GME (GameStop): Anyone want to briefly explain GME so a 7th grader can understand? I bought two shares with no trading experience and glad I did. How do I explain to others in simple terms?? - The Great Awakening

GME (GameStop): Anyone want to briefly explain GME so a 7th grader can understand? I bought two shares with no trading experience and glad I did. How do I explain to others in simple terms?? (media.greatawakening.win)

posted 3 years ago by HELLOGITMO 3 years ago by HELLOGITMO +51 / -0

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– Shady19 5 points 3 years ago +5 / -0

7th grade explanation that will reshape our economic system?

Citadel abused its power and sold fake shares in an effort to put GameStop under like they did with Toys R Us and Sears. Retail (read normal citizens) investors recognized a mismatch between price of GameStop stock and inherent value and purchased numerous shares. Citadel is now forced to buy back the fake shares that they had sold at like $10 for now $200+ per share.

Citadel will not be able to buy all of their positions back, so then the DTCC and after that, the Federal Reserve are on the hook for buying back all of the shares. The FED has a ridiculous insurance plan to something to the tune of like 75 TRILLION dollars. This could liquidate the Fed.

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– HELLOGITMO [S] 2 points 3 years ago +2 / -0

OK now I'm starting to get it! Basically counterfeiting that never gets prosecuted cuz everyone's got their thumb in the pie?

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