Let's just assume that there are 100 shares of GameStop (worldwide) and go from there. Let's assume that the price per share/stock before all of this was $100 (in a "good" economy, etc.). How would this all work?
A nice timeline, step by step, line by line would be nice. For ex:
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Stock is selling at $100 per share (100 shares total). June 20XX
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Economy starts tanking, stock now at $95 per share. August 20XX
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People start predicting that it will go down further, thus they start "betting" (insert definitions that are accessible and not jargony), etc.
^ something like that would be nice. Thanks!
Its actually not i dont think, but it happens anyway
Although it is very similar to how banks create money if you didn't know about that. inflation doesnt come from the mint printing money, it comes from the fed setting the interest rate and minimum reserve ratio. there are some good videos on this but theyre probably all from ghouls.
https://youtu.be/JG5c8nhR3LE
Yeah I'm somewhat familiar with fractional reserve banking and how banks pretty much just create money "out of thin air."