Originally Posted by yesum
I know the risks of shorting as I have done it many times. I do not like to do it but now seems to be a good time if ever there was. I am afraid the tax bill will not pass and that will send everything down.
So many have their ear to the air, finger at the ready, listening for that sharp crack that occurs just as the final snowflake hits the ground, and causes the snap that sends the mass in movement. Most people don't know that Money Market Funds have been Gated, and that as one of the major parts of the Dodd-Frank financial bill that was passed way back in 2010 was that there would never again be a "bail out". From that point forward it would be "bail ins", meaning instead of taxpayers paying to make banks whole it would be "investors" that would take the hit. Sounds good right? Well "investors" is a funny word when it comes to financial institutions. When you deposit money into an account, especially a bank account, you are considered an "investor" who has made an UNSECURED loan to the bank. Further, in the world of "investors" there is a hierarchy. Some investors are more special than other and none is lower than a bank depositor, meaning when shit gets jiggy, you aint getting shit.
And get this. This is amazing. The Dodd Frank bill also moved a certain class of investor to the absolutely front of the line, no questions asked, no debate, here it is, fucking deal with it:
Derivatives get first shot at all the money. So twenty trillion or so in depositor accounts will be instantaneously drained from the system if there are defaults enough to trigger a derivative "event", since there hundreds of trillions in derivatives that have been written and are used as collateral to prop up other multi trillion dollar scams all through out the entire financial matrix.
Ponder also that those 20 trillion in deposits are backstopped by the FDIC which has 40 billion in its account, so good luck with that.
It's no wonder you want to short the market. I want to know how to short civilization
Sorry if you already know all that shit. I just thought it was relevant for some reason