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Pam and Russ Martens: Fed sets up for its next Wall Street bailout
By Pam and Russ Martens
Wall Street on Parade
Tuesday, December 21, 2021
Last Friday, with the public's attention diverted to the surge in Omicron variant cases of COVID in the U.S. and holiday travelers' attention focused on the safety of air travel and family gatherings, the Federal Reserve Bank of New York quietly announced, in a one-sentence statement, that it was adding the following three federally-insured banks to its list of counterparties for its newly-minted $500 billion Standing Repo Facility:
Citibank, Goldman Sachs Bank USA, and the New York Branch of Mizuho Bank.
... Dispatch continues below ...
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Kinesis Partners with Panama-Based Atlas Vaults
Company Announcement
From Kinesis, London
Tuesday, October 26, 2021
Kinesis announces a partnership with Atlas Vaults and Atlas Brokers, expanding the global Kinesis Vaulting Network into Latin America.
By joining with the leading Panama-based vaulting provider, broker, and trading hub, Kinesis is introducing the Atlas Group's considerable client base to the Kinesis monetary system. The partnership is set to bring superior value and returns to Atlas Vaults and Kinesis clients as well as to people across South and Central America.
Central to the partnership, Kinesis is introducing the 13th storage facility for its global vaulting network, which now spans nine countries. ...
... For the remainder of the announcement:
https://kinesis.money/company-news/kinesis-partners-with-atlas-vaults/
If you're stunned that Goldman Sachs is allowed to own a federally-insured bank under existing U.S. law, see our previous report: "Goldman Sachs' Rich Man's Bank is Backstopped by You and Me."
If you're stunned that a New York branch of Mizuho Bank, part of the Japanese conglomerate Mizuho Financial Group, is able to have federal deposit insurance backstopped by the U.S. taxpayer, welcome to the world of borderless global banking for the 1%.
These three banks have a number of things in common: 1) each financial institution already has a broker-dealer affiliate that is already one of the Fed's 24 primary dealers that participates in the Fed's repo operations; 2) each of the three banks' primary dealer affiliates took large, secret loans from the Fed's repo facility when credit collapsed on Wall Street on September 17, 2019; 3) all three institutions have trillions of dollars in exposure to derivatives according to data from the Office of the Comptroller of the Currency. ...
... For the remainder of the report:
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Toast to a free gold market
with great GATA-label wine
Wine carrying the label of the Gold Anti-Trust Action Committee, cases of which were awarded to three lucky donors in GATA's recent fundraising campaign, are now available for purchase by the case from Fay J Winery LLC in Texarkana, Texas. Each case has 12 bottles and the cost is $240, which includes shipping via Federal Express.
Here's what the bottles look like:
http://www.gata.org/files/GATA-4-wine-bottles.jpg
Buyers can compose their case by choosing as many as four varietals from the list here:
http://www.gata.org/files/FayJWineryVarietals.jpg
GATA will receive a commission on each case of GATA-label wine sold. So if you like wine and buy it anyway, why not buy it in a way that supports our work to achieve free and transparent markets in the monetary metals?
To order a case of GATA-label wine, please e-mail Fay J Winery at: bagman1236@aol.com
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Support GATA by purchasing
Stuart Englert's "Rigged"
"Rigged" is a concise explanation of government's currency market rigging policy and extensively credits GATA's work exposing it. Ten percent of sales proceeds are contributed to GATA. Buy a copy for $14.99 through Amazon --
-- or for an additional $3 and a penny buy an autographed copy from Englert himself by contacting him at srenglert@comcast.net.
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