Here It Comes: US Gives Green Light On IMF-Mediated Rescue Of Europe, EURUSD Goes Parabolic

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Wed, 12/01/2010 - 12:55 | 768219 Sancho Ponzi
Sancho Ponzi's picture

...and DXY just took a huge dump

Wed, 12/01/2010 - 13:37 | 768515 chopper read
chopper read's picture

you didn't get the memo?!!!!!!!!!!!!!

 

David Rockefeller and the gang have decided that currency monopolies are going global. all en route to "Special Drawing Rights" for us all, with the feudal counterfeiters at the top.

 

psst.  thats NOT you. 

Wed, 12/01/2010 - 14:49 | 768916 Mr Lennon Hendrix
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Soros raised his eyebrows to the lady, the only lady, that he lets interview him.

"The SDRs are backed by goled."

Wed, 12/01/2010 - 16:27 | 769462 Bay of Pigs
Bay of Pigs's picture

Mr Jimi, liftoff is imminent.

The crowd stood back, mouths agape, staring in astonishment....is that quote REAL?

Wed, 12/01/2010 - 23:30 | 770723 Buck Johnson
Buck Johnson's picture

There will be two currencies in the US, one for internal use and the other for trading international.  They will make it illegal or hard for people to obtain or use the external currency because that one will be based on a basked of commodities.  The internal one will be easy for the country and countries to manipulate and only worry about screwing the pleabs.

Wed, 12/01/2010 - 12:56 | 768220 mule65
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Panic buying and short covering LOL.

Wed, 12/01/2010 - 12:56 | 768222 ZeroPower
ZeroPower's picture

So the US taxpayer is not only bailing out banks from back home, but across the pond as well.

Financial services field - FUCK YA. USA. USA.

Wed, 12/01/2010 - 13:08 | 768314 jus_lite_reading
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If anyone needed another reason to buy all the silver you can on Dec 7th, here it is!

 

EFFFF the banksters!

Wed, 12/01/2010 - 22:10 | 770482 rocker
rocker's picture

I said it weeks ago, USA taxpayers must bailout all Bankers on foreign soil just like we did here. We will monetize all their debt and recapitalize all their banks as well.   Buying IRE and AIB looks good now.

Be prepared and invest accordingly. Loaf of Bread $10.   Ounce of Silver $50.   Ounce of Gold $2000. 

Wed, 12/01/2010 - 12:57 | 768227 Gene Parmesan
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It's easy to be generous when you're giving away someone else's money.

Wed, 12/01/2010 - 13:43 | 768543 BurningFuld
BurningFuld's picture

Needs a little correction. It's easy to be generous when your giving away someone else's money to yourself.

It's a mixed up world boys and girls.

Wed, 12/01/2010 - 15:11 | 769022 chopper read
chopper read's picture

arm yourselves.

Wed, 12/01/2010 - 12:56 | 768228 kato
kato's picture

of course, those same people who love this - who love getting their bonds bailed out - wouldn't give the steam off their piss to help a poor person get health care.

Wed, 12/01/2010 - 13:18 | 768378 SteveNYC
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Good observation, agree totally. Makes me sad for the human race.

Wed, 12/01/2010 - 13:18 | 768381 D-Falt
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Like SEIU Local 1911 for example. 

“In addition, new federal health-care reform legislation requires plans with dependent coverage to expand that coverage up to age 26,” Behroozi wrote in a letter to members Oct. 22. “Our limited resources are already stretched as far as possible, and meeting this new requirement would be financially impossible.”

Wed, 12/01/2010 - 15:15 | 769041 chopper read
chopper read's picture

kato, your beloved 'healthcare' builds the US Treasury Bond market, which is front-ran by the International Banking Cartel.  Why do you believe that Goldman Sachs gives so much money to the 'Dumbo-craps'? 

these monsters find out what you care about, then get you to vote for Federal intervention.  then, they use the gunpoint of government to fleece us all. 

WAKE UP AND SMELL THE DOGSHIT.  SOCIAL SECURITY IS GONE.  THE COFFERS ARE RAIDED.  'OBAMACARE' IS JUST ANOTHER SCAM FOR RICH FOLKS TO GET RICHER IN A DEBT-BASED MONETARY SYSTEM.  YOU ARE NOT HELPING THE POOR, YOU ARE CREATING MORE POOR, AND YOU WILL SOON JOIN THEIR RANKS IF YOUR LAST NAME IS NOT ROCKEFELLER. 

...is it?

Wed, 12/01/2010 - 12:57 | 768232 Careless Whisper
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"US official" = Federal Reserve Bank scum

who voted for these guys? how do we get them out? why are they called "officials"?

Wed, 12/01/2010 - 12:57 | 768234 tmosley
tmosley's picture

Yeah, IMF, sell us ALL of your gold so you can fund this clusterfuck.  Then you will have nothing, and we, the free, will have everything.

Wed, 12/01/2010 - 13:00 | 768248 Mr Lennon Hendrix
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The EURUSD just went parabolic.

So did platinum.

Wed, 12/01/2010 - 13:00 | 768250 crzyhun
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Madness of a lost currency! This is just as mad as the you tube of the shoppers.

 

Wed, 12/01/2010 - 13:01 | 768254 DonnieD
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Can civilians purchase drones for their own personal use?

Wed, 12/01/2010 - 13:04 | 768280 MsCreant
MsCreant's picture

Yes. The problem is they currently need to be recharged every 15 minutes.

Wed, 12/01/2010 - 13:01 | 768259 RobotTrader
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Wow, what a rally....

Stock valuations keep growing and growing.

 

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Wed, 12/01/2010 - 13:07 | 768304 Internet Tough Guy
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No post about oil brutally upcrashing to 86? The LA city bus is going to be extra crowded today.

Wed, 12/01/2010 - 13:10 | 768323 qussl3
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The rate CBs are throwing good money after bad, stocks are a freaking safe haven.

Mindboggling.

Wed, 12/01/2010 - 14:03 | 768576 NotApplicable
NotApplicable's picture

Good money? They don't have any good money, all they have is bad and worse.

Wed, 12/01/2010 - 15:52 | 769292 tallystick
tallystick's picture

Should we be worrying about naked shorting and FTDs?

Wed, 12/01/2010 - 13:01 | 768261 MsCreant
MsCreant's picture

None of us are surprised by this. I am not a very sophisticated audience member at all and yet I am certain if I had to I could find an old comment of mine where I said that Bernanke would print to cover them when the time came. He is not bailing them out, he is using them like AIG to bail US out.

I see an orgy of Zombie corpses feasting on each other. Wonder what will come of that?

 

Wed, 12/01/2010 - 13:18 | 768380 erik
erik's picture

Yes, because US banks hold tens of billions in EU debt.  He is bailing them out with our money in order to bail out our banking system and keep the bonuses flowing.

At this point, if ECB announces QE tomorrow, you have to put everything in the long gold bucket.

Wed, 12/01/2010 - 14:23 | 768761 MarkS
MarkS's picture

Actually, US banks hold very little Euro debt in comparison to Euro banks or versus other holdings.  He is bailing them out to keep the $US from skyrocketing. 

All the manufacturing growth we have seen this summer was export driven.  Look at intermodal rail traffic thru the summer and look at the big droppoff in intermodal (right on que).  Inventory build that needs to find a home, not import more crap, and a manufacturing that needs a devalued $ to compete.

Of course they are also doing it because they believe a collapse in/of Europe will lead to a massive global slowdown.  And from here, that would have to change the 'R' to a 'D' as in Depression.

It pisses me off, but is hardly surprising.  The only question is whether or not people believe in it enough to kick the can farther down the road this time.

Wed, 12/01/2010 - 14:51 | 768918 erik
erik's picture

Mark, I didn't say in comparison to Euro banks or versus other holdings.  I stated that the US banks hold tens of billions in EU debt, and implied that fact is not lost on Bernanke.

I have made similar comments previously on the export-driven boost in ISM over the last 2 months due to USD weakness, so we agree there.

Wed, 12/01/2010 - 13:02 | 768265 redpill
redpill's picture

Fuck this shit!

Wed, 12/01/2010 - 13:08 | 768310 Hansel
Hansel's picture

+1 Fuck this shit!

Wed, 12/01/2010 - 14:02 | 768670 UGrev
UGrev's picture

another vote for "Fuck this shit!" +1

Wed, 12/01/2010 - 14:52 | 768923 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think that would make for a good chant outside the Fed during the moments before the riot police came and arrested everyone for exercising our first amendment.

"Fuck this shit!  Fuck this shit!"

Wed, 12/01/2010 - 20:58 | 770357 peaches
peaches's picture

Fuck this shit! Fuck the Ben Bernank!  ...and buy silver.

Wed, 12/01/2010 - 13:01 | 768266 John McCloy
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So our dollar goes down because dollars will be in demand from the not so slowly decaying Eurozone? ok.

Wed, 12/01/2010 - 13:39 | 768523 flaunt
flaunt's picture

No the dollar goes down because we have no f'in money and we'll have to borrow or print it to bail out the f'in bankster terrorists.

Wed, 12/01/2010 - 13:03 | 768269 Racer
Racer's picture

They had to use other tactics to devalue the dollar and talk about bailing out europe was a good way to boost the euro and trash the dollar.. and make the market jump

Wed, 12/01/2010 - 13:03 | 768276 economessed
economessed's picture

Don't expect me to file a tax return if this goes through.  I'm out of options that fit within "the system."  But I'm not short of hostility towards those who enrich themselves from MY LABOR.  It's not your money, and you CAN'T HAVE MINE.

Wed, 12/01/2010 - 13:04 | 768278 Cognitive Dissonance
Cognitive Dissonance's picture

Instant global orgy. Wow, nicely timed to distract attention from the noon Fed "information" release.

Wed, 12/01/2010 - 13:06 | 768296 John McCloy
John McCloy's picture

   When they cannot move the markets with fundamentals anymore they pull the same tricks repeadetly and that is rhetoric, rhetoric & more coordinated rhetoric.

Wed, 12/01/2010 - 13:14 | 768351 Clockwork Orange
Clockwork Orange's picture

Seems to be coordinated to stitch the two ponzi-actions together ... since we did not lose any money on TARP, we have plenty to gamble on Europe.  All is good.  Praise be to Zimbabwe Ben.

Wed, 12/01/2010 - 14:01 | 768662 A_MacLaren
A_MacLaren's picture

Close to the bulls eye. 

The failure of one debt based, fractional reserve ponzi-scheme fiat currency would glaringly display the fallacies of all the others.

Wed, 12/01/2010 - 13:52 | 768598 NotApplicable
NotApplicable's picture

Between this announcement and this morning's deficit commission yelling "BOO!" I'd say they've done a good job of filling the air with noise today.

Meanwhile PMs prep for lift-off.

Wed, 12/01/2010 - 13:09 | 768288 bob_dabolina
bob_dabolina's picture

Wheat + 6.5%

Oats 4.5 %

Corn 3.6%

Rice 3.5%

Oil 3.3%

Sugar 3%

And the winner isss....cold and hungry people whose ue benefits are about to expire.

Good job central bankers. Good job. You really shoved your dick up our asses with that one. Is this the wealth effect I hear so much about?

Wed, 12/01/2010 - 13:11 | 768328 jus_lite_reading
jus_lite_reading's picture

Millions of people will be rolling off the cliff in the coming weeks. As long as there is another "Black Friday" the other masses still collecting unemploymeny will be happy. Until...

Wed, 12/01/2010 - 13:06 | 768300 Nucking Futs
Nucking Futs's picture

Houston, we have lift off!

Wed, 12/01/2010 - 13:07 | 768303 Nedly66
Nedly66's picture

And the timing of this IMF statement comes right as the Fed releases the bailout details.... Suspicious? Time to start digging through those files!!!!

 

http://www.federalreserve.gov/newsevents/reform_transaction.htm

Wed, 12/01/2010 - 22:18 | 770495 rocker
rocker's picture

Will you believe everything they disclose. I will not.

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