2020.06.10 23:33 Another_Question4u ForSaleByOwnerFSBO
2009.10.16 23:27 cbcafiero For Sale By Owner Real Estate for FSBO buyers and sellers buying and selling without an agent
2010.12.19 11:20 waldoxwaldox Toronto GTA Real Estate News & Trends
2023.03.21 21:36 EpilepticPudding Already own 1 and 2, is there really no way to avoid paying for them again?
2023.03.21 21:35 Big-Statistician4024 Comex update 3/21/2023
![]() | Yesterday we saw a very unusual move out of JPM to shift virtually all of their eligible platinum inventory to registered. submitted by Big-Statistician4024 to wallstreetplatinum [link] [comments] https://preview.redd.it/7w5vhmm9i5pa1.png?width=1535&format=png&auto=webp&s=9221173ba08899b27c4637e06fad94cec7bab72f The Comex eligible inventory is now at a multi-year low as a result of yesterday's move by JPM. https://preview.redd.it/cszk7o7ji5pa1.png?width=1540&format=png&auto=webp&s=4839514ba069f6603d3129a8a439cde54ba678ce The platinum JPM had in reserve is now for sale or is anticipated to be sold. That begs the question- Why would the largest bank in America move +96% of their inventory from eligible to registered? During settlements on the January contract, JPM customer accounts flipped +230% of their eligible inventory. During that same timeframe, there were no inventory adjustments or movements in or out of JPM. Nonetheless, from the January contract we were able to determine that at least 95% of the eligible inventory was "customer" owned due to the clustering of the settlements. It looks like said customers are now prepared to flip (again). This could be a squaring up of those transactions, but being that it is nearly 3 months later- it seems unlikely. So what could be prompting the sale of all this platinum? Could this be a bank such as Signature, Credit Suisse/ UBS, or another regional bank that is looking to liquidate and get cash for last minute bonuses before being the next domino to fall? Another possible scenario is that one of the too big to fail banks (that we are being herded into by the systematic collapse of regional and smaller banks) is liquidating their $30.6M platinum positions to move into fiat, and then also give themselves bonuses. I've given this scenario some thought for a few weeks. Goldman Sachs, Morgan Stanley, or Truist might be storing their platinum in the JPM vault. If I was the CEO of one of the too big to fail banks, that means I have the professional references of having schmoozed with the banking elites in some prior capacity and have been vetted to be part of the "good ole boy" club. If I am 2B2F- does it really matter what I have on my balance sheet or in my vaults? No. I just have to play the game and do what I'm told to do by those that will be giving me the bailout (not to be confused with who will be paying for the bailout). I can run up trillions in naked derivatives and rest assured knowing that I will still be ok after the house of cards collapses. Tier 1 assets are irrelevant and therefore platinum inventory is irrelevant. In fact, I fully believe that the Fed/ Treasury have been allowing/ instructing the banks to short gold and other commodities so as to mask inflation and preserve the US dollar for now. It certainly explains the light hand slaps they get when their scheme is brought to court. By manipulating the prices, they also can allow central banks to stack precious metals at a more favorable price prior to introducing a CBDC that claims to be gold-convertible. Could this be one of the final acts before the collapse- liquidate all physical metals' positions over to the central banks? Their incentive is that in exchange for compliance, they can for now enjoy some fiat bonuses and know that their bailout is a lock. Mind you- this is speculative. I'd like to hear your thoughts on this. Next Thursday we will have the delivery notifications for the April active delivery contact in platinum. We will then see how the record number of Trade at Settlement contracts for April pan out. https://preview.redd.it/9ndbnklbj5pa1.png?width=1135&format=png&auto=webp&s=004565d2d46bb68ecb745d580a3dbf55ab73a0ee The private trades have actually dipped below the average for the previous five other months. https://preview.redd.it/3re6ptfrj5pa1.png?width=1140&format=png&auto=webp&s=e00b4d29dd61688611e79ffa2b4b8f473bd97c4d The paper to physical ratio dropped more from the JPM inventory shift than from the number of contracts which were closed. There were 1,908 contracts rolled to July from April and a total reduction of 2,686 contracts for April. The paper to physical now sits at 716% oversold. https://preview.redd.it/3krqmyfak5pa1.png?width=1547&format=png&auto=webp&s=355772704b9cfda5a9d7c2d3aadd4ecdb7fe3aa7 It's shaping up to be less likely of a similar +100% situation as was the case heading into first notice date for the January contract as April is about 2000 contracts lower than January was at this point in time leading up. https://preview.redd.it/g1covd9rk5pa1.png?width=1540&format=png&auto=webp&s=cc857487e17e0d332e2f3df3c11ca61e38a9ab7d In palladium, there were four additional contracts opened for immediate delivery. In total, all 47 March open contracts were marked for delivery out of the BofA house stack closing the month out. https://preview.redd.it/c8t3sdvuk5pa1.png?width=631&format=png&auto=webp&s=660fb471d7abf93bd13298ceaca00171a0437220 I believe that BofA stores it's palladium in Brink's vault, so considering Brink's level of inventory, this might be a closeout of all their positions. If so, it gives more credence to my point above about the platinum move from within the JPM vault. |
2023.03.21 21:35 mtnbkr1880 Help Needed Stopping Land Swap in S. Utah
2023.03.21 21:35 KilrBe3 Well.. okay.. Sorry for having a life... This is how you DO NOT grow a community..
![]() | submitted by KilrBe3 to HellLetLoose [link] [comments] |
2023.03.21 21:34 therustycarr MMCC meeting today - are they ready for legalization?
2023.03.21 21:33 Fat-Burner1830 Burner account seeking business advice for taking over Dads company
2023.03.21 21:31 Puzzleheaded_Pound31 Isn’t this the girl that Bill did a podcast with a few weeks ago then posted that instagram picture with? Life comes at you fast LMFAOOOOOO 😭😭
![]() | submitted by Puzzleheaded_Pound31 to billsimmons [link] [comments] |
2023.03.21 21:29 slightlyassholic [The Great Erectus and Faun] 404 Universe Not Found Pt. 3
2023.03.21 21:29 spookmew Terrible! A girl went out to buy a lollipop and was attacked by a pitbull (03/19/2023, Argentina)
![]() | Terrible! A girl went out to buy a lollipop and was attacked by a pitbull (03/19/2023, Argentina) submitted by spookmew to BanPitBulls [link] [comments] Yesterday, Sunday morning, a 12-year-old girl went shopping at a store that is only a few houses from her home. At that moment, a pitbull dog who lives three houses from hers attacked her ferociously. According to the victim's mother, she went out to buy two lollipops and some loose potatoes when this dog jumped on her and threw her to the ground. According to what was reported to Con Criterio Salta, her daughter did not even have time to defend herself: “The animal was merciless with her, bit her on all sides, she has very serious injuries. She lost part of her ear and tore part of her leg, in addition to all the bites she received," he added. The 12-year-old girl was urgently transferred to the San Bernardo Hospital, where she was admitted due to the serious injuries caused by the animal. “Since yesterday we have been hospitalized with my daughter, she has very severe injuries,” said the woman, dismayed. The family of the minor pointed out against the owners of the animal that although in the first instance they claimed to accompany the family, no one approached and they even moved the dog to another home for its protection. |
2023.03.21 21:28 angelspiiit Thoughts on Price Increases?
![]() | 3 Day passes went up from $95 to $129 and all other single day passes are up from $65 each to $68 on Friday, $73 on Saturday, and $71 on Sunday. All ticket purchases are subject to a 9% service fee which is 1% lower than last year's. Shipping had gone up by 50 cents ($5.00 last year) and sales tax remains the same. submitted by angelspiiit to AnimeNYC [link] [comments] In addition to this, ANYC has added an upgraded pass for $399 called AnimeNYC+ which includes, "A private lounge, expedited entrance, first access to show floor, ability to reserve one seat in one main stage panel of your choice, early access to purchase select Special Event tickets, a 2023 Anime NYC Pin,and a 2023 Anime NYC Lanyard." Thoughts on all this? |
2023.03.21 21:28 upbstock NKE
2023.03.21 21:27 bigtrunkydarnold Why don’t mobsters who charge protection register as a security company?
2023.03.21 21:27 Gabe__Itch__ About to sell this pc to a friend how much would be a fair price
submitted by Gabe__Itch__ to PcBuild [link] [comments]
2023.03.21 21:26 hiimben005 Looking for a certain beauty shop.
![]() | Hello, I am looking for a certain beauty shop for that is run by all asian staff. It is around or in the torrance area. They have a homemade chinese medicine facial mask that the owner made. They also do manicure, eyelash, eyebrow tattoo, and hair removal. Based on the pics given to me, there is a second floor and used the hyper knife slimming machine. Please help me and let me know anything. Any detail will help. Attached is the pics.Thank you submitted by hiimben005 to torrance [link] [comments] |
2023.03.21 21:26 Nestledrink GTC 23 Megathread - NVIDIA to Bring AI to Every Industry
Title | GTC Session Link |
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Connect with the Experts: Announcing the Jetson Orin Nano devkit for Edge AI – Deep Dive Q&A w/ Jetson Engineers [CWES52132] | Session Link |
Fireside Chat with Ilya Sutskever and Jensen Huang: AI Today and Vision of the Future [S52092] | Session Link |
3D by AI: Using Generative AI and NeRFs for Building Virtual Worlds [S52163] | Session Link |
Change the World With a Career in AI [SE52162] | Session Link |
2023.03.21 21:25 Yunuls JusticiaPorSerdar ''noticias''
2023.03.21 21:25 xLuminus my meme was deleted because it was true? 😂😂😂😂😂 whoops!
![]() | submitted by xLuminus to Superstonk [link] [comments] |
2023.03.21 21:25 BR-EmPowerSolutions Cost Segregation Breakdown
2023.03.21 21:25 AutoModerator [Get] Super Lumen – The LinkedIn Ads Course
![]() | Get the course here: https://www.genkicourses.com/product/super-lumen-the-linkedin-ads-course/ submitted by AutoModerator to GenkiC0urses [link] [comments] https://www.genkicourses.com/product/super-lumen-the-linkedin-ads-course/ https://preview.redd.it/ii3om1oyz2pa1.jpg?width=760&format=pjpg&auto=webp&s=1983d6645e25c5b243da019efa7b93fa8d904c4e The LinkedIn Ads CourseThe ultimate course for business owners and marketing managers of larger organisations to learn how to generate a ton of demand for their businesses using LinkedIn Ads.Why do this courseBy the end of the course, you will know your way around the LinkedIn Ads platform and you will be highly confident to start generating leads consistently for your own business or for other people in a matter of days. We hold nothing back in this course, you will be an absolute pro. 80% of B2B leads come from LinkedInLinkedIn is by far the most valuable source of leads when it comes to B2B – in fact 80% of B2B businesses say they are getting leads from the platform each month. LinkedIn ads are the best way to bring in a torrent of consistent new enquiries about your consulting, coaching or saas services.TimeI have condensed all my knowledge after spending tens-of-thousands on the platform into a few hours of video, showing you the exact systems we use as an agency, so you will save a lot of time. Everything I have learned is neatly organised for you to learn from, step by step, organised in a way which is designed to make you learn fast. You will go from zero to hero quickly.MoneyYou will save a lot of money. We have tested and experimented with pretty much every strategy out there, we have learned a lot on what works and what doesn’t, so skip the learning curve and jump right in at the deep end. You will get access to all our learnings. There are so many different ways you use the platform to drive down the cost per lead significantly, and if you are looking to gain many leads a month, this will add up to a saving of 1000’s of pounds each onth – much more than the course costs.…and now we have taken tens-of-thousands of pounds worth of testing and condensed this knowledge into a course which anyone can start generating new leads for their business within days. We hold nothing back.What will you learn in the courseTried and tested B2B demand generation strategies which you can implement right away and start generating a ton of new leads for your business. Confidence in the ads platform so you know how to target the right people, how to test your ads and drive down your cost per click. How to organise your account like a pro. How to use LinkedIn tracking, the Insight pixel, how to implement it on your website, and how to use it to analyse your audience. Remarketing for ninjas – remarketing is essential to stay top-of-mind, and to keep every prospect that interacts with your business interested in you and your products or services. How to get the lowest cost per click (CPC), cost per lead (CPL) and cost per scheduled phone call. Mastering the follow-up. Learn what the big sales teams do with the leads they generate and how to turn the MQL to a SQL (Marketing Qualified Lead to Sales Qualified Lead) to a paying customer or client. |
2023.03.21 21:25 Alternative_Desk_338 Seller credit overage
2023.03.21 21:24 satan_drinks_maitais Neighbors dog poop on balcony
2023.03.21 21:23 throwawaylurker012 Everything Everywhere All At Once: The Citadel Big 3 and how Citadel’s sphere of influence has its fingers stuck not just in the stock market, but the municipal/bond market and sovereign debt/sovereign debt credit default swaps to dangerous degree
![]() | TL;DR: Citadel doesn't just have a major outsized influence in the US stock market via its market making firm/hedge fund, but also a major indirect influence via Headlands (biggest municipal bond trading firm made of 3 ex-Citadel employees), and direct influence on sovereign debt (can decide when sovereign credit default swaps pay out) with its seat on the CDDC (Credit Derivatives Determinations Committee). submitted by throwawaylurker012 to Superstonk [link] [comments] Hi y’all. Been some while since have been able to post regularly here, so I’m returning alongside my recent post on FHLB with a bit of a “DD". Partial rush job, so all errors are mine and mine alone (obviously) 0. Sphere of InfluenceOver the past 84 years (/s), you lovely apes at Superstonk have been able to fish out many of the finer points of corruption crystallized into pure, unadulterated financial terrorism and financial terrorist-level crime undertaken by Steve Cohen (Point 72), Jeff Yass (Susquehanna), Doug Cifu & Vincent Viola (Virtu), as well as Wolverine Trading, Jane Street, TwoSigma, and more. But, of course, much of it has centered on our Mayo-artist-in-residence and his firm, that of none other but Ken Griffin and Citadel. One of the biggest finds that has come to light has been the complete and utter bullshit of having (1) a hedge fund and (2) owning a market making firm that most DEFINITELY does not use that non-public information to its benefit? I mean, it would be easy for us to check except that we need 5 swipes to even access that level of inner sanctum at Citadel, which–per DLauer’s words–is more than the fucking Pentagon. https://preview.redd.it/4fu0w15el5pa1.png?width=606&format=png&auto=webp&s=1c47c25197fb9f5543fcad01a4dc0e30b48ebeac But despite Ken Griffin’s reach into every aspect of the most influential stock market in the world, that is not his ONLY level of his sphere of influence. For we, dear apes, can step back and revisit this idea that Citadel’s power duo (its market making firm and hedge fund) is more like a single part of a Big 3. 1. Meet the Big 3Citadel’s sphere of influence includes not JUST (1) the stock market business, but directly or indirectly, the (2) U.S. municipal and bond markets, plus (3) the sovereign debt/sovereign debt credit default swap markets. Yes, you heard that right. Citadel not only has some sufficient level of influence to tank your favorite stock–and, in turn–retirement fund, but can also effectively drive your city into the fucking ground, or even your country. I’ve written about each of these at length, and wanted to revisit some pieces in the wake of our recent dick twitchings of the coming financial crash. 2. Meet the Municipal Bond MarketCitadel has an indirect grip tickling the taint of the municipal bond market, believe it or not. I first wrote about the municipal bond market here (“Headlands: How ex-Mayo mercenaries copy pasted Citadel’s model in the muni bond market”): https://www.reddit.com/Superstonk/comments/sy6ubj/headlands_how_exmayo_mercenaries_copy_pasted/. For those unfamiliar with municipal bonds, I’ll reiterate what they are and why many push them as a safe investment in most times (with some caution being thrown intermittently due to the collapse of regional banks like FRC and Silicon Valley Bank): https://preview.redd.it/e8bqxn3wk5pa1.png?width=1326&format=png&auto=webp&s=cc1e3c44bced207ca23105ae48110eb7298441f1 “Municipal bonds (or "munis" for short) help towns/cities raise money for projects like building schools, parks, and fixing highways. Many retail investors--admittedly, on the wealthier side--invest in munis for tax incentives like not paying federal tax on bond returns. In certain cases, certain muni buys also mean no state taxes are paid…Just like what had happened to stocks, the old-school market for buying and selling muni bonds is going electronic. This is mainly done through an ATS, or "alternative trading system" known also as a dark pool. This speeds up the process of buying and selling munis, making it closer to a "house auction".In the wake of the SVB (Silicon Valley Bank), there have already been rumblings of its effect on the municipal bond market (Bloomberg “Bank Woes Create Bond Bargain in Obscure Corner of Muni Market”): “Investor concerns over the crises within the financial industry are bleeding into a corner of the $4 trillion municipal-bond market where major investment banks guarantee energy for public utilities…. 3. San Jose, Revisited That part about “large institutional banks” acting as facilitators of the transactions is what we saw in part in this post by [redacted]. https://preview.redd.it/5pp1500xi5pa1.png?width=1128&format=png&auto=webp&s=b4f48ce1f6d11fff15d44cc47b2174882e34eb03 A commenter spoke about this, and how it wasn’t Wells Fargo in doo doo but the city of San Jose. “I believe in theses cases it’s not Wells Fargo that has a problem but the city of San José. „Because presentments are currently processed automatically at DTC, IPAs have the option to refuse to pay (“RTP”) for maturing MMI Obligations to protect against the possibility that an IPA may not be able to fund settlement because it has not received funds from the relevant issuer. „ -> Wells Fargo didn’t receive the money from San José city. https://preview.redd.it/nc8lbgwsk5pa1.png?width=1280&format=png&auto=webp&s=35e2c386534eb904608db679a9954affe0338c9a Wells Fargo has no liability or influence on the money that comes from the city and is distributed to the investors. If the money doesn’t come or isn’t sufficient, the assets are sold or liquidated and used to pay investors. In this case, we might be seeing one of the first of MANY issues of cities up shit’s creek over this. 4. The Municipal Bond Market Time BombThe size of the municipal market is A SHIT TON BIGGER than the corporate bond market, which will already show even more signs of being turbo fucked due to borrowing at low interest rates for years. Here’s the size of the municipal bond market for scale, sans banana: https://preview.redd.it/9pcmm2c9j5pa1.png?width=760&format=png&auto=webp&s=869c0863c6ecc788c29d6dbe37da76521a700d1e Unfortunately, just like retirement funds, many muni investors are “buy and hold”: they buy a muni expecting a safe, long-term return with no federal income tax and then, welp, shit hits the fan. The market is heavily illiquid too, meaning if shit needs to move, then you might be fucked. Only about 1% of municipal securities trade any given day, in auctions that often take HOURS: “Now, the primary method of trading on this doesn't look like the New York Stock Exchange or like Nasdaq. It looks like an auction. It takes about 4 hours. An auction is initiated. Participants who come in can bid on this, and it is a competitive auction that yields a very good price.” Now to my understanding you can’t short these bonds, but the long time frame means its hard to sell these illiquid assets. Not only that, THERE IS NO NATIONAL NBBO (National Best Bid Offer)...you’re flying blind while this shit happens. Now if you’re wondering what magnanimous souls are helping municipal bonds be sold or fixed in a timely manner for cities like San Jose, well have I got news for you. 5. Meet Headlands, U.S. Municipal/Bond Market Making Firm…Run by 3 Ex-Citadel EmployeesTwo months after the sneeze (March 2021), TD Ameritrade bought municipal bond market maker Headlands. Yes, that’s right…an electronic market maker just like Citadel, this time for bonds for cities and towns vs. stocks. Now let’s check the fine fellows that run this: https://preview.redd.it/i1jnj88bj5pa1.png?width=1886&format=png&auto=webp&s=a6ea375e929a247f0b9618fed703ef519561a6a2
Of note, Matthew Andresen founded Island, one of the 1st dark pools EVER and 2nd only to “Instinet” (who also got an even bigger wave of funds during the sneeze, info courtesy of Ringing Bells) and was featured heavily in the Scott Patterson book “Dark Pools”. https://preview.redd.it/ibr2d9xcj5pa1.png?width=200&format=png&auto=webp&s=ea86240da04d87d28dd9561b4afdb13d600de764 Ol Matty told us that Headlands is completely automated, and where some muni traders make 75-100 muni bond sales a day (sometimes over the phone), Headlands currently bids on 10,000+ bond auctions a day with its algo. Matty Boi even said if that number ever 10x’d “we wouldn’t notice.” Even more sus, Headlands has been growing its own “holdings” of muni bonds on its books. 6. In Bros We Trust So remember, this branch of 3 ex-Citadel bros is front and center to the issues already rearing their head. In my previous post, these were just SOME of the already teetering municipal bond issues:
https://preview.redd.it/s8wqbdtej5pa1.png?width=1217&format=png&auto=webp&s=d2ee309462354293b1a4907d0966889bd841089f
7. HurricaneWhat began this rabbit hole was the one and only welp 0 0 7, who caught wind of some fuckery in the municipal bond market: https://preview.redd.it/rsul8xsmj5pa1.png?width=1324&format=png&auto=webp&s=f593d8b9d18e962df50609ba114d0b7093c0cdaf In the post, he mentioned how "American Thinker" 's Joseph Lawler mentioned the SEC has been giving fucking STIFF Heismans nonstop (or per [redacted] the ol' Dustin Martin "don't argues" for you Aussie apes!) on FOIA requests (Freedom of Information Act) related to the municipal bond default in Puerto Rico, the BIGGEST bond default in America's history EVER. https://preview.redd.it/te7m9b5pj5pa1.png?width=782&format=png&auto=webp&s=72fccaee202099011c280636e1501bd570544a2c You see, because this level of municipal bond includes fuckery includes not just cities and towns, but U.S. TERRITORIES. In my post about Hurricane Maria’s effect on Puerto Rico, I talked about how UBS and others loaded up Puerto Rico with debt because of what’s called a “Treasury Put” guarantee that was even called “an exit strategy” for banks (“They describe the "treasury put" as "...the implicit guarantee -- as perceived by investors -- from a government agency to provide support in the event of financial distress by the issuer of Puerto Rican bonds."”). Puerto Rico’s default was the largest in US history, EVER. And all this the same while guess who was holding the bag? Let’s see what W S O P tells us: “The reality is that a large percentage of Puerto Rico’s debt is held in tax-free municipal bonds and municipal bond mutual funds, owned not by Wall Street banks or tycoons, but by mom and pop investors seeking tax-free income.” https://preview.redd.it/1a2vz6brj5pa1.png?width=730&format=png&auto=webp&s=529db6c15522fd84560746523f76bc180207a496 So once again, whether its retirement funds or municipal bonds, its retail caught holding the bag. And this hasn't changed for years. We’ve seen similar fuckery with bonds for NYC in the 70s, and more recently in the 00s for Detroit. One astute wrinkle by the name of [redacted] posted this on that original post trying to dig into how it could all be related: …how the MMLF fund that expanded money/credit to towns/cities started including commercial paper…but also leveraged near the 15 to 1 ratio perhaps under the Net Capital Requirement limit: 8. Don't Bet Against America...Says the Banks and Hedge Funds That Already DidCommercial Paper? Municipals related? Now where does that sound familiar? Ah, yes…the city of San Jose got its call-out by Wells Fargo over COMMERCIAL PAPER. This comes as the push for ppl into municipal bond markets continues, trying to sell it as a “safe haven” to retail investors. Vanguard just recently launched its first ETF–surprise, its first US-listed ETF in 2 years– for municipal bonds (selling point: “hey everyone it’s tax-exempt! Give us money plz!”) for example: https://preview.redd.it/1v8qrfctj5pa1.png?width=1780&format=png&auto=webp&s=8e15ea68094ecdc212a18677fa1966158e362134 Many of us can see all of it for what it is. Bullshit. In the wake of the SVB collapse, there is still a strong push that these regional banks–many of which lend to municipalities–will be fine. This “safe haven” theory continues, even as articles try to have them appeal abroad (such as a few days ago, “ ESG Factors of Munis May Attract Non-US Investors” “https://www.marketsmedia.com/esg-factors-of-munis-may-attract-non-us-investors/”) Even further, one last find is that . I mean it’s not like credit default swaps can be taken on cities and towns in theory right? FWIW also I found an interesting research paper talking about hedge funds buying up credit default swaps, and how they could potentially bankrupt towns/municipalities through some of these moves if they wanted: https://openyls.law.yale.edu/bitstream/handle/20.500.13051/8264/MingJieWangCreditDefaultS.pdf?sequence=2 **** This is all while we have 3 ex-Citadel heads in charge of just how the municipal bond market moves, like that of San Jose. So is this where Citadel’s reach stops? Clearly, no. It doesn’t stop at the US border, just like how Mayo Force One doesn’t. 10. ELI5: What’s a Soverign Credit Default Swap? https://preview.redd.it/x5z73ef9k5pa1.png?width=1500&format=png&auto=webp&s=e3f0155a2015cecae29d739aca7729e44565566f That’s right, mofos. You read that sub-header right. In case you’re wondering, not only can you take out credit default swaps on a failing Swiss bank like CS, but you can do so ON ENTIRE FUCKING COUNTRIES. In one of my old posts “Sovereign Debts & Ransom Notes: Pt. 1 The Importance of Being Non-Linearly Destabilized through Sovereign Credit Default Swaps” (“https://www.reddit.com/Superstonk/comments/t35rdi/sovereign_debts_ransom_notes_pt_1_the_importance/”), I talked a little more about the insanity of these things even existing. Sovereign credit default swaps exist. Long story short: sovereign credit default swaps are insurance policies that if a country defaults (usually on its debt)then you get paid! Like many other shit that we’ve seen in the GME saga, they are a form of financial derivative (a bet that something goes up, a bet that something goes down) on an underlying (the thing you’re betting on)....They can be used to insure government debt for a country in case that country is unable to pay its debt, for example. However, just like other instruments, naked sovereign credit default swaps also exist. Naked sovereign credit default swaps are used to bet that a country or a country's debt will fail without you owning that country's debt. In part, they were destabilising during the Euro-crisis immediately after the 2008 financial crash. Greece was one of the countries that got naked shorted in 2008. In fact, the country got shorted so bad they were worried about fucking SHORT SQUEEZES on Greek debt and the sovereign CDSs! There were a tons of perhaps “we will see soon” if relevant additional points in that old research, including:
https://preview.redd.it/6fp1njsck5pa1.png?width=1295&format=png&auto=webp&s=0ea74b772735a79d5aca4b0d41a658231435dd8f
Crazy shit. So you might say, now this post is meant to be about Citadel’s sphere of influence you might say? “Where does Citadel fit into all this? ” 11. Meet the CDDC (Credit Derivatives Determination Committee)...Where Citadel Sit and Helps Decide Which Countries Default on their DebtOne of the biggest GFC 2008 scenarios of sovereign credit default swaps being misused was against Greece. Afterwards, one of its biggest cases of misuse was by Elliot Management (ran by Paul Singer) who was using their position on the Credit Derivatives Determination Committee, or CDDC, to help decide when their sovereign credit default swaps against Argentina would pay out. Wait, Eliot Management doesn’t sound big enough. Who else is on this committee? https://preview.redd.it/gcvfc4shk5pa1.png?width=928&format=png&auto=webp&s=f968f2765e15103295c91bc4dc7ec74836f916a4 Oh wait, so Citadel is ALSO on this committee? Alongside our favorite fucksticks like Chase, Goldman, Deutsche, and BNP? It’s not lost on me with seeing now that Credit Suisse has been sucked up into UBS, maybe its position on the CDDC has been absorbed further by UBS. Back then, I wrote about the fact is we know next to nothing about the sovereign credit default swaps that might be opened up against countries (be it Russia, Sri Lanka, or otherwise): https://preview.redd.it/t3kx1tk2l5pa1.png?width=850&format=png&auto=webp&s=f829d1a1c14d4df74fe7a2ad7d832d1409662e76 Here's one such example of a swap dealer: Swiss financial terrorist aficionados UBS AG, who registered to be a swaps dealer with the US at the end of 2012. (UBS had also been a member of the CDDC through the Greek crisis in early 2012, alongside Citadel. In Mar. 2012, they were also one of the members pressing to ask whether Greece had defaulted already.) Not only that, but the CDDC even can say when CORPORATE BONDS even shit the bed: late last year, they were the ones who were deciding to let everyone know whether Sunac (an Evergrande-relate company) went tits up. 12. We Say WhenFor months, there has been talk of a looming debt crisis (alongside all the other ones) in the sovereign debt world. And shit continues to hit the proverbial fan. Apart from Russia, Sri Lanka and others, emerging markets like Ghana and Zambia are beginning to feel the hits from their sovereign debt (oftentimes, trying to restructure it with creditors like China). https://preview.redd.it/gd0ocjuyi5pa1.png?width=2458&format=png&auto=webp&s=cb1fe0ade2f3401b2e081f8d0b55ef55cfb95ae2 Even further, now that Credit Suisse has gone under. We may have another thing to worry about: what banks and prime brokers are housing these opaque sovereign debt structures, loans, and swaps? Even worse, what happens when they go under? Roll that less than beautiful bean footage: https://preview.redd.it/wt5v7uu0j5pa1.png?width=1134&format=png&auto=webp&s=df9cf3379be7ce881d7704013f4e6d92e287f08c https://www.livemint.com/news/world/before-collapse-credit-suisse-quietly-conquered-an-obscure-debt-market-11679395660932.html “Before collapse, Credit Suisse quietly conquered an obscure debt market Credit Suisse was the sole structurer and arranger of the world’s largest debt-for-nature swap, a $364 million deal that it orchestrated in 2021 along with The Nature Conservancy, a charity, for Belize. Last year, it sealed another $150 million deal for Barbados. Credit Suisse has in recent years helped revive interest in the instruments and for the first time opened them up to institutional capital. The bank raised money for Belize and Barbados from pension funds including Sweden’s Alecta and Nuveen LLC, a unit of the US’s TIAA, by issuing so-called blue bonds tied to the deals. https://preview.redd.it/ysibqfz5l5pa1.png?width=734&format=png&auto=webp&s=0a1b42cd1d630041b337a008e539facc8781c4d5 he convoluted setup has drawn criticism from sovereign debt experts for its high cost and lack of transparency. And the opaque terms of the Belize and Barbados deals — the first of their kind — mean outside analysts will struggle to assess precisely what comes next. A lot of poorer, especially emerging market countries were already in dire straits. Now as opaque deals meant to help these countries might not come to light (are these some of the Level 3 assets that UBS was talking about?), we can ask ourselves wtf will happen when the same banks looking to save their own ass while holding these sovereign, are the same fuckers that sit on the same board that can decide when they are worthless (while I’m sure being positioned net short). All in all, these banks and holders of sovereign debt credit default swaps, who decide when a country goes boom, are sitting arm in arm alongside Citadel, who themselves potentially hover their greasy mayo-covered finger over the button that decides just when and how the US stock market will eventually implode. 13. Everything Everywhere All at Once To recap, we then have Citadel with (1) the biggest market maker and arguably one of the most influential hedge fund able to decide which stocks rise and which fall as the US stock market teeters on the brink of collapse… …with having (2) three of its ex-employees in charge of (not even counting other Citadel employees working there) operating at Headlands ready to help position themselves when the municipal bond market gets nuked, whether as a continued result of regional bank failure or in spite of it… …while (3) sitting on the board that determines when ENTIRE COUNTRIES FAIL, in such a way that their hedge fund and associated pals can be ready to short and profit off failing nations that they and their fuckstick friends help cause. Did I miss anything? Because remember, Citadel is not just Citadel, the market-maker that we all love to hate; Citadel’s sphere of influence via the Big 3 means the grip that it holds over the US and world economy is even greater than we think…and as such, far far more dangerous. |