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Japan Has Officially Gone Insane
On one hand:
- BOJ OFFERS TO BUY 300B YEN DEBT WITH MORE THAN 10YR MATURITY
- BOJ OFFERS TO BUY 600B YEN IN 5-10YR GOVT DEBT
and on the other
- ABE SAYS BOJ ISN’T DIRECTLY BUYING GOVERNMENT DEBT
We give up: raging schizophrenia and a sado-maso fetish is now a core prerequisite for anyone who wishes to follow the daily lies these central planning sociopaths spew with impunity.
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Desperation phase...
Ben Bernanke threatening to pull the QE plug, Kyle Bass splainin' it to them again, out of control volatility in rates, bubble stock market...and Abe/Kuroda still don't know that THEY are causing it.
And in the meantime, all across the globe, there is nary an actual market to participate in.
We have arrived...
Puetz eclipse crash window: http://thespiritoftruth.blogspot.com/2013/05/puetz-eclipse-crash-window-...
I have officially changed the copywrite on the "Ben Bernank" to "Toner Ben" spread the word bitches, SGS is back
Nemesis of printer cartridge conservation.
There
Translation: "We had to destroy the Yen to save the Yen."
http://www.youtube.com/watch?v=XR8LFNUr3vw
listen closely to the lyrics.. so freaking appropriate
the daily lies these central planning sociopaths spew with impunity
the New Normal
The most horrific thing in the entire existence of the universe is that Grace Slick has gotten old.
No kiddin'. She was so hot, and had an amazing voice.
voice and visage .. the past is reality and levers the present and future
the present is not necessarily pretty, no one knows the future, but the past and legacy is what it is
she made her mark in a big way.. more than most of us can claim..
except, of course for some diabolical clowns in finance.
I don't understand why someone would down-vote this. Whatever, though. I'll just up-vote it an restore a little karmic balance.
Translation: "Systemic risk."
Translation: "We needed to do this to protect the system."
Translation: "It would have been much worse."
Translation: "It would have been much better, for you."
and in about 6 months.....
.... Nobody could have predicted this.
My take on it all is "We have to destroy the Yen to make way for the Asian Monetary Union" - which will come after the war, China will not be welcome, and all that gold we've been selling to them will be erm, liberated.
Shouldn't that be "we had to save the Japanese banksters by destroying the Japanese people."
Nikkei just briefly went red. I thought they were up 300 points less than an hour ago. The wild swings continue.
Thankfully someone besides me recognizes "looting spree" when they see it.
Japan is being looted for banksters (and govt). America is being looted for banksters (and govt). Europe is being looted for banksters (and govt).
The end result in all three cases, currency collapse (from unprecedented printing to buy unprecedented debt). But they'll collapse together, carefully managed so one currency doesn't fall faster than others. Race to the bottom, but carefully managed so all three hit bottom togehter.
If you're on fixed income you're heading for poverty as all three currencies lose value rapidly now.
And yes a job is fixed income. Good luck getting any raises in these collapsing economies. Unless you're a CEO of course.
I think they are trying to save the country via monetary policy...at least for awhile longer.
Urogenital Ben
I think he'll rather go by BernanQE, Bennie BernanQE - or Mr. Q(E), for short.
You know if you just continually say the collapse is imminent..someday you might be right! Batting 1 for 1000?
And what exactly is your view on this?
Um, I just decided to let the milk run spit out. Everywhere.
Simple point - he's right.
Calling the down-side collapse is easy... Just keep yelling.
Doesn't make you smart or right.
Eventually everything does come to an end... That's called life
Jack-off, who thinks he's enlightened and informed
*sigh* I do believe the collapse is imminent
A mirror to our future is Japan.
"At this time I have decided not to speak," says Abe.
"And to clarify why I'm not going to speak, let me make a few points. Now first..."
Japan's future is a geta stomping on a human face forever.
Well then, make a pair...
JAPAN has arrived. http://en.wikipedia.org/wiki/Between_Scylla_and_Charybdis and of course this was the answer to "the answerable": http://en.wikipedia.org/wiki/Rubicon but this latter option is not available to Japan. It sure is to the USA though...
Yeah Cdad, I've followed Dan Norcini for a long time and he is not a pumper. He is trader trying to make a living in these markets. Today he said,
"Look at the volume surge when Bernanke opened his testimony and was QE bullish. Then, look at the complete reversal lower and the surge in volume as all of those who just bought the market on his early comments were forced to rush back out having been handed an enormous loss. As a trader I have to deal with what is, not what I wish were, but even saying that, this sort of perverse volatility is further evidence in my own mind that the Fed has destroyed the integrity of the US financial markets. They are now a mere playground with no useful or legitimate commercial purpose at this point."
Japan is screwed, but the Bernank is the cause of much of this financial destruction whenever he opens his mouth.
There is no longer any price discovery in the market. It is no longer even remotely associated with the economy. Fundamental analysis of stocks, when done well, is bound to hurt you on any position you take...as much as help you. Plug in thousands of computers firing off brave new HFT trading strategies, introduce the randomness of Fed commentary, and what you have is...a pachinko machine.
Ben Bernake's perversion of the US bond market is even worse.
Thank you, Ben, for this wasteland you have made for us.
It's all Obama's fault, waaaaahhhh!!!! Dang commies are everywhere.
All the big market crashes happen under the elephants.
"Now you listen to me, trooper boy! We got a swamp full of Black Russians drivin' boats to beat the band down here..."
~~~
~Sheriff JW Pepper
http://www.zerohedge.com/contributed/2013-05-23/biggest-market-sell-offs-history
Read the dates doorknobs!
What are you? Some kinda doomsday machine boy?
Well WE got a cage strong enough to hold an animal like you here!
TPTB don't seem to mind so long as the stock markets move higher and higher.
FUBAR.
Please not to worry. All is well.
Me: I am not crazy.
Me: Yes you are.
Me: Go fuck yourself.
Me: No, go fuck YOURself.
Then the double fisting happens...
We are in the double fisting phase of this insanity.
Never go full double fisting. Or as Mick Jagger may say, "I know, I'm only elbow deep but I like it, like it, yes I do."
I have to tell you all... in all seriousness.
I am damned glad that I got clean and sober many years ago, because trying to deal with this shit right now would really have given me the perfect excuse to drink and drug to escape the crazies.
This is insane.
Not only the doing, which history demonstrates manifold that it's gonna end serious bad... serious bad...
But the dissembling, media manipulation, perceptions management and propaganda efforts!
It is Insane!
No wonder people talk about the End of Days, planet Nibrus, the Apocalypse and UFOs and the like, For Fucks Sakes! They're being driven to that shit to in some way, to cope with the madness!
No wonder people want to just immerse them selves in Dancing with the Shit, overeating and the like.
They just want to escape!
Hell, we all come here to the Hedge to do the very same thing, in part, to keep our sanity!
Remember "blackout dialing"? Calling people on the phone while drunk? They had to tell you the next day what you had to say. I think there will be more "drunk commenting" here at The Hedge in days to come. I've seen evidence of it in a few posts I think. It's understandable. These days, like you, I'm glad I can not only remember where my car is, I can comment and don't have to research my own posts to read what I said the day before!
I call it PUI, posting under the influence...
My God! Are we ALL ex drunkalcoholics here!
Canary. 5yrs
ex?
Nope. I'm aspiring to become one...
"Hell, we all come here to the Hedge to do the very same thing, in part, to keep our sanity!"
~~~
Yeah ~ Now that the 'CheesePopes' have found a way to stifle free speech, [globally], by waving some papers around from a little shithole in Switzerland, I feel much more... Ummm. SANE!...
Can you explain cheesepopes? I'm a little slow sometimes.
Sawyer is angry because the Tylers will no longer let him spew his racial shit. Cheese seems to be a code word for the Swiss, whom he imagines forced the racism ban.
I see. Thanks, I would have never figured it out.
Exactly! Just remember rehab is for quitters.
I'm not an alcoholic, I'm a drunk. Alcoholics attend meetings.
No kiddin'. My alcohol consumption has increased exponentially since I discovered ZH.
The world is is fucked, and we're stuck on it.
I basically only drink heavily when my hippie parents try to give me advice. They were too busy to raise me (grandparents did) yet they think they have something teach me. As far as the world goes, I'm prepped, smart and ready to kick ass into the future.
... so, you think wasting your money on alcohol will fix it? ... or ... anything?
The KKK have certainly got you where they want you. Sheesh....
Dog help your family...if they haven't already fled!
Congratulations... we are many more than you might guess :)
Looks that way. 7 years.
13 here.
Yes Rocky, I do remember that nightmare.... not well, nor fondly, but with a sense of trepidation of the damage wrought. The lack of clarity, the ego centric ministrations and utter hopelessness of finding I was not in control.... The "You'd drink too if you had my ....."
Indeed, what you see happening, I do also, and not only here. There is becoming an effort amongst many to really wish they were fully again immersed in the blue pill environment... finding escape anywhere they can. It is difficult at times, to be aware.
And some of us do indeed find solace in this fellowship, so to speak, in spite of the damaged, the pretenders and the trolls.
And amazingly, it is indeed gratifying to be able to reference old comments here, writings elsewhere, shares and discussions and never ever again have to worry about what I'd said in the old manner, for today is founded upon principles, not personality. Indeed, even amends are few and far between, but engaged in joyfully for their redemption and surrender.
We are blessed.
I cannot imagine dealing with this in the old manner.
K
Awesome, man. Hats off.
Don't get too dewey eyed... You used to be able to say what you wanted on FIGHT CLUB...
~~~
Now you have this:
http://www.zerohedge.com/help/report-offensive-comments
and this:
http://www.zerohedge.com/help/notice-racism
~~~
As if ~ you know ~ Questioning "Who prints the money", [assuming it doesn't just print itself from within the confines of a limestone edifice], is 'racially discriminatory'...
"Oh for fuck's sake" ~ Inn't that how it goes these days?"
The tipping point where ZH is no longer "zero" hedge, for they have hedged comments on those two matters and thus conformed to the existing paradigm of "political correctness".
Like the fictional character of the movie in question, they've shot themselves in the neck and cut themselves short from the humble origins of this site (nevermind my account registration date, I followed the site off and on prior to that).
"Cold wind blows, the Gods look down in anger on this poor child..."
+^^
Great post K. Only thing I'd add is that the red pill is overrated. Many of us wish we could puke the fucker up. But you can't. It's a permanent state of being.
Quitter.
Sadly I do remember that. Woke up one morning with a huge dent on the side of my face because I passed out with my head laying on the phone. Amazing that you can sleep with that "off the hook" sound the phone makes blaring right in your ear.
Ah, the "good old days"
i will drink to that! As a matter of fact right now..
"No wonder people want to just immerse them selves in Dancing with the Shit, overeating and the like. They just want to escape!"
It's as if people's will to survive has been cut out. Or drugged out. We're about to get hyper-inflation in Darwin Awards.
Knukles (and Tyler) be chill. They aren't talking to you, they're talking to the machines. The machines can't tell truth from lie, they just accept what they read. This fact alone explains most of the BS that roils our blood each day. If the BOJ says they will buy this much the algos will ramp. They don't actually have to buy squat because tomorrow is the infinite future away when you think in nanoseconds.
Kudos to you knukles. We love having you here. This shit keeps getting deeper and deeper. At some point,, all that will be left is us as "Brothers in Arms".
Thank you to all of you here.
You are my grounding, my information,
and great humor.
I just want you, and all of you, to know when I parrot you all out at our show trials, that I only did it for the shower, the offer of the two bottles of vodka and a night with a girl. Nothing personal. Just the coming new normal, gov run market in people's enemies. Quotas. Production. You understand.
When you turn on us we'll all be hoping she's diseased. Nothing personal you understand.
Good post -but don't make fun of conspiracies and UFOs.
+1 knuckles for dancing with the shit. exactly what it is.
Love your post +1111 Thanks!
beat me with a fuck stick til my morale improves seems to be a good attitude for these times
A cold beer was looking good last night. But, I reached into my Toolbox and turned it down. Who knows? If I had drunk it, I would be back in stawks.
Baffle em with bullshit.
What could possibly go wrong?
Well...I do believe the first thing that will go wrong is that the Japanese banks that own these JGBs will be crushed. After that comes the effect of rising rates on the government debt, which can very quickly get to the point of consuming all of its revenue for interest and debt repayments.
After that, things get really fun...as all the oldstes in Japan suddenly realize that their bonds are getting more and more worthless every day...which will, of course, hurt the domestic economy. Simultaneous to the plunge in the value of their retirement funds, their currency will be falling, thus reducing the oldsters purchasing power even further...compounding the negative effect on their domestic economy.
At some point in this whole tragic tale, the Japanese people will actually figure out that this Abe fellow has no clue what he is doing, which will quite likely time out well with Japan sinking some nosy Chinese ship in their territorial waters.
And after that...well, we all know the rest of that story.
https://en.wikipedia.org/wiki/Seppuku
What's Mandarin for 'Enola Gay'?
No need for bombs though, they can just http://www.youtube.com/watch?v=FXWSs2phjWk
http://www.youtube.com/watch?v=DI3yXg-sX5c
Low birth rates are the death knell of a society. This documents the Japanese predicament:
http://www.youtube.com/watch?v=IwUIKDTErNo
Well I for one, am willing to sacrifice for Japan,and help them out in this horrible predicament if they will only provide plane tickets, room, board, blow and onna no hito-tachi...
maybe just the death knell for the stupid old folks who allowed this to happen. The young folks may just take matters into their own hands. Screw their ignorant parents. They may just cut off their medicare, social security and let them die. Hyperinflation may be the best way to do that -violent revolution may help also.
Sorry, but the criminals of government and their bankster masters stealing everything and then some is the death knell of a society.
With Japan it will be most obvious because most of the debt was funded, stolen, from the Japanese people's savings.
Going to be interesting to watch the Japanese people's response when it comes.
Aka Italy
This is going to take a lot of popcorn, but I'm saving the booze for the end...
The end must be getting closer.....
Nikkei 20,000!!!!
Nikkei 200,000,000,000,000,00000000000000
Reminds me of:
"Vice governor of the People's Bank of China Yi Gang said Wednesday that the country's gold reserves now stand at 1,054 tons, adding that a massive increase is unlikely in the future." http://www.chinadaily.com.cn/bizchina/2013-03/14/content_16307713.htm
Meanwhile...
http://www.zerohedge.com/news/2013-05-08/chinese-gold-imports-soar-monthly-record-insatiable-demand
Aka Greece
Aka Ben
Aww, leave poor Abe alone, he has irritable bowels. Can't we go back to making fun of Bitcoin?
American Abe was the death knell of the Republic.
Japanese Abe is the death knell of their economy.
but didn't Abe free the slaves and destroy the evil white southernors?
"ABE" is Japanese for "Bernank"
ABE stands for Always Be Easing...
Abe Buys Everythang.
Charles Evans "escape velocity"="how fast can i run before the SHTF."
Keynesian endgame.
Economic kamikaze
You are more right than you might think. You know "kaze" is wind, and in that word "kamikaze", the "kami" is divine or godly. The character for "paper", however, is also pronounced and transliterated as "kami".
Thus, "kamikaze" could be "paper wind". And it is.
lol
China will load up on more Japan stocks and play Abe.
You never go full retard.
+1 for that GF. Nice one Tyler.LOL
So their government officials are just as insane as their central bankers?
Where have I heard this before...
Where haven't you heard it? They're all sick puppies.
They are the same.
Gooberment as we know it couldn't exist with out their creation, fiat, fractional reserve banking. And vice versa.
Surprised you lasted this long Tylers-- tolerance is admirable or perverse? ;)
I'll take perverse for $100, Alex.
(drooling, accompanied by fast skin flapping sounds)
That type of messaging seems to be exactly what investors want.
Nikkei is up like 3.5% or something. Buy buy buy!
When you pay for a hooker, you want her to say that she is enjoying herself, even if you don't really care what she enjoys. Same principle applies here.
So does this mean that japanese gubbermint bonds are still crashing? [/sarc.] [/snark]
Not insane at all.
It's PROPAGANDA. It worked for 7 decades in russia and 4 decades in eastern europe.
It's been working for 5 decades in cuba.
PROPAGANDA
how long has it been working here in the states?
Since 1776.
in the 1800's New York City had over 200 newspapers. hmmm. i wonder why that's no longer the case...and who's responsible. anywho...insofar as Japan is concerned..."it is a very closed society." that's what's called a pre-requisite for...
http://www.japan-talk.com/jt/new/why-its-difficult-to-get-an-apartment-in-Japan
Propaganda with gun-barrels.
Somehow I don't think that little katana will be as impressive, but you never know with the permanently cowed Japanese populace bleeding into their depends.
Not insane, just preaching to a retarded choir.
More likely that Abe is lying. Agree on the impunity part, that might change though.
The end times are near
The more unbelievable and insane the lie, the more likely it will be accepted by the sheeple. If they put a positive spin on this bull shit, it will be eaten by the masses. Bullshit is the next bubble, get your bullshit now while it's warm!
A government buying its own debt is really like a dog eating its own vomit.
Proverbs 26:11
Japanese PM Abe says Japanese government finances in very dire condition and will map out fiscal reform roadmap in upcoming policy
600 billion ¥ = 5,836,956,000 $
300 billion ¥ = 2,918,478,000 $ *For accounting purposes ;-)
how'd your AUD trade go? You called it a few back from memory
So a correction lasts less than one day now, right?
How is that a correction?
I mean on my math test if I put 4+4=6, my teacher would correct the mistake and tell me 4+4=8. That is a correction, what was wrongly valued becomes properly valued and the proper value is supposed to stick.
If I go ahead and write 4+4=6 on my test again the following week, the teacher is probably going to ask what's wrong with me. I don't think an answer of, well Bernanke has been telling me 4+4 can equal six, so I am not wrong will suffice.
The whole stock market correction nonsense drives me crazy. All the talk of a 10% correction is needed to clear out doubt so the market can once again move higher. IF THE 10% GREATER VALUATION WAS NOT CORRECT, HOW CAN IT BE CORRECT A FEW DAYS TO A WEEK LATER WHEN IT HITS THAT VALUE AGAIN?
How do you find fair value if the value constantly changes based on nothing but bullshit rumors and jawboning? The answer is you can't, so the entire thing is bullshit.
All I see is insanity. Netflix insanity, $250 a share again? Nat Gas insanity, $.40 cents up in a week heading into summer, really?
As a logical being it really makes me want to go postal. I'm pretty sure if the stock market existed when the Vulcans found humanity in the Star Trek universe, they would have followed first contact with a bomb big enough to destroy Earth forever.
my advice to you is to give all financial and geopolitical sites a long rest and take up minecraft. so refreshing.
Just watch out for virtual hyperinflation.
There was NO correction, if you are referring to Japan, it was a controlled, very well played attack on Japan's bond and stock markets by China
ref: start of trading 23rd May
Evey trader knows that Japan has a stock bubble, but you get a insane BoJ on a print run from hell the Nikkei WILL be bid. But heres the deal, say Japanese own close to 90% of their own bonds on bank balance sheets, the BoJ buys stocks for the pensions funds of Japan. How do you wreak that play? Easy, Japans biggest creditor is China, they own the 9%+ of JGBs, also they can buy up ETFs on the Nikkei. You dump the bonds first, cause a yield panic. That happened. Nikkei still was bid, some early selling, but not much, then you dump a ton of Japan bank stocks. Viola! You engineer a crash, it would have torn chunks out of the book value of JGBs on balance sheets, sent sell signals (stocks) through to brokers to cover losses etc etc etc, it was a surgical hit on markets, not a correction. BoJ then does their predictable thing (print) and we have the ranges as this point in time.
That's just the fine-art of making something look like nothing, and nothing look like something. Never fear though, the Law of the Conservation of Nothing is never actually breached, nothing does in fact remain nothing, in every instance. And something does in fact remain something, always.
Clearly, you've never heard of something for nothing
There's no such thing as a 'free-lunch'.
Conservation of Nothing is always maintained.
Mr Market suffers from manic depression.
"I was a was a kamikaze pilot
They gave me a plane
I couldn't fly it
Taught how to take off
I don't know how to land
They say it doesn't matter and I just cannot understand"
-Hoodoo Gurus
They used to shave their foreheads and drink a toast of sake just prior to boarding their fighters. Shave their foreheads, who does that??
Since it's too cold to grow Bannana's in Japan I guess this make them a Rice Republic.
They grow bananas in the Okinawa islands.
Tennouheika Banzai!
Abe says that he's not "directly" buying government debt, and that's true in the techincal sense, as he's buying through intermediaries. The Fed does the same. It's a thin, mostly semantic veil that grants a modicum of shame to the monetization of debt.
A hundred yen to the dollar. So, Abe says he's buying around nine billion dollars in bonds. Given the New Normal, this doesn't seem to depart from the norm in major economies: Ben's buying eighty-five billion this month. Japan's debt is over a quadrillion yen, so a few hundred billion yen here or there is like adding one more french fry to an irradiated Krispy-Kreme Double-Down fatburger.
"Krispy-Kreme Double-Down fatburger" and a diet coke please.
Where is MDB_?