This page has been archived and commenting is disabled.
The One Chart Von Bernankestein Will Never Admit To Seeing
Charting Austrian Money Supply, the Fed's outright security holdings, and commodity prices. Any questions?
(no snow was abused as a strawman excuse for the Fed's mandate of "price stability" in the making of this chart)
Courtesy of Sean Corrigan
»
- 38276 reads
- Printer-friendly version
- Send to friend
- advertisements -
only the good die young
Catherine Austin Fitts is a gem! Perceptive, fearless, and lucid. Tyler should invite her to offer her summary assessments here on ZH.
CAF just made my heroes list
Thanks for posting this blindman. This is an indictment on us and them. Awesome.
C A Fitts is now added to my favorites, Thank you for the link!!!
here more inspiring and surprising links
. worlds of wonder .
David Icke - Mind Revolution, Humanities Prison
http://www.youtube.com/watch?v=dqlg8K2MQeM
.
The Recursive Game is the Policy
http://verbewarp.blogspot.com/2011/02/recursive-game-is-policy.html#comments
.
as pjb say, our "mileage may vary" but we can all get some mileage.
Cavair, it's being re-deployed right here, in India and the like. If you call a firehose of liquidity pointed at all the WRONG things. I look around at the apartment, tenement sprawl coming up all around me and all I see is fading dollar signs in the concrete and glass slab ugliness, powered by dirty generators (no power, not reliable anyways).
I'm sure it feels the smae in China or elsewhere. Places seen as future carcasses to feed on.
ORI
http://aadivaahan.wordpress.com/2010/07/13/whither-india/
Is it time for the spring thaw? What happens then? Silver $50.00/oz?
we've had the Spring thaw from the March 2009 low...in fact we've had Spring and Summer (a bear market rally/bounce) it's now time for a short sharp Autumn and a big chilly Winter...
...then finally all the "Fed is all-powerful" true believers here at ZH will see the Feds powers are a total myth and is fuking useless like every other Dept of Govt.... bring it on because I'm bored stiff telling everybody!!!
nice, ZH, esp the part about the FED BEing part of the goobermint.
What is it with people throwing around prices like "$50?", "$90?" "$100?" "$500?"
What difference does it make? If you aren't buying it now, even just a year from now, you'll regret it. You can trade this stuff but when you realize what this chart is showing, not exchanging your fiat currency for some form of hard asset is pretty much committing future suicide.
Silver's in backwardation. Inflation adjusted it would be roughly $138/oz today compared to it's 1980's high of $48 and some change. If you want to measure it against money supply for instance, some argue $500 is a fair spot. That is, take all of the dollars and divide it by the price of silver per ounce currently. If you want to argue supply/demand dynamic + money supply + globalization then the odds of it hitting a 12:1, if not more (aka snapping the historic 12:1 ratio in half) are just as high. You can measure it however you want, but there's really just a few things to remember.
http://www.silverinstitute.org/supply_demand.php
</tangent>
People got 99 problems and price of silver ain't one.
http://www.youtube.com/watch?v=LloIp0HMJjc&feature=related
canned tuna in water... a meal and a drink
i like mercury dimes, but that fukin tuna ain't goin in slewie's piehole unless it haza fur coat or is neatly trimmed for Best in Show BiCH, BiCHeZ.
Pursue Agriculture, off the grid, with a like minded tribe. Emphasis on pure water and organic. Far, far away from the madding crowd.
Amen to that.
Michael Pollaro's blog is also excellent for tracking True (Austrian) Money Supply-- He also tracks TMS in Japan & Europe:
http://blogs.forbes.com/michaelpollaro/austrian-money-supply/
and his latest article: "America, poised for a hyperinflationary event?'
http://blogs.forbes.com/michaelpollaro/2011/02/08/america-poised-for-a-h...
If it isn't Austrian Economics it's propaganda.
http://online.wsj.com/article/SB1000142405274870384300457614065225142147...
i like reading mine before it gets delivered
Hey stop blaming Gentle Ben he does not own the Fed, the Fed is not a reserve its a private bank.... A really big private bank. The product of this bank is debt, it follows that if inflation takes a big chunk out of your disposable income you will have to get bigger loans to cover your needs. Gentle Ben has a boss and its not the US government, That boss is very happy with Ben
Which is WHY the Standard and Zimbabwe's 500 is going to 5,000...
U.S. stocks are going to the moon...When Case-Shiller Index hits new highs for U.S. housing, the market will be at all-time highs.
There is NOTHING that will stop it.
Never underestimate the replacement power of equities within a hyperinflationary spiral.
Many thanks to Benjamin Shalom Barnanke and the Fed for the magnificent job they have done to my precious metals holdings as well as my e/s trading!
BUY BUY BUY.
Countdown until MCTP babbles something about drought.....10...9...8..
Charting Austrian Money Supply, the Fed's outright security holdings, and commodity prices. Any questions?
***********
Only that money supply has to be weighed with credit supply-
The credit market is 20 times the size of the cash market-
So it absoulutly must be counted when gauging money supply-
http://research.stlouisfed.org/fred2/series/TCMDO
It has reversed but it is still negative-
http://bit.ly/eRkeG5
I wouldn't discount this ominous 70 year trend line break-
http://research.stlouisfed.org/fred2/series/TOTALSL
If you want to weigh inflation or deflation-you must use both money supplys
http://research.stlouisfed.org/fred2/series/MMMFTCMAHDFS
http://research.stlouisfed.org/fred2/series/TCMAH
Another thing that's important is the fact that businesses are maxing out credit lines in case of another freeze-
It registers as cash on the balance sheet-but it is still debt by any other name-of course it is invested in treasuries to offset the interest rates-but that cash/credit has no velocity-
Cheering the Asset and Ignoring the Liability. ....
http://www.hussmanfunds.com/wmc/wmc100809.htm
So the uptick in borrowing is inflationary-but only if it is being deployed into the broad economy and unemployment rates and velocity tell us it isn't-
I wanna see more from you..
sourced and sited.. if you could throw in a little sex a fun for the lesser minded, that would be grand.
anything to get them reading and thinking on thier own will do!
Thank You! for the Post.
Don't hold your breath. I have co-workers who were so shocked that I was reading a fat book, they mentioned it out loud. "Are you going to read that whole thing?"
They acted like I was going to do something painful.
Crazy.
http://www.youtube.com/watch?v=lCVGMIuqSlM&playnext=1&list=PL099D8072D4C62BEE
How To Combat FLIR!
http://www.youtube.com/watch?v=nx0ggSL8CkU&feature=related
Anti-Nightvision camouflage
http://www.youtube.com/watch?v=LoFq9jYB2wo
here's why you will need a LOT! of Starch!
Look up, Quaderratic's got you covered:
"Hey stop blaming Gentle Ben he does not own the Fed, the Fed is not a reserve its a private bank.... A really big private bank. The product of this bank is debt, it follows that if inflation takes a big chunk out of your disposable income you will have to get bigger loans to cover your needs. Gentle Ben has a boss and its not the US government, That boss is very happy with Ben"
Emphasis mine.
'Mark to Skypie' remains, want to lay odds on that changing anytime soon?
Regards
The product of this bank is debt, it follows that if inflation takes a big chunk out of your disposable income you will have to get bigger loans to cover your needs.
*******************
Unemployment at record highs-43 million and counting on SNAP-
RE in decline-debt as far as the eye can see and somehow those who can't borrow will be able to and those who can borrow will?
*******************
if you could throw in a little sex a fun for the lesser minded, that would be grand.
http://www.youtube.com/watch?v=bFjrmATIUYU&playnext=1&list=PL44D4E5D6F5C...
Excellent post, enjoyed the link to hussmanfunds... good reading.
Thanks
End the Fed, Bitchez!
with apologies to the insane clown posse and their contingent of juggalos...
http://img511.imageshack.us/img511/6263/insaneclownbernanke.jpg
Ouch, another whistleblower walks into the mousetrap.
Mouse traps, Bitchez!
http://blog.teribuhl.com/2011/02/11/fdic-silenced-whistleblower-in-indym...
Never works, bitchez!!
http://mashable.com/2010/05/04/ok-go-parody/
http://www.youtube.com/watch?v=Ji87ocoZYmg
January core CPI may be interesting. It comes out on Thursday. Time to Short stocks, finally.
If you own gold,silver and are stocked with food,
you are ready for revolution.I can sit at any square
for months,maybe years.When you die during revolution,
the wealth and food is close to the family,wife and children.
While you riot in the streets,your gold is going up in price,and
your making money.Creative destruction,with tnx to US gouverment
for the concept.
Dear all,
Worth a read - seems the CCP are gettign a little fed up with Uncle Ben's shenanigans
http://timesofindia.indiatimes.com/world/china/China-ready-to-go-to-war-...
Enjoy
yes looks like China has some pathalogically deranged retards just as Europe and America has... sooner we dump Govt the quicker these insane warmongers get starved of oxygen and lose their favourite tyrannical tool, the State
That site is a menace.
I believe early August is when the Fed announced at its FOMC that another round of QE was coming.
hating goldman sachs, the chinese way.....everybody hates lloyd
http://nakedempire.wordpress.com/
Congress spends and wastes it. Bernanke has to print it up. I'd like a friend like the Bernank.
There is absolutely no real desire in the White house or most of congress to reduce budget deficits. There is lots of talk, posturing and more talk, but with 80% of the budget non-discretionary spending on such things like entitlements and military which for all practical purposes is really just MOB control, the debt bomb ticks closer every day to blowing up.
How will this all end? It depends on IF the US ever gets leadership, and that is not possible for at least two more years. Therefore odds are any possible responsible explicit default on debt will not happen.
Explicit default would be any combination of massive entitlement, pension, health care and military reform where all non-discretionary spending is slashed a great deal. This will not sit easy with public so other explicit default will also be applied such as debt restructure on treasuries where certain holders of debt get paid less than others, this also includes the restructuring of pensions and other government promises where everyone has to take a hard hit.
Explicit default is not likely to be done until implicit default is accelerating rapidly. Implicit default is monetization of debt by such things as QE and rapid inflation in costs. Right now it appears implicit default is the plan, because it does not take political miracles. Inflation is much higher than reported which is methodology of implicit default. CPI numbers are hedonically calculated where substitution of something cheaper is used instead of what used to be used. For example if the price of Steak is rising, the US government will substitute the price of hamburger into the food calculation instead, and if hamburger gets too expensive they may substitute something cheaper say Dog Food. But they can not substitute cheaper oil unless they can find someplace where oil happens for some reason to be priced less than what the rest of the world pays, say WTI instead of Brent.
Therefore implicit default is the likely methodology which will result in significantly higher costs in commodities and most consumables. The dollar will also decline on a world basis and everyone would be smart to ignore the artificial dollar pricing based mostly on the Euro, Yen and Pound. US bonds are a disaster, and we are likely to see stocks outperform bonds with lower risk for some time, for example EXXON stocks will outperform and be lower risk than EXXON Bonds. QE will not end, because then the debt bomb would go off all at once.
So hang on for a ride of your life, because your life depends on it.
Wealth= a good fishing boat, a quite lake, eagles flying above (waiting for a dead fish floating), and a smallmouth bass on the line, fighting for his life. That's wealth.
i don't fish much, anymore, now that the kidzr grown, but i sure love eagles. usta have a golden that flew around over my house, up north. last summer i saw a baldy; i'd seen one many years before when i was communing w/ some amazing goat in Glacier Nat'l. this one was amazing. i was in a high place overlooking a beautiful valley and it came pumping from below, right at me. i can still feel the rush. got to my level about 100 yards out and we just kinda recognized each other, almost. then it hung a left and followed the ridgeline north, where i lost it, right as it passed a big snag. oh! the blessings of our universe.
about six weeks later, i'm driving my friend pooh bear north to do some serious gambling. there it was, again, heading south, along the freeway (!) abt 2-300 ft up. i said: did you see that? pooh: yeh... i got $20 ahead and quit; he lost his shorts and the ass in them, too. i sed: what the FUK are you thinking? and i knew what he wuz gonna sey, b/c we've bin takin these rides for well over a decade, together: well, i don't a chance to come here as often as you, slewie.
I still don't understand a call for gold standard. I mean i get it if you have a stash buried next to your septic tank, though i only own a gold pocket watch, which i cannot eat and forget to wind... but without rule of law I see no reason to believe any currency can escape the same corruption/ponzi scheming we face now?
You can buy a corrupt system with any currency... you can only clean it up if you walk like an Egyptian.
Would that be walking like an Egyptian woman?
justin casey you have yer head wedged sumwhere near yer septic tank, matey, check out this roto-rooter:where in the constitution does it say Only Gold and Silver shall be Legal tender | Ron Paul 2012 | Sound Money, Peace and Liberty
I respect the views of Karl, but when it comes to gold. Pfffff
Have a good laugh
The Adventures of Photoguy - Episode 18
Less Critical Thinking is conspicuously absent from this thread. Color me shocked.
I'd love to hear his spin on the striking correlation between AMS and commodities.
I'll step up to the plate. Fictional scenario.
Are You Prepared For The Wealth Transfer?
Regarding AMS, WTO tossers are working on it.
http://www.wto.org/english/news_e/news11_e/news11_e.htm
That chart is a picture of the engine that drives tyranny.
I'm going to name my car tyranny, and have it stolen and stripped after I take a huge insurance policy out on it; or maybe just dump it in the quarries.
Damn, I hope somebody bought that fucking dip.
I don't get Zero hedges aversion to base money printing , the dollar and euro is effectively worthless already after a period of epic private credit creation relative to a tiny base - at least Ben B is recognizing reality.
Learn to live with the concept that the paper has little wealth storing ability until this base increases dramatically and just use it as a medium of exchange.
In Ireland the medium of exchange function is dying as people hoard the remaining cash as they perceive it as a store of value creating a collapse in commerce and society due to the ECBs failure to accept responsibility for its actions in this disaster.
dorkus non interupTus: where in the constitution does it say Only Gold and Silver shall be Legal tender | Ron Paul 2012 | Sound Money, Peace and Liberty
as far as the blarney goes, the corrigan guy that snoopy tagged this shit w/ today might put it this www.aY: if people try to "cash out", this will be fukin nightnight mare for da boys. i believe it is captcha'd: A RUN ON THE BANKZ, theo-rhet-i-cal-ye, we might cey. in case these meta-turdio-toes ever get the runz, where the FUK are you gonna get green stamps, corkscrew?
erghost: having the green in one poke and PM's in the other B FORE!!! the "rush" might be nice, prudence, even matronly virtuous, eh?
t.y., mr. bones!
Your posts are torture...
I think he writes in code, Hulk...hidden meaning in spellings/multiple layers of nuanced realism. Kinda like playing that Beatles record backwards. Obviously, waaaay over our heads.....
Idiot savant? I hear they are quite interesting personalities. I'll bet he is a very good driver as well.
Ben B denies his easy money policies for the banks have anything to do with the rise in commodiites. He is a liar or a fool
Correlation is not causation
http://xkcd.com/552/
and, as someone whohahz run my coffee grinder a-ground on "hidden" shoals so often due2 www.chartzbyefartz.com, i might add that the map is NOT the territory, too, ok?
Yes, money supply has been growing. Notice also the stock market has been moving in the same direction, although not entirely clear that is the cause. There is defintely more volatility to come, especially if the Fed starts withdrawing liquidity laterf this year, and a good market timing system can help.
time123
admin: http://invetrics.com
Yes, money supply has been growing. Notice also the stock market has been moving in the same direction, although not entirely clear that is the cause.
********************
Yes i think it is the cause-
The Fed prints and banks borrow at zero and are speculating in the futures market and driving prices-
So we have hot money-courtesy of the taxpayers specualting in commodities with no fear of risk-because they know they'll get their asses bailed out if it fails and it will-
This can't continue-everything out there eventually has to find the market clearing level and when it does-don't be long commodities-
Two things are not being factored into these runaway blowoffs in commodities-
Us peasants and affordability-at some point it will matter-
I see a sea of green - but no inflation here Ben - just green
http://www.barchart.com/commodityfutures/leaders?type=pl&cat=130d&view=c...
People try to price us down.
Talking about my core inflation.
Just because we get around.
Talking about my core inflation.
Things they look awfully cold.
Talking about my core inflation.
Hope I die before I get old.
No shit Sherlockenstein, the inflation isn't hitting these shores <yet>, it's everywhere else that's foolishly tied themselves to the dollar. It's all part of the plan, if they won't decouple, they will eventually capitulate as inflation becomes unbearable.
when I lived in Germany they used to say (roughly) ... Austria is nice except it's filled with fucking Austrians. (actually I think Bill Bryson might have written it first). In any case, Austrians, are by and large, assholes.