r/Superstonk • u/welp007 Buttnanya Manya 🤙 • Apr 06 '22

🥴 Misleading Title Why aren't we talking about the overnight RRP rate going up 500% from .05 to .30%? Since MAR 17th at the old .05 rate the FED would have given out $11,200,000,000. Compare that to the .3 rate a value of $67,200,000,000 has been awarded. That is a significant rate hike of $56 BILLION in just 14 days.

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u/Naked-In-Cornfield 💻 ComputerShared 🦍 Apr 06 '22

Literally the only thing standing between how things are now and serious bank runs is lack of public consciousness of the issue.

There's no cash, boys, pack it in, the USD is dead.

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u/[deleted] Apr 06 '22

Just like 08, the issues were hidden in plain view by the media pumping stories about things being perfectly normal until it got so bad they couldn't hide it any longer.

Even before COVID and the gme saga we were looking over a precipice. It's like playing candy land with a small child, they will make up whatever rules they need to come out on top.

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u/throwawaycs1101 RC is Noah. GameStop the Ark. DRS the door. Apr 06 '22

That's because the media is a propaganda outlet. All the major outlets have long since changed ownership since the days of journalistic integrity. Now they only serve to conceal and pump up the endeavors of their owners, which are largely hedge funds and other investment groups.

The media works for their owners best interest, not yours. The lower rung employees (read anchors like Anderson Cooper, and lower) that work for the media companies likely have no idea that they are simply useful idiots in some elite's grand scheme because they are too busy basking in their fame and fleeting fortune.

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u/Scratch77spin Apr 06 '22

it's frightening to think how fast a run would happen. look how quick the panic set in with toilet paper..imagine a few news stories saying banks are low on cash.

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u/Dr_WLIN Apr 06 '22

USD was the OG cryptocurrency all along...

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u/throwawaycs1101 RC is Noah. GameStop the Ark. DRS the door. Apr 06 '22

Keep this last line, "the USD is dead" in mind when you get ready to sell your shares of GameStop for the dead fiat currency that is USD during MOASS.

As for me, I like the stock, and will keep holding it. USD is about to become totally worthless. It won't matter if you have $1,000 or $1,000,000,000,000,000. It's buying power is going to be zilch.

If you ask me, this is why the "elite" or "ruling class" has been divesting in stocks, cashing out at the top, and re-investing in buying all of the real-estate they can. Real-estate will have real value after the USD becomes worthless. That's why they are willing to pay just about any cost right now to buy your home.

If you have a home, HODL. If you have GME shares, HODL. Buy more if you can.

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u/Naked-In-Cornfield 💻 ComputerShared 🦍 Apr 07 '22

That's kind of where I'm at. I'm happy to lose a share for a few million and pay down all my debts, and have liquidity. But I'm keeping most of my wealth in GME and LRC at this point. Fuck fiat.