I'm new to the markets, but an old hand at watching the swamp operate. They obey laws only when it suits them. When it does not, they just declare things to be how they want them. They stole congress and the presidency not 3 months ago. There is nothing they won't do.
I really hope I'm wrong. I bought a share of GME Wednesday, but not for the potential profit. For the potential to kick the swamps nuts up behind their teeth.
Rules for thee but not for me, they say. Watch them make this problem disappear.
Could you imagine the outrage? I don't deny it could happen, but it would set wall st on fire
God willing
I see it this way too. They change the rules, basically saying every dollar average how has invested is basically worthless, and everyone cashes out their retirements, liquidated their holdings and the only ones left playing the game are the banks, shitsain hedge funds and government. Markets tank worldwide, and then they wanna know why joe sixpack ain't playing the game anymore .
So.. Cash is King right now?
Crypto (the real ecosystem, not the dogenut meme shit) would start to look very attractive
My guess is that if they burn GME, they burn public trust in Wall Street. Money will then flow to crypto.
I'm just watching. I dont know, do not seek my advice. It just seems that may be the only option for the government. Bail out the hedge funds. Massive inflation/devaluation. Huge monetary reset. Wall street burns again metaphorically. Average joe dont care cause he has skills that will allow for him to find work and still feed his family. It wont be like the dustbowl as farming techniques are hugely different now. I dunno. Just speculation from the sidelines.
I can imagine the outrage, but I can't imagine the powers that be giving a shit about the outrage.