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We Are Off To The Races: BOJ Intervenes In FX Market, Sends Nikkei Surging As G7 Agree On Plaza Accord V2

Tyler Durden's picture




 

And we are off. The JPYUSD is up nearly 200 pips as the Bank of Japan buys billions in dollars, using freshly printed Yen, following an agreement with the G7 which will likely see a new plaza accord to keep the Yen low despite ongoing repatriation. This follows earlier news that the BOJ will underwrite a ¥10 trillion in earthquake recovery bonds as Japan is now lurching from one monetization step to another. Keep an eye out for intervention aftershocks as the BOJ now can not allow the USDJPY to drop below 80 or it will be all over. This is what global reflation gone nuts looks like. On the other hand, if the BOJ fails to keep the USDJPY above 80 following this action, and the inflows of yen are far greater than anyone expected, most certainly the G7, then we have big problems.

And from Reuters:

The Group of Seven finance chiefs said authorities from the United States, Britain, Canada and the European Central Bank will join with Japan in joint foreign exchange intervention from Friday, at the request of the Japanese authorities.

The G7 finance leaders expressed their "readiness to provide any needed cooperation and our confidence in the resilience of the Japanese economy and financial sector", they said in a statement issued after a conference call.

The G7 finance chiefs held a teleconference around 7 a.m. Japan time on Friday (10:00 p.m. GMT on Thursday) to discuss the financial and economic impact of last week's massive earthquake and unfolding nuclear crisis.

Next up: Armageddon 2: the Sequel, in which the Chairsatan, Trichet, Shirikawa, King, and Hildebrand dig a deep hole in Haley's commet, in order to save the earth, only something goes horribly wrong and everyone blows up in a nuclear fireball. The end.

 

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Thu, 03/17/2011 - 20:14 | 1069195 bob_dabolina
bob_dabolina's picture

I have a friend in the military who just tweeted:

"Captain of the USS Reagan told the crew to make video conferences home cause they dont know how sick they might get."

Have not confirmed yet but he's an honest guy so take it for what it is...

Thu, 03/17/2011 - 20:25 | 1069237 Bay of Pigs
Bay of Pigs's picture

A fact they are now evacuating the families of those based in Japan. Unprecedented moves.

Buy hey, we don't want anyone to panic.

Thu, 03/17/2011 - 21:27 | 1069497 Village Idiot
Village Idiot's picture

"Buy hey, we don't want anyone to panic.

Im not. I'm waterskiing right now. 

http://www.youtube.com/watch?v=6A-hADCTHqM&feature=relmfu

 

 

Thu, 03/17/2011 - 22:47 | 1069803 snowball777
snowball777's picture

0:23 - 0:25...comedy Au. I'd love to see the insurance policy on the ski boat too.

Fri, 03/18/2011 - 05:55 | 1070484 What does it al...
What does it all mean's picture

I wish I had enough cajones to fully capitalize on this.  It is a beautiful intervention... First buy the yen, and now, time to monetize it.  Probably Goldman FX traders who showed them how this is done.  Very impressive, along with the general preparation.  

I am serious, no other nation could have handled this better!  M9.0 is 34 times bigger thatn M7.5 for most US nuclear plants... it is the aftershocks and tsunami that destroyed Fukushima...  If the same thing happened in West Coast, watch out for the looting and how prepared OC crowd really are.  

Thu, 03/17/2011 - 20:28 | 1069243 Ray1968
Ray1968's picture

With everything going on this week, I'm pouring a glass of Jack Daniels and a splash of Coke and I'm calling out hung-over tomorrow.

Thu, 03/17/2011 - 20:37 | 1069303 tom a taxpayer
tom a taxpayer's picture

I'm having Spumante over ice with a shot of Sambuca in a 16 ounce plastic cup.

Thu, 03/17/2011 - 20:42 | 1069325 cletus n clovis
cletus n clovis's picture

tullamore dew straight no chaser for me after all it is saint patrick's day!!

Thu, 03/17/2011 - 20:50 | 1069357 Bay of Pigs
Bay of Pigs's picture

+1

Following your lead...and let's check the brackets while we're at it.

Thu, 03/17/2011 - 22:52 | 1069823 Fish Gone Bad
Fish Gone Bad's picture

With all the shit going on in Japan, I went out and bought 10 gallons of bottled drinking water, and filled up my gas tanks.

Now that all the un-fun stuff is done, it is time to get down to some more serious business.

Thu, 03/17/2011 - 23:57 | 1069999 chumbawamba
chumbawamba's picture

I bought half an ounce of good weed.

I am Chumbawamba.

Fri, 03/18/2011 - 00:32 | 1070074 Campagnolo
Campagnolo's picture

that's exactly what I need as well...too much shit going on in the world...maybe will be one the last ones to relax a little

Fri, 03/18/2011 - 01:06 | 1070162 baby_BLYTHE
baby_BLYTHE's picture

Weed <3.

too all the single guys in the house... girls love weed!

I have been tracking how much a gram has incrased in my area over the last decade or so (Started around 11- yet a straight A student every year!).

In addition to Gold+Silver+Lead Bullets+Seeds and Clean water.

Go long cannabis. ;)

Thu, 03/17/2011 - 20:51 | 1069366 Thomas
Thomas's picture

Hot Tamales (the candy). It's an addiction.

Thu, 03/17/2011 - 23:40 | 1069961 Calmyourself
Calmyourself's picture

Jelly Belly brand jelly beans, love the javas, and whiskey lots of whiskey.. 

Thu, 03/17/2011 - 21:11 | 1069435 JimRogers
JimRogers's picture

Macallan 18.

Fri, 03/18/2011 - 09:25 | 1070913 JP McManus
JP McManus's picture

+ 1

I like my scotch like I like my women - at least 18 years old.

Thu, 03/17/2011 - 21:17 | 1069449 GubbermintWorker
GubbermintWorker's picture

Woodford Reserve....over ice.

Thu, 03/17/2011 - 21:35 | 1069534 Lets_Eat_Ben
Lets_Eat_Ben's picture

hmm...lets see...im gonna go with a couple of glasses of red wine and hopefully a bj

It's the little things in life...am i right?

 

Thu, 03/17/2011 - 21:41 | 1069575 LongSoupLine
LongSoupLine's picture

I'm on my 6th Guinness and feel like a fucking hero...or is it fuck a hero?...no, no..wait, it's eat a fucking hero with extra thin sliced rare roast beef...yeah, that's it!

 

...time for another Guinness

Thu, 03/17/2011 - 21:52 | 1069620 Yancey Ward
Yancey Ward's picture

I mainline pure grain alcohol with my mom's IV kit.

Thu, 03/17/2011 - 22:30 | 1069762 SheHunter
SheHunter's picture

Tuaca brandy, no ice, chilled glass.  I think there's some green somewhere on the label....

Fri, 03/18/2011 - 00:21 | 1070051 Bananamerican
Bananamerican's picture

wheatgrass, vermouth, uh, in a blender...

with rocks and a shot of vicks vapo-rub....

oh YEAH Baby!!

Thu, 03/17/2011 - 20:41 | 1069320 dark pools of soros
dark pools of soros's picture

i just got some whiskey rocks that you keep in the freezer so you dont water down the good stuff...  pretty nice but I could of just grabbed some rocks outside and did the same thing...

Thu, 03/17/2011 - 21:16 | 1069441 duo
duo's picture

I have a Japanese spherical ice mold.  Supposedly, the sphere cools the whisky the most without diluting it, so it's the thing to do at the whisky bars in Japan were a shot  of Nikka 17yr is about $12.

Sad to say, but that was what I was doing in Tokyo the last Friday night of the old Japan (March 4th).

Thu, 03/17/2011 - 21:38 | 1069548 dark pools of soros
dark pools of soros's picture

many were doing a lot less memorable

Thu, 03/17/2011 - 20:47 | 1069343 macholatte
macholatte's picture

Blasphemy!

Diluting Old No. 7 with anything other than ice made from pure rain water is a crime against nature.

 

Thu, 03/17/2011 - 20:59 | 1069393 rich_maverick
rich_maverick's picture

That rain water may be radioactive.  I would stick to just drinking it straight from the bottle...

Thu, 03/17/2011 - 20:56 | 1069380 Village Idiot
Village Idiot's picture

Oxi, with a marijuanna back.

Thu, 03/17/2011 - 21:56 | 1069638 PeterB
PeterB's picture

Give me what ever Bernanke's on & make it a double dose

Fri, 03/18/2011 - 00:34 | 1070083 merehuman
merehuman's picture

up on amnesia. All is forgotten , new horizons glowing in the dark

Thu, 03/17/2011 - 23:04 | 1069863 hangemhigh
hangemhigh's picture
TO:  Village Idiot
on Thu, 03/17/2011 - 20:56
#1069380

 

"Oxi, with a marijuanna back."

 dogg, how good is that,....the lush faux pas prime time remix.....some sister ray with high tides and green grass.....

Thu, 03/17/2011 - 23:23 | 1069911 Village Idiot
Village Idiot's picture

green grass and high tides forever, my brother.  here comes the riff.

 

http://www.youtube.com/watch?v=R82OM5tzcrk 

 

 

Thu, 03/17/2011 - 21:00 | 1069392 max2205
max2205's picture

If you are out of sick days call in dead

Thu, 03/17/2011 - 21:07 | 1069417 Ray1968
Ray1968's picture

Being St. Patrick's Day, I don't think I'm fooling anyone.

Fri, 03/18/2011 - 01:38 | 1070216 Arkadaba
Arkadaba's picture

+funny! Did it once or twice myself

Thu, 03/17/2011 - 23:27 | 1069891 hangemhigh
hangemhigh's picture
TO:  max2205
on Thu, 03/17/2011 - 21:00
#1069392

 

"If you are out of sick days call in dead"

if that doesn't work tell them it's an alien abduction and you're partying on the mother ship.........

Thu, 03/17/2011 - 21:45 | 1069594 Tim White
Tim White's picture

There you go. Me 2...

Thu, 03/17/2011 - 22:13 | 1069691 frippy
frippy's picture

+1000

Fat Tire Amber Ale here.

 

 

Thu, 03/17/2011 - 23:12 | 1069877 prophet
prophet's picture

Was he referring to the people back home or the people on board?

Thu, 03/17/2011 - 20:15 | 1069197 99er
Thu, 03/17/2011 - 20:21 | 1069223 4shzl
4shzl's picture

Risk on -- booyah.

Thu, 03/17/2011 - 20:34 | 1069283 Id fight Gandhi
Id fight Gandhi's picture

Risk on is so 2010

Just like green shoots was 2009.

Thu, 03/17/2011 - 23:02 | 1069852 DeanTheMachine
DeanTheMachine's picture

Holy shit have I been reading zero hedge that long?  I feel like I'm in a fucking time warp.  The next thing I know I'm gonna wake up and my life's gonna be over

Thu, 03/17/2011 - 21:26 | 1069443 CPL
CPL's picture

No risk on.

Break bitch.  Taurus says so.  This is done or another massive rock and roll to finish it.  Fuck it.

Take it.  All eight inches bitches.   Fucking turds.  Kiss kiss bang bang California. just for fun and a bit of Mexico...well lots of Mexico.

Cancer for everybody.  DOn't fight for yourself, here's a dose.  Massive dose.

Thu, 03/17/2011 - 22:37 | 1069777 SheHunter
SheHunter's picture

c...h...i...L...L...  iz all OK.  Rully.

Thu, 03/17/2011 - 21:58 | 1069644 alien-IQ
alien-IQ's picture

USD back to pre-intervention levels...futures still stratospheric....I am Jacks total lack of surprise.

Thu, 03/17/2011 - 20:18 | 1069210 alien-IQ
alien-IQ's picture

looks exactly like the /ES chart. Everything going full retard...because lets face it...War (another one) Nuclear Meltdown...Tsunami...Earthquake...NO PROBLEM!!! We'll just print more money and PRESTO!...All is well.

Everybody go long everything now.

Thu, 03/17/2011 - 22:28 | 1069746 Oh regional Indian
Oh regional Indian's picture

Weird World. Getting weirder by the minute.

Full court press, when will these guys give up?

In fact, the bigger question seems to be, why can't these guys give up? What is driving the market madness? Do they have reptilians at their throats? Who spawned this bankster/political lot? Are they really lobotomized abductees following some crazed alien overlord's orders?

Tell us Alien IQ?

Because their actions sure do nto make them look/feel human. At all.

Cue Henry "Detente", Mr Playgirl (ughhhhh) Kissmyassinger.

ORI

http://aadivaahan.wordpress.com/2011/03/17/archetypal-astrology-from-cathartes-aura/

Fri, 03/18/2011 - 00:25 | 1070058 Bananamerican
Bananamerican's picture

any atheists here, ya know..."thinking' about it"?

Fri, 03/18/2011 - 01:02 | 1070152 BlackThought
BlackThought's picture

alien where have u been?? wall_rus banned me from your board. can you unban me.

Thu, 03/17/2011 - 20:18 | 1069211 Boilermaker
Boilermaker's picture

WHHHEEEEEEEEEEEE

100 point insta-swing in futures!  I LOVE THIS SHIT!

Thu, 03/17/2011 - 20:23 | 1069217 Ray1968
Ray1968's picture

Just more fake paper.

At least gold is back over $1400.

Thu, 03/17/2011 - 20:21 | 1069225 Boilermaker
Boilermaker's picture

Just more fake fake shit.

In other words, currencies, equities, and bonds are whatever the fucking wizards say they are.

It's all an ENORMOUS fucking joke.

Thu, 03/17/2011 - 20:40 | 1069284 SME MOFO
SME MOFO's picture

wow. just wow. 

yen straddles are throwing off GAMMA gold, we are talking retirement events this week. 

Castles in prague and euroslut sheening all day everyday!

Fri, 03/18/2011 - 05:04 | 1070398 ZeroPower
ZeroPower's picture

Fucking A

Fri, 03/18/2011 - 06:25 | 1070492 What does it al...
What does it all mean's picture

4 points down and then 6 points up, over 2 days.  Definitely retirement worthy week.

Thu, 03/17/2011 - 22:30 | 1069758 Ricky Bobby
Ricky Bobby's picture

+1

Fri, 03/18/2011 - 00:26 | 1070055 Founders Keeper
Founders Keeper's picture

[In other words, currencies, equities, and bonds are whatever the fucking wizards say they are.]---Boilermaker

+1

Reads like poetry.

 

Fri, 03/18/2011 - 02:36 | 1070306 nyse
nyse's picture

Point.

Thu, 03/17/2011 - 20:50 | 1069338 chinaguy
chinaguy's picture

+1

Thu, 03/17/2011 - 21:49 | 1069614 Tim White
Tim White's picture

Yeah, wow, it is amateur night!

Thu, 03/17/2011 - 21:26 | 1069486 eddiebe
eddiebe's picture

It works until it doesnt. The derivatives monster gets bigger, the bankstas get richer, the people get poorer, and there is more and more people and waste, while resources get scarcer. Long real short fake.

Thu, 03/17/2011 - 20:19 | 1069212 zebra
zebra's picture

if they can print money, why donate?

Thu, 03/17/2011 - 20:22 | 1069228 Boilermaker
Boilermaker's picture

No shit.

Thu, 03/17/2011 - 20:25 | 1069238 RockyRacoon
RockyRacoon's picture

Donate only if ordinary people will receive the funds, cause they sure as hell ain't getting any of this new print run.

Thu, 03/17/2011 - 20:59 | 1069391 macholatte
macholatte's picture

 

Ordinary Japanese might have liked a yen at 60 so they could buy some cheap imports, like blankets and food and gloves and thyroid tablets and airline tickets.

Oh well, I guess the banksters know what's best for everyone. The little people will gladly sacrifice to save the collective.

 

 It has always seemed strange to me... the things we admire in men, kindness and generosity, openness, honesty, understanding and feeling, are the concomitants of failure in our system. And those traits we detest, sharpness, greed, acquisitiveness, meanness, egotism and self-interest, are the traits of success. And while men admire the quality of the first they love the produce of the second.
John Steinbeck

Thu, 03/17/2011 - 21:19 | 1069455 Spastica Rex
Spastica Rex's picture

John Steinbeck reference = +1

Thu, 03/17/2011 - 21:39 | 1069562 Calmyourself
Calmyourself's picture

+2 nicely done, have not read that one..   I recently read Grapes of Wrath again.  We are all okies now, or will shortly become..

Fri, 03/18/2011 - 00:28 | 1070067 Bananamerican
Bananamerican's picture

+3 and fuck your junker

Thu, 03/17/2011 - 20:26 | 1069245 Hearst
Hearst's picture

If they can print money, why pay taxes?

Thu, 03/17/2011 - 20:27 | 1069258 Ray1968
Ray1968's picture

+1

Thu, 03/17/2011 - 22:11 | 1069681 Pez
Pez's picture

I said: "You must pay a lot of taxes". She said: "We don't pay taxes. Only the little people pay taxes."
          –Elizabeth Baum, former housekeeper to Leona Mindy Helmsley (October 1983)

Thu, 03/17/2011 - 20:30 | 1069264 Backspin
Backspin's picture

No shit.

Thu, 03/17/2011 - 20:45 | 1069331 dark pools of soros
dark pools of soros's picture

they print..  you pay.. shackles on.. get back to serfing

Thu, 03/17/2011 - 20:44 | 1069337 rosiescenario
rosiescenario's picture

...uh, to keep the IRS hooligans off the streets????

Thu, 03/17/2011 - 21:07 | 1069410 Freewheelin Franklin
Freewheelin Franklin's picture

If they can print money, why pay taxes?

 

Taxes are a curb on future price inflation.

- Palyi

 

Thu, 03/17/2011 - 21:32 | 1069522 Hearst
Hearst's picture

Nice point Freewheelin, I never thought about it like that before.  

Fri, 03/18/2011 - 06:02 | 1070488 Freewheelin Franklin
Freewheelin Franklin's picture

Of course, that is only true in a fiat monetary regime, but I'm sure you assumed that.

Thu, 03/17/2011 - 21:18 | 1069450 Narcolepzzzzzz
Narcolepzzzzzz's picture

"Should government refrain from regulation and taxation, the worthlessness of the money becomes apparent and the fraud can no longer be concealed."
John Maynard Keynes "The Economic Consequences of Peace"

Thu, 03/17/2011 - 21:28 | 1069504 serotonindumptruck
serotonindumptruck's picture

Nice.

Fri, 03/18/2011 - 01:05 | 1070156 Calculated_Risk
Calculated_Risk's picture

It's about power and keeping you shitbags in line. If it was about revenue, they wouldn't

go after a person that owes $00.04

http://www.msnbc.msn.com/id/21134540/vp/35972256#35972256

And this was all over the media to remind you too keep you in line. That the government is that fucking stupid to spend thousands to get pennies, or you'll go to prison.

Nevermind it should be criminal to be that fucking stupid. Just remember the FEAR of a cockmeat sandwich in federal penn for not paying the four fucking pennies!

 

Thu, 03/17/2011 - 21:21 | 1069463 Shock and Aweful
Shock and Aweful's picture

That was exactly what I said to the wife tonight when she asked if we should give $20.00 to the relief effort...I said "shit...they can just print as much Yen as they want - and will make a damn good attempt at printing plenty too"

In all seriousness though, I am not a completely callous bastard so I did capitulate and we donated $20.00 to the Red Cross.  I guess that is o.k. since last I checked, the Red Cross does NOT have a printing press of their own

Thu, 03/17/2011 - 22:15 | 1069697 StychoKiller
StychoKiller's picture

For the next time:

http://www.worldvision.org

 

Thu, 03/17/2011 - 22:56 | 1069827 snowball777
snowball777's picture

Sure they do...they just "printed" $12 with it.

Fri, 03/18/2011 - 00:17 | 1070042 LudwigVon
LudwigVon's picture

Bingo.

Thu, 03/17/2011 - 20:20 | 1069218 jbc77
jbc77's picture

This is just unreal. Everything is propped up. A free market is forever gone. I've increased my purchases of gold & silver to a portion of every paycheck. I'll continue to do so. I don't know what else to do to counter this...

Thu, 03/17/2011 - 20:36 | 1069293 Id fight Gandhi
Id fight Gandhi's picture

Why are us market futures up? Dollar is up, oil is up.

Nothing changed other than waiting for power to arrive in Japan. And it's a big IF the pumps will turn on.

Thu, 03/17/2011 - 20:37 | 1069300 Boilermaker
Boilermaker's picture

Why not?  What the fuck difference does it make now?

Thu, 03/17/2011 - 20:47 | 1069351 Id fight Gandhi
Id fight Gandhi's picture

If the extension cord works, stocks will rally. Morons on wall St are trying to trade useless headlines and they run scared their easy money scam melt up isn't working anymore.

Thu, 03/17/2011 - 20:21 | 1069219 Rainman
Rainman's picture

The Black Swan. Who could have known...??

Thu, 03/17/2011 - 20:31 | 1069270 Ray1968
Ray1968's picture

I spent all week trying to explain the induction problem... Turkey problem and some of the other finer points of Taleb's book... and I get this blank stare back.

I give up.

I'm just waiting for that asteroid to land on our ass.

Thu, 03/17/2011 - 20:43 | 1069324 Unlawful Justice
Unlawful Justice's picture

I don't like to repeat myself but.........

http://www.youtube.com/watch?v=ig64I7ZC3Ro

Thu, 03/17/2011 - 20:49 | 1069358 Id fight Gandhi
Id fight Gandhi's picture

Asteroids contain gold which would make gold tank and make equities soar.

Thu, 03/17/2011 - 21:11 | 1069415 Village Idiot
Village Idiot's picture

Yes, we have you hedged for downside risk.  It was a 1% event...who could have known?"  Yes, we have you hedged for downside risk. 

Thu, 03/17/2011 - 22:49 | 1069810 KTV Escort
Thu, 03/17/2011 - 20:22 | 1069220 LMAO
LMAO's picture

That's just fantastic!

This all is going to end very well, it simply has to.

Hail to our leaders.

LMAO

Thu, 03/17/2011 - 20:23 | 1069227 ThreeTrees
ThreeTrees's picture

Why do I get the feeling the entire financial system is hanging by a thread...again...

Thu, 03/17/2011 - 20:24 | 1069232 Boilermaker
Boilermaker's picture

Wrong, it's just finally exposed for what it is and has been for a long time.  A fucking facade.

Thu, 03/17/2011 - 20:25 | 1069244 RockyRacoon
RockyRacoon's picture

That's not the case.  The thread that already existed just got thinner.

Fri, 03/18/2011 - 01:51 | 1070240 Arkadaba
Arkadaba's picture

nice!

Thu, 03/17/2011 - 20:24 | 1069231 alien-IQ
alien-IQ's picture

I feel like I'm in the Twilight Zone.

Thu, 03/17/2011 - 20:27 | 1069248 RockyRacoon
RockyRacoon's picture

Rod Serling never left the building.

Thu, 03/17/2011 - 21:35 | 1069538 serotonindumptruck
serotonindumptruck's picture

He never left the operating room table either.

Thu, 03/17/2011 - 20:26 | 1069246 breezer1
breezer1's picture

the price of necessities will not respond well to monitization.

Thu, 03/17/2011 - 20:26 | 1069247 iota
iota's picture

Fucking awesome... call me when it's time to resume shorting.

Thu, 03/17/2011 - 20:27 | 1069250 gimli
gimli's picture

Who's that masked man ...... is it ....... is it --- Max Keiser?

 

http://www.youtube.com/watch?v=NEqpvQqvcSo

Thu, 03/17/2011 - 20:30 | 1069254 quasimodo
quasimodo's picture

Fuck this noise. I am going to go buy a new truck, or maybe trade the boat in for something BIGGER that consumes even more GAS. This game is so flipping rigged, I am now a member of the club. Who gives a shit anymore.

Edit-then I wonder why I can't get my wife on board when I tell her what is going on, this is all she sees. The good shit.

Thu, 03/17/2011 - 20:33 | 1069286 10kby2k
10kby2k's picture

Reality is not good for your sanity or happiness.

Thu, 03/17/2011 - 21:15 | 1069401 Unlawful Justice
Unlawful Justice's picture

"Reality is not good for your sanity or happiness."

Is like asking?  Do you like fake boobs or real ones.

http://www.grouchyoldcripple.com/archives/008448.html

 

Fri, 03/18/2011 - 00:18 | 1070040 greased up deaf guy
greased up deaf guy's picture

a wise friend of mine once said...

"if i can touch them, then they are real."

my mind was blown...

Thu, 03/17/2011 - 20:54 | 1069346 tahoebumsmith
tahoebumsmith's picture

Just play their fucking game and buy a GM 4500 HD...No money down, 0% for 72 months and no payment till July. When July rolls around get a BOA Credit card and take enough cash to make the first 12 payments up front. Then get a Chase credit card and make the BOA payments with that.Also take out a BP gas card and buy all your fuel on it and pay that bill with the other cards as well..wash,repeat,rinse until you have hit the limits on both. Then squat in your truck another 20 months before they get around to hooking it, meanwhile telling BOA and Chase to fuck off everytime they call. Once you have filed chapter 7 in four years go get another 4500 HD on the new GM Subprime lease plan and start all over. You want to join the club? Here is my advice if you want to become a valued member! Sad scenario but this is the animal they are creating.

Thu, 03/17/2011 - 21:46 | 1069588 eddiebe
eddiebe's picture

I love it!  Beat the fuckers at their own game. I'm in!

Thu, 03/17/2011 - 21:47 | 1069598 Rusty_Shackleford
Rusty_Shackleford's picture

It's funny because it's true.

Fri, 03/18/2011 - 00:51 | 1070114 Founders Keeper
Founders Keeper's picture

[Just play their fucking game and buy a GM 4500 HD...No money down, 0% for 72 months and no payment till July. When July rolls around...]---tahoebumsmith

Trickle down corruption.

Good post, tahoe.

 

Thu, 03/17/2011 - 21:31 | 1069524 Timothy
Timothy's picture

Fuck your wife if she's an idiot. Time to cut the fat.

Thu, 03/17/2011 - 20:29 | 1069256 Bleeping Fed
Bleeping Fed's picture

How noble--robbing the rich Japanese taxpayers to give to the poor Japanese exporters...

Thu, 03/17/2011 - 20:29 | 1069257 scratch_and_sniff
scratch_and_sniff's picture

go go japan!!! whooo hooo, keep her bid!

Thu, 03/17/2011 - 20:28 | 1069261 RoRoTrader
RoRoTrader's picture

looks like coordinated intervention and no turning back........all hands on deck. battle stations.

Thu, 03/17/2011 - 20:30 | 1069262 Eireann go Brach
Eireann go Brach's picture

Toal twlight zone. I want some Bama Bucks to get myself some golf lessons and tickts to the final four!

Thu, 03/17/2011 - 20:31 | 1069267 10kby2k
10kby2k's picture

All I want is clarity and reality.  (my bad: deceit, cover-up, manipulation and lies is the clear reality)

Thu, 03/17/2011 - 20:30 | 1069269 Boilermaker
Boilermaker's picture

Be prepared for a huge several hundred point fuck-you-in-the-ass...-again open.

Japan has almost a trillion USD in US Treasuries.  But, this is fucking necessary?  Just to jack the fuck out of the equities market?

 

Thu, 03/17/2011 - 20:35 | 1069288 ghostfaceinvestah
ghostfaceinvestah's picture

The entire first world financial system is geared to equity prices - those go down, and we are talking serious unrest.  Regime change in the USA, Japan, etc.

But sooner or later it ain't gonna work, then look out below.

Thu, 03/17/2011 - 20:34 | 1069289 Ray1968
Ray1968's picture

The shorts will be punished.

Going short is akin to being a terrorist, you know.

Thu, 03/17/2011 - 21:24 | 1069480 Things that go bump
Things that go bump's picture

So then what is buying gold and silver with your Benny bucks?

Thu, 03/17/2011 - 22:45 | 1069793 Oh regional Indian
Oh regional Indian's picture

That would make you Abu Nadal.

ORI

Thu, 03/17/2011 - 22:13 | 1069686 alien-IQ
alien-IQ's picture

no doubt. did you notice the timing of that news? precisely as the AH market closed so you could not cover a short position or open a long...at 8:01 PM the market went full fuckin retard. The odds of this timing being a coincidence are several thousand miles south of zero.

this market is fucked up beyond description.

and to add insult to injury...the USD is now at pre-intervention levels (and falling) and the futures keep ticking off new highs every motherfucking minute.

this is beyond disgusting.

Thu, 03/17/2011 - 23:40 | 1069964 Boilermaker
Boilermaker's picture

It's just a coincidence, relax.

Thu, 03/17/2011 - 20:37 | 1069301 cswjr
cswjr's picture

No shit.  Lots of people holding "worthless" index options are going to be in for a surprise.

Thu, 03/17/2011 - 20:44 | 1069330 nedwardkelly
nedwardkelly's picture

They can't sell treasuries or that would jack up the yen. They're trying to take the ass out of the yen.

Thu, 03/17/2011 - 20:30 | 1069271 Zeilschip
Zeilschip's picture

What's the bigger thought here, or do they all really like the Japanese?

Thu, 03/17/2011 - 20:33 | 1069279 Bleeping Fed
Bleeping Fed's picture

Central banks are desperately trying to keep the global Ponzi scheme afloat.

Thu, 03/17/2011 - 20:38 | 1069311 Zeilschip
Zeilschip's picture

We're all truly fukked aren't we?

Thu, 03/17/2011 - 20:45 | 1069336 Bleeping Fed
Bleeping Fed's picture

Not unless you BTFD.

Thu, 03/17/2011 - 20:54 | 1069373 FischerBlack
FischerBlack's picture

Nah, it's not that they like the Japanese. They have to keep the yen carry trade intact. Otherwise risk assets deflate. Can't let the yen appreciate or shadow banking liquidity will dry up again. The yen is the pre-eminent risk funding currency around the globe, and a reserve currency to boot. Must...not...let...yen...rise...

Thu, 03/17/2011 - 20:30 | 1069273 iota
Thu, 03/17/2011 - 20:45 | 1069332 dearth vader
dearth vader's picture

At least, they're not mincing words, 2 lines, that's it.

Thu, 03/17/2011 - 21:08 | 1069412 tom a taxpayer
tom a taxpayer's picture

TWO SENTENCES! The BOJ statement is short and to the point. In contrast to the muffled, garbled paragraphs of condition-laden, CYA obfuscating USDA prime bullshite put out by Bernanke, Dudley-Do-Right-By-Goldman-Sachs, and Timmy-the Wall-Street-go-fer.

Thanks, iota, for the link to original source material.

Thu, 03/17/2011 - 23:18 | 1069897 snowball777
snowball777's picture

The Bank of Japan strongly expects that Japan's concerted action with G7 member countries in the foreign exchange market will contribute to the stable formation of foreign exchange rates.

We have lost our little perverted minds.

The Bank of Japan will pursue powerful monetary easing and, to ensure stability in financial markets, will continue to provide ample liquidity.

Bukkake eiei.

Thu, 03/17/2011 - 20:32 | 1069274 Long-John-Silver
Long-John-Silver's picture

I think I'm on the wrong side of the Twilight Zone screen and the kid is wishing me to the corn field.....

Thu, 03/17/2011 - 20:32 | 1069276 carbonmutant
carbonmutant's picture

Everbody in the pool....

Thu, 03/17/2011 - 20:47 | 1069342 dearth vader
dearth vader's picture

Think again, the pools are boiled dry.

Thu, 03/17/2011 - 20:48 | 1069353 JohnG
JohnG's picture

Didn't you hear?  It's empty. No water, just spent fuel rods.

Thu, 03/17/2011 - 21:52 | 1069619 Mesquite
Mesquite's picture

Visible from space...

(nice and warm..)

Thu, 03/17/2011 - 20:33 | 1069285 AUD
AUD's picture

I think the bond speculators might be getting burnt right up to their armpits.

And as for the suckers who sold their gold into weakness....well I have no sympathy for them.

Thu, 03/17/2011 - 20:33 | 1069287 Racer
Racer's picture

Canute

Marie Antoinette

 

Global morons never realise their heads are going to roll until it hits the basket

Thu, 03/17/2011 - 20:48 | 1069352 dearth vader
dearth vader's picture

And only 6 seconds for the full realization to last.

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