Here Comes The Mother Of All Rumors: G-20 Sources Say Central Banks Preparing For Coordinated Action

Tyler Durden's picture

Update 1: and here comes the revision:

  • G20 SOURCES SAY CENTRAL BANKS PREPARING FOR COORDINATED ACTION AFTER THE GREEK ELECTIONS IF NEEDED

So... if Syriza wins, and Greece leave the Eurozone, there will be a response? Unpossible.

Update 2:

  • EUROZONE MINISTERS TO HOLD CONFERENCE ON SUNDAY TO DISCUSS OUTCOME OF GREEK ELECTIONS

LOL, in other words:

  • STUFF MAY OR MAY NOT HAPPEN DEPENDING ON WHAT MAY HAPPEN.

What a joke

* * *

And the mother of all rumors strikes:

  • G20 SOURCES SAY CENTRAL BANKS PREPARING FOR COORDINATED ACTION AFTER THE GREEK ELECTIONS

One small problem. Central banks NEVER indicate in advance what they will do. This is merely a desperation attempt to ramp markets into the close, and sucker even more retail into stocks ahead of Sunday. Now we wait for the denial because otherwise some pathetic G-20 leak just made central banks everywhere irrelevant and obsolete: remember what happened to Jamie Dimon when in March he front-ran the Fed...

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SHEEPFUKKER's picture

Pop goes the weasel. 

CClarity's picture

Utter proof that the algos run the market.  Equities, FX, bonds.  So sad . . . May I say i hope they blow up a few firms for this assholic behavior.  

Pladizow's picture

As of yet, gold doesnt believe it!

sunaJ's picture

I'll tell you what happened to Jamie Dimon:  nothing.

MillionDollarBonus_'s picture

If the Greek anti-bailout parties win the election this weekend, all hell will break lose. THe stability of the global financial system isliterally at stake. It is the duty of every responsible Greek citizen to do their part and vote either Socialist or ND, or they will be to blame for the chaos that ensues. 

Ahmeexnal's picture

The only coordinated actions central bankers can do is run and hide, for when TSHTF 7 billion sheeple will be looking for them with pitchforks, rope, tar, feathers, guillotines, baseball bats.....and an infinite thirst for JUSTICE!

12ToothAssassin's picture

A rumor of this magnitude surely means the end is near? Or at least they think its in sight?

Ahmeexnal's picture

Stanford sentenced to 110 years for a puny 7 billion ponzi scheme.

How much will those running the quadrillion ponzi scheme called "global financial system" will be slapped with?

 

http://www.marketwatch.com/story/stanford-sentenced-to-110-years-in-jail...

Pinto Currency's picture

This planet has yet to see a coordinated central bank.

Never mind 20 central banks working together in a coordinated fashion.

Divided States of America's picture

Funny, are all rumors now ONLY GOOD??? I swear, at home, at work, with the wifey, all the rumors turn out BAD, but I guess not if it relates to the financial markets, if its a rumor, it has to be GOOD.

CClarity's picture

As Dan Alpert just tweeted, "G20 central banks to attempt to vaccinate the world against Greek "plague." But the vaccine is really just pain medication. Cures nothing."

HarryM's picture

Rumors are very effective

Start a rumor that someone molested a child , even if found to be baseless and you've ruined that persons reputation for life.

 

 

Badabing's picture

Corzine molests little girls.

Race Car Driver's picture

Banksters = Child Molestors = Republicans

akak's picture

You forgot to mention the Democrats, who are of course equally guilty as the Republicans in all crimes against the American people.

The Monkey's picture

Coordinated central bank action. It's expedient. In the short-term it, kind-of, works (narrows speads, etc.)

In the longer term... Well, that's the million dollar question isn't it?

f16hoser's picture

Corzine should get at least twice that (220 years)....

hedgeless_horseman's picture

 

 

Stanford was once considered one of the richest men in the U.S., with an estimated net worth of more than $2 billion. His financial empire stretched from the U.S. to Latin America and the Caribbean. But after his arrest, all of his assets were seized and he had to rely on court-appointed attorneys to defend him.

 

http://finance.yahoo.com/news/stanford-gets-110-years-role-171331968.html

That's not cricket!

Muppet Pimp's picture

If the fraudsters would only learn, fraud is allowed (encouraged really) only on our team.  Fraud for any other teams will be punished.  Who's your daddy?

Ghordius's picture

Nope, Tyler is 100% right, INHO. Don't underestimate only because you hate.

macholatte's picture

 

 

The can shall be kicked!

"So let it be written. So let it be done."

RedMeansGo's picture

I imagine this is what Ben looks like standing next to the printer.

http://www.youtube.com/watch?v=T9uuPza41Uw

Cadavre's picture

Seeking advice: Would now be a good time to consider coming back into the market.

Or, is the dump so complete that the supply of available stock certificates such that it will price up to meet HFT demand?

The PPT is at it again - when the print isn't enough have the administration's economic advisory board hit the phones and said buy or we all die!

Then there's this:

Due to the extreme volatility some market analysts foresee could result in the coming days, OANDA fxTrade will not accept any trading activity from 6:00 AM EST until approximately 3:00 PM EST, on Sunday, June 17, 2012. OANDA believes the convergence of a major market event during off-market hours represents a potential trading risk and has taken this rare step to protect traders from excessive rate fluctuations.

Please note that during this halt in trading, you can still access your account details but no trading activity will be accepted. For this reason, OANDA strongly recommends that all traders consider minimizing currency exposures prior to the trading halt.

If you do intend to maintain open positions during this period, be aware that OANDA will hold exchange rates steady during the trading halt. However, when trading resumes, rates will immediately adjust to the current market rate and it is possible that the updated rate could result in a margin closeout if the price has moved significantly against your positions.

Therefore, it is your responsibility to ensure you have adequate funds in your account to prevent a margin closeout.

OANDA apologizes for any inconvenience this may cause.

For more information, please contact a Customer Service representative.

Best regards,

The OANDA team

And I was looking forward to selling my FB shares once they hit my 42$ buy in price .. and then go hog wild on Groupon

Dapper Jamie and "seat belt" Corrazine, as well as the entire Senate Banking Committee, need to be brought up on RICO and corruption charges, but the FBI and DoJ is too busy covering it's "greased palm" relationships with Drug Cartels and founding false flag news items.

These gansters really think they are going to get away with this shit?

If you think I'll sit around as the world goes by
You're thinkin' like a fool cause it's a case of do or die
Out there is a fortune waitin' to be had
You think I'll let it go you're mad
You've got another thing comin'

(.. "You've Got Another Thing Coming"  Judas Priest)

Bwahaha WAGFDSMB's picture

I thought the only thing central bankers knew how to do was ctrl-p.

Unprepared's picture

It is the duty of the US Army to bomb the hell out of Greek citizens to avoid a global catastrophe

XitSam's picture

It's amazing. You've reinvented yourself from a troll into a comedian.

SilverTree's picture

From a dumbfuk to a silly dumbfuk.

Bwahaha WAGFDSMB's picture

Finally found your sense of humor?  MDB has always been a comedian.

CommunityStandard's picture

Except there are no anti-bailout parties, only anti-austerity.  They all still want German money.

crkennedymd's picture

Good. Bring on the chaos. Sick of waiting for the wind in my hair as we sail off that cliff!

old naughty's picture

I am a non-believer, ever since RandP "re-aligned".

Dr. Richard Head's picture

Hey, I actually agree with you, on the first part of your statement.  All hell will indeed break loose, but only for those that are artificially propped up by the fiat ponzi circle jerk. 

The latter part of your statement is false though.  The banksters and their hidding of debt prior to the Lisbon treaty will be responsible for the chaos that ensues, as will cock gobblers like yourself.

BeetleBailey's picture

It's hard to resist not liking you BillionBullshitBounce...but with every post, it's easier and easier.

As Hugh Culverhouse once said to Al Davis;

"Let me be perfectly clear - Fuck....You".

Bansters-in-my- feces's picture

I can't tell you enough times MDB.......Fuck Off FuckTard.

blueridgeviews's picture

If the world financial system can be knocked into chaos by a little country like Greece then it NEEDS to fail! It's worthless.

Meatballs's picture

Hey MDB. I have an idea- why don't you blow it out of your ass. Greek citizens have very little to do with this fiasco and if they are smart will follow Iceland's lead.

It is well past time for this shit to be over and the people to rise up worldwide and move on with some dignity...the bankers et al? Fuck'em, their time is drawing to a close.

Bunga Bunga's picture

You should get your own show on Moron TV.

TheFourthStooge-ing's picture

Bunga Bunga said to MDB:

You should get your own show on Moron TV.

[cough]...Kudlow Report...[cough cough]

iDealMeat's picture

I'm in the mood,  in the mood to go pick up some more ammo..

just have that feeling..

JohnG's picture

I've been pulling my cash for 3 weeks.  I feel it too. 

Dr. Richard Head's picture

Due to recent wire transfers, I will be stuck with a deposit in the bank that would require me to withdraw three different times over three different day and three differrent locations. otherwise, if one lump sum, it would require the bank to document (along with photo copy of my id and explination of withdraw, purposes, and current job title/function) my withdraw and submit to DHS. Yeah, land of the free baby.

Plus, they probably don't have enough cash on hand. Can't drive to the coin shop and jump in my canoe quick enough.

CommunityStandard's picture

Just withdraw and let them report it.  They could pull your license and job info if they wanted it anyway.  Better to have the cash.  Additionally, you can call the bank ahead of time and ask them to order the cash - happens all the time.  They'll let you know the earliest they can have it by.  (Don't ask for their shipment days though.  They might suspect you of attempting an armed robbery.)

pods's picture

You will be in more trouble if you try to "structure" your withdrawals to avoid a report.

They made sure they cover all bases.  Go with the lump sum, call them ahead and take it in cash.  That always pisses them off.  

Anything over like 5-10k they will have to scramble to get the currency together.

If that isn't scary, I don't know what is.

pods

Patriot Eke's picture

If you really want to piss them off, ask for it in half dollars.  Back the truck up.  At least the metal has intrinsic value, and the weight makes it harder for someone to walk away with your safe.

iDealMeat's picture

You Sir, get it..  However, I would suggest nickels.

Dr. Richard Head's picture

HA! I just called them to inquire about making the lump sum withdrawal tomorrow.  They said they generally need a week to two in order to accomodate the withdrawal, but should be able to scrape up enough to fullfill the amount. 

I wish the sheep around me would understand what I mean by fractional reserve banking when I talk to them.  Oh well, at least they (those around me that I screamed to for five years) can't say they were warned. Fuck, if they understood Repo105, Mark to model, and various other dubious acts of these scheisters, they would be as paranoid as I was.

Joke em if they can't take a fuck.

lemonobrien's picture

i'm withdrawing in small denominated bills, nothing higher than a 20.