Full Retard Rumormill Goes For The Trifecta As Brazil Joins China And Russia In Bailing Out The European Ponzi

Tyler Durden's picture

Add this from Reuters to today's rumor trifecta to make the day RDA allowance of crazy pills complete:


And so in one day we have heard rumors of China, Russia and Brazil (in this case "citing a monetary official"... sure beats "unidentified Italian government sources" ahem FT) all bail out Europe, none of which will inevitably happen mind you because these countries aren't governed by idiots, although "idiots" is precisely who trades this market. See the attached chart for the kneejerk reaction to this latest headline.


From Reuters:

BRIC major emerging markets are considering ramping up holdings of euro-denominated bonds in a bid to help European countries mired in a sovereign debt crisis, newspaper Valor Economico reported on Tuesday, citing a monetary official.


Valor reported a decision could be made at a Sept. 22 meeting of finance ministers and central bank presidents from Brazil, Russia, India, China and South Africa in Washington.


Brazil's central bank declined to comment on the story. The source in the report was not identified

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Cdad's picture

Aaaaaaaaaaaaaand......it's gone.

GeneMarchbanks's picture

Refering to sanity of course amongst other things...

BaBaBouy's picture

The END-GAME must be for foreigners to OWN all of Europe, and the EU "Locals" get

to be Zombie Slaves in their own land.

SWRichmond's picture

Brasil is going to bail someone out....it's a joke, right?  Do you get it?

BaBaBouy's picture

Yep... Just Heard, SOMALIA wants a piece of the action too!!!

boiltherich's picture

This is not about concern on the part of the Brazilians for the stability of the EU but about lowering the real.  The Brazilian real has so appreciated that they instituted capital controls, that was not enough and now they are planning to dump reals for Euro denominated debt in order to try to lower the real. 

"Guido Mantega, Brazil’s finance minister who warned on currency wars last year, described the setting of a peg by the Swiss central bank as an act of “desperation”. Brazil has launched numerous currency and capital controls to try to limit the real’s appreciation. “We don’t need to [set a peg]. It’s always better to work with a floating exchange rate,” he said."  http://www.ft.com/cms/s/0/f5a361ce-d862-11e0-8f0a-00144feabdc0.html#axzz1XrpePqvX

However the above quote notwithstanding; It would appear that Brazil is trying arb the market in a way that lowers the real and could well end up with a defacto peg anyway.  I know when I looked at Brazil a few years ago as a possible destination for an expat stint abroad the real was at a little less than 3 to the dollar, lately it is around twice that.  In order to buy EU sov debt they have to sell real for euro, this suppresses the real, simple explanation of what is going on here. 

Savyindallas's picture

The pirates are rich. Somali has a better balance sheet than the US. So don't mock them. What are you -some kind of racist?

BaBaBouy's picture

The Ole Saying... When in Europe, do like the Greeks ...

Stoploss's picture

Right on time, these rumors pop out at 3 every day.

Long-John-Silver's picture

If you don't know what this means.....

Poof it's gone!

GenX Investor's picture

Forrest Gump not full retard, Rainman, not full retard.  You went full retard and the people hated it.  You never go full retard!

fishface's picture



google tranlated

BRIC countries will discuss next week on possible aid to Europe
Comments: (0)
September 13, 2011 14h46 By: Tatiane Monteiro Bortolozi

SAO PAULO - Brazil, along with other BRIC countries, should discuss next week, ways to help Europe overcome the current economic crisis, according to Minister of Finance, Guido Mantega. "The BRIC countries will meet next week in Washington and will discuss how to help the EU out of this situation," said Mantega.

Barb Dwire's picture

Shit, this is easy money.

carbonmutant's picture

EU panhandling...

Brother can you spare a bond...lol

dwdollar's picture

I'm waiting to front-run the alien bailout rumor.

MichaelG's picture

Just the other day they found an exoplanet they believe is capable of sustaining Earth-type life only 37 lightyears away! RISK ON!!

Rodent Freikorps's picture

The FTL drive will be finished right after they roll out the Mr. Fusion, home power systems.

Divided States of America's picture

Theres a fight brewing over grandma's leftover turkey from a week ago.

tmosley's picture

Reuters:  New reports are coming in from unidentified internet sources that Turkey will assist China, Russia, and Brazil in buying European bonds that may or may not exist at an unidentified time maybe sometime soon but probably not.

Racer's picture

Breaking News: Little green men to bail out EU

Maret jumps on expectations of new green money injection

disabledvet's picture

U talkin smack about martians phucker? I can point my disrupter ray at you too you schmegeggee.

Josh Randall's picture

Nice Bluff -- pull this leg and it plays Jingle Bells...

monopoly's picture

Just igonre all the crap.

You guys watching GNK. No news. 0

buzzsaw99's picture

the question is not who is willing to buy the bonds, the question is do they expect to get their money back?

TradingJoe's picture

There are NO EURO BONDS out there, jesus! To issue those all EU needs to approve, man, retardation to perfection!

pods's picture

Probably a trial balloon to see if eurobonds will help the situation or not.  If they are seen as offering stability, someone will print up $$ to buy them.

Maybe "The Household Sector."


disabledvet's picture

How does the term Geithner bonds sound then?

Rodent Freikorps's picture

Like you want to buy my crop, during wartime, with government scrip.

oops, that was supposed to be a reply to the underdog.

FiscalCrater's picture

THIS JUST IN: My sock drawer agrees to bail out Europe...

FiscalCrater's picture

Gold-toe crew length bitchez!

spiral_eyes's picture

this is getting hilarious.

EdwardTeach's picture

The BRIC's can't Achieve World Reserve Currency alone. Perhapse this is a way to join the Euro to the mix.

john39's picture

interesting thought.  while it looks like chaos out there, there is a plan and method at work.  create crisis then seize greater control of power and resources...  keep an eye on whatever "solutions" are proposed as things go to shit. 

GeneMarchbanks's picture

This is DICKS FOR BRICS insane!

AldoHux_IV's picture

Now all we need is the rumormill to say India is next bailing out the flawed euro system.  I guess the only thing we need after that is GS' Jim O'Neill saying he and his firm will help the bailout as well-- oh wait the banks here are underfunded too unless the ponzi continues I forgot.

Cleanclog's picture

India has agreed to fund European debt in rupees, soon becoming a reserve currency.  It's one way to beat China to that status.

Cdad's picture

And now...behold...as the magic fizzy lifting drink HFT criminals manage to liquidate all long positions taken during the last 24 hour long market laugh-a-thon without a ripple....and the indexes remain as firm as Tyler's abs.

Brilliant!  That'll finally bring in the sheeple to buy Netflix and assless jeans...no really...this time it will work.

Hello fucking cosmic bunny hole, my old friend.

HardwoodAg's picture

India must be the hole card at this table

stockoptimistic's picture

That is funny, considering they cant feed their own countrymen. This rumor mill is going over the top. Someone caught with lots of Euro bonds with them.

Lord Welligton's picture

Well if we get the African Union to jump on board we'll have a full house.

pods's picture

I heard that Zimbabwe put up a couple trillion.


ZeroPoint's picture

Who is generating all this Baghdad Bob bullshit? The CIA? Rothchilds?

Hephasteus's picture

Bingo. They own 96 percent of the media that nobody will fucking listen to.

monopoly's picture

I heard Bangladesh going to buy Greek long term bonds.