Drareg
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A good article highlighting the fed bailing out wall street in 2019 before covid started, once the WHO declared a pandemic they ramped up the bailout and framed it as covid stimulus.
This is the reason for covid lockdowns and hysteria in general, on top of this they amplified George Floyd to fill the media with anything but bank bailouts, what happened to Floyd happens regularly in America yet this was amplified relentlessly on a global level, ironically they called for defunding the police and using the money for social issues while wall street billionaires were being bailed out for trillions, black, white, asian, hispanic all pay for this.
This has also been done by the ECB in Europe and possibly the Bank of England.
Now we have the marketing arm of central banks and big money the world economic forum calling for a great reset on behalf of big banks, the banks busied themselves with buying up assets like power plants, houses etc while we argue over covid, race wars, trans wars etc, when the reset happens they will keep all of those assets I’m sure, in fact it looks likely many banks will go bust and be forced to hand over the assets to bigger hedge funds basically creating a monopoly.
They will release the names of banks who took these loans on Friday New Year’s Eve, we will probably get a distraction in global media this Friday, think terror attack, in saying that they have grown so carefree they will probably just ignore it.
In the last quarter of 2019 – before there was any news of COVID-19 in the U.S., and months before the World Health Organization declared COVID-19 a pandemic – the Fed pumped $4.5 trillion in cumulative repo loans to unnamed trading houses on Wall Street – its so-called “primary dealers.”
The collateral that the Fed accepted for the cumulative $4.5 trillion in loans consisted of $3.497 trillion in U.S. Treasury securities; $988.3 billion in agency Mortgage-Backed Securities (MBS); and $15.839 billion in agency debt.
The Fed’s emergency repo loan operations began on September 17, 2019. From September 17, 2019 through the last acknowledged operation on July 2, 2020, the Fed’s repo loans cumulatively totaled $11.23 trillion, made up of the following pledged collateral: $7.137 trillion in U.S. Treasury securities; $4 trillion in agency Mortgage-Backed Securities (MBS) and $91.525 billion in agency debt.
Just how fragile were Wall Street’s trading houses at that time that they needed to continuously roll over loans from the Fed – some on an overnight basis, others for weeks at a time? A quick gauge of the depth of the crisis in the last four months of 2019 is to compare the total of repo loans made in the 2008 financial crisis to those made in 2019. We’ve provided the chart at the top of this article for a quick snapshot.
So the question is, if the pandemic was officially declared on March 11, 2020 and the first case of COVID-19 in the U.S. was confirmed by the CDC on January 20, 2020 – what caused the financial emergency on Wall Street in the fall of 2019 that required trillions of dollars in repo loan bailouts from the Fed?
The Fed has failed to provide any credible answers to that question. At first, the Fed suggested that corporate tax payments were drained from the system causing a liquidity crunch. But look carefully at the chart above. Corporations were making those same tax payments from 2009 through 2018 without causing a financial crisis or the need for trillions of dollars in emergency repo loans from the Fed.
Under Section 1103 of the Dodd-Frank financial reform legislation of 2010, the Fed has to disclose to the public its repo lending operations “on the last day of the eighth calendar quarter following the calendar quarter in which the covered transaction was conducted.” That means that the names of the banks and the amounts they borrowed from the Fed’s repo loan operations for the fourth quarter of 2019 are legally required to be reported this Friday.
This is the reason for covid lockdowns and hysteria in general, on top of this they amplified George Floyd to fill the media with anything but bank bailouts, what happened to Floyd happens regularly in America yet this was amplified relentlessly on a global level, ironically they called for defunding the police and using the money for social issues while wall street billionaires were being bailed out for trillions, black, white, asian, hispanic all pay for this.
This has also been done by the ECB in Europe and possibly the Bank of England.
Now we have the marketing arm of central banks and big money the world economic forum calling for a great reset on behalf of big banks, the banks busied themselves with buying up assets like power plants, houses etc while we argue over covid, race wars, trans wars etc, when the reset happens they will keep all of those assets I’m sure, in fact it looks likely many banks will go bust and be forced to hand over the assets to bigger hedge funds basically creating a monopoly.
They will release the names of banks who took these loans on Friday New Year’s Eve, we will probably get a distraction in global media this Friday, think terror attack, in saying that they have grown so carefree they will probably just ignore it.
The Fed Is About to Reveal Which Wall Street Banks Needed $4.5 Trillion in Repo Loans in Q4 2019
By Pam Martens and Russ Martens: December 29, 2021 ~ The conventional wisdom is that the Fed’s recent emergency lending facilities to Wall Street were
wallstreetonparade.com
In the last quarter of 2019 – before there was any news of COVID-19 in the U.S., and months before the World Health Organization declared COVID-19 a pandemic – the Fed pumped $4.5 trillion in cumulative repo loans to unnamed trading houses on Wall Street – its so-called “primary dealers.”
The collateral that the Fed accepted for the cumulative $4.5 trillion in loans consisted of $3.497 trillion in U.S. Treasury securities; $988.3 billion in agency Mortgage-Backed Securities (MBS); and $15.839 billion in agency debt.
The Fed’s emergency repo loan operations began on September 17, 2019. From September 17, 2019 through the last acknowledged operation on July 2, 2020, the Fed’s repo loans cumulatively totaled $11.23 trillion, made up of the following pledged collateral: $7.137 trillion in U.S. Treasury securities; $4 trillion in agency Mortgage-Backed Securities (MBS) and $91.525 billion in agency debt.
Just how fragile were Wall Street’s trading houses at that time that they needed to continuously roll over loans from the Fed – some on an overnight basis, others for weeks at a time? A quick gauge of the depth of the crisis in the last four months of 2019 is to compare the total of repo loans made in the 2008 financial crisis to those made in 2019. We’ve provided the chart at the top of this article for a quick snapshot.
So the question is, if the pandemic was officially declared on March 11, 2020 and the first case of COVID-19 in the U.S. was confirmed by the CDC on January 20, 2020 – what caused the financial emergency on Wall Street in the fall of 2019 that required trillions of dollars in repo loan bailouts from the Fed?
The Fed has failed to provide any credible answers to that question. At first, the Fed suggested that corporate tax payments were drained from the system causing a liquidity crunch. But look carefully at the chart above. Corporations were making those same tax payments from 2009 through 2018 without causing a financial crisis or the need for trillions of dollars in emergency repo loans from the Fed.
Under Section 1103 of the Dodd-Frank financial reform legislation of 2010, the Fed has to disclose to the public its repo lending operations “on the last day of the eighth calendar quarter following the calendar quarter in which the covered transaction was conducted.” That means that the names of the banks and the amounts they borrowed from the Fed’s repo loan operations for the fourth quarter of 2019 are legally required to be reported this Friday.