- advertisements -
Why would they buy EFSF bonds when they can buy bonds in re-emerging currencies tied to single fiscal policies of same in about 6 months?
The Chinese are not dumb, and of all things, they are known for being patient.
Because the big Panda is long about 1.1t of that superlicious Eurobamboo that will gap to the 30% to 40% recovery level, if they pulled the plug. It is pretty obvious that the socialist welfare states have spent all their money. They were funding itself with US MM funds (Northern Rock anyone?). And now that this market has dried up, all they have left is selling all their IG jewels, and hope it's enough to forstall nationalization. Can anyone say "Perastrioka":)
How much do they need to meet capital requirements? €3 trillion? Or was that the whole shebang; sovereigns included?
They are going to lever up the EFSF.
Which is the functional equivalent of getting a Rent-A-Center customer in default on their Plasma Screen $143 per week payment plan to sign another personal guarantee pledging that they "really, really, really are going to seriously catch up with their payments."
It should work.
Sort of, but worse than that. It's like giving them another loan so they can make their $143 payment with borrowed money.
This is true.
They'd have to agree to double their payment and sign up for automatic deduction payment from their already overdrawn banking account before being allowed to sign the "cross my heart" repayment pledge.
this is why there is such a critter as:
double secret probation
I thought it was double super secret probation.
It's double penetration.
It's 'double top-secret probation.'
You forget ultra corrupt. The first known failure of a paper currency Ponzi scheme occurred in China during the 13th century.
I've said it for a long time...Sun Tzu, bitchez.
SEC-DEF Gates (ret.) "The Debt is the biggest threat to US national security"
Joint Cheif Mullen (current) "The Debt is the biggest threat to US national security"
So, why can we not have a War on Debt? Let the military occupy Wall St. for a while.
current and former members of the US military support Ron Paul more than all other candidates combined.
"Nearly all men can handle adversity, if you want to test a man's character, give him power."
Well at 8%, it ain't gonna happen, Herman(Big Lead Herman), just pulled a whopper.........the most knowledgeable/capable man on the A Team (Besides Ron P), just THREW the RACE card.
Now, he has some issues I do not agree with that could have been worked out.(w/his fiscal plan)
NOT NOW. When your ACCUSED(not proven ) of something you do not LOSE it, and you do NOT throw the race card.
He just lost my vote, and likely many others, this PC shit,makes me earp.
Looks like I picked a good month to short Treasuries.
right on right on !
Sun Tzu at high Noon~
Allow me to show you how the Algos read the china headline:
“there’s [no]strike] concrete plans [yet so it’s too early]strike] to [talk about]strike] further invest[ments]strike] in these tools,” Zhu Guangyao, Vice Finance Minister
The best way to read the china head lines is sideways
like they'er truth telling
"everything behind the facade is falling apart".
It's about time. Good night insolvent banks. Too-da-loo liar Benocide and Geithner.
Welcome to jail, Mr. Corzine!!!
In a week, the entire world could change as the zombie banks will finally meet their maker. Here's hoping we have arrived.
Teheran banks might meet their maker first
UK military steps up plans for Iran attack amid fresh nuclear fears
Yup. They've got Weapons of Mass Destruction.
We're going to have to invade to .... Y'know, I've forgotten but I'm sure it was a jolly good reason.
Something about invading to protect our freedoms? Or something.
The phrase you're grasping for is "Protect Civilians".
Quote: http://www.guardian.co.uk/world/2011/nov/02/uk-military-iran-attack-nuclear Unquote
So, will US strike using collapse of Europe as cover, or will Europe collapse using US strike for cover? Good grief, it's keystone cops.
first, we freeze their assets
Then their shit backs up.
Warmers and Ex-lax in great demand.
Say what you want about Shari'a Law, but compared to our 'lawless' society.... at least you know where you stand with them, the Iranians, radical muslims, etc.
Maybe so, but I would have had a hand or something worse cut off by now, so I'll stick with our "lawless" society and maybe have a chance to be part of the change for the better.
in order to keep the euro ponzi scheme alive treasuries will get dumped. a lot of ppl are bullish on the dollar. i'm not so sure. my gold is looking pretty shiny today though
Gold is now the default option. And some FRNs. Be armed to protect what you have.
Good one. I see what you did there.
Can ZH stop dealing in "reality" please. I am too busy ramping up my equity exposure as some people on CNBC just said that equities were undervalued.
As soon as the dollar drops in value your equities will rise. They are presently undervalued because the dollar is so over valued at present.
Can someone remind me again, what's the necessity of insolvent banks? What purpose do they serve in our economy?
Again, no banks = no loans = no business = no jobs. Congress gets re-elected on jobs, Jobs, JOBS! k?
Would be interested in hearing which banks are currently lending to small businesses.
This economy needs to purge the leeches and parasites: The BANKS. Until then,
"they terk err jerbs!"
Only small community banks lend to small business.
Maybe there's a missing piece... no savings = no investment = no banks = ...etc
-8? wtf, you guys are crazy.
-12 now, and climbing...
I'm down voting because all the other kids are doing it.
I guess thats where QE comes into the frame...
They hold many toxic assets which if released into the environment could be detrimental to human wealth.
They hold many toxic assets...
They hold many toxic assets...
no.. they don't. FED bought them all and paid 100% LTV.. 2 Trillion worth.. Banks get paid to "service" those "assets" on the FEDs Black Hole Books.
Which we'll never see.. F.U. FED!
How does anyone know? Neither the Fed nor the banks produce trustworthy books on which to base such an assessment. Maybe they're sound, maybe they aint. Their silence, however, speaks volumes
The Fed did not buy them ALL. 2 trillion is big but it's still just a drop in the bucket of the banks' exposure. The big banks are most definitely insolvent.
Tips: tips [ at ] zerohedge.com
General: info [ at ] zerohedge.com
Legal: legal [ at ] zerohedge.com
Advertising: ads [ at ] zerohedge.com
Abuse/Complaints: abuse [ at ] zerohedge.com
Advertise With Us
Make sure to read our "How To [Read/Tip Off] Zero Hedge Without Attracting The Interest Of [Human Resources/The Treasury/Black Helicopters]" Guide
How to report offensive comments
Notice on Racial Discrimination.