Bob Michele (JP Morgan's CIO) on Bloomberg this morning talking about the Fed's emergency BTFP interventions & the liquidity crisis in banks.
He also specifically mentioned Truist Bank 😬
Truist Bank has over $500 billion in assets & could be on the verge of failure along with Charles Schwab
(twitter.com)
💥 BANK COLLAPSE 💥
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How much does blackrock own?
Of JP Morgan? That's a good question.
JP Morgan is on a similar level as Black rock in terms of assets owned and its been operating for well over 100 years. It is its own mothership though it'll be deeply connected with Blackrock.
JP Morgan has 40-50 trillion in derivatives contracts.
United States Office of the Comptroller of the Currency (OCC) - March 31, 2023
Quarterly Report on Bank Trading and Derivatives Activities - Fourth Quarter 2022 - PAGE 12 & PAGE 22
https://www.occ.gov/publications-and-resources/publications/quarterly-report-on-bank-trading-and-derivatives-activities/files/pub-derivatives-quarterly-qtr4-2022.pdf
PAGE 22 - NOTIONAL AMOUNTS OF DERIVATIVE CONTRACTS HELD FOR TRADING:
TOTAL ALL COMMERCIAL BANKS, SAVINGS ASSOCIATIONS, AND TRUST COMPANIES ASSETS ~$21.1 Trillion
TOTAL DERIVATIVES ~$191 Trillion
TOTAL HELD FOR TRADING AND MARK TO MARKET (MTM) ~$181.9 TRILLION
An over leverage of entire deposits to derivatives of about 9:1
Or did you mean US Treasuries? They are mostly owned by the Fed.
Reverse Repo is getting drained to buy US Treasuries and keep interest rates low. Set to run out by January. Peaked at over 2 trillion earlier this year, now 1.5 trillion in a few weeks.
The Dollar Endgame Part 2.5- The Derivatives Monster | Peruvian Bull
https://www.youtube.com/watch?v=0WarjNUN3tk
That is so confusing and explains how they have been manipulating and playing with this stuff all along. I thought stocks were offered so people could buy a percentage into your company so you could use their money to help better your company and when/if they got ready to part with their stocks it would be valued at the percentage of what the company is then worth. Instead they are beating against the odds, shorting and etc
The problem with stocks also is that if the executives do something that will knowingly bring the stock price down, they are liable to be sued.
So if Blackrock/Vanguard buy up largest share in a company, they can use the threat of selling the shares in order to blackmail executives into doing what they want. This regulation has become a means to control.
This is how all your companies can go woke as well along with being offered ESG loan benefits for being the wokest and most backward.