Hey everyone,
Here is the article: https://www.zerohedge.com/markets/chinas-economy-suddenly-disintegrates-land-sales-crater-90
He summed things up nicely at the end: "Bottom line: Beijing is facing an economy whose wheels have suddenly come off, and unless China's political elite is willing to unleash another massive monetary and fiscal tsunami and bail out the economy all over again - something Beijing has repeatedly vowed it won't do this time - a hard landing, whether or not accompanied by a Volcker Moment, is virtually guaranteed."
I'm sure all the pedes here will have much to discuss about this.
Just prepare for absolute chaos across the board. Shit’s gonna get crazy.
Financial: GME, Gold, Silver, good crypto’s
Have a good bug in or bug out plan. Have multiple routes to your bug out location.
Food, Water, light and energy. Be diversified. Be able to provide all of these through as many avenues as possible.
Don’t be an idiot and make yourself a target. For my fellow APES on here don’t go around flaunting your tendies if MOASS happens. You don’t want fair weather friends and family to come after you especially after their 401k’s go to shit. Only my brother knows how many GME shares I have.
Make plans with like minded friends, neighbors and family. Have an idea who you are willing to help. Don’t tell non like minded people you prep. They will come for you and you’ll have to turn them down or worse.
Fellow ape and GME holder here as well, your thoughts mirror my own. Well said.
You guys are right about gold and silver, but you are going to get killed with GME. The short squeeze days are over. Only 13.4% of the float is shorted now. Compare that to when the squeeze took place....over 100% was shorted. It's either going to be a slow bleed or a sudden collapse. Either way, you are going to lose money on GME.
https://finviz.com/quote.ashx?t=gme
Reported short interest data is not accurate. FINRA data shows that institutions own 66.9 million shares of GME. The float is only 63.5 million. That number doesn't include retail investors, home offices, or whales that are long the stock. https://finra-markets.morningstar.com/MarketData/EquityOptions/detail.jsp?query=126:0P000002CH click on shareholders then scroll down to Equity Ownership and click on Institutions. It's not just GME in a short squeeze situation. Institutions own 176.31% of Bed Bath & Beyond BBBY. This is only possible if there is fake synthetic counterfeit shares in circulation. M, XRT, OSTK, MSTR, LULU and PETS are in a similar potential short squeeze situation. When margin calls happen and these stocks start rocketing it could bring down the whole market 1987 style. r/superstonk on reddit has some excellent DD worth reading.
Not financial advice.
All these stocks that are over shorted are the same stocks that the hedge funds and market makers thought were going to go under during the pandemic shutdowns. They got greedy and are now in a place where they cannot get back from. Better Buckle Up!
HODL
"Only 13.4%" is seriously the funniest thing I've read all day, lol. Talk about your fake news...
The hard-to-borrow fee is only 0.4%. Some stocks that are heavily shorted can rise to 200% or more. If there were truly not many shares to short, these fees would be higher.
The market crash will be the catalyst. All world markets will start collapsing. The criminals went all in on the scamdemic.
The Fed can’t bail out all the people who shorted GME without causing mass instant hyperinflation. This shit goes all the way to Amazon for example. The government will desperately need money from the capital gains taxes as they will be broke and will let the hedgefunds and banks who shorted GME fail. Remember when Yellen said the government will be broke soon?
The Fed is the final boss and will throw everyone under the bus to save themselves. They do not give a shit the hedgefunds. Their control is most important. They have to keep their system in place until they are ready with the great reset. The people though will start moving into Gold/Silver and crypto. Imagine thousands of GME and AMC Apes buying shit loads of PM’s and crypto at once.
Storzak’s wife is a pawn. GME will explode cause the market crash will force their hand.
I think Trump trapped the Wall Street old guard with the vax. All these people shorted GME and others cause they thought the lockdowns would last years. They never thought she would lose, they never thought Trump could get the vax out that fast. Now they all lose, game over.
If your theory about the gov wanting that capital gains taxes is true, then it's in their best interest to launch this rocket before the end of the year, so they can collect those taxes by April 15.
I'm in CA, highest taxes in the nation (expect maybe NY?) and we've already been entertaining the idea of moving to Florida (we've been there twice in the past six months, scouting it out) and if yuge $ rolls in after Jan 1 ('22 tax year) then I'm moving to FL for zero state taxes on that windfall.
See my comment The MOASS already happened.
Why don't you test you claims over at r/SuperStonk instead?
Your notion that it already happened has been addressed and unequivocally disproven probably thousands of times over.
Short it then pussy. Bring proof or STFU.
🦍🚀👍🏽
If you don't mind me asking, are there any trading apps you recommend that still allow you to go long on GME? I know alot of the major ones clamped down on it during the first big rush.
The buy restrictions are over for now. Diversifying among brokers is probably safest. Avoid Robbinghood and others who turned off the buy button in January.
Direct registration through computershare then switching them to “book” shares is the way to save shares for the infinity pool and could be the catalyst needed to take the lendable shares out of circulation with the DTCC.
Not financial advice.
Fidelity is the most reliable and used on superstonk. I have an account with WeBull though just in case there is fuckery.