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

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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.

Slight disagree.

I have been about 50/50 with gold/silver. I was buying 2/1 gold with the recent ratio, but now that silver looks like it's gonna get funky, I bought some SLV with money laying around in Robinhood and a fair bit of physical today.

At what I paid, if it goes to some stupid amount and crashes and stabilizes at 50 or 30, I will still make out. If it drops below 27 again, I have confidence as a long term stacker I will be in the black even if it's 10 years from now. If it goes to a stupid high like 1000, I might consider selling anyway as that would be a bubble, but I would wonder if I would find a ready buyer.

That said most major dealers have froze selling. www.goldeneagle.com is still selling as I post this, and their cull 90% is still barely over spot https://www.goldeneaglecoin.com/buy-silver/90-silver-us-coins/other-90-silver-coins. Washington Quarters are not bad either. If you want to get in, get in now before the markets open this evening.
 
They pretend not to understand and shit on people, because they NEED the stock to drop...
35% on 13 billion, compounded DAILY, is FUCKING CRAZY.

The interest alone pays for a lot of politicians. And financial journies...
Reddit and /biz/ are killing their donor base.
Is it literally 35% per day or a 35% per year interest rate compounded daily? At 35% per year, even compounded daily they could hold on for a few weeks and not be that much further in the hole.
 
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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.

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I saw this earlier but wasn't sure cause it was coming from less than reputable sources, but I just checked ampex and is it true. Doesn't necessarily mean a silver squeeze, just remember when there were rumors of AMC, BBW, and NOK were also going to squeezed and they all shot up for a bit. It could easily be because people are trying to get in on the next big thing and people preparing for possible future economic troubles.
 
Rackets is a sperg and a grifter but at least he's honest about his biases and doesn't condescend obnoxiously. Legal Eagle is a shill mouthpiece that adopts the veneer of legal expertise to parrot NPC party propaganda. The many flaws in his 'arguements' are obvious to a layman, and the tone of his videos is disgustingly pretentious.

His only reason for living is to give his fellow NPCs a 'kewl legal expert' to reinforce the programming.
And people will continue to eat up Legal Eagle's bullshit because he's trendy and because he's "lol so funny". He's a greedy piece of shit with a severe case of Unwarranted Self-Importance like most e-celebs who only knows how to manipulate for those in charge. A true blue stereotype of a lawyer.

And speaking of manipulation... 10 years ago Occupy Wall Street happened and it made the fat cats shit themselves so hard that they turned the movement against itself and then dedicated the next decade to pandering to the left to show them that major companies are their "friends" dedicated to the BBQ cause and fighting against bigots, transforming the left into an IDpol tribe of consoomers in the process who no longer gave a shit about the middle class worker or the poor and now worship companies they used to criticize instead since 2012.

Now here we are again 10 years later with another Wall Street drama, but this time with chaotic shitposters and /biz/-tier redditards accused of being rightwing terrorists (when most of them are just average schmuck with no criminal history afawk) who finally managed to figure out how to get one over on this corrupt system to the point where bankers are now crying in public and some are even being crazy enough to suggest that only the rich be allowed to get richer while the poor wallow under their feet for the "safety of our economy". Question is, once Monday rolls along and things inevitably get more chaotic, will the companies try and shift their narrative once again to pander to their "new enemy" and pit them against themselves as they did 10 years ago? Because if that's the case, I have to wonder how the masses will respond to the sudden political, social and economic shift (if such a thing were too happen)? All I can hope for is that nobody backs down and they keep holding this until the bankers, hedgies and the rest of the corporate clowns decide to take the big jump... in Minecraft.

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)
/biz/ just keeps proving that it doesn't deserve to exist anymore. If its not shilling scam coins, its either making up bullshit or making some crappy new wojak/pepe variation that no one will use outside the board.
 
Is it literally 35% per day or a 35% per year interest rate compounded daily? Even compounded daily they could hold on for a few weeks and not be that much further in the hole.
From how I understand it, each day they hold the shares past the agreed upon date, they must pay an additional fee to continue holding onto the borrowed shares.
 
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Goddammit, what the hell have they been up to at CERN lately?

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Not paying your mortgage can still potentially affect your credit score, albeit with an asterisk for the coof.
FUCK CREDIT SCORE. ITS JUST A WAY TO KEEP YOU IN LINE WITH THE REST OF THE SHEEP.

DO YOU WANT TO SURRENDER YOUR ECONOMIC FREEDOM TO WALLSTREET AND BANKERS?

WAKE THE FUCK UP. FUCK CREDIT SCORE. FUCK SOCIAL CREDIT.
 
Whatever shenanigans happen to silver, it would be best if they happened on a Thursday. There's historical precedent. Silver Thursday (March 27, 1980)


The Hunt brothers had invested heavily in futures contracts through several brokers, including the brokerage firm Bache Halsey Stuart Shields, later Prudential-Bache Securities and Prudential Securities. When the price of silver dropped below their minimum margin requirement, they were issued a margin call for $100 million. The Hunts were unable to meet the margin call, and, with the brothers facing a potential $1.7 billion loss, the ensuing panic was felt in the financial markets in general, as well as commodities and futures. Many government officials feared that if the Hunts were unable to meet their debts, some large Wall Street brokerage firms and banks might collapse.[2]


To save the situation, a consortium of US banks provided a $1.1 billion line of credit to the brothers which allowed them to pay Bache which, in turn, survived the ordeal. The U.S. Securities and Exchange Commission (SEC) later launched an investigation into the Hunt brothers, who had failed to disclose that they in fact held a 6.5% stake in Bache.[3]

History doesn't repeat, but it often rhymes. Or something.

edit: Lamar Hunt is the guy who came up with the name "Super Bowl," of all things.
 
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Did Wallstreet get caught counterfeiting stocks -- and thus, money? (A)

More stock is shorted by just a few funds than exist in GME. That's not including the stock WSB has bought up and the stock that other funds own. There's apparently a term for this -- counterfeit stock. And yes, it's illegal... but what if it's also widespread?

I've posted that M1 chart before, it's my understanding that that's how much raw currency is in the American financial system. But another one that was posted a while back is the M2 number, which if I understand it right is how much money Wallstreet claims to have. And that number has also gone through the roof since 2008. Which only makes really makes sense if something fucky is going on. Like say, a systemic tendency to just make shit up like claiming to short with stock that doesn't actually exist.

Edit: Ah, @JohnDoe is ahead of me.
 
Very few allow people to buy stocks with credit because of the situations mentioned in the thread.

The equivalent is basically a margin account, which is like a loan from the bank. You buy the stock and pay an interest rate on it. The rate I got from Fidelity is around 4%, but I still didn't open one yet since I have a ton of credit card debt right now. I don't want more fucking debt, especially on a risk. But its like credit (IE: taking a loan for money you don't have, except in this case the loan might pay off, in which the bank makes money too). Or you can get fucked and they do a 'Margin Call', which is basically "Pay us the fuck now or we're selling everything you have." (This is where the movie "Margin Call" gets its name. When the housing bubble of 2008 burst, a lot of these funds were playing around with pretend money. And then when the calls came due, they desperately sold everything to save their organizations, even though it technically had no value. This is why in the movie Kevin Spacey basically says that their careers would be ruined, because they basically sold total dogshit to people who trusted them before the bubble was well known. Which is why they had to sell, and sell fast.).

So, buying on margin is a good way to up your gains, but if you don't have a fucking clue you can easily over-leverage yourself because you are literally playing with pretend money and you're nowhere near rich enough to play with other people's money without consequence.

Also, just for fun, nearly every stock account is probably a margin account. So most of this money floating around is pretend (except when it crashes or you attain losses, it gets quite real then). Its why the money printing machine goes 'BRRRRRRRRRRRRRRRR'. But not for you filthy fucking plebs. Our financial institutions contribute uh....something....to our society by basically being degenerate gamblers. Yeah, uh, something like that.
 
Very few allow people to buy stocks with credit because of the situations mentioned in the thread.

The equivalent is basically a margin account, which is like a loan from the bank. You buy the stock and pay an interest rate on it. The rate I got from Fidelity is around 4%, but I still didn't open one yet since I have a ton of credit card debt right now. I don't want more fucking debt, especially on a risk. But its like credit (IE: taking a loan for money you don't have, except in this case the loan might pay off, in which the bank makes money too). Or you can get fucked and they do a 'Margin Call', which is basically "Pay us the fuck now or we're selling everything you have." (This is where the movie "Margin Call" gets its name. When the housing bubble of 2008 burst, a lot of these funds were playing around with pretend money. And then when the calls came due, they desperately sold everything, even though it technically had no value. This is why in the movie Kevin Spacey basically says that their careers would be ruined, because they basically sold total dogshit to people who trusted them before the bubble was well known. Which is why they had to sell, and sell fast.).

So, buying on margin is a good way to up your gains, but if you don't have a fucking clue you can easily over-leverage yourself because you are literally playing with pretend money and you're nowhere near rich enough to play with other people's money without consequence.
Yeah, but RH had most people on margin, though in a way that was mostly transparent and they took on all the risk. That's why they had to take out billions in loans and shut down buying.
 
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Yeah, but RH had most people on margin, though in a way that was mostly transparent and they took on all the risk. That's why they had to take out billions in loans and shut down buying.
Yeah, that's why I quick edited my post to say unless you lose money on margin.
 
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.
All these stonks not related to GME's short is proof that weaponized autism has its limitations. It is only right once in a blue moon (HWNDU, GameStopGate). Most of the time it leads to shit like QAnon or the Boogaloo Boys, in which normies pick it up and gayify it.
 
Now here we are again 10 years later with another Wall Street drama, but this time with chaotic shitposters and /biz/-tier redditards accused of being rightwing terrorists (when most of them are just average schmuck with no criminal history afawk) who finally managed to figure out how to get one over on this corrupt system to the point where bankers are now crying in public and some are even being crazy enough to suggest that only the rich be allowed to get richer while the poor wallow under their feet for the "safety of our economy". Question is, once Monday rolls along and things inevitably get more chaotic, will the companies try and shift their narrative once again to pander to their "new enemy" and pit them against themselves as they did 10 years ago? Because if that's the case, I have to wonder how the masses will respond to the sudden political, social and economic shift (if such a thing were too happen)?
I don't see how they could. Pre-OWS, Corporate America's political messaging was mostly centrist with a vague milquetoast conservative flavoring, outside of some industries like oil and gas which were more culturally conservative, or Silicon Valley which tended libertarian.

They went in hard on baizuo idpol, and now they've installed the poster children for that ideology in the White House. If they tried to swing to some variety of right-wing populism and coopt its culture to support neoliberalism the way they did with the left, they would instantly lose most of their extremely online left-wing puppets and turn them into bitter enemies. It would go against the mythology of the Democrats, who they've just helped gain control of the government, making it hard for them to politically coordinate.

Thing is, SJWism was always going to have a short shelf life because it's fated to eat itself over who's the most oppressed, and even the group that manages to become king of the mountain will get dejected when they realize that the coveted super-victim status doesn't actually make their lives better. Look at the shift from POC to BIPOC, the discussions of "brown privilege" and "Asian privilege" during BLM and the social justice thought leaders who are untouchable one day and then canceled the next.

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SJWs have been activated to create a narrative against the short squeezers, but they're woefully unsuited for that purpose. Saying people are "Nazi incel chuds" for buying GameStop stock is absurd, it's a case of how when your only tool is a hammer every problem looks like a nail. If this leads to an economic collapse, which is looking increasingly likely, and the woke are screaming about pronouns and microaggressions while millions of people lose their homes during a pandemic, their ideas will become irrelevant overnight.

The pivot to idpol for Corporate America was kind of like the GME 140% short: an ill-considered investment by "masters of the universe" who are looking more foolish by the day. It worked great in the short term but in the long term it ended up locking them into a path to disaster.
 
Interesting, but possibly totally retarded idea that might be right. We are all in Clown World now, who knows what it real anymore.



If the short was more than just a cocky over leverage it might explain why the Hedgies are so desperate to resolve it ASAP. Not just to cover monetary losses, but to prevent a scheme like this stock counterfeiting from being revealed to the public. The system being so convoluted and all-digital makes it the perfect scenario to generate fake stocks and use them to make more fake money.

I could see it happening, but I'm not a big stockfag.
That counterfeiting stock site is laid out like a schizo blog but holy fuck does it make a compelling case.
(archive)
 
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