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:


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

Update 2:


LOL, in other words:


What a joke

* * *

And the mother of all rumors strikes:


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...

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
azzhatter's picture

I drew $6K 5 times within 3 weeks. No problems, just told them ahead of time. Very few questions. But that was 2 years ago, now the gestapo has a lot of questions when I just take $1K.

tekhneek's picture

Any time I take out anything over 3k the cashier has to get an "override" to allow the withdrawl. I almost closed my account right then and there then the manager explained that she'd only been a teller for 3 weeks and they don't trust them to withdrawl anything over $300.

The fuck? To make things more interesting they cap your ATM withdrawls now. $500 at most places.

Something's brewing, I doubt the shit will hit the fan this weekend, but if it does I wouldn't really be too worried. Just have to remember where I wrecked my kayak.

geekgrrl's picture

I've had a lot of problems getting cash from my bank, and it's a credit union. 3k max, and don't try it near SS payment day, or end of month, or the end of the week, or they really complain. I've been given a number of excuses, but anything over 3k, and they say: "you know, you really should call ahead before you make these kind of withdrawals."

I'm tempted to take Pods' advice, and just take it all out in one lump sum.

rocker's picture

This is what they did all summer last year.  What a shame.

The only way to make the finacials go up is to make shorts cover. While the MM's sell their holdings.

CClarity's picture

And the VIX falls to lowest level of day . . . can't make this stuff up.

I guess Europe is all fixed!  Go back to EuroCup, US Open, and baseball and basketball.  Much better to gamble on those.

slewie the pi-rat's picture

the mother of all rumors has started a boner!

the dollar has broken 82 heading south and the EUR has popped 126 goin north and the stocks got a nice goose too

goldie lookin boldie too!


azzhatter's picture

Mandy Drury's nipples even popped a boner on CNBS

anyways's picture

this is easy. It's almost a given thing, that rising markets lead to falling implied volatilities and vice versa. So, this is expected behaviour for the VIX.

Silver Bug's picture

QE to infinity continues, don't believe what this banksters have to say.


Buy Silver, Take your Freedom back!

JustObserving's picture

Gold and silver should have been skyrocketing.  It is a manipulated market - plain and simple.  Silver is down today.  That is almost impossible with the promise of printing of trillions which may be required after the Greek elections.


TruthInSunshine's picture

What bankers want, bankers get.



"The modern banking system manufactures money out of nothing. The process is perhaps the most astounding piece of sleight of hand that was ever invented. Banking was conceived in iniquity and born in sin. Bankers own the earth; take it away from them, but leave them with the power to create credit, and with the stroke of a pen they will create enough money to buy it back again. . . If you want to be slaves of the bankers, and pay the costs of your own slavery, then let the banks create money."


--Josiah Charles Stamp;

former director of the Bank of England

El Oregonian's picture





geekgrrl's picture

Eject the cores! It's the only way to escape the black hole of debt.

pkea's picture

coordinated action to do nothing

pkea's picture

look at who's running those algos

pkea's picture

Let me get it straight:

so Italy, spain, france will print trillions and be bailing themselves out?



Assetman's picture

Either that, or that little print shop in the remote village of the Swiss Alps is printing enough New Drachmas to provide enough toilet paper to cover the whole Greek population... and then some.

It doesn't matter who wins the elections... the Greek government will still want to spend more money than what it takes in.  The sooner the EU realizes the lost cause, the better.

Egypt, on the other hand, is about to become another crazed theocracy.  Oh joy.

Jonas Parker's picture

That little print shop in the remote village of the Swiss Alps is going to be printing new Deutchmarks, as Germany bails from the economic cluster-fuck that the euro has become...

noses's picture

No, dear, Germany would never have anyone print a new currency for them, that's why there still is the Bundesdruckerei ("federal print shop").

Assetman's picture

One would wish that were the case.

Mark123's picture

You mean Egypt will be more like Israel?  Only difference is that Egypt is poverty stricken, no nuclear arsenal, no high tech armed-to-the-teeth military.


Pathetic pavlovian crap.

Assetman's picture


Nope.  Egypt will be more like Iran... but I see what you did there, and I respect the misguided attempt to compare apples to oranges.  Or is it fezzes to those little beanie caps without the helicopters?

Pardon the tangential thoughts... do agree that Egypt will not likely become an international threat overnight, but radical regime change invites regional instability... and makes one wonder whether the billions per year were were providing them in military assistance really makes any sense, as allegiances are likely to change.

Of course, if you flip the argument on its side, one can make the case that an eruption to chaos in Egypt might be a conventient trigger point (or adequate cover) for other major powers (like China and Russia) to be even more involved in the region.


TheFourthStooge-ing's picture

pkea said:

Let me get it straight:

so Italy, spain, france will print trillions and be bailing themselves out?


Well, technically, Kimberly-Clark will be doing the actual printing.

RmcAZ's picture

Buy EVERYTHING, ask questions later.

gatorengineer's picture

They could give a shit about greece.  They are just doing this to prop Obama.  Nothing more nothing less.  Dow at 15000 on election day ices it.  Saudi's and Jews playing nice till then.   After November all hell really breaks loose.

Buck Johnson's picture

They would never say something like this early unless they are afraid of what I commented on earlier on another story.  And that is Friday being a bloody day across the globe where people and institutions are getting out of market and waiting for what happens in Greece and other countries.  In fact to be honest with you they just made it alot easier for the right wing guy to win now, because if the public believes that they rest of the G-20 will come  to the rescue they can renegotiate the deal.  This announcement was for the market and I don't think people believe it, not one bit.

geewhiz190's picture

everything's going to be just fine, have a nice weekend everyone!

eclectic syncretist's picture

Leaked rumor ramp by someone who expects a big down day on Monday.  Nice!  Maybe these guys are getting easier to read.

wagthetails's picture

that actually what scares me the most...the fact that the game finally seems obvious, and I mean smack you in the mouth obvious.  before a lot of the conspiracy stuff i took with a grain of salt...but it is way too obvious now. we must be that close (or the Powers think we are that close) to the end. 

like in the movies, this rumor is the last carzy thing a dying person says, followed by the death rattle.  The next two trading days will be crazy.


hedgeless_horseman's picture



Nobody expects the coordinated action!


Cue denial of coordinated G20 intervention in 4...3....2....1


Dr. Engali's picture

Denial will come after the close when the robots are off.

sunaJ's picture

Coordinated Action:  We will pillage and rape.  You will present your gold and women.


slewie the pi-rat's picture

nobody, h_h! 

the inception proves the rule, BiCheZ!

slewie the pi-rat's picture

tyler nailed it


now this mother0'rumorz and the money loves it!

fuue_the_k?  L0L!!! 

fuu's picture

There was a sale on U's after I had to post the C and K as collateral.

It truely was a thingaB.U_T.

duo's picture

The Bernank has to make his announcements before the market open on options-expiration Friday.  Somebody is front-running the Bernank.

NemoDeNovo's picture

Nobody expects........

The Spanish Inquisition!!!!!!
noses's picture

What would they have to coordinate? Just reboot the Matrix and try again. Agent Bernanke will need some reconfiguration but everything else will just be fine.

Divided States of America's picture

So basically they know that the Greek elections will be market negative. Good job G-20 assholes for letting the cat out of the bag.

Unprepared's picture

Who are these Gees minus Twenty everybody is referring to? A new rock band?

Chaffinch's picture

I think G minus 20 must be some new way of expressing a credit rating. Maybe it's the credit rating for the whole world's Central Banks.
Without those damned Silver Bears I'm struggling to understand WTFuck is going on these days.

Bagger's picture

There are lots of possible outcomes to the Greek elections. I don't see any of them being market positive (other than first 2 hours).

They are just using the elections to delay any action. They they will use G-20 meeting, and then something else. Just more can kicking........

asteroids's picture

They also never say anything during the trading day. Hmmm. Someone is positioning for a short?

digitlman's picture

What happens Sunday?