• Sprott Money
    05/26/2016 - 05:58
    How many “emergency” “secret” meetings do the central planners around the world need to have before the citizens of the respective countries begin to fully understand and take notice that something...

ECB Releases Collateral Schedule, Announces Will No Longer Accept Non-Euro Denominated Collateral

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 04/08/2010 - 11:49 | 291589 Alexandra Hamilton
Alexandra Hamilton's picture

Battening down the hatches?

Thu, 04/08/2010 - 11:52 | 291594 bigdad06
bigdad06's picture

Looks like they are trying to make the Euro the new world reserve currency starting on Jan. 1, 2011. I guess they see the dollar collapsing  sometime this year. WHOOOPPPEEE!!!:))

Thu, 04/08/2010 - 19:10 | 292277 Buck Johnson
Buck Johnson's picture

I believe you may be correct on that assessment.  By saying that they won't accept non-euro denominated collateral, is essentially saying the dollar assets are bad and will continue to get bad/collapse.  You may say what about the yen or yuan or whatever.  Those currencies believe it or not rely on the dollar and are tied to them, so if you decided to take yen collateral it may be (no in fact it will be) leveraged to the dollar somehow either through other assets or derivatives.  So if the dollar collapses, it could take that Yen asset with it and you end up with assets from Japan that aren't worth anything.


This is amazing and very quite in the other news agencies.  Someone must know something about the future of the world economy and are slowly and quietly tryign to move and position for the calamity.

Thu, 04/08/2010 - 11:57 | 291603 KidHorn
KidHorn's picture

No matter. As long as the FED buys stocks and never sells them, we'll continue to go up on low volume forever.

Thu, 04/08/2010 - 11:59 | 291605 doolittlegeorge
doolittlegeorge's picture

I don't see why Greece doesn't dollarize their economy.  Our interest rates are basically zero and needless to say "they're not going up ever."  Sure your stuck with the likes of Lebanon and El Salvador--but is the IMF really an option?  I think it was the Koreans in 1998 who coined the phrase "I Am F*****" as what the IMF really stood for.

Thu, 04/08/2010 - 21:22 | 292438 kleeee
kleeee's picture

Why everyone thinks the Fed is melting up the market

When people (the market) are basically forced to buy something.

The market will continue to go up as long as the money is floating like crazy.



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