What do you think?? Almost seems too crazy, but we are also talking about America and the financial system in a collapsing empire... soo.
Edit: adding description in case you are just clicking through: the post is about a conspiracy theory concerning potential large-scale fraud (fraudulently created fake shares) at the highest levels of the financial system involved in the GME short situation, and presents evidence from an official filing that clearly shows the number of "fails-to-deliver"s for gamestop shares are an extreme outlier compared to other stocks
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If you understand fractional reserve banking, file naked short selling in the same part of your brain, since it's a similar mechanism.
A short seller borrows a stock to sell it, right? Except not really. They sell a contract to deliver a stock at the current price, and then they go looking for a stock to borrow. They have 3 days to deliver the stock they sold before it becomes a "failure to deliver", but there are various levels of fuckery they can use to increase that deadline.
If you think you can short sell enough to tank a stock, you can sell many more shares than actually exist on day 1, buy/borrow some of them on day 2 to fulfill some deliveries, and repeat again, shuffling between contracts as needed. Supply/demand is an actual thing that actually exists on the stock market (at least in the short-term, with options/limit orders/whatever), so artificially increasing the amount of stock available will drive the price down. The "conspiracy theory" part is that hedge funds coordinate these attacks, and buy the naked shorts from each other in order to make sure there are enough bids to meet all the asks, and then maybe they don't get too hung up on reporting failures to deliver. The goal is that the artificial, time-limited dip in stock price causes enough of a panic to keep the stock price low enough to unwind and cover all the shorts.
"Counterfeit stock" is kind of a value judgement by the guy in the OP and his sources, not any kind of legal thing. I'm not sure there are any actual laws against any of this outside of the conspiracy theory part.
This is the simplest part, and the part I can kind of understand, which is just "naked short selling." Apparently there is other related fuckery that does the same sort of thing on a longer-term basis.