Anybody else still assuming that the the stock market and economy need to crash under Biden as part of the destruction of the deep state? Maybe I misunderstood that?
Anyway, if this country's economy and the stock market are supposed to be pieces of the precipice (which is a theory, not a fact), then they're not really playing their part.
But even as I type this, the commercial real estate bubble-popping moment is supposedly hitting the big banks hard, and it is it going to have a ripple effect soon.
Other black swan triggers?
The GameStop naked shorting saga is the primary trigger. And it doesn't involve just GameStop.
It looks like Carl Icahn is working with Ryan Cohen of GameStop and others including pulte. They are about to do a carve out of bed bath & beyond which is in bankruptcy proceedings right now. They will transform those holdings into their new company "Teddy" and most likely rebrand under GMErica"
It should be something along these lines: To massively shorted companies, bed bath & beyond, and GameStop, rebrand and change their stocker symbol under the new parent company causing a stock recall which forces shorts to close/cover. This cause margin calls throughout the industry taking out hedge funds and banks alike. A massive transfer of wealth. The biggest in history.
Instead of bailing out these institutions once again and allowing them to carry on we will see a replacement of the existing stock market system with tokenized securities meaning stocks will become NFTs which are just digital tokens ownership that can only be at one place at one time. This eliminates multiple types of fraud and improves the marketplace in a variety of ways as well as eliminates entire corrupt government institutions and private institutions involved. Imagine a fair and balanced market system where you can buy sell and trade stocks from your phone for a couple of cents per trade while having those stocks in your name instead of your broker's name and they can't be loaned out against your will to short your own position.
It's going to be glorious but in order to do this the entire existing system has to be burned down and the fire has already started.
Yup