@RealWillyBot @jimcramer While its great to see #MSM's epiphany (albeit 3 years late) that #tether might be #dodgy. perplexing that #tether is still being discussed as if its a potential risk vs a flat out fraud. Not only is it obvious that tether are NOT the 7th largest holder of commercial paper. 
@RealWillyBot @jimcramer While commercial paper is s Trillion$ market its long been in decline, average term is 270 days and almost always rolled over (and if its not most likely refinanced for cheaper longer term debt - hence the decline)
@RealWillyBot @jimcramer So lets assume $1T market is declining 10%pa, 270 day term, 90% rolled over. max deals that could be financed by new entrant ~$7.5B pm....($90B pa).
@RealWillyBot @jimcramer The commercial paper market would have been beseeched by #tether bankers chasing deals like a battalion of rabid #pacman eating commercial paper and everyone in their path.
@RealWillyBot @jimcramer Before the carneverous tether pacman could have even begun terrorising the commercial paper market #tether would have already have achieved the impossible the streamlined coordination and redirection of billions and billions of incoming fiat.
@RealWillyBot @jimcramer Lets not forget these muppets were unable to put in place an actual contract with CCC who towelled them up for $850m....
@RealWillyBot @jimcramer putting all that aside. The number one reason why #tether are not 7th, 10th or even 50th ranked commercial paper funder is well because they never had the funding in the first place.
@RealWillyBot @jimcramer Its amazing how perfect a fit the quantum of commercial paper issued matches the shortfall of cash and the other rubbish on their balance sheet.
@RealWillyBot @jimcramer Speaking of the other rubbish on the balance-sheet.....those reverse repo notes....I'm betting are nothing more than another layer of paper so they could pilfer even more of their anaemic cash holdings (repo the CP for cash)
@RealWillyBot @jimcramer Has anyone actually hit up @Deltec to confirm whether @Tether_to is running the #commercialpaper charade through #deltec or did #tether just plagiarise Deltec's cash management fund
deltecbankresearch.com/funds/Deltec%2…
https://twitter.com/intel_jakal/status/1394562510070583296?s=20
deltecbankresearch.com/funds/Deltec%2…
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