Yeah, it's pretty confusing - and one would think there would be a push to make it much easier to understand with language that didn't make it so confusing. The cynic may say the language and wording is purposefully misleading/confusing.
In case anyone isn't clear on why there are so many problems in the U.S. - read the first line of the disclaimer.
Lol this is pretty good. It's a little confusing, though, and could use a little simplification, perhaps? Either way, I like it!
What a shame... yet comedy.
For anyone just kinda happening across this post and not sure what's being talked about, this is related to the stock market.
Basically, it's possible for large hedge funds to create and even sell "phantom" AKA counterfeit shares - and then when someone calls them on the fraud, they can just kinda say, "Whoops! Our bad! We're just going to reverse the whole deal and pretend it never happened. :)"
There's more in-depth info at this website here - which isn't very pretty or expensive/professional by any means, but is well-sourced and straight-forward.
I'm all about starting an AIG. I think that's, very likely, vital at this point. My guess is the board and executive team would welcome it.
I see you already have an answer. Another ~relevant answer would be "most of them."
No, the problem is not really "inflation."
Don't forget: this happened THIS year - largely spurred by Wall Street and CEO demand for profits, no matter the cost
The Most Splendid Housing Bubbles in America, December 2023 Update
They're organized - we should be, too. Time to form an AIG.
I really, really appreciate this post. Good stuff. It's one of those things what I had kinda felt or sorta knew, but couldn't or hadn't tried to articulate (did I really know, then? maybe not).
hey remember when the panama papers came out and revealed that all the rich people in the world are a part of enormous criminal conspiracy...?
If the bulls win, then GameStop continues to provide value to customers –– and potentially enters into emerging markets like NFTs (positive sum).
I think it could be effectively argued that it's far, far, far bigger and important than merely that.
On one hand we have truth, honesty, fairness, transparency, delight, and general good-will - the bulls.
On the other hand, well... the opposite of all those ideas/concepts - the bears.
Do the "good guys" always win? Well, no - not really. Nevertheless, the bulls really, really need to win at this point in time and history. The planet and all the people and other inhabitants on it, more so now than any other time in all of humankind - due to sheer population and power concentration and associated groupthink and associated incestuous ideation & leadership - need a sort of cataclysm and explosion of what the bulls represent.
Excellent post and education.
Could you break this down a little more ELI5?
Nevertheless, I think you're looking at a facet/dynamic/function/? of the issue and market that isn't often looked at - and brings with it some possible insight.
Wow, what a good cartoon. Hadn't seen that one before.
Can find the original source from here: https://www.youtube.com/watch?v=FID0BLkZXuY&t=34m18s
The interview took place about 4 months ago at George Washington's Mount Vernon complex (?) and is from their official YouTube channel.
Ken Griffin: "Markets are efficient because of active managers setting the prices of securities... trying to drive the value of companies towards where we think they should be valued"
These motherfuckers all throughout what we call "Wall Street" deserve to rot in prison. So fucking tired of this god damned bullshit.
They've destroyed countless fucking lives across the world, while fostering, encouraging, and perpetuating untold amounts of pain and suffering.
A network and regime such as "Wall Street" is most definitely not historically or contemporarily known to commit crimes. They defintiely aren't habitual offenders. No way.
/s just in case.
This makes it obvious.
For anyone who maybe didn't read through the entire post or understand everything:
If you buy shares through Computershare - those shares are NOT "DRSed" until you terminate DirectStock aka "Plan." See the source from the SEC here - go to the third to last bullet point under Direct Registration and read the last sentence there.
I don't think I've seen this before. Thanks for posting.
Lot of good info here.
How resolve the "phantom shares" menace aka fake f'ing shares
- Real fine$ for FTDs [NO "margin call" waivers at NSCC's whim]
- Mandatory Buy-In
- If Buy-In fails, raise offer$ until it closes
- Suspend & close accounts of brokers who FTD
- Create criminal law for BDs who harm #HouseholdInvestors
- Give power back to states @NASAA
Well put. I can relate and think you articulated the problem well. When it's all said and done, the greater "stock market" and Wall Street network is simply irrational, unreasonable, opaque, and illogical - largely by design and on purpose. The only way it becomes "rational" and "reasonable" and "logical" is when viewed through a lens of corruption and deception.
Keep up the good work. Very motivating and inspiring.
Ken Griffin lied
(if you don't have an X account, this is a silly photoshop of the GTA VI trailer with an airplane flying a banner that reads "KEN GRIFFIN LIED")
It's true, though, ya know. Ken Griffin did -- in mother fucking fact -- lie to Congress and the American and World people.
Nov. 20, 2023 Zambonin on GME || Here's How Much GameStop’s (GME) CEO Is Paid
Latest Zambonin article on GameStop || "GameStop Stock Reversal: Earnings Week Hype Takes Center Stage"
Corporate Voting Charade by B. Drummond || "... found evidence of overvoting—the submission of too many ballots—in all 341 cases."
"In a little-known quirk of Wall Street bookkeeping, when brokerages loan out a customer’s stock to short sellers and those traders sell the stock to someone else, both investors are often able to vote in corporate elections.
With the growth of short sales, which involve the resale of borrowed securities, stocks can be lent repeatedly, allowing three or four owners [or more] to cast votes based on holdings of the same shares.
The Hazlet, New Jersey–based Securities Transfer Association, a trade group for stock transfer agents, reviewed 341 shareholder votes in corporate contests in 2005. It found evidence of overvoting—the submission of too many ballots—in all 341 cases."
For the record, this article has been largely scrubbed from Bloomberg Markets' website, as well as the entire internet.
"...the vast majority of order flow can trade off of exchanges... price formation is not really reflective of what supply and demand is." -New York Stock Exchange (NYSE) President
The prices of so-called meme stocks may be distorted because the majority of trades in those names are executed away from public exchanges where share price formation occurs, the head of the New York Stock Exchange said on Wednesday.
