Scooter14

no one really wants to know what I'm thinking, it's usually about sex!!!

[Scooter14 @Scooter1413]

@Mr_Husky1 I could do that no problem

[hunter @hxxntrr]

You can take $130,000 from your 401k to start a business. No tax. No 10% penalty. The IRS wrote a form for it in 1974 and nobody talks about it.

It's called ROBS. Rollovers as Business Startups.

Normal way to use 401k money before retirement: withdraw it, pay 24-37% income tax, pay the 10% early withdrawal penalty, end up with $78,000 on $130,000.

ROBS way: roll the $130k into a new C-corp's retirement plan, the C-corp buys business stock from itself with those funds. You walk away with $130,000 in business capital. Zero tax. Zero penalty.

The structure:

Step 1: Form a C-corp. Not LLC. ROBS requires C-corp
Step 2: C-corp opens its own 401k plan
Step 3: You roll your old 401k into the new C-corp's 401k
Step 4: The 401k buys company stock with the funds
Step 5: Company now has $130K cash. Your retirement account owns the stock. You run the company as CEO and draw a salary

Total setup cost: $4,500-$6,000 in legal and admin fees. Companies like Guidant Financial and Benetrends do these every day.

Now stack ROBS with the 0% credit play:

ROBS: $130,000 from your own 401k, tax-free
0% business cards: $100,000-$150,000 at 0% APR

Combined funding: $230k-$280k. Zero traditional debt. Zero credit pulled on the 401k portion. Zero tax owed.

The catch:

The C-corp must operate as a real business. Passive investments don't qualify. You draw a real salary. Annual compliance filings required.

A woman opened a daycare in Ohio with $94,000 in ROBS funds. Three years later the daycare is worth $1.2M and her 401k holds the stock. She built a million-dollar retirement asset without ever putting in another dollar.

Your 401k is sitting in some Vanguard target-date fund earning 6%. It could be funding a business you own.

dm me "funding" and i'll show you how you can qualify for up to 250k in 0% APR funding (if you have a 700+)

[Scooter14 @Scooter1413]

@snowflakexo_ Hell yeah, I'm up for that.

[MemyselfandI @nemyself_1972]

Just saying 😉

[Scooter14 @Scooter1413]

@otokyo Not once

[Benny Johnson @bennyjohnson]

President Trump’s the Deep State BLOODBATH in the past 24 hours:

- All federal prosecutors handling January 6th cases fired, computers locked and marched out of their offices by security.

- David Sundberg, the FBI Assistant Director at the helm of the January 6th investigations, has been fired.

- 20 leaders of FBI field offices have been escorted out of FBI buildings around the country

- The 51 intelligence officers who spread misinformation about Hunter Biden's laptop and interfered in elections are now banned from entering federal properties.

- Federal employees are now required to return to the office, with non-compliance leading to termination.

- John Bolton and John Brennan have been permanently banned from government buildings.

- Jarold Harold Rogers has been indicted for compromising U.S. trade secrets to China

- Ban on all use of pronouns in government communications

- All 2 million Feds sent a resignation offer

This purge marks the beginning of the end for the corrupt tyrants in Washington.

11 days in and the swamp has been drained.

[Scooter14 @Scooter1413]

@RepMikeCollins That is BS, I was an average dock worker for years, most I ever made per year was 62k.

[Scooter14 @Scooter1413]

@Spazieyyy @ryanhallyall 😯😯😯

[Scooter14 @Scooter1413]

@CaitVile @ryanhallyall @BluekandyWX @Pat_HammerWGRZ @WGRZ 😯😯😯

[MikeCristo8 @MikeCristo8]

🚨🚨🚨ALERT ALERT ALERT 🚨🚨🚨

🚨🚨🚨To those that doubt my analysis

Oil is crashing

Powell hikes tomorrow

Japan is selling dollars (bonds)

The Bank of Japan really blows up

Dollar has no oil anchor

Because of the oil anchor,

The dollar created, and through the bank of Japan, inflated Ponzi assets,

The jig is up folks (bye-bye USD)

Oil price will now continue to collapse

And so will U.S. Treasury bond yields,

Now do you all see why Powell must raise rates, but for all the wrong reasons?

Because the dollar no longer settles global oil trade.

US10Y is going to collapse.

Question: why would the Bank of Japan pay a higher interest rate to hold UST bonds (on their balance sheet) when the dollar is no longer anchored to oil?

At a time when the BoJ just did massive QE to keep their yields down,

And now BoJ yields are going to collapse anyway.

It's sooo over for theDollar.

And the Bank of Japan,

Because the dollar no longer has an oil monetary anchor.

-Cheers

@BillAckman @sama @JoeBiden @JeffBezos @satyanadella @RobertDowneyJr @gdb @joerogan @FT @WSJ @Forbes @elerianm
@BarackObama @unusual_whales
@MattWallace888 @KimDotcom @marcorubio
@HawleyMO @tedcruz @marklevinshow @gurgavin @MarioNawfal @AOC
@MarioNawfal @spectatorindex
@TheInsiderPaper @GoldTelegraph_ @thesiriusreport @Prolotario1 @ianmiles @elonmusk @disclosetv @DougAMacgregor @RealAlexJones @ParikPatelCFA @KanekoaTheGreat @TuckerCarlson @TaraBull808 @JackFarley96 @alx @jsolomonReports @PeterSchiff @PrestonPysh @davidicke @balajis @Cobratate @VivekGRamaswamy @EdKrassen @Jason

[Scooter14 @Scooter1413]

@johnbrda Hey, Ken Griffin is an honest business man!!! 🤣🤣🤣🤣 that was hard to say with Straight face 🤪🤣🤣🤣🤣

[Wall Street Mav @WallStreetMav]

Interest payments on the $33.7 trillion in US national debt is now annualized at over $1.0 trillion per year.

This is the 2nd largest item in the budget, behind only social security. Interest on the debt is now more than Defense.

With $6 trillion in debt maturing in the next 12 months, much of that old debt at 1% to 2% rates will have to rollover and be refinanced at the current rates of 5%. 12 months from now, if rates are 5% or higher, we will likely be paying $1.3 trillion per year in interest on the debt.

If the debt grows to $40 trillion within 2 years and it all gets refinanced at 5% or higher, interest payments on the debt could be $2 trillion per year by 2026.

[Endless Capit🅰️l @endless_frank]

I’ve been “on Wall Street” for almost 2 decades . I started my career in alternatives selling hedge funds and private equity to financial advisors. Imagine a 21 year old telling 65 year old guys with 100m-2b in AUM why they need to diversify their books into alts.

I worked on a fixed income trading floor, I’ve worked in private equity and now I make markets for an investment bank in private pre IPO securities.

I know as much anyone about the industry and always put forth my best effort and honesty into what I say and do. I can sell you on any idea I have, bullish or bearish because I’ve done the work and truly believe in what I’m selling.

I’m one of those people who always sound like I know what I’m talking about even when I don’t.

This is going to sound very “out there”, but I don’t think anyone and I mean anyone, is considering that the S&P 500 will drop 80% from the highs.

Why I think it’s possible? Take a look around. Everything about equity returns that Wall Street sells you is post WWII data.

Pre WWII things were much different. Why? Because the world was filled with competition and war, not cooperation and diplomatic solutions.

The world today is heading backwards and everything you think you know about markets should be tossed out the window.

The U.S govt can’t even select a speaker of the house, agree on funding and function normally as an entity.

Further, our adversaries see this as a time of weakness to strike. It’s why Russia chose last year to go into Ukraine while inflation was hot.(and the U.S would have to pay a heavy price to defend Ukraine).

It’s why further wars are being summoned in the Middle East. The world as we have known it for our entire lives is not the world we’re moving towards. Could change, but currently going the wrong way.

The U.S imported deflation from China for decades, now it’s decoupling and importing inflation from on-shoring.

This was a major contribution to the record margins companies were able to generate. Look at Tesla! Wasn’t profitable before the Shanghai factory.

I write this all now because I feel the world is at a crossroads. It doesn’t have to end badly, but geopolitically a large swath of the world is moving away from a U.S centric lead world.

That is more uncertainty for U.S corporates/corporate earnings than at any time since pre WWII and it might just be the thing that ultimately crashes it all. /End

[Scooter14 @Scooter1413]

@TopStockAlerts1 Or reverse split makes it go up?

[Joseph Brown @heresyfinancial]

The Reverse Repo facility has seen $1 trillion drain out in just the last 6 months

What happens when it runs out?

Its important to remember what this account is for, and where this money came from in the first place 🧵👇🏼

When all the money printing started in 2020, this account was not in use. But the money printing flooded the banking system with deposits.

Whenever a dollar is spent, it goes from one bank account to another.

When a dollar is in a bank account, it is a liability for the bank. They “owe” this dollar back to you, and it costs them money to hold it. They have to do something to make money with it. So they buy an asset so that they have an asset to offset their liability.

From March 2020-March 2021, banks didn’t have to worry about this. They were not required to offset these liabilities. But starting in April 2021, that temporary suspension was lifted, and they had to get assets again.

If banks had gone out to buy up assets with these trillions of dollars, it would have pushed short term rates negative. There would have been too much demand and not enough supply for short term government debt.

So the Fed opened up the reverse repurchase facility so that banks could get their collateral straight from them instead of the open market.

The fed knew they would have to make the facility attractive enough, or else there would be no reason to use it. So they started offering a yield on any cash that came in: 0.05% higher than the bottom end of the fed funds rate. Just enough to make it enticing.

So banks got the collateral they needed and also got a tiny percentage paid on their cash straight from the fed.

As inflation fears roared, the fed started aggressively raising interest rates. But there were still trillions of dollars from the money printing that needed to be kept out of circulation.

So the fed had to keep raising rates on the reverse repo facility as well. This kept a floor under short term rates so that it would only leave for a sufficiently higher yield.

We are now seeing that play out. Government borrowing has accelerated so rapidly, that short term yields are now attractive enough for cash to leave the safe haven of the risk-free fed reverse repo, and get lent to the government instead

The more the government borrows at the short end of the curve, the more cash will leave the reverse repo facility.

And once it’s empty, the government will need a new slush fund to borrow from.

At about $1.3 trillion left in the facility, it may seem like this is a long way off. But just 6 months ago in April, this facility had $2.3 trillion in it.

So we’ve seen $1 trillion leave this facility in the last 6 months, and there is only $1.3 trillion left.

And government borrowing is accelerating.

There will be many unexpected consequences of this acceleration in this out of control deficit spending, but one consequence is very predictable.

Much, much higher rates.

[The Kobeissi Letter @KobeissiLetter]

Treasury bond tracking ETF, $TLT, is now seeing its highest volume on record.

There were an average of ~32 million shares traded PER DAY in September 2023.

Today alone, we have seen 60 million+ shares traded.

To put this in perspective, even in March 2020, daily average volume was only 25 million.

In August 2011, during the debt ceiling crisis, $TLT average daily volume was 21 million.

Bond markets are experiencing a major shift.

[McSqueezyTheCow @McSqueezyTheCow]

JPMorgan purchased $4.02 trillion in treasuries from the New York Fed's Open Market Trading Desk [reverse repo facility] using its investment company, its commercial bank, and five money market funds in the 3rd quarter of 2021--the most recent data available.

The sale of these treasuries, which were repurchased by the Fed's trading desk one day after the trade date, was done to help the Fed achieve its mandate of maintaining financial stability and liquidity.

---

So what do we know about reverse repurchase agreements, a/k/a/ "reverse repos" (RRP)?

Sheng Xu, Director - Investment Platform, Portfolio Management Group at BlackRock breaks down the RRP facility nicely in her June 28th LinkedIn article:

"...in the financial world, if banks and other financial institutions cannot access short-term funding, they may be unable to meet their obligations, possibly leading to broader systemic issues.

The repo market serves as a temporary reallocation of cash and securities, ensuring that all parties can continue to operate smoothly. It's like a financial version of musical chairs, keeping the tune of the economy playing."

• "...the repo market is not without its risks. If the borrower defaults and cannot repurchase the collateral, the lender is left holding the security. If the value of the security has declined, this could result in a loss for the lender.

Financial institutions mitigate these risks through 'haircuts' or margins, where the loan is less than the collateral's market value."

• "By buying and selling U.S. Treasury and other government securities in the repo market, the FED can control the amount of cash in the financial system and influence short-term interest rates."

• "When the FED executes repo operations to supply cash to the financial system, it increases the amount of reserves banks have, putting downward pressure on interest rates. When the FED does reverse repo operations to absorb cash, it reduces the reserves, pushing interest rates up"

-

IBKR Campus also tells us:

"When the bank or other counterparty buys a security from the Fed, the cash is moved from the bank to the Fed. That makes RRP a method for the Fed to temporarily absorb excess liquidity in the banking system. By setting a rate just above the low end of the Fed’s target, the Fed can prevent short-term rates from sinking below the level it desires"

---

What do we know about these JPMorgan Money Market Funds that accounted for 95.39% of the $4.02 trillion of liquidity the reverse repo provided Jamie Dimon's bank in the third quarter of 2021, alone??

▫ JPMorgan Liquid Assets Money Market Fund (0.000025%)

The Fund seeks current income with liquidity and stability of principal.

• The Fund invests exclusively in high-quality, short-term money market instruments
• These instruments include corporate notes, commercial paper, funding agreements, certificates of deposit and bank obligations
• The Fund will concentrate in the financial services industry, including asset-backed commercial paper programs

▫ JPMorgan Prime Money Market Fund (0.83%)

The Fund seeks current income while seeking to maintain liquidity and a low volatility of principal.

• The Fund invests in high-quality, short-term obligations that present minimal credit risk including:

1) Securities issued by the U.S. government and its agencies;
2) Floating rate and variable rate demand notes of U.S. and foreign corporations;
3) Commercial paper - in the highest category by Moody's Investor Services (P1) and Standard & Poor's (A1);
4) Certificates of Deposit and time deposits;
5) Asset-backed securities; and
6) Repurchase agreements

▫ JPMorgan Tax-Free Money Market Fund (0.03%)

The Fund aims to provide the highest possible level of current income which is excluded from gross income, while still preserving capital and maintaining liquidity.

• The Fund invests primarily in municipal obligations, the interest on which is excluded from federal income taxes

▫ JPMorgan U.S. Government Money Market Fund (86.16%)

The Fund seeks high current income with liquidity and stability of principal.

• The Fund invests exclusively in high-quality, short-term securities that are issued or guaranteed by the U.S. government or by U.S. government agencies and instrumentalities
• Some of the securities purchased by the Fund may be subject to repurchase agreements

▫ JPMorgan U.S. Treasury Plus Money Market Fund (8.38%)

The Fund seeks current income with liquidity and stability of principal.

• The Fund invests exclusively in U.S. Treasury bills, notes and other obligations issued or guaranteed by the U.S. Treasury, and repurchase agreements collateralized by such obligations

---

What else do we know??

▫ Take 2020, for example. In 2020, the Fed established the Money Market Mutual Fund Liquidity Facility (MMLF) with the approval of the Treasury and issued loans to banks.

The MMLF was launched by the Federal Reserve Board (FRB) to "support the flow of credit to households and businesses, enhance the liquidity and functioning of the financial markets, and support the economy".

Through the MMLF in 2020, some $162.9 billion in loans were made to institutions. 72% of that amount went to six institutions, including JPMorgan.

▫ Increased usage by government money market funds (MMF) led to increased usage of reverse repos.

The increased use of MMF was so much so that, The Fed needed to raise the RRP counterparty limit... TWICE!

• March 2021: Per counterparty limit increased from $30B to $80B
• September 2021: Per counterparty limit increased from $80B to $160B

Said another way, the reverse repo per counterparty limit jumped some 433% from January to September 2021, a large part of which is attributed to MMFs.

---

What are money market funds (MMF)?

According to Investopedia, intended to offer investors high liquidity with a very low level of risk, money market funds--a/k/a money market mutual funds--are a "kind of mutual fund that invests in highly liquid, near-term instruments. These instruments include cash, cash equivalent securities, and high-credit-rating, debt-based securities with a short-term maturity (such as U.S. Treasuries)."

---

Why do MMFs matter?

We know that investors are flocking to MMFs because these short-term debts are government MMFs, ergo treasuries, so "guaranteed" and likely considered very low risk, if any at all

▫ Government MMFs represent 83% of all MMFs as of March ‘23; a 4% increase YoY https://t.co/gd39Tubm1p

▫ MMFs are required to hold short-term instruments, usually less than one year

▫ The high demand for MMF's further inverts the yield curve https://t.co/vRRousK1eI

▫ MMFs had to be bailed out in both 2008 and 2020.

2008 saw the Treasury guaranteeing $2.5 trillion for MMFs, while in 2020, the Fed established the Money Market Mutual Fund Liquidity Facility (MMLF) with the approval of the Treasury, and issued loans to banks.

Of the $162.9 billion in loans in 2020, 6 Wall Street firms received 72%.

The three largest were Federated, JPMorgan, & Morgan Stanley. https://t.co/cHdQ7jdUjl
https://t.co/GKbpRxHpFS

--

Of late, MMFs have become a favorite among investors seeking a safe(r) alternative amid concerns about U.S. credit downgrades, a potentially weakened labor market, and other economic factors/market events.

An August Reuters article tells us "Investors secured U.S. money market funds worth about $58.56 billion in their biggest weekly net buying since March 29, data from Refinitiv Lipper showed"

---

TLDR:

JPMorgan needed over $4 trillion dollars of liquidity in just the 3rd quarter of 2021, while the Fed took the opportunity to give the appearance of shoring up their balance sheets by getting treasuries off their books, controlling the amount of cash in the financial system, and influencing short-term interest rates.

---

TLDR²:

What's more is that quarter-over-quarter, JPMorgan's use of the Fed's reverse repo facility increased 114.97% from $1.87 trillion in Q2 of 2021, to $4.02 trillion in Q3 of 2021.

This drastic increase was mostly in part due to JPMorgan's money market funds, which account for 95.39% of the $4.02 trillion in treasuries the bank bought in the third quarter of 2021... the same kind of activity that caused the Fed to raise the reverse repo per counterparty limit twice in 2021 from $30 billion to $160 billion.

Ironically, we have seen a rapid decline in the use of the Fed's reverse repo facility in recent weeks due to a liquidity shift away from reverse repos and into money market funds.
https://t.co/HZ20JCPArG

---

TLDR³:

Jamie Dimon and his bank have been further inverting the yield curve by binging on reverse repo treasuries, primarily through its many money market funds.

Let's also quickly recall that the Fed bailed out banks many times.

• 2008 through the MMLF, guaranteeing $2.5 trillion in loans

• $16.1 trillion our four mega-banks received in loans from December 1007 to July 2010.

JPMorgan received $391 billion.

• Then again in 2020 when banks received $163 billion in loans.

And of course, JPMorgan was one of the 3 banks that received the most loans.

---

TLDR⁴:

JPMorgan, which is officially the riskiest bank, as confirmed by the meeting 8 out of 12 indicators in the Office of Financial Research Bank Systemic Risk Monitor in 2008, is a threat to not only the global banking system but also to the global economy, as well.

---

It's no wonder the fed publishes reverse repo data 2 years late. This means we won't see reverse repo information for this current quarter until after Q3 2025.

...it's almost like the Fed is hiding something... maybe their aiding and abetting banks in ruining the global economy?!?

---

....tick, tock!

---

#SystemicRisk #WallStreet #BankingCrisis #MemeBanks #JPMorgan #SoldNotYetPurchased #Derivatives #MarketMaker #DTCC #ReverseRepo #Rehypothecation

NY Fed Reverse Repurchase Transactions Historical transaction Data: https://t.co/FzTXtjzd83

August 4, 2023, Reuters article: https://t.co/g9aocrX7xh

June 28, 2023, LinkedIn article:
https://t.co/BkqjowytAL

IBKR Campus Trader's Insight June 8, 2022 article:
https://t.co/KDtaeoonEw

July 2011 United States Government Accountability Office (GAO) - Audit of the Fed:
https://t.co/Uw1kWZ73p2

National Information Center 2020 Systemic Risk Indicators:
https://t.co/rGekJpKG0t

Office of Financial Research Bank Systemic Risk Monitor:
https://t.co/ui4CAodVBW

JPMorgan Liquid Assets Money Market Fund: https://t.co/PD7oDOhUzk

JPMorgan Prime Money Market Fund: https://t.co/rP0M2Xk29S

JPMorgan Tax-Free Money Market Fund: https://t.co/8aRuGl7QUA

JPMorgan U.S. Government Money Market Fund: https://t.co/NH6xMnbEUl

JPMorgan U.S. Treasury Plus Money Market Fund: https://t.co/oBrfPpQKzE

Investopedia - Reverse Repurchase Agreement: https://t.co/NNghpZaWkI

Investopedia - Money Market Mutual Fund Liquidity Facility (MMLF):
https://t.co/VIBmSlnte7

[Scooter14 @Scooter1413]

Defund the SEC - Sign the Petition! https://t.co/LCEguxMSmT via @Change

[Scooter14 @Scooter1413]

@CramerTracker The qb is running yelling, "blow the whistle, blow the whistle "!!! 🤣🤣🤣