There was a thread yesterday about Jim Cramer and Gamestop (GME) stock.
Although I disagreed with just about everyone in that thread, it did cause me to do a little digging.
I found this lecture by Patrick Byrne. He explains how Goldman Sachs creates FAKE shares of stock that do not exist, and this is how their company is so profitable.
The problem is, it has caused massive leverage in the system, and could be one of the reasons for a stock market crash (the money printing by the Federal Reserve is the other reason).
Goldman Sachs and the other prime brokers are THE SOURCE of ALL fake shares in the marketplace (and basically, all the fuckery in the marketplace).
The part where he explains HOW they create the fake shares is about 10 minutes of the presentation, and starts at about 3:00 (then, he goes on to talk about how to solve the problem with blockchain):
https://www.youtube.com/watch?v=COQvMsbb-Cw
- Almost 100% of the profits of Goldman Sachs comes from their "Securities Lending" operation
- That operation is focused mostly on "hard to borrow shares"
- They identify stocks that people want to short, then they lend those shares out
- They do NOT have to actually own the stock when they lend it out
- This allows GS to lend out shares that do not exist
- Since they are also a prime broker, most of this lending is necessarily to hedge funds, which are the investors who are shorting stock that does not exist
Goldman Sachs and the other 5 prime brokers are the SOURCE of all the fake shares out there.
This is EXACTLY the same as the "money changers" from centuries ago, when they created more money certificates than were actually backed by gold on deposit. Same exact scam, just with stock instead of gold.
It is always good to know the names of the criminals to prosecute. Now, it's just a matter of finding the prosecutors and getting them into office.
I concur, there is also much info on this at: https://www.reddit.com/r/Superstonk/ I recommend buying GME, then register in your name (DRS). HODL. I am not a financial advisor.
Instructions unclear, spending my tax check on GME.
If your name isn’t on your shares, then they’re not yours.
::taps head meme::
I have several shares of GME but they’re stuck in TD... I’m sure I’ll get screwed during MOASS, but I’ll just HODL the shares as a memento if they delete the sell button, I ‘spose...
I see my GME as an odd financial apocalypse hedge.
DRS through ComputerShare(?)
Yes, they are the designated (by gamestock) company for that.
Welcome to the purple ring club. If you know, you’ll know what I am referring to.
Yes I have heard of the Order of the Purple Ring
:)
In that case, pass the crayons, please. See you on the moon.
Read through a lot of the DD due dilligence tagged posts.
Very interesting stuff. I believe someone made a nice pdf with much of the top DDs To make more readable like a book. Basically basis for a future textbook on finance shenanigans. I’ll have to find it.
A literal library. Do you believe financial systems information will be useful after the big reveal?
Do you not READ the posts in this thread?
Do you not UNDERSTAND what a company's financials are?
Are you a child?
Respond to the other commenters you fucking coward.
Hey fuck face, I have probably responded a hell of a lot more than you or anyone else.
If you will so kindly point in the direction of the topic you refer to ...
... I'll think about it.
Maybe address the arguments in your responses then?
Spill it.
He posted you a link my dude. Why not read and study? We are on your side but you need to give a little.
Dozens of books to read?
And in small print, too.
You're funny.
If you can't summarize (like I did, as a courtesy to you), then you don't really know the topic.
This thread is about Goldman Sachs, not GME.
You brought up GME.
I gave specifics in other posts in this thread, and in the thread on Jim Cramer yesterday.
You seem to be missing the point: I do not believe that YOU have actually DONE any real work. I think you, and most others here, are PRETENDERS. I don't think you really know what the fuck you are talking about when it comes to GME.
I don't care about GME. You do. I don't.
I DO care about all the fake shares in the market -- the naked shorts that existed in GME (last year) and in XRT and other funds/stocks. That's WHY I created this thread.
Patrick Byrne has given a great, short presentation about this topic.
I will tell you EXACTLY what happened yesterday. I saw the post about Jim Cramer interrupting Shark Tank. That is unusual. VERY unusual.
I commented that Cramer is a doofus, but that I thought the rest of the OP's post was bullshit.
THAT is when a bunch of pretenders jumped all over me in that thread.
So, I thought ... hmm ... I haven't really paid any attention to GME since all the buzz last year. How does it look now?
And then ... I laughed hysterically at what a dog shit company it is. Stock down 80% from its high. EIGHTY FUCKING PERCENT!
And the financials are BRUTAL. Losing revenue and bleeding red ink.
Company is headed for DISASTER.
So, then I thought ... hmm ... why do all these guys love it so much? And then I realized the "naked short" story was the reason.
Well, I remember last year talking about it. I remeber it was 120% or 130% short of the float, which means there were naked shorts. I CREATED A FUCKING THREAD ON THE SUBJECT (pretty sure it was THIS website).
But TODAY (not LAST YEAR, but today) ... the short interest is only 13%. Guess what that means? Naked shorts COVERED long ago.
So then, I see some of you talking about how the naked shorts are really there, but they are "hiding" behind XRT and other funds.
Well, there is no real way to know if XRT naked shorts (which do exist) are because of GME or not. I think it is laughable to think it is ALL because of GME.
MUCH more likely that funds are hedging by finding any shorts they can, and doing it "low profile" even if illegal, because they are worried about a market crash in general.
There are no hedge funds "worried" about GME going down. The shorts want it to go down, and everybody else wants to stay away because ... it is a DOG SHIT company.
You guys are wearing your rose colored glasses.
Been there, done that, with other stocks.
Learned my lesson.
GME will be your lesson.
Just sit back and watch.
Its cool dude, i destroyed him elsewhere in this.
We both know it is because you CANNOT ANSWER my questions.
We both know it. Everyone else here does, too.
Have a nice day.
No, it is time for YOU to start answering MY questions ... for a change.
If you can't summarize, then you do not know the topic.
And you don't seem to be able to summarize, so ...
You want me to spend unknown hours reading about something that I don't give a shit about ... but you cannot be bothered to spend a couple minutes to sumarize why you think you are right about GME.
And yet, you CAN spend more time than that writing gibberish posts that EVADE my questions and challenges to you and others.
Yeah ...
You clearly give a shit about it. Look how fervent you are in attacking something that you REFUSE to read into. You seriously expect complex things can be neatly summarized, coming from a Q board of all places?
HOW FUCKING HILARIOUS
Glow harder for us, faggot.
I wouldn't go as far as call him a glowie, lol. I admittedly don't think GME is going to pop off because it's been so long and it already soared and fell, never recovering.
But I don't know enough about it and have a few shares on the side (3 that I bought in at mid 200's and it's only gone to shit since) decided to throw another $500 through computer share but that'll take days to settle with bank transfer.
I was up immensely on AMC but heard the same story and now and down quote a bit and I bought in pretty early on before it popped off and crashed again.
I also feel the crypto crashes were the hedgedunds selling off to cover there shorts and that's how we went from steadily rising up to 60k usd for btc to how low it is now.
That being said, I'm not all that read in, but I often wonder how long a short squeeze is supposed to go on for? I also bought a bunch of silver during the silver squeeze (a bit after the initial pop off last January when prices settled) and got several hundred ounces in. But the bullion banks have many tricks with paper silver and stocks/derivatives.
It’s hilarious that you were so angry about GME yesterday, and here you are on the trail to the truth you so fervently denied…
KEK bingo. We will show him the truth, even if his ego doesn't like it! WE ARE ALL IN THIS TOGETHER.
I have known about naked shorts for years.
I created threads about it on this and other sites.
I have never seen a clean presentation of this until now.
Even Patrick Byrne did not have this info until he spent $30 million to get it.
If you are so brilliant, tell us all about it.
But you won't, because you are a pretender, right?
Summarize.
No amount of summarization will do that library justice. There are 1000’s of hours of research and writing there. You are going to have to do some legwork yourself. People tried to summarize it for you, and you just shit everything they said down. Go to the source and learn for yourself.
The shortest summary I can give you is that when Covid first started, all The hedge funds shorted the entire brick and mortar sector by shorting the etfs that contained them. What they didn’t know was that one firm in particular had already naked shorted GME into the ground over the course of several years and it just so happened that at the time, the etfs they shorted were heavily weighted towards GME. The result was an unclosable short position that will destroy the whole market that they have been fighting tooth and nail to manage to this day. They couldn’t have closed it, there wasn’t enough money in the world to accomplish that. The self reported data you keep pointing to means nothing.
Cop out. And the only reason you would cop out on it is because you don't really know what you are talking about.
Just a little reminder: I don't give a FUCK about GME, one way or the other.
I happened to see the Jim Cramer thread, and I responded about what a doofus he is. I also said the rest of the OP sounded like bullshit.
That's when you guys all attacked.
But it was a weird attack because ... most of you don't really seem to know what the fuck you are talking about.
You can't summarize. ONE person in the other thread did. Only ONE.
The rest of you are just pretending to "know sumthin'."
Well, at least you all got me to dig just a little, and that led me to this Patrick Byrne presentation. This is the first time I have seen someone explain EXACTLY how all these fake shares are made.
It's good info.
But none of you cheerleaders have addressed the BIG QUESTION that I have been asking and NONE of you have answered:
Since GME is a dog shit company, losing money, and burning cash at a rate that will put it into bankruptcy within a year, UNLESS they get a big whale to bail them out (like they did last time) ... what is the GME LONG story?
Other than your wet dream of a massive short squeeze (which was attempted a year ago, but FAILED), how is this company going to become anything that investors would want to own?
If it does not get a cash bailout, then within a year, it WILL BE BANKRUPT -- naked short sellers or no naked short sellers.
NONE of you want to even talk about that.
Gee, I wonder why ...
Hey, I've been a bag holder on stocks before. I've been burned before. I've held on to hope for no good reason before.
I see it in SPADES with you guys.
This is experience talking.
I am wondering WHY anyone would want to bail out a company that is losing money, its business model is failing, its customer is already online anyway and does not NEED to go to a retail store, its customer is not rich and will not be looking to spend as much money in an economic crash like they did when they were getting free gubmint gibs ... and this is ALL reflected in the financials.
2018 Revenue -- $9 million, and profitable
2019 Revenue -- $8 million, but less profitable
2020 Revenue -- $6 million, but now losing money
2021 Revenue -- $5 million, and losing money at a faster and faster clip as each quarter goes by
https://finance.yahoo.com/quote/GME/financials?p=GME
Their liquid assets are less than their current liabilities. This ain't good, in case you didn't know -- especially for a company that is losing money.
WHY would anybody bail this company out? Because that is the ONLY hope the longs have.
The short sellers and their buddies are not going to help. They want the company to go bust.
So, who will step up to the plate and piss their money down a rat hole that is GME?
WHO?
WHY?
How richly ironic that you claim that it is a “cop out” to explain how something is too complex to neatly summarize, immediately after YOU copped out of doing your own research by demanding everything to be summarized else it’s a waste of your time.
HUURR DDUUURR IVE KNOWN ABOUT SHORTS FOR YEARS BUT I DONT GIVE A SHIT TO READ ABOUT SOMETHING SO MANY PEOPLE ARE SAYING IS SUPER IMPORTANT AND RELEVANT CAUSE ITS TOO HARD TO READ
You’re so afraid.
Can't respond about the shitty financials of GME, huh?
Yeah, didn't think so.
You are asking people to write you a book that you won’t read anyway because others before now have already done all you ask, you just refuse to read it. I gave you the quick summary which you ignored, that’s your choice. There is “good info” like what Patrick Byrnes was talking about, you just don’t have any interest in reading it. That doesn’t make it not true. You choose to be ignorant and call everyone who has put in the time to read the research ignorant? Ok
I don't believe you.
And you write like a 10-year old.
You misunderstood (again, and not surprisingly).
I did not mean that I would not believe information ... IF you presented any (which you have not).
What I meant was ... I do not believe ... YOU.
I do not believe YOU have done ANY research of your own to reach your conclusions. I DO believe you are a pretender, who read what someone else wanted you to think, and you believed it because it sounded good. Just like all the Covidiots out there believing things that fraudsters are pushing.
I DO believe that is WHY you will not (because you cannot) provide me a summary of ANYTHING having to do with GME.
You don't REALLY understand it.
You can start with explaining the points I made about the ugly GME financials.
But you won't because you don't REALLY "do your DD."
That is why I challenged to you summarize. Because I don't believe you can.
And it seems that you have proven me right.
I don't short pump and dumps, which is what GME was a year ago. Too risky.
I occasionally buy them and see if I can make a little cheese. But see what that does to your blood pressure when you do that and then the exchange halts trading in the stock, and you don't know if it's going to re-open flat, up 10% or down 30%.
I saw GME last year and realized what a tricky situation it was. Back then, at least the story made some sense, based on financials and the massive short interest.
But that story has CHANGED. Financials are now dog shit, and the shorts have covered -- unless you want to believe a bullshit story about hiding the shorts in ETF naked shorts.
Again: WHY would anyone want to bail out GME (the BUSINESS, not the stock)?
You can't answer that because ... there is no answer.
You are the last to know, it seems.
The news just happens to pile on GME every chance it gets. If what you are saying was true, GME would be blockbuster video by now. There would be no mention of it as it would be irrelevant. Just look at all the negative GME articles still being pumped out every week.
You say shorts covered. They covered their margin requirements but never closed the position. Hedgies are praying we all sell but it ain’t happening. They are fucked and using every illegal trick just to survive another day.
Believe what you want, but if you use common sense you will see the same MSM that lies about everything political is lying about GME.
GME, DWAC, and spy/qqq puts are the only plays right now.
GME is also possibly a whitehat operation.
MMs have rehypothecated/shorted probably about 10x the float.
I have thought it’s odd how the GME saga has similarities to what’s taking place around politics/Q. It could potentially implode our financial system/Wall Street. It has exposed soooo much corruption around Big Banking, Wall Street, Federal Reserve, etc. I’ve never seen so many normies on Reddit be awakened. Even leftist morons can’t ignore it. Another similarity is the benign and coded messages that DFV and Ryan Cohen have put out over the last 1.5 years. Very cryptic, but also meanings to them it seems. DFVs meme and video quality along with the Easter egg/hints he put in some of his tweets was very good quality and likely time consuming to create. Not to mention Michael Burrys role in all of this.
The world appears it’s going to shit… but at the same time it definitely seems like something bigger is taking place that is causing the parasites to have light shined upon them and the scales removed from many normies eyes. Finance, Wall Street, US Dollar, Banking, Medical Freedom, Big Corporations, Military, Public Schools… a lot of corruption & evil being exposed.
That or is it all a black hat operation to identify all of the logical free thinkers that seek truth and are a danger to the Cabal? Similar to vax or no vax?
The fog of war is THICK and this movie blows!
The danger of awakening many just to identify them is much greater than trying to just take out whoever you know is already a problem. Too much is being exposed, coupled with the fact that we are still allowed to talk on here is big.
If patriots werent in control things would descend into mass disorder much quicker and in devastating ways. If you make things as bad as possible without structurally destroying the US much then enough will wake up. The problem is it might take longer than anyone here hoped for, and it might be harder on us during it too than we would want.
edit: have you seen the big short? I love Burrys part in that movie. Imagine how patient and frustrated that man must be. Hes like the Q of finances.
I have theory that these different aspects are to wake up different types of people. Some follow stocks and finance so GameStop etc to wake those up. Q to wake up those that follow politics, the vax crap to wake others about corrupt medical system, other things that seem to be imploding the MSM and Hollywood (Epstein and ghislaine, and even SaveBritney). Even Afghanistan debacle to discredit Biden and the “foreign policy” apparatus.
Tell me you're Jim Cramer without telling me you're Jim Cramer.
This
is a Wendy's, Sir.
Coke rat is back behind the dumpster then,raising funds for margin call I guess.
I could use a dave's double right now my dude. Yeh coke rat days are numbered. Cna't wait to see him in cuffs.
I would settle for him working the dumpster behind wen. I don't know how people listen to that clown,even before I bought stocks,I knew he was a clown.
Before i was awake to the financial media lies I thought he was funny, now i just feel sad for him and think he's a completely controlled fag
On what planet can you possibly disagree with catching hedgies and market makers actively manipulating a stock?
THEY TURNED THE "BUY" BUTTON OFF.
Now do a little more digging…
Nothing is black and white but Overstock (his company) was already attacked by shorters once and he almost fucked them up with crypto dividends.
.... about byrne
It has been VERY fascinating to go down the financial fraud rabbit hole. Thanks for sharing and I hope more people look into it!
Good point.
I also remember a story that Hank Paulson (CEO of GS who became Treasury Secretary under Bush, Jr.). He was part of the scam. When he became Treasury Sec, the word was that he had special legislation/regulation passed that allowed him to sell all his investments "for the good of the country, so he could be independent" and pay ZERO capital gains tax.
This is why it is so important to spend time in life learning, not being entertained. It's really sad how many people don't even know what a truth-in-lrnding statement is.
Blackrock is a criminal enterprise, run by a woke libtard.
The corrupt to the core financial media propagandists wants people to believe that the short hedge funds have closed their positions…. Yet everything the SHF do shows that they have not closed those positions, and in fact have doubled down and dramatically increased their shorts over the past year.
Do you know that a lot of hedge funds are ALWAYS short something?
The Long/Short hedge funds are ALWAYS long ABC stock and short XYZ stock, at the same time.
This is how the traders at Goldman and the other firms are taught "how it is done."
This is how they "hedge out" market risk.
So, having short positions doesn't really mean anything by itself. They also have long positions.
The real question has to do with naked shorting.
Fake stocks, fake money, fake market.
Why do we bother letting them defraud us.
$356,000,000 trade just yesterday -- in ONE SINGLE DAY.
How much in shorts do you think exists? SEC says 13% of the float, or about 10,000,000 shares.
Any short that wants out at this point could cover in a single day. Maybe a few days if there is a whale out there.
Even if there are hidden shorts, they can cover anytime they want.
Even if a hedge fund or three blows up over it, so what?
The naked short story made some sense a year ago.
Not so much now.
I understand. Some fuck face anon on Reddit is your god.
I get it. No thinking for you. Just follow the herd.
Really, I get it.
It's cool, bro.
2020$5.16 B
2021$5.87 B
YoY sales up 13.89%.
What liabilities do they possess that are going to magically bankrupt them, exactly? 3/4 bil leasing obligations? Cool. So do all retailers. They have a lot of money, and are making more year over year. They have closed 1000 stores in underperforming areas and have stockpiled inventory. They are leaner than ever and are working on reducing logistical overhead costs.
While that other person didn't specify the time table very well the stock price is up from
40.69$ on 2/18/21 to
119.00$ today 1/16/22.
So, the stock price is ~300% up from 11.5 months ago.
The stock was also 4.01$ 7/31/2020.
So, the stock price is up ~3000% from 18 months ago.
You aren't very well researched so you wouldn't know this- the price is in fact not real. It didn't hit 483 then 40 then 350 then 120 then 170 then 90 then 115 because of price discovery from retail trading for a dying brick and mortar. It likely has a billion synthetic shares shorted getting rolled over through FTDs and deep ITM calls among many shenanigans keeping the price down.
Saying what the price is in relation to the gamma squeeze that was turned off artificially by brokers/MMs last year is a small and inaccurate way of looking at the price over time.
They also have a chairman who built chewy from the ground up into billions of dollars and ate into amazon market share big time.
They also have brain drained the whole fucking market for 100s of top executives, program leaders, and coders to roll out all the awesome shit they are doing right now.
I haven't even gotten started on the fact that they are going to be foundational for NFTs, the metaverse, and blockchain technology.
In April 2021 they did their first share offer and raised $551 million In June 2021 they did the second and final share offering and raised $1.13 billion. The 1.681 billion they raised put them way net positive in terms of assets to debt/liabilities ratios.
Try to at least look at the facts or do some research before writing with such confidence. Embarrassing.
Hedgies r fukt
So, the problem is actually bigger than what you describe. There is no cap on how much you can short a stock. In other words, you can short more than the outstanding shares of a company. For example, if company A has 1,000,000 shares outstanding, the hedges can short 1,567,345 shares. There is no limit. With this approach, they can kill a stock. The only recourse is to buy and hold. Do not sell them back your shares.
Well, there ARE regulations against it.
In the video, Byrne talks about the SEC regulators "warning" Goldman Sachs to stop with all the created-out-of-nothing shares.
But "warnings" are all that has been done (so far).
Either a lot of people wake up to this, and something is done about it, or ... everyone learns the hard way.
Would not be surprised at all if this is part of the "Great Reset" criminal operation.
Point taken, however, regulators warning against and laws broken are two different things. I guess they can get fined, but I'm sure the fine is pennies compared to what they make doing this.
While I’m heavily in GME… I do agree that I can’t decide if this is a white hat operation to expose Wall Street and implode it for good… or if it’s a black hat operation to kick off the Great Reset.
In case it’s black hat, I am hedging my bet with guns, ammo, food, and water.
I would be careful about any financial advice from Patrick Byrne.
He had a long ongoing war since like 2004 against short sellers who were betting against his company. He said they were doing something nefarious and illegal called naked short selling which sounds like what your post refers too, but many other folks were saying he was going after regular short selling which is legal. If his company did very well, he would have crushed the shorts, but his company never really took off, it was promoted like another Amazon and it seems like he was blaming the short sellers for poor corporate performance. I think the SEC outlawed naked short selling in 2008 or strengthed their rules against it.
But, here's the thing I don't think he ever proved it. It's really hard as an outsider to tell if a claim of naked short selling is legit. A company executive make may this claim to explain why his stock is going down to cover the fact, the company has problems.
Byrne filed some lawsuits and then settled them years and years later without terms being disclosed. It went on for over a decade, I remember trying to follow this story as it happened and it was never clear if what he claimed was actually happening.
When he left his company and sold his stock he was accused of market manipulation
https://www.marketwatch.com/story/overstock-founder-tried-to-squeeze-short-sellers-then-sold-out-when-the-sec-cracked-down-2019-09-19
And legal short-selling can be a very good thing. If folks start to short a company that is a signal to other investors there may be problems at the company.....a big debt payment coming up, or their new product is going to be delayed or they can't pass regulatory issues, etc.
For example, bitcoin is down by like 33% over the last few months. If a few months ago, you had some information the price may go down, you might not have bought more or sold what you had.....Short selling is information like that.....but as with any investing, there's tons of information to process.
Accused of market manipulation? Haha. Of course he was. People here are quick to quote the very fake news articles they normally argue against politically because they haven’t yet made the connection that all MSM is lies.
Byrne tried taking on the hedge funds and market makers by calling them out on their synthetic shares. They had chosen to short his company and kill it likely due to it being Amazon competition. Byrne tried to make them close out their naked shorts by issuing a crypto dividend. Unfortunately, when you control everything in the market you also control judges and courts. He ultimately lost and the practice continues today. For now.
Game over. Nothing can stop what is coming. Game stop.
That makes sense, especially considering the Amazon/CIA connection.
The most interesting comment in this entire thread.
It's a good point. I do remember Byrne talking about the shorts, and he was specifically talking about the naked shorts, not shorting in general.
I am in favor of shorting, and do it myself. I agree with you that it helps make the markets more liquid. Especially these days, when futures and other derivatives play such a big role. Those would not exist at all if shorting were not allowed.
It is the NAKED short selling that is potentially a serious problem. That's what this thread is about. Byrne explains how it is done -- and does so in a way that I have not seen anyone else do before.
True, he does not give every possible "proof" that he could. But his presentation jives with what I know about how the system works, so I buy into it (unless you can show how he is wrong).
Didnt some secret service guy just start working at citadel securities this week too? Something spicy brewing! :)
Not even bringing up the “dark pool” or the unofficial even darker pools? Very smooth, I see
LOL.
You can always jump into the discussion.
I like it. Here are a couple of others:
https://www.thestreet.com/markets/gamestop-gme-marked-as-a-dead-cat-bounce-stock-12219007
https://m.benzinga.com/article/21321195?utm_referrer=https%3A%2F%2Fwww.google.com%2F&utm_source=https%3A%2F%2Fwww.google.com%2F
https://www.fxstreet.com/analysis/gold-gamestop-gme-stock-connection-its-an-emotions-game-202108251413
I remember the DD about this being way bigger than most think. That Citadel has been in cahoots with Bezos and Bain Capital (Romney’s outfit) and has naked shorted competitors for the last 2 decades into the ground or rather cellar in this case. Naked shorting is illegal because creates fake shares like described by OP. But with these past shorted bankrupted companies like Sears toys r us and others they shorted it but never closed their trades. They use this to not ever pay taxes either. If shares is worth close to zero they can keep on books as a short and they can collaterize for keeping their gains but never have to pay taxes on it. Theory is that it is similar to fencing stolen cars in that they naked short (illegal) these companies into the cellar close to zero stock price. These companies are bankrupted and Bain capital is used as the “chop shop” for liquidating the physical assets
um, no stock actually exists. They are all made up. They are not tangible, you can't hold them. While I've made good money off of stocks, I have always said that they are "air money". Not real. mind-boggling really
No stock exists when you buy and sell through brokers. When you buy directly through computershare or directly register the stock in your name it is removed from the DTCC and placed under your ownership.
That’s what this entire GME saga is about. The market makers/banks have manipulated the market for years by creating synthetic shares in the name of liquidity. Once the entire float of GME is DRS’d it will be interesting to see what happens to the millions of billions of synthetics they have created in order to drive the price down.
I’m afraid it will take retail ages to lock up the GME float with DRS. Only at 5million as of last quarter. Need BIG $$$ if we want to do that. And sadly it seems so far that BIG $$$ is concentrated to the greedy evil fucks known as the 0.1% class and they want don’t the game to end because it has and continues to enrich them.
I have more faith in a nuclear option from GameStop such as an NFT Dividend. It’s non-fungible and cannot be tied to anything else such as a currency match for a payout (like what happened when Overstock did a dividend to blow up the naked shorts). Tbh when I got in GME a year ago I really didn’t expect it to take this long… but here we are!
I know, but many overseas apes have been DRSing now. We can assume all of RCs and other insider shares are locked up away from the DTCC. We are making progress.
An NFT dividend would be great, but somehow I doubt GME wants to go this route due to the MSM how they would spin the market crash that would follow. All speculation, but an unassisted squeeze that outed the cabal for the evil they are would be much better for all of us.
Here’s to hoping. Tomorrow’s the day, right? 🙂
I believe the same thing. Just what is "the market" anyway?
Of course, you can hold stock certificates. I have some.
What do you think people did before computers?
But there ARE a lot of FAKE shares that do not actually exist.
That's what this thread is about.
The problem is: What if the guys in the Risk Department are being fooled? What if they are told there are 10,000,000 shares to lend of XYZ, but there really are none?
This happened with GME just a few weeks back. Fidelity suddenly showed 13 million shares available to short. They were quickly called out on it and said it was a mistake. Only 2 million shares should have been available. The price was driven down substantially.
Keep in mind this is coming from a stock that has only issued 75 million total shares and Fidelity routinely reports 8 or 9:1 buy/sell ratios. This just doesn’t add up. Apes have been holding for a year and DRSing shares for months now.
Liquidity is drying up. More and more fuckery is being used to keep it suppressed. They may eventually cheat it into nothing, but I have a feeling the Federal Reserve and cabal are going down this time.
I wonder which broker supplied Fidelity with the fake shares.
It was claimed Vanguard by one tiny MSM article that could not be substantiated. All brokers are shady. If you are using a broker that shut off the buy button last January then good luck. I don’t trust any of them though. DRS is the only way to assure they don’t sell off your positions in the name of market stability or shut off other buy/sell buttons when the shit goes down.
Yeah, that is the best explanation.
Add another one to the list to take down
Anyway we could shove it up their ass?
This is great information and good to get this out there. However you can't red pill people when you have easily verifiable false information in the first sentence
Goldman does not make 100% of their money from sec lending, not even close
https://www.investopedia.com/articles/markets/041315/how-goldman-sachs-makes-its-money.asp
This also underscores the evil that commit in so many other ways, see Greece for instance
https://www.google.com/amp/s/www.thenation.com/article/archive/goldmans-greek-gambit/tnamp/
100% of PROFITS, not revenue.
That is Patrick Byrne's claim.
Watch the video to understand why he makes that claim.
thanks for correcting me, i will
Knights Templar and the Illuminati. Joose