GAMESTONKS II - Full Faith and Credit in Memes

**synistar** · 2021-09-28 13:50

As to not shit up the economy thread, new STONKS thread.

The stalling Debt Ceiling talks are pretty much shitting up everything from the S&P 500 to crypto. The US Treasury Secretary Yellen says that the US will run out of cash on October 18th after exhausting all extortionary measures to pay the bills.

Energy prices are creeping upwards. Supply Chains are still all gummed up. Inflation fears. Delta and other variant fears could curtail economic reopening.

But we can all put our faith in memestonks that are still up for the year.

**Koyangi** · 2021-09-28 13:52

These next few months are gonna be lit.

**Zealot** · 2021-09-28 13:53

Republicans are absolutely gunning to shut down the government as retribution for those times during the Trump Presidency when Republicans shut down the government.

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**Byrthnoth** · 2021-09-28 14:50

Originally Posted by Zealot

Republicans are absolutely gunning to shut down the government as retribution for those times during the Trump Presidency when Republicans shut down the government.

**NynJa** · 2021-09-28 15:27

The USA gonna go bankrupt because Archi needed to renovate his bathroom on their dime.

**Melena** · 2021-09-28 16:39

My portfolio today after finally recovering from last weeks crash.

**synistar** · 2021-09-28 16:48

I'll say we will be in correction territory by the end of the week if Congress does nothing and the infrastructure bill dies in the House.

**Fondue** · 2021-09-28 16:59

>looking at your investments
Why tho

**Daydreamer** · 2021-09-28 20:05

Originally Posted by synistar

I'll say we will be in correction territory by the end of the week if Congress does nothing and the infrastructure bill dies in the House.

Time for some vix calls.

**6souls** · 2021-09-30 10:24

https://money.yahoo.com/top-treasury...124059096.html

Crypto needs an adult.

As regulators circle cryptocurrency, acting Comptroller of the Currency Michael Hsu warned that the U.S. could be heading for a new financial crisis if oversight over the industry isn’t tightened.

“If the crypto industry doesn’t evolve or is more responsible, then we will be headed” for a potential rerun of 2008, Hsu told Yahoo Finance in an exclusive interview. The official is one of several crypto skeptics within the Biden administration who have taken more of a hardline on regulating the booming digital coin movement.

Hsu sounded the alarm, but noted there’s still some time to guard against a crisis. He doesn’t expect the sector will blow up in the near term. “But we are at a point where there need to be some adults in the room that guide this industry into a more responsible place,” he added.

Hsu appeared to be sending a warning to the industry – regulate yourselves before the government over-regulates you.

“I’m telling the industry today, you know what best practices are. You should impose that on yourselves now before there’s a crisis and people lose money,” said Hsu. “There are real people now putting their money into this industry and if they’re not responsible those people will lose money.”

**synistar** · 2021-10-20 10:40

BTC hit $66k today. Let's see how stupid the crypto ride is for Q4.

**Daydreamer** · 2021-10-22 09:05

Looks like dwac is the trumpet version of GameStop.

I sold my soul on crtd this morning as it’s similar but had options. Up 63% so far.

Edit: And it may be dead. Lots of halts seem to have killed the momentum. I do expect a big pump then dump if they add options over the weekend.

**Melena** · 2021-10-25 12:14

Any idea why Tesla is popping? Up almost 80 a share today and making me wish I sunk more money in them. Bought 3 shares when I started my portfolio in august and shit has gained 53% since then.

**synistar** · 2021-10-25 12:19

Deal with Hertz for the purchase of 100k vehicles. TSLA market cap has now hit $1T

**Melena** · 2021-10-25 12:29

I just saw that, damn. Well good for me and anyone else who owns stock in Tesla.

**Daydreamer** · 2021-10-25 13:13

Anyone else riding this BKKT train?

**archibaldcrane** · 2021-10-25 13:22

Originally Posted by synistar

Deal with Hertz for the purchase of 100k vehicles.

jesus christ

**archibaldcrane** · 2021-10-25 13:23

Lol, Elon is now worth more than Bill Gates and Larry Page (the #4 and #5 richest people in the world) put together.

**synistar** · 2021-10-25 13:30

Let's be frank for a second here. That contract is fat for Tesla. But that's a long term production fleet contract that won't be filled for at least 10-15 years. Longer if the supply chains don't recover.

The US really needs to start up some domestic semiconductor production already.

**archibaldcrane** · 2021-10-25 13:32

10-15 years? They're going to deliver in excess of 700k vehicles this year, it's not going to take nearly that long.

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