Comments by "Frederick Miles" (@frederickmiles8815) on "Jay Newman Says Russia 'Being Cute' on Bond Payments" video.

Lenders are refusing to downgrade collateral that those bonds represent to protect their oligarchical clients margin.
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@jupitereye4322 I dont believe this was driven strategic thinking or design - this was only done to preserve the collateral of American oligarchs preventing margin calls against Citadel, Pimco, Blackrock, etc. Being a senator from DE for decades means your pretty damn close with Dimon; this type of corruption is why there is no free market (price discovery) capitalism (as oligarchs capital is protected from moral hazard and bad bets) currently in the United States financial markets - we are an oligarchy, there is no hiding it at this point.
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@jupitereye4322 sort of but you dont understand the role of security lending has in the global economy - more importantly you dont understand the role of rehypothethication of pristine collateral as well as toxic collateral. The lack of pristine collateral - mostly due to QE like policy (MMT) - has caused insane levels of rehypothethication in order to generate liquidity needed for lending. On the flip side rehypothethication of toxic assets have created trillions in CDS (think CDO) in OTC markets. Additionally the DDTC stock borrow program has allowed the two last standing hft market makers to naked short equities into oblivion in an effort to pin and manipulate price action in support of their clients and subsidiary funds - further divorcing the financial economy from the real economy. In short the American oligarchy out of sheer incompetence and narrative driven schemes has destroyed equity markets and now they are moving on to manipulation of bonds, like locust. These morons shorted US treasuries and retail equity using Chinese and Russian bonds as collateral - now when its time to pay, they and their lenders who are on the hook are cheating, similar to 07-08, but much worse. Repeal of Glass-Steagal made retail products exist only as packaged collateral for wholesale - when wholesale collateral decays it ultimately retail who suffers. If there was anyone in BRT, Chamber, or Treasury left with any type of patriotism or intellect they would sell the ~5 tril of US bonds on the Federal governments balance sheets asap. All they would need to do is have payroll tax meet the cost of safety net and offset that tax increase by eliminating the first 3 brackets of the federal income tax and dropping corporate taxes to 10%. Having the safety net become solvent - a float based model - allows you to pump much needed pristine collateral into the system. That would be the first step required to stop this insane monetary deflation which is close to causing a global depression.
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