Eggg yolk, what is happening and good with
my people, who I like to call the viewers
of the tube!
Let me introduce myself as Tyler, and you
just entered the crypto focused channel that
brings abrupt chaos every single episode,
just like the slavs do in their daily lives…you
know how we stop, drop, and roll.
It’s time for Chico Crypto!
Well, I have to cover it...as the news wasn’t
released when I shot my video yesterday.
The markets went up yesterday, all around,
stonks and crypto included because the FED
announced that one of their newly created
purchasing facilities would begin yesterday,
buying up to 250 billion dollars worth of
individual corporate bonds.
It came from a press release titled “Federal
Reserve Board announces updates to Secondary
Market Corporate Credit Facility (SMCCF),
which will begin buying a broad and diversified
portfolio of corporate bonds to support market
liquidity and the availability of credit for
large employers…
So we need to understand how this SMCCF works
& what it does, because the importance of
our government buying corporations, is a dark-dark
timeline that will lead to wealth gaps & zombie
corps, of the likes this world has never seen.
From the Press release “ The SMCCF will
purchase corporate bonds to create a corporate
bond portfolio that is based on a broad, diversified
market index of U.S. corporate bonds.
This index is made up of all the bonds in
the secondary market that have been issued
by U.S. companies that satisfy the facility's
minimum rating, maximum maturity, and other
criteria”
So 1st who is going to be doing the buying?
Who is running this facility?
The FED?
Nope….as we can see from their latest detail
of the facility, the FED “will lend, on
a recourse basis, to a special purpose vehicle
(“SPV”) that will purchase in the secondary
market corporate debt issued by eligible issuers.
The FED is lending this money, to an SPV...to
who, why, and how much?
First let’s answer to who & why...From another
FED press release posted in March, they said
“ On March 24, 2020, the New York Fed retained
BlackRock Financial Markets Advisory as a
third-party vendor to serve as the investment
manager for this facility”
Yup the FED and Treasury, they chose Blackrock,
the American global investment management
company, that has been apart of “helping”
our economy for president, after president...I
love this bloomberg article “In Fink We
Trust: BlackRock Is Now ‘Fourth Branch of
Government’”..Ya if you didn’t know,
larry Fink is the CEO of blackrock .and in
that article they detail how blackrock has
become so engrained in our economic & political
system...from the article “At the same time,
the money manager built a powerful advocacy
arm.
Its sphere of influence reaches beyond the
central bank to lawmakers, presidents, and
government agency heads from both political
parties,
“Bloomberg found only a handful of current
BlackRock executives who came out of the George
W. Bush administration, but more than a dozen
Barack Obama alumni.
These include Obama’s national security
adviser, senior adviser for climate policy,
the former Federal Reserve vice chairman he
appointed, and numerous White House, Treasury,
and Fed economists”
That is what is going on right now, there
are still blackrock remnants from the good
ole W. Administration, as Georgie boy, was
the one who brought Blackrock on in 2008...and
that was literally 12 years ago at the end
of his term, but then Obamer, loved Larry
Fink, CEO...so he kept him on for his entire
presidency...and now Trump, who swears to
hate Obamer, loves Larry Fink?
Whoever believes the bullcrap, that Dems & Repubs,
are not in cahoots together...is freaking
stupid...they all have the same friends, they
all have the same goals, they all use the
same techniques to make the rich….richer.
Blackrock is a leg of our government now,
and financial times covered it recently in
an article titled “How Goldman’s vampire
squid gave way to BlackRock” and in it they
say “Further underpinning BlackRock’s
power base, and its crucial role in the global
financial system, is its Aladdin technology
platform, which connects the world’s biggest
companies — from banks and rival asset managers
to tech giants — into the markets for trading
shares, bonds, derivatives and currencies.
Tens of trillions of dollars of assets sit
on this systemic platform”
Now all I have to say is what the freak is
going on?
Back before the crisis hit, Blackrock did
some really interesting things….like they
knew it was coming….April 3rd of 2019, before
any viral craziness bloomberg covered what
Blackrock was doing in an article titled “BlackRock’s
Larry Fink Starts Biggest Organization Overhaul
in Years”
And in the article it details how Blackrock
didn’t have an appetite for US corporate
debt, shares and bonds and was looking to
other parts of the world.
The article stated...
“The leadership changes reflect BlackRock’s
desire to cement client ties beyond the Americas.
Fink frequently underscores BlackRock’s
desire to attract customers outside the U.S.
and sees great untapped potential abroad.
The company, which oversees about $6 trillion
in assets, is also using deal-making to advance
that goal.
“It shows how hard it is to find growth
here in the U.S., where the market is saturated,”
Huh?
Hard growth, saturation...yet now you are
running the SPV for the FED which is focused
on growing and sustaining US corporations.
Also covered in the article blackrocks was
beginning to dive into alternative assets
“Fink announced a massive overhaul of the
firm’s leadership, installing new management
in its alternatives investment division and
reorganizing staff.
And deeper into the article it details just
that “BlackRock’s alternatives push is
meant to demonstrate it can be a major player
beyond indexed products, which account for
about two-thirds of assets under management.
On Monday, the New York-based company said
it had completed its first fundraising round
for a private equity vehicle.
The Long Term Private Capital fund secured
$2.75 billion from investors…
Private equity vehicle, special purpose vehicle...PEV,
SPV...sound similar like they could be intertwined?
It’s because they are, there is no doubt
about it…
May 25th, 2020...only 3 weeks ago, another
Forbes blogger posted this article “Hertz,
High Yield ETFs And The Fed” and in it,
it details that the Hertz Corporation, American
Car Rental company filed for bankruptcy on
May 22nd.
They then detail, the SMCCF and how Blackrock
is involved and could purchase ETFs through
the facility, as they have been doing that
buying ETFs and not individual bonds for over
a month now.
But then they say this, As of Friday, May
22nd...HYG, a BlackRock high yield ETF held
0.03% of its assets in Hertz Bonds.
So, this was posted back in May, and looking
at the bond, it crashed to oblivion, and was
below the 10 dollar mark in May, but since
the SMCCF saved it’s arse, the bond has
over 4x’d and is now trading above 35 dollars.
Obvious portofolio save?
In my opinion, oh heck yes!
And the woke, are actually speaking up about
this...article from Vanity Fair posted 2 days
ago ““This Is Just F--king Unbelievable!”:
Bankrupt Hertz Is a Pandemic Zombie”...and
then Robert Pedone, of zero sum trading tweeted
“This hertz shiznit gonna go down in the
record books..
A company in bankruptcy just found idiots
to buy their stock before it probably goes
to ZERO.
Unless some miracle gets pulled off, they
just sold you a valueless piece of paper for
$2.50 a share lol Even #Enron didn't try this…
Miracle?
You mean a blackrock miracle?
As they are highly exposed to Hertz….blackrock
literally just last week disclosed their full
holdings to the SEC...and they own 3.7 percent
of black rock, which includes over 5.27 million
shares
And yesterday, Blackrock got the power to
not buy just ETFs, baskets of assets put together
to spread risk... they get to buy individual
corporate bonds.
They can hyperfocus, where they put this money...into
specific companies, like Hertz.
Where risk is enormous…
How much risk is blackrock getting to play
around with?
Well the New York FED has a great FAQ on the
SMCCF, and it details just that.
It says...The Department of the Treasury,
using funding from the Coronavirus Aid, Relief,
and Economic Security Act (CARES Act), aka
money printed from the FED will make a $75
billion equity investment in the SPV for both
of the CCFs.
The initial allocation of the equity will
be $50 billion toward the PMCCF and $25 billion
toward the SMCCF.
25 billion?
That is all?
NOOOO from the FAQ...The combined size of
the CCFs will be up to $750 billion.
Huh?
How is that?
Well that happens when you get to play with
leverage, it says “The SMCCF will leverage
Treasury’s equity at 10 to 1 when acquiring
corporate bonds of issuers that are investment
grade at the time of purchase and when acquiring
ETFs whose primary investment objective is
exposure to U.S. investment-grade corporate
bonds.
The SMCCF will leverage Treasury’s equity
at 7 to 1 when acquiring corporate bonds of
issuers that are rated below investment grade
at the time of purchase and in a range between
3 to 1 and 7 to 1, depending on risk, when
acquiring any other type of eligible asset.
And when you see, where this money is being
put to help, you understand why it’s such
a dark timeline.
Unemployment rates for May paint the picture
clear, Leisure & hospitality, the highest,
which are lower wage employees, other services
next, low wage employees...alll top employment
categories, are for lower wage employees,
blue collar higher paying construction, manufacturing
etc...they got hit, but less than the lower
paying jobs..and then the highest paying jobs,
they got hit the least...government jobs & financial
services, but also agricultural jobs, but
you can’t trust that, because a majority
of their workers aren’t even on the payroll.
And you would think, with over 500 billion
dollars issued in those PPP loans, not the
facilities we were just talking about, these
unemployment rates would be getting back to
normal by now right?
Well they didn’t go to who they were supposed
to, as it’s been covered last week, the
Trump administration is adamant about keeping
who received the loan, confidential.
But, luckily Politico, covered that we now
know a few members of congress received them.
“Members of Congress took small-business
loans — and the full extent is unknown”
In their article it says “At least four
members of Congress have reaped benefits in
some way from the half-trillion-dollar small-business
loan program they helped create.And no one
knows how many more there could be...and we
probably won’t figure it out, until this
administration is gone, if ever….
But we do know, it was a bipartisan effort,
Republican congressman, Roger Williams of
Texas & and Republican congresswoman, Vicky
Hartzler of Missouri...The Democrats, Congresswomen
Susie Lee of Nevada & Debbie Mucarsel Powell
of Florida….
All, I have to say, is with each day, each
headline, each investigation I do, my head
hangs lower.
I mean, first we learned of massive corporations
using the small business funds, and now we
are learning our own rich son of a biotch
members of congress are dipping into it too?
Something has to give, here soon or we will
dip into chaos….Cheers Viewers I’ll see
you next time!
