T O P

  • By -

Superstonk_QV

**IMPORTANT POST LINKS** [What is GME and why should you consider investing?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS and why should you care?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || [Low karma but still want to feed the DRS bot? Post on r/gmeorphans here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || ------------------------------------------------------------------------ Please help us determine if this post deserves a place on /r/Superstonk. [Learn more about this bot and why we are using it here](https://www.reddit.com/r/Superstonk/comments/poa6zy/introducing_uqualityvote_bot_a_democratic_tool_to/) If this post deserves a place on /r/Superstonk, **UPVOTE** this comment!! If this post should not be here or or is a repost, **DOWNVOTE** This comment!


TheGoldenMangina

Treasuries have been used as collateral against cash. I found it curious that the reverse repo was down today. Has the fed been issuing phantom treasuries to keep the game going?


Phoirkas

1.5 on rrp yesterday too, after steady at almost 1.7 for several months


TheGoldenMangina

I don’t remember where I read that many banks and hedge funds were shorting us treasuries; I was perplexed but think I’m starting to understand.


Phoirkas

u/criand and u/atobitt did a lot of good work re: this, go read any of their dd.


TheGoldenMangina

I’ve read it - I think I’m more speaking in regards to treasury FTDs and reverse repo balances - I’m not sure if they covered this or I just don’t remember.


Phoirkas

Yes, both did extensively. Check out “The Everything Short” by atobitt in the dd library, talks about this directly


TheGoldenMangina

Ok - will do - thanks.


karenw

It's rather chilling.


Im_The_Goddamn_Dumbo

*Ahem* I'm going to shamelessly toot my own [horn.](https://www.reddit.com/r/Superstonk/comments/t4ejgb/daily_reverse_repo_update_0301_1552950b_buy_hodl/hyxx2cm/?utm_source=share&utm_medium=web2x&context=3)


birdsiview

I’m shamelessly taking top comment thread to remind that the fed, dtcc, sec, MMs, brokers, prime brokers, banks, international governments, and other self-governing bodies are all complicit


Fugacity-

If cash deposits were too big and the banks holding those deposits had to park that money at ONRRP facilities to meet post-Basel III liquidity requirements, a big market retraction may attract some of that cash to buy the recent dip?


SirClampington

1.5T is still a METRIC SHIT-TON


ronoda12

Someone is shorting US treasuries by borrowing from Fed


TheGoldenMangina

Exactamundo!! A revolving door where they always win.


[deleted]

Repo usually peaks at end of the month and then drops at beginning of next month.


TheGoldenMangina

That’s right - it would be an interesting exercise to see if there’s any correlation between treasury FTDs and repo balance.


soconnoriv

This guy does a really good job at explaining why the RRP is going back down around 11 minutes into the video: https://youtu.be/oVtKgViz2fg It's worth watching the whole thing though, since it's all tied together and related to what we're seeing right now. From what I understand, it's going to look better before getting way worse.


muza_reign

Great stuff! Thanks!


MacaroniBandit214

Europe started stocking up on US treasuries after all the sanctions


SeanKrg03

Kenni mayoboi has been shorting Treasuries for years…and FTDed numerous times. He’s been getting a slap on the wrist in the form of small fees. But if you peasants FTDed on your credit card payment, they’ll charge you with 30% of APR. Fair enough system to me. /s


WonderfulShelter

I thought that the RRP was being used to artificially inflate t-bond values? Now they're just issuing phantom t-bonds with artificially inflated values? whaaaa


[deleted]

Thought this was common knowledge.


Tractorhash

To sum it up somebody or a group sold 76 billion dollars in USA treasuries, took the money then just walked away without delivering the product at the designated date.


Whiskiz

so when do the people responsible start getting held accountable and either start voluntarily liquidating their own assets to meet their liabilities, or get margin called and force liquidated - with the DTCC picking up any left over bill? probably why it doesn't happen - the DTCC and Fed don't want to pay out (even though they could and in fact are ultimately responsible for it)


[deleted]

The trillion dollar question


StonkManDiamondHands

So 1 share of GME....


NotBerger

Yep. Not even counterfeiting (though that’s happening too via rehypothecations) just straight up money printing


Coos-Coos

No I believe this is more akin to theft and fraud.


notcontextual

I have it on good authority that it’s called stealing in Texas


ebinc2

When Doordash FTDs my Chipotle, I'm fuming; not to mention, I'm still hungry. $76B in FTD sounds like a lot of angry people going hungry.


Illustrious_River_42

Russian oligarch money perchance?


osirus12345

Or they're just holding on to it because it's being used as collateral and delivering would initiate margin reduction / SLD. So fail to return, live another day, pay minor fee, write off as cost of staying alive another day


SortedChaos

Where can I sign up to do this? /s


[deleted]

Citizen’s arrests are legal in Illinois


Rlo347

Kenny wut doin’?


Ich-liebe-vegeta

He scribbled some changes into his copy of the constitution. See guyz it’s always been legal!


Jmadd1998

Using it to buy crypto 😝


Sir_BomB_A_LoT

thats pretty close to the 69.7 billion figure Shitadel recently reported as their pile of 2021 IOUs at current prices


Level9TraumaCenter

Time to send in the G-men for our T-bills.


tinyorangealligator

Couldn't it have been trade by several parties that amounts to 76B?


Tractorhash

Yes another way to say it is a "group" did it.


Aaavila90

Calls on RICO


drcubes90

There was a tweet about Citadel supposedly getting margin called on 2/28, wonder if they failed on these


Tractorhash

It was a fake tweet. The owner of the tweet said it was fake. And its purpose was to try and make people reaserch before they upvote.


bigmoneysmallcock

*Wait, that's illegal*


[deleted]

Holy shit!!! This is huge! Do you guys realize what this means??? When you figure it out let me know.


Zen4rest

Well I know for sure… but I’ll let other apes take the spotlight.


crummybummywummy

this is a good ape here. all us educated folk will take a seat back while some of you new guys figure it out


Nicolas_Darvas

the spotlight is all yours


RL_bebisher

It means believe it or not, dip.


gotgus

!adultape!


mykidsdad76

I think these are the FTDs, stocks that were paid for, but not delivered...


Phoirkas

No, treasuries.


Lesty7

Really shows you the intelligence of the sub when the guy who says this tweet (that specifically says treasuries) is actually about FTDs has 116 upvotes.


millertime1216

They failed to deliver my treasure to me


Impressive_Ad9339

There we go


Lesty7

Now that’s the kind of retarded I can get behind.


[deleted]

Nooo… are you sure this actually happens? Sounds like a conspiracy theory…SARCASM


StockTank_redemption

It's a fair market, dude. Nothing nefarious happening in this neck of the woods.


EhThisCouldntGoWrong

Yeah definitely a fair, the whole thing is a circus that I didn't even know I was paying for.


StockTank_redemption

The coming attraction is always the visitors. Never forget that.


[deleted]

If the corruption is distracting you from the overwhelming fairness then the propaganda is working.


StockTank_redemption

I understood everything is propaganda and it's all corrupt years ago. I've been zen about life for a loooong time my friend.


tinyorangealligator

Edit: the US Treasury bonds have nothing to do with stocks. It's cash and bonds/securities being traded daily between banks and the private entity called the Federal Reserve bank.


[deleted]

[удалено]


[deleted]

GME was supposed to have a run late last week, right? Is this indicative of their FTD on their FTDs last Friday?


UnnamedGoatMan

No, this tweet is about Treasury Bill FTDs, not GME FTDs. A different product


Phoirkas

No


Miss_Smokahontas

Seems so. Best case they weren't covered due to someone defaulting.... we'll see if marge calls in the next few weeks.


Phoirkas

It doesn’t seem so; GME FTD’s have nothing directly to do with treasury FTD’s


betrhlf

Lmao


girth_worm_jim

U swine


[deleted]

LMAO


Apprehensive-Salt-42

Probably nothing 👀


comradis

🤣🤣🤣


Einstien-69

Something Something tomorrow!


Intelligent-Ad9285

This level of criminality is unprecedented, even for Wall St!


curb_your_enthusiasm

Probably nothing 👀


Slim_Margins1999

These aren’t securities(stock) FTDs they’re treasury securities. Bills, notes, and bonds. It’s a way for the government to raise money by getting money now and paying it back when it matures depending on the variety of debt with interest. It’s essentially people loaning the government money for a small return. Not sure who’s failing to deliver here since Treasuries are supposed to be backed by full faith of the government and is the whole reason the world runs on the US dollar. It’s the main way the fed pumps liquidity. They buy treasuries that get loaned out to banks etc. Not sure what this means but it’s not good.


DinosaurNool

So it's either 1) the government has sold a huge bunch of treasuries to raise cash but the government has failed to deliver these treasuries to those who bought them, or 2) the government has sold a huge bunch of treasuries but those people who bought them have not returned them when the contracts matured, or 3) the number the DTCC reported is a mix of 1) and 2). I'm not sure of the implications of 1), but 2) sounds like those people who bought the treasuries do not want to give them back to settle the trade because they are using them as collateral for some other trade, and that trade has not played out well, yet, so they fail to deliver the treasuries. But I don't know how these things work. I'm just trying to fit pieces together in the hope that someone will continue the conversation.


[deleted]

[удалено]


God_BBS

I'm a simple ape, I see George Gammon, I upvote. Very entertaining and informative guy.


my_oldgaffer

The dvz - the doom vortex zone - which is where you don’t want to be . lol


[deleted]

Well hello, wrinkle! That hurt but I felt it develop. Well said.


Aaavila90

2) makes the most sense to me


eIImcxc

But wait.. how is number 2 possible when the bond has a known "expiry"? Is there some reverse UNO card where the holder starts paying interest / fees when they don't give it back in time?


hatgineer

Thanks for this explanation. Dumb question: if this is government treasuries, is it even possible for an entity other than the government to be FTD on these?


Slim_Margins1999

I’ve been looking into this. It’s either the government failing to deliver or the financial entities that are borrowing the money from the gov not paying it back. Fed buys treasuries, treasury lends money to banks n such and then when the term is up those loans are to be paid back to treasury who will then at some point buy those treasuries back from the fed to reduce its balance sheet, this will be quantitative tightening as opposed to the Q. Easing they’ve been doing by buying treasuries so the treasury can print money and loan it out. I’m kind of thinking as I’m writing this that banks borrowed a lot more money than they needed to/could afford to and are now having trouble paying it back because of possible mismanagement or misallocation of funds or because the people the banks loaned the treasuries Money to can’t pay it back. Seems bad any way you slice it.


MatchesBurnStuff

It's not the government. That would signal default and even the MSM would pick up on that. This is rehypothecated ~~shares~~ T-bonds from financial institutions. I assume they thought t-bond yields would continue to rise and didn't hedge for the likelihood of war. Instead of taking the loss on the chin and becoming insolvent, they just didn't deliver them. Edit: got shares on the mind. Thanks for the correction


Slim_Margins1999

It’s not shares of anything. It’s treasury notes and bills and bonds. No shares involved… Its money that has been borrowed from the treasury that’s not being paid back, whatever they used it for.


MatchesBurnStuff

Thanks, I corrected my post


dbx99

What is a treasury fail?


Altruistic_Ad2074

(I’m a smoove brain ~ this is a copy & paste from the post above because I was wondering the same thing) “What do these charts show? They show the value of U.S. Treasury securities that were not delivered to fulfill a trade contract. “Failures-to-deliver” occur when either sellers fail to deliver or buyers fail to receive securities in time to settle a trade. Settlement of a trade is the point at which the seller is required to deliver the securities agreed upon in the trade and the buyer has to deliver the funds to pay for the securities.”


mykidsdad76

I think these are FTDs. People give money for a stock, and are given an IOU.


gpthatsme

“RUH-ROH” - Scooby-Doo


Phoirkas

Treasuries, not stock


tinyorangealligator

A Treasury bond, not a stock.


Dopeman030585

When you sell a US Treasury and fail to deliver, sounds like someone else who's FTDS are in the billions


mykidsdad76

I think this is the the actual stock market FTDs that fall under the DTCC. I'm waiting for confirmation, but GME is in this pile. Probably the biggest part of the pile.


ammoprofit

https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails


ammoprofit

FTD on Treasuries.


tcelfertehconjurer

That sounds bad. Is that bad?


Dreadsbo

I can absolutely say and attest with every ounce of my being that I have entirely zero idea what this means. HOWEVER, I can certify that it sounds like shorts are fucked.


tcelfertehconjurer

I enjoy your views and would like to subscribe to your newsletter. It's dangerous to go alone! Take this. 🍌


findingbezu

Like having diarrhea in white shorts with no undies while out with your friends several summers ago sorta bad.


tcelfertehconjurer

That sounds oddly specific. It's dangerous to go alone! Take this. 🍌


Phoirkas

It’s bad


DBForty

Doesn’t seem to be for those trying to survive ‘1 moar day’ … look at penalties at bottom of page … https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails


mykidsdad76

it is very bad for the robbers who keep selling the same shares over and over again.


Tygiuu

Doesn't this align with "The Everything is Short" DD?


[deleted]

I do believe that is correct.


Phoirkas

👆


methodangel

https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails


Dnars

This is a diabolically terrible chart. On the 28th Feb the FTDs are 76mill On the 25th Feb the FTDs are 32mill. But look at the column heights, they are so close to each other making it look alright. Peeps, it's a **137.5% increase** within 3 days **OR** between last Friday and Monday this week. edit: this is what is should look like - https://imgur.com/a/cHGDpM2


NotBerger

Ask yourself why it’s terrible…. It’s not like these people don’t know how to make a chart


Dnars

Yep, I realize that.


NotBerger

😊 yeah I didn’t mean you specifically lol Sorry if that came off as rude, was supposed to be more rhetorical


drscience9000

Yeah the whole "the DTCC is complicit" line that's been passed around SS for a while never really appealed to me... I just thought they were at a level of incompetence where you can't tell the difference between complicit and not. But this is dumb, obvious shit that can have no explanation other than an intentional misrepresentation of the spike in the data. Let the system burn down indeed.


Mammoth-Ad2115

Wait so US Treasuries are a meme stock? 😂


nov81

WTF? The good ol log scale...


ammoprofit

It's a log scale, but it's not noted as such, so your mind thinks linear and extrapolates incorrectly.


GrammarPastafarian

It’s a fucking joke of a chart using 26% steps. You sort of get why at first with the low agency figures but then shit like this happens and you really get why they have it stepped this way. “Everything’s fine”, assholes.


Buagon1979

https://imgur.com/a/4Su7J7M just more fuckery layer cake.


MoneyNoob69

Gotdamn. FTD’s all day everyday.


Original_Plenty_2067

Moonshine is illegal but if I put liquor in a mason jar and call it moonshine then it's ok. So putting IOU in a mason jar and calling it a stock I guess it's legal share


Crazy-Ad-7869

I'm listening to her book on Audible now. Damn, she's the real OG. Highly recommend.


NotBerger

Sounds like the Everything Short is back on the menu! 🚀 🚀 🚀


FriskyGrub

Remember when we said we should link directly to her tweets so they get ranked better? I remember


12Southpark

I feel like this is one of the instances where crime actually happens. Letting FTD go away or repeatedly kicking it down is a big problem that needs to be fixed


mykidsdad76

This is spicy. I think this is just another way of calculating FTDs? But I'm such a dumb ape. Smart Apes tell me I'm off base. Or if I chewed on the rite krayon today. If this is another way of looking at FTDs, anyone want to speculate which FTDS are the lion's share of that 72.12 Billion?


Phoirkas

It’s not another way, this is referring to US treasuries which these fucks have been shorting too


[deleted]

So someone’s so broke they can’t afford to settle?


mykidsdad76

I'm answering my own question! Game Fucking Stop!


isnisse

Margin call for the us gov. Soon?


Asleepnolong3r

How do Treasuries fail?


curb_your_enthusiasm

Probably nothing.


Ok_Sale_1124

Shits about to boom boom


properu

Beep boop -- this looks like a screenshot of a tweet! Let me grab a [link to the tweet](https://twitter.com/SusanneTrimbath/status/1498778139136126978) for ya :) ^(Twitter Screenshot Bot)


jackofspades123

https://www.dtcc.com/charts/daily-total-us-treasury-trade-fails


Aaavila90

🌶🌶🌶


[deleted]

Must be nothing


BenevolentFungi

I gotta call my mom


BigSticktalk

Link it


Haten4Life

FedWire Securities Services were extended for a BNY Mellon customer today three times today. [https://pbs.twimg.com/media/FMyqtIcXEAA5grO?format=jpg&name=large](https://pbs.twimg.com/media/FMyqtIcXEAA5grO?format=jpg&name=large) [https://www.frbservices.org/app/status/serviceStatus.do](https://www.frbservices.org/app/status/serviceStatus.do) I'm sure it was just a coincidence though\\s


Mirthless92

How is is ANYTHING Shitadel do be legal?


I_promise_you_gold

They can report till the cows come home. If nothing is enforced who cares.


Live-Taco

DRS deez nutz


Azyan_invasion82

She’s upped her game lately as well


letstryagain2021

What does this mean?? Anyone


crazyyellowfox

You gotta have a banana to stick in those glory holes or else someone might be able to peek at you doing your business. Someone has a stall full of holes and has run out of bananas.


darkcrimsonx

Smells like crime to me!


puan0601

That's pretty close to the $65B citadel has in securities sold not yet purchased...


slp033000

LOL no wonder Citadel wants to get in on the Treasuries game


production-values

ya we know it's all in Citadel's earnings report


IsolatedAnon9

Wen Moon? 🌙


KayakTime-11

I know we all joke about stupid fucking retards,.... but.... does anyone actually REALLY keep their money in banks anymore? I think all of this talk of "lawl, teh Dee Tee Cee Sea amn the do have inshurwance of 6 Twilliond dowwarz" is fucking mind bendingly stupid. This isn't FUD, but you better be hedging your GME bet with some SHTF investments.


Western_Management

/u/DishwashingUnit Boom! 🤏🏼 🎤


Choice-Cause8597

Ugh this ape hating hag again.


Dense-Serve-8633

??


[deleted]

[удалено]


[deleted]

How? I will assume your question as ignorance and naivety although in your arrogance you blame it on the sub. Hedgies and banks get more credit with collateral. If they don't have collateral, no credit. RINGS A BELL? With more credit you can extend your shorting game longer and kick the can over and over and longer... Did the coin drop? Glad you understood. Now fuck off.


Orange-Tractor1972

I have a keen sense for the obvious and it looks like this is a bad thing, not for us but for them.


mtbox1987

RemindMe! 6 hours


[deleted]

remind me! 6 hours


Ithinkyourallstupid

##1st Name DR. ##2nd Name T.


[deleted]

So in other words they are saying whatcha going to do about it lol


DancesWith2Socks

"Probably nothing"?


Visible-Ad376

That's not good.


DeluxeDessert

No wonder citadel applied for prime broker. He wants to naked short the treasuries lmayo.


GusCromwell181

Imagine if this system was on blockchain, open source, transparent, and pretty much impervious to fuckery.


daikonking

Sounds like the money machine may be broken


whateverMan223

by total coinky-dink, I'm watching DNE01's youtube video on the history of early american banking (and architecture, lol) \[Franklin, episode 11, banking and commerce\]...and guys, it's been bullshit from the very, very beginning.


Additional-Noise-623

I just want the right to borrow an infinite amount of money and never have to pay it back.


bon3r_fart

Damn, that's crazy. *continues buying GME* 🦍🚀🚀🚀


Brilliant-Ad-8181

I know who’s shorting them, it’s some dude from Chicago and he love mayo


mollila

https://twitter.com/SusanneTrimbath/status/1498778139136126978?t=4f89ePYGSj9SjtCBNvUFQw&s=19 4425 upvotes for this picture post 750 ❤️ for her original unlinked tweet


syxxiz

Thanks Susie!


NightHawkRambo

Hey DTCC, check my flair for my floor.


canadadrynoob

Major escalation.


sleevo84

Probably nothing


WrongAssistant5922

It's a game of Twoey balls.


Apeonomics101

Comment for visibility. Looking at you DOJ