Thread: Central banks pump money into market

Originally Posted by OhOh

Originally Posted by nostromo

Then Geithner gave some advice

He came, he "advised", he opened the US wallet.

Geithner did not open any wallet, wanted Europeans to open a wallet, easy for him to say...while he did not mention it, but bailout of italy would be in trillions. Which again comes to why in the fuck should good nations (literally) of europe be paying for losers - these are hard times, euro will go down against asia (I have made my bed, say I trust some 1000000000 times more singapore than eu commission unelected crap) and usd/eur

Originally Posted by Butterfly

Originally Posted by Bangyai

Geoffrey Yu, director of foreign-exchange strategy at UBS
"This doesn't change anything. It helps the banks for the next couple of months but that's it."

best comment yet,

Originally Posted by Bangyai

Suki Mann, Societe Generale rate strategist
"Given the improved sentiment elsewhere, senior bank risk is at best only a touch better. To be able to issue bonds you need to see much lower levels on CDS and with that improved liquidity and better senior cash bond prices. That's not really being seen at the moment and clearly that will only come if you start getting some clarity on the sovereign situation.

that one also,

You belgian shite want eurobonds as they will cover you and the good nations of europe will pay -forever , simple as that (ref. Belgian government)

Originally Posted by nostromo

Originally Posted by The Bold Rodney

As long as the financial institutions can continue to pay their staff their :volume related" bonuses..that's absolutely fine.

The fact that these greedy C*NTS all piss in the same pot as the politicians do while singing from the same Hymn sheet...lets face it they've got to keep this game going for as long as humanly possible.

Oh and Bollox to the rest of the world, you don't matter one toss!

This southern europe thing, Greece, Italy PIIGS, having a good feast on borrowed credit available to them when they got into the program. The program is flawed. There is no way UK or US reg. officials would have allowed Greece or Italy into eurozone

The US in its current form does not qualify to enter the Eurozone.

California is in worse shape then Greece and it is the largest US state. Maybe I missed it......Did Cali get kicked out of the US ?

Originally Posted by nostromo

Originally Posted by OhOh

Originally Posted by nostromo

Then Geithner gave some advice

He came, he "advised", he opened the US wallet.

Geithner did not open any wallet, wanted Europeans to open a wallet, easy for him to say...while he did not mention it, but bailout of italy would be in trillions. Which again comes to why in the fuck should good nations (literally) of europe be paying for losers - these are hard times, euro will go down against asia (I have made my bed, say I trust some 1000000000 times more singapore than eu commission unelected crap) and usd/eur

giethner wants the ECB to print but the ECB is not that stupid. Only Americans are that stupid.
If ECB doesn't print then the Fed will.

Originally Posted by nostromo

Geithner did not open any wallet,

"The ECB and other central banks will be able to access dollars by swapping assets with the US Federal Reserve."

The US is delivering US$ for European "assets". As the EU assets are devaluing the US is opening it's wallet to potential losses.

Originally Posted by socal

Market forces will regulate it properly. When the majority of the world starts saving in gold, then the bankers and politicians will have no access to peoples savings and capital. If fiat is only used as a medium of exchange then there will be no incentive to print because there will be no means of accessing purchasing power.

The sad thing....sonny jim....is you are actually serious....either that or you are the greatest "piss taker" of all time.....


".....then the bankers and politicians will have no access to........power........"

man read what you write.....this is priceless........

Originally Posted by baby maker

Originally Posted by socal

Market forces will regulate it properly. When the majority of the world starts saving in gold, then the bankers and politicians will have no access to peoples savings and capital. If fiat is only used as a medium of exchange then there will be no incentive to print because there will be no means of accessing purchasing power.

The sad thing....sonny jim....is you are actually serious....either that or you are the greatest "piss taker" of all time.....


".....then the bankers and politicians will have no access to........power........"

man read what you write.....this is priceless........

This is nothing new. The only reason politicians and bankers print money is to access purchasing power(savings and capital) that already exists. This is only possible when purchasing power is saved in the form of something that can be duplicated.

Allot of small basket case economies(Argentina, Jamaica), the local currency is just a transactional currency. Nobody saves in it. The millionaires in these countries save in foreign currencies. Because there is little savings, anytime one of these governments prints, there is consumer price inflation instantly. They find out fairly quickly that they are wasting their time.

The same thing can happen in a western country. If the majority of people saved in gold or an alien fiat currency from Mars(you may understand that better), none of the politicians or bankers could access purchasing power.

Originally Posted by baby maker

Originally Posted by Thormaturge

The world is facing a real horror story on the inflation front and it is only just starting to take off.

Even to suggest that we can inflate ourselves out of this problem is eronious....

Inflation(currency devaluation) is the form that these losses will take. There is no choice. This is a fiat regime. There is no examples in history where a debtor nations currency rose in value while their economy imploded. Look at the currencies involved in the Asian financial crisis. They all fell by 40 or 60% quickly.(inflation) This will happen to the US dollar. When the gig is finally up, capital flight will hit the US debt markets and the dollar will tank.