Ticker Forum: "There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading"

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 by extending those

swap lines all over the planet during the last six months. These will become

uncollectable and they are massive, many hundreds of billions of dollars.