**** I AM NOT TELLING YOU HOW TO SPEND YOUR MONEY, I REPRESENT NO ONE BUT MYSELF, THESE ARE MY THOUGHTS AND IN NO WAY SHOULD BE INTERPRETED AS FINANCIAL ADVICE ****
Daily, I am watching the 1% battle each other with money, and the closer it comes to an end, the more I feel that this is somehow connected to everything.
Short story: GME (GameStop stock) has been heavily shorted (bet that the stock price would fall) for a long period of time, to the point that more than 100% of the available shares have been “lent out” and have created counterfeit stock. Normally this is illegal, but if you’re making billions, a $1 million fine is just the cost of doing business. Yadda yadda yadda.
So the 1% have been using this loophole to make billions of untaxable dollars. That’s right, when a business fails, some douche on wall street makes billions. Well they got caught with their hands in the cookie jar, and got a little greedy with all the businesses that failed during the pandemic and saw GameStop as nothing more than another brick and mortar store that would fail.
The problem is that it’s not gonna go bankrupt, and they don’t want you to know the truth.
They went and lied on national television, risking prison time for stopping the rise in January. Billionaires cried on television ? and they want you to believe they covered, but they told Congress that the price didn’t rise because they were covering their shorts.
They spent millions to buy accounts and spread fear, uncertainty, and doubt to every corner of the internet. Telling people to sell their positions now. They paid the media to do the same, preparing articles 12 hours ahead of time for a price drop the next morning.
The biggest thing in my opinion is the 10 minutes edited from the congressional GameStop hearing on CNBC website
https://youtu.be/d2DU6DXfGPM This is the edited version
https://youtu.be/imRzHXRq80I Here is the original
Something big is about to happen and I believe we need eyes on this. It’s a major happening going on coincidentally along side everything else.
I completely agree. It's looking more and more like the GameStop situation could be used to expose how the entire market is rigged.
I am buying gamestop to lose money.... Because I want these assholes losing money.. Goodluck to you all making rent off this! Im buying and forgetting I own it..
Ill still have it when its .01 a share.
Same here. Currently 5k in gains. I can lose it all tomorrow, I won’t lose any sleep.
100 shares of GME here... I might consider selling at $100k
2,000,000 is the floor baybayyyyy!
Humble 18 shares here, looking to get a few more when I transfer them all over to webull. Like the post said I've had a feeling for awhile that GME is connected to all this. Apes together strong!
WeBull is Chinese, FYI
well shit, guess it'll have to do, seems like there wasn't an app I could find that wasn't compromised in some way/ stopped trading the first time gme spiked
1 share in my monkey diamond hands, that's all you need when the shorts can't cover. Infinite tendies.
16 here. ?????
10 shares here. How many Lambos does a mfer need?
Same here fren... HFs need to be destroyed
I’m paying attention to this and silver.
Incoming market crash? That’s what some say.
Finance is interesting. An important aspect of the cabal.
End the Fed.
Silver will crash again in second quarter hoping to get the slaves to stop buying.
SLV might crash, the bullion market won't. The prices will separate completely, proving the fraud.
Too bad for them, we’ll just see that as another opportunity to buy.
Silver will crash when Citadel liquidate while gamestop moons. Citadel owns a lot of silver.
https://youtu.be/iTFmYFwsqko
You really want a ticket for this ride. Just one share and it makes the story a lot more interesting. How can this not be a white hat op with regard to Citadel and the Fed?
I hope to one day get paper copies of my shares and leave them to my family as a memory of my small part in the Great Awakening.
That’s a great idea. If I ever get my hands on a physical share, I might do the same.
Eh, almost. Winning on shorts is taxable the same way that winning on gains are.
The only time you exploit the tax loophole is if you're holding the bag when a company goes bankrupt, and even then, you're not guaranteed to get anything out of the bankruptcy settlement.
The shitty thing here is that Hedgies were betting so heavily on shorts and naked shorts (no ability to get the stock to cover the short position), they were driving GME into bankruptcy. It's one thing to bet on someone's misfortune, but in this case they were doubling down, and rigging the game.
u/Lupinate hit it on the head earlier today. GME is the financial battlefront.
Yes, there’s nothing wrong with shorting per se, but they broke the law with naked shorting.
I’m holding till 69,420 the. I’ll sell. Diamond hands
AMC is following the same route as GME... there may even be more that we don't know about...
We've also been watching RKT
Bring them all on! I'm ready for this system to crash!
I think a crash is coming. but dont forget Q post 2619. Q HAS THE GOLD.
They can manipulate stocks they can't manipulate real metal dug out of the ground. That's how you break these people. That is the arena hosting the "Superbowl". The metals arena. Coins, bars. If you can't hold it open a vault. Then the pslv or similar is next best play
They can, they have, and they are manipulating. Spot price of metals is whatever the majority holders say it is (JPMC / Deutsche Bank, RBC, etc.). Fortunately, it's quite stable value. Fuckery occurs because people trade paper certificates with no metal backing, paper that's oversubscribed (by 1000x, in some cases), or premium over spot for physical delivery (it's excessive right now).
Paper with no metal backing is what sets spot price; if they really allowed it to float, we'd be looking at 3k an ounce for Au; 60-65 for Ag.
But I heavily agree with metals as a value store. Crypto, not so much... too volatile and with a stroke of a pen, congress can make it worthless.
I don't think you understand how long this has been going on, nor why. They have been manipulating the metals, silver especially, since the first London bank was put in America (around 1810). This has been done to facilitate a transfer of wealth to the elite.
If they lose control of it, it will adjust to its real value. If you look at gold/silver purchasing power for the 4000ish years prior to 1800, their real purchase power adjusted value is around 10k/oz for Au, and 1k/oz for Ag in todays market (e.g. buying a house, groceries, tools, etc.).
An important note to those values is no matter how you adjust gold, up until 1800 (and more egregiously, post 1873) the gold:silver value ratio was 10:1 for all of history (with minor variance). This is probably because that is almost exactly the same as the ratio that has been mined. Now that silver is in much higher demand than gold in the technology market, it may be worth even more (relative to gold) when this all settles.
No, I got it. I was more calculating spot price versus USD, from the last time we had a gold-backed currency standard to now. Not 1810, but pre-'33 gold specie @ $20 face value.
That seems like a random snapshot to start from. Silver had already been destroyed by then and gold had already been devalued somewhat as part of the wealth transfer, despite the adjustment. That has nothing to do with any meaningful real value.
When the dust settles they will go to their real value, whatever that may be, but the silver/gold ratio will not be anywhere near the 50:1 in your calculation. Based on history and availability it will likely be 10:1. If you add in tech value it could be 8:1 or even closer.
Hats off to you, I just don't have that level of faith in silver, despite owning a bunch.
Of course, if it all collapses, or if we dump stupid enviro regs and start kicking ass mining our own resources again, all bets are off.
? ? ?
35 shares held safely and secure in my diamond hands
watch it was flat, and like an hr after closing predicted to spike to 400 and 10 min later back to 200
Thank you for the summary. Motivated me to buy a few shares and just hold them. What I see is the worst of humanity (Soros and others) have made a ton in the hedge funds market - seems completely corrupt.
This is my humble opinion....If the short position is to be fully demonstrated to the public only one thing needs to be done. All investors demand their physical shares. Once physical shares are distributed, the "FAKE" shorted shares must be covered immediately. Just my humble opinion. <WINK>
and AMC
Citadel - the hedge fund behind the gamestop fuckering that is going bankrupt - was Eposteins fund. When Gamestop went big in January they stopped paying out the Epstein Victims trust.
There's some connections. If you reach "Q" is the letter added to wall street to mean "Bankrupt" and hedge funds are where the evil families put all the money.
Retarded ape lady here. My diamonds hands are HODL’ing in hopes of eventually scoring some nice tendies with my one share. ? ? ✋??
(1) There is nothing wrong with shorting stocks. It's a healthy aspect of the market. There were a few geniuses that figured out Enron was cooking the books, and they shorted to profit, as well as sounding the alarm bells. They were right, the execs went to prison, and Enron is no more.
(2) Having said that, Kelly Loeffler's husband runs the NYSE, and he and his co-conspirators have allowed many stocks to be shorted more than there are shares available. This should be prosecuted.
(3) The hedge fund that was in trouble conspired with Robin Hood and their frong-running scheme, to cause investors to be harmed financially. They should also be prosecuted.
(4) The heavy short position has been mostly unwound now, so it is not the same story that it was before. The conspirators got away with rigging the markets so they could unwind their short positions.
Looks like the reason they picked GME to short is that the covid play was this store would lose business, since a lot of their sales come from brick and morter locations. But their financial numbers have stayed pretty good. Some hedge funders were taking a big risk, got caught, and then probably did something illegal to get out of it.
Will they be held accountable? Hahahahahahaha.
They should be.
There is NOTHING healthy about the market. The fact you can come up with a scenario where shorts helped fix a problem is a perfect example. There is no scenario where betting against a company is healthy. There is no scenario where you should be able to destroy a company if you have sufficient money (which is what the whole concept of shorting allows).
Regardless of the shorts, the entire stock market is a scam. The idea of being able to invest in a company you like is great and straight forward. But having 5000 loop holes and exploits in the system allows for the crap where shorts are a necessary evil. When the Patriots win, shorts need to go, and all the stuff that goes along with it. We should have a market where we can invest in companies we like. Nothing else is necessary or desirable.
What's your take on Citadel? They make up all of Robin Hood's revenue and as a market maker they're able to execute a lot of trades without the prices ever hitting the actual market.
How confident are you the short position has been unwound? They knocked it down to $50 but it shot back to $200 on no news. I get that finance.whatever.com indicates it's unwound, but how much of the real data are we seeing? Do those numbers reflect what's going on at market makers like Citadel?
How do you account for the effects of the millions of shares failing to deliver?
This isn't like crypto where everything is mathematically enforced. With stocks we're relying on something infinitely more brittle: humans.
They haven't covered at all. Just institutional investors own 130% of the stock and retail probably owns over 109% to. They counterfeited too many to cover and institutions have to report so we know they can't cover the it illegal shorts
Gamestop is still a failing business. Nobody cares about the toys and most people are buying digital games.
Cucks can downvote me all you want, I'm still right.
I actually upvoted you, because you are not wrong, technically. There are not many investing in GME because of the company outlook or they want a guaranteed winner. They are investing to prove a point and expose the farce that is the current financial system. They might end up being rich, or the world will see the rigging for what it is.