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Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab
It's another day for the BOJ, which more than anything is hell bent on preventing a rerun of last night's tumble in the futures to a 7 handle. The solution: add another several trillion into money markets. Following Monday's ¥15 trillion plunge protection deposit, and yesterday's ¥8 trillion, just announced was the first tranche for tonight, which amounted to ¥3.5 trillion. And so the total involve to prevent the market from plunging a more 1,000 points is now ¥26.5 trillion, or $325 billion.
From DJ:
The Bank of Japan on Wednesday pumped another 3.5 trillion yen ($43.3 bln) into the financial system, adding to the trillions spent Monday and Tuesday to soothe shaken markets
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Insanity reigns supreme. All hail the ponzi.
It's so fucking surreal that I'm literally laughing my ass off. What a fucking flea circus of biblical proportions.
The most amazing thing is that all this stuff is slowly going to erode confidence in the entire monetary system the more and more they have to do it. Talk about trading the future for the present.
Why does anyone work when some entity can just helo-drop more than any large group of individuals will ever make without doing a damn thing?
From sea water tsunami to FIAT tsunami. What's next, radiation tsunami? This stuff is intense!!
• Red Alert • #3 MOX •
Kyodo: Smoke rising from Fukushima's No. 3 reactor: nuclear safety agency 1 minute ago via TweetDeck
Smoke / steam billowing out of reactor .... Live press conference coming up ....
Live feed -
www.ustwrap.info
What is the point of banks heding equity market risk, when there is no such thing as equity market risk?
You're right.
They disable market risk by taking more risk on themselves. Ironic.
"Panics do not destroy capital; they merely reveal the extent to which it has been previously destroyed by its betrayal into hopelessly unproductive works".
-- John Stuart Mill
keeps 'em off the streets and from reading ZH
Why would any one "donate" to Japan, when they can just print or raise debt to pay for the whole thing themselves?
At least the BofJ needs to disclose how much and what they are doing with the money. The Fed? Nothing and no audits...
Hahah, 'a flea circus of biblical proportions' - a coffee out my nose moment!
Boiler, you funny
All your fleas are belong to us, make your time... heh
Idiocracy
+1 this is actually funny.
this 'tab' the clowns (Jap Govt and BoJ) is running up is collosal ...but it does represent a great wealth transfer to investors happy to take the money and 'Exit Stage Right'
Dead cat bounce in place, now back to falling down the flight of stairs . . .
http://www.nbcbayarea.com/news/local/Surgeon-General-Buying-Iodine-Appro...
another day, another clown. if you haven't seen the movie "idiocracy" then you should. It's the missing link between today and Soylent Green.
oh and if you want to know more about the symbiotic relationship termed diabesity, just look at our surgeon general's fat, block head, face. She the pied piper of the twinky brick road....
Haha! That is poetic! ZH is on a roll tonite.
BOJ with another "extra bigass" infusion . . .
and all for naught since the /NKD is now down about 100 points.
you'd think they could find better uses for the money than to prop up the financial markets? after all..they do have a country in need of a few repairs and it's not like the stock market is going to "pitch in" to help.
LMAO, I tried to watch the video of the semi-obese SG and there is a McDonald's ad before it!
Oh the irony.
pods
Or as Bonzai7 says in his latest post "All Hail the Quantitative Easer".
http://www.zerohedge.com/article/beware-ides-farce
the /ES is testing the days highs again now. If it breaks above 1285 expect it to go full retard and we'll open tomorrow at or above 1300...as if nothing ever happened.
Earthquake? Tsunami? Radiation Leak? Nuclear Plants blowing up? Nope. Never heard of it. BTFD and FTW.
Gold trying to break back above $1,400, but keeps getting slapped in the face. Sooner or later, of this I am certain.
The leverage the bankers are using to free up all of this cash must be coming from 'gold' reserves. The global finance system must have gold on loan at at least one hundred to one by now. If there was ever a time for a squeeze....
Gold is down $35. Don't you need more Jim Beam?
Gold is down $35. Don't you need more Jim Beam?
I had gold retesting support today, and it broke a little south of it. No need to worry about gold. It is always what it is.
You're a hoot!
Might be interesting to follow this trial for a crystal ball view of the status of holding gold:
CoinWorld provides coverage of the trial of Bernard von NotHaus, creator of the Liberty Dollar.
My kind of guy.
After the worlds central banksters finish buying up all the assets on the planet, what happens next?
"None are more hopelessly enslaved than those who falsely believe they are free."
Johann Wolfgang von GoetheGreat quote Michael, I use it all the time.
One of my other favorites:
"But again, truth be told, if you are looking for the guilty, you need only look into a mirror>"
-V-
pods
fruit inflation
http://www.dailymail.co.uk/news/article-1366308/Japan-earthquake-tsunami...
LMFAO, the gloves are off.
Let's LITERALLY make a fucking COMPLETE MOCKERY of the equities markets.
What the fuck...just DECLARE the fucking markets where they want it.
Our market was a joke today. The talking-head Bozos can't get it straight. They keep talking about fundamentals and recovery... BULLSHIT. Its all about printing money. Period. End of story.
Golly, ya think?
Silver and gold had a mighty nice sale today. Wish I didn't blow my wad 2 weeks ago on silver.
Don't worry, they'll cornhole you on that also. They'll just confiscate the stuff.
They have to get past my Dirty Harry .44 Blow-yer-head-clean-off magnum first.
sorry officer I just recently sold my gold and silver on CL. Why no, i don't have a receipt. I just traded money (Au,Ag) for "money" (truck-load of FRNs). No different than making change of $100k bill...right?
I see, Sir, now if you'll just step outside while we ransack your place, we'll be out of here in no time.
We haven't seen shit, yet. This will be blow-your-fucking-mind bad.
Any attempt to do door to door searches for any form of contraband, especially something as harmless as gold or silver, will result in nothing but a bloodbath. It's not really worth it.
Easier to just remonetize gold and seize it from the banks after the sheeple deposit their gold and silver there.
I don't think they are going to last long enough. This IS the endgame.
Yes, that is exactly what happened here in Australia in 1931 or '32. There was no grand edict requiring citizens to hand in their gold under penalty, the goverment just turned all bank deposits denominated in gold into deposits denominated in Pounds.
Idiot. SSDD.
Talking about yourself again? This is what makes your mother hate you.
I'm fist fucking your mom's asshole and it's like a glass of water. What TF?
No you're not, I can hear you masturbating to the sound of your mother getting gang banged.
Virgin.
you are afuck bag fagg
Look at you, you sloppy bitch, you can't even type.
What, did the boys get bored with Mommy and come into your room?
^^^^^ x1000000009999999999
Lov ya, tmosley!
Best response all day
If they are going to rob you of your gold and silver under color of law they intend to kill you (no wealth = no food).
Shoot first, shoot some more and keep shooting. Maybe ask a question or two about 5 minutes later.
Am I the only one who thinks this doesn't bode well for the Japanese yen?
LOL, who gives a shit? What the fuck is a Japanese Yen anyway? Jesus Christ, you still think this is even remotely legit? This is a fucking cartoon at this point.
In the global race to the currency bottom...the JPY is still running a distant second to the USD. It feels like a TV show: "Who Want's to Be the Next Zimbabwe?"
Against the USD I think it has one final terminal thrust . The triangle has broken to the downside and now it's a battle between the BOJ and the stop hunters for that all important 80 handle .
Don't know if you're trading any of the Yen crosses at the moment Orly but watch those rollovers , they look vicious .
I have been in and out and up and down the USDJPY all day long. I think this time it gets long to the Fibo at ~82.617. I have my robot pointing long at it. Hope I don't get burned trying to get some sleep later.
The real pair I am watching very closely is the AUDUSD. There's no way that the yen can get boomeranged (yes, pun intended...) like this and have no effect on the Ozzie dollar.
I think the tell is going to be the declining trendline in the EURUSD. When the Euro reaches up to that level, perhaps in the overnight tonight, I think it will be all over for the Ozzie in terms of USD.
Then, I am going to take a chance and get really, really short the AUDUSD pair.
Wish me luck!
:D
Luck!
(I gave up Fx for Lent.)
(Might have been Arbor Day, cuz I have no idea what Lent is.)
Personally I no longer play golf in lightening storms, but to each their own. :>)
While swinging a tool above my head on a fireline, lightening took out an old growth about one hundred yards up hill. My squad boss yelled, "Keep digging!" I looked at my buddy who had been working fires for years with a 'What the fuck do we do?' expression. "Fuck that shit," he said as he threw his tool on the ground. I followed suite. You will not find me working while lightening is striking close by. No sir!
You'll find it much easier to smoke crack if you use a pipe. ...Hic....hic....
You'd know all about that, wouldn't you?
I know every orrifice on your mom is dialated to foot sized dimensions! LOL LOL HAHAHA
YOU'D SUCK but your mouth is too BIG!!!
lol, what's an orrifice?
Fucking retard.
Try big giant holes in your moms fuck places:
I know every orifices on your mom is dilated to foot sized dimensions! LOL LOL HAHAHA
YOU'D SUCK but your mouth is too BIG!!!
lol, how does I plural?
Honestly, I can't believe how stupid you are.
USD/JPY is an intraday trader's dream right now , glad you're racking in the pips !
I was literally ashen faced when I woke up this morning and looked at my screen . I'd been short from 1.0100 and cut out at breakeven because of USD exposure elsewhere and missed that majestic wave . I shoulda been riding that sucker right down ! Oh well , I'll take a look at it again if it gets close to parity or breaks 0.9800 .
Speaking of Euro trendlines have a glance at a weekly chart of EUR/GBP . Coming up to the roof of a solid trendline off the 08 highs . Might be taking a position there tomorrow .
Hope you catch the mighty AUD bear if this is indeed it !
I avoid the GBP like the plague. You are probably aware that I think the BoE failed back in the day and all of these shenanigans have been created by central banks the world over to prop it up in an effort to re-inflate the currency.
Having said that, my indicators are telling me that the EURGBP has a bit of a run left in it. Looking at the weekly chart, the pair has not quite reached the upper Bollinger Band (28/2) and the trendline you mention crosses that point at the level of about 0.87898.
If I were to trade it, I think I would wait until the pair reaches the 0.8774 level before selling short. It looks like that level will coincide with the EURUSD touch of the trendline, so that may also be a tell for you to enter. That's only about 78-pips or so (on the EURGBP pair...). You may have to take some drawdowns, so fold in your trade with small lot sizes from that point.
Be patient and it may pay off well for you.
:D
Orly I repect you. Are you a Woman? I'm going Clint Eastwood on you. It makes a difference. NOW I GOT to Protect you.
You wouldn't know it looking at the exchange rates. What I can say with certainty though is that despite yesterday's 'stock panic' there has been no stress or strain in money markets here in Australia whatsoever.
Open market operations by the RBA didn't move an inch from their tightfisted (relative to pre '08) repo's in both price & duration. Government debt & bank bill yields took a sharp downturn but seems almost as if the bond speculators were expecting an emergency RBA rate cut or something.
ASX well up this morning, the bond speculators might get burnt.
The Japanese are doing a great job of maintaining the price. Don't you want Price on Earth and Goodwill to Men? Baroke O'Bummer does... he won the Nobel Price Prize. Maybe Benny and the Inkjets will get it this year? They should.
Orly, from a simple fundemental FX perspective you are correct...
Better yet, in the REAL WORLD you are correct but we have entered the
SURREAL WORLD.
I think it will take a few weeks to mature, but yeah I would look to be a buyer of the UJ soon...
All your YEN are belong to us, make your time!
I know but something tells me that something somewhere is going to break some time soon...perhaps within this week. There are too many confluences going on for it all to not be real.
Dollar/Yen swap line should keep everything 'liquid'.
WTF?
Wondering the same thing myself, Orly.....was burned on the USD/JPY long Friday at just >82.00 and stupidly exited at just over 81.....
did make up for it on several IBEX shorts from around 10,400/500 and a slew of shorts put on last night from AUD/USD, EUR/USD, EUR/CHF, EUR/JPY, GBP/USD and miniDows.
Most of it was closed just after the European open and am currently flat.
I wrote an email to a friend saying I thought the central banks would throw everything at this today to stem a collapse and should have followed my own advice but 20/20 in hindsight. The key on that reverse trade long was the Nikki breakers.
Back to your question; I am wondering too. There is a positive divergence on the monthly RSI and stochs are O/S into the 10s with a range of 80 to 84.
Maybe a long at current price with a stop under the range low, but short answer is don't know and keep wondering when the Yen will get dumped in size.
Hang in there, Ro. They can't keep it up forever! Something's gotta give.
Orly you actually trade your account. I'm impressed.
The World will burn in fiat. If the species survives WW3 that this is inevitably leading to , the textbooks might paint this as sanity. Independent critical thinkers and scholars will know better but the victor writes history.
Fiat must fail.
It's so fucking gay at this point that it has to be almost over.
Jesus Christ, I've seen it all. Seriously, I have literally seen everything.
In the immortal words of the late, great Billy Mays, "But wait! There's more!"
Billy Mays Ghost? I have a small story. Once upon a time there was this small broker that corked my BAT. I lost 20 dollars with a (k) behind it. Willy could swing well, and hard! It was just out of (Willy Mays) reach.
Does this mean I should not be in BAT?
Can I stick my finger into your vent to define your true sex? Then I'll answer your question!
Are you tmoseley?
Who's tmoseley? Your abortionist?
You're a baby killer.Yes you are.
Christ, can you even make a single post without a grammatical error?
Hurr, UR some1 UR not, DURRR...
When there's an action, a reaction occurs. Everyone has been focused on Japan. Meanwhile Hillary is in Libya.
22 September 2010
Obama’s Remarks at Millennium Development Goals Summit
Barack Obama on Welfare & Poverty - Timeline
http://www.un.org/en/development/desa/rss.xml
Ban orders 3 percent cut in UN budget
Now we sit back to watch NGO's create money out of thin air.. At this point, the Ponzi scheme is very, very fragile. Snickers!
What part of Shillary did you miss in the beginning of your post? Like she counts.
Oh, she's knee-deep in the hoopla. Believe.
Can these things be legally called markets anymore?
Ah, who gives a f**k.
You seem suspicious.
Incredible how courageous they all are withother peoples money when their nest egg is well preserved and nothing remains to be lost personally.
I mean with 250% GDP now up from 200% in a week in sure they wouldn't sell their treasuries..I mean cmon..we had to have a video soundbite today with Tim telling is so.
I'm sure that money was better spent propping up common equities than spent on the millions of homeless, radiated, and helpless citizens.
Ask Madoff. He did well, until he didn't.
A rotting corpse in prison catches your Fancy? Move on.
And U.S. futures going green, too.
Dollar/Yen swap must be open, and Shirakawa is spending his funbuxx on Russian ETFs; that'll save the Japanese economy, eh Shirakawa?
you need sleep, rest, abstinence.
Get a life.
For you, get whiskey.
In Japan --- lyrics for this song are:
I'm turning Bernankese, oh yes I'm turning Bernankese
http://www.youtube.com/watch?v=gEmJ-VWPDM4
Ya really think so?
Yeah --- I really think so .........
As sung by Tim Geithner to Ben:
I've got your picture of me and you
You wrote "I love you" I wrote "me too"
I sit there staring and there's nothing else to do
Oh it's in color Your hair is brown
Your eyes are hazel And soft as clouds
I often kiss you when there's no one else around
I've got your picture, I've got your picture
I'd like a million of you all round my cell
I want a doctor to take your picture
So I can look at you from inside as well
You've got me turning up and turning down
And turning in and turning 'round
I'm turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
I'm turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
I've got your picture, I've got your picture
I'd like a million of them all round my cell
I want the doctor to take a picture
So I can look at you from inside as well
You've got me turning up and turning down and turning in and turning 'round
I'm turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
I'm turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
No sex, no drugs, no wine, no women
No fun, no sin, no you, no wonder it's dark
Everyone around me is a total stranger
Everyone avoids me like a cyclone ranger
That's why I'm turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
I'm turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
Turning Bernankese
I think I'm turning Bernankese
I really think so
(think so think so think so)
Turning Bernankese
I think I'm turning Bernankese
I really think so
Those lyrics are giving me the vapors.
Youe ass is dialated to 12 inches laterally, be forewarned
Excellent!
:D
Basically in 72 hours BOJ has spent half the amount that the Fed is spending in 9 months on QE2.
US markets will be up triple digits tomorrow.
The Bernank is taking notes.
DOW will literally open with futures at 300+, guaranteed.
Why the fuck not at this point? What credibility is left to lose? Hell, they might as well have fun with it.
please forgive my ignorance, but how exaclty is the money injected?
they just buy in the open market? do they go through some type of primary dealer ruse?
are any liabilities created from this, or is it pure digital printing?
thx
They passed a new "law" of some sort allowing direct purchase on the open market by the central bank, so yes, it is direct purchase--literal monetization of equities.
I give this shit a week.
You dare show your fuck face into a $34 GOLD ROUT?
your mother was a hamster and your father smells of elderberries
Once again, you show how dim witted you are. Your attention span is shorter than a gnat, and they only live for 24 hours!
And go away, or we will taunt you a second time.
so they can litterally buy the entire market? awesome. and when they sell??
Who said they have to sell? How much of the US market is owned by the FED? Who knows? Who cares?
None of the logic applies because it's literally a fucking joke now. We've jumped the shark WITH the leather jacket on.
guess they will just be sole owner of every corp. listed on the nikkei. nice. they are fucked regardless.
So are we and so is Europe. It's not regional nor ethnic. This is between the super-rich and the 'others'.
Just think they are slamming all this fucking money into the market in Japan while their people need food, water, and medical supplies. Just so the investor class can not shit their huggies. That's some seriously fucked up stuff.
trust me brotherman, i am aware of this. the worlds 3rd largest economy imploding is going to have a lot of consequences. some we can't possibly predict. europe goes down next.
::shits his huggies::
They will sell in a vain attempt to stave off hyperinflation.
Idiots like Billy above can't see that we are entering the endgame here. The curtains are down, and everyone can now see how the tricks are performed.
Japan has a week, at best.
Why is your moms pussy 12 inches wide?
You are confusing your mother with mine again.
Christ, that whore's got two guys with arms up her ass up the the shoulder now. I've never seen such a thing.
Get ready to hate me even more, son, cause I'm about to leave her.
Henry Winkler still has not recovered his career from that move
That may well be...but the man DID successfully jump a fucking shark!
They'll say it belongs to the people now. The companies are now "liberated" from the evil capitalists and speculators. [I'm half-joking here; I'm sure some governments will declare that]
I give this shit one day. You are too nice.
One day until what? A downtrend is resumed? Until the central bank injects more?
Exactly, we are past the 'event horizon' now. It's a self feeding monster.
I believe the BOJ literally buys directly through ETFs and direct common shares. To my knowledge, they make no attempt to even hide it.
Why...are saying that the devastated and scared-shitless Japanese citizens are doing all this buying? They have Scottrade there also, you know! It could be!
300 Billion x leverage.
I cannot understand how the dollar should not be surging on this. Eventually it will. The markets told us today before autopilot took over that the dollar will go up and metals down. I'm not bashing metals I'm just saying the dollar will lose it's last resort status slowly but considering the beatdown today metals held strong. Correlation is braking off as sentiment changes.
ABOUT 50X1 does it According to the CFTC!
BOJ has spent half the amount that the Fed is spending in 9 months on QE2.
And the 1000 point plunge still cost them 2X - 3X what they pumped in.
Chump change to the masters of the universe. Only 9 1/2 more months to bonus time. The little engine that could is still chugging along.
How do you say BTFD in Japanese?
me love you long time helicopter bernanke-san?
I did last nite minus 1200. How I look now Papa?
you look like a bastard, just like the bastard who sired you. just answerin' cause you asked...
Bernanke has taught them well. When the history books are written two centuries from now they will look back at this and ask how such masochistic leaders could replace physical oppression and tyranny with economic tyranny and it take the brain dead majority of the populace multiple world wars, genocide and cascading economic collapses in all nations for them to realize what we endure now is no different but stealthy.
In fact it is more dangerous because the dictators have no face but many faces.
You think this will appear in the history books then? Think again.
All created from Imagination in Binary form by keyboard to soothe the owie from those who keep grabbing red hot burning things.
If they should be so generous with money, the least they can do is whistle up the Baltic Index and move the world to deliver everything gratis and paid for to the Japanese people.
Don't worry about the USA, we can lose a city or three. Still room for more new ones.
It's amazing how they cry poverty and hold emaciated hands out and shit gold and marbles out the other.
The US House votes for another 3 weeks of "emergency" spending money:
http://news.yahoo.com/s/ap/20110315/ap_on_bi_ge/us_spending_showdown#mwp...
It is a real luxury for bureaucrats in Washington DC to have a friend in The Ben Bernank who will subsidize their spending frenzies.
100% Ponzi economy.
100% FUBAR.
Party on Wayne-san.
Is that text $10 donation # still floating around?...
Just wait when the news comes out that the reactors are in total meltdown and no amount of money will keep the exchange up.
Bull shit.
Welcome to Zimbabwe World just got into hyperspace, I just hope that the number of poor dying because of this will be less than 100 million and I see that as a 'good outcome' from this genocidal madness
WTFWYD?