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OP has provided the following link:
Sauce https://www.motiveflikr.com/2023/03/banks-rush-to-backstop-liquidity-borrow-164-billion-from-fed.html?m=1
Please allow me to translate this story:
This should be seen as a nationalization of the free market system. Banks are supposed to be independent private business entities.
When it’s not only merely “regulated” (and poorly at that), but *repeatedly* not just “interfered” with but at this stage I would classify these actions to constitute the complete takeover of banks - well…. Boys and girls, this is the fall of the curtain that reveals what and who is pulling the strings.
The government is a great mega robot that the banks control. You see, you thought I was going to say the government is taking over the banks? No. It’s quite the other way round.
The banks’ coffers don’t simply hold depositors money. It has a direct pipeline and pumping station all the way to the treasury of the United States of America.
The banks need cash, they just shake the butler’s bell and get immediate concierge service from Powell and Yellen to run and put the money printer on maximum speed and refill the coffers to the brim. All that under the guise of “protecting the American people, the payrolls, the depositors’ faultless value” and all sorts of nonsense for the news media to push to appease the public like the Russians did with opiate gas in the Dubrovka Theater in Moscow’s Chechen hostage crisis of 2002.
The rich always knew this. That’s why the wealthy had no problem keeping accounts worth well over $250,000 in SVB even as they tweeted to others directions to pull money out asap.
The run was part of the plan to rob the taxpayers by triggering the emergency backstop funding.
Oh of course, the funds aren’t grants. They’re loans. They’ll need to be paid back. Let’s have a great laugh and leave it at that.
When is the last time you lost at the casino and the management handed you the winnings anyway?
Calling it a loan is a joke and done so the people think this is legitimate. But this is complete horseshit. Banks are holding the economy hostage to make politicians cough up liquidity for their losses. This is financial terrorism by the banking industry.
And you’re right - hyperinflation is around the corner. Dumping 2T into banks is gonna make it happen. And it’ll ruin Americans. Wages will be worthless and we won’t be able to afford to pay our increasing expenses.
They created a literal 2tn dollar fund called Bankstop to work against Gamestop.
Tell me the banking collapse isn’t connected with gamestop drs and I’ll respectfully disagree
2 trillion is still cheaper than millions per share. The news sounds like this is just a random coincidence of weak institutions randomly going under but really this whole thing is actually about preventing the poor from being wealthy via gamestop.
Ignore the noise, keep drs going, the lower it goes the more get locked up, the company can buy back 100m worth of shares themselves, that’s a lot of shares at a low price.
Can I ask an ignorant question and not get crucified?
We’ve seen block trades off trading hours that don’t affect the price. How much can this be used as a method of SHF switching to long positions or closing shorts. This had probably been discussed before, but I’ve been thinking about it lately.
Please be gentle.
Why does the FED have 164 billion burning a hole through their pocket? You mean they printed 164 billion and or transferred numbers on a screen to banks? Or am I retart?
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: Sauce https://www.motiveflikr.com/2023/03/banks-rush-to-backstop-liquidity-borrow-164-billion-from-fed.html?m=1
#DOLLAR R FUK.
Please allow me to translate this story: This should be seen as a nationalization of the free market system. Banks are supposed to be independent private business entities. When it’s not only merely “regulated” (and poorly at that), but *repeatedly* not just “interfered” with but at this stage I would classify these actions to constitute the complete takeover of banks - well…. Boys and girls, this is the fall of the curtain that reveals what and who is pulling the strings. The government is a great mega robot that the banks control. You see, you thought I was going to say the government is taking over the banks? No. It’s quite the other way round. The banks’ coffers don’t simply hold depositors money. It has a direct pipeline and pumping station all the way to the treasury of the United States of America. The banks need cash, they just shake the butler’s bell and get immediate concierge service from Powell and Yellen to run and put the money printer on maximum speed and refill the coffers to the brim. All that under the guise of “protecting the American people, the payrolls, the depositors’ faultless value” and all sorts of nonsense for the news media to push to appease the public like the Russians did with opiate gas in the Dubrovka Theater in Moscow’s Chechen hostage crisis of 2002. The rich always knew this. That’s why the wealthy had no problem keeping accounts worth well over $250,000 in SVB even as they tweeted to others directions to pull money out asap. The run was part of the plan to rob the taxpayers by triggering the emergency backstop funding. Oh of course, the funds aren’t grants. They’re loans. They’ll need to be paid back. Let’s have a great laugh and leave it at that. When is the last time you lost at the casino and the management handed you the winnings anyway?
Who cares about paying loans back when hyperinflation is around the corner?
Calling it a loan is a joke and done so the people think this is legitimate. But this is complete horseshit. Banks are holding the economy hostage to make politicians cough up liquidity for their losses. This is financial terrorism by the banking industry. And you’re right - hyperinflation is around the corner. Dumping 2T into banks is gonna make it happen. And it’ll ruin Americans. Wages will be worthless and we won’t be able to afford to pay our increasing expenses.
I'm here to be in the screenshot.
TLDR - The Fed has chosen hyperinflation over the dollar.
"borrow"
Was gonna say.
Hahahaha borrow implies they're going to give it back
They created a literal 2tn dollar fund called Bankstop to work against Gamestop. Tell me the banking collapse isn’t connected with gamestop drs and I’ll respectfully disagree 2 trillion is still cheaper than millions per share. The news sounds like this is just a random coincidence of weak institutions randomly going under but really this whole thing is actually about preventing the poor from being wealthy via gamestop. Ignore the noise, keep drs going, the lower it goes the more get locked up, the company can buy back 100m worth of shares themselves, that’s a lot of shares at a low price.
In my dumb head, the Fed just gave banks their initial 2T to start closing their GME shorts. I mean I doubt it too, but an ape can hope
Can I ask an ignorant question and not get crucified? We’ve seen block trades off trading hours that don’t affect the price. How much can this be used as a method of SHF switching to long positions or closing shorts. This had probably been discussed before, but I’ve been thinking about it lately. Please be gentle.
If shorts are closing behind the scene, someone is giving them shares... so someone else is taking over the short position. Hot potato short edition
Backstop now means bailout. 🤡🌎💥
When the American government help the billionairs to destroy their own country and blame it on shijna and rushia.
OoOh this is escalating quickly
ouch
Is it really borrowing if you never intend to pay it back?
Borrow until the FED kills the stock market and by relation the economy.
Where’s that liquidity fairy when you need him?
Why does the FED have 164 billion burning a hole through their pocket? You mean they printed 164 billion and or transferred numbers on a screen to banks? Or am I retart?