URGENT! ๐ฅ FORCED LIQUIDATIONS ARE COMING - DEBT CEILING NOT RAISED ๐ฅ AMC Stock Short Squeeze Update
2,121On Friday it was announced that the US Debt Ceiling has not been raised, meaning that the treasury department will have to implement special measures to ensure that the US does not default on its debt, this could cause forced liquidations and the AMC squeeze.
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Links;
https://www.govtrack.us/congress/bills/117/hr4618
https://financialservices.house.gov/news/documentsingle.aspx?DocumentID=408262
https://www.reuters.com/article/us-usa-treasury-yellen-idINKCN2DZ2ET
https://www.reddit.com/r/Superstonk/comments/oupr4y/rrp_companion_piece_treasury_to_start_special/
The current US debt ceiling is around $22tn, current US debt is around $28tn, the debt ceiling suspension came to an end on 31 July and was not extended, meaning the US treasury department will have to implement special measures to avoid a default.
This could cause a recession worse than the Lehman Brothers collapse which could trigger the AMC stock short squeeze.
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