Now, the government is scrambling to find enough cells inside its prisons to house all the people they sentence in the Southport riots.
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
/CIG/ Telegram | Counter Intelligence Global
🏥 🇺🇸 🇮🇶 7 Injured, 2 Airlifted for Care After Rocket Attack on US Base in Iraq
🔶️ A defense official told Military.com in an email that the injured included five U.S. service members and two U.S. contractors, with two having been evacuated for further care. All seven were in stable condition, according to the official, who did not specify the occupation of the two who were airlifted for care.
🔶️ The attack comes as tensions in the region simmer following a pair of Israeli strikes that killed two top Iranian-backed militia leaders in Iran and Lebanon, prompting Iranian threats of retaliation.
https://www.military.com/daily-news/2024/08/06/7-injured-2-airlifted-care-after-rocket-attack-us-base-iraq.html
🔶️ A defense official told Military.com in an email that the injured included five U.S. service members and two U.S. contractors, with two having been evacuated for further care. All seven were in stable condition, according to the official, who did not specify the occupation of the two who were airlifted for care.
🔶️ The attack comes as tensions in the region simmer following a pair of Israeli strikes that killed two top Iranian-backed militia leaders in Iran and Lebanon, prompting Iranian threats of retaliation.
https://www.military.com/daily-news/2024/08/06/7-injured-2-airlifted-care-after-rocket-attack-us-base-iraq.html
Military.com
7 Injured, 2 Airlifted for Care After Rocket Attack on US Base in Iraq
While officials have not said who they believe is responsible for this strike, the Pentagon has consistently attributed attacks on Al Asad and other bases in the region to Iranian-supported groups and militias.
🔶️ Stephen Parkinson told the BBC that offenders "must know that they are not safe and there is nowhere to hide".
🔶️ He added that anybody involved in the violence should know they would face the most severe possible criminal charges, including terrorism.
🔶️ Mr Parkinson said: “Some people are abroad. That doesn't mean they're safe. We have liaison prosecutors around the globe, who've got local links with the local judiciary. We can cooperate with our international partners.
🔶️ “We would certainly consider extradition if we are satisfied that an offence has been committed.
https://www.bbc.com/news/articles/c75nn9dr0rvo
Please open Telegram to view this post
VIEW IN TELEGRAM
Bbc
'Nowhere to hide' for influencers behind disorder - top prosecutor
Stephen Parkinson said anybody involved in the violence would face severe charges, including terrorism
Forwarded from The Western Chauvinist (Banned)
Yesterday Active Club England had their channel banned by Telegram, with the 2800 subscribers they had accrued disappearing with it. Today almost exactly 1 day later their new channel has 3800 subscribers. They haven't been posting much, we assume they are busy figuring out how they're going to handle the sheer volume of Englishmen that want to tribe and train with them.
https://xn--r1a.website/ActiveEngland
https://xn--r1a.website/ActiveEngland
-Only 41% support such action.
-This is the lowest level of support since the poll began in 2010.
Source: Poll by the Chicago Council on Global Affairs.
📎 Clash Report
Please open Telegram to view this post
VIEW IN TELEGRAM
This media is not supported in your browser
VIEW IN TELEGRAM
🇬🇧 “We’re tolerant. You wait until the tolerance is gone.
🔶️ We’re white people, we start world wars, we desolate continents, we wipe out civilizations.”
— British woman angry at immigrants
📎 Lord Bebo
🔶️ We’re white people, we start world wars, we desolate continents, we wipe out civilizations.”
— British woman angry at immigrants
📎 Lord Bebo
Forwarded from Patriot Front
@PatriotFrontUpdates » Activists from Network 4 did a food drive and distributed literature in Greenland, Arkansas.
🇺🇸 Check out the rest of our accounts:
patriotfront.us/social/
patriotfront.us/social/
Please open Telegram to view this post
VIEW IN TELEGRAM
Please open Telegram to view this post
VIEW IN TELEGRAM
🇮🇪 Keith Woods on X:
🇬🇧 Instead of business continuing as usual after an anti-White attack, the issue of immigrants killing natives was brought to the fore for a week, the Labour government was enormously discredited and is now stuck with an accusation of two-tier policing, and natives have seen armed ethnic gangs occupying their streets.
📎 Keith Woods
🇬🇧 Instead of business continuing as usual after an anti-White attack, the issue of immigrants killing natives was brought to the fore for a week, the Labour government was enormously discredited and is now stuck with an accusation of two-tier policing, and natives have seen armed ethnic gangs occupying their streets.
📎 Keith Woods
Forwarded from Keith Woods
UK regime won't be happy with this. More censorship incoming
Forwarded from Intel Slava
🇬🇧📉 Britain now pursuing terror charges against its own citizens. Most people with incomes are pretty mobile. With this, together with the rising tax burden and the ethnic violence, I don’t expect much of a tax base left by 2030.
The British elite simply cannot face the fact their migration policies have destroyed the country. Very sad to watch such a decline.
🔗 Philip Pilkington
The British elite simply cannot face the fact their migration policies have destroyed the country. Very sad to watch such a decline.
🔗 Philip Pilkington
/CIG/ Telegram | Counter Intelligence Global
🏥 🇺🇸 🇮🇶 7 Injured, 2 Airlifted for Care After Rocket Attack on US Base in Iraq 🔶️ A defense official told Military.com in an email that the injured included five U.S. service members and two U.S. contractors, with two having been evacuated for further care.…
📢 🇺🇸 🇮🇶 U.S. Defense Secretary Austin says US won't tolerate attacks on U.S. personnel in Middle East, after a rocket attack wounded seven people at al Asad airbase in Iraq. Austin stops short, however, of articulating a potential response.
📎 Phil Stewart
📎 Phil Stewart
Please open Telegram to view this post
VIEW IN TELEGRAM
🇺🇸 🇮🇷 🇮🇱 U.S. Officials have told the Wall Street Journal that they worried Iran has “Learned” from their last Attack against Israel, and that the upcoming Attack could look drastically different from what we saw in April; with the Large-Scale Strike from Iran being accompanied by Synchronized Attacks from Hezbollah, the Houthis, and Iranian-Backed Paramilitary Groups operating in Iraq, in an attempted to Overwhelm both Israeli and Allied Air Defenses.
https://www.wsj.com/world/middle-east/israel-air-defense-iron-dome-iran-hezbollah-346caaf6
https://archive.ph/4zx9T
📎 OSINTdefender
https://www.wsj.com/world/middle-east/israel-air-defense-iron-dome-iran-hezbollah-346caaf6
https://archive.ph/4zx9T
📎 OSINTdefender
WSJ
Why Israel Needs More Than Iron Dome to Thwart an Iranian Attack
Israel and the U.S. have stitched together a bigger air defense system that draws upon the capabilities of their air forces and radar systems in neighboring countries to shoot down Iranian projectiles.
Forwarded from Rerum Novarum // Intel, Breaking News, and Alerts 🇺🇸
🇺🇲🇮🇶⚡- "We are certain that militants supported by Iran are behind the attack on our forces in Iraq," – US Secretary of Defense, Lloyd Austin.
Forwarded from Dissident Thoughts (Conks)
Repo — American Hegemony
If dollar funding (dollar demand) is America's claim to hegemony and infinite fiscal space (the Treasury's monopoly on unlimited debt issuance), then the repo market is perhaps the most essential piece to the hegemonic puzzle.
Lack of demand for Treasuries implies a lack of demand for dollar funding, and is often cited as the catalyst for America's "eventual" collapse. After all, who is going to buy billions in debt maturing in 2034 or later, issued by a nation on a clearly unsustainable fiscal path, right? It makes little to no practical sense... that is, until you understand how the dollar system works.
Repo markets in general serve as a nexus between financial actors with different funding needs and objectives, such as money market funds or shadow banks with cash to lend and hedge funds with borrowing needs to meet, intermediated by banks (broker-dealers). These interactions take place in particular venues of the repo market, and each venue has a distinct interest rate ("repo rate").
A risky, dubious, yet elaborate arbitrage trade known for blowing up during turmoil provides a vital mechanism for engineering dollar demand, and creates a bulwark for American hegemony that not even de-deollarization of global trade can detach from.
The reality is that — as I warned months ago — dollar hegemony is largely out of the hands of governments and politics, but within the short term motives of what I called "agnostic" (politically and culturally indifferent with a profit-focused priority) financial actors, such as repo dealers, megabanks, and hedge funds.
The reality may bite, but if you're going to argue in good faith about the future of the dollar, you must first understand how embedded it is within the global financial system and — importantly — why it continues to be.
This post will review Treasury repo and its various venues, note how repo market leverage creates more Treasury demand via cash-futures basis trades, and suggest how the basis trade could unravel.
1/6
If dollar funding (dollar demand) is America's claim to hegemony and infinite fiscal space (the Treasury's monopoly on unlimited debt issuance), then the repo market is perhaps the most essential piece to the hegemonic puzzle.
Lack of demand for Treasuries implies a lack of demand for dollar funding, and is often cited as the catalyst for America's "eventual" collapse. After all, who is going to buy billions in debt maturing in 2034 or later, issued by a nation on a clearly unsustainable fiscal path, right? It makes little to no practical sense... that is, until you understand how the dollar system works.
In the modern financial system, a Treasury is money. Treasuries = dollars.
Repo markets in general serve as a nexus between financial actors with different funding needs and objectives, such as money market funds or shadow banks with cash to lend and hedge funds with borrowing needs to meet, intermediated by banks (broker-dealers). These interactions take place in particular venues of the repo market, and each venue has a distinct interest rate ("repo rate").
A risky, dubious, yet elaborate arbitrage trade known for blowing up during turmoil provides a vital mechanism for engineering dollar demand, and creates a bulwark for American hegemony that not even de-deollarization of global trade can detach from.
The reality is that — as I warned months ago — dollar hegemony is largely out of the hands of governments and politics, but within the short term motives of what I called "agnostic" (politically and culturally indifferent with a profit-focused priority) financial actors, such as repo dealers, megabanks, and hedge funds.
Other countries will repo their sovereign bonds. In Japan, for example, a small market for "gensaki transactions" (Japanese Government Bond JGB repo) exists. However, none are nearly as liquid as UST repo, as both domestic and foreign holdings of USTs vastly outnumber those of other sovereign bonds.
JGB (or other sovereign bond) futures are generally less liquid or don't exist, eliminating the potential for liquidity to come from basis trades (which we will look at in depth). As you'll see, liquidity matters.
The reality may bite, but if you're going to argue in good faith about the future of the dollar, you must first understand how embedded it is within the global financial system and — importantly — why it continues to be.
This post will review Treasury repo and its various venues, note how repo market leverage creates more Treasury demand via cash-futures basis trades, and suggest how the basis trade could unravel.
1/6
Forwarded from Dissident Thoughts (Conks)
Dissident Thoughts
Repo — American Hegemony If dollar funding (dollar demand) is America's claim to hegemony and infinite fiscal space (the Treasury's monopoly on unlimited debt issuance), then the repo market is perhaps the most essential piece to the hegemonic puzzle. Lack…
Treasury Repo
We've covered what Treasury repo is and how it works, both in text and in a video series, but it's such a crucial piece to the modern financial system that it can't be reiterated enough. Fortunately, it's rather simple.
A repo (short for repurchase) transaction involves the sale of assets (collateral) with an agreement to buy them back (repurchase) on a specified future date (usually the next day) and at a prearranged price. By selling your collateral and agreeing to repurchase it, you are just borrowing cash. There's no need to make it any more confusing than that. The pawn shop analogy is accurate:
For example, at a pawn shop you may "sell" $1000 worth of gold (ex: a gold ring), and accept $950. The reason the pawn shop "dealer" would be willing to lend only $950 for $1000 in collateral is because he knows that gold has been quite volatile lately, and if gold's price were to fall 5% (the collateral value falls to $950) or more, he may lose money on the transaction. The 5% "premium" is called a haircut, and is a layer of insurance.
At the end of the transaction, which in repo is usually the next day, you would purchase the gold back from the dealer for $950 (plus any interest). You could also choose to extend the loan ("roll over the repo").
But in reality, you're not selling the gold item per se, because you're agreeing to repurchase the item back from the dealer at the pawn shop. If you fail to do so, the dealer keeps the collateral — hence it is "secured lending."
While "gold repo" is in theory totally possible, it serves better only as an example. Treasury repo, where Treasury bills/notes/bonds are the collateral, is a daily operation of several trillion dollars, with unreported venues comprising another estimated ~$2 trillion in daily volumes.
The exhibit above is a very basic model of the dollar flows in repo. The collateral (Treasury securities) flow in the opposite direction of cash, obviously. And while there are four major repo venues (Tri-Party repo, GCF & DVP interdealer repo, and uncleared bilateral repo), the only differences are a third-party custodian holding the collateral (in tri-party repo) and whether the transaction is cleared by the FICC (in interdealer repo).
But at the end of the day, a repo is mechanically identical across all venues.
2/6
We've covered what Treasury repo is and how it works, both in text and in a video series, but it's such a crucial piece to the modern financial system that it can't be reiterated enough. Fortunately, it's rather simple.
A repo (short for repurchase) transaction involves the sale of assets (collateral) with an agreement to buy them back (repurchase) on a specified future date (usually the next day) and at a prearranged price. By selling your collateral and agreeing to repurchase it, you are just borrowing cash. There's no need to make it any more confusing than that. The pawn shop analogy is accurate:
For example, at a pawn shop you may "sell" $1000 worth of gold (ex: a gold ring), and accept $950. The reason the pawn shop "dealer" would be willing to lend only $950 for $1000 in collateral is because he knows that gold has been quite volatile lately, and if gold's price were to fall 5% (the collateral value falls to $950) or more, he may lose money on the transaction. The 5% "premium" is called a haircut, and is a layer of insurance.
At the end of the transaction, which in repo is usually the next day, you would purchase the gold back from the dealer for $950 (plus any interest). You could also choose to extend the loan ("roll over the repo").
But in reality, you're not selling the gold item per se, because you're agreeing to repurchase the item back from the dealer at the pawn shop. If you fail to do so, the dealer keeps the collateral — hence it is "secured lending."
While "gold repo" is in theory totally possible, it serves better only as an example. Treasury repo, where Treasury bills/notes/bonds are the collateral, is a daily operation of several trillion dollars, with unreported venues comprising another estimated ~$2 trillion in daily volumes.
The exhibit above is a very basic model of the dollar flows in repo. The collateral (Treasury securities) flow in the opposite direction of cash, obviously. And while there are four major repo venues (Tri-Party repo, GCF & DVP interdealer repo, and uncleared bilateral repo), the only differences are a third-party custodian holding the collateral (in tri-party repo) and whether the transaction is cleared by the FICC (in interdealer repo).
But at the end of the day, a repo is mechanically identical across all venues.
2/6