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Wen Jiabao Says China Willing To Extend Help To Europe... For A Price

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Tue, 09/13/2011 - 22:24 | 1666080 grunk
grunk's picture

Asian clap - Ain't never gettin' rid of it.

Tue, 09/13/2011 - 22:55 | 1666172 X.inf.capt
X.inf.capt's picture





Tue, 09/13/2011 - 23:43 | 1666240 TruthInSunshine
TruthInSunshine's picture

Wen Jiabao is a smart guy. He knows China can't save a deeply septic Italy or Spain (with derivative counterparty risk amplified by never before seen levels of leverage), let alone the European Union in totality. China is going to have a big task ahead in saving its own economy (and others are going to have a much bigger task).

He's just talking the part of being a good neighbor, as is expected at such sober and gloomy moments in economic history.

Every Head of State in the World is going into CYA Modus Operandi as we speak.

It's when the massive tidal wave caused by the global tsunami recedes that everyone finds out that everyone else has been swimming naked, bitchez.

Tue, 09/13/2011 - 23:22 | 1666252 Cdad
Cdad's picture

What the fuck is a "controlled default?"  Is that where you slip a Prozac mickey to the criminal banker right before you tell him his is getting 10 cents on the dollar, and then lower him slowly into a Lazyboy?

All this nonsense language crap circulated by the syndicate is ridiculous.


Tue, 09/13/2011 - 23:29 | 1666259 TruthInSunshine
TruthInSunshine's picture

It's when you've been chugging along at terminal velocity for about 2000 feet, and you open your parachute 2.7 seconds prior to hitting the ground.


Tue, 09/13/2011 - 23:44 | 1666331 Cdad
Cdad's picture

I see...I see...I did not know that.

Sounds a lot worse than the Prozac mickey or the previously popular "soft restructuring"...which almost sounds like a sensual message.

Is everybody enjoying the complete death of any and all fiscal, monetary, and market credibility yet?

Tue, 09/13/2011 - 23:12 | 1666226 Rich_Lather
Rich_Lather's picture

Off topic:

this video is all you need to watch on 9/11:




no silly theories by useful idiots, and it is completely kosher for our jewish consumers.

Tue, 09/13/2011 - 23:31 | 1666274 evolvedmonkey
evolvedmonkey's picture

Fantastic video, I have to say.


...but are insinuating that Jews were behind 9/11? Or are somehow less likely to accept the true story than nonjews? Wouldn't really surprise me, but still, that's kind of... completely absurd.

Wed, 09/14/2011 - 13:38 | 1669314 Bring the Gold
Bring the Gold's picture

Great stuff rich. It's really better to just let the official story hang out there. Takes a willful act of self-deception to buy it when you lay it all out there.

Tue, 09/13/2011 - 22:31 | 1666086 Cleanclog
Cleanclog's picture

We may be back to shells and beads and spices (and gold and silver) before long as commerce trade begins to see how worthless and eventually irredeemable the fiat paper is.  Water and oil could become the trade exchange too. 

The change in world reserve currency will happen much faster than people expect . . . and it is something like this that will put it into play.  The current global monetary system is in transition. 

Tue, 09/13/2011 - 22:51 | 1666152 X.inf.capt
X.inf.capt's picture

dont forget the ports, airports, roads and anything else that generates revenue. you are now a ...


looks like LUKE, the riot dog, is  going to get some serious overtime....

Tue, 09/13/2011 - 23:10 | 1666218 Hearst
Hearst's picture

China should just demand some of that stockpile of Euro-Gold as collateral.

Tue, 09/13/2011 - 23:16 | 1666237 X.inf.capt
X.inf.capt's picture

they probably already have......

Tue, 09/13/2011 - 22:26 | 1666088 IMA5U
IMA5U's picture

if the governments keep on spreading these rumors they just might be able to scare off every short and lure everyone back into the water


come inside.  it's warm

Tue, 09/13/2011 - 22:43 | 1666138 TwelfthVulture
TwelfthVulture's picture

When you pee in the pool, the water is always warmer.

Tue, 09/13/2011 - 22:28 | 1666091 Deadpool
Deadpool's picture

a price? you can have our President, Vice President and Treasury Secretary and we'll throw in our Secretary of State and her husband if you'll give us your South China Sea oil royalty rights too...

Tue, 09/13/2011 - 22:50 | 1666134 TwelfthVulture
TwelfthVulture's picture

How about, they can have our President, Vice President, Treasury Secretary, Federal Reserve Chairman, Secretary of State, her husband, 100 Senators, 435 House Representatives, and Secretary of Homeland Security and they can give us one of those cheap plastic Derek Jeter bobble head things.  I think that would be a fair trade policy.

Tue, 09/13/2011 - 22:51 | 1666155 Cdad
Cdad's picture

Wait...plus one salad shooter...and I'm down with it.

Tue, 09/13/2011 - 23:15 | 1666234 JPM Hater001
JPM Hater001's picture

434 congressman. In fairness Ron Paul wants nothing to do with this slow motion abortion.

Sadly he is the only one.

Wed, 09/14/2011 - 00:10 | 1666391 JPM Hater001
JPM Hater001's picture

I should add that the Jeter bobble head is a done deal.

Tue, 09/13/2011 - 22:28 | 1666095 zorba THE GREEK
zorba THE GREEK's picture

When the going gets tough, the Europeans sell their soul to the devil.

Tue, 09/13/2011 - 23:08 | 1666214 lolmao500
lolmao500's picture

They sold it to the nazis and the fascists in the 30s, now they are selling it to China.

Wed, 09/14/2011 - 05:49 | 1667680 Tompooz
Tompooz's picture

Zorba, if you mean to the Chinese ...what about Greece selling itself to the economic hitmen of the squid who "does god's work"?

Tue, 09/13/2011 - 22:29 | 1666098 sbenard
sbenard's picture

Round three -- war?

Tue, 09/13/2011 - 22:57 | 1666178 indygo55
indygo55's picture

Yup, that's how I read it, for what it's worth. That also fits the red shield paridigm.

Tue, 09/13/2011 - 23:20 | 1666246 JPM Hater001
JPM Hater001's picture

Well, yes, war but only in so far as you can wage war with shit made in china. It better be a short war because if they have to launch the planes more than once the warranty falls off...well, actually the whole wing falls off but the warranty notice is attached.

Wed, 09/14/2011 - 00:08 | 1666386 JPM Hater001
JPM Hater001's picture

Krugman must be on...notice all the -1's popping up  all the sudden?

Wed, 09/14/2011 - 01:19 | 1666561 bid the soldier...
bid the soldiers shoot's picture

Anyway, you can't fly planes without jet fuel.

Tue, 09/13/2011 - 22:30 | 1666100 chump666
chump666's picture

I think China won't do squat, they are in a stagflation (oil based inflation) zone...they are done, just don't know it yet.  Most the BRICs will do is buy into EZ banks en masse.  But, Brazil looks more and more like it's also going into stagflation.  Don't thnk the market will get all bid on that news, even HFT's will be muted.

Tue, 09/13/2011 - 22:55 | 1666174 chump666
chump666's picture

as I said they are "done" and about a c-hair away from being dusted.

Tue, 09/13/2011 - 22:34 | 1666103 Yen Cross
Yen Cross's picture

 The "yuan`tons" ~ keep flying>

Tue, 09/13/2011 - 22:35 | 1666112 Deadpool
Deadpool's picture

Usually the buyer of last resort is Japan. Spyglass golf club, Rockerfeller Center, Morgan Stanley, etc. etc. China doesn't have that reputation.

Wed, 09/14/2011 - 00:49 | 1666488 Yen Cross
Yen Cross's picture

Man you're living in the 80's! China want's resources!

Tue, 09/13/2011 - 22:35 | 1666113 jm
jm's picture

The only way this kind of rescue makes sense is by offering more senior terms to a party that steps in.

How can you structure a DIP loan against a sovereign?

Tue, 09/13/2011 - 22:41 | 1666129 Tyler Durden
Tyler Durden's picture

Far simpler. Vendor financing with DIP conversion feature.

Tue, 09/13/2011 - 23:08 | 1666210 jm
jm's picture

Well, yeah, guess that was your point all along... 

Beware China. Greece will screw you like they screwed Germany.

Tue, 09/13/2011 - 23:17 | 1666239 disabledvet
disabledvet's picture

Now known as a "Wen to offer help for U?" situation. Think of it more of a rhetorical question than actual answer...or at least "something other than the answer we were looking for" moment.

Tue, 09/13/2011 - 22:39 | 1666116 fenner
fenner's picture

Ok~~~the countdown of his term.

China gives EU money to get EU purchase MIC return.

Tue, 09/13/2011 - 22:38 | 1666120 DogSlime
DogSlime's picture

I don't get why they would intervene in something that is so blatantly doomed... unless they had a specific timetable for when Europe should go under and they're just holding the place together until culling time or something?

Tue, 09/13/2011 - 22:52 | 1666158 i-dog
i-dog's picture

Exactly. You win the cigar.

Tue, 09/13/2011 - 23:00 | 1666161 macholatte
macholatte's picture

It's not about the money. It's about power and control. Why go to war if you can simply purchase the enemy's resources, own the enemy's real estate and means of production, assert defacto control. The strings to be attached are much more than an interest rate or a promise to pay. It is much more sinister. Just MHO.


Do you think when two representatives holding diametrically opposing views get together and shake hands, the contradictions between our systems will simply melt away? What kind of a daydream is that?
Nikita Khrushchev

If I, taking care of everyone's interests, also take care of my own, you can't talk about a conflict of interest.
Silvio Berlusconi

The construction of Europe is an art. It is the art of the possible.
Jacques Chirac

The best way to destroy the capitalist system is to debauch the currency.
Vladimir Lenin


Tue, 09/13/2011 - 23:05 | 1666204 indygo55
indygo55's picture

I'm thinking that the citizenry who used to "own" that property, personally and publically, will not go quietly.

Tue, 09/13/2011 - 23:09 | 1666205 Soul Train
Soul Train's picture

Sino - colonialism. Communists doing a 180 on the West. Hey, if you can't beat 'em, join 'em.

Tue, 09/13/2011 - 23:08 | 1666213 BigDuke6
BigDuke6's picture

Agreed , they are the worst form of loan shark who will bully and transform from the smiling fu man chu when they have the upper hand.

if they get the upper hand with the usa they will demand alaska for the payment of the debt.  :/


Wed, 09/14/2011 - 00:03 | 1666380 i-dog
i-dog's picture

"if they get the upper hand with the usa they will demand alaska for the payment of the debt."

... whereas, while the US had the upper hand with China, the US demanded (and still demands!) that China send it lots more 'stuff' in return for useless IOUs ... "because our serfs get bored easily and complain loudly if they don't keep getting lots more 'stuff'"!

China is such a mean and unfair loan shark! Send more stuff, China! ... Oh, and shut up about it -- we'll pay for it when we're good and ready ... maybe...........!

Wed, 09/14/2011 - 00:54 | 1666452 BigDuke6
BigDuke6's picture

ok loan shark was wrong - i meant 'daddy warbucks'

anyway, i guess u r saying the USD is a 'useless IOU'

thats debateable.

and sympathy for the chinese because they have catered for a consumer culture nurtured by debt... perhaps.

but while i don't think that china has imperial ambitions my point is that they will drive a hard bargain and they WILL be paid... the chat about when you owe the bank upteen trillion then they have the problem is naive when your banker plays the long game. 

Wed, 09/14/2011 - 05:56 | 1667697 Tompooz
Tompooz's picture

Yeah, selling Alaska (for a good gain, I may add) is a neat idea. Especially if Sarah Palin would come with it.

Wed, 09/14/2011 - 00:03 | 1666379 GhostfaceCracka
GhostfaceCracka's picture

They don't own it if they don't possess it. China will own Europe about as well as Japan owned America back in the late 80s.

Wed, 09/14/2011 - 10:33 | 1668416 marsdefIAnCe
marsdefIAnCe's picture

Right. USA has $1 trillion/year slush fund from CIA drug running just for starters.  Hard to one-up the domestic bidders for "our" politicians.

Tue, 09/13/2011 - 22:38 | 1666123 whisperin
whisperin's picture

The only problem is this will take months if it gets done at all and they need it like yesterday!!!

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