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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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I love the smell of free markets burning in the morning.
There's not even enough of a free market left to create a spark.
"free market".
hehehe... good one.
God help us if the Japanese fight fires in the bond market like they fight reactor fires.
Sorry to veer of topic, but something that brought be a cuckle this evening was finding out Charlie Steen made a lot of money then lost it all in uranium mining. BI-WINNING!!
You didn't just "veer off", you drove your sorry ass over a cliff.
Wrong Way Libs Ahead.....
Well maybe the Galactic Federation Space buddies wii step up and save us > the NESARA funding and the Iraqi dinar revalue and then the aliens land like in the movie Battle for LA...How bout those Falcone Funds...and now back to Idol
And we're going to have deflation?? ROFLMAO!
It appears that today's BOJ action is just rolling over amounts expiring, and not adding additinal money - so far, but hey, its only morning in Japan.
The net amount of financing this week is about $150 billion. This does not invalidate any of the comments above, because the BOJ money base was only about $1000 billion at the start of March. So there is about 15% more money in Japan than two weeks ago.
I am sure Goldman Sucks has profited enormously from those wild moves.
Goldman Sucks profits from all moves!!!
This post should of been a disclaimer to the " What goes up, Must plunge down" post and please dont say that nobody didnt see this coming. Im a fucking idiot and i knew this was coming. Its in Gods hands now. Excessive worshiping of the golden Idol has caught his attention. No. Im not working for Jimmy Swaggart
Welcome to the New World Order, where markets don't matter, in fact, nothing really matters, just as long as you have enough ink in the printers.
That didn't last long
You are, and take your pottasium/cesium blockers! Or unlock the Windsor Noose?
They must have forgotten to paint the interior with thermite.
That was fun Hindenburg style. Like the cigarette for style!
People have to attack this site. Urrr.
Just noticed, ZH is the #4 'Green blog' on technorati. Way to go, TD, and, like, WTF?
http://technorati.com/blogs/directory/green/
Buy those solars.
I guess the computers do not realize about physical occurrences. How funny. The SURREAL year.
Pump the bitch up so the JPmorgue and shitigroup can get some money out, then watch the bottom fall out of this bitch.
http://www.bloomberg.com/news/2011-03-15/jpmorgan-citigroup-among-lenders-with-japanese-risk-kbw-says.html
for some another 666 moment lost
mushroom cloud over Tokyo? no, a human tragedy whipped up into an economic panic by end of the world prognosticators only to find out that the sun will again rise in a few short hours
How does 3.5 trillion do the job 23 trillion didn't?
It has to do with the complex mathematics of straws and camels backs.
E=Mc2 and Adam Smith both are full of shit. The almighty printer and the 4 Fed dudes are the new math
Serious question: Will TZA open above 43, or do I have to quit drinking now, and watch the Pig?
Good Lord, a 3X ETF?
You may as well go to Vegas and play roulette and get free drinks and flirt.
Nikkei up, MSM will be pumping other markets, FED stick save no matter the cost, markets up whatever reality may say.
Yes, a 3X. both sides have been paying me all week. Holding one overnite is contrary to my beliefs, but I have gone Zen. Do the opposite of what you know.
Have realized, belatedly, that the market movers don't read ZH, and where else would they get a clue?
Gotta remember the time lag....
Good points.
If you are making money and having fun, I say "proceed".
Best of luck.
If the population is handed the tab for the paper and ink, what is the limit of printing?
Debt: the gift that never stops giving.
If you have to ask, you can't afford it.
5 trillion ago, but just my vote. Sure there are a bunch of Libs out there that don't care.
The solution. Become destitute or move.
The funny thing is that Blankfein and all these other elitist assclowns are going to be contaminated, too.
I hope they all die from cancer or plutonium poisoning, just like Litvinenko, with the difference being that Litvinenko didn't deserve it and that he was poisoned with polonium.
This is part of the reason the ME is in revolution mode now.. those with real valuable assets will not play along in these paper schemes. The Bankers are going to have to order these ME countries siezed and this will be what triggers WW-III
BOJ infusions are like Chinese Food.
All effects on hunger are wiped out within an hour.
Policy Change will be the signal...sell cash, buy assets until the banksters are in jail...
Equity market prices are the single most important weighting to how people, often unconsciously, gauge the scope of events that are out of their control. Up, or not down as much as anticipated, is processed as all is well, status quo in tact, no reason to panic as the "experts" and "officials" have everything well under control. It is an extremely important tool in managing the global confidence game.
It's 'Sheeple', not people. Moron.
LOL, uhh...NO, it WAS an important tool when people actually fucking believed it was real and organic.
NOW, it's just a laughable mockery of what people previously perceived it to be. Ironically, they more they attempt to force 'confidence', the more blatantly bogus it becomes and the more eye-rolling dis-confidence occurs.
It's downright laughable to most persons that aren't clinically retarded.
guess what buddyboy, most people are clinically retarded.
Unfortunately, I agree.
$325 billion USD? Shit, the Bernanke can print that in his sleep. These guys are amateurs.
A swallow's belch...
Bush league...
Yes, Bush did it...whatever 'it' is.
CPM counts on whatever site I'm watching, are falling. Indicates no breach.
http://www.ustream.tv/channel/%E3%82%AC%E3%82%A4%E3%82%AC%E3%83%BC%E3%82...
Or a wind shift.
PANIC!
so there is some rubby dubbie in that Kitty!
Double background is good - means they can't mine for gold in Cali.
Moving on from this crap thread:
FL is moving forward to open carry.
Good, I missed my 90 day limit to transfer my WA carry permit., 8 yrs ago.
OK. I'm in!
Congrats, you found a dead thread! Rant on!
70 words that don't mean a fucking thing....Earthquake,Tsunami,Nuclear Meltdown, Radiation, Unemployment, Foreclosures, Libya, Mortgage gate, bankruptcy, debt, Ponzi Scheme, Egypt, dollar, GDP, shadow inventory, more debt, Greece, Portugal, Spain, derivitives, defecits, layoff, oil prices, inflation, Iran, Bahrain, commodites, floods, revolution, Depression, Muni bonds, more debt, treasuries, Saudia Arabia, food stamps, default, wages, poverty, constitution, social security, medicare, welfare, Fannie Mae, Freddie Mac, FDIC, toxic MBS, middle class, war, Illegal aliens, entitlements, economics, bubble, chaos, more debt, euro, homeless.... I could go on forever
The only 10 words that matter.... FIAT INJECTIONS, PRINT MONEY, PONZI SCHEME, PORTFOLIO, LIE, COVER-UP, STEAL....
+1 - I'd add strippers to the 10 words that matter to them...
I'm from the goobermint, and I'm here to help you.
That's 10.
Go to bed
Piss off. Or is this a subtle way of telling me I get to you Libs?
r u a t bagger?
Your mother is.
Disgusting.
Does it matter if its US$325 billion, 1 trillion, 100 trillion? Japan for the last 10 years and QE2 last year revealed the endgame. Until these central bankers are under actually running in the streets as the commoners look to try them for war crimes..they'll keep printing and gettin' paid nicely with the benefits of a govt job...
It only matters if pay taxes, or have children that will pay taxes, or those children hope to have children that will pay taxes.
Unfortunately that will involve people like you and me taking to the streets instead of the keyboards. So far only the unions that want to extract max pain from us have. The bankers are busy buying new yachts after a great 2010. So what does it take for us to actually change anything? I think Genocide Ben gets off on whats said on this blog and basically uses every public means available to throw it back in our faces.
Dead cats bounce. they don't rant. I'm screening new brokers right now. I suggest you do the same!
Put a fork into nuke power.
Can we put Libs in squirrel cages to make up the difference?
Can we tax Libs extra for existing? Libs always get upset when us real people ask them if they ride bicycles, or have alternative sources of power. Why is that?
Someone needs to tell these assholes around the world that market performance is not a sign of a good economy nor does it solve society's greater problems.
I never get the memo, either. But we can contain the problem by eliminating Libs.
Think about it, real markets and no energy hogs, ala Algore.
It is so bizzare. Most of the Asian markets are up today just as
things are getting worse in Japan ? i dont remember " markets " ever
responding this way before ? Has very country got their own PPT ?
That's not smoke you are seeing, it's "water vapor".
It's 'steam', a different phase.
Since we can't be sure when the fiat system will fianly collapse the best one can do is to dollar cost average into pm's and when your time is up pass the your bags of booty along to your offspring who will hopefully also dollar cost average, filling bags and bags of pm's all the while hidden from the tax man until such time as the fiat system collapses.. this is the only way to break the banker shackles.
Nikkei 225 futures now down 190 to 8815....that didn't last long!
Bad quote? Still looks up 4%...
I was(soo) looking forward to conversing. CBME Nikkie futures you mean? Correct!
I respect your thought(one) That is TRUE. Don't let me down. The numeral 1 was intended.
page 2?
This is a shameful waste of money. They should be using it to do real good on the ground where people need help, not propping up the financial markets.
Them pesky free markest again.
Once people figure out that the only reason for the rally is due to the artificial injection of trillions of yen by the BOJ, the nikkei should take another plunge. I say it should under normal market conditions, but these are far from "normal" conditions. News that is worse day after day with no end in sight and there is a rally. WTF?
Don't you believe it Fairy Tales and the "Tooth Ferry"
No worries mate. With a population of about 125 million, at $375 billion that's only $3,000 per person.
Bodacious Buddha! Confounding Confucius! Is The Bernank also running the BOJ?
veryone should know by now, the stock market NEVER goes down.
hi ho hi ho it's off to print I go......
Gold priced in Yen is going to skyrocket due to this, these BOJ cash infusions are insane!
Martin Armstrong commentary expecting $5000 gold with possibility of $12,000.
http://goldandsilverlinings.com/?p=248
Not sure if this already got reported... it's up to 55.6 trillion yen now:
http://english.kyodonews.jp/news/2011/03/78510.html
you sweet woman! Ihave missed your heavenly cloud. Ohh rock on baby!
I owe you one ! In our special way! you ass kicking Lady! Keep it up!
So, how many more trillion yen will it be tommorow? And the next day? And the next?....
Holding up the market is key....
Not telling people the truth so they can get the hell out
Leaders around the world should be lined up and SHOT!
Criminals absolute criminals
The Fed /BOJ etc can create trillions of currency units - and spend it as they see fit. It does raise the interesting issue of what "donations" of fiat units mean if anything. Good common folk ( serfs) - feeling the pain of fellow human beings - sweat hard and work long hours to earn "money" that they want to donate tpo a good cause. OK - admirable sentiments indeed. But - when the central bankers have repeatedly said loud and clear that their money can be created at will, in any quantities desired. THEIR money is not the same as your money earned the old fashioned way. Hell the Fed could "donate" 100Bil to Japan - and no one would even notice..
In the last 48 hours the BOJ has added about $350 Bil equivalent in Yen liquidity and the Yen just keeps on stregthening. So - hey just do more of the same. Leave packets of million Yen notes on street corners for folks to pick up. Question is -- will folks bother to pick it up?
At times like this - the true absurdity of the money system comes into sharp focus.
Folks have no use for the fiat. Maybe food , maybe iodine tablets, etc - but that crap paper - creation of Princeton PhDs/ No sir - aint no good .
How pathetic is MarketWatch?!
The real story
MarketWatch headline.
A very dishonest representation of the truth.
MarketWatch is rubbish and shill for banksters and govt.
It's all 1-day money-market funds no?? I.e. Monday's 15 trillion is not in the market anymore.