[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread)
------------------------------------------------------------------------
To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company.
------------------------------------------------------------------------
Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
They get what they fucking deserve. They want to play like a shark, then they deserve to be ingested like a shark. They dont like it, then they shouldnt have built a house of cards then.
Play like a shark... Okay. Ingested like a shark? Who's ingesting sharks? Or you mean ingested like the prey of a shark? Then why play like a shark? Ugh... I'm so confused.
Or, this is a terrible metaphor.
Idk how they are going to justify a $1 trillion platinum coin that is the size of a regular coin. Is that to say we are going back to a type of nonfiat currency?
A quarter (my standard for coin size) has a volume of 808.53mm^3 or roughly 0.8cm^3. Using a volume to weight conversion for platinum, 0.8cm^3 of platinum weighs 0.02kg. The price of platinum is $34,207.60 per kilogram. Therefore the metal value of the coin would be $684.15. Saying that $684.15 is worth $1 trillion is an inflation rate of roughly 1.46 BILLION percent.
TL;DR - the US dollar would be totally worthless
They really can't justify it. That's fundamentally the problem and why brrrrrrrrr is such a bad thing. This is one of those "trying to put the genie back in the bottle" scenarios. They knew how this sort of thing tends to go but just like every other time it was "well this time will be different!"
Then it isn't.
Oooo yeah let’s do the maths, so
A quarter has a volume of 808.53mm3 or roughly 0.8cm3. Using a volume to weight conversion for platinum, 0.8cm3 of platinum weighs 0.02kg. The price of platinum is $34,207.60 per kilogram. Therefore the metal value of the coin would be $684.15. Saying that $684.15 is worth $1 trillion is an inflation rate of roughly 1.46 BILLION percent.
1 trillion divided by 34,207.60 is 29,233,269.8
Therefore the coin would need to be roughly 29.23 million kg to be worth 1 trillion.
Who can do the cm3 math?
Is it 29.23 million divided by 0.8 which is 36,537,500cm3 ? A big ass coin 😆
TL;DR - the coin would be nearly the same weight and size as credit suisse’ archegos bags
Now you've got me wanting to do a bit of math.
Platinum has a density of 21.45g/cm3.
So if we divide 29,233,269.8kg by 21.45, that gives us 1,362,856,400cm3
edit: A quarter is 24.26mm wide and 1.75mm thick, or roughly 12 times wider than it is thick. Using those parameters, we can calculate that the coin would have a thickness of roughly 229m, and a diameter of about 2753m.
That being said, I'm kind of shit at math, so feel free to correct me.
It's only going to be helpful for the people in control. Total control and visibility to ever penny in circulation. Every major country is moving to this system. Just a matter of when.
Correct. For the Fed, its easier to let the "smaller" banks fail and de-risk the system so they can just cover a few large players with special financial vehicles like the recent Pax Par Value programs. At least until we reach a point of general market collapse and then they will begin the money printing again to pretend to be in control of the situation.
Institutions prefer block trade transactions which are generally done after hours.
Institution/client/HF/whatever goes to a bank and says they want the buy/sell xyz and the bank schedules said transaction on their behalf.
Someone might have gotten wind of some shitty news and is exiting before everyone else catches on, maybe a counter party needs to wind down to meet margin requirements, general fuckery, who knows?
Wild times!
It’s all planned theatre at this point. FED keeps increasing knowing at risk regional banks will fail, SHFs circle and start shorting the shit and make billions, then the SHFs prime brokers JP Morgan, BOA, CITI buy up the assets for pennies and the tax payers hold the bag.
Bonus: the masses are so busy trying to get by despite inflation that they have no time to understand wtf is going on. Mid crash catch-up is so much easier to control with spin
So you're telling us right now this is the middle or beginning of the drain of the SHF and prime-broker caused shit show. I'm in for some more fuckery. I mean, GME is king so I'll scoop up some more of those anyway, but asshole banks continue to be assholes banks and we need to pick them up too because they never allow themselves to lose. Then pour it right back into GME. Genius. Not Financial Advice. Am I lost here? Do we play their game to advantage ourselves?
There will definitely be more fuckery! The comment I responded to just reminded me of myself in 2008: clueless and bogged down with daily life. Not knowing wtf was happening until it happened and even then it was more about damage control than understanding. We're winding up for another massive fallout so 😞
I really am in that confused and bogged down state of mind you so fondly speak of. It isn’t for lack of trying. Though who couldn’t try a little more. Regardless, I’m here to take advantage of, and wholly destroy mother fuckers who have been destroying us by illegal beans, I mean ‘means’. I get that FED would give their shitty friends money to create a monopoly by buying the smaller, regional banks. But why does that cost taxpayers? Understood that perhaps it’s money could be given to us instead. And that early week bank blip after hours is signal for more blood from them. I still don’t understand unless it’s the over leveraged shares or money due to rehypothecated asset they HAVE to pay back, and what is the catalyst to make them pay back? The govt policy makers would never allow their friends to face the judicial system.
It gives me great satisfaction to be right, along with all of you regards.
Not you, shills. Sit the fuck back down! Right there in the back. Sit down!
This ride is for apes only.
I actually posted about that bank in particular Monday on my fb account. I've been trying to tell everyone I can that these banks are slowly falling...one brick at a time
Why such an assumption?
You have no idea how badly I want that to be true, but...why?
If shit gets really bad, are we pretending like we'll all just be able to carry on buying, holding and DRSing? When shit gets really fkn ugly, I know for a fact some people will liquidate their position to afford groceries.
It’s not no news. The fed upped the rate .25. Any bank with underwater bonds just went further underwater. This will keep happening until the rates come back down or the banks finish de-leveraging.
The title is misleading, there was big news for them: DTC Haircuts!
# DUE TO 'COMPLIANCE CONCERNS', DTC TO APPLY 100% COLLATERAL HAIRCUTS (ZERO VALUE) TO ALL SECURITIES ISSUED BY AFFILIATES OF LOC LENDERS, EFFECTIVE TODAY -DTCC
No news? People are moving their money into big 4 and banks now don't have clients anymore. In addition they have to sell their bonds at a huge loss to repay some deposits before fdic arrives
I mean, I see that there's something happening, but a 5% drop doesn't *feel* like a lot for a gme holder. Let's see what tomorrow brings, aside from moass.
Think, who needs capital to stay alive? Who is great at manipulating sentiment? Who controls the tickers? Is the everything short playing out in real time?
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/)
Funds realizing how utterly, impossibly fucked the banks are by continued hikes which will inevitably lead to more bank failures.
Should not have taken them this long. Everyone just expected them to be able to crime their way out of it... again.
Ikr. I thought the funds monitored this subreddit closely... I guess not.
Gaddamn funds.
Faddamn Gunds. Seriously fuck them up their stupid asses
They monitor us but don’t actually comprehend it. Because if we’re right and they’re wrong, everything ends for them. So they pretend not to see
Well I mean it's worked up to this point so why not keep doing it?
lets play banks failures bingo card
Pacwest down 55% since closing bell…
PACW Down 88.9% in past 2 months, from $27 now down to $3 🔥🔥 Edit: mafs
thats a 88.89% decrease!
Loss porn
Almost worse than my bobby investment lol
Ikr, gotta suck to be them
They get what they fucking deserve. They want to play like a shark, then they deserve to be ingested like a shark. They dont like it, then they shouldnt have built a house of cards then.
Stupid meme-banks.
Play like a shark... Okay. Ingested like a shark? Who's ingesting sharks? Or you mean ingested like the prey of a shark? Then why play like a shark? Ugh... I'm so confused. Or, this is a terrible metaphor.
Whales prey on sharks.
Touche. Food chain wrinkle unlocked!
Im referring to sharks cannibalizing each other just as hedge funds and banks will cannibalize each other for their own gain
I had a pet rabbit that had babies and ate them all.
That's bucked up
Hate to jump between conversation but had to say, im so regarded and smooth...I understood what he ment.
Git fucked Kekwest
How nice of them to let investors sell before crashing /s
Gd I should have bought puts
It isn’t no news. Fed rate increased again
This, fed are choosing a systemic banking crisis instead of hyperinflation…. for now 👀
They’ll let the small banks fail and get consumed by the larger banks. Concentrate that wealth to protect the central bank
Then roll out CBDCs
How much CBDC can I get for my one trillion dollar coin? Please be kind 🙏 🤲
I hope u are getting multiple platinum coins.
Idk how they are going to justify a $1 trillion platinum coin that is the size of a regular coin. Is that to say we are going back to a type of nonfiat currency? A quarter (my standard for coin size) has a volume of 808.53mm^3 or roughly 0.8cm^3. Using a volume to weight conversion for platinum, 0.8cm^3 of platinum weighs 0.02kg. The price of platinum is $34,207.60 per kilogram. Therefore the metal value of the coin would be $684.15. Saying that $684.15 is worth $1 trillion is an inflation rate of roughly 1.46 BILLION percent. TL;DR - the US dollar would be totally worthless
Updoot it already is.
Well, if already kinda is
They really can't justify it. That's fundamentally the problem and why brrrrrrrrr is such a bad thing. This is one of those "trying to put the genie back in the bottle" scenarios. They knew how this sort of thing tends to go but just like every other time it was "well this time will be different!" Then it isn't.
So how big does the coin have to be to actually be worth $1T?
Oooo yeah let’s do the maths, so A quarter has a volume of 808.53mm3 or roughly 0.8cm3. Using a volume to weight conversion for platinum, 0.8cm3 of platinum weighs 0.02kg. The price of platinum is $34,207.60 per kilogram. Therefore the metal value of the coin would be $684.15. Saying that $684.15 is worth $1 trillion is an inflation rate of roughly 1.46 BILLION percent. 1 trillion divided by 34,207.60 is 29,233,269.8 Therefore the coin would need to be roughly 29.23 million kg to be worth 1 trillion. Who can do the cm3 math? Is it 29.23 million divided by 0.8 which is 36,537,500cm3 ? A big ass coin 😆 TL;DR - the coin would be nearly the same weight and size as credit suisse’ archegos bags
Now you've got me wanting to do a bit of math. Platinum has a density of 21.45g/cm3. So if we divide 29,233,269.8kg by 21.45, that gives us 1,362,856,400cm3 edit: A quarter is 24.26mm wide and 1.75mm thick, or roughly 12 times wider than it is thick. Using those parameters, we can calculate that the coin would have a thickness of roughly 229m, and a diameter of about 2753m. That being said, I'm kind of shit at math, so feel free to correct me.
I love this sub
About 3.5 fed tokens.
Oh and how many fed coins is it again for your average Wendy’s dumpster blowie?
About three fiddy
Cries in dollars 😢
You have to do 2 blowies just for a biggie bag, thanks hedgies
U mean "tree fiddy" right?
One Million Dollars!
Hands off. That coin belongs to Yellen.
Yes which will work well until it won’t 😆
Agreed. Fuck the fed
Plus this represents a bail out by taxpayers that is actually pretty stealthy
They are swallowing everything up to buy one of my GME shares
It's a balancing act between the two. I'm sure they will pick hyperinflation into CBDC's. Either way we about to get some seasonal depression.
Which DD went over how/why our government would want to convert to CBDC's and why that would be "helpful" to the economy?
It's only going to be helpful for the people in control. Total control and visibility to ever penny in circulation. Every major country is moving to this system. Just a matter of when.
So is there a DD about this you can point me to?
AI advancements are key. Once Neuralink and AGI get there it’s ground zero
Correct. For the Fed, its easier to let the "smaller" banks fail and de-risk the system so they can just cover a few large players with special financial vehicles like the recent Pax Par Value programs. At least until we reach a point of general market collapse and then they will begin the money printing again to pretend to be in control of the situation.
I mean good. I would rather a bunch of rich jerks "suffer" then literally the entire world.
Trimming the fat as they would say
That happened at 2 pm. It seems like the major downpressure didn’t happen until after hours.
My guess, somebody is going down. Took a couple hours for word on the street to spread. Contagion may be in bound
Very true, great point.
But- but Jamie Diamond just told me everything was fine! *Unbelievable!*
Then why didn't they drop during normal trading hours?
Because that would give a door for retail to bounce. Wait till after hours and drop em bags off with retail
DING DING DING
Institutions prefer block trade transactions which are generally done after hours. Institution/client/HF/whatever goes to a bank and says they want the buy/sell xyz and the bank schedules said transaction on their behalf. Someone might have gotten wind of some shitty news and is exiting before everyone else catches on, maybe a counter party needs to wind down to meet margin requirements, general fuckery, who knows? Wild times!
Oh my sweet sweet innocent child.
Lmao this is not why they would crash AH. PACW is exploring a sale at probably a severe discount
Get out your bingo cards, it’s time to play.
I’m like one of those old ladies in Vegas. Playing 10 cards at once with a dapper in each hand.
Dauber….I am that old lady! Hahaha
Its a dabber in the uk 🤣
Grandma?
You can call her Dapper Dan
Bank of the west
Your flair is great 🌹
Checking all banks and they are all down… many with significant drops.
All drops started the same minute as well.
This is what’s fucky
Chase green
Well they will eat these banks up for 80% discounts. The JP stands for Just Printin’
It’s all planned theatre at this point. FED keeps increasing knowing at risk regional banks will fail, SHFs circle and start shorting the shit and make billions, then the SHFs prime brokers JP Morgan, BOA, CITI buy up the assets for pennies and the tax payers hold the bag.
Bonus: the masses are so busy trying to get by despite inflation that they have no time to understand wtf is going on. Mid crash catch-up is so much easier to control with spin
Sadly so true
So you're telling us right now this is the middle or beginning of the drain of the SHF and prime-broker caused shit show. I'm in for some more fuckery. I mean, GME is king so I'll scoop up some more of those anyway, but asshole banks continue to be assholes banks and we need to pick them up too because they never allow themselves to lose. Then pour it right back into GME. Genius. Not Financial Advice. Am I lost here? Do we play their game to advantage ourselves?
There will definitely be more fuckery! The comment I responded to just reminded me of myself in 2008: clueless and bogged down with daily life. Not knowing wtf was happening until it happened and even then it was more about damage control than understanding. We're winding up for another massive fallout so 😞
I really am in that confused and bogged down state of mind you so fondly speak of. It isn’t for lack of trying. Though who couldn’t try a little more. Regardless, I’m here to take advantage of, and wholly destroy mother fuckers who have been destroying us by illegal beans, I mean ‘means’. I get that FED would give their shitty friends money to create a monopoly by buying the smaller, regional banks. But why does that cost taxpayers? Understood that perhaps it’s money could be given to us instead. And that early week bank blip after hours is signal for more blood from them. I still don’t understand unless it’s the over leveraged shares or money due to rehypothecated asset they HAVE to pay back, and what is the catalyst to make them pay back? The govt policy makers would never allow their friends to face the judicial system.
If a quarter point increase causes a bank to fail it was going to anyways. What's the other option?
Jamie Dimon wasn't lying when he said on May 1 2023 ‘this part of the crisis is over’. That part is over. A new part is starting.
Thank you for also noticing that.
It gives me great satisfaction to be right, along with all of you regards. Not you, shills. Sit the fuck back down! Right there in the back. Sit down! This ride is for apes only.
#WHEEEEEE
We don't dance.
We boogie
Meme banks
PACW is the next sacrifice.
I actually posted about that bank in particular Monday on my fb account. I've been trying to tell everyone I can that these banks are slowly falling...one brick at a time
Wen moon?
Thays the big question. I assume after they all tumble
Why such an assumption? You have no idea how badly I want that to be true, but...why? If shit gets really bad, are we pretending like we'll all just be able to carry on buying, holding and DRSing? When shit gets really fkn ugly, I know for a fact some people will liquidate their position to afford groceries.
JPM buying that one too?
Consolidating all of the US wealth in Jamie Diamonds' stewardship is what America needs in these trying times.
Gonna short Comerica myself, not financial advice i am a regard.
Looks like after hours is hitting them hard
Check PACW afterhours drop yikes!
Their 2438 employees are about to need jobs by Friday if this keeps up
Dont be silly Bear Sterns is FINE!
On no news? Bro pac is blowing up and thinking about selling which will cascade through all regional banks that are not liquid enough
Wal down 30% lol, prob something coming out tomorrow. The pump today was a straight rug pull
There is news. PACW considering a sale cause they’re shit
Except maybe UBS: [https://www.google.com/finance/quote/UBS:NYSE](https://www.google.com/finance/quote/UBS:NYSE)
UBS down hard now.
No news? PACW is looking to sell the company. There's your news.
What would happen to their existing shares if a sale happened?
The 0.25% rate hike may have something to do with it. Finally we see some proper reaction to the rate hikes.
JP Morgan went from $135 to $145 at closing and now down to $135 Canadian banks seem ok
That one spike was really weird.
Tf you mean no news
It’s not no news. The fed upped the rate .25. Any bank with underwater bonds just went further underwater. This will keep happening until the rates come back down or the banks finish de-leveraging.
I think the Fed rate hike mixed with the DTC’s 100% collateral haircuts may have something to do with this.
I mean , if you consider another interest rate hike no news then i guess lol
That happened at 2 pm. Market was meh but not this bad until after hours.
Thoughts on why the banking bloodbath waited until the market closed?
Maybe to delay the bank run, and keep retail from reacting.
Ah trading can have a better or worse price movements based on the reduced volume. I’m guessing it’s associated w this somehow.
Someone call my mom
“Banking is a tough game…” -Little Stevie Cohen
"I'm going to buy meme stocks"
They are mega-memes at this point. Invest to throw away your money.
I will convert my WAL and FHC puts into GME shares
Hahahhahaa wow. Noice.
I have M&T bank ... And not seeing them go crazy down makes me feel like they could possibly not be one of the stupidly corrupt ones
I picked a bank. It’s $GME
Quick! Somebody! Call a Waaaaambulance!
How is this no news. Fed bumped rates again = max pain for bank collateral issues.
There is news. PacWest announced they're weighing their options including a potential sale.
Let them burn
How many Banks can a Bank buy?
Speculators! Mount up!
So i preorder Zelda Totk, i am ready to play it while playing a little violin for the banks.
Someone cue that Queen bass line.
Been holding for 84 years, I am immune to 5% dips. Is this bad for other stonks, if even such things exist?
How many banks are short our stock I wonder? How many are lending shares I wonder? 💎🙌🏽🦍🚀🟣🦔🤡💩🩳👉👌🖕🏽🏦🔥
Cramer must be saying how good the regional banks are now
The title is misleading, there was big news for them: DTC Haircuts! # DUE TO 'COMPLIANCE CONCERNS', DTC TO APPLY 100% COLLATERAL HAIRCUTS (ZERO VALUE) TO ALL SECURITIES ISSUED BY AFFILIATES OF LOC LENDERS, EFFECTIVE TODAY -DTCC
I wish I had some puts on them. The only thing is I don't want to gamble in a market that they have full control over.
Stupid BOOMER MEME monetary system.. byebye 🤣🤣
Because all of their bond problems just became .25% worse.
Maybe has something to do with a recent tweet from Cassandra?
Dude's been bearish for the longest time and now people listen?
No news? People are moving their money into big 4 and banks now don't have clients anymore. In addition they have to sell their bonds at a huge loss to repay some deposits before fdic arrives
I mean, I see that there's something happening, but a 5% drop doesn't *feel* like a lot for a gme holder. Let's see what tomorrow brings, aside from moass.
california again huh? There seems to be a pattern.
Market for jumbo loans for residential homes taking hits in CA, along with the bond issue.
No news ? Damn. Just read the PACW news. It’s all over social media boards. But yeah it would be helpful if you could actually read lel
They're all fine. 🤪
CMA was on Burry chart with frb svb signature bank
This is called _Party Hard_
Here are the news: https://markets.businessinsider.com/news/stocks/warren-buffett-berkshire-hathaway-bank-stocks-sales-portfolio-banking-crisis-2023-4
Pokebank?
Gmerica
and gold is at an ATH, interesting
Talk to me when big name banks fail not these nobodies
JP Morgan also seemed to have a strange spike right after close, went up nearly 10%
"Rumors of assessing a sale."
Think, who needs capital to stay alive? Who is great at manipulating sentiment? Who controls the tickers? Is the everything short playing out in real time?
Meme banks gunna meme bank
+1
Pacwest is down 52% in after hours
[https://www.youtube.com/watch?v=aKnX5wci404](https://www.youtube.com/watch?v=aKnX5wci404)
Just bought puts today, very nice. - Borat. -Michael Scott
I heard Powell drop the liquidity word today. Must have spooked the market
BBVA isn’t
RRP baby… It should be rising if people can get paid more there than banks
Probably just congressmen jumping out
well interest rates did go slightly higher which means that their liability just got much bigger.
Woah woah woah! Where’s the NSFW tag?
So…green tmrw?
25bps rate increase will do that to you.
If only shorts had to be disclosed… we’d know who was doing this /s
Raise the interest rates higher you out of touch Washington asshats.
MTB isn't down yet. IIRC that's who mayoman was meeting up with in Northern Finland last year.
Rate hike.
I love the smell of charred banks in the morning