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G7 Considers Issuing Communique: Global Easing Imminent After All?
A few days ago we mocked Morgan Stanley's call that the G7 would proceed with a global easing episode over the weekend. We may have been slightly premature. From Reuters: "Group of Seven finance chiefs meeting in southern France are considering issuing a communique after their talks, a G7 source said on Friday. G7 chair France had said there would be no communique from the talks, but the source said the issue was now being debated and there was a 50 percent chance of a statement. The source said if there was a communique it would talk about the global economic slowdown, financial market turmoil and the policy tools different countries could use, but it would not make any reference to concerted interventions."
As a reminder, from Morgan Stanley:
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FYI -
The Committee on Payment and Settlement Systems (CPSS) aka Red Book. Volume 2 will be release in 2012 which includes UK and United States.
http://www.bis.org/publ/cpss97.pdf
Never let a crisis go to waste. Someone needs to be the sacrificial lamb.
stigmata martyr
Would it be prudent to own some VIX as a hedge against the insanity?
http://seekingalpha.com/article/292663-searching-for-the-perfect-hedge-with-vxx
Talk is expensive nowadays...it used to be cheap...
Liquidity, bitchez!
diarrhoea, bitchez
http://azizonomics.com/2011/09/09/why-obama-is-failing/
A rainstorm of paper confetti is coming bitchez.
Never underestimate the stupidity of political leaders- 1835jackson
Just 9 words needed in the communique.
"Kneel to the AntiChrist. Obey and Serve your master."
you wouldn't happen to know the AC's initials would you?
I heard there's a 'U' in there, but not sure if it's the first or last letter...
It's time for my EU song; everyone, sing it loudly:
Na Na Hey Hey Goodbye - YouTube
LMAO
Here is a serious man describing what we are about to face, his name is Patrick Heron, from Ireland:
NWO Propaganda and Return of the Fallen (illuminati, nephelim, antichrist, end times)
http://www.youtube.com/watch?v=gtRkwfMi7Pg
All blah blah blah, say they will monitor/act in timely manner, but do nothing sensible to fix the problems, like prosecute the banksters and get rid of the FED
What can they do, print and send everything into a death spiral? Big deal. Just more carrot and stick, all anyone has at this point.
Yeah, but if it's a choice between printing thereby starting death spiral ending next week and not printing and thereby failing to prevent a death spiral that will end today, they will, of course, print.
A disorderly Greek default will present them with exactly that dilemma.
When it gets close to the end, they'll gladly print $100,000,000,000,000 per day, just to keep the show going until the next day.
"It may look really bad but we all have printers. So relax."
This news + Talk of Greek Default, both alleged for the weekend = Truth.
I think most agree that Greece should have defaulted over a year ago.
Their problem now is that they will have to be made an example of in order to dissuade others.
The beatings will continue until morale improves.
http://ibankcoin.com/chessnwine/files/2010/07/flogging_med.jpg
Exactly. Everything is in place. CHF devalued as safe haven, PMs smash down, Greek default imminent, warnings from IMF & G-7, signals from the squids, a 2 day Sept. Fed meeting coming up, and a trash dump weekend is upon us. If the EU goes first, it unties Ben's hands.
These guys spend 10% ime on policy and 90% of their time on perception.
I want EASING .. my portfolio is running out of liquid soap
I want STABILITY .. the kind that Trichet spoke of
According to Bloomberg Timmah said not to expect anything.
Timmah wouldn't lie to us; he does God's work.
All a con to keep the market from collapsing
Ooo they might 'issue a communique' gee sounds so official and all.
who keeps junking teh Sheepdog?
MomoChaser
I worked that M/S spread sheet. 2 and one 1/2 Morons? ( Kill That Fly)....
"they got nothing"
So their option is to print, they have nothing else, and more printing sends everything into faster collapse. So bring it on, carrot and stick boys.
they can still pull a carrot / stick and save the printing for a coordinated effort Sept 22 after the FED announces theirs, for a race to the bottom
What if they print and come down hard on PMs in a coordinated fashion (such as introduce heavy taxes on purchase of PMs) and are able to get the G20 to fall in line as well -- will this ensure the continuity of fiat system?
NO! It will be the END of IT!
As I see it, the price of PMs rises if the market believes that there is discord between powerful countries (countries that could break ranks and go to a real asset based currency and make it stick unlike Libya) and there is possibility of group of like minded countries continuing to accumulate PMs to ultimately introduce a hard currency. But, if everyone agrees to hold their noses and continue to play along with the fiat games, wouldn't PMs become sidelined?
The fact that even after taking out Libya (and curtailed it's Gold demand), the fact that Gold has continued to climb suggests to me that there is continued scope for breakdown among the powerful countries...
That's exactley what I want Sheep, let them print so my shorts go to the moon and pass mars :))) did well on my long carrot futures :))) but i think with greece going down,(finally) I need to be short, I think the scams realize already they won't get shit so my 875ish on the S&P might happen after all or not?!? As always your input is much appreciated!
Ive looked at my options around the market, and have concluded the best thing for me to do is go to the gun show tomorrow and 'invest' more there!
Got my blessing! I'm good in that respect though! Fully stocked!
"This is a test of the G7 printer toner levels. This is only a test. Return to your posts."
How do you say "Fuck Greece" in french?
France is et tu greece
No, the real question is "if Turkey attacks France from the rear will Greece help"?
The real question is, if Israel attacks Turkey escorting that ominous Gazah Help Fleet, will the U.S. help their NATO partner ? And what about those 2 russian submarines heading for the mediterranean-rumour ? Turks chatting on the net about Israel supporting the PKK guerrilla in Kurdistan? The coming exploration of a huge natural gas field near Cyprus ? Questions, questions ...
putain la Grèce
socgen?
Gold Bitchez
I am going long communiques.....sounds good to me...besides gold and silver are down..
BTFD
I don't know how I missed this
Sen. Rand Paul Seeks Vote Of No Confidence In Secretary Geithner - 09/07/11http://www.youtube.com/watch?v=39zqOObjaPs
Kentucky Community Theater
Walmart is starting layaway.
Rent A Center is gonna suffer, along with the sheeple.
you mean like in Vegas?
Easing will NOT work.
It will only make matters worse.
MArket will drop into next week and then hopium delurium round 3 until it wears off 3x faster with the shit this time clogging the fan for quite some time. It will get smelly.
They know easing will not work, thats why theyre strapping sticks with carrots on everything.
Global easing? More like global gas pouring onto raging economic inferno.
Once again Tylers, excellent work!..<> Reality in motion...
More printing? Look out PM traders.
If the Swiss destroying their currency was bad for gold, then any financial shenanigans in Europe over the weekend may be bad too.
Submit. My reverse logic is inescapable.
On a more serious note, TPTB have drawn a line in the sand at $2000 gold and seem willing to defend it. Wouldn't you if you were them?
I see a crash in equities coming next week or the week after when the Fed meets, along with a completely illogical, manufactured, plastic bannana drop in gold prices. If gold does the logical thing and rises, we are liable to see them use up another precious margin hike, or two, or three. So far, they have been very stingy with those margin hikes in gold. If they haven't been saving them to defend $2k, what are they saving them for? They don't really have any other option.
My guess is they are hedged with GOLD, in case printing really sucks!
So what, dont TRADE gold day to day, buy and hold for the duration because all they have is money printing, therefore gold wins no matter what they do.
Print Baby, Print!
They can't just ease, that won't help insolvency and bonus issues. They need to feed copious euro-bux directly into the gaping maw of the banksters the same way bennie does it bitchez.
The other indication i noted yesterday was that the stinkiin' bureaucrats runnin' the BOE decided to stand pat by leaving the bond buying program unchanged so i presumed some form of co-ordinated action would be undertaken soon.
BCE is buying our bunga bunga bonds again. It's all OK there is nothing to announce.
I have an idea for the "communique":
"Wail, for the day of the Lord is near! It will come as destruction from the Almighty. Therefore all hands will fall limp, And every man’s heart will melt. And they will be terrified, Pains and anguish will take hold of them; They will writhe like a woman in labor, They will look at one another in astonishment, their faces aflame. Behold, the day of the Lord is coming, Cruel, with fury and burning anger, to make the land a desolation; And He will exterminate its sinners from it. For the stars of heaven and their constellations Will not flash forth their light; the sun will be dark when it rises, And the moon will not shed its light. Thus I will punish the world for its evil, and the wicked for their iniquity; I will also put an end to the arrogance of the proud, and abase the haughtiness of the ruthless. I will make mortal man scarcer than pure gold, And mankind than the gold of Ophir. Therefore I shall make the heavens tremble, And the earth will be shaken from its place at the fury of the Lord of hosts In the day of His burning anger."
Just saying....
The fucking Pig Dog MANIPULATORS are at it again are they...?
Imperialist Pigs.