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FX Rates On Trampolines
Just plain insanity - EURJPY goes from session highs to session lows, a 200 pip swing, in 5 minutes. Same with EURUSD. And as for the EU conference, don't expect it to happen until a leak finally drives the EUR up for at least 5 minutes straight. We may be at 1 trillion before the night is over.
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And the central banksters would have us believe that these swings are "good" for the free markets? Uh, yeah, right.
just look at all those entry points!!!!
Fat Finger.... Don't worry about it
Fat Finger? You've met my proctologist?
http://img.dailymail.co.uk/i/pix/2008/02_02/lowryMEN1702_468x348.jpg
I don't know who junked you.......I don't care who you are, that's funny!
And that gap up on the SPY when it gets filled, there will be pain....
The convulsions of the New World Order.
That's right, Cheeky. Epic fail.
+1000
Euro will fill gap...
Cheeky, you has always had the best way of putting things, words or not. +1000
LMAO! awesome!
If your currency is backed by the infinite borrowings of indebted nations then price discovery can be an extended correction exhilarating process.
Sushi, I'll steal that and share it..I ilike it !!
Something seems not right. Bloomberg portal says 5/12/10. Even for HongKong time and date, thats tomorrow, tuesday. ;)
A glimpse into the future...every trader's wet dream.
Where do the markets go tomorrow? Black Monday?
prolly not is a big enough package to calm the market and interbank lending in the short term [1-3 months] but after that it will not be nearly enough to keep the markets in one place. EURIBOR will explode and EU will experience LEHx10000
IF you're right and EURIBOR and LIBOR blow out this week, the pain we'll see will be just as bad. The last thing Benron Bernanke wants to see is USDX at 88-90 again.
Hence the swaps that were announced. swap the value of the package for USD. its perfect cant you see it. 645 billion EUR out 1 trillion dollars in. instant fall in DXY and usd/eur back to 1.40xx-1.50xx
That is so assinine it is not even funny. But you're probably right. If we execute that swap we create liquidity issues here. And the CRE is crapping the bed as we speak so the regional banks are not exactly looking like sunshine and lollipops.
oh make no mistake about it. QE by proxy courtesy of Bernanke. EU will agree to the swap since they pledged to defend the EUR.
it will kill all the nations which banks depend on EURIBOR for funding. meaning Spain, Italy, Greece, Portugal, Ireland, UK go down in the matter of hours .. GER lefts standing, Switzerland and Norway laugh all the way to the bank as 1 week EURIBOR goes above 0.5.
If EURIBOR blows out, LIBOR blows out. The Brits follow suit. That should help the ARM's resets a lot. Let's see everyone crap themselves with a 1% o/n LIBOR just like the good old days of 2008.
and its even worse than 2008 since here we are dealing with [a weak form] of sovereigns. Everything grounds to a halt dude. Europe fucked, bank runs to follow shortly [ a la Northern Rock in 2007] and the death spiral begins and continues to ..... well spiral until bernanke steps in, again by proxy, and saves the day .... that should bring some major volatility to vix and a couple of 500+ down and up days.
Amen to that. The Brits are screwed with no coalition government, uncertainty about monetary policy and the EU deciding to screw them by inflating like whores. Everyone thinks the Euro is saved when all they did was roll her over, and pull a Clinton and tell her to put some ice on it.
I've never seen such abuse by the sovereigns in my entire life and when the selling starts there is not one single entity outside of the central banks to backstop this crap. Last Thursday was a hint. Next time they will have to openly buy not just equities but bonds, junk bonds and the whole market to save it. I smell a crater coming with almost a 1000 bps spread still between German and Greek bonds. I wonder how big the spread is going to be between UK and German credit by tomorrow afternoon....
Bloomberg must follow ZH around....
Bank Funding Crunch Deepens as Swap Rates Soar: Credit Markets
Up, down, up, down. Sort of like a whorehouse or Washington, D.C.
Please, never confuse a wholesome and ethical esablishment, i.e., whorehouse with a pit of vipers, i.e., DC. Thanks.
My bad. My apologies to all the fine ladies.
Pit vipers and brothels? Could someone have actually written about that? You bet! http://fishgonebad.com/shorts/brothel.htm
The world has closed, come back tomorrow
and gold gets sold off, too risky, these currency moves are much healthier.
i *so* do not have any idea how any of this works...
You and me both. I think it's meant that way, so we will all follow blindly into the slaughter chute.
Which, as everyone on ZH is probably aware by now, is the last buying possibility before TSHTF.
I'll wait a couple more days, to get a better idea of the direction of the Gold market. But if it is going down, I am going to really add to my stash as fast as I can.
I have been waiting some weeks now for a significant drop in silver or anything else shiny but it does not seem to be happening - meanwhile the Goldman boys are vaporising my Euros into infinity
I just don't know how much longer I can hold ......
The world should be a nice place to live.. It seems governments
always screw it up for the people.. If voting does not work,
what else is there... ?
Liberty demands self-reliance.
Anarchy is the answer.
The only answer.
that 1st video virus of the mind was damn good soap thanx
It was right in front of everyone's face, Tyler and I just made it visible...
- Thank you AnonymousAnarchist.
http://www.youtube.com/watch?v=1wiRhVzsXFM
http://www.youtube.com/watch?v=3Eyka0dcZN4&playnext_from=TL&videos=aaUEXvUWF4I&feature=sub
Civilization. Funny vid. Thx dude.
Ah yes, anarchy, the tyranny of lawlessness. Where anyone with a bigger gun is your de facto ruler. Count me out.
...doesn't understand, anarchy is beautful dude.
Vid under "answer"= required watching for you ;~)
Husk-Erzulie is referring to this one. ;)
How can I count you out when you just described the situation you're in right now? And, even if that wasn't true, how does that justify aggression?
I could overlook the incorrect definition of anarchy but you should, at least, expose yourself to day 1 reading material before you comment on something (unless you're just trolling).
I'll even help you out...
Have fun!
from Anarchist Manifesto, Anselme Bellegarrigue (1850)
I'm not a troll, just a silly chump. What I described is anarchy, plain and simple. The situation I'm in now is statism, plain and simple. Both are opposite sides of the same coin: tyranny.
Thanks for the reading material, seriously. As much as I think anarchy is the same idealistic bullshit as socialism, I look forward to reading how its proponents justify such a system.
I wouldn't say "silly". More like naive. You are not describing anarchy (a society without government), you are giving us your prediction of what would happen in a society without government. If you don't see the difference then you are using an incorrect definition (the statist newspeak that uses the word "anarchy" in place of "chaos").
You're welcome for the reading material. I really hope you check them out. Since you've never been exposed to these ideas and your only exposure is to some statist propaganda bs, I think you'll find it very interesting.
The irony here is that nothing could be further from the truth. All statism is "idealistic bullshit". Socialists, minarchists, communists and fascists all feel there are situations where aggression is justified. They differ on the justification but the result is the same. Anarchists on the other hand believe aggression is never justified. Pretty simple.
You might want to check out the links from a conversation in another ZH thread as well.
As opposed to what? Anarchy between States where any one with the bigger gun is STILL your de facto ruler?
Not saying Anarchy is the solution (although I do find the ideal appealing) but, I mean, your argument sucks.
I think anarchy is attractive as well in its idealistic form. However, anarchy...between...state governments? This very idea is a non-sequitur.
A proper government has a total monopoly on force, which is why America's Constitution used to be a tool specifically for limiting government power and protecting the individual from the unjust application of that force.
Liberty does not exist in an anarchy, except in the wild fantasies of people who really should know better.
"Oh? What's that? You're unhappy with how I performed my end of our contractual agreement? *Bang* Fuck you."
"Boy, you have some nice shiny coins there, a lot more than I do. *Bang* Gimme that shit."
There's your end application of anarchy, every time. People who argue for anarchy are the exact same as people who argue for socialism despite epic failure, every single time, all throughout human history.
Since you don't understand what he is getting at, let me try. Business is contracted around the world between parties under the jurisdiction of different states. There is no world government to settle their disputes yet, when there are disputes, they are never settled with violence. Until there is a world government, there will be anarchy between states.
The constitution is a piece of paper. If that's all it took to prevent a state from growing then the argument for a state would be rendered irrelevant. Instead, we could just take a piece of paper and write "no one can infringe on any other individual's rights". And why would giving a group of men the power to violate the rights of individuals be a good way to protect the rights of individuals?
You can't just make stuff up. Previous comments already have links to material that will correct your made-up view of the historical record.
They are "defending" it
Yes. this will be France's best defense since they held off the Nazis in 1940.
With a worse result.
WOLVES IT TELL YOU!! I'VE SEEN THEM IN THE FOREST!!!
WOLVES!!
people closing out positions because nobody knows wtf the long term implications are. the race to the bottom is on.
RED!!!!
EUR/USD
Beurs: Indices, Currency etc. - ISIN: - Ticker:USDEU $ 1,2890 -0,44% (00:16)Like Michael Jackson said it: THIS IS IT! THIS IS FINALLY IT!!! RIP
still no press conference, are they first waiting to see how the Asian markets react to the trial balloon / leak of the 560B euro bailout
http://video.consilium.europa.eu/index.php?pl=&sessionno=2899&lang=EN
Does it look anything like this?
http://www.youtube.com/watch?v=FJ8OuIkk77g
It is all over. The only relevant currency is the dollar (sadly) because it is backed by military supremacy backing a continent with supposed liberty and shores that cannot be invaded. War is inevitable in this climate. Debt cannot be accrued unless it is for military purposes and the plundering of resources. Incredibly everybody needs the U.S. if WW3 breaksout since we are the sole nation that can go isolationist, consume amongst ourselves and repudiate all debts. Nukes bitches. Not that I agree with this but as endgame sneaks out of the closet it is a reality. We have had entirely too much peace and fiat money allows for the alleviations of many tensions but it is all contingent upon resources and let the Middle East be your guide. Reminds me of one of my favorite Jed Bartlett parables.
Why has there always been conflict in the Middle East?
Because it is a centuries old conflict involving land, suspicions and culture.
No. Because it is incredibly hot and there is no water.
Don't forget the religious tensions too.
I wonder if terrorism will decrease or not as this crisis consumes us all. It seems like they are getting their end goal of world collapse without all that inconvenient and messy killing involved!
It's now 0:40 here in Europe, I'm going to bed.
Past history suggests volatility means we go down. So therefore, volatility on the EUR suggests.....
http://www.youtube.com/watch?v=DMi_o6ki2_0
When the going gets tough
And the stomach acids flow
The cold wind of conformity
Is nipping at your nose
When some trendy new atrocity
Has brought you to your knees
Come with us
We'll sail the Seas of Cheese
Just reading that poem kicks off the cheesey voyage in style.
here come the bastards
Gold down $9 Silver and platinum slightly up, The movements just look like standard retracements, This bailout fund only kicks the can for a while, I see no reason not to expect much further falls in the EU/USD and gold to go higher in a few weeks or months, Its interesting times, I like the finger pic too.
Charts looked like the craggy Rockies. Thars money in them thar hills.
Dow FUTURES UP 148- Rule 201 goes into affect tomorrow, are you telling me they dropped the market ahead of the 10% rule on May 10??? WTF?
http://www.tradersmagazine.com/issues/23_307/sec-short-sale-rule-105483-...
Nothing to see here kids. The USA bails out Europe, The market rallies. Wall Street once again reins supreme. 1000 point gain on the Dow. Now in the immortal words of Billy Batts, " Now go home and get your fucking Shinebox "
I'm hoping that's the case so I can take my tax return and grab some more gold before it goes vertical
This video is the best example of what to expect in the Forex, futures, currency and MSM propaganda and global markets tonight and tomorrow.
http://www.youtube.com/watch?v=xWnJyKQACXA
I prefer...
BloodSport
http://www.youtube.com/watch?v=3YZ1WSh2JWQ&feature=related
Not bad... however for sheer devastation?
Monty Python's "The Black Knight"
http://www.youtube.com/watch?v=zKhEw7nD9C4&feature=related
What the hell is a De-Mak?? lol
Gold drops as eur/usd, eur/jpy, and usd/jpy all gap up? A little desperate.
bouncy tonight...
LOL...
Come bounce those FX swaps my way luscious.
For my uh...research purposes, uh yeah...., could you please tell me what cartoon that is from?
the sec crew on zero hedge lol
Dumb question...Where do you get info on futures?
http://finviz.com/forex.ashx
http://www.bloomberg.com/markets/stocks/futures.html
Or if you have trader software (TOS is free) just type in /ES
Follow Geopolitics, then the smart money engages.
Agenda 21 is a comprehensive plan of action to be taken globally, nationally and locally by organizations of the United Nations System, Governments, and Major Groups in every area in which human impacts on the environment.
http://www.un.org/esa/dsd/agenda21/
Bilderberg 2010 Meeting to be Held in Spain
http://www.eutimes.net/2010/04/bilderberg-2010-meeting-to-be-held-in-spain/
G-7 to Discuss Market ‘Turmoil’ in Call, Japan’s Tamaki Says
http://www.businessweek.com/news/2010-05-07/g-7-to-discuss-market-turmoil-in-call-japan-s-tamaki-says.html
It doesn't take rocket science to follow the special interest groups and connect the dots. The rabbit hole is not as deep as you think.
I would very much like to hire Blackwater, sorry Xe, to storm the Bilderberger group meeting and execute them all.
Anyone want to jump in on the pool?
How many NSA keywords can you get in 1 sentence? Is there a knock at you door?
Oooh... This is like web optimization, fun.
kill murder execute revolution jihad bomb plan plane subway ferry nuclear new york los angeles bilderberger council on foreign relations trilateral commission gun shoot blood
The red squirrel rides at dawn.
Anyone want to help?
PS For anyone who is actually monitoring the web, do your damn job. People around here like to blame the government, representatives, corporations, and banksters; but you know what? It's really law enforcement and regulators. Just doing your job? So were Hitler's train engineers. I repeat, do your damn job, jail the criminals, and stop the financial terrorists.
Its been nice knowin ya CC. Give the men in black a nice hello for me, will ya?
Whatever. Que sera sera.
"Under a government which imprisons any unjustly, the true place for a just man is also in prison." - Henry David Thoreau
Thoreau's my favorite. just ribbing you CC. Always enjoy
your posts...We will have to have a beer someday....
i know you guys have seen this, but for those that haven't:
http://oathkeepers.org/oath/
second most important site on the net.
+1 round trip around walden pond
Vaya Con Dios amigo. Enjoy Hotel Gitmo.
That is too funny. I honestly do not think that the men in black come to people's doors anymore. They just trace the IP address, and then record everything associated with the person who owns it. Think of it as a kinder gentler version of the East German Stasi.
even better cc, just figure out the "word", buy an airline ticket to barcelona and bring a bullhorn:
http://www.halfpasthuman.com/theword.html
no violence needed
Word. Been following those guys for awhile. I will read anything and everything, and make the judgement call from there. I see no reason in a cause and effect universe that we cannot glean at least the direction, if not destination, that current effects/events are pointing/moving us towards. Using the web as an interactive Jungian collective unconcious, brilliant! Interesting stuff to say the least. Then there are people like Celente that are a little more practical. I like to mix a nice stew of ingredients for my reading, a range from one extreme to the other. Super main stream, to total tinfoil, and everything in between. Paired with critical thinking, and questioning, the truth usually distills somewhere in the middle; usually.
Ever heard of cymatics? That's the field where Clif's "word" will be found/rediscovered, if it exists/existed imo. It's my hunch that the "holy" sounds/words of Om and Am-en, have something to do with this. (See Tibetan myths of sound lifting physical material, Coral Castle, etc...) Ok, not going to go too much further out there on this forum, but I have been meaning for quite some time to do some experimentation with cymatics and ferrofluid.
Nice to know I'm not the only one looking high and low for pertinent information.
Every once in a while a random ZH page just becomes a goldmine of phat links and commentary. This is one of those. Plus, what could be better than NSA comment optimization for shits and giggles. I mean dude, you drive just like Steve McQueen. :-)
By the way, the package is in place and cooking, project mayhem is a go...
cc, been into cymatics for years. have done some artful experiments with it.
check out this guy:
http://www.youtube.com/watch?v=fCXZF3NiPIk&feature=related
now i'm just pumping sound into the water i use for my plants.
if ya haven't already, u should explore some of rudolf steiner's eurhythmy. he deeply went into what you're referring to.
A-BA-RA-CA-DA-BA-RA
say that slow 3 times and feel where it vibrates your body.
magic vibes mon.
fyi, the man who taught me eurhythmy, a 65 yr old cat with more stamina than a boy 1/3 his age, said the final war will be a spiritual war...and that it's about to begin...
In.
LONDON, May 9 (Reuters) - British finance minister Alistair Darling said on Sunday it was important to do everything possible to stabilise the financial markets, but his country would not provide support for the euro.
http://www.reuters.com/article/idUSLAL00442920100509?type=marketsNews
Ruh roh Shaggy....
Yeah Crab you would pretty much think his, "look fellas my name is Paul is this shit is between yall" would draw the picture quite clearly for them. No wonder during the Euro talks to unify under a currency they were giggling in the corner and saying, "You guys are aware you are 80 years removed from two World Wars right? No thanks we will sit this one out."
My crabby friend i would be pleased to share your cell.
ZH had its moment last week. Printing presses are full bore forward. Back to Dow 14,000. Gold back to $500.
Wangernomics?
yes, the impossible dream lol
Does this mean the Wankermeister comes back out from under his rock to pump another day??? Noooooooooooo!!!!!!
You meant PIMP another day didn't you?
You mean shill. Prepare ye all for the return of the Wankster.
Its been a nice 4 days...
Dow 1,000,000!! Who cares! only dip shits and gamblers are playing the market.
Excellent, gold at $500, time to jump in and scoop up a dump truck sized load.
You can have all the paper assests you want at 14,000.
But, when we get to 36,000 you will sell, right?
yeah, heavy inflationary trends like mass QE are always gold bearish. Idiot.
Oops, my bad on the post. Much apologies.
Given that Germany now has a minority government and the UK has no government (and would be giggling from the audience if it had one), we appear to be relying on the decisiveness, cool heads, and deep pockets... of the French.
It is no wonder the press conference is delayed, a Frenchman always puts dinner first.
Can someone explain to me how 110Bn wasnt enough to calm fears over Greece but 500Bn will calm fears over the whole zone, when only Spanish and Italian GBP adds up to roughly 10 times that of Greece?
......................................................................................
Live-ish blog on the economist is a good description of whats going on
http://www.economist.com/blogs/charlemagne/2010/05/euro_crisis_1
Ambrose E-P has some analysis of what it means, and it isnt good.
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/7702335...
Question - whats you bid for a 5-yr Eurobond backed by all the Eurozone countries in relative % of their GDP?
My vote is for EUR dead cat bounce, followed by a massive flight to dollars once the German parliament starts to complain about the new EuroTreasury dept.
Per Bloomie....
Eur/ all up about 1%
European market futures down 3-4%
From the E-P link above:
A European state is being created before our eyes. No EMU country will be allowed to default, whatever the moral hazard.
When you take over the governance of a state without the endorsement of the electorate is that not a coup d'etat?
A nation of bankrupt spendthrifts embracing all moral hazard - who would not vote for that! We are all Greeks now!!
Our leaders have spoken: the Universe is back in alignment.
Thank you House of Rothchilds.
'From the earliest days, the Rothschilds appreciated the importance of proximity to politicians, the men who determined not only the extent of budget deficits but also the domestic and foreign policies. Rothschild influence extended to royalty as well. Nathan first came into contact with British royalty thanks to his father's purchase of outstanding debts owed by George, Prince Regent. later King George IV. and his brothers.'
- Niall Ferguson
I generally feel sorry for the muppets who get done over by the fiatsco "imaginary money" system and lose their shirts, but anybody who really believes this:
..deserves all they get.
watching Susan Li on Bloomberg - she is wearing a fantastic red little number.
Oh yeah she is talking Jim Rodgers - he says he is holding some Euros and is expecting a rally.
Thanks, be right over!
This is entertaining for the same reasons as cockfighting.
viagra money, good for a little while
Whoever thinks that the central banks around the world will NOT print an infinite amount of money to keep the boat floating is delusional.
Governments who allow their economy to sink (even if it's the best thing they could possibly do), quickly become ex-governments.
No one wants to endure the pain of planting early (and having a bountiful harvest). Human nature always wants to take from those who won't/can't fight back. Just read your history.
The announcement today of $500 billion Euros is a duh! moment.
OH NO! Futures gave back 60 points on YM. EU needs to announce an upsized deal to 1 trillion Euro. Why stop at 600B? All arbitrary and funny money anyway.
Word! And have you seen EUR/USD over ES or YM? Theyre not tracking each other 1:1..somethings wrong!
This is pretty normal for Sunday night FX activity...and is not newsworthy imo
Agree but seems to have boosted spx and other long index futures, though.
So the ECB invents E600B and buys EuroBond Trash from its member banks. It then turns around and swaps that for $ using the FED swap facility. So all that greek debt is on US books now? Neat trick.
So not only did the Euro get massively inflated (and I agree it won't last 2 weeks), but so did the $.
AUD/USD looks very appealing right now
You forgot one thing:
The US and EU are now man and wife. Either can be the bitch depending on the day of the crisis or day of the week. We are now married at the hip with the dollar swap facility and IMF loans.
It's quite the diabolically genius plan, isn't it? The world has collectively realized that the entire world financial ponzi gig is up, and in order to avoid the deflationary spiral of credit collapse, they decided to devalue their currencies all at the same time. It really is a race to the bottom...BUT since currency valuations are relative and not absolute, currencies manage to stay at least somewhat stable while at the same time central banks around the world get to massively print money to keep their markets and economies afloat.
Only the Elites could come up with such a crazy plan and make it work...
Well, let's not give them to much credit yet.
It's a brand new ball game called QEII and we're only at the top of the first inning and we've only seen the first pitch.
Well it looks like Tyler wasn't far off from with his 1 Trillion dollar guess.
Bloomberg Headline:
EU Crafts $928 Billion Show of Force to Halt Crisis, Buoy Euro
QE2 begins NOW
20:50 05/09 EU REHN: ECB HAS TAKEN DECISION TO INTERVENE IN GOVT BONDS
Woooo! Heeeee!
QEII, hopiumly it won't sink like the Titanic in the middle of the Atlantic Ocean.
Let's see how do bankers solve problems. Oh ya. They get someone to loan them say 92.8 billion dollars and then fractionally reserve it as 928 billion. That way they look bigger on paper than they really are. What was the first thing the FED did. Take 100 billion of the 700 billion bailout package and fractionally reserve it up to a trillion.
Gotta be careful debt (money) is about to be produced on a grand scale but it's alright since theres not a scrap of gold in europe for sale anyway.
Metals current market
http://www.kitco.com/market/
"
EU finance ministers have agreed on emergency measures worth 500bn euros (£430bn) to prevent the Greek debt crisis from affecting other countries.
Members of the single currency bloc will have access to 440bn euros of loan guarantees and 60bn euros of emergency funding from the European Commission.
The International Monetary Fund (IMF) will also contribute up to 220bn euros."
... from the BBC.
This sounds like 720B Euros or $870B. What loans is the ECB guaranteeing?
The devil is in the details.
220...221...whatever it takes.
must keep ponzi alive!
21:07 05/09 BOJ: DOLLAR SWAP DEALS TO PREVENT STRAINS TO OTHER MARKETS
21:05 05/09 BOJ: DOLLAR SWAPS AIMED AT IMPROVING DLR LIQUIDITY CONDITIONS
21:03 05/09 '**BANK OF JAPAN: TO CONSIDER RE-ADOPT DOLLAR SWAP DEAL
WTF is going on EUR/JPY just jumped from 18.75 to 19.17 in three minutes and now is turning over. Yeah let's not do this at home.
Nothing should be done in haste except gripping a flea
9 May 20:18:31 EU PACKAGE: Bank of Canada announces swap agreement with Fed, worth up to $30 billion.
9 May 20:17:34 EU PACKAGE: Fed confirms it will temporarily provide international dollar swap facilities.
9 May 20:16:24 EU PACKAGE: ECB to conduct intervention in public, private debt markets; will reactivate swap lines with Fed.
We're getting fleeced, voluntarily.