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What The XYZ!
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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WTF
Ron, as in Paul!
RUN RON RUN!
USA
SOL
& JWF
CIA
CFR
DHS
NSA
FBI
TSA
FUK
WE R
In The Bernank's filthy PIIGS latin, IOU means you owe him.
G-D
TLDR
ALL GOOD THINGS COME IN 3'S!!
http://www.tmz.com/2010/03/13/gal-with-3-breasts-in-total-recall-memba-her/
All these shadow agencies have way more power than the president, so what good could Ron Paul do even IF he got in there?
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.
upset the apple cart. prove once and for all the people have a voice. make us laugh.
EUR RIP
GLD FTW
(paper) gld? no thanks. how 'bout PMs, GGG, sex, etc.
EUR DOA!
FOAD
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):
Oh, sorry - here they are in acronym form:
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.
'I still wonder whose face will be on the 1000 SDR bills'
Blankfein. Doin' Gods work.
http://upload.wikimedia.org/wikipedia/en/f/fe/Telescreen.png
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.
END
THE
FED
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.
AAA- Love em. They send a tow truck when the car breaks down.
YYZ Neil Peart Bitchezzzz
NFG
LOL
WTI should be in there, and maybe EUR & USD.
And if you can trade them.. FAS and FAZ!
SOB
You forgot NWO ^^
LOL
BHO! King of All!
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.
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.
Well, isnt what youre describing already called a 'BOND'?
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.
OMG, WTF!
So true. The President is a big student of Profit/Earnings ratio - He deserves more cred
GLE [SOCIETE GENERALE] RIP ^ 2 [ZOMBI FRENCH BANK]
Groupama
ACA
BNP
NATIXIS
CREDIT MUTUEL....
FRENCH BANKING SYSTEM URE THE NEXT ON MY LIST....
UK is on mine... Merry Christmas.
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.
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.
Who is fixing anything at all? All I see anywhere are junkies with their hands out pleading for more free FED crack.
666
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
FRN, FRN, where art thou FRN?
SLV
GLD
excellent!
my afternoon snack,...
thanks tyler & co.
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
T&A
& isn't a letter... It's a symbol~!
It's a letter in Austrian.
Add GLD, KGB, & most importantly our new reserve currency RMB.
http://vegasxau.blogspot.com
SOS. Sacks of shit
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.
Is he still all in long the market?
B.O.I.
(Bombs Over Iran)
http://www.youtube.com/watch?v=fVyVIsvQoaE
EAT
MOI
BIC
HEZ
LOL
That's t-shirt material man! :)
All-time greatest ZH comment. You win.
FUBAR
Forgot GSI
BTFD and STFN! That seems to be how to play equities.
How about these?
FUK
THE
BNX
FFS
ramp up into close... robots planning a little correction tomorrow?
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.
FTW
..............FU2.........
tHATS WHAT THE bANKSTERS LETTERS & ONE NUMBER SAY TO YOU.
If you can use & in S & P.
I get to use a 2
can we go back to 2003 again please...I miss the perceived stability & misconceptions related to growth, consistency, and hope for the future...
KMA !
Kind of a weird post...Was Peter smokin the gonj before writing this?? You know what else is weird? The word "roads"....ro-ADS....
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...
Weak troll-fu.
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.
I'll be watching the northern show 90 miles south of Key West.
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.
How about an anagram
Scarabs Comps A Fiddle Feds
O_O
Did anyone catch the cut's to people's retirement's out of Italy with this upcoming deal?
PRC
N-F-L nice fuckin' life!
I've sticked all those letters together (SPAAASDRIMFECBFE) and put that on scrabblecheatdotcom...
first rated 18 word that came out is CAMPFIRES ...
have fun ...
remainning letters makes FACADES...
so I have "CAMPFIRES & FACADES" with SDBD left ...
I'd like to buy a vowel please
.
Ab's Cafe, Fried Spam.
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...
Every Day,
STK
SAV
WW3
SMH
GER
Thank god we don't have Merkels PMS do deal with.
Amazing russian word:
X. Y. ?.
Fucking ace for scrabble though.
QI?
QAT?
QIS?
(Y)
VAG
INA
ITS
OVR
ELP Karnevil9 1st 2nd and 3rd impression biatchezzz
George Carlin's Seven Naughty Words?
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