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ATM's not working doesn't help
Yea, people's ability to access 'walkin around money' for impulse purchases...that's the issue right now.
Yeah, like when they get the "impulse" to buy toilet paper. Idiot.
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.
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.
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.
I know it's difficult to admit you're wrong, but suck it up.
I am still not feeling the love here.
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.
I don't get the argument. Money is very durable - just ...use it... as Bernanke intended, and wash it off.
You sir are clearly a troll. An obnoxious, thread-hijacking, beat a dead horse with my obtuse nonsense troll.
You make a marvelous addition to that crew.
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:
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.
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.
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...
what?, proper fucked?
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?
Ben must be over there showing them how things are done
Hopefully Fukushima is next on his itinerary. He can show TEPCO how to fix the the spent fuel rods.
Shima means island, so fukushima=
George Carlin, bless his soul, would have a field day with this.
Its true. AP reported it today. $700 BIL is ... nothing! Costs nothing to print these days. Ask BEN, he knows.
ARE LIABILITIES CREATED BY THIS Printing? Or is it just pure printing from nothing?
$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.
Ben and Paul got 700 billion on 24 hours notice.
...and that was just so bankers didn't have to trade their Ferraris in for BMWs
When people need dollars we open swap lines, when people need yen does BOJ open swap lines. Is the fed involved in this $7000B?
how much is roll off vs. new injections?
The Bernank & William Dudley say "pikers."
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.
LOL, oh my young grass hopper.
Yep... definitely down... "max" down even.
If I recall correctly, last time ES futures went lock limit down going into the opening we got a huge upside move that day.
Guess they have to sell US assets. D'oh!
But I'm still going long EWV..
On another note, SSO cut loose a bit over 400k also, that is definitely a sign of more pain coming for the ponzi.
I hope the U.S. has some Greek Islands to sell.
gold and silver, bitchezzzzzzzzzz
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?
I wonder if $700B could cover the rebuild cost of all the tsunami damage...unbelievable.
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?
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.
Once they get to $1.0T, they will have exhausted the equivalent value of their USD FXR.
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).
Japan will follow Ireland and create yen out of thin air with a few one-sided accounting entries. No liquidity? No problem.
that is the question i keep asking. is all this printing creating liabilities???
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?
the tsunami moved your desk... to the other side of the city...
"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?
Have they tried dropping yen directly in the smoking reactor hole?
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.
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