• BullionStar
    05/30/2016 - 21:24
    The US Gold Market is best known as the home of gold futures trading on the COMEX in New York. The COMEX has a literal monopoly on gold futures trading volumes worldwide, but very little physical...

Guest Post: Why the World Is Financially Doomed in Four Charts

Tyler Durden's picture

Your rating: None

- advertisements -

Comment viewing options

Select your preferred way to display the comments and click "Save settings" to activate your changes.
Thu, 01/06/2011 - 13:16 | 852973 Dr. Doom
Dr. Doom's picture

But the Dow will be at 36,000 so I will feel wealthy

Thu, 01/06/2011 - 13:24 | 853001 Wynn
Wynn's picture

hang on to that wealth, you'll need it to buy your 2 oz jars of gruel, if you can find any

Thu, 01/06/2011 - 13:32 | 853047 rustybenelli
rustybenelli's picture

I never have anything to dink when I read the comments section. Wynn your comment was so funny,im still laughing.

Thu, 01/06/2011 - 18:13 | 854089 FEDbuster
FEDbuster's picture

The "wealth effect" fades fast, kinda like the first guy to receive a 100 trillion dollar Zimbabwe bank note for a bag of rice.

Thu, 01/06/2011 - 18:44 | 854167 markmotive
markmotive's picture

We're well on our way...the political attitude is borrow 'till broke.

"...failure to raise the limit would precipitate a default by the United States..."

He said it...here's the full text:


Thu, 01/06/2011 - 19:07 | 854228 flacon
flacon's picture

Viva Ludwig von Mises!

Thu, 01/06/2011 - 19:55 | 854394 Voluntary Exchange
Voluntary Exchange's picture

A system based on theft,  fraud and "legalized" violence (your "government" ) will expand until  its growing level of crime can no longer be sustained. When people go along with being taxed they support murder, theft, fraud.  Should they be surprised that they become the eventual victims of  the predators they continue to feed?


It is not good people who are attracted to monopolies of "legal" force, it is the violent and evil.  Good people seek not the "legal" power to steal from others (taxation), thieves do.  Good people seek not the power to lie without consequences, the corrupt do (and they write "laws" to make it "legal"). So why do people think they can ever obtain something good from "government" when it is the place where a clever criminal can act without being caught?

Let's stop being "free range slaves" in the free range "farms" of the wicked!






Thu, 01/06/2011 - 13:25 | 853007 buzzsaw99
buzzsaw99's picture


Thu, 01/06/2011 - 13:26 | 853014 nope-1004
nope-1004's picture

Either borrow heavily to sustain status quo, or default on debt.


Who will be the lender under the first scenario?  To me scenario 1 is simply more Ponzinomics - ie. treasury / fed / PD charade.  It can't last.


Thu, 01/06/2011 - 13:38 | 853081 SheepDog-One
SheepDog-One's picture

Theyre only keeping it going to some predetermined point...these people arent STUPID after all, theyre fully aware theyre running a market pumping Ponzi. The default will come, when its planned, and that will be when the world war is kicking off full steam.

Thu, 01/06/2011 - 14:07 | 853213 Raynja
Raynja's picture

People don't want to admit/see that this has never ended any other way.

Thu, 01/06/2011 - 20:00 | 854414 Seer
Seer's picture

"The default will come, when its planned, and that will be when the world war is kicking off full steam."

There's a lot of truth in this if you understand how it's always been.  The rich/elites have always stirred the pot of divisiveness such that they could uncork it/pour it out when the time comes.  Set it up such that the <people of country X, "coloreds," socialists, poor> are demonized, and when the curtain starts parting a bit further (the men behind the curtain can no longer hide) the media will be unleashed to focus on the "others."  Quite sad, it's an age-old game, and even so-called more intelligent people that lurk here don't see it, meaning that it's likely really ingrained in a whole hell of a lot of people (Manchurian Candidates?).

Thu, 01/06/2011 - 17:46 | 854006 AnAnonymous
AnAnonymous's picture

 It can't last.


It cant last. But still it can last for the next 48 years. So you wont be bother by it.

As long as there are resources to buy, the US can buy them through  debts pyramid schemes.

First thing I checked out back in  2008. How long the US could practise US business style.

Thu, 01/06/2011 - 17:59 | 854045 DFCtomm
DFCtomm's picture

I think most intelligent people agree that it can't last. The 64 dollar question is when does it all come down. You indicate that in 2008 you did some type of research that led you to believe it could last for the next 46 years. Want to share so that we can judge the validity of your assertion?

Thu, 01/06/2011 - 18:16 | 854092 DaveyJones
DaveyJones's picture

yes, I fear they might be onto the scam. And in 48 years we'll be adding (given the momentum) a trillion dollars of debt every second. Just get a night job I guess

Thu, 01/06/2011 - 19:02 | 854211 tmosley
tmosley's picture

The longest lasting Fiat currency regime in the history of the planet was 50 years in Mongol China.  The US dollar has been fully fiat for 40.

I'm not sure we are going to break the record at the rate we are going.  Remember that the Yuan Dynasty had tribute coming to it from half of the world.  Come to think of it, not so different from today.

Thu, 01/06/2011 - 13:44 | 853094 InconvenientCou...
InconvenientCounterParty's picture

The Bernank issues statement on food inflation: " Human flesh is a significant source of protein. It stands to reason that eating your own flesh is an effective course of action provided the heartbeat is not affected. To maintain the proper and sustainable balance, nibble at non-essential areas such as the toes. The key to sustainable consumption, is to recognize when the heart beat is disrupted. At that time the prudent course of action is to moderate the consumption rate."



Thu, 01/06/2011 - 13:55 | 853165 eftian
eftian's picture


Thu, 01/06/2011 - 13:58 | 853184 Hal n back
Hal n back's picture

that ties into the death panels where we would have a good supply of that protein.

Thu, 01/06/2011 - 17:01 | 853851 malikai
malikai's picture

I'm afraid not. We will need them for pyrolysis conversion to oil, gas, and minerals. This is far more important than feeding the serfs. 

Thu, 01/06/2011 - 14:32 | 853332 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

stands to reason that eating your own flesh is an effective course of action

Ouroboros Bitchez!

Thu, 01/06/2011 - 14:50 | 853397 jmac2013
jmac2013's picture

Soylent Green Bitchez!

Thu, 01/06/2011 - 17:19 | 853920 Cindy_Dies_In_T...
Cindy_Dies_In_The_End's picture

I think Stephen King once wrote "they taste just like lady fingers".

Thu, 01/06/2011 - 14:15 | 853231 hambone
hambone's picture

I dare Charles Hugh Smith to name that financial doom in 3 charts...no 2 charts...ok Charles Hugh Smith, name that financial doom in 1 chart...

Tyler, tell Charles what he's won!!!

Thu, 01/06/2011 - 16:53 | 853813 Michael
Michael's picture

Just like in Zimbabwe.

Thu, 01/06/2011 - 16:56 | 853822 Michael
Michael's picture

Just like in Zimbabwe.

Thu, 01/06/2011 - 17:45 | 854002 Michael
Michael's picture

Just like in Zimbabwe.

Thu, 01/06/2011 - 17:49 | 854009 AnAnonymous
AnAnonymous's picture

Sure. A lot of non Zimbabweans suffered from starvation because of Zimbabwe monetary policy.

Just like the US.

Thu, 01/06/2011 - 23:21 | 854960 ThirdCoastSurfer
ThirdCoastSurfer's picture

 Little noticed Mexico is way ahead of you. It passed 36,000 a long time ago and should pass 40,000 soon. It's previous all time high was just under 33,000 in Oct 2007.

If you think things are good here, you should see the hoard of children begging in the streets down there. The 40% that are well off just can't imagine why the remaining 60% aren't in the market so as to improve their condition.  

Thu, 01/06/2011 - 13:18 | 852982 Village Idiot
Village Idiot's picture

What about the bat devil?

Thu, 01/06/2011 - 15:02 | 853447 cougar_w
cougar_w's picture

She not a devil, she's an angel. And since you ask, she's busy:


Bringing new meaning to the term "inflated assets".

Thu, 01/06/2011 - 13:20 | 852985 SDRII
SDRII's picture

favorable revisions

Thu, 01/06/2011 - 13:22 | 852994 LawsofPhysics
LawsofPhysics's picture

Dr. doom,


Could you be more specific regarding the date the DOW will be at 36,000?  It just shit my shorts (so to speak).

Thu, 01/06/2011 - 13:31 | 853036 Dr. Doom
Dr. Doom's picture

September 2014

Thu, 01/06/2011 - 14:00 | 853185 DonnieD
DonnieD's picture

I wonder if Naseem Taleb buys Dow 30,000 calls or Dow 5,000 puts for his armageddon scenario?

Thu, 01/06/2011 - 14:19 | 853273 Star Warrior
Star Warrior's picture

Both via a Straddle Play, their both Armegedon scenario's

Sat, 01/08/2011 - 11:10 | 858573 h3m1ngw4y
h3m1ngw4y's picture

on your thinking why dow 36000 (or 50k as in this video) is a very bad number. its more a real 85% loss to your real wealth:

do not juggle with numbers do the thinking behind the numbers to see what it means

its more a fatal attractor for me


Thu, 01/06/2011 - 13:33 | 853049 Yardfarmer
Yardfarmer's picture

posters should honor the attributions. in this case,martin armstrong's prediction of a DOW 36,000. after which parabolic blowoff. will implode and settle to 400. of course timing is everything and therein lies the rub.

Thu, 01/06/2011 - 13:21 | 852996 lynnybee
lynnybee's picture

when's this thing finally going to collapse ?   i'm the laughing stock of my friends & family .    i'm even stockpiling my daughter's home because she refuses to get sucked into this insanity !   I've got the silver, I've got the foodstuffs ........ & if I mention total economic collapse just one more time, they're going to have me committed !!

Thu, 01/06/2011 - 13:28 | 853013 Wynn
Wynn's picture

at least your prepared, some of us will only be eating birds and fish as they fall from the sky :-)

Thu, 01/06/2011 - 13:43 | 853097 Implicit simplicit
Thu, 01/06/2011 - 13:50 | 853132 sabra1
sabra1's picture

is there shake 'n bake for crow?

Thu, 01/06/2011 - 14:25 | 853300 centerline
centerline's picture

Be careful around here.  You are likely to get several recipes.

Thu, 01/06/2011 - 14:45 | 853384 KickIce
KickIce's picture

First pointer, since they're falling a couple thousand feet you will not require any meat tenderizer....

Thu, 01/06/2011 - 19:36 | 854334 lincolnsteffens
lincolnsteffens's picture


Love it ..."meat tenderizer" I got a belly laugh out of that!!

Thu, 01/06/2011 - 19:19 | 854278 MakeMineADouble
MakeMineADouble's picture

Here is three right off the top of my head:


Thu, 01/06/2011 - 14:18 | 853256 Pegasus Muse
Pegasus Muse's picture

I shall survive.  Oh, the savagery of it .... eating nut munchers .... poor little critters.



Thu, 01/06/2011 - 15:05 | 853458 getplaning
getplaning's picture

That's hilarious. Actually, the squirrels like it. I have a pecan tree in my yard in Texas, and my kid has a trampoline. One morning I looked out the window and three squirrels were jumping on it. Swear to God.

Thu, 01/06/2011 - 15:25 | 853517 Rodent Freikorps
Thu, 01/06/2011 - 18:51 | 854186 Michael
Michael's picture

Mana from heaven. Yum.

Do NOT follow this link or you will be banned from the site!