Welcome back to the channel everyone today i want to talk about the 50 trillion dollar lawsuit against the sec, so stay tuned and let's make some money, and now i want to dive straight in with the key information so hang loose, tweeted this thread exposing the sec To a 50 trillion dollar lawsuit, this lawsuit contains obviously the sec all of the major banks and brokers and market makers over malicious, naked short selling activity and the creation of synthetic shares over 200 companies and their investors were asked to join the fight back in 2004.. This lawsuit was then renewed back in 2012 after the occupy wall street movement. I think the majority of the problem with this lawsuit back in 2004 and 2012 is that back then there wasn't enough publicity. There wasn't enough public eyes on this massive massive problem that doesn't just affect one or two over-the-counter companies.

Instead, it impacts massive amounts of companies traded not only on the otc markets, but also on the new york stock exchange and the nasdaq as well. Even back in 2004, there was up to 200 companies falling foul of naked shorting. Now in 2021 2022. I bet that number's closer to 2000, if not more and hangloo, said apes.

We need your help to find out how to get the government and the institute silenced. So this lawsuit says the american bank activities reform. Commission has launched a contact campaign to unite domestic efforts of small cap companies and their stockholders ahead of a planned 5 trillion class action lawsuit against the us sec, which will charge the commission with negligence and enforcing the truth in securities laws of the united states. Now, obviously, back in 2004, this was only a 5 trillion problem or a 5 trillion class action lawsuit.

But if i scroll slightly higher up this part of the extract actually comes from 2012, which states the ibarc has announced that the sec lawsuit has been increased to 50 trillion dollars. In light of the recent impending collapse of bank of america, if naked shorting was a five trillion dollar problem back in 2004 and a 50 trillion dollar problem back in 2012, it wouldn't surprise me if naked shorting is now a 500 trillion dollar problem. Now, you may say: hang on tom, isn't the total market capitalization of the entire u.s stock market only around 53 trillion dollars? If that's the case, how can naked shorting be a 500 trillion dollar problem? Don't forget the total market. Capitalization is a value screenshot.

In one point of time, it obviously doesn't include the value of all trades that are placed every single second of every single day. If we head on over to the cboe website and look at the us equities market volume summary, we can see that on a daily basis, around 388 billion dollars worth of stock is traded every single day. That means in just one single year, around 146 trillion dollars worth of u.s stocks are traded on a yearly basis. Obviously naked shorting isn't something that's just been around for one single day or one single year.

It's been around pretty much since the inception of the u.s stock market and therefore it wouldn't surprise me if, over the last 10 years, naked shorting has gone from being a 50 trillion dollar problem to potentially even a 500 trillion dollar problem and guys, if you're, getting A little bit worried, holding your amc infidelity due to all the recent glitches and the fact that fidelity actually supports short sellers, boomer currently buying you and giving you a free share of amc on top of their usual five free shares. Just for signing up with moomoo. Using the link in the description below and making your first deposit, if you sign up with moomoo and make your first deposit, you get two free shares, valued up to three thousand five hundred dollars each. If you can deposit a hundred dollars, then you also get a free share of amc bought specifically for you and guys.

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Moomoo also publishes daily short selling volume on top of a number of other key indicators, so guys, if you haven't already be sure, to sign up to moomoo, using the link in the description below to get up to seventeen thousand five hundred dollars in free stocks. And a free share of amc, the lawsuit goes on to say to that end. Abrc is asking stockholders and the management of companies victimized by naked shorting, to join in the planned suit, as lead plantiffs through an action which plans to not only name the sec as an agency of the us government as the key defendant in the case. But also past and present attorneys who have worked for or represented the sec, and it says all told more than 4 000 sec registered attorneys may be called upon to tell the truth, the whole truth and nothing but the truth.

In the case, it says, unlike the sec and nasd, which has electronically penned almost insignificant small fines, but which, in general, has left most of those involved in the practice alone. The london stock exchange has simply ordered market makers involved in the scandal to give investors who did not receive shares their money back. Abrc claims more than a hundred billion dollars has been lost in equity due to the sec's negligence in enforcing the truth in securities laws, particularly as it relates to naked shorting back in that 2004 lawsuit abrc named many large brokers and banks like e-trade charles schwab, city Group bank of america, deutsche the dtcc and many many others. It also named all of those 200 companies that had fallen foul to naked shorting.

This 2012 article then followed it up saying the ibarc has announced that the sec lawsuit has been increased to 50 trillion dollars. In light of the recent impending collapse of bank of america, hang low said this movement has made a second attempt to materialize in 2012 with renewed support from occupy wall street, and he said right now in 2021 2022, maybe our best and last shot to get this Right as we have them on the ropes, obviously right now, there's so much publicity around market manipulation and the sec is, this time simply having to address it. The problem has now got too big for the sec to just leave it alone and brush it under the carpet and pretend that it never happened. Hang lucid, get loud and understand that the sec is our enemy.

They don't want real change and therefore we have to force it unusual. Wales is a page on twitter that i visit time and time again for their key information, but unusual wales is also one of the most prolific voices in this movement regularly discussed on massively public channels. Like joe rogan, the more publicity we can bring to market manipulation and the unfair u.s stock exchange the better when it becomes a household topic, only then will the sec simply not have a chance, but to address it and correct it. Hang loose also gave a perfect example: that's been naked shorted over the years.

He said this is what a helpless company looks like being attacked by naked short sellers. This stock here is sacklink. They are one of several hundred companies. Ibrc sought to join as a defendant.

In their lawsuit against the sec - and he said, look how perfectly algoed or algorithmed that downward slope is into bankruptcy. Saflink at one point, hit highs of around seven dollars per share, but then had this almost perfect exponential decay to lows of zero point: zero. Two one dollars per share saffron. Obviously, then at some point in 2008 or 2009 went bankrupt as they simply couldn't raise any money from investors due to their minuscule stock price.

Hang loose said that company was worth a billion dollars and the wall street crooks sucked up. All of that money creating synthetics and got to keep every single penny those wall street crooks never had to buy back shares after shorting it because they drove the business into bankruptcy, and on top of that, not only did these crooks never have to cover their synthetic Short position, but they also never had to pay tax on those unrealized profits, because those crooks never actually closed their short positions. They never actually recognized all of those cash gains and therefore never actually paid any tax. You may say tom: how is that really helpful for these crooks, leaving those positions open with massive amounts of unrealised profits if they can't use that cash for future trades or withdraw it from the business? But you forget: there's other banks on wall street that will lend these hedge funds in these crooks based off their unrealized profits, because they can use those unrealized gains as collateral or as security, and therefore these crooks can get cash based on those profits.

They never pay. Tax on those unrealized profits and also never pay tax on the cash they receive, because it's cast as a loan. I've spoken about zombie stocks like this on the channel many times before, and i think that crooks were trying to do exactly the same thing to amc before the apes stepped in to prevent them. I think if these crooks naked, shorting amc, potentially like melvin capital and citadel continued to get away with that naked shorting, they would have driven amc down past two dollars to a fully fledged zombie stock.

And now not only can these crooks not withdraw money on their unrealized profits, because their significant unrealized losses they're also at some point going to be forced to close their position because they cannot maintain that lost position. Obviously, if they're sitting on a massive position of unrealized gains, paying a small maintenance fee every year to roll those synthetic shorts isn't much of a problem. But if they're set on massive amounts of unrealised losses, then paying that maintenance fee with crackdowns coming and liquidations coming their way as well. They will at some point be forced to cover, speaking of which, due to the significantly higher exchange, reported short interest than expected.

The amc and gamestop utilization has jumped to a hundred percent. The last time we saw amc utilization jump and hold at 100 was back in may just before the big june run up. You may also remember in my video yesterday i spoke about gamestop and amc's utilization and with gamestop the last time that was 100 utilized was back in december january, just before the gamestop january sneeze. I think we'll have to see what happens over the next few days and next few weeks whether amc's utilization continues to hold at 100 for a matter of a week or two or whether we have a quick jump to 100 utilized and then straight back down again.

I think if amc's utilization maintains 100 utilized, i don't think it will be long before we see another amc run. Vortex also noted that the cost to borrow is increasing rapidly, especially in gamestop. Obviously, this means that amc and gamestop shares are becoming harder to borrow to then short, because obviously those shares are already 100 utilized and 100 fully shorted guys be sure to. Let me know down in the comments below what you think about the 50 trillion dollar sec.

Lawsuit, i personally think this lawsuit should be revived once again due to the massive amounts of publicity on market manipulation and, as always guys, if you enjoyed this video, be sure to check out some of my others. Alternatively, subscribe the channel and bring the notification bell, because that way you'll be alerted. When i upload a new video cheers.