Today I wanted to quite the giant City Group time bomb that will likely collapse the market. Now you may have seen that Citigroup just out to sell rating on AMC with a price target of 1.60 cents per share. Now this led to a bunch of Apes drinks, digging and what they found is very very worrying to stay tuned and let's make some money and now on a dive. Straight in with the information.

So as Joey tweeted he said, rest in peace the group once again, it looks like we've got another shockingly dumb Bank showing their hand to the Apes now Jason Bassinet from Citigroup initiated coverage with a sale rating on AMC Entertainment and a price target of 1.60 cents per share and as I said, this led to a bunch of Apes like Crystal Ball to do some digging on Citigroup He tweeted saying check out the derivative liabilities held by Citigroup who keeps bashing at MC and other Banks such as JP Morgan and Goldman Sachs. He said we knew this already, but it's great to see them all listed together. Inflation tracker is tweeted saying that the banks are over leveraged by two quadrillion dollars in derivatives and effectively they're all on the brink of self-destruction and the largest banks holding these giant derivatives of JPMorgan Chase, Goldman, Sachs and Citibank. Now what's interesting here is that Bank of America is actually about 50 larger than Citigroup based on asset totals.

But yet Citibank or Citigroup has twice as many toxic derivatives and this article written by Counterpunch is the next bomb to go off in a banking crisis will be derivatives. Now this isn't July of 2021. The law firm Paul Vice Rift kind, Wharton and Garrison released a 165-page report on the internal investigation that it had conducted for the board of Credit Suisse into how the bank came to lose 5.5 billion dollars conducting highly leveraged and dodgy derivative trades for our Kagos. Capital Management Now Arcados held tons of toxic derivatives like those Total return swaps and more simple derivatives like call and put options and that's exactly what Citibank is holding: 46 trillion dollars worth of not 46 million, not 46 billion, but 46 trillion dollars.

And it says their report focused on the amount of derivative debt that was not being captured through regular statistical reporting because it's held off of the bank's balance sheets. Researchers refer to this exposure as staggering a note of potential for upset to Dollar swap lines to settle it as it comes due. and even though the Dodd-Frank legislation required that most of these derivative trades move to Central clearing so they can be publicly reported as of September 30th, 2022, the OCC which is the options clear incorporation report found that 58.3 of these derivative trades were not being centrally cleared meaning they were over the counter. And as Peter and tweeted he said our Citibank Let's not forget that they are not disinterested.

They were actively shorting AMC over the last two years and they were the original originator of the infamous 500 million dollar Brazilian AMC Adrs, which the media never seemed to talk about. He said Citibank is arguably not as vulnerable as Credit Suisse and likely Deutsche Bank as well, but he will be watching them more closely. Now if you remember those Brazilian Adrs or the Bdrs from about a year and a half ago, Citibank was the original tour to all of these transactions. This was effectively 3 billion AMC shares or 500 million dollars worth of AMC shares that was created under these Brazilian Bdrs with the guys that it was six Bdrs for every one share, but obviously similar to FDX that was supposedly holding Real AMC shares in custody, which obviously was never doing.

It's likely the Citigroup was also never holding Real AMC shares either, because they would have had to have been holding 500 million shares of AMC AK City group would have had to be holding in custody the entire flow. You may also remember this screenshot from just another rat toy of two individual firms holding tons and tons of GameStop options. Those two firms will Constantia investmentos and capital investmentos. This is again two Brazilian funds that Were Somehow holding practically the entire float of GameStop input options.

and again, this was discovered at the exact same time those Brazilian Bdrs on AMC were discovered as well. I There's tons of dodgy happenings with GameStop and AMC out in Brazil or more likely both are just tied to Citigroup. So therefore, as Petan tweeted, it is likely that Citigroup have been actively shorting AMC over the last two years, and arguably that's why they've now initiated coverage with a sell ratio on AMC Because obviously Credit Suisse isn't around to do it any longer. and just another rat Toy has also tweeted this article from Wall Street on Parade headed Citigroup City Bank took the largest amount of loans from the Fhlb of New York in 2022, and that was reminiscent of Fhlb loans taken by Silvergate, Silicon Valley Bank Signature, and First Republic Bank as well.

Now this is on March 13th. We published the below chart showing the 10 financial institutions that have taken the largest loan advances from the Federal Home Loan Bank of San Francisco as of the year end 2022, and she said it's a very ominous sign that the bank at the top of the list Silicon Valley Bank collapsed and is now under the control of the Federal Deposit Insurance Corporation. As you can see, the top two banks on this list Silicon Valley Bank and First Republic Bank have either already gone bankrupt or are just about to, and it says the Citigroup Citibank was the largest borrower from the Federal Home Loan Bank of New York as of the year-end 2022 with 19.25 billion dollars in loans outstanding and Citigroup was also the largest borrower from the Fed's emergency bailout programs during the Financial Crash of 2007 to 2010, secretly receiving over 2.5 trillion dollars in cumulative loans. So you can see that Citibank or Citigroup is effectively just made up of giant giant loans from the Fed and a giant amount of toxic derivatives and a suspended POS tweeted.

He said it's very evident that Wall Street and banks in coordination with the third, the SEC, Finra, and the Dtcc have conspired to try and screw over retail investors via artificially suppressing the markets, and he said it's clear that Credit Suisse is tanking because of not wanting to close out of those toxic short positions and now up next, we will likely be Citibank And as Kevin Malone also tweeted, he said GameStop short sale volume has just reached 2021 levels, but he said what makes this time different is the fact the Costa borrow is now 40 times as much as it was back then and 50 of the stock flow has been removed from the Flow by GameStop and their DRS. We're currently seeing GameStop shorting volumes, the likes of which we haven't seen since early 2021 at a time when Credit Suisse is going under and when Citigroup is likely struggling as well as suspended. POS tweeted, He said Wall Street The banks, the Fed, the SEC Finra, and the Dtcc are likely all trying to club together to stop AMC and GameStop from exploding, because obviously if they do explode, it will likely cause Citibank and some other major Banks to end up imploding with all of their toxic derivatives. And now you may have also seen that Apple have just announced plans to spend one billion dollars a year on movie releases in person in theaters and it says the investment is part of the tech company's efforts to raise its Hollywood profile and lure subscribers to Apple TV which is obviously good news is it means there's around a billion dollars coming to theater chains like AMC like Cinemark and others as well.

That just means yet another Revenue stream for AMC that's likely going to be very, very profitable for them. And finally, a sound I mean Lords weighted. This is likely going to end up with AMC dying and Diving between Jim Cramer dodging Ken Griffin weaving between Citigroup and completely outrunning Credit Suisse to obviously nail that final touchdown. But guys, be sure to let me know what you think down in the comments below.

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