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Fed Made Decision To Bail Out Europe On Monday

Tyler Durden's picture


It appears that the Fed decision to bail out Europe was not made this morning, or yesterday, but on Monday as per the following two headlines:


It also means that the decision was leaked on Monday, and explains the relentless surge in stocks since then despite progressively worse news out of Europe. Q.E.D. - a plan so good Hank Paulson could have leaked it to his hedge fund buddies.


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Wed, 11/30/2011 - 12:05 | 1930396 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

No oversight, bitchez

Wed, 11/30/2011 - 12:08 | 1930424 greased up deaf guy
greased up deaf guy's picture

i quit this market. i'm taking my ball and going home.

Wed, 11/30/2011 - 12:09 | 1930434 redpill
redpill's picture

In the immortal words of George Carlin, "It's a big fuckin' club and you ain't in it."

Wed, 11/30/2011 - 12:17 | 1930491 max2205
max2205's picture

I am sure 535 people at the highest levels of Govt were told and loaded up on TNA calls

Wed, 11/30/2011 - 12:22 | 1930529 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The new interest rate, of the world, is the overnight interest rate of the Federal Reserve.  The Fed just set world monetary policy.  We now have the dollar as not only the reserve currencie, but the only currencie.  We now have a One World Currencie controlled by the Federal Reserve.

When John Davison Rockefeller and John Pierpont Morgan sat down at the turn of the century to discuss their future goals for world domination, they had this in mind.  How apropo that the Federal Reserve is almost at it's 100th winter?  The most dangerous fire is always the slow burn of a brush fire.  When the trees are torching, we keep the line at a distance.  When it is a mere little fire, we become complacent, and are not ready for the likely gust of wind.  Brush fires move fast, and complacency kills.    

To understand the goals of the Federal Reserve Charter, a poem from the great J.R.R. Tolkien:

One Ring to rule them all,

One Ring to find them,

One Ring to bring them all,

And in the darkness bind them.

Wed, 11/30/2011 - 12:27 | 1930552 King_of_simpletons
King_of_simpletons's picture

This weeks surge was attributed by the jokers in the Press to Black Friday spending, Cyber Monday splurge, consumer confidence increase, JPM analyst's S&P 1350 by year's end and Santa Claus rally. Too many different ways to say that Fed is evil.

Wed, 11/30/2011 - 12:34 | 1930582 hedgeless_horseman
hedgeless_horseman's picture



The Fed just set world monetary policy.



Fifty years from now, after the resource wars, Bernanke will be a National Hero.  We'll probably celebrate Bernanke Day!

Wed, 11/30/2011 - 12:35 | 1930643 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is already drinking in celebration this morning.  I wonder when his biography is writ, if the author points out he went from an academic to a cut throat bankster.

Wed, 11/30/2011 - 12:47 | 1930776 CORNGUY
CORNGUY's picture

I think its more likely he will be publicly executed.

Wed, 11/30/2011 - 13:36 | 1931092 Fazzie
Fazzie's picture

 But they dont front-run just ask them! You see their broker handles all that investment jazz gosh the pols can hardly recall just what stocks they hold anyway because they are so busy doing the peoples work!

  Heck if it was a big ethical problem it would be all over CNBCs headlines.

Now watch for certain congresscritters, having flipped those TNA calls for 400% profit, lash out at the Fed for bailing out Europe.



Wed, 11/30/2011 - 12:58 | 1930892 Odin
Odin's picture

"The term “conspiracy theorist” is a label used by the establishment to dismiss the idea that powerful people might get together and actually plan anything"


                                          -George Carlin

Wed, 11/30/2011 - 12:10 | 1930439 EscapeKey
EscapeKey's picture

Sooner or later, you'll work out it never was your ball.

When they send the heavies to collect, that is.

Wed, 11/30/2011 - 12:31 | 1930595 SilverIsKing
SilverIsKing's picture

The charts showed a reversal on Friday.  Clive Maund called this move on Sunday and re-iterated a continued move higher on Monday after the +300 point close.  Charts do matter.

Wed, 11/30/2011 - 12:49 | 1930800 CORNGUY
CORNGUY's picture

No, they really don't.  The only thing that matters are information advantages (or, disadvantages).........

Wed, 11/30/2011 - 13:08 | 1930943 SilverIsKing
SilverIsKing's picture

That's my point.  Obviously, some institutions were trading with this information on Friday and the charts told the story.  I don't really understand charts and while the TA's didn't necessarily know why the charts showed what they did, they were able to discern that something was brewing to send the markets higher.

While everyone thinks that the action on Monday is proof that people knew what was going to happen ahead of time, I'd argue that some knew even earlier than that.



Wed, 11/30/2011 - 14:41 | 1931489 macholatte
macholatte's picture

I'd argue that some knew even earlier than that.


Think about it........ how do you get so many spokes of a wheel tied into the rim and hub without having the cooperation of a whole lot of people? Simple answer: you can't. The plan was certainly in the works for a long time and the negative press, all of a sudden NYT, FT and Bloomberg are publishing articles about imminent doom over just the past week or so, was all the justification they needed to pull the rip cord. Now they are heroes. The Euro has been saved. Long live the Euro. Fuck the American tax payer.

Wed, 11/30/2011 - 12:49 | 1930795 Upswaller
Upswaller's picture

Surprised the No MasTurbating troll hasn't weighed in.......

Wed, 11/30/2011 - 12:10 | 1930440 johnu78
johnu78's picture

The question we should be asking ourselves at this point is: Who's going to bail out the Fed?



Wed, 11/30/2011 - 12:13 | 1930469 john39
john39's picture

the new world bank, with digital currency backed lucifer's minions.

Wed, 11/30/2011 - 12:19 | 1930506 LawsofPhysics
LawsofPhysics's picture

According to the Federal Reserve Act, the U.S. taxpayer/citizen (employees of the corporation of these united states) is on the hook for the Fed's balance sheet.

Wed, 11/30/2011 - 12:32 | 1930602 hedgeless_horseman
hedgeless_horseman's picture



Correct.  Timmy signs the notes, but the co-signers/guarantors are implied by law.

Wed, 11/30/2011 - 12:31 | 1930593 Carlyle Groupie
Carlyle Groupie's picture

AFRICOM the new frontier.

Wed, 11/30/2011 - 13:21 | 1930930 Wasatch
Wasatch's picture

Gold, albeit at much higher prices.

Wed, 11/30/2011 - 14:25 | 1931375 Bansters-in-my-...
Bansters-in-my- feces's picture

The better question is"who is going to tear down the fed"..?

Wed, 11/30/2011 - 12:18 | 1930447 hedgeless_horseman
hedgeless_horseman's picture



No oversight, bitchez


The Federal Reserve Bank has responsibility for supervising and regulating banks. 

Feel better?


The Federal Reserve has responsibility for supervising and regulating the following segments of the banking industry to ensure safe and sound banking practices and compliance with banking laws:


•bank holding companies, including diversified financial holding companies formed under the Gramm-Leach-Bliley Act of 1999 and foreign banks with U.S. operations

•state-chartered banks that are members of the Federal Reserve System (state member banks)

•foreign branches of member banks

•Edge and agreement corporations, through which U.S. banking organizations may conduct international banking activities

•U.S. state-licensed branches, agencies, and representative offices of foreign banks

•nonbanking activities of foreign banks

Wed, 11/30/2011 - 12:38 | 1930668 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

The Fed has no oversight.  They are the keepers of the scroll, the decision makers.  No one enters the Temple, and all must bow and sacrifice before it. 

Stand back, layman, they could have your head.

Wed, 11/30/2011 - 12:13 | 1930468 DaveyJones
DaveyJones's picture

dodge ball does get progressively harder

Wed, 11/30/2011 - 16:23 | 1932051 Mauibrad
Mauibrad's picture

Go to Australia.

Wed, 11/30/2011 - 12:17 | 1930496 The Big Ching-aso
The Big Ching-aso's picture



Just in time for Christmas bonuses.

Wed, 11/30/2011 - 12:05 | 1930398 The Axe
The Axe's picture

JEFF  is the man....he knows that inflation will kill the small American..go JEFF!!!

Wed, 11/30/2011 - 12:09 | 1930435 GeneMarchbanks
GeneMarchbanks's picture

Not to be confused with JEF. Jef is (still) fucked.

Wed, 11/30/2011 - 12:14 | 1930473 CPL
CPL's picture

Jef.  The Man.  The Stock.  The legend.


All we need now is a script with the working title.

Wed, 11/30/2011 - 12:06 | 1930403 Irish66
Irish66's picture

Lesman is confused, interesting

Wed, 11/30/2011 - 12:09 | 1930432 surf0766
surf0766's picture

Tell him lube is in isle 8

Wed, 11/30/2011 - 12:13 | 1930462 Irish66
Irish66's picture

on european close, he keeps saying this doesn't help Italy

Wed, 11/30/2011 - 12:19 | 1930512 The Big Ching-aso
The Big Ching-aso's picture



Right next to sand.


Wed, 11/30/2011 - 12:06 | 1930405 hedgeless_horseman
hedgeless_horseman's picture



Circle of trust.

Wed, 11/30/2011 - 12:07 | 1930416 GeneMarchbanks
GeneMarchbanks's picture


Wed, 11/30/2011 - 12:07 | 1930417 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Circle of jerks.

Wed, 11/30/2011 - 12:42 | 1930717 Falcon15
Falcon15's picture

Circle jerk on US citizens.

There fixed it for you.

Wed, 11/30/2011 - 13:07 | 1930934 Carbon Penguin
Carbon Penguin's picture

So that's why people call me a cracker :P

Wed, 11/30/2011 - 12:06 | 1930406 zebrasquid
zebrasquid's picture

How come BAC was down most of the week, then?


Wed, 11/30/2011 - 12:08 | 1930423 Johnny Yuma
Johnny Yuma's picture

Because BAC will be "the example" this time. 

Wed, 11/30/2011 - 12:10 | 1930437 Hmm...
Hmm...'s picture

Not a chance.  BAC is clearly TBTF.

instead, the financier class will demand a massive pound of flesh before they'll buy that shit pile.

we can all pretend that German Banks are ok.  we can even pretend that JP Morgan and Wells are ok.
But BAC and Shitty Bank?  Hmm...

Wed, 11/30/2011 - 12:29 | 1930588 slaughterer
slaughterer's picture

BAC: the sacrificial victim if any Primary Dealer steps out of line.  

Wed, 11/30/2011 - 12:08 | 1930426 Tsar Pointless
Tsar Pointless's picture

So Benny and the InkJets could buy it at a lower price?

Wed, 11/30/2011 - 12:27 | 1930551 DaveyJones
DaveyJones's picture
Hey kids, snakes they lay together
The spotlight's hitting something
Ben thinks he can change the weather
He'll kill the fatted calf tonight
So stick around
You're gonna hear electric chairs 
crowds gather round   Say, Timmy and Blankfein, have you seen him yet
Oh but he's so spaced out, B-B-B-Bennie loves inkjets Oh but the ink smells so wonderful
Oh Bennie loves the greenback's sheen He's got electric boots his math is moot
learned economics from a magaziiiiine
B-B-B-Bennie loves inkjets
Wed, 11/30/2011 - 12:31 | 1930596 Uchtdorf
Uchtdorf's picture

Bravo! Encore!

Wed, 11/30/2011 - 12:07 | 1930408 Village Smithy
Village Smithy's picture

So while we were all fulminating about the Hank Paulson tip off from 3 years ago another tip was being played.

Wed, 11/30/2011 - 12:18 | 1930498 XitSam
XitSam's picture

To vote on it Monday, it had to be in the planning stage before then. That's why Merkozy has been so quiet the last little bit, he knew it was coming.

Wed, 11/30/2011 - 12:37 | 1930662 DaveyJones
DaveyJones's picture

come to think of it, it IS a lot like the leper and the prostitute

Wed, 11/30/2011 - 12:07 | 1930410 oogs66
oogs66's picture

omg, this is beyond scary

Wed, 11/30/2011 - 12:09 | 1930411 Everybodys All ...
Everybodys All American's picture

and I'd imagine the S&P downgrades of 37 major banks was known to them as well and that is what made the action necessary. I would also include that the rumor that the IMF would bail out the EU was in reality the Fed all along.

Wed, 11/30/2011 - 12:23 | 1930532 Non Passaran
Non Passaran's picture

Taken all together, it was a perfect setup to load up on bank options for the big Wednesday! Lovely...

The US is a great place to invest!

Wed, 11/30/2011 - 12:27 | 1930570 ucsbcanuck
ucsbcanuck's picture

I was suspicious of the whole thing - I knew TPTB would intervene at some point and I was already looking to take money off the table. Happened a lot faster than I thought it would. Itchy dog balls.

Wed, 11/30/2011 - 12:07 | 1930414 dwdollar
dwdollar's picture

Insider trading??? What??? We have the SEC to prosecute that stuff!!!

Wed, 11/30/2011 - 12:09 | 1930429 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I think you mean,

We have the SEC to prostitute that stuff!!!

Wed, 11/30/2011 - 12:07 | 1930415 Tsar Pointless
Tsar Pointless's picture

"And I'm proud to be an American, where at least I know I'm free."

God Bless the USA!

Wed, 11/30/2011 - 12:12 | 1930457 JustObserving
JustObserving's picture

Free to be raped and pillaged

Wed, 11/30/2011 - 12:44 | 1930731 DaveyJones
DaveyJones's picture

and we do it better than anyone.

We're number one

(add zeros at your discretion)

Wed, 11/30/2011 - 13:44 | 1931140 TheFourthStooge-ing
TheFourthStooge-ing's picture

"O! say does that star-spangled banner yet wave,

O’er the land of the free and the home of the brave?"

No, it doesn't.


Wed, 11/30/2011 - 12:18 | 1930503 Jack Burton
Jack Burton's picture

Amazing how the thought control has worked isn't it. Some jackass thinks he free! Ha! Ha! Free to do what? Just exercise your so called freedom.

The only free man is the man who has the money to pay for freedom. Everyone else faces a far different reality.

As for the Fed bailing out Europe, we knew it was coming. US banks are dead if Europe has even one default event. Who got bonuses for writting all those CDS? Who has put it all into gold? Easy money, crash the world and use your gains from doing it to go long gold. Wanna bet the elites haven't taken that position long before they started crashing everything?

Oh wait, wasn't it the overpaid school janitor and the city clerk who crashed the world with their overpaid positions?

Wed, 11/30/2011 - 12:29 | 1930589 Tsar Pointless
Tsar Pointless's picture

If you are referring to me, I kindly ask you to look up the word "sarcasm" and memorize its definition, and learn how to spot it in the future.

Wed, 11/30/2011 - 12:33 | 1930620 Bring the Gold
Bring the Gold's picture

It was clearly the teachers unions, and janitor's union. They have all the power, just ask the hordes of ZH shills and ideologues. Bankers are bad, but lets just steer this conversation towards good old fashioned scapegoats where it's safe.

Wed, 11/30/2011 - 12:50 | 1930805 DaveyJones
DaveyJones's picture

"if?"  well said

Wed, 11/30/2011 - 12:08 | 1930418 Temporalist
Temporalist's picture

Crescenzi saying the there was a run on banks...Save and a beauty!

Wed, 11/30/2011 - 12:08 | 1930420 swissaustrian
swissaustrian's picture

There was also massive front running in PMs this morning a few minutes before 8 am.

Wed, 11/30/2011 - 12:08 | 1930428 Hmm...
Hmm...'s picture

Gosh.  I wish that ZH could get the scoop on this stuff as soon as the Primary Dealers do...

I, too, am ready to do my part of "God's work".

Instead, looks like everybody gets to front run me.  I was going to buy Gold this morning from Tulving, and then I log on and see this, and Gold jumped $30/oz.   Urgh.

Wed, 11/30/2011 - 12:21 | 1930519 XitSam
XitSam's picture

Geez man, you're worried about 30 bucks?

Wed, 11/30/2011 - 12:47 | 1930773 Hmm...
Hmm...'s picture

no, but 30/oz x 40 oz = $1200.

that might not be much to you... but to me it hurts.

Wed, 11/30/2011 - 13:59 | 1931194 SilverRhino
SilverRhino's picture

If you can afford 40 ounces of AU,  one be happy about it and two just suck it up.  We all know where the price is going long term.

Wed, 11/30/2011 - 14:39 | 1931480 Bansters-in-my-...
Bansters-in-my- feces's picture

Does not sound like he is going long gold.

Sounds like buying,and flipping for profit.

Called traitor.

Wed, 11/30/2011 - 18:42 | 1932889 XitSam
XitSam's picture

My previous purchase was less than 1200 total. If I were you I'd be laughing all the way to the secret underground bunker.  You did buy a secret underground bunker, right?  All I've got is a hole in the ground with a tarp thrown over it.  :)

Wed, 11/30/2011 - 12:54 | 1930815 fiddler_on_the_roof
fiddler_on_the_roof's picture

Just go buy. forget about these pennies. since you are buying in size(tulving ??), just buy. you will not regret. there will be  a new QE maybe early as spring 2012.

If FED does not provide support to world finance, the Dollar based international monetary system will collapse. others will just only have small inflation compared to US.


just fucking buy.


look at this chart and Gold just bounced of the weekly close of $1880. I have bought al the dips you see in the chart. and even before 2008.$GOLD&p=W&b=5&g=0&id=p28385840989

Wed, 11/30/2011 - 12:09 | 1930430 ItsNotYouItsMe
ItsNotYouItsMe's picture

They must inflate, it is the only way to maintain the illusion of growth.  The Fed is ALL IN and has no choice but to push into infinity and beyond ... be damned the collateral damage, they'll fix that when it comes too!

Wed, 11/30/2011 - 12:20 | 1930516 mayhem_korner
mayhem_korner's picture



Where did you get that avatar?  I think it give Sudden Debt a run for the money...

Wed, 11/30/2011 - 12:09 | 1930431 swissaustrian
swissaustrian's picture

Central bankers of the world: UNITE!

Wed, 11/30/2011 - 12:12 | 1930450 Sandy15
Sandy15's picture

Wouldn't that be the beginning of a NEW WORLD ORDER?

Wed, 11/30/2011 - 12:27 | 1930567 swissaustrian
swissaustrian's picture

I think we´re past that point already :(

Wed, 11/30/2011 - 12:11 | 1930433 falak pema
falak pema's picture

merkel looks like she is winning with US oligarchs...She avoids ECB taking lead in central bank monetising, it'll be FED role + IMF. This is bad for US public as the print machine will now sky rocket to QE WS up and US down.

Wed, 11/30/2011 - 12:11 | 1930452 socratesplus
socratesplus's picture

i don't get the equity market reaction.  what the eu needs is a trillion more euros, not cheaper dollars.

Wed, 11/30/2011 - 12:13 | 1930464 firstdivision
firstdivision's picture

Shhhh!  Don't spoil the "Sheer the Sheep" party. 

Wed, 11/30/2011 - 12:16 | 1930481 bnbdnb
bnbdnb's picture

Sucker rally.

Wed, 11/30/2011 - 12:12 | 1930455 sschu
sschu's picture

We had to kill the economy (look at WTI) to save it (or save the banks).


Wed, 11/30/2011 - 12:12 | 1930456 firstdivision
firstdivision's picture

HYG doesn't seem to be playing along.

Wed, 11/30/2011 - 12:12 | 1930458 Zola
Zola's picture

What a foul stench of CORRUPTION !

Wed, 11/30/2011 - 12:13 | 1930459 Dr. Engali
Dr. Engali's picture

To all you  Europeans: from my children and my children's children. You're welcome. I'm sorry but I'm pissed and disgusted.

Wed, 11/30/2011 - 12:12 | 1930460 sudzee
sudzee's picture

Ron Paul must love this.

Wed, 11/30/2011 - 12:42 | 1930711 InconvenientCou...
InconvenientCounterParty's picture

I don't know what RP thinks, but based on his declared equity portfolio, he's up 4-6% today. Maybe he has mixed feelings about that?


Wed, 11/30/2011 - 12:13 | 1930465 ZippyBananaPants
ZippyBananaPants's picture

What if it was not a european bank last night on the verge of failure and it was BAC???

Wed, 11/30/2011 - 12:13 | 1930467 dcb
dcb's picture

I think the zh community should get together and pool our resourcees together to employ one of those expert networks guys who listen in and them gets money tio tell the wall street players what went on at the meeting. legal for some reason. I know ZH did some articles on the guy.

Wed, 11/30/2011 - 12:13 | 1930470 Central Wanker
Central Wanker's picture

If you're not inside, you're outside.

Wed, 11/30/2011 - 12:13 | 1930471 lynnybee
lynnybee's picture

criminals !   the elderly are going to starve to death .... damn criminals.

Wed, 11/30/2011 - 12:25 | 1930545 sabra1
sabra1's picture

not only that, old meat is tougher to chew!

Wed, 11/30/2011 - 14:48 | 1931534 Bansters-in-my-...
Bansters-in-my- feces's picture

the elderly are going to starve to death,but benny said " lucky ,only 99 %

Wed, 11/30/2011 - 12:15 | 1930475 Dr. Gonzo
Dr. Gonzo's picture

I just changed from cash and went short again. I might get crushed but I have have to trade this thing.

Wed, 11/30/2011 - 12:16 | 1930482 tekhneek
tekhneek's picture

Thanks for the FAZ. Silly Fed.

Wed, 11/30/2011 - 12:18 | 1930500 CPL
CPL's picture

Not yet!


Wait for it.

Wed, 11/30/2011 - 12:16 | 1930484 Dr. Engali
Dr. Engali's picture

The fed is doing a good job establishing the dollar as the one and only world currency. Not that I like it or agree, but that is clearly what they are doing.

Wed, 11/30/2011 - 12:16 | 1930486 SilverBaron
SilverBaron's picture

What's wrong with fleecing your own sheep.  They own your ass!  At least they seem to think so.

Wed, 11/30/2011 - 12:16 | 1930489 mtremus
mtremus's picture

If you want to make money in this market you have to accept the fact that we no longer have FREE MARKETS.

Wed, 11/30/2011 - 12:17 | 1930492 zonkie
zonkie's picture

This explains many things at once, specifically the irrational market exuberance of last 72 hours. However, this still would'nt do any lomg term good because Europe is doomed,  Middle east is seething, China and India are not headed up and well US is completely deluded.

Just wait till summer and we will be back at where we started in the first week of October. They have bought themselves a good 3-4 months. 

Wed, 11/30/2011 - 12:20 | 1930518 RSloane
RSloane's picture

I believe its less than three to four months. They're giving the 'principles' enough time to protect their assets then the shit hits the fan.

Wed, 11/30/2011 - 12:22 | 1930524 lesterbegood
lesterbegood's picture

3-4 months? Such optimism! I give 'em a week...

Wed, 11/30/2011 - 16:38 | 1932142 zonkie
zonkie's picture

I said 3-4 months because there will be another non-news euphoria after Dec-9, then there will be Santa Claus it is likely that ECB and.or Fed will resume printing in the new year. That may keep the lid on festering sores..but yes it could off earlier. 

Wed, 11/30/2011 - 12:19 | 1930507 lemarche
lemarche's picture

I hope no one is surprised ! Insider trading/Front running at its max ! Some people need to pay for their pensions BEFORE  the systeme collpases...

Wed, 11/30/2011 - 12:19 | 1930513 CrashisOptimistic
CrashisOptimistic's picture

There is the inevitable question of . . . if everything is going well, why is this stuff repeatedly required?

Wed, 11/30/2011 - 12:32 | 1930603 HANKREARDON

"Nothing to see here" always means there is something to see. Only dire cirmcumstances would require such agregious actions.

Wed, 11/30/2011 - 12:24 | 1930522 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Instead of occupying can we just burn Wall Street to the ground?

Wed, 11/30/2011 - 12:26 | 1930546 hedgeless_horseman
hedgeless_horseman's picture

You deleted and replaced your excellent post.  Pussy.

Wed, 11/30/2011 - 12:27 | 1930573 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Na, I just cut in line.

Wed, 11/30/2011 - 12:22 | 1930525 Carlyle Groupie
Carlyle Groupie's picture

The white shoe boys up to their old tricks.

Wed, 11/30/2011 - 12:24 | 1930538 Lost Wages
Lost Wages's picture

I should have waited a couple more days before cashing out my Roth IRAs to buy silver.

Wed, 11/30/2011 - 12:25 | 1930549 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It won't matter in five years.  You are talking pennies on the (silver) dollar once the fiat ponzi is realized.

Wed, 11/30/2011 - 12:25 | 1930541 lizzy36
lizzy36's picture

This is the best Bernanke can do. Make NO mistake leaking this decision was part of his effort. This was a coordinated effort and a coordinated leak. 

Don't forget Bernanke's 3rd and most important mandate: "wealth effect".

Despite his 2002 speech he knows that it will be the end of the Fed as we know it if he actually started directly buying EU debt.

This is an election year, with 9% unemployment and record deficits, Geithner can't spend one single YANK cent on bailing out the EU without killing Obama's 2nd term dream.

So here it is boys and girls, the desperate act of a desperate Central Bankers.

November fund statements will be mailed tomorrow. Allowing the Season of Shopping to continue unimpeded. Exactly what Bernanke wanted.

Wed, 11/30/2011 - 12:27 | 1930565 Mr Lennon Hendrix
Mr Lennon Hendrix's picture


Wed, 11/30/2011 - 12:28 | 1930580 BlackSunshine
BlackSunshine's picture

BWAHAHAHA.  More crack cocaine to the market, got to love it. Keep feeding the addiction.


Wed, 11/30/2011 - 12:29 | 1930584 mayhem_korner
mayhem_korner's picture



I think we've reached the part where McMurphy smuggles booze into the asylum.  But don't worry...Nurse Ratched will be back.

Wed, 11/30/2011 - 12:40 | 1930692 august west
august west's picture

"everything's gonna be fine Chief"

Wed, 11/30/2011 - 12:30 | 1930594 Elwood P Suggins
Elwood P Suggins's picture

Golden Sucks needed help getting God's Work done and they called in the FED.  What's the big deal?

Wed, 11/30/2011 - 12:32 | 1930604 Stumpy
Stumpy's picture

What's with the huge volume with Banco Santander?

Wed, 11/30/2011 - 12:32 | 1930606 topcallingtroll
topcallingtroll's picture

Somebody is trying to get me to install fake updates. I saved the email and the trojan. Nice! Very sophisticated. I have some friends who might like a copy. It is useful to have a trojan that is unknown to current antivirus software. That is why I am convinced it is the government.

Hey FBI or whoever you are if you want to see my porn stash just ask me ok?

Sorry, no kiddie porn.

I wasnt sure if this site was monitored for key words. I have been trying to lure someone in with my statements and searches and blatant terrorist book buys on amazon.

I personally did not believe that the spying on american citizens was so extensive. Now I am a believer.

Next thing is to test if I am now on the no fly list.

Wed, 11/30/2011 - 13:24 | 1931007 Carlyle Groupie
Carlyle Groupie's picture

I think that thuggish TSA list of ZH suspects was the real deal. They're on to us.

Listen, you need this:
A bootable USB Drive Linux OS.

Burn it to a USB drive. It allows you to change your MAC on the fly.

Go to the local library. Present 'your' ID to librarian in exchange for Internet privileges.

Get to their machine. 'Start', 'Run', type cmd then type ipconfig /all.

Look for 'Physical Address'. Copy this MAC and use it as your MAC. Unplug their network cable and plug into your laptop after you change your laptops MAC.
sudo ifconfig eth0 down
sudo ifconfig eth0 hw ether ~physical address here~
sudo ifconfig eth0 up

Problem solved. Spooks left in the dust.

Also look for unsecured wireless hotspots in your neighborhood and hotels along the highways using your bootable USB drive. But always change your MAC.

Or if all this is too complected. Write a hand printed letter to the CIA, NSA, FBI, and Mossad directors and tell 'em to fuck off.

Wed, 11/30/2011 - 12:33 | 1930616 HANKREARDON

I can't find acceptance of this in the US Constitution... #shocked?

Wed, 11/30/2011 - 12:43 | 1930727 AldoHux_IV
AldoHux_IV's picture

All the more reason to end the fed, and cleanse the system of backdoor bailouts that no one really has the capital for anyways-- it leaves a couple things to be answered: 1. why do financial institutions lie and shouldn't they be held responsible for not being forthright about the health of their situation? 2. it being not a liquidity crisis and being one of solvency, why aren't the central banks coming up with more credible plans of action-- is it because this is as good as it gets?

Wed, 11/30/2011 - 13:29 | 1931055 slewie the pi-rat
slewie the pi-rat's picture

 <=== tyler is full 0'poo; so is zH!

 <=== i feel better, now; i thought i was losing it, there...waaay too many wtf's , even for month-end;  the bankster criminality theory explains 100%, once again!

Wed, 11/30/2011 - 13:33 | 1931077 pineyard
pineyard's picture

In all the EURO BASHING going on right now ..also on the pages of ZEROHEDGE

( ZEROHEDGE  is a US Operation ..after all ..and represents vested interest .. what the fuck would You do without being reserve currency ? Which even the most uneducated US Citicen grasps now )

..and im tired of it and KNOW ...WHY is ongoing ... so I will contribute with 2 OBSERVATIONS

1. List of the most attractive places to LIVE on EARTH according to seasoned and experienced world trave;llers :

Take NOTE .. there is NOT 1 American City ...on the Charts ! Which by the way are produced  by AMERICANS

2. A chart of the EUR/USD exchange rate since 1999 until today;range=my;indicator=volume;charttype=line;crosshair=on;ohlcvalues=0;logscale=on;source=undefined

As anyone can see in the week of Jan 11 , 1999 The EUR/ USD rate was 1.015 USD to the EURO

In the week of Nov 28 , 2011 the EUR / USD rate was 1.3313 USD to the EURO

In spite of this MASSIVE DEVALUATION of the USD , the United States of America have NOT succeded in establishing a POSITIVE TRADE BALANCE towards EUROPE ,

So keep on with the SELF - ADMIRATION ... Ill hope the EUR/USD rate could come down a bit.due to that as this would  improve what EUROPE can sell abroad ... to PAY all these DEBTS ...

and  the EUR / USD RATE MUST BE FAR TO HIGH considering all the negative stuff found on the pages of the worlds ANGLOSAXON MEDIA   regarding the EURO ... OR WHAT  ?

Wed, 11/30/2011 - 13:39 | 1931108 pineyard
pineyard's picture

My CYNICAL GUESS is though .. THe EUR/USD Exchange Rate would only go DOWN ..the Moment the US SERIOUSLY considered to REPAY the MASSIVE DEBT it has to....EUROPE !

Wed, 11/30/2011 - 13:45 | 1931141 Lazane
Lazane's picture

All these bailouts remind me of the story of great grand dad's shipwrecked packet ship off in the North Atlantic in the summer of 1865. after having bid farewell to his family the eldest son of 6 just age 18 jumped into the sea and miraculously found his way into one of the life boats. His account of the disaster included day after day scooping and bailing water out of the boat with a wooden shoe in order to keep it afloat.  

It seems that the modern day bankster North Atlantic bail out continues to scoop and bail day in and day out in order to keep the shipwrecked system afloat.

Wed, 11/30/2011 - 13:54 | 1931169 Georgesblog
Georgesblog's picture

This doesn't just drive a nail in the coffin. It starts to fill the hole in. The die is cast. Now, the central banks have no choice, Print, print, print.

Wed, 11/30/2011 - 14:12 | 1931283 Bansters-in-my-...
Bansters-in-my- feces's picture

Who is this Federal Reserve Goverment.....?

Which political party do they represent?

Is there an official oppostion party...?

And did YOU vote any of them in....?

Oh....It's not a goverment say.....

Then why ,oh why, they run the world...???



Wed, 11/30/2011 - 14:49 | 1931535 navy62802
navy62802's picture

I had been wondering ever since Monday why the markets were not imploding. Absolutely horrible headlines continually flowing out, ending finally with the downgrade of nearly 40 major banks worldwide by S&P. Now I have my answer.

Wed, 11/30/2011 - 16:36 | 1932126 TheJokingJollyRoger
TheJokingJollyRoger's picture

Were all global citizens now!

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