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No one wants to talk about this, but we all should be. - The EVERYTHING short PART 2 (original research by u/atobitt on Reddit) - If you've heard about Gamestop, you should read this to get a better idea what's really going on.

source

part one here;

https://sec.report/CIK/0001284170

SeE tHeRe? I tOlD yOu ThEy HaD iT cOvErEd..

Yeaaaah... now read the fine print.

I know the totals are slightly different than the balance above, but they're both from 2020. It's just how they are presented. Check for yourself. (https://sec.report/CIK/0001284170)

So no, they don't have it covered. Why? Because our POS financial system allows for rehypothecation, that's why. It's a big fancy word for using amounts owed to you as collateral for another transaction. In the event that the party defaults, SO DO YOU.

This means that the securities which Palafox is waiting to receive, have ALREADY been pledged to pay off the bonds they currently OWE to someone else.

Does this sound familiar? Promising to repay something with something you don't already have? Basically you need to wait on Ted, to repay Steve, to repay Jan, to repay Mark, to repay you, so you can repay Fred, so Fred can.... Yeah, REAAAAL secure..

OH, and by the way, the problem is getting WORSE.

Here's Palafox's financial statements in 2018:

https://sec.report/CIK/0001284170

And 2019:

https://sec.report/CIK/0001284170

The amount in 2020 is STILL +100% greater than 2019, AFTER netting (which is even more bullsh*t).

https://sec.report/CIK/0001284170

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All of this made me wonder what the FICC's balance is for treasury deposits... For those of you that don't know, the FICC is a branch of the DTCC that deals with government securities.

Just like the updated DTC rule for supplemental liquidity deposits being calculated throughout the day, the FICC also calculates this amount as it relates to treasury securities multiple times throughout the day.

Would you be surprised that the FICC has $47,000,000,000 (BILLION) just in DEPOSITS for unsettled treasury bonds? $47,000,000,000!?!?!?

CAN YOU IMAGINE HOW ASTRONOMICAL THE ACTUAL MARGIN MUST BE?!

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There is TOO much evidence, from TOO many separate events, pointing to the imminent default of something big. That's all this is going to take. When Ted can't repay Steve, it means the panic has already started. Just look at how easy it was for the repo rate to spike overnight in 2019..

We are already starting to see the consequences of the SLR update with Archegos, Nomura, and Credit Suisse. This is just a taste of what's to come.. and now we know the bond market represents an even BIGGER catalyst in triggering this event.. and it's happening already.

With that being said, things finally started to make sense... Citadel doesn't NEED shares if their investment strategy to go short on EVERYTHING instead of going long. Why bother owning shares? Financial institutions and other asset managers simply lend them to you when you need to pony up a margin call for stocks and bonds..

Their HFT systems allow them to manipulate the market in their favor so there's NO way they could fail.... unless.... a bunch of degenerates all decided to ignore taking profits...

But that would NEVER happen, right?

...wrong...

we just like the stonks

DIAMOND.F*CKING.HANDS

This is not financial advice

once again, original research by u/atobitt on Reddit

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No one wants to talk about this, but we all should be. - The EVERYTHING short PART 1 (original research by u/atobitt on Reddit) - If you've heard about Gamestop, you should read this to get a better idea what's really going on.

source

part two here;

4/4/2021 EDIT: Just got done watching this review (2:09:37) from George Gammon and Meet Kevin. As pointed out by George, the link I posted below talking about the submitted repo amount was ONLY showing the NY Fed's total for that day. According to his own research, he suspects that $4 TRILLION is pumped through this market, EACH DAY.

4/1/2021 EDIT: GREAT NEWS APES! u/dontfightthevol has been reviewing my post and helping me address weaknesses! I take this as REALLY good news as we move another step closer to exposing the TRUTH. Furthermore, I am making updates that take speculative connections out of this post.

The first one being the WSJ article covering BlackRock, where the fed has tapped them to purchase bonds for the government. These bonds consist of mortgage backed securities and corporate bonds- NOT TREASURIES. While this does not destroy the concept within the post, it DOES remove a link between the speculative relationship of BlackRock and Citadel. Citadel is still shorting bonds, other hedge funds are shorting bonds, BlackRock just isn't buying treasuries from the government. There are plenty of other financial institutions lending out their treasury bonds.

We are still discussing the post and I will make updates as they are available.

STAY TUNED!

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TL;DR- Citadel and friends have shorted the treasury bond market to oblivion using the repo market. Citadel owns a company called Palafox Trading and uses them to EXCLUSIVELY short & trade treasury securities. Palafox manages one fund for Citadel - the Citadel Global Fixed Income Master Fund LTD. Total assets over $123 BILLION and 80% are owned by offshore investors in the Cayman Islands. Their reverse repo agreements are ENTIRELY rehypothecated and they CANNOT pay off their own repo agreements until someone pays them, first. The ENTIRE global financial economy is modeled after a fractional reserve system that is beginning to experience THE MOTHER OF ALL MARGIN CALLS.

THIS is why the DTC and FICC are requiring an increase in SLR deposits. The madness has officially come full circle.

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My fellow apes,

After writing Citadel Has No Clothes, I couldn't shake one MAJOR issue: why do they have a balance sheet full of financial derivatives instead of physical shares? Even Melvin keeps their derivative exposure to roughly 20%...(whalewisdom.com, Melvin Capital 13F - 2020)

The concept of a hedging instrument is to protect against price fluctuations. Hopefully you get it right and make a good prediction, but to have a portfolio with literally 80% derivatives.... absolute INSANITY.. it's is the complete OPPOSITE of what should happen.. so WHAT is going on?

Let's break this into 4 parts:

Repurchase & Reverse Repurchase agreements

Treasury Bonds

Palafox Trading

Short-seller Endgame

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Ok, 4 easy steps... as simple as possible.

Step 1: Repurchase & Reverse Repurchase agreements.

WTF are they?

A Repurchase Agreement is much like a loan. If you have a big juicy banana worth $1,000,000 and need some quick cash, a repo agreement might be right for you. Just take that banana to a pawn shop and pawn it for a few days, borrow some cash, and buy your banana back later (plus a few tendies in interest). This creates a liability for you because you have to buy it back, unless you want to default and lose your big, beautiful banana. Regardless, you either buy it back or lose it. A reverse repo is how the pawn shop would account for this transaction.

Why do they matter?

Repos and reverse repos are the LIFEBLOOD of global financial liquidity. They allow for SUPER FAST conversions from securities to cash. The repo agreement I just described is happening daily with hedge funds and commercial banks. EDIT: Inserting the quote from George Gammon: according to his calculations, the estimated total amount of repos are $4 TRILLION, DAILY. The NY Fed, alone, submitted $40.354 BILLION for repo agreements on (3/29). This amount represents the ONE DAY REPO due on 3/30. So yeah, SUPER short term loans- usually a few days. It's probably not a surprise that back in 2008 the go-to choice of collateral for repo agreements was mortgage backed securities..

Lehman Brothers went bankrupt because they fraudulently classified repo agreements as sales. You can do your own research on this, but I'll give you the quick n' dirty:

Lehman would go to a bank and ask for cash. The bank would ask for collateral in return and Lehman would offer mortgage backed securities (MBS). It's great having so many mortgages on your balance sheet, but WTF good does it do if you have to wait 30 YEARS for the cash.... So Lehman gave their collateral to the bank and recorded these loans as sales instead of payables, with no intention of buying them back. This EXTREMELY overstated their revenue. When the market started realizing how sh*tty these "AAA" securities actually were (thanks to Michael BRRRRRRRRy & friends), they were no longer accepted as collateral for repo loans. We all know what happened next.

The interest rate in 2008 on repos started climbing as the cost of borrowing money went through the roof. This happens because the collateral is no longer attractive compared to cash. My favorite bedtime story is how the Fed stepped in and bought all of the mean, toxic assets to save the US economy.. They literally paid Fannie & Freddie over $190 billion in bailouts..

A few years later, MF Global would suffer the same fate when their European repo exposure triggered a massive margin call. Their foreign exposure to repo agreements was nearly 4.5x their total equity.. Both Lehman and MF Global found themselves in a major liquidity conundrum and were forced into bankruptcy. Not to mention the other losses that were incurred by other financial institutions... check this list for bailout totals.

But.... did you know this happened AGAIN in 2019?

Instead of the gradual increase in rates, the damn thing spiked to 10% OVERNIGHT. This little blip almost ruined the whole show. It's a HUGE red flag because it shows how the system MUST remain in tight control: one slip and it's game over.

The reason for the spike was once again due to a lack of liquidity. The federal reserve stated there were two main catalysts (click the link): both of which removed the necessary funds that would have fueled the repo market the following day. Basically, their checking account was empty and their utility bill bounced.

It became apparent that ANOTHER infusion of cash was necessary to prevent the whole damn system from collapsing. The reason being: institutions did NOT have enough excess liquidity on hand. Financial institutions needed a fast replacement for the MBS, and J-POW had just the right thing.. $FED go BRRRRRRRRRRRRRRRRR

"but don't say it's QE.."

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Step 2: Treasury Bonds

Ever heard of the bond market? Well it's the redheaded step-brother of the STONK market.

The US government sells you a treasury bond for $1,000 and promises to pay you interest depending on how long you hold it. Might be 1%, might be 3%; might be 3 months, might be 10 years. Regardless, the point is that purchasing the US Treasury bond, in conjunction with mortgage backed securities, allowed the fed to keep pumping unlimited liquid tendies into the repo market. Surely, liquidity won't be an issue anymore, right?

Now... take the repo scenario from the Lehman Brothers story, but instead of using ONLY mortgage backed securities, add in the US Treasury bond: primarily the 10-year. Note that MBS are still prevalent at 19.1% of all repo transactions, but the US Treasury bond now represents a whopping 67%.

For now, just know that the US Treasury has replaced the MBS as the dominant source of liquidity in the repo market.

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Step 3: Palafox Trading

Ever heard of Palafox Trading? Me either. It's pretty much meant to be that way.

Palafox Trading is a market maker for repurchase agreements. Initially, they appear to be an innocent trading company, but their financial statements revealed a little secret:

Are you KIDDING ME?... I should have known...

OF COURSE Citadel has their own private repo market..

Who else is in this cesspool?!

I made this using the financial statement listed above, showing all beneficiaries of the GFIL

Everything rolls into the Citadel Global Fixed Income Master Fund... This controls $123,218,147,399 (THAT'S BILLION) in assets under management... I know offshore accounts are technically legal for hedge funds.... but when you look at the itemized holdings of these funds on Citadel's most recent form ADV, it gives me chills..

Form ADV page 105-106....

Ok... ok.... let me get this straight....

The repo market provides IMMEDIATE liquidity to hedge funds and other financial institutions

After the MBS collapse in 2008, the US Treasury replaced it as the liquid asset of choice

Citadel owns 100% of Palafox Trading which is a market maker for repo agreements

This market maker provides liquidity to the Global Fixed Income Master Fund LTD (GFIL) through Citadel Advisors

80% of its $123,218,147,399 in assets under management belong to entities in the Cayman Islands

Ok.....I tore the bermuda, paradise, and panama papers apart and found that all of these funds boil down to just a few managers, but can't pin anything on them for money laundering... However, if there EVER were a case for it, I'd be extremely suspicious of this one...

The level of shade on all this is INCREDIBLE... There should be NO ROOM for a investment pool as big as Citadel to hide this sh*t.... absolutely ridiculous..

The fact that there is so much foreign influence over our bond & repo market, which controls the liquidity of our country, is VERY concerning..

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Step 4: Short-seller Endgame

Alright, I know this is a lot to take in..

I've been writing this post for a week, so reading it all at one time is probably going to make your head explode.. But now we can finally start putting all of this together.

Ok, remember how I explained that the repo rate started to rise in '08 because the collateral was no longer attractive compared to cash? That means there wasn't enough liquidity in the system. Well this time the OPPOSITE effect is happening. Ever since March 2020, the short-term lending rate (repo rate) has nearly dropped to 0.0%....

https://www.newyorkfed.org/markets/treasury-repo-reference-rates

So the fed is printing free money, the repo market is lending free money, and there's basically NO difference between the collateral that's being lent and the cash that's being received.. With all this free money going around, it's no wonder why the price of the 10 year treasury has been declining.

In fact, hedge funds are SO confident that the 10 year treasury will continue to decline, that they've SHORTED THE 10-YEAR BOND MARKET. I'm not talking about speculative shorting, I mean shorting it to oblivion like they've shorted stocks.

Don't believe me?

Hedge funds like Citadel Advisors must first locate the treasury bond in order to swap them for cash in the repo market. It's extremely difficult to do this with the fed because they're tied up in government BS, so they locate a lender in the market. These consist of other commercial banks and hedge funds.

NOTE: I MADE A COMMENT ABOUT BLACKROCK SUPPLYING TREASURY BONDS AND THIS IS NOT TRUE. UPON FURTHER REVIEW ( CREDIT u/dontfightthevol ) THESE BONDS CONSIST OF MBS AND CORPORATE BONDS. WHILE THE US TREASURY DEPARTMENT IS INVOLVED, THEY ARE NOT SUPPLYING TREASURY BONDS.

So financial institutions keep treasuries on reserve for hedgies like Citadel to short. Citadel comes along and asks for the bond, they throw it into Palafox Trading and collect their cash. So what happens when they need to pay for their repo agreement? Surely to GOD there are enough bonds floating around, right? Not unless hedge funds like Citadel have shorted more bonds than there are available.

Here's the evidence.

There have been 3 instances over the past year where the repo rate dipped below the "failure" rate of -3.0%. On March 4th 2021, the repo rate hit -4.25% which means that investors were willing to PAY someone 4.25% interest to lend THEIR OWN MONEY in exchange for a 10 year treasury bond.

This is a major signal of a squeeze in the treasury market. It's MAJOR desperation to find bonds. With the federal reserve purchasing them monthly from the open market, it leaves room for a shortage when the repo call hits. If commercial banks and hedge funds haven't purchased more treasuries since first lending them out, short sellers simply cannot cover unless they go into the market and PAY the bond holder for their bond. It's literally the same story as all of the heavily shorted stocks.

Still not convinced?

At the end of 2020, Palafox Trading listed $31,257,102,000 (BILLION) in GROSS repo agreements. $30,576,918,000 (BILLION) were directly related to repurchasing treasury bonds....

https://sec.report/CIK/0001284170

But what about their Reverse Repurchase agreements? Don't they have assets to BUY treasury bonds?SURE.. Take a look..

https://sec.report/CIK/0001284170

SeE tHeRe? I tOlD yOu ThEy HaD iT cOvErEd..

Yeaaaah... now read the fine print. (part 2)

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No one wants to talk about this, but we all should be. - Citadel Has No Clothes (original research by u/atobitt on Reddit) - If you've heard about Gamestop, you should read this to get a better idea what's really going on.

source

EDIT: This is not financial advice. Everything disclosed in the post was done by myself, with public information. I came to my own conclusions, as should you.

TL;DR - Citadel Securities has been fined 58 times for violating FINRA, REGSHO & SEC regulations. Several instances are documented as 'willful' naked shorting. In Dec 2020 they reported an increase in their short position of 127.57% YOY, and I'm calling bullsh*t on their shenanigans.

I've been digging into the financial statements of Citadel Securities between 2018 and 2020. Primarily because Citadel Securities actually has a set of published financial statements as opposed to the 13Fs filed by Citadel Advisors.

First... Citadel is a conglomerate.. they have a hand in literally every pocket of the financial world. Citadel Advisors LLC is managing $384,926,232,238 in market securities as of December 2020...

Yes, seriously- $384,926,232,238

$295,347,948,000 of that is split into options (calls & puts), while $78,979,887,238 (20.52%) is allocated to actual, physical, shares (or so they say). The rest is convertible debt securities.

The value of those options can change dramatically in a short amount of time, so Citadel invests in several "trading practices" which allow them to stay ahead of the average 'Fidelity Active Trader Pro'. Robinhood actually sells this data (option price, expiration date, ticker symbol, everything) to Citadel from it's users. Those commission fees you're not paying for? yeah.... think again.. Check out Robinhoods 606 Form to see how much Citadel paid them in Q4 2020.. F*CK Robhinhood.

Anyway, another example is Citadel's high-frequency trading. They actually profit between the national ask-bid prices and scrape pennies off millions of transactions... I'm going to show you several instances where Citadel received a 'slap on the wrist' from FINRA for doing this, but not just yet.

Now.... the "totally, 100% legit, nothing-to-see-here, independent*"* branch of Citadel Advisors is Citadel Securities- the Market Maker Making Manipulated Markets. The whole purpose of the DTCC is to serve as an third party between brokers and customers (check out this video for more on DTCC corruption). I'll bring up the DTCC again, soon.

Anyway, Citadel Advisors uses their own subsidiary (Citadel Securities) to support their very "unique" style of trading. For some reason, the SEC and FINRA have allowed this, but not without citing them for 58 'REGULATORY EVENTS'.

So that got me thinking.... "WTF is Citadel actually putting out there for the public to see?" Truthfully, not much... a 12-page annual report called a 'statement of financial condition'.

Statement of Financial Condition in 2018.

The highlighted section above represents securities sold, but not yet purchased, at fair value for $22,357,000,000. This is a liability because Citadel is responsible for paying back the securities they borrowed and sold. If you're thinking "that sounds a lot like a short", you're correct. Citadel Securities shorted $22 big ones (that's billion) in 2018.

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Same story for 2019- but bigger: $25,270,000,000

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2020 starts to get REALLY interesting...

Throughout the COVID pandemic, we all heard the stories of brick-and-mortars going bankrupt. It was becoming VERY profitable to bet against the continuity of these companies, so big f*cks like Citadel decided to up their portfolio... by 127.57%.

That's right. Citadel Securities upped their short position to $57,506,000,000 in 2020.

We've all heard Jimmy Cramer's bedtime stories: "It's important to create a narrative in your favor so that your short position helps drive those businesses into bankruptcy." Personally, I'm convinced that most of the media hype throughout COVID was an example of this, but I digress.

EDIT: Credit to u/JohnnyGrey for the deeper-dive, here..

Out of the $32,236,000,000 increase in shorts during 2020, $22,740,000,000 (70.5%) were increases in financial derivatives (options)...

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Anyway, Citadel shorted another $32,236,000,000 in 2020 and rolled into 2021 with some PHAT $TACK$. Now it's time for a quick accounting lesson; this is where you're going to sh*ted the bed.

You see the highlighted section below? Citadel (and other companies reporting highly liquid securities) uses 'Fair Value' accounting to measure the amount that goes on their balance sheet (including liabilities like short positions). The cash that Citadel received (asset) was accounted for when the security was sold, but the liability (short) needs to be recorded at the CURRENT MARKET PRICE for those securities while they remain on the balance sheet..

At the end of 2020, the 'Fair Value' of their short positions were $57 billion.

At the end of 2021, however, Citadel will need to adjust the value of those liabilities to their CURRENT market value... Since we don't know the domestic allocation of their short portfolio, you can only imagine the sh*tsunami that's coming for them..

Take $GME for example....

We KNOW that Citadel "had" a short position in $GME along with Melvin Capital... Can you imagine the damage that r/wallstreetbets has done to the other stonks in their portfolio? If Melvin lost 53% in January from this, there's no telling what the current 'Fair Value' of those shorts are..

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I trust a wet fart more than Citadel, Melvin, and Point 72. Here's why.

This is a FINRA report published in early 2021. It cites 58 regulatory violations and 1 arbitration. After explaining how Ken Griffin basically controls the world through the tentacles of the Citadel octopus, it lists detailed cases and fines that were usually 'neither admitted or denied, but promptly paid' by Citadel Securities.

Let me shed some light on a FEW:

INACCURATE REPORTING OF SHORT SALE INDICATOR. FIRM ALSO FAILED TO HAVE A SUPERVISORY SYSTEM IN PLACE TO COMPLY WITH FINRA RULES REQUIRING USE OF SHORT SALE INDICATORS. DATE INITIATED 11/13/2020 - $180,000 FINE

TRADING AHEAD OF ACTIVE CUSTOMER ORDERS... IMPLEMENTED CONTROLS THAT REMOVED HUNDREDS OF THOUSANDS OF MOSTLY-LARGER CUSTOMER ORDERS FROM TRADING SYSTEM LOGICS... INTENTIONALLY CREATING DELAYS BETWEEN MARKET MAKERS' TRANSACTIONS WHILE THE UNRESPONSIVE PARTY UPDATED PRICE QUOTES.... NO SUPERVISORY SYSTEM IN PLACE TO PREVENT THIS. DATE INITIATED 7/16/2020 - $700,000 FINE

FAILED TO CLOSE OUT A FAILURE TO DELIVER POSITION; EFFECTED SHORT SALES. DATE INITIATED 2/14/2020 - $10,000 FINE

BETWEEN JUNE 12, 2013 - OCTOBER 17 2017 (YEAH, OVER 4 YEARS) THE FIRM PRINCIPALLY EXECUTED BETWEEN 248 AND 7,698 BUY ORDERS DURING A CIRCUIT BREAKER EVENT; FAILED TO ESTABLISH AND MAINTAIN SUPERVISORY PROCEDURES TO ENSURE COMPLIANCE. INITIATED 1/22/2020 - $15,000 FINE

ON OR ABOUT 11/16/2017, CITADEL SECURITIES TENDERED 34,299 SHARES IN EXCESS OF IT'S NET LONG POSITION (naked short); DATE INITIATED 8/21/2019 - $30,000 FINE

CEASE AND DESIST ORDER ON 12/10/2018: FAILURE TO SUBMIT COMPLETE AND ACCURATE DATA TO COMMISSION BLUESHEET ("EBS") REQUESTS. (BASICALLY FAILED TO PROVIDE PROOF OF TRANSACTIONS TO THE SEC). BETWEEN NOV 2012 AND AUG 2016, CITADEL SECURITIES PROVIDED 2,774 EBS STATEMENTS, ALL OF WHICH CONTAINED DEFICIENT INFORMATION RESULTING IN INCORRECT TRADE EXECUTION TIME DATA ON 80 MILLION TRADES. DATE INITIATED 12/10/2018 - $3,500,000 FINE

TENDERED SHARES FOR THE PARTIAL TENDER OFFER IN EXCESS OF ITS NET LONG POSITION (more naked shorting); FAILED TO ESTABLISH SUPERVISORY PROCEDURES TO ASSURE COMPLIANCE WITH THE RULES. INITIATED 3/22/2018 - $35,000 FINE

IN MORE THAN 200,000 INSTANCES BETWEEN JULY 2014 AND SEPTEMBER 2016, FIRM FAILED TO EXECUTE AND MAINTAIN CONTINUOUS, TWO-SIDED TRADING INTEREST WITHIN THE DESIGNATED PERCENTAGE (scraping pennies between bid-ask) ABOVE AND BELOW THE NATIONAL BEST BID OFFER.... INITIATED 10/13/2017 - $80,000 FINE

ANOTHER CEASE AND DESIST FOR MAJOR MARKET MANIPULATION BETWEEN 2007 - 2010. INITIATED 1/13/2017 - $22,668,268 FINE

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Quite frankly, I'm tired of typing them. There are STILL 49 violations, and most are BIG fines.

Naked shorts, failure to provide documentation to SEC, short selling on trade halts..... is this starting to sound familiar? When r/wallstreetbets started exposing the truth, they lost the advantage. Now that the DD is coming out about this sh*t, they're getting desperate.

Let's look at some recent events that occurred with trading halts in $GME. On March 10 2021 (Mar10 Day) we watched the stock rise until 12:30pm when an unbelievable drop triggered at least 4 circuit breaker events (probably more but I walked away for a bit).

Price drop of 40% in about 25 minutes

Now... I do not believe retail traders did this.. most importantly, the market was totally frozen for the majority of that 25 minutes. Even if people were putting in orders to sell, there were just as many people trying to buy the dip.

The volume of shares flooding the market- at the same exact time- was premeditated. I can say that with confidence because several media outlets (mainly MarketWatch) published articles WHILE this was happening, after nearly a week of radio-silence. MarketWatch even predicted the decline of 40% before the entire drop had occurred. When Redditors reached out to ask WTF was going on, the authors set their Twitter accounts to private... slimy. as. f*ck.

"But wait.... didn't example # 4 say that Citadel was fined $15,000 for selling shorts during circuit breaker events!?"

Yup! and here are TWO more instances:

CITADEL SECURITIES LLC EFFECTED TRANSACTIONS DURING NUMEROUS TRADING HALTS..

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2: And another...

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Think Citadel is alone in all of this? Think again... It's actually been termed- "flash crash".

$12,500,000 fine for Merrill Lynch in 2016..

$7,000,000 for Goldman...

$12,000,000 for Knight Capital...

$5,000,000 for Latour Trading...

$2,440,000 for Wedbush...

PEAK-A-BOO, I SEE YOU! $4,000,000 for MORGAN STANLEY

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I can't tell who was responsible for the flash crash in $GME last Wednesday; I don't think anyone can. However, to suggest that it wasn't market manipulation is laughable. The media and hedge funds are tighter than your wife and her boyfriend, so spending time on this issue is a waste.

But what we can do is look at the steps they're taking to prepare for this sh*tsunami. So let's summarize everything up to this point, shall we?

Citadel has been cited for 58 separate incidents, several of which were for naked shorting and circuit breaker flash-crashes

The short shares reported on Citadel's balance sheet as of December 2020 were up 127% YOY

The price of several heavily-shorted stocks has skyrocketed since Jan 2021

Citadel uses 'Fair Value' accounting and needs to reconcile the value of their short positions to this new market price. The higher the price goes, the more expensive it becomes for them to HODL

We know that Citadel is on the hook for $57,000,000,000 in shorts, but at least they're HODLing onto some physical shares as assets, right?.... RIGHT??

This should soothe that smooth ape brain of yours...

"UHHHHHH ACTUALLY, THE DTCC & FRIENDS OWN OUR PHYSICAL SHARES".....

Well that's just terrific, because the DTCC just implemented SRCC 801 which means they DON'T have your f*cking shares... I've seriously never seen so much finger pointing and ass-covering in my LIFE....

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I know this post was long, but the story can't go untold.

The pressure being placed on hedge funds to deliver has never been higher and the sh*t storm of corruption is coming to a head. Unfortunately, the dirty tricks & FUD will continue until this boil ruptures. There are several catalysts coming up, but no one truly knows when the MOAB will blow.

However, desperate times call for desperate measures and we have never seen so much happening at once. For all of these reasons and more: Diamond. F*cking. Hands.

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once more, original credit to u/atobitt on Reddit, source here

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