/qrb/ - QResearch Bunker

dough

https://fullchan.net/?1ceaa59dc7ac9a6b#8XvA6ENQGn2jgfnsKMC8NkyaagiTdjC2Kk9Bd5bodJTg

https://controlc.com/a03896bb

baker off duty

Rest break commencing, this bread is a GHOST

See ya'll in the am

o7

https://www.sciencedirect.com/science/article/pii/S2214750021001268

Vaccines and sudden infant death: An analysis of the VAERS database 1990–2019 and review of the medical literature

Highlights

• Additive or synergistic toxicity may occur following multivalent vaccination.

• Infant deaths post-vaccination are often misclassified as SIDS or suffocation in bed.

• Of all reported SIDS cases post-vaccination, 75 % occurred within 7 days (p < 0.00001).

• Inflammatory cytokines in the infant medulla act as neuromodulators causing prolonged apneas.

• Adjuvants that cross the BBB may induce fatal disorganization of respiratory control.

Abstract

Although there is considerable evidence that a subset of infants has an increased risk of sudden death after receiving vaccines, health authorities eliminated "prophylactic vaccination" as an official cause of death, so medical examiners are compelled to misclassify and conceal vaccine-related fatalities under alternate cause-of-death classifications. In this paper, the Vaccine Adverse Event Reporting System (VAERS) database was analyzed to ascertain the onset interval of infant deaths post-vaccination. Of 2605 infant deaths reported to VAERS from 1990 through 2019, 58 % clustered within 3 days post-vaccination and 78.3 % occurred within 7 days post-vaccination, confirming that infant deaths tend to occur in temporal proximity to vaccine administration. The excess of deaths during these early post-vaccination periods was statistically significant (p < 0.00001). A review of the medical literature substantiates a link between vaccines and sudden unexplained infant deaths. Several theories regarding the pathogenic mechanism behind these fatal events have been proposed, including the role of inflammatory cytokines as neuromodulators in the infant medulla preceding an abnormal response to the accumulation of carbon dioxide; fatal disorganization of respiratory control induced by adjuvants that cross the blood-brain barrier; and biochemical or synergistic toxicity due to multiple vaccines administered concurrently. While the findings in this paper are not proof of an association between infant vaccines and infant deaths, they are highly suggestive of a causal relationship.

...

>>83099

PDF

>>83096

morn'n baker at your six

kitch is staffed

>>83103

(1/4) Many have asked me for my thoughts on the current situation in Afghanistan. Since it figures so critically in my background and analytical qualifications, I will give them here in this space. Be mindful that this will be a long post and may break into multiple sections.

I was assigned to the 4th Combat Aviation Brigade out of Fort Hood, TX, as a second lieutenant fresh out of Military Intelligence Officer Basic Course in 2009. I took up my role as the Assistant S-2 (Intelligence Officer) in one of the brigade’s two Attack battalions (Apaches). The S-2 serves as an advisor to the commander (in this case, a battalion is commanded by a lieutenant colonel). The assistant S-2 is clearly the new guy learning under the more experienced primary S-2, typically a captain or senior first lieutenant.

The brigade was just returning home from a deployment to Iraq when I arrived, but thanks to the troop surge coming in Afghanistan, was quickly spun up for a new deployment under a new brigade commander (one of the greatest leaders I’ve ever known), Col. Dan Williams. Notice of the deployment came in Dec 2009 when the colonel told me “poppy fields in June” at a brigade dining event. I had just been promoted to 1st lieutenant at this time.

By April, our brigade was divided into multiple task forces (with the task forces now holding three types of helicopter – Apache, Chinook, Blackhawk, but not Kiowa). I was shifted to another battalion-sized task force that was going to be missing its S-2 for the first few months of the deployment due to personal reasons. He was a captain, and had experience in the Iraq tour the unit completed in 2009. I was fortunate to have been trained by a brilliant officer, 1LT/CPT Wightman - a great guy with whom I've never agreed with politically. He helped me immensely to develop critical S-2 skills.

I had the same analytical skill then as I do now – but without the combat experience and day-to-day know-how that comes with “soldiering.” That is why God made NCOs (non-commissioned officers). For several months, my intelligence section operated with three people, when we were allotted eight on paper. 1LT Keshel, SSG Head, and SGT Millhouse. SSG Head (now retired SFC) was an infantryman by trade who transitioned to MI (Military Intelligence) MOS. As the NCO in charge, his job was mainly to lead our analysts and perform essential administrative functions, but due lacking manpower and the demand of 24 hour operations, he was pressed into a more analytical role than his position would typically entail. One of his duties was getting me straight. He laughs still when we talk about the first rocket that landed near us on Kandahar, the first full day in Afghanistan. He didn’t move from his bunk. I followed the entire drill, including hitting the deck and then going to a bunker. The next time a rocket hit, I didn’t move either. You never forget that level of embarrassment. Over the course of several months, SSG Head got me set up for success, right around the time our captain came in country.

My dad died in September, three months in. I went home for his funeral, and when I got back the captain (CPT Kolano) was back. We are the same age – he graduated college a year ahead of me and therefore was ahead of me in career progression. We had both been 1LTs at the same time, and he made CPT a year before I did, going into this deployment. One drawback of battalion staff sections is that officers often hold the same rank, and become friends, and then have to report one to the other. Of course there is basic professionalism, meaning that no one will undermine the one who outranks them – but it’s not always easy. CPT Kolano and I didn’t really get along personally during our deployment, but fortunately we actually became real friends when we returned and were sent to the Captains Career Course together in Arizona. He is still in, a Major – one of the better intelligence minds I met in the Army – a strategist, workaholic, and fitness nut. We gelled pretty well about halfway through the tour

>>83103

>>83103

>>83104

anon is grieving, people

Can't say anon didn't try.

Seth Keshel on Afghanistan.

2/4) He would run day operations and briefings, and I would create and disseminate the intelligence summaries that influenced operations in all of RC-West. It was the most widely disseminated intel summary in all of the region, which is the size of Georgia. I would handle deliberate operations missions briefings in the middle of the night and brief pilots in the early morning hours before we traded posts. All in all, I spent about 4 of my 12 months as the primary S-2 in his absence, and 8 as the Assistant S-2, working a cross shift that included the night hours.

It was late in 2010 that I began reading “Counterinsurgency in Modern Warfare” by Marston and Malkasian. After shooting out the intel summary and eating midnight chow, I would go to the back office, and when free, would read that book to the hum of our generators. The book assembles a series of historical vignettes outlining failed counterinsurgencies throughout recent history. The bottom line was clear – counterinsurgency doesn’t work – unless it is conducted on an island. Navies can be used to patrol islands and keep enemy fighters, weapons, and supplies out. The forces on the island can then be used to separate insurgent factions from peaceful factions. And once separated, the insurgents can be eradicated. It sank in like the stone on Goliath’s forehead. Immediately, given that I was paid to think strategically, I abandoned all hope that we would ever win the war in Afghanistan. Since I was already in an aviation brigade, I thought at the “30,000’” level just as I see the political landscape today. It was at this time, looking at upcoming deployments going as far out as eight years, that I started to see the hopelessness in making this my career. Now I’m very glad I began to feel that way.

Our unit got to the point to which Apaches were using $70,000 hellfire missiles to destroy $50 repeater towers on mountainsides made of duct tape and PVC pipe. One time, we had to shoot TWICE! Our pilot teams were hamstrung by our own lawyers – having to call for clearance to fire at enemy fighters who were clearly engaging our ground troops and causing needless casualties. A couple of our pilots were permanently grounded and lost their wings because they had to fire in defense of ground troops, and accidentally fragged some with danger close engagements. Coalition “partners” in our region were giving away communications equipment to the Taliban in exchange to not be attacked. Guess who was getting attacked.

Counterinsurgency (COIN) exists in a textbook at Fort Huachuca. They preach it like it is gospel. If you point out that the only successful modern counterinsurgencies take place on islands, or in antiquity, when every living and breathing thing in a given nation is put to the sword, you get scoffed at. In the textbook, we have our successful decades long COIN operation when the nation (in this case, Afghanistan) is able to provide its own security. The Afghan National Army (ANA) and Afghan National Police (ANP) were the two primary entities tasked with learning to stand up and take their own bullets so we didn’t have to.

Want to know what they were busy doing in my 2010-11 tour? They were going out on patrol and selling ammunition to the Taliban and other terror cells. Then they would return to their duty stations and claim that they expended however many rounds they sold off and get replenished – and the cycle continued. One time, I went for a run when I wasn’t on shift, just so I could stay in some sort of decent physical condition. I carried my rifle with me and ran with it like a private at Marine boot camp, primarily because you never want to be *that guy* that loses his weapon in a combat zone, but also because we shared our base with pit vipers, wild dogs, and most notably, Afghans. Keep in mind, these are the ANA/ANP that are supposedly on our side, but one of the biggest threats to coalition forces in the entire country, right behind IEDs, was getting shot in the back of the head at dinner by the ANA or ANP. Most senior

>>83102

>>83104

>>83107

Seth Keshel

https://t.me/RealSKeshel

3/4) officers who have died in Afgh in the past decade have been killed by friendlies, either in cold blood, or in coordinated suicide attacks using people on our bases (contractors, ANA, ANP, etc).

On that run, I went out a few miles and found myself lost (lieutenant, okay) – a few turns around some jersey barriers and HESCO baskets later, I found myself on the ANA camp. I don’t hide very well, and I saw a bunch of pointing going on - I am guessing at the giant American officer surrounded by miniature Afghans – and I booked it out of there. These are our “allies.” These are the people responsible for guaranteeing the future safety and security of Afghanistan, at least according to the textbook. It was in these months in the transition from 2010 to 2011 that I realized counterinsurgency was hopeless. My mind began to think about life not in the military, giving my best years and risking myself for something so futile. I’ve told the story before in an article about my future assignment to Alaska when I read “Liberty Defined” by Ron Paul, which cemented in my mind the need to find a new career. I put in my papers to leave just three months after reading the chapter pertaining to endless war.

On the current issue itself – the mission in Afghanistan died of a Stage IV cancer that had first been discovered in 2001. As useless as he is, and with his means of occupying the White House being what they are, this is not the complete fault of Joe Biden. It is the summation of 20 years of useless war in a place called THE GRAVEYARD OF EMPIRES. A “graveyard,” for goodness sakes, and we thought we would turn out different? Most veterans before the internet became the all-powerful self-education tool it is believed in the mission to get even after 9/11. That was my inner drumbeat when I was signing up. We didn’t think about the history – we thought about the imagery – all the G.W. Bush phony patriotism and feeling like we needed to have his back when the media did their thing. We didn’t realize the lies of the fake political system and the fake neo-con patriotism – the same patriotism that leads the military bases in Afghanistan to have three contractors for every one soldier standing in the chow line, and occupying the phone tent when you want to use that 15-minute window to call home. It is indeed a military industrial complex.

What is old is new. The more things change, the more they stay the same. The British tried for many years to pacify Afghanistan, centuries ago. Abject failure. The Russians wasted a decade there and were sent running like scalded apes. We spent two decades there. You could potentially make the case for “justified warfare” for a year after 9/11, with valid intelligence on targets. But once the targets became hunted, the ones with strategic value left. Why do you think it is that we killed Bin Laden in Pakistan? The Pakistanis acted surprised that he was there. But they knew. Blood is thicker than water. That is why Karzai said a decade ago that he would side with the Pakistanis over America in a war. I remember commenting at that time that if I were President, I would have every single American soldier home by December, and let them figure it out.

Why all the issues? The nation is and has always been run by warlords. Vacuums continue to open and be occupied by the one with the most guns. These are savages. These are people who stone women for learning how to read – yet our idiot leftists and their media lapdogs have the audacity to liken traditional Americans to the Taliban. What a disgusting insult.

The warlords do not share Western beliefs and values. They, thanks to their fundamentalist belief systems, do not recognize the dignity of the individual. We have rights in this country because we were founded on the simple belief that man is made in the image of God, and therefore deserves dignity. With dignity comes rights. We enshrined them in our founding documents. The people of Afghanistan are viewed as serfs to be ruled.

The convenient excuse of extending rights

>>83108

>>83102

>>83104

>>83107

Seth Keshel

https://t.me/RealSKeshel

anon thinks all the vicious hatred toward DJT POTUS and that toward the "extreme Conspiracy Theorists" is fueled by the SIN WHICH STICKS SO STRONG ON THE SOULS of the Perpetrators and their enablers and on those who stood by quiet.

If they know enough to hate and to disparage truth tellers, what does that prove?

Seth Keshel

https://t.me/RealSKeshel

(4/4) and liberty to Afghanistan was a lie. It is the military industrial complex speaking. We have domestic problems here that could have been addressed for the entirety of the Afghan war, without the loss of life, limbs, eyesight, blood, and treasure in a second Vietnam. This is why neo-con warlords like John McCain, Jeff Flake, Dan Crenshaw, Adam Kinzinger, G.W. Bush, and others, must be roundly ridiculed, mocked, despised, and rejected.

The military is a great place for a boy to become a man. I am glad that I served because I have the foundation of resiliency, determination, and realism that I otherwise would never have developed. Veterans are great employees because they can be in the right place, at the right time, and the right uniform. Discipline, personal pride, and fitness (physical and ideally, mental) are hallmarks modern veterans have.

Those veterans will attest to what I’m saying. None of what I wrote is to detract from the bravery of veterans of Iraq and Afghanistan. One of my best friends was a Marine combat engineer (Captain) who has had his life ruined by that stupid war. He is brave, led his men with valor, at the cost of concussing himself permanently and undergoing the emotional trauma that has caused great personal hardship. He reminds me of my Dad – who dealt with his issues from Vietnam in ways that often caused great pain to others, against his own desires.

In summary – though I have wandered – there was never a way to win a war in Afgh if we view “victory” as the locals being able to govern their own country. That was a lie used by the military industrial complex to engage in a war that is two decades long. We were astonished that we were serving there ten years after 9/11. Now that number is twenty years. I was new in my career when I showed up there, with just 2 years of service. If I were still in today, I’d be a Major, a couple years from Lieutenant Colonel, with 13 years of service. No results.

The only way to win it was to destroy everything that breathes and start over. I do not endorse that method because there are many innocents in Afghanistan, and there is no public will to do that, fortunately. That is how things were done in the days of Alexander the Great and Genghis Khan. But since Afghanistan is the size of Texas, bordering 6 nations, there are few strategic targets worth eliminating now. We are eliminating pawns, 19 year olds paid a hundred bucks and given an AK-47 and a couple Chinese rockets to fight for their own country. The knights, rooks, and bishops are hiding out in Pakistan or Iran, funneling money, explosives, and other weaponry into country to maim and kill coalition forces. Our leaders knew this all along but continued. Trump knew this, but knew that if he pulled the plug immediately, he would be blamed for exactly what you see going on right now – the same scenes from “Blackhawk Down” with our equipment and unit regalia being paraded down dusty roads, to our humiliation as a nation. Trump did what he could to empower our Generals to make the kinetic decisions to get as much done as possible, and he dwindled troop levels down enough to pave the way for a withdrawal – but two decades of horrific decision making has its consequences.

I hope this sheds light on the true picture in Afghanistan. It was doomed to fail, and now you see it all coming to fruition.

>>83109

>9/11

Oldy but goodie here

4:55

Is Corbett MIL?

Y

>>83111

digits

"from your mouth to God's ear"

Looky, ex-President ("fleeing") has profile consistent with C-A / Cabal provenance.

>>82965 pb

>>83101

baker psa

have a morning irl to tend to in about 20min. will not affect the bread stewardship. keep on doing your monday best and i will be back to collect soon enuff.

>>83111

Thermite / Thermate is BS

just sayn'

They layer their cloaks.

On a lighter note.

Lucas Cranach? anon wonders who that was?

Check it out. He even has the dope pipe around his neck?

Jim linked here

https://8kun.top/qrb/res/82809.html#82822

Whoever posted these, feel proud.

>>83116

Hi.

>>83120

yes, I read her book and followed her lectures.

Why do you say she's a psycho?

Can you give an example?

She's the real thing. Why do you think she was attacked so hard?

The "official" Truth movement? Attacks against them were much weaker than against Dr. Judy. I wonder why.

Did you read the book or are you lying?

I have the book right here. I can check you.

>>83120

"Space laser" propaganda was pushed by shills.

That was sophistry.

If you read it, you'd actually know she was silent on the specific weaponry

She is an actual scientist - as compared to the assholes who attack her.

And who mis-represent her work

The book is ~500 pages long

The chance you actually read it and still spout off about "space lasers" is minuscule.

>>82956, >>82963, >>82972, >>82976, >>83030 pb WHERE IS JOE?? London delta 3/14-3/28

Go figure...they must have gotten the message last night.....tanker ober Not AF1 Joe at Camp David Position.

So they are trying nao at least....kek

WINK70 USAF KC-135 tanker ober Not AF1 Joe is at Camp David position.

ZEUS11 USAF RC-135V Rivet Joint done off Crimea in Black Sea and heading se

Not AF1 Joe receives the President’s Daily Brief [Note: Time not specified]

https://factba.se/biden/calendar

>>83129

learn logic

anon wrote "a lot"

not "every"

Well didn't I?

Take an elementary logic course and throw in one for reading comprehension.

Confiming initial profile

Neglects to read carefully

Exaggerates.

Mis-characterizes anons position in order to (fake) refute it.

your manual needs to be updated.

>>82955 pb Biden admin to announce historic increase in food stamp benefits

Biden lifts SNAP benefits by 30% in historic move

The Biden administration on Monday announced a historic expansion to the nation’s food stamp program, a decision that will give more than 40 million Americans about 30% more to spend on groceries while racking up billions in costs to the program.

"To set SNAP families up for success, we need a Thrifty Food Plan that supports current dietary guidance on a budget," said Stacy Dean, deputy undersecretary for food, nutrition, and consumer services, in the detailed report. "Too many of our fellow Americans struggle to afford healthy meals. The revised plan is one step toward getting them the support they need to feed their families." Average monthly benefits, which were $121 per person before the COVID-19 pandemic, will increase by $36.24 per person, or $1.19 per day, totaling $157.24 monthly. The changes, which do not require congressional approval, are based on updates the Department of Agriculture made to the Thrifty Food Plan (TFP), an estimate of the cost of a nutritious diet for a family of four. Food stamps, or the Supplemental Nutrition Assistance Program (SNAP) are used by more than 40 million Americans – or roughly 12% of the total U.S. population.

U.S. lawmakers passed the Farm Bill in 2018 which, among other things, directed the Department of Agriculture to re-evaluate the TFP no later than 2022. According to the department, the TFP has not been updated since 2006 despite major changes to dietary guidance, food prices, and what Americans purchase and eat.

https://www.foxbusiness.com/economy/biden-administration-snap-food-stamps-benefits-increase

>>83136

morning B

>>83101

>>83138

mornin wakes

mornin G man

SAM066 USAF C-32A nw from JBA and doin' a go around at Niagara Falls Int'l Airport

C101 US Coast Guard G5 departed JBA and doin' a fly by at Wilkes-Barre/Scranton Int'l Airport

>>83143

good

nao the g's can't fear pron ya bout it

RAF NAG62XT C-17 Globemaster appears coming out of Pakiland and heading back to Al Minhad AB, Dubai

Second load out for this AC since yesterday

>>83150

can hang fer a bit longer. habs a 12pm'r and a 2pm'r today.

you guud?

>>83134

Looks like someone decided to trot Joe out later and got the message.

Schedule change has Not AF1 Joe going back to WH for Not AF1 Joe delivers remarks on Afghanistan by 1:00 pm

https://factba.se/biden/calendar

>>83154

and CCP commences with world agenda

JOE BIDEN’S SAIGON: Afghans Fall from Plane Fleeing Kabul Airport — Crowds at Airport Worse than Withdrawal from Vietnam

https://www.thegatewaypundit.com/2021/08/joe-bidens-saigon-man-falls-plane-fleeing-kabul-airport-crowds-airport-worse-withdrawal-vietnam/

https://twitter.com/JohnBasham/status/1427127447015903235?s=20

someone finally looked at a map

wonder when they will get to the silk road stuffs?

BIDEN

I will be addressing the nation on Afghanistan at 3:45 PM ET today.

https://twitter.com/POTUS/status/1427285626429353987

prolly the only speech where he'll actually have an audience

TOLOnews @TOLOnews

Video: People run on tarmac of Kabul international airport as a US military aircraft attempts to take off.

https://twitter.com/TOLOnews/status/1427204278695997442

>>83126

>Sea horse

"Someone choosing to jump to their death would likely choose to carry something special with them, perhaps a photo of their beloved one or even a briefcase.

Yet it is striking that none of the people in these photos appear to carry anything,

as if they were caught completely by surprise, perhaps on the way from the restroom."

>>83184

every last detail of this has been planned.

Q pointed to MI6

slo jo made pic in England

MI6 sloggin out propoganda

kek

Richard Grenell

The @ap’s White House reporter @ZekeJMiller (who tweets regularly) has NOT tweeted about the White House releasing a photo outing Intel

officials in Doha.

Outing Intel officials is illegal.

https://twitter.com/RichardGrenell/status/1427274141980262414

>>14364000 [pb]

Oh boy.

https://twitter.com/gregkellyusa/status/1427083325068427264

https://archive.is/kElfx

last pic Wembly?

>>83179

gonna start watchin these airport vids to see if there are any women or children

good to document, take a closer look for patterns

who is trying to leave?

saw one women in that seven sec video who appeared to be dead or sleeping - not a local, given the attire

here's a repost of that vid - this is from last night, someone asking "what is this?"

later, 5 people were reported dead - but didn't pick it up coz seemed rumor-like, not solid

same ones in this vid?

Also: What is TOLO (lotsa vids from them)? Afghan media i think but who is behind them?

>>83189

thanqs for the notez wakers

caker gotz it

habs a smoov one

https://twitter.com/JackPosobiec/status/1427280823791796228?s=20

>>83187

It's AT&T stadium rush from 2017. You can see jearsy numbers on the far right pic lol.

>>83191

tanks fer the 6 brah. czech back inna bit

POTUS-Tweets re: Afghanistan

Interesting.

Almost like that Trump is president naow?

https://twitter.com/DonaldJTrumpJr/status/1427267761349214213?s=20

So Dan gave us this same timestamp last night, but in pm. Also, he mentions 8 (months) + 9 (total s's in loser) = 17

Dan Scavino🇺🇸🦅

@DanScavino

WTF is this RINO even saying? I’ve been a private citizen for the past 8 months now. Nothing like living rent free in their heads, what a lossssssssser! Settle down Kinzinger, real Americans won’t forget how much of a phony you were…

11:06 PM · Aug 15, 2021·Twitter for iPhone

https://twitter.com/DanScavino/status/1427104575056666624

https://www.thegatewaypundit.com/2021/08/cnn-reporter-kabul-just-chanting-death-america-seem-friendly-time/

this the peaceful protest sheitz?

https://twitter.com/JacquiHeinrich/status/1427113848126021636

Afghan, or "Afc_an"?

https://twitter.com/williamlegate/status/1426927462320066575

https://archive.is/LeYME

The Taliban has announced their political agenda for Afghanistan includes:

- Abortion is banned

- Gay marriage outlawed

- Rejection of science

- No vaccines (against their religion)

- No separation of church & state

- Religion taught in schools

Oh noes, they will all die because of the cooof flu

https://twitter.com/EzraACohen

twat won't let me click on twats to pull them up unless I sign in

>>83141

anon can tell by their titles THAT SOME OF THEM are shit

For instance the Thermate / Thermite garbage

half chan

?

Figures

(Sorry you're autistic.. Must Suck.)

I didn't claim anything

You mis-characterizing what I wrote and that was was plain to see.

No need for characterization.

And attacking me for something I never said

to wit

that all the vids were all bad

I never wrote that.

I'm supposed to what? Find the one vid I think looks cool

Watch it

Research it

And then tell you I found one that wasn't shit?

You're not just autistic. You're insane

And I hold back from ever using that as a throw away line.

Stay safe.

>>83207

audits not gone

repost for morning crew

CodeMonkeyZ [Ron Watkins]

There is an URGENT need for volunteers to help canvass Maricopa County.

Project will last 1 -2 weeks.

You need to be in Arizona to help canvass.

If you've ever wondered how you can help out, well here is your chance!

Please sign up:

https://itsmellsfunny.com

>>83168

https://archives.globalresearch.ca/articles/BRZ110A.html

https://www.lowyinstitute.org/the-interpreter/china-s-pipeline-dream-pakistan

>>83142

SAM066 USAF C-32A finished at Niagara Int'l wif go arounds went down the east coast and then west at Clowntown

>>83131

WINK70 USAF KC-135 tanker went back to Portsmouth Int'l Airport, NH after Not AF1 Joe at Camp David dooty

Fed Tells Judge Scrapping Libor Too Soon Would Spur Market Chaos

The Federal Reserve told a judge not to scrap Libor as requested by consumers in a lawsuit because it would pose a risk to financial stability and undermine years of global planning for a transition to a new benchmark for borrowing rates.

A staged transition away from the London interbank offered rate is underway globally, but immediately ending the London interbank offered rate by court order would likely harm consumers and businesses, the Board of Governors of the Federal Reserve System and the Federal Reserve Bank of New York said in a filing Friday in federal court in San Francisco. Dozens of consumer borrowers and credit-card users are seeking an injunction to end Libor, claiming the benchmark is the work of a “price-fixing cartel.” The plaintiffs are also seeking monetary damages.

But ending the benchmark now would likely disrupt the trading of financial contracts, upend consumer contracts like mortgages and student loans and create “an avalanche of litigation,” the Fed said in its filing. The central bank said about $223 trillion of financial products are tied to the U.S. dollar Libor rate. “Without an orderly transition away from Libor, there would undoubtedly be confusion and uncertainty in all markets that currently rely on Libor on a day-to-day basis,” the Fed said in the filing. Libor is derived from a daily survey of bankers who estimate how much they would charge each other to borrow-thus it is NOT empirical and most all made up bullshit. In the wake of the 2008 financial crisis, regulators discovered that lenders had been manipulating the rates to their advantage, resulting in billions of dollars of fines.

Regulators and market participants around the world are currently in the process of shifting to new benchmarks to replaced the scandal-plagued suite of Libor rates. In the U.S., new contracts tied to dollar Libor are supposed to end this year and the final settings should be phased out by mid-2023, according to current timetables. The threat of an abrupt end to Libor has also drawn vigorous defenses from some of the world’s biggest banks. The Fed’s filing echoed claims made in November by defendants including JPMorgan Chase & Co., Credit Suisse Group AG and Deutsche Bank AG, who argued an injunction abruptly ending Libor would wreak havoc on financial markets.

In June, the judge overseeing the case refused to move the suit from San Francisco to New York, rejecting an argument by big banks that the case belongs in Manhattan due to the decades of litigation there over the benchmark and court decisions it has produced.

https://www.bnnbloomberg.ca/fed-tells-judge-scrapping-libor-too-soon-would-spur-market-chaos-1.1640752

https://twitter.com/georgesoros

Sumpin bout pointin fingers when...............projecting, that's it

big man takes a hit, we must be close

>>83236

SAM111 (chek't) USAF G5 departed JFK Int'l after a ground stop-departed from JBA earlier today

>>83242