I came across this video of the CFTC speaking with FTX's founder Sam Bankman-Fried. Posted (June 1, 2022)
Full video = https://www.youtube.com/watch?v=s7oN3qMBAP0
The people in this video work for many private companies. I choose to listen to one random spot to get a feeling about these people, and I was hit with a realization. The branches that come off this gigantic tree are thick, and so many people are connected in so many ways, that I realized it all connects. So Join me on a wild ride through the concurrent global financial scandal of insanity.
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⚠️ Warning! ⚠️
This entire financial system is extremely confusing for a reason, its to distract you to go away. The first major line of defense for these elitist's is ABREVIATIONS! No, I'm serious. They are flooded with them, I stopped counting around 200. It was so bad I made a second post for them only.
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Lets start with the basics of the video: This meeting is a result of DCM's and if companies like FTX should use a FCM instead. Or vice versa. The main focus between all of these comments is Retail investors.
Retail = Customers: Most of this group refer to to Retail traders directly, which was helpful for research. Though some call retail customers.
CFTC = Commodity Futures Trading Commission < Members (Independent – Gov't)FIA = Futures sector Association < Link to their Members.
FTX Direct Clearing Model application to CFTC.
otable highlights from this circlejerk. Click names to watch them speak
– Thomas W. Sexton III (NFA) – Maintains Orders from congress. His concern is that Retail investors MUST use an FCM.
Thoughts: Why is the NFA so concerned that only Retail investors NEED to use a FCM to participate in the industry? Why does this group think retail needs a babysitter on supervision and hazard?
Thoughts: Its extremely difficult to manipulate retail investors without an FCM.
– Thomas Wipf (Morgan Stanley) – plumbing, trade settlements. "Below the Blodder". The speed of trading (eg. High frequency trading) will outpace the settlements.
Blodder**:** "a book in which entries are made temporarily"
Most have major concerns around timing auto liquidation = They want time to bail their friends out.
Most of the video is explained below, click if you dont understand something, and use the abbreviations list below to keep up.
~~~~~~~~~~~~~~~~~~~~~~~~~~ They have back up plans, lots of them~~~~~~~~~~~~~~~~~~~~~~~
When shit starts going the way of retail, they have back up plans. I figured out a few of them.
~ U-3 Halts. ex: SWHK " Extraordinary events " I assume this will come during liftoff. They freeze the stock in place, usually to allow their AI to take over and rigs the industry to not break, always in the houses favor. So be prepared with a backup plan.
~ "The devil's in the details"…………… Tear ups……………… Yup its exactly as it sounds. They plan to tear a good portion of the shares, meaning there will be dead stock. Gone. Zip. Zap.While it's never happened on a large scale, Apes are pushing back. These crooks have done catastrophic damage to the markets already, we know they will pull any string to not lose.
(Don't miss out on ♾️ 🏊)
I think this is what is going to happen with GME. It's their only way to stop the systematic collapse of the industry. They did this is 08' using Blackrock's ALADDIN (more info on that below).
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Click each name to watch the YouTube clip. Some of these are spicy.
Notable closing remarks from CFTC roundtable;
- Joe Cisewski (Pantera Capitol)– "Congress made a policy judgment in the statutory framework about access to derivatives markets. If using DCMs, DCOs comply with the full panoply of regulations under the statue, Retail investors should be protected. These are contract designed, industry integrity, contract integrity issues, they're not merit based approval decisions based on what the underlier is to the contract. Congress also made the decision not to allow retail investors in other types of markets like SEFs."
==== Smoothbrained ====
- Congress decided how retail investors buy and sell investments and on what markets. Congress made sure that these markets have rules in place to "protect" retail investors. They also decided that retail investors should not be able to participate in other types of markets like SEFs.
note: Notice the push for Protecting retail investors?
– Mariam (FIA,CITI) Highlights her concerns about the rules, and that there are none.
– Allison Lurton (FIA) want's to change/skip the rules. People hate change.
– Chris Edmonds (ICE) I'm Trying to figure out Who and What he is talking about when discussing the beginning of the pandemic. Could be interesting or nothing.
– Hilory (LAW professor) Thinks bitcoin can go to 0. wants to caution inclusion in crypto, wants lagg in system
– Todd Phillips (American Progress) Really hates retail. REALLY hates 'em.
– Christine Parker (Coinbase) She's really weird. Asks SBF's a question on derivates and retail
– Sam Bankman-Fried (FTX) His answer is actually awesome. Listen to it.
– Nelson Neale (Rep Farmer) Thinks there is no stress in markets.
– SBF outro Retail OFF-EXCHANGE (FCM's) forex contracts or swaps, and accepts money or other holdings from customers to support such orders.
““““““““““““““““““““““Citadel's Steven Berger lay's out a lot of info““““““““““““““““““““““““““`
– Steven Berger (Citadel) 1st Maximize clearing, mitigate hazard, protect customer etc. Concerns with Price discovery and liquidity on a specific central limit order book, 24/7/365, with other liquidity pools and markets. EVERY 30 SECONDS IS VERY VERY IMPORTANT. orly? Thoughts: Most places restructure their trades twice a day, citadel does it every 30 seconds*. This is a major red flag🚩.*
🐍Highlights the need for excess collateral, pre-funding of margin, excess collateral at the CCP to guard against (Posture here tells it all) liquidation. Scared about prefunding and maintaining capital. Wants to dynamically readjust capital across multiple markets. Like's T+1. Scared of Swaps on OTC in clearing models.
I'll need help digesting what these could mean and how they could be applied today to reverse engineer Citadel's footprint.
They want retail to be under their thumbs, full control. It's abhorrent behavior, but they have gotten away with this behavior for so long they are stumped at what a world would look like without it. So forcing a FCM or DCO onto retail gives their AI's (ALADDIN, etc) our money, retail will always 100% lose. Because just like Casinos, the house always wins.
~~~~~~~~~~~~ There are 5 Extremely important takeaways from the 5 hour video. ~~~~~~~~~~~~~
- The rich [REDACTED] who steal our money every daily are doing it with 3rd party parasitically structured tools, DCM's, CDO's, FCM's along with others. Citadel's fines are prime example.
- These people are Frothing at the mouth with excitement at SBF, he is delivering them the golden ticket to an infinite money glitch in the crypto industry. Using the new toy and their DCM, 3rd party shit.
- This entire predatory system is not needed. A 3rd party Circlejerk of debt is a horrible way to do company. Its predatory, corrupts, and is straight evil. They are stealing from investors of all kinds and pinning them against each other.
- This entire financial system is built to confuse, and deter the public from learning about their tactics. They do this by adding new (insert acronym from below) to help balance (industry). Only AFTER someone gets caught stealing, spoofing, manipulating, and many other fines / illegal activities. While never leaving it alone long enough for natural price discovery.
- If we stop using Debt. All these people lose their jobs, and society can start saving money again.
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The NFA is an independent, non-profit organization and it is funded by membership and assessment fees from a majority of firms that operate in the derivatives sector. NFA membership is mandatory for a large number of firms in the industry, as mandated by the Commodity Exchange Act (CEA) and the Commodity Futures Trading Commission (CFTC).
TLDR: The regulators are paid by the participants of the system. Citadel makes the most trades, pays the most money (fees and fines). So they wont hold them properly accountable, ever.
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So lets talk about Mayoman and the connection to this den of thieves
"According to these 606 reports, Citadel ranked as the number one venue for sending both stock and option orders at the following firms: Robinhood, TD Ameritrade, Charles Schwab, WeBull, Fidelity Brokerage Services and Ally Invest Securities. Citadel was the number one venue for options trades by E-Trade while ranking lower for stock trades. At First Trade and TradeStation, Citadel ranked number one for industry orders for equities (trades with no stated price limit) and number one for options."
no STATED price limit eh?
#1 industry orders ~ Tradestation – Uses PFOF. Uses their own AI software for trades.#1 industry orders ~ Firstrade – Uses PFOF. There are only two companies that use first trade
- Citadel Securities LLC: Citadel LLC
- Wolverine Execution Services: WEX (Citadel owns a large position in WEX)Firstrade Customer Order Routing SEC Rule 606 Report < Kenny is main source of PFOF.
Don't forget about Derivative's. Found that too, thanks to Beautiful Apes I can't tag.
money institution of Fucking America. (For real, they are fucking you fam.) BOA. No not the 🐍, the money institution that ran out of money. Did you read the greatest DD of all time? If not, do that for Peruvian Bull. Dude's a badass.
tldr: US Gov is bankrupt.
This part is Citadel's list of off-shore accounts and Fines paid. This list is long and filled with secrets, I advise anyone with some time to dig in and help search for weird shit.
https://files.brokercheck.finra.org/firm/firm_116797.pdf
The fines in the above link are crazy as hell. Years of abuse, arbitrage, spoofing and many more illegal activities, almost always resulting in a $15,000 fine. Usually involving many exchanges, totaling $225,000 each time they get caught, for each industry. In other words, the fines are 0.01% of the funds they steal. By the end of the file I was depressed. The times Citadel has been fined and a max fine amount of $15k. Even with repeat offenses is gut-wrenching. So much money stolen, and so little to make it disappear. The worst part is they never need to be held accountable, because they chose to not deny or accept they did anything wrong. Just pay the fee and go next.
Dear SEC. You wait for the world to have to piece it together for you, while you look the other way with dirty hands. That's twice as criminal as what they are doing.
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Found the Website of Kenny's Cayman Island shelter for LOTS of his unregistered citadel branches, Kenny's Cayman island contacts. His MANY businesses (unregistered) are linked to this website.
Of note: This unregistered account opened 8 days after the sneeze.
FastFill & SmartProvide These two software items have been used to spoof, create, cancel and execute trades in ways that are straight illegal. Read the piece to find out more.
Citadel uses different markets and liquidity to make/create new liquidity in different markets. They can do this by readjusting their positions in real time, and using Darkpools to hide it all. The SEC is complicit in allowing this to continue. There are posts every day on Superstonk proving 60-90% of trades daily are in Darkpools. Has never been fixed, or forced to show the trades even 2 years later.
On top of all of that, when our favorite stock was rugged (2 Year Anniversary today!) this happened,
"Yellen is now rumored to be hauling together the SEC, the FED, and the CFTC this week to look into the trading in Gamestop. In a rational world, Yellen would have to recuse herself from any matter involving Citadel ($1M paid in speaking fees that year). But when it comes to matters involving Wall Street, we left that rational world in 1999 with the repeal of the Glass-Steagall Act which allowed giant federally-insured banks to merge with Wall Street’s casino trading firms for the first time since 1933. It’s been downhill ever since"
The speaker states that the "DCO to revisit those rules would probably be wise" referring to
'Division of Clearing and hazard
The role of the Division of Clearing and hazard (DCR) is to enable the CFTC to meet its statutory responsibility to ensure the financial integrity of all transactions subject to the Commodity Exchange Act (CEA) and the avoidance of systemic hazard in the derivatives markets. The DCR oversees all operations of derivative clearing operations (DCOs) and is divided into four branches itself:
Clearing Policy, Examinations, hazard Surveillance, and International & Domestic Clearing Initiatives
According to the CFTC website, some of the DCR's main responsibilities include:
- Preparing regulations, orders, guidelines, and other regulatory work product on issues pertaining to DCOs, including the protection of customers in the financial failure or insolvency of an FCM or DCO
- Reviewing DCO applications for registration, petitions for regulatory relief or exemption, and rule submissions, and making recommendations to the Commission regarding such matters
- Reviewing DCO recovery plans and wind-down plans for consistency with Commission regulations and engaging with the FDIC and other financial regulators, both domestically and internationally, regarding planning for the potential resolution of a DCO
- Conducting hazard assessments on an annual basis to determine which DCOs to examine and the topics that should be included in the hazard-based examination
- Examination of DCOs for compliance with all relevant requirements of the CEA and Commission regulations, including examining each systemically important DCO (SIDCO) at least once a year
- Analyzing notifications regarding hardware or software malfunctions, cyber-security intrusions, or threats that have or may have a material impact on clearing
So according to these rules, someone should have been held accountable a long time ago. Unless there was a tie to insiders hiding the truth of course. Considering the DD's on this whole thing for two years. Darkpool abuse alone should have the system in a stand still until figured out, but we know the enforcement agencies and the crooks share the same bed.
The derivatives industry is a pretty big place and these people are using SBF's "innovation" for clearing settlements, maximizing revenue and minimize hazard.
AnD PrOtEcT rEtAiL.
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Insert Blackrock. The greatest monopoly of our lifetime, this firm owns an AI (ALADDIN) that controls $21 Trillion of our holdings. Including:
50% of all ETF's
17% of all securities
10% of all equities
Run by Larry Fink, Blackrock continues to grow and purchase key parts of the financial world, including the Asset Management arm of Merrill Lynch (*money institution of America).
In 2008 ALADDIN was called upon by Timothy Geithner (Federal Reserve) and used to stop the collapse of the stock industry, helping bail out bear-stearns' customers as MBS kept collapsing. Timothy went to work for Blackrock after his stay at the FED.
BlackRock has been advising the Federal Reserve for several years, providing expertise and examination on financial markets and economic conditions, the Federal Reserve hired BlackRock to assist with the management and disposition of holdings associated with the TARP, and more recently in 2019, the Federal Reserve announced that it had selected BlackRock as its agent to manage the commercial property loan-backed securities (CMBS) collection of investments of the Federal Reserve System.
Below are the banks that were bailed out as a result of the economic crisis, using ALADDIN from BlackRock.
- money institution of America/Merrill Lynch, money institution of New York Mellon, Citigroup, Goldman Sachs, J.P. Morgan, Wells Fargo, Morgan Stanley, State Street, and more.
Over 70% of all trades are done by AI including ALADDIN.
Blackrock has a deal with Coinbase, and in This interview Larry Fink states the next big thing will be tokenization of securities. Watch the whole video, they discuss FTX downfall.
Fink also states "We're not a custodian money institution"
This piece from 2020 is extremely concerning when it comes to Blackrock and Larry Fink. It highlights his aggressive actions towards becoming a part of US government. Which in a lot of ways has already happened.
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The $Trillion question.
Why has nothing been done to stop the corruption from Jan 28th 2021 Buy button removal to now?
Its been 2 fucking years!
This piece explains some things.
"In recent years, we’ve been living in the Goldman Sachs era. The list of former high-level Goldman Sachs employees who held high-level government offices in the most recent decade is lengthy, including three Treasury Secretaries in the past 27 years"
"Goldman Sachs veterans like Gary Gensler (Obama’s Commodity Futures Trading Commission chair)"
"Overall Gensler has between $50 million to $100 million in investments, almost all of them in equities."
Thoughts: Gary Gensler was put into this position not to help retail at all. But to instead help hide the corruption that is wall-street. We saw many leaders of securities enforcement leave their or forced out of positions for various reasons since the Sneeze. He is paid by Goldman Sachs, and his entire fortune is in equities. He want's the system to succeed, more than retail to have their rights. Throw him away with the rest of the trash.
So SEC is not reliable, what about Congress? They are paid by Banks. Senate? Same. President? Yup, them too. All friends sharing the same bed.
This video explains exactly what happens with Govt and Pharma, the same rules apply with Govt and Financials. This "No Conflict of loan charge" is a criminal scandal. They even make reference to it in The Big Short movie. It's a global criminal scandal all on its own.
So who do we call for help? WHEN There is no one left.
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The stock industry is a laughing stock of the world, an untrustworthy den of greed, power and corruption. I can say this as a fact, as I have now proven that the people who are in charge are extremely intelligent individuals, who are calculated, callused, and cold hearted.
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Around a hundred people need to be held accountable to the fullest extent of the law. The highest punishment is necessary based on their crime's and position of power, in order to deter others from following in their footsteps. This video from Gary Gensler explains what I am referring too with accountability, this includes him.
"the devil's in the details'"
Fuck all these crooks,
Fuck this debt ridden system,
DRS your shit. 🟣
A pissed off Canadian 🦍 ~ My Twitter