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Hello world
let's continue. this is a continuation of the post found here:
thoughts:
It's an interesting thing isn't it?
the tweet puzzles, the diligences, the ghosts trying to lead us astray and tell us to just sit here and dont learn the system we're forced to use?
Personally, i was never very good at listening to others. I'm a very curious mind, and the moment i saw the financial system like a computer network, and looked at swaps like they were network packets of financial data, it really spun my noodle into thinking this CAN BE LEARNED, and it CAN BE REVERSED. I just needed to keep going, keep learning, and do my best to master the OSI model of the financial network. OSINT for lyfe boys.
well, since i refused to listen, i did keep trying to learn where the datasets for the SEC were, so i could continue to create scripts which allowed me to harvest not just swap details, but i went onto the NPORT filings and the N-CSR filings. I figured if i could jgo into the funds which were holding swaps, then perhaps i could learn instrument details, counterparty arrangements and perhaps even timelines of who held what when where and make a REAL forensic path into what the underwriters(banks) were doing when they offered these instruments.
A lot of this thinking was stemming from a few key details, that I really think other players missed over time.
1, mutual funds dont have the same rules applied as ETFS. its why they were never shown or discussed, but are key players in the chain of events i've chosen to digress.
2.CFD's are swaps. they're level 3. you can only know this if you were exposed to swaps. all who discussed these were targeted like a mfer.
3.almost all of the baskets are offered as a centrally cleared instrument, which means they were underwriters offerings, since the central counter party for swaps has to own the underlyings and collateral involved in the swap. this way, CCP is doing 2 contracts, one with buyer one with seller, but for the seller and buyer, its just a single contract. this means there has to be data SOMEWHERE on the instruments..
in the previous gamestopswapDD chapters, I showed how the mutual fund GFSYX was holding the Cfd's which were swapped in from europe, through goldman sachs swift identity, goldus33. click how-swift-system-works to learn about it. its boring affff. but TLDR: its how repo counterparties and banks move things around globally without moving markets at the same time.
what was interesting is, i've still yet to see ANY diligences into mutual funds holding, shorting, or swapping $GME. i was hoping you guys would help me play in that fashion, but sadly the care and curiosity of how we are being fucked has been lost upon us since most felt safe "just hodling and not researching". if thats you, no shade bro. we all play a role in this game, and i am grateful for all who have been able to hang on this long.
./thoughts.
I think there is something to say about all i've learned. I've shown you three types of equity swaps so far.
porfolio swaps, total return basket swaps, and total return single stock swaps. but in reality there are much more than that.
if one was going to scrape the equity swap archives, they would see the following list of descriptions:
having been here for 84 years, im sure you can google these terms to find out all that i found out. by your own efforts do you proceed. đ´ââ ď¸ (CLARUS FT SOURCE (read this) )
now the kicker here is, i didn't go directly to other swaps. instead i realized the nports and the ncsr's held file details on things. i spent a while to create those archival scripts, and parsing tools so one could search the funds filings for things like "gamestop" or "36467W109" (gme cusip) or "US36467W1099" (gme ISIN)
I really did my best to make searching things easy. but, i also learned its a group activity. you kind of need one anon to go through ports, one anon goes through ncsr, one anon goes through each filing type, thoroughly and efficiently, in the same way our WOW raid parties are made. i like 5 man teams for things, but, i've done my best to raid alone.
since i was alone, i realized those sections of data, were beyond my usefulness in terms of time. so, i simply switched focus. I figured, that I should perhaps start reviewing my previous data with new insight. So i simply started to review the same searches i made previously on gme and xrt, but this time I started to look for their RIC listings as well as ISIN's and CUSIP's. its a neat game when you start to look at things which are new, and directly affecting everything else.
this is when i found the motherlode. -_-.
to continue, im going to have to review something for you, which you might not have been exposed to.
Archegos, bill hwang, and strategy.
im going to share with you, two of the most influential and important things i have found this entire time.
the archegos leaks. sec comment sourced.
FTX top 1/2, Archegos 2/2 < leak 1. long af. study tf out of that. archegos leak 2
leak 1, has counterparty agreements, leak 2 has swap transactions specific to archegos.
I'm going to put a wall of text here now, so you can then comment to me, WHO IS NOT INVOLVED IN THIS GLOBALLY AFFECTING THING?
"âIndeed, internal counsel from the various prime brokers held a call among themselves earlier that day, agreeing that lawyers would be present on any calls between the brokers, and that the lawyers would read a script on each call making clear that no broker was permitted to disclose its Archegos-related positionsâ, including Counter-Parties HUDSON BAY CAPITAL MANAGEMENT LP, BARCLAYS CAPITAL INC., BNP PARIBAS, MERRILL LYNCH INTERNATIONAL, NATIONAL FINANCIAL SERVICES LLC, STATE STREET BANK AND TRUST CO., UBS SECURITIES LLC, BNP PARIBAS SECURITIES CORP., GOLDMAN SACHS & CO. LLC, MERRILL LYNCH PROFESSIONAL CLEARING CORP., UBS AG, PALOMA PARTNERS MANAGEMENT COMPANY, BOFA SECURITIES, INC., CITIGROUP GLOBAL MARKETS INC., DEUTSCHE BANK AG, DEUTSCHE BANK SECURITIES INC., J.P. MORGAN SECURITIES LLC, MERRILL LYNCH PROFESSIONAL CLEARING CORP., MORGAN STANLEY & CO. INTERNATIONAL PLC, BARCLAYS BANK PLC, CITIGROUP GLOBAL MARKETS INC., CREDIT SUISSE SECURITIES (USA) LLC, DEUTSCHE BANK AG, DEUTSCHE BANK SECURITIES INC., GOLDMAN SACHS INTERNATIONAL, J.P. MORGAN CHASE BANK, NA, MERRILL LYNCH INTERNATIONAL, MERRILL LYNCH PROFESSIONAL CLEARING CORP., SG AMERICAS SECURITIES, LLC, THE BANK OF NEW YORK MELLON, THE BANK OF NOVA SCOTIA, UBS SECURITIES LLC, UBS SWITZERLAND AG, WELLS FARGO BANK NA, SS&C TECHNOLOGIES, INC., SAMLYN CAPITAL, LLC, BARCLAYS CAPITAL INC., FIDELITY PRIME SERVICES, J.P. MORGAN CLEARING CORP., MORGAN STANLEY & CO., INC., NATIONAL FINANCIAL SERVICES LLC, BARCLAYS CAPITAL INC., FIDELITY PRIME SERVICES, MERRILL LYNCH INTERNATIONAL, MORGAN STANLEY CAPITAL SERVICES, LLC, THE NORTHERN TRUST INTERNATIONAL BANKING CORPORATION, MORGAN STANLEY FUND SERVICES (CAYMAN) LTD. "
oh gee. hey all you 2008 related "persons"..
you'll notice almost every repo participant in that list. which is worrisome. thats level 3 and treasury related. archegos caused MANY ripples which have not occured yet, upon us.
we can see, from link 2, that archegos liked SPY, QQQ, XRT, EEM, and XLF.
whats neat here is, they're all etfs. etfs of index's.
when looking farther into this, sadly, archegos switched from etfs, and etfs of index's to baskets and baskets of etfs of index's.
and when looking at the counterparty agreements of archegos , included in leak 1, it shows quite prevalently, WHAT they were swapping inside of those baskets.
note: top of page 2 of leak one says something im pasting it here before continuing, because its a pattern VERY WORTH noting.
"Retail Investors appreciates the immortalization of confessions from Financial Institutions, Market Makers, Family Offices, Hedge Funds, ISDA Members, Crypto Exchanges, & Swaps Counter-Parties on the U.S. Securities and Exchange Commissionâs (the âSECâ or âCommissionâ) release on proposed Rule 13f-2 (âProposalâ) under the Securities Exchange Act of 1934. Financial Institutions ISDA Counter-Parties, Hedge Funds, Crypto Exchanges, & Family Offices full knowledge Signed ISDA and Swaps Contract âdirectly or indirectly, actually or synthetically, relating to such Transaction or any connected hedging activityâ âthat can be used to create a long or short exposure to the Shares or Indexâ thereby creating âSynthetic Buyerâ or âSynthetic Sellerâ. Utilizing âShare Swap Transactionâ, âShare Basket Swap Transactionâ, âIndex Swap Transactionâ, âIndex Basket Swap Transactionâ a âCustom Index Basketâ, âBroker-Dealer Swap Tokenized Shares on Exchangeâ, & âDigital Asset Securities Based Swapâ without having to own the underlying Shares/Assets or deposit reserves."
its literally the list of how they're fucking us. literally. "tokenizations."
so stupid that the only reason others are rooting for this, is ignorance of the details of what GameStop's shorters are planning on using, the moment the digital dollar and CBDC finish.
anyway ill keep going.
as you can see, archegos has , in the master agreement, rights to swaps, basket swaps, and custom index baskets.
oh, and a "BASKET OF INDECES TREATED TOGETHER AS A CUSTOM BASKET"
NICE. they literally tell us what they were doing, and with what, but all who showed us information appear to have omitted this part. no wonder no one wanted you to learn swaps, its the key to really knowing wtf is going on.
they're not the only ones either. heres' duetsche banks agreement :
heres goldman sachs:
nice. that mofo is literally for synthetic equity products. :kek:
hell, #7 in that agreement states the following, plain as day:
"Acknowledgement and Agreement Regarding Synthetic Exposure. Each party acknowledges and agrees thal each Transaction is a derivative transaction providing synthetic exposure to an underlying asset. Neither party intends thal any Transaction will be setlled by taking delivery of any shares or other securities, or that a Transaction will confer on either parly any right, title, voting righls or interest in any shares or other securities, or entitle or oblige either party to acquire, receive, hold, deliver or dispose of any particular shares or other securities."
wtf is sold not yet delivered when the agreement just says " we sold em, but aren't gonna deliver"?
this game is funny sometimes.
why cant i turn the dumbass game off. shits glitched. why game not stop?
:( even jefferies is pulled into this.
i kinda think by GME choosing to deal with jefferies, it was a saving hand to them, but thats honestly just opinion. the lines are quite blurred on "fren".
notice they are BULLET swaps. this means no payment premiums, and instead all premiums are paid at once upon swap maturity. (could be expiry in this, i did not scour that out)
now, one might wonder what the holy hell im talking about at this point. i've brought up transactions, etfs, counterparties, archegos, but whats this have to do with GME asbt? dafuq u goin on bout man?
well the main thing here is, when looking into the XRT swaps, and the brazil puts situation, (here : my brazil puts writeup, 1y ago'ish ) it became clear to me that credit suisse's notional was the closest i'd ever seen to being a multiple of the exact notional amount in the archegos swap records.
it wasn't until i searched for the equity swaps that it made sense. etfs can be redeemed for the underlyings they contain, per rule 12d-a1:
which actually, PERFECTLY, explains the changes in archegos investment plan. it was at this point that the basket swaps were created per the archegos leaks.
this means, up this point, if the etfs could be swapped out, then others could use the etfs to do things with, like short the etf, cfd the etf, total return swap the etf, and also do the same for the index itself.
but now, we could do that, and also allow the swap partners and counterparties to use the ETF's of the indexes, inline with actually redeeming these rights for underlyings, and this would greatly explain the FTD cycles over time at, specifically, the same time frames of swap rollouts.
its the progression of how bill hwang was digging himself deeper with more and more and more leverage on the same instruments. asshat literally, and single handedly created every layer of the big short's bets, with all his swap counterparties who were counterparties with mutual funds, which contiained the etfs shares ALSO.
deeply bullshittimatic right? yeah.
especially when mutual funds themselves can be an investment vehicle for the shorts themselves.
especially when you can go into those funds punkass reports to see they hold 4 gme shares at the top of squeeze time.
and also see the mutual fund owns the rights to the etfs we are discussing now. (who owns SPDR btw? = đ)
that particular fund is national finance services, aka fidelity. a archegos counterparty. (src> 2021 filing > https://www.sec.gov/Archives/edgar/data/1650149/000114554921019658/spt-weiss4.htm )
it's a lot to think about right?
it's a matter of trying to make a topographical map of the instuttions who all move assets and equities around. we need a point per. then we need a color line per type of instrument to connect them to show flows, then we need to figure out a layered protocol to it so we can add a time variance to this.
why u no look at mutual funds anon? N-CSR and N-PORTs bro. cmon. i even made the script for you.
ăž(ââ _â )ăâŞ
anywho. yes. this should be examined further, if one does so enough, then its easy to dictate who held what when and where, and who are the counterparties from those filings alone, as shown:
what got me after next really made me not feel good.
i couldnt dance if i wanted to. it was the moment that i truly learned the severity of this all.
it didn't occur to me when i was digging into this, if these etfs and indexes were being manipulated like gme, then the ftds would also be signs of shorting, as shown in our GME history, so why not see whats going on with these funds? it was afterwards that i got a hair up my ass to see something.
I started to see if i could then find the credit swaps on things. i learned the SEC storage structure was a simple file/folder naming change (brute force guess that. go team..) jand after doing so, i now understand a much deeper level of connections. The total return swaps, and alll the liquidity schemes are used to create liquidity to carry long dated credit default swaps, which hold up the first version of this scheme. the .com bubbles debts, and the 2008 debts.
I will explain this in the next post, as succinctly as I can.
but, sorry, my time is short. ill not delay much. the purpose of these posts was to, hopefully, show you that the DD is not done. the dd is never done. whoever says it is, is NOT your friend. anyone who discourages you from learning or talking about ANYTHING is not your friend. Truth is your friend, but it is only found upon the arrival of the ending. it is the result of a journey completed correctly. I hope to show you, by the end, the method of my journey. damn powerups in the tweets. those changed the game for me.
https://i.redd.it/39g19wuwt0ee1.gif
dammit. edit 1: i forgot the etfs of index's part. i'll simply add it here, because it was the direct connector. sorry guys. this is a lot to try to figure out how to streamline fluently. bringing all levels, all participants, all instruments into the detail of the everything swap isn't quite easy...
i was looking up the annual reports for swap based etfs, and found something interesting.
etfs of the indexes which rely on swaps and derivatives, rather than owning things.
is this why burry said the index's were the next bubble?
the reason i added this edit is quite simple. this is the first mention in a ETF's yearly showing "Grandfathered swaps" i've ever seen.
most etf's were created directly in 2009, but the particular etf i highlighted started in may 2010.
ofc i isolated the counterparties for you, and also made sure to include the notional gains and losses.
Northern Trust Company holds all the cash holdings.
few swaps matured but i dont have the most current report to know if rolled out farther.
imagine, swap based etfs swapping swaps with counterparties who have gamestop swaps going on in every foreign exchange.
It would make sense that the index would ftd or have mass volume around the times of swap rollouts, just like SPY QQQ EEEM XLF XRT did when the archegos swap rolled..
link to this bullshit etf's filings
Cant Stop Won't Stop
-AlwaysSadButTruthful
[had frens remove, so i could fix the title. im a goober and maek mistaeks.
see you in the next one anons..]
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