ty B
morning
gibs me a minute to get sitched
Just after sunset action
RAF RRR7235 17 Rivet Joint west from RAF Waddington
Romania action-focus has been here (visibility-wise) lately
German AF GAF593 A400m ne from Constanta, Romania and on descent for Salzburg, Austria
DUKE61 US Army Beech 200 Super King Air from Constanta nw with REBEL77 SK Air inbound from Ramstein
DUKE60 US Army SK Air just departed Constanta
NCHO220 and NCHO223 USAF DC-10 extenders over Romania
NATO09 E-3TF Sentry AWACS playing NASCAR circle tracking it over Romania from Turkey
NATO01 E-3TF AWACS heading se
NCHO131 USAF DC-10 extender tracking in southern Poland
Dutch AF MMF19 A330 tanker joining MMF18 over central Poland
CLUB25 USAF E-4B Nightwatch departed MacDill (US CENTCOM) after arriving on 0223
Belgian AF BAF666 A400m departing JBA after arriving from MCAS Yuma yesterday
SEPAD46 US Navy E-6B Mercury departed Pax River and did some trackin' on N.C. coast line
Sepad means suppose or to presume in British English (Scottish)
2 P-8 Poseidens south from NAS Jax
169326 dropping altitude for Bahamas and 896 heading for Key West
Joe is going to bail to Delaware later...he 'canceled' Mondays trip so there is no way he is NOT going to get outta dodge later today
It is not on the schedule yet.
A video meeting with NATO has already habbened at 9am EST and he has not even rec'd the official daily briefing yet-that 'habbens' at 11:30am EST
Wouldn't you want the briefing BEFORE you talk to NATO?---nawwww that would actually be the right way to do it.
https://factba.se/biden/calendar
>>128008, >>128012 pb Mkt fag: Silver Action lately from a technical/historical standpoint
Mkt Fag: Derivatives and Silver price containement/JP Morgan and Hussein Admin used UBLs 'death' to manipulate
Here is some of how they control it (basically about the derivatives issue and the fight against it and how that led to the "crisis" in 2008)
The same cast of characters calling for regulations, cough Larry Summers-who is on the Epstein flight logs..oops.
Was written during the Hussein admin but still relevant nao cause it never got addressed or fixed..in fact it got MUCH worse. Also some color on the last rise of Silver after the 2008 'crisis' and what they did to profit and contain the price.
Cap#2-3 is current Ag and AU price-expect this to continue and the Gold/Silver ratio to rise
Brooksley Born, Derivatives, and Larry Summers
It's interesting what you run across when you're reading. Brooksley Born was an early hero in the attempt to warn the United States about the financial dangers of unregulated 'derivatives.' Here is information about her. Born was appointed to the CFTC (Commodities Futures Trading Commission) on April 15, 1994 by President Bill Clinton. Due to litigation against a company called Bankers Trust (hello former employee Jerome Powell-who was instrumental in transferring the Banker's Trust shitpile to Deutsche Bank..THAT is why he is the FRB Chairman nao) by major corporate clients, Born and her team at the CFTC sought comments on the regulation of derivatives, a first step in the process of writing comprehensive regulations. Born was particularly concerned about swaps, financial instruments that are traded over the counter between banks, insurance companies or other funds or companies, and thus have no transparency except to the two counterparties and the counterparties' regulators, if any. CFTC regulation was strenuously opposed by Federal Reserve chairman Alan Greenspan, Treasury Secretaries Robert Rubin and Lawrence Summers. On May 7, 1998, former SEC Chairman Arthur Levitt joined Rubin and Greenspan in objecting to the issuance of the CFTC’s concept release. Their response dismissed Born's concerns off-hand and focused on the possibility that CFTC regulation of swaps and other OTC derivative instruments would increase legal uncertainty of such instruments, potentially creating turmoil in the markets, and reducing the value of the instruments. Further concerns voiced were that the imposition of new regulatory costs would stifle innovation and push transactions offshore.
An economic and financial crisis affected US and world markets in 2008. As it gained momentum, newspapers began reporting on some of its possible causes, including the rejection of the CFTC's proposals and the adversarial relationship Greenspan, Rubin and Levitt had with Born. The disagreement has been described not only as a classic Washington turf war, but also as a war of ideologies as Greenspan and highly placed Clinton administration officials believed that, in large measure, the capital markets could be trusted to regulate themselves. Born declined to publicly comment on the unfolding 2008 crisis until March 2009 when she said: "The market grew so enormously, with so little oversight and regulation, that it made the financial crisis much deeper and more pervasive than it otherwise would have been." She also lamented the influence of Wall Street lobbyists on the process and the refusal of regulators to discuss even modest reforms. An October 2009 Frontline documentary titled "The Warning" described Born's failed efforts to control regulation of and bring transparency to the derivatives market, and noted the continuing resistance thereto. The program concluded with Born sounding another warning: "I think we will have continuing danger from these markets and that we will have repeats of the financial crisis -- may differ in details but there will be significant financial downturns and disasters attributed to this regulatory gap, over and over, until we learn from experience."
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In 2009 Born, along with Sheila Bair of the FDIC, was awarded the John F. Kennedy Profiles in Courage Award in recognition of the "political courage she demonstrated in sounding early warnings about conditions that contributed to the current global financial crisis". According to Caroline Kennedy, "...Brooksley Born recognized that the financial security of all Americans was being put at risk by the greed, negligence and opposition of powerful and well connected interests... The catastrophic financial events of recent months have proved them right. Although their warnings were ignored at the time, the American people should be reassured that there are far-sighted public servants at all levels of government who act on principle to protect the people’s interests."
Please notice in the above paragraphs who the 'villains' are: Larry Summers and Robert Rubin. Then please remember who Obama's main financial advisors have been, until just recently when Volcker began to surface. Bingo.
Now, why is that? Why was/is Obama so close to Rubin and Summers? Did he not know any of this background? Did he not understand the origins of much of the 2007-2008 financial/economic crash in speculation in derivatives? Obama is anything but stupid. He had to know what he was doing. So what was he doing, and why?
https://clindquist-rudeawakening.blogspot.com/2010/02/brooksley-born-derivatives-and-larry.html
So why is this important?
You may remember the rise in Ag/Au prices after the 2008 "crisis"-it actually got slammed down to just under $10 in 2009 then they started the rise to almost $50. They did this so JP Morgan could close out it's inherited (ala Bear Stearns B'ruptcy-totally manufactured btw) short position and go long on contracts and to buy physical SIlver. That huge short position that Bank of America has is because JP Morgan amassed a huge amount of physical during this process and went long on contracts (paper) at the same time. BofA leased physical from JP Morgans huge stockpile of physical silver that they got in the run up and run down on Ag-moar on when that advance was turned around with a very famous 'incident' below.
Enter in William Daley (yes THAT Chicago Daley family) who was named as Husseins' Chief of Staff in January 2011 and he was the hatchet man for what came next. He was brought in to manage the Silver problem as he also worked on the "hit squad" at JP Morgan managing the derivative and commodity manipulation (along with serial bitch Blythe Masters)-he has since tried to be Gov. of Illinois and then went to Bank of NY Mellon (yes that Mellon family) as Vice-Chairman for 4 months in 2019 and then went to current job as Vice Chairman of Public Affairs for Wells Fargo.
William Daley was only the Chief of Staff for one reason only to manage the silver legacy problem because he was there for one year and this is why....
The SIlver issue was getting out of hand (for them) so it was decided that JP Morgan needed to amass a huge physical position to offset what they inherited from the Bear Stearns bankruptcy (member it was originally going to be 'bought' for $2 a share and then raised to $10-someone famously taped a $2 dollar bill to the front door of Bear Stearns headquarters) and they also were aware of what the real value of silver was and that it could never be allowed to appreciate to that level so let's go to May 2011-specifically May 2, 2011 when Usama Bin Laden was "killed". They used that event to drop millions of ozs of paper silver on the COMEX as it was intentionally driven towards $50/oz-they were also laying on HUGE short postions on that rise. This habbened TO THE SECOND (see cap # that UBL was announced to have been killed because you needed an event to keep the eyes off that. It was also on a Sunday afternoon in a thinly traded market so it had a MASSIVE effect of killing any advance above the $49.5x level it was at-again intentionally driven there to lay on massive short positions to profit from what they had already planned to announce. Nevermid that USL (nee Tim Osman C_A stooge) died of renal failure in early 2002 or late 2001-depends on which source you believe.
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The retail trade of physical had also got out of hand as during the crisis (2008) and before people were waking up to the FIAT money problem and needed to find a storage of wealth-they started to go to physical silver. This was why JP Morgan needed to shake that tree to get that supply out of the hands (and into own) so the entire scheme of let's run it up and then slam it was done.
Now we have the same dynamic today but the price is being contained by the massive shitpile of derivatives (described above) but there are WAY moar people aware of this so I am looking for yet another event to occur to slam the price back down to repeat this same action. The problem now is that BofA is fucked with it's lease so they can't really run it to $50 unless they want to blow up that part of it. Yes they can just ignore the consequences of losing what amounts to about $1B on each rise in silver of $1-because the position is so huge that is what it equates to...on paper. The system did not get it's smackdown earlier this week in order to set the weekly price (that habbens on Tuesdays at 1:30pm EST every week) so they waited until yesterday to restart that process and it will continue until they get accomplished what they expected to do earlier this week. Namely smash the price down so they can try and extricate themselves from this short position. But they have a huge problem (already described before) this is a Physical short position that they have to deliver and they don't have it...it is leased from JP Morgan so they will need to find a big amount to settle this or find a willing partner to continue to roll this over. This part cannot be accomplished with COMEX contracts but they CAN still manipulate the price that way. The lower it goes the harder it will be for you (real people) to get hands on physical because the system is sucking up all the sales so it can "deliver" on this massive short position.
Go to any local coin shop and see the complete lack of supply or better yet witness the HUGE premiums on whatever the big dealers have "in stock" or what they are charging for 'on order' supply. You are effectively paying for the big dealers hedge cause they don't have it so they need a cushion in case it blows up. Smaller dealers will try to hedge on Fridays if they want to continue to take orders when the market is closed by using contracts on COMEX-it is very risky and it would not surprise me if we see many smaller dealers just shut down altogether because they can't afford the risk-or stop taking orders during closed session(s).
This is the bank KILLER because they made the decision long ago to use Silver as the industrial metal and once that was done there was no changing it. The short position has been going on for decades and will not stop until the criminal organization known as the CFTC is closed down and many firing squads are used-yes they DO deserve that.
There was an "investigation" into all this years ago but that was shut down by Gary Gensler-who is now the current SEC chairman
CFTC CLOSES INVESTIGATION, NO SILVER FRAUD FOUND
https://www.goldismoney2.com/threads/cftc-closes-investigation-no-silver-fraud-found.52698/
Bottom Line: expect the problems getting hands on physical silver whether price moves up or down-increased delivery times for orders you have to pay for and even larger premiums when the price moves a lot in either direction-simply put the system doesn't have it and is telling you that with the lack of fair pricing
NATO01 E-3TF Sentry AWACS on Polish/Ukraine border
kek
of course he says that..
from Feb 4th
Stoltenberg to become Norway's next central bank governor
https://abcnews.go.com/International/wireStory/stoltenberg-norways-central-bank-governor-82668257
New SEC short sale rules would force investors to submit updates each month
The Securities and Exchange Commission said Friday that it’s considering a new rule and changes to existing regulations that would force short sellers to make more frequent disclosures about their bets.
Must keep it going UP-blame those ebil short sellers cause they are the problem not the over-leveraged long cheerleaders you enable
Wall Street’s top supervisor said the proposed changes would require institutional investors to collect and submit certain short sale data to the SEC each month. The commission would then make aggregate data about large short positions, including daily short sale activity, available to the public for each security.
When short selling, a trader who wants to bet against a company borrows shares of its stock and then sells them on the market. The trader will in theory buy those shares back at a lower price later and return them to the brokerage or asset manager that lent them the equity. Asset managers lend those shares to short sellers in exchange for regular fees.
However they rarely mention the fact that this is not done within the rules and a massive amount of short positions are 'created' see naked short selling
“I am pleased to support this proposal because, if adopted, it would strengthen transparency of an important area of our markets that would benefit from greater visibility and oversight,” SEC Chairman Gary Gensler said in a press release.
The proposed changes to Regulation SHO, a collection of SEC rules on short selling, would keep the identities of managers and individual short positions confidential.
Sure Gary...everyone knows the books on everyone else so that is total bullshit
Gensler noted in his remarks that the new rulemaking would apply to institutional managers who hold a short position of at least $10 million or the equivalent of 2.5% or more of the total shares outstanding. “It’s important for the public and the Commission to know more about this important market, especially in times of stress or volatility,” he added. “The proposed rule would help the Commission address future market events, striking a balance between the need for transparency and the price discovery process.”
The newly proposed rules are the latest attempt by the SEC to magnify its oversight of the practice, which has been blamed by lawmakers in recent years for causing wild and dangerous price swings on Wall Street. The practice came under scrutiny in early 2021 when individual investors banded together on social media to juice stocks like GameStop that had garnered heavy interest from short sellers.
Late last year, the SEC proposed a rule that would require brokerages and asset managers that lend securities to short sellers to report data on each loan to an oversight body like the Financial Industry Regulatory Authority within 15 minutes of making the loan. The SEC said it is extending the public comment period on that rule in light of its latest rule change proposals.
They did the SAME thing with the silver manipulation investigation and then threw it all away-FUCK YOU GARY
https://www.cnbc.com/2022/02/25/new-sec-short-sale-rules-would-force-investors-to-submit-updates-each-month.html
Didi the same shit in 2005
Regulation SHO
Regulation SHO is a set of rules from the Securities and Exchange Commission (SEC) implemented in 2005 that governs short sale practices. Regulation SHO established "locate" and "close-out" requirements aimed at curtailing naked short selling and other practices. Naked shorting takes place when investors sell short shares that they do not possess and have not confirmed their ability to possess.
https://www.investopedia.com/terms/r/regsho.asp
The problem isn't with a regulation...it has always been ZERO enforcement of it.
See Deep Capture
enclosed .pdf
saw something that chernobyl 'disaster' was created so they could turn it into a huge DEW or like a HAARP weapon.
Din't look into it an dunno how accurate that is but seen't
High level AC 'dis
SAM293 USAF G5 departed Miami Int'l after an overnight
This AC departed Comayagua, Honduras yesterday after arriving on 0223
This is where kneepads went for the 'swearing in' on the new Honduran President a few weeks ago.
Seen C-130s and C-17 in here before
They just can't stop pushing out shit
>didn't we just chat about dis?
Why yes....yes we did
They just cannot change the story
always "ready to help"
What about all the people in Donbass for the last 15 years..
They don't matter.
Only the "chosen"
check yer ears
>>127830 lb
Turkish AF TUAF604 A400M departed Rzesow Airport, Poland after a 3 hour ground stop
This is where NATO has been staging troops and weapons-many examples over last two weeks-check the pf reports
Guess we know which side the Turkish military is on.
See above link for the A400ms into Kyiv just prior to the "Show" starting on Weds night (CONUS) time
lettle better after rest but prolly not here for long.
Watching wut going on
Now VP has health" issues..sanctions on him and Lavrov personally
It gets better every hour.
Gotta love that.
>>128008, >>128012 lb Mkt fag: Silver Action lately from a technical/historical standpoint
>>128059, >>128060, >>128061 Mkt Fag: Derivatives and Silver price containment/JP Morgan and Hussein Admin used UBLs 'death' to manipulate
$25.25B in Silver "traded" on the COMEX on February 24th
For the visually inclined this is exactly what was dropped on the COMEX Silver Futures yesterday-February 24th-cap#2
204,046 contracts "traded" which at 5,000/ozs per contracts is equivalent to 1,020,230,000 ozs of SIlver traded on ONE DAY.
Can't give you an exact dollar amount as that varies with a pretty wide range so let's just take the mid-point from yesterday and call it an average price of $24.75
At the price of $24.75 with 1,020,230,000/ozs gives you a total of...$25,250,692,500
Keep in mind that the annual Silver production in 2020 (in ounces) was 881,849,000
and 2021 (still don't have that yet it) it was estimated to be about 918.3B/ozs
So moar than the entire amount mined for a year "sold" in one day.
All you need to do is look at the chart-cap#2 to see this occurs on a fairly regular basis.
https://www.cmegroup.com/markets/metals/precious/silver.volume.options.html#optionProductId=458
Also the very same organization that is supposed to enforce the rules on the COMEX here will be put in charge of Cyptos too
from Feb 17
Crypto should be regulated by CFTC, not other agencies: Ex-official
https://www.msn.com/en-us/money/markets/crypto-should-be-regulated-by-cftc-not-other-agencies-ex-official/ar-AAU0qCH
Some background on ETF's and why you don't want them for any other reason than a short-term trading vehicle-cause they don't have it either..
Mkt Fag: ETF's and Physical metal: Gold and Silver
This methodology can be applied to virtually ALL of the ETF products out there. Some background of process and stated ownership (custodial) . Blackrock is LARGE in this space with trillions tied to ETF's. Larry Fink COB/CEO and his handler's et al deserve a special place in hell for all this too. You own real hard assets if you purchase physical. You own pieces of paper that promise you can have it later. This is the fallacy that the system has created to make you get muh feels that you are protected from any systemic problems the system has. Understand that these products that are in retirement account(s), brokerage accounts, managed money accts etc. They are nothing moar then a promise to get in a very LONG line should you actually need this protection. The contracts that trade on the COMEX are also this way. You are buying a paper delivery promise to own the metal(s) that is not backed by anything but it's input price and that is taken from the spot price-. These are ok if you want to capture movements with the daily prices. They are NOT going to give you anything physical when it all goes tits up.
Exchange Traded Funds or ETF's are a vehicle to capture any given movement of an asset class. These grew like weeds starting in 2006. They are hundreds of them that "track" market index(s), commodity's, bonds, currency-anything that is offered for trade. Now in the case of metals ETF's the major ones are: GLD (SPDR Gold Trust), IAU (ishares Gold Trust) for Gold and SLV (ishares Silver Trust) and SIVR (Aberdeen Standard Physical Silver Shares) for Silver- There are several moar in each and also have products that use leverage against the spot prices (2-3x of movement up and down) but those are the big ones based on the total amount of 'assets' placed in both. They key point of this is what you own. You own NOTHNG…all you own is a piece of paper that SAYS you can stand for delivery at an agreed upon call date. The price for these products are derived from the Chicago Mercantile Exchange or COMEX and use the spot prices you see displayed on any ticker that tracks that pricing input. Kitco is but one. In the case of iShares these are owned by Blackrock and they are the custodian of the metal that are supposed to be in these things. They do not have it. Larry Fink is the CEO of Blackrock and Cheryl Mills sits on the BoD as well. What they do is create fake reports that basically say "we have moved this amount in or out of the trust" to reflect the movement of daily prices. See Cap #3 for the process of how they report it habbens…it is COMPLETE FABRICATION
It's nothing moar then a way to make it seem they are moving real metal around and satisfying the duties they have as custodians. If they truly did this in the way it is reported you would see real physical evidence of it being moved around-like a few trucks here and there…you don't. Recall the 911 event when the gold was taken out of the WTC complex afterwards. They had all these trucks lined up to "clean it up" what they really did was loot the gold that was stored in the complex. Think about it- if you did not know that was going to habben how could you amass a small army of trucks and put it on stand-by waiting to "clean it all up"? This goes back to Barrick gold and a few other mining companies too-not enough space to get in to that.
SAM242 USAF G5 east after an overnight at Peterson AFB
643kts (ground speed) equates to roughly 740mph
Speed of sound is 761mph.....
Big tail wind for sure but still haulin' ass big time
5:30pm EST The President and The First Lady depart the White House en route New Castle, Delaware
>Joe is going to bail to Delaware later...he 'canceled' Mondays trip so there is no way he is NOT going to get outta dodge later today.
>It is not on the schedule yet.
Knew it!!!
Too easy Joe...
Looks like it was a helo straight to New Castle Cty Airport-no "deprats to Andrews"
https://factba.se/biden/calendar
No tanker visible over Delaware either...
Romania then-lotsa assets already there and been several C-17's in/out at Constanta AB.
Stolentenberg visited last week
Bulgaria also spook central
Russian AF RFF RSD032 Special Flight Detachment Rossiya 34 Tupolev 214 east from Moscow and switched off entering Stanstanistan airspace
Looks like it's heading to Astana
kek
Wut a retard
Morning CONUS look
SAM464 USAF C-32A nw from JBA depart
German AF GAF363 A400M from Dulles to Dover AFB
No tanker over Not AF1 Joe is visible
Late afternoon Yerp look
Looks similar to last two days
Romania/Bulgaria:
German AF GAF617 A400M and NACH0223 USAF DC-10 tanker on the trtack northof Bucharest
DUKE26 US Army C-560 nw from Sibiu, Romania
DUKE63 US Army C-560 nw from Sophia, Bulgaria
Poland:
REDEYE6 USAF RC-135 Joint STARS trackin with NATO02 E-3TF Sentry AWACS on Poland/Ukraine border
LAGR133 USAF KC-135 Stratotanker trackin'
Two Dutch AF tankers MMF18 and 19 over central and western Poland
RAF RRRR7236 RC-135 Rivet Joint west after being on the track in the same area as NATO02 AWACS
Polish AF PLF116 M-28 Skytruck north from Rzesow Poland (where NATO has been stashing all the troops/weapons with the C-17 flights inbound from Bragg
DUKE28 US Army Super King AIr sw from Kaunas, Lithuania
REDEYE6 and RRR7236 look like they are done and heading back to base
Planefag on this "ghost of Kyiv" thang
Given the size of Ukraine >>128117
and the "theater" of operations-ever wonder why no one asks why they call it a theater.?..-another topic-it is highly unlikely this habbened they way it is being presented.
They need a hero and it is likely (highly!) and I will go as far as to say that it is totally made up so that they have something to cling to.
There is ZERO confirmation or footage of this actually habbening. Now there has been plenty of footage showing Air ops over Ukraine but NONE of it has been 100% confirmed as being part of this obviously manufactured event.
Even military people on y/t jumped all over this without so much as a care about getting some confirmation that it actually existed-there were some I saw that presented it fairly as in this is what is being reported but did not go full retard and say it was true.
Here why it is bullshit:
One pilot was able to take out 6 ACs that were receiving INTEL on wut was left of the Ukrainian AF and it's supporting structure and had the ability to operate basically unmolested, land and refuel/re-arm without the benefit of an already shattered Ukrainian Air Defense System and continue to "take-out" fully supported and highly competent/trained pilots??
GTFO
I'm sure someone has already optioned the rights for a screenplay or book about it already cause that is just what they do.
62-3578 USAF KC-135 Stratotanker over Not AF1 Joe is 'at Delaware' position
Love the language here:
10am EST The President and The Vice President participate in a secure call with their national security team to discuss the latest developments in Ukraine and Russia’s premeditated, unprovoked, and unjustified attack
https://factba.se/biden/calendar
No "Daily Briefing" again and 'lid' called at 12pm EST
Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output
Iraqi oil production was suspended from two fields in the country’s south with a combined capacity of 480,000 barrels-a-day.
The shutdowns curtail the ability of OPEC’s second-largest producer to pump oil after several member nations undershot their targets in recent months. That’s hampered the group’s attempts to ramp up production halted during the pandemic, and fanned the surge in global prices. Thiqar Oil Co. said it halted work at the Nasiriya field because of protests that prevented its staff from reaching the site on Saturday. The field is able to produce as much as 80,000 barrels of crude daily.
The West Qurna-2 field stopped producing on Feb. 21 for an upgrade that will increase its capacity. The field is scheduled to resume pumping on March 14, though the companies that run it are trying to restart output sooner. West Qurna-2 can produce as much as 400,000 barrels-a-day currently, which will be increased by 50,000 barrels through the upgrade. Iraq produced slightly less than the 4.3 million barrels-a-day it was allowed to pump in January. This was because of adverse weather at the country’s oil exporting ports last month and the country should meet its February quota, Oil Minister Ihsan Abdul Jabbar said earlier in the week. Iraq has repeatedly said it is able to produce as much as 5 million barrels-a-day, and the operators of Nasiriya and West Qurna-2 have said nearby fields will be able to pump extra to compensate for the temporarily-unavailable capacity. But months of under-production by several key members of the OPEC+ alliance has shone a spotlight on laggard countries and called into question the ability of the group to meet its overall production objectives.
Oil prices surged after Russia invaded Ukraine on Thursday, raising the pressure on the Organization of Petroleum Exporting Countries and its partners which include Russia to keep global oil markets in check when they meet virtually on March 2 to decide on output limits for April.
https://www.bnnbloomberg.ca/iraq-shuts-down-two-oil-fields-further-curtailing-opec-output-1.1729155
Berkshire’s operating earnings surge as Buffett repurchases record $27 billion in stock during 2021
Berkshire Hathaway’s operating profits surged in the fourth quarter and for the full year as the conglomerate’s businesses continued to roar back to life from the pandemic economic slowdown. Chairman Warren Buffett increased his bet on that comeback, buying back a record amount of Berkshire shares in 2021.
The company’s operating earnings — which encompass profits made from the myriad of businesses owned by the conglomerate like insurance, railroads and utilities — totaled $7.285 billion in the fourth quarter of 2021, according to a company release posted Saturday. That’s up roughly 45% from the year-earlier period’s profit of $5.021 billion. For the year, Berkshire’s operating earnings totaled $27.455 billion. That’s up 25.2% from 2020′s $21.992 billion. Berkshire used $6.9 billion to buy back shares in the fourth quarter, bringing the total in share repurchases to approximately $27 billion for 2021. That’s a record amount and up from the $24.7 billion repurchased as the pandemic raged in 2020. However, the fourth-quarter buyback pace was a bit slower than the $7.6 billion repurchased in the third quarter. Despite these aggressive buybacks, Berkshire’s cash hoard at the end of 2021 stood at about $146.72 billion. That’s down only slightly from a record $149.2 billion at the end of the third quarter. Buffett explained in his accompanying annual shareholder letter that he and Vice Chairman Charlie Munger found little that “excites” them in terms of big acquisitions that was once their hallmark. Instead, the pair increasingly finds share repurchases as the best way to deploy cash at this time. “Through that simple act, we increase your share of the many controlled and non-controlled businesses Berkshire owns,” Buffett wrote in the letter. “When the price/value equation is right, this path is the easiest and most certain way for us to increase your wealth.”
Overall earnings, which reflect Berkshire’s fluctuating equity investments, came in at $39.646 billion for the quarter. That’s up about 10% from the year-earlier period of $35.835 billion. However, Berkshire tends to downplay the importance quarterly changes in the company’s investment gains or losses. “The amount of investment gains/losses in any given quarter is usually meaningless and delivers figures for net earnings per share that can be extremely misleading to investors who have little or no knowledge of accounting rules,” Berkshire said.
Earnings from Berkshire’s railroad, utilities and energy business jumped 12.3% to $2.241 billion from $1.995 billion a year earlier. Meanwhile, Berkshire’s insurance-underwriting business earned $372 million after losing $299 million in the fourth quarter of 2020. The earnings report came as Berkshire’s B shares broke out to a record high this year, up nearly 7%. Full-year overall earnings came in at $89.795 billion, more than double 2020′s total of $42.521 billion.
https://www.cnbc.com/2022/02/26/berkshire-hathaway-brk-earnings-q4-2021.html
Evergrande sells 4 projects to Chinese state-owned enterprises
China Evergrande Group on Friday announced the sale of rights to four development projects to state-backed trust companies, as the cash-strapped company seeks opportunities to bolster its finances.
The projects, which include condominiums and a theme park, will be taken over by Minmetals International Trust, a subsidiary of state-owned resource company China Minmetals, and Everbright Xinglong Trust, part of the state-owned China Everbright Group. Evergrande will retain some rights. The deal will enable Evergrande, the world's most indebted developer, to settle 7.01 billion yuan ($1.11 billion) in liabilities related to the projects and recover 1.95 billion yuan of its initial investment, the company said. "The contribution amount recovered will have a positive impact on the Group's efforts in both debt settlement and [the] guarantee of property delivery of other projects," Evergrande said. The company has faced delays in handing over property to buyers and paying construction costs.
Since Evergrande's debt woes surfaced, the developer has been working on selling in-progress projects to weather the crisis. It had ranked among China's top investors in new projects every year, and as a result, now has numerous half-finished projects scattered throughout the country.
https://asia.nikkei.com/Business/Markets/China-debt-crunch/Evergrande-sells-4-projects-to-Chinese-state-owned-enterprises
cap#1 is interest payment schedule through 2024
#865 Update
>>128046, >>128047, >>128062, >>128072, >>128094, >>128100, >>128120, >>128150, >>128151, >>128153 pf rreport(s) Friday action over Yerp and CONUS, Russian Special Flight Detachment to Astana plus a look at CONUS on Sat morning and Yerp at it's late afternoon time, TAnker over BOTUS 'at Delaware'
>>128048 U.S. Officials Repeatedly Urged China to Help Avert War in Ukraine nytimes + Q drop #140
>>128049, >>128112 BOTUS schedule-speculation he will leave to Delaware-and then does but no tanker above
>>128050 Russia Driving Sweden and Finland into the Arms of NATO-ineptocracy
>>128057 Sen. Inhofe to retire early and trigger special election: report-rsbnetwork
>>128059, >>128060, >>128061 Mkt Fag: Derivatives and Silver price containment/JP Morgan and Hussein Admin used UBLs 'death' to manipulate
>>128063, >>128064, >>128065, >>128067, >>128068 NATO Secretary General: "The world will hold Russia and Belarus accountable for their actions. Russia as the aggressor, Belarus as the enabler." and he sez dis cause he out the door soon
>>128066 In look here financial news: New SEC short sale rules would force investors to submit updates each month-cnbc +Deep Capture .pdf
>>128074, >>128076, >>128077 Israel prepares to receive thousands of Jews from Ukraine-middleeastmonitor didn't we just chat about dis?- yes we did
>>128086 The start of ops in Ukraine
>>128098 Mkt Fag submits proof of rigging: $25.25B in Silver "traded" on the COMEX on February 24th
>>128107 "borrow it from Pfizer" on WH asking for moar money re: Ukraine-Soc. Media
>>128109, >>128110, >>128113, >>128114, >>128116, >>128118 US ready to evacuate Russia’s target no. 1 in Ukraine, President Zelensky - WaPost and some speculation
>>128117 Graphic: Ethno-linguistic map of Ukraine
>>128125 keks: "Ghost of Kyiv" identity revealed...How does he do it!
>>128137 Kash Patel: Interdasting write up by Patel few hours ago: Here’s my take on what’s happening in Ukraine/Russia.-soc. media
>>128141 Boatfag report:Russian Drill ship BAVENIT off the western coast of Sicily, broadcasting for other vessels to keep clear 0.5 nautical miles
>>128152 Planefag on this "ghost of Kyiv" thang
>>128156 Iraq Shuts Down Two Oil Fields, Further Curtailing OPEC Output-bnnbberg
>>128158 Berkshire’s operating earnings surge as Buffett repurchases record $27 billion in stock during 2021-cnbc
>>128159, >>128160 Evergrande sells 4 projects to Chinese state-owned enterprises-nikkei
morning
sorry about that
din't see dhat until too late
hangin' here foreer
agree
We just din't know it wasn't really that boring 'cause it just sorta melted into one thing after another
you wanna bake it or let it go?
yer call
afternoon/morning
doing ok
wut they do this time?
kek
you two decide re: bake
we got a big enouf bun and it's been going since yesterday imo
imma good if ya bake as over 24 hours