/r/wsb autists taking on a wallstreet hedgefund. Elon musk involved as always / wallstreetbets / gamestop - Gamergate 2: financial boogaloo

[Kane Lives]

That seems really short sighted for a government with 50 year plans and no term limits. WTF is their endgame?

From what I understand, their interference across the globe has caused massive destabilization (e.g. Canadian housing market) - if their economy has a foundation of sand, why are they trying to make massive waves in western economies?

I'm not so sure about the 50 year plan thing. I know people like to push the meme that the Chinese are some long-term chessmasters, but they're just as falliable as any to short-term thinking. I only need to present Mao Zedong and his Cultural Revolution as the exact counterpoint. It took Deng and subsequent leaders some decades to even repair the damage that madman caused.

Also remember that Chinese policy, much like the Soviet counterpart, is largely determined by their own Politburo/Inner Council/<insert the equivalent>. The moment that Politburo change is when you see the Chinese shift policies yet again. It just seems unnaturally long-term because unlike the goldfish mentality of Western democracies, they can afford to implement long-term plans without needing to worry about optics or shit like that.

 

[Socrates]

Tell you what. Pick a company who makes profit via debt.

Credit card companies, college loans, mortgages, ect.

Find one that really vunerable.
One that can be shuttered.

Do that and Ill contribute 100 dollars to the cause.

I mean what else is debt besides shorting via different means?

Take discover. Their bussineses is betting people will pay them back.

What if everyone didnt?

Even better. What if everyone bought discover stock with a discover credit card to do a squeeze?

Beat them over their head with their own money.

If done right the company will collapse then discover can be bought out for a very low price.

What this will do is give the people access to a huge line of credit to buy up more stock. Maybe even gain control of the market.

Pretty much 99% of brokerages won't let you fund your account via credit card. There are several brokerage endorsed cards that will allow you to deposit cashback rewards directly into your account tho.

Can You Buy Stocks With A Credit Card? -

We all know you can use credit cards for a variety of purchases but have you ever wondered if you can buy stocks with credit cards?

www.johnnyjet.com

This link has a list of institutions that offer such a card.

I wish I knew stocks and stock law because, from my little understanding perspective, would be the time to make a crowd sourced investment group of internet investors with a mission of attacking predatory investors and saving liked businesses

The second you started organizing in a way that wasn't ad hoc forum posts making suggestions is when the gov would drop the hammer on you as hard as possible.

 

[FAQnews Correspondent]

That seems really short sighted for a government with 50 year plans and no term limits. WTF is their endgame?

From what I understand, their interference across the globe has caused massive destabilization (e.g. Canadian housing market) - if their economy has a foundation of sand, why are they trying to make massive waves in western economies?

Governments like China's always try to put a strong front for weak internals. These might be straight Potemkin Villages Cities.

 

[Niggermancer]

They cannot stop a flood. Like I said I dont know much about this stuff. The idea based on my understanding. If Im wrong let me know

If a flood does this then good luck getting government agencies to stop it. Trying to get 10000s or more people clanked up will burn up their resources and cause them pain too.

It would be the financial version of a riot.

Well, as a poster above stated, you can't generally buy stock with a credit card. Furthermore, taking over a company and crashing it while you're the controlling interest just sort of damages you and not the financial system as a whole. I'd assume that due to the fucked up way all these institutions are incestuous with each other, there would be vultures circling to buy up debts pennies on the dollar to collect. Imagine if Mastercard could buy up all of Discover's legitimate (in this case, non-hostile users) for a few cents, when those normies still owe a couple thousand.

 

[Bloody bunny]

Mainly because this is a unique situation. This isn't just buying STONKS and making the price go up. This is possible with GME only because not only was it shorted- but because they shorted over 100% of what they borrowed to begin with. Trying this with other stocks isn't going to work the same way. You'd need Discover or whatever FOTM hated company to be shorted an absurd amount before you could apply a squeeze to them. As for using Discover cards to squeeze Discover- it has avenues to generate capital while they work with government agencies to either garnish your wages, or come up with some way to get money back in to Discover's hands to cover what you owe them.

So basically though financial jujitsu a bunch of regards beat the wall street cocksuckers.awesome possum.

 

[Hackallier]

It seems like /r/wsb might have figured out why silver is being shilled hard.

r/wallstreetbets - CITADEL IS THE 5TH LARGEST OWNER OF SLV, IT'S IMPERATIVE WE DO NOT "SQUEEZE" IT. THESE ARE HEDGE FUNDS BOTS SPAMMING AWARDS

0 votes and 545 comments so far on Reddit

www.reddit.com

 

[DeadFish]

Well, as a poster above stated, you can't generally buy stock with a credit card. Furthermore, taking over a company and crashing it while you're the controlling interest just sort of damages you and not the financial system as a whole. I'd assume that due to the fucked up way all these institutions are incestuous with each other, there would be vultures circling to buy up debts pennies on the dollar to collect. Imagine if Mastercard could buy up all of Discover's legitimate (in this case, non-hostile users) for a few cents, when those normies still owe a couple thousand.

Ok so you cant buy stock and such directly with credit card.

Wouldnt mortgages, credit card debt, college loans and the like still be considered a short?

Its basically betting the person will pay.

If people did a game stock move on a credit card company and those who owe all refuse to pay?

That would cause something right?

Edit: that woukd be considered manipulation I guess.

How about this?

Due to the lock downs of last year and the inflation coming cause of over printing of money then wouldnt that mean people wont be able to pay their debts in the near future?

Cause a debt is betting the future ecomony will be strong enough so people can borrow and pay. Doing a game stock on a credit card company is betting the future ecomony will be terrible and people wont be able to pay.

Would that work?

 

[Niggermancer]

Ok so you cant buy stock and such directly with credit card.

Wouldnt mortgages, credit card debt, college loans and the like still be considered a short?

Its basically betting the person will pay.

If people did a game stock move on a credit card company and those who owe all refuse to pay?

That would cause something right?

If somehow you could convince almost everyone to do so, I suppose it would. It'd be akin to the housing crash or something close. However just like that crash, not only would that sector be large enough the feds would bail it out, the debts wouldn't go poof- they'd just be shuffled around. Also, to define a short for you; A short in stocks is where one institution borrows shares, then sells them at x price, with the agreement to return those shares at a later date, hoping the price is lower, so they can pocket the difference. A mortgage isn't a short. There's no date where the bank assumes you're giving the house back. Rather you're paying for a physical object with an agreed on price over time, plus interest on the loan of money.

 

[Orange Rhymer]

That seems really short sighted for a government with 50 year plans and no term limits. WTF is their endgame?

From what I understand, their interference across the globe has caused massive destabilization (e.g. Canadian housing market) - if their economy has a foundation of sand, why are they trying to make massive waves in western economies?

My opinion:
Destabilize Western real estate markets in order to 'buy low'. Then, when their economy LITERALLY collapses (lol, check out the buildings in the video), they have real estate with actual value.

Seems like the chinks are REALLY into real estate - considering their entire economy is based upon it. Modern US capitalism was more-or-less based upon stocks, and shares in market sectors. Chang prefers to invest in real estate.
China has an actual stock market that follows the rise/fall of abandoned buildings/property and their perceived value. The difference? Chang can buy our real estate and stocks with no problems. The Chinese markets are closed/HEAVILY restricted to foreigners.

 

[DeadFish]

If somehow you could convince almost everyone to do so, I suppose it would. It'd be akin to the housing crash or something close. However just like that crash, not only would that sector be large enough the feds would bail it out, the debts wouldn't go poof- they'd just be shuffled around. Also, to define a short for you; A short in stocks is where one institution borrows shares, then sells them at x price, with the agreement to return those shares at a later date, hoping the price is lower, so they can pocket the difference. A mortgage isn't a short. There's no date where the bank assumes you're giving the house back. Rather you're paying for a physical object with an agreed on price over time, plus interest on the loan of money.

yeah I made an edit soon as you replied.

A debt is a bet the future ecomony will be bright.

Due to covid lock downs and money printer going brrr it might be a good idea to bet that the ecomony is going to be bad. So that means people wont be able to pay their debts.

So some form of play can be made here.

 

[Socrates]

Ok so you cant buy stock and such directly with credit card.

Wouldnt mortgages, credit card debt, college loans and the like still be considered a short?

Its basically betting the person will pay.

If people did a game stock move on a credit card company and those who owe all refuse to pay?

Thats would cause something right?

variable interest revolving and fixed interest installment loans are nothing like a short. That's a normal investment. What would happen in your hypothetical is a bunch of normal people having their credit scores ruined and the other people that participated in pumping the company stock mostly losing their money once the big holders cashed out.

 

[Niggermancer]

See above. It's not going to work the way you want it to- remember that the money printer is also tossing money into the hands of the institutions you want to mess with.

 

[Hellbound Hellhound]

The only reason there is any controversy about this is because it's ordinary people on Reddit doing it for a change instead of the typical millionaires and billionaires who patronize Wall Street and the City of London. The media generally turns a blind eye to the downright parasitic ways the world's major financial centers extract cash from the global economy while providing little to no tangible value in return, and politically speaking, it's barely on the public's radar.

If the scandal generated from this helps to draw attention to the ignoble excesses of the financial sector, and the ridiculous excuses used to justify them, then it will have been worth it in my view. Still, I'm not expecting much to come of it.

 

[Orange Rhymer]

Tried telling you retards this. You guys are being played. This is why GME is the only play. Even people here won’t listen, they’ll ignore all the data and think that because they can get in at a cheaper entry with NOK, AMC, and KOSS that it’s worth pushing in the same breathe as GME. Lmao, human greed is incredible.

Hmmm.
I'm not jumping on the conspiracy wagon. I think metals are a good investment - because we may be entering a 'Bear Cycle'. The markets will soon swell with investors dumping stock and rushing to safe investments.
However, I personally dislike Silver. Why? There are literal mountains of silver in Mexico. As soon as the price reaches a breaking point, armies of Mexican miners will send it to the bottom. Just my opinion, though.

I like Gold.
I saw a video @1 year ago stating that there are 3x-10x the amount of gold contracts in the market now, than the available amount of gold worldwide.
That essentially means gold is shorted by an ENORMOUS amount. An amount that make $GME look reasonable. There are other reasons as well. Gold is fucked with as much/more than the 'synthetic mortgage derivatives' that destroyed the economy more than 12 years ago (and we never recovered).

I'm not a broker or finance person. I will buy: Mutuals I like, raw stocks I value, some (VERY LITTLE) cash and bonds, Gold, and Bitcoin.
My Opinion.

 

[Prj4MW8iPT3vmFM2rzDc]

Looks like flashgitz put together a quick one

300 GameStop GameStonks

The brave GME laden wallstreetbets 300 spartans hold their GameStop GameStonks firm against the Melvin Capital and Citadel Hedge-Fund.Patreon ►https://www.pa...

www.youtube.com

 

[LemmeSee]

It seems like /r/wsb might have figured out why silver is being shilled hard.

r/wallstreetbets - CITADEL IS THE 5TH LARGEST OWNER OF SLV, IT'S IMPERATIVE WE DO NOT "SQUEEZE" IT. THESE ARE HEDGE FUNDS BOTS SPAMMING AWARDS

0 votes and 545 comments so far on Reddit

www.reddit.com

View attachment 1885472

They own silver futures, I think, rather than actual silver. If people buy physical silver, which what is getting shilled, things get a bit more complicated.
Thread where the /biz/ schizos try to justify themselves (archive)

 

[Meat Target]

STOP PAYING MORTGAGE.

SERIOUSLY. THIS IS THE BEST TIME TO DO IT. THEY CANT EVEN FORECLOSE ON YOU EVEN IF THEY WANTED TO.

TELL YOUR MOM AND DADDY.

Not paying your mortgage can still potentially affect your credit score, albeit with an asterisk for the coof.

 

[DeadFish]

See above. It's not going to work the way you want it to- remember that the money printer is also tossing money into the hands of the institutions you want to mess with.

Like I said my understanding is very limited. You seem to know more. My idea is based on the expectation the ecomony and currency will soon become complete dog shit.

Wouldnt the goverment printing more money to bail out the institutions still wreck them? More supply of money means its going become worthless quicker and more severe.

So wont that fuck them anyways?

 

[LaxerBRO]

I've been trying to work out wtf is going on with silver at the moment. What I'm getting is that all the supply of silver is drying up and there are naked contracts floating around.
I'm not sure if some people are trying to pull a pump-and-dump scam or is the situation actually serious.

https://twitter.com/QTRResearch/status/1355898843485724673

View attachment 1885354
View attachment 1885372
View attachment 1885384

Bought silver when it was at $17/oz and wondering if I should sell. Not hurting for cash or anything but I might make some nice gains.

 

[Niggermancer]

Like I said my understanding is very limited. You seem to know more. My idea is based on the expectation the ecomony and currency will soon become complete dog shit.

Wouldnt the goverment printing more money to bail out the institutions still wreck them? More supply of money means its going become worthless quicker and more severe.

So wont that fuck them anyways?

I'm just a retard on the internet. They'd still have far more of the dollar than the average joe does. If you have an absurd amount of money, does bread going to 50 dollars a loaf actually bother you? Over the guy trying to grab that mystical 15$/hour min wage job?