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Nikkei Surges As BOJ Injects Another ¥3.5 Trillion: Just Add It To The Existing ¥23 Trillion Plunge Protection Tab

Tyler Durden's picture


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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Tue, 03/15/2011 - 20:43 | 1058101 alien-IQ
alien-IQ's picture

Insanity reigns supreme. All hail the ponzi.

Tue, 03/15/2011 - 20:42 | 1058107 Boilermaker
Boilermaker's picture

It's so fucking surreal that I'm literally laughing my ass off.  What a fucking flea circus of biblical proportions.

Tue, 03/15/2011 - 21:21 | 1058348 Sam Clemons
Sam Clemons's picture

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?

Tue, 03/15/2011 - 21:44 | 1058459 dlmaniac
dlmaniac's picture

From sea water tsunami to FIAT tsunami. What's next, radiation tsunami? This stuff is intense!!

Tue, 03/15/2011 - 22:06 | 1058503 Spalding_Smailes
Spalding_Smailes's picture

• 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 -

Tue, 03/15/2011 - 21:50 | 1058493 scythian empire
scythian empire's picture

What is the point of banks heding equity market risk, when there is no such thing as equity market risk? 


Tue, 03/15/2011 - 22:10 | 1058585 Sam Clemons
Sam Clemons's picture

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

Tue, 03/15/2011 - 22:24 | 1058672 dark pools of soros
dark pools of soros's picture

keeps 'em off the streets and from reading ZH

Wed, 03/16/2011 - 04:15 | 1059707 What does it al...
What does it all mean's picture

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...

Tue, 03/15/2011 - 21:27 | 1058382 CheapKUNGFU
CheapKUNGFU's picture

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

Tue, 03/15/2011 - 21:57 | 1058518 Worker Bee
Worker Bee's picture


Tue, 03/15/2011 - 22:45 | 1058777 VyseLegendaire
VyseLegendaire's picture

+1 this is actually funny. 

Wed, 03/16/2011 - 10:01 | 1060323 Zero Govt
Zero Govt's picture

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 . . . 

Tue, 03/15/2011 - 20:45 | 1058133 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

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.

Tue, 03/15/2011 - 20:47 | 1058142 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

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....

Tue, 03/15/2011 - 22:47 | 1058790 VyseLegendaire
VyseLegendaire's picture

Haha! That is poetic! ZH is on a roll tonite. 

Tue, 03/15/2011 - 21:22 | 1058350 Mr. Mandelbrot
Mr. Mandelbrot's picture

BOJ with another "extra bigass" infusion . . .

Tue, 03/15/2011 - 21:54 | 1058507 alien-IQ
alien-IQ's picture

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.

Tue, 03/15/2011 - 21:32 | 1058409 pods
pods's picture

LMAO, I tried to watch the video of the semi-obese SG and there is a McDonald's ad before it!  

Oh the irony.


Tue, 03/15/2011 - 20:51 | 1058165 Cognitive Dissonance
Cognitive Dissonance's picture

Or as Bonzai7 says in his latest post "All Hail the Quantitative Easer".

Tue, 03/15/2011 - 21:04 | 1058221 alien-IQ
alien-IQ's picture

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 if nothing ever happened.

Earthquake? Tsunami? Radiation Leak? Nuclear Plants blowing up? Nope. Never heard of it. BTFD and FTW.

Tue, 03/15/2011 - 21:16 | 1058309 Cognitive Dissonance
Cognitive Dissonance's picture

Gold trying to break back above $1,400, but keeps getting slapped in the face. Sooner or later, of this I am certain.

Tue, 03/15/2011 - 22:00 | 1058531 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

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....

Tue, 03/15/2011 - 22:14 | 1058610 william the bastard
william the bastard's picture

Gold is down $35. Don't you need more Jim Beam?

Tue, 03/15/2011 - 22:13 | 1058612 william the bastard
william the bastard's picture

Gold is down $35. Don't you need more Jim Beam?

Tue, 03/15/2011 - 22:19 | 1058643 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

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.

Tue, 03/15/2011 - 22:22 | 1058650 william the bastard
william the bastard's picture

You're a hoot!

Tue, 03/15/2011 - 23:03 | 1058895 RockyRacoon
RockyRacoon's picture

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.

Wed, 03/16/2011 - 04:38 | 1059731 Cognitive Dissonance
Cognitive Dissonance's picture

My kind of guy.

Among the 75 exhibits presented by the prosecution were Liberty Dollars, a T-shirt screened "U.S. Mint can bite me!" and production items confiscated from the privately owned Sunshine Mint in Idaho, where Liberty Dollars were produced under contract.

Tue, 03/15/2011 - 21:08 | 1058234 Michael
Michael's picture

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 Goethe
Tue, 03/15/2011 - 21:33 | 1058416 pods
pods's picture

Great 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>"




Tue, 03/15/2011 - 22:13 | 1058615 william the bastard
william the bastard's picture

fruit inflation

Tue, 03/15/2011 - 21:40 | 1058442 TruthInSunshine
TruthInSunshine's picture
Panicked residents start to flee Tokyo as radiation levels rise after THIRD blast at stricken nuclear power plant
  • Radiation leaking directly into the air from stricken Fukushima nuclear plant
  • Power station has now suffered three reactor explosions and one fire
  • One reactor core 'exposed to the atmosphere' through crack in containment wall
  • Radiation levels up to ten times higher than normal in Tokyo
  • Mass exodus

Tue, 03/15/2011 - 20:42 | 1058102 Boilermaker
Boilermaker's picture

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.

Tue, 03/15/2011 - 20:44 | 1058114 Ray1968
Ray1968's picture

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.

Tue, 03/15/2011 - 20:45 | 1058130 Boilermaker
Boilermaker's picture

Golly, ya think?

Tue, 03/15/2011 - 20:48 | 1058145 Ray1968
Ray1968's picture

Silver and gold had a mighty nice sale today. Wish I didn't blow my wad 2 weeks ago on silver.

Tue, 03/15/2011 - 20:51 | 1058155 Boilermaker
Boilermaker's picture

Don't worry, they'll cornhole you on that also.  They'll just confiscate the stuff.

Tue, 03/15/2011 - 20:57 | 1058205 Ray1968
Ray1968's picture

They have to get past my Dirty Harry .44 Blow-yer-head-clean-off magnum first.

Tue, 03/15/2011 - 21:00 | 1058210 Lets_Eat_Ben
Lets_Eat_Ben's picture

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?

Tue, 03/15/2011 - 21:09 | 1058271 Boilermaker
Boilermaker's picture

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.

Tue, 03/15/2011 - 21:32 | 1058413 tmosley
tmosley's picture

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.

Tue, 03/15/2011 - 21:45 | 1058463 AUD
AUD's picture

remonetize gold and seize it from the banks after the sheeple deposit their gold and silver there.

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.


Tue, 03/15/2011 - 21:59 | 1058526 william the bastard
william the bastard's picture

Idiot. SSDD.

Tue, 03/15/2011 - 22:05 | 1058554 tmosley
tmosley's picture

Talking about yourself again?  This is what makes your mother hate you.

Tue, 03/15/2011 - 22:16 | 1058619 william the bastard
william the bastard's picture

I'm fist fucking your mom's asshole and it's like a glass of water. What TF?

Tue, 03/15/2011 - 22:26 | 1058676 tmosley
tmosley's picture

No you're not, I can hear you masturbating to the sound of your mother getting gang banged.


Tue, 03/15/2011 - 22:29 | 1058698 william the bastard
william the bastard's picture

you are afuck bag fagg

Tue, 03/15/2011 - 23:16 | 1058974 tmosley
tmosley's picture

Look at you, you sloppy bitch, you can't even type.

What, did the boys get bored with Mommy and come into your room?

Tue, 03/15/2011 - 23:21 | 1059000 baby_BLYTHE
baby_BLYTHE's picture

^^^^^ x1000000009999999999

Lov ya, tmosley!

Best response all day

Tue, 03/15/2011 - 22:27 | 1058688 SilverRhino
SilverRhino's picture

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.

Tue, 03/15/2011 - 20:42 | 1058105 Orly
Orly's picture

Am I the only one who thinks this doesn't bode well for the Japanese yen?

Tue, 03/15/2011 - 20:45 | 1058113 Boilermaker
Boilermaker's picture

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.

Tue, 03/15/2011 - 20:51 | 1058157 alien-IQ
alien-IQ's picture

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?"

Tue, 03/15/2011 - 20:53 | 1058172 Ferg .
Ferg .'s picture

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 .

Tue, 03/15/2011 - 21:01 | 1058223 Orly
Orly's picture

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!


Tue, 03/15/2011 - 21:22 | 1058332 mynhair
mynhair's picture


(I gave up Fx for Lent.)

(Might have been Arbor Day, cuz I have no idea what Lent is.)

Tue, 03/15/2011 - 21:20 | 1058343 Cognitive Dissonance
Cognitive Dissonance's picture

Personally I no longer play golf in lightening storms, but to each their own. :>)

Tue, 03/15/2011 - 21:41 | 1058456 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

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!

Tue, 03/15/2011 - 22:01 | 1058534 william the bastard
william the bastard's picture

You'll find it much easier to smoke crack if you use a pipe. ...Hic....hic....

Tue, 03/15/2011 - 22:05 | 1058561 tmosley
tmosley's picture

You'd know all about that, wouldn't you?

Tue, 03/15/2011 - 22:17 | 1058629 william the bastard
william the bastard's picture

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!!!

Tue, 03/15/2011 - 22:26 | 1058685 tmosley
tmosley's picture

lol, what's an orrifice?

Fucking retard.

Tue, 03/15/2011 - 22:30 | 1058712 william the bastard
william the bastard's picture

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!!!

Tue, 03/15/2011 - 23:17 | 1058986 tmosley
tmosley's picture

lol, how does I plural?

Honestly, I can't believe how stupid you are.

Tue, 03/15/2011 - 21:29 | 1058383 Ferg .
Ferg .'s picture

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 !

Tue, 03/15/2011 - 22:02 | 1058546 Orly
Orly's picture

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.


Wed, 03/16/2011 - 07:12 | 1059829 Yen Cross
Yen Cross's picture

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.

Tue, 03/15/2011 - 20:59 | 1058204 AUD
AUD's picture

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.

Tue, 03/15/2011 - 21:05 | 1058245 Confucious 222
Confucious 222's picture

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. 

Tue, 03/15/2011 - 21:32 | 1058402 CheapKUNGFU
CheapKUNGFU's picture

Orly, from a simple fundemental FX perspective you are correct...

Better yet, in the REAL WORLD you are correct but we have entered the


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!

Tue, 03/15/2011 - 22:32 | 1058714 Orly
Orly's picture

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.

Tue, 03/15/2011 - 21:53 | 1058502 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Dollar/Yen swap line should keep everything 'liquid'.

Tue, 03/15/2011 - 22:01 | 1058538 william the bastard
william the bastard's picture


Tue, 03/15/2011 - 22:23 | 1058660 RoRoTrader
RoRoTrader's picture

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.

Tue, 03/15/2011 - 22:32 | 1058724 Orly
Orly's picture

Hang in there, Ro.  They can't keep it up forever!  Something's gotta give.

Wed, 03/16/2011 - 07:28 | 1059845 Yen Cross
Yen Cross's picture

Orly you actually trade your account. I'm impressed.

Tue, 03/15/2011 - 20:45 | 1058115 equity_momo
equity_momo's picture

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.

Tue, 03/15/2011 - 20:47 | 1058137 Boilermaker
Boilermaker's picture

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.

Tue, 03/15/2011 - 20:49 | 1058153 Orly
Orly's picture

In the immortal words of the late, great Billy Mays, "But wait!  There's more!"

Tue, 03/15/2011 - 21:19 | 1058268 Yen Cross
Yen Cross's picture

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.

Tue, 03/15/2011 - 21:25 | 1058362 mynhair
mynhair's picture

Does this mean I should not be in BAT?

Tue, 03/15/2011 - 21:37 | 1058436 Yen Cross
Yen Cross's picture

Can I stick my finger into your vent to define your true sex? Then I'll answer your question!

Tue, 03/15/2011 - 22:18 | 1058632 william the bastard
william the bastard's picture

Are you tmoseley?

Tue, 03/15/2011 - 22:27 | 1058694 tmosley
tmosley's picture

Who's tmoseley?  Your abortionist?

Tue, 03/15/2011 - 22:31 | 1058717 william the bastard
william the bastard's picture

You're a baby killer.Yes you are.

Tue, 03/15/2011 - 23:20 | 1058996 tmosley
tmosley's picture

Christ, can you even make a single post without a grammatical error?

Hurr, UR some1 UR not, DURRR...

Tue, 03/15/2011 - 20:44 | 1058116 Atomizer
Atomizer's picture

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

As President, I have made it clear that the United States will do our part.  My national security strategy recognizes development not only as a moral imperative, but a strategic and economic imperative.  Secretary of State Clinton is leading a review to strengthen and better coordinate our diplomacy and our development efforts.  We’ve reengaged with multilateral development institutions.  And we are rebuilding the United States Agency for International Development as the world’s premier development agency.  In short, we’re making sure that the United States will be a global leader in international development in the 21st century.

Barack Obama on Welfare & Poverty - Timeline 

The Special high-level meeting of ECOSOC with the Bretton Woods institutions, the World Trade Organization and the United Nations Conference on Trade and Development commenced at the United Nations Headquarters on 10 March. The two day meeting focused on the overall theme of “Coherence, coordination and cooperation on Financing for Development”.

At the opening, Mr. Lazarous Kapambwe, President of the Economic and Social Council (ECOSOC) urged the international community to “maintain its financial support for development efforts of Least Developed Countries (LDCs), including in the areas of development finance, aid for trade and debt relief.” Most LDCs are not on track to meet most of the MDG goals. LDCs have a higher level of vulnerability which constrains their capacity to mobilize domestic resources and absorb external shocks. Their limited access to private capital makes ODA the most vital source of development finance to achieve the MDGs and other development goals. It is important to note that LDCs are represented by 48 countries, comprising 11 per cent of the world population, but only 1% of the global trade.


Ban orders 3 percent cut in UN budget  

UNITED NATIONS, March 9 (Xinhua) -- UN Secretary-General Ban Ki-moon "has instructed senior managers to prepare a budget with a 3 percent reduction as compared with the previous budget," UN spokesman Martin Nesirky said here Wednesday.The reduction would save 5.4 billion U.S. dollars, the spokesman told reporters here at a daily news briefing.The secretary-general has stressed to his senior advisors that they should be creative in seeing where they can find savings, he said.Ban told senior managers that "We must be realistic about the current economic climate. Even the wealthiest nations are tightening their belts and cutting budgets. The United Nations must be no less disciplined. We cannot go about business as usual, " Nesirky said.The final UN budget has to be approved by the 192-member UN General Assembly. "The secretary-general added that it will be up to member states to discuss and decide on the ultimate budget to be adopted, " Nesirky said. "He also encourages all UN entities and UN Member States to find ways to do more with less."

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!

Tue, 03/15/2011 - 21:26 | 1058367 mynhair
mynhair's picture

What part of Shillary did you miss in the beginning of your post?  Like she counts.

Tue, 03/15/2011 - 22:22 | 1058658 Orly
Orly's picture

Oh, she's knee-deep in the hoopla.  Believe.

Tue, 03/15/2011 - 20:46 | 1058119 FunkyMonkeyBoy
FunkyMonkeyBoy's picture

Can these things be legally called markets anymore?

Ah, who gives a f**k.

Tue, 03/15/2011 - 20:47 | 1058144 Boilermaker
Boilermaker's picture

You seem suspicious.

Tue, 03/15/2011 - 20:57 | 1058197 John McCloy
John McCloy's picture

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.

Tue, 03/15/2011 - 21:24 | 1058357 Boilermaker
Boilermaker's picture

I'm sure that money was better spent propping up common equities than spent on the millions of homeless, radiated, and helpless citizens.

Tue, 03/15/2011 - 21:28 | 1058375 mynhair
mynhair's picture

Ask Madoff.  He did well, until he didn't.

Tue, 03/15/2011 - 21:53 | 1058505 Yen Cross
Yen Cross's picture

A rotting corpse in prison catches your Fancy? Move on.

Tue, 03/15/2011 - 20:46 | 1058120 BetTheHouse
BetTheHouse's picture

And U.S. futures going green, too. 

Tue, 03/15/2011 - 21:49 | 1058488 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Dollar/Yen swap must be open, and Shirakawa is spending his funbuxx on Russian ETFs; that'll save the Japanese economy, eh Shirakawa?

Tue, 03/15/2011 - 22:03 | 1058545 william the bastard
william the bastard's picture

you need sleep, rest, abstinence.

Tue, 03/15/2011 - 22:21 | 1058654 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Get a life.

Tue, 03/15/2011 - 22:24 | 1058669 william the bastard
william the bastard's picture

For you, get whiskey.

Tue, 03/15/2011 - 20:47 | 1058136 gimli
gimli's picture

In Japan --- lyrics for this song are:

I'm turning Bernankese, oh yes I'm turning Bernankese

Tue, 03/15/2011 - 20:50 | 1058160 Orly
Orly's picture

Ya really think so?

Tue, 03/15/2011 - 20:54 | 1058181 gimli
gimli's picture

Yeah --- I really think so .........

Tue, 03/15/2011 - 21:16 | 1058301 gimli
gimli's picture

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
I think I'm turning
I really think so
I'm turning
I think I'm turning
I really think so
I think I'm turning
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
I really think so
I think I'm turning
I really think so
I'm turning
I think I'm turning
I really think so
I think I'm turning
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
I think I'm turning Bernankese
I really think so
I'm turning
I think I'm turning Bernankese
I really think so
I think I'm turning Bernankese
I really think so

Turning Bernankese
I think I'm turning Bernankese
I really think so
I think I'm turning Bernankese
I really think so
I think I'm turning Bernankese
I really think so
(think so think so think so)
I think I'm turning Bernankese
I really think so

Tue, 03/15/2011 - 21:20 | 1058323 Spastica Rex
Spastica Rex's picture

Those lyrics are giving me the vapors.

Tue, 03/15/2011 - 22:08 | 1058572 william the bastard
william the bastard's picture

Youe ass is dialated to 12 inches laterally, be forewarned

Tue, 03/15/2011 - 21:21 | 1058346 Orly
Orly's picture



Tue, 03/15/2011 - 20:46 | 1058138 lizzy36
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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.

Tue, 03/15/2011 - 20:49 | 1058150 Boilermaker
Boilermaker's picture

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.

Tue, 03/15/2011 - 20:52 | 1058177 Alienated Serf
Alienated Serf's picture

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?


Tue, 03/15/2011 - 20:56 | 1058193 tmosley
tmosley's picture

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.

Tue, 03/15/2011 - 21:03 | 1058228 william the bastard
william the bastard's picture

You dare show your fuck face into a $34 GOLD ROUT?

Tue, 03/15/2011 - 21:12 | 1058281 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

your mother was a hamster and your father smells of elderberries

Tue, 03/15/2011 - 21:18 | 1058316 tmosley
tmosley's picture

Once again, you show how dim witted you are.  Your attention span is shorter than a gnat, and they only live for 24 hours!

Tue, 03/15/2011 - 21:20 | 1058336 Spastica Rex
Spastica Rex's picture

And go away, or we will taunt you a second time.

Tue, 03/15/2011 - 21:08 | 1058260 Alienated Serf
Alienated Serf's picture

so they can litterally buy the entire market?  awesome.  and when they sell??

Tue, 03/15/2011 - 21:12 | 1058279 Boilermaker
Boilermaker's picture

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.

Tue, 03/15/2011 - 21:15 | 1058296 Alienated Serf
Alienated Serf's picture

guess they will just be sole owner of every corp. listed on the nikkei.  nice.  they are fucked regardless.  

Tue, 03/15/2011 - 21:18 | 1058320 Boilermaker
Boilermaker's picture

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.

Tue, 03/15/2011 - 21:56 | 1058514 Alienated Serf
Alienated Serf's picture

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.

Tue, 03/15/2011 - 22:53 | 1058823 VyseLegendaire
VyseLegendaire's picture

::shits his huggies::

Tue, 03/15/2011 - 21:19 | 1058333 tmosley
tmosley's picture

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.

Tue, 03/15/2011 - 22:09 | 1058584 william the bastard
william the bastard's picture

Why is your moms pussy 12 inches wide?

Tue, 03/15/2011 - 23:21 | 1059009 tmosley
tmosley's picture

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.

Tue, 03/15/2011 - 21:20 | 1058339 Seasmoke
Seasmoke's picture

Henry Winkler still has not recovered his career from that move

Tue, 03/15/2011 - 21:25 | 1058365 Boilermaker
Boilermaker's picture

That may well be...but the man DID successfully jump a fucking shark!

Tue, 03/15/2011 - 21:31 | 1058406 nonclaim
nonclaim's picture

Who said they have to sell?

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]

Tue, 03/15/2011 - 21:26 | 1058376 Cammy Le Flage
Cammy Le Flage's picture

I give this shit one day. You are too nice.

Tue, 03/15/2011 - 21:41 | 1058454 brxn
brxn's picture

One day until what? A downtrend is resumed? Until the central bank injects more? 

Tue, 03/15/2011 - 21:44 | 1058462 Boilermaker
Boilermaker's picture

Exactly, we are past the 'event horizon' now.  It's a self feeding monster.

Tue, 03/15/2011 - 20:58 | 1058200 Boilermaker
Boilermaker's picture

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!


Tue, 03/15/2011 - 21:04 | 1058229 John McCloy
John McCloy's picture

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.

Tue, 03/15/2011 - 21:58 | 1058519 Yen Cross
Yen Cross's picture

ABOUT 50X1 does it According to the CFTC!

Tue, 03/15/2011 - 21:28 | 1058370 Pegasus Muse
Pegasus Muse's picture

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.

Tue, 03/15/2011 - 20:48 | 1058147 Cognitive Dissonance
Cognitive Dissonance's picture

And so the total involve to prevent the market from plunging a more 1,000 points is now ¥26.5 trillion, or $325 billion.

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.

Beam me up Scotty, the humans aren't emotionally ready yet for the massive change that's coming and I'm sick and tired of arguing with them. Though the female side of the species is quite attractive.

Tue, 03/15/2011 - 20:50 | 1058152 WineSorbet
WineSorbet's picture

How do you say BTFD in Japanese?

Tue, 03/15/2011 - 20:52 | 1058178 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

me love you long time helicopter bernanke-san?

Tue, 03/15/2011 - 21:02 | 1058217 william the bastard
william the bastard's picture

I did last nite minus 1200. How I look now Papa?

Tue, 03/15/2011 - 21:13 | 1058295 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

you look like a bastard, just like the bastard who sired you.  just answerin' cause you asked...

Tue, 03/15/2011 - 20:52 | 1058161 John McCloy
John McCloy's picture

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.

Tue, 03/15/2011 - 21:22 | 1058354 PY-129-20
PY-129-20's picture

You think this will appear in the history books then? Think again.

Tue, 03/15/2011 - 20:51 | 1058162 HungrySeagull
HungrySeagull's picture

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.

Tue, 03/15/2011 - 20:52 | 1058164 John Law Lives
John Law Lives's picture

The US House votes for another 3 weeks of "emergency" spending money:

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.

Tue, 03/15/2011 - 20:55 | 1058186 Misean
Misean's picture

Party on Wayne-san.

Tue, 03/15/2011 - 20:55 | 1058190 Theta_Burn
Theta_Burn's picture

Is that text $10 donation # still floating around?...

Tue, 03/15/2011 - 20:56 | 1058194 Buck Johnson
Buck Johnson's picture

Just wait when the news comes out that the reactors are in total meltdown and no amount of money will keep the exchange up.

Tue, 03/15/2011 - 21:07 | 1058251 jtmo3
jtmo3's picture

Bull shit.

Tue, 03/15/2011 - 21:00 | 1058209 Racer
Racer's picture

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

Tue, 03/15/2011 - 21:00 | 1058211 william the bastard
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Do NOT follow this link or you will be banned from the site!