Seriously though, this whole saga is going further and further into brain melting territory, truly fascinating to watch.
A system created by big money to benefit big money was taken over by big money?
:shocked-pikachu:
To be fair, every day is someone's first day of realizing capitalism is a cancer to the world.
Also, obviously lots of new blood to all of this information within the GME "community", and as a result still quite a bit of capitalist apologetics amongst the comments. But over the past couple months of watching, you can see that they are learning the balances of power that hold things as they are, and they are starting to connect the dots like we did however long ago that led us here.
Honestly, starting to wonder if there are leftists amongst the fray of some of the leaders of this "movement". Lots of language and structure that really makes me think.
I mean I don't think anyone is shorting the market overall more than the large financial institutions have in the past week.
Unless what you're saying is going completely over my head, in which case I can only blame myself - it just sounds like the bit that you just wrote applies much more to the politicians and ownership of the high financial institutions that profit each time the market corrects.
I mean are we really gonna go and say Michael Burry is the enemy and not the entirety of Wall Street AND the federal government who immediately pardoned them and covered it up? Again, not sure who you were mocking in your comment, could be totally off base lol
Yeah that's kinda been the lesson out of this whole thing for most people. It never ceases to amaze me how ludicrously feeble the foundation of this entire economic system is.
UPDATE: Actually found an interesting little statistically significant similarity between days in the chart and managed to get a trending post going. I've been adding as much anti-cap stuff into my comments as possible, gotta do my part lol
I was just coming here to post this. I’m sure everyone’s rolling their eyes and acting like they already understand it’s a fraud so there’s no point in understanding the specific minutiae of how this fraud has been going for so long but I seriously encourage everyone to check this out and try and understand what the implications of this are. IMO It raises some serious questions about the necessity of a block chain to manage any kind of more equitable and egalitarian currency. More importantly this sheds some light on the scope of what this next economic collapse will be like. And even more importantly, how the bourgeoisie will attempt to wriggle like worms away from the consequences of that, cash in hand, while the rest of us are left picking up the pieces. Again, I would encourage reading this post, as much as Reddit sucks. The scope and timescale of this fraud is breathtaking and it’s amazing what these nerds have been able to uncover.
thanks for saying that, i probably wouldn't have looked otherwise tbh
Every day that passes, I see more and more in the comment sections drifting down the path that I did years ago. Give them time, the people that educated us did, or at least in my case.
Seems that there is much more burn it down energy than I've ever seen in these circles. This stuff is pure gold for education. I'm telling everyone here, they are listening, and there is a lot of energy leftwards. Not all, but majority.
There are surprisingly many people that support A. Problem is a lot of them think it's because rich people have corrupted capitalism, instead of understanding that this is how the system is intended to work
I remember the "the rich corrupted capitalism, maybe it can be changed" phase. For myself, it was a transitionary stage of like a year or two from previously thinking things were basically fair enough (like many of these people started with, or they were already on the way over)
This was pretty mind-blowing. From what I understand—if you purchase a public "stock," you aren't actually doing that or owning anything, and neither is the broker who sold it to you. You're buying a derivative of a broker-owned derivative, which is derived from the actual stock that DTCC, a private company owned by Wall Street elites and firms, indefinitely owns, and has been legally enshrined to own (against the will of the companies from where the stock actually originates). Companies cannot pull their stock from it but they have the go through the DTCC if they want to be publicly traded, and the same group of people who own the DTCC are the same group of people doing naked short-selling and illegal short non-reporting and all kinds of stuff to transfer wealth from the companies to themselves. It's like hedge funds and financial institutes are a whole other level of parasite. They're doing it on both ends, from all directions. Which isn't news right—of course they're parasites. But the degree of how entrenched this system is not only for people and workers whose lives are affected by all this, but the companies themselves too...it's nuts
further thought edit --- and so when the massive domino train of margin calling starts (pressured by a mounting liquidity crisis, if I understand right?), the only people who can do anything to stop it are the same people who benefiting by passing the margin bag down the chain for the sake of their own profits
Yep, pretty much all that. At the beginning of this I joked about this being the thing that topples the economy (check my posting history lol). Now I really am starting to believe it.
As I said in my reddit thread, the Soviet Union may have disgracefully fallen at the hands of Pizza Hut, but the great US empire will fall at the hands of Gamestop and a bunch of redditors buying stocks while united in cosplaying the apes of Planet Of The Apes lore.
You truly can't make this shit up.
DTCC's company slogan is "securing today, shaping tomorrow" ....that's some Majestic12 Deus ex illuminati shit if I've ever heard it. The owners must be burnt at the stake at the hands of an angry mob
"I've found a 76 page pdf by two professors from Germany saying mostly the same as your post but in more detail: https://www.ilf-frankfurt.de/..."
SuperStonkers: So this must be that Frankfurt School I keep hearing people demonize.
There was this marvelous post that started with "this is not about politics, this is about class"
Here's some of the latest that I find interesting to come out:
https://www.reddit.com/r/Superstonk/comments/tz2ewg/bcg_is_a_terrorist_organization_disguised_as/
Essentially it seems that this whole crazy Gamestop thing has revealed several of the consultancies that maintain the imperial empire both globally and here in the states, financially. The tools of modern finance are slowly unmasking, and the public is becoming aware of some of the more base structures that modern imperialism operates within.
As many here know, the stock market is and always has been a sham and a tool for wealth extraction. They have gotten so frivolous and callous in cheating the game that they have too many schemes to maintain at the same time without discovery. So now the regulatory agencies are running cover while they attempt to find a solution and/or unload their overall market positions before a crash.
Anyone still following this whole thing? It's been a hell of a ride.
Definitely still here, zen mode. Watching a full year of psy-ops has been fun, good thing I went through the Chapo event so I was prepared to be basically booted off reddit (again).
Seems the party has moved to r/antiwork, how long before infiltration/ban?
Still think Gamestop is gonna break the economy, hoping January again lol
