300 Billion In Intervention Down, 35 Trillion (And 128 Days) To Go

Tyler Durden's picture

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Wed, 09/15/2010 - 08:00 | 582835 Mongo
Mongo's picture

All is well...

Wed, 09/15/2010 - 08:34 | 582836 plocequ1
plocequ1's picture

And lo Ramses II put forth the command, So let it be written, So let it be done and tis was done. Fuck all them naysayer sissy girl bitchez. Once again, Rally on. Google price target.. 9,000/ share

Wed, 09/15/2010 - 08:25 | 582861 Slartebartfast
Slartebartfast's picture

Bernanke picked up the phone in a panic last night at told the Japanese to do this in order to stop the fall of the dollar on the USDX.  Yesterday saw the dollar drop almost an entire point.  Thanks to Japan it retraced half of that over night.  That was the emergency measure.  Watch Uncle Ben come out against gold with all he has today to try to further prop up the USDX.  He can't let it go back below 80 - which of course it will, and soon.

Wed, 09/15/2010 - 08:41 | 582878 jbc77
jbc77's picture

Pull out the body bags for FX traders on the wrong side of this one. My hat is off to those that trade FX, this has to be one of the most risky endeavors, especially these days. Would seem very difficult to make cash when the CB's are such formidable opponents.

Wed, 09/15/2010 - 08:59 | 582907 MarketTruth
MarketTruth's picture

If you truly are upset at what is transpiring, remove all funds other than what is necessary from your bank accounts, cash in all stocks and buy gold and/or silver (physical holding). This is the only way to vote with your money and send a message to the central banksters and investment system.

Wed, 09/15/2010 - 10:15 | 583054 Vampyroteuthis ...
Vampyroteuthis infernalis's picture

I wonder how many FX funds were permanently damaged in this demonstration. Someone had to get carried off in a body bag and some fund(s) had to implode.

Wed, 09/15/2010 - 08:56 | 582899 SheepDog-One
SheepDog-One's picture

I dont know if its just me, but thats the first article I absolutely didnt understand a bit of. Japanese reign holders, FX intervention coin flips, 36 trillion...huh? Damn I must be a bit 'tarded today, probably the chemtrails.

Wed, 09/15/2010 - 10:29 | 583085 freshman
freshman's picture

Don't worry, 99% of the entire world population are with you. That's why the central banks and fiat money can rule the world for so long. But like everything else, it will end "spectacularly".

Wed, 09/15/2010 - 09:00 | 582910 NOTW777
NOTW777's picture

if you believed in conspiracies, you might wonder how convenient it was the intervention stopped the PM moonshot

Wed, 09/15/2010 - 09:09 | 582924 scratch_and_sniff
scratch_and_sniff's picture

Who thinks this is just a warning shot across the bow??? Dont know about you lot, but my sleeping routine is just about to be slightly tweeked.

Wed, 09/15/2010 - 09:25 | 582950 ratava
ratava's picture

they would have to push it over 100 to give me a margin call. i have all the time in the world. if you think yen can weaken while yuan strengthens i want a hit of whatever you are smoking.

Wed, 09/15/2010 - 09:32 | 582975 scratch_and_sniff
scratch_and_sniff's picture

"Given that both the US and Japan are going down the path of unconventional monetary easing, the most credible central bank is likely to ‘win’ the weaker currency." ...ok, i'm confused?

Wed, 09/15/2010 - 10:33 | 583093 freshman
freshman's picture

Every country wants their own currency devalued without angering other countries - so the most "persuasive" government/central bank will win this race (you can imagine all kinds of "means" to be "persuasive" including wars and war threats).

Wed, 09/15/2010 - 12:27 | 583393 ratava
ratava's picture

yes we see how far wars got dollar. third one will be the charm?

Wed, 09/15/2010 - 11:40 | 583295 andyupnorth
andyupnorth's picture

Currency manipulators and insider traders... they should all be thrown in prison.

Wed, 09/15/2010 - 13:46 | 583538 jailnotbail
jailnotbail's picture

Haven't they been telegraphing the fact that they were going to do this for like the last week or so at least?

Thu, 10/07/2010 - 06:16 | 631654 Herry12
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