/qrb/ - QResearch Bunker

@jsolomonreports

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58m

Supreme Court rules detained foreign nationals in U.S. illegally can’t file class action lawsuits justthenews.com

@jsolomonreports

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1h

NY Gov. Hochul creates abortion 'sanctuary' with six extensive laws

justthenews.com/

Just in time for midterms

@X22Report

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47s

x22report.com

Trump Gives The [DS] An Ultimatum, When Do You Play The Trump Card? Timing Is Everything – Ep. 2799

Polish AF PLF103 G5 departed Ottawa Int'l after arriving from Toronto Int'l on 0613-arrived at Toronto on 0611 from Warsaw Int'l

SAM273 USAF G5 departed from Wright-Patterson AFB after arrivng from Peterson AFB yesterday

Buffett Donates $4 billion in Berkshire Stock to Charity

Warren Buffett gave away $4 billion of Berkshire Hathaway stock Tuesday as part of his annual donation to the Bill & Melinda Gates Foundation and four other philanthropies, the company said. Buffett, the longtime CEO of Berkshire Hathaway has been making the annual contributions since 2006 and has given away a total of $45 billion in Berkshire stock, or more than half his stake in the conglomerate.

Buffett, 91, now holds 229,016 Class A shares and 278 Class B shares worth $95 billion. Berkshire’s Class A stock finished Tuesday at $415,500, down 1.9% on the session. The Class B stock was off 1.4% to $277.64.

Buffett now owns a roughly 16% stake in Berkshire and his voting interest is about double that. Buffett converted 9,608 Berkshire Class A shares into 14.4 million Class B shares and then made the donations Tuesday. The conversion reflects Buffett’s desire to limit the number of supervoting Class A shares in the public float, which bolsters his control of the company. When Buffett made the initial donation in 2006, he said he planned to give away 99% of its net worth and all of his Berkshire stock, then about 475,000 Class A shares, to philanthropy. Buffett offered some thoughts on his approach to philanthropy when he made the donation in 2021.

https://www.barrons.com/articles/warren-buffett-donates-four-billion-berkshire-stock-charity-51655248644

"Nice old Uncle Warren" is just tightening his grip on BA and disguises it as being 'philanthropic' while buying billions in his own company.

Muh Share buybacks

During 2020 and 2021, the company repurchased nine per cent of its own shares that were outstanding at the end of 2019, for a total cost of $51.7 billion. Moreover, during the first two months of 2022, additional shares were repurchased for a total of $1.2 billion.

https://timesofmalta.com/articles/view/warren-buffett-and-the-benefit-of-share-buybacks.940227

China Will Test Markets With Biggest Offshore Bond Sale Since 2016

China will launch its largest offshore yuan sovereign bond sale in six years, testing global appetite during a debt market rout and a stream of outflows as global funds offload Chinese government notes.

The Ministry of Finance will auction 7.5 billion yuan ($1.1 billion) of the central government bonds across two, three and five-year maturities on Wednesday, the first of four batches totaling 23 billion yuan planned for this year in Hong Kong, denominated in the offshore currency. The offering is due on the same day the Federal Reserve is expected to consider its biggest interest-rate increase since 1994 as it looks to contain the hottest inflation in decades. Outflow pressure on Chinese government bonds could increase, given the widening monetary policy gap with the US that undermines the notes’ yield premium. There are also attractions for domestic investors. The Southbound bond connect, drawing capital from mainland China to bonds available in Hong Kong, offers traders a chance to hunt for arbitrage opportunities between onshore and offshore sovereign debt markets. “Dim Sum bonds have previously underperformed onshore peers amid capital outflows and yuan depreciation, resulting in a rise in yield premium over onshore peers,” Standard Chartered Bank strategists including Becky Liu wrote in a note, referring to yuan-denominated notes sold in Hong Kong. “Short-dated bonds are likely to receive the strongest support from domestic investors, especially banks.” Onshore banks may be more interested in higher-yielding debt, given that a lack of loan demand has left them with abundant cash. The yield premium of Chinese sovereigns traded offshore is as much as 44 basis points over their onshore equivalents across the curve in secondary market trading, according to data compiled by Bloomberg.

The spread reflects different pricing of China’s sovereign risks by overseas and domestic investors. It has widened this quarter as Covid lockdowns damped sentiment toward China’s economic growth. Both onshore and offshore Chinese government bonds trade at yields well below those of equivalent treasuries.

The issuance of yuan-denominated government bonds could also drain offshore liquidity and help stabilize the currency, raising funding costs for offshore shorts as the Fed hikes rates, according to Zhaopeng Xing, a senior strategist at Australian & New Zealand Banking Group. The overnight offshore yuan Hibor fixing rate climbed 28 basis points Tuesday to 2.67%, the highest since April 25.

Foreign ownership of Chinese government debt onshore slid to 10.5% in April from a record high 11.1% in January, according to the latest Chinabond data. The securities recorded a year-to-date loss of 3.8% in dollar terms, according to a Bloomberg index, as the yuan has slid to become emerging Asia’s worst-performing currency in the second quarter.

Still, that compares to year-to-date declines of more than 9% for Chinese investment-grade corporate notes, and 24% for high-yield corporate bonds, according to data compiled by Bloomberg.

https://www.bnnbloomberg.ca/china-will-test-markets-with-biggest-offshore-bond-sale-since-2016-1.1778898

>>139020

Nope that ok..I forgot to use it but most of that has already been conveyed one way or another since Sunday night.

omg-picrel

https://finance.yahoo.com/news/check-401k-stocks-tank-203638392.html

in dis article

"a financial therapist"

someone actually paid to be this....

Crypto-Carnage Hits Every Asset Class Tied to Crypto

It wasn’t just cryptocurrencies that crashed yesterday, it was crypto exchanges, crypto mining stocks, publicly-traded companies holding large investments in crypto, and crypto ETFs.

By the time the closing bell rang yesterday, ProShares Bitcoin Strategy ETF had tanked by 20.22 percent on the day that was one of the halts mentioned yesterday or friday-member a BTC ETF, bringing its year-to-date loss to 50.4 percent. Other crypto-related ETFs were similarly hammered. VanEck Bitcoin Strategy ETF gave up 19.86 percent, bringing its year-to-date loss to 53 percent.

Shares of crypto mining stocks, which were already battered and bruised, were further bloodied. Among the worst of the lot was BIT Mining Ltd. (ticker BTCM) which plunged 36.60 percent yesterday, bringing its year-to-date loss to 79.9 percent.

The graphic below shows how nine other crypto mining stocks performed yesterday. Year-to-date, these stocks have lost 60 to 85 percent of their market value. The companies are: Argo Blockchain PLC (ARBK), Bitfarms Ltd. (BITF), Hive Blockchain Technologies Ltd. (HIVE), Hut 8 Mining Corp. (HUT), Greenidge Generation Holdings (GREE), Iris Energy (IREN), Marathon Digital Holdings Inc. (MARA), Riot Blockchain Inc. (RIOT), and Stronghold Digital Mining (SDIG). The ongoing downdraft in crypto had a new fuse lit yesterday on the news that cryptocurrency lender, Celsius Network, has frozen withdrawals. The large crypto exchange, Binance, also suspended Bitcoin withdrawals for three hours yesterday morning, blaming it on a “stuck transaction.” The news of the gate locking in crypto accelerated the panic selling.

The publicly-traded cryptocurrency exchange, Coinbase, saw its shares drop another 11.41 percent yesterday to end trading at $52.01. Coinbase went public on April 14, 2021 in a direct listing at a reference price of $250 per share. Its shares traded as high as $429.54 on its first day of trading before closing at $328.28. According to an SEC filing, Coinbase’s Chairman and CEO, Brian Armstrong, sold 750,000 shares on April 14, 2021 at an average share price of $389.10, or approximately $291.8 million in total. As of yesterday’s closing price of $52.01, public investors are now down 87 percent from where Armstrong sold his shares.

Also taking big hits yesterday were publicly-traded companies that have taken big stakes in Bitcoin as a corporate “asset.”

Block Inc., formerly known as Square, the company cofounded by former Twitter CEO Jack Dorsey, owns $220 million of Bitcoin as a corporate asset. It also received 44 percent of its total net revenues from bitcoin trades on its app in this year’s first quarter, according to its most recent 10-Q filing with the SEC. In doing research yesterday on the company, we were stunned to learn that it was allowed to buy a federally-insured bank in March of 2021. Block lost 12.68 percent of its market value yesterday and is down 61 percent year-to-date.

Block’s latest 10-Q that was filed with the SEC for the quarter ending March 31, 2022, exquisitely lays out a panoply of good reasons to not allow a company like this to own a federally-insured bank, backstopped by the U.S. taxpayer:

and if you put one fuggen $ in this after reading this below (most don't) you deserve to lose everything

“…we expect to continue to expand our markets in the future, and we may have limited or no experience in such newer markets. We cannot assure you that any of our products or services will be widely accepted in any market or that they will continue to grow in revenue. Our offerings may present new and difficult technological, operational, regulatory, risks, and other challenges, and if we experience service disruptions, failures, or other issues, our business may be materially and adversely affected. For example, our Cash App products are intended to make investing in certain assets, such as bitcoin, stocks, and exchange-traded funds, more accessible. However, as a result, our customers who use these products may experience losses or other financial impacts due to, among other things, market fluctuations in the prices of bitcoin and stocks. If our customers are adversely affected by such risks, they may cease using the product or Cash App altogether and our business, brand, and reputation may be adversely affected. Our expansion into newer markets may not lead to growth and may require significant management time and attention, and we may not be able to recoup our investments in a timely manner or at all. If any of this were to occur, it could damage our reputation, limit our growth, and materially and adversely affect our business…”

moar

https://wallstreetonparade.com/2022/06/crypto-carnage-hits-every-asset-class-tied-to-crypto/

>>138876 lb

JASDF JF442 767 tanker heading sw east of the Senkaku Islands since we had that Japanese Navy elephant walk yesterday they've sent a tanker out and it's surely not heading to refuel air-it's a little high for that right now but normally don't see these this far south.

A little preview of what to expect for tomorrow on the FOMC-three scenarios

I think getting the system to accept 75bp was all too easy-look at the tantrum they threw starting on Sunday and basically starting on Thursday tbh-and this is when I said they are setting up a bear 'trap'-see cap #1-2 here >>138263 pb thought it earlier here >>138237.

The 2 year spike hard on Friday and continued when it opened up on Sunday evening-this is what is used as the 'gauge' for what the system expects the FOMC to do. You also had the Atlanta Fed Head Bostic with his revisions on Tuesday last week- >>137905 pb but as already mentioned he doesn't vote so he is the "bad cop" (from the FRB standpoint-since he has done this before and injected a little reality into official #s but he walked those back last year not long after)

Prior to Sunday Night and late last week they all expected 50bp because even Jerry said it at last meeting " 75bp is NOT on the table".

Here are some things to look for when they announce tomorrow at 2pm EST-they also have an extended projection and that is done 4x a year so again here we have a PERFECT set-up to "pop" out a surprise

They do less than 75bp: Markets completely tank and you have a dump that could possibly trip the circuit breakers (after all they "expect 75bp now) and it's pretty much 50/50 from all the ANALysts on what they will do with half saying 75 the other 50. They can't all say "yes 75bp for sure" because that would look too obvious. Less than 75 bp you get the "risk off" scenario where even if it is nailed down to the floor it's gonna get sold to show the FOMC if we don't get what WE expect this is how we are going to treat you. Don't forget the big banks own the FRB not the other way around-they do what the Zombie Banks and Primary Dealers want them to but make it look like they are independent.

They do 75bp: As of Sunday evening that is the expectation they created in less than 3 days and it took the MSM too long to ease it into the Financial news cycle. Godzilla and muh TS frens knew all this on Sunday evening as it was happening and it was done way quicker than they-FIN MSM led on to-but still may cause a sell-off because some may think it's not enough. BTW it is not enough and unless you get this to around 20% ala Paul Volcker in the early 80's nothing they do is going to affect this in a way that will bring any of this under control-I actually think we are way beyond even that working. Either way they will not be doing that-raising to that level. The FOMC (FRB) has an impotence issue as they are way behind this and need to do something to arrest that stigma that they have created so....

They do 100bp: Absolute carnage to the upside because it is not expected and 25 bp better than the result they forced by driving the 2 year up starting on thursday-it really spiked Friday hard-along with everything else rate-wise. The have an overwhelming need to be seen as relevant and to anyone in the know they will never be but that is NOT who they need to convince. They need to convince people who still think they control rates and they could go a long ways towards that if they raise an unexpected 100bp or 1%. Thus creating a perception that they are in control of this. They really need to remove these hikes, and quickly, because this system cannot take the extra $ it costs them to carry this ass-ton of shitty depreciating assets (they used so much leverage they need "up" all teh time). To appear relevant and stop the "talk" about them being "behind it all" they can pull out a surprise and do a few things with that. Try to be seen as relevant-already covered, make the markets go up and arrest teh over $1t since Thursday loss across the board and (the most important part and muh theory from last week) completely eviscerate the big Put interest in the July expiry-that was only added to on Friday and Monday after I believed (on Thursday) they were setting it up to wipe it out. Over the weekend I saw several article pointing out large short positions taken out on late Thursday and Friday-you even had the Najarian Brothers highlighting it twice in a 48 hour period. It's there job to look for shit like that ( I get that) but this all looks like quite the set-up for a massive short squeeze.

They do NOT want to pay out on that as many are waiting for tomorrow-what better way to do all three of those things than to deliver an "unexpected" rate raise of 1%, that skies the markets (an obliterates the shorts) while making the people stop complaining about dropping markets. Basically put them back to sleep because most only care about it if it goes down. Plus Janet can push the Exchange Stabilization button to help this all along as well.

We'll see what they do but it wouldn't surprise me at all if they raised 100bp or 1% because all the inflation data will be staying right around where it is at until Septembers release..it can't be hidden after that. I expect them to continue to doom and gloom it and then be "surprised' when it doesn't change much for the next few months

>>138929

>bakin next door

iz muh 3 yr anniversary for it <

Happy Bakeday, Anon.

Thank you for your service. o7

From us what can’t bake.

edits done

>prolly shoulda written that earlier when less tired but tried muh best

ttyitm

good night

SAM339 USAF C-40B on ground at Buffalo-Niagara Int'l Airport from JBA depart

AG Garland travels to Buffalo to meet with mass shooting victims' families, survivors

https://www.foxnews.com/politics/ag-garland-buffalo-mass-shooting-victims-families-survivors

>>139046

rates up 1% (30 y fixed) in a week, tons of inventory coming online, pool of qualified buyers shrinking-bit overdue.

Whoever has an ARM (Adjustable Rate Mortgage) feeling in already