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This is NOT my work. It was posted here, and I recommend reading the entire thread: https://www.reddit.com/r/Superstonk/comments/rv4axv/a_news_blackout_on_the_feds_naming_of_the_banks/

Four days ago, the Federal Reserve released the names of the banks that had received $4.5 trillion in cumulative loans in the last quarter of 2019 under its emergency repo loan operations for a liquidity crisis that has yet to be credibly explained. Among the largest borrowers were JPMorgan Chase, Goldman Sachs and Citigroup, three of the Wall Street banks that were at the center of the subprime and derivatives crisis in 2008 that brought down the U.S. economy. That’s blockbuster news. But as of 7 a.m. this morning, not one major business media outlet has reported the details of the Fed’s big reveal.

On September 17, 2019, the Fed began making trillions of dollars a month in emergency repo loans to 24 trading houses on Wall Street. The Fed released on a daily basis the dollar amounts it was loaning, but withheld the names of the specific banks and how much they had borrowed. This made it impossible for the public to see which Wall Street firms were experiencing the most severe credit crisis.

It was the first time the Fed had intervened in the repo market since the 2008 financial crash – the worst financial crisis since the Great Depression. The COVID-19 crisis remained months away. The first reported case of COVID-19 in the U.S. was not reported by the CDC until January 20, 2020 and the World Health Organization did not declare a pandemic until March 11, 2020.

The dollar amounts of the Fed’s repo loans grew to staggering levels. On October 24, 2019, we reported the following:

”The New York Fed will now be lavishing up to $120 billion a day in cheap overnight loans to Wall Street securities trading firms, a daily increase of $45 billion from its previously announced $75 billion a day. In addition, it is increasing its 14-day term loans to Wall Street, a program which also came out of the blue in September, to $45 billion. Those term loans since September have been occurring twice a week, meaning another $90 billion a week will be offered, bringing the total weekly offering to an astounding $690 billion. It should be noted that if the same Wall Street firms are getting these loans continuously rolled over, they are effectively permanent loans. (That’s exactly what happened during the 2007-2010 Wall Street collapse: some teetering Wall Street casinos received, individually, $2 trillion in cumulative loans that were rolled over for two and one-half years – without the authorization or even awareness of Congress or the American people. One bank, Citigroup, received over $2.5 trillion in Fed loans, much of them at an interest rate below 1 percent, at a time when it was insolvent and couldn’t have obtained loans in the open market at even high double-digit interest rates.)”

Under the Dodd-Frank financial reform legislation of 2010, the Fed was legally required to release the names of the banks and the amounts they borrowed “on the last day of the eighth calendar quarter following the calendar quarter in which the covered transaction was conducted.” The New York Fed released the information for the third quarter of 2019 last Thursday, a day earlier than required. We reported on it the following day.

Those Fed revelations, that had been withheld from the American people for two years, should have made front page headlines in newspapers and on the digital front pages of every major business news outlet. Instead, there was a universal news blackout of the story at the largest business news outlets, including: Bloomberg News, the Wall Street Journal, the business section of the New York Times, the Financial Times, Dow Jones’ MarketWatch, and Reuters.

Could this critically important story have simply slipped by all of the dozens of investigative reporters and Fed watchers at these news outlets? Absolutely not. The Fed was required to release its repo loan data and names of the banks for the span of September 17 through September 30, 2019 at the end of the third quarter of this year. We reported on what that information revealed on October 13. Because we were similarly stunned by the news blackout on that Fed release, out of courtesy we sent our story to the reporters covering the Fed for the major news outlets. Our article alerted each of these reporters that a much larger data release from the Fed, for the full fourth quarter of 2019, would be released on or about December 31. The data was posted at the New York Fed sometime before 1:23 p.m. ET last Thursday.

A The most puzzling part of this news blackout is that the majority of the reporters who covered this Fed story at the time it was happening in 2019, are still employed at the same news outlets. We emailed a number of them and asked why they were not covering this important story. Silence prevailed. We then emailed the media relations contacts for the Wall Street Journal, the New York Times, the Financial Times and the Washington Post, inquiring as to why there was a news blackout on this story. Again, silence.

Next, we emailed a number of reporters who had covered this story in 2019 but were no longer employed at a major news outlet. We asked their opinion on what could explain this bizarre news blackout on such a major financial story. We received emails praising our reporting but advising that they “can’t comment.”

The phrase “can’t comment” as opposed to “don’t wish to comment” raised a major alarm bell. Wall Street megabanks are notorious for demanding that their staff sign non-disclosure agreements and non-disparagement agreements in order to get severance pay and other benefits when they are terminated. Are the newsrooms covering Wall Street megabanks now demanding similar gag orders from journalists? If they are, we’re looking at a form of corporate tyranny previously unseen in America.

Finance is not my area of expertise. What are your opinions on this? Perhaps and/or could elaborate.

This is NOT my work. It was posted here, and I recommend reading the entire thread: https://www.reddit.com/r/Superstonk/comments/rv4axv/a_news_blackout_on_the_feds_naming_of_the_banks/ >Four days ago, the Federal Reserve released the names of the banks that had received $4.5 trillion in cumulative loans in the last quarter of 2019 under its emergency repo loan operations for a liquidity crisis that has yet to be credibly explained. Among the largest borrowers were JPMorgan Chase, Goldman Sachs and Citigroup, three of the Wall Street banks that were at the center of the subprime and derivatives crisis in 2008 that brought down the U.S. economy. That’s blockbuster news. But as of 7 a.m. this morning, not one major business media outlet has reported the details of the Fed’s big reveal. >On September 17, 2019, the Fed began making trillions of dollars a month in emergency repo loans to 24 trading houses on Wall Street. The Fed released on a daily basis the dollar amounts it was loaning, but withheld the names of the specific banks and how much they had borrowed. This made it impossible for the public to see which Wall Street firms were experiencing the most severe credit crisis. >It was the first time the Fed had intervened in the repo market since the 2008 financial crash – the worst financial crisis since the Great Depression. The COVID-19 crisis remained months away. The first reported case of COVID-19 in the U.S. was not reported by the CDC until January 20, 2020 and the World Health Organization did not declare a pandemic until March 11, 2020. >The dollar amounts of the Fed’s repo loans grew to staggering levels. On October 24, 2019, we reported the following: >”The New York Fed will now be lavishing up to $120 billion a day in cheap overnight loans to Wall Street securities trading firms, a daily increase of $45 billion from its previously announced $75 billion a day. In addition, it is increasing its 14-day term loans to Wall Street, a program which also came out of the blue in September, to $45 billion. Those term loans since September have been occurring twice a week, meaning another $90 billion a week will be offered, bringing the total weekly offering to an astounding $690 billion. It should be noted that if the same Wall Street firms are getting these loans continuously rolled over, they are effectively permanent loans. (That’s exactly what happened during the 2007-2010 Wall Street collapse: some teetering Wall Street casinos received, individually, $2 trillion in cumulative loans that were rolled over for two and one-half years – without the authorization or even awareness of Congress or the American people. One bank, Citigroup, received over $2.5 trillion in Fed loans, much of them at an interest rate below 1 percent, at a time when it was insolvent and couldn’t have obtained loans in the open market at even high double-digit interest rates.)” >Under the Dodd-Frank financial reform legislation of 2010, the Fed was legally required to release the names of the banks and the amounts they borrowed “on the last day of the eighth calendar quarter following the calendar quarter in which the covered transaction was conducted.” The New York Fed released the information for the third quarter of 2019 last Thursday, a day earlier than required. We reported on it the following day. >Those Fed revelations, that had been withheld from the American people for two years, should have made front page headlines in newspapers and on the digital front pages of every major business news outlet. Instead, there was a universal news blackout of the story at the largest business news outlets, including: Bloomberg News, the Wall Street Journal, the business section of the New York Times, the Financial Times, Dow Jones’ MarketWatch, and Reuters. >Could this critically important story have simply slipped by all of the dozens of investigative reporters and Fed watchers at these news outlets? Absolutely not. The Fed was required to release its repo loan data and names of the banks for the span of September 17 through September 30, 2019 at the end of the third quarter of this year. We reported on what that information revealed on October 13. Because we were similarly stunned by the news blackout on that Fed release, out of courtesy we sent our story to the reporters covering the Fed for the major news outlets. Our article alerted each of these reporters that a much larger data release from the Fed, for the full fourth quarter of 2019, would be released on or about December 31. The data was posted at the New York Fed sometime before 1:23 p.m. ET last Thursday. >A The most puzzling part of this news blackout is that the majority of the reporters who covered this Fed story at the time it was happening in 2019, are still employed at the same news outlets. We emailed a number of them and asked why they were not covering this important story. Silence prevailed. We then emailed the media relations contacts for the Wall Street Journal, the New York Times, the Financial Times and the Washington Post, inquiring as to why there was a news blackout on this story. Again, silence. >Next, we emailed a number of reporters who had covered this story in 2019 but were no longer employed at a major news outlet. We asked their opinion on what could explain this bizarre news blackout on such a major financial story. We received emails praising our reporting but advising that they “can’t comment.” >The phrase “can’t comment” as opposed to “don’t wish to comment” raised a major alarm bell. Wall Street megabanks are notorious for demanding that their staff sign non-disclosure agreements and non-disparagement agreements in order to get severance pay and other benefits when they are terminated. Are the newsrooms covering Wall Street megabanks now demanding similar gag orders from journalists? If they are, we’re looking at a form of corporate tyranny previously unseen in America. Finance is not my area of expertise. What are your opinions on this? Perhaps @Snowdenisaspook and/or @NMBRFG could elaborate.

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[–] • 1 pt

Okay. Here is my take on this at a glance. Reminder reverse repo is simply smoke and mirrors. It is liquidity added and then taken away. Basically numbers added to a spreadsheet/numbers removed from spread sheet.

I agree with the author of the article. HUGE news. For the monkeys at the papers salivating for a new story they sure let that one pass by. And have for OVER a year now since this started when Trump was in office.

This goes deeper into what I said to you earlier about Jerome Powell. Still trying to figure out what team he's playing for.

"In July 2019, Powell said he would not stand down if Trump attempted to remove him,[50] noting it was Congress that has oversight of the Fed.[51] In August 2019, Trump called Powell an "enemy",[52] "equivalent to or worse than" China's leader Xi Jinping,[53] and that he had a "horrendous lack of vision",[54] and "I disagree with him entirely".[55]

In October 2019, as asset prices waned, Powell announced the Fed would return to expanding its balance sheet, which led to a global rally in assets.[56] Powell said the Fed's actions were not quantitative easing, but some dubbed them as being QE4.[57] Powell's expansion utilized an indirect form of quantitative easing, which printed new funds (per direct quantitative easing), but then lent them to US investment banks who made the asset purchases (as opposed to the Fed purchasing assets); it is known as a "repo trade", and was associated with the "Greenspan put".[58][59][60][61]

In light of his term as chair expiring on February 2022, many Democrats began to express opposition to Powell's reappointment. In August 2021, progressive Democrats, including Alexandria Ocasio-Cortez, called on President Joe Biden to replace Powell, criticizing him for failing to "mitigate the risk climate change poses to our financial system".[62][63] In September 2021, Senator Elizabeth Warren, Democrat of Massachusetts, criticized Powell for his financial regulation track record and called him as a “dangerous man to head up the Fed.”[64] Powell was renominated for a second term by President Joe Biden on November 22, 2021.[6]"

As Trump's term came to an end there were all of these stories that Powell visited the white house but I could never confirm that he talked to Trump. I found the wording odd. "Visited" instead of "Met with President".

I say all of this because in order to work out this puzzle we have to work out Powell . Remember Powell comes from The Carlyle Group. From 1997 to 2005, Powell was a partner at The Carlyle Group. Pretty shady.

Yellen preceded him and she got moved to Treasury. Pieces moved around on a board. Everyone knows everyone. But what does it mean in the larger scope?

At a glance if you're asking why no mainstream media outlet will touch this it's because this is almost exactly like the subprime meltdown in terms of shady business and scope. If they report it, people start asking questions. Why'd you drag everyone through it in 2008 if you're saying it's not such a big deal now? What are the long term consequences? Etc.

Also the thing that stands out as odd to me is how the only reverse repo allowed in the beginning was Blackrock. And now all of these banks are in. It's like bailing water out of a sinking ship. It's like a bunch of people who thought one thing was going to happen and then suddenly something else happened. It's honestly what makes me think Trump may be telling the truth sometimes.

When this came out while Trump was in office everyone was like, "OMG TRUMP is taking down the cabal by bankrupting the Fed and putting us back on the gold standard." Everyone who has been around me on here knows I am more skeptical than that. Could it bankrupt the Fed? Yes, but I don't think that's the answer. People like to argue this point but all currency is fiat. People argue and say that anything not gold backed is fiat. Intrinsic value is decidedly arbitrary. Gold has no more value than a polished river stone. Gold has value because SOMEONE said it has value and pushed it enough to make the brainwashing stick. Anyone who has studied currency knows this. So, whereas I think it is smart to have a tangible item back a currency I said all of the above to point out that all of this is simply imaginary at some point. I think something other than gold will back the new currency.

BlackRock has a few things going on that flies red flags other than the most obvious that they are shady to the core and by shady I mean deep state. First BlackRock has been betting on Bitcoin futures. They have been doing this for awhile. But pay attention, by betting futures they can long or short. Bet enough and they could tank bitcoin. I also find it interesting that these are settled in cash. But whatever that is just me. Second, we know about these through the SEC filings because BR is doing this through two of their funds Those funds report to SEC. I think some of this landscape will shift with the XRP case that will determine if cryptos are currency or securities. https://mtmcrypto.com/2021/09/28/blackrock-sec-filings-show-company-gained-369k-from-bitcoin-futures/

Third, BlackRock is buying up properties at an unprecedented rate. And they are buying them at 20 to 50 percent ABOVE asking. People printing money out of thin air to gobble up hard assets should make everyone's bells start ringing.

So there's a rumor that Black Rock is competing with the Koch brothers. We all know the Koch's are evil. Incidentally, I think the Koch's may be even more evil than we think. Okay so take a second to put that into perspective. Blackrock and the Koch brothers may be feuding in the financial world. Okay so what does that mean for everyone else, especially SINCE ALL of this started when DJT was in office. What do all of these moves mean in the larger world of financial families?

Well, the short answer is that all of this will drive inflation. Some of the real estate could be bought up to prevent a drop in the housing market or foreclosures. I'd have to see a spread sheet of BR property purchases before I made a decision on that.

Couple that with BlackRock making a play like this. https://www.ft.com/content/f876fb63-1823-4f4b-a28f-faa7797aa49c "BlackRock’s research unit has said China should no longer be considered an emerging market and recommended investors boost their exposure to the country by as much as three times."

Add that to Trump signing into law https://www.sec.gov/hfcaa Holding Foreign Companies Accountable Act (“HFCAA”) on December 18, 2020 and delisting three Chinese companies. As far as I know the HFCAA is in play.

Now remember even Bloomberg calls BlackRock ‘The fourth branch of government,’ because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses. Pay attention, people. Pay very close attention. All of these moves mean something VERY specific.

This is a quote from someone I follow on threadreader. " It appears that Congress, through the Treasury, is having the Fed buy up assets and park them with Blackrock where former Ripple employees are talking about tokenizing the exact same assets on blockchain. In the coming Great Reset, the state will nationalize the banking sector and land/property. Mortgages will exist as assets on the blockchain and can be fractionalized. The government will use those assets to back their digital currency. The state, through nationalized financial institutions, will sell fractional shares of property mortgages, but never give over majority ownership--meaning the most you can hope to own of your home is a 49% share. You would pay rent on the mortgage and shareholders will receive their share of the rent payment in dividends. You could always own shares in other properties to make it so you live rent free through dividends from owned mortgage shares, but you will never outright own any property."

I agree with the above completely. It will be like leasing your house forever. More benefits than shitrent but you'll be a slave to their bullshit. So I loop back around to my comment above about OMG Trump will crash the Fed and put us on the gold standard. I think they are doing all of this to crash the banks. "Crash". There is your event. BLAZING headlines: BANKS ARE DANGEROUS. Wait for it people. It's coming. If not exactly this it is something equally as eye rolling and everyone paying attention knows it. ALL of these systems are in place. ALL OF THEM. The blockchain replaces banking to a certain degree which is why JP Morgan went all in. Anyway, this is why I believe NO ONE will touch these stories. They've been told not to. And they won't. But when they want the shift to occur you'd better believe this shit is going to play 24/7.

[–] • 0 pt (edited )

This is earth-shaking.

How will this affect people who already have mortgages?

How/will this affect people who own their homes outright?

What advice would you give to young people who are starting out? If there's a way for them to purchase a home now should they do it?

These "people" have no right to dictate what we can and cannot own.

Is there ANYTHING we can do to stop this?

[–] • 1 pt (edited )

Whew boy. You and I have had this conversation. This one... yeah. This one should bother everyone.

How will this affect people who already have mortgages? I haven't formulated an answer to this. This easiest way to do it is simply grandfather everyone who already has a mortgage. Now remember people already fall for scams. Reverse mortgages are a prime example. Just typing the words reverse mortgage makes me laugh. And people will actually "explain" to me how good it is. Oooookkkay there cowboy. So my point is: dumbshits already exist. What I think they will do is grandfather everyone in because a mortgage is a CONTRACT. JUST PLEASE READ any new docs sent your way if this comes into play soon. They will heavily "incentivize" doing business their way. By this I mean they will run some bullshit of PAY OFF half your mortgage by getting on the blockchain. You laugh. It's coming. And people will fall for it. So in a way I am saying that anyone who reads the fine print or outright owns their home or other real estate will be the last official landowners. Remember when we had the original conversation I called this the new feudalism. I wasn't joking. This should literally horrify everyone smart enough to read.

How/will this affect people who own their homes outright? See above.

What advice would you give to young people who are starting out? If there's a way for them to purchase a home now should they do it? Yep. Right now. Like yesterday. Even if the market is inflated. WHICH YOU WILL NEVER hear me say again.

These "people" have no right to dictate what we can and cannot own. Exactly. People have to be smarter. They have to share this information faster and help people understand. Otherwise, they're fucked. Period. There is no nice way to say it.

Is there ANYTHING we can do to stop this? Stop it? No. Profit from it? Yes. Angle so that you're not fucked? Yes.

[–] • 0 pt

People have to be smarter. They have to share this information faster and help people understand.

Yes - and this is the last thing to which people want to pay attention.