• Sprott Money
    05/05/2016 - 06:02
    Why is a Deutsche Bank mouthpiece suggesting “negative retail deposit rates or perhaps wealth taxes”? The answer is to (supposedly) stimulate our economies.

¥55,600,000,000,000

Tyler Durden's picture




 
0
Your rating: None
 

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Wed, 03/16/2011 - 16:02 | 1062719 max2205
max2205's picture

ATM's not working doesn't help

Wed, 03/16/2011 - 16:13 | 1062798 Boilermaker
Boilermaker's picture

Yea, people's ability to access 'walkin around money' for impulse purchases...that's the issue right now.

Wed, 03/16/2011 - 16:24 | 1062891 LowProfile
LowProfile's picture

Yeah, like when they get the "impulse" to buy toilet paper.  Idiot.

Wed, 03/16/2011 - 16:29 | 1062902 Boilermaker
Boilermaker's picture

Yea, like that's not included in humanitarian aid you shit-for-brains.  I seriously fucking doubt anyone in distress is worried about being able to PAY for basic necessities.

Jesus F. Christ...this place is just loaded with mega-stooopid jackoffs now.

Wed, 03/16/2011 - 16:43 | 1062989 tmosley
tmosley's picture

I guess you've never been in a disaster zone.  What kind of idiot relies 100% on reflief aid?  There is ALWAYS material for sale, even when all the aid has dried up, or is otherwise unavailable.

Wed, 03/16/2011 - 16:52 | 1063040 Boilermaker
Boilermaker's picture

Yea, sure, I can see people haggling over the price of a roll of fucking toilet paper during a disaster of this scale.  Get a fucking grip.

Wed, 03/16/2011 - 17:00 | 1063086 LowProfile
LowProfile's picture

I know it's difficult to admit you're wrong, but suck it up.

Wed, 03/16/2011 - 17:01 | 1063089 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I am still not feeling the love here.

Wed, 03/16/2011 - 17:04 | 1063090 Boilermaker
Boilermaker's picture

Hey honey, should we try to find shelter?  I would baby, but, fuck, all I have is this $100 and nobody can make change cause the ATMs are out.  Wish I could get some 20's.  Oh well, we'll just die in this first world country.  It's a shame.

Wed, 03/16/2011 - 17:28 | 1063321 edwardscpa
edwardscpa's picture

I don't get the argument.  Money is very durable - just ...use it... as Bernanke intended, and wash it off.

Wed, 03/16/2011 - 18:43 | 1063782 Tad Ghostal
Tad Ghostal's picture

You sir are clearly a troll.  An obnoxious, thread-hijacking, beat a dead horse with my obtuse nonsense troll.

Wed, 03/16/2011 - 19:19 | 1063940 prophet
prophet's picture

You make a marvelous addition to that crew.

Wed, 03/16/2011 - 16:18 | 1062828 B9K9
B9K9's picture

At this point, whatever amount the BOJ prints/injects is really immaterial. If you guys haven't figured it out yet, this is what is going to happen:

  • The government is going to fall;
  • Debt service is going to be 'temporarily suspended' (read: permanently defaulted);
  • Oldsters are going to be cut-off - not turned out, but support payments will be "temporarily suspended" (read: permanently cancelled);
  • All foreign assets (um, that would be Ts) will be redeemed in order to garner critical capital resources.

Japan is completely fucked - like the way they & Germany were post-WWII fucked. Now, it's not to say it's impossible to recover - it's just that all the jive talk & happy face shit has got to go. When the defeated Axis powers admitted reality and got down to business, it took around 30 years to experience the full effects of recovery.

Wed, 03/16/2011 - 16:26 | 1062907 TeamAmerica
TeamAmerica's picture

Not 30 years (that would be 1975; Japan & Germany were booming by then) but the important point is those recoveries were primed by massive US support.  No way that can happen again, and I seriously doubt that China will be extending a helping hand to the Japanese either.

Wed, 03/16/2011 - 16:35 | 1062953 traderjoe
traderjoe's picture

To all of this I agree. I wonder a bit if they will go down in a fit of printing or simply capitulate. That's one of the things that you and I disagree about - I think Ben and Co will print to infinity and beyond...

Thu, 03/17/2011 - 06:47 | 1065766 kita27
kita27's picture

what?, proper fucked?

Wed, 03/16/2011 - 20:00 | 1064091 SWRichmond
SWRichmond's picture

Sorry to scab off of your early post.

"If proven true, this would bring the total taxpayer backstop injected in just 4 days to $700 billion dollars"

The Japanese government is willing to shit $700 Billion to prop up the goddamned markets for a few days, but cannot provide whatever vital resources are needed to a nuke site that's in the deep shit?  And now they have a catastrophe in progress that's worse than a market meltdown?  Thank god they shit money to protect the goddamned banks.

Give me 5 days, $700 Billion and a goddamned telephone and watch me shit some diesel generators, switchgear, diesel driven fire pumps, cables, and a whole fucking army of technicians and support staff and equipment.

But, we saved the banks.  Fucking morons.

Do you guys get it now?

Wed, 03/16/2011 - 16:05 | 1062723 camaro68ss
camaro68ss's picture

Ben must be over there showing them how things are done

Wed, 03/16/2011 - 16:09 | 1062774 DonnieD
DonnieD's picture

Hopefully Fukushima is next on his itinerary. He can show TEPCO how to fix the the spent fuel rods.

Wed, 03/16/2011 - 16:28 | 1062875 Sancho Ponzi
Sancho Ponzi's picture

Shima means island, so fukushima=

Fuk-U-Island

George Carlin, bless his soul, would have a field day with this.

Wed, 03/16/2011 - 16:54 | 1063048 aheady
aheady's picture

meh

Wed, 03/16/2011 - 16:12 | 1062801 jus_lite_reading
jus_lite_reading's picture

Its true. AP reported it today. $700 BIL is ... nothing! Costs nothing to print these days. Ask BEN, he knows.

Wed, 03/16/2011 - 16:55 | 1063055 Alienated Serf
Alienated Serf's picture

ARE LIABILITIES CREATED BY THIS Printing?  Or is it just pure printing from nothing?

Wed, 03/16/2011 - 16:04 | 1062724 ZeroPower
ZeroPower's picture

$700Bn in 4 days makes QE2 look like child's play.

Oh well, at least now the Bernank has all the more reason to try and outdo the neighbours to the West.

Wed, 03/16/2011 - 16:16 | 1062818 bob_dabolina
bob_dabolina's picture

Ben and Paul got 700 billion on 24 hours notice.

Carte Blanche

...and that was just so bankers didn't have to trade their Ferraris in for BMWs

Wed, 03/16/2011 - 19:22 | 1063950 prophet
prophet's picture

When people need dollars we open swap lines, when people need yen does BOJ open swap lines.  Is the fed involved in this $7000B?

Wed, 03/16/2011 - 16:03 | 1062725 SDRII
SDRII's picture

how much is roll off vs. new injections?

Wed, 03/16/2011 - 16:05 | 1062726 TruthInSunshine
TruthInSunshine's picture

The Bernank & William Dudley say "pikers."

Wed, 03/16/2011 - 16:04 | 1062727 jkruffin
jkruffin's picture

Was that Brian Sack's 7 million share SPY sell at 126.80?  Sure seems like an important trade to me. I think this market is going to open max down tomorrow.

Wed, 03/16/2011 - 16:12 | 1062808 Boilermaker
Boilermaker's picture

LOL, oh my young grass hopper.

Wed, 03/16/2011 - 16:56 | 1063065 tekhneek
tekhneek's picture

Yep... definitely down... "max" down even.

ROFL

Wed, 03/16/2011 - 19:23 | 1063956 prophet
prophet's picture

If I recall correctly, last time ES futures went lock limit down going into the opening we got a huge upside move that day.

Wed, 03/16/2011 - 16:04 | 1062733 Id fight Gandhi
Id fight Gandhi's picture

Guess they have to sell US assets. D'oh!

Wed, 03/16/2011 - 16:06 | 1062751 homersimpson
homersimpson's picture

Doh!

But I'm still going long EWV..

Wed, 03/16/2011 - 16:10 | 1062773 jkruffin
jkruffin's picture

On another note, SSO cut loose a bit over 400k also, that is definitely a sign of more pain coming for the ponzi.

Wed, 03/16/2011 - 17:06 | 1063119 TruthInSunshine
TruthInSunshine's picture

I hope the U.S. has some Greek Islands to sell.

Wed, 03/16/2011 - 16:05 | 1062736 weenus
weenus's picture

gold and silver, bitchezzzzzzzzzz

Wed, 03/16/2011 - 16:06 | 1062738 Shock and Aweful
Shock and Aweful's picture

This whole thing is fucking ridiculous....

And shows just how fragile, insolvent and unsustainable the world's entire financial superstructure is.

Ben will have to top this shit...can't have the Japanese showing us Americans how to piss away money now can we?

Wed, 03/16/2011 - 16:05 | 1062741 Bill Lumbergh
Bill Lumbergh's picture

I wonder if $700B could cover the rebuild cost of all the tsunami damage...unbelievable.

Wed, 03/16/2011 - 16:09 | 1062760 sodbuster
sodbuster's picture

I was just thinking the same thing!! And oh- em, yeah, I'm gonna need you to go ahead and come in to work this Sat. OK?

 

Wed, 03/16/2011 - 16:11 | 1062788 EscapeKey
EscapeKey's picture

Couldn't they ship some of those Dubai slaves over, it's not as if they're busy in the UAE anyway.

/Not that I agree with slavery.

Wed, 03/16/2011 - 16:24 | 1062834 malikai
malikai's picture

Once they get to $1.0T, they will have exhausted the equivalent value of their USD FXR.

Wed, 03/16/2011 - 16:28 | 1062915 EscapeKey
EscapeKey's picture

They passed that point already.

In the event they were to sell off their treasuries in volume, the drop would be precipituous.

No doubt sleazebag Geithner already had emergency meetings with the Japanese treason secretary equivalent. Emergency, as in the American emergency (Dollar collapse), not Japanese (minor nuclear cataclysmic disaster).

Wed, 03/16/2011 - 16:42 | 1062982 Sancho Ponzi
Sancho Ponzi's picture

Japan will follow Ireland and create yen out of thin air with a few one-sided accounting entries. No liquidity? No problem.

Wed, 03/16/2011 - 16:55 | 1063060 Alienated Serf
Alienated Serf's picture

that is the question i keep asking.  is all this printing creating liabilities???

Wed, 03/16/2011 - 17:34 | 1063363 edwardscpa
edwardscpa's picture

Is the Treasury's deficit spending creating real liabilities if the Fed is the ultimately exchanging notes for the the obligations the Treasury issued?  Or are they just diluting the value of the outstanding debt/notes?

Wed, 03/16/2011 - 19:42 | 1064024 dark pools of soros
dark pools of soros's picture

the tsunami moved your desk...  to the other side of the city...

Wed, 03/16/2011 - 16:07 | 1062742 cswjr
cswjr's picture

 

"It's not so simple that everything will be resolved by pouring in water. What we are trying to do is to avert other problems," said Edano.

Lol, kick that radioactive can a little further, would ya?

Wed, 03/16/2011 - 16:06 | 1062745 Internet Tough Guy
Internet Tough Guy's picture

Have they tried dropping yen directly in the smoking reactor hole?

Wed, 03/16/2011 - 16:10 | 1062781 Debtless
Debtless's picture

They should consider airlifting 85 Broad Street, New York and plugging that fucker up with GS headquarters. I'd pay a bit more in one-time-taxes to see that happen.

Do NOT follow this link or you will be banned from the site!