/qrb/ - QResearch Bunker

Dough

https://fullchan.net/?b2e3fb4b7bdc426b#HFxH5k566t1SLQTeQL9KmPtJFfKEkc3QnBXXr9Byjjco

>>144263

ty B

do sum grimage laters

gonna go lay down fer a bit

>>144263

tyb

NEVER TRUST AN OODLE

>>144268

just look what it started.....

>>>/qresearch/16938455

SAM537 USAF G5 departed JBA NW-this probably has to do with Nancy's visit(s) as it is pretty high level-picrel-and heading to JB Elmendorf, Anchorage for a stop/refuel-don't expect Nancy's AC SPAR19 >>144219 lb to be moving until later tonight or tomorrow as it landed at 3:09am local-time to get some vodka bottles loaded on board and the crew to take a mandatory rest period

SAM608 USAF G5 landed at Cheyenne Regional Airport, WY

>>144162 lb

SAM578 USAF G5 east from Jackson Hole Airport, WY overnight

>>144237 lb

SAM569 USAF G5 went to Appleton Int'l Airport, WI

>>144162 lb

VV100 US Navy G5 returned to JBA from it's Ft. Lauderdale Int'l overnight

>>144268

dhat poor doggo

N817GS G650 Larry Ellison lands at his basically private Island of Lanai from Honolulu Int'l depart and interdasting that Nancy there at same time

Elon goes and talks to him every once and a while at Lanai-did right before the Twitter offer made public

Larry doesn't get out much but has been gone from his compound since mid July

Departed Quonset State Airport, R.I on 0724 went to Lanai then over to Honolulu where it's been since today's departure back to Lanai

His itinerary since leaving Lanai

departed Lanai on 0713 to San Jose Int'l then 0714 to Van Nuys and 0716 for an 0717 arrival at Palm Beach Int'l for an overnight then to Quonset state Airport R.I.

ZULU82 looks like it tried to doMR60and still werking on it

LMAN1 lectin, mannose binding 1aka MR60

The protein encoded by this gene is a membrane mannose-specific lectin that cycles between the endoplasmic reticulum, endoplasmic reticulum-Golgi intermediate compartment, and cis-Golgi, functioning as a cargo receptor for glycoprotein transport. The protein has an N-terminal signal sequence, a calcium-dependent and pH-sensitive carbohydrate recognition domain, a stalk region that functions in oligomerization, a transmembrane domain, and a short cytoplasmic domain required for organelle targeting. Allelic variants of this gene are associated with the autosomal recessive disorder combined factor V-factor VIII deficiency

https://www.ncbi.nlm.nih.gov/gtr/genes/3998/

Economic Schedule for Week of July 31st, 2022

After updating it on Friday to show a hilarious +2.1% growth for third quarter of 2022 >>144152 lb Retard KANGZZ Bostic has another chance to stay full retard on Monday with yet another 'update' to the Atlanta Federal Reserve GDPNOW estimate-The next GDPNow update is Monday, August 1.

https://www.atlantafed.org/cqer/research/gdpnow

The key report this week is the July employment report. Other key reports include ISM manufacturing and services indexes, July vehicle sales, and the Trade deficit for June.

- Monday, Aug 1st -

8:00 AM ET: Corelogic House Price index for June

10:00 AM: ISM Manufacturing Index for July. The consensus is for the ISM to be at 52.0, down from 53.0 in June.

10:00 AM: Construction Spending for June. The consensus is for a 0.2% increase in construction spending.

2:00 PM: Senior Loan Officer Opinion Survey on Bank Lending Practices for July

- Tuesday, Aug 2nd -

10:00 AM ET: Job Openings and Labor Turnover Survey for June from the BLS.

Jobs openings decreased in May to 11.254 million from 11.681 million in April. The number of job openings were up 17% year-over-year and Quits were up 11% year-over-year.

10:00 AM: the Q2 2022 Housing Vacancies and Homeownership from the Census Bureau.

11:00 AM: NY Fed: Q2 Quarterly Report on Household Debt and Credit (which will be a complete and total disaster with revolving credit at yet another record high)

All Day: Light vehicle sales for July from the BEA. The consensus is for light vehicle sales to be 13.5 million SAAR in July, up from 13.0 million in June (Seasonally Adjusted Annual Rate).

- Wednesday, Aug 3rd -

7:00 AM ET: The Mortgage Bankers Association (MBA) will release the results for the mortgage purchase applications index. (This will show an increase in anticipation of the coming rate hike that was announced on Weds-it will show moar next week)

10:00 AM: the ISM Services Index for July. The consensus is for a reading of 53.5, down from 55.3.

- Thursday, Aug 4th -

8:30 AM: Trade Balance report for June from the Census Bureau-The consensus is the trade deficit to be $80.1 billion. The U.S. trade deficit was at $85.5 Billion the previous month.

8:30 AM: The initial weekly unemployment claims report will be released. The consensus is for 265 thousand up from 256 thousand last week.

- Friday, Aug 5th -

8:30 AM: Employment Report for July. The consensus is for 250,000 jobs added, and for the unemployment rate to be unchanged at 3.6%. There were 372,000 jobs added in June, and the unemployment rate was at 3.6%.

https://www.calculatedriskblog.com/2022/07/schedule-for-week-of-july-31-2022.html

This starts monday as Nancy makes her way to the region...

Garuda Shield: Indonesia, U.S to hold joint military exercises

Indonesia and the United States will jointly conduct the annual Garuda Shield military exercise on the Indonesian islands of Sumatra and Kalimantan from August 1st to 14th.

A senior U.S. military official said on Friday that some 4,000 soldiers mostly from Indonesia and the United States will participate in the exercise that underscores “the importance we place on a free and open Indo-Pacific region.”

The exercise will also involve troops from other countries including Singapore, Australia, and Japan, which is joining the drill for the first time. The annual “Super Garuda Shield” exercise, which the United States called “significantly larger in scope and scale than previous exercises”, comes against a backdrop of heightened tensions with China over the latter’s growing assertiveness in the region. Major General Stephen G. Smith, who will be directing operations on the ground in the exercise, told reporters in Jakarta on Friday that the drill should not be seen as a response to any tensions. “This exercise is not a threat or should not be viewed as a threat to anybody, anywhere. This is a purely military-to-military exercise,” he said.

Tensions and rhetoric flared this week amid reports that U.S. House Speaker Nancy Pelosi planned to visit Taiwan as soon as August. U.S. President Joe Biden and his Chinese counterpart Xi Jinping managed largely to steer clear of escalation in a call on Thursday, suggesting that neither side – preoccupied with economic woes at home – wants a fresh crisis across the Taiwan Strait.

https://von.gov.ng/garuda-shield-indonesia-u-s-to-hold-joint-military-exercises/

AE678C US Navy P-8 Poseidon was south of Oahu now heading NW

He was off SoCal earlier this week >>144087 pb on Thursday and based out of NAS Whidbey Island

>>144268

>>144269

>>144280

there ya go

howza?

>>144283

guud

you?

>>144272

KEK

>>144280

>we like oodles

some things never change

>>144288

>not hot enuff

come visit, it's 90 here, hotter inside, no AC

positively tropical, need iced drinks with umbrellas

>>144289

usually that what we get but Mrs G ordered a mild summer a few months ago so we gotz it

kek

>>144291

aye..ty

>>144271

SAM608 USAF G5 heading back to JBA from Cheyenne Regional Airport, WY from about 2h30m on ground-wonder what Liz is up to today...kek

SAM578 G5 arrived at JBA about 90 minutes ago from it's Jackson Hole departure earlier-you niggas couldn't consolidate deez two into one trip?

>>144290

PEPE cooqies

share dem wid yer frens

AE67E9 US Navy P-8 Poseidon south from Hickam AFB-Oahu

He came in from NAS JAX yesterday

>>144237 pb, >>144271

SAM569 USAF G5 departed Appleton Int' after about 9.5h on the ground-heading back to JBA

They had a 3rd MonkeyPox case a few days ago plus they have a primary election coming up on Aug 8th in WI

>>144301

ty

can hardly move

full of bacon-zucchini-beef lasagna

No pasta so don't get that weighed down feeling but doze if ya eat too much

gud it's a saturday

Had this leave about 5 hours ago and seen some stuff online about her being on a military transport AC-this would certainly qualify-and the press are saying it would "take place early in the trip"

We are not going to see it if this is it below

TREK05 USAF C-17 Globemaster departed Hickam AFB east-about 5 hours ago and transponder off shortly after takeoff-it can broadcast via Satellite but is choosing not to at this point

Have a hard time imagining that old bag strapped inside a Globey and complaining the whole time-but she'd probably have plenty of bottles of booze to keep her warm

Taiwan AF CAL2753 P-3 Orion on the western side of Taiwan heading north up the straight

Notan every day sight that

click

But member our economy is gonna 'grow' by 2.1% in this qtr cuz muh nigga at the Atlanta Fed sez so

China Factory Activity Sees Shock Contraction on Covid Outbreaks

China’s factory activity unexpectedly contracted in July, reversing earlier economic momentum as sporadic Covid outbreaks weigh on the recovery.

The official manufacturing purchasing managers index fell to 49 from 50.2 in June, the National Bureau of Statistics said Sunday. Economists had expected a reading of 50.3, according to the median estimate in a Bloomberg survey of economists. A reading above 50 indicates expansion from the previous month, while anything below indicates contraction. (ours werks the same way-below 50 is contraction) The non-manufacturing gauge, which measures activity in the construction and services sectors, decreased to 53.8 from 54.7 the previous month. That was below the consensus forecast of 53.9. China’s economic recovery has been fragile as the government relaxes curbs with easing outbreaks, but then tightens them again wherever the virus pops back up. A flareup in the southern manufacturing hub of Shenzhen impacted factory operations there, raising concerns about disruptions to global supply chains.

China’s economy in the second quarter grew at the slowest pace since the initial Wuhan outbreak, and economists expect full-year growth could reach just 4% or below as Covid outbreaks and restrictions and an ongoing slump in the property market continue to weigh on activity.

https://www.bnnbloomberg.ca/china-factory-activity-sees-shock-contraction-on-covid-outbreaks-1.1799221

>>144316

ewww!!

nuffin showing up

>>144271

SAM537 USAF G5 on descent for Anchorage, JB Elmendorf-this is either for Nancy's other stops or a forward team for Blinken's visit to Cambodia this coming week

>>144306

on TREK05 USAF C-17 Globemaster and involved with Nancy going to Taipei-it'a about 10 hours or so from Honolulu to Taipei-so it's been about 7 hours+ since this has departed so looking at another 3 to see if she 'pops' up in Taiwan.

This AC arrived at Hickam from Anchorage-JB Elmendorf on 0714 as MANU12 been back and forth to the Big Island a few times and then yesterday had a routine flight as TREK82 out and back to Hickam-so nuffin out of the ordinary until today's departure east

I have it heading east over SW japan on 0605 but that is it as far as anything in the east-spends most of it's time in Alaska/Hawaii or on our West Coast

The AC she arrived in earlier this morning is still on the ground at Hickam AFB from it's 3:08am (local) arrival time

>>144274

>MR60

LMAN1_HUMANProtein ERGIC-53 · Homo sapiens (Human) · Gene: Ln9HVgmOafJYMAN1 (ERGIC53, F5F8D) · 510 amino acids · Evidence at protein level · Annotation score:5/5

https://www.uniprot.org/uniprotkb/P49257/entry

https://hive.biochemistry.gwu.edu/biomuta/branchview/P49257

Evidence at protein level (all genes)Protein classiDisease related genes

Human disease related genes

Potential drug targets

Transporters

https://www.proteinatlas.org/ENSG00000074695-LMAN1

Dang, thought MR60 was a router.

Bad, I mean real bad disease... looking into the RNA. Damn!

Can't dooz just one. Out back this morning.

Something to keep in mind when dealing with Nancy's visit toanywhere-remember she is the one that confirmed that they were keeping Zelensky at Rzesow Airportand not Kyiv with her "vist to Kyiv" on May 2nd

Pretty sure he (Zelensky) was taken out of Ukraine with this flight EVAC01 "mystery helo" on Polish/Ukraine border on Feb 15th and straight to the hospital at Rzesow Airport and then 9 days later the operation started.

Based on the flight activity I was adamant he was being kept there (and like a pussy he left before it even began)

>>126542, >>126546, >>126548, >>126741 pb

Her "visit to Kyiv" actually Rzesow Airport, Poland-where i said he was at.

>>134490 Nancy's visit to Kyiv Rzesow Airport on May 2nd for 3 hours and this set off a flurry on "visits" to Kyiv and the only one that was barely believable was Flauxtus as her plane landed 63 miles from the site of the visit >>134800...the rest were total bullshit-especially The Trudope >>134834 and Albanese >>141506 visits were to exact same spot

All these plus many other attempts to show visits to Kyiv can be seen here in the Planefag 101 thread starting with the Nancy visit mentioned above

Start here in the Planefag thread

https://8kun.top/qrb/res/13005.html#q134490

Now on this C-17 the reason I did not immediately post it is that in the last 2 weeks it has had flights out and back to Hickan where it has been gone for several hours so wanted to make sure it wasn't one of those flights-anyone who unequivocally stated that she was on that plane when it took off was told she was on it no question -if it proves to be true..really how would you know and a quick glance at it's recent history would tell you to wait to see what it did as unless you saw it habben or were told by someone who saw it habben you are just guessing with no back-up (like looking at it's recent history as mentioned)

Some of the absolute shit that is out there right now is H-I-L-A-R-I-O-U-S

>>144306, >>144321, >>144327

and speaking of that

TREK05 USAF C-17 Globemaster appears SE of Tokyo from Hickam AFB and just over Osaka right now-so we'll see where this goes

>>144328

and also as a reminder there is precedent for travel on a C-17 as Blinken and Austin went to Rzesow to "visit Zelensky" but they had enough time to have taken a train (doubt it highly but the time did pass)

>>134097 Blinken and Austin travel to Rzesow Airport on C-17s from April 24th

and the speculation actually began with Polish President Duda making the same "visit to Kyiv" on 0414 >>133273 but it was Nancy's trip that bang on confirmed it with the only 3 hours on the ground

>>144328

TREK05 USAF C-17 Globemaster began descent and looks like it's heading to MCAS Iwakuni (red dot)-it is 'frozen' in this position for the last 20 minutes or shortly after that cap taken

>>144334

noes you are muh nigga..appreciate it

sometimes I get a little 'over do' it mode-just becasue most of what I see is 'over don't' ober dhere

kek

>>144219 lb

SPAR19 USAF C-40C departing Hickam AFB and heading east after arriving from Travis AFB earlier today

So doubtful she was on the C-17 and now the real fun begins

>>144337

SPAR19 USAF C-40C heading to Singapore from It's Hickam AFB depart-this is also the headquarters of Indo-Pac so I'm guessing some 'spirited' discussions were had and a reason why there is no mention of a Taiwan stop on her released itinerary-also Larry Ellison was dhere and left to his Colonel Kurtz style compound on Lanai >>144273 while Nancy's AC was parked at Hickam

Planefag sticking with original assertion that this will be done-if she does it-on after Singapore/Malaysian portion of the trip-between the stop in Malaysia and Seoul-SoKo/Japan see here >>144185 lb

This trace is 2 hours old and 'frozen' in this position and was descending for a stop at Guam

(((they))) are really laying this nuclear weapons shit on HARD-see below

JASDF JF001 and JF002 777 PM Kishida (on 001) and escort departed Tokyo-Haneda Airport and heading to New York

Kishida expected to call for greater nuclear transparency

Japanese Prime Minister Kishida Fumio has left Tokyo to attend the review conference of the Treaty on the Non-Proliferation of Nuclear Weapons. The meeting is set to begin in New York on Monday. Kishida will be the first Japanese prime minister to take part in an NPT review conference. Before his departure Kishida said, "Given the divisions in the international community over nuclear disarmament and the nuclear threats posed by Russia, I am really concerned the international momentum to realize a world without nuclear weapons is regressing significantly." Kishida is expected to urge nuclear powers to be more transparent about their nuclear capabilities. He is also likely to announce the launch of a UN fund to help younger generations visit Hiroshima and Nagasaki, the two Japanese cities hit by atomic bombs 77 years ago.

https://www3.nhk.or.jp/nhkworld/en/news/20220801_02/

SPAR20 USAF C-40C departed Scott AFB NW-this probably another AC for Blinken's trip that starts in a few days >>144154 lb

Special Priority Air Resource

>>144293

SAM752 USAF G5 departed JBA west-this was SAM608 yesterday and returned from Cheyenne Regional Airport back to JBA

>>144237 lb

Australian AF ASY595 C-17 Globemaster did go to Dover for an overnight and now heading across the Atlantic for an eventual stop at Rzesow Airport, Poland

>>144261

>>144263 update #1

#977

>>144271 Planefag: SAM-fest over CONUS: SAM537 NW from JBA-prolly going for Nancy's visits, SAM608 went to Cheyenne, SAM578 east from Jackson Hole, SAM569 went to Appleton WI,VV100 US Navy G5 back to JBA from Ft. Lauderdale onight

>>144273 N817GS G650 Larry Ellison lands at his basically private Island of Lanai from Honolulu Int'l depart and interdasting that Nancy there at same time

>>144274, >>144324 ZULU82 looks like it tried to do MR60 and still werking on it

>>144275 Economic Schedule for Week of July 31st, 2022

>>144277 Garuda Shield: Indonesia, U.S to hold joint military exercises-starts on Monday

>>144279 AE678C US Navy P-8 Poseidon was south of Oahu now heading NW He was off SoCal earlier this week >>144087 pb on Thursday and based out of NAS Whidbey Island

>>144282 Top LDP lawmaker brushes off Unification Church controversy-they will make this a big issue-ongoing fer years that church sez money donated=karma

>>144293 SAM608 G5 back to JBA from 2h30m Cheyenne, WY stop-SAM578 also back at JBA from Jackson Hole onight

>>144300 AE67E9 US Navy P-8 Poseidon south from Hickam AFB-Oahu-in from NAS JAX yesterday

>>144306, >>144321, >>144327, >>144328, >>144330 Some stuff on Nancy's "trips" of the past "kyiv" and the others who made trips to Rzesow while sayin' they went to Kyiv-Blinken and Austin used Globeys to go to Rzesow-takes you to Planefag 101 thread-all the evidence of all the "leaders" not going to Kyiv..plenty of it

>>144307 Taiwan AF CAL2753 P-3 Orion on the western side of Taiwan heading north up the straightNotan every day sight that

>>144314 China Factory Activity Sees Shock Contraction on Covid Outbreaks

>>144337, >>144352 SPAR19 USAF C-40C departing Hickam AFB and heading east after arriving from Travis AFB earlier today and it was last seen descending to Guam for a stop and should be going to Singapore after it reappears

>>144354 JASDF JF001 and JF002 777 PM Kishida (on 001) and escort departed Tokyo-Haneda Airport and heading to New York-Kishida expected to call for greater nuclear transparency

>>144355 Planefag CONUS activity: SPAR20 USAF C-40C departed Scott AFB NW-this probably another AC for Blinken's trip/SAM752 USAF G5 departed JBA west/Australian AF ASY595 C-17 Globemaster did go to Dover for an overnight and now heading across the Atlantic

aye

ima guessing it's 'molasses' in dhere too

https://twitter.com/theinsiderpaper/status/1553749054512738307?s=21&t=VOtITw8RYd6bs_WNKXcZbw

>>144355

SAM752 USAF G5-red dot-heading for Lexington, KY from JBA

Jayhawk T-1As (picrel) elephant walk out of Alpena County Airport Michigan

SAM592 USAF G5 SW from JBA and prolly going to MacDill AFB (CENTCOM)

>>144365

kek

her AC wasn't even using satellite (ADS-C) fer comms so that why it's "stuck" in that position-it'll update as it gets closer to Singapore which is prolly her first stop cause it's listed that way

Canadian AF CFC4155 A310 went from Constanta, Romania to Warsaw Int'l-was at Constanta since yesterday-it left CFB Trenton and straight to Constanta so dis probably some military brass based on the callsign # and departure point

Italian AF IAM1437 KC-767 departed Nevatim AB, Israel after 20 hours on ground-arrived yesterday from Verona and a stop at Rome-it was at Beirut on 0729

In no way does it have anything to do with the on-going NYFRB Operations of between $30-40B every day..../s-and been creeping up back to $40B/nightly this week-of US Treasuries..and they say the ten-year is down (yield-wise becasue of "muh slow" economy)-the ten year note is consistently in the top 3-4 amounts of these operations-so want a result?...this

Securities Lending Operations-cap #2

https://www.newyorkfed.org/markets/desk-operations/securities-lending

30-Year Mortgage Rates Decrease to 5.13%

After reaching 6.28% on June 14th, 30-year mortgage rates decreased to 5.13% on Friday according to Mortgagenewsdaily.com. The 10-year Treasury yield has fallen to 2.66%, likely due to the weaker economy. Mortgagenewsdaily.com that shows the 30-year mortgage rate since 2017.

Although mortgage rates have fallen sharply over the last 6 weeks, rates are still much higher than earlier this year.

Last year, in July 2021, 30-year mortgage rates average 2.87% according to the Freddie Mac PMMS. So, rates are up 79% year-over-year!

https://www.calculatedriskblog.com/2022/07/30-year-mortgage-rates-decrease-to-513.html

pb

>>142799, >>142800, >>142801 Understanding NYFRB Operations:How this influence(s) market directions-Hypothecation and Rehypothecation of assets creating 1000s of claims

>>144251, >>144256 lb

Russian AF RFF9006 Tupolev 214-PU Special Flight Squadron Minister of Defense Sergei Shoiguback to Moscow-Chkalovsky Airport earlier today from St. Petersburg

>>144352

SPAR19 USAF C-40C updates just east of Manila after it's stop at Guam-still transmitting on ADS-B and no satellite

>>144379

SPAR19 USAF C-40C on descent for Singapore-Paya Lebar Airbase at 5150ft from Guam stop/refuel and Hickam AFB depart

Planefag: Europe activity

Canandian AF CFC4155 A310 departed Warsaw Int'l after ground stop of 94m

German AF GAF612 GLEX departed RAF Northolt after 4h46m on ground-prior stop at Memmingen Germany for 1h19m

Australian AF ASY595 C-17 landed at Prestwick Int'l from Dover AFB depart-next stop will be Rzesow for this one

RAF RRR6739 C-17 Globemaster departed Rzesow Airport, Poland after 96m stop-back to RAF Brize Norton

VP's AC went to Sochi yesterday and back to Moscow-spent about 90m on the ground-so probably a drop off

>>144355

SPAR20 USAF C-40C on ground at Anchorage-Ted Stevens Airport from Scott AFB, IL depart

Those other traces are the Japanese 777s passing by earlier-they have the range and do not need to stop at Anchorage-they are currently over Minnesota (JF001-PM Kishida) and JF002 WN of Winnepeg

Greg Phillips was Right - Nothing but Noise…

Pelosi caves to China…

Pelosi confirms trip to Asia but doesn't mention Taiwan

She said she will visit Singapore, Malaysia, South Korea and Japan.

https://www.politico.com/news/2022/07/31/pelosi-asia-trip-taiwan-00048822

>>144386

>>144388

muh comment this am was:

this is a hard sell for normies

mil red lines

if this then that, straight up

has been planned from the beginning

just waiting it out

but we've been given the opportunity to open eyes and awaken peeps to possibilities so let them psy op all day long, we'll just it to our advantage, this is an info war, period

@Nana17

·

9m

GITMO, Diego Garcia and Tierra Del Fuego must be full. Isn’t Nancy Pelosi in Guam as I type? Sweet 👀👀👇

>>144390

>anderson afb as overflow

ayefirmative they told us that in 2018

That AC had about enough range to get to Singapore w/o that stop--the stop in Hawaii was getting a talking to by Indo-Pac that I'm sure took place yesterday...bet they basically said "fuq off bitch you ain't going" and they got everyone talking about it already so don't even need to go

>>144394

>>144395

liquor bottles are heavy too

>>144354, >>144383

JASDF JF001 777PM Kishidaon descent for JFK Int'l from it's Tokyo Haneda depart earlier today with JF002-the escort-behind

>>144366

SAM592 USAF G5 back at JBA after 2h18m on the ground at MacDill-landed about an hour ago

>>144319

SAM537 USAF G5 departed Anchorage earlier after an overnight and heading for Yokota AB, Japan for a stop/refuel

some nightshift cherry blossum action

They are pinning this entire Algorithmic-driven system on these three traders-the "we were clicking like crazy to cancel the orders" the spoofing-which is only a small part of it-this is programmed trading all the way and has been for many years-but it sounds better if they can put a human face on it as they are trying to do-this is Jamie Dimon, Blythe Masters, William Daley and their handlers 100%

From Profits to Pay, JPMorgan’s Gold Secrets Spill Out in Court

The trial of JPMorgan Chase & Co.’s former head of precious metals has offered unprecedented insights into the trading desk that dominates the global gold market.

Michael Nowak*, who ran precious metals trading at JPMorgan for over a decade, is being tried in Chicago along with colleagues Gregg Smith and Jeffrey Ruffo for conspiring to manipulate gold and silver markets. The focus now is on the jury, which began deliberations late Friday, but the proceedings have already shone a new light on the inner workings of the business, from its profitability and market share to its largest clients. The court was shown internal figures detailing the bank’s annual profits from precious metals, the first time such detailed information has ever been made public. JPMorgan’s earnings reports don’t break out the results from the precious metals desk, or even its broader commodities unit. A spokesperson declined to comment on the disclosures in the trial.

In summary: the business is a consistent moneymaker for JPMorgan, notching up annual profits between $109 million and $234 million a year between 2008 and 2018. The lion’s share of that comes from trading in financial markets, but the bank does plenty of physical business as well. Trading and transporting physical precious metals makes the bank about $30 million a year on average.

Still, the profits disclosed in the trial have been overshadowed more recently: in 2020, JPMorgan made $1 billion in precious metals as the pandemic created unprecedented arbitrage opportunities, according to people familiar with the matter. JPMorgan holds tens of billions of dollars in gold in vaults in London, New York and Singapore. (and if you believe that....see hypothecation and rehypothecation) It is one of four clearing members of the London market, where global gold prices are set by buying and selling metal held in a few London vaults -- including JPMorgan’s and the Bank of England’s. JPMorgan is the biggest player among a small group of “bullion banks” that dominate the precious metals markets, (Shitibank is the other and that was recently uncovered as the switched the Gold derivatives from the FOREX classification back to precious metals-where they always should have been-and having JPM in there was no big revelation but it did expose Shitibank as the second largest one in Au**) and internal documents presented by prosecutors provided a glimpse of just how dominant a role the bank has played.

In 2010, for example, 40% of all transactions in the gold market were cleared by JPMorgan. JPMorgan’s top precious metals employees on the desk were remunerated handsomely, and some jurors audibly gasped when the court was told how much the defendants had earned.

Ruffo, the bank’s hedge fund salesman, was paid $10.5 million from 2008 to 2016. Smith, the top gold trader, got $9.9 million. Nowak, their boss, made the most of all: $23.7 million over the same period.

Their pay was linked to the profits they made for the bank. FBI agent Marc Troiano, citing internal JPMorgan data, told the court that the total profit allocated to Ruffo from 2008 to 2016 was $70.3 million. Smith generated about $117 million over the same period, while Nowak made the bank $186 million, including $44 million in 2016. Hedge funds like Moore Capital, Tudor Investment Corp and George Soros’s eponymous firm were some of the desk’s most important clients. Getting access to those clients was the main reason for retaining Ruffo after the bank’s acquisition of Bear Stearns, according to ex-trader Christian Trunz, who testified against his former bosses and referred to Ruffo as the best salesman on Wall Street. Being a top client of JPMorgan came with perks: employees at the funds could be provided with free tickets to the US Open, according to messages involving Nowak shown during the trial.

Another set of important clients were central banks, which trade gold for their reserves and are among the biggest players in the bullion market. At least ten central banks held their metal in vaults run by JPMorgan in 2010, according to documents disclosed in court.

https://www.bnnbloomberg.ca/from-profits-to-pay-jpmorgan-s-gold-secrets-spill-out-in-court-1.1799653

*This is the fall guy-he will be convicted and they will say it was all him and thus they shield from view who was directing this...ain't no way you have one person responsible for all of this (along with two others) and they were acting alone..this is how they shield the upper mgmt and the handlers from view-the rogue trader story-it's as old for as long as there have been markets to trade in

https://www.bnnbloomberg.ca/from-profits-to-pay-jpmorgan-s-gold-secrets-spill-out-in-court-1.1799653

This article is being placed only to show the progress of this but it is a complete show trial to pin it all on a small number of people when, in fact, it is done automatically via High Frequency Trading (HFT) the spoofing part is just a small part of the overall problem-namely a regulatory capture of the entire trading system via HFT's-the metals markets are no different than any others

** >>140113 Notional Amounts of Derivative Contracts by Contract Type and Maturity (Precious Metals) and most of this is Silver

>>140198 and the correction when the change in Au from FOREX to precious metals was realized

Plus if you look at the chart in cap#1 you'll see 2011-here is the background on what habbened then that allowed that amount of profit to be realized

>>128059, >>128060, >>128061 Mkt Fag: Derivatives and Silver price containment/JP Morgan and Hussein Admin used UBLs 'death' to manipulate

Current Chair of the SEC Gary Gensler presided over that mess as chair of the CFTC at the time

>>144400

SAM537 USAF G5 is on ground at Seoul-I believe (it is heavily spoofed and been frozen at this point for over an hour) but is has updated the altitude to show it is now on the ground where it is displayed -I cannot verify it but it is likely Osan AB in Seoul, SoKo and since that is one of Nancy's destinations in her 'trip' it's probably an advanced team for that

Since it has frozen in position about equal to Osaka/Kyoto on the map and it takes about one hour (flying time-already in air) from Osaka to Seoul this is where I suspect it had landed'''

>>144413

it's always got something to do w/ jubilee

Now some of it will be taken away simply because of the way it was created/put into existence but it's not gonna be "free __ for everyone/thing"

That is how they get people to believe it

"I reads it on muh inet so it hazta be true!"

The other version of that was the RV or 'ReValue" but no one every asks revalue of wut?..

The current system...derp!!

That why the crypto argument is pure fantasy too "good vs bad" cryptos

>>144418

100% agree on that the arguments are always the same tired old "it's a ledger" or the best one "you just don't understand it"

I understand it perfectly fine..it's not based on productivity or tied to anything of real value and I nominate THIS* as the first thing to be removed along with the ability to create anything that papers over 'mistakes' which cryptos do based on what they say is 'traded' in them each and every day-they always miss that part.

* >>140104 O.C.C Quarterly Derivatives Report Q1 2022-June 21st (release date), 2022-an avg increase of 18.55% for the top 6 OTC derivative holders Q4 2021 to Q1 2022

You fug up you eat it..easy enough to understand

kek

>>144354

>He is also likely to announce the launch of a UN fund to help younger generations visit Hiroshima and Nagasaki, the two Japanese cities hit by atomic bombs 77 years ago.

>>144261

>>144263

>>144357

#977

>>144271 Planefag: SAM-fest over CONUS: SAM537 NW from JBA-prolly going for Nancy's visits, SAM608 went to Cheyenne, SAM578 east from Jackson Hole, SAM569 went to Appleton WI,VV100 US Navy G5 back to JBA from Ft. Lauderdale onight

>>144273 N817GS G650 Larry Ellison lands at his basically private Island of Lanai from Honolulu Int'l depart and interdasting that Nancy there at same time

>>144274, >>144324 ZULU82 looks like it tried to do MR60 and still werking on it

>>144275 Economic Schedule for Week of July 31st, 2022

>>144277 Garuda Shield: Indonesia, U.S to hold joint military exercises-starts on Monday

>>144279 AE678C US Navy P-8 Poseidon was south of Oahu now heading NW He was off SoCal earlier this week >>144087 pb on Thursday and based out of NAS Whidbey Island

>>144282 Top LDP lawmaker brushes off Unification Church controversy-they will make this a big issue-ongoing fer years that church sez money donated=karma

>>144293 SAM608 G5 back to JBA from 2h30m Cheyenne, WY stop-SAM578 also back at JBA from Jackson Hole onight

>>144300 AE67E9 US Navy P-8 Poseidon south from Hickam AFB-Oahu-in from NAS JAX yesterday

>>144306, >>144321, >>144327, >>144328, >>144330 Some stuff on Nancy's "trips" of the past "kyiv" and the others who made trips to Rzesow while sayin' they went to Kyiv-Blinken and Austin used Globeys to go to Rzesow-takes you to Planefag 101 thread-all the evidence of all the "leaders" not going to Kyiv..plenty of it

>>144307 Taiwan AF CAL2753 P-3 Orion on the western side of Taiwan heading north up the straightNotan every day sight that

>>144314 China Factory Activity Sees Shock Contraction on Covid Outbreaks

>>144337, >>144352 SPAR19 USAF C-40C departing Hickam AFB and heading east after arriving from Travis AFB earlier today and it was last seen descending to Guam for a stop and should be going to Singapore after it reappears

>>144354, >>144420 JASDF JF001 and JF002 777 PM Kishida (on 001) and escort departed Tokyo-Haneda Airport and heading to New York-Kishida expected to call for greater nuclear transparency

>>144355, >>144383 Planefag CONUS activity: SPAR20 USAF C-40C departed Scott AFB NW-this probably another AC for Blinken's trip/SAM752 USAF G5 departed JBA west/Australian AF ASY595 C-17 Globemaster did go to Dover for an overnight and now heading across the Atlantic-SPAR20 went to Anchorage

>>144368 Canadian AF CFC4155 A310 went from Constanta, Romania to Warsaw Int'l-Italian AF IAM1437 KC-767 departed Nevatim AB, Israel after 20 hours on ground-arrived yesterday from Verona and a stop at Rome-it was at Beirut on 0729

>>144370 30-Year Mortgage Rates Decrease to 5.13%-want a result? see NYFRB Securities Lending Ops

>>144376 Russian AF RFF9006 Tupolev 214-PU Special Flight Squadron Minister of Defense Sergei Shoiguback to Moscow-Chkalovsky Airport earlier today from St. Petersburg overnight

>>144379, >>144380 SPAR19 USAF C-40C Nancy and the politicians >>144373 updates just east of Manila after it's stop at Guam-still transmitting on ADS-B and no satellite and then on descent at5150ft for Singapore-Paya Lebar Airbase

>>144381 Planefag Europe activity: Canadian AF left Warsaw-Germans departed RAF Northolt-Australians went to Pestwirck from Dover AFB-RAF Globemaster west from Rzesow Airport load out

>>144382 VP's AC went to Sochi yesterday and back to Moscow-spent about 90m on the ground-so probably a drop off

>>144384, >>144387 pelosi vs china poorly run info op-Pelosi confirms trip to Asia but doesn't mention Taiwan

>>144390, >>144394 GITMO, Diego Garcia and Tierra Del Fuego must be full. Isn’t Nancy Pelosi in Guam as I type? Sweet 👀👀👇

>>144400, >>144414 Japanese PM Kishida landed at JFK SAM592 back at JBA from MacDill SAM537 went to Seoul

>>144409 From Profits to Pay, JPMorgan’s Gold Secrets Spill Out in Court-They are pinning this entire Algorithmic-driven system on these three traders

>>144420

night