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

Tyler Durden's picture




 

When in doubt, recycle... In this case the rumor that China would bail out Europe is about to get second billing. From Bloomberg, quoting Wen Jiabao at the Dalian World Economic Forum:

  • WEN SAYS CHINA WILL CONTINUE TO INCREASE INVESTMENT IN EUROPE
  • WEN SAYS CHINA IS WILLING TO EXTEND HELP TO EUROPE

Granted, nothing new here, and it simply means that China will be happy to buy European assets at firesale prices and invest in 20%+ IRR projects, but the algos, which have not yet seen this news, are expected to kneejerk higher, regardless of how short the latest intervention halflife will be (recall that China already has sizable investment in Greece, Portugal, the EFSF and the EUR). Call it what it is - doubling down, all over again. That said, the bailout for Europe will not come free, and once that realization hits the market, this may have a completely opposite reaction that the one intended...

  • WEN SAYS EU SHOULD RECOGNIZE CHINA'S MARKET ECONOMY STATUS
     
  • WEN SAYS HOPES FOR BREAKTHROUGH AT CHINA-EU SUMMIT NEXT MONTH

Ah yes, quid pro quo Clarice. If Europe will be so kind to align itself with China in all future WTO escalations against the US, it will be much appreciated. After all, there is nothing more a mercantilist country needs than a subservient import partner. Ergo, any vile ideas about duties, subsidies and/or tariffs?.... Yeah, those are gone. Permanently. 

In other words, if Europe likes it status quo, it sure as hell better like being part of the Sino-Russian axis in the coming trade wars, which incidentally will define the next reserve currency in 2-3 years.

Said otherwise, China may not have won the currency wars (the first round), but it is well on its way to winning the trade war (round two).

We all know what round three is...

 

And some additional info from Xinhua:

Chinese Premier Wen Jiabao said on Wednesday that the nation's opening up to the outside world is a long-term commitment which covers all fields and is mutually beneficial.    

 

"China's basic state policy of opening up will never change," Wen said in a keynote speech at the opening of the World Economic Forum annual meeting of "New Champions 2001", a three-day event held in the city of Dalian in northeast China's Liaoning Province.   

 

"We will continue to get actively involved in economic globalization and work to build a fair and equitable international trading regime and financial system," he said.   

 

"We will continue to improve foreign-related economic laws, regulations and policies so as to make China's investment environment in keeping with international standards, transparent and more business friendly," he said.

 

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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

NO SHIT....

MERKEL IS CALLING FOR A'CONTROLLED' GREEK DEFAULT.

ON BBC, FROM THE SNAKES MOUTH, HEARD IT...

1HR AGO!

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:

 

http://www.youtube.com/watch?v=yuC_4mGTs98&feature=player_embedded

 

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 ...

PERMA-SERF.

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.
http://www.youtube.com/watch?v=Tt1W0F0yObg&feature=player_detailpage

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!!!

Tue, 09/13/2011 - 22:39 | 1666125 BigDuke6
Tue, 09/13/2011 - 22:53 | 1666159 Cdad
Cdad's picture

Well, it is comforting to know that China also manufactures cheap crap with high failure rates...for Chinese people, too.

Tue, 09/13/2011 - 23:13 | 1666227 Soul Train
Soul Train's picture

Not news on me - I have bought piles of Chinese crap over the years that was junk - tools that broke, electronics that died young, etc etc etc.

If only we all just returned the crap to them and demand a refund for the junk we bought from them.

Wed, 09/14/2011 - 00:10 | 1666392 i-dog
i-dog's picture

Return it to the [American?] company that designed it -- and passed it through both quality control and contracted failure rates -- then stuck its brand name on it and sold it to you at a massive markup. I'm sure they'll be happy to hear from a valued customer and give you a refund.

Tue, 09/13/2011 - 22:53 | 1666160 chump666
chump666's picture

...plus their Fraud caps = a major bubble.

Tue, 09/13/2011 - 22:55 | 1666169 Missiondweller
Missiondweller's picture

This is why I do not fear China as an American. They poison milk with melamine sold to their own people. They can build a city based on US specs but not US quality.

Making knock offs is fine when its DVD's or Ipods, not the same with high speed rail or stealth fighters.

Tue, 09/13/2011 - 22:41 | 1666130 anynonmous
anynonmous's picture

opportunistic

Wen got wind of the rumors and now he exploits them

Tue, 09/13/2011 - 23:25 | 1666255 HardlyZero
HardlyZero's picture

I think Wen and his team is taunting us while we are trying to find the grail !

http://www.youtube.com/watch?v=9V7zbWNznbs

Tue, 09/13/2011 - 22:41 | 1666131 anynonmous
anynonmous's picture

opportunistic

Wen got wind of the rumors and now he exploits them

Tue, 09/13/2011 - 22:43 | 1666137 bankruptcylawyer
bankruptcylawyer's picture

this is bad news not good news. wen didn't say he'd loan money to europe today, that was months ago. he said other stuff today. generally, the news is so misleading. 

 

this was also said by a big wig former central banker in china

http://www.bloomberg.com/news/2011-09-14/china-must-avoid-loans-to-troub...

Tue, 09/13/2011 - 22:44 | 1666140 PulauHantu29
PulauHantu29's picture

1,000 Athenian Virgins is his price?

Rotsa Ruck!

Tue, 09/13/2011 - 22:49 | 1666150 Bicycle Repairman
Bicycle Repairman's picture

"China will be happy to buy European assets at firesale prices and invest in 20%+ IRR projects"

Me, too.  Default, bitches.

Tue, 09/13/2011 - 22:50 | 1666151 PulauHantu29
PulauHantu29's picture

Greater Fool Theory. The ECB is hoping it can unload its c-r-a-p onto a Bigger Fool before the whistle blows.

Tue, 09/13/2011 - 22:51 | 1666156 chump666
chump666's picture

No, Wen is talking in riddles, you can't have a 'global' slowdown and expect a import reliant country use it's reserves to prop up insolvent countries.  More BS, plus, everytime they issue more BS they get oil bid, which the Chinese are net importers.  

A total doomsday trade looming...maybe a war.

Tue, 09/13/2011 - 22:55 | 1666170 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

It's a printing war.  He with the most ink, wins!  Get to tha choppa!!!!!

Tue, 09/13/2011 - 22:54 | 1666162 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

How much will Wen print to buy what Europe prints?

Tue, 09/13/2011 - 23:00 | 1666191 TwelfthVulture
TwelfthVulture's picture

How much yuan would a Wen-chuck print, if a Wen-chuck could print yuan.

Tue, 09/13/2011 - 22:54 | 1666165 Big Ben
Big Ben's picture

The vultures are gathering...

Tue, 09/13/2011 - 22:55 | 1666171 Atomizer
Atomizer's picture

We must pull this toy from the chest tricks, once again.

U.S. Treasury Secretary Timothy Geithner met China's Vice-Premier Wang Qishan on Sunday and "exchanged views" about economic relations between their countries

IBSA vs. BRICS: China and India courting Africa

While your being filled with racial hate, uncertainty, fraud and deception. Your life is being formed through daily appearances of an individual who is lying to you. As each day progresses, the planners are switching strategies on which playbook to use as the next experiment to complete a short term fix. The longer they can kick the can, the more they are confused in what to implement. Fear has run rampant, and higher security is necessary to protect the clueless planners.

Tue, 09/13/2011 - 22:55 | 1666175 jal
jal's picture

 

 

“Then today, Reuters cited Italian officials who said the talks centered around Chinese industrial assets, not bond purchases.”

 

The United States government and the Federal Reserve must come to the rescue of the Eurozone or the ramifications will be catastrophic. And she will say that she needs roughly $1 trillion in financial guarantees and liquidity support.  That's the number that will calm the markets.”

===

If there is going to be deflation then there need to be a willing buyer at bargain basement prices. 

 

The only one that has any cash is China. It is in China’s interest to step in and delay the catastrophe to its time table.

 

Tue, 09/13/2011 - 22:58 | 1666183 YesWeKahn
YesWeKahn's picture

Future is still down. So Algos got smarter this time.

Tue, 09/13/2011 - 23:02 | 1666195 Sutton
Sutton's picture

I hope the men of Europe like toiling  in the yellow man's lead mines.

Tue, 09/13/2011 - 23:04 | 1666203 ISEEIT
ISEEIT's picture

The more they throw this monkey shit at me the more pissed off I get. I've an unfortunate turrets syndrome sort of thing that causes me to be attracted to violent curse words about now. I'll refrain only because I respect ZH and the fact that some people here might not appreciate the use of vulgarity.

In the spirit of Graham summers  and the MAN Reggie....

This excrement is about to drop.

Tue, 09/13/2011 - 23:06 | 1666206 beatus12
beatus12's picture

china isn't the ony one with money call ben

Tue, 09/13/2011 - 23:30 | 1666271 HardlyZero
HardlyZero's picture

Ben Hur vs. Wen in the Chariot race to the death....or is that the Bread and Circuses...or is it the Christians vs. the Lions ?

Tue, 09/13/2011 - 23:06 | 1666207 user2011
user2011's picture

China has a lot of problems of their own.  China can't save Euro.   Not even UFO aliens can save Euro, especially there are so many US bankers betting against the EURO.   

When Greek crisis first started, so many US credit rating agents bet against it.    US gov does nothing to stop.   In fact, US gov does nothing to punish the real people who started the subprime crisis that trigger the EURO crisis.

Tue, 09/13/2011 - 23:07 | 1666209 ReactionToClose...
ReactionToClosedMinds's picture
  1. .... the "devil' is in the details
  2. ... be careful what you wish/ask for ...
  3. ... the road to hell is paved with good intentions..
  4.  ... ultimate payback for the infamous Honk Kong arch-colonial era sign .... no dogs or .... allowed
  5. .... just because Berlusconi likes to line up 'exotic' rounds of 'young' 'appetizers' on his dinner table ... does mean he really knows what he is doing financially

 

Tue, 09/13/2011 - 23:15 | 1666232 Yen Cross
Yen Cross's picture

I Just heavily shorted the euro against the australian dollar I. I fugure a 4:1 risk reward!

Tue, 09/13/2011 - 23:42 | 1666322 jdrose1985
jdrose1985's picture

Congratulations!

;-)

Tue, 09/13/2011 - 23:16 | 1666235 SaveTheGreenback
SaveTheGreenback's picture

Jiabao:  Yes!  We help Greece!  High yield bond is good investment for China! China make bet that world forced bailout will occur in Europe on fears of contagion!  China will get in market before every other country!  China wins!

 

Merkel:  The German people will not let the Europansies control our economy! Sell the rest of Europe short!!

 

Obama:  Where's the head cover to my 3 wood, Tim? Oops, I found it. Nevermind.

Geitner (Timmay): Mr. President, can you send me back to Europe?  I love it there this time of year.  Plus, we can blame them for our problems.

Obama:  I don't care.  Just don't tell Hilary.

 

Tue, 09/13/2011 - 23:18 | 1666243 automato
automato's picture

If China succeeds in it's plans to re-invent the World Economy in it's image, it may regret the outcome. The possibilities include a War to end everything, an America that closes off the World, the rise of 50-100 dictatorships that make North Korea look like day-care, a new Dark Ages that lasts a hundred years or more.... 

Tue, 09/13/2011 - 23:29 | 1666265 SaveTheGreenback
SaveTheGreenback's picture

China won't "re-invent the World Economy in it's image".  The Chinese will generally stay out of day to day noise and not try to influence countries.  They want all the money and they don't know what to do with it.  They need food and energy but they can't buy enough.  So, they will pirate intellectual capital and rape sovereign debt markets (while they startegically stregthen an alliance with Russia and Iran) just to feed their people and fufill energy needs.

Tue, 09/13/2011 - 23:18 | 1666245 adr
adr's picture

So a conversation that occured months ago can move the "market" up 2% if the story is re-reported? Then a denial of the report can still move the market up because the denial actually doesn't pertain to the conversation of a month ago, only that the coversation didn't happen yesterday. Yet even if untrue the rumor has merit because the Chinese will buy some debt in the future, so the market has to rally.

The market also has to rally because the Fed has to do some QE at some point. The question is where is the money that buys the stocks coming from? Oh yeah the treasury and the Fed when it buys securities from the banks that are the same ones that run all the big market funds.

It must be great to take out a loan, push up stocks with it, sell the stock, pay back the zero interest loan, keep the profits, and then do it all again the next day. Or have someone pay you top dollar for something worthless. Let's see I'll pay the full retail price of a fully restored Gullwing but the car is actually a 1985 K-car tha some retard put a trick door on. But the guy told me it was a Mercedes and I bought it sight unseen!!!!

The global Ponzi is so transparent now. Is the world really this stupid???

Wed, 09/14/2011 - 01:10 | 1666537 Lower Class Elite
Lower Class Elite's picture

Hold up, now.  A K-car with Lambo doors would be righteous.  And a spoiler.  It would definitely need some big-ass spoiler bolted on the boot. 

Tue, 09/13/2011 - 23:25 | 1666257 Belarus
Belarus's picture

The futures are down....that must mean at least another 2%+ day tomorrow. 

Tue, 09/13/2011 - 23:55 | 1666363 Yen Cross
Yen Cross's picture

Yep! Good comment! Look at the spx (vix) every 10% move is good for 2% in the markets as a general rule...

Tue, 09/13/2011 - 23:26 | 1666258 nestle
nestle's picture

China want PIIGS + ECB's gold.

simple as that.

Tue, 09/13/2011 - 23:33 | 1666281 HardlyZero
HardlyZero's picture

No...land and Gold.

 

Its a "face" for Land/Gold swap dealeo.

Tue, 09/13/2011 - 23:31 | 1666276 alien-IQ
alien-IQ's picture

looks like they haven't gotten the memo yet.

Tue, 09/13/2011 - 23:42 | 1666277 AssFire
AssFire's picture
http://www.youtube.com/watch?v=isUCQIvOplA

 

Dedication to the beaten generation. KNOWING the truth but too stupid to fight for anything except maybe killing small dictators who resist our economic demands.This began when the New Yorkers were forced against their will to enlist against a group of states that just wanted out of the central planning skimmers and looters seeking power in Washington. It was never called a civil war down south, but rather it's real name: the war of northern aggression.
Tue, 09/13/2011 - 23:32 | 1666280 Founders Keeper
Founders Keeper's picture

OT

Is anyone else getting an intuitive feeling that something foreboding is just around the corner?  And, I don't mean coming from the markets, though they may be seriously affected.  I mean something else.  Something big.  Something unusual.

Maybe it's nothing, but I'm not confident it is.  No, I never really considered myself intuitive.  But, these past few years are beginning to change my mind.  I'm synthesizing information differently.

Anyone have any intuitive feelings about the next couple months?

 

 

Tue, 09/13/2011 - 23:37 | 1666293 AssFire
AssFire's picture

I have that feeling I havent had since Lehman Bros.. Yes I knew it was on then and I feel it again big time.

I suspect big failures and an emergency need to drill our own oil. Don't know what it is but I am sensing something.

 

Tue, 09/13/2011 - 23:57 | 1666369 Yen Cross
Yen Cross's picture

Me to. Only this time I know where the exit door is, and the elevator isn't on my floor yet!

Wed, 09/14/2011 - 00:54 | 1666499 Founders Keeper
Founders Keeper's picture

Hi AssFire.

Last time I had a strong feeling of something foreboding was earlier this year.  I assumed a coming market break down within weeks.  I was wrong of course about the market.  However, Fukishima blew up within a week. 

I'm not even "into" having intuition.  I really have no personal use for it.  I have nothing to gain by it, really.  I am interested in intuitive thoughts of others though.

 

Wed, 09/14/2011 - 01:50 | 1666652 Lower Class Elite
Lower Class Elite's picture

Hey FK.  I recently had one of the eeriest sense-of-foreboding moments I can ever remember having.  Right before Irene made landfall here in NC, I was outside just dicking around in the yard, nothing special.  All of a sudden 4 haze gray Marine Corps Super Stallions (those big ass single rotor helos) came over the house very low and slow.  The nearest MCAS is well over a hundred miles away from me.  There was a time when I would've just thought "Cool, look, some big ass helicopters!  Helicopters are pretty cool!"  I was in the Navy back in the day, and I've seen many haze gray helos and planes up close.  No big deal.  But for whatever reason, that day, seeing those choppers freaked me right the fuck out.  I mean ice-cold sense of impending doom, Red Dawn shit.  And my rational brain was telling me that they were probably just relocating in advance of the storm.  Nonetheless, I got seriously freaked.  I don't think that qualifies as intuition, but for a brief moment, all I could imagine was the worst, and it scared the fuck out of me.  Sad state of affairs, ain't it?     

Wed, 09/14/2011 - 03:57 | 1667045 bid the soldier...
bid the soldiers shoot's picture

Dude

A friend who grows weed up in Humbolt county had a similar experience. He had to move his operation indoors. Were you dicking around with tall bright green plants? Just curious.

Thu, 09/15/2011 - 01:17 | 1672037 Founders Keeper
Founders Keeper's picture

Hi Lower Class Elite.

Yeah, I'd say you had a strange reaction given your familiarity of with helos.

The feeling I have is not specific at all.  In fact, I wasn't even contemplating the future when I got this thought two days ago.  It was a clear simple thought that came to me unexpectedly.  And, the very next feeling was absolute certainty of the "event" coming to pass---just as certain as I am right now that I am for example a husband and a father.

All I can say with any specifity is that an unexpected event will (must) precede the next downward step in the markets, and is coming in the next 2 months.

Maybe it's nothing.

 

Wed, 09/14/2011 - 02:08 | 1666688 bid the soldier...
bid the soldiers shoot's picture

I had a presentiment at a little restaurant the other evening. I ordered a radicciho, walnut and goat cheese salad and there was no oil in the oil and vinegar dressing.

Wed, 09/14/2011 - 03:06 | 1666807 Lower Class Elite
Lower Class Elite's picture

Dude, that is some fucked up shit!  What is this country coming to?  Peak salad oil.

Wed, 09/14/2011 - 04:01 | 1666913 bid the soldier...
bid the soldiers shoot's picture

Dude, I am sorry.

I left out the Omen part of the story. The little crumbles of feta spelt out "saudi light sweet" on the plate. There was more but the nuts were in the way and I was hungry.

My bad.

Tue, 09/13/2011 - 23:39 | 1666304 chump666
chump666's picture

Yes, the global ecomomy is cracking apart.   Would say in a couple of mths, Aug meltdown (equities) was a perfect sign something is about go FUBAR

Tue, 09/13/2011 - 23:44 | 1666328 Belarus
Belarus's picture

Cardinal Climax? Google it.

Tue, 09/13/2011 - 23:44 | 1666330 jdrose1985
jdrose1985's picture

Is anyone else getting an intuitive feeling that something foreboding is just around the corner?  And, I don't mean coming from the markets, though they may be seriously affected.  I mean something else.  Something big.  Something unusual.

Yes. I will be getting a raise.

Wed, 09/14/2011 - 00:57 | 1666507 Founders Keeper
Founders Keeper's picture

Is that unusual, jd?

 

Wed, 09/14/2011 - 01:38 | 1666617 ddtuttle
ddtuttle's picture

Yes, but I've had that feeling about the next couple of months for the last four years.

Tue, 09/13/2011 - 23:39 | 1666294 carbonmutant
carbonmutant's picture

The EU is out working the street corner.

"And the coloured girls go, doo do doo do doo do do doo "

Tue, 09/13/2011 - 23:40 | 1666310 AssFire
AssFire's picture

Lyric update:

Grew her hair then Chastity was was Chaz

Tue, 09/13/2011 - 23:39 | 1666302 AssFire
AssFire's picture
Robert E Lee was America.

Chaz Bono is America.

http://www.youtube.com/watch?v=GW3L8qon7hg


Tue, 09/13/2011 - 23:43 | 1666326 IQ 101
IQ 101's picture

Please help me out on this, China dictates the future of the global economy based on what?

We have got a Humming bird feeder from China,some crap rugs in the areas where the asshole kittens tend to shit, plastic bags, brooms,fly swatters and very crap blenders, implements for the kitchen,bamboo bowls and the flippy thing that you get your egg out of the frying pan with.

Perhaps im a bigger dumbass than i thought i was.

The Chinese economy is based on what? The flying car or the time window,

The intergallactic space crenobulator?

NO! The Chinese economy is based on plastic wheels for flat pack computer tables and the desire for single ply toilet paper.

The Chinese economy is almost devoid of innovation,

When they collapse will you miss them?

How does the Chinese economy translate into anything other than a Really big sweatshop financed by WHO?

You! nothing new, nothing new,a crap factory?

China? How bad will you miss them when the big fold happens?

Not much METHINKS.

Tue, 09/13/2011 - 23:50 | 1666351 jdrose1985
jdrose1985's picture

-The blind lead the blind...marching right into a pit.

 

Tue, 09/13/2011 - 23:55 | 1666364 alien-IQ
alien-IQ's picture

Apparently, their Kung Fu is better than our Kung Fu.

Wed, 09/14/2011 - 00:03 | 1666375 Yen Cross
Yen Cross's picture

I'll do some home work. I wouldn't be suprised if RBA is selling aud for Bonds to flatten the short term curve. They don't wan't a strong currency for exports, but don't want to be seen easing. Sneaky ausies are probably offloading some (A)dollars!

  The currency is so over sold now that fair value is in place... Get ready for some spikes...

Wed, 09/14/2011 - 00:02 | 1666377 jimmyjames
jimmyjames's picture

China has major problems of their own-

Inflation problems (credit expansion) and a housing/industry bubble that has to deflate-

They have a dozen ghost cities built that no one can afford to move into-

They have a glut in inventory that's accumulating-

They have built for an economy/consumer that does not exist-

Their foreign exchange reserves are piling up-mainly because of foreign investment dollars/euros and every other type of currency that invests in china-

It is because of chinese banking laws that any foreign investment funds must be held in china's central banks-

The reason china holds so many reserves-is in order to accommodate hot money flows-

We seen this happen when everything crashed in 08-

Money demand came pouring out of china and it was fortunate that they were able to simply tap reserves and reverse the flow of all currencies-otherwise they would have had to go to the money window and convert yaun to the currency of demand-which would have caused a disorderly fluctuation on world currency markets-

Sure china has the dollars/euros etc. that they own-but a lot of the reserves we see-do not belong to them-

Wed, 09/14/2011 - 00:35 | 1666444 IQ 101
IQ 101's picture

Who will  buy the very cheap Chinese carpet foam underlay?

Who will buy the recycled iron, the shipped to them Aluminum that needs a boatride?

Who is going to buy plastic fruit and cuddly teddy bears?

China builds paper fans,

Go long paper fans and get back to ZH>

Wed, 09/14/2011 - 00:26 | 1666422 jonjon831983
jonjon831983's picture

Hmm... now where did that pound of flesh go... Might need to pass the knife around, everybody gets a cut.

Wed, 09/14/2011 - 01:00 | 1666512 bid the soldier...
bid the soldiers shoot's picture

Everybody got a cut in 1901.

Wed, 09/14/2011 - 02:06 | 1666680 IQ 101
IQ 101's picture

Knife up gang banger, when your stabs and arrows bounce from the Proles

where will you be sitting? In the office of your small east German mind?

When the cooonts walk in, you will be treated as shiyte, but you prefer the

conflict over the right?

From Eden thy offend the greater good to run a hooker

 in the hood.

No charm to you has right, thine shrivelled penis might,

dream of proper form, tis not your norm,

but repent and all is yours in the saviours name,

ask for the greatests gift, or are thow insane?

Delight in  that sacrifice or live with the eternal judgement of the one who gavest though, thy name.

Wed, 09/14/2011 - 00:42 | 1666464 Rodent Freikorps
Rodent Freikorps's picture

I think the Chinese achilles heel is that they are crooked sons of bitches, and no one trusts them.

 

Wed, 09/14/2011 - 00:50 | 1666489 IQ 101
IQ 101's picture

They do not trust each other,it is not in the language, Chinese economic FAIL is as inevitable as Greek FAIL, Market rules, period.

Wed, 09/14/2011 - 00:56 | 1666467 bid the soldier...
bid the soldiers shoot's picture

PEKING'S PINATA PARTY

The Boxer Protocol was signed on September 7, 1901 between the Qing Empire of China and the Eight-Nation Alliance that had provided military forces (Austria-Hungary, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States) plus Belgium, Spain and the Netherlands after China's defeat in the intervention to put down the Boxer Rebellion at the hands of the Eight-Power Expeditionary Force.

In Western countries, it was also known as the Treaty of 1901, Peace Agreement between the Great Powers and China. The full name of the protocol is Austria-Hungary, Belgium, France, Germany, Great Britain, Italy, Japan, The Netherlands, Russia, Spain, United States and China—Final Protocol for the Settlement of the Disturbances of 1900, reflecting its nature as a diplomatic protocol rather than a peace treaty at the time of signature.

In China, it was known as the Xinchou Treaty. It was later regarded as one of the "Unequal Treaties".

450 million taels of silver were to be paid as indemnity over a course of 39 years to the eight nations involved.[3] Under the exchange rates at the time, 450 million taels was equal to US$ 335 million gold dollars or £67 million, approximately equal to US$6.653 billion today.
The Chinese paid the indemnity in gold on a rising scale with a 4% interest charge until the debt was amortized on December 31, 1940. After 39 years, the amount was almost 1 billion taels (precisely 982,238,150).

The sum was to be distributed as follows: Russia 28.97% Germany 20.02%, France 15.75%, United Kingdom 11.25%, Japan 7.73%, United States 7.32%, Italy 7.32%, Belgium 1.89%, Austria-Hungary 0.89%, Netherlands 0.17%, and Spain, Portugal, Sweden, and Norway 0.025%? Also, additional 16,886,708 taels was paid at local level in 17 provinces. By 1938, 652.37 million taels had been paid. The interest rate (of 4% per annum) was to be paid semi-annually with the first payment being the July 1, 1902.

La vengeance est un plat qui se mange froid

Wed, 09/14/2011 - 01:38 | 1666621 Cocktosen
Cocktosen's picture

Pretty soon the universal language in Europe will be Chinese.  Better start learning mon freurs!!!

Wed, 09/14/2011 - 02:43 | 1666780 Mauibrad
Mauibrad's picture

F$$k China, nobody needs their "help."

Wed, 09/14/2011 - 05:32 | 1667648 HitTheFan
HitTheFan's picture

Chinese can't be any worse than the Fed/bankster regime that is the US.

Wed, 09/14/2011 - 05:44 | 1667661 Mentaliusanything
Mentaliusanything's picture

"China is a poor country with only $4,000 per capita income. To talk and think about China to rescue countries with $40,000 per capita incomes is ridiculous.”
-Yu Yongding, a Chinese top economist and former member of the central bank’s monetary policy committee.

Reality check that bounces every time

P.S. it is currently $7500/ person but thats inflation for you

Wed, 09/14/2011 - 09:49 | 1668206 e-recep
e-recep's picture

Hahaha, typical Chinese wisdom and wit. :))

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