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[–] [deleted] • 0 pt

Is this effectively a possible "Great Reset"?

[–] [deleted] • 0 pt

I'd be lying if I said the thought hadn't crossed my mind. No matter how much money these guys make, it wont matter once the dollar collapses. Personally, I am looking more towards precious metals at the moment.

[–] • 0 pt

so short investment banks hoping they'll go bankruppt?

puts, calls, shorts, floats.

i understsnd quantum physics more than this shit.

[–] [deleted] • 0 pt (edited )

My understanding, and I am kind of with you on this subject, is that the hedge funds kind of have a backup insurance type thing going with the banks. If the hedge funds can't pay back their shorts then the backer bank will have to cover. The Wall Street Bets guys are trying to take more than just the hedge fund guys down. They want the banks to collapse too. They ultimately want to crash the federal reserve. Again, I don't know much on this topic. That is just what I gathered.

[–] • 0 pt (edited )

See and I thought it was just screwing over one investment firm.

But if all these banks are covering the loans it could be a big deal.

I just don't think the couple billion is really that much compared to the trillions in the total stock market.

I guess that's where the infinite stock comes in. Since they've signed up to sell 3x more stock than there is there is no max price.

Just think the independent investor greed will come in and people will start selling.

[–] [deleted] • 0 pt

I saw earlier that Biden* is also trying to push a $1.2 trillion covid relief to banks.

[–] [deleted] • 0 pt

Do you have a link to the original post, where I can copy/paste the text into a response, so that it can actually be read without zooming in and out and panning around on an image?

[–] • 0 pt

Help me understand, please.

If the shorts accounted for 140% of the available stock then there is no way for the shorting hedge funds to ever purchase enough stock to repay their debt because there is not 140% of GME stock available?

I don't really understand this.

[–] • 1 pt

Right that's theoretically why the up is infinite.

But this is also how selling loans works.

The government said banks can loan out $100 for every $10 they have cash in hand.

So banks start making dumby accounts in other backs by depositing $10 in each new account. Which those banks could now loan $100 on. Which they in tern deposited in other banks.

Going out 10x. So your initial $10 in a savings account had propogaded out into $1 million in loans. And everything but that initial $10 is just imaginary money.

This is what's happening with gamestop. Investor promised to buy the stock for say a penny. Even took out a loan to do so.

Then investor floated that stock. Saying "I'm gonna sell this stock to you for 2 pennies.". Well now that stock is a dollar. And you are going to the investor saying "where's my 2 cent stock"

Now the investor is trying to go to wallstreetbets and other independent investors say ",please sir may I have some stock"

WSB "nope"

I'll give ya $0.50?

Nope

A dollar?

Nope. We are holding.

So the price goes to the moon. The way game consoles go to the moon before Xmas. Everyone wants nobody is selling.

[–] • 0 pt

Thank you for taking the time to clarify. I appreciate it.

I am still however struggling on how they would ever be able to repay a short on more than 100% of stock.

They could, theoretically, buy every single unit of GME stock that exists (and their is a finite number) and still need to pay back 40% MORE than that. Right?

I've got to be mildly retarded for not understanding this. I'm sure it's something obvious I'm missing. But I can't seem to grasp it.

[–] • 1 pt

I imagine something will get shut down and the investors will default on the loan.

Or

Gamestop will just issue more stock

Or

Investor will find some stock to buy and sell it to you. Then immediately offer to buy it back from you at a higher price. Just so the investor can turn around and sell that stock to someone else.

Repeat until the stock has changed all the necessary hands. Making it seem legal even when it wasn't.

[–] [deleted] • 1 pt

Curious, why did you thank him but not upvote any of his comments?