Gamestop and a few other companies are forming a partnership that i think will cause cause squeeze. Today i want to talk about who these other companies actually are and exactly it's going to cause the squeeze. So stay tuned. And let's make some money and now i'm going to dive straight.

In with the key information. So jimmy d tweeted. Saying that ryan cohen has responded to a tweet from blockbuster saying that reports of your death are greatly exaggerated. They've said blockbuster is not dead as the final store actually still stands in bend oregon.

They said in august 2021 gamestop board and audit committee chairman jim grubb tweeted a photo in bend oregon. This tweet from blockbuster was actually replying to a tweet originally from ryan cohen. As well. Ryan cohen.

Then replied saying reports of your death have been greatly exaggerated you can see the final last. Remaining retail store for blockbuster in bend oregon. And obviously recently jim grubb was in bend oregon. As well they may say tom.

That's a bit of a coincidence is there anything else that proves that block buster will be in a partnership with gamestop and how exactly does amc and other companies tie into this as well rocket astronaut tweeted. Asking if blockbuster is going to be the first ticker to be listed on the gamestop nft blockchain stock market now. I think there's two different things to break down here firstly we have a blockbuster t shirt being sold on the gamestop website which further insinuates a partnership between blockbuster and between gamestop. We know that blockbuster was also a company once hammered by short selling blockbuster are now staging their return.

And maybe. Partnering with gamestop with amc and with some other companies as well to once and for all destroy these short sellers. But you also have gamestop potentially creating their own blockchain stock market similar to t0 that could list other companies like blockbuster on their market. Now.

This is something that was suggested maybe six months to a year ago. That could potentially be another catalyst for the short squeeze. But in terms of that blockbuster gamestop partnership blockbustro just filed a new uspto filing. Which is a trademark application so blockbuster have just filed a new trademark application for a number of different things.

Number one they fold for new non fungible tokens or the creation of nfts they filed for downloadable virtual goods namely computer programs featuring avatars clothing pets vehicles weapons tools toys emotes and gestures for use in online worlds and virtual environments. So it seems like blockbuster may potentially be creating their own metaverse or their own online world. Where they can sell different virtual goods. But they've also filed for downloadable motion.

Picture films. Featuring entertainment action adventure dramatic comedic children's and documentary themes and musical performances. Now. I wonder what kind of partnership blockbuster are going to have to form for these motion picture films.

Well i just so happen to know of a movie theater chain by the name of amc entertainment. So it seems like blockbuster are planning to create nfts likely to be sold on the gamestop nft marketplace. They're potentially creating their own metaverse or online world and they're also going to be showing motion picture films potentially in partnership with amc so therefore we now have a partnership featuring blockbuster gamestop and amc. But what other companies are going to be involved we've also got this article from cnn business.

That says toys r us is coming back and soon it'll be all my most everywhere so they start by saying the once left for dead toys r us is making a major comeback. The toy store brand will be just about everywhere for the holidays. Now you may also remember that. Ryan cohen recently tweeted.

Saying that left for dead retailer. Just launched. Something new now obviously. In this instance.

Ryan cohen was referring to gamestop as the left 4 dead retailer. But it seems like toys r us. Is also referenced as the once left for dead retailer and again toys r us has also filed an application for downloadable multimedia files containing artwork related to pop culture and toys authenticated by non fungible tokens aka nfts and these downloadable multimedia files are going to contain artwork text audio and video relating to pop culture and toys authenticated by those nfts so again it seems like toys r us is going to be creating nfts and artwork and also audio and video files potentially in partnership with gamestop amc and blockbuster. As well this is effectively a giant mashup of companies that have been destroyed or were almost destroyed by short sellers.

All ganging up together to create one giant business venture. I've previously spoken about the partnership and potential acquisition of amc by paramount or by disney or by netflix or by amazon. But it could actually be much much bigger than that there could be one giant partnership or one giant acquisition that merges all of these companies into one singular powerhouse and guys. If you haven't already be sure to sign up to moomoo right now using the link in the description.

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Flow or sell your odd flow their full moon was brilliant for buying those amc shares if these companies. All merged or one company acquired all of these individual companies. The short sellers would have to close out of their short positions on every single stock before shorting the newly created stock obviously if gamestop amc and these other stocks that are technically still around being toys. R us and blockbuster dissolve their companies and dissolve the shares the short sellers have to close out before the shares are dissolved don't forget even though toys r us and blockbuster have gone bankrupt their shares still trade on the over the counter market therefore there's still hundreds of millions if not billions of synthetic shares in existence not just for amc not just for gamestop but also for blockbuster and toys r us as well if these billions of synthetic shares in all four companies all had to close all at the same time that would definitely cause the short squeeze forcing the shorts.

Just to close their amc short positions isn't enough for adam. Aaron and ryan cohen. No they want the shorts to forcibly close out of their short positions on all four of these individual companies because don't forget. It's also very likely to be the exact same hedge funds that are predatorily shorting not just amc not just gamestop.

But also toys r us and blockbuster as well therefore. It's likely going to be the exact same funds that have to close all of their short positions in all of these companies. All at the exact same time. I also wanted to quickly touch on elon musk's tweet about the wall street journal.

He tweeted. Seeing the wsj has run so many rubbish hit pieces on him and tesla that he's lost count. He said. It's embarrassing for them frankly.

He said. They once wrote an article saying the fbi was about to arrest me so he called the fbi to ask what's up and they said the wsj article was total rubbish. He said. The wsj or the wall street journal is just more short set of fun.

This is again elon musk pushing back on those short sellers and pushing back on the mainstream media for their rubbish and for their lies. I personally would also love to see elon musk. Jumping in on its partnership as well with a amc gamestop blockbuster and toys r us. But maybe that is a bit of a push.

I also think the week ahead is going to be very very interesting for the wider market tmi tweeted. Saying as a reminder for the week. Daily earnings are going to be released for big tech companies throughout this week. He also reminded us of the fomc meetings on tuesday.

And wednesday where they will announce the next interest rate hike likely to be 75 basis points or even 100 basis points. We're also going to see the gdp data also coming out on wednesday or thursday. Which is likely to report or a session with a second straight quarter of negative gdp growth and he also wanted to remind you that obviously again the sec isn't here to help us because the sec is complicit with these crimes altcoin psycho tweakers. Saying.

The fed is giving obvious clues that thursday's gdp report will be bad and to brace for a volatile week. He said obviously the widely accepted definition of a recession is two consecutive quarters or or two straight quarters of negative gdp growth or gdp contraction and he's also said the white house has just changed their technical definition of a recession. Obviously because they know the gdp data will show more negative growth. The white house obviously doesn't want to announce a recession and they know gdp will again be negative.

So they're just going to change the definition of a recession. You may have seen this screenshot or this article from the white house that says. What is a recession. While some maintain two consecutive quarters of falling real gdp constitutes a recession.

That is neither the official definition. Nor. The way economists evaluate the state of the business cycle. Instead both official determinations of recessions and economists assessment of economic activity are based on a holistic look at the data that data includes the labor market consumer and business spending industrial production and incomes now interestingly gdp is determined as the total gross domestic project.

Juice or the gross domestic product of a nation in a specific year now obviously. The things that go into that gross domestic product or that gross domestic produce is things like the labor fees or the labor costs. The actual spending of these consumers and customers versus. Sale prices.

Industrial production is quite literally gdp and incomes as well obviously still play a factor. So they've said the definition of a recession being gdp falling for two straight quarters isn't actually a recession instead. These economists look at gdp. They're effectively just trying to find a way around emitting that on thursday.

The nation will officially be in a recession. And it seems like these major banks know a recession is coming as well because wells fargo's investment arm has just cut their outlook for stocks they now see a longer us recession ahead it's not just wells fargo because goldman sachs is also looking at reinstating year end job cuts as their economic outlook. Dim as well on top of this apple has just announced a rare iphone discount for chinese buyers. Go.

Gavin said. That apple seems to be panicking and doing everything they can to boost sales apple reports their earnings this week on thursday again clearly apple has some bad earnings to announce as well therefore they're offering a last second four day discount to these chinese buyers to try and help boost revenue and potentially boost profits a little more now on top of that jeff wi is suggesting the us recession has barely even started he tweets seeing the declines in. Us brokerage. Account margin has changed and has varied over time back in thecom.

Crash we saw a 55 decline in us. Brokerage account margin back in 2008 a 52 decline as well very very close. But right now there's only been a 27 decline therefore. He says that he worries that sentiment is not yet washed out because we haven't yet seeing these massive declines in us.

Brokerage account margins. We've so far only seen a 27 decline which is not nearly as big as the 55 and 52 declines seen historically therefore brokerage. Account margins haven't yet fallen enough indicating the recession is over or indicating. The bear market is over in fact.

It's barely still beginning. He's suggesting that stocks are likely to crash another 20 maybe even 30 percent before we see this final hail mary crash and final hail. Mary capitulation. But guys be sure to let me know what you think down in the comments.

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