Is 2022 going to be the year the whole system blows up?
Is 2022 going to be the year the whole system blows up?
When the world finds out about how Wall Street really works?
How they’re able to get away with what they’re doing?
Or are we going to maintain the status quo?
Are we going to accept that inequality in the US hasn’t been this bad since before the Great Depression?
This system can’t maintain itself.
Ray Dalio’s been telling the whole world to promote his book.
It’s a warning.
History is undefeated.
Here’s how it’s happened multiple times in the past.
Here’s how it’s similar to where we are right now.
That’s what he put in the book and said in every interview he’s done.
The public’s attention span is too short to really listen and appreciate what he’s saying.
The rich know.
This is not sustainable.
Why did Elon, Jeff Bezos and Mark Zuckerberg sell off more money in December than any other month in the last few years?
Why did they take their chips off the table?
Why are insiders divesting most of their holdings this year?
Do you really think it’s just for tax purposes?
It’s never just for tax purposes.
The guys at the top know what’s really going on.
They know how corrupt the system has been for generations.
They know how the game really works.
Control the money flows and control the system.
Politicians are beholden to Wall Street.
If I can outspend an entire population and make sure certain people get into power, I can sway them however I want.
You can’t beat money in American politics.
Any politics for that matter.
Everything’s always being orchestrated behind the scenes.
The politicians are pawns in front of screens designed to keep the public focused on issues that are largely irrelevant.
The short term ism of social media made everything instantaneous and a need that we need to react to everything that’s going on.
Trump mastered it.
He showed the world how much people pay attention to the media by doing outlandish things every day.
He mastered the bait and switch.
Say something stupid in public to get everyone to cover you and boost their ratings while your team and the people behind the scenes push their whole agenda through.
How do you think they got the Supreme Court?
That’s a generational shift.
Getting three supreme-court judges in one term is unbelievable.
Stuff like this is what will really affect America’s future.
Use money to get the guy you want in power, shift the laws in favour of you and your business interests, line your pockets while everyone mostly suffers and keep the political train rolling.
It’s both sides too.
This is not democratic vs. republican.
This is global elites vs. everyone else.
Chamath told everyone this – there are 150 people around the world that really run the world, and they’re all men.
Once you understand how the system really works, everything makes a lot more sense.
But the Internet found a loophole.
A few high-frequency trading firms and market makers got lazy.
They naked shorted companies into bankruptcy until a guy, DeepFuckingValue, saw a glitch in the matrix.
140% short interest on stock.
That makes no sense.
If you buy the whole company, shorts can literally never cover.
What if that’s exactly what retail investors did online?
Millions of them distributed around the world?
What if a bunch of them did research into how these firms really work?
As per Ryan Gosling at the beginning of the Big Short (4:23 into the movie in case you’re curious):
‘While the whole world was having a party, a few outsiders and weirdos saw what no one else could. These outsiders saw the giant lie at the heart of the economy and they saw it by doing something the rest of the suckers never thought to do. They looked.’
Only what if this time millions of people know?
Remember, social media didn’t exist in previous economic crises.
Now information travels faster than ever.
You also have platforms and message boards where people from all over the world can interact anonymously. They can do what they’re good at, research a topic, write about it then interact with others to see how it fits in a puzzle.
So many people around the world contributed to this movement.
It’s truly the Internet taking down Wall Street.
But it’s not just Wall Street. It’s the whole system.
People have receipts.
I guarantee you.
Because the Internet is relentless.
It never sleeps.
As soon as Wall Street cut off the ability to buy more GME and AMC, they exposed the system.
They exposed the loophole.
As Thomas Petterfry, who’s the CEO of IBKR, one of the largest international stockbrokers in the world, the whole system could’ve collapsed if they didn’t stop it.
He knew how close the system was to combusting.
What if I told you these bad actors tripled down?
And millions more people around the world found out and have bought in?
Only now they’re much smarter than they were a year ago.
They know what directly registering your shares means.
They can prove that these market makers and hedge funds have been trading fake shares.
Once the first one gets margin called and has to cover, the whole market blows up.
Also interesting to see how China’s capital markets plays into this.
The Real estate debt bubble is a huge problem.
You think the stock market is big? Wait till you learn about the bond market.
$19.3 trillion dollars is the value of the bond market in China, second largest in the world behind the US.
$46 trillion is the value of the US one just for comparison.
Who do you think owns these Chinese bonds?
Investors all over the world.
What do you think happens when they don’t get paid and their collateral is no longer useful?
Banks are forced to margin call them.
Financial leverage disappears.
Money disappears.
Poof.
Gone.
Because these funds have to cover their shorts.
There’s no way out.
The question of when will be fascinating.
I thought it was going to happen in 2021 (link to post here) and discussed how I was wrong publicly (link to post here).
Maybe it’ll be 2022.
Is 2022 going to be the year the whole system blows up?
I think so but let’s wait and see.
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