Kevin G

[Kevin G @cryooK]

Plzzz...Can you help me to win 4 Freebies？Absolutely Yes！
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[Kevin G @cryooK]

Plzzz...Can you help me to win 4 Freebies？Absolutely Yes！
https://t.co/J2ZbPIcePj

[Kim Dotcom @KimDotcom]

The opening ceremony of the Olympics felt like the closing ceremony of humanity.

[JackTheRippler ©️ @RippleXrpie]

If #XRP reaches $1 in 24 hours, I will give away $10,000 to a follower who reposts this post!

[Kevin G @cryooK]

@QTHESTORMM probably day will come and go as usual

[Elon Musk @elonmusk]

Tonight was a clear victory … for memes

[Kevin G @cryooK]

@sjakksnakk @MacronSports @Norselab @VonDoren @shadesofnorway @Fantasy__Chess @Sjakkforbundet Odin

[Gold Telegraph ⚡ @GoldTelegraph]

BREAKING NEWS

THE BANK FOR INTERNATIONAL SETTLEMENTS IS WARNING THAT CENTRAL CLEARINGHOUSES THAT HOLD OVER $1 TRILLION IN LIQUID ASSETS MAY EXACERBATE PERIODS OF FINANCIAL STRESS

This does not seem good.

[MikeCristo8 @MikeCristo8]

🚨🚨🚨WOULD I LIE TO YOU ABOUT THE FEDERAL RESERVE BLOWING UP NEXT WEEK ??🚨🚨🚨

🚨I want to clarify the plumbing of the Fed & G-SIB’s to show impending credit implosion of both the Fed and the banking system🚨

🚨🚨The reason why the banks will collapse next week, is because the U.S. Treasury bond no longer meets the collateral requirements for tier 1 capital.

🚨🚨U.S. Treasury bonds no longer serve as the (global reserve asset) collateral that trades oil to value America’s debt.

The Federal Reserve’s ($2.3t) reverse repo is credit (the Feds liability) that values the Feds collateral (their asset), which are mortgage-backed securities (once valued at $2.3t).

FOOTNOTE: the Feds asset, MBS was $2.3t against the Fed’s liability ($2.3t reverse repo which is the credit the Fed themselves created).

The Reverse Repo is Now $768bn.

The Feds reverse repo are the G-SIB’s bank reserves or assets which are held at the Fed via the reverse repo.

The G-SIB’s are draining their bank reserves from the Fed’s reverse repo which is the Fed’s liability (the $2.3t original credit created) for lifting the mortgage-backed securities from the G-SIB’s balance sheet.

Once the G-SIB’s drain the Fed’s reverse repo (their bank reserves held at the Fed),

There is no credit (liability side) with which to value the Fed’s collateral which are the mortgage-backed securities.

Credit values the asset

Once the credit (G-SIB’s bank reserves) is drained,

What I’m saying is the Fed’s collateral, the mortgage-backed securities will become valueless because the Fed’s credit account (the liability side) has been drained.

The U.S. Treasury bond (dollar trade) is being unwound.

The G-SIB’s liabilities are the deposits that funded U.S. Treasury bonds through the corporate bond market.

Under Basel III regulations, the U.S. Treasury bond is no longer considered tier 1 collateral (bank assets) to their balance sheet that hedges against a banks liabilities.

The U.S. Treasury bond carry trade is being unwound which is draining the reverse repo.

Once the reverse repo is drained, remember they are bank reserves (a bank asset),

Once the reverse repo is drained, the G-SIB banks have no more assets, and the Federal Reserve no longer has a liability side (which is the credit) that values the mortgage-backed securities on the Federal Reserves balance sheet which is the collateral.

If the G-SIB banks have no more assets (the reverse repo i.e. bank reserves), to hedge against their collapsing liabilities (U.S. Treasury bond unwind), the G-SIB banks blow up.

The Fed is forbidden from going into QE, so there will be no more credit (Fed liability/revers repo) with which to value the collateral (mortgage-backed securities) on the Feds balance sheet.

Why would the Federal Reserve allow the G-SIB’s to drain from the reverse repo (which are really bank reserves/assets) against the collateral (MBS, held at the Fed) if the Fed can just go into QE.

Part II below (very important)

ALSO see my 2:37PM tweet from yesterday.

@BossBlunts1 finally figured out some.

Banks will have ZERO liquidity by next Friday as the reverse repo will be sucked dry.

@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 @disclosetv @htsfhickey @JackStr42679640 @KobeissiLetter @DougAMacgregor @ParikPatelCFA @KanekoaTheGreat @TuckerCarlson @JackFarley96 @TaraBull808 @gordongekko @alx @davidbelle_ @fejau_inc @jsolomonReports @PeterSchiff @PrestonPysh @davidicke @balajis

[Morbid Knowledge @MorbidKnowledge]

A diagram of how John Edward Jones was stuck for 27 hours in nutty putty cave before passing away.

[zerohedge @zerohedge]

And we're off again: total US debt rises $61BN overnight, hits record $33.827 trillion on Friday.

$173BN away from $34Trillion, and we hit $33Trillion just 2 months ago.

[zerohedge @zerohedge]

*BERKSHIRE HATHAWAY SAYS CHARLIE MUNGER HAS DIED

[Elon Musk @elonmusk]

Fraud has both civil & criminal penalties

[Hikaru Nakamura @GMHikaru]

Vladimir appears to be referencing my record...is he really accusing me of cheating??? @LevitovChess. @lachesisq are you jumping on this accusation as well by tweeting this garbage??

[Gold Telegraph ⚡ @GoldTelegraph]

BREAKING NEWS

MOODY'S HAS ESTIMATED THAT BIG BANKS ARE SITTING ON $650 BILLION OF UNREALIZED LOSSES

$650 billion. You are reading this right.

Welcome to Hollywood.

[Five Times August @FiveTimesAugust]

Just a reminder this is what terrorism looked like a year ago

[internet hall of fame @InternetH0F]

:/