Premarket Summary: Inflationary Hysteria

Tyler Durden's picture

One word (well technically two) can describe what is going on in the electronic pre-market arena right now: inflationary hysteria. Gold is at a new record, wheat is surging, corn is at highest since 2008, crude at a new 30 month high, silver is at $41.10 - a new fresh post Hunt high, beans surging, etc, etc, etc. Essentially everything is bid, following news first reported on Zero Hedge that PIMCO is betting the farm that either inflation is about to go parabolic and force bondholders to dump everything, or that the Fed will have no choice but to pursue another round of QE, sending gold to $2,000 and unleashing the Weimar endgame.







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Global Hunter's picture

You say this is a fad but agree the endgame is coming?

Thomas's picture

One could argue there is no endgame but rather a continuous change, grasshopper.

NOTW777's picture

If you want the endgame - read Revelations - its been available for 1000s of years

mtomato2's picture

It's Revelation. Just one.

egdeh orez's picture

"either inflation is about to go parabolic and force bondholders to dump everything, or that the Fed will have no choice but to pursue another round of QE, sending gold to $2,000 and unleashing the Weimar endgame"

Hey Tyler,

I don't understand was parabolic inflation and andother round of QE has to be mutually exclusive?

Mr Lennon Hendrix's picture

Inflation is a rude metric.  So to answer your question, 'What's so civil about war, anyway?'

wisefool's picture

What is so shiny about gold?

Then there is this radical called Jesus.

Mr Lennon Hendrix's picture

Look at your young men fighting
Look at your women crying
Look at your young men dying
The way they've always done before

Look at the hate we're breeding
Look at the fear we're feeding
Look at the lives we're leading
The way we've always done before

My hands are tied
The billions shift from side to side
And the wars go on with brainwashed pride
For the love of God and our human rights
And all these things are swept aside
By bloody hands time can't deny
And are washed away by your genocide
And history hides the lies of our civil wars

D'you wear a black armband
When they shot the man
Who said "Peace could last forever"
And in my first memories
They shot Kennedy
I went numb when I learned to see
So I never fell for Vietnam
We got the wall of D.C. to remind us all
That you can't trust freedom
When it's not in your hands
When everybody's fightin'
For their promised land

I don't need your civil war
It feeds the rich while it buries the poor
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
I don't need your civil war

Look at the shoes your filling
Look at the blood we're spilling
Look at the world we're killing
The way we've always done before
Look in the doubt we've wallowed
Look at the leaders we've followed
Look at the lies we've swallowed
And I don't want to hear no more

My hands are tied
For all I've seen has changed my mind
But still the wars go on as the years go by
With no love of God or human rights
'Cause all these dreams are swept aside
By bloody hands of the hypnotized
Who carry the cross of homicide
And history bears the scars of our civil wars

"We practice selective annihilation of mayors
And government officials
For example to create a vacuum
Then we fill that vacuum
As popular war advances
Peace is closer" **

I don't need your civil war
It feeds the rich while it buries the poor
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
And I don't need your civil war
I don't need your civil war
I don't need your civil war
Your power hungry sellin' soldiers
In a human grocery store
Ain't that fresh
I don't need your civil war
I don't need one more war

I don't need one more war
Whaz so civil 'bout war anyway

wisefool's picture

Fanastic poetry. But aslong as 74 year old men need viagra, and as long as people need to affirm that skooky's boyfriend is the real Deal all LAS majors can justify the 101 stuff.

With 100 billion spent to save 38 Billion.

That's just how the old/breeders roll.


Haywood Jablowme's picture




2 SEPARATE 7.1 QUAKES IN JAPAN.  4/11/11.  Another tsunami warning apparently (un-confirmed).  10 AND 13 KM IN DEPTH.

2012 baby.  2012...



...and to top it off, they decide again to:

"Japan Broadens Nuclear Evacuation Zone" --> via WSJ

Pondmaster's picture

"And you tell me over and over and over again my friend . You don't believe we're on the eve of destruction "

Barry McGuire - Eve of Destruction
slewie the pi-rat's picture



ok, L_Hendrix, we understand!  "Inflation is a rude metric.  So to answer your question, 'What's so civil about war, anyway?'"

you're already getting ready for the gunsnroses cutnpaste, here, right?

pardon us if we only golf-clap for you, ok?

i-dog's picture

Perchance you may have missed the </sarc> or </irony> or </oxymoron> tag/s on his post? (or maybe I read it wrong ... just sayin' ... as they say).

slewie the pi-rat's picture



don't think so asshole!  why don't you just cutnpaste L Hendrix's sark/irony/oxy tags for us, douchebag_dogfuk? 

the guy went w/ a short gnroses quote, then pasted the whole song.  if you're trying to say the song, itself is sarcastic/ironic/oxymoronic, why doncha just fuking say so, asswipe?  b/c he didn't go there?  and the song isn't really put here in that vein?  or can you even understand me, seeing how you barely know yer own shiforbrained thoughts, here?

i-dog's picture

"can you even understand me"

Often not. So, game on, muthafucka!

tmosley's picture

That was the Roman endgame.  666 was code for Nero.  Already passed.

Our own endgame has been prophesied, but not by a drug addled cave dweller.  Rather, an American Hero, Irwin Schiff, prophesied what would come to pass in his "How an Economy Grows, and Why it Doesn't".

nonclaim's picture

You have to read it more like "end cycle" and there are many cycles going on at the same time at different stages of maturity. The true end is not for us to know.

Spitzer's picture

fuck that cycle shit.

What would all of your cycle theory look like if Paul Volcker was re-appointed in 2001 ?

Mr Lennon Hendrix's picture

Damn it Spitz, what is that supposed to mean?  Rates would have been raised?  See if I care.  Rates go up, gold goes with them.  Is that your point?

wisefool's picture

Married Men Spend more Time watching porn than haveing sex with thier wifes?

A generation of SEC agents worship Elliot Spitser.

The previous generation worships Buffet/Hefner?

Hillary is incharge of MENSA?

If any of you douche bags bring shiny metals to me instead of  a fruit ... we'll talk about how they administered I.Q tests in the 1960s ... and you will leave with some purchased copies of 2001, Star Wars, Indiana Jones and Doctor Threes company.

supernickel's picture

Have you heard about Charles Nenner? He does "cycle work".

disabledvet's picture

i don't know what's worse. not knowing the ending...or knowing.  i mean "we all know" if you...."know" what i mean.  you know "the End."  Unless of course it's Hollywood--in which case "the End is just another reason to belly up to the popcorn bar" and in that sense "is good." But i digest....

supernickel's picture

Well, Sandeep Shah of Sampriti Capital does not agree with you. Brace yourself!

PY-129-20's picture

Your mistake is to believe that the game ended with Nero, but at that time it just started. It was the end of the gens claudii but not of Rome. Rome died fiscally about two hundred years later when the empire was on the brink of collapse. That was one part of the story:

- too much instability (and the seed of that instability was already in place when Tiberius was emperor (btw: I find Tiberius very fascinating) and allowed Seianus to resettle the Praetorian Guard within the borders of Rome. Tiberius was fiscally very disciplined and Caligula (his madness is today discussed by scholars, but I find him one of the most disturbing characters of the Roman empire. He was definitely more mad than Nero.), who became emperor after his death, was on a spending spree.

Have you ever seen a sweet Aureus? Unfortunately, so far I've only found Roman As (bronze/copper coins)

For me, and this is of course a personal view, the end of the empire started with Pertinax death and it took about three centuries to from there to end the West Roman Empire. Pertinax death was a precursor of what would happen in the entire third century AD.

- failure in diplomacy and immigration
- a lost fiscal discipline

I must add that I don't find Nero as bad as most people did and still do. Did he burn Rome? Well, it is disputed and I agree with Massimo Fini's defense of Nero on most arguments. Fiscally, the third century was more turbulent and they inflated the system when they reduced the quality of the coins. Some say that Diocletian and Constantine stopped the whole process, but at that point the old Roman empire already had died (when they broke it in parts).

WhiskeyTangoFoxtrot's picture

Yeah, Jesus is coming to rescue the economy! Hallelujah! </sarc off.>

ZeroAffect's picture

No need for ET help when we have Benny and Timmy running the show with the blessings of The One! We only need a little more HOPE... along with some more whiskey and Vodka.

Sedaeng's picture

+41.500 (silver)

vodka is where its at... tons of dry food and bottles and bottles of vodka :)

cossack55's picture

Buy Icelandic vodka. Crash JPM!

johnQpublic's picture

buy Patron silver and crash....... your car..

sagefool's picture

No. He really could care less about the economy. Being the Son of God/Omniscient kind of keeps you from worrying about the future.

In the end, everyone will be throwing their gold and silver in the streets. That kind of messes with your head a bit. 

Glass Steagall's picture

Totally agree. I even wonder why anyone is gonna want to survive this – seems a dignified exit strategy from this final act may seem like a more honorable approach.

"In the world I see – you're stalking elk through the damp canyon forests around the ruins of Rockefeller Center. You will wear leather clothes that last you the rest of your life. You will climb the wrist thick kudzu vines that wrap the Sears Tower. You will see tiny figures pounding corn and laying strips of venison on the empty car pool lane of an abandoned superhighway."

Don’t think it’s gonna go that way, Chuck. I suspect radioactive bears are gonna eat the last of our kind after we have run outta ammo and silver bars to throw at them.

Rusty Shorts's picture

can you skin grizz?


- in the entire history of "man", he (cousin it) has indulged in only 4 Economies;

1) hunter gatherer

2) ag

3) manufacturing

4) service


- the 5th economy will be starvation


Food Bitchez

Glass Steagall's picture

can you skin grizz?

Props, Rusty. Love your posts.

Bananamerican's picture

sheeit, is he name checkin Jeremiah Johnson for the oldtimers?

SWRichmond's picture

We need the markets to clear.  It will be shockingly painful, but not endless.  This ZH piece also bears reading.  The economy can function if it is allowed to use facts as a basis.  The politicians are under orders from the banksters to not allow this clearing to happen, as the banksters do not wish to take losses.  The problem with the economy is a political one.

Blindweb's picture

A horticulturalist society is likely the future for many parts of the world.  Permaculture is the very begining.  See John Michael Greer - The Ecotechnic Future.  Will billions starve during the transition? Probably.

slobbermut's picture

Amen Brother....let not your heart be troubled.

savagegoose's picture

i prefer


where the gods die. fucken trouble makers

TruthInSunshine's picture

All the world is a crime scene.

Commodity speculators are LITERALLY hiding mountains of commodities as they run prices up to profit before the commodities plumment in price.

In the meantime, they've killed and are killing the world economy.

If we didn't have a joke for regulation, this great heist would not be allowed.

Sunday, April 10, 2011

Softer Commodity Prices?

by CalculatedRisk on 4/10/2011 08:19:00 PM

A couple of articles:
From the WSJ: Warning Signs for Copper Market (ht Brian)

Copper prices have almost quadrupled after a two-year rally ... evidence has recently surfaced of previously unreported copper stockpiles, a sign that much of the purchased copper hasn't been put to use.

Mr Lennon Hendrix's picture


Sure, but the dollar is a are we going to use as a metric?

TruthInSunshine's picture

Anything that has inherent value AND is truly in demand because it's absolutely needed now, not because of speculation.

Buying and hiding copper, or worse yet, rolling over oil on contract (when no physical delivery need take place and there's no more storage capacity), is purely price distortion and bubble creation (pop will go those bubbles) as a result of the criminality of The Bernank.

FreedomGuy's picture

It's also a good strategy if you expect very high inflation in the future. You stock up now while the money is still worth something and can buy more goods.

bothsidesnow's picture

Gee I do believe that is what China is doing with it's + 2 trillion in FRN's. Smart folks those Chinese been playing this civilization game a lot longer than the US.

China's Trade Deficit Signals More Inflation Ahead

Mad Cow's picture

The People's Republic of China began in 1949 so it's quite a bit younger than the US. Or were you being sarcastic? Or racist maybe?

Bananamerican's picture

i was thinking that....specs AND inflation expectation hoarding beginning...

I'M doing that myself...don't think i'm alone...

i-dog's picture

I think you'll find that Blythe has her spindly hands grasping all the copper.

A Man without Qualities's picture

The copper run up has been so strange over the last year or so.  Clearly it was massively undervalued in 2009, but the appreciation has been incredibly uniform and the corrections have been very shallow.  China tightening has had no effect (in fact, more often causes rises.)  The evidence is of Chinese speculators using copper for cheap financing as conventional credit sources dry up.

However, what should we or anyone do?  Are we supposed to sit their quietly in cash, watching our wealth get slowly eroded away?  Are speculators the cause or the effect of the abandonment of sound money?  Governments say we can't let defaults happen, we can't cut entitlements or spending, we can't raise taxes, so there is more money thrown in all the time - what should we do, but try to find something that the grand planners cannot dilute?