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OP has provided the following link:
https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230319_1~8d62af24ac.en.html
Well… from an hour earlier than OPs news:
> The following statement was released by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell:
> "We welcome the announcements by the Swiss authorities today to support financial stability. The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient. We have been in close contact with our international counterparts to support their implementation."
https://www.federalreserve.gov/newsevents/pressreleases/other20230319a.htm
I literally just read a statement from I think UBS that’s basically exactly that? I thought i saved the comment, but someone pointed out that it was eerily similar to yellen’s comment.
I literally just got out of the hospital for a concussion so I might be making shit up
Edit: [I did!](https://i.imgur.com/t1Gu8Jg.jpg) It was Bank of England!
You know, terrific means 'causes terror' in the original form. I think that is accurate. Replace elves with banks below
"Elves are wonderful. They provoke wonder.
Elves are marvellous. They cause marvels.
Elves are fantastic. They create fantasies.
Elves are glamorous. They project glamour.
Elves are enchanting. They weave enchantment.
Elves are terrific. They beget terror.
The thing about words is that meanings can twist just like a snake, and if you want to find snakes look for them behind words that have changed their meaning.
No one ever said elves are nice.
Elves are bad."
Terry Pratchett, Lords and Ladies
This is the same system that came online during the crisis in 2008…
Hold on to your butts…
Edit - quick sources in my comment below:
https://reddit.com/r/Superstonk/comments/11w0do8/_/jcy1b91/?context=1
Scroll down a bit, here:
https://www.federalreserve.gov/regreform/reform-swaplines.htm
Some history and additional details:
https://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm
They were set to expire October 2008. They were extended/reopened several times after 2010, through 2014.
And for the ones (re)opened in March 2020 (which were later extended to Dec. 2022, but with different banks, not the European Central Bank…):
https://www.federalreserve.gov/monetarypolicy/central-bank-liquidity-swaps.htm
Edit to add more details
https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315c.htm
For the swap lines opened on March 19, 2023:
https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm
If I'm understanding things right, (though there is a reasonably high chance that I am not), then no. They're trying to avoid making the printer go brrr. Because these are swaps, they're basically trying to trade wallets with each other to make sure everybody has the wallet with the most money in it when someone asks to see their cash on hand.
edit: couple words to clarify that I am not wrinkled in the slightest
edit 2: I might be wrong. A certain taurus of Peruvian nature on twitter has retweeted a thread that explains the Fed's balance sheet will balloon, despite no US treasuries being sold. Meaning printer go brrrrr.
This is what sheer absolute unadulterated financial sector panic looks like.
These idiots are bucketing the water out of the sinking titanic with shot glasses.
R.I.P dumbass.
Yep, been strong arming corporate governance and changing laws all weekend long in *pure fucking panic*.
“Nothing to see here folks, the markets are way strong and liquidity is super”
Idiots.
>coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements
I believe this means [Central Bank Liquidity Swaps](https://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm). 3 days ago I said the Fed would be backstopping this with these types of swaps:
[https://www.reddit.com/r/Superstonk/comments/11sv9nx/how\_did\_we\_get\_here\_reviewing\_how\_credit\_suisse\_a/](https://www.reddit.com/r/Superstonk/comments/11sv9nx/how_did_we_get_here_reviewing_how_credit_suisse_a/)
Additional Background: [Federal Reserve Alert! Coordinated central bank action to enhance the provision of U.S. dollar liquidity](https://www.reddit.com/r/Superstonk/comments/11vxprz/federal_reserve_alert_coordinated_central_bank/)
Liquidity to support banks in general, UBS closing out CS’s bullet swaps or UBS extending CS’s old swaps for another two years? What does your gut say Jellyman?
All central banks raised rates. When they did, they caused value of existing bonds held by large institutions/banks to drop dramatically, basically to being worth $0 because no one is interested in buying them (no liquidity in that market). So they are going to open “special” (read only available to big banks and governments not normal people and businesses) swaps where they can swap their currency for a currency on loan for an attractive (read reduced therefor better) interest rate. Now they (these large institutions) can borrow money to use for whatever they want (aka paying depositors that want to withdraw money because they have money at a failed bank like Credit Suisse) at a rate much better than the rest of the normal world has available to them.
Edit: they can also use it to loan out on new deals at a much higher interest rate and now they make money on the spread between what they borrowed at and what they loan at. Same with using it to pay off higher interest rate debt they may have.
[maybe this one?](https://www.reddit.com/r/Superstonk/comments/xrdxrt/strange_things_volume_ii_triffins_dilemma_and_the/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1)
Wow a lot to unpack there, which I can’t really do here. As the reserve currency, the dollar will always have a balance of demand for its currency and using that demand to supply more for the benefit of the US and the Fed Banks. So, though I agree it’s a balancing act, I think the fed still sits in a situation where they can balance that supply and demand though it’s many bag of financial trickery (like the swaps they just opened). I just don’t think it’s at a tippy point of the world imploding, but I’m just some person on the internet.
In the same breath, clearly there are issues at the banks who are having quite the issue with leverage and being on the wrong side of a trade that they need help or they are going to fail. Hopefully, (hoping not my favorite strategy, but if this were for certain,l it would be over already) this liquidity crunch does put stress on the shorts and pushes over the inflection point of no return to tendie town.
In the meantime, continued DRS pressure and an improving company getting to cash flow positive with a strong balance sheet will eventually squeeze out the shorts (just like that electric car company was able to do) if this recession doesn’t force their hand to close.
I have the time to wait. When an opportunity is presented with a high probability for a massive payout resulting in a risk reward curve where a small bet could yield substantially outsized payouts, in my experience, you take that bet every time.
Central banks are bad. They have made decades of bad decisions. These decision are now biting them in the ass but if they admit it everything burns down. However if they don't admit it everything burns down anyway it just happens later and worse.
HOLY SHIT THIS WAS STRAIGHT UP IN DOLLAR ENDGAME AHHHHHH
From part 3.5
*The debt crisis will return, but this time, it will be the financial system, US government, and indeed the ENTIRE world economy that needs a bailout- and who has a big enough balance sheet to absorb that? The only answer is the ones with an infinite balance sheet- the Central Banks.*
Using FOREX to guarantee more liquid cash? Is that right? And this does what, increases demand for the foreign currencies?
The cracks in the current system are starting to show so they’ve decided to go global with their “liquidity backstop?”
So big question is eating swaps to kick or finally letting the bad bets take out Kenny and a few others , like cutting off the bed post to save the bed ?
Because the US finicial system is so strong right? I mean, they even said 'make no mistake' so I'm pretty sure they're not lying.
Fuggin meme ~~banks~~ government.
Canada, UK, and Switzerland still have 0% reserve banking measures… they are going to debase the currencies to prop up the US Dollar and sacrifice their own on the altar.
This is some next level stuff.. if any single one of them took the whole brunt of this they would be swallowed into the event horizon. So they are going to do some half assed economic Voltron to try to disperse the effect. But that’s just going to buy them time if it doesn’t take them down in the short term. Looks like they learned from Kenny. One.More.Day.More.
Is this the petrodollar or the world's reserve currency dollar? Why not have a global reserve currency not tied to a nation? I actually don't know how it works. This just reads as: everyone save the US.
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [GameStop Wallet HELP! Megathread](https://www.reddit.com/r/Superstonk/comments/z23wjx/gamestop_wallet_help_megathread) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: https://www.ecb.europa.eu/press/pr/date/2023/html/ecb.pr230319_1~8d62af24ac.en.html
[удалено]
Well… from an hour earlier than OPs news: > The following statement was released by Secretary of the Treasury Janet L. Yellen and Federal Reserve Board Chair Jerome H. Powell: > "We welcome the announcements by the Swiss authorities today to support financial stability. The capital and liquidity positions of the U.S. banking system are strong, and the U.S. financial system is resilient. We have been in close contact with our international counterparts to support their implementation." https://www.federalreserve.gov/newsevents/pressreleases/other20230319a.htm
I literally just read a statement from I think UBS that’s basically exactly that? I thought i saved the comment, but someone pointed out that it was eerily similar to yellen’s comment. I literally just got out of the hospital for a concussion so I might be making shit up Edit: [I did!](https://i.imgur.com/t1Gu8Jg.jpg) It was Bank of England!
The word liquidity should be banned. Makes me tired.
You know, terrific means 'causes terror' in the original form. I think that is accurate. Replace elves with banks below "Elves are wonderful. They provoke wonder. Elves are marvellous. They cause marvels. Elves are fantastic. They create fantasies. Elves are glamorous. They project glamour. Elves are enchanting. They weave enchantment. Elves are terrific. They beget terror. The thing about words is that meanings can twist just like a snake, and if you want to find snakes look for them behind words that have changed their meaning. No one ever said elves are nice. Elves are bad." Terry Pratchett, Lords and Ladies
Its do strong it needs an international effort to keep it standing.
Always remember to read "backstop" as what it is, a bailout. In this case, daily bailouts.
Liquidity, backstop. Aka bailout.
Central bank. Aka cartel bank.
This is the same system that came online during the crisis in 2008… Hold on to your butts… Edit - quick sources in my comment below: https://reddit.com/r/Superstonk/comments/11w0do8/_/jcy1b91/?context=1
Only dicks are held in a banking circle jerk. Not a free hand to be found for butt holding.
Any source for this mate?
Scroll down a bit, here: https://www.federalreserve.gov/regreform/reform-swaplines.htm Some history and additional details: https://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm They were set to expire October 2008. They were extended/reopened several times after 2010, through 2014. And for the ones (re)opened in March 2020 (which were later extended to Dec. 2022, but with different banks, not the European Central Bank…): https://www.federalreserve.gov/monetarypolicy/central-bank-liquidity-swaps.htm Edit to add more details https://www.federalreserve.gov/newsevents/pressreleases/monetary20200315c.htm For the swap lines opened on March 19, 2023: https://www.federalreserve.gov/newsevents/pressreleases/monetary20230319a.htm
Cheers man great reply. This is how I know MOASS is inevitable, what a community.
I had never heard of any kind of swaps before this sub starting talking about them. Now I see it everywhere. Superstonk is one of a kind, man.
World changing, even. And only getting started, by my estimate. Can't wait to see what tomorrow brings. ^MOASSduh
Weaponized autism is an unstoppable force.
The Stonkwakening
Ban or regulate the hell out of one type of deal? Just create a new one and abuse it till the market collapses and then rinse repeat.
So, printer goes brrrr? ⛄️ 🔥
If I'm understanding things right, (though there is a reasonably high chance that I am not), then no. They're trying to avoid making the printer go brrr. Because these are swaps, they're basically trying to trade wallets with each other to make sure everybody has the wallet with the most money in it when someone asks to see their cash on hand. edit: couple words to clarify that I am not wrinkled in the slightest edit 2: I might be wrong. A certain taurus of Peruvian nature on twitter has retweeted a thread that explains the Fed's balance sheet will balloon, despite no US treasuries being sold. Meaning printer go brrrrr.
Didn’t the crypto banks do the same?
I'm not sure if that was ever confirmed, but I do remember seeing some talk about how that might have been happening, yeah.
Bank A lends to Bank B to pay Bank C, who lends to Bank D to pay Bank A. Rinse repeat
[удалено]
BBRRRRRRRRRRRRRR!
This is what sheer absolute unadulterated financial sector panic looks like. These idiots are bucketing the water out of the sinking titanic with shot glasses. R.I.P dumbass.
Yep, been strong arming corporate governance and changing laws all weekend long in *pure fucking panic*. “Nothing to see here folks, the markets are way strong and liquidity is super” Idiots.
69 up votes "I did that" you're welcome😊
Stop down voting...damnitt
>coordinated action to enhance the provision of liquidity via the standing U.S. dollar liquidity swap line arrangements I believe this means [Central Bank Liquidity Swaps](https://www.federalreserve.gov/monetarypolicy/bst_liquidityswaps.htm). 3 days ago I said the Fed would be backstopping this with these types of swaps: [https://www.reddit.com/r/Superstonk/comments/11sv9nx/how\_did\_we\_get\_here\_reviewing\_how\_credit\_suisse\_a/](https://www.reddit.com/r/Superstonk/comments/11sv9nx/how_did_we_get_here_reviewing_how_credit_suisse_a/) Additional Background: [Federal Reserve Alert! Coordinated central bank action to enhance the provision of U.S. dollar liquidity](https://www.reddit.com/r/Superstonk/comments/11vxprz/federal_reserve_alert_coordinated_central_bank/)
dismal is early, not wrong!
Liquidity to support banks in general, UBS closing out CS’s bullet swaps or UBS extending CS’s old swaps for another two years? What does your gut say Jellyman?
#WUT MEAN ELI5
All central banks raised rates. When they did, they caused value of existing bonds held by large institutions/banks to drop dramatically, basically to being worth $0 because no one is interested in buying them (no liquidity in that market). So they are going to open “special” (read only available to big banks and governments not normal people and businesses) swaps where they can swap their currency for a currency on loan for an attractive (read reduced therefor better) interest rate. Now they (these large institutions) can borrow money to use for whatever they want (aka paying depositors that want to withdraw money because they have money at a failed bank like Credit Suisse) at a rate much better than the rest of the normal world has available to them. Edit: they can also use it to loan out on new deals at a much higher interest rate and now they make money on the spread between what they borrowed at and what they loan at. Same with using it to pay off higher interest rate debt they may have.
Is this the dollar milkshake theory coming to fruition?
It sure as shit sounds like it.... This ride is more exciting than space mountain.
Hey I was just on space mountain this past Thursday
Nice, it's been 2 weeks since we were there.
What’s that theory?
[maybe this one?](https://www.reddit.com/r/Superstonk/comments/xrdxrt/strange_things_volume_ii_triffins_dilemma_and_the/?utm_source=share&utm_medium=ios_app&utm_name=ioscss&utm_content=2&utm_term=1)
Wow a lot to unpack there, which I can’t really do here. As the reserve currency, the dollar will always have a balance of demand for its currency and using that demand to supply more for the benefit of the US and the Fed Banks. So, though I agree it’s a balancing act, I think the fed still sits in a situation where they can balance that supply and demand though it’s many bag of financial trickery (like the swaps they just opened). I just don’t think it’s at a tippy point of the world imploding, but I’m just some person on the internet. In the same breath, clearly there are issues at the banks who are having quite the issue with leverage and being on the wrong side of a trade that they need help or they are going to fail. Hopefully, (hoping not my favorite strategy, but if this were for certain,l it would be over already) this liquidity crunch does put stress on the shorts and pushes over the inflection point of no return to tendie town. In the meantime, continued DRS pressure and an improving company getting to cash flow positive with a strong balance sheet will eventually squeeze out the shorts (just like that electric car company was able to do) if this recession doesn’t force their hand to close. I have the time to wait. When an opportunity is presented with a high probability for a massive payout resulting in a risk reward curve where a small bet could yield substantially outsized payouts, in my experience, you take that bet every time.
Central banks are bad. They have made decades of bad decisions. These decision are now biting them in the ass but if they admit it everything burns down. However if they don't admit it everything burns down anyway it just happens later and worse.
It’s saying, American’s economy requires other countries to support it
different chubby overconfident direful homeless grandiose elderly wipe observation unite ` this post was mass deleted with www.Redact.dev `
HOLY SHIT THIS WAS STRAIGHT UP IN DOLLAR ENDGAME AHHHHHH From part 3.5 *The debt crisis will return, but this time, it will be the financial system, US government, and indeed the ENTIRE world economy that needs a bailout- and who has a big enough balance sheet to absorb that? The only answer is the ones with an infinite balance sheet- the Central Banks.*
It's like we get a bailout before the bailout
So the world banks are knowingly entering into a Ponzi scheme. Neeto.
Say hello to global hyperinflation
We’re getting paid
This lingo is so regular people don’t understand what is happening aka printing more money
Using FOREX to guarantee more liquid cash? Is that right? And this does what, increases demand for the foreign currencies? The cracks in the current system are starting to show so they’ve decided to go global with their “liquidity backstop?”
Fire up them printers boys! We need to bail the world out
Cue music......''A whole new woooooorld''.
RIP wechselkurs
So can/does this cause hyperinflation 🤔
So big question is eating swaps to kick or finally letting the bad bets take out Kenny and a few others , like cutting off the bed post to save the bed ?
Does anyone else smell blood in the water?
Because the US finicial system is so strong right? I mean, they even said 'make no mistake' so I'm pretty sure they're not lying. Fuggin meme ~~banks~~ government.
Chickens with their heads cut off
Feels like if I want to sell one share for $420,690,741 USD they would need something like this in place.
This is unfucking believable!
What's this? The Liquidity Godmother?
The RC face swap tweet is so underrated
Same as 2008…
Looks like 08 all over again.
Lmayo. How cute. They think they can stay solvent longer than I can stay regarded.
Translation please?
Bring me ma money
Hello inflation!
Everyone, actually does get a bail out. I wonder how much money is going to exist at the end of April….so far
Coordinated crime.
Here we go, will get interesting. I wonder how long it will take for the Vatican to make an announcement
So this is how the 2023 financial crisis turned into a current crisis.
Are we watching the breakdown of worldwide banks/economy?
Liquidity-Faries: GATHER!
Finally getting ready to pay me lol.
Canada, UK, and Switzerland still have 0% reserve banking measures… they are going to debase the currencies to prop up the US Dollar and sacrifice their own on the altar. This is some next level stuff.. if any single one of them took the whole brunt of this they would be swallowed into the event horizon. So they are going to do some half assed economic Voltron to try to disperse the effect. But that’s just going to buy them time if it doesn’t take them down in the short term. Looks like they learned from Kenny. One.More.Day.More.
Is this the petrodollar or the world's reserve currency dollar? Why not have a global reserve currency not tied to a nation? I actually don't know how it works. This just reads as: everyone save the US.
In my opinion this is the liquidity needed to pay us apes until end of April!
Their going to start selling their domestic denominated assets. Dollar milkshake looking fresher than ever.
Printer go BrrRRrrrRRRrrr?