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FT Releases Mother Of All Rumors
Remember when everyone would dread the 3pm hour when the FT would mysteriously come up with some about to be discredited deus ex machina rumor? Those days are back, and this time the FT hits us, baby, one MOAR time:
- EU OFFICIALS WEIGH RUNNING TWO RESCUE FUNDS TOGETHER, FT SAYS
- EU WEIGHS RUNNING TWO RESCUE FUNDS, MORE IMF SUPPORT: FT
- EU WEIGHS GIVING ESM ACCESS TO ECB FUNDING, FT SAYS
In other words, Europe has now given up on nuances and has resorted to nuclear rumormongering: it is commingling all failed funds, adding the IMF, and promises to add Marsian capital as soon as said capital is discovered. That the EFSF was unable to raise €3 billion (and only did so with underwriters retaining half of the issued bonds) on its way to €1 trillion (let alone €2) remains irrelevant.
Some rumors that remain still to be added:
- EU WEIGHS PULLING GOLD FILLINGS FROM CITIZENS TO BAILOUT GOLDMAN SACHS AND OTHER BANKS
- EU OFFICIALS HAVE REACHED OUT TO ALPHA CENTAURI FOR PREFERRED SHARE INVESTMENT; INITIAL RESPONSE FAVORABLE
- FITCH PLANNING TO RAISE EUROPE CREDIT RATING TO AAAA+
- EUROPE PREANNOUNCES MASSIVE EPS BEAT ON BLOWING OUT CDS SPREADS
And so on.
This idiocy confirms we have officially rached the beginning of the end.
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Looks like the collateral requirements being relaxed on the European side will cause a rush on the FED SWAP Window! at negative costs of lending!
and if it goes bad.. Europe can always Plead da FIZZZZIFF!
America can bailout da World and be stuck with shitty collateral that it cannot gain title too! because of sovereignty laws!
YAYYYYYY!
Rumor, propaganda, HFT market ramp
Sure it looks nice but what if you can't ever sell to anyone and bank a profit?
The S&P seems to be stuck at exactly the 200 MAV. This is freaky.
Hehe.
So the rumor from my bond dealer friend who "lives in my head" is remarkably accurate that I posted last week including
The "rapid treaty changes" that someone called me ignorant of EU protocol which all intelligent people know takes years for treaty changes to happen
And a combined EFSF and IMF superfund .
I am going to have a little more interest in the rumors of this guy who " lives in my head". I will definitely buy him an imaginary beer and pick his imaginary brain for more.
He also said the fed would contribute and the total available thru all the various programs would be 1.2 to 1.4 trillion, a true bazooka.
Lets see what else comes out in the near future. If this is true then santa has arrived.
If I recall correctly, I backed you up on that one Troll. If they can waive a magic wand and a 50% haircut is not a "default", and if they can take your MF Global account, if they can indefinitely detain an American citizen, or invade a country and steal its gold, then there are no rules at all and anything is on the table.
Big Bazooka coming soon. The game is to kick the can, and they haven't used all they have yet to keep the can moving down the road.
BLOG ON FT....blog on FT.....i called the editor to complainabout the irresponsible journalism....
thanks Tyler for keeping me confident in FAZ and EPV. But damn is it tough not to stress a little with this complete nonsense. In the long run I know I will be right so need to remember this is only a temporary bounce.
Just like S&P and its "board of Banksters"....
F...'em all!
Don't forget, Timmy G is in Europe today and tomorrow , he will tell them what to do to satisfy his masters @ home....
And absolutely no one will listen to him this time also.....a fool is a fool is a fool is a fool
Timmay is in Europe to get orders from his masters....the Fed/US govt is just a stooge for the real power that resides over the pond. Our founding fathers must be puking up blood in their graves by now, as they watch the complete destruction of EVERYTHING they fought so hard to protect.
Sad times my friends.
Either they print and PMs become very expensive in fiat terms,
or they don't print and all the banks, derivatives, and currencies go down together and PMs are the last asset standing.
Either way, PMs for the win.
The third alternative, where they cut spending and slowly stangle the middle class through austerity is out the window. We've far surpassed the system survival point. This baby is gonna blow skyhigh.
As long as the Global Central Banks (and Fed) fund the banks, the banks will buy the sovereign debt of the governments! For a fee!!
And then the circle will be complete. Perpetual prosperity for the banks !!!
The beauty of it: they don't need a real economy to grow for the bonds, stocks and derivatives to keep going up~! The real economy could drop dead, wouldn't matter!
As I began to tell people back in late 2007, half of us could be homeless and hungry, living in the streets, and all that would matter to these pricks would be the price of their equity shares.
"Mad World"
All around me are familiar faces
Worn out places
Worn out faces
Bright and early for the daily races
Going no where
Going no where
And their tears are filling up their glasses
No expression
No expression
In my head I want to drown my sorrow
No tomorrow
No tomorrow
And I find it kind of funny
I find it kind of sad
The dreams in which I'm dying
Are the best I've ever had
I find it hard to tell you
I find it hard to take
When people run in circles
It's a very, very.. mad world.. mad world..
Children waiting for the day they feel good
Happy birthday
Happy birthday
Made to feel the way that every child should
Sit and listen
Sit and listen
Went to school and I was very nervous
No one knew me
No one knew me
"Hello teacher, tell me what's my lesson?"
Look right through me
Look right through me
And I find it kind of funny
I find it kind of sad
The dreams in which I'm dying
Are the best I've ever had
I find it hard to tell you
I find it hard to take
When people run in circles
It's a very, very.. mad world.. mad world..
Mad World
Mad World
"This idiocy confirms we have officially rached the beginning of the end."
Yup. So, how long until the end of the end?
HERE ARE YOUR NEWS FOR MARCH 17th, 2012 :
TEN RESCUE FUNDS TO BE INTRODUCED BY TEN MAN JAMAICAN BOBSLED TEAM SLIDING ON A SHEET OF ICE DOWN THE AVENUE des CAMPS-ÉLYSEES AND TRHOUGH THE ARC de TRIOMPHE!
Japan offers to move to underwater domes to mine all the rare earth metals ever found on the sea floor.
if the Fundamental Twit says it, it must be twaddle.
Where Money Ends War Begins. ©
Money failed along time ago. When the illusion of value fails however...
Fade the rumor.. Market is not buying it.
The only fund they need is the Unicorn Fund.
I think the quick pop in equities probably came from the headline I saw floating across the screens:
MRI SCAN OF EU's VAN ROMPUY REVEALS ONE GRAM OF BRAIN MATERIAL - SUBSTANTIALLY HIGHER THAN PREVIOUS ESTIMATES
If NASA manages to send a rover to stick a flag on Kepler-22b on time, we might be able to use it as collateral.
Wormhole needed STAT
If Merkel does not print she will get a visitor and she or the next chancoler will embrace printing, after all its a gutenburg.
they could do a fund for each country sort of like mutual funds...
if you invest in Greek fund you will also get a gyro with you monthly dollar cost averaging payment.
If you invest in Italy you will get some great meatballs.
if you invest in France you can sleep with Sarkozy
and finally if you invest in Germany you can get Merkels personal hygene razor cause you know she doesnt use it...
All funds will be available through you highly qualified and regulated GS advisor for the mere fee of nothing all they want is the information.
What do you want from zombie capitalism but rumors? it's their only food. Printing soon will be irrelevant. People should nationalize raw resources in sovereign funds like norway.
Daily meltup in progress..bulls stampeding...every thing rising...buy...buy...buy
i bet they're leveraging 40:1 just like Corzine.
libertarian86.blogspot.com
Corzine's approach was misunderstood at the time. He was really just ahead of his time and future history books will praise his efforts.
Leverage is relative and Corzine is the financial Einstein of our time. Financial classes will soon teach the new theories and students will then learn that gravity doesn't necessarily mean all things will fall down, gravity can also mean that things will melt up when there's enough downward pressure.
Welcome to the Twilight Zone!
@Tyler
EU WEIGHS PULLING GOLD FILLINGS FROM CITIZENS TO BAILOUT GOLDMAN SACHS AND OTHER BANKS
I thought Hitler already tried that... Joos doing the same to save themselves? Get out of town!
anyone notice how silver got a sneaky bid during the late morning! no leaks in europe.
Here's some more ways you will pay:
US Sens Kirk (R), Warner (D), and Corker (R) to meet with IMF's Lagarde Wednesday on euro debt crisis [Dow Jones]
rumors placed to give insiders chance to sell to sheeple!
Question:
There was a 1495-point rally based on nothing but rumour management via MSM.
Every single leak coming out of Eurozone's political discourse has been nothing more than a pledge to pledge to a pledge.
They knew from the beginning, as everyone here in ZeroHedge did, that they only had one option, for the ECB to print.
For this to be achieved, the EU treaty needs to be altered, if and when Germany, France and UK agree to it.
Cameron is now portrayed as the weak link in this threesome because he is supposedly showing resistance unless British interests are to be defended by the treaty change, which of course means that it is paramount that the City is not to be touched in any way by any fiscal measures.
Considering the aforementioned predicament is nothing but kabuki theater and that the endgame is already written (if tinfoil is applied), and no fundamental changes are going to take place anytime soon, how is this going to play in the short term?
The global markets have already been prevented from hitting new lows, yet fundamentals show that a 2008-style precipice might be near. Since they have been trying everything, including injecting cheap USD liquidity to prop European banks, it is obvious that they don't want another crash.
If this is the case, and if, despite the otherwise bearish sentiment by those who actually invest by analysing the fundamental economic indicators, every other rumour pumps a sensitive market controlled by hedge funds who are eager to have a Christmas rally, more and more, is it more probable that such thing will actually be achieved?
It has already been established that markets do not reflect the underlying economic state, and that they are controlled by HFT dark pools, that are set on buying "fabulous companies at 6x earnings" (direct quote by a Bloomberg's guest).
Will the above conditions, along with the assumption of a positive spin from Friday's EU summit, send everything parabolic and give everyone what they want, or another "unforeseen" shock is to be expected by an entity such as S&P, whose past downgrade threats got steamrolled by the prevailing market bullishness/liquidity pumps, coupled with an "unforeseen" negative spin by the Cameron Vs. Merkozy negotiation, which will push everything down the cliff, including equities and commodities, which will in turn make ECB's intervention as guarantor of last resort cum printer mandatory and force Germany into giving into treaty changes with less fiscal requirements - for certain entities?
Betting on a Euro rally soon, I dumped my bullish dollar position today. Next question will be when to pick it 'uup' again.
it's the cocktail method like against the aids virus. They unfortunately have no idea they are in a struggle with their own corruption.
I am man enough to admit I played with my Johnson to MCC's breasts and imagined giving her some pearls. Funny part was she ate it up
Speaking of manipulation,Kitco's charts show "gold lease rates"
and you can lease gold for...-0.5679 %
Thats NEGATIVE -0.5679 % FOR ONE MONTH LEASE.
Is this a good rate ,and are you's zero hedgers getting in on it.???