P.R.I.N.T. Money: That's How I'm Gonna Fix The Economy

Pure genius.

Comments

[DailyBail]

CHART OF THE DAY: The Export Economy Can't Save Us

http://www.businessinsider.com/chart-of-the-day-even-the-export-boom-is-fading-2011-8

[LiberatedCitizen]

lol good one DB, did anyone doubt that they wouldn't raise the debt ceiling seriously? TOLD by their owners to do so or else....

Bank CEOs: Raise debt ceiling this week -- or else!

http://money.cnn.com/2011/07/28/news/economy/banks_debt_agreement/

Giant Banks Lobby to Raise the Debt Ceiling and Slash Public Benefits ... So They Can Keep Sucking at the Public Teat

http://www.zerohedge.com/contributed/giant-banks-lobby-raise-debt-ceiling-and-slash-public-benefits-so-they-can-keep-sucking-?


"The primary concern for any level of default, and even sovereign credit worthiness down grading, is that these will be what are called in derivative's contracts "credit events".

What this means is that all of the Credit Default Swaps (CDS) that have been waged on Uncle's stumbling will be "executable", meaning that people that have bet that Uncle will default or get down graded will "collect" on their bets.The entirety of the US financial system, the fed, and to a large extent the global central banking system, is in waaaaaaaaaaaaaaaaaaaay over their heads in exposure in the CDS derivative markets.Remember how much money is in the wild, wild west global derivatives game.So much skin that when it does start to unravel at the inevitable default and down grading of US sovereign debt, that huge portions of the CDS will be ignored and not paid out.Default OR downgrade is the first domino in the global CDS derivative market unraveling. Lehman's and Bear Stearns on the Hulk's steroids. Global. Katie bar the border.In short, the financial Armageddon we've all been wringing hands over may very well come. And this time the strings that can lead to the unraveling are not all held by those with the US best interests in mind.But this was all planned from the get go when central banks took over the world's discreet economies with their fiat, debt based, fractional reserve plunder devices. Only this time they hope to bring the world's discreet shattered economies under one global body.Desired result is calculated. Disaster planned. Control mechanisms put in place. Disaster initiated. Desired result desired by the wanton devastated masses. Its not enough to be slave masters. They want the slaves to want their slavery.

The end result for this is the coming mark without which no one may buy or sell. How many steps are in between that mark and the cliff we're teetering over now is unknown. What is known is the pain, suffering, and death they are ready, willing, able to visit to the world to make the mark reality."

Barack’s Wall Street Problem is Now America’s


http://www.noquarterusa.net/blog/2008/09/21/baracks-wall-street-problem-is-now-americas/

Wall Streeters Top Obama Re-Election Supporters

http://www.moneynews.com/StreetTalk/obama-wallstreet-electioncampaign/2011/07/22/id/404563


PUTIN: U.S. 'parasite' on global economy

http://www.reuters.com/article/2011/08/01/us-russia-putin-usa-idUSTRE77052R20110801

[DailyBail]

LC...that is the risk of a downgrade. A trigger of CDS default would mean a lot of people would owe untold billions, maybe trillions.

[DailyBail]

I discuss it in the most recent story on the front page.

[LiberatedCitizen]

Just saw that now D.B. btw did you see these?


Mammoth Investor Bets Against US

http://www.nuwireinvestor.com/articles/mammoth-investor-bets-against-us-57548.aspx

Company insiders sell stock at alarming pace

http://money.msn.com/top-stocks/post.aspx?post=0b26be09-11bd-4b08-a1f0-91b8de42b4d2

[Falesteeni]

Print Baby print............Music to my Palestinian ears...

[Inverseview]

The easiest way to fix an insolvent sovereign as follows:

ECB and their buddies already bought up the deep discount sovereign debt of the PIGS. And they went to their CDS buddies and SOLD CDS and pocketed the cash premium.
Along comes the Pan European Senior Bonds ("PESB") offered the PIGS issuers. PIGS issuers sign their name to receive proceeds from issuing E500 billion PESB. PIGS Issuers receive E250 billion cash, E250 billion of their outstanding debt, assignment of the CDS.

So let's first look at the transaction: PIGS receive: (I) outstanding E500 billion of their sovereign debt, E250 billion of cash and undertake CDS liability with a nominal value of E250 billion.

Now let's look at the accounting: PIGS reduce outstanding debt by E250 billion (ii) receive E250 billion cash + CDS with no liability.

So what's the gain? (i) Debt reduced by 250 billion (ii) Fresh E250 billion cash; (iii) reduction of outstanding debt thereby a miraculously improved balance sheet (iv) credit rating upgrade i.e. improved debt to GDP (v) no liability on CDS.

What about ECB? Improved quality of Pan European bonds, meaning a more credit worthy borrower. All they have to do now that the banks have taken a write down on sovereign debt is to effectuate the exchange.

If the undertaking is E1.5 trillion (meaning 3 units of the above PEBS) .. so what? Everyone that matters makes money AND solved an insoluble problem while doing so.

All you do need is an insolvent sovereign.