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Visualizing The World's Shifting FX Reserves

Tyler Durden's picture





 

It’s estimated that the pound sterling made up around 64% of the world’s official FX reserves in 1899. It had fallen to about 48% by 1913.  As you'll likely glean from the graphic below, Addogram notes that historic recurrence seems to like operating in base-100 when it comes to reserve currencies. The dollar's share of global (official allocated) FX reserves has fallen from 72% in 1999 to 62% at present. As we have pointed out before - reserve currency status doesn't last forever...

 

The center of each “dynamic” pie chart below shows the composition of official (allocated) foreign exchange reserves in 1999. The further you move outwards from the center, the closer you draw to the present day.

 

Chart: Addogram

 


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Wed, 12/05/2012 - 23:08 | Link to Comment Orly
Orly's picture

More evidence of how the dollar owns the world.

Sell gold.

Now.

:D

Wed, 12/05/2012 - 23:19 | Link to Comment Bansters-in-my-...
Bansters-in-my- feces's picture

Oral-y.....that sucks.

Wed, 12/05/2012 - 23:51 | Link to Comment SafelyGraze
SafelyGraze's picture

nice looking graphs!

have seen them on the coin channel

http://oi48.tinypic.com/54wsg2.jpg

 

Thu, 12/06/2012 - 05:35 | Link to Comment Aziz
Aziz's picture

"USA has potentially infinite dollars.

Therefore USA wins."

— Ben S. Bernanke 

Thu, 12/06/2012 - 07:53 | Link to Comment BigJim
BigJim's picture

 nice looking graphs!

Really?? I was just thinking how crap dynamic pie graphs are for presenting data like this.

Thu, 12/06/2012 - 09:03 | Link to Comment machineh
machineh's picture

The problem with a bar graph is that the dollar bar would be ten times taller than the others.

Here the pie graph is eye-catching. I was hoping to see the one from 1899, though.

Thu, 12/06/2012 - 00:16 | Link to Comment Orly
Orly's picture

Before the crisis, we owned more of the world, that's true.  But...Bert (as my mother-in-law would say...)

If the USD hadn't been used to buy up a half-trillion dollars (prolly more like a cool trill...) worth of foreign currencies during the financial meltdown, then the picture would look fairly much the same as it did back in the day.

The USD dollar is as strong as it ever was.  In fact, most foreign currencies are much, much weaker than they were at that time while the USD has more than held its own...except maybe the Polish zloty.

Nice graphs but nothing to see here.  At all.

It should be obvious to you with a bit of reason.  So why don't you go and do vulgar somewhere else?

Thu, 12/06/2012 - 01:39 | Link to Comment old naughty
old naughty's picture

but but...have they factored in the China - Korea (that's South) Yuan-Won swap lines?

And will that draw more Asian countries in?

WAR !!!

Thu, 12/06/2012 - 04:10 | Link to Comment akak
akak's picture

Orly, you are full of shit.

The USD dollar is as strong as it ever was.

Yeah, and the sky is purple and grass is orange.  Such a ridiculous statement is obviously intended as nothing but perverse trolling just for kicks, as any child can see that the US dollar, indeed EVERY fiat currency, is far weaker than it was at any point in the past that you care to name.  Or are you trying to deny that fiat currency debasement is ubiquitous, universal and never-ending?

Really, your assholish comments are positively nadleresque in their desperation and inanity.

Thu, 12/06/2012 - 07:17 | Link to Comment Orly
Orly's picture

I'm sorry...

Sky is purple, assholish trolling.

Hella refutation to my quantifiable arguments.

Guess you lose again.

:}~

In fact...

" ...as any child can see that the US dollar, indeed EVERY fiat currency, is far weaker than it was at any point in the past that you care to name."

That statement right there demonstrates you're as clueless as the day is long...but you don't even know why.  Toodles, doogan.  Don't you have something shiny and mesmerising to look at?

Thu, 12/06/2012 - 07:46 | Link to Comment EscapeKey
EscapeKey's picture

Oh FFS, the only reason why the US Dollar is around, is because of the debt denominated in US Dollars, and because commodities are traded in Dollars. However, the total debt denominated in the US$ has been on a continuous slide for a long time, and entities are talking about - and indeed starting to - bypass trading in Dollars.

But hey, if you think a piece of paper with arbitrary denomination is actually intrinsically worth more than a hard asset in times of rapid expansionary monetary policies, then I truly invite you to sell everything and buy every Dollar in sight.

Thu, 12/06/2012 - 10:09 | Link to Comment CPL
CPL's picture

60% of the people you ever meet will have a tumour as well.  I suppose the growth and outcome is about the same.

Thu, 12/06/2012 - 13:59 | Link to Comment akak
akak's picture

Orly, my refutation of your idiotic "the dollar is as strong today as ever" claim was already contained in my last post --- as well as being self-evident during any visit to a grocery store, or in any perusal of one's rising utility bills, rising insurance premiums, etc.

Are you REALLY trying to claim that the dollar has not lost ANY purchasing power --- the only metric that truly matters when discussing the 'strength' (make that "relative weakness") of any fiat currency --- over the past century, or even just over the past decade?  Even you are not that stupid, so I have to assume that your initial post here was simply trolling to get a rise out of others.

Thu, 12/06/2012 - 14:12 | Link to Comment Orly
Orly's picture

Perhaps you should go back and read what I said, actually.  What part of the USD is worth about seven cents of what it was in 1913 do I have to explain to you again?

I also gave you reasons for that.  I also said that it doesn't matter because the USD is still the strongest currency on the planet by a mile and I gave ample reasons for that.

Now, if you would kindly read and not get into your "mode" just to impress your gold-bug friends by calling me names, then perhaps you could learn something.  If not learn something, then maybe you could stretch your mind a little bit to try to understand another possible perspective.

When your significant other disagrees with your obviously entrenched and rigid positions, do you call them names like "idiot" and "asshole"?

No?  Why not?  Oh because you're not married any more?  What a surprise.

And by the way, there was no refutation of my position.  It was all blusterdy-duck, harrumph-harrumph and ad hominem attack.  Either way, whatever...

______________

P.S. Perhaps you should take a very basic course in foreign exchange because that may help you realise that all currencies are relative to each other.  And, no, gold is not a currency, at least not in any market on this planet.

Thu, 12/06/2012 - 14:29 | Link to Comment akak
akak's picture

Orly, once again with your disingenuous bullshit.  You really are a piece of work.

Perhaps you should take a very basic course in foreign exchange because that may help you realise that all currencies are relative to each other.

No, wrong again asshole --- although that is exactly the message that our handlers and rulers, those who constantly manipulate and inflate the ersatz money that they force us to use at the point of a gun, would LIKE us to believe, and constantly try to hoodwink us with, isn't it? 

No, currencies are NOT fundamentally and meaningfully measured relative to other, simultaneously depreciating fiat currencies, they are measured against the prices of REAL goods and services, i.e. their purchasing power.  To say that "the dollar today is as strong as it ever was" merely because it is roughly on par with a basket of other more-or-less equally depreciating currencies is merely playing semantic games and forcing the reader into an intellectual hall of mirrors whose only exit is a shot to the head (and the wallet).

 

Thu, 12/06/2012 - 06:14 | Link to Comment boogey_bank
boogey_bank's picture

Hi Orly,

how are You?… My 2 cents about the matter...I think people is right when says that usd is a loosing bet in the long term. It’s true... it has lost 95% purchasing power from 1913 (a very sad year for mankind indeed).  But You are also right when You say that is the strongest currency in the basket right now. For instance the zar, a currency of a gold producer country is actually taking a bath and so all zar investors. How is that possible? IMHO it’s is not all that mystery. Think about Exter pyramid and think about the fact that both gld and usd are at the cusp of the inverse pyramid. All the world assets are linked to the usd... and on the event of a crisis people liquidate their assets in order to raise cash to buy necessities that become every day less affordable for the masses...

So I think the usd has a tremendous appreciation potential. It’s weekly point and figure chart still claims for a PO of 103 that imply an eurusd level around 0.92... Problem is that staying invested in usd for an european j6p worried about the destiny of euro is suicidal. Right now the eurusd has flared till 1.3077. Some people claim that is important to stay invested in EM currencies, but I don’t think so. I think a lot of currencies of virtuous or commodity rich countries will experiment in the next years a sudden death syndrome.

This remainds me of the days in october 2008. At that time in Italy there was a guy, an indipendent advisor

http://www.eugeniobenetazzo.com/index.htm

that was calling doom over the two major banks in Italy (indeed I call them “the two ill twins giants”). He advised to move people nest egg in smaller (and more costly) banks. These ill banks didn’t fail in the catastrophe of 2008   and perhaps you can understand the reason in these videos

http://www.csper.org/renaissance-20.html

Big banks are ill but are situated near the top of  economic power pyramid.

So in the long run usd and big banks are doomed. Gold will win the currency war, becouse it hasn’t no central banker peddling and sweating in order to debase it. But for gold bugs winning the “saving wars” ... well it’s another story. There are liquidity issues. If gold is going to skyrocket and at the same time is going into hiding ... well it isn’t any good news for people. What I don’t understand is fanatism. Gold market I think is rigged more or less like all markets at present. Problem is not to admit or not that gold market is rigged. Problem is to survive in that market. I think is insane for a gold bug to have paper gold allergy. If I had phys gold, well at this right moment I would buy short gold paper like a mad in order to hedge my position (with a tight stop)...and I would buy long gold paper at any favorable momentum spike, becouse paper gold is going to implode perhaps, but in the mean time you gain bucks ready to be spent instead of liquidating a phys asset that a goldbug knows will be hard to obtain in the next future...

 

And now some tech question about automated trading...

I have dwelved deep in zh archives searching for Your talks on the matter

http://www.zerohedge.com/news/2012-11-29/overnight-futures-fat-finger-750mm-notional-one-minute#comment-3019710

http://www.zerohedge.com/article/4-trillion-day-and-50x-leverage-fx-trading-volume-and-risk-dwarfs-equities-and-treasuries#comment-557085

http://www.zerohedge.com/article/euro-surges-expectations-ecb-rate-hike

Indeed it was an open minder to me (I’m a discretionary trader ). I have always read on the net that the best trading system makes a lot of bucks for a while... after that you have to ask the vendor the tuning updates. What seems to me wrong is the approach. It is the holy grail approach. A fx bot has to be able to perform the best in all the seasons. Indeed carbon based traders are specialized in tribes. We have scalpers, momentum traders, swing traders, spread traders and so on.

So could You give me info about what bot do You use and for what purpose (which pair, tf and settings). For what I have understood,

 

About momentum trading,

You usually are long in low spread pairs with forex transporter (eurusd 1h tf, slip 3, tp 25, step 85)

Is possible to use it on goldusd? (at this right moment I’m short on it with this settings: slip 24, tp 224, step 704) (I haved multiplied all for 8 given the different pip value and added the slippage) 

You are usually short with gbpbot with certain settings (I don’t have it – I’ve thinked to buy it on forexmall)

What do You use for a market trapped in a rectangle?

How can I do a proper setting for this robots? What astonish me is that I’ve read a boatload of books about trading but I haven’t yet find a book that is about using forex bots in this way and about bot settings. Even the software houses that build them seem to waste more time at giving them cool names, than building extensive documentation that states what task the bot do and how the bot achieve it.

Thank You and pardon me for the long post.

Thu, 12/06/2012 - 07:13 | Link to Comment Orly
Orly's picture

You're right about big banks but wrong about the dollar and especially wrong about gold.

As for automated trading, I would prefer to talk off the air, if you don't mind.

:D

Thu, 12/06/2012 - 07:53 | Link to Comment boogey_bank
boogey_bank's picture

sure pm eu12015atgmail.com

Thu, 12/06/2012 - 08:08 | Link to Comment AvoidingTaxation
AvoidingTaxation's picture

Orly, your image reminds me of LA Jetée

 

 

http://www.dailymotion.com/video/xz5cs_la-jetee-1962_creation

Thu, 12/06/2012 - 10:10 | Link to Comment CPL
CPL's picture

You might want somewhere more private than email to discuss anything today.  Back room privacy bill passed, all your mail belong to Fed now.

Thu, 12/06/2012 - 07:39 | Link to Comment EscapeKey
EscapeKey's picture

Oh yawn, one fiat currency, backed by other fiat currencies, is stronger than the other currencies, also backed by worthless paper.

You forgot to throw in that "deficits don't matter".

Thu, 12/06/2012 - 07:57 | Link to Comment BigJim
BigJim's picture

The USD has lost value in both nominal (ie, USDX) and absolute terms (purchasing power).

So what the fuck are you talking about?

Thu, 12/06/2012 - 08:00 | Link to Comment EscapeKey
EscapeKey's picture

USDX is bit of a bad measure, as it's in comparison to a basket of currencies which are ALSO following a rapid expansionary policy (and which are backed by "reserves" consisting of the other currencies).

It's a giant circle jerk which inevitably breaks.

Thu, 12/06/2012 - 09:02 | Link to Comment BigJim
BigJim's picture

Indeed, if a person only looks at USDX then in a situation where EVERYBODY is devaluing their currency simultaneously, you wouldn't see any change in USD 'strength'... except you'd be a bit puzzled why you're now paying $10 for a loaf of bread.

Thu, 12/06/2012 - 19:52 | Link to Comment ilovefreedom
ilovefreedom's picture

You saying the USD is strong as it ever was, is like saying a horse is the prettiest horse in the glue factory.

It doesn't mean that the horse won't get turned into glue... maybe if we're lucky we'll be the last currency turned into glue, but with all of the cross held and liable transactions that seems unlikely.

The system only works as long as you have faith, once you lose faith, the USD will be worth more as toilet paper than currency.

Wed, 12/05/2012 - 23:21 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

how much you got?  I'll buy all you got.... ummmm.... physical only....

Thu, 12/06/2012 - 00:45 | Link to Comment Dr. Engali
Dr. Engali's picture

Throughout my investing career,I have found that when everybody is on the same side of the trade ......it is usually the best time to be on the other side.

Thu, 12/06/2012 - 00:29 | Link to Comment Hangfire
Hangfire's picture

Sell gold and buy Apple, hurry before it's too late!

Wed, 12/05/2012 - 23:09 | Link to Comment gjp
gjp's picture

I guess gold isn't an FX reserve, but it be worth showing the reported value of gold reserves in comparison.

Wed, 12/05/2012 - 23:36 | Link to Comment lasvegaspersona
lasvegaspersona's picture

The ECB holds over 60% of its reserves as gold. Started as 30% and without adding any weight is now higher (as the dollar weakens).

Thu, 12/06/2012 - 00:06 | Link to Comment Row Well Number 41
Row Well Number 41's picture

IF you believe them, and if you believe it is unencumbered, and if they are not including paper gold.  It's a lot of big ifs.

 

#41

Thu, 12/06/2012 - 11:18 | Link to Comment marathonman
marathonman's picture

The Fed is holding that gold for them right?  Oh snap!

Wed, 12/05/2012 - 23:12 | Link to Comment SmallerGovNow2
SmallerGovNow2's picture

looks like no "major" change in percentages YOY.  10% variance perhaps (to the downside for dollars).  wake me when it's 30% or a serious acceleration YOY...

Thu, 12/06/2012 - 00:14 | Link to Comment Orly
Orly's picture

Bling!

You deserve a doggy biscuit.

No.  Come on.  It's yours...

Arf!

Thu, 12/06/2012 - 07:15 | Link to Comment Urban Redneck
Urban Redneck's picture

that's only stock, not flow

Wed, 12/05/2012 - 23:20 | Link to Comment Everybodys All ...
Everybodys All American's picture

Bernanke and Obama legacy. 6 trillion in new debt. Another 8 trillion in the next four years. By then the transformation will have happened. Thanks for nothing ...

Thu, 12/06/2012 - 01:05 | Link to Comment Tirpitz
Tirpitz's picture

One man's debt, is another man's asset - in our crazy world.

Where does all the freshly printed money/debt go?

Wed, 12/05/2012 - 23:30 | Link to Comment francis_sawyer
francis_sawyer's picture

More Chinese jews will be needed to kick the ponzi farther forward... Plan B would be to colonize the African continent and somehow seed the idea that somewhere back in ancient history, tribes of pygmies oppressed pious & hardworking jews using their unscrupulous dynastic powers...

Thu, 12/06/2012 - 00:03 | Link to Comment newengland
newengland's picture

magpie,

The corporatists headed by Rothschild, Oppenheimer, the Trilateral Commission ( and their little pets like Rockefeller, Bush, Clintons, Brown, Blair etc) hit the jackpot when they figured out how to define/misrepresent  jew, democracy, equality....at no cost to themselves, whilst they rape the world, pay no tax, and urge the masses to do more, pay more, suffer more...forward to dystopia.

Wed, 12/05/2012 - 23:41 | Link to Comment BraveSirRobin
BraveSirRobin's picture

????

Wed, 12/05/2012 - 23:45 | Link to Comment blunderdog
blunderdog's picture

I gave him a thumbs up for condensing that much crazy into so few words.

Wed, 12/05/2012 - 23:50 | Link to Comment newengland
newengland's picture

The AshkeNAZI are counterfeit jews, according to some true rabbis who see that a hateful warring tribe pushed into Russia chose the Talmud because their ruler was so disgusted with them that he wanted to bring some restraint to their hateful ways.

Clearly, his intentions were good, but the warring hateful tribe continues its inbred psycho ways. Maybe that's why they believe in eugenics and genetically modified food. Psychos seeking to rationalise their hateful ways.

Thu, 12/06/2012 - 06:23 | Link to Comment smacker
Wed, 12/05/2012 - 23:41 | Link to Comment Atomizer
Atomizer's picture

Danske Bank: "A new normal demands New Standards"

 

Looking thru the eyes of hopeful visionaries’, yet already knowing the outcome of a failed plan. Catch 22 bitches!! Someone grab that central planner a box of tissues.

/sarc

Wed, 12/05/2012 - 23:44 | Link to Comment newengland
newengland's picture

The AshkeNAZI gutted Britain and Europe...then took the U.S. in 1913 with the founding of the Federal Reserve Board, a private corporation, despite name.

Now that the AshkeNAZI have gutted the U.S., their globalist agenda moves to the Far East and Africa.

This is the way of the Trilateral Commission, co-founded by Rockefeller and Rothschild, with Oppenheimers and others in the shadows, buying greedy ambitious political dupes and bureaucrats.

 

Wed, 12/05/2012 - 23:54 | Link to Comment Atomizer
Atomizer's picture

Ummm, I'm afraid other families are involved in this state of chaos. As stated, you'll see new unknown faces on teevee.

Wed, 12/05/2012 - 23:56 | Link to Comment newengland
newengland's picture

Fair point, Atomizer.

But the house slave is no different than the field slave, in my opinion.

Thu, 12/06/2012 - 00:17 | Link to Comment GMadScientist
GMadScientist's picture

Spoken like a house nigger.

Thu, 12/06/2012 - 00:23 | Link to Comment Muppet
Muppet's picture

must we?   really?

Wed, 12/05/2012 - 23:47 | Link to Comment blunderdog
blunderdog's picture

As long as we're really totally sure this is a completely accurate metric, I think we USians are all good as long as USD is more than 50%, yo.

Wed, 12/05/2012 - 23:55 | Link to Comment newengland
newengland's picture

:-)

The problem for the insane inbred is that they are playing the same old script. They are that stupid.

Thu, 12/06/2012 - 01:11 | Link to Comment Seer
Seer's picture

If they are really that stupid then how come they own it all?

Granted, at some point the Game will cease, but since they've got no clue or ability to make any radical changes (they are, after all The status quo) then they're just going to keep on doing what they've been doing.

It's up to those who don't crave the levers of power to come through the other side and learn THE LESSON: no centralized power (power corrupts)!

Thu, 12/06/2012 - 01:18 | Link to Comment Democratic koolaid
Democratic koolaid's picture

seer I dont think he was talking specificly about the top brass of society e.g. bankers and other steriotypical bad guys etc.

Centralized power is a good tool for the big scale challenges that are gona require intricate social organizating and more importanly the ability to peirce the bureaucratic organization's rampant threwout grass roots and the "tribal" side of human governence.

Thu, 12/06/2012 - 02:19 | Link to Comment Seer
Seer's picture

"Centralized power is a good tool for the big scale challenges that are gona require intricate social organizating and more importanly the ability to peirce the bureaucratic organization's rampant threwout grass roots and the "tribal" side of human governence."

It's "centralized power" that has created the problems in the first place.

Thu, 12/06/2012 - 01:11 | Link to Comment Democratic koolaid
Democratic koolaid's picture

people love there Kool aid newenland.    http://www.youtube.com/watch?v=ry-rTHOpgxE

Thu, 12/06/2012 - 00:06 | Link to Comment newengland
newengland's picture

RE: gold.

The latest move is a shake down. The gangster banksters use scare tactics...and pick up the pieces on the cheap when the weak hands let go.

Thu, 12/06/2012 - 01:07 | Link to Comment Democratic koolaid
Democratic koolaid's picture

Corperate America is the ones with the strong hands holding the wealth.  The "weak Hands" are the people and governemt institutions that have been milked of their wealth. This is part and parcell to  Ralph Nader and the soviet double spy ayn rand.

Thu, 12/06/2012 - 01:19 | Link to Comment Seer
Seer's picture

Huh?

Further, just what exactly is "wealth" anyhow?

The "wealth" that many think exists only exists as part of the failing game.  When the game is finished what is considered "wealth" is going to be drastically different: I'll wager that it won't be iCrap, HDTVs and Hummers.  "Corporate America" (big corporations in particular) will fail: shareholders can't allow there to be any significant changes lest they threaten returns, in which case it'll continue to push farther and farther into the abyss.

Thu, 12/06/2012 - 01:28 | Link to Comment Democratic koolaid
Democratic koolaid's picture

wealth is security and moreover it is power.

http://www.motherjones.com/politics/2011/02/income-inequality-in-america-chart-graph

 

lol "Corporate America" (big corporations in particular) will fail"

Corperations are gona asume the governments position in society.

"it'll continue to push farther and farther into the abyss." What a rhetorical statement, yawn.

 

Thu, 12/06/2012 - 02:16 | Link to Comment Seer
Seer's picture

Mother Jones is a political rag.  It can only see with political glasses.

It's all basing the future on the past.  And while there are similarities, there's also a TON of differences, differences that don't provide the same game board.

"wealth" is what people make of it.  And yes, one could say it is security.  But... Food, Shelter and Water- these are the REAL things of "wealth" then.

"Corperations are gona asume the governments position in society." (BTW - is your spell checker broken? kind of hard to take someone seriously when they're advocating for something that they misspell)

Would that be like HP?  Or, how about FaceBook?  Apple?  (Channel-stuffing) GM?

They make WIDGETS! (most of which are in growth decline- refer to the fact that broke people can't buy stuff anymore)  As much as I detest "government," only "government" can really be "government."  Corporations are all about returns to shareholders, they (unless they are not-for-profit, though any that are BIG are highly questionable because, well because they are BIG) would get so mired in any governing activities that any apparent "productivity" would turn to shit.

The ONLY possible way that your suggestion could even come close is with the financial and "defense" sectors to merge.  But... these folks HAVE to have something like the govt to in order to force money out of citizens.

Long-term it won't work because modern corporations are based on a global economy, an economy which relies on cheap energy.  None of those power-house American corporations are going to be shit w/o access to necessary materials and energy.

When people are broke it's going to be hard to get them to buy stuff, or to pay taxes.

BIG = FAIL, this doesn't just apply to govts...

Thu, 12/06/2012 - 02:18 | Link to Comment Democratic koolaid
Democratic koolaid's picture

"It's all basing the future on the past." lol that is something someone says when they cant dispute the facts.
"TON of differences" give me a few for some context seer?

attack my grammer if you like since it is one of your ownly points of validity.

I am not going to elaborate to extensively but i will give one example for sake of debate. Microsoft for instance is participating with governments in Africa to spearhead education and other social issues.
http://blogs.technet.com/b/microsoft_on_the_issues_africa/archive/2012/06/29/guiding-hand-helping-north-african-youth-to-fulfil-their-potential.aspx

your interpretation of my comments are cynical and i can conclude a result of a few preconceived notions. your "the financial and "defense" sectors to merge" clearly demonstrates you think that december 21st 2012 is doomsday. Lay of the Koolaid seer...

Thu, 12/06/2012 - 01:31 | Link to Comment Democratic koolaid
Democratic koolaid's picture

 

 

Thu, 12/06/2012 - 11:51 | Link to Comment blunderdog
blunderdog's picture

   just what exactly is "wealth" anyhow?

It's a virtual token for social control.

Thu, 12/06/2012 - 01:28 | Link to Comment Seer
Seer's picture

"pick up the pieces on the cheap when the weak hands let go"

This isn't allowed?

Isn't this what everyone here is saying also?

Look at all the crap that the Fed is holding.  Is this really a good hand?  Maybe during the bubble run-up, but going forward this stuff is mostly going to depreciate and decay: it was always going to happen; one could say that it is really one big controlled collapse, in which case one has to admire it in this context (I don't believe that a quicker collapse would have made things better because there is no "returning" back to some cycle- it was always about jumping into a completely different future).

So, my point is that I've never seen any logic in TPTB owning it all.  When no one has chips in the game I'm not thinking that the game is really going to be well participated.  And when an overwhelming number of people are disenfranchised it only spells disaster for those in control (this is one thing that history won't allow to be changed).  TPTB maintain their control because people play Their game.

Thu, 12/06/2012 - 01:37 | Link to Comment Democratic koolaid
Democratic koolaid's picture

The world is not going to collapse as Holywood might have you feel but I do suspect there will be some sort of de-inflation if infact growth everywhere is stunted (supply and demand economics).  Capitalistic enterprises have many chips in the game seer and especialy with the consumerism side of profitearing that is the life blood of the amass of stocks on forsay the NASDAQ.

Thu, 12/06/2012 - 02:14 | Link to Comment Seer
Seer's picture

"The world is not going to collapse as Holywood might have you feel"

Who is Holywood?

I deal in pure logic and reason.

Your position DEMANDS that there is a continuance of our 150 year fossil-fuel-driven bonanza (which encompasses NASDAQ and the like).  Since roughly 200 b.c. we've known the earth is round, which means that it's finite (it's measurable).

Not only will growth be stunted, but it will cease.  To take the other side means you don't believe the planet is round, that it isn't finite.  That's a position that just doesn't map logically.

The ONLY things that humans have to consume is food and water (and air- air is kind of a given, though we're kind of pushing it).  Margins here are pretty tough: I've got a bit of an idea as I do a bit of farming.  Not a lot of excess to toss around to fat cats sitting at board tables.

Thu, 12/06/2012 - 02:33 | Link to Comment Democratic koolaid
Democratic koolaid's picture

"Who is Holywood?"  my point exactly.

"I deal in pure logic and reason." If that was infact true you would have given more value to information presented from the "Mother Jones" website rather then simply calling it a  "political rag."  I think that is the definition of a hypocrite.

I did not acert anything about "a continuance of our 150 year fossil-fuel-driven bonanza" I was refering to Governence of people and state.

I used "stunted" in terms of a cyclical cycle and that infact is what you are serving back up to me verbatim. "(supply and demand economics)." caugh.

stick to farming seer! 

Thu, 12/06/2012 - 01:04 | Link to Comment Democratic koolaid
Democratic koolaid's picture

The Fiat currency !!!  lol.

Thu, 12/06/2012 - 01:42 | Link to Comment Democratic koolaid
Democratic koolaid's picture

people who complain about the rich are mad they cant figure out the system?

Thu, 12/06/2012 - 02:05 | Link to Comment JLee2027
JLee2027's picture

USD 62% in "Official" reserves. And everyone in charge is lying through their teeth, like the "Official" gold reserves. Unofficially all we can conclude is the black market grows bigger every day. Keep stacking.

Thu, 12/06/2012 - 03:30 | Link to Comment zilverreiger
zilverreiger's picture

Thins stinky graph choice skews the whole effect for the worse. Terrible infograph.

Thu, 12/06/2012 - 06:10 | Link to Comment Cunnial
Cunnial's picture

Wow, this Gold banter is getting old... Buy gold, sell dollar, fiat this fiat that... rinse, repeat day after day after day... snore. 

Thu, 12/06/2012 - 09:44 | Link to Comment Orly
Orly's picture

But one day...
you'll see.
One day...

Thu, 12/06/2012 - 07:26 | Link to Comment egoist
egoist's picture

I like the graphic (despite what some others have said). Interesting, what's going on in the "Emerging..." econs; that some companies are betting the farm on.

Fri, 12/07/2012 - 06:29 | Link to Comment smart girl
smart girl's picture

Thank you Zero Hedge and Addogram! (heartfelt Love) You are AMAZING!

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