So CEO of webull basically lays it all out.

Cliff notes:

There wasn't enough market liquidity (as in the entire stock exchange) to cover all the GME trades.

When a stock is sold, the value of the stock must be placed into escrow with the clearinghouse for a couple days until the trades clear the system.

Since the hedge funds couldn't cover the cost of the trades to exit their shorts it would have fallen upon the clearinghouse.

That clearinghouse is the DTCC.

The DTCC is the depository trust and clearing corporation.

The DTCC is a wholly owned subsidiary of the federal reserve.

The address of the DTCC is 55 Water St, New York, NY 10041, United States

Watch the water.

Since the DTCC typically only requires 1-2% of the value of the share to be placed into escrow, they normally have enough market liquidity to keep things moving.

DTCC was demanding 100% on GME, AMC, etc because of the volatility. This ensures that the people that bought at a price would get all of their money.

Except the DTCC didn't have enough money to cover all of the GME stocks at 100%, so they had to halt trading, or DTCC would have run out of money, and it would have fallen upon the underwriter of the clearinghouse, the fed, to pony up.

This is why sales of GME and others were blocked.

The stupid fucking hedgefunds almost broke the fed, because the only way for the fed to dump more liquidity into the market would have been to buy more bonds from uncle sam to create more money.

That requires authorization from congress.

Further compounding this issue is that the only way to sell bonds is to take a cash payment from someone that wants to buy them.

Since the GME stock would have eaten up 100% of liquidity, nobody would have had any cash to pay for more bonds to make more money.

Boooommmm…..

>>12750561

Continued:

So what happens when the fed goes boom?

Every other fiat currency that uses the dollar as a reserve currency goes along for the ride.

Since all global trade happens in the dollar, we're looking at something that makes black tuesday 1929 look like a dark cloud was in front of the sun for a minute or two. It would have taken every other economy along with it, because there is very little direct currency trade anymore.

If mexico wants to sell some oil to japan, japan converts their yen into dollars, pays dollars for the oil, then gives the dollars to mexico, who converts the dollars to pesos.

This also is why gadaffi had to die. They were trading without allowing the rothschild scum to take a cut by converting into dollars first.

(fixed some shit)

Continued:

So what happens when the fed goes boom?

Every other fiat currency that uses the dollar as a reserve currency goes along for the ride.

Since all global trade happens in the dollar, we're looking at something that makes black tuesday 1929 look like a dark cloud was in front of the sun for a minute or two. It would have taken every other economy along with it, because there is very little direct currency trade anymore.

If mexico wants to sell some oil to japan, japan converts their yen into dollars, then gives the dollars to mexico, who converts the dollars to pesos.

This also is why gadaffi had to die. They were trading without allowing the rothschild scum to take a cut by converting into dollars first.

The problem for the bankers at this point, is that everyone hates the fucking bankers, and this isn't about making a profit anymore for a lot of the people buying GME. They have a chance to fuck the bank back, and they are perfectly happy to lose a couple thousand dollars to ride it to the bottom.