How Long Until The Bank Of Israel Has To Be Bailed Out On Its Apple Investment?

Tyler Durden's picture

In what was likely the most ominous news from last week (and a near certain top for the stock) we reported that now none other than the Israel Central Bank was going long shares of AAPL. While the implications for stocks in general are extensive and were previously discussed, it is worth noting that the Israel Monetary Authority now has a big MTM loss on its Apple investment (although as Greece and the ECB have taught us, a central bank can book a "profit" even when a given security is trading at an all time low, and completely irrelevant of what one's cost basis is). And where Israel is, it is quite certain that other central banks have boldly ventured as well. So how long until the Fed has to open an FX swap line with Tel Aviv to bailout Stanley Fischer in this latest of hare brained schemes to keep the Ponzi system going? And how long until it has to be extended to the nearly 250 hedge funds who are now also long the stock, with the universe of incremental buyers disappearing by the day? What is most stunning is that Apple dipped a modest 3% intraday... Which just happened to be the biggest decline since November 2010.

Comment viewing options

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

As long as the volume is only trade-bots, never.  next question.

Mark Carney's picture

Seems as though the post rate on ZH has gone down drastically.  NDAA in full effect?


On a long enough timeline (thanks to NDAA) the post average on ZH will reach ZERO.

SheepDog-One's picture

Apple bulls busy applying ointment to their bashed nutsacks.

resurger's picture

the Bears decided to gang bang goldilocks!!


The Big Ching-aso's picture



Well ya know that Garden of Eden thing started with an apple and it probably ends with an aapl.

Debt-Is-Not-Money's picture

And the common thread was getting F*uck'd !

blindfaith's picture



You can bet the Saudi Prince is NOT happy owning 10% of Apple...but then again Stevie sold it to him for $12.00 a share.  "Friends" count.

Frankly, Apple can go down hard to a buck, they deserve it after all the horid 'right-wing-nut' anti freedom, anti privacy, anti civil rights effords they have funded.


Makes me want to puke to see their crap in the schools that MY MONEY is funding.

Disenchanted's picture


If Israel/Fischer/Rthschld said it was going long US Equities, it probably really meant they were dumping them...


right out of the Goldman/Rthschld/Buffet playbook, no?


"See these great opportunites(that we hold massive quanties of), we think you should buy them(we're cleansing our portfolios of same)."


Donnie Duvanie's picture

Don't forget Saul Alinsky, you forgetful buffoon! Oh, sorry. That's politics, which has nothing to do with anything.

Dr. Engali's picture



"'right-wing-nut' anti freedom, anti privacy, anti civil rights effords they have funded"

Curious that it's the left wing crazies that are implementing all of these policies.

SAT 800's picture

You could of put that more tactfully. !  I was just thinking, vis a vis the statement of the intra-day dip; and what have you; maybe they really do ring a bell at the market top; DING !.

Hansel's picture

It's pretty normal.  In a bull market the traffic on all finance sites goes way down.

MillionDollarBonus_'s picture

I must admit my retail stock portfolio has been underperforming for some time now given Bernanke's ridiculous and childish hawkishness. I'm sick of this blatant manipulation of retail stocks by stingy CB's and impotent primary dealers. I'm seriously considering taking everything out of the stock market, putting it into US treasuries and just going off the grid – you know, just to teach them a lesson. Equity investors have sacrificed a lot for this country, and the lack of liquidity from central banks has been simply appalling.

UBIGDummy's picture

You missed a big window of opportunity for your satire.


It should have been along the lines of, Oh great, so the bank of Israel is gambling with US FOREIGN AID of 3 billion a year, and now took it to the Casino.  Where do I sign up to pay more taxes to fund Israel's foreign aid some more?



Abitdodgie's picture

3 Billion are you kidding we give them 50 Billion a year.  I mean come on what can you buy with 3 Billion its chump change.

Debt-Is-Not-Money's picture

"Israel is gambling with US FOREIGN AID..."

Not necessarily...

a. Israel announces it is 'investing' in AAPL stock, baiting the hook,

b. AAPL stock climbs nicely as more fish bite, a few days later,

c. One or more 'sell' orders pound the stock,

Is this reminiscent of Hilliary's cattle futures trade?

Who was behind these sales?

The best place to hide something is in plain sight.

Just sayin'...

Joseph Jones's picture

I'm so especially fond of the fact that the USA does not institute a government religion HERE, but rather it's OK to fund Israel with $3B a year...Israel being a country where they have a mandatory draft for government service (both genders) but "ten thousand" yeshiva students (Rabbi schools) are exempt...all male of course!  (You gals might also love the favorite Rabbinical praise to their Satanic god: "Thank you for not making me a woman.") 

Don't hold your breath waiting for any protests over here. 

Dr. Engali's picture

I'm seriously considering selling all my gold, silver, guns and beans and throwing everything I have into the market. I'll probably move into an inner city and live totally dependent upon the grid. I have put my full faith and trust into the Bernank with his digital money and Obama with his god like vision for the country. The future is bright. 

Abitdodgie's picture

I will do you a favor give me a price for the job lot and I will take it off your hands.

Bollixed's picture

Move over MDB, there's a new sheriff in town, baby.

LawsofPhysics's picture

Strange, my commodities portfolio has love uncle Ben.

FL_Conservative's picture

Catch the knife!!  Hurry!! Somebody catch the knife!!  Anyone.    Beuller.....Beuller.....Beuller.....

dwdollar's picture

The new new shekel?'s picture

Doesn't the Torah warn that one should beware of snakes bearing AAPLs?

john39's picture

that's why the Talmud effectively supersedes the Torah in practice...

Ahmeexnal's picture

They will sell a couple days (hours?) after the iPad extreme party.

It's the rest of the bagholder sheep who shall be the ones to weep.


SheepDog-One's picture

Tectonic shit plates under Israel under tremendous pressure, lead to what? Shitquake. 

FranSix's picture

The Shit Hawks Are Coming, Mr. Bubbles (now in HD!!)

Dead Canary's picture

Krapatoa, the shit volcano!

NotApplicable's picture

"Paging Brian Sack."

Sutton's picture

I thought Jews were smart.

They win all of the hard Nobels.  The darkies win the fuzzy, soft ones.

zerozulu's picture

No. You are looking the picture from the wrong side. They are not "FROM" but "TO" where the money is. Look at the link below and see. They were everywhere, wherever the money was. When they "rob" their money with the financial trickery and get their ass kicked, move to new rich territory. Problem right now is that Chinese are no fools and their planed new destination "India" turned out to be a complete bust.

Pay attention to the dates in this list.

Abitdodgie's picture

I would call that a time table of happy moments in history.

zerozulu's picture

Rest assured, Brooklynder will have fun too.

tamboo's picture

the swindling and murdering of nonjews tends to have a backlash.


The History of Jewish Human Sacrifice

 At the dawn of civilization, the blood rite, in which human blood is drunk from the body of a still- living victim...



FeralSerf's picture

That's why they need others to do the stealing for them, (e.g. Yamashita's gold, Black Eagle Trust, CIA) who then trust the Zionists to take care of the loot for them. It has been alleged that that trust is misplaced.

SheepDog-One's picture

Americans...bailing out billionaires mistakes for generations....and still just sit and download another IApp.'s picture

AAPL = Schlemiel

Israel Central Bank = Schlimazel

fuu's picture

So who is Hasenpfeffer Incorporated?'s picture

Corporations aren't people.

Ghordius's picture

I thought the US Supreme Court has a different opinion

Chupacabra-322's picture

Off Topic but, it's how they continue the Illusion, Fake Economy and Global Ponzi Scheme.

It seems that back in 1913 the United States was short of cash. World War I had depleted the treasury and there were several really bad financial panics -- in 1907 especially -- so the country needed to print more money than it had as equity to restore confidence in the money supply and get the economy back on its feet.

When you or I need more money, we use something as collateral and go to a bank for a loan. When a country needs more money it has to go somewhere also. But in 1913 there wasn't anywhere to go. So the US created the Federal Reserve Act. This established a private central bank (The Federal Reserve Bank) that would regulate the amount of money the US government was allowed to borrow and put in circulation. It also would expect to be repaid, like any bank, with interest.

After only 20 years things went from bad to worse. During Franklin D. Roosevelt's presidency, in 1933, the US was unable to pay its debt. The county was bankrupt. The private banks that made up the Federal Reserve demanded their money and Roosevelt responded. He had to use the only thing left of any value to pay the banks and continue doing business with them -- the citizens of our country. Us!

Exactly how all this was orchestrated is too lengthy to be addressed here, but this much can be told. The original birth or naturalization record for every U.S. Citizen is on file in the official records in Washington, D.C. (you get to keep a copy!) and the property and assets of every living U.S. Citizen is pledged as collateral for the National Debt!

Within two weeks and three days each Certificate of Live Birth is to be filed in Washington D.C. Evidence reveals that there is even a Federal Children Department established by the Shepherd/Townsend Act of 1922 under the Department of Commerce that appears to be involved in this process in some way. Every citizen is given a number (the red number on the Birth Certificate) and each live birth is valued at from 650,000 to 750,000 Federal Reserve dollars in collateral from the Fed.

This kind of makes you feel a little different when you look at Federal Reserve Chairman, Bernanke, doesn't it?

Names in "ALL CAPS" on Birth Certificates

Since the early 1960s, State governments have issued Birth Certificates to "persons" with legal fictional names using "ALL CAPS" names. This is not a lawful record of your physical birth, but rather the acknowledgement of the "birth" of the juristic, all-caps name. It may appear to be your true name, but since no proper name is ever written in all caps (either lawfully or grammatically) it does not identify who you are. The Birth Certificate is the government's self-created document of title for its new property -- you and me! In a way, it makes us a kind of corporation whose company name is the same as our real name, but written in ALL CAPS. This "corporation" then generates taxes and wealth over its lifetime and in this way repays the collateral that Uncle Sam borrowed from the Federal Reserve.

Remember that "Bond" thing printed on the bottom of the certificate?


Bond. I a: A usually formal written agreement by which a person undertakes to perform a certain act (as fulfill the obligations of a contract) . . with the condition that failure to perform or abstain will obligate the person . . to pay a sum of money or will result in the forfeiture of money put up by the person or surety. lb: One who acts as a surety. 2: An interest-bearing document giving evidence of a debt issued by a government body or corporation that is sometimes secured by a lien on property and is often designed to take care of a particular financial need. -- Ibid. -- Merriam-Webster Dictionary of Law (1996).

Banknote. A kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender. Along with coins, banknotes make up the cash or bearer forms of all modern money.

Birth certificates are a form of securities called "warehouse receipts." The items included on a warehouse receipt, as descried at §7-202 of the Uniform Commercial Code, the law which governs commercial paper and transactions, which parallel a birth certificate are:

  • the location of the warehouse where the goods are stored...(residence)
  • the date of issue of the receipt.....("Date issued")
  • the consecutive number of the receipt...(found on back or front of the certificate, usually in red numbers)
  • a description of the goods or of the packages containing them...(name, sex, date of birth, etc.)
  • the signature of the warehouseman, which may be made by his authorized agent...(municipal clerk or state registrar's signature)

Birth certificates now appear to at least qualify as "warehouse receipts" under the Uniform Commercial Code. Black's Law Dictionary, 7th ed. defines:

Warehouse Receipt. "...A warehouse receipt, which is considered a document of title, may be a negotiable instrument and is often used for financing with inventory as security."

It is not difficult to see that a state-created Birth Certificate, with an ALL CAPS name is a document evidencing debt the moment it is issued.

Once a state has registered a birth document with the U.S. Department of Commerce, the Department notifies the Treasury Department, which takes out a loan from the Federal Reserve. The Treasury uses the loan to purchase a bond (the Fed holds a purchase money security interest in the bond) from the Department of Commerce, which invests the sale proceeds in the stock or bond market. The Treasury Department then issues Treasury securities in the form of Treasury Bonds, Notes, and Bills using the bonds as surety for the new securities.

This cycle is based on the future tax revenues of the legal person whose name appears on the Birth Certificate. This also means that the bankrupt, corporate U.S. can guarantee to the purchasers of their securities the lifetime labor and tax revenues of every citizen of the United States/American with a Birth Certificate as collateral for payment. This device is initiated simply by converting the lawful, true name of the child into a legal, juristic name of a person.

Legally, you are considered to be a slave or indentured servant to the various Federal, State and local governments via your STATE-issued and STATE-created Birth Certificate in the name of your all-caps person. Birth Certificates are issued so that the issuer can claim exclusive title to the legal person created thereby.

Sleep well, fellow slaves.