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Uncle Sam To The Rescue After All: Latest Rumor Sees €600 Billion Bailout Of Italy From US, Pardon IMF

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Sun, 11/27/2011 - 11:17 | 1917323 apberusdisvet
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Who couldn't see this coming?

Sun, 11/27/2011 - 11:18 | 1917326 Rakshas
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Sun, 11/27/2011 - 11:33 | 1917356 WonderDawg
WonderDawg's picture

If this was a solution, why did it take them until now to figure it out? It's yet another attempt to soothe the market with rumors. What will the half-life be on this one?

Sun, 11/27/2011 - 11:41 | 1917384 Roger O. Thornhill
Roger O. Thornhill's picture

I've used the rumors as a trading tool. Figuring to get a few days in one direction from them.

And it is true, the half life of this kind of "news" gets shorter and shorter. Most of my hedges are in place for the next part of the game, so it doesn't matter now. In this environment even being partially prepared is better than not at all. Very important to be personally hedged - need I even say it?

Sun, 11/27/2011 - 11:46 | 1917407 WonderDawg
WonderDawg's picture

Agreed. Gotta stay nimble. Tricky, though, trying to time the moves. Gotta learn to think like a criminal.

Sun, 11/27/2011 - 12:00 | 1917466 Roger O. Thornhill
Roger O. Thornhill's picture

Exactly. It is so strange to trade on the lies of the criminals running this mess. My trading used to be based on the quality of the company and their sales, and it would take a month or so for a trade to play out.

Now it is just trying to weed through the astonishing lies. And that is the significant change we have in markets. It's why I came to believe this is going to blow up. I've been alive long enough to see that the markets in general are now totally run on stunningly epic lies & nonsense.

Sun, 11/27/2011 - 12:32 | 1917539 Manthong
Manthong's picture

"Who couldn't see this coming?"

LOL -- Very first thought after seeing headline.

But if the Fed is a private bank with substantial European ownership (that just happens to print our currency) what is to stop them from loading up their balance sheet with reserves from the whole EU?

In that sense, isn't the US goverment just a customer?


Sun, 11/27/2011 - 12:53 | 1917665 rufusbird
rufusbird's picture

"In that sense, isn't the US goverment just a customer?"

So, if the Fed like MF Global, looses their ass on European Bonds who pays?, their Customers? as in MF Global's customers? So, is their customer the Primary Dealers and banks? No they are the Fed's Directors, that leaves who? Only one customer? No you got to be shitting me! It's me? No no! it is you and you and You!

Sun, 11/27/2011 - 14:08 | 1917957 Manthong
Manthong's picture

That's what I mean..

The US government is the proxy for us, and as such, IS RETAIL.

Unfortunately, the politicians are the proxy for the banks.

Sun, 11/27/2011 - 19:34 | 1919093 IBelieveInMagic
IBelieveInMagic's picture

It is so outrageous that it is surely to happen!

Sun, 11/27/2011 - 12:27 | 1917565 Stack Trace
Stack Trace's picture


Been trading this way as well. Only to pull out more Fiat and buy more Physical gold. Thanks to these asswipes I have picked up another 20oz of bullion since September and 100oz silver. I hope prices drop more.

Been reading books on post collapse societies and survival skills, upped my physical training, buying emergency supplies, and trying to get friends and family ready. Been tough waking people up but I see it happening.

My wife has started a food garden, we are shopping for additional home defense, planning ways to get family centrally located, etc.

My wife was originally stationed in Egypt while in the military. She knows what a dysfunctional society looks like. She thinks we are collapsing now.

Sun, 11/27/2011 - 15:45 | 1918337 RockyRacoon
RockyRacoon's picture

Wonder could I get your wife to talk to mine?

Sun, 11/27/2011 - 12:52 | 1917664 Sockeye
Sockeye's picture

Why does china get away with such a small IMF quota?

Sun, 11/27/2011 - 13:04 | 1917697 Nobody special
Nobody special's picture

They don't. USA is paying a greater bill, but dear Benny only has to hit the magic button to generate that money.  China has to earn what they contribute.  In essence, China is the one paying more.

Sun, 11/27/2011 - 14:01 | 1917925 MolotovCockhead
MolotovCockhead's picture

And it's the US corporations that are ripping in the profits when IMF proceed to their next stage NWO agenda.

Sun, 11/27/2011 - 11:43 | 1917387 Zero Debt
Zero Debt's picture

Multiple bounces will not resurrect the cat.

Sun, 11/27/2011 - 14:36 | 1918079 bigdumbnugly
bigdumbnugly's picture

it will until cat has bounced for the ninth time.  are we there yet?

Sun, 11/27/2011 - 20:14 | 1919236 Manthong
Manthong's picture

Algos know how to dribble cats.

Sun, 11/27/2011 - 11:51 | 1917423 knukles
knukles's picture

If ya can't soothe 'em with rumors, just fuckin' Print More.
Like to solution to all golf problems: Swing Harder
(right Dawg...  And hoping you had a good holiday)

What amazes and I sincerely mean amazes, in awe, numbed by the audacity and ignorance, is that the charade yet continues.
Why even the Economist, official high brow publication du jour of the NWO is suggeating (finally) the demise of this oddity.  And when the Economist throws in the towel to at least retain an appearnace of intelligence and adult demeanor, it's the veritable swan song.

Print More

Getcher yellow metal, step right up, hurrahy hurrahy hurrahy... 

Sun, 11/27/2011 - 13:54 | 1917892 macholatte
macholatte's picture

Why even the Economist, official high brow publication du jour of the NWO is suggeating (finally) the demise of this oddity. 


My guess is that we will see more such disclosures/leaks/opinions on MSM, which might have the effect of dampening a panic when TSHTF, as well as indignation and arrogant denials from bureaucrats on high (Merkell, Sarkozy, etc) and then the blame game in full bloom. But with GS in firm control of the EU and USA you can bet the can kicking will continue until GS decides to miss a kick or, more likely, change cans.

Going to get more popcorn from my garden, milk the cow and make some butter and ferment some potatoes to make some vodka. 

Sun, 11/27/2011 - 11:54 | 1917435 ArkansasAngie
ArkansasAngie's picture

Just whom in the open market thinks that this will sail through CONgress.  This has no half life. 

Because ... if it were to be true ... what? 

I'll be writting my representatives.  There are negative consequences to them continuing to act in their best interest not ours.

Sun, 11/27/2011 - 12:40 | 1917614 jcaz
jcaz's picture

...Because it really takes them THIS long to make a move....

My biggest problem trading this noise is trying to remember that these are slow, stupid ships trying to turn in these waters, and something like Zero Hedge is so far ahead of the game that it's easy to second-guess some pretty inevitable information.....

The idiots in Congress will be trying to "sooth" the markets when they've already melted down.....

Sun, 11/27/2011 - 17:38 | 1918722 CPL
CPL's picture

Food, gold, silver and lead are the hedges now.  Or if you have the storage capacity...Oil.

Sun, 11/27/2011 - 19:57 | 1919178 tumblemore
tumblemore's picture

"If this was a solution, why did it take them until now to figure it out?"

They wanted to bounce Germany into doing it through crisis-maximizing.

Sun, 11/27/2011 - 11:46 | 1917380 DormRoom
DormRoom's picture

The ogligarchs will monetize on the back of the 99% to ensure the continuity of their power.  It will only lead to high-hyper inflation, and greater income disparity between the 99% & 1%, and further agitation between the BRICs & the West.


But it will give them time to convert nations into police states.


It'll be interesting to see how China & Russia vote on this IMF plan.  And will the IMF (taxpayers) bail out Spain too?

Sun, 11/27/2011 - 11:54 | 1917434 Tijuana Donkey Show
Tijuana Donkey Show's picture

Time to convert? We're 10 years in! This will attach to something involving Syria/Iran/War thingie, and pass with a flag on it's ass. US corporations cannot have the failure of their off-shore, bottom line pumping, tax dodging network, so the US Chamber of Commerce will get this through Con-gress, leaving the rest of us feeling like a 10 year old in a Penn State shower room. 

Sun, 11/27/2011 - 12:19 | 1917525 sabra1
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i call dibs on the cheerleaders shower room!

Sun, 11/27/2011 - 11:57 | 1917450 GeneMarchbanks
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'It'll be interesting to see how China & Russia vote on this IMF plan.  And will the IMF (taxpayers) bail out Spain too?'

That whole IMF being an international organization facade has been uncovered as bullshit for some time now. I suggest the work of Ha-Joon Chang. Be real, this ain't Yahoo, the IMF is and has been a tentacle of the banking cartel so Russia and China can't really co-opt that organization. You can say with certainty that they aren't influential enough ... yet.

Sun, 11/27/2011 - 12:03 | 1917475 DormRoom
DormRoom's picture

true.. but my thesis is how Western laissez faire monetization will upset the BRICs, and lead to future hostilities (currency wars).  So if China & Russia vote no on the IMF plan it will support this thesis.  If they vote yes, then it would falsify it.  Which is why I'm interested to see how they vote.

Sun, 11/27/2011 - 13:58 | 1917911 macholatte
macholatte's picture

... in order to bypass the lengthy process of treaty changes, Europe would instead proceed with bilateral agreements...


Votes? We don't need no stinking votes!

Sun, 11/27/2011 - 12:02 | 1917471 Everybodys All ...
Everybodys All American's picture

The dead mobster floating in the St. Lawrence.

Sun, 11/27/2011 - 13:37 | 1917822 Teamtc321
Teamtc321's picture

"n other words: this rumor is dead in the water."


Good. Enough is enough already. 

Sun, 11/27/2011 - 19:50 | 1919151 bigun
bigun's picture

bernake, "well, since the europeans wont use their bazooka, i guess we'll have to use ours!"

Sun, 11/27/2011 - 11:17 | 1917324 Rakshas
Rakshas's picture

...didn't see that coming...

Sun, 11/27/2011 - 11:21 | 1917328 Mae Kadoodie
Mae Kadoodie's picture

No jokes about Monti and cards.

Sun, 11/27/2011 - 11:45 | 1917399 Hedge Fund of One
Hedge Fund of One's picture

"No jokes about Monti and cards."


Ah Nuts! :-)

Sun, 11/27/2011 - 12:24 | 1917552 holdbuysell
holdbuysell's picture

It's actually IN the Dow Jones article:

"The IMF wants to give Monti another card to play."

Sun, 11/27/2011 - 11:25 | 1917329 GeneMarchbanks
GeneMarchbanks's picture

It may or may not be dead in the water but it certainly reeks of desperation. These rumors are brilliant, they're like a windsock telling in which direction the wind is blowing. So what can we deduce from all this? Germans remain stubborn, the cartel continues to come up with extortion schemes. On it goes...

Sun, 11/27/2011 - 11:46 | 1917408 Hedge Fund of One
Hedge Fund of One's picture

If they would have applied to the crisis itself half the creativity that they have had to use to come up with these rumors, we might have actually had a viable solution ... 

well, one can wish ...


Sun, 11/27/2011 - 12:00 | 1917464 GeneMarchbanks
GeneMarchbanks's picture

By 'viable solution' I can only assume that you mean the only one when you have a solvency problem: Default.

Sun, 11/27/2011 - 13:04 | 1917702 rufusbird
rufusbird's picture

Sounds more and more like evermore desperate attempts to avoid triggering a Credit Default event!

Swaps anyone? What happens when a small one is triggered and everyone else tries to cover? Better stand close to the doors...

Sun, 11/27/2011 - 13:46 | 1917865 Hansel
Hansel's picture

Maybe it already started.  That $88 billion the Fed just doled out to an "other" could include the IMF.

Sun, 11/27/2011 - 18:35 | 1918869 unununium
unununium's picture

+6 trillion.

According to the ZH article, Other indeed includes the IMF.

Sun, 11/27/2011 - 11:22 | 1917330 LookingWithAmazement
LookingWithAmazement's picture

Italy saved, euro saved, bye bye "crisis". Told you soooooo for many months. Merry Christmas and a happy euro-2012.

Sun, 11/27/2011 - 11:30 | 1917349 BW
BW's picture

This is getting too easy.

Sun, 11/27/2011 - 11:34 | 1917357 Mike2756
Mike2756's picture

Then the u.s. 30yr is toast.

Sun, 11/27/2011 - 19:47 | 1919147 bigun
bigun's picture

us 30yr will never be toast as long as bernake owns the printing press

Sun, 11/27/2011 - 11:35 | 1917362 Rakshas
Rakshas's picture

So then, Sante Clause isn't coming this year?



Sun, 11/27/2011 - 12:22 | 1917540 Instant Wealth
Instant Wealth's picture

If you're a Euro-Bitch shorting the market, Santa might be coming twice this year.

Sun, 11/27/2011 - 12:19 | 1917530 fuu
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