2.8 • 690 Ratings
🗓️ 25 February 2021
⏱️ 11 minutes
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0:00.0 | Hello, everyone. This is a special report about the GameStop saga that we all thought |
0:06.4 | might have been over, but I've been hinting in my last few reports that maybe, just maybe, |
0:11.6 | it's not over because the short interest actually did not disappear. So there were many |
0:17.8 | people who hedge funds and so forth who were still shorting the GameStop stock, hoping to make it go down. |
0:24.6 | The further it goes down, the more people can cover their shorts. |
0:28.1 | And so, hey, we were all wondering if GameStop was just going to go back down to its former lows. |
0:35.0 | But yesterday, at 2.30 p.m., the stock shot up 100%. And so, you know, what was the cause of that |
0:46.8 | sudden burst? And so some Anans are starting to create a theory because the Federal Reserve had a lot of its services |
0:58.7 | offline at 2.17 p.m. yesterday. So right before GameStop shot up, the several different kinds of services from the Federal Reserve system went offline. |
1:15.2 | And you can see these are all the different services that went offline. |
1:18.3 | Accounts services, you know, Fed Wire, Fed Securities, National Settlements, all of these different |
1:26.0 | services were down. |
1:28.5 | And so now if you go to the Federal Reserve website, all of them are up. |
1:35.4 | But, you know, what happened to give you some more context is that, you know, these companies started halting the selling of GameStop again. |
1:50.4 | So they did this before, when this happened before. |
1:52.9 | And everyone got mad and say, hey, how is this legal? |
1:56.0 | They keep stopping people from having the ability to buy the stock. |
2:00.2 | And yet they did it apparently two more |
2:02.4 | times, as you can see in this article. Another fact that I just want to throw in there is that |
2:08.7 | India's stock market went down, supposedly from two telecom lines that were cut. And so the whole, |
2:17.4 | all of India's stock market was not functional yesterday as well. |
2:21.1 | So that's interesting timing as well. |
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