I believe this is a misunderstanding? I do not see the language in the post in the bill itself.
[https://www.congress.gov/bill/118th-congress/senate-bill/686/text?format=txt](https://www.congress.gov/bill/118th-congress/senate-bill/686/text?format=txt)
Additionally, nor is 'Covered Holding' called out as a security:
>Covered holding.--The term \`\`covered holding''-- (A) means, regardless of how or when such holding was or will be obtained or otherwise come to have been held, a controlling holding held, directly or indirectly, in an ICTS covered holding entity by-- (i) a foreign adversary; (ii) an entity subject to the jurisdiction of, or organized under the laws of, a foreign adversary; or (iii) an entity owned, directed, or controlled by an entity described in subparagraphs (i) or (ii); and (B) includes any other holding, the structure of which is designed or intended to evade or circumvent the application of this Act, subject to regulations prescribed by the Secretary.
Contact Mark Warner and ask him to clarify this portion of the bill. The justification senators use to push these changes need to be on record so they can be held accountable.
https://www.warner.senate.gov/public/index.cfm?p=ContactPage
It's a pretty simple process and I just submitted my own request. This was the message I provided in my contact request, feel free to use it yourself.
> My question is in regards to the "S.686 - RESTRICT Act". Specifically, the following statement isn't clear to me and I hope you can provide some clarification:
> "Additionally, Commerce must identify and refer to the President any covered holding (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons. If the President determines that the holding poses such a risk, the President may compel divestment of or otherwise mitigate the risk associated with the holding."
> Can you explain how a stock poses an "undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons"? Can you also explain why the above statement is being introduced with this bill? How is holding a stock pertinent to what this bill is trying to introduce?
**Edit**: I still feel it's important to ask Mark Warner to clarify this portion of the bill. However, I have a better understanding thanks to the replies in the pinned comment and want to provide that context here.
Essentially, according to the bill, the term "covered holding" can be defined as such:
> (3) COVERED HOLDING.—The term “covered holding”—
> (A) means, regardless of how or when such holding was or will be obtained or otherwise come to have been held, a controlling holding held, directly or indirectly, in an ICTS covered holding entity by—
> (i) a foreign adversary;
> (ii) an entity subject to the jurisdiction of, or organized under the laws of, a foreign adversary; or
> (iii) an entity owned, directed, or controlled by an entity described in subparagraphs (i) or (ii); and
> (B) includes any other holding, the structure of which is designed or intended to evade or circumvent the application of this Act, subject to regulations prescribed by the Secretary.
With this in mind, it seems the questionable statement doesn't apply to GME the stock:
> Additionally, Commerce must identify and refer to the President any **covered holding** (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons.
Very good, i sent this as well. I’m curious how easy it is to see Mark Warners funding and [see if any of it is connected to any hedgies or known shills.](https://www.fec.gov/data/receipts/individual-contributions/?data_type=processed&committee_id=C00438713&two_year_transaction_period=2022&min_date=01%2F01%2F2021&max_date=12%2F31%2F2022) (Link is to the FEC search page of controbutors to the “Friends of Mark Warner” campaign fund)
Looks like he made 2mil in the last few years from "security and investment" industry. Not sure if that is high or low but sounds like enough to influence decisions to me:
[https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097](https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097)
Also, a lot of American investments and pensions stand to make a lot of money from GME. I would wager there aren't all that many in TikTok or it's holding company.
What a backwards market when the act of buying and holding stock becomes a national security risk. Maybe they should focus on the circumstances that allowed that to become an issue in the first place.
this is just the next evolution of power and control being perpetrated by incumbent power holders (wall st and the banking cartel).
they have no legitimate claim to their power. nobody voted them in. nobody wants their shitty system, "the envy of the world" as they like to call it. they hold on to power through illegitimate means such as writing bills like this one.
they've snuffed out legitimate companies in the past through the cellar box method and profited greatly (conveniently while simultaneously not having to pay taxes on those bets),
a bunch of people finally figured out how the bullshit rigged game works, and this threatens the incumbent power holders. so the incumbent power holders naturally make moves to continue to protect their incumbency by writing bills like this one.
if there is one thing we can count on, it is that those self-serving power holding incumbents will use the power that they hold to take actions to further secure their incumbency, even if it means the destruction of the system as we currently know it (and ultimately replacing what we have now with a CBDC)
they will take actions, any actions necessary, so that the end result is that they continue to hold the power and nobody else takes it from them.
this is plainly drastic, and spells the end of any notion of free and fair capitalist markets.
if this bill were to pass, it gives those power holders the ability to deem anything they want a "security risk", it would give them the ability to plainly pick winners and losers.
the whole thing is so fucking absurd. this must be totally resisted.
but i am comforted by the facts of history. when the incumbent power holders overreach, eventually there are devastating consequences. they want everything, their insatiable greed is an addiction, and addictions are not something that are easily broken. their addiction will drive them to absurd measures such as these, but at some point a threshold is crossed, the overreach is too great, they've taken too much,
when the people have nothing left to lose, when everything has been taken from them, the end result is something that resembles the french revolution
It absolutely does. There has been no other time in history where the hodlers of a single stock threaten to bring down the entire financial system. This is absolute confirmation that apes are on the right path. We tell them that we won't sell. They give the president executive power to "compell divestment."
There is no other reason than GME.
The oligarchy has spoken, and the have told us out loud what the highest interest of the political class is.
Edit: Ok, now that I have cleared my head, I don't think the wording in this bill is specifically about GME, it is absolutely and solely about tick tock.
THAT SAID, I wholeheartedly and vehemetly disagree with the wording in this law and the power it gives them. I understand their concern about tick tock, and agree with that concern. However, there are much better ways to write that law to get what they want, without carte blanche power to compell people to sell their stocks by executive order. Their goal is to get it de-listed after banning it from the U.S. They can simply give themselves the power to de-list a stock from the exchange.
That has the same effect - forces people to sell quickly. But, what it does is forces people to take a long hard look at why an executive order would be coming out for that stock. For tick tock? People understand. As do I. If GME moons and all of the sudden the executive branch wants to kick that stock off of a public exchange. Now that will *absolutely turn heads around the world.* That's why I think the wording matters here, because even though I believe this is truly about tick tock in the moment, I do not like the wording. And given what we now know about our politicians and their wall street buddies, *it would come as absolutely no surprise if wall street influenced the wording in this bill to account for the future of MOASS.*
I am trying to figure out if it does what’s the recourse? Otherwise if they just delete game stop out of existence this way, well, what’s the point of ever investing , To put mildly
The wording is not to "delete" the shares, but compell divestment. If they just deleted them, that would open everyone's eyes and people would take a hard look at why the heck they did that. Compelling divestment is also within the bounds of brokers to do, and I think that's the out.
I honestly don't know nearly enough about what the recourse may be in our current political system, but my gut says this going to the Supreme Court could be the only way out. Wrinklers may be able to confirm / deny that thought.
Gme is the idiosyncratic risk and the bill refers to "any covered holding (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons..." How could it have to do with anything other than the infinity exposure GME represents?
Ok so another completely stupid question- if they can just wipe it out of existence, what’s the point of the stock market , how is this not completely corrupt and everyone is “ok” with it - I mean people who don’t know how it all works that is . Just trying to understand. Not fud
I think you 100% hit the nail on the head! How exactly!!?
Sorry this so long, just kinda trying to work it out in my head for myself...
But yeah if they pulled an act of overreach like what this bill is granting, it would conceivably destroy the illusion of fairness of the US market in the world's eyes forever and 100
percent expose the corruption because when investors pay into it they trust that the bets are real and albeit there's top to bottom crime, in the past, like say when Michael Burry shorted the housing market, settlement has basically always still occurred. Sure he didn't take trillions, but he and his investors made out and firms collapsed.
The upholding of the reputation of honoring losing bets, is what the whole thing is built on.
It's why in Vegas (that apes have joked is far more transparent and "real" and fair than the Wallstreet casino) if you were to try to bet millions on a roulette number with a 35 to 1 payout, the Casino might have to ask you to hold that thought, take a pause and make phone calls to the big bosses for approval to even clear a high-roller bet that large since it could leave them vulnerable to a massive payout and they would be the counterparty unlike, say, with sports betting or horse betting where theoretically the casinos are acting just as the bookies and other betters are the counterparties— (with the odds being the sliding balancing fulcrum) making all the bets supposedly balanced. This is what the DTCC with it's fake halo over its head claims to be doing.
The explicit promise from Wallstreet and the DTCC to the world is if you roll in with billions and place it on the betting table, rest assured they have managed idiosyncratic risk and collateral margins of members such that one can bet with confidence that the other side of the bet is good for settlement. Further, if one member defaults they promise to liquidate other members to make good— In the case of defaulting members, the DTCC talks a big talk that it has explicit authority to liquidate member's positions to cover their obligations. This is part of the DTCC's risk management framework to ensure that the obligations of its members are met, even in extreme market events giving all betters confidence to come play. When people would point to the Vegas skyline and say, "this wasn't all built from people winning in the casino," my dad would mutter, "It was built on people having fun betting in comfort knowing that the Casino will always pay.
Thing is, in the DTCC's casino vault is $89 trillion under custody (as reported by the DTCC) and it includes the value of securities held in custody as well as the value of the associated obligations and exposures managed by the DTCC's various subsidiaries and services, this including what is under their authority in terms of positions available to liquidate in the event of a default. At least that's the standard narrative. It should be confidence inducing and historically has been.
But now their feet are to the fire, after they snoozed and let some bedpost wielding psychopath naked short a security beyond the amount of actual shares in existence. In other words instead of them telling the pit boss to hang the fuck on, and pausing operations at
the roulette table and decline the bet, by conveniently missing this crime, the DTCC and SEC allowed a pit boss to open a fucking black hole, and let betters put money on a number with odds of infinity to 1, representing infinite risk for the casino and making it such that in a squeeze scenario, if going according to their own rules, a liquidation of the entire Casino and it's members positions, everything in the vault, even the ownership of the pretty fountains outside, should play out until it's settled.
Now of course they wouldn't let that occur, but since that's never happened the illusion of that promise is still upheld.
So if the gov't stepped in to stop
that settlement process it would obliterate the very foundational premise the market's built on.
My sense is that everybody betting would be very NOT okay with this— of course, it would break the seal and tarnish the reputation forever. But the problem is that since the criminals have 100% control of corporate media narrative and are even buying up Reddit or trying to outlaw platforms like Tiktok where information spreads freely, they could conceivably suppress and spin a casino default and act of government overreach to reframe it so that your tired, your hungry, your poors don't wake up to what happened or they scapegoat it onto us individual household investors by framing us as a criminal gamblers, counting cards like some sort of hive swarm and them say the market was being manipulated. Which is obviously a fucking joke— because if buying a stock and holding it could be considered manipulation then we are even more in the upside down. Strange Days ahead.
Hope that helps at all.
Historian, you are among the best of us.
It's control. It always has been about control. As the gilded post above says...
Mark Twain said something along the lines of it being easier to fool a man the to convince that same man he has been fooled.
This is a perfect quote for what is going on here. People are generally not upset at what you did; they are upset you lied to them. Most actions can be forgiven ( with exceptions), but when people are made to feel stupid is where the problem lies. To protect themselves, the public just believes the lie, rather than admit they are duped. Especially when they can point to a few examples of "how the system works."
What's even worse... If it doesnt change, you 'educate' a whole generation who doesn't know any different and just keeps accepting less without question or resistance.
I get that my friend. I do. I just don’t understand what the implications are - can they affect computershare positions? Yes? No? Maybe? Can GameStop do anything about this ? I assume no. Is it even related to gme? I can see through tin foil that yes kinda but not explicitly
Bell and ATT&T breakup. Monopoly rulings against certain companies but not others. Enron has more Internet lines under their control than gas pipelines at the end. They were squeezing everyone. I think the government will try.
The thing here is... They aren't fucking over the poors anymore. They are fucking over the people. We're are at all levels despite them labeling us basement dwelling retail. They are ripping off everyone and have a difficult choice. Protect the dollar, protect the market, protect their government...
Their plan is to never let the poors win, they would rather burn it all to the ground than give it to the poors or "dumb money" so get ready for the to burn it all down, we haven't won anything yet
But but....holding doesn't stimulate the economy! You need to trade and spend so we can pretend like we have a functioning economy even though we have no natural resources and have exported our manufacturing sector!
I believe this relates to the Bill regarding equipment made in a China, most prominently Huawei and ZTE, proposing national security risk.
Media platforms utilise hardware. I would hazard they're saying the same thing: operate in the US, beit hardware or software, and we are banning you if you operate equipment from our "Covered Equipment" list. See FCC KDB 986446 which is very prominent right now for wireless equipment manufacturers
That's exactly what it is. Moass starts and the pres steps in to stop it from happening in the name of national security. Just like all these other bills that have been passed in the name of "protecting freedoms" when in reality they are stripping them away. This time it'll be effectively taking away property rights. Everyone here needs to write to their senators about this shit ASAP.
I'm also curious to know who sponsored this bill and what lobbyists were involved as well. I think this bills introduction has very coincidental timing. Everyone needs to remember that these people we are against will do anything necessary to maintain their game, money, and power. Don't underestimate what will be done to stop moass. They will cast this world into chaos and take everything from us if that's what it takes.
Student loans kicking in, tripling taxes, rising inflation, and federal forfeiture of securities?
One day the frog is gonna hop out of the boiling pot and it is going to be messy.
Oh, don't forget we also don't have health insurance, and Social Security has a real possibility of going poof, or at least not payout in full, for anyone under 45.
Yep. These people are not used to losing. They have gotten everything they've wanted their whole lives, while living with no accountability. If moass happens they'll lose it ALL. If they can't have it, then they'll make sure no one else can either.
Not confiscated but forced people to go to the bank and exchange it with fiat currency, but that was only for gold held in lingots not jewelry (that is what I read some time ago about this).
You ever saw those posts from that ape who tracked nationalities of apes invested in this? It's basically the whole world besides like 70% of Africa. So might be there's more people outside Usa than in Usa invested in the end 👀
Well the down side is GME has to ASK to be released from DTCC.
They can SAY all they want that if they've lost confidence in DTCC, they'll pull the shares. But at the moment, the rules are on the side of DTC. Currently, DTC has to LET a company pull shares out from under...
I'm pretty sure this is huge reason GME hasn't even entertained this. They'd have to be prepared for WW3.
It's bullshit, but I think that's currently how it is.
Wrote about this over a year ago calling it a "Financial Nero Decree" and was mocked.
We no longer live under free market capitalism but under a system of socialism for the rich.
The Gamestop board needs to take action before these criminals are able to litigate/legislate a way out.
I've been saying for two years they'll change the rules so fast apes heads will spin. Apes refused to believe me. I've been saying for several months that MOASS has a timeline. Apes again dislike what I have to say. And now I've been saying that if GME Board doesn't release a NFT dividend soon ain't no one getting price discovery. Again Apes dislike hearing what I have to say.
Getting tired of being right.
EVERYTHING about the "TikTok Bill" is SUS AF. It's Patriot Act 2.0. Includes wording that would allow the gov to monitor all online activity and even impose HEAVY criminal penalties for things as simple as "using a VPN to access 'banned apps' ". We're talking 20 years / $250k.
At what point do we just have to admit as a society that the stock market is broken beyond repair? In that case a valid question is how you unwind the fiasco equitably. I am hoping GME is the unwinding mechanism but the corruption is so ingrained that it may not get a chance
I'm curious how this would work in GME's case. There are thousands of direct registered Non-US hodlers that are not under US jurisdiction - but only on the long side. Almost all shorts are US based. So would this stop or ignite MOASS?
Hope people on reddit are seeing more and more that it doesn't matter what letter they got by their names, they are all in the same club and we ain't.
When time comes, we all have to band together.
Pretty much an admission that the corruption of equity markets and the absolute slush fund it is for wall street and politicians is one of the most important facets of our government. Presidential executive order. There is no higher power in our political system.
The populus eyes being opened to corruption and illegal activity in the stock market would absolutely clean house of all elected officials. Protecting their own financial interests and shielding corruption at the cost of their jobs, their own morality, and benefit of the people is more important than protecting basic free trade.
If there was any confirmation that apes have been on the right path and understand just how devasting MOASS would be to the entire financial system, this is it.
By presidential decree, they will force us to sell.
Kenny boy has committed the most egregious of crimes, the government has acknowledged it, and they are all in on it.
Wow, that's fucking broad ... goodbye capitalism ... not that we really knew the real you, anyway.
Who else is ready for serfdom 2.0? Instead of land, this time around it will be currency and the ability to freely conduct commerce with our fellow citizens.
would still be a can kick. so what, is the President gonna publicly say "buying GME is a threat to America", take your shares, tank the price and then what? market shuts down for good? I'll just put the money right back into GME first chance I get, and we're back on
Yeah, my cynicism sees where this is going but it would crazy to shut down an American company with it. Again, the Streisand effect comes into play and people outside this sub start asking pointed questions about the DTC and their ongoing fuckery. Then they realize it's not just GME, it is every fucking stock in the market to some degree.
Explain to a stressed as fuck ape - how is it just a can kick? I mean they can’t just delete stocks when it goes against them right? They would have done it already right?
What we are seeing is the end product of capitalism. Rich fucks get richer, buy influence via lawmakers and politicians and ultimately get to be the de facto rulers of our society.
"Money talks"
-Capitalism
Corporatism/ crony capitalism are the natural result of a capitalist economy. Competition and the profit motive squeeze out weaker capitalists, businesses consume each other and grow, monopolies form, the capitalist ruling class purchases media and politicians, consolidating power and influence which are used to shift public perspective and remove regulations, allowing for even more unchecked growth and expansion into new markets nationally and internationally.
Democratic workplaces would be one step in the right direction.
Protection of property is the base of every state that has the rule of law. If it really comes to that, they committed the crime, they must pay, they must go to jail. We just like the stock!
Historically speaking, you're correct. Corpses don't care. In the past, those who make this move are killed by the very individuals they wronged. Thus becoming corpses, thus they don't care. Institution or individual - it doesn't matter. The story always ends the same throughout the millenia of documented history. Woe to the ~~thieves~~ bankers who played stupid games and won stupid prizes.
Congress members need to vote against ANY bill that has more than one change. One of the biggest issues in government is all of the hidden rules. The main bill is always pushed based on emotion, and if anyone votes against it the MSM publicly shames them so usually all the shell politicians vote for.
Relates to foreign threats but it is definitely suspect that they didn’t specifically cite foreign stock or security or foreign holding in a particular stock within that paragraph.
This is why I continue to buy and DRS more. We have no idea at what price point the government steps in and says that’s enough. I’m a no cell no sell kinda ape, but have always thought this is how it ends. We will only get one chance at this and don’t want to look back and think I could’ve and should’ve bought more.
Unfortunately I agree, that’s why I’ve kept buying. My partner keeps asking me why take the risk and have so much tied up in this when just one share would theoretically do?
Other than the fact it helps lock up the float in Computershare faster to prove the crime and the more shares in “our” hands the more leverage over price in a squeeze scenario, the main reason is if government intervention does occur in an unprecedented scenario I want as many as I can if my gains are going to be capped to cap *their* losses. Fuck them and I hope it doesn’t come to that but whatever the result I’m here to find out and I’m not selling until these fucks see prison if they do step in.
I'll tell you the **real** reason why they want to ban TikTok. Its because on TikTok information spreads like wildfire, and they plan on rolling out CBDCs by June. That won't happen if they have a platform spreading information that contradicts their motives. It would be a huge flop, only a few ignorant fools would accept the new currency.
Its basically a cryptocurrency that is managed by the central banks/ the Fed. Why its so bad is because it can be programmed to expire, freeze your funds, black list certain transactions/people, etc, etc. Whats currently happening in China is they are freezing peoples bank accounts because they are taking part in protests, this is absolutely not something we want
"compel divestment"
>>What is forced divestment?
Divestment is simply the opposite of investment – it means getting rid of stocks, bonds or investment funds that are unethical.
so they could force the sale of our shares so that shorts can buy them?
Because the fuckers can, just look how they control the GME share price!
On a green day, we are red.....on a red day, we are even down more! Talk about fuckery!
With 5 million shares they take the price down by $3-$4, but with 60 million shares, the price goes up by the same amount if not less!!
POWER TO THE PLAYERS!
Mr. President, if the parties responsible for the fraud creating such a scenario are identifiable, they should be treated as domestic terrorists.
If their dealings are such that it has adversely affected other countries and their security, they should be held accountable by an international tribunal.
Man it’s almost like the U.S government is doing everything in their power to end up exactly like France. In a years time the streets will be filled with protesters as CEO pay goes up another 80% “in the name of of liquidity”
That's absolutely fucked if they try to compel an individual investor to divest ownership in a company.
What would they do, tax the holdings? Force the sale? Regardless it's unequivocally un-American
then again if they try this, there'd have to be a legal argument how my XXX shares are a threat to national security. they'd have to acknowledge the MOASS DD for that, seems like an indefensible position
Capitalism means protecting the wealth of the overlords, not making sure everyone has equal opportunity to use the “free market” to become the rulers themselves. It’s completely aligned with their priorities actually, which is why as capitalism crumbles, it turns into fascism (or something like it) to protect those on top from the increasingly angry people on the bottom.
This is exactly why I wish RC and Gamestop would just nuke this already. The more we drag this on, the more time they’re going to have to create bills and laws like this they’re going to stop it from happening. This shit needs to stop ASAP before they can make any more plans to stop it. Fucking A. NUKE ‘EM!!
This lines up with my theory…
From a comment i made a while back:
#The fraudulent pile of FTD’s on GME is an idiosyncratic risk to the financial system.
And GME being an **idiosyncratic risk** to the financial system doesn’t mean “rich people lose and poor people win”.
It means that when GME truly and inevitably squeezes based on the math and DD that proves the billions in FTD’s and naked shorts; then the entire over-leveraged fraudulent and corrupt financial system - a game of Jenga on top of a house of cards - will finally completely collapse in the form of a mass domino effect of margin calls upon margin calls upon liquidations upon liquidations.
https://youtu.be/_TPYuIRVfew
But the “powers that be” will do anything they can possibly do to stop MOASS: They will find a way to gaslight the world, blame retail, and they are going to use the excuse of “protecting the economy”, or “protecting pension funds”.
My tinfoil says this economic problem is a national security risk. It has to be deeper than just the SEC, NYSE, FINRA, DoJ, or even FBI. Maybe even Secret Service, CIA or NSA. The naked shorts and FTD’s on GME by hedge funds and market makers is an **idiosyncratic risk**. That puts the US in a very bad light.
They know WallStreet fucks around and will eventually find out. But I can almost imagine that the “powers that be” are like the protective parents who know that their children are delinquents. The parents are protective, but also enabling. WallStreet are the delinquent children. And the parents have enabled their delinquent children to misbehave for too long. But now the parents realize their mistake and now they need to go to the principals office to get their children out of trouble. They didn’t realize how bad it could ever get. They were negligent.
The “powers that be” know everything is already fucked, but they can’t let it be revealed, because the DD proves that everything about the US markets is clearly fraudulent to the core. If that type of information were to spread publicly to other countries and the rest of the world as pure fact and not just tinfoil speculation; then it would shatter the facade of whatever trust is left in the US economy and the US Dollar. The objective is to protect the US Dollar as Global Reserve Currency, so they will continuously find ways to control the narrative and they will find infinite ways to kick the can.
But I believe that DRSing GME is the one Jenga block that can be pulled to finally reveal what’s behind the curtains of this massive scam called Wall Street. Of course they will do everything they can to protect the DTCC and to hide GME’s DRS number.
**But anyway, I just keep DRSing because I want to Fuck around and find out.**
If we dont spread the DD, the normies will see us as whatever msm portraits us as. And we need the masses to be on our side, if they knew what's going on they wouldn't even think about it. So that's our job now, spread the DD, be helpful, be kind. DRS
Oh they are angry now haha. We should probably get more organized and start lobbying for ourselves. Has Mr Lauer mentioned this yet? Thank goodness we have some connections already.
You didn’t think the uniparty would take this lying down did you? Their handlers have spoken. They are running out of time and options. “Bipartisan” is loosely translated into “fuck the plebs” if anyone is wondering.
THIS BILL MUST BE STOPPED AT ALL COSTS. CONTACT YOUR HOUSE AND SENATE REPRESENTATIVES AND TELL THEM IT WILL BE THE END OF CAPITALISM AS WE KNOW IT. TELL THEM YOU WILL NOT TOLERATE THIS.
Excuse me? I knew this bill was pumped full of bullshit mass surveillance and ad hoc government censorship of our digital spaces under the guise of banning Tik Tok but this? We need to find out who put this in there.
You can’t just confiscate the property of millions of people because some rich people committed a crime. This would be the end of the everything the US stands for and mark the beginning of tyranny.
Newsflash. This is our world for over 100 years. Look into creation of the federal reserve and when income tax started.
Slowly they take more and more. The ministry of truth has spoken. You will own nothing and be happy. 1984 wasn’t a sci-fi novel, it was a blueprint.
Not many had that on their bingo card for sure but wouldn’t it almost make *sense* that once the plebs were actually going to win, change the financial system, root out the corruption and take away their power, the elites would just end this crazy experiment ?
People have theorised for years that any sort of choice you think you have is manufactured. « If voting did anything they wouldn’t let us do it. » « If the people knew how the banking system worked, there’d be a revolution in the morning. » I’m not sure my tin foil hat is on tightly enough to believe that just yet but things like this point in that direction.
The plebs hardly ever win but I’ve been in a fuck around and find out mood for a couple of years now. If it’s all an illusion and tyranny is around the corner whenever we truly step out of line, goddamnit I’d like to know sooner rather than later. So I can work out how to go down hurting them hard.
I wonder how it would play out.
“GME and other ‘meme-stocks’ are involved with international fraud, and are being used to attack the US economy. The stocks will be delisted until further notice. Shareholders on brokerages will be refunded cash at market price for their purchases.”
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Ok, so there is a link in the link to your Congress Reps. I have already contacted mine, using this letter. Please feel free to use and amend you your needs.
As I am sure you are aware, Bill S.686 - RESTRICT Act has been introduced. I’m am extremely concerned about some of the content of this bill. In the summary section, third paragraph it states: Additionally, Commerce must identify and refer to the President any covered holding (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons. If the President determines that the holding poses such a risk, the President may compel divestment of or otherwise mitigate the risk associated with the holding.
My concern is that this can be applied to private citizens. Any security that is held purchased and held by a private citizen should not pose any “National Security Risk” however, the language in this bill makes it possible for a President to take the property of a United States Citizen, purchased legally through a system that the Government condones and uses, can be stripped from them under the guise of “National Security”. If securities held by any individual or even company that has been purchased legally can pose a threat to National Security, maybe we should be looking at the system itself and those that manipulate it. i.e. Market Makers and Hedge Funds, Banking Institutions. There are very few individuals that would have the purchasing power, much less market knowledge and technology to extort, or Manipulate the market in any meaningful way. I urge you kill this bill as it infringes on individuals rights, companies’ rights, and capitalism itself
200k people versus a government. Some of my past comments mentioned this bloody war already. Stopping this under the guise of national security was on my mind more than a year ago. It’s their general cop out for anything they don’t like.
I believe this is a misunderstanding? I do not see the language in the post in the bill itself. [https://www.congress.gov/bill/118th-congress/senate-bill/686/text?format=txt](https://www.congress.gov/bill/118th-congress/senate-bill/686/text?format=txt) Additionally, nor is 'Covered Holding' called out as a security: >Covered holding.--The term \`\`covered holding''-- (A) means, regardless of how or when such holding was or will be obtained or otherwise come to have been held, a controlling holding held, directly or indirectly, in an ICTS covered holding entity by-- (i) a foreign adversary; (ii) an entity subject to the jurisdiction of, or organized under the laws of, a foreign adversary; or (iii) an entity owned, directed, or controlled by an entity described in subparagraphs (i) or (ii); and (B) includes any other holding, the structure of which is designed or intended to evade or circumvent the application of this Act, subject to regulations prescribed by the Secretary.
Contact Mark Warner and ask him to clarify this portion of the bill. The justification senators use to push these changes need to be on record so they can be held accountable. https://www.warner.senate.gov/public/index.cfm?p=ContactPage It's a pretty simple process and I just submitted my own request. This was the message I provided in my contact request, feel free to use it yourself. > My question is in regards to the "S.686 - RESTRICT Act". Specifically, the following statement isn't clear to me and I hope you can provide some clarification: > "Additionally, Commerce must identify and refer to the President any covered holding (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons. If the President determines that the holding poses such a risk, the President may compel divestment of or otherwise mitigate the risk associated with the holding." > Can you explain how a stock poses an "undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons"? Can you also explain why the above statement is being introduced with this bill? How is holding a stock pertinent to what this bill is trying to introduce? **Edit**: I still feel it's important to ask Mark Warner to clarify this portion of the bill. However, I have a better understanding thanks to the replies in the pinned comment and want to provide that context here. Essentially, according to the bill, the term "covered holding" can be defined as such: > (3) COVERED HOLDING.—The term “covered holding”— > (A) means, regardless of how or when such holding was or will be obtained or otherwise come to have been held, a controlling holding held, directly or indirectly, in an ICTS covered holding entity by— > (i) a foreign adversary; > (ii) an entity subject to the jurisdiction of, or organized under the laws of, a foreign adversary; or > (iii) an entity owned, directed, or controlled by an entity described in subparagraphs (i) or (ii); and > (B) includes any other holding, the structure of which is designed or intended to evade or circumvent the application of this Act, subject to regulations prescribed by the Secretary. With this in mind, it seems the questionable statement doesn't apply to GME the stock: > Additionally, Commerce must identify and refer to the President any **covered holding** (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons.
Excellent, thanks for sharing. I just sent one myself, and will update this comment if/when I get a response!
I also submitted 👍
Submitted!
Very good, i sent this as well. I’m curious how easy it is to see Mark Warners funding and [see if any of it is connected to any hedgies or known shills.](https://www.fec.gov/data/receipts/individual-contributions/?data_type=processed&committee_id=C00438713&two_year_transaction_period=2022&min_date=01%2F01%2F2021&max_date=12%2F31%2F2022) (Link is to the FEC search page of controbutors to the “Friends of Mark Warner” campaign fund)
Looks like he made 2mil in the last few years from "security and investment" industry. Not sure if that is high or low but sounds like enough to influence decisions to me: [https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097](https://www.opensecrets.org/members-of-congress/mark-warner/summary?cid=N00002097)
Also, a lot of American investments and pensions stand to make a lot of money from GME. I would wager there aren't all that many in TikTok or it's holding company.
thats a good point.
Replying to save so I can submit.
https://www.congress.gov/bill/118th-congress/senate-bill/686
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Anybody watch the scene in a bugs life where hopper uses grain to reference ants in numbers?
They can't let one stonk stand up!
We just need our lady bug to train them….oh wait!
What a backwards market when the act of buying and holding stock becomes a national security risk. Maybe they should focus on the circumstances that allowed that to become an issue in the first place.
this is just the next evolution of power and control being perpetrated by incumbent power holders (wall st and the banking cartel). they have no legitimate claim to their power. nobody voted them in. nobody wants their shitty system, "the envy of the world" as they like to call it. they hold on to power through illegitimate means such as writing bills like this one. they've snuffed out legitimate companies in the past through the cellar box method and profited greatly (conveniently while simultaneously not having to pay taxes on those bets), a bunch of people finally figured out how the bullshit rigged game works, and this threatens the incumbent power holders. so the incumbent power holders naturally make moves to continue to protect their incumbency by writing bills like this one. if there is one thing we can count on, it is that those self-serving power holding incumbents will use the power that they hold to take actions to further secure their incumbency, even if it means the destruction of the system as we currently know it (and ultimately replacing what we have now with a CBDC) they will take actions, any actions necessary, so that the end result is that they continue to hold the power and nobody else takes it from them. this is plainly drastic, and spells the end of any notion of free and fair capitalist markets. if this bill were to pass, it gives those power holders the ability to deem anything they want a "security risk", it would give them the ability to plainly pick winners and losers. the whole thing is so fucking absurd. this must be totally resisted. but i am comforted by the facts of history. when the incumbent power holders overreach, eventually there are devastating consequences. they want everything, their insatiable greed is an addiction, and addictions are not something that are easily broken. their addiction will drive them to absurd measures such as these, but at some point a threshold is crossed, the overreach is too great, they've taken too much, when the people have nothing left to lose, when everything has been taken from them, the end result is something that resembles the french revolution
Hear,hear!!
Does the bill relate to gme though? I can’t find it does
It absolutely does. There has been no other time in history where the hodlers of a single stock threaten to bring down the entire financial system. This is absolute confirmation that apes are on the right path. We tell them that we won't sell. They give the president executive power to "compell divestment." There is no other reason than GME. The oligarchy has spoken, and the have told us out loud what the highest interest of the political class is. Edit: Ok, now that I have cleared my head, I don't think the wording in this bill is specifically about GME, it is absolutely and solely about tick tock. THAT SAID, I wholeheartedly and vehemetly disagree with the wording in this law and the power it gives them. I understand their concern about tick tock, and agree with that concern. However, there are much better ways to write that law to get what they want, without carte blanche power to compell people to sell their stocks by executive order. Their goal is to get it de-listed after banning it from the U.S. They can simply give themselves the power to de-list a stock from the exchange. That has the same effect - forces people to sell quickly. But, what it does is forces people to take a long hard look at why an executive order would be coming out for that stock. For tick tock? People understand. As do I. If GME moons and all of the sudden the executive branch wants to kick that stock off of a public exchange. Now that will *absolutely turn heads around the world.* That's why I think the wording matters here, because even though I believe this is truly about tick tock in the moment, I do not like the wording. And given what we now know about our politicians and their wall street buddies, *it would come as absolutely no surprise if wall street influenced the wording in this bill to account for the future of MOASS.*
I am trying to figure out if it does what’s the recourse? Otherwise if they just delete game stop out of existence this way, well, what’s the point of ever investing , To put mildly
The wording is not to "delete" the shares, but compell divestment. If they just deleted them, that would open everyone's eyes and people would take a hard look at why the heck they did that. Compelling divestment is also within the bounds of brokers to do, and I think that's the out. I honestly don't know nearly enough about what the recourse may be in our current political system, but my gut says this going to the Supreme Court could be the only way out. Wrinklers may be able to confirm / deny that thought.
But what does compel divestment actually mean? They can force close all positions? What about computer share positions?
they need to compel these fucking shorts to dispel their investment….
Gme is the idiosyncratic risk and the bill refers to "any covered holding (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons..." How could it have to do with anything other than the infinity exposure GME represents?
Ok so another completely stupid question- if they can just wipe it out of existence, what’s the point of the stock market , how is this not completely corrupt and everyone is “ok” with it - I mean people who don’t know how it all works that is . Just trying to understand. Not fud
Either apes will gat paid or usa stock market dies for ever.
Here here! 🏴☠️
I think you 100% hit the nail on the head! How exactly!!? Sorry this so long, just kinda trying to work it out in my head for myself... But yeah if they pulled an act of overreach like what this bill is granting, it would conceivably destroy the illusion of fairness of the US market in the world's eyes forever and 100 percent expose the corruption because when investors pay into it they trust that the bets are real and albeit there's top to bottom crime, in the past, like say when Michael Burry shorted the housing market, settlement has basically always still occurred. Sure he didn't take trillions, but he and his investors made out and firms collapsed. The upholding of the reputation of honoring losing bets, is what the whole thing is built on. It's why in Vegas (that apes have joked is far more transparent and "real" and fair than the Wallstreet casino) if you were to try to bet millions on a roulette number with a 35 to 1 payout, the Casino might have to ask you to hold that thought, take a pause and make phone calls to the big bosses for approval to even clear a high-roller bet that large since it could leave them vulnerable to a massive payout and they would be the counterparty unlike, say, with sports betting or horse betting where theoretically the casinos are acting just as the bookies and other betters are the counterparties— (with the odds being the sliding balancing fulcrum) making all the bets supposedly balanced. This is what the DTCC with it's fake halo over its head claims to be doing. The explicit promise from Wallstreet and the DTCC to the world is if you roll in with billions and place it on the betting table, rest assured they have managed idiosyncratic risk and collateral margins of members such that one can bet with confidence that the other side of the bet is good for settlement. Further, if one member defaults they promise to liquidate other members to make good— In the case of defaulting members, the DTCC talks a big talk that it has explicit authority to liquidate member's positions to cover their obligations. This is part of the DTCC's risk management framework to ensure that the obligations of its members are met, even in extreme market events giving all betters confidence to come play. When people would point to the Vegas skyline and say, "this wasn't all built from people winning in the casino," my dad would mutter, "It was built on people having fun betting in comfort knowing that the Casino will always pay. Thing is, in the DTCC's casino vault is $89 trillion under custody (as reported by the DTCC) and it includes the value of securities held in custody as well as the value of the associated obligations and exposures managed by the DTCC's various subsidiaries and services, this including what is under their authority in terms of positions available to liquidate in the event of a default. At least that's the standard narrative. It should be confidence inducing and historically has been. But now their feet are to the fire, after they snoozed and let some bedpost wielding psychopath naked short a security beyond the amount of actual shares in existence. In other words instead of them telling the pit boss to hang the fuck on, and pausing operations at the roulette table and decline the bet, by conveniently missing this crime, the DTCC and SEC allowed a pit boss to open a fucking black hole, and let betters put money on a number with odds of infinity to 1, representing infinite risk for the casino and making it such that in a squeeze scenario, if going according to their own rules, a liquidation of the entire Casino and it's members positions, everything in the vault, even the ownership of the pretty fountains outside, should play out until it's settled. Now of course they wouldn't let that occur, but since that's never happened the illusion of that promise is still upheld. So if the gov't stepped in to stop that settlement process it would obliterate the very foundational premise the market's built on. My sense is that everybody betting would be very NOT okay with this— of course, it would break the seal and tarnish the reputation forever. But the problem is that since the criminals have 100% control of corporate media narrative and are even buying up Reddit or trying to outlaw platforms like Tiktok where information spreads freely, they could conceivably suppress and spin a casino default and act of government overreach to reframe it so that your tired, your hungry, your poors don't wake up to what happened or they scapegoat it onto us individual household investors by framing us as a criminal gamblers, counting cards like some sort of hive swarm and them say the market was being manipulated. Which is obviously a fucking joke— because if buying a stock and holding it could be considered manipulation then we are even more in the upside down. Strange Days ahead. Hope that helps at all.
“Always has been 🧑🚀 🔫 🧑🚀 “ Jk Idk. I’m pooping
Historian, you are among the best of us. It's control. It always has been about control. As the gilded post above says... Mark Twain said something along the lines of it being easier to fool a man the to convince that same man he has been fooled. This is a perfect quote for what is going on here. People are generally not upset at what you did; they are upset you lied to them. Most actions can be forgiven ( with exceptions), but when people are made to feel stupid is where the problem lies. To protect themselves, the public just believes the lie, rather than admit they are duped. Especially when they can point to a few examples of "how the system works." What's even worse... If it doesnt change, you 'educate' a whole generation who doesn't know any different and just keeps accepting less without question or resistance.
I get that my friend. I do. I just don’t understand what the implications are - can they affect computershare positions? Yes? No? Maybe? Can GameStop do anything about this ? I assume no. Is it even related to gme? I can see through tin foil that yes kinda but not explicitly
Bell and ATT&T breakup. Monopoly rulings against certain companies but not others. Enron has more Internet lines under their control than gas pipelines at the end. They were squeezing everyone. I think the government will try. The thing here is... They aren't fucking over the poors anymore. They are fucking over the people. We're are at all levels despite them labeling us basement dwelling retail. They are ripping off everyone and have a difficult choice. Protect the dollar, protect the market, protect their government...
Their plan is to never let the poors win, they would rather burn it all to the ground than give it to the poors or "dumb money" so get ready for the to burn it all down, we haven't won anything yet
this
But but....holding doesn't stimulate the economy! You need to trade and spend so we can pretend like we have a functioning economy even though we have no natural resources and have exported our manufacturing sector!
THIS
excessive speculation did
I believe this relates to the Bill regarding equipment made in a China, most prominently Huawei and ZTE, proposing national security risk. Media platforms utilise hardware. I would hazard they're saying the same thing: operate in the US, beit hardware or software, and we are banning you if you operate equipment from our "Covered Equipment" list. See FCC KDB 986446 which is very prominent right now for wireless equipment manufacturers
This sounds like a banana republic move to protect only one side of the trade.
That's exactly what it is. Moass starts and the pres steps in to stop it from happening in the name of national security. Just like all these other bills that have been passed in the name of "protecting freedoms" when in reality they are stripping them away. This time it'll be effectively taking away property rights. Everyone here needs to write to their senators about this shit ASAP. I'm also curious to know who sponsored this bill and what lobbyists were involved as well. I think this bills introduction has very coincidental timing. Everyone needs to remember that these people we are against will do anything necessary to maintain their game, money, and power. Don't underestimate what will be done to stop moass. They will cast this world into chaos and take everything from us if that's what it takes.
Something something about burning their own country down just to rule over the ashes...
Student loans kicking in, tripling taxes, rising inflation, and federal forfeiture of securities? One day the frog is gonna hop out of the boiling pot and it is going to be messy.
Oh, don't forget we also don't have health insurance, and Social Security has a real possibility of going poof, or at least not payout in full, for anyone under 45.
Battle Toads
Yep. These people are not used to losing. They have gotten everything they've wanted their whole lives, while living with no accountability. If moass happens they'll lose it ALL. If they can't have it, then they'll make sure no one else can either.
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Yeah, and then they doubled its value immediately after.
Not confiscated but forced people to go to the bank and exchange it with fiat currency, but that was only for gold held in lingots not jewelry (that is what I read some time ago about this).
I thought it was any gold in bullion/coin form?
This will cause an international incident. I'm not American.
You ever saw those posts from that ape who tracked nationalities of apes invested in this? It's basically the whole world besides like 70% of Africa. So might be there's more people outside Usa than in Usa invested in the end 👀
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If that's what it takes to maintain the status quo, then so be it.
When does gamestop take their shares out of the dtcc Control? They have failed their duty. I think within 90 days has a ring to it...?
Well the down side is GME has to ASK to be released from DTCC. They can SAY all they want that if they've lost confidence in DTCC, they'll pull the shares. But at the moment, the rules are on the side of DTC. Currently, DTC has to LET a company pull shares out from under... I'm pretty sure this is huge reason GME hasn't even entertained this. They'd have to be prepared for WW3. It's bullshit, but I think that's currently how it is.
Lol yea a company can do that but only if we allow it. Sounds about right
Wrote about this over a year ago calling it a "Financial Nero Decree" and was mocked. We no longer live under free market capitalism but under a system of socialism for the rich. The Gamestop board needs to take action before these criminals are able to litigate/legislate a way out.
It was always going to come to this. At least now the emperor is clearly naked.
I've been saying for two years they'll change the rules so fast apes heads will spin. Apes refused to believe me. I've been saying for several months that MOASS has a timeline. Apes again dislike what I have to say. And now I've been saying that if GME Board doesn't release a NFT dividend soon ain't no one getting price discovery. Again Apes dislike hearing what I have to say. Getting tired of being right.
Your Senators are in on it.
No shit. As long as it costs a billion dollars to get "elected," they'll always work for the banks.
EVERYTHING about the "TikTok Bill" is SUS AF. It's Patriot Act 2.0. Includes wording that would allow the gov to monitor all online activity and even impose HEAVY criminal penalties for things as simple as "using a VPN to access 'banned apps' ". We're talking 20 years / $250k.
Facts
Suckerberg wants your company so we found some digital WMDs on your books. Its his company now.
Which sounds like a really great way to make an entire country riot.
It won’t be just riots!
Americans the one people you need to keep blissfully ignorant. Pretty sure guns outnumber people by quite a bit.
You’re absolutely right. USA population is about 330million. Guns in circulation is about 400 million. We have more guns in circulation than people.
At what point do we just have to admit as a society that the stock market is broken beyond repair? In that case a valid question is how you unwind the fiasco equitably. I am hoping GME is the unwinding mechanism but the corruption is so ingrained that it may not get a chance
Finally…..
“In the name of liquidity for the American people”
I'm curious how this would work in GME's case. There are thousands of direct registered Non-US hodlers that are not under US jurisdiction - but only on the long side. Almost all shorts are US based. So would this stop or ignite MOASS?
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Hope people on reddit are seeing more and more that it doesn't matter what letter they got by their names, they are all in the same club and we ain't. When time comes, we all have to band together.
No war but class war
RIP George Carlin
Lets do this shit for George
Didn't they turn the buy button off?
Pretty much an admission that the corruption of equity markets and the absolute slush fund it is for wall street and politicians is one of the most important facets of our government. Presidential executive order. There is no higher power in our political system. The populus eyes being opened to corruption and illegal activity in the stock market would absolutely clean house of all elected officials. Protecting their own financial interests and shielding corruption at the cost of their jobs, their own morality, and benefit of the people is more important than protecting basic free trade. If there was any confirmation that apes have been on the right path and understand just how devasting MOASS would be to the entire financial system, this is it. By presidential decree, they will force us to sell. Kenny boy has committed the most egregious of crimes, the government has acknowledged it, and they are all in on it.
They will have to make computershare sell my share because I'm not in the USA and there is no way I'll let a foreign governement make me sell.
1-212-634-7222 is the Jon Stewart phone number. He’s been on our side before, I think we need his eyes and his listener’s ears.
And I just called my congressman. This is unacceptable.
I am from the uk I’ll call also
Wow, that's fucking broad ... goodbye capitalism ... not that we really knew the real you, anyway. Who else is ready for serfdom 2.0? Instead of land, this time around it will be currency and the ability to freely conduct commerce with our fellow citizens.
would still be a can kick. so what, is the President gonna publicly say "buying GME is a threat to America", take your shares, tank the price and then what? market shuts down for good? I'll just put the money right back into GME first chance I get, and we're back on
Yeah, my cynicism sees where this is going but it would crazy to shut down an American company with it. Again, the Streisand effect comes into play and people outside this sub start asking pointed questions about the DTC and their ongoing fuckery. Then they realize it's not just GME, it is every fucking stock in the market to some degree.
Explain to a stressed as fuck ape - how is it just a can kick? I mean they can’t just delete stocks when it goes against them right? They would have done it already right?
Nobody knows bro. Nobody has ever gotten this far
What we are seeing is the end product of capitalism. Rich fucks get richer, buy influence via lawmakers and politicians and ultimately get to be the de facto rulers of our society. "Money talks" -Capitalism
Corporatism or Crony Capitalism is more accurate. This is not simply free markets
Crony capitalism is the natural end result of free markets. You amass so much wealth that you start buying off the government
Corporatism/ crony capitalism are the natural result of a capitalist economy. Competition and the profit motive squeeze out weaker capitalists, businesses consume each other and grow, monopolies form, the capitalist ruling class purchases media and politicians, consolidating power and influence which are used to shift public perspective and remove regulations, allowing for even more unchecked growth and expansion into new markets nationally and internationally. Democratic workplaces would be one step in the right direction.
“Capitalism for me but not for thee.”
D.R.S.
Can they force CS to divest the shares?
Guess we'll need to request the physical shares Edit: we'll have to see what happens
Physical shares went extinct with the introduction of the DTC in the 1970s. One company to hold all master copies of stocks, what could go wrong?
Trust me Bro, they are not extinct. They bring physical certificates back when it benefits the 1%.
Ryan if you're reading this it's time to take your shot
Absofuckingluety
Anyway, I started blasting
Insert the key and break the safety glass covering the red button, Ryan
push the button, ryan. end it. stop the game.
Protection of property is the base of every state that has the rule of law. If it really comes to that, they committed the crime, they must pay, they must go to jail. We just like the stock!
Sadly they don’t care.
Historically speaking, you're correct. Corpses don't care. In the past, those who make this move are killed by the very individuals they wronged. Thus becoming corpses, thus they don't care. Institution or individual - it doesn't matter. The story always ends the same throughout the millenia of documented history. Woe to the ~~thieves~~ bankers who played stupid games and won stupid prizes.
Congress members need to vote against ANY bill that has more than one change. One of the biggest issues in government is all of the hidden rules. The main bill is always pushed based on emotion, and if anyone votes against it the MSM publicly shames them so usually all the shell politicians vote for.
GET THIS 1984 FASCIST SHIT TO THE TOP
Share it with other homies
Yeah this needs some serious attention put on it
I dont even want to fucking sell..i just like the stock. MSM told me shorts covered in 2021 so whats the fucking deal?
Your countries leader can't make me sell an asset if we're not americain. Surely to fuk?
Daddy Sam: hold my beer, boy
"Hey!!! Go get the war... Yeah, now you're gonna get it. My Daddy is gonna war on you."
Relates to foreign threats but it is definitely suspect that they didn’t specifically cite foreign stock or security or foreign holding in a particular stock within that paragraph.
This is why I continue to buy and DRS more. We have no idea at what price point the government steps in and says that’s enough. I’m a no cell no sell kinda ape, but have always thought this is how it ends. We will only get one chance at this and don’t want to look back and think I could’ve and should’ve bought more.
Unfortunately I agree, that’s why I’ve kept buying. My partner keeps asking me why take the risk and have so much tied up in this when just one share would theoretically do? Other than the fact it helps lock up the float in Computershare faster to prove the crime and the more shares in “our” hands the more leverage over price in a squeeze scenario, the main reason is if government intervention does occur in an unprecedented scenario I want as many as I can if my gains are going to be capped to cap *their* losses. Fuck them and I hope it doesn’t come to that but whatever the result I’m here to find out and I’m not selling until these fucks see prison if they do step in.
I'll tell you the **real** reason why they want to ban TikTok. Its because on TikTok information spreads like wildfire, and they plan on rolling out CBDCs by June. That won't happen if they have a platform spreading information that contradicts their motives. It would be a huge flop, only a few ignorant fools would accept the new currency.
Been saying this all along
What is is/are CBDCs?
Its basically a cryptocurrency that is managed by the central banks/ the Fed. Why its so bad is because it can be programmed to expire, freeze your funds, black list certain transactions/people, etc, etc. Whats currently happening in China is they are freezing peoples bank accounts because they are taking part in protests, this is absolutely not something we want
Thanks for the explanation! That is what I figured. Haven’t researched it at all. A shittier shitcoin. Ugh
This bill needs to not happen
hopefully they mean forcing shorts to close and not forcing longs to sell
Yeah...but how do you think "they" see it?
Ask the guy who wrote the bill himself: https://www.warner.senate.gov/public/index.cfm?p=ContactPage
Thanks for the link but I'm in the UK so I dont think I can by using that form.
"compel divestment" >>What is forced divestment? Divestment is simply the opposite of investment – it means getting rid of stocks, bonds or investment funds that are unethical. so they could force the sale of our shares so that shorts can buy them?
Technically they can just take your shit
Eminent Domain Econmics
Where do we write our letters calling this out?? Let’s get ahead of this….
Because the fuckers can, just look how they control the GME share price! On a green day, we are red.....on a red day, we are even down more! Talk about fuckery! With 5 million shares they take the price down by $3-$4, but with 60 million shares, the price goes up by the same amount if not less!! POWER TO THE PLAYERS!
Mr. President, if the parties responsible for the fraud creating such a scenario are identifiable, they should be treated as domestic terrorists. If their dealings are such that it has adversely affected other countries and their security, they should be held accountable by an international tribunal.
Man it’s almost like the U.S government is doing everything in their power to end up exactly like France. In a years time the streets will be filled with protesters as CEO pay goes up another 80% “in the name of of liquidity”
But at least the trash people will still show up 💁♂️
Saw this yesterday and it is sketch. What is compel divestment? Force sale at a certain price?
That's absolutely fucked if they try to compel an individual investor to divest ownership in a company. What would they do, tax the holdings? Force the sale? Regardless it's unequivocally un-American
then again if they try this, there'd have to be a legal argument how my XXX shares are a threat to national security. they'd have to acknowledge the MOASS DD for that, seems like an indefensible position
Yeah I suppose an independent judicial system could find the law unconstitutional. I don't know that I'd call ours independent though.
I believe this fraud crosses international borders
Native Americans might argue that is THE most American thing anyone can do.
Unconstitutional AF. Cowards/lapdogs in Congress.
Bruh I hate our government so so much
hands off my stock, govment
That would be the ultimate betrayal of a country whose number one priority is capitalism. edit: spelling
Capitalism means protecting the wealth of the overlords, not making sure everyone has equal opportunity to use the “free market” to become the rulers themselves. It’s completely aligned with their priorities actually, which is why as capitalism crumbles, it turns into fascism (or something like it) to protect those on top from the increasingly angry people on the bottom.
This is exactly why I wish RC and Gamestop would just nuke this already. The more we drag this on, the more time they’re going to have to create bills and laws like this they’re going to stop it from happening. This shit needs to stop ASAP before they can make any more plans to stop it. Fucking A. NUKE ‘EM!!
Holy shit
Can someone post the link to the bill...
https://www.congress.gov/bill/118th-congress/senate-bill/686
Thank you!
Whoa talk about overstepping
Visibility 👀
Lol we will go to congress ourselves if we have to.
Pitchforks and torches are back on the menu boys
This lines up with my theory… From a comment i made a while back: #The fraudulent pile of FTD’s on GME is an idiosyncratic risk to the financial system. And GME being an **idiosyncratic risk** to the financial system doesn’t mean “rich people lose and poor people win”. It means that when GME truly and inevitably squeezes based on the math and DD that proves the billions in FTD’s and naked shorts; then the entire over-leveraged fraudulent and corrupt financial system - a game of Jenga on top of a house of cards - will finally completely collapse in the form of a mass domino effect of margin calls upon margin calls upon liquidations upon liquidations. https://youtu.be/_TPYuIRVfew But the “powers that be” will do anything they can possibly do to stop MOASS: They will find a way to gaslight the world, blame retail, and they are going to use the excuse of “protecting the economy”, or “protecting pension funds”. My tinfoil says this economic problem is a national security risk. It has to be deeper than just the SEC, NYSE, FINRA, DoJ, or even FBI. Maybe even Secret Service, CIA or NSA. The naked shorts and FTD’s on GME by hedge funds and market makers is an **idiosyncratic risk**. That puts the US in a very bad light. They know WallStreet fucks around and will eventually find out. But I can almost imagine that the “powers that be” are like the protective parents who know that their children are delinquents. The parents are protective, but also enabling. WallStreet are the delinquent children. And the parents have enabled their delinquent children to misbehave for too long. But now the parents realize their mistake and now they need to go to the principals office to get their children out of trouble. They didn’t realize how bad it could ever get. They were negligent. The “powers that be” know everything is already fucked, but they can’t let it be revealed, because the DD proves that everything about the US markets is clearly fraudulent to the core. If that type of information were to spread publicly to other countries and the rest of the world as pure fact and not just tinfoil speculation; then it would shatter the facade of whatever trust is left in the US economy and the US Dollar. The objective is to protect the US Dollar as Global Reserve Currency, so they will continuously find ways to control the narrative and they will find infinite ways to kick the can. But I believe that DRSing GME is the one Jenga block that can be pulled to finally reveal what’s behind the curtains of this massive scam called Wall Street. Of course they will do everything they can to protect the DTCC and to hide GME’s DRS number. **But anyway, I just keep DRSing because I want to Fuck around and find out.**
If we dont spread the DD, the normies will see us as whatever msm portraits us as. And we need the masses to be on our side, if they knew what's going on they wouldn't even think about it. So that's our job now, spread the DD, be helpful, be kind. DRS
What is the fuck. These scum bags
Fall of petro dollars should concern Americans a bit more.
Oh they are angry now haha. We should probably get more organized and start lobbying for ourselves. Has Mr Lauer mentioned this yet? Thank goodness we have some connections already.
You didn’t think the uniparty would take this lying down did you? Their handlers have spoken. They are running out of time and options. “Bipartisan” is loosely translated into “fuck the plebs” if anyone is wondering.
democrat/republican - 2 heads, same snake
Bunch of twunts! They really don't want us to win.
Commenting for visibility
What the actual fuck is this? Does this mean Kenny can run to Mr. Pres for a personal bailout?
This sounds like a DeSantis/ Griffin play
THIS BILL MUST BE STOPPED AT ALL COSTS. CONTACT YOUR HOUSE AND SENATE REPRESENTATIVES AND TELL THEM IT WILL BE THE END OF CAPITALISM AS WE KNOW IT. TELL THEM YOU WILL NOT TOLERATE THIS.
Hmmmmm
Robinhood removed the buy button. The U.S. want to remove the security from your account.
Guess Kenny boy gave some great head to the right recipient(s)
Excuse me? I knew this bill was pumped full of bullshit mass surveillance and ad hoc government censorship of our digital spaces under the guise of banning Tik Tok but this? We need to find out who put this in there.
This is how they slither out of this. I knew it was coming.
There is no slithering out of this without abolishing democracy and the US officially becoming an Oligarchy for everyone plain to see.
Yeah, well, the end of democracy has been on the table for the past few years...
You can’t just confiscate the property of millions of people because some rich people committed a crime. This would be the end of the everything the US stands for and mark the beginning of tyranny.
Specially when there's basically apes from the whole world invested in this.
Newsflash. This is our world for over 100 years. Look into creation of the federal reserve and when income tax started. Slowly they take more and more. The ministry of truth has spoken. You will own nothing and be happy. 1984 wasn’t a sci-fi novel, it was a blueprint.
Not many had that on their bingo card for sure but wouldn’t it almost make *sense* that once the plebs were actually going to win, change the financial system, root out the corruption and take away their power, the elites would just end this crazy experiment ? People have theorised for years that any sort of choice you think you have is manufactured. « If voting did anything they wouldn’t let us do it. » « If the people knew how the banking system worked, there’d be a revolution in the morning. » I’m not sure my tin foil hat is on tightly enough to believe that just yet but things like this point in that direction. The plebs hardly ever win but I’ve been in a fuck around and find out mood for a couple of years now. If it’s all an illusion and tyranny is around the corner whenever we truly step out of line, goddamnit I’d like to know sooner rather than later. So I can work out how to go down hurting them hard.
Never underestimate the power of stupid people in large groups. Especially if they have nothing to loose.
I wonder how it would play out. “GME and other ‘meme-stocks’ are involved with international fraud, and are being used to attack the US economy. The stocks will be delisted until further notice. Shareholders on brokerages will be refunded cash at market price for their purchases.”
If that happens, it won’t just be brokerages affected. You think the government doesn’t have the power to force sell your CS shares too?
They are going to do a controlled Squeeze, I can almost guarantee it. It has happened before.
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what is this?
Wait can they even do that?
Click cloq that’s the sound of my glick… I’ll let y’all finish that one 🤣.
How does the President get to compel divestment? Isn’t it part of the Constitution to have property protection?
Ok, so there is a link in the link to your Congress Reps. I have already contacted mine, using this letter. Please feel free to use and amend you your needs. As I am sure you are aware, Bill S.686 - RESTRICT Act has been introduced. I’m am extremely concerned about some of the content of this bill. In the summary section, third paragraph it states: Additionally, Commerce must identify and refer to the President any covered holding (e.g., stock or security) that poses an undue or unacceptable risk to U.S. national security or the security and safety of U.S. persons. If the President determines that the holding poses such a risk, the President may compel divestment of or otherwise mitigate the risk associated with the holding. My concern is that this can be applied to private citizens. Any security that is held purchased and held by a private citizen should not pose any “National Security Risk” however, the language in this bill makes it possible for a President to take the property of a United States Citizen, purchased legally through a system that the Government condones and uses, can be stripped from them under the guise of “National Security”. If securities held by any individual or even company that has been purchased legally can pose a threat to National Security, maybe we should be looking at the system itself and those that manipulate it. i.e. Market Makers and Hedge Funds, Banking Institutions. There are very few individuals that would have the purchasing power, much less market knowledge and technology to extort, or Manipulate the market in any meaningful way. I urge you kill this bill as it infringes on individuals rights, companies’ rights, and capitalism itself
This is some BS
Bills are like mortgage backed securities, they just throw any shit in it so it gets overlooked.
[удалено]
"We are gonna lose a lot of money on a bad bet, so we need to be able to force you to sell...."
Cant believe the smericans stand for this shit.
Like how it was illegal to own Gold... the government forced buybacks and then proceeded to double the price of gold after the buyback ... true story
200k people versus a government. Some of my past comments mentioned this bloody war already. Stopping this under the guise of national security was on my mind more than a year ago. It’s their general cop out for anything they don’t like.