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Chart Of The Day: The Rise Of Global Central Planning

Tyler Durden's picture


There was a time when the world had (somewhat) free markets. Then Lehman failed as the inevitable culmination of a credit bubble that was second in size and severity only to the one being blown currently, and the central planners took over, converting equity, bond and FX markets into nothing but monetary policy tools dominated by central banks. Below is a great summary of how parallel to SkyNet's HFT takeover of stock trading, the central planners conducted their own not so stealthy take over of all capital markets. The chart is open-ended. Expect much more intervention by the Big 4 in the months and years ahead as the circular nature of increased central bank intervention leading to less faith in financial markets leading to increased private sector deleveraging leading to increased-er central bank intervention and so on, accelerates.

Meet the 4 unelected dictators of the no longer even pretending to be free "developed" world.

Source: Goldman Sachs


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Thu, 10/04/2012 - 09:23 | Link to Comment blabam
blabam's picture

A bunch of cocksuckers.

Thu, 10/04/2012 - 09:26 | Link to Comment Stackers
Stackers's picture

I abandoned free market principals to save the free market system.

Thu, 10/04/2012 - 09:27 | Link to Comment GetZeeGold
GetZeeGold's picture




Don't push us.....or we'll do it again.


Thu, 10/04/2012 - 09:42 | Link to Comment Manthong
Manthong's picture

If evil is to be vanquished, those mugs will end up on a deck of cards.

Thu, 10/04/2012 - 09:51 | Link to Comment Dalago
Dalago's picture

Where's the one picture of the Rothschilds?

Thu, 10/04/2012 - 10:00 | Link to Comment metastar
metastar's picture

These are the four aces in the enemies of humanity deck.

Thu, 10/04/2012 - 10:26 | Link to Comment Lohn Jocke
Lohn Jocke's picture

Ah, you post along with your photo of Dr. Osterman fluctuates between coincidence and irony, depending on which ending to Watchmen you subscribe to. Like a metaphor for dualism.

Thu, 10/04/2012 - 10:27 | Link to Comment markmotive
markmotive's picture

Sounds like a few people could learn from the fall of the Soviet Union

Thu, 10/04/2012 - 10:42 | Link to Comment MillionDollarBogus_
MillionDollarBogus_'s picture

Pay off all your debt, save some cash, buy some physical precious metal.

All are life jackets for the inevitable sinking to come.

Those guys are Joseph Hazelwood and the world economy is the Exon Valdez.


Thu, 10/04/2012 - 09:43 | Link to Comment prains
prains's picture

4 guys who between them couldn't get 20 push ups done let alone save the world

Thu, 10/04/2012 - 09:46 | Link to Comment CrimsonAvenger
CrimsonAvenger's picture

I abandoned the illusion of free market principals to save my ass.


Thu, 10/04/2012 - 10:21 | Link to Comment mickeyman
mickeyman's picture

In order to save the market . . . I had to destroy it.

Thu, 10/04/2012 - 09:27 | Link to Comment vmromk
vmromk's picture

Cocksuckers is too mild a term.

Psychotic criminals is a slightly better description.

FUCK YOU helicopter Ben.


Thu, 10/04/2012 - 09:55 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Plus, cock suckers provide a service to humanity.  These guys?  Not so much.

Thu, 10/04/2012 - 09:27 | Link to Comment Clint Liquor
Clint Liquor's picture

Yes, but they are predictable and you can make money off of anything that is predictable. So, place your bets on incompetence and arrogance (the Fatal Conceit).

Thu, 10/04/2012 - 09:28 | Link to Comment Colombian Gringo
Colombian Gringo's picture

Whats wrong with cocksuckers? At least a cocksucker gives you a happy ending; allowing these criminal banksters to control our lives ends up in tears.

Thu, 10/04/2012 - 09:32 | Link to Comment Winston Churchill
Winston Churchill's picture

Obummer hasn't.

Thu, 10/04/2012 - 09:38 | Link to Comment Clint Liquor
Clint Liquor's picture

That's because he bites!

Thu, 10/04/2012 - 09:36 | Link to Comment CommunityStandard
CommunityStandard's picture

I agree.  There's just too much cocksucker hate.  Bankster should be the dirty word.

Thu, 10/04/2012 - 10:27 | Link to Comment Lohn Jocke
Lohn Jocke's picture

Not sure if role playing...or B D S M...

Thu, 10/04/2012 - 10:19 | Link to Comment Yancey Ward
Yancey Ward's picture

I hate to tell you this, but the giving and receiving are the opposite of what your comment implies.

Thu, 10/04/2012 - 09:23 | Link to Comment vinayjha
Thu, 10/04/2012 - 09:27 | Link to Comment GubbermintWorker
GubbermintWorker's picture

Benny makes the others look like amateurs!

Thu, 10/04/2012 - 09:30 | Link to Comment Bay of Pigs
Bay of Pigs's picture

central bankers, the scourge of humanity

Thu, 10/04/2012 - 09:30 | Link to Comment ebworthen
ebworthen's picture

A train steaming towards a broken bridge, drinks flowing in the bar car.

Chug-chug, puff-puff.

Thu, 10/04/2012 - 09:30 | Link to Comment Rainman
Rainman's picture

I still don't know how to price in ongoing financial treachery by these global terrorists. Neither does anybody else.

Thu, 10/04/2012 - 09:31 | Link to Comment TideFighter
TideFighter's picture


Benny aaannnd the rest, here on Benigan's Island.

Thu, 10/04/2012 - 09:32 | Link to Comment mayhem_korner
mayhem_korner's picture



I understand the sequel, The Fall of Central Planning, is due out soon.

Thu, 10/04/2012 - 09:36 | Link to Comment wildsilver
wildsilver's picture

Recorded for broadcast on Comedy Central  

Thu, 10/04/2012 - 09:36 | Link to Comment Clint Liquor
Clint Liquor's picture

That was written by the Romans. The latest is titled, Central Planning: How may fucking times do we have to endure this scourage on mankind before we kill it once and for all?

Thu, 10/04/2012 - 09:33 | Link to Comment BurningFuld
BurningFuld's picture

Their Banker masters wouldn't have it any other way now would they?

Thu, 10/04/2012 - 09:34 | Link to Comment Winston Churchill
Winston Churchill's picture

No pic of Wily E Coyote ?

We all know how his planning works out.

Thu, 10/04/2012 - 09:35 | Link to Comment Unprepared
Unprepared's picture

B. Shalome B. is not doing this for worldly gratification, there are 12 virgin printers awaiting him in central bankers' heaven.

Thu, 10/04/2012 - 09:37 | Link to Comment caimen garou
caimen garou's picture

who let the monkeys out of their cage this early in the morning? feeding and shit slinging don't start for another couple of hours!

Thu, 10/04/2012 - 09:47 | Link to Comment surfsup
surfsup's picture

The perp walk of the un elected!  Nice Tyler... 

Thu, 10/04/2012 - 09:50 | Link to Comment surfsup
surfsup's picture

Last time I checked the Sun didn't charge interest for helping grow that tomatoe plant in the garden...    "Culture of the Fleece" a new novel by G Edward Griffin    (kidding)

Thu, 10/04/2012 - 10:06 | Link to Comment GeezerGeek
GeezerGeek's picture

But don't think governments wouldn't tax the sunlight if they could.

Thu, 10/04/2012 - 09:51 | Link to Comment surfsup
surfsup's picture

But one has to ask who are above these guys?  Power in absentia has been the way for some time so always look beyond the mask . . .     

Thu, 10/04/2012 - 09:52 | Link to Comment q99x2
q99x2's picture

Hey what's the deal? Gasoline just went up over $5 a gallon here in SoCal. Like over night. Did someone just launch a war or something?

Thu, 10/04/2012 - 09:56 | Link to Comment A82EBA
A82EBA's picture

$3.30 here in Houston

Thu, 10/04/2012 - 10:03 | Link to Comment Uncle Remus
Uncle Remus's picture

Dood, seriously, WTF are you still doing in that shit hole?

Thu, 10/04/2012 - 10:08 | Link to Comment GeezerGeek
GeezerGeek's picture

Part of Obama's plan t help the middle class. He said so during the debate, which I didn't watch. Raising gasoline prices will force more and more people onto public transportation, saving money and resulting in cleaner air. Win-win!

Thu, 10/04/2012 - 09:54 | Link to Comment Go Tribe
Go Tribe's picture

romney's opposition to tbtf last night was refreshing, called it the biggest kiss to wall street banks. look for the age of central planning to slowly recede if these monsters  are allowed to fail.

Thu, 10/04/2012 - 09:58 | Link to Comment woggie
woggie's picture

recent empirical findings have confirmed candy (aka sugar) is addicting.

Thu, 10/04/2012 - 10:01 | Link to Comment hedgehog9999
hedgehog9999's picture

Foking politbureau tactics adopted by western nations, we all know how that ended up.

I give them a year from here......maybe a few months.

Thu, 10/04/2012 - 10:01 | Link to Comment Uncle Remus
Uncle Remus's picture

Nice "Wanted" poster.

Thu, 10/04/2012 - 10:02 | Link to Comment TrumpXVI
TrumpXVI's picture

We've been down this road before.  

I remember The Vietnam War when the paradigm became, "We had to destroy the village in order to save it."

Thu, 10/04/2012 - 10:03 | Link to Comment q99x2
q99x2's picture

I've noticed that oil spikes everytime the banksters anticipate a collapse of some kind. Like before the financial crisis. Its a raping before the pillage. Some one call the police. Arrest them.

Hey this election we get to vote them all out. Fuck them traitor M'Fers.

Thu, 10/04/2012 - 10:48 | Link to Comment poor fella
poor fella's picture


WHY is it so goddamned hard to take out the $%^& TRASH?!? EVERYONE needs to vote out incumbents... JFC. Same tick-bastards will be sucking next year and ever after until The Body is dead.

Instead of 'I Voted" stickers - people need to make the pledge and don a "I Voted AGAINST" sticker..

Thu, 10/04/2012 - 10:09 | Link to Comment falak pema
falak pema's picture

the Hub of crisis is the private banks; the cause.

the rub of civilization is crony capitalism.  So no regulation and sanction since 2008 onwards, and the private crap pile gets bigger as the government pie gets loaded with the defeasance crap from Tarp and sons incorporated. 

the tub of civilization is public debt that results making it the sewer for private profit draining on the quiet behind closed doors.

And now its raining unicorns as the Central Banks decree that printing is unlimited and the planning total to save the NUB of the RUB of the HUB of private crony oligarchy capitalism, the consequence of this Oligarchy despotic play world wide.

There is the root cause and there is the general effect. And its all private enterprise CONTROLLED.

Never forget that basic truth when you start looking for bogeymen in desperation, as the printing press spreads the disease of hyperinflationary dysentery and economic doldrummery.

Thu, 10/04/2012 - 10:11 | Link to Comment sessinpo
sessinpo's picture

the Hub of crisis is Liberalism, the cause (Liberalism is the ideology that fosters central planning and bankers)

Thu, 10/04/2012 - 10:13 | Link to Comment prains
prains's picture

always someone here to divide under the guise of ideology

Thu, 10/04/2012 - 10:19 | Link to Comment sessinpo
sessinpo's picture

As is always someone with a blind eye to logic and truth.

Thu, 10/04/2012 - 10:29 | Link to Comment sessinpo
sessinpo's picture

I would also add to your ignorance that my post was not under guise. I suggest you learn the word before you use it. Guise is used to give an external appearance or ruse, a deception.


My post was quite clear and I have made no unclear statements about my ideology of being conservative/libertarian. Thus my ideology and statements are not a ruse and I also make statements that support my thought which you did not.


If you want to debate me, come with substance. I am adamant on my position because liberal ideology is not economically feasible. It has been tried again and again. A corrupt banking system is just part of that.

To make my point, how many ZHs agree with the bank bailouts? That just passed the cost onto the general population and enriched a few.


If you want to disagree with me, then do so but make some points worth debating.

Thu, 10/04/2012 - 12:45 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

"To make my point, how many ZHs agree with the bank bailouts?"

How many "liberals" agree with the bank bailouts?  Ask that same question over in "socialist" Europe.  He's trying to point out that you're either wittingly or unwittingly propegating the "divide and conquer" strat.  Now that you have been enlightened regarding this, prepare for any further posts of this type to be met with substantially harsher responses.  Trust that propegating their memes is not well tolerated here.

Thu, 10/04/2012 - 10:27 | Link to Comment ebworthen
ebworthen's picture

Liberalism is the left hand of the body called "distraction".

Conservatism is the right hand of the same body.

Both slap the middle class in the face while giving a reach around to their cronies in banking and the corporatocracy of the U.S.S.A.

Thu, 10/04/2012 - 10:43 | Link to Comment sessinpo
sessinpo's picture

While I would agree with you that both parties (using the American system) are corrupt and problematic, I would suggest to you this:

If you give up your thought that you have choice (not between left and right), but choice in making your life better, then you had better look to "ideology" that supports that.


And just as I was replied to earlier for my liberalism comment, it was on purpose. Yes, I would agree with you that even many so called conservatives do things that infringe on your ability, right, to make a better life for yourself, it is the overall ideology of liberalism that causes that. Modern day liberalism is about larger government and more restrictions on you as a person. We are not talking about corporations here which I think we all agree need some type of regulation for fair play and to curtail corruption.


I can and am often just as pessimistic on the left/right crap. But when it comes to individuals, freedom is a clear choice. Freedom to work, to create businesses, to create jobs, support a family. Modern day liberalism doesn't do that. That is the guise and I was accused of earlier as is the guise that all conservatives are actually conservative. You know Rinos.


BTW, I gave you an up arrow because your post and point wasn't wrong. My reply just expanded on it and suggested other additional thoughts. That is the difference between me and the liberals that give me down arrows but can't reply with substance afterwards.

Thu, 10/04/2012 - 10:53 | Link to Comment falak pema
falak pema's picture

you've missed the basic fact....the hub is a result of Reaganomics laissez faire; not state but private enterprise. Its starts there nowhere else. If it had been Liberalism, it would have been old style financing not the new style financing (derivatives) + outsourcing model. That was a direct result of Reaganomics. Its starts there nowhere else. As ZH has very clearly pointed out deregulation spawned in the 80s a new type of banking; shadow banking, where the only rule was there is no rule. 

Clinton made it worse, agreed, he allowed  Gl-St revoke, which was the icing on the deregulated cake, already baked by Greenspan.  And Fannie and Freddie were then allowed to join the gang bang of sub primes later on, as "every guy should be home owner" meme became financial mantra.

That time line says it all. Reaganomics = most advanced version of modern libertarian capitalism that has morphed into ponziland, thanks to cronyism under Clinton/GWB, and runaway laissez faire under Obama. 

Thu, 10/04/2012 - 11:07 | Link to Comment sessinpo
sessinpo's picture

And you miss the fact that modern day liberalism started way before Reaganomics. I don't even know why you call it Reaganomics because the concept of laissez faire existed way before Reagan.


And as I stated in my above post, I do not disagree with regulation that curtails corruption and encourages fair play. The point you miss is that modern day liberalism of BOTH parties is what encouraged and enabled that. In contrast, the modern day libertarian party is against the FRB which I agree with. Explain that!


Each point you have, and I thank you for making post of substance that at least explains your reasoning (that is called debating and healthy discussion), is an example of liberalism - even if it was from a conservative politician such as Reagan. As an example to my point is this silly Obamaphone craze lately.


There is no Obamaphone. The Telecommunications act in 1934 started it all. It was expanded under Reagan in the 1980s when cell phones started to become big. I detailed that in another thread. Another liberal social program that conservatives did nothing to stop but it has become another government waste project like so many others. These programs whether cell phones or banking products get started and get expanded under BOTH parties until they become corrupt and unmanageable. A true libertarian view would say that these situations would be greatly reduced or eliminated if government didn't encourage and often force tax payers to pay for, such as bank bailouts.

Thu, 10/04/2012 - 12:18 | Link to Comment falak pema
falak pema's picture

I am not talking "concepts", I'm talking "facts"; the events that made this crisis...stick to facts and those who controlled the power levers of that time line. Reaganomics is equivalent to the big bang of Thatcher...the act that created the City. These were game changing moves that took finance from LENDING banks and put it squarely in the hands of supply side Oligarchs  whose hands now freed primed the investment in stocks risk asset pump, allowing WS to rip-off.

Just look at the historical charts of WS since 1929 to today, and you will understand the true reality of Reaganomics; both ideology and incredibly powerful capitalist reality that played out over 30 years, as both blue and red camps bought into it.

The rest is literature. 

Fri, 10/05/2012 - 19:55 | Link to Comment sessinpo
sessinpo's picture

Okay, let's stick to facts and history.

Time and time again we have seen liberal policies used that have bankrupted various regions. That is why I bring it up and it pisses lots of people off. This website covers economic and financial concerns. So if a specific ideology repeatedly causes financial problems on a massive scale of bankrupting cities, states and even countries, I think my comments are appropriate.


And if you read my above posts, you should ascertain, I am not a Reaganomics fan or a republican fan. How many times are you and others going to use Reaganomics and supposed republican policies to support your argument when I have repeatedly made post against Reaganomics and those conservatives. Additionally, I have given my reason why. Because people have been "sold" the idea that Reagan and republicans are conservatives. The fact that you use use Reaganomics tells me you bought into that. My point is that Reagan and other republicans are nothing but liberal "lite." Liberalism is the problem and it infects both parties.

That is why I also gave an up arrow to a poster that I normally disagree with because they were saying in their post that both parties are the problem. And I agree. Under a non socialist liberal society, the prevailiing ideology would be against a government that is in collusion with big corporations. Both parties support big corporations.

And you really need to get off the Oligarchs theme. I've nailed so many people on that and here is how. You want to talk facts. Okay. Name me one society at any recorded time that did not have one group or family that dominated their region? Answer: zero. For goodness sake, even in tribes of the Amazon, there is a hierarchy where a singe person has a higher standing then others in the group. In other words, no matter what economic or political system that has been in place, there have always been the top 1%, the oligarchs, the previlegded, the ones that have more then others, the ones that have more influence, the ones that control more resources, etc. In other words, that point makes your Oligarch point mute.

Thu, 10/04/2012 - 10:07 | Link to Comment Shizzmoney
Shizzmoney's picture

Oh yeah, we have a "choice" at the polls alright.

Thu, 10/04/2012 - 10:07 | Link to Comment mayhem_korner
mayhem_korner's picture



I think Uncle Mervyn is Michael Caine's twin bro.

Thu, 10/04/2012 - 10:11 | Link to Comment MiddleageThinni...
MiddleageThinninghair's picture

Bloomberg - California Gasoline Difficulties


Thu, 10/04/2012 - 10:42 | Link to Comment Rainman
Rainman's picture

Name any random citizen goatfuck and Cali has it in play

Thu, 10/04/2012 - 10:14 | Link to Comment pirea
pirea's picture

wrong. they are not dictators, but public face for the shadow masters.

Thu, 10/04/2012 - 10:17 | Link to Comment Gandalf6900
Gandalf6900's picture


Thu, 10/04/2012 - 11:18 | Link to Comment stiler
stiler's picture

These guys have it all under control. CTRL P. Until it becomes obvious to all they don't. 

You know, I had a dream about 7 skinny cows...

Reading the guys in the Bible who had positions of political & economic leadership, like Joseph (not the Jesus, Mary & Joseph one, the one in Genesis) and Daniel would be instructive. Joseph put away grain for the seven lean years. This what we should be doing, not spending our way to hell.

Thu, 10/04/2012 - 13:04 | Link to Comment Panafrican Funk...
Panafrican Funktron Robot's picture

Humorously, even Keynes advocated for doing the same thing (rainy day fund when times are good).  The U.S. states that adopted this common sense principal all seem to be doing fine on their budgets.  It's almost as if some person or group of people is intentionally screwing stuff up for some nefarious purpose, likely involving a power grab.  I know, crazy talk, right?

Thu, 10/04/2012 - 12:18 | Link to Comment Nobody For President
Nobody For President's picture

That's the Most Wanted list posted in the local post office, right?

Thu, 10/04/2012 - 17:16 | Link to Comment omniversling
omniversling's picture

That branch has been closed...sorry...

Thu, 10/04/2012 - 13:21 | Link to Comment Just Ice
Just Ice's picture

It was the government's interference and meddling in the economy that strung the Great Depression out so long. These dopes need to step aside and simply let the debt deleveraging and deflation run its course to purge the malinvestments and wring out the excess and inflated credit that was pushed into every corner of the system. The sooner, the better.

Constant pumping of liquidity only serves to drag things out in duration while propped institutions hobble along in unending zombie fashion...when they need to be liquidated and sold to better stewards of capital.

A populace struggling with high unemployment and stagnant wages, and well run businesses suffering from slow or lowered demand, do not even reap the benefit of lower prices, that would normally occur during debt deflation when ignorant central planners keep inducing speculative commodity spikes, raising costs.

Stringing things out only results in prudent and well run businesses, that could make it through a couple of lean years, eventually going under right along with the chaff.

As for levitating asset prices in an attempt to create a wealth effect, they are instead creating resentment. People without excess money due to job losses or pay cutbacks, people who have lost their homes, their home equity savings or savings they had in the markets through the flashcrash or 2008 meltdown, do not look at markets making new highs and think "wheeeeeeeeee". Not hardly. They instead feel ripped off and left behind while the "rich" in the stock market are raking it in. That breeds resentment, not spending.

Infuriating how clueless and disconnected from the majority's reality these banker crooks are.

Thu, 10/04/2012 - 17:36 | Link to Comment omniversling
omniversling's picture

Yes, well articulated, thankyou. That is happening to me right now in Australia. The compound danger is that the Tax Office has declared me 'not profitable enough', deregistered my business number and fined me for 'failing to take sufficient care'. Not sure of what, but my accountant is try to find out.

This feels like the slippery slope that Kafka understood, when a bureaucracy staffed with plodders (didn't go the way of the entrepeneur, take risks, saddle up the trailrider, chose safety and a secure pension etc etc) who have NO IDEA of how harsh the reality of life outside the doors of their airconditioned offices is becoming for small businesses, and have adopted the the post 911 stance that everyone is guilty until proven innocent.

I have a recurring nightmare in which I hear the Steamroller of State trundling down the road toward me, I am a small amphibian in cast iron pot half filled with scalding water. The steamroller approaches and I can't decide whether to use the cast iron pot as a refuge, or making a run for it and risk getting crushed by the steamroller. I try and try and try to wake up, but cant...eventually I realise it's not a dream..

Fri, 10/05/2012 - 06:38 | Link to Comment goldenbuddha454
goldenbuddha454's picture

you're right.  This FED action between the 4 bigs is like Barry, Jason, Dave Hester and Darryl bidding on the same lockers, over and over again expecting they'll find something there never was.

Thu, 10/04/2012 - 13:25 | Link to Comment Grand Supercycle
Grand Supercycle's picture


Stocks are being dragged up by yet more USD selling.

Price action today looks like the previously mentioned SPX Election Rally, but without the pullback I wanted beforehand.

Therefore the postponed correction when it happens, will be WORSE.

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