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Japan's Words Of Advice To Doomsayers: "Please Do Not Worry" And "Maintain Fiscal Discipline"
Six months ago, Japan's message to the Kyle Bassians of the world - was simple:
Q. If Japan has a financial collapse, what will happen to its government bonds?
A. Please do not worry.
Uhm, Ok.
The somewhat vague, if very reassuring, warning above has since been revised to provide some additional "information":
Q. If Japan fell into a financial crisis, what happens to government bonds? [note the slight change of "financial collapse"]
A. If you lose confidence, government bonds will fall due to a rise in rates. There is a "possibility that trouble may occur." And to avoid such a situation, "maintain fiscal discipline."
Well, we for one, feel much better already...
Source: Japan Ministry of Finance
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"Please do not worry".
Its fucking hilarious. LMFAO
Well.....they did say please.
Awesome. The answer to this whole problem is Celexa.
Tell me to carry on and someone gonna wear a watermellon.
"Please Do Not Worry" And "Maintain Discipline"
Wasn’t that what the Kamikaze pilots said after they drank the shot of saki ?
DON'T PANIC
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Is it time to break out the Kyle Bass Greatest Hits?
I think it's time to break out the.....
Fuck you Abe
and Fuck you Kuroda
Paging Mr. Bass, paging Mr. Bass, cleanup on aisle Nippon.
"Maintain fiscal discipline", says the government that's printing trillions of Yen. Priceless!
Yup. Do as I say, not as I do.
The teaching methodology of tyranny.
So.......what they're really saying is: BTFD BITCHEZ!
Did someone translate that with a Cap'n Crunch Decoder wheel?
Japan prints Sumo style. Carnivores tear at its economic belly with long nikkei, short yen trade. When enough bagholders enter the scheme, they flash crash it. Japan responds by printing another $20 billion distributing it into the market to stop what must eventually be a catastrophic slide.
Just amazing the free money completely divorced from any wealth creation at all. Expert pirate looting. Yamato kinyu to Yamato gunkan no owari wa onaji da.
Why even make the pretenses. Shut down all the financial institutions and cancel all instruments. Create debt money and hand directly to cronies and financial terrorists.
The yakuza must be in awe of this global nuclear threat of the financial syndicate. Ultimately though, the IOUs will be what they say they will be, the currencies will be printed increasingly to meet every exigency and deficit. What is to stop them from printing to the largest conceivable number now? Nothing except that the rubes would not be able to be milked to the bitter end.
What is wealth when it is no longer tied to liberty, creation, and careful husbandry? The pirate's dungheap.
The next step in the scenario is depicted in the comic on the link.
http://worldcomplex.blogspot.ca/2012/09/japanese-financial-minister-found-dead.html
Dupe
Way cool !!
Gotta hav'em for gifts -
Who, who?
The Bernank already has a pair, and Obummer, and ...
Foo - may wind up giving them to the dog -
PRETTRY PREASE!!!
Yes Cpl Jones (h/t to Dunn, Croft & Perry)
"Duck and Cover"
No, NO! "Duck and Cover" is so last century. Now we "Shelter in Place!" (when ordered).
http://oem.readyphiladelphia.org/RelId/607412/articlepage/2/isvars/defau...
We need to take our cue from Wally Wise Guy
The Shelter-in-Place TurtleWally is wise because when there is danger outside he goes inside his shell.
+42
Keep Calm
Buy GOLD
SWEEP THE LEG!
Send Him Home in A Body Bag Yeeeeeeah!
Wax ON
Wax OFF
OT: Hey what the hell is up with GOOGLE today?... They have this 'illuminati' looking artwork bullshit going on for their logo...
When I go to google, it has a mounty and a "140th anniversary of the north-west mounted police".
saki? how bout a meth injection?
Laugh all you want, but ever since I went all-in on JGB I've been incredibly successful dating Japanese women.
Granted there's only 2 within driving distance, but a swaggering Yank with a swelling portfolio of Japanese paper is a huge turn-on to the Asian ladies!
Maintain fiscal discipline... just like the Japanese government has all these years, with its trillion Yen deficits.
The eye-popping mendacity of these fucks is just... erm... eye-popping.
"please" does not carry as much wieght of trust as... "with all due respect"....than thats to the bank....
heavy metal. "ain't no please and thank you" there. Andrew Mellon and US Steel. "the law of the seas" exists because...should some policy wonk wish it..."10,000 ships under a single flag make it so."
Why worry? China slowing, Japanese interest rates rising, Nikkei down 7.3%. This guy has a good summary.
http://confoundedinterest.wordpress.com/2013/05/23/bernanke-hints-at-pulling-out-early-china-slows-nikkei-swoons-7-3/
It's just a flesh wound.
Government bonds are good enough, their strong enough, and doggonit people like them.
see... that's as good as money.... those are IOU's... add them up, it's all there.
Anybody else see where the Canadian Mint is issuing 1 oz. coins with a face value of $100? They are also selling them at that price and are nearly sold out! How's that for a little a.m. price discovery courtesy of your pals at TD?
They also have $3, $10, and $20 coins. If I buy a $100 dollar silver coin can I take it to a Canadian bank and exchange it for $100. If so, I'm buying!
So, you buy the $100 silver one ounce coin for $100, then sell it back for $100? Clever plan ...
How will you make up for the loss of shipping? With a 1 per household limit, you cannot do it with volume.
See this? That's a car, 275 thou. Might want to hang on to that one!
+1 for Dumb & Dumber reference
I double dog dare the BOJ to buy every JGB.
Just so Krugman will not be able to say they didn't do enough.
Has the fucktard written anything yet?
They're losing their value there.
"It's just a flesh wound".
I think it's time to bring out the dead parrot sketch when describing the BOJ's denial of reality.
Kyle Bass: "This market is dead"
BOJ: "No it isn't. It's just resting"
"It's just a flesh wound."
OR..as they say in the Emergency Room, "All bleeding eventually stops."
It's all Bullshit...all over the world!
Just looked at the home page for marketwatch.com, everything is red but gold...
http://www.marketwatch.com/
DaddyO
Wouldn't they say "Please do not wowwy"?
The Emperor has no worries. He's sitting on a massive pile of stolen gold from all over Asia.
The emperor is not wearing any clothes
Kevin Bacon in Animal House: "Remain calm! All is well!"
In their hive mentality it actually works, spent a fair bit of time over there in the last two years.
What about Mr. Miyagi's "Banzai!"
Let's just call it a day.
A. Please do not worry. (Radiation is good for you. <-- Section deleted from cut and paste from energy commission answers)
"Experts" agree:
Ann Coulter Says Radiation Is Good For You
http://www.youtube.com/watch?v=FXFUUGeV1DI
Experts agree: Ann Coulter is bat shit crazy
and unfuckably ugly
Up to 10% of invasive cancers are related to radiation exposure, including both ionizing radiation and non-ionizing radiation.[1
http://en.wikipedia.org/wiki/Radiation-induced_cancer
Time for a Japanese proverb
"Romaji: Saru mo ki kara ochiru
Literally: Even monkees fall from trees"
That's good.
Also, a Chinese proverb from Sun Tzu might be good to keep in mind in this case: "When the thunderclap comes, it is too late to cover the ears."
Remain Calm - All Is Well!
Don't worry, be happy
What, me worry?
More CNBC insanity. They need to fire the webmaster that writes their headlines.
Gold Slips on Hints of Fed Slowing Bond Purchases
(and right below the headline we read the cold hard facts)
Gold $1387.60 +20.20 +1.48%
On Reuters...no mention of the little kerfluee in Japan. Traditional media is dead. Long live ZeroHedge!
Gasparono(sp?) was on Fox this morning, only talked about IRSgate, not a peep about the markets, seems to be a 'see no evil' morning so far.
Cdad,
i feel let down by ZH about the HKMEX story.
B, The story was covered by a contributer, also many, many of our fellow ZH'ers posted links throughout the day that broke. It seemed to be a story of a bad business model, selling paper in a market (the east) where investers want phyical.
I know, just wonder why. always thinking TPTB got control of this venue.
just because someone gives you the "heads up" (say with a pop fly in baseball) doesn't mean you see the thing. we had a "tack" which i ripped into here...simple 5 sentences that low absolutely implied Japan was about to have a huge down day. you also have all the (ridiculous) talk of a "short squeeze in gold." (who's on the other side of that trade dipshits???!) still...while i smelled this one out i didn't actually "see" it...i was too busy focusing in on how gold was going to get annihilated quite frankly...and not the public statement of some "obscure" Korean official who suddenly start bitchin' about our Fed. "the gig was up" and ZH knew it. i do agree every other MEDIA OUTLET has poo-poohed this entire thing as a "nothing burger." i'm a bull...i'm poo-poohing it as a nothing burger "in the money context." but i have TWO hats here as well...the second being a Washington DC one. (i like taking things to extremes.) so i've pondered "how will this reflect in a policy sense down in the District?" and certainly this is no small deal since in effect "that's our jobs program right now" given that all New York City is doing is screaming "give me my money back." maybe if they respect zee authoritees a little more...
RT will cover it. Wait till Max Keiser gets his teeth into this Japanese money printing whore house. Last show of his he was attacking the insane Japanese fiscal system.
I checked CNCB website early this morning, they have little to nothing to say about Japan. The headlines were about Bernanke, as usual.
The US financial media basically follows Bernanke around. That's it.
this is a very complex issue involving the use of "new media techniques" as well...so no, i don't think this will be..."appropriately" covered. ZH is the best you will get...on the planet. Period. trying to get "insight" or "saliency" of the event...well, you only get that from me.
im still proud to be an american, i served in 1973, 1st/71stADA and i hate to say it but Al Jazeera is free speach prone also.
At least until the ministry of truth either Bitchslaps it or Drones the Tylers...
+1.21% right now on GLD and changing as I write very fast (1.21% to 1.78% in seconds).. Lots of activity on the paper metal??
Huge very high volume fights on SPY too, they just traded over 2 million shares on a down movement in one minute at 10:00 followed by 4 1 minute volume trades over 1 million in up motion. Big POMO intervention under way...
How do say holy fuck in Japanese?
Sounds just like the door under the hangmans noose opening.
Hory fukk
Sounds like a real life Monty Python and the man with no arms and legs
"'Tis merely a flesh wound!"
https://www.youtube.com/watch?v=dhRUe-gz690
'tis but a scratch...
You've lost your arm you stupid bastard!
'Ol right, we'll call it a draw.
Oi come back here!
I'll bite yer fucking legs off!
I am trying to figure out if Japan is being used as an Guinea pig or as an example. In any event, Japan is getting buggared by the globalists ... for what reason we can only guess.
Just the first penguin off the iceberg being eaten by a killer whale. Eventually another one will get hungry enough to jump.
1/3 of the island is a Nuclear waste zone. The demographic bomb that was in a slow motion exlosion has also sped up. Those with meaningful amounts of invested capital in Japan are and have been exiting gracefully. The only way that the JCB could cover it would be to print like mad. And they are.
The rest will be written off in time.
I would guess that they will rescue this drop to show that "all is well". It should serve as a very strong warning though.
"All" is most definitely "not well".
Maintain disciprin bitchez!
I wonder who they might have been referring to when they said maintain fiscal discipline.
Shouldn't this be labelled 'Thursday humor'?
Oh wait, they are in fact serious about this.
Because entropy rules the universe.
Did someone change the HAARP hotline?
Ahhh...so. Yep, feel better already. Sake for breakfast.
"I Would Recommend You Panic"
Hugh Hendry comes out with some classics from time to time...
Kyle is loving life....
this should be under Thursday humor section...........
Reads like a nursery school story
First guys out of the doors, win.
Q: What do you name a girl with one leg shorter than the other?
A: Eileen
Q: What do you name the same girl if she's Japanese?
A: Irene
what's a japanese man's favorite holiday?
erection day
ROR
That's onry a horiday for democrats.
raceist asshole.........just remember, its Ok to talk trash about the japanese just not the JEWS
right divine wind?.............one rule for the JEWS and a different rule for everyone else.......
DCG,
What a child.
I take it you were long (rong) Japan?
These are harmless jokes. Even the Japanese themselves joke about these phonestic issues.
I sense a whiny, overly sensititve liberal behind your written words.
A NeuCastrati?
Grow up.
you JEWS make me sick to my stomach..........one set of rules for you and one for everyone else.......
Growing up, there was a gentleman named Richard and his wife Eileen. Last name Fake. And he went by Dick.
Phonebook entry:
Fake, Dick & Eileen
Poor Nolene didn't have any legs...
I know that girl...BIG ass...went all the way to the floor.
left snail tracks, no doubt
;-)
Below is lyrics from one of Wales' most famous comedians from the '70's, Max Boyce. This was actually mainstream entertainment!
You might not understand the rugby union (It's a sport) terms, but you get the jist!
Hilariously lacist!
We play Wales on Lugby Tour,
It long way from Tokyo!
Learn Cwmlonthaa if we can,
Teach to little chilan, in Japan!
Asso Asso Yugoshi - me welsh speaking Japanee!
In Penyglaeg we play first game,
Papers say we not to blame,
Papers say we not first class
Just not used to 5ft glass!
Asso Asso Yugoshi - me welsh speaking Japanee
Western Mail say that we too small,
We can't get no ball at all!
But we eat bamboo shoots to grow,
Fit platform boots on second low!
Asso Asso Yugoshi - me welsh speaking Japanee
But we build big new factolees,
Filled with plastic surgelees.
Next time we come you no laugh
We have 9ft outside half!
Asso Asso Yugoshi - me welsh speakig Japanee!
Next time we come from Japan
We'll have vely vely seclet plan
Seclet plan, man we can't wait Kung Fu we trained to be number 8!
Asso Asso Yugoshi - me welsh speaking Japanee!
Tommy David, he velly big man
None like him out in Japan!
But when we found, we couldn't stop
We gived him (click) Kallate Chop!
Asso Asso Yugoshi - me welsh speaking Japanee!
When we lost we did not floun
Geisha Girls wll lub us down
Gareth Edwards asked me please
Next time can he play for Japanee!
Asso Asso Yugoshi me welsh speaking Japanee!
So me buy plesent if I can
The wife back home out in Japan
She open box, find something long
Liccle Welsh doll made in Hong Kong!
Asso Asso Yugoshi - me welsh speaking Japanee
You'll get paid back it's just that what you're paid in will be worthless trash. Buy bonds (if you're an idiot)
Headline on the Drudge Report
BERNANKE 'SPARKS MASSIVE SELLOFF'
http://drudgereport.com/
1930? 1937?
Why am I worried? It's only a few quadrillion.
..."maintain fiscal discipline." Is that directed at the MoF?
For more on this issue, see this:
http://nipponmarketblog.wordpress.com/2013/04/25/japan-is-insolvent-but-...
Please don't freak out and go off the reservation. The gold market is already completely drained of supply.
Will that be the warning we get in the US when Russia steps into the Syria/Iran fray?
lol Those memos are hilarious. I almost spit my eggroll on my keyboard.
after my experience on the way to the office with dimwitted, self-absorbed drivers I need this laugh... The rest of the office on the otherhand, did not.
Markets can't fall. Pen the sheep in quick before they realize their in a slaughter house.
OK, free Xanax for everyone.
Isn’t this the point where someone is supposed to go to the ceremonial drawer and grab a tanto? or wakizashi?
Xanax sucks! Hand out free Oxy, then you will actually enjoy the collapse, what I'm going broke? Who gives a shit, I'm alright!
Don't settle for any opiate-based drugs! Man, isn't there any hemp growing where you live?
don't forget the maker's mark. and maybe some saki too
Red Pokiballs... Enjoy the XTC of the apocalypse! :-)
hemp doesn't kill off useless eaters as efficiently as opiates. OD now the leading cause of death 18-24 yo.
Where's Yen Cross .... this is his Baliwick .... sticky wicket .... area of expertise .... I'm just a peasant hoarder .... eating my pork 'n' beans .... under the bridgestones of life ! ....... Oh, there you are .... up there ! Down arrow me if you got a margin call ?
No margin calls. I closed my usd/jpy longs for a nice profit yesterday @ 103.03.
Make me wonder if the Dark Ages were not caused by the Roman coinage debasement leading to a trade breakdown.
no trust no empire
Thank you I do.
thats what they said first days of Fukushima as well, so its all good
We must take profits, the coke and hookers must flow this long weekend in the hamptons.
“If you can keep your head while others are losing theirs, perhaps you have misjudged the situation.“
Gustav Hasford, The Short Timers
Excellent reference; RafterMan gives you a big thumbs up!
"Mommy, why did daddy kill himself?"
"Because he was an ASSHOLE."
All risk must be eliminated.
http://www.dailymail.co.uk/news/article-2329519/Has-world-gone-crackers-How-THREE-police-officers-went-grandmothers-farm-just-warn-make-massive-Double-Gloucester-annual-cheese-rolling-event.html
Levity will no longer be tolerated, as it does not serve any useful purpose for the Collective.
Those coppers must belong to the No Fun League.
Free The Cheese!
Free The Cheese!
Limey riot in 3...2...1...
Do Japanese women still go for guys who invest in Japanese government bonds?
"....you need to maintain fiscal discipline" meanes, whatever you do, don't wipe your arses with our worthless paper and don't even think about buying gold.
Long harkikari blades bitches!
“You all need more disciprine! True disciprine come from within.”
you rack disciprine
http://www.youtube.com/watch?v=tdbORXEmbnk
I never ever watch CNBC, but I had to turn it on--FUCKING HILARIOUS. You can cut the panic with a knife...AWESOME!
Great, I'm home sick today. Will switch on CNBC and what the pretty little whores get all flustered!
Ha! Ha! On Business Insider's Lead Story "The Markets are brutal, getting destroyed around the world"
So, is the mask coming off the giant fake money printing world debt fuled economy? It is the DEBT! The world is flooded with Debt and printed money. The fiscal authorities in the USA have openly attacked both gold and Bitcoin. This was the FIRST sign of the coming panic!
I speak Japanese pretty well, and I generally understand the linguistic nuances that are so much a part of that culture. I believe that the average Japanese would read this to mean: we all know the Emperor has no clothes, but if you admit that, we're all screwed. This is actually pretty strong stuff from a Japanese perspective. I may be wrong.
Yesterday Tyrer pointed out the record number of gord shorts stacking up.
Whire the manipurators have yet to have a chance at the tabre this fine May morning, I suspect there wirr be many hurt by overnight deveropments.
They Better Pray There Is No Short Squeeze...
http://www.zerohedge.com/news/2013-05-22/they-better-pray-there-no-short-squeeze