The Japanese Plunge Protection Team Exposed: The BOJ's "1% Rule", Or The "Shirakawa Put" In Practice

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Mon, 06/20/2011 - 00:57 | 1384015 HungrySeagull
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The one who rolls the rock uphill needs to eat to keep strength.

Kind of hard to maintain one's strength when enduring radiation.

Mon, 06/20/2011 - 01:33 | 1384082 Id fight Gandhi
Id fight Gandhi's picture

Sisyphus is growing a third nut on that glowing rice.

Mon, 06/20/2011 - 00:59 | 1384022 Fidel Sarcastro
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BONZIiiiiiii (bitches)

Mon, 06/20/2011 - 09:27 | 1384586 Harlequin001
Harlequin001's picture

BONZIiiiiiii PONZIiiiiiii

Mon, 06/20/2011 - 01:03 | 1384024 Orly
Orly's picture

It's all gonna trickle out eventually.


Mon, 06/20/2011 - 01:25 | 1384074 baby_BLYTHE
baby_BLYTHE's picture

although, they have been telling the American people for 25+ years it would 'Trickle Down', hell I am not even that old. 

We're soo doomed!

Mon, 06/20/2011 - 03:47 | 1384239 Goldtoothchimp09
Goldtoothchimp09's picture

I was wondering how old you are...

Mon, 06/20/2011 - 07:21 | 1384375 Djirk
Djirk's picture

the opposite actually, propping markets is a great asset re-allocation from the middle class to the rich.

Mon, 06/20/2011 - 10:06 | 1384683 Harlequin001
Harlequin001's picture

It's fraud, isn't it?

Mon, 06/20/2011 - 01:05 | 1384039 Subprime JD
Subprime JD's picture

Off topic, but you guys HAVE to check out the Iraq Stock Exchange. ISX. Its trading at 141, bottomed at the height of the war in 2006 at 25 points. Check out some of the listed stocks, for example Bank of Baghdad was trading at 30 dinars in 2005, and is now trading at 3.75 lol. With 110 billion barrels of recoverable crude, im going long on Iraq lol lol. Upside potential here is hugggeeee

Mon, 06/20/2011 - 01:33 | 1384090 ebworthen
ebworthen's picture

Unless, of course, the Chinese move in when we move out...

Mon, 06/20/2011 - 02:05 | 1384147 MisterAmbassador
MisterAmbassador's picture

We will never leave Iraq.  We built that huge, $1 billion embassy there.

Mon, 06/20/2011 - 02:04 | 1384141 MisterAmbassador
MisterAmbassador's picture

110 billion barrels is only like a three year world supply, twelve year US supply.


The most important video you'll ever see:

Mon, 06/20/2011 - 11:25 | 1384894 sun tzu
sun tzu's picture

Saudi Arabia only has an 8 year world supply. I guess they don't matter either

Mon, 06/20/2011 - 01:05 | 1384041 DoChenRollingBearing
DoChenRollingBearing's picture

With all the horror that is going on in Japan, I really do hope they can work it out.  I really have my doubts though, Fukushima being a HUGE PROBLEM...

From a purely selfish standpoint, I hope their bearing companies (mostly in SW Japan, away from Fukushima) can keep their production up to help us better supply Peru...

Mon, 06/20/2011 - 07:13 | 1384368 old naughty
old naughty's picture


have your geigher counter ready...check readings on every shipment.


Mon, 06/20/2011 - 01:07 | 1384042 chump666
chump666's picture


Check out the sensex friggin collapsed!

Markets are flippin out

Mon, 06/20/2011 - 01:12 | 1384044 Milton Waddams
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The [enter bubblenomics Fed Chairman here] put is an incredible thing.  In times of panic and market dislocation, the Fed infuses its owners with cash in order to finance their acquisition of assets at fire sale prices.  And in recently invoking 13(3) of the FRA [UD], we see that the Fed will trade cash for virtually anything so that the cash can be deployed into deep value situations within panic conditions.  Rigged casino.

Mon, 06/20/2011 - 04:09 | 1384046 Yen Cross
Yen Cross's picture

 Gold and Silver look really heavy and WtI sept. futures dipped below 91.50. 

  Here come's the Junks. Instead of learning from people they live in denial.

Mon, 06/20/2011 - 01:11 | 1384052 johnmilan
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How do you buy options on the Iraqi exchange?

    I have dec 66 SPY puts

Mon, 06/20/2011 - 02:19 | 1384165 dognamedabu
dognamedabu's picture

I think you have to walk into buddies hut and say..I am taking your stock if it reaches X level by July 16. And if you don't like it, remember you have the option on if you live or die. 

Mon, 06/20/2011 - 10:16 | 1384715 HungrySeagull
HungrySeagull's picture

I had a view of Iraqi stock exchange on Fox some years ago. They had a Rotary telephone, a few note pads, pencil and a modest whiteboard with semi pernament markers on the wall to write, edit or wipe away data as it changed on thier new stock exchange.


Something like 15 or so listed that day in the brief presentation if memory serves. Easily serviced in real time without too much difficulty and hardly no tech or other overhead.

Mon, 06/20/2011 - 04:36 | 1384275 Yen Cross
Yen Cross's picture

Do I need to answer this? CFD,s  ETF,s Over seas banking?  ,.'..'..,'...

Mon, 06/20/2011 - 01:20 | 1384059 gwar5
gwar5's picture

Beanie Babies Stock Markets 

250 years from now people will still be talking about all of this the same way we still talk about the Dutch Tulip Mania.

Mon, 06/20/2011 - 02:04 | 1384144 gwar5
gwar5's picture

This isn't exactly modern and it sure isn't capitalism, at least not the kind Adam Smith would recognize anyway.

Our CBs are just doing the same scam John Law did in France, 1715-20 when he printed a series of notes for the Royal Charter bank, backed by land in America supposedly. Boom to Bust in 5 years when it all unraveled.

He even tried capital controls and banning gold ownership, but didn't last a year. These CBs belong in jail with Bernie.



Mon, 06/20/2011 - 03:02 | 1384211 disabledvet
disabledvet's picture

"if everyone's doing it it must be ok."

Mon, 06/20/2011 - 10:11 | 1384702 Harlequin001
Harlequin001's picture

"if everyone's doing it becomes more difficult to hide from."

Mon, 06/20/2011 - 01:17 | 1384061 dognamedabu
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Can anyone give me a bit of background on Tyler? No not the fictional movie dude, the one here that is like a machine that finds all this awesome financial stuff no one else seems to have the balls to talk about. I hate to think I am getting fed this all by a Brad Pitt character. 

Mon, 06/20/2011 - 01:24 | 1384067 Popo
Popo's picture

If you were taking hourly jabs at the world's most powerful (and dangerous) cartels, would you put your real identity out there?

Mon, 06/20/2011 - 01:27 | 1384068 augie
augie's picture

Supposedly, he was born in a mental institution. They say he only sleeps one hour a night.

why do you want to know about the tylers? is there mere existence not enough for you?

Mon, 06/20/2011 - 01:23 | 1384071 Orly
Orly's picture

His midichlorian readings are off the scale.

Mon, 06/20/2011 - 01:30 | 1384075 dognamedabu
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Ha ha I gets you. I do remember their old site. 4 of them right?

Oh well, best to keep the magic going. Just want them to know it is the first place I check in the morning and the last place I check before bed. Total reps for the hard work that they seem to totally enjoy doing. 


Mon, 06/20/2011 - 01:37 | 1384083 augie
augie's picture

if you're trying to get in touch with them,


ads [ at ] zerohedge [ dot ] org - Advertising Inquiries.

abuse [ at ] zerohedge [ dot ] org - Abuse / Infringement Issues


Mon, 06/20/2011 - 01:41 | 1384099 ebworthen
ebworthen's picture

Website, called ZeroHedge:

Mon, 06/20/2011 - 01:57 | 1384130 MisterAmbassador
MisterAmbassador's picture

You are Tyler.  Tyler is you.


"Self-improvement is masturbation. Now, self-destruction..."

Mon, 06/20/2011 - 02:17 | 1384154 gwar5
gwar5's picture

Click around on the website, there used to be a tab that would let you lurk on the live webcam that's bugged into Bernanke's office.

I think that's where he gets most of his shit.

Mon, 06/20/2011 - 02:44 | 1384197 ProdigyofZen
ProdigyofZen's picture

Tyler runs this site from Argentina. While we are running around like chickens here in the US he is lapping up the 24% inflation in Buenos Aires living it up. He is probably at one of the famed Milonga's right now dancing Tango.

Mon, 06/20/2011 - 01:31 | 1384079 Yen Cross
Yen Cross's picture

 Tyler is Chuck Norris incognito, and he lives in Ninja Dojo far, far away!

Mon, 06/20/2011 - 01:38 | 1384080 dognamedabu
dognamedabu's picture

Oh wait..There is a paypal donate button I seem to gloss over often. Hmm soon as the dude pays me for that DVD on Ebay, I have $20 with your name on it Tyler ;)


'cept that Canada Post strike is going make my feedback rep go to shit.


Hey look at that! My first junked on ZH. Now I feel like part of the club. Thanks!




Mon, 06/20/2011 - 03:09 | 1384214 disabledvet
disabledvet's picture

forgot all about that Canada Post strike.

Mon, 06/20/2011 - 01:36 | 1384086 Shineola
Shineola's picture

Tyler must be like Lassie.  There's probably about eight of them.  


My favorite episode is where Bennie falls his dapper looking ass down a mineshaft and Lassie risks her life to catch a rattler and drops it in on him.  That one brought a tear to my eye.    

Mon, 06/20/2011 - 01:37 | 1384102 Mediocritas
Mediocritas's picture

Basically, if one ignores all the stocks that actually pay a dividend, the stock markets of the world are all just massive Ponzi schemes, taken upwards by continual inflows of cash from the baby-boom generation pursuing the dream (often mandatory) of building a nest-egg for retirement.

Now, as we know, all it takes to expose any Ponzi scheme is for enough people to cash out. So here they come, the boomers, going into retirement and drawing on that next egg, sending markets inexorably into the gutter compounded by a virtual army of bots that are rather more capable today at running a trend than the bots of old.

Well , that's just a tad inconvenient for the overlords now isn't it? We can't have the world's largest (current) voting group experiencing an elimination of life's savings now can we? So here come the central banks to the rescue with a perma-bid supported by an infinite cash machine, swapping equities onto their books and keeping notional stock prices elevated. Nevermind that every company will end up being effectively nationalized and that all that extra cash in the system will lead to inflation that wipes the boomers out anyway, we'll just bet on the next generations breeding like hell to create enough warm bodies that will then seek to create their own nest-eggs and we can reverse the swap and kick it all down the road. Too easy!

Well, my dear Central Bank Overlords, it seems the problem you have there is that the newer generations appear to have noticed that you've fucked the world up rather badly, and they don't seem all that keen to each have 10 kids just to feed them to the Ponzi-doom machine you've created. Hell, seems like they don't even want to be fed to the machine THEMSELVES! I guess the game is up.

Mon, 06/20/2011 - 01:41 | 1384106 Orly
Orly's picture


Mon, 06/20/2011 - 02:29 | 1384177 molecool
molecool's picture

Awesome mate, and spot on.

Mon, 06/20/2011 - 02:44 | 1384193 Popo
Popo's picture

> " Hell, seems like they don't even want to be fed to the machine THEMSELVES!"


Give it time.   Planned financial crises have a way of forcing the best of them onto dole.   They may not 'want' to buy in, but they can be forced in through max pain.


Mon, 06/20/2011 - 10:35 | 1384763 Harlequin001
Harlequin001's picture

'A villein was the most common type of serf in the Middle Ages. Villeins had more rights and higher status than the lowest serf, but were under a number of legal restrictions that differentiated them from freemen. Villeins generally rented small homes, with or without land. As part of the contract with their landlord, they were expected to spend some of their time farming the lord's fields. The rest of their time was spent farming their own land. Like other types of serfs, they were required to provide other services, possibly in addition to paying rent of money or goods. These services could be very onerous. Villeins were tied to the land and could not move away without their lord's consent. However, in other regards, they were free men in the eyes of the law. Villeins were generally able to have their own property, unlike slaves. Villeinage, as opposed to other forms of serfdom, was most common in Western European feudalism, where land ownership had developed from roots in Roman law.

A variety of kinds of villeinage existed in Europe in the Middle Ages. Half-villeins received only half as many strips of land for their own use and owed a full complement of labor to the lord, often forcing them to rent out their services to other serfs to make up for this hardship. Villeinage was not, however, a purely exploitative relationship. In the Middle Ages, land guaranteed sustenance and survival, and being a villein guaranteed access to land. Landlords, even where legally entitled to do so, rarely evicted villeins because of the value of their labour. Villeinage was much preferable to being a vagabond, a slave, or an unlanded labourer.' Wilipedia.

Many will beg for it, ultimately...


Mon, 06/20/2011 - 01:42 | 1384107 ZackLo
ZackLo's picture

Hot money chases high yield there is no conspiracy behind that. And the money the fed is printing to pad Europe and when they all dump they're load somewhere around 2013 we'll have hyperinflation Weimar proved that with Mises' call no different bernanke thinks the u.s is different because he saved Japan on the back of the us hot money the correlations don't lie.

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