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

Tyler Durden's picture

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Sancho Ponzi's picture

...and DXY just took a huge dump

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. 

Mr Lennon Hendrix's picture

Soros raised his eyebrows to the lady, the only lady, that he lets interview him.

"The SDRs are backed by goled."

Bay of Pigs's picture

Mr Jimi, liftoff is imminent.

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

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.

mule65's picture

Panic buying and short covering LOL.

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.

jus_lite_reading's picture

If anyone needed another reason to buy all the silver you can on Dec 7th, here it is!

 

EFFFF the banksters!

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. 

Gene Parmesan's picture

It's easy to be generous when you're giving away someone else's money.

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.

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.

SteveNYC's picture

Good observation, agree totally. Makes me sad for the human race.

D-Falt's picture

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.”

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?

Careless Whisper's picture

"US official" = Federal Reserve Bank scum

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

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.

Mr Lennon Hendrix's picture

The EURUSD just went parabolic.

So did platinum.

crzyhun's picture

Madness of a lost currency! This is just as mad as the you tube of the shoppers.

 

DonnieD's picture

Can civilians purchase drones for their own personal use?

MsCreant's picture

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

RobotTrader's picture

Wow, what a rally....

Stock valuations keep growing and growing.

 

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Internet Tough Guy's picture

No post about oil brutally upcrashing to 86? The LA city bus is going to be extra crowded today.

qussl3's picture

The rate CBs are throwing good money after bad, stocks are a freaking safe haven.

Mindboggling.

NotApplicable's picture

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

tallystick's picture

Should we be worrying about naked shorting and FTDs?

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?

 

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.

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.

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.

redpill's picture

Fuck this shit!

UGrev's picture

another vote for "Fuck this shit!" +1

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!"

peaches's picture

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

John McCloy's picture

So our dollar goes down because dollars will be in demand from the not so slowly decaying Eurozone? ok.

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.

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

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.

Cognitive Dissonance's picture

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

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.

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.

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.

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.

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?

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...

Nucking Futs's picture

Houston, we have lift off!

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

rocker's picture

Will you believe everything they disclose. I will not.