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The ECB - EUR22 Trillion Is Missing!!!

 
Luisport

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Portugal
10/02/2012 09:03 AM

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The ECB - EUR22 Trillion Is Missing!!!
1 minzerohedge‏@zerohedge

The ECB - EUR22 Trillion Is Missing [link to www.zerohedge.com]

Last Edited by Luisport on 10/02/2012 09:44 AM
Luisport (OP)

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10/02/2012 09:04 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
Yesterday I published the assets/liabilities of the European Central Bank as provided by them. I provided some analysis that I thought was relevant as I also asked all of you to look at the numbers yourself. To be quite open; I was stunned by the data they provided and shocked by the implications. I had not seen the data in any other source or commented about by anyone and the subject, while admittedly complex, and perhaps made more complex by design, is a huge wake-up call for anyone investing in Europe.

The ECB lists, as of the end of the 1st quarter of 2012, 16.304 trillion Euros ($ 21.032 trillion) in assets and 17.334 trillion Euros ($22.631 trillion) in liabilities. It is right there in black and white as I showed in the ECB provided data that I presented yesterday. However when you get to their consolidated balance sheet you find the numbers they bandy about in public to be a ledger of 3.240 trillion Euros ($4.00 trillion) and you catch your breath and pause. Utilizing normal American accounting practices this variance would be impossible and yet here it is; staring us all right in the face....
[link to www.zerohedge.com]
Face Palmer
Educating GLP, One tard at a time

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Germany
10/02/2012 09:05 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
money
"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.
Anonymous Coward
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Portugal
10/02/2012 09:08 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Well, you know, the Elite bunkers under the Pyrenees are kinda expensive to finish and to have it's stocks completed.

It has to come from somewhere.

hiding
Luisport (OP)

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Portugal
10/02/2012 09:09 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
extreme_se
Anonymous Coward
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Portugal
10/02/2012 09:11 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
If the ECB was my son, he wouldn't get anything else until he would find the lost wallet.

Responsibility, kid. No more allowances.
Anonymous Coward
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United States
10/02/2012 09:11 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Well, you know, the Elite bunkers under the Pyrenees are kinda expensive to finish and to have it's stocks completed.

It has to come from somewhere.

hiding
 Quoting: Anonymous Coward 24749556


:skatesgif:

i think it's under the vatican

:thumbsup:
Anonymous Coward
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10/02/2012 09:12 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
just another ponzi scheme
Anonymous Coward
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10/02/2012 09:15 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Ah Oh

ReVbo™
Pook Snabber

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United States
10/02/2012 09:16 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
I think the writer puts it perfectly. I don't even know how to respond to such an insane situation, so I'm just gonna let him say it for me. Pinned this for ya, Luis.


"To be quite forthright, and in my opinion, this seems to me not just the rigging of the game or the gaming of the system but something far past that; something out beyond the realm of the credible and of real world experiences."
Rev. 21:4 He will wipe every tear from their eyes. There will be no more death or mourning or crying or pain, for the old order of things has passed away.
juiceman

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10/02/2012 09:17 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
1 minzerohedge‏@zerohedge

The ECB - EUR22 Trillion Is Missing [link to www.zerohedge.com]
 Quoting: Luisport


So what, we have $16 Trillion "Missing" and $80 Trillion "Unfunded" here in America, and $740 Trillion in "Faltering" Derivitives

And these are just whats "On the Books"

We have most likely $2.3 Quadrillion in "Off Books" debt as well!


Last Edited by juiceman on 10/02/2012 09:18 AM
juiceman
Luisport (OP)

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10/02/2012 09:18 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
I think the writer puts it perfectly. I don't even know how to respond to such an insane situation, so I'm just gonna let him say it for me. Pinned this for ya, Luis.


"To be quite forthright, and in my opinion, this seems to me not just the rigging of the game or the gaming of the system but something far past that; something out beyond the realm of the credible and of real world experiences."
 Quoting: ReVbo™


Hello my friend, i still don't belive it...
Anonymous Coward
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Canada
10/02/2012 09:20 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
It's not missing they know exactly where it is.. you don't just lose a football field of 3-foot stacks.

You'd need a dump truck.. & a week to haul it all away.
Anonymous Coward
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United Kingdom
10/02/2012 09:22 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
'missing'

rofl

1rof1

ahhh, thanks for that!
insertfunnyusername

User ID: 24411214
Greece
10/02/2012 09:23 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
beat_shot

Hello Luis!hf
Anonymous Coward
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Portugal
10/02/2012 09:24 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
It's not missing they know exactly where it is.. you don't just lose a football field of 3-foot stacks.

You'd need a dump truck.. & a week to haul it all away.
 Quoting: Anonymous Coward 10463447


Numbers on a computer don't need to be hauled by trucks.
N3m3s1s

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10/02/2012 09:24 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
I smell the Fed in all of this.......
Lime Flavoured Redux

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10/02/2012 09:25 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Ah Oh


 Quoting: Anonymous Coward 952624


I'm not really much of a 9/11 truther, but that came to mind damned
Luisport (OP)

User ID: 24809730
Portugal
10/02/2012 09:27 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
beat_shot

Hello Luis!hf
 Quoting: insertfunnyusername


Hello my friend, now we know why they want to make south eu slaves!
Limpan

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Sweden
10/02/2012 09:28 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
1 minzerohedge‏@zerohedge

The ECB - EUR22 Trillion Is Missing [link to www.zerohedge.com]
 Quoting: Luisport


ahhh

The shit is on!! War and economic doom at the same time..
Anonymous Coward
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Belgium
10/02/2012 09:28 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
My goodness... That means a false flag operation .............. tomorrow!
Anonymous Coward
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United States
10/02/2012 09:29 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Banks dont lose money by accident
robbiew

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Ireland
10/02/2012 09:30 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Good find Luisport..

Pin + 5 Stars from me.
insertfunnyusername

User ID: 24411214
Greece
10/02/2012 09:31 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
beat_shot

Hello Luis!hf
 Quoting: insertfunnyusername


Hello my friend, now we know why they want to make south eu slaves!
 Quoting: Luisport


chuckle And what great slaves we are so far!
I'm actually surprised we didn't learn this sooner with the crisis for 3-4 years now. Thats a lot of trillions.

Last Edited by insertfunnyusername on 10/02/2012 09:32 AM
Siward

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United Kingdom
10/02/2012 09:33 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Yesterday I published the assets/liabilities of the European Central Bank as provided by them. I provided some analysis that I thought was relevant as I also asked all of you to look at the numbers yourself. To be quite open; I was stunned by the data they provided and shocked by the implications. I had not seen the data in any other source or commented about by anyone and the subject, while admittedly complex, and perhaps made more complex by design, is a huge wake-up call for anyone investing in Europe.

The ECB lists, as of the end of the 1st quarter of 2012, 16.304 trillion Euros ($ 21.032 trillion) in assets and 17.334 trillion Euros ($22.631 trillion) in liabilities. It is right there in black and white as I showed in the ECB provided data that I presented yesterday. However when you get to their consolidated balance sheet you find the numbers they bandy about in public to be a ledger of 3.240 trillion Euros ($4.00 trillion) and you catch your breath and pause. Utilizing normal American accounting practices this variance would be impossible and yet here it is; staring us all right in the face....
[link to www.zerohedge.com]
 Quoting: Luisport


It's not actually missing as far as I'm aware, the ECB is a collection of liabilities which countries are responsible for.
So, rather than 22EUR trillion missing, it's 22tr eur that those solvent countries will need to cover.

There was something similar to this in the Telegraph this morning, and how Merkel has asked Spain to wait before asking for help so that she can get the Bundestag to review all bailouts at the same time rather than one at a time and risk the Germans saying "sod this".

the end result is still the same, at some point the germans, finns and dutch (people not politicians) are going to say f*ck this and collapse it.

Last Edited by Siward on 10/02/2012 09:34 AM
Siward
Luisport (OP)

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Portugal
10/02/2012 09:34 AM

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Re: The ECB - EUR22 Trillion Is Missing!!!
Good find Luisport..

Pin + 5 Stars from me.
 Quoting: robbiew


hf
warriorsbond

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10/02/2012 09:36 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
I think the writer puts it perfectly. I don't even know how to respond to such an insane situation, so I'm just gonna let him say it for me. Pinned this for ya, Luis.


"To be quite forthright, and in my opinion, this seems to me not just the rigging of the game or the gaming of the system but something far past that; something out beyond the realm of the credible and of real world experiences."
 Quoting: ReVbo™


hf
Anonymous Coward
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10/02/2012 09:36 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
and what will happen? nothing as usual..

Sorry to sound the negative ninny, but it gets to the point when you've been scammed, pick pocketed and taken for a ride some many times it has become so normal that I think NOT being scammed, pick pocketed or taken for ride would come as a bigger shock.

And while Cromwell is amongst my least favorite leaders I can't help but feel for his speech to Parliament when he called those governing the country (paraphrase) lying cheating scumbags and to get out of Parliament before he got really really cross.
Anonymous Coward
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Thailand
10/02/2012 09:36 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!


Lord James of Blackheath $15,OOO,OOO,OOO,OOO FRAUD EXPOSED February 16 2012

"Vast amount of money festering away in the European banking system which is not real money..."

"I think there are three possible conclusions that may come from it. I think there may have been a massive piece of money laundering committed by a major government which ought to know better and that it has effectively undermined the integrity of the British bank the Royal Bank of Scotland, in doing so. The second alternative is that a major American department has an agency that has gone rogue on it because it has been wound up and has created a structure out of which they are seeking to get at least 50 billion Euros as a payoff. And the third possibility is that this is an extraordinarily elaborate fraud which has not been carried out but which has been prepared in order to provide a threat to one government or more if they don't pay them off. So there are three possibilities and this all needs a very urgent review."

popcorndrevil "One trillion dollars!!!"
Anonymous Coward
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United States
10/02/2012 09:40 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Banks dont lose money by accident
 Quoting: Anonymous Coward 1284355


As long as the glowing blue box in the living room is happy then the sheep will never suspect.
Anonymous Coward
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Spain
10/02/2012 09:40 AM
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Re: The ECB - EUR22 Trillion Is Missing!!!
Serious talks in mainstream media of Spain asking for the rescue this sunday, the day Barcelona-Madrid clash for El Clasico. Coincidence or opium for the people?

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