The status quo are going to make their last stand today. The battle will be bloody. The existing social order will be swept away. Will it be today? I don’t know. But it will happen and it will be soon. They have lost control. The debt is strangling the world. There is no way out. It’s us versus them.
Futures Surge Overnight Following Accelerating Central Planning Takeover Of Global Capital Markets
Submitted by Tyler Durden on 08/09/2011 06:36 -0400
Anyone just waking up and noticing futures trading just barely below the closing print may get the impression that things are fine. They are not. Here is what has happened overnight as the global central planning cartel does everything in its power to prevent the global market rout, which has so far wiped out $7.8 trillion in market value around the world, from morphing into the catalyst that end the status quo. To wit: ECB resumes buying Italian and Spanish bonds (UniCredit says the bank is losing a “game of chicken” with lawmakers by not holding out for budget cuts and higher taxes, and may eventually need to print money), the G-20 is prepared to take joint measures to stem a global crisis, Brazilian Finance Minister Guido Mantega said. Greece’s securities regulator banned all short-selling on the Athens exchange for two months starting today. Taiwan’s government bought stocks yesterday and this morning through four funds it controls. South Korea’s regulator asked pension funds, brokerages and asset-management companies to step up efforts to stabilize the market. South Korea also bans short selling for three months starting August 10. And lastly, rumors of an emergency Fed announcement are ripe. So… after all this global cartel intervention, is it any wonder that futures staged a near vertical move up overnight?