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Sorry to be the little grey raincloud on this Hate The Hedges party, but you might want to understand the implications of what just happened

Y'know that fund that's getting all attention, Melvin Capital? Yeah, fuck them, right? Fuckin' shorters all shortin' and shit -- they played, they paid!

There's a reason they were bailed out and with all due haste.

Here's the issue: they were VERY good at the shorting game. So good that they actually had to turn away business. They made money like horses makes shit. When clients couldn't get in at Melvin, they went elsewhere. That opened the door to a lot of other firms basically mirroring exactly what MC was doing, which included shorting the fuck outta GME.

Fuck those guys too, right? It's their money, so why should I care?

Let's go back a few year, shall we, to the glorious chapter in finance and economics that was the 2008 Crash. Remember when Paulson lost his shit because he realized that in about 36 hours, the basic system called Western Capitalism was going to shit the bed; the bedroom; the whole house and pretty much every surface above the ocean within a planetary radius? This is sorta like that. Only worse.

The thing about short squeezes is that the losses can be infinite, and that's exactly why WallStreetBets did what they did. They knew if they bought and held -- diamond hands -- the stock would have to rise as the shorters had to cover their bets. Melvin Capital and a shit-ton of other, smaller firms had to do that and ran out of liquidity long before GME was even at $50. For every share of stock they shorted, they need to cough up another share at a higher value -- and they HAD to actually have the higher-priced share.

And here's where things get VERY ugly.

Shorting GME was such a sure thing that a huge number of shorts were placed. In fact, more shares of GME were shorted than actually existed. Oops. But hey, SURE THING, BABY and what's the worst that can happen?

Yeeeah, y'see where this is going now?

So these firms, not only are they broke, they don't have the shares, either. They need to come up with shares, pronto, at any price, because contractual obligations are a motherfucker in the finance world. But again, more shorts than there are shares and the people who have the shares, WSB and 4chan's /biz/, aren't letting them go. The longer they hold, the higher the price will go as short after short faces having to cough up the shares they borrowed.

A lot of people are about to lose a LOT of money -- the kinda losses that have so many zeros attached that looking at the number bores the eyes.

Back to 2008: the reason the whole world almost started Mad Max LARPing back then is that a narrow number of highly-important financial institutions were a wee bit thin on liquidity because they were having to pay it out by the boatload. That's bad. What would be better is if risk were more distributed, and how could that little plan POSSIBLY go wrong? Maybe a Black Swan event involving a huge amount of money that needs to be paid out by all of them due to this annoying bird.

That's where we are now, but no one even remotely knows what that figure is going to be. Again, (potentially) infinite losses multiplied by 150% times the number of shares actually available, multiplied by the dogshit risk factor on the loans and the leveraged payouts -- your best case scenario might be a loss of about $500 billion. Someone has to come up with that money, be it the Fed or other banks/investors, but that latter group has to come up with the money themselves, which is generally accomplished by selling profitable holdings. We all know what happens when a lot of people have to sell, right?

I always wanted to live in interesting times, thus proving what an utter fuckwit I am.

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What's up your ass? Nazi facebook got shunned and grandpa hitler wannabe got kicked off social media?

Hey, look,




I'm sorry you got duped.
But that doesn't give anyone the right to do what they did.
LETS BE CLEAR
People forced their way into the capitol building through violence. They hung up a noose https://www.snopes.com/fact-check/noose-hung-outside-capitol/ and when inside the building they were chanting 'FIGHT FOR TRUMP FIGHT FOR TRUMP FIGHT FOR TRUMP' until the president tweeted about Mike Pence's disloyalty, then they started with "WHERE IS PENCE, WHERE IS PENCE?

If you know anyone who was at the rally and stormed the capitol, please contact the FBI
https://www.fbi.gov/contact-us/field-offices/washingtondc/news/press-releases/fbi-seeking-information-related-to-violent-activity-at-the-us-capitol-bu
ilding
https://preview.tinyurl.com/yyq8xcba (link is too long)

They are wanted as person's of interest, suspected of terrorism.
https://www.foxnews.com/politics/capitol-rioters-prison-trump-executive-order-federal (link is too long) copy+paste

$50k for anyone associated with the pipe bombs https://www.npr.org/sections/congress-electoral-college-tally-live-updates/2021/01/08/954845870/u-s-capitol-flag-will-fly-at-half-staff-fbi-issues-rew
ard-over-pipe-bombs


------------##########------------
------------##########------------
Look, I believe that you believe what you're saying, okay?

Let me make one last red rover talk with you, maybe you'll come on back to reality.
------------##########------------
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Here's the argument for Georgia, laid out in point by point sections


1.--------------------------------
Do you know any Trump supporters who don't trust the election?

From 2018 so before the current bullshit; though it's worth pointing out that Trump also claims that the 2016 election that he fucking won was a fraud.

"Results from a new Grinnell College National Poll give insights into which citizens lack confidence in the November 2018 election. As it turns out, white conservatives, despite accusations of election fraud from President Trump and several outspoken conservative leaders, are neither the only groups concerned about the accuracy of the 2018 vote count nor the groups most concerned. The poll’s results also uncover how a lack of confidence in the vote count is linked with voter turnout "
https://bit.ly/2VooAMS

I would argue that's contributed to a suppression of turnout. See also # 10 on my list here.


2.--------------------------------

https://apps.npr.org/elections20-interactive/#/house

The democrats lost a chunk of seats in the house of reps.
Flip flip flip flip flip flip
All that, all the Democrat plot to steal the election? That's some 7d chess right there. Secret dem plot = elect republicans. (it's the same ticket as the presidential vote) Can't trust people who voted Republican? Is that it? Throw those votes out?


3.-------------------------------
Arguing a that a technicality should disqualify votes doesn't mean that Americans' vote count is inaccurate. And if those votes' certification is invalid, why did Republican senators and Congress people from those states take their offices on Jan 2nd?

>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>They are voted in on the same ballot that the vote for president is cast on. <<<<<<<<<<<<<<< <<<<<<<<<<<<<<<<<< <<<<<<<<<<<<<<<<<<<<<<<<<<
If they genuinely think and believe it was a scam, why did they show up to Washington and take office on the basis of so-called fraudulent ballots? If those ballots are frauds, what are those Republicans doing seated in those congressional seats?

Also, if that rule change is so bad, and absentee ballots are so fraudulent and can't be trusted, why did the Republican party in that state send a absentee ballot to every Republican who voted in the last election? You'd have to throw out ~700,000 republican votes as well. Don't their votes count?


4.-------------------------------

Mitt Romney is an absolute asshole and he supports policy i strongly disagree with, but at least he's honest and seems to speak with an appeal to integrity. I think I saw his outrage at his own party spilling out of his head during the objection hearing.

But he's been an R his whole life? Cant be trusted?

Mitch McConnel is like a RPG character that someone dumped all the skill points into "fuck these rules, I'm getting my way" He will do anything, cast off nearly any rule to advance republican politics. He is against this. No one, only one man can be trusted ???

Mike pence is the most republican motherfucker around, and he does not endorse this, which party are you with?



5.------------------------------

The senators objecting were right the cases didn't progress to a hearing, and were all "without standing" or were unable to even make a claim, with Rudy going into court and when the judge flatly asks him if he's suing for fraud,
'is this a fraud case ? '

>>>>>>>>>>>>>RUDY - "NO"
"No we do not"
( O_O) ?

The judge explains that maybe he did allege fraud at some point, but not in the paper work he filed currently in front of the judge. (EVEN JUDGE JUDY DON'T ALLOW THAT SHIT)

WOULD YOU LIKE THE AUDIO OF THAT?
https://www.c-span.org/video/?c4925496/user-clip-alleging-fraud

Finally, after some linguistic dancing, the judge revisits the topic, bookending that clip. ”Does the Amended complaint include fraud with particularity ?"

>>>>>>>>>>>>RUDY - "NO YOUR HONOR"



6.-------------------------------------------

So all of my
X Y Z cant be trusted?
Add McConnel and Pence



7.------------------------------------------

Maybe you are taking trump literally, not seriously? You're supposed to do "seriously, not literally" i've heard. Maybe he seriously won the election...
...but not literally, actually, or in-fact.



8.------------------------------------------

So only one man can be trusted? Only one man with the power? He used to hint at not conceding, now he's hinting at no more elections.

is that the way of a democracy or a republic? NO MORE ELECTIONS, THEY CANT BE TRUSTED UNLESS I WIN
???What good are elections? Why would we need those? They're all stolen anyway right ?



9.------------------------------------------

The states that made a difference and flipped from red to blue. Red, they were already red. Red as in Republicans won previous elections there and we're in charge of the local government and election boards in each case.
REPUBLICANS CERTIFIED EACH OF THOSE STATES.
HENCE THE FLIPPING,
THEY CERTIFIED IN DECEMBER,
BEFORE THEIR REPLACEMENTS ARRIVED.


10.-----------------------------------------

Democrats have been doing the work of flipping Georgia for 30 years, for democrats, that's how they flipped the state.

[The Daily] The Georgia Runoffs, Part 1: ‘We Are Black Diamonds.’ #theDaily
https://podcastaddict.com/episode/117319937 via @PodcastAddict

They interview Stacy Abraham's here^ and she speaks at length about the decades long process to flip Georgia, and all the fundraising they did during that time

There is also a sister episode where republican campaign officials are interviewed and they discuss how they are not prepared in Georgia because they thought that state was a lock, still they could have pulled it off, but voter turnout was being suppressed because people were being told it was a fraud. There is a telling moment where the two R senators up for election in Georgia are on stage but the crowd just keeps chanting TRUMP TRUMP TRUMP to the point that they are unable to speak to the crowd
[The Daily] The Georgia Runoffs, Part 2: ‘I Have Zero Confidence in My Vote’ #theDaily
https://podcastaddict.com/episode/117362059 via @PodcastAddict

>>>>>>>>>>>Notable,
the interviewer tries and tries but can't find a republican who will say they have confidence in their vote at the Georgia rally.


>>>>>>>>>Finally<<<<<<<<< >>>>>>>>>Finally<<<<<<<<< >>>>>>>>>Finally<<<<<<<<< >>>>>>>>>Finally<<<<<<<<< >>>>>>>>>Finally<<<<<<<<<
"To all of those who have asked, I will not be going to the Inauguration on January 20th."

— Donald J. Trump (@realDonaldTrump) January 8, 2021

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Come on.

Stop.

It's over.

You're defending people who planted pipe bombs in the capitol building of the United States of America.

It doesn't matter how you cut it, that!

THAT!

Is NOT right.








Edit: And we're actually a mixture of both a republic and a democracy. There are regular instances on the people voting on laws directly.

Whatever happens, I hope Republicans keep doing what they're doing, because they are losing every election since trump and then some ...shithead.

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