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WALL STREET MIGHT NEED A PLUMBER.........FAST.

Discussion in 'The Kruse Longevity Center' started by Jack Kruse, Jan 29, 2021.

  1. Jack Kruse

    Jack Kruse Administrator

  2. Jack Kruse

    Jack Kruse Administrator

    Short selling isn't bad in GME. It's only bad when you borrow stock certificates and aren't over-collateralized with an asset in escrow that can be immediately sold 24/7, and 365 days a year. The issues we are seeing are vulnerabilities in the fractional reserve system in which everything is constructed. Another reason to unbank your own treasury
     
  3. Jack Kruse

    Jack Kruse Administrator

    Looks like the plumber fixed the problems over the weekend. Steven Cohen took the brunt of the pounding.
     
    GavinH likes this.
  4. Jack Kruse

    Jack Kruse Administrator

    This issue is laid out here at the 49-minute mark. This is why no one should own equities in the current system based on what the GME situation showed us. If an investment bank goes belly up there is no way to segregate who owns what. This is why when Dole was sold there were not enough shares for stakeholders.

    BlockChain verification ends this rehypothecation risk. This is one of the largest reasons blockchain will replace the current fiat markets.

     
    GavinH, JanSz and DebraGM like this.
  5. Jack Kruse

    Jack Kruse Administrator

    Web3 Foundation is building a Web 3.0 internet companies that will replace AMZN, APPL, FB, etc where users are in control of their own data, identity, and destiny. Their primary projects are Polkadot & Kusama Network.
     
    GavinH, caroline and JanSz like this.
  6. Jack Kruse

    Jack Kruse Administrator

    DeFi Rx's to cure people of Robinhood theft.
     

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