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Futures Surge On Greek Bailout Report
Following the previously reported news that Germany is sacrificing its political leadership, not to mention credibility, to bailout its banks, futures are currently ripping. As the chart below indicates, ES is surging right now, even as the broader risk basket is left far behind, since the markt realizes the "Brian Sack" pod at Citadel will be double taxpayers doubletime.
And since the entire stock market is now driven by the relative move in the EURUSD, with over 80,000 long EUR contracts recently eliminated in the net spec non-commercial position (as we presented previously) and as the net USD spec position moved from a net short to a net long for the first time since January, expect to see a pronounced knee jerk reaction as the FX specs proceed to get roundtripped for at least a few days. Which if nothing else buys the insolvent governments just that: a few days.
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"Σχ?διο «Μ?ρσαλ» απ? Ομπ?μα με εγγυ?σεις FED ?ψους 30 δισ. δολ. για επενδ?σεις στην Ελλ?δα"
"The U.S. Federal Reserve FED intends to provide guarantees of 30 billion dollars in American banks, investors to invest in, relating to ports and development of large areas of land in Greece, according to proprietary information of newscode.gr.
The announcement is expected to be announced soon by the Athens medium privatization program runs until Friday.
In short, the FED seems to take part in guarantee that has to do with U.S. investments, involving privatization in Greece.
According to well informed and reliable sources of newscode.gr guarantees the FED and the issue of privatization were the main subject of discussion during a telephone conversation he had last week, U.S. President Barack Obama, with the Greek Prime Minister George Papandreou.
Indeed, had adopted a statement the White House, according to which the U.S. president make declarative pleased with the Greek premier for "ambitious" economic reform agenda in Greece.
As explained by well-informed sources in newscode.gr recent placement of U.S. President during his tour in Europe and the G8 Summit in Paris, which supported the efforts of Greece for economic reconstruction, is directly with a view to guarantee the FED to U.S. banks and investors."
(google translate)
From: Newscode.gr
http://bit.ly/isvXoT
Yeah, those lifeline FED credits do wonders in appropiating assets.
In 2001 Citi acquired Banamex (Banco Nacional de México) the oldest and biggest mexican bank with over 125 years (since JV in 1884) in private mexican equity. It was hailed in MSM as "bullish" for Mexico, bla bla bla. The trend at then 2001 was that 80% of Mexican Banks were NOT in mexican hands anymore. This fire-sell of mexican banks were expected to continue and rise to 95% by 2002.
I don't know about Greece, but here in Mexico, since this happenned, banks have been ripping off ordinary people from their savings and predatory lending practices.
The 2008 crisis left Banamex credit card holders with ridiculous interest rates and unpayable high credit lines given to the financially challenged.
I don't know about Greek bank system, but I would expect funny things happening if asset appropiation is next.
Wartshaftwunder......
You got warts on your shaft...no wonder.
Wortshaftwunder
Fuck Off shithead.!
I'm glad to see the Greeks participate in civic affairs:
"We Greeks believe that a man who takes no part in public affairs is not merely lazy, but good for nothing" — Thucydides
Perhaps the spirit will spread and shake the sheeples here at home to ge tmore involved.
Hey the last time the Greek bailout plan was announced, the futures were lock limit up..
...who remembers!
http://www.bostonwealth.net/2011/05/31/futures-up-up-away/
Gonna be a flop. Germany does this, Merkel is finished. Europe will go into a social/economic meltdown. Means Germany is backstopping the whole of EZ....and when Spain goes...
And Papa makes some money:
Accusations of Treason in the Greek Parliamenthttp://coveringdelta.wordpress.com/2011/05/29/accusations-of-treason-in-...
I'll never understand why the politicians of these countries are so willing to give up their people's sovereignty and allow bankers and international bureaucrats to rule their countries.
But someday, the same thing will happen to the United States, because we're on the same path to destruction. That day is not far distant, probably the next 2-3 years.
Unfortunately, so many citizens are now recipients of endless and infinite entitlements, that they won't care about their freedom nor their soveriegnty when it comes to their pockets. Like Esau in the Old Testament, they'll willingly sell their souls and their soveriegnty, enslaving themselves and future generations, for a mess of entitlement pottage just to keep the temporary dependency intact. This isn't just the future of Greece; it's ours, too!
Global tyranny by bankers. Coming soon to an America near you! Freedom is unfortunately in its last days. Freedom wanes, tyranny reigns!
What is amazing to me is how this news is being talked up like a celebration...stock futures up..the EURO is up...its great news for the newscasters.......but in reality..which I am begining to find out is no longer...and I do not do drugs...this is a bad business/government decision that in the end will add to the pain of the reversal..I am trying to invest to protect myself from these events..heavy into PM´s...but when no one ..not a bank..not a politician..not a country is going to take responsibility for what they do..it is very hard to be right...I have come to the conclusion that when things get bad..very bad....they will change the rules on my PM´s and take them....make them illegal..tax them heavy..to save themselves...and all the years of my doing the right thing..will be for nothing....they will not let anyone else "WIN".....its all them or nothing..
Hehehe, Greek bonds and National Bank of Greece baby!!! Oh, don't forget them solar shares, they're going to melt-up too:
Germany implements ‘historic’ nuclear energy phaseout by 2022 Read more: http://www.digitaljournal.com/article/307366#ixzz1Nw1U3co5