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Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...

 
Anonymous Coward
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07/11/2013 09:30 AM
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Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Gregor Peter‏@L0gg0l5 min
@4xguy Europe bailing out China now? but right, Dollar negative $DXY


Gregor Peter‏@L0gg0l12 min
ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS
Saddletramp

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07/11/2013 09:32 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Anonymous Coward (OP)
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07/11/2013 09:32 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Gregor Peter‏@L0gg0l2 min
Another round of forex chaos about to unfold after U.S open
Anonymous Coward (OP)
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07/11/2013 09:39 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
Face Palmer

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07/11/2013 09:40 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


No one is ever broken as long as currency is backed by printing presses.
"The world will soon wake up to the reality that everyone is broke and can collect nothing from the bankrupt, who are owed unlimited amounts by the insolvent, who are attempting to make late payments on a bank holiday in the wrong country, with an unacceptable currency, against defaulted collateral, of which nobody is sure who holds title."

Never attribute to malice that which is adequately explained by stupidity.

The woman who is not pursued sets up the doctrine that pursuit is offensive to her sex, and wants to make it a felony. No genuinely attractive woman has any such desire. - H.L. Mencken, In Defense Of Women
Anonymous Coward (OP)
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07/11/2013 09:42 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


No one is ever broken as long as currency is backed by printing presses.
 Quoting: Face Palmer


we will see...
Earth Cries

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07/11/2013 09:49 AM

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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Good morning, Luis.
The Dow is hovering around +150 right now. The reason? Old Ben said yesterday they will keep the presses rolling until the unemployment rate drops to 6.5%.
Today's unemployment figures rose to 360,000 vs the expected 340,00. So the presses keep on a rolling!
This is one screwed up mess!
Mark 13:20 And except that the Lord had shortened those days, no flesh should be saved: but for the elect's sake, whom he hath chosen, he hath shortened the days.

“Things fall apart; the center cannot hold.” Yeats
Anonymous Coward (OP)
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07/11/2013 09:53 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Good morning, Luis.
The Dow is hovering around +150 right now. The reason? Old Ben said yesterday they will keep the presses rolling until the unemployment rate drops to 6.5%.
Today's unemployment figures rose to 360,000 vs the expected 340,00. So the presses keep on a rolling!
This is one screwed up mess!
 Quoting: Earth Cries


gezzzzzzz
lionhound

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07/11/2013 09:55 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Good morning, Luis.
The Dow is hovering around +150 right now. The reason? Old Ben said yesterday they will keep the presses rolling until the unemployment rate drops to 6.5%.
Today's unemployment figures rose to 360,000 vs the expected 340,00. So the presses keep on a rolling!
This is one screwed up mess!
 Quoting: Earth Cries


Yep silver up 0.82 overnight.
Saddletramp

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07/11/2013 09:55 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Dr. Neuk

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07/11/2013 09:57 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
With everyone bailing each other out, why can't we just come together as a world and be like, lets actually work this out and figure out a real solution.. because obviously EVERYONE is hurting.
DigitalFreedom

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07/11/2013 09:58 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
 Quoting: Saddletramp


Inflation? Deflation? Flatulation?

rockon
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07/11/2013 09:58 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Good morning, Luis.
The Dow is hovering around +150 right now. The reason? Old Ben said yesterday they will keep the presses rolling until the unemployment rate drops to 6.5%.
Today's unemployment figures rose to 360,000 vs the expected 340,00. So the presses keep on a rolling!
This is one screwed up mess!
 Quoting: Earth Cries


gezzzzzzz
 Quoting: Luisport


Gregor Peter‏@L0gg0l8 min
KeithMcCoup :-) RT @KeithMcCullough: You used to go to jail in the US for doing what Bernanke just did #CoinageAct 1873 @federalreserve
Trubind1

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07/11/2013 09:58 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
 Quoting: Saddletramp


EU is not bailing China out. China is cashing out before crash. The EU owes China a lot of money also.
Anonymous Coward
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07/11/2013 10:00 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
It's so they can buy up real estate and industry in Europe before they let the bottom fall out.
Anonymous Coward (OP)
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07/11/2013 10:16 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Russian Market‏@russian_market4 min
EurJpy crashing...
stormer

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07/11/2013 10:19 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
All dominoes,China just another big,fat domino! brickswallrocket
Emancipate yourselves from mental slavery - Bob Marley
Anonymous Coward (OP)
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07/11/2013 10:41 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
zerohedge‏@zerohedge5 min
U.S. HOUSE REPUBLICANS INTRODUCE BILL TO END FANNIE MAE, FREDDIE MAC CONSERVATORSHIP OVER A 5-YEAR TIME FRAME


zerohedge‏@zerohedge5 min
Fed's Duke resigns
Crazy Harriet

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07/11/2013 10:55 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Good morning, Luis.
The Dow is hovering around +150 right now. The reason? Old Ben said yesterday they will keep the presses rolling until the unemployment rate drops to 6.5%.
Today's unemployment figures rose to 360,000 vs the expected 340,00. So the presses keep on a rolling!
This is one screwed up mess!
 Quoting: Earth Cries


Greenspan used to keep the punch bowl filled until it hit 6.25% - if it started creeping to 6%, he tightened. Saw him during congressional testimony discussing that back in the 1980's.

It really caught my attention when he made clear(in his way, using big words that most listeners wouldn't understand) he stated his determination to maintain unemployment over 6% permanently, because under 6.25 there was a whiff of labor inflation which upset the business applecart.
"I would rather take a political risk in pursuit of peace, than risk peace in pursuit of politics." - Donald Trump
Anonymous Coward
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07/11/2013 11:42 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
 Quoting: Saddletramp


Sitting in purgatory in stocks, bonds and on balance sheets of the financial worlds system. That why there is no inflation relative to the printing that has been completed.
The regular unsteerable expanding inflation of growing economies have been shut down, sacrificed for the direct printing "100% steerable" fiat currencies that shore up leverage/reserves and keeps the banks of the world "looking" solvent.
Currency printing and confiscation of property through a metered economy is the name of the game, for the financial system to try and keep their fun going and the yachts fuel tanks filled.
Anonymous Coward
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United States
07/11/2013 11:44 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Good morning, Luis.
The Dow is hovering around +150 right now. The reason? Old Ben said yesterday they will keep the presses rolling until the unemployment rate drops to 6.5%.
Today's unemployment figures rose to 360,000 vs the expected 340,00. So the presses keep on a rolling!
This is one screwed up mess!
 Quoting: Earth Cries


Greenspan used to keep the punch bowl filled until it hit 6.25% - if it started creeping to 6%, he tightened. Saw him during congressional testimony discussing that back in the 1980's.

It really caught my attention when he made clear(in his way, using big words that most listeners wouldn't understand) he stated his determination to maintain unemployment over 6% permanently, because under 6.25 there was a whiff of labor inflation which upset the business applecart.
 Quoting: Crazy Harriet


What was the leverage ratio back then and where were the CDS's ? Those two things have changed the game now.
Saddletramp

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United States
07/11/2013 11:50 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
 Quoting: Saddletramp


Sitting in purgatory in stocks, bonds and on balance sheets of the financial worlds system. That why there is no inflation relative to the printing that has been completed.
The regular unsteerable expanding inflation of growing economies have been shut down, sacrificed for the direct printing "100% steerable" fiat currencies that shore up leverage/reserves and keeps the banks of the world "looking" solvent.
Currency printing and confiscation of property through a metered economy is the name of the game, for the financial system to try and keep their fun going and the yachts fuel tanks filled.
 Quoting: Anonymous Coward 37915079


And there you are, they're converting this worthless fiat currency into hard assets....but not so much that it would cause a stir!

That's the mistake China made...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Saddletramp

User ID: 43057721
United States
07/11/2013 11:54 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Good morning, Luis.
The Dow is hovering around +150 right now. The reason? Old Ben said yesterday they will keep the presses rolling until the unemployment rate drops to 6.5%.
Today's unemployment figures rose to 360,000 vs the expected 340,00. So the presses keep on a rolling!
This is one screwed up mess!
 Quoting: Earth Cries


Greenspan used to keep the punch bowl filled until it hit 6.25% - if it started creeping to 6%, he tightened. Saw him during congressional testimony discussing that back in the 1980's.

It really caught my attention when he made clear(in his way, using big words that most listeners wouldn't understand) he stated his determination to maintain unemployment over 6% permanently, because under 6.25 there was a whiff of labor inflation which upset the business applecart.
 Quoting: Crazy Harriet


What was the leverage ratio back then and where were the CDS's ? Those two things have changed the game now.
 Quoting: Anonymous Coward 37915079


There was probably no leverage ratio because a lot of these derivatives were unheard of before 2000...

I remember when the commodity brokers went around to the bankers explaining how put and call options worked so we would allow our customers to use them instead of playing futures contracts on the margin...
"And how can a man die better than facing fearful odds, for the ashes of his fathers, and the temples of his Gods..." ~ Horatius

"Because he told the truth, and once you've heard the truth, everything else is just cheap whiskey..."

"We don't rent pigs!"
Anonymous Coward
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07/11/2013 11:57 AM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


A couple years ago they spent all their money on silver and gold.

Tapped out.

No shit.
****SUPERFLY****

User ID: 19055858
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07/11/2013 12:02 PM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
 Quoting: Saddletramp


Who knows at this point just print more of the monopoly dough.
It's all a scheme anyways. Money is leaking from everywhere TO everyone!
Anonymous Coward
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07/11/2013 12:21 PM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
 Quoting: Saddletramp


Inflation? Deflation? Flatulation?

rockon
 Quoting: DigitalFreedom


illegal psyops trolling.
Anonymous Coward
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Turkey
07/11/2013 12:34 PM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
Gregor Peter‏@L0gg0l5 min
@4xguy Europe bailing out China now? but right, Dollar negative $DXY


Gregor Peter‏@L0gg0l12 min
ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS
 Quoting: Luisport


Luisport, your a moron. You should not be allowed to create a thread.

Actually you should not be allowed to be on the internet.
 Quoting: Anonymous Coward 1514687


Shut the fuck up! He is our Doom President. Go listen to MSM, idiot.
Anonymous Coward
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07/11/2013 12:56 PM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


A couple years ago they spent all their money on silver and gold.

Tapped out.

No shit.
 Quoting: Anonymous Coward 31914951


before or after they realised fort knox was cleaned out?
Hard Eight

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07/11/2013 01:04 PM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
China needs cash...
 Quoting: Saddletramp


ok but europe is broken...
 Quoting: Luisport


Everyone is broke, where did all the money go?
 Quoting: Saddletramp


Hmmm? Maybe corrupt politicians...I mean social justice.
Texas has yet to learn submission to any oppression, come from what source it may.
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Anonymous Coward (OP)
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07/11/2013 01:09 PM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
zerohedge‏@zerohedge2 min
30Y Prices at 3.660%, WI 3.667%
Anonymous Coward (OP)
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07/11/2013 01:10 PM
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Re: Europe bailing out China now? ECB PREPARING CNY800 BLN SWAP LINE WITH CHINA PBOC, MNI SAYS!!! Another round of forex chaos...
zerohedge‏@zerohedge2 min
30Y Prices at 3.660%, WI 3.667%
 Quoting: Luisport


zerohedge‏@zerohedge1 min
Lowest Bid to Cover since August 2011 (debt ceiling)





GLP