Keep in mind that China financial collapse could have more serious consequences.
What is the best way to avoid a severe recession, spur your economy and to keep your workforce busy? Start a war. In a pinch, China may look to stir nationalism by reclaiming Taiwan.
Honestly I didn't think they'd pull the trigger on this. Next step is national digital currency to lock the wealth in and further constrict capital mobility.
yea they pump up the crypto prices, sell for profit...then dump those profits into other markets using as collateral to short GME further, preventing any GME movement
Why do they need crypto profits to short GME shares? They have already exposed they do naked short selling. Bitcoin is a different scam, GME shorting is a different scam. Both the chickens are going to come home to roost.
"naked" in naked short selling stands for not having collateral. Its highly illegal. Its highly practised.
There are other ways too. They can use the retail shares held by the brokerage as a backing to fulfil a new order without actually purchasing it. They can use the same physical share for dozens of people who bought the shares.
This is why everyone who has GME must go and DRS (register the share directly) and obtain a certificate. Its already happening at historic levels and we are very close for all this to come crashing - GME will go to the moon, probably even escape the Wall Street and move to a blockchain based exchange.
They don’t need excuses for that. China is trying to stop people from liquidating assets and buying crypto as a hedge before the collapse.
Keep in mind that China financial collapse could have more serious consequences.
What is the best way to avoid a severe recession, spur your economy and to keep your workforce busy? Start a war. In a pinch, China may look to stir nationalism by reclaiming Taiwan.
This guy has it right.
Honestly I didn't think they'd pull the trigger on this. Next step is national digital currency to lock the wealth in and further constrict capital mobility.
you think Chinese economy will collapse? Maybe a cover for audit and new SEC rules
Chona is self protecting by preventing a mass bail to crypto. If things tank and everyone takes their money out of the system they are extra boned
Can you explain how this scheme would work?
yea they pump up the crypto prices, sell for profit...then dump those profits into other markets using as collateral to short GME further, preventing any GME movement
Why do they need crypto profits to short GME shares? They have already exposed they do naked short selling. Bitcoin is a different scam, GME shorting is a different scam. Both the chickens are going to come home to roost.
they need collateral to keep the price down
just a theory of mine...both stocks and crypto are money laundering schemes and you are right they will both be exposed.
"naked" in naked short selling stands for not having collateral. Its highly illegal. Its highly practised.
There are other ways too. They can use the retail shares held by the brokerage as a backing to fulfil a new order without actually purchasing it. They can use the same physical share for dozens of people who bought the shares.
This is why everyone who has GME must go and DRS (register the share directly) and obtain a certificate. Its already happening at historic levels and we are very close for all this to come crashing - GME will go to the moon, probably even escape the Wall Street and move to a blockchain based exchange.