Theres been a couple posts about it. Basically we've blown the lid on a huge fraud scheme. The hedge funds were supposedly creating from thin air fake stock and selling it on the open market. Which the brokerages and other associated parties knew and didn't blow the whistle on.
Thus, its the equivalent of printing money and you can basically manipulate the market any way you want by virtue of just printing more stock. The implication here is that those not in on the scheme are going to lose their shit once they find out that the markets can't be trusted. Which is the entire basis of fiat currency. "trust me bro I'm good for it."
Theres been a couple posts about it. Basically we've blown the lid on a huge fraud scheme. The hedge funds were supposedly creating from thin air fake stock and selling it on the open market. Which the brokerages and other associated parties knew and didn't blow the whistle on.
Thus, its the equivalent of printing money and you can basically manipulate the market any way you want by virtue of just printing more stock. The implication here is that those not in on the scheme are going to lose their shit once they find out that the markets can't be trusted. Which is the entire basis of fiat currency. "trust me bro I'm good for it."