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.
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
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