>>21047482

ARCHIVING - TRUMP RALLY IN RACINE, WISCONSIN 18TH JUNE 2024 !!!

Note:dough below to rally notes

https://controlc.com/e180c06a

LIVE: President Trump Delivers Remarks in Racine, Wisconsin - 6/18/24

djt rumble channel.

https://rumble.com/embed/v4zszq8/?pub=4

Right Side Broadcasting Network

https://www.youtube.com/watch?v=Osf0GndSCs0

-—-

President Trump: Joe Biden is humiliating our country on the world stage…he wondered off the G7 in Europe…he said the media is manipulating the pictures of him constantly not knowing where he is.

President Trump: In the middle of the largest border invasion in world history…Joe Biden is going to formally grant a mass-amnesty to millions of illegals who came into our country…Crooked Joe is sending a message to the world that he rewards illegal entry

President Trump: Our country is under invasion; we should not be talking amnesty, we should be talking about stopping the invasion instead.

President Trump: They're trying top use all of these people that are pouring into our country to vote…they are trying to register them to vote…Joe Biden wants to be the president for illegal aliens.

President Trump: If you take a look at our real inflation…I think inflation is at forty to fifty percent.

DJT ~ there's something crazy in the water

President Trump: Unlike me, Joe Biden isn't fighting for the working people, he's fighting for all the corrupt interests that get rich off the suffering of the middle-class, and he's fighting for China, and he's fighting for lots of other countries.

President Trump: He [Biden] sent our blood and treasure to back regime change in Iraq, regime change in Libya, regime change in Syria, and every other globalist disaster for half a century.

President Trump: The outrageous charges in New York were a corrupt creation of Crooked Joe Biden and his group, and they really weaponized; what they did is they weaponized the Department of Justice, they weaponized all of the White House. What they did is disgraceful. It was all planned and carried out by his thugs in Washington, giving orders to New York…the case was completely devoid of facts, merit, or even any crimes.

djt: president abe, he was great, he was a friend of mine, he was assassinated.

he was going to run again, they took him out. he was great guy.

>>21045576 djt: do you think biden can remember 5 6 7 8 (qdrops link)

President Trump: BY this time next year, America's borders will be strong, and sealed, and secure. Inflation will be in full retreat. Our economy will be roaring back. Optimism and spirit will be surging. The American Dream will be thriving again for citizens of every race,m religion, color, and creed. Law and justice will reign all throughout our land. Freedom will be restored. The flame of liberty will be burning bright. Joe Biden, the worst president in the history of our country, will be a fading nightmare…and our great silent majority, including the once forgotten men and women of our country, will be the ones shaping America's magnificent future, when I am the forty-seventh president of the United States of America.

>>21045761 djt: israel shot down 3000 missiles. (Qdrop 3000)

And we will make America Great Again hold on i'm coming music play

>>21045667 Q+ stopped speaking at 5:48 PM EST

>>21047560

FULL ARTICLE - FROM FIRST IMPRESSIONS, THIS IS A CONSOLADATION OF ASSETS BY BLACKROCK AND FURTHER CONTROL - DEBT IS FOR CHUMPS

https://www.zerohedge.com/markets/music-just-stopped-banking-giant-norinchukin-liquidate-63-billion-treasuries-and-european

The Music Just Stopped: Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses

Tyler Durden's Photo

BY TYLER DURDEN

WEDNESDAY, JUN 19, 2024 - 03:20 AM

Last October, when the wounds from the March 2023 bank failures - which surpassed the global financial crisis in total assets and which sparked the latest Fed intervention, setting the market's nadir over the past 16 months - were still fresh, we made a non-consensus prediction: we said that since the Fed has once again backstopped the US financial system, "the next bank failure will be in Japan."

Next bank failure will be in Japan >https://t.co/51eCSNZeIh

— zerohedge (@zerohedge) October 3, 2023

This prediction only got warmer two months later when, inexplicably, Japan's Norinchukin bank, best known as Japan's CLO whale, was quietly added to the list of counterparties for the Fed's Standing Repo Facility, a/k/a the Fed's foreign bank bailout slush fund.

The Norinchukin Bank, New York branch has been added to the list of Standing Repo Facility Counterparties, effective Dec. 1

great, the Fed is now bailing out Japan's CLO whale.

Can someone please bug the next dinner at Centralbahnplatz 2 18th floor dining room

— zerohedge (@zerohedge) December 1, 2023

But if that was the first, and still distant, sign that something was very wrong at one of Japan's biggest banks (Norinchukin is Japan's 5th largest bank with $840 billion in assets) today the proverbial canary stepped on a neutron bomb inside the Japanese coalmine, because according to Nikkei, Norinchukin Bank "will sell more than 10 trillion yen ($63 billion) of its holdings of U.S. and European government bonds during the year ending March 2025 as it aims to stem its losses from bets on low-yield foreign bonds, a main cause of its deteriorating balance sheet, and lower the risks associated with holding foreign government bonds."

See, what's happened in Japan is not that different from what is happening in the US, where as the FDIC keeps reminding us quarter after quarter, US banks are still sitting on over half a trillion dollars in unrealized losses, as a result of the huge jump in interest rates which has blown up the banks' long-duration fixed income holdings, sending them trading far below par and forcing banks (and the Fed, see BTFP) to come up with creative ways of shoving these massive losses under the rug.

And while Japanese rates have barely budged - the BOJ only just raised rates for the first time in decades in April - the move is already cascading into the form of huge losses for domestic banks, which have been hammered twice as hard due to their holdings of offshore debt which until 2021 was viewed as risk free, only to blow up in everyone's face two years ago when the bull market since the early 1980s ended with a bang.

Enter Norinchukin: according to the Nikkei, the company's net loss for the year ending March 2025, which was previously forecast to top 500 billion yen, will rise to the 1.5 trillion yen level with the bond sales.

"We plan to sell low-yield [foreign] bonds in the amount of 10 trillion yen or more," Norinchukin Bank CEO Kazuto Oku told Nikkei, an amount just above $60 billion.

The bank, which previously was best known for being one of the world's most aggressive CLO investors - buys securities out of pension funds deposited by agriculture, forestry, and fisheries concerns.

Facing a problem that is very familiar to all US banks, Oku said the bank "acknowledged the need to drastically change its portfolio management" to reduce unrealized losses on its bonds, which totaled roughly 2.2 trillion yen as of the end of March. Oku explained bank's intention to shift its investments, saying, "We will reduce [sovereign] interest rate risk and diversify into assets that take on corporate and individual credit risk."

Now, if Nochu, as it is affectionately known by bankruptcy lawyers, was a US bank circa one year ago, it would not have to sell anything: it could just pledge all of its sharply depreciated bonds at the Fed's BTFP facility, and get a par value for them.

CONTINUED

>>21047560

>>21047693

Unfortunately, Nochu is not US but Japanese, and it is not 2023 but rather 2024, when the high-rate disaster of 2023 was supposed to be over. Supposed to be… but instead it's only getting worse. Regular readers will hardly need it, but for novices Nikkei gives the following quick primer: "Interest rates in the U.S. and Europe have risen and bond prices are down. This reduced the value of high-priced (low-yielding) foreign bonds that Norinchukin purchased in the past, causing its paper losses to swell."

So faced with no other options, Nochu is doing the only thing it can: an orderly liquidation of tens of billions of securities now, when they are still liquid and carry a high price, in hopes of avoiding a disorderly liquidation and much worse, in a few months when the bond market freezes up.

And yes, the Japanese rates canary is quite, quite massive: as of the end of March, Norinchukin had approximately 23 trillion yen of foreign bonds (about $150 billion), amounting to 42% of its total 56 trillion yen of assets under management.

To get some sense of the scale, according to the Bank of Japan, outstanding foreign bonds held by depositary financial institutions amounted to 117 trillion yen as of the end of March. Norinchukin, which is a major institutional investor in Japan, holds as much as 20% of the total on its own! And those asking, yes: once Nochu begins selling, all others will have to join the club!

But why start the selling now? Because, as we warned last October when we predicted that the next bank crisis will be in Japan, the Japanese mega-bank now believes interest rate cuts in the U.S. and Europe are likely to take longer than it previously expected, it will try to significantly cut its unrealized losses by selling foreign bonds in fiscal 2024.

And so, Norinchukin plans to sell over 10 trillion yen in foreign bonds, in addition to its normal trading activities.

The rest of the story is filler: in attempt to divert attention from the 10 trillion yen elephant in the room, the Nikkei then wastes time discussing the bank's other "alternatives" to wit:

The company is now considering investment alternatives, including equities, corporate bonds, corporate loans and private equity, as well as securitized products such as corporate loan-backed securities and mortgage-backed securities. By diversifying its portfolio, it aims to prevent unrealized losses from expanding to the point where they become a concern for management. It will also try to replace some low-yielding foreign government debt with other such bonds offering higher interest rates.

What are you talking about? What diversification? Once the selling begins, the bank will be lucky if it can get even a fraction of the proceeds it hopes for (because all the other banks won't just be standing there twiddling their thumbs, as they wait to see how massively Nochu reprices the market).

CONTINED

>>21047560

>>21047693

>>21047702

And it's not just banks: if and when the selling begins by a bank that holds 20% of all foreign bonds in Japan, the liquidation cascade will quickly spread to Mrs Watanabe. According to the U.S. Treasury Department, Japanese investors held $1.18 trillion of U.S. government bonds as of March, the largest slice among foreign holders.

Needless to say, but the Nikkei does so anyway, "Massive sales by Norinchukin could have a sizable effect on the U.S. bond market."

And since we now know what is happening, it is only a matter of time before everyone else frontruns Norinchukin.

What happens next will be even uglier: since the bank will no longer be able to mask its fixed income losses under the guise of accounting sleight of hand, the bank's financial results for the period ending March 2025 will "deteriorate significantly as a result of the huge divestment of foreign bonds and turn paper losses into real ones." As of May, Norinchukin put its final loss at more than 500 billion yen, but this is now expected to reach the 1.5 trillion yen level.

A little more context: back in the immediate aftermath of the global financial crisis, in the year ending March 2009, Norinchukin posted a final loss of about 570 billion yen due to impairment of securitized products. The forecast loss for this fiscal year is expected to top the previous record by roughly 1 trillion yen. Nevertheless, Oku said that putting the losses on the books in the year ending next March will "improve [the bank's] finances and portfolio, thus enabling to move into the black in the period ending March 2026."

Spoiler alert: no it won't… and that's why the bank is now scrambling to share the pain with even greater fools, i.e., "investors."

According to the Nikkei, Norinchukin Bank is considering raising 1.2 trillion yen to shore up its finances. It has already started discussions with Japan Agriculture Cooperatives, one of its main investors, and others. Of course, the question of who in their right mind would lend the bank good money to plug an even bigger hole that is about to open up, is anyone's guess.

But that won't stop the bank from doing what it has to, now that it has picked the liquidation route: and once the selling flood begins, it won't end as these flashing red headlines from Bloomberg just confirmed:

*NORINCHUKIN TO SELL US, EUROPEAN SOVEREIGN BONDS GRADUALLY

*NORINCHUKIN ALSO WEIGHS LOCAL, OVERSEAS BONDS, PROJECT FINANCE

*NORINCHUKIN EYES ASSETS INCLUDING CLOS, STOCKS AFTER BOND LOSS

There's a name for this: a firesale, but - drumroll - a "gradual" one, because that's how firesales supposedly go in Japan.

Luckily, the one thing nobody has to guess, is what happens next: as the wonderful movie Margin Call laid out so very well, once you realize that the music has stopped, you have three choices: i) be first, ii) be smarter, or iii) cheat. In the case of Japan's Norinchukin, it has decided the time has come to liquidate before everyone else. We wonder how "everyone else" will take this particular news…

end

>>21047560, >>21047693, >>21047702, >>21047711 Japan Banking Giant Norinchukin To Liquidate $63 Billion In Treasuries & European Bonds To Plug Massive Unrealized Losses - Zerohedge insight on treasuries and e.u bonds liquidation in japn 5th largest bank

>>21047726

Standing Repo Facility Counterparties,

The Standing Repo Facility (SRF) is a permanent repo facility established by the US Federal Reserve to provide liquidity to the financial system. The facility allows eligible counterparties to borrow cash from the Fed against high-quality collateral, such as U.S. Treasury securities and agency debt securities.

Eligible Counterparties:

The following entities are eligible to participate in the SRF:

Primary dealers: Banks and securities firms that are primary dealers in U.S. government securities

Banks: State and federally chartered banks and savings associations

Savings associations: Federally insured savings associations

Other financial institutions: Other financial institutions that meet the Fed’s eligibility criteria

Key Features:

The SRF provides overnight repo funding to eligible counterparties at a rate set by the Fed

The facility is designed to provide a backstop to the Treasury repo market and to help maintain liquidity in the financial system

Counterparties must provide high-quality collateral to access the facility

The Fed sets the terms and conditions of the facility, including the interest rate and collateral requirements

Notable Counterparties:

Primary dealers: These include major banks and securities firms that are primary dealers in U.S. government securities, such as JPMorgan Chase, Goldman Sachs, and Morgan Stanley.

Banks: Major banks that are eligible to participate in the SRF include Bank of America, Citigroup, and Wells Fargo.

Savings associations: Federally insured savings associations, such as the Bank of America’s savings bank subsidiary, are also eligible to participate.

Conclusion:

The Standing Repo Facility is an important tool for maintaining liquidity in the financial system and providing a backstop to the Treasury repo market. The eligible counterparties listed above are among the many institutions that can participate in the facility, providing them with access to overnight repo funding at a rate set by the Fed.

>>21047985

>>21048004

is king

>>21048035

A CONTENT PRODUCER WHO ANON RECOMMENDS - THE THOUGHTS ARE OF MEN ON A MISSION - RICHARD THE FOURTH !!!

Anon has been watching this channel and he thinks like this anon, In God We Trust, with honour, integrity and be a man of your word, above all, your soul is not yours to give away, protect it at all costs.

==

Which Way Western Man?

https://youtu.be/CBRehWV-dns

>>21048062

>>21048067 ←your answer gives you away.

something anon has been seeing about kier starmer saying about his father.

those who are londoners especially cockneys use terms like like don't be a fucking tool is completely lost on kier as he lives in the islington bubble of london.

for anons in the usa, a meme and a description of what tool means by a.i, but in anons old life, it was a insult, as saying your father was a tool maker is literally admiting what a useless cunt his father produced.

--—

Tool slang

In various contexts, the term “tool” is used as a slang expression to describe someone who is easily manipulated, used, or controlled by others. The meaning of “tool” can vary depending on the context and region.

Common meanings:

Easily manipulated: A person who is gullible, naive, or lacks self-awareness, making them susceptible to being used or manipulated by others.

Insecure or socially inept: Someone who is overly concerned with their appearance, behavior, or social status, often trying too hard to fit in or impress others.

Used as a derogatory term: A person who is seen as annoying, obnoxious, or annoyingly self-absorbed.

Examples:

“He’s such a tool for always trying to impress everyone with his fake smile.”

“Stop being a tool and just be yourself.”

“He’s a tool for always buying expensive gifts for his girlfriend.”

Regional variations:

In the United States, “tool” is often used to describe someone who is insecure or trying too hard to fit in.

In the UK, “tool” can also refer to someone who is easily manipulated or used.

In Australia, “tool” is sometimes used to describe someone who is seen as annoying or obnoxious.

Etymology:

The term “tool” has its roots in the 17th century, when it was used as a euphemism for the male sex organ. Over time, the term evolved to take on different meanings, including the current slang usage.

In conclusion:

The term “tool” is a versatile slang expression that can be used to describe someone who is easily manipulated, insecure, or annoying. Its meaning can vary depending on the context and region, but its usage is often used to convey a sense of annoyance or frustration towards someone’s behavior.

>>21048166

==05:55:55==

timestamp and ebil dubs chek'ed 5:5