China, Japan Tell Europe: "No Blank Check For You"

Europe doesn't need any blank check. In fact, they don't need any check. Look at the charts - everybody's selling everything including gold. And everybody's BUYING THE EURO.

This currency would go up even in vacuum at absolute zero.

who has done a blank check one day ? ha ha ha !
and china is not the 2nd economy but the first , there is no other to compare with it , and Dollar was a safe haven but this period is now the old times and we have to do with it .

Well NOBODY gives blank cheques nowadays.

"inverse counter disinformation"

It will take me days just to study that phrase.

Unless it is a government and they give it to their banks. Or from one central bank to another.

I think it is a scarcity thing. There are more tax payers than banks so they need to protect the banks from the tax payers.

AW,

I understood each word perfectly, but nothing of what you just said made me connect anything.

Can you please rephrase what you just said, I am sure you have a concept that is clear as crystal, but this time, ...nothing made sense....left me with a ....duh?

Jolly --

Sometimes I am not too sure what I wrote.

Three points.

1. Blank checks exist. The US government wrote a blank check to the banks in 2008 and, if the news feeds are correct, the US Fed wrote the ECB a blank check just a few days ago to provide banks with liquidity. And again today, it looks like the EU is going to write a blank check to holders of Greek debt.

2. These blank checks are to banks. They are written by the government and are paid by the tax payer.

3. This is ass backwards. Somebody should protect the tax payer from the banks, but instead, the banks are protected from the tax payer.

AW,

If your'e not too sure what you wrote...don't worry , I know perfectly well what old age and alcohol will do to a human mind....by experience I can only say...don't worry...it will get worse.

AAhhh ok...... had to look on it for a while and then the Dime dropped.

What confused me in your statement, was that I had a picture of a check that was written with the amount left blank, but the promnise Fed Reserve did to ECB is the same as a blank check....now it all make sense...thanks...simple enough........sorry , I need more coffee

Yes I am with you, eventually it will always come back to the tax payers, may it be in Germany or the US or in EU as a whole, that is the ultimate paying machine to any government bank debt in any form.

Besides, a loan to Europe, I would think that the elected people would be the ones that should decide upon that, not an institution that is acting over the head of people, incurring costs , without their approval.

The Central banking system is, as it is conducted on this planet now, an animal that has run amok.....

One of the two biggest promises in the world...your cheque's in the mail and I won't cum in your mouth.

Nah, nobody gives blank cheques today just like there is no free lunch in this world. You want to get something; you have to give up something. Nothing will get you nothing and everything is got a price.

Sometimes, something might seem to be free at one point but it will always come back and bite you in the ass and you end up paying for it one way or another. Always.

blank cheques != cheques with no strings attached...

And unfortunately, nobody is giving me either a blank cheque or a free lunch.

Many dont understand the market. Laughable. They tend to believe that news inspire trend! They simply dont. Silver and Gold move in tandem. Silver and Gold were expected to fall to the current point from the highs.
See how traders see the simple trade: Example Silver
Note 2010 lows and highs of silver.That gives the range for 2010. After break of 2010 highs earlier in the year coupled with other fundamental reasons, silver was expected to achieve 2010 range on the upside ( in fact at psychological $50). There should be a huge pullback and the next strong support where long term traders will defend is 2010 highs. That is around 30$ level. Silver will move from here sideways to potentially new highs.
This above is how trades work. They dont work by false alarms and headlines. Those let traders lose money for nothing.
If Silver fails at this current level lower ( Which is unlikely) next support is the trendline from 2009/2010 lows ( around 27$).
Stay long silver here with stop a little below recent lows...you will send me a whisky from your profits.

Please ignore the talking heads. They are not traders. Traders are looking to buy discounts and short premiums.

Savvy traders know that Greece wont default. The stakes are too high for that. They are short Greece CDS for low risk trades. I am wondering when journalists dictate the pace for traders.