edit: thank u guys sm i didn’t expect this many responses. honestly made my week. i appreciate it more than u guys could ever know <3.
TL;DR: Too much is going on right now in the financial world for it all NOT to be connected. And if Michael Bury and other financial experts are right, then the United States and other countries across the globe will soon be in a dire economic situation akin to the Great Depression. Where there is smoke, there is fire.
This truly isn't "original DD" as it is an easy source to find all the information relevant to a pretty common conclusion many of this sub are making;
The United States Economy is about to fail.
I will do my best on this post to list all the information in chronological order.
1.) The United States Government is responsible for reporting total liquidity in the markets, saving deposits, and large deposits in banks. These are known as M1, M2, and M3. However, they are no longer reporting 2 of the 3 sectors of liquidity in the markets.
Just before the 2008 Financial Crisis, they have since stopped reporting M3 (large bank positions).
M3 (Discontinued as of March 13, 2006)
And as of February 2021, they have stopped reporting M1 (total liquidity in the economy).
M1 (Discontinued as of February 1, 2021)
In other words, trillions of dollars in the market are currently unaccounted for; especially the 40% of total US Liquidity that has been pumped into the economy as of May 2020.
2.) Michael Burry, the man who saw the Housing Market Collapse happening three years before it did, warned on Twitter again of how the current US Economy is "balancing on a knife's edge".
Link of Tweet from Michael Burry (now deleted)
Final Tweet before account was deleted
Now, Michael Burry's Twitter account has been deleted and has continued to remain silent after the SEC visited his home.
[From March 18, 2021](https://preview.redd.it/kgi2pciaqju61.png?width=2814&format=png&auto=webp&s=3ad5b6920e4100c01d4a0bc03b356192
... keep reading on reddit ➡
A little background, I work on a building site. We're renovating a building on a university to be ready for the students in September, so we're on a pretty tight schedule. Dispite this, we've been making good time. I work on the electrical team with 6 engineers including me and the supervisor.
We had just finished installing some lights so me and two others headed off to the smoke shelter while the supervisor sets up the next job.
There's no general policy when it comes to smoke breaks. As long as you're getting your work done in a reasonable amount of time, you're pretty much free to do whatever as long as you don't take the piss. This helps to keep work moral high. We generally take about 5 minutes.
As we're stood there talking, the site managers walks past us. He didn't say anything but we could feel him staring daggers into us. We just smiled and continue talking. After we finish, we walk back on site and get our next task. The day continues as normal.
The next day, we're informed by the supervisor that we will only be allowed to take one smoke break per day, and we would need to let him know before we took it. We protested, but supervisor told us it was out of his hands. While we only took around 3/4 smoke breaks, there was a noticeable drop in morale for the day. Little did they know I was planning my revenge.
A few years prior, I took a trip to Cuba and brought back some cigars. I slipped three into my bag before I set off to work the next day. We finish off a task and let the supervisor were taking our smoke break for the day. I headed straight for the break room to grab my cigars and meet my co-workers at the shelter.
Barely able to contain my smile, I ask "Hey, wanna try a cigar?" Their faces light up as they realise my malicious compliance. They told us we could only have one smoke break. They didn't say how long.
About 15 minuets in and our cigars half way finished, the site manager spots us and comes over to ask what the heck we thought we were doing. We just told him we were taking our smoke break and we just wanted to make the most of it. He let out a loud laugh and we continued talking for a while.
He let us know that people higher up in the company weren't happy with the progression even though we were ahead of schedule. We told him how we usually take smoke breaks between tasks and how this wouldn't affect our productivity, and he gave us permission to take smoke breaks whenever we want since we seem like good people. Just do
... keep reading on reddit ➡No wonder our apes overseas couldn't buy any more GME. Holy. Smokes.
https://preview.redd.it/8nf92cv7xcx61.png?width=2071&format=png&auto=webp&s=ab29ad2195aef2d2e6401ba541ba72ac91a8eee6
Imagine if a bunch of OTM Call options suddenly went ITM with this low liquidity.
Chicago: Houston, we have a problem.
Edit 1: Wow. 1.7 million adjusted volume.
What the fuck is going on???
