News

**Luvapottamus**

Twatwaffle Wrote:

Doomkopf Wrote:
The drama may shift daily but the story isn't going to die until the or until a real solution to the sovereign debt crisis materializes.

Today it's the vote of confidence which seems certain to fail

Then what?

Then they print.

And since it would be a little too transparent for the ECB to print Euros directly, the G20 will authorize the IMF to print SDRs, which will then be traded for Euros.

This will have the same inflationary effect as the ECB printing directly, except they're hoping we don't either notice or make the connection.

http://www.reuters.com/article/2011/11/0...NU20111104

Okay I'm moving over to the pinned one.

**tethys**

Twatwaffle Wrote:

Doomkopf Wrote:
The drama may shift daily but the story isn't going to die until the or until a real solution to the sovereign debt crisis materializes.

Today it's the vote of confidence which seems certain to fail

Then what?

Then they print.

And since it would be a little too transparent for the ECB to print Euros directly, the G20 will authorize the IMF to print SDRs, which will then be traded for Euros.

This will have the same inflationary effect as the ECB printing directly, except they're hoping we don't either notice or make the connection.

http://www.reuters.com/article/2011/11/0...NU20111104

So the SDRs are the new global currency for our one-world-government utopia!

~~Doomkopf~~ · **~~Doomkopf~~** Banned User ID: 36058 11-04-2011 05:54 PM **Posts: 2,978**

Twatwaffle Wrote:

Doomkopf Wrote:
The drama may shift daily but the story isn't going to die until the or until a real solution to the sovereign debt crisis materializes.

Today it's the vote of confidence which seems certain to fail

Then what?

Then they print.

And since it would be a little too transparent for the ECB to print Euros directly, the G20 will authorize the IMF to print SDRs, which will then be traded for Euros.

This will have the same inflationary effect as the ECB printing directly, except they're hoping we don't either notice or make the connection.

http://www.reuters.com/article/2011/11/0...NU20111104

excellent scoop:

Quote:The idea being discussed is to replicate a 2009 decision by G20 leaders that agreed to a special allocation of $250 billion of IMF Special Drawing Rights, the IMF's internal unit of account, to its 187 member countries.

G20 European sources said that French President Nicolas Sarkozy was pushing to include a reference to the SDR allocation in a final G20 communique on Friday.

Some members could choose to sell part or all of their new SDR allocations to other members in exchange for hard currency, for example to meet balance of payments needs, while other members could buy more SDRs as a means of reallocating their reserves.

that should make the oneworldgovernmenttards heads explode!

A new non fiat, non asset backed, non interest bearing, non debt global currency just like what Russia and China have been advocating.

But that's it, the only solution to the EU and the US debt spirals is to just give them money to pay off their debts, or of course hyperinflation and global econ growth.

**The Other Side** lop guest User ID: 60531 11-04-2011 05:57 PM

The Greek Referendum thread was pulled too soon...it was like watching half a football match.

**tethys**

Whilst all eyes are on Greece Italian bond yields soar.

NOVEMBER 4, 2011, 11:16 A.M. ET
UPDATE: Italian Bond Yields Soar After G-20 Disappoints On IMF Funding

http://online.wsj.com/article/BT-CO-2011...12369.html

**tethys** · (This post was last modified: 11-04-2011 06:35 PM by tethys.)

http://www.bbc.co.uk/news/business-15593670

HSBC online and ATM services hit

Online banking services for HSBC customers have been hit by a problem and some ATMs are not working, the bank has confirmed.

Customers using the First Direct website have also been reporting problems accessing their accounts.

**Psychonaut** lop guest User ID: 59197 11-04-2011 06:52 PM

•REC Wrote:

We had one at one point..it was epic.

The established longer threads get far more hits than new threads ever do.

Yeah, that one was a blast.... Jhikpghf

http://lunaticoutpost.com/Topic-Greece-And-Beyond

**Psychonaut** lop guest User ID: 59197 11-04-2011 06:55 PM

The Other Side Wrote:

The Greek Referendum thread was pulled too soon...it was like watching half a football match.

I agree.... chuckle

But the thing is... D (outside of the fuku thread) only likes to keep threads pinned for 24 to 48 hours....he just doesn't like to see the front page clogged with pinned threads...

**Veniza**

I FULLY AGREE WITH THIS REQUEST !!!

Jhikpghf

**Veniza**