02-16-2021, 02:46 PM
2 days until the heads of Citadel, Melvin, Robinhood, and other pirates show up in front of Congress.
It has the potential to reveal some very interesting and somewhat "secret" information about how Wall Street really functions. I sent some info to a few select Financial Services members, especially the gentleman from WV, that details how brokers route many trades to their own internal dark pools where the broker itself takes the other side of the trade and never sends the order to the exchange. This practice creates fake securities (shares, options contracts, etc) that only exist as book entries on broker's books and do not represent real shares or contracts issued by the corporation or a designated market maker. That, along with naked shorting (which appears to be illegal now) creates a massive higher number of claims on shares than actual shares. THIS is why GME and other tickers were shut down, accounts locked, and buying restricted. The smoke and mirrors of the "stock markets" would have collapsed as there were nowhere near as many real shares being traded on the exchanges to fulfill demand and the illegal shorters like Melvin would have been completely bankrupted practically overnight as the -real- supply and demand principle drove the price of -real- shares through the roof. Melvin would never have been able to actually cover their shorts because the shares they need simply aren't available for repurchase except at infinite valuation! If the squeeze had carried through it would have exposed the massive fraud and collapsed the entire system as the dominoes started falling. If the hedgie can't cover, then their broker must, if broker can't then market maker must, etc etc. What would happen if it became widely known that many of the "shares" people think they hold in various accounts turned out to be NON-EXISTENT and merely book entries internally managed by the brokerages? The entire value of the markets exposed as smoke and mirrors? It certainly explains how the "markets" could easily be manipulated daily by a handful of computers run by the Fed, Treasury (ESF), Citadel and Blackrock and how the market "values" could have ramped through the roof after the covid sell-off, defying all logic, even as the economy completely disconnected from "markets". It was all ESF money handed to the Treasury by Congress, with wash trading back and forth by Citadel and Blackrock, to restore confidence and get people to feel safe enough to send their money back into the smoke and mirrors. This is how they were able to literally contain the covid crash to exactly their favorite Skull and Bones (Mnuchin is SnB) date range.....2/23 to 3/22. Monday 2/24 is when the crash started and Monday 3/23 was the bottom.
This link documents below how there are nowhere near as many actual available shares as have been "sold" and/or "shorted" for GME. Returning shares to those with claims on them has led to a huge amount of Fail-To-Deliver, meaning the shares can't be obtained for return! Because they don't exist on the exchanges and have been rehypothecated many times over! We see this same scheme in metals markets also, with 100paper-to-1physical clams on an ounce of silver, for example. I think it's safe to assume that this same fraud has been extended to all markets. We even see it in the currency itself with fractional reserve "lending" and what happens during a bank run, when it becomes clear that obligations on the bank are not supported by actual assets of that bank.
Where are the shares?
https://wherearetheshares.com/
Don't get me started on Citadel's illegal front-running of orders that do get sent to the exchanges.
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