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I follow that GameStop stock stuff on reddit solely because they have torn into the inner working of the stock market and how much fuckery is going on. Regardless of that one particular stock and how one may feel about it, the actual amount of research and knowledge sharing those guys have done is impressive. Watching all that shit go down and the reading what these people uncovered actually hastened me going full communist and deciding that stocks and the stock market just should not exist. The entire system exists for the sole purpose of stealing money from the working class. It's a rigged casino at its best. These hedge funds and market makers admit they can and do make the price of a stock whatever they feel is appropriate.

Here's another little fun fact YOU as an individual investor CAN own your stock. Not just the "rights" to it via the DTCC bullshit mentioned in the post but actually in your legal name. To do so you have to either buy the stock through the companies transfer agent or directly register a share to the transfer agent from a broker. Basically, to sell shares to the open market a company first generates shares through a transfer agent. Those shares then go to the DTCC and then on to brokers and other entities at buy/sell them. If you buy from the transfer agent they take the money and buy the shares off the DTCC and register them in your name. They are no longer at the DTCC and no longer able to be traded or available to short sellers or any other nefarious entities. Likewise if you "own" shares through a broker you can have them transfered to the transfer agent in a similar manner. In the event shit goes down your shares will remain yours. They are safe.

So one would think this is a good thing right? More direct ownership of the shares of a company is safe. Because while shares are held by brokers and the DTCC they are able to be shorted out without our consent via a number of little tricks and cheats the people that designed this system put in. But when the shares are held with the transfer agent they are safe from this. So it is I a companies best interest for their stock owners to own through their transfer agent. So why do we never hear about this? Why do companies ot advertise this? BECAUSE THE SEC MADE IT ILLEGAL. That's right, if a company were to tell it's investors "hey did you know you can register your shares directly in your name through our transfer agent [blah]" that company would get the hammer brought down on them by the SEC for " market manipulation." That's right folks, per the SEC it's market manipulation to not let the DTCC and it's cronies have complete control over your stocks.

The system is more fucked than you can possibly imagine. Check out the movie The Big Short. It is really very good at going through some of the fucked shit in the stock market. One of the guys that made a ton of money out of figuring out the system went on to only trade in basically previous metals and real estate because of how fake the market is. This is also why so ma y big banks and other agencies are buying up as much land as possible. They know when the rest of the market is literally built on fake stocks.