WallStreetBets is back once again to prop up the price of GME.
Gamestop and other stocks such as AMC shot through the roof today. Why? Because the Fedwire, the system used by the FED to transfer funds between banks, stopped working, yes thats right, it STOPPED WORKING, practically at 2:30 EST 24th of February 2021. Not even 20 minutes later many stocks went skyrocketing to the moon.
An Anon posted on 8chan:
What if a AI algorithm controlling a short ladder market scheme was running on the same computer cluster that happened to be tied to managing a banking payment system? What if said banking payment system went offline? What if said AI algorithm had been tamping a stock down for weeks. What does control theory tell you would happen if you removed a downward pressure in a feedback loop? Think banking. Think stocks.
This did not only affect the GME, AMC stocks but the whole system.
This algorithm was being used by the Fed Automatic Clearing House, known as FedACH to keep the stocks shorted. Anons keep digging new information as the story with GME keeps getting more interesting as the days pass. For anyone who thinks they can dismiss this as just a simple "glitch" in the system, I recomend you get a good seat and some popcorn, because the show has just started and this only ends with the FED being absolutely destroyed and We the people reaching a new level of freedom. Keep your eyes peeled and I hope you stay safe during this troubling times.