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Flair For The Drachma-tic: ICAP Preparing For Return Of Greek Currency
As if we needed another reason to send the ES higher by a few more percent in the premarket session on 10 or so ES contracts, the news that ICAP is already preparing for the end of the Euro should do it:
- ICAP Testing Trades In Greek Drachma Against Dollar, Euro
- ICAP has reloaded old drachma templates for spot foreign exchange and derivatives (NDFs)
- ICAP Drachma Tests Are Only Precautionary
- Drachma Currency Pairs Not Yet Launched For Trading, May Never Be Used - Execs
- ICAP Testing Trades In Greek Drachma Against Dollar, Euro - Executives
Via Dow Jones
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Greece is such a Drachma queen.
While everyone is watching Italy & (now) Germany (failed auctions, closer scrutiny of their alleged fiscal 'health'), look towards both the France and England.
There will be fireworks.
Or China and the U.S.
Greece has a mere 4% or 5% out of the 100% (God knows what the actual number is, but it is rather high) of the unpayable debt owed by PIIGSFUK (not even counting private banking/sector debt nor derivative liabilities owed or to be owed soon).
US lending them even more, makes PIIGSFUK-US
Technically, I'd argue it's Red Shield Partners, PLLC, a far more global and specialized NGO...
GMOs will subdue any insurrection by the sheeple.
German BASF to carpet bomb Europe with GMO potatoEs:
http://www.prisonplanet.com/basf-tries-again-to-push-frankenpotatoes-on-...
Like what? You didn't think that the WTO/codex alimentarius, BASF and Monsanto didn't all have something in common? You think this is some sort of coincidence? Come on, man!
"PIIGSFUK-US"
Absolutely classic comment.
On the bright side...
Black Friday went well. Sales are up despite the pepper-spray.
http://fucklloydblankfein.blogspot.com
I wonder what next years shopper weapon escalation will bring?
Perhaps we can go back to the days of yester-year and arm the citizens with Thompson machine guns.
Now that's Christmas!
http://fucklloydblankfein.blogspot.com
China has a banking crisis, not a sovereign crisis, different animals. External debt is not an is in China, (no safety net on healthcare and pension = no entitlement debt). China faces banking crisis and hard lending not a sovereign crisis. US does not face a sovereign debt crisis as it can print, it faces a potential renewed banking crisis with knee deep exposure to Europe and derivatives, it for sure has a serious potential for a currency (collapse) crisis medium term. Euro collapse is actually bullish for dollar (Bric assets unwinding from eurozone and central banks revisiting reserve currency allocations.
"China has a banking crisis, not a sovereign crisis, different animals."
one thing is for certain - the opium trade is on steroids in the entire country - he who forgets his 'boxer's', is once again caught naked swimming upstream!
Watch it now, you. I majored in Drachma.
Keep your eye on the hanging, the pickpockets are working 24/7
Can i borrow billions in USD then offter to pay it back in monopoly money?
you do realize that monopoly money is real physical paper?
Well thats true. But my point was can i just borrow billions then pay it back in a currency i print in my basement?
Its just silly how the fiat system operates.
On a similar note, what happens if you borrow billions of Euros just before the currency dies?
Buy stuff quick!!!!
Same thing you would do just before the dollar dies.. rush off to Sam's club, stock up on shit paper and spam.. charge it all on the bac card and haul ass up out of there.
why wait untill the dollar dies do it now and fuck the cards off.
how else are they gonna pay for that big fat greek wedding?
Good for the Greeks. It will be tough for a number of years, but they will be better off in the end.
Contrary to Paul Krugman's advice, Iceland took the red pill and they swear it's worked wonders for them.
After all, it's not good practice to stiff people who provide real work or goods to you, but by all means, hold your chin high and even extend the middle figure to any sorcerer who conjures money from thin air and tries to stuff it into your pocket (along with some alleged contract obligating you to pay it back or give them the true things of value you own).
Give those conjurers the beat down.
tough for a number of years? that is the understatement of the year, no doubt.......
hello amerika ...........watch and learn...........
I'm packin' for Santorini......packin' for Santorini......la, la, la!
Can I get 30 handles....40? 50?
Maybe they can turn it into a show like Storage Wars?
That'd be good if that happened (if they returned to the Drachma).
libertarian86.blogspot.com
so what are they going to do? jetison the piigs and let them wither on the vine?
Not until they have all the money that they can steal from the IMF and the US taxpayer first.
Money first then they get the boot.
i am thinking some kind of imf bailout is in the works and we all know who funds the imf.........
Should make for a nice arbidrachmage.
Get under the desk.... This is only a test
"Bring out yer dead!"
http://www.youtube.com/watch?v=grbSQ6O6kbs
It doesn't matter
http://www.youtube.com/watch?v=E-bIMxB4zA8&feature=related
And then you must cut down the value of your bond debt by 50% with ... a herring!
Is Vaseline optional?
What would Greece mint as their new 1 Oz silver or gold coins to celebrate the return of the Drachma.
Sorry, just make that a new copper 1 Oz, getting carried away with myself there.
A 1 Oz Drachma with a pig on the front and a burning Eiffel tower on the back might be nice.
That is a novel idea. I wonder if the US Mint might be able to produce that the USSA
Too bad we aren't testing California on the Peso
CA is testing with IOU's for now.
Maybe the NWO loses after all. And I'd be biased long Mark/Drc.
That would be brilliant.
But these people have big stamina.
They won't give up easily.
Not before half of us are killed.
In the end doesn't this mean the euro is worthless? I don't understand the ramp tonight.
Have you also heard the news about DeLaRue ?
The best minds on wall street, using the biggest computers in the world, have determined there will be a rally. A Santa Claus rally.
Thank God for that.
More info on ICAP here....
http://www.ft.com/cms/s/0/6b0fc088-1913-11e1-b490-00144feabdc0.html
Thanks.I didn't even know what it was and didn't see it in the ZH glossary.
Greece needs to have Walmart and experiment with Black Friday Sales.
iranian jews are perplexed about why the world is so anti iranian. they refuse to leave their homeland. something you won't read in any newspaper anywhere, that is for sure.........
http://www.youtube.com/watch?v=vA7yz2vciGk&feature=related
"islamic theology is in complete harmony with judaism" .........hmmmm?
UPDATE: Friends Remember Shopper Who Collapsed on Black Friday
http://www.wsaz.com/news/headlines/Man_Dies_on_Black_Friday_Shoppers_Unf...
RIP
WalMart surely isn't the place where I would want to draw my last breath.
.
All the "-isms" were/are inventions of the illuminati, the Freemasons of the 33rd degree.
1. Communism
2. Nihilism
3. Zionism
4. Fascism
5. Feminism
6. Progressivism
They are oozing artifice.
They are academic in nature.
You can almost smell it.
They picked some disgruntled guy to then make their academic vision become reality:
Inventor/academic -> Implementor
----------------------------------------------
1. Mordechai Marx Levy -> Lenin,Trotzky,Stalin,Mao
2. Friedrich Nietzsche -> Gothic/Emo/Pagan subculture
3. Theodor Herzl -> David Ben Gurion
4. Albert Pike himself (Ku Klux Klan) -> Mussolini, Hitler
5. Rosa Luxemburg/Clara Zetkin -> Woman's Lib
6. Rudolf Virchow et al. -> FDR, LBJ, Howard Dean
Yep. Thats the history of the last 250 years.
.
What about jism ?
Jism? Jism? I don't know? Let me shoot it past my wife.
A bunch of horse shit, comrade.
Nope.
You just slept on the bench in history lesson.
What is ICAP and why does it matter?
It's a big inter-dealer broker. They are a massive place that you've probably never heard of.
They hear every whisper and rumor around the clock.
"They hear every whisper and rumor around the clock." And for every whisper and rumor they go forth and multiply.
Nick Lenoir (remember him?) used to post charts etc here for our entertainment. Was he not one of their T/A team. Like all the IDB shops its a tough place to work, takes a certain type to do well. The Phone jockeys are not traders or descision makers, they just match buyers and sellers. The trick of being a good broker at this type of place is to persuade a powerful trader at a big bank that you are his best friend. The irony of ICAP and its main competitors is that the management dont much like the phone jocks and spend a lot of the revenues they generate trying to make them redundant with electronic platforms!
Any Lira trades out there yet?
Is the ICAP Drachma game for Android/Apple, or is it something for X-Box or PS3 ? Either way it sounds like fun.
insiders are selling into the rallies at fever pitch now, ahead of the middle east explosion about to commence!
The lastest rumor is the IMF is preparing an $800 Billion aid package for Italn and Spain.
http://www.telegraph.co.uk/finance/financialcrisis/8919470/IMF-drawing-u...
Amazing how the machine lashes out when the wealthy feel threatened.
100% FUBAR.
While we were watching other shoes drop, somebody found another shoe. The rumors of Germany printing currency were enough to shake things up. Greece does what it can to counter. This can't be setting up a good commercial environment in Europe.They're choosing not to hang together. Debt may yet hang them all.
http://georgesblogforum.wordpress.com/2011/11/02/the-daily-climb-2/
ICAP will be shorting GrandMothers before long. If not for the money, they'd have a life.
Paper paper everywhere...
http://en.wikipedia.org/wiki/Michael_Spencer
why has icap got inside information ? Michael Spencer runs it and was Camerons fundraiser and party chairman. He speaks to Cameron daily .I should know I speak to both of them occasionally.
Does this mean in a way Greece is pulling an Iceland here? I'm ignorant.