Don’t worry they’ll never default, as they keep printing more money (they should have defaulted decades age, but keep rasing the borrowing ceiling). But they will go through hyper inflation soon enough… That will be wild.
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Joined 1 year ago
Cake day: July 13th, 2023
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Then you don’t understand the scale of what it is this guy did. The lives he’s ruined. The money he has cost the tax payers. The hyper inflation he has helped put into motion for all Americans, and allys. You blame oil prices or immigrants or whatever for everything going to shit and getting expensive. No. It’s people like this and the corrupt politicians that enables this shit.
1·1 year agoAnyone following GME knows exactly why he is doing it.
Yes! Or more accurately “lend” them to someone who will.
Even if you have a broker that promises not to there is minimal regulation to stop them and if they get caught the fine is a (small) fraction of the money they make on that transaction (which is just a cost of doing business). I believe this was shown in r/superstonk just by someone looking at the sec filing.
That is the perfect question. It should be the norm for long term investments.
I don’t know when it was but the large banks/brokers lobbied and made it against the law for companies to tell (or even suggest) there investor to DRS.
The only down side I know of is that when selling, shares have to be paired with a buyer, which isn’t instant (may even take a couple days).
But the up side is they cannot lend your shares to short them against you. Also, if the price was to go brrrrrrrrr and be in the hundreds or more (cough cough millions) brokers can sell your shares for you, at any price, and say it was for your safety as the stock was volatile.
Seriously, spend a bit of time looking into Gamestop / superstonk. It explains all of it. And you may get some real money out of it. DRSGME.org will work if you don’t wanna use reddit, r/superstonk. There is a lot to digest but it may change the world as we know it.
Hahaha, if you think the stock market is strong at the moment you haven’t been paying attention. I would recommend spending a little time looking into what happened with gamestop in Jan 21 and why.