The government will absolutely not be a neutral arbiter. Again, you have no idea what you are talking about.
The options for federal government intervention are one of:
The Fed opening a swap line to cover Hedge Fund losses, which will hyper-inflate the price of GME.
The US government forcible seizing peoples' assets and handing them to Hedge Funds to cover short positions.
If you think either of these options can occur without extraordinary consequences for the financial system, you are deranged. US finance capital is already on thin fucking ice around the world between their use & abuse of the SWIFT system, and the dumping of USD into international markets. 2020 had the fastest rate of de-dollarization the world. The action necessary to cover this crisis will be the greatest accelerant so far to de-dollarization.
Yeah everything has extraordinary consequences for the financial system, best case scenario they might throw a body out the door and then make whole whoever needs it, excluding retail investors.
Because that’s their function under capitalism, to preserve property relations through the market
If you are talking about the bourgeois class, not some magically they you making up, then this is a miscategorization. The bourgeoisie don't "preserve property relations through the market." They use the market to turn commodities into money, which gets reinvested into capital.
The bourgeoisie do not have magical control of the market. It is anarchistic in nature and sows the seeds of its own destruction, as we are seeing right now.
I mentioned above the possible moves the State has. Again, the market is anarchistic in nature and sows the seeds of its own destruction. The State can intervene, but it cannot resolve the contradictions of Capitalism.
If you are a social democrat and believe the State can manage the contradictions of Capitalism, then we have fundamentally different understandings of the world.
I never said it couldn't do that, but this is small ball so what kind of insane gamer revolt collapse fantasy are you harboring? Sounds like you are a spontaneity fetishist.
This isn't a mass movement. This isn't "spontaneity."
Again, it's clear you do not know what you are talking about if you think a financial crisis has anything to do with "spontaneity."
We are talking about a financial crisis. The fact that there's the masses are involved in the crisis does not make it a product of "spontaneity." It's a product of the anarchistic nature of the market. A market which allowed short sellers to buy 122% more shorts than there are shares in existence.
We are in the early phase of this crisis. After the intervention today, short sellers managed to clear up 5% their position while retail traders were barred from the market. However, several platforms have caved and re-instituted GME trading. The restriction only holds on RH still.
I'm begging you, read literally anything about the ideology you claim to represent.
They can. If they do, their brokerage is liable for their debts, then their brokerage's bank, hen their brokerage's bank's bank, etc, etc. This might become the next housing crisis if it keeps bubbling up.
Although, the housing crisis involved collapsed housing prices due to subprime loans. This crisis involves GME stocks inflating due to extraordinary short options that have been put on the company. Unlike 2008, there is no limit on the losses that can occur here.
So ridiculous. It'll pretty much confirm my suspicion I've been in a coma since 2012 and all of it has been a weird dream since then. That, or my first DMT trip never actually ended.
The government will absolutely not be a neutral arbiter. Again, you have no idea what you are talking about.
The options for federal government intervention are one of:
If you think either of these options can occur without extraordinary consequences for the financial system, you are deranged. US finance capital is already on thin fucking ice around the world between their use & abuse of the SWIFT system, and the dumping of USD into international markets. 2020 had the fastest rate of de-dollarization the world. The action necessary to cover this crisis will be the greatest accelerant so far to de-dollarization.
No investigation, no right to speak.
Yeah everything has extraordinary consequences for the financial system, best case scenario they might throw a body out the door and then make whole whoever needs it, excluding retail investors.
I don't know you keep responding.
I'm talking about material reality. You keep responding as if they are going to cast a magical spell to make all this go away.
Because that's their function under capitalism, to preserve property relations through the market. Did you forget about that material reality?
If you are talking about the bourgeois class, not some magically they you making up, then this is a miscategorization. The bourgeoisie don't "preserve property relations through the market." They use the market to turn commodities into money, which gets reinvested into capital.
The bourgeoisie do not have magical control of the market. It is anarchistic in nature and sows the seeds of its own destruction, as we are seeing right now.
I'm done responding. You are horribly ignorant.
The state, bucko, that works for the capital class
I mentioned above the possible moves the State has. Again, the market is anarchistic in nature and sows the seeds of its own destruction. The State can intervene, but it cannot resolve the contradictions of Capitalism.
Ok gamer, they only do this every 1.5 decades
If you are a social democrat and believe the State can manage the contradictions of Capitalism, then we have fundamentally different understandings of the world.
Well I'm a socialist and not a Rosa Killer so I absolutely have a different fundamental understanding of the world.
If you think State intervention can resolve the inherent contradictions of Capitalism, then you are literally a social democrat.
Again, in reality, you are just ignorant and talking about shit you do not understand.
I never said it couldn't do that, but this is small ball so what kind of insane gamer revolt collapse fantasy are you harboring? Sounds like you are a spontaneity fetishist.
This isn't a mass movement. This isn't "spontaneity."
Again, it's clear you do not know what you are talking about if you think a financial crisis has anything to do with "spontaneity."
We are talking about a financial crisis. The fact that there's the masses are involved in the crisis does not make it a product of "spontaneity." It's a product of the anarchistic nature of the market. A market which allowed short sellers to buy 122% more shorts than there are shares in existence.
We are in the early phase of this crisis. After the intervention today, short sellers managed to clear up 5% their position while retail traders were barred from the market. However, several platforms have caved and re-instituted GME trading. The restriction only holds on RH still.
I'm begging you, read literally anything about the ideology you claim to represent.
Did you SNIFF forget the material reality SNIFF of magic?! :frothingfash:
Did you forget to sniff my piss and shit?
:pigpoop:
🌽
History books in 2060 talking about the great game-stop collapse of 2021
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They can. If they do, their brokerage is liable for their debts, then their brokerage's bank, hen their brokerage's bank's bank, etc, etc. This might become the next housing crisis if it keeps bubbling up.
Although, the housing crisis involved collapsed housing prices due to subprime loans. This crisis involves GME stocks inflating due to extraordinary short options that have been put on the company. Unlike 2008, there is no limit on the losses that can occur here.
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So ridiculous. It'll pretty much confirm my suspicion I've been in a coma since 2012 and all of it has been a weird dream since then. That, or my first DMT trip never actually ended.
:sicko-yes: