I understand the idea that there is a massive short on GME, and that it will (eventually) cause an even-more-massive 'short squeeze', sending prices 'to the moon'.
What I don't understand is how that translates into an actual financial benefit to (real) shareholders - because of two 'holes' that I see (as an amateur).
The 'near infinite' nature of the debt seems to allow for two scenarios that may be 'the first of their kind'.
First - What's to stop the 'big guys' from simply 'erasing' the transactions that say they have a short position? If they 'own' the markets, can't they (in a big enough emergency) simply scrub the books? (Of course I know this would be 'illegal', but what's to stop it from happening?)
Second - If the loss to any one entity is large enough, what's to stop them from simply declaring bankruptcy (or some similar 'out')? How would you 'recover funds' from an entity that is no longer in operation (and/or doesn't have the 'infinite assets' that would be required to cover the new 'to the moon' price)?
I seem to recall seeing here st GAW that there is some insurance for shareholders. The amount that stuck with me is $500,000 per share.
I would have read this a while back, so it may not be 100% accurate. It should be close in concept at least.
GC
I'm an amateur too. Here's my take...
First question -- nothing, but how will the difference between what the brokers keep in records vs. the DTCC be reconciled? It will just prove the DTCC is not doing their job which will give Gamestop legal reason to remove their shares from the DTCC. If the brokers also fudge their books, then they would also be willfully doing something illegal against their customers.
Second question -- I believer the lenders of last resort goes something like hedge funds, underwriting banks, DTCC, then the Fed. Might not be totally accurate, but the concept is that at the end of the day, the Fed will be on the hook once everything fails.
My hope for the ultimate end game is decentralized finance and the end of the federal reserve (and hopefully, central banks globally) and maybe replaced by a rules based currency that keeps the purchasing power of 1 unit stable with no inflation and no deflation.
Of course, moon-tickets will be nice to have and I still expect them!
Thanks to the split, I now have over 50 tendie coupons that I expect to redeem. I'll eventually sell what I have in TDA but keep everything in Computershare.
If the Fed is on the hook, could that be why they printed so much money out of thin air recently? Do they know it’s inevitable?
🤯
MENE, MENE, TEKEL, UPHARSIN
⚡⚡⚡
The Fed is a major asset/liability of the privately owned "western/central banking system".
The BRICS system is marginalising them and will ultimately destroy them.
They know this and are acting accordingly.
If they go bankrupt the DTCC has to cover.
And if the DTCC can't cover, then the fed has to cover.
This is when 'Cyber Polygon' coincidentally goes into effect.
Remember when Q said, "Gold shall destroy FED"?
You are chasing a ghost.
It's okay hedgie, you can learn how to code.
You said, "And if the DTCC can't cover, then the fed has to cover."
According to your own words, your whole plan relies on the FED paying you off. The FED is about to be destroyed. Do you not see the huge flaw in your logic?
The BRICS nations are about to release a new global reserve currency backed by commodities [GOLD]. Gold shall destroy FED!!!!!!! Wake up, brother.
You are trying to get rich. You are blinded by greed. :(
what I and maybe them are trying to do is, load the F up on fiat.. then buy a shit ton of gold with it.
Don't forget that you are dealing with criminals in a system that they created.
And how is the fed gonna be destroyed?
https://greatawakening.win/p/15IqxUS5lV/most-people-do-not-seem-to-under/
They are being hurt every day,weather we win or not. I also buy silver to hurt the banks.
Don't realy care if I make money or not,I'm fighting back the only way I can.
Owning stock in a good company with good values is valuable even without a squeeze. It’s a safe place to store wealth during massive economic upheaval. Don’t get me wrong, I am not putting all my savings in one basket but it’s a good choice as one hedge against a crash.
we are overwhelming the system. every share gone is another they have to fake. the float has been locked for over a year, but if they can't borrow against it, the system breaks. 51% more to lock.
Kenny mayoboi, I want my fucking tendies. Hedgies r fukt.
White Hats - the fact there is pattern representing big upside wave (forming since Nov 2021) is telling me they are in control over markets. It is inevitable. I think they would do some fuckery if they could.
greeneggsnham answer pretty much
ad 1) Look at
a) ETHUSD daily chart 26th June 2019 to 20 July 2020
b) AMC 2nd September 2020 to 22nd Jan 2021
c) There are mooore of them, you just need to look, happy winning :)
And compare with GME daily 23rd Nov 2021 until now chart. Can you see it? It´s base of the BIIIG wave (variations exists).
WTF does any of that gibberish mean?
See folks ... this is the kind of bullshit I have been talking about here. There are some GME touts who push nonsense. Don't know if this poster just cut and paste from somewhere else or made it up himself, but it is nonsense.
WTF are you talking about? Since NOV 2021, the market has been in a BEAR market. No "big upside wave." Having said that, I do see a bullish move that started a few days ago. Whether that is nothing more than a rally within a bigger bear market, or if it is the end of the bear, time will tell. But there is no upside pattern since NOV 2021. It is just the opposite, in fact.
"Mooore" of what exactly? More bullshit? You didn't say a damn thing that can even be discussed. Just gibberish.
This is the type of bullshit that comes out of the GME touts on Reddit.
Base of the wave. You didn´t look and didn´t compare two charts.
Mooore of those patterns. Even gold monthly chart years 96 to 2002.
LOL.
Gibberish.
Interesting.. you didn´t even take time to look and you call it gibberish. I could see dumping oil into negative or gold moves 5 months ago. Here
https://greatawakening.win/p/141ra5EusT/x/c/4OUf88M2Ac7
and here 3 months ago
https://greatawakening.win/p/15HIFP0HTx/x/c/4OVycIMi7Bo
you want to have the supply when the demand comes.
bad part
sec can lock the trade and pull all kinds of shenanigans to help out the hedgies and banks
The transfer agent has a record of all shareholders hence the big push for DRS. The closer we get to having all the shares; the more important it becomes for everyone to keep records of their shares in brokerage accounts.
if they did try to scrub the books, we should have ample evidence and win a massive settlement. Q said something about class action lawsuits for a reason :)
Yes…print your document statements…of your stock purchases…and the recent split shares..
And keep printing…documented PROOF …to sue them if they try to erase your stocks
Answer 1. Nothing, other than Jail Time with Massive fines...
Answer 2. Every one of the money Houses has Owners, and if the Money Houses can't pay, Won't Pay, or go tits up, then the Owners have to pay after liquidation of Money House Assets...
and they Don't want to be on the hook for ALL of the debt....
But, All the Money Houses also have Huge Backers, like Soros, Rothschilds, Gates, etc....
So the LIST of people on the hook for all the Shorts, is a Long List of Big Money....
Your question shows critical thinking. It actually brings up how bad can things get. I just retired and have an old pension based on a foundation that is shaky to say the best. Your are asking who makes whom whole when the system is so corrupt. extrapolating to pension. the pension is guaranteed by the PBGC. What happens when multiple large pensions fail? I don't think my 100 shares of GME will save me in a bigger collapse!
flag says Apr 2023 before something. I am hoping earlier
The answer for both is the same, there are counter parties that secure the risk. Once the dominoes start to fall the unwinding will be automated. I believe resetting the financial system is part of the overall plan (not much of a plan of not). How better to redistribute wealth than avoiding picking winners and losers amongst the people?
Patrick Byrne explains it very well in this video:
https://www.youtube.com/watch?v=I0WXg5T3cBE
Edit to add - for entire hour long presentation --> https://www.youtube.com/watch?v=nLnw2_q5iMk
What happens when the dollar hyperinflates and the global economy collapses?
We learn to fend for ourselves.
And all these guys left holding the GME bag will wish they had hoarded physical Gold and Silver while they could.
lol yup, luckily I'm invested in all 3 :-) (PS Buying more gold and silver today, maybe even a few GME )
Pushing 1,700 oz and 800 shares of gme......
If the left doesn't get them the right will.
This is the way. :)
Good investors diversify. I agree Gold and Silver are greatly suppressed just like GME. I keep my eye on a gold and silver mine operation in Nevada. HYMC
AMC is invested into it as well. At the hint the lid is lifted I'll buy 5-10,000 shares without batting an eye.
Physical Gold and Silver in your own possession is critical for a SHTF scenario. Everything else is a gamble when the FED collapses. IMO.
If you have a place to store it securely. If at a bank it's the same conundrum. But yes owning the real thing is that of treasures in the history of man. It's God's "money".
It is a gamble,but we are at war,it's a nessary risk.
survive or die.
OP, the short answer is the stock touts on Reddit (some of whom might also be posting here) are full of shit.
There WAS a massive short interest, back in January 2021. At that time, it was more than 100% of the float short (134% is what I remember seeing). But that is no longer the case. Today, it is about 21% short, which is considered high but not in any way a danger of a short squeeze. The number of days to cover is only about 4, which is nothing to the big boys.
https://shortsqueeze.com/?symbol=gme&submit=Short+Quote%E2%84%A2
The massive short happend in early 2021. It is over. Notice, it got to the price of $480 per share (which would be $120 today, post-split), but did NOT get to the price of $Moon.
GME is a company in trouble, financially. I don't know who is behind the Reddit bullshit, but they sure did come in handy when GME almost went bankrupt a year ago (the big short squeeze allowed the price to go high enough, that the company was able to do a secondary offering to get cash, which saved their ass).
The shorts were right, and the longs did put them into a squeeze, but only because the shorts were committing the crime of naked shorting. They got away with it, too.
Today, the hope and prayer of the longs is that the company's NFT strategy plays out and/or there is some super-secret shorts that are "not being reported to the SEC."
Although I would not put anything past the same people who criminally naked short, I see no solid evidence that this is really happening. Looks more like stock touts circle jerking, possibly for profits (the volatility makes it a good stock for short-term trading for some people who trade those types of stocks).
Nothing. They don't really have to erase, so much, as to simply buy and sell inside of a prime broker, and ultimately unwind their positions. Remember, it is not the shorts (let's say hedge funds are the shorts) who are committing the crimes. They don't really know if the shares they short are legal or illegal nakeds.
It is the prime brokers (such as Goldman Sachs and others) who create the fake shares that they lend out to the shorts (hedge funds, mostly).
It is, therefore, the prime brokers who would have to do the unwind -- which is what I suspect happened in 2021.
But that particular danger is no longer there, IMO. If it is, they will just do the same this time around.
I don't know exactly which entity you refer to, whether GME, a short hedge fund, or a prime broker.
If GME declared bankruptcy, which they were almost forced to a year ago, then that would be a BIG WIN for the shorts, because they would effectively never have to cover, and they would just keep the cash from their short.
If a hedge fund was insolvent, they would have to liquidate and close the fund, returning what remains to the investors. If there was a massive hidden short position, the risk would fall to the prime brokers, not the hedge funds.
If the prime brokers really do have a large, hidden short, then you can bet they unwind a bit every now and then when the stock price falls (like it is doing today). But I don't believe they do. If push came to shove, they would likely be betting on inventing a cover story to get the Federal Reserve and/or US government to bail them out.
Most people don't know that Goldman Sachs WAS an investment banker, but during the 2008 financial scam, they became an official bank, too, which means they can DIRECTLY borrow from the Federal Reserve. And since the same people benefit both from the fraud of naked short lending by the prime brokers and the fraud of money created from nothing by the private Federal Reserve Bank, it would be VERY difficult to rock their world by shorting (or buying) a small company like GME.
This is, IMO, why the fraudulent stock touts have had to come up with a creative story that pushes emotional buttons to push their story.
They have a lot of accusations, but no real substance to their claims.
GME is going down today, along with a general market sell off. The key will be what happens over the next few weeks. A lot of people believe that a stock split automatically makes the price of a stock go up.
Not true. The hard lessons will have to be learned, individually. I earned my fuck ups in the market, and other people will, too.
You are wrong. Space Force is in it. https://greatawakening.win/p/142BTCB4Iz/march-madness-big-week-coming-qs/c/
They are going to create juggernauts - GME, DWAC and others. Bankrupting or restructuring Twitter, FB, Amazon..
LOLS. Did Kenny pay you directly for that?
Might be Kenny mayo boi himself.
I respectfully disagree. I bought 200 shares right before the market opened and so far I'm disappointed the Wall Street swindlers didn't push the shares lower so I can buy many more because I know Game Stop is the largest of it's type in the world and very liquid.
You can't listen to fake news because Game Stop is like showing the cross to Dracula.
Also didn't Q mention GME many times?
The Wall Street criminals are the same people as the banking criminals are the same people as the Election fraud criminals.
Where they fall one they fall all.
Be with team Q and team GME.
Get yourself a couple of shares and you'll thank us. 👍🇺🇲
Weren't you here shilling options,for the hedge funds last June?
How did that work out for you?
Nice FUD there, hedgie.