Today I Want to talk about how even more short sellers have been losing not just billions of dollars, but hundreds of billions and how as a result, the largest pension fund in the United States is in big trouble. So stay tuned and let's make some money and now arrive straight in with the key information. So first, let's talk about how even more short sellers have been losing billions and blowing investors cash. Chris Tweeted saying B Riley has been blowing investors money He said, how do you post a net loss of over $75 million when you've got record revenues He said that tells me either your costs are rising or you have some massive realized losses, saying either the cost of spoofing AMC and other stocks every day or they've just recognize some of their giant giant losers.

So you can see from B Riley's financials, they recorded record total revenues of$ 462 million in quarter 3 up 48% year-over-year but a net loss of $ 75.8 million. So they made 462 million and lost over $500 million in one quarter. and that was primarily driven by unrealized investment losses related to changes in Mark to Market valuations on equities portfolios AK Basically saying they've got massive unrealized losses on their stock Investments or their stock short positions now I Could only Hazard a guess and wonder which kind of stocks are causing these massive, massive, unrealized losses for B Riley Financial So as a result of these short sellers in these hedge funds making record revenues, but making even larger losses, the largest pension fund in the United States is in big trouble. So Go! Telegraph tweeted saying breaking news: The United States second largest pension fund may borrow more than $30 billion cash to help it maintain liquidity without having to sell assets at fire sale prices.

So this basically means the US's second largest pension fund currently cannot meet its margin requirements. And to do so instead of selling tons and tons of assets at rock bottom prices, they're going to borrow even more cash. Now again, that sounds pretty risky to me borrowing even more money to bury themsel even deeper into the hole. Especially as they don't just have to borrow a few million dollars or one or2 billion.

they have to borrow $30 billion. That means they're currently failing margin requirements by $30 billion. and instead of selling off those assets to meet those margin requirements, they're just going to borrow even more money and take on even more debt. Now you might say, hang on Tom Where's the source for that? Is that Some trust me bro information or is there an actual article Or an actual source to support that? Well, this Bloomberg article is saying Cers seeks to borrow more than $30 billion to manage cash and as a result is borrowing against 10% of its entire portfolio Under this new policy, which just adds to the growing trend of Pensions adopting riskier investment strategies.

So Cowers stands for the California State Teachers Retirement System, the country's second largest pension fund who is going to have to borrow 30 billion cash to meet margin requirements. And that's because many of these hedge funds that obviously invest the money on behalf of these Pension funds have been taking on significant significant losses. and therefore as so these: Retirement Systems These Pension funds, like the California State Teachers Retirement System, have been losing billions and therefore having to borrow even more money to make sure they can still meet margin requirements to ensure their entire portfolios aren't liquidated. Hedge funds Losing their own money is one thing.

Hedge funds losing the money of wealthy billionaires is another thing, but hedge funds losing the money of innocent retirees is, in my view, just criminal. The individual teachers in this retirement system don't get to choose where their money is invested, they don't get to choose which hedge fund it goes to, and they don't get to choose which stock is invested into. And yet their money is being stolen and lost by these hedge funds. I Can also safely say today was the best day we've ever had in the millionaire mindset.

Trading Group s Thep took out $133,000 today in just one trade, Arif also made $250 on SP Holden had 65% gains on a spy call option and B also doubled his money making over $200 on an AMD call option too. On top of that, tons and tons and tons of people in the group today capitalized and locked in profits again just today alone. and what's most important? these aren't just lucky trades that happen once a month. You see these screenshots every single day of people in the group making tons of money.

And it's also the same names popping up up every single day. making money day in day out, every single day. So you guys need to join the millionaire mindset. Trading Group Linked In The description below to get daily profits like s to the P makes making $133,000 a day, you may say.

Well, Tom Surely these shorts aren't down on AMC But just look at the proof that's in the pudding. These hedge funds all around the US are taking on massive, massive losses due to unrealized investment losses related to changes in marketto Market valuations on their stocks. And what's really worrying is this tweet from Susan trimbath. she tweeted saying in total, as at 30th of September 2023, the Dtcc reported 0.077 trillion in the guarantee clearing fund to cover $2.3 trillion guaranteed open positions.

So basically the Dtcc is operating with about 3% cash, cash, collateral, or 3% margin. This just shows how poorly capitalized the Dtcc specifically is, and if one member of the Dtcc goes down, everyone will be affected. There is money to pay for the squeeze and that squeeze will indeed be paid for. It would just be an absolute mess amongst the banks because the Dtcc is holding such little actual cash in person to cover those open positions.

That's why Kristen tweeted saying counter Shares are flooding our financial system and now Regulators have a huge mess. She said there is no transparency, they have no idea how big the fraud really is Susan Trimbath posted a statement on Twitter saying there is $12 billion protecting 250 billion in I saying this is going to end poorly, saying if the stocks all go up by that 250 billion, it could be 500 billion or a trillion dollar on just 12 billion ion doll in actual cash support. This is why even The Regulators are trying to take the side of these hedge funds because if and when something blows up, it could potentially destroy the entire system or be at least a massive massive headache for The Regulators for the Dtcc and for the banks to resolve. And that's why many prime Brokers or market makers try and avoid the responsibility from creating synthetic shares.

So from Apex Clearings financial statements the they've stated they have no responsibility for auditing or determining stock counterfeiting. It says here: Apex Clearing maintains the books and Records required by law and business practice, the fully disclosed clearing agreement does not Encompass transactions in Investments other than marketable Securities But regardless of whether our account has been introduced by a broker dealer or registered investment advisor Apex Clearing does not control audit or otherwise supervis the activities of your firm or its employees saying Apex does not even verify information provided by your firm regarding your account or your transactions processed for your account. saying Apex does not undertake responsibilities for reviewing the appropriateness of transactions entered by your firm on your behalf. Basically Apex Clearing is trying to absolve themselves of any creation of any synthetic shares.

You'll remember. There was that lawsuit that came out fairly recently saying that broker dealers are likely to be held accountable for their customers actions. and this is Apex Clearing trying to abstain or absolve from that responsibility. So basically, when they get caught in the future, they can say we had no idea how many synthetics were being created.

That wasn't our problem or our responsibility. It seems these institutions hedge funds, market makers shorts Prime Brokers Broker dealers and whoever else is involved even The Regulators just seem to be trying to p pass the blame between each other, never taking responsibility. I Think that really is why it's taken so long for something to be done about synthetic shorting or why nothing has been done so far about those synthetics because everyone absolves themsel from the responsibility. even The Regulators The Regulators are saying: look, we're self-regulatory organizations.

it's their responsibility to do the right thing. And then you've got these broker dealers, market makers, hedge funds, and everyone else saying we don't even view the data, We just submit the data as requested. Nobody takes responsibility and that's why nothing is done about those synthetics. And on a slight side note or a slight tangent, 741, Trey has just found the first bank to pay a fine in 2024.

You guessed it, it's UBS Ever since UBS took over credit s or effectively forced to take over credit Swe, they've had nothing but problems. They've been dealing with credit S's Malesian and their malpractice and their giant, risky derivatives. Time Bomb They're being fined left, right and center and it really wouldn't surprise me at this point if UBS is the next to collapse now. Interestingly, PK Lance Also tweeted about the new upcoming Iconic Music event coming to AMC Theaters on the 21st of March 2024.

You may have seen this screenshot or this new film release from an Untitled Iconic Music event 21st of March 2024. So it seems like yet another massively revenue and profit generative concert is in the works for AMC. And speaking of which, Adam Aon has confirmed that Taylor Swift has generated a whopping $261 million globally at the box office. Obviously, AMC is going to receive a massive portion of that Revenue obviously holding the rights to over 40% of the income.

On top of that, AMC will also be raking in tons and tons of money on cons session sales as well. For those Theater showings saying now at $61.61 everever released film Taylor Swift The Erors Tour just became the highest grossing concert film and highest grossing documentary film of all time as I've touched on in previous videos. more and more revenues will lead to more and more profits which will lead to more and more cash flow which will lead to a new all-time high in the AMC stock price. Nice! But guys, be sure to let me know what you think down in the comments below.

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