@timbo1184@FOXSports It’s labeled as a dangerous play. Even if no contact you can’t do that if another player is in the vicinity. The fact that he got his head makes it even more obvious
The Hollow Men
American capitalism is rotting from the head down. We have replaced the "Owner-Operator"—the risk-taker-with a new, parasitic class of corporate bureaucrat: The Risk-Free Insider.
By "Insider," I am not referring to a specific title. I am referring to the entire administrative state that has captured the modern corporation. This includes the Directors who exist solely to collect fees, the Executives who exist solely to collect bonuses, and the Managers who exist solely to hire consultants.
These are the hollow men of the boardroom. They are masters of PowerPoint. They wear the right suits. They say the right buzzwords about "governance" and "ESG." But they are mercenaries fighting a war with someone else’s ammunition.
In a functioning economy, authority is tied to liability. If you make a bad decision, you lose your own money. That fear of loss is the only thing that keeps a business honest. It forces you to cut waste, obsess over the customer, and stay late to fix what is broken.
Today, we have severed that link.
We have rigged the game so that heads, the Insider wins; tails, the shareholder loses.
If the stock goes up, the Insider collects a massive performance bonus. If the stock crashes due to their own incompetence, they are fired with a "Golden Parachute" worth tens of millions. They are gambling with the house’s money, and they never leave the table poorer than they arrived.
This looting starts in the boardroom.
We have normalized a "Country Club" culture where directors are selected based on social profiling rather than their ability to build a business. The modern board member is often a professional tourist—paid an average of $350,000 a year.
Let’s be brutally honest about what that number represents. The average director is paid nearly five times the GDP per capita of the United States. They earn more for attending four quarterly lunches than the vast majority of Americans earn in five years of hard labor.
And for what?
Most of these directors are "over-boarded," sitting on three or four boards simultaneously. They treat directorships as a gig economy for the elite. They fly in, rubber-stamp a compensation package they didn't read, and fly out. They collect checks from companies they do not understand, do not use, and certainly do not love.
They are not there to ask hard questions. They are there to be collegial. They are there to protect the other Insiders.
And what happens when these boards hire executives who also have no personal capital at risk?
We get the Delegation Economy.
When a Risk-Free Insider faces a crisis—bloated expenses, a broken supply chain, or a stale product—they do not roll up their sleeves. They hire a consultant. They pay a strategy firm millions of shareholder dollars to produce a 100-page deck telling them what they already know.
This is not management. It is intellectual money laundering.
They use shareholder capital to buy an insurance policy for their own careers. If the plan fails, they can blame the consultants. They delegate the work because they are terrified of the responsibility. They would rather preside over a slow, comfortable decline than risk a bold mistake.
While American Insiders are busy optimizing their severance packages, our global competitors are optimizing their products. They are not slowed down by bureaucracy. They are not waiting for a slide deck. They are outworking us.
If we continue to fill our C-suites with administrators instead of operators, we will lose our edge. We will see iconic American franchises hollowed out by fees, managed for the benefit of the Insiders, while the true owners—the shareholders—are left holding the bag.
The time for polite governance is over.
If we want to save the American economy from mediocrity, we must demand a return to the "Owner’s Mentality." We need leaders who treat shareholder capital with the same reverence they treat their own savings. The era of the Risk-Free Insider must end.
this is shocking:
> US collects $2.4T in income tax, but spends $1.5T on fraud
> if we didn't have to pay for fraud, only $900b would need to be collected
> this means anyone with less 500k in income could pay *literally $0* in income tax
we don't need to raise taxes. we need to cut fraud
Theory time about $GME - This is going to be a pretty massive claim, but bear with me:
My claim is that GME is swapped with Silver and JP Morgan is that major swap dealer holding the GME short swaps. Additionally, JP Morgan holds the Bear Stearns silver position, which far exceeds authorized position limits.
This feels like a big stretch making this claim, but I will write out my thought process.
On March 1, 2024, Chinese firms purchased a LOT of Gold and Silver calls from JP Morgan. In response, JP Morgan started hedging those by purchasing some of the underlying...
Apparently the problem here is that these Chinese firms weren't buying the gold and silver calls just to turn a quick buck... they actually wanted to exercise all of them.
Quick note: when you buy a TON of calls at a certain strike and exercise, you pay that price for the entire lot. If the price of the underlying goes above what the strike price is, then the difference is at the loss of the dealer. In this case, JP Morgan.
The calls were likely exercised Friday, March 22, 2024 (monthly OPEX). The next week, the price of gold and silver started skyrocketing, implying that JP Morgan was going out and purchasing it in the open market to deliver the goods. JP Morgan even sent their head of precious metal trading division, Scott Willig, to China that week to make good on their promise .(https://t.co/2avC7kN1Kt)
In response to the purchasing of all the precious metals, $GME started to rapidly decline for the entire duration of their purchase. This was likely their hedging algorithm doing basket readjusts on anything swapped with gold or silver. As soon as the gold and silver buying stopped, so did the decline in GME.
A few days after the buying stopped, the price of gold and silver took a sharp decline, and GME started rapidly increasing in price two trading days later.
For reference, price of gold and silver dropped on April 22, 2024 and GME got the first (3) blocks of 5,000 call contracts on April 24, 2024.
If you remember back in late Jan / early Feb 2021, media was yelling that silver was squeezing and Redditors were the root cause. GME may have been swapped with silver all the way back then and the T+2 delivery resulted in turmoil in the silver market... It looks like the link may still be as strong as ever.
The CFTC even admitted that the Bear Stearns silver positions were transferred to JP Morgan upon their collapse, and the positions were so large, that it violated position size limits. JP Morgan got special approval to hold these positions.... And GME is swapped against that. (https://t.co/DgHAwSlKjw)
In short, the theory here is that JP Morgan is the major player in the GME short swap baskets and Silver (or possibly gold) is a major player in the swap basket containing GME.
Podcast explaining the gold and silver China calls-
https://t.co/6OFVzApW16
God grant me the serenity to accept the things that are so over, the courage to say fuck it we ball, and the wisdom to know when we are so fucking back
@Analyst_G@ZenJoeC Isn’t this similar to what happened in 2020? We un-inverted in Oct ‘19 which led to the Covid crash. But then it re-inverted for a short time.
Isn’t this exactly what is playing out again or am I reading it wrong? We un-inverted in Dec ‘24 which led to the crash in April ‘24?
The Fed just admitted markets won’t buy $9 trillion of federal debt coming due.
So the Fed will.
Last time the Fed did this in the 1940’s it led to 20% inflation. When Germany did it in the 1930’s it led to hyperinflation.
$QQQ One of my favorite indicators to keep me sitting on my hands at times like these, is the ROC. After a 4+% pullback, this helps to identify more judicious times to place your bets.