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...

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Thu, 06/14/2012 - 16:16 | 2527092 azzhatter
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.

Thu, 06/14/2012 - 16:57 | 2527218 tekhneek
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.

Thu, 06/14/2012 - 22:02 | 2528009 geekgrrl
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.

Thu, 06/14/2012 - 15:15 | 2526788 rocker
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.

Thu, 06/14/2012 - 15:20 | 2526789 CClarity
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.

Thu, 06/14/2012 - 16:00 | 2527039 slewie the pi-rat
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!


Thu, 06/14/2012 - 16:17 | 2527096 azzhatter
azzhatter's picture

Mandy Drury's nipples even popped a boner on CNBS

Thu, 06/14/2012 - 18:49 | 2527476 anyways
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.

Thu, 06/14/2012 - 15:42 | 2526938 Silver Bug
Silver Bug's picture

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


Buy Silver, Take your Freedom back!

Thu, 06/14/2012 - 16:09 | 2527065 JustObserving
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.


Thu, 06/14/2012 - 15:38 | 2526798 TruthInSunshine
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

Thu, 06/14/2012 - 15:28 | 2526866 El Oregonian
El Oregonian's picture





Thu, 06/14/2012 - 15:53 | 2526987 geekgrrl
geekgrrl's picture

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

Thu, 06/14/2012 - 15:34 | 2526899 pkea
pkea's picture

coordinated action to do nothing

Thu, 06/14/2012 - 15:41 | 2526932 pkea
pkea's picture

look at who's running those algos

Thu, 06/14/2012 - 15:11 | 2526749 old naughty
old naughty's picture

Damn !

Thu, 06/14/2012 - 15:18 | 2526811 pkea
pkea's picture

Let me get it straight:

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



Thu, 06/14/2012 - 15:38 | 2526914 Assetman
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.

Thu, 06/14/2012 - 15:50 | 2526974 Jonas Parker
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...

Thu, 06/14/2012 - 18:21 | 2527430 noses
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").

Fri, 06/15/2012 - 02:03 | 2528459 Assetman
Assetman's picture

One would wish that were the case.

Thu, 06/14/2012 - 16:29 | 2527131 Mark123
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.

Fri, 06/15/2012 - 02:18 | 2528472 Assetman
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.


Thu, 06/14/2012 - 22:11 | 2528034 TheFourthStooge-ing
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.

Thu, 06/14/2012 - 15:20 | 2526826 RmcAZ
RmcAZ's picture

Buy EVERYTHING, ask questions later.

Thu, 06/14/2012 - 15:20 | 2526828 pop goes the weasel
pop goes the weasel's picture


Thu, 06/14/2012 - 20:59 | 2527821 gatorengineer
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.

Thu, 06/14/2012 - 21:54 | 2527980 Buck Johnson
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.

Thu, 06/14/2012 - 15:10 | 2526731 geewhiz190
geewhiz190's picture

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

Thu, 06/14/2012 - 15:13 | 2526769 eclectic syncretist
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.

Thu, 06/14/2012 - 16:17 | 2527095 wagthetails
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.


Thu, 06/14/2012 - 15:10 | 2526732 hedgeless_horseman
hedgeless_horseman's picture



Nobody expects the coordinated action!

Thu, 06/14/2012 - 15:16 | 2526793 SHEEPFUKKER

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


Thu, 06/14/2012 - 15:22 | 2526841 Dr. Engali
Dr. Engali's picture

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

Thu, 06/14/2012 - 15:30 | 2526874 sunaJ
sunaJ's picture

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


Thu, 06/14/2012 - 15:17 | 2526801 slewie the pi-rat
slewie the pi-rat's picture

nobody, h_h! 

the inception proves the rule, BiCheZ!

Thu, 06/14/2012 - 15:56 | 2527009 fuu
fuu's picture

slewie the dur-den?

Thu, 06/14/2012 - 16:08 | 2527057 slewie the pi-rat
slewie the pi-rat's picture

tyler nailed it


now this mother0'rumorz and the money loves it!

fuue_the_k?  L0L!!! 

Thu, 06/14/2012 - 16:32 | 2527145 fuu
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.

Thu, 06/14/2012 - 15:24 | 2526847 duo
duo's picture

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

Thu, 06/14/2012 - 16:16 | 2527091 NemoDeNovo
NemoDeNovo's picture

Nobody expects........

The Spanish Inquisition!!!!!!
Thu, 06/14/2012 - 16:43 | 2527177 PalladiumJockey
PalladiumJockey's picture

Use the pointy side of the bills!

Thu, 06/14/2012 - 18:23 | 2527433 noses
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.

Thu, 06/14/2012 - 15:12 | 2526733 Divided States ...
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.

Thu, 06/14/2012 - 15:14 | 2526776 Unprepared
Unprepared's picture

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

Thu, 06/14/2012 - 15:17 | 2526797 NotApplicable
NotApplicable's picture

Nah, planetary cancer.

Thu, 06/14/2012 - 16:07 | 2526976 Chaffinch
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.

Thu, 06/14/2012 - 15:16 | 2526792 Bagger
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........

Thu, 06/14/2012 - 15:10 | 2526734 asteroids
asteroids's picture

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

Thu, 06/14/2012 - 15:10 | 2526736 digitlman
digitlman's picture

What happens Sunday?

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