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What The XYZ!

Tyler Durden's picture





 

From Peter Tchir of TF Market Advisors

S&P
AAA
SDR
IMF
ECB
Fed
CDS

The fact that the global financial system hinges on these 7 sets of 3 letters is appalling and amazing.

If GS is the best and brightest the rating agencies are close to the opposite, yet somehow regulators let them set a ceiling on bank capital and now AAA or AAA on -ve watch could change the shape of Europe?

I still wonder whose face will be on the 1000 SDR bills - I was really hoping to survive without knowing these existed let alone that the fate of the world hung on the IMF's ability to use them.  Was the IMF truly ever designed to be involved in economies of the scale of Western Europe?  That they are so important to future is scary.

The ECB and FEd have more ability to change the crisis and swap current problems for future problems than any other entity out there. It seems shameful that Ben has more power than the president - at least when it comes to the economy.

CDS - nothing I can say is worse than what most people think and calling for exchange traded CDS will only be shouted down by those who think it doesn't go far enough and derailed by those who have no interest in seeing that happen.

I would have added IIF as another example but that would give them more credit than anyone other than politicians thought they had.

We could be down 40 points on the official downgrades - even though the market has known for awhile the ratings are a joke. We could be up 40 points on the IMF using our money and the ECB and Fed debasing our money. A truly strange world where it won't get truly better until it is really fixed - but too much existing money and power is too interested in keeping the losses off their books.

 


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Mon, 12/05/2011 - 16:50 | Link to Comment bigdumbnugly
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WTF

Mon, 12/05/2011 - 16:54 | Link to Comment Deadpool
Deadpool's picture

Ron, as in Paul!

Mon, 12/05/2011 - 16:58 | Link to Comment margaris
margaris's picture

RUN RON RUN!

Mon, 12/05/2011 - 16:59 | Link to Comment Schmuck Raker
Schmuck Raker's picture

USA

SOL

Mon, 12/05/2011 - 17:06 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

& JWF

Mon, 12/05/2011 - 17:24 | Link to Comment marsdefIAnCe
marsdefIAnCe's picture

CIA

CFR

DHS

NSA

FBI

TSA

FUK

WE R

Mon, 12/05/2011 - 19:14 | Link to Comment TruthInSunshine
TruthInSunshine's picture

In The Bernank's filthy PIIGS latin, IOU means you owe him.

Mon, 12/05/2011 - 17:00 | Link to Comment Ahmeexnal
Ahmeexnal's picture

G-D

Mon, 12/05/2011 - 18:20 | Link to Comment Schmuck Raker
Schmuck Raker's picture

TLDR

Mon, 12/05/2011 - 17:00 | Link to Comment Sudden Debt
Sudden Debt's picture

ALL GOOD THINGS COME IN 3'S!!

Mon, 12/05/2011 - 17:02 | Link to Comment SheepDog-One
SheepDog-One's picture

All these shadow agencies have way more power than the president, so what good could Ron Paul do even IF he got in there?

Mon, 12/05/2011 - 17:13 | Link to Comment kaiserhoff
kaiserhoff's picture

Hell yes, Shep.  You can't disinvent nuclear weapons.  Bernanke must go to prison, or worse because the future is watching.  Printing will always be more fun than taxing, or gawd forbid, reduced spending.  Traitor Ben must be stopped.  The Reichstag may yet do that, or even the CONgress, but the stakes couldn't be higher.

Mon, 12/05/2011 - 17:12 | Link to Comment Deadpool
Deadpool's picture

upset the apple cart. prove once and for all the people have a voice. make us laugh.

Mon, 12/05/2011 - 16:50 | Link to Comment hugovanderbubble
hugovanderbubble's picture

EUR RIP

Mon, 12/05/2011 - 16:56 | Link to Comment BorisTheBlade
BorisTheBlade's picture

GLD FTW

Mon, 12/05/2011 - 17:48 | Link to Comment greased up deaf guy
greased up deaf guy's picture

(paper) gld?  no thanks.  how 'bout PMs, GGG, sex, etc.

Mon, 12/05/2011 - 16:59 | Link to Comment margaris
margaris's picture

EUR DOA!

Mon, 12/05/2011 - 16:51 | Link to Comment Ahmeexnal
Ahmeexnal's picture

FOAD

Mon, 12/05/2011 - 16:59 | Link to Comment TruthInSunshine
TruthInSunshine's picture

The one phrase and one blueprint that should scare the ever living shit out of anyone who hasn't hedged against the greatest Ponzi scheme ever devised in the history of mankind accordingly (if one does know why & how it's a Ponzi, it's too late for you):

Fractional Reserve Banking

Modern Money Mechanics

 

Oh, sorry - here they are in acronym form:

FRB

MMM

 

It's all fun and games until global deleveraging takes place, banks with sucking chest wounds neither want or can afford to make loans, formerly voracious consumers kick the 9 HDTVs every three years habit and even cut up some of their credit cards (and don't want auto loans or mortgages at 3% interest rates), and The Bernank finds himself pushing on a rope that is tied to a debt/credit based fractional reserve created sham of an economy that's connected to a noose.

Mon, 12/05/2011 - 16:51 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

'I still wonder whose face will be on the 1000 SDR bills'

Blankfein. Doin' Gods work.

Mon, 12/05/2011 - 17:08 | Link to Comment TruthInSunshine
TruthInSunshine's picture

The International Fractional Reserve Banking Cabal is not without a sense of humor, hence they will put the face of Ludwig Von Mises on the SDR currency.

Mon, 12/05/2011 - 16:51 | Link to Comment Momauguin Joe
Momauguin Joe's picture

END

THE

FED

 

Mon, 12/05/2011 - 16:58 | Link to Comment e-man
e-man's picture

 

 

S&P
AAA
SDR
IMF
ECB
Fed
CDS
SOL

The fact that the global financial system hinges on these 8 sets of 3 letters is appalling and amazing.

 

There, fixed it for ya.

Mon, 12/05/2011 - 17:50 | Link to Comment Taterboy
Taterboy's picture

AAA- Love em. They send a tow truck when the car breaks down.

Mon, 12/05/2011 - 16:53 | Link to Comment LouisDega
LouisDega's picture

YYZ Neil Peart Bitchezzzz

Mon, 12/05/2011 - 16:52 | Link to Comment Haole
Haole's picture

NFG

Mon, 12/05/2011 - 16:52 | Link to Comment docmac324
docmac324's picture

LOL

Mon, 12/05/2011 - 16:53 | Link to Comment Tsunami Wave
Tsunami Wave's picture

WTI should be in there, and maybe EUR & USD.

 

And if you can trade them.. FAS and FAZ!

Mon, 12/05/2011 - 16:52 | Link to Comment Ancona
Ancona's picture

SOB

Mon, 12/05/2011 - 16:52 | Link to Comment Johnny B Good
Johnny B Good's picture

You forgot NWO ^^

Mon, 12/05/2011 - 16:52 | Link to Comment ultimate warrior
ultimate warrior's picture

LOL

Mon, 12/05/2011 - 20:25 | Link to Comment Grinder74
Grinder74's picture

BHO! King of All!

Mon, 12/05/2011 - 16:52 | Link to Comment CClarity
CClarity's picture

If ratings agencies, with prodding from Geitner and cohorts, are hoping this "threat" will help EZ countries ratify/approve a new treaty . . . they best recall how unmotivating the S&P downgrade of the USA in August was to our Congressinal folks.  

The notion that EVERYthing must go right for happiness to be experienced come Friday really means, game over.  Europe will not get this together in a credible way.  And the global glut of good news wil continue for the rest of the decade.  Not longer if we're lucky.

Mon, 12/05/2011 - 16:55 | Link to Comment Johnny B Good
Johnny B Good's picture

Germany will agree to a bailout in the End, but not before there are rules in place that guarantee (!) that the money doesn't go down the drain, but is coming back in the future.

 

Mon, 12/05/2011 - 17:04 | Link to Comment SheepDog-One
SheepDog-One's picture

Well, isnt what youre describing already called a 'BOND'?

Mon, 12/05/2011 - 18:26 | Link to Comment Johnny B Good
Johnny B Good's picture

I am not one who believes that there will never be a Eurobond. Just not before there are ENFORCED rules to play by. Eurobonds now would just take the pressure off of the PIIGS. They never reform, the money is lost and the next crisis just a question of 'when' not 'if'.

 

You can not cure a druggy by providing him with his next shot.

Deprive him, then give him a perspective/job/whatever.

In THAT order.

 

Financial Markets and Eurobonds/Bailouts are exactly that: Junkies searching for next quick fix.

Mon, 12/05/2011 - 16:53 | Link to Comment Smithovsky
Smithovsky's picture

OMG, WTF!

Mon, 12/05/2011 - 16:53 | Link to Comment Sophist Economicus
Sophist Economicus's picture

It seems shameful that Ben has more power than the president - at least when it comes to the economy.

 

So true.   The President is a big student of Profit/Earnings ratio - He deserves more cred

Mon, 12/05/2011 - 16:53 | Link to Comment hugovanderbubble
hugovanderbubble's picture

GLE [SOCIETE GENERALE] RIP ^ 2 [ZOMBI FRENCH BANK]

Groupama

ACA

BNP

NATIXIS

CREDIT MUTUEL....

 

FRENCH BANKING SYSTEM URE THE NEXT ON MY LIST....

 

Mon, 12/05/2011 - 16:56 | Link to Comment GeneMarchbanks
GeneMarchbanks's picture

UK is on mine... Merry Christmas.

Mon, 12/05/2011 - 17:04 | Link to Comment hugovanderbubble
hugovanderbubble's picture

UK still AAA rating with IRISH EXPOSURE?....uhmm what im doing wrong...

RBS still exists? -----------------------------THIS BANK IS CRAP

HSBC  ------------ Hong Kong Bubble.

LLOYDS * ANOTHER SCAM BANK

BARCLAYS... uhmm ROyal family involved....

I agree with u GENE...u have access granted to crash this UK FARCE...

NO OLYMPIC GAMES IN LONDON....JUST DEBT, DEBT DEBT ....

 

Also CANADIAN BANKS

DESTROY BRITISH BANKS - or better... Attack the STERLING...Directly...

 

*AUSSIE BANKS another option...(relative pair trading)

 

And of course GENE,Wish U the same  have nice XMAS, and the most important thing HEALTH SIR.

Mon, 12/05/2011 - 16:54 | Link to Comment Cdad
Cdad's picture

 A truly strange world where it won't get truly better until it is really fixed 

Eggsactly!  Neither economies nor markets can turn around until the players involved in perverting them are gone.  Capital cannot form.  Businesses cannot plan.  People cannot get work or spend.  The banks are the very center of the problem...something most have known now for two years.

Roll on, Greater American Depression...roll on.

Mon, 12/05/2011 - 17:06 | Link to Comment SheepDog-One
SheepDog-One's picture

Who is fixing anything at all? All I see anywhere are junkies with their hands out pleading for more free FED crack.

Mon, 12/05/2011 - 16:54 | Link to Comment wandstrasse
wandstrasse's picture

666

Mon, 12/05/2011 - 16:54 | Link to Comment rambler6421
rambler6421's picture

YOu're also forgetting the PPT (Plunge Protection Team).

 

"I still wonder whose face will be on the 1000 SDR bills"

 

Duh.  Barry Soetero will be on that.

 

libertarian86.blogspot.com

Mon, 12/05/2011 - 16:55 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

FRN, FRN, where art thou FRN?

Mon, 12/05/2011 - 16:56 | Link to Comment unky
unky's picture

SLV

GLD

Mon, 12/05/2011 - 16:56 | Link to Comment earleflorida
earleflorida's picture

excellent!

my afternoon snack,...

thanks tyler & co.

Mon, 12/05/2011 - 17:33 | Link to Comment Duffminster
Duffminster's picture

WOW, is the other acronym.   Given that at least 17 nations would have to independently push the so called new treaty that Germany and France "agree to"  through their electorate and that such treaty ratification would be tantamount to giving up sovereignty of their own budgets and help ensure that citizens rather than the banks that made the horrendous loans based on horrendous ratings by bought and paid for agencies, thus ensuring many future generations will be deeply indebted to the same “banks” that caused the problems in the first place seems to be politically unpopular. Never fear, with enough corruption they might be able to get anything through government and I’m sure they will try but even if it is ratified it will be in a couple of years, far too long to avoid the increasingly likely deep recession in Europe, which is likely to cause tax revenues to contract and deficits to spiral upward as so called “austerity” takes a huge byte out of GDP throughout the EU member nations. Personally, I just see a lot more social unrest and the chances of ratification decreasing as a function of austerity. The problem is that NO One has the money to make good on these bad loans and the financial barons who engineered the financial meltdown that netted them so much in 2008 at the expense of the people probably see this all as an opportunity to bond the citizens of the world to debt for generations to come while they continue looting the future. Despite the derivatives orchestrated upward movements in the markets today, designed to support the perceptions that all is now well in the EU bond markets and economy along with the photo op and pony show with Merkel and Sarkozy and the cut and paste US financial reporting, the global economy is showing signs of buckling under the weight of debt and deception. Lets look at a few issues which are still not getting much front page attention. Topic One: China, India and EU are slowing substantially and QE and bailouts seemed to have reached a tipping point of effectiveness in China. Supporting Articles: Euro Zone Heading for Steep Contraction in Fourth Quarter "...The escalating sovereign debt crisis has already pushed the euro zone economy into a contraction that could be far worse than economists had expected, business surveys suggested on Monday...." China's Private Sector Shrinks In November, Input Costs Fall China Economic Slowdown Spreading To Services Sector "...China's services sector cooled in November to its weakest growth in three months, an HSBC purchasing managers' index showed on Monday, the latest data portraying an economy slowing quickly and in need of policy support...." Chinese leaders worry economic slump could spark more protests Topic Two: The US economy is not really improving much (certainly not enough to carry the rest of the world) and the rest of the world is slowing and that will impact US economic conditions. Supporting Articles: Services in U.S. Expand at Slowest Pace Since 2010: Economy ISM Non-Manufacturing Index, Factory Orders Fall ... India's economy slows to weakest pace in more than 2 yrs "...India's economy grew at its weakest pace in more than two years in the quarter that ended in September, revealing the heavy toll that stubborn inflation, rising interest rates and crisis-hit global capital markets are having on Asia's third-biggest economy..." Discussion why India is slowing While top US forecasters are assuming factors like projections of improving housing prices might help bolster the US economy, it has been exports that have helped the economy improve and with the Europe, China, India and other developing nations showing signs of slowing growth and Europe perhaps flat out contraction and that cascading to other developing nations and with banks being very tight on mortgage loans, I don't see how either the projections of increasing home prices or increasing exports comes to fruition. Duffminster Times

Mon, 12/05/2011 - 16:57 | Link to Comment TimmyM
TimmyM's picture

T&A

Mon, 12/05/2011 - 16:57 | Link to Comment dereksatkinson
dereksatkinson's picture

& isn't a letter... It's a symbol~!

Mon, 12/05/2011 - 20:28 | Link to Comment Grinder74
Grinder74's picture

It's a letter in Austrian.

Mon, 12/05/2011 - 16:58 | Link to Comment vegas
vegas's picture

Add GLD, KGB, & most importantly our new reserve currency RMB.

 

http://vegasxau.blogspot.com

Mon, 12/05/2011 - 16:58 | Link to Comment ziggy59
ziggy59's picture

SOS. Sacks of shit

Mon, 12/05/2011 - 17:01 | Link to Comment zebrasquid
zebrasquid's picture

Here's the 3-letters you need:   GTU (Central Gold Trust).

Either they start printing like Ca-razy, or the system seizes and melts down.

Either way, time to seek refuge in gold, as much as you can  (in IRAs, etc., GTU is the safest paper gold, all real gold bullion in a vault in Canada managed by honest, gold-bug type people with decades long track record doing this).

Puts, etc., I've been using for years are starting to feel like CDSs to me...you know, subject to counterparty risk or govt/market freezing, seizing, invalidating, etc.

Mon, 12/05/2011 - 17:01 | Link to Comment junkyardjack
junkyardjack's picture

Is he still all in long the market?

B.O.I.

(Bombs Over Iran)

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

Mon, 12/05/2011 - 16:59 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

 

 

EAT
MOI
BIC
HEZ
LOL

Mon, 12/05/2011 - 17:02 | Link to Comment Sudden Debt
Sudden Debt's picture

That's t-shirt material man! :)

Mon, 12/05/2011 - 17:16 | Link to Comment Iriestx
Iriestx's picture

All-time greatest ZH comment.  You win.

Mon, 12/05/2011 - 16:58 | Link to Comment Everybodys All ...
Everybodys All American's picture

FUBAR

 

Mon, 12/05/2011 - 16:58 | Link to Comment thetrader
thetrader's picture

Forgot GSI

Mon, 12/05/2011 - 17:00 | Link to Comment firstdivision
firstdivision's picture

BTFD and STFN!  That seems to be how to play equities.

Mon, 12/05/2011 - 17:00 | Link to Comment Ned Zeppelin
Ned Zeppelin's picture

 

How about these?

 

FUK

THE

BNX

Mon, 12/05/2011 - 17:02 | Link to Comment Scalaris
Scalaris's picture

FFS

Mon, 12/05/2011 - 17:04 | Link to Comment bankonthebust
bankonthebust's picture

ramp up into close... robots planning a little correction tomorrow?

Mon, 12/05/2011 - 17:04 | Link to Comment cdskiller
cdskiller's picture

S&P: Shut them down. Waterboard the execs just for fun.

AAA: Eliminate the use of credit rating agencies in general and this fraudulent rating will no longer exist

SDR: Institutionalized theft. Punish it as such.

IMF: Shut them down.

ECB: Storm, audit, eliminate.

FED: Storm, audit, eliminate.

CDS: Don't trade them on exchanges, ban them with extreme prejudice.

Mon, 12/05/2011 - 17:04 | Link to Comment peekcrackers
peekcrackers's picture

FTW

 

Mon, 12/05/2011 - 17:06 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

..............FU2.........

tHATS WHAT THE bANKSTERS LETTERS  & ONE NUMBER SAY TO YOU.

If you can use & in S & P.

I get to use a 2

Mon, 12/05/2011 - 17:06 | Link to Comment willien1derland
willien1derland's picture

can we go back to 2003 again please...I miss the perceived stability & misconceptions related to growth, consistency, and hope for the future...

Mon, 12/05/2011 - 17:06 | Link to Comment billhilly
billhilly's picture

KMA !

Mon, 12/05/2011 - 17:07 | Link to Comment gdgenius
gdgenius's picture

Kind of a weird post...Was Peter smokin the gonj before writing this?? You know what else is weird? The word "roads"....ro-ADS....

Mon, 12/05/2011 - 17:16 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

Bears gone crazy from starvation. It's starting to get bad.

I find better stuff on Fidel Castro's blog:
http://www.juventudrebelde.co.cu/cuba/2007-08-10/reflections-by-fidel-ca...

Mon, 12/05/2011 - 17:25 | Link to Comment Spastica Rex
Spastica Rex's picture

Weak troll-fu.

Mon, 12/05/2011 - 17:33 | Link to Comment TruthInSunshine
TruthInSunshine's picture

What will be epic is when the self-professed elite begin to cannibalize each other, waiting on The Bernank (aka Icarus) to come to their rescue.

Mon, 12/05/2011 - 17:52 | Link to Comment Carlyle Groupie
Carlyle Groupie's picture

I'll be watching the northern show 90 miles south of Key West.

Mon, 12/05/2011 - 17:08 | Link to Comment fonzanoon
fonzanoon's picture

Last week when the banks all intervened this shit got real yo (markets went up). Today when they put all 17 countries on negative watch this shit got really real (markets shrugged it off).  Next month when they seriously almost downgrade somebody but do not this shit is going to get really really real.

Mon, 12/05/2011 - 17:08 | Link to Comment DonBadajoz
DonBadajoz's picture

How about an anagram

Scarabs Comps A Fiddle Feds

Mon, 12/05/2011 - 17:09 | Link to Comment YesWeKahn
YesWeKahn's picture

O_O

Mon, 12/05/2011 - 17:10 | Link to Comment Teamtc321
Teamtc321's picture

Did anyone catch the cut's to people's retirement's out of Italy with this upcoming deal?  

Mon, 12/05/2011 - 17:13 | Link to Comment GOSPLAN HERO
GOSPLAN HERO's picture

PRC

Mon, 12/05/2011 - 17:13 | Link to Comment fuu
Mon, 12/05/2011 - 17:14 | Link to Comment amimouni
amimouni's picture

I've sticked all those letters together (SPAAASDRIMFECBFE) and put that on scrabblecheatdotcom...

first rated 18 word that came out is CAMPFIRES ...

have fun ... 

Mon, 12/05/2011 - 17:27 | Link to Comment amimouni
amimouni's picture

remainning letters makes FACADES...

so I have "CAMPFIRES & FACADES" with SDBD left ...

 

Mon, 12/05/2011 - 20:03 | Link to Comment Hard1
Hard1's picture

I'd like to buy a vowel please

Mon, 12/05/2011 - 20:04 | Link to Comment Hard1
Hard1's picture

.

Mon, 12/05/2011 - 17:30 | Link to Comment Piranhanoia
Piranhanoia's picture

Ab's Cafe, Fried Spam.

Mon, 12/05/2011 - 17:21 | Link to Comment Dick Darlington
Dick Darlington's picture

12-05 15:51: IMF says board overlooks Greek failures on loan conditions

 

Soon two years since the 1st bail out package and nothing has changed. Actually, everything has gone worse. There was lot of posturing abt "strict conditionality" and what not but the TRUTH is that it's all abt saving the banks, no matter what the greeks do. That IMF headline says it loud and clear. Makes me fookin sick...

Mon, 12/05/2011 - 17:21 | Link to Comment GolfHatesMe
GolfHatesMe's picture

Every Day,

STK

SAV

Mon, 12/05/2011 - 17:23 | Link to Comment i love cholas
i love cholas's picture

WW3

Mon, 12/05/2011 - 17:39 | Link to Comment Shizzmoney
Shizzmoney's picture

SMH

Mon, 12/05/2011 - 17:44 | Link to Comment CitizenPete
CitizenPete's picture

GER

Mon, 12/05/2011 - 17:48 | Link to Comment lizzy36
lizzy36's picture

Thank god we don't have Merkels PMS do deal with.

Mon, 12/05/2011 - 18:14 | Link to Comment vitoox
vitoox's picture

Amazing russian word:

X. Y. ?.

Mon, 12/05/2011 - 19:17 | Link to Comment Use of Weapons
Use of Weapons's picture

Fucking ace for scrabble though.

 

QI?
QAT?
QIS?

Mon, 12/05/2011 - 20:00 | Link to Comment Marcuz Aurelius
Marcuz Aurelius's picture

(Y)

VAG

INA

Mon, 12/05/2011 - 20:11 | Link to Comment AmazingLarry
AmazingLarry's picture

ITS

OVR

 

Mon, 12/05/2011 - 20:36 | Link to Comment LouisDega
LouisDega's picture

ELP Karnevil9 1st 2nd and 3rd impression biatchezzz

Mon, 12/05/2011 - 22:52 | Link to Comment wee-weed up
wee-weed up's picture

George Carlin's Seven Naughty Words?

Tue, 12/06/2011 - 01:08 | Link to Comment oldman
oldman's picture

Peter,

You must be as bored with this completely bullshit non-market market as the rest of us.

I didn't even read the above just the title, but thought that you might need the company of another terribly bored dude before he goes back to the crossword     om

Do NOT follow this link or you will be banned from the site!