Just a thought I had, a lot of the sentiment out there is that we are about to repeat 2008 , and that a crash is imminent , and I believe this, except this time there is no federal bailout on this one. These hedge funds need to win or they go down, and the government can't bail them out because the government goes down with them. In normal circumstances, this would mean the FED would own everything (another bankruptcy, which we supposedly just got out of). Interestingly, didn't one bankruptcy happen around 1923, just four or five years after the last scamdemic? Seems to be their MO.
Now, if i remeber correctly, sometime back I read about an EO that Trump issued that changed the relationship between the fed and the US government that inextricably linked them together. (Correct me if im wrong, or if anybody has details or a link to the actual order, that would be appreciated). He basically made it so that if the US government goes down the fed goes down with it. Mutually assured destruction, and I think this is the only reason we haven't seen things collapse so far.
Now, we and they are in a fight for survival, if they win we will end up with the great reset; if they lose the fed goes down. If there's no fed, we need a new system of Finance. This could be the lead in to QFS, or going back to the gold standard. What ever is next, it certainly will be a Great Awakening. Before anything happens, the FED must go down, they are the final boss.
GME/Silver Ape army member here! I can't wait for it all to go down.
? ? ? ? ? ? Fellow ape here also HODLING ? $AMC$GME$UWM$BB Fuck em all ?
NCSWIC Infinite money glitch activated.
Fellow ape. Strictly holding $GME, media seems most frightened by that one...
I have some GME, AMC, my IRAs and wifes 401k but Im heavy into precious metals. If the Fed goes down and fiat currency with it, the only thing in the entire world with monetary value will be precious metals. Im even scrounging copper and steel now. Very easy to collect when you are a contractor.
Im hounding anything and everything that can be easily bartered. That may be all we have after the current system is set ablaze and until a new system can be established.
I am also heavy precious metal investor.....don’t forget lead and brass fren!
Definitely brass ;)
It’s not that GME is a bigger part of the economy than silver, it’s that hedge funds and market makers all the way up through the DTCC and Fed are guilty of illegal, predatory synthetic share creation or naked shorting. They essentially wrote a check they can’t balance. Citadel Securities borrowed millions of GameStop shares, sold them around $10 a piece, then planned on buying them back at $2. They might have even cashed in at that point. But then they shorted millions of shares again, likely at $2, but then the price started climbing. Now, instead of a profit, Citadel was at a major loss. If they can’t buy back enough shares, then it goes to the DTCC, and if it still goes on, then the FED has to close out the remaining short positions. But since Citadel created counterfeit shares which are entitled to the same privileges as real shares, the FED would have to buy back enough shares to clean the books and get rid of the excess shares. Now, hypothetically, if there are supposed to be 60 million shares, but Citadel created an additional 60 million shares, then if investors hold onto enough shares that more than the authorized 60 million shares exist, then the FED would go bankrupt because they couldn’t close out the positions created by Citadel.
$75 billion is chump change. I think the plan is to bleed the bastards dry and there are trillions off the books. I hope the stock goes higher than $1000- $5000 or you will have a lot of pissed off apes!
I'm holding GME and AMC, but need to buy silver. When people say "buy silver", do they mean actual physical bars (and if so, where do I procure some?), or invest in silver on the stock market? Sorry for the dumb questions, I'm pretty new to all this and just started getting on board this year with the GameStop madness.
Im with ya Frosty.
Amen! JPMC has manipulated this down for a long long time. Physical silver harder and harder to get as the reality that paper silver with nothing backing it has been over created for decades. Can’t wait to see what all these eagles bought around $20/oz for almost 10 years will be worth when dollar hits ???
Ive been buying metals since 1985 or so when I started my business and my family. It was probably around 15 or 16 an oz then. I have kilos worth bought at 6 or 8 bucks an ounce during the later 90s maybe early 2000s.
I give silver rounds to the grandkids as Christmas, Birthday, Baptism, Easter and Halloween gifts. Whatever excuse I can find. Even the youngest has a couple pounds. And I passed my love of shiny metals onto my kids. They all have metals as a part of their portfolios.
Speaking of shiny metals have you ever seen palladium? Pretty metal.
Don’t buy high value metals as I never thought they would have a place in post-apocalyptic bartering. It’s 1 of 2 reasons I have heavily favored silver to gold. That, and I have long believed silver to be far more undervalued than gold due to its massive industrial value comparatively.
I’m a prepper first, investor 2nd ?
I don’t think you realize just how much GME has been shorted and the resolve of people to hold and break the fuckers who did this. Infinite loss potential. The SEC won’t be able to step in and stop anything, otherwise free trade in our market is dead. Plus, the tax windfall from this would wipe the mythical national debt out many times over.
GAME over. Nothing can STOP what is coming. Coincidence? Nope.