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Fed May Inject Over $1 Trillion To Bail Out Europe

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Sun, 12/18/2011 - 22:23 | 1992678 Spitzer
Spitzer's picture

Dollars to be printed to bail out Europe.

The ECB has the Fed by the balls.

Sun, 12/18/2011 - 22:28 | 1992683 Ahmeexnal
Ahmeexnal's picture

Gold is collateral in this particular bailout.

Who's the smartguy here, Bernanke or the ECB?

All euro gold are belong to Ben!

Sun, 12/18/2011 - 22:33 | 1992702 High Plains Drifter
High Plains Drifter's picture

no, all gold belongs to the rothschilds in the city of london...........

Sun, 12/18/2011 - 22:53 | 1992758 LasVegasDave
LasVegasDave's picture

couldnt resist another anti jewish dig, could you?

Man those Jews really have you beat down, dont they?

Cant say I'm surprised.

Sun, 12/18/2011 - 23:53 | 1992980 The Big Ching-aso
The Big Ching-aso's picture



 Europe will just give us I.O.U.'S.      I.O.U.'S in Europe stands for I Owe U Shit.

Mon, 12/19/2011 - 00:53 | 1993228 goldfish1
goldfish1's picture

Jim willie has a great essay on these events:


Pathogenesis of Central Bank Ruin

Mon, 12/19/2011 - 06:42 | 1993547 GetZeeGold
GetZeeGold's picture

Taxation without representation.....seems we've been here before.


Time to bring out the muskets again.....just in time for the new Gitmo law.

Mon, 12/19/2011 - 19:46 | 1996010 vipobviously
vipobviously's picture

Damn, I'm fresh out of flintlocks... anybody seen my powderhorn around here, I hear hostilities are afoot and I still need to sew my trouser button back onto me trousers. At least i figured out a way to eat gold

Mon, 12/19/2011 - 03:49 | 1993451 RemiG2010
RemiG2010's picture

Well, it can be used as a fertilizer so defacto it's priceless!



Sun, 12/18/2011 - 22:35 | 1992709 Spitzer
Spitzer's picture

France destryed the gold standard by pulling out of the London gold Pool. They sent a ship to New York to pick up the gold.  It will be no diffrent this time.

The Fed needs to bail out Europe to save primary dealers.

Sun, 12/18/2011 - 22:56 | 1992766 Ahmeexnal
Ahmeexnal's picture

like they saved MFGlobal?

Sun, 12/18/2011 - 23:23 | 1992910 Tijuana Donkey Show
Tijuana Donkey Show's picture

larger primary dealers

Sun, 12/18/2011 - 23:17 | 1992867 dick cheneys ghost
dick cheneys ghost's picture

The fed will claim a bailout of europe, but the fed is only acting to protect the big banks that it serves........


jim rickards interview.........from friday..........



Sun, 12/18/2011 - 23:49 | 1993027 LookingWithAmazement
LookingWithAmazement's picture

The opposite: the French sent a ship for their gold because and after the Yanks destroyed the gold standard. De Gaulle was right.

Mon, 12/19/2011 - 01:28 | 1993297 Spitzer
Spitzer's picture

The LGP collapsed when france pulled out

Sun, 12/18/2011 - 22:31 | 1992694 Scottj88
Scottj88's picture

Ho Ho Ho....

Looks like there will be plenty of paper for the bonfires to keep us warm.


Here comes the Santa-Claus rally....

Mon, 12/19/2011 - 00:08 | 1993095 Long-John-Silver
Long-John-Silver's picture

1 FED note = 12.44 BTU

This allows easy calculations of how many dollars you'll need for the stove.


Sun, 12/18/2011 - 23:39 | 1992986 phungus_mungus
phungus_mungus's picture

How the fuck does anyone really think they are going to pay this back? 

Mon, 12/19/2011 - 00:02 | 1993072 SAT 800
SAT 800's picture

Please, don't be naive. Who gave you the idea anyone was going to pay anyone back?

Mon, 12/19/2011 - 00:53 | 1993229 xela2200
xela2200's picture

Just like the Jones next door. Once they realized that they won't be able to pay their debts, they maxed all credit cards before declaring bankruptcy.

Mon, 12/19/2011 - 19:50 | 1996021 vipobviously
vipobviously's picture

Could you name a time when any govt. has paid back its debts.. well i guess germany did that whole reparations thing, then sent the survivors repaid a tax bill with penalties for not declaring their"profits"

Mon, 12/19/2011 - 00:06 | 1993089 SAT 800
SAT 800's picture

"On the Fed side, it is clear that loans to the Eurozone could be problematic to the taxpayers"; uh-huh. Yepp. I call it bailing out the bond owning class at the expense of the taxpaying class.

Sun, 12/18/2011 - 22:23 | 1992679 johngaltfla
johngaltfla's picture

WHEN, not IF they do it, the end of U.S. sovereignty can now be declared once and for all.

Perhaps a review of the Boston Tea Party story would be in order also.

Sun, 12/18/2011 - 23:08 | 1992802 Dr Paul Krugman
Dr Paul Krugman's picture

That's ridiculous.  The Fed is swaping dollars for Euros.  It is an investment from which both will benefit.  The Euro will rise, making the Fed money, and Europe has liquidity, which they need to fund their banking system.

Since the Euro technocrats weren't going to solve the problem someone had to.  It's a good thing if the Fed has stepped in.

Sun, 12/18/2011 - 23:28 | 1992934 q99x2
q99x2's picture

The Fed has lost its ability to support politicians. A new year is around the corner. God damn Mayans.

Sun, 12/18/2011 - 23:39 | 1992985 redpill
redpill's picture

Ben Bernanke should be tried for treason.

Sun, 12/18/2011 - 23:43 | 1993000 The Big Ching-aso
The Big Ching-aso's picture



Maybe he thinks the U.S. isn't his country so he can't be tried for treason.

Mon, 12/19/2011 - 01:10 | 1993243 xela2200
xela2200's picture

The Fed and the Treasury with SDRs have in effect shorted the dollar. Euro under 1.30 for extended period of time will force the FED's hand. The currency war is a race to the bootom after all.




Mon, 12/19/2011 - 02:11 | 1993364 StychoKiller
StychoKiller's picture

The Stupid is strong with this one...

Mon, 12/19/2011 - 08:18 | 1993614 jcaz
jcaz's picture

Wow Dr Paul-  you're a really smart guy.... Doctorate?  Of what-  Religion?


Mon, 12/19/2011 - 10:57 | 1993929 my puppy for prez
my puppy for prez's picture

"Solve the problem" should immediately be replace with "kicked the can down the road".

Mon, 12/19/2011 - 19:55 | 1996031 vipobviously
vipobviously's picture

Hey John,

Does this mean states begin printing continentals or the like again? Do individual states loose soverienty, or just corrupt us gov departments? Do the people loose soverienty?


"...at the Revolution, the sovereignty devolved on the people; and they are truly the sovereigns of the country, but they are sovereigns without subjects...with none to govern but themselves; the citizens of America are equal as fellow citizens, and as joint tenants in the sovereignty." CHISHOLM v. GEORGIA (US) 2 Dall 419, 454, 1 L Ed 440, 455 @DALL 1793 pp471-472

The people of this State, as the successors of its former sovereign, are entitled to all the rights which formerly belonged to the King by his prerogative. Through the medium of their Legislature they may exercise all the powers which previous to the Revolution could have been exercised either by the King alone, or by him in conjunction with his Parliament; subject only to those restrictions which have been imposed by the Constitution of this State or of the U.S.
Lansing v. Smith, 21 D. 89., 4 Wendel 9 (1829) (New York)
"D." = Decennial Digest
Lansing v. Smith, 4 Wend. 9 (N.Y.) (1829), 21 Am.Dec. 89
10C Const. Law Sec. 298; 18 C Em.Dom. Sec. 3, 228;
37 C Nav.Wat. Sec. 219; Nuls Sec. 1`67; 48 C Wharves Sec. 3, 7.
NOTE: Am.Dec.=American Decision, Wend. = Wendell (N.Y.)

Sun, 12/18/2011 - 22:27 | 1992682 ultimate warrior
ultimate warrior's picture


Sun, 12/18/2011 - 22:27 | 1992685 High Plains Drifter
High Plains Drifter's picture

buy buy buy...........

Sun, 12/18/2011 - 22:28 | 1992687 AssFire
AssFire's picture

Oh the ECB is TBTF as well?? Those slimy bastards are well on there way with the open window. This should cause an uprising.. calling all balls, calling all balls!

Sun, 12/18/2011 - 22:44 | 1992727 hack3434
hack3434's picture

Oh the ECB is TBTF as well?? 


Well yes...at 50X or so leverage  (LT)ECB  IS the world's 2nd biggest hedge fund. 

Sun, 12/18/2011 - 22:28 | 1992688 honestann
honestann's picture

End all central banks.
End the federal reserve.
End all fractional reserve practices.

Mon, 12/19/2011 - 10:55 | 1993921 my puppy for prez
my puppy for prez's picture

Great ideas.  But the PROBLEM is this:  You have a world full of people who have ZERO knowledge about these evils, so they don't have the first clue that they should only elect politicians (like Ron Paul) who are passionate about doing the above!

As long as governments are full of fiat-enablers, there will be NO real solutions!

And that is tragic...

Sun, 12/18/2011 - 22:30 | 1992692 rocker
rocker's picture

And Why Isn't Big Ben in Jail?

Sun, 12/18/2011 - 23:06 | 1992806 MsCreant
MsCreant's picture

Because he has the printer.

Sun, 12/18/2011 - 22:31 | 1992695 gbresnahan
gbresnahan's picture

Surely not. Wouldn't this be considered treason?

Sun, 12/18/2011 - 22:32 | 1992697 user2011
user2011's picture

Is 1 Trillion is enough ? Greek, Spain, Portugal, Ireland, Italy, etc...

I thought it needs may Trillions.. 1T will only kick the bucket down a bit further.

If 1T fixes everything, China would have stepped in and buy some heroic points. I thought China, with 3T reserves, wouldn't even touch Europe with a long pole.

Someone correct me if I am wrong.

Sun, 12/18/2011 - 22:40 | 1992721 max2205
max2205's picture

Np... 1 trillion at 40x leverage = 40 Trillion. Problem solved

Sun, 12/18/2011 - 22:53 | 1992728 FEDbuster
FEDbuster's picture

Rehypothecation, bitchez.

Mon, 12/19/2011 - 00:56 | 1993237 goldfish1
goldfish1's picture


Mon, 12/19/2011 - 00:54 | 1993231 rosiescenario
rosiescenario's picture

"Now notional GDP is not the same as real GDP.  In other words, notional GDP is real GDP plus inflation.  If the Fed targets NGDP, what they are really saying is they don’t care about inflation anymore, they’ve given up.  I’ve said all along the Fed wants inflation and this is a way of getting it.  It’s also a way of destroying the debt by cheapening the dollar."


All you really need to know are the answers to these 2 questions:


1). Who benefits most from inflation...the debtor or the creditor?

2). Who has the printing press?


Though with this circle jerk of the Fed. buying Euros and the foreigners printing same as quickly as possible, maybe one doesn't need one's own printing press???

Mon, 12/19/2011 - 01:03 | 1993249 xela2200
xela2200's picture

Jim Rickards makes a lot of sense. This video is a little dry at the beginning, but it gets very interesting at the end. This is the presentation he did for the military and other "intelligence" agencies. After watching it, I HOPE we really have gold at Fort Knox.


Sun, 12/18/2011 - 22:33 | 1992700 NumNutt
NumNutt's picture

So let me understand this...The FED will print a large some of monopoly money and give it to their European gang members at the ECB, so that they can then hand it out to the fools that run the in debt Euro nations. They will then in turn spend it like drunken sailors until it is gone in say..... a year? Maybe?  Then what? Oh yeah that's right now I remember! Then all of us tax payers can bend over and take it in the ass.  Hope they provide us all with the local rape crises 800 number so we have someone to talk to after this happens.

Mon, 12/19/2011 - 00:58 | 1993244 goldfish1
goldfish1's picture

After an infusion of $40 trillion monopoly money, they can buy your little house and hotels easily  now...all they gotta do is up the property tax so you HAVE to sell. Game over.

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