Greece will get 4.2 billion euros on May 10: European stability facility

no link yet

please pIN

[link to www.cnbc.com]

the supporters of the bailout usually work for the gov such as police, army etc... they don't mind beating up the little people if it keeps their paycheck coming...

Yawn,

Hyperinflation scenario coming our way...

Frater

Does any knows how much of that money will end up to Greece? 0. Everything goes to a special acount to pay for the bonds and interests.

Band Aid.. new world order buying time.

Ka ching again for Greece.

the english dopey fuckers just gave 10 billion more to the imf.
where's the other 5.8 billion?

The other 5.8 billion will be used to 'buy back' the debt in bonds.

1. Get in debt
2. Say u can't pay
3. ???? ? ?? ?
4. PROFIT

Let’s not forget 1914, 1918 and 1933. Germany never will.

This is why it was so fucking annoying listening to the EconoTards spew Diarahoia every fucking day declaring that "THIS IS IT GREEK DEFAULT IMMINENT"...

What a bunch of fucking tools and retards they are.

And next Friday 3.3 billion of that goes straight back out to cover a bond payment.

Welcome to the crazy world of euroeconomics.

...I'm asking, wouldn't it be better for the broke nations to go broke rather than giving them more money they won't be able to pay back?...Is this some bridge loans in the hope of a EU boom and times will get better and loans will be repaid? We have some cities going broke here in the US and so far we have been letting them go under and start over...so far.

A drop in the bucket and the last
can kicked down the greek road

No eveidence to baçk this idea

The game is rigged it will continue till the big boys deside when to pull the plug with the man made laws on debt and forgivness staked in thier favor

Which means?

What it means is what i suspect

Financial doom will come only when the evil monkeys want it and need it

Fuck Germany, take their cash.

that means gold and silver go up correct?

Yeah that's my guess. Bailouts/printing/inflation -> hedge into PMs.

DYODD

Germany will own Greece and other countries through debt and foreclosure. At the same time they will try to inflate their way out of debt to the IMF using the capital and principal of other failing countries with little risk to Germany itself. By loaning money Germany is lowering their debt and acquiring more capital. Germany wants to be the new IMF of Europe, WWII never ended it became a monetary war and Germany has the rest of us in check right now.

what a joke! unbelievable.

well, of course. why should it be otherwise?

As I said, they are lowering debt and acquiring capital at the same time. It is a win win situation for Germany.

Doomtards lose yet again.

DOW TO 15000 by Labor Day

Study up on the sucker rally of 1930.

Also realize the fed is buying its own bonds. It is holding its own debt and putting this debt in to the market; if they lose on the return, currency will drop steeply.

[link to www.lewrockwell.com]

The big picture here is something like this. The banking system has a lot of lousy loans on its books. It didn't mark them all down or fully because that would reveal that many banks are insolvent. They would need to be re-organized. The insolvent banks didn't want this done. The Fed rode to the rescue by exchanging its good securities for bad loans from the banks — some of them, not all. Meanwhile, bad loans began to crop up elsewhere in the system. The Fed took on some of those too. In the process, it has created far too high a level of bank reserves, a level that is highly inflationary if put to work making new loans. By issuing long-term debt, the Fed would complete the process it began. The banks would now have as assets the better securities the Fed loaned them plus they would have Federal Reserve bonds.


As for the Fed, its balance sheet would now carry as assets many troubled loans that the banks once held. On the liability side, the Fed would have issued its own bonds. Its financial leverage would have increased dramatically even as its asset quality decreased dramatically. Some of the shakiness of the banking system would be transported into shakiness of the Fed as a bank. This would not resolve all the problems because the total amount of shaky debt in the system, in the U.S. and worldwide, is so great that the Fed can absorb only a small fraction of it.
An interesting thing to wonder about is the risk of the Fed's bonds. The riskiness of liabilities derives from the riskiness of assets. Since the Fed has taken on numerous questionable loans (and refuses to be transparent about those loans), its assets have risen in risk as compared to when it held mainly Treasury bills. If the cash flows of the Fed's bonds are to be serviced by the cash flows of these assets, then those bonds will not be risk-free. But the Fed has the power to buy any security it wants to. It can buy its own bonds in the market and support the price (although this raises bank reserves and defeats the purpose of the bonds). It can make them risk-free, although this is unlikely.


Bonds have to be paid off. They have priority. The Fed's currency, which is non-interest bearing, has lower priority. The risk of the Fed's assets will then load on the remaining liabilities and equity, which are mainly currency outstanding and the Fed's capital. Of these, the currency is at least 20 times the capital. The currency bears most of the risk. What does this mean? Suppose the Fed buys junk bonds that yield 20 percent. If they pay off, the Fed's gamble pays off and the currency's cover is maintained. If they do not pay off, then the Fed has to pay off its bonds by selling good assets in order to pay the interest on those bonds. In that case, the currency's value declines.

Way less then 50%

Read it all...only a snip here.

Last Edited by Chrit on 05/09/2012 09:07 PM

One day Germany and Greece will be best friends.