• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

As Adjusted Monetary Base Rises By Half A Trillion In 2011, Treasury Runs Out Of Debt Ceiling Delay Measures

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Thu, 03/24/2011 - 21:26 | 1097810 SheepDog-One
SheepDog-One's picture

The chart says it all, endgame upon us.

Thu, 03/24/2011 - 21:35 | 1097837 penisouraus erecti
penisouraus erecti's picture

Damn - you had to say endgame and make post Mustaine's song again.....


Thu, 03/24/2011 - 21:52 | 1097854 takinthehighway
takinthehighway's picture

Or this...time to break away... 


Thu, 03/24/2011 - 21:39 | 1097857 chump666
chump666's picture

Yeah an endgame trade is there...just trying to time it.  Could be very close...

Thu, 03/24/2011 - 22:11 | 1097987 RECISION
RECISION's picture

Nahh... just pull a couple more rabbits out of the hat... and it's all good.

Party on Dudes.

Thu, 03/24/2011 - 23:45 | 1098318 rocker
rocker's picture

Doesn't GDP come out at 8:30 tomorrow. Will the market find a new reason to rally on the news ???  He He He Haaaaa.

Thu, 03/24/2011 - 21:47 | 1097874 I think I need ...
I think I need to buy a gun's picture

all those extra dollars are going to go into gold....I think thats the Bernaks plan

Thu, 03/24/2011 - 22:31 | 1098057 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

Bernanke is smart, because he is a doctor.

Fri, 03/25/2011 - 01:08 | 1098506 Dave
Dave's picture

You changed your avatar. Is that a drop of blood?

Fri, 03/25/2011 - 02:37 | 1098605 John_Coltrane
John_Coltrane's picture

But not a "real" one like Dr. Paul or his son who will make sure the debt limit stays where it is via the almighty filabuster.

Fri, 03/25/2011 - 06:55 | 1098733 NoClueSneaker
NoClueSneaker's picture


... another coffee spill .... addy of EPA ?

Thu, 03/24/2011 - 22:40 | 1098086 Sam Clemons
Sam Clemons's picture

I've seen that if (when) gold hits $5000, most of the existing money supply will be "backed" by the gold in Fort Knox. Weird how that works out...

Everyone thinks the bankers all hate gold, but governments and central banks still have more than everyone else. 



Fri, 03/25/2011 - 01:15 | 1098511 TruthInSunshine
TruthInSunshine's picture

I've read 50k+ per ounce puts it at equilibrium.

Fri, 03/25/2011 - 05:02 | 1098680 DavidC
DavidC's picture

What gold in Fort Knox?


Thu, 03/24/2011 - 22:43 | 1098108 spankthebernank
spankthebernank's picture

That chart is breathtaking!!

Thu, 03/24/2011 - 23:16 | 1098227 dark pools of soros
dark pools of soros's picture

more like wealthtaking!!

Fri, 03/25/2011 - 00:55 | 1098485 Mark McGoldrick
Mark McGoldrick's picture

That's the most clever post of the day. 


Thu, 03/24/2011 - 22:53 | 1098120 TruthInSunshine
TruthInSunshine's picture


Equity markets are going to crash in short order.

That 'money' isn't real until it's realized, and there's no chart showing offsetting liabilities that are yet to be realized.

A good chunk of this money is already claimed by creditors, and will never make it to circulation.

There will be a MASSIVE amount of redemptions shown around this time, when you all look back, from equity pools.

Get on the right side of this trade.

It's all a fucking house of cards, just like in 1999 and 2007. No difference.

I know this won't be popular or that many are going to agree with me, but the crash will take almost all assets down with them.

The liquidity crisis that is unfolding now is the biggest in the history of mankind.

Thu, 03/24/2011 - 22:54 | 1098146 cocoablini
cocoablini's picture

Its all an accounting scheme- so if the FED owns a oile of equities, why would the stock market crash unless the ponzi banks dump shares to run for cash- which in this case would be worthless- as would treasuries

Thu, 03/24/2011 - 23:15 | 1098226 TruthInSunshine
TruthInSunshine's picture

The Fed doesn't own a lot of equities. They probably own none.

The Fed's conflation of the equity markets was done vis a vis a faustian pact with Primary Dealers and other institutions.

Thu, 03/24/2011 - 23:15 | 1098229 Double down
Double down's picture

I tend to agree but it is more of a feeling though.  I do not think this money will make it into circulation in a meaningfull way.  I think cash, physical cash, will command a premium over the electronic version in the near future.  The assault on the dollar's reserve currency status will come from the comedy of abundant electronic liquidity for some and the dearth for those who have to service debts.

Thu, 03/24/2011 - 23:29 | 1098273 ATG
ATG's picture


Thu, 03/24/2011 - 23:48 | 1098327 TruthInSunshine
TruthInSunshine's picture

Tyler keeps pasting the St. Louis Fed M2 chart, but no one will go further and speak about the fact that a massive chunk of those 'digital dollars' will never make it into circulation, as creditors have already liened or attached to them, or there are offsetting losses in terms of unrealized losses in other asset classes (e.g. real estate; e.g. derivatives) that will offset such shown 'money supply'.

Fri, 03/25/2011 - 01:20 | 1098521 Terminus C
Terminus C's picture

Sure, but what then do the creditors do with the money they have claimed?  It does not get destroyed.

Fri, 03/25/2011 - 01:49 | 1098559 TruthInSunshine
TruthInSunshine's picture

A lot of it gets destroyed, as it was marked to some sort of pledge, collateral or contract or security instrument, and unless the payor gets bailed out (which is not going to happen - no way), what will they collect?

Poof. Into the ether.

Thu, 03/24/2011 - 21:28 | 1097815 Racer
Racer's picture

Debt ceilings? fuck that...

Thu, 03/24/2011 - 21:40 | 1097855 Boilermaker
Boilermaker's picture

Yep, no shit.

Futures, up like a mother fucker.

Nobody has time for any of this reality shit.  They've a fraudulent market to keep propped up.

Thu, 03/24/2011 - 21:43 | 1097869 Bay of Pigs
Bay of Pigs's picture

You notice the beatdown and margin hike had a less than 24 hour impact on gold/silver prices? Right back where we started yesterday.

Sinclairs post today was dead on.


Thu, 03/24/2011 - 21:56 | 1097897 JLee2027
JLee2027's picture

All I want to know at this point is when is the fiat system of shitola coming apart so America can start rebuilding.

Thu, 03/24/2011 - 22:35 | 1098074 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I could make a solid case that it came apart in 1913.

Thu, 03/24/2011 - 23:18 | 1098238 dark pools of soros
dark pools of soros's picture

yeah they tear down all the other regulations but that damn debt ceiling gonna stop 'em!!

Thu, 03/24/2011 - 21:32 | 1097823 Lets_Eat_Ben
Lets_Eat_Ben's picture

shut it down! Shut it all down!

Fri, 03/25/2011 - 00:27 | 1098424 TBT or not TBT
TBT or not TBT's picture

But Benny could deliver us maximum warp, now.

Thu, 03/24/2011 - 21:36 | 1097834 reader2010
reader2010's picture

This whole fucking thing will end up in tears and blood, bitchez.

Thu, 03/24/2011 - 21:41 | 1097860 Boilermaker
Boilermaker's picture

For who?  Oh, those people...ah, fuck them.  They don't count.

Thu, 03/24/2011 - 21:54 | 1097891 Robot Traders Mom
Robot Traders Mom's picture

Kind of like the VCU/Purdue game last weekend...

Thu, 03/24/2011 - 21:55 | 1097902 Boilermaker
Boilermaker's picture

No, that was actually worse.  I had a 'level 7' event in my living room.

Thu, 03/24/2011 - 21:59 | 1097920 Robot Traders Mom
Robot Traders Mom's picture

Yeah sorry dude. Y'all got f'd when Robbie Hummel went down. The suspension didn't help. I'm driving down to San Antonio tomorrow for the VCU game. Richmond is going to knock of KU.

Thu, 03/24/2011 - 22:01 | 1097935 Boilermaker
Boilermaker's picture

Uhhhh...The spiders beat Purdue in the regular season also.

Fri, 03/25/2011 - 08:51 | 1098967 malikai
malikai's picture

Ah, sport. The opium of the masses.

Thu, 03/24/2011 - 21:35 | 1097836 string
Thu, 03/24/2011 - 21:38 | 1097843 Blano
Blano's picture

I can't keep up with ZH anymore.

Thu, 03/24/2011 - 21:38 | 1097849 Lets_Eat_Ben
Lets_Eat_Ben's picture

It's making you want to off yourself?

Thu, 03/24/2011 - 23:31 | 1098277 Blano
Blano's picture

Nah, just too much good reading to keep current on.  By the time I get through one, two more show up.

Thu, 03/24/2011 - 21:37 | 1097846 Withdrawn Sanction
Withdrawn Sanction's picture

Surely, even an MIT-educated moron can figure out (at least after $2.5 trillion of trying) that it's probably better NOT to PUSH on a string.

(No offense to non-moronic MIT grads)

Thu, 03/24/2011 - 22:18 | 1098003 disabledvet
disabledvet's picture

maybe it's that little e-trade baby that's "coup'ed Wall Street."

Thu, 03/24/2011 - 21:39 | 1097847 Shameful
Shameful's picture

Good thing we got a new war on.  That should provide sufficient excuse to pass a new debt ceiling.  After all don't want to leave the boys without cruise missiles and hi tech bombs to drop on people.

Thu, 03/24/2011 - 22:07 | 1097961 Lets_Eat_Ben
Lets_Eat_Ben's picture

The third war to end all wars

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