This page has been archived and commenting is disabled.

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.

 


- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 03/17/2011 - 20:14 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment chumbawamba
chumbawamba's picture

I bought half an ounce of good weed.

I am Chumbawamba.

Fri, 03/18/2011 - 00:32 | Link to Comment 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 | Link to Comment 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 | Link to Comment Thomas
Thomas's picture

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

Thu, 03/17/2011 - 23:40 | Link to Comment Calmyourself
Calmyourself's picture

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

Thu, 03/17/2011 - 21:11 | Link to Comment JimRogers
JimRogers's picture

Macallan 18.

Fri, 03/18/2011 - 09:25 | Link to Comment 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 | Link to Comment GubbermintWorker
GubbermintWorker's picture

Woodford Reserve....over ice.

Thu, 03/17/2011 - 21:35 | Link to Comment 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 | Link to Comment 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 | Link to Comment Yancey Ward
Yancey Ward's picture

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

Thu, 03/17/2011 - 22:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment dark pools of soros
dark pools of soros's picture

many were doing a lot less memorable

Thu, 03/17/2011 - 20:47 | Link to Comment 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 | Link to Comment 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 | Link to Comment Village Idiot
Village Idiot's picture

Oxi, with a marijuanna back.

Thu, 03/17/2011 - 21:56 | Link to Comment PeterB
PeterB's picture

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

Fri, 03/18/2011 - 00:34 | Link to Comment merehuman
merehuman's picture

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

Thu, 03/17/2011 - 23:04 | Link to Comment 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 | Link to Comment 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 | Link to Comment max2205
max2205's picture

If you are out of sick days call in dead

Thu, 03/17/2011 - 21:07 | Link to Comment Ray1968
Ray1968's picture

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

Fri, 03/18/2011 - 01:38 | Link to Comment Arkadaba
Arkadaba's picture

+funny! Did it once or twice myself

Thu, 03/17/2011 - 23:27 | Link to Comment 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 | Link to Comment Tim White
Tim White's picture

There you go. Me 2...

Thu, 03/17/2011 - 22:13 | Link to Comment frippy
frippy's picture

+1000

Fat Tire Amber Ale here.

 

 

Thu, 03/17/2011 - 23:12 | Link to Comment prophet
prophet's picture

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

Thu, 03/17/2011 - 20:15 | Link to Comment 99er
Thu, 03/17/2011 - 20:21 | Link to Comment 4shzl
4shzl's picture

Risk on -- booyah.

Thu, 03/17/2011 - 20:34 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment SheHunter
SheHunter's picture

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

Thu, 03/17/2011 - 21:58 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Bananamerican
Bananamerican's picture

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

Fri, 03/18/2011 - 01:02 | Link to Comment 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 | Link to Comment Boilermaker
Boilermaker's picture

WHHHEEEEEEEEEEEE

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

Thu, 03/17/2011 - 20:23 | Link to Comment Ray1968
Ray1968's picture

Just more fake paper.

At least gold is back over $1400.

Thu, 03/17/2011 - 20:21 | Link to Comment 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 | Link to Comment 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 | Link to Comment ZeroPower
ZeroPower's picture

Fucking A

Fri, 03/18/2011 - 06:25 | Link to Comment 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 | Link to Comment Ricky Bobby
Ricky Bobby's picture

+1

Fri, 03/18/2011 - 00:26 | Link to Comment 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 | Link to Comment nyse
nyse's picture

Point.

Thu, 03/17/2011 - 20:50 | Link to Comment chinaguy
chinaguy's picture

+1

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

Yeah, wow, it is amateur night!

Thu, 03/17/2011 - 21:26 | Link to Comment 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 | Link to Comment zebra
zebra's picture

if they can print money, why donate?

Thu, 03/17/2011 - 20:22 | Link to Comment Boilermaker
Boilermaker's picture

No shit.

Thu, 03/17/2011 - 20:25 | Link to Comment 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 | Link to Comment 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 | Link to Comment Spastica Rex
Spastica Rex's picture

John Steinbeck reference = +1

Thu, 03/17/2011 - 21:39 | Link to Comment 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 | Link to Comment Bananamerican
Bananamerican's picture

+3 and fuck your junker

Thu, 03/17/2011 - 20:26 | Link to Comment Hearst
Hearst's picture

If they can print money, why pay taxes?

Thu, 03/17/2011 - 20:27 | Link to Comment Ray1968
Ray1968's picture

+1

Thu, 03/17/2011 - 22:11 | Link to Comment 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 | Link to Comment Backspin
Backspin's picture

No shit.

Thu, 03/17/2011 - 20:45 | Link to Comment 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 | Link to Comment rosiescenario
rosiescenario's picture

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

Thu, 03/17/2011 - 21:07 | Link to Comment 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 | Link to Comment Hearst
Hearst's picture

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

Fri, 03/18/2011 - 06:02 | Link to Comment 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 | Link to Comment 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 | Link to Comment serotonindumptruck
serotonindumptruck's picture

Nice.

Fri, 03/18/2011 - 01:05 | Link to Comment 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 | Link to Comment 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 | Link to Comment StychoKiller
StychoKiller's picture

For the next time:

http://www.worldvision.org

 

Thu, 03/17/2011 - 22:56 | Link to Comment snowball777
snowball777's picture

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

Fri, 03/18/2011 - 00:17 | Link to Comment LudwigVon
LudwigVon's picture

Bingo.

Thu, 03/17/2011 - 20:20 | Link to Comment 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 | Link to Comment 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 | Link to Comment Boilermaker
Boilermaker's picture

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

Thu, 03/17/2011 - 20:47 | Link to Comment 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 | Link to Comment Rainman
Rainman's picture

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

Thu, 03/17/2011 - 20:31 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment KTV Escort
Thu, 03/17/2011 - 20:22 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment RockyRacoon
RockyRacoon's picture

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

Fri, 03/18/2011 - 01:51 | Link to Comment Arkadaba
Arkadaba's picture

nice!

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

I feel like I'm in the Twilight Zone.

Thu, 03/17/2011 - 20:27 | Link to Comment RockyRacoon
RockyRacoon's picture

Rod Serling never left the building.

Thu, 03/17/2011 - 21:35 | Link to Comment serotonindumptruck
serotonindumptruck's picture

He never left the operating room table either.

Thu, 03/17/2011 - 20:26 | Link to Comment breezer1
breezer1's picture

the price of necessities will not respond well to monitization.

Thu, 03/17/2011 - 20:26 | Link to Comment iota
iota's picture

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

Thu, 03/17/2011 - 20:27 | Link to Comment 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 | Link to Comment 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 | Link to Comment 10kby2k
10kby2k's picture

Reality is not good for your sanity or happiness.

Thu, 03/17/2011 - 21:15 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment eddiebe
eddiebe's picture

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

Thu, 03/17/2011 - 21:47 | Link to Comment Rusty_Shackleford
Rusty_Shackleford's picture

It's funny because it's true.

Fri, 03/18/2011 - 00:51 | Link to Comment 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 | Link to Comment Timothy
Timothy's picture

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

Thu, 03/17/2011 - 20:29 | Link to Comment 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 | Link to Comment scratch_and_sniff
scratch_and_sniff's picture

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

Thu, 03/17/2011 - 20:28 | Link to Comment RoRoTrader
RoRoTrader's picture

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

Thu, 03/17/2011 - 20:30 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment Oh regional Indian
Oh regional Indian's picture

That would make you Abu Nadal.

ORI

Thu, 03/17/2011 - 22:13 | Link to Comment 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 | Link to Comment Boilermaker
Boilermaker's picture

It's just a coincidence, relax.

Thu, 03/17/2011 - 20:37 | Link to Comment 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 | Link to Comment 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 | Link to Comment Zeilschip
Zeilschip's picture

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

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

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

Thu, 03/17/2011 - 20:38 | Link to Comment Zeilschip
Zeilschip's picture

We're all truly fukked aren't we?

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

Not unless you BTFD.

Thu, 03/17/2011 - 20:54 | Link to Comment 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 | Link to Comment iota
Thu, 03/17/2011 - 20:45 | Link to Comment dearth vader
dearth vader's picture

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

Thu, 03/17/2011 - 21:08 | Link to Comment 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 | Link to Comment 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 | Link to Comment 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 | Link to Comment carbonmutant
carbonmutant's picture

Everbody in the pool....

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

Think again, the pools are boiled dry.

Thu, 03/17/2011 - 20:48 | Link to Comment JohnG
JohnG's picture

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

Thu, 03/17/2011 - 21:52 | Link to Comment Mesquite
Mesquite's picture

Visible from space...

(nice and warm..)

Thu, 03/17/2011 - 20:31 | Link to Comment 99er
Thu, 03/17/2011 - 20:33 | Link to Comment 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 | Link to Comment 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 | Link to Comment dearth vader
dearth vader's picture

And only 6 seconds for the full realization to last.

Do NOT follow this link or you will be banned from the site!