So Citadel has been a bad boy, manipulating the stock market and have been throwing money trying to suppress GameStop stock because they and others have a MASSIVE short position that will need to be covered eventually (probably once the price hits $212 ... again) and that time seems to be coming closer every day.
Well a lot of things have been in motion behind the scenes and everyone has been speculating what and how this is going to end, but a short squeeze is inevitable and the only thing that had kept a lid on it was Citadel and friends shorting the stock and lying about it.
Pretty much these guys wanted GameStop to go bankrupt and they would receive billions. It’s not gonna go bankrupt, and covering their position will collapse the market because no one bothered to regulate them since... ever.
All eyes are on this now. And a share recall for GameStop is on the horizon because they are transforming themselves and want to hold a vote for shareholders. They want to account for their 70~ million shares. But ownership of GME between institutions and regular people is greater than 140%. Some big brained people have crunched the numbers and there is quite possibly >200 million shares out there because of the naked shorting. And all of that has to be bought back.
Brings us to supply and demand. They have to buy these shares back. At whatever the market wants. At whatever the market wants. At whatever the market wants. And if they can’t buy it? They will be shut down and liquidated and the shares will be bought, at whatever the market price is until everything is gone and the next person in line has to be liquidated (I think their banks next, then the DTCC and after then it’s the federal RESERVE but idk if it’ll get that far)
TL:DR they did illegal stuff and have been manipulating the media and the stock market to keep it suppressed. Now they might be Margin Called and forced to buy back shares. You would be up at 3am Sunday morning too if you’re going to be responsible for possibly the largest transfer of wealth in the history of mankind.
Its not the federal government, its the Federal Reserve, which has nothing to do with the US government, but is a private corporation owned primarily by the London Bankers and their brood.
The chain of custody goes all the way up to the tippy top of the real wealth of this world. If its allowed to get that far (because the Patriots are in control?) before the entire system is ground to a halt, it's going to be interesting to see what happens to the wealth of the real worlds rulers. GME payouts could theoretically (legally) be the entire real wealth of all of them put together ($1 quadrillion dollars?).
My bad, lemme fix that I was up late, and thank you! I have some super suspicions that all this is connected to things but it’s just so wild and crazy!
Ahh, interesting. Thanks! I had heard about the Gamestop stuff but didn't fully understand what was happening. I very much appreciate you taking the time to explain it all, fren. Pretty wild.
Sounds like that scene in The Devil’s Advocate when Keanu goes into the office late at night and one of the other lawyers is in a shredding frenzy with all his staffers to destroy evidence.
Yes!
So Citadel has been a bad boy, manipulating the stock market and have been throwing money trying to suppress GameStop stock because they and others have a MASSIVE short position that will need to be covered eventually (probably once the price hits $212 ... again) and that time seems to be coming closer every day.
Well a lot of things have been in motion behind the scenes and everyone has been speculating what and how this is going to end, but a short squeeze is inevitable and the only thing that had kept a lid on it was Citadel and friends shorting the stock and lying about it.
Pretty much these guys wanted GameStop to go bankrupt and they would receive billions. It’s not gonna go bankrupt, and covering their position will collapse the market because no one bothered to regulate them since... ever.
All eyes are on this now. And a share recall for GameStop is on the horizon because they are transforming themselves and want to hold a vote for shareholders. They want to account for their 70~ million shares. But ownership of GME between institutions and regular people is greater than 140%. Some big brained people have crunched the numbers and there is quite possibly >200 million shares out there because of the naked shorting. And all of that has to be bought back.
Brings us to supply and demand. They have to buy these shares back. At whatever the market wants. At whatever the market wants. At whatever the market wants. And if they can’t buy it? They will be shut down and liquidated and the shares will be bought, at whatever the market price is until everything is gone and the next person in line has to be liquidated (I think their banks next, then the DTCC and after then it’s the federal RESERVE but idk if it’ll get that far)
TL:DR they did illegal stuff and have been manipulating the media and the stock market to keep it suppressed. Now they might be Margin Called and forced to buy back shares. You would be up at 3am Sunday morning too if you’re going to be responsible for possibly the largest transfer of wealth in the history of mankind.
Not financial advice but I’m buying more
Its not the federal government, its the Federal Reserve, which has nothing to do with the US government, but is a private corporation owned primarily by the London Bankers and their brood.
The chain of custody goes all the way up to the tippy top of the real wealth of this world. If its allowed to get that far (because the Patriots are in control?) before the entire system is ground to a halt, it's going to be interesting to see what happens to the wealth of the real worlds rulers. GME payouts could theoretically (legally) be the entire real wealth of all of them put together ($1 quadrillion dollars?).
My bad, lemme fix that I was up late, and thank you! I have some super suspicions that all this is connected to things but it’s just so wild and crazy!
Ahh, interesting. Thanks! I had heard about the Gamestop stuff but didn't fully understand what was happening. I very much appreciate you taking the time to explain it all, fren. Pretty wild.
No problem, anytime fren
Sounds like that scene in The Devil’s Advocate when Keanu goes into the office late at night and one of the other lawyers is in a shredding frenzy with all his staffers to destroy evidence.