As Korean Bank Run Accelerates, Financial Services Chairman Deposits $17,864 To Demonstrate All Is Well

Tyler Durden's picture

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unwashedmass's picture

 

yeah, i think Bennie Boy can ease off the gas pedal now......i mean with oil over $100, well, i think we'll see that "little inflation" he's been gunning for...

its all good....

its all good peasants....

duo's picture

I wanna know if the ATMs will be working at the airport when I get there next Wednesday.

Bringing a couple of Krugs just in case.

cossack55's picture

Which, of course, begs the question: Who is related to Bang Dea-ho?

Bastiat's picture

Kim Seok-dong (not related to Bang Dae-Ho)

LOL!


Ragnarok's picture

Kim Seok-dong? Seriously, I think the elites are messing with us.

RobotTrader's picture

Might as well start printing won hand over fist.

Everyone is going to start looking at The Ben Bernank as the example of how to bail out a financial system and immediately launch a 100% increase in stock indexes.

lieutenantjohnchard's picture

which is why your market wisdom told you to short oil, gold and silver. and yet we are to believe using your wisdom you were able to make enough money in the market to "retire."

btw: the old scroomer as you call him - gentleman jim sinclair - sends his regards. i think he said he might send you a 1 oz gold eagle for the spanking you gave him for being a gold bull during a money printing regime. said he learned a lot from the old catfish mouth.

 

lieutenantjohnchard's picture

silver $34.12. scroomers of the world: unite!

RobotTrader's picture

Heh, I was never short anything. Like I said, I don't short until the Summation rolls over.

And I got plenty of gold and silver, the most recent stash bought from YOU when you threw in the towel last month along with the other CIGA's who got rolled by the PigMen.

Sorry....

lieutenantjohnchard's picture

hey catfish mouth, speaking only for myself i can assure you that i still have all my silver and gold, which is my only investment. i have a thesis by which i invest. i don't change with the wind.

btw: brief question while i have you on the line:

which infamous zh'er said the following?

1) "No doubt, JPM pocketed billions on its silver shorts, as it always does."

2) jpm doesn't have a short position in silver. it's a myth.

if you said yourself then you are correct. go buy yourself a wind dial so you'll know which way the wind is blowing for your investing thesis of the day.

:

 

dark pools of soros's picture

he sleeps downwind of the bernaks farts

topcallingtroll's picture

so why do you call him catfish mouth?

Fearless Rick's picture

Hey, RT, I'm thinking of going long butt plugs and heard you're an expert. Any ideas? Enemas?

topcallingtroll's picture

rude boy prostate massagers are prefered by 9 out of 10 guys with prostate "problems" who try "internal massage."

Sold at your local sex shop and amazon.com near you!

Butt plugs are so ancient!  Pretty soon they will have robot massagers that will crawl up your ass.

Iam_Silverman's picture

"Pretty soon they will have robot massagers that will crawl up your ass."

Ewwwww, mechanized gerbils.  Yuck.  What would you wash them with?

taraxias's picture

@ RoboTroll

 

I call bullshit.

Whatever credibility you thought you may have had on here just went out the window with your last post.

 

I almost forgot, Alf sends his regards.

 

 

mogul rider's picture

Ok that's not nice

 

say you're sorry

c'mon we are all fuckheads around here and if you can't back a fuckhead bro

well....

 

then we have a problem

 

just saying

disabledvet's picture

perhaps a currency backed by Kia?  i sense "zero percent financing" washing ashore.  Can a "take out" by GM be far behind?

DonutBoy's picture

Well now,  Tuesday should be an interesting day for our central price bureau. Let's see, on the To-Do list we  have:

1) Close Green with oil over $100

2) Mouse-click some money to selected friends to keep XAU under 1400 and XAG under 35

3) Announce new international commitment to Korean banks, because no one defaults ever

I'll bet they're already at work those busy beavers!

Mae Kadoodie's picture

One korean was just quoted as saying, "  I deposit $30 million won and the bank gave me this toaster.  But I cannot afford to buy the bread."

mogul rider's picture

Now that my friend is 'flation'

 

not sure exactly what kind but definitely flation

Yen Cross's picture

 Hey did any one catch that 40 pip spike in usd/jpy just before swaps? Short covering? DXY is holding those high 77's pretty well. DOW cfd's are off 73.45 and SPX CFD's are off 11.36.

topcallingtroll's picture

I think we have seen the low in the dollar for a while.

Cognitive Dissonance's picture

And Gold is off and running in the overnight session. Now at $1,408.80 and counting.

seek's picture

Silver too, both went vertical right at 1800, someone must have been waiting to buy.

Caviar Emptor's picture

The Herbert Hoover moment: classic too little, too late

umop episdn's picture

'Zactly. Didn't some rich dude buy 10,000 shares of US steel during the Crash of '29, which had no discernable effect back then? Won't work this time, either.

YHC-FTSE's picture

If this shows anything, it proves the old adage that the savings bank business model is piss poor (If run honestly). It's a low margin business and like the rest of them can take a cashflow dent in bad times.

I noticed that the S.Koreans like to keep cashier's cheques issued by various banks for rainy days instead of depositing them - they can literally be used anywhere in the country like large denomination cash notes, so a bank run seems a bit odd. 

chump666's picture

There is an analyst from Korea, she predicted this a while back.  Sth Korean banks are underfunded risk engines.

Can't wait for China to go next...there only thing keeping Portugal alive and Spain.

Asia's liquidity crisis is upon us.

chump666's picture

yep watch China suck liquidity out of their system...

Non Passaran's picture

How can there be one when they print all they want? U.S.-style stagflation is much more likely in bubblicious Asian economies.

dick cheneys ghost's picture

bank of america nighmare mortgage story. i dont know have these crooks get away with this shit.

 

http://nakedempire.wordpress.com/

 

 

bankruptcylawyer's picture

kim suck dong? really?

mcguire's picture

tyler et al, i am very proud of you for acknowledging, with the hat-tip to the Marsians, the very real fake-UFO ploy that is about to unfold as TSHTF..  disclosure: long popcorn..

MacHoolahan's picture

Excellent! having patiently held off the deck-chair and fridge of beers for about 26 months I can finally sense panic in the the ranks of the Ponzi inflaters.

 

Got the food, got the fuel, got the gun.

topcallingtroll's picture

If the rest of the world stays scared and jittery it won't hurt the dollar.  Bennie can qe a lot longer  because liquidity preferences will change.

sure gold and silver may benefit more.

chump666's picture

yeah probaly 2-3 mths of bubble s&p and dow...then they sink with the rest

mynhair's picture

WTF are the Marsians?

Is that like klowns from Canadia?

StychoKiller's picture

Marsian is what Martians call themselves, feel more enlightened now? :>D

mogul rider's picture

yo who you calling Klowns

 

Be careful

we own you