I didn't listen all that often, a few times a week at most frequent, sometimes months between shows at the least frequent points. Of course with The scamdemic I've probably listened more this last year than any other year. I knew it was coming and I don't ever get emotional about death unless it's a close family member. But this is really hitting me hard.
I didn't even realize how much rush has become a staple in my life. The connection he has forged with his listeners is very real. I normally chuckle at people who get worked up over celeb deaths. Not that a guy you listen to (and let's be honest, we all yell at him on the radio at some point lmao) for hours a day is the same a celeb worship.
I feel like I lost a brother today. It's bad. I can only imagine how it is for those of you who have faithfully listened for decades.
God speed Rush, God speed.
I'm glad this place has quieted down enough for some actual DD written by a monkey with a keyboard and Adderall. Disclaimer: I am that monkey. Let me explain to you what happened, play by play. I will give you illiterates who hate reading a spoiler up front: We were within approximately 30 seconds of triggering a nuclear bomb that would have blown up the market. Do I have your attention? Here goes:
Yesterday, new call option strike prices were added all the way up to $570. Do I have to go over gamma squeezes again? Really? We've been over this: when deep out-of-the-money call options start being gobbled up and the price starts moving towards being in-the-money, the call writers have to hedge their risk of having their sold calls exercised, typically by buying stock. This creates upwards pressure on the market. We've been seeing these movements all week.
Yesterday after market, you probably saw that coordinated effort to drive the price down and spook retail investors into a mass sell-off. It didn't work.
Last night, Robinhood sent out a message to users: you could no longer enter into new options. You could exercise them if you had the collateral (money in the account) to do so. Very interesting and the first sign of pants-shitting fear.
Today, the market opened very strong. It opened so strong that we were looking at a self-perpetuating gamma squeeze all the way up way past $570.
At approximately 9:58 am, the stock had reached $468 in a parabolic move.
Two minutes earlier, at 9:56 am, Robinhood tweeted that they were not allowing users to buy GME stock, but they would allow selling.
The trend instantly halted and started a collapse downwards, before picking up a bit, especially after some retail was allowed back in.
Okay, now that you are clear on the facts, understand this: The market ran out of liquidity today, or was threatening to get close enough that they killed it. What does that mean? It means they ran out of shares and/or capital. They wouldn't let you buy new shares because we were burning through all the shares on the market. I saw an unsubstantiated post from a user who said a small sell limit order executed at $2600 for him. Do you get the severity of the situation, if that's true? It means the buying was getting to the point where it was just about to put INFINITE pressure on the price of the shares. It means virtually any ask was getting bid.
How do you get infinite upwards pressure? A gamma squeeze triggering the mother of all short squeezes, just like we predicted. The call writers need shares to hedge. Retail is still buying more. The short sellers need over 100% of the float back. Add these together. There were more shares needed than existed on the open market. That's what a liquidity crisis is.
Listen to this remarkable (if infuriating) interview where the chairman of Interactive Brokers admits that they didn't have the capital to pay out the winners (us), so they took their ball and went home. DO YOU GRASP HOW INSANE IT IS THAT HE SAID THEY NEEDED TO SHUT DOWN BUY ORDERS TO "PROTECT THE MARKET"? Hello! He's not talking about the market for GME shares. He's talking about the entire market! The New York Stock Exchange. The NASDAQ. All that.
Remember the movie Snowpiercer? Do you remember that scene where the lower class people realize the soldiers who oppress them have no bullets? Go to the 1:00 minute mark of this link: https://www.youtube.com/watch?v=EH1EtiOhr6o
It kick starts a full blown rebellion. They have no bullets. It's the exact same in this market: No capital. No shares. Infinite losses inbound.
TL;DR: For all you who will just skip to the bottom to ask, "Do I get my tendies now?" the answer is this: they NEED NEED NEED your shares. Do you get that? HOLD. Like the guy in the movie, scream, "They're out of bullets!" and create a stampede. That's how we win.
They needed your shares so badly that they literally risked PRISON TIME to get them. They tried robbing you, and I'm not even exaggerating. They were within 30 seconds of all being wiped out today.
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It wasn't some grand scheme to make you complacent, as most Q believers weren't.
Yet how are white men viewed? Evil oppressors. Unfair and unjust.
White men aren't perfect and nor is our history but we are not your enemy if what you desire is freedom and responsibility.
For Obama, there were 3k. For trump there were 5k - 7k (which npr called MASSIVE)
But somehow biden needs 25-30k?!?
So don't let anyone tell you this is normal or just a small increase. It is not.
Public any warning? Or are you thinking they'll magically become less angry if you take their voice away?
He likely has a plan for how to undermine them but man, it sure sucks a huge set of nuts to know that he didn't go all in.
She demands he be removed NOW! 25th amendment. Impeachment! Anything dammit!
Do you get it? He played them. He knew they'd overreact, because they always do. He used their trap against them.
Do I know any of this for a fact? No. Am I pretending to be in the know? No. All I'm saying is it's logical and could have easily been planned.
There were two paths for pence. Either led to victory. Trump said it would take more guts for pence to not "do the right thing" (the right thing being sending the electors back to the contested states). Is that because the backup plan is draining the swamp, full stop? Military and all?
I'm trying not to get my hopes up, but this makes sense in my opinion.
I hate to say it but Lin wood might GD pull through. If trump put out the video and needed to appear to be in washington Lin woods theory of being in Texas makes sense. If the DS put out the video, why? To demoralize us? To cement the narrative? Why would they need to do that?
Where was it? None of the news is saying where or how it happened. Seems like they're really just trying to shift the blame for violence off them and onto us/antifa.
It's going to be huge. But don't leave it up to others to show up for you. Show up yourself. Every individual that shows up, is a person the media can't deny they existence of. DC needs to be so overwhelmed that they can't function. I want every street filled with Patriots like me. Let's show them why you don't mess with every day Americans like us!
Alternate electors have sent their votes. Congress is a little squishy sometimes and will likely need the prod of a pitchfork to do the right thing. We need 2 million strong to be there. Not one million. Not 300k. TWO MILLION. If you really think trump is our only chance, you'll be there.
If you are all talk and no action, you'll sit home and hope someone else does it for you. You'll use excuses like 'I have to go to work' or other such nonsense. You know it's nonsense. I know it's nonsense. The republic hangs in the balance.
From January 6th to January 20th, trump is still president. He still commands the military and controls many of the levers of power. Every day after January 6th his power will lessen if the congress does what I expect they will do without massive pressure on their doorstep.
Once January 20th comes, if we've allowed this to go unchecked, the republic is gone. Chiden will consolidate power and we will never have even half as good of a chance at saving the republic as we do in the days leading up to that.
This is the most heavily contested election in united states history and the only reason the media isn't using that for clicks is because they know that true public opinion is not on their side. THEY HAVE TO SUPPRESS SUPPORT FOR TRUMP OR THEY FACE RUIN.
We are 21 days away. Hope and pray that something happens to make this easier for us, but remember: "not my will, but thine, be done."
This is our cup and we must drink of it.
