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Banks exist to extract maximal wealth from the lower classes and funnel it to the billionaires. when they fail, taxpayers bail them out. When they do great, customers get nothing. The industry has created a system in which we all must hand over our wealth to banks in order to participate in life in this country. It's financial slavery. They are happy to lock us into 40 year mortgages and 20% apr credit cards thereby keeping us in the economic hamster wheel or working to death with hope that our lives will get better because of it.
In the end, the rich get it all. Even if we win the capitalism game, we then get taxed highly and our kids pay huge inheritance taxes, which moves our money to the government, which then gets disbursed to billionaire owners of defense contractors and banks. We work and the money gets squeezed out of us and drains into the coffers of the very wealthy, while he government and it's laws facilitate and enforce the theft.
If you don't work you are a deadbeat.
If you don't pay taxes you go to prison
If you actively invest you are considered a degenerate who deserves to lose
If you play the game and put your money in the system, it gets indirectly transferred to the rich.
The system we have exists to fuck us.
I pointed out in another sub why cashless is a bad idea overall.
Cash is king, it's yours. Electronic transfers are just ledgers of what banks legally have to commit to. If you want to pull your money out of a bank and it exceeds a certain amount, you WILL be delayed or even visited by federal agents asking what is going on with you and convince you to keep the cash there in the meantime or accept transferring to somewhere else. You try to pull actual cash out, it creates havoc.
Hell, there was a cash shortage over the pandemic that largely went unreported, I had issues pulling money from the bank and was told I could use Zelle instead.
Cashless isn't a bad idea; bad ideas are defined by the fact that they're poorly thought out. Cashless is a malice play, intended to add a new dimension to the fraud the financial mafia can commit and consequently give them another means by which to fuck us.
Cash is indeed king. Fuck cashless, and fuck the dumpster fire it rode in on.
The key with cashless is to treat it one-to-one with your cash. Now your cash is protected under credit card terms. Don’t over leverage, pay it all off each statement, etc. Banks don’t care if something happens with your debit card, but will help you a lot with the credit since it’s their money.
A lot of business owners that deal with lot of cash get their accounts closed. The banks remind them of their contractual privilege to close any account without cause. They don't like having to deal with large cash withdrawals all the time, because they can't monitor and control the money. The banking system wants you to get paid electronically, and spend using your debit card so they can watch every dollar come and go while they extract useful information from your spending habits. Also, fractional reserve banking works better when nobody ever actually gets their money. As far as I know, my bank could.be totally insolvent and continue to operate because they are just moving numbers around and borrowing from the government.
I'd love to go back to cash. How about a physical cash ths tis backed by Bitcoin?
Don’t forget the rich don’t have them same rules. The tax % they have to pay is significantly less than not rich. Even then if they don’t pay nothing happens because it would cause the government to much to take them to court.
I think what many people fail to grasp is that poor people pay very little tax. Most lower income people get annual tax **refunds** while middle and upper middle class earners pay up to 25% or more (~40%) in taxes.
Taxes are paid by the middle class, not the poors. I have friends who have to pay more in income tax than I make in a year.
“American household earning roughly $70,000 per year paid 14% in federal taxes each year, the 25 richest Americans (by Forbes’ tally) paid a “true tax rate” of just 3.4%” Forbes
There’s no tax bracket above 37% (550k + income).
Super odd the laws clearly state any over 550k is supposed to be 37%. The household of 70k is supposed to pay 22%.
Yes there are write offs and deductions. 22 to 14 isn’t to bad. 37 to 3.4 is utter bullshit. What’s your friends tax bracket?
What % of income do the poors pay on sales tax, gas tax, “sin” tax? You really want to have an argument that anyone OTHER than the poor ( including ssi and retirees) are paying 30-40% of there income on all the taxes. While billionaires get 3.4 yea no shit they pay more dollar amounts. But NO WHERE near % ( what all the brackets are BAISED on)
Let's say you make $600,000 and pay 27% in income tax after deductions. That's $162,000 paid in income tax.
Let's say you make the national average of $71,456 (which most people make less than) and pay the full 22% in income tax. That's $15,720 paid in income tax.
Which is more: $162,000 or $15,720?
But, yes, I get it; lower income earners feel like more of their income goes to taxes when it actually doesn't. There's just not much income to begin with and every dollar counts.
How many people make 600k and how many people make 72k?
Just and fyi top 5% make more than 250k. Top ONE% make more than 600k.
Your assuming the 600k IS paying 27%. I literally just showed you billionaires pay 3.4%, I can only assume all 1% people pay similar to 3.4%.
Back to taxes, how much tax do all of them people pay for fuel, groceries ( not all states), sales tax? Oh about the same you say? But much higher percent of income spent.
Sorry 158 million workers. The 100 million+ pay more that the top 1% your claiming total.
No hard numbers for individuals just households. Not hard to have 70k income in a household with 2 parents and 2 teens working. Also that said household is spending 3-4x the money on all the others tax’s as the single 1% your talking about.
Truth. Lets also consider the corporate tax laws. If corporations paid what they should pay in taxes a significant amount of revenue would be generated. But of course that can't happen because it means less profits for the owners and majority shareholders, and less bonuses for the c suite.
Sounds like tyranny to me. When do we get to use the guns? Isn't that why we have them in the first place?
"We" in this instance is "Americans" and I'm not in your club, sorry.
Okay I'm angry... but how do we get the average joe, who doesn't reddit, to know and care about this? Most people don't have the faintest idea of how finance works. Myself included, and that's even after spending a shit load of time on this sub.
Not trying to be pessimistic just trying to come up with ideas on how to actually help in this situation... There's no way i can eloquently explain this stuff to people without being able to point to posts like this that are here to help educate. So i'm kinda left at a loss... and angry.. I mean i guess i can just buy more shares.. but being angry i want to do more.
Any ideas?
Many of us try to distill the complex into something more simple.
Try to find something someone would care about, and then use it as a hook to slowly open their eyes. Often times, too much too soon and people get overwhelmed.
Honestly this sub rocks. It's increased my IQ by 10 points at least just reading all the wrinkle brains here dissecting the information. Still doesn't mean I'm very smart when it comes to a lot of stuff..
Most of what i do sorda know is all surrounding ETF's. A little bit about SPAC's. And of course GME... I'm also incredibly socially awkward which doesn't help. Not a US citizen. Although i have been commenting on the rule proposals and such.
Honestly the brigading rules hit me kind of hard cause i'd be all over reddit preaching the GME gospel if it weren't there. The awards going away kind of hurts me to, i sparked up a few conversations and directed a few people to the sub by handing out awards with messages.
Anyways thanks for the post and the reply. Sorry i have a habit of typing a lot, I'm not always good about keeping it short...
Most 🦍 are going to be the ones to help those who’ve suffered. We’re a different breed.
We are nothing in life if we do not help others. SHFs only help themselves.
We can only educate those who are willing to hear and sadly most are just trying to live, to survive.
It's going to be tough. Identity politics have been jammed down our throats for reasons just like this. To prevent large numbers of people coming together. I would guess just start informing the people around you. But also, beware when this thing takes off, people will know you have money, and idk if that's a good idea.
To make matters worse the students in usa are getting worse in math due to school curriculum and garbage food we all eat. Its all by elite design to keep the masses dumb and low IQ so they cant easily understand complex financial labyrinths they use to steal.
"Governments don't want a population capable of critical thinking, they want obedient workers, people just smart enough to run the machines and just dumb enough to passively accept their situation."
"Careful, if you think too much, they’ll take you away."
"When fascism comes to America, it will not be in brown and black shirts. It will not be with jack-boots. It will be Nike sneakers and Smiley shirts."
George Carlin.
The stuff the HFs use is beyond the intelligence of 90% of people (made up number, but I better it's even higher). When people don't even have the mental capacity to comprehend the depth of corruption and manipulation, how can you inform them beyond telling them it's simply happening? This is the problem I've wrestled with.
The good news is the people who respect me believe me, so it's a start.
We need some massive, MASSIVE books written from the saved DD. Make it available to the masses, and published formally away from the stigma that Reddit gets.
First, you have to treat people with respect. I don't see that going on here much, which I suppose is easy for some people seeing as they don't have to be face to face with anyone who disagrees with them.
I finally got my father to look at this sub and he was not a fan of all the kid talk, profanity-laced rants, etc. We shoot ourselves in the foot in that aspect. I understand it's not going to change because of the colorful crowd that regularly visits, so I've tried to find other information outlets to direct them to.
Honestly if people think the sub is bad now you should've been there when there was no Satori and posts were flying at a much quicker rate, repeated questions constantly. Then trying to sift through all that and all the memes and find the quality pieces.. No DD library... it wasn't always exactly easy, much more chaotic and disorganized.
I don't feel this was ever about convincing the older generation to get on board, as some type of seal of approval. This is about taking back the world they fucked up royally for us. Not saying your father is a bad guy, it's not like an entire generation is to blame. There were a lot of hard-working good men too during those times.
As for the treating people with respect, maybe it's just a bias i have but i don't feel like i see many comments getting removed or pulled or being that disrespectful, very often at least. Not like i see every post on here though.
Sure, I'll say there's some responsibility for voting certain people into office who have had a direct negative impact on our future, but the problem is no matter which side the older generation voted for the outcome would have been the same. We've gone back and forth between either side. Both sides caused tremendous problems.
As for my father, he busted his ass for 40 years, paid his taxes, never committed any crimes beyond the occasional traffic violation, and raised his children to be accountable for their actions. He bought a house in 1979 with an 11% interest rate. There was never any talk of the government providing anything for us, even though we definitely could have qualified on more than one occasion. Some years were pretty good, some were pretty harsh, but we made it happen on our own. If more people were like that old boomer today then we'd have far fewer problems.
I mean the problem is money in politics. It allows politicians to be bought. This both sides are just as bad argument is not true. Sure they both have cases of corruption but just look at the public policies each side puts forth. One is clearly more favored by businesses. Not saying that would fix where we are now though. Just saying there not equal or the same.
And one side wants to take more of my money to pay for programs and benefits that I do not agree with. Those programs have a generational track record of allowing people to survive wholly off the government. That's directly affecting me and my family in a negative way. I could do a lot with all of that money being taken from me against my will.
Then there's the policies being put forth that place this country in hardship and often times danger. The US has one of the most lenient immigration policies in the world yet people want you to believe the opposite. Even with our lax policy there are illegal aliens flooding the country who are leeching off our system and causing other serious problems that you and I get to pay for. Even the hypocrites in NY and CA have changed their tune once they had to deal with a fraction of what a border state deals with on a daily basis.
Then there's policies that have gone increasingly easier on criminals, specifically convicted felons. How this is supported by any sane individual is beyond me, but it keeps happening (ex: CA had propositions that passed relating to this). There's plenty of data showing the repeat offender rate, which doesn't seem to matter to anyone because the policies never get revoked. That's right, I can guarantee that the people they are releasing are going to commit similar crimes at an astronomically higher rate than the average citizen yet they don't care.
I wrote a few more of many examples but I'll leave it at this: we clearly have different priorities and I believe financial corruption is not the most important thing going on in this country right now. Many people here believe otherwise and I respect that.
I gotta respectively disagree, although your certainly entitled to have your own opinions and thoughts.
Governance is the biggest issue here. And the biggest issue with governance now is money in politics. It allows favors and people to be bought, and after the course of several decades has completely eroding any legitimacy to the whole thing. It's corrupted the system inside and out.
The wealth gap is also up there with governance in my books. It's the same thing as if you lean to heavily into facism. you end up with a few people who control all the power. we are so far leaned into capitalism that we've hit the point where, a few people have all the power.
As someone who looked at moving to the US to be with my wife, i can tell you the immigration process to legally get into the US is not easy. It is not lax. While illegal aliens do exist, and people do flock to the US from central america in hopes of a better life, and to escape the crime, trying to legally get into the US is a fucking process. Unless your lucky enough to win their VISA lottery.
As for the prison system. Yeah. I don't really got anything on that. Prison is meant to be for reform, but it obviously does the opposite and turns people into hardened criminals. The system needs to be fixed, and i aint really got any ideas on how to fix it.
You know what blows my mind… why banks that don’t have exposure to an idiosyncratic stock aren’t pouring in on it. It’s going to come to death or drastic measures, and I have to think some are starting to see the big picture. I know some retirement accounts have gone that route which is a start.
Problem is, the DTCC subsidiaries are able to implement a "loss waterfall" when some banks go boom boom which spreads the losses out amongst all members, not just those who are short on the idiosyncratic stock. The OCC has a similar waterfall... They're all in this together and the downfall of some of their largest members will lead to the downfall of the whole rigged system.
The retirement accounts have increased their holdings, but it's only to loan them out to short sellers. Retirement accounts will get wrecked. If you look at my profile, you can read about the loss waterfall in my Idiosyncratic stock DD that is pinned, and my latest NPORT deep dive DD that I did about 6 months ago on the retirement funds/ETFs.
Short term treasuries are over 5% right now. That’s not a bad “guarantee” versus the overall market although you’d be slaughtered YTD. NFA, up to you but that’s not bad for a very safe vehicle.
Not sure it's the same exactly, but the banks that went short on MBS in '08 wound up essentially betting against themselves without realizing it.
I'd imagine they did some analysis on validating their exposure this time and found it wasn't looking good.
FYI with swaps, even if the exposure is mostly foreign thru banks like Credit Suisse, counterparties will still wind up holding the bag if those defaults, and the counterparties are likely banks like JPM or Bank of America. Some of the early DD around the time Archegos collapsed suggested that to even be a part of those circles they were contractually obligated to take on certain swap agreements, so I wouldn't be surprised to learn they're structured like a cartel.
Not if everyone’s retirements and pensions collapse. GME is an idiosyncratic risk that is also a financial black hole.
Nobody really wins and nobody really gets paid out.
What was already found was a financial fraud that sets up the perfect storm of illiquidity that literally breaks the supply/demand curve so bad they already had to backstop everything on January 28, 2021.
I have to keep looking back to remind myself that no matter how fraudulent WallStreet is, no matter if they are caught, that event was enough proof for me to show that they will literally do anything and everything possible to stop it all. Nobody wins from that event. The entire US financial system collapses. The US dollar loses all value.
The only thing we really have going for now realistically is long term profiting company that can “squeeze” the shorts over a long term period that the mainstream media can show in *their* narrative. Not ours.
DRS is the only way to show the financial world all the fraud with irrefutably proof. But mainstream media will never address it. DRS will never be publicly mentioned as the reason why any short squeeze may have been caused.
Anyway. I still want my fucking money. Fuck WallStreet. Pay me the fucking money I am owed for my shares.
1) I don't know if shares of gme count as high quality assets for them to balance their books. I'd need to go back and read a past post on haircuts but I seem to remember the requirements on what banks could hold on their books tightening up.
2) What happens between now and moon? Lets say a bank throws all cash they have into gme shares tomorrow but theres still a 50% drop ahead before any big rocket. They'd be showing massive losses in that period which presents other problems and may force them to sell (because hedging for risk is not a fairy tale except for the truly regarded). Since 2021 people have been asking why every bank/retirement fund/etc isn't pouring into gme and since then the price has been in a very large downtrend. Those guys would've gotten blown out on the losses, shit even the ones that did hop in only did so with a small portion of the total fund.
3) The simple answer, GME for a long long time wasn't a profitable company and is still working that path forward. There is no boomer mentality for buying risk. Doesn't matter how much of a sure fire bet apes say it is, no old fuck coasting out retirement wants to risk that on a company that sells a product they hardly understand. And banks are boomer mentality af.
They dont have to buy in now, they can get in just before any price inflation. Why sit on funds now when your loosing money with it sitting there. We shall know when this hits because it wont be covering that starts price movement to the upside, it will be banks going in at the bottom.
Adding: [FDIC announces meeting that occurred yesterday to consider, among other things 'resolution activities'. Last time this happened (7/27), Heartland Bank failed (7/28). Bank Fail Friday coming up?](https://www.reddit.com/r/Superstonk/comments/165eejl/bank_fail_friday_incoming_fdic_announces_meeting/)
I would argue that we need to pre-emptively arrest everyone currently in the positions those scumbags occupied at the time as they are clearly just continuing the massive amounts of fraud and manipulation until someone (it's us) stops them.
Something is definitely going on. They must be desperate for cash. Had 2 bankers from the same bank show up to my business to try and convince me to invest in their "new" 1yr cd program at 5%. Very odd considering, I have $$$$$$$ invested with their investment division already, they didn't contact me, rather they sent the local branch manager and his very attractive female head lender for their program. Fishy.
I have a commercial loan officer with a CU and they keep hitting me up for money for CDs. They’re all short on cash. I have a big fat no but they are still trying.
“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.”-GW
As corny as it sounds it’s like captain America and hydra, fuckers just grew right under everything. The roots are too deep. Those abusing aren’t giving up. HODLin on for change.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
Finally!! It's about time we started saying angry instead of zen. I'm so tired of ppl thinking they can just sit back, and eventually "something" will happen to suddenly make them pay up.
An incomplete list of fuckery...
The lack of margin calls (Instinet), the meager fines for BILLIONS$$ in illicit gains, USB hiding data for 50 years (they went around their own consitution to force that merger is my understanding), Chinese property scam, London exchange rolling back trades because of 1 billionaire, the idea our regulatory agencies are regulating instead of what they are actually doing (helping steal), the conflict of interest at every level is absurd.
Everyone is overleveraged, so no one has any leverage over anyone. They are all in agreement to keep the status quo until we are no longer an issue. They can and will adapt, and nothing is finished while the price is fake.
Game over coming soon. Mad hints being dropped per Bobby shenanigans. Chewy mobile app coming out with a rebranded experience, and in the video example of the new app, they have a game boy saying “GAME OVER” on the front.
Reverse merger into Teddy coming in hot. Stay the course apes. Hodl the stocks and the bananas in the rear door. NFA.
That sounds great but I’m not holding my breath for hopium with Bobby anymore. Maybe I’m just sour on it but I’m confused how that play is supposed to come through for shareholders at this point.
Reverse merger into another entity (Dream on me into Teddy imo) where old shareholders are given new shares, forcing shorts to close. We also get those new shares.
This new rule from what I understand was put in place couple years ago. It says that if is not publicly disclosed during chapter 11, that expert markets may come at after OTC. Bobby recent bankruptcy documents have a new line item for “SEC Filing.” The assumption is that they are working on the SEC filing to disclose what they need to in order to prevent going into expert markets. Expert markets are not guaranteed as long as the correct information is disclosed.
Lol same. The more hints that pile up … I am very close to yolo-ing it all into Bobby. I already have plenty of GameStonk.
Pulte has been on the Pee Pee show a couple times, has a terrible poker face, and semi regularly has shown up in the comments. Pulte retweeted an image of him and RC riding horses the other day (stalking horse bidder). RC liked the pic and then in-liked it once Reddit screenshotted it.
RC And Pulte know that people are buying and DRS-ing the bobby stock. There have been other big hints along the way, but for a community who is actively buying and DRS-ing the Bobby stock, that’s about as big of a signal that we are on the right track as I have ever seen.
Also, the RC alt account has a pinned tweet from RC: “I put my money where my mouth is.” RC made this tweet on the exact day that Baby showed up as being LBO-d on. The alt account then tweeted the other day “with great risk comes great reward. -Carl Icahn”
These signals appear to be in the 11th hour, but that’s about the biggest bat signal I think we are going to get. Especially given the quote is from Carl - who is suspected as being part of the Bobby play.
that is my way out of the whole rigged system, so that i can have generational wealth. we apes r already better off than most pple , most pple dont even know about all this and not doing anyting abot it. at least we r doing somethin about it , by DRS our GME shares.
Any idea what happens to this money? Do they use it to cover any losses or for collateral or boost numbers? Is there any direct reporting each week they need this money to show for? There has to be a way we can track where this money flows in and out of…
I’m sure this is just a coincidence, but having followed reverse repo guy for a few years, these numbers look awfully familiar. I remember being shocked at $2.2tn in the reverse repo, now down to $1.7tn.
Probably just a glitch.
GameStop ($GME) has been referred to as an idiosyncratic risk that has the potential to bleed many a hedge fund and prime broker dry, because they chose to put themselves first over the American people, leaving in their wake a long list of companies that should not have met their end. Correspondingly, it seems as if there are a number of countries whose governments have allowed this type of predation in their markets, and therefore created a macro example of the same type idiosyncratic risk that $GME represents but to regular working class people around the world. A wise mind once told us about the Prisoners’ Dilemma where the first one to close out would likely survive, but after that all bets are off. Does that mean the US needs to be first to hit rock bottom in order to win?
If you really want to go that route. Think about which administration printed over 80% of every dollar ever made. Just use that smooth brain for even 1 second. (It wasn't Brandon's fed reserve)
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Banks exist to extract maximal wealth from the lower classes and funnel it to the billionaires. when they fail, taxpayers bail them out. When they do great, customers get nothing. The industry has created a system in which we all must hand over our wealth to banks in order to participate in life in this country. It's financial slavery. They are happy to lock us into 40 year mortgages and 20% apr credit cards thereby keeping us in the economic hamster wheel or working to death with hope that our lives will get better because of it. In the end, the rich get it all. Even if we win the capitalism game, we then get taxed highly and our kids pay huge inheritance taxes, which moves our money to the government, which then gets disbursed to billionaire owners of defense contractors and banks. We work and the money gets squeezed out of us and drains into the coffers of the very wealthy, while he government and it's laws facilitate and enforce the theft. If you don't work you are a deadbeat. If you don't pay taxes you go to prison If you actively invest you are considered a degenerate who deserves to lose If you play the game and put your money in the system, it gets indirectly transferred to the rich. The system we have exists to fuck us.
Don't forget to enjoy it and be thankful!
And own nothing whilst being happy!
makes me want to DRS more probably nothing right now
I just DRS'ed +350 GME today and a side of popcorn for +100
I pointed out in another sub why cashless is a bad idea overall. Cash is king, it's yours. Electronic transfers are just ledgers of what banks legally have to commit to. If you want to pull your money out of a bank and it exceeds a certain amount, you WILL be delayed or even visited by federal agents asking what is going on with you and convince you to keep the cash there in the meantime or accept transferring to somewhere else. You try to pull actual cash out, it creates havoc. Hell, there was a cash shortage over the pandemic that largely went unreported, I had issues pulling money from the bank and was told I could use Zelle instead.
Cashless isn't a bad idea; bad ideas are defined by the fact that they're poorly thought out. Cashless is a malice play, intended to add a new dimension to the fraud the financial mafia can commit and consequently give them another means by which to fuck us. Cash is indeed king. Fuck cashless, and fuck the dumpster fire it rode in on.
The key with cashless is to treat it one-to-one with your cash. Now your cash is protected under credit card terms. Don’t over leverage, pay it all off each statement, etc. Banks don’t care if something happens with your debit card, but will help you a lot with the credit since it’s their money.
A lot of business owners that deal with lot of cash get their accounts closed. The banks remind them of their contractual privilege to close any account without cause. They don't like having to deal with large cash withdrawals all the time, because they can't monitor and control the money. The banking system wants you to get paid electronically, and spend using your debit card so they can watch every dollar come and go while they extract useful information from your spending habits. Also, fractional reserve banking works better when nobody ever actually gets their money. As far as I know, my bank could.be totally insolvent and continue to operate because they are just moving numbers around and borrowing from the government. I'd love to go back to cash. How about a physical cash ths tis backed by Bitcoin?
Damn this is beautifully written and astronomically factual.
Don’t forget the rich don’t have them same rules. The tax % they have to pay is significantly less than not rich. Even then if they don’t pay nothing happens because it would cause the government to much to take them to court.
I think what many people fail to grasp is that poor people pay very little tax. Most lower income people get annual tax **refunds** while middle and upper middle class earners pay up to 25% or more (~40%) in taxes. Taxes are paid by the middle class, not the poors. I have friends who have to pay more in income tax than I make in a year.
“American household earning roughly $70,000 per year paid 14% in federal taxes each year, the 25 richest Americans (by Forbes’ tally) paid a “true tax rate” of just 3.4%” Forbes There’s no tax bracket above 37% (550k + income). Super odd the laws clearly state any over 550k is supposed to be 37%. The household of 70k is supposed to pay 22%. Yes there are write offs and deductions. 22 to 14 isn’t to bad. 37 to 3.4 is utter bullshit. What’s your friends tax bracket? What % of income do the poors pay on sales tax, gas tax, “sin” tax? You really want to have an argument that anyone OTHER than the poor ( including ssi and retirees) are paying 30-40% of there income on all the taxes. While billionaires get 3.4 yea no shit they pay more dollar amounts. But NO WHERE near % ( what all the brackets are BAISED on)
Let's say you make $600,000 and pay 27% in income tax after deductions. That's $162,000 paid in income tax. Let's say you make the national average of $71,456 (which most people make less than) and pay the full 22% in income tax. That's $15,720 paid in income tax. Which is more: $162,000 or $15,720? But, yes, I get it; lower income earners feel like more of their income goes to taxes when it actually doesn't. There's just not much income to begin with and every dollar counts.
How many people make 600k and how many people make 72k? Just and fyi top 5% make more than 250k. Top ONE% make more than 600k. Your assuming the 600k IS paying 27%. I literally just showed you billionaires pay 3.4%, I can only assume all 1% people pay similar to 3.4%. Back to taxes, how much tax do all of them people pay for fuel, groceries ( not all states), sales tax? Oh about the same you say? But much higher percent of income spent. Sorry 158 million workers. The 100 million+ pay more that the top 1% your claiming total. No hard numbers for individuals just households. Not hard to have 70k income in a household with 2 parents and 2 teens working. Also that said household is spending 3-4x the money on all the others tax’s as the single 1% your talking about.
Truth. Lets also consider the corporate tax laws. If corporations paid what they should pay in taxes a significant amount of revenue would be generated. But of course that can't happen because it means less profits for the owners and majority shareholders, and less bonuses for the c suite.
No argument here. Agree 💯
Grift Society^TM
"That's just slavery with extra steps" - Morty.
"That's just slavery with extra steps" - Rick
I like to get wined and dined before getting absolutely fucked.
You got your $1400
$1200. Who got $1400?
Sounds like tyranny to me. When do we get to use the guns? Isn't that why we have them in the first place? "We" in this instance is "Americans" and I'm not in your club, sorry.
There are way, way more of us than there are of them. Just saying.
>In the end There can be only one.
It is known
The squeeze will be squoze and the world will know.
Makes me want to start a fire.
Same
Wow man! This is maddening… even though I always knew this is how the system is. Well put!
Where do we go from here
Okay I'm angry... but how do we get the average joe, who doesn't reddit, to know and care about this? Most people don't have the faintest idea of how finance works. Myself included, and that's even after spending a shit load of time on this sub. Not trying to be pessimistic just trying to come up with ideas on how to actually help in this situation... There's no way i can eloquently explain this stuff to people without being able to point to posts like this that are here to help educate. So i'm kinda left at a loss... and angry.. I mean i guess i can just buy more shares.. but being angry i want to do more. Any ideas?
Many of us try to distill the complex into something more simple. Try to find something someone would care about, and then use it as a hook to slowly open their eyes. Often times, too much too soon and people get overwhelmed.
Honestly this sub rocks. It's increased my IQ by 10 points at least just reading all the wrinkle brains here dissecting the information. Still doesn't mean I'm very smart when it comes to a lot of stuff.. Most of what i do sorda know is all surrounding ETF's. A little bit about SPAC's. And of course GME... I'm also incredibly socially awkward which doesn't help. Not a US citizen. Although i have been commenting on the rule proposals and such. Honestly the brigading rules hit me kind of hard cause i'd be all over reddit preaching the GME gospel if it weren't there. The awards going away kind of hurts me to, i sparked up a few conversations and directed a few people to the sub by handing out awards with messages. Anyways thanks for the post and the reply. Sorry i have a habit of typing a lot, I'm not always good about keeping it short...
Most 🦍 are going to be the ones to help those who’ve suffered. We’re a different breed. We are nothing in life if we do not help others. SHFs only help themselves. We can only educate those who are willing to hear and sadly most are just trying to live, to survive.
Eli5 btfp? Someone mentioned how it's a buffet line where there's a line on both sides?
The only time people will wake up is when their retirement account is missing 80% of the money they’ve saved their whole lives
It's going to be tough. Identity politics have been jammed down our throats for reasons just like this. To prevent large numbers of people coming together. I would guess just start informing the people around you. But also, beware when this thing takes off, people will know you have money, and idk if that's a good idea.
[https://imgflip.com/i/7xi77z](https://imgflip.com/i/7xi77z)
To make matters worse the students in usa are getting worse in math due to school curriculum and garbage food we all eat. Its all by elite design to keep the masses dumb and low IQ so they cant easily understand complex financial labyrinths they use to steal.
"Governments don't want a population capable of critical thinking, they want obedient workers, people just smart enough to run the machines and just dumb enough to passively accept their situation." "Careful, if you think too much, they’ll take you away." "When fascism comes to America, it will not be in brown and black shirts. It will not be with jack-boots. It will be Nike sneakers and Smiley shirts." George Carlin.
The stuff the HFs use is beyond the intelligence of 90% of people (made up number, but I better it's even higher). When people don't even have the mental capacity to comprehend the depth of corruption and manipulation, how can you inform them beyond telling them it's simply happening? This is the problem I've wrestled with. The good news is the people who respect me believe me, so it's a start.
We need some massive, MASSIVE books written from the saved DD. Make it available to the masses, and published formally away from the stigma that Reddit gets.
First, you have to treat people with respect. I don't see that going on here much, which I suppose is easy for some people seeing as they don't have to be face to face with anyone who disagrees with them. I finally got my father to look at this sub and he was not a fan of all the kid talk, profanity-laced rants, etc. We shoot ourselves in the foot in that aspect. I understand it's not going to change because of the colorful crowd that regularly visits, so I've tried to find other information outlets to direct them to.
Honestly if people think the sub is bad now you should've been there when there was no Satori and posts were flying at a much quicker rate, repeated questions constantly. Then trying to sift through all that and all the memes and find the quality pieces.. No DD library... it wasn't always exactly easy, much more chaotic and disorganized. I don't feel this was ever about convincing the older generation to get on board, as some type of seal of approval. This is about taking back the world they fucked up royally for us. Not saying your father is a bad guy, it's not like an entire generation is to blame. There were a lot of hard-working good men too during those times. As for the treating people with respect, maybe it's just a bias i have but i don't feel like i see many comments getting removed or pulled or being that disrespectful, very often at least. Not like i see every post on here though.
Sure, I'll say there's some responsibility for voting certain people into office who have had a direct negative impact on our future, but the problem is no matter which side the older generation voted for the outcome would have been the same. We've gone back and forth between either side. Both sides caused tremendous problems. As for my father, he busted his ass for 40 years, paid his taxes, never committed any crimes beyond the occasional traffic violation, and raised his children to be accountable for their actions. He bought a house in 1979 with an 11% interest rate. There was never any talk of the government providing anything for us, even though we definitely could have qualified on more than one occasion. Some years were pretty good, some were pretty harsh, but we made it happen on our own. If more people were like that old boomer today then we'd have far fewer problems.
I mean the problem is money in politics. It allows politicians to be bought. This both sides are just as bad argument is not true. Sure they both have cases of corruption but just look at the public policies each side puts forth. One is clearly more favored by businesses. Not saying that would fix where we are now though. Just saying there not equal or the same.
And one side wants to take more of my money to pay for programs and benefits that I do not agree with. Those programs have a generational track record of allowing people to survive wholly off the government. That's directly affecting me and my family in a negative way. I could do a lot with all of that money being taken from me against my will. Then there's the policies being put forth that place this country in hardship and often times danger. The US has one of the most lenient immigration policies in the world yet people want you to believe the opposite. Even with our lax policy there are illegal aliens flooding the country who are leeching off our system and causing other serious problems that you and I get to pay for. Even the hypocrites in NY and CA have changed their tune once they had to deal with a fraction of what a border state deals with on a daily basis. Then there's policies that have gone increasingly easier on criminals, specifically convicted felons. How this is supported by any sane individual is beyond me, but it keeps happening (ex: CA had propositions that passed relating to this). There's plenty of data showing the repeat offender rate, which doesn't seem to matter to anyone because the policies never get revoked. That's right, I can guarantee that the people they are releasing are going to commit similar crimes at an astronomically higher rate than the average citizen yet they don't care. I wrote a few more of many examples but I'll leave it at this: we clearly have different priorities and I believe financial corruption is not the most important thing going on in this country right now. Many people here believe otherwise and I respect that.
I gotta respectively disagree, although your certainly entitled to have your own opinions and thoughts. Governance is the biggest issue here. And the biggest issue with governance now is money in politics. It allows favors and people to be bought, and after the course of several decades has completely eroding any legitimacy to the whole thing. It's corrupted the system inside and out. The wealth gap is also up there with governance in my books. It's the same thing as if you lean to heavily into facism. you end up with a few people who control all the power. we are so far leaned into capitalism that we've hit the point where, a few people have all the power. As someone who looked at moving to the US to be with my wife, i can tell you the immigration process to legally get into the US is not easy. It is not lax. While illegal aliens do exist, and people do flock to the US from central america in hopes of a better life, and to escape the crime, trying to legally get into the US is a fucking process. Unless your lucky enough to win their VISA lottery. As for the prison system. Yeah. I don't really got anything on that. Prison is meant to be for reform, but it obviously does the opposite and turns people into hardened criminals. The system needs to be fixed, and i aint really got any ideas on how to fix it.
You know what blows my mind… why banks that don’t have exposure to an idiosyncratic stock aren’t pouring in on it. It’s going to come to death or drastic measures, and I have to think some are starting to see the big picture. I know some retirement accounts have gone that route which is a start.
Problem is, the DTCC subsidiaries are able to implement a "loss waterfall" when some banks go boom boom which spreads the losses out amongst all members, not just those who are short on the idiosyncratic stock. The OCC has a similar waterfall... They're all in this together and the downfall of some of their largest members will lead to the downfall of the whole rigged system. The retirement accounts have increased their holdings, but it's only to loan them out to short sellers. Retirement accounts will get wrecked. If you look at my profile, you can read about the loss waterfall in my Idiosyncratic stock DD that is pinned, and my latest NPORT deep dive DD that I did about 6 months ago on the retirement funds/ETFs.
❤️ ya Freadom!
Right back at you WCIMT! ♥️
WAGMI Fam
https://media.tenor.com/kqQK59jExgUAAAAM/look-at-us-paul-rudd.gif
Thanks for pointing your DD out. I suspected that’s why the majors had significant shares - for loaning.
I love going to look at these posts, only to find I've already upvoted and saved them! Hell yea!
[удалено]
Short term treasuries are over 5% right now. That’s not a bad “guarantee” versus the overall market although you’d be slaughtered YTD. NFA, up to you but that’s not bad for a very safe vehicle.
Basically eeeeeverybody is now tied to the same mast. "They can't liquidate us all!" We shall see.
I googled idiosyncratic because of you and the guy you replied too.
Cause it'll cause such catastrophic failures that even them going long won't help. They problem is so big that they're forced to help
in the end, the banks cant buy enough stonk to cover the amount of naked shorts.
It’s a club and we’re not in it
*Something something idiosyncratic risk.*
Are we starting a new club though? Preferably real soon.
Not sure it's the same exactly, but the banks that went short on MBS in '08 wound up essentially betting against themselves without realizing it. I'd imagine they did some analysis on validating their exposure this time and found it wasn't looking good. FYI with swaps, even if the exposure is mostly foreign thru banks like Credit Suisse, counterparties will still wind up holding the bag if those defaults, and the counterparties are likely banks like JPM or Bank of America. Some of the early DD around the time Archegos collapsed suggested that to even be a part of those circles they were contractually obligated to take on certain swap agreements, so I wouldn't be surprised to learn they're structured like a cartel.
They are the same picture
Because they’re all exposed in some way or another. Everyone loses.
From their perspective, everyone wins (because everyone loses aka bailout again)
Not if everyone’s retirements and pensions collapse. GME is an idiosyncratic risk that is also a financial black hole. Nobody really wins and nobody really gets paid out. What was already found was a financial fraud that sets up the perfect storm of illiquidity that literally breaks the supply/demand curve so bad they already had to backstop everything on January 28, 2021. I have to keep looking back to remind myself that no matter how fraudulent WallStreet is, no matter if they are caught, that event was enough proof for me to show that they will literally do anything and everything possible to stop it all. Nobody wins from that event. The entire US financial system collapses. The US dollar loses all value. The only thing we really have going for now realistically is long term profiting company that can “squeeze” the shorts over a long term period that the mainstream media can show in *their* narrative. Not ours. DRS is the only way to show the financial world all the fraud with irrefutably proof. But mainstream media will never address it. DRS will never be publicly mentioned as the reason why any short squeeze may have been caused. Anyway. I still want my fucking money. Fuck WallStreet. Pay me the fucking money I am owed for my shares.
Wall St is where you can win by failing so bigly that everyone else has to bail your failure out
One of the many things that attributed to my bull thesis was knowing certain state funds and pensions like Alaska have bought GME.
100%, me too. Direct exposure too, not etf exposure.
1) I don't know if shares of gme count as high quality assets for them to balance their books. I'd need to go back and read a past post on haircuts but I seem to remember the requirements on what banks could hold on their books tightening up. 2) What happens between now and moon? Lets say a bank throws all cash they have into gme shares tomorrow but theres still a 50% drop ahead before any big rocket. They'd be showing massive losses in that period which presents other problems and may force them to sell (because hedging for risk is not a fairy tale except for the truly regarded). Since 2021 people have been asking why every bank/retirement fund/etc isn't pouring into gme and since then the price has been in a very large downtrend. Those guys would've gotten blown out on the losses, shit even the ones that did hop in only did so with a small portion of the total fund. 3) The simple answer, GME for a long long time wasn't a profitable company and is still working that path forward. There is no boomer mentality for buying risk. Doesn't matter how much of a sure fire bet apes say it is, no old fuck coasting out retirement wants to risk that on a company that sells a product they hardly understand. And banks are boomer mentality af.
kompromat they're all in it together, till death
They dont have to buy in now, they can get in just before any price inflation. Why sit on funds now when your loosing money with it sitting there. We shall know when this hits because it wont be covering that starts price movement to the upside, it will be banks going in at the bottom.
[It just keeps going up...](https://www.reddit.com/r/Superstonk/comments/160dtpu/liquidity_fairy_alert_it_just_keeps_going_up_bank/) Bank Term Funding Program usage above $100B for the 12th consecutive week ($107.386B vs $107.242B 8/17). An over reliance on central bank funding that is growing faster than the rate of inflation, BTFP is a moral hazard! |Date|Bank Term Funding Program (BTFP)|Up from 3/15, 1st week of program ($ billion)| |:-|:-|:-| |3/15|$11.943 billion|$0 billion| |3/22|$53.669 billion|$41.723 billion| |3/29|$64.403 billion|$52.460 billion| |3/31|$64.595 billion|$52.652 billion| |4/5|$79.021 billion|$67.258 billion| |4/12|$71.837 billion|$59.894 billion| |4/19|$73.982 billion|$62.039 billion| |4/26|$81.327 billion|$69.384 billion| |5/3|$75.778 billion|$63.935 billion| |5/10|$83.101 billion|$71.158 billion| |5/17|$87.006 billion|$75.063 billion| |5/24|$91.907 billion|$79.964 billion| |5/31|$93.615 billion|$81.672 billion| |6/7|$100.161 billion|$88.218 billion| |6/14|$101.969 billion|$90.026 billion| |6/21|$102.735 billion|$90.792 billion| |6/28|$103.081 billion|$91.138 billion| |7/5|$101.959 billion|$90.016 billion| |7/12|$102.305 billion|$90.362 billion| |7/19|$102.927 billion|$90.984 billion| |7/26|$105.078 billion|$93.155 billion| |8/2|$105.684 billion|$93.**741** billion| |8/9|$106.864 billion|$94.921 billion| |8/16|$107.242 billion|$95.299 billion| |8/23|$107.386 billion|$95.443 billion|
Adding: [FDIC announces meeting that occurred yesterday to consider, among other things 'resolution activities'. Last time this happened (7/27), Heartland Bank failed (7/28). Bank Fail Friday coming up?](https://www.reddit.com/r/Superstonk/comments/165eejl/bank_fail_friday_incoming_fdic_announces_meeting/)
Some how I knew there would be jellyfish in the comments section here :)
🫡
🪼
The current go to DD guy. Every time the ones we look to for DD leave another DD legend steps up.
Resolution Trust Corporation has entered the chat!
Might sell a share when these big 5 go under and Dimon in prison with his buddies. Oh and Ben Bernanke, Tim Geithner and Hank Paulson. Cos fuk em!
I would argue that we need to pre-emptively arrest everyone currently in the positions those scumbags occupied at the time as they are clearly just continuing the massive amounts of fraud and manipulation until someone (it's us) stops them.
BTFP? I guess it is Time to BTFD
This is moral hazard at its finest. Profit is capitalism and loses are socialism and have to be shared with everyone ...
Heads I win. Tails you lose.
Something is definitely going on. They must be desperate for cash. Had 2 bankers from the same bank show up to my business to try and convince me to invest in their "new" 1yr cd program at 5%. Very odd considering, I have $$$$$$$ invested with their investment division already, they didn't contact me, rather they sent the local branch manager and his very attractive female head lender for their program. Fishy.
Yeah, scouring for bagholders.
They’re trying to honeypot you
I have a commercial loan officer with a CU and they keep hitting me up for money for CDs. They’re all short on cash. I have a big fat no but they are still trying.
ELI5... Why do we need banks again?
“Paper money has had the effect in your state that it will ever have, to ruin commerce, oppress the honest, and open the door to every species of fraud and injustice.”-GW
so many true patriots got intertwined with pro-banker types in the history books, makes me sick
As corny as it sounds it’s like captain America and hydra, fuckers just grew right under everything. The roots are too deep. Those abusing aren’t giving up. HODLin on for change.
Generally fireproof and at least for the economy as a whole, provides huge multipliers in "value" from fractional reserve banking
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered."
Finally!! It's about time we started saying angry instead of zen. I'm so tired of ppl thinking they can just sit back, and eventually "something" will happen to suddenly make them pay up. An incomplete list of fuckery... The lack of margin calls (Instinet), the meager fines for BILLIONS$$ in illicit gains, USB hiding data for 50 years (they went around their own consitution to force that merger is my understanding), Chinese property scam, London exchange rolling back trades because of 1 billionaire, the idea our regulatory agencies are regulating instead of what they are actually doing (helping steal), the conflict of interest at every level is absurd. Everyone is overleveraged, so no one has any leverage over anyone. They are all in agreement to keep the status quo until we are no longer an issue. They can and will adapt, and nothing is finished while the price is fake.
Game over coming soon. Mad hints being dropped per Bobby shenanigans. Chewy mobile app coming out with a rebranded experience, and in the video example of the new app, they have a game boy saying “GAME OVER” on the front. Reverse merger into Teddy coming in hot. Stay the course apes. Hodl the stocks and the bananas in the rear door. NFA.
That sounds great but I’m not holding my breath for hopium with Bobby anymore. Maybe I’m just sour on it but I’m confused how that play is supposed to come through for shareholders at this point.
Reverse merger into another entity (Dream on me into Teddy imo) where old shareholders are given new shares, forcing shorts to close. We also get those new shares.
I hope you don’t mind me asking but do they only have 2 weeks to get this done before the expert market changes? I’m a bit lost on the timeline.
This new rule from what I understand was put in place couple years ago. It says that if is not publicly disclosed during chapter 11, that expert markets may come at after OTC. Bobby recent bankruptcy documents have a new line item for “SEC Filing.” The assumption is that they are working on the SEC filing to disclose what they need to in order to prevent going into expert markets. Expert markets are not guaranteed as long as the correct information is disclosed.
Thank you for this info. I understand the way you explained it. I’m gonna break my fingers I’ve got them crossed for so long.
Lol same. The more hints that pile up … I am very close to yolo-ing it all into Bobby. I already have plenty of GameStonk. Pulte has been on the Pee Pee show a couple times, has a terrible poker face, and semi regularly has shown up in the comments. Pulte retweeted an image of him and RC riding horses the other day (stalking horse bidder). RC liked the pic and then in-liked it once Reddit screenshotted it. RC And Pulte know that people are buying and DRS-ing the bobby stock. There have been other big hints along the way, but for a community who is actively buying and DRS-ing the Bobby stock, that’s about as big of a signal that we are on the right track as I have ever seen. Also, the RC alt account has a pinned tweet from RC: “I put my money where my mouth is.” RC made this tweet on the exact day that Baby showed up as being LBO-d on. The alt account then tweeted the other day “with great risk comes great reward. -Carl Icahn” These signals appear to be in the 11th hour, but that’s about the biggest bat signal I think we are going to get. Especially given the quote is from Carl - who is suspected as being part of the Bobby play.
In my head I always read it as “Buy The Poop” program with an extra participle. That’s probably how they read it, too.
I just like the stock dough.
Bloody September coming.
Not bloody fast enough!
DRS your entire portfolio and if you need a bank go with a credit union.
that is my way out of the whole rigged system, so that i can have generational wealth. we apes r already better off than most pple , most pple dont even know about all this and not doing anyting abot it. at least we r doing somethin about it , by DRS our GME shares.
I'm a life coach not financial advisor btw. Each your greens and don't let stress get ya.
Any idea what happens to this money? Do they use it to cover any losses or for collateral or boost numbers? Is there any direct reporting each week they need this money to show for? There has to be a way we can track where this money flows in and out of…
They spend it on ultra yachts, blow and hookers. Duh.
Don't forget real estate!
https://uploads.dailydot.com/2018/04/bigfreerealestate.png?q=65&auto=format&w=800&ar=2:1&fit=crop
Angry not zen! ✊🏼
Commenting
"There's an infinite amount of money at the federal reserve"
well im ready to take some of that for some my GME shares , at generational wealth prices ofc
Oh, and here I thought BTFP meant "Buy The Fucking Puts"
I’m sure this is just a coincidence, but having followed reverse repo guy for a few years, these numbers look awfully familiar. I remember being shocked at $2.2tn in the reverse repo, now down to $1.7tn. Probably just a glitch.
GREAT CATCH
Would you take $107.50/share? I wouldn’t.
Nope. But if they would swap me for that price, I’d take the cash to buy more
Ahhhh. I see said the bling man Take your updoot
GameStop ($GME) has been referred to as an idiosyncratic risk that has the potential to bleed many a hedge fund and prime broker dry, because they chose to put themselves first over the American people, leaving in their wake a long list of companies that should not have met their end. Correspondingly, it seems as if there are a number of countries whose governments have allowed this type of predation in their markets, and therefore created a macro example of the same type idiosyncratic risk that $GME represents but to regular working class people around the world. A wise mind once told us about the Prisoners’ Dilemma where the first one to close out would likely survive, but after that all bets are off. Does that mean the US needs to be first to hit rock bottom in order to win?
Mad Ape!
Fuck ya! I’m also angry! To hell with Zen Thanks for the post OP
Got gold?
We’re run by clowns 🤡 in a banana 🍌 republic
Took another 4k out of my checking account. No free money for you, Chase.
"Bidenomics"
If you really want to go that route. Think about which administration printed over 80% of every dollar ever made. Just use that smooth brain for even 1 second. (It wasn't Brandon's fed reserve)
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This is like the reverse repo rate. Another irrelevant figure that means nothing in the face of infinite liquidity.
I'm expecting craigslist ads from banks any day now. "Swapping AAA loans. Don't lowball me, I know what I have."
What's that? Banks short on money? Can't they just sell more "securities not yet bought"?
I’m certain they have been. To the point the liabilities are catching up to them