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To: Ernest_at_the_Beach; All; Alamo-Girl; airborne; American in Israel; AnimalLover; auggy; backhoe; ...

END TIMES PING LIST PING.

Please ping whatever ping list applies:

Can anyone with the skills and experience comment on the potential meanings of all this?

http://www.abovetopsecret.com/forum/thread437754/pg1

source:

http://market-ticker.org/archives/801-RED-ALERT-FX-Dislocation-In-Process.html

8:17 CT

I do not know what is going on here, and I don’t think I want to.

Someone, apparently someone in Asia, wants dollars. A LOT of dollars. There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading.

It originated at approximately 7:15 CT this evening and originated out of Asia somewhere. All of the primary currency crosses got hit at once - Euro, Pound, Yen - all weakened dramatically against the dollar and it is still going on. The Asian stock markets got walloped at the same time in coordinated waves of forced selling.

At the same time the US futures markets got nailed as well, down some six handles on the /ES in a near-vertical drop. While this sounds “not that big” to move these markets in a coordinated fashion like this is a trillion-dollar enterprise - this is not some small company that went bankrupt, or even a large company.

There is no news coverage at the present time identifying the source of this but it is not small and contrary to some reports it is not “automatic selling”; this is forced liquidation.

Folks, if this translates into Eastern Europe where there are severe instabilities already brewing literally everything in the financial world could come apart “all at once.”

The worse news is that if this happens Bernanke will have killed us (in the US) by extending those swap lines all over the planet during the last six months. These will become utterly uncollectable and they are massive, in the many hundreds of billions of dollars.

To those who are reading this, I hope if you’re in the markets you are prepared for extreme levels of violence. You must expect that the authorities will try to arrest the destruction if they are able, but you must also be prepared for the possibility that we have reached a “critical mass” point beyond which “duck and cover” is the only winning strategy.

Unfortunately.

That comes from Karl Denninger.

Will this reverse before our markets open in the morning, or are we going to see something really ugly??

I don’t know, only time will tell


34 posted on 02/16/2009 7:45:16 PM PST by Quix (POL BOSSES say fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: Quix

A thread of it’s own just got posted here:

http://www.freerepublic.com/focus/f-news/2187216/posts


35 posted on 02/16/2009 7:50:55 PM PST by Quix (POL BOSSES say fm1900 2 presnt: http://www.freerepublic.com/focus/religion/2130557/posts?page=81#81)
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To: Quix

Can anyone with the skills and experience comment on the potential meanings of all this?

If Karl dont know nobody knows, I have been reading his site for while now and been expecting something big.


40 posted on 02/16/2009 7:58:58 PM PST by DAVEY CROCKETT ("Iran is not helpful to the peace process", Obama)
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To: Quix

The European problems with the Eastern-bloc albatross are not going away. If not tomorrow, soon enough.


41 posted on 02/16/2009 8:01:00 PM PST by Petronski (For the next few years, Gethsemane will not be marginal. We will know that garden. -- Cdl. Stafford)
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To: Quix

Thanks for the ping!


49 posted on 02/16/2009 8:26:42 PM PST by Alamo-Girl
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To: Quix

When was that message posted?

Interesting find: We know (now) that China was trying to pull money out - which caused/contributed/continued the Lehman Bros crash over the 9-11-2008 through 9-18 period.


69 posted on 02/16/2009 9:12:59 PM PST by Robert A. Cook, PE (I can only donate monthly, but socialists' ABBCNNBCBS continue to lie every day!)
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To: Quix

Please Quix, stop pinging me.


87 posted on 02/17/2009 4:42:49 AM PST by chapin2500
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