The Global Liquidity Bailout Arrives: World Central Banks Announce Global Dollar Shortfall Funding Resolution

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Thu, 09/15/2011 - 09:07 | 1672750 LRC Fan
LRC Fan's picture

Wtf is going on?

Thu, 09/15/2011 - 09:08 | 1672759 EscapeKey
EscapeKey's picture

Full economic spectrum manipulation.

Expect crackdowns on "financial freedom" in the name of "preventing economic terrorism".

Thu, 09/15/2011 - 09:10 | 1672776 IBelieveInMagic
IBelieveInMagic's picture

Man the swap lines pumps -- this is a Category 5 hurricane!

Thu, 09/15/2011 - 09:19 | 1672789 hedgeless_horseman
hedgeless_horseman's picture

It's raining everywhere in the world but Texas.


PS:  09-14 16:48: US Senator Reid says will do a China currency bill quickly

...because those chi.coms are such currency manipulators.  We definitely need to bomb them.

Thu, 09/15/2011 - 09:25 | 1672874 thetruth
thetruth's picture

everyone should take a look at this right now

Thu, 09/15/2011 - 09:37 | 1672955 john39
john39's picture

fulford is a source of misdirection... none of the government stooges are going turn on their masters.  they will lick boots to the bitter end.

Thu, 09/15/2011 - 09:57 | 1673077 thetruth
thetruth's picture

maybe he is a source of misdirection.  i'd be happy to read any documentation you have on that, if it's available

Thu, 09/15/2011 - 13:46 | 1674041 Stockmonger
Stockmonger's picture

He wrote of the "311 nuclear tsunami attack" on Japan.  Got tinfoil hat?

Wed, 11/30/2011 - 11:18 | 1930069 pebblewriter
pebblewriter's picture

I was hoping aliens were somehow involved...

Thu, 09/15/2011 - 09:30 | 1672913 Oh regional Indian
Oh regional Indian's picture

Holy M Oly! This has to be the biggest can kick attempted yet.

So, no dollar shortages means no dollar ramp? That means Japan is saved? Eur/USD steadied? SNB decision makes perfect sense in this scenario?

How do we take the controllers to task? Who takes them to task? 

And Au/Ag? Watch, Au is doing the slide while Ag is holding a little better. Whut is up? 

Crazy. Really not worth "trading" this market, how can you account for such intervention? 

Go on, take your money and run!


Tipping Points

Thu, 09/15/2011 - 09:46 | 1673006 sushi
sushi's picture

And the markets jump up!

This is like having every fire truck in the county arrive at the door of your apartment building and the clown on TV is saying this is good news.

Thu, 09/15/2011 - 19:27 | 1675405 Bwahaha WAGFDSMB
Bwahaha WAGFDSMB's picture

But, when the building is on fire, fire trucks showing up IS good news.

Thu, 09/15/2011 - 09:42 | 1672987 baseball13
baseball13's picture


Thu, 09/15/2011 - 09:44 | 1672997 Chuck Walla
Chuck Walla's picture

Really now, who's going to arrest George Soros?

Thu, 09/15/2011 - 09:08 | 1672761 anynonmous
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Thu, 09/15/2011 - 09:12 | 1672787 Scottj88
Scottj88's picture

A Den of Vipers and Thieves they all are.... welcome to history repeating itself once again.

Gentleman, I have had men watching you for a long time and I am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country.

When you won, you divided the profits amongst you, and when you lost, you charged it to the bank.

You tell me that if I take the deposits from the bank and annul its charter, I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin!

You are a den of vipers and thieves.

Andrew Jackson, (7th US President, when forcing the closure of the Second Bank of the US in 1836 by revoking its charter)

Thu, 09/15/2011 - 09:16 | 1672816 EscapeKey
EscapeKey's picture

Yeah, I like the 2nd bank of the US history; I always compare Bernanke to Biddle when discussing Keynesians, but obviously, it's "totally different this time". They also usually refuse to discuss the origins of the 3rd bank of the US.

Anyway, just off Marketwatch;

"9:10a Moody's Italian downgrade seen as likely"


Predictably, the market doesn't take notice.

Thu, 09/15/2011 - 09:23 | 1672865 Scottj88
Scottj88's picture

When you say the market doesn't take notice, do you mean the algorithms have not yet been turned on?

Thu, 09/15/2011 - 11:53 | 1673601 I did it by Occident
I did it by Occident's picture

9:10 to Yuma?

Reminds me of that movie 3:10 to Yuma.  Good movie, but it's looking like things will end like in the movie.  Most people die and the bad guy gets away. 


Thu, 09/15/2011 - 09:49 | 1673028 baseball13
baseball13's picture


Thu, 09/15/2011 - 09:10 | 1672770 oobrien
oobrien's picture

Good citizen of Metropolis!

Here's my opinion.

Fuck. Shit. Fuck. Shit.

Now you can take that advice to the bank!

Thu, 09/15/2011 - 09:22 | 1672847 LeBalance
LeBalance's picture

Endless printing and don't say a !!!!!!! word about it!

It's OK and that's the Law!

Thu, 09/15/2011 - 09:38 | 1672969 trav7777
trav7777's picture

dollar flood...

Thu, 09/15/2011 - 11:55 | 1673607 I did it by Occident
I did it by Occident's picture

Why are Ag and Au down 3%?  Something's not clicking. 


Thu, 09/15/2011 - 09:49 | 1673019 mantrid
mantrid's picture

Just as described by Jefferies and ZH:



The bottom line is that it looks like a Lehman like event is about to be unleashed on Europe WITHOUT an effective TARP like structure fully in place. Now maybe, just maybe, they can do what the US did and build one on the fly - wiping out a few institutions and then using an expanded EFSF/Eurobond structure to prevent systemic collapse. But politically that is increasingly feeling like a long shot. Rather it looks like we will get 17 TARPs - one for each country.

Ah, 4 already running, 13 more to go...

Thu, 09/15/2011 - 09:07 | 1672751 Cassandra Syndrome
Cassandra Syndrome's picture

They never learn. Hyperinflation is a certainty.

Thu, 09/15/2011 - 09:22 | 1672855 LeBalance
LeBalance's picture

Always was.

Thu, 09/15/2011 - 09:07 | 1672752 LookingWithAmazement
LookingWithAmazement's picture

The banks get dollars - crisis over.

Thu, 09/15/2011 - 09:23 | 1672862 Bicycle Repairman
Bicycle Repairman's picture

Another kick of the can.  The underlying problems remain.

Thu, 09/15/2011 - 20:45 | 1675685 udecker
udecker's picture

It works each time they've done it, so why stop now?

Thu, 09/15/2011 - 09:40 | 1672977 maxmad
maxmad's picture

oops!  Looks like the manipulated BS rally is almost over already!  We finish lower on the day!

Thu, 09/15/2011 - 09:46 | 1673005 LookingWithAmazement
LookingWithAmazement's picture

PMs you mean.

Thu, 09/15/2011 - 09:07 | 1672753 EscapeKey
EscapeKey's picture

May one ask what constitutes "eligeble material"? Shares in Lehman Bros at 2007 peak price?

Thu, 09/15/2011 - 09:33 | 1672935 Hansel
Hansel's picture

Papers... business papers... also there were some Creedence tapes...

Thu, 09/15/2011 - 20:12 | 1675563 WmMcK
WmMcK's picture

Big wheel keeps on turning ...

Thu, 09/15/2011 - 09:08 | 1672754 unky
unky's picture

is that the reason for the EUR/USD spike?

Thu, 09/15/2011 - 09:10 | 1672774 EscapeKey
EscapeKey's picture

That was probably due to the Greek crisis being solved once and for all a few days ago (for the 3rd time).

Thu, 09/15/2011 - 09:08 | 1672756 GoldmanBaggins
GoldmanBaggins's picture

One step closer to the solution.

Thu, 09/15/2011 - 09:08 | 1672758 SeverinSlade
SeverinSlade's picture

I wish I could get a bail out whenever I had a liquidity problem. 


Thu, 09/15/2011 - 09:09 | 1672762 semperfi
semperfi's picture

The bailouts will continue until morale improves - or the shooting starts - whichever comes first.

Thu, 09/15/2011 - 09:09 | 1672764 Sophist Economicus
Sophist Economicus's picture

I've got some bad receivables I'd like to monetize.  Can I get in line too?

Thu, 09/15/2011 - 09:10 | 1672768 LookingWithAmazement
LookingWithAmazement's picture

PMs down - crisis over. Told you so.

Thu, 09/15/2011 - 09:11 | 1672782 HelluvaEngineer
HelluvaEngineer's picture

Right.  Cause infinite money printing is bearish for metals.

Thu, 09/15/2011 - 09:12 | 1672797 LookingWithAmazement
LookingWithAmazement's picture

Who says it goes to the PMs? Apparently not.

Thu, 09/15/2011 - 09:15 | 1672810 Ricky Bobby
Ricky Bobby's picture

Only real savings go to PM's. Play money goes down the UBS affirmative action rabbit hole.

Thu, 09/15/2011 - 09:38 | 1672970 falak pema
falak pema's picture

Kweku Adoboli is now destined to be as famous as Didier Drogba the footballer. Or Jerome Kerviel his fellow scammer.

Some rabbit holes are lined in tungsten gold. During the spell in prison he can write his memoirs.

Thu, 09/15/2011 - 09:26 | 1672882 Bicycle Repairman
Bicycle Repairman's picture

Not today.  How long will this 'stick save' last?

Thu, 09/15/2011 - 09:24 | 1672872 Bicycle Repairman
Bicycle Repairman's picture

Until the next crisis.

Thu, 09/15/2011 - 09:09 | 1672769 anynonmous
anynonmous's picture

ironic timing

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