• 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...

Putting America's Tax Hike In Perspective

Tyler Durden's picture


One of those occasions when one picture really does speak a thousands words.

Houston, we may have a spending problem.

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Tue, 01/01/2013 - 11:06 | 3111899 tsx500
tsx500's picture


Tue, 01/01/2013 - 11:20 | 3111931 GetZeeGold
GetZeeGold's picture



Forward has just been changed to free fall.

Tue, 01/01/2013 - 11:27 | 3111943 Middle_Finger_Market
Middle_Finger_Market's picture

Free fall to free for all. 

Tue, 01/01/2013 - 11:57 | 3112038 CH1
CH1's picture

We're saved!!!

All hail our whorish overlords!!

Tue, 01/01/2013 - 12:39 | 3112157 knukles
knukles's picture

Now we resume our regular programming.


(Congrats, Tyler.  Linked from Drudge... gettin' mainstream recognition.  Long way from shat upon by CNBS.... Happy New Year)

Tue, 01/01/2013 - 12:40 | 3112161 francis_sawyer
francis_sawyer's picture

1 step FORWARD... 1000 steps back

Tue, 01/01/2013 - 13:03 | 3112215 jekyll island
jekyll island's picture

Damn, gotta get me one of them central banks.  Do you know how I can get an application?  

Tue, 01/01/2013 - 13:13 | 3112237 economics9698
economics9698's picture

You have to be of sub human linage and a worshiper of sticks and twigs.


Tue, 01/01/2013 - 13:20 | 3112257 SafelyGraze
SafelyGraze's picture



budgets grow exponentially, so the data should always be displayed on a log scale to be meaningful

Tue, 01/01/2013 - 14:32 | 3112409 Muppet Pimp
Muppet Pimp's picture

Look at what they have done since they killed JFK:


1 month after his death silver dropped from 90% to 40%, and five years later no more silver in coins.

These are not coincidences, we were infiltrated.  The numbers speak for themselves.

The 'war on poverty' is code for implementing communism by getting everyone on the teat.

Can you hear me now?

Tue, 01/01/2013 - 15:29 | 3112546 Richard Chesler
Richard Chesler's picture

Let us face Mecca five times a day and intone "In debt we trust".

Tue, 01/01/2013 - 16:22 | 3112690 economics9698
economics9698's picture

Substitute 33 Liberty Plaza for Mecca. 

Tue, 01/01/2013 - 17:20 | 3112819 This just in
This just in's picture

QUick! SOmeone find out what Justin Bieber thinks about all of this!

Tue, 01/01/2013 - 17:39 | 3112867 putaipan
putaipan's picture

to paraphrase the best post i saw left here last year- "it's almost like somone hatched this plan at a secrtet meeting on a secluded island somewhere"

Tue, 01/01/2013 - 19:49 | 3113161 Michaelwiseguy
Michaelwiseguy's picture

As the world turns and the probability of ever paying back the national debt drops to zero, on a long enough timeline.

Tue, 01/01/2013 - 22:00 | 3113176 CPL
CPL's picture

Once you hit 100% GDP, which everyone is now, that's the point of no return.


All that's happening now is people are taking bets when the train hits the mountain.  Fast or slow, doesn't matter, the train is destroyed and nobody gets to ride anymore.

Tue, 01/01/2013 - 20:41 | 3113250 GOLDTRADERRR

No need to consult with Justin Bieber.

Honey Boo Boo is the 'go to' girl for economic advice.


Tue, 01/01/2013 - 13:14 | 3112241 Enslavethechild...
EnslavethechildrenforBen's picture

Cops need to arrest the real criminals and leave their victims alone. What we really need to do as a nation is place all the cops under citizens arrest, then remove the criminals from office.

Tue, 01/01/2013 - 20:41 | 3113254 GOLDTRADERRR

Who is this 'we' you speak of Kemo Sabe?

Who makes the first move?

And how many of you can 'we' count on to cover our backs

when the lead starts flying?


Tue, 01/01/2013 - 23:19 | 3113752 Ranger4564
Ranger4564's picture

I couldn't agree more.  1000000000+ to you.

Wed, 01/02/2013 - 01:48 | 3114133 caconhma
caconhma's picture

America, Charge!


We are fucking doomed.

Tue, 01/01/2013 - 14:09 | 3112359 Harbanger
Harbanger's picture

It's best to just follow what the central banks are doing. Slowly accumulate real assets and become your own central bank.

Tue, 01/01/2013 - 20:04 | 3113200 brettd
brettd's picture

And stay out of debt.

Tue, 01/01/2013 - 23:47 | 3113799 honestpolitician
honestpolitician's picture

OK...just askin...why stay out of debt....with interest rates on Refi at 2.75 on 15 yr fixed why not take out as much equity as possible from your house and reinvest elsewhere?  I think these rates will climb before year end and numbers like these will not be seen again in my lifetime.

Tue, 01/01/2013 - 15:36 | 3112565 SilverDOG
SilverDOG's picture

jekyll island,


No application.

An ounce at a time.

"Keep stacking my friends"

Tue, 01/01/2013 - 13:04 | 3112219 Popo
Popo's picture

 The reality is inescapable:  America will do nothing do slow down or change course.  Stick a fork in America.  She's done.  

Tue, 01/01/2013 - 13:13 | 3112238 nmewn
nmewn's picture

Popo...we've told them so many times it's probably not worth telling the ignorant & blind assholes again, but for the one millionth time...it's a spending problem not a funding problem!

Tue, 01/01/2013 - 14:21 | 3112390 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 trillion.  But, a trillion ain't what it used to be.

Tue, 01/01/2013 - 15:34 | 3112562 centerline
centerline's picture

It's a math problem.  Ponzi schemes eventually implode.

Tue, 01/01/2013 - 15:43 | 3112588 eatthebanksters
eatthebanksters's picture

QE baby!  What' a little inflation when the world is facing financial meltdown?

Tue, 01/01/2013 - 19:14 | 3113087 boogerbently
boogerbently's picture

If inflation is all we need to worry about, buy EVERYTHING on credit.

Dollars (wages) will increase while debt will remain the same.

Tue, 01/01/2013 - 17:09 | 3112800 Radical Marijuana
Radical Marijuana's picture

It is a spending problem because the money spent gets made out of nothing as debts.

For those able to make money out of nothing, every possible excuse is a "good idea."

Wed, 01/02/2013 - 00:44 | 3113972 DaveyJones
DaveyJones's picture

I wish we were still in the present progressive

Tue, 01/01/2013 - 19:11 | 3113083 foofoojin
foofoojin's picture

on the flip side, people do receive entitlements, by others accord, or out of others stupidity. by a gun to others head.


Tue, 01/01/2013 - 20:25 | 3113240 tenpanhandle
tenpanhandle's picture

I willingly pay taxes to stay out of prison.

Tue, 01/01/2013 - 21:55 | 3113538 Captain Kink
Captain Kink's picture

And there you have it....there it is.  

I hate myself for feeding the beast in this way.  

But I have kids.......the fact is that I should refuse and suffer the consequences BECAUSE I have kids!

Tue, 01/01/2013 - 22:43 | 3113686 FeralSerf
FeralSerf's picture

They sound more like hostages than kids.

Wed, 01/02/2013 - 02:53 | 3114187 Liberty2012
Liberty2012's picture

You would be refusing the current payment system, not the taxes. It happened in the Depression. WSJ ran on article on it a few years back. There were various forms of money around the country. Most seemed to involve getting several signatures on a note/check before redeeming - apparently an attempt to reverse the ponzi - making sure value was actually occurring. Some were just additional currency - even "ten cent" sea shells in a town in California.

Wed, 01/02/2013 - 02:51 | 3114188 Liberty2012
Liberty2012's picture

Sorry - double post

Tue, 01/01/2013 - 12:42 | 3112170 boogerbently
boogerbently's picture

Now we resume our regular programmed spending.

Tue, 01/01/2013 - 14:09 | 3112365 goldfish1
goldfish1's picture

A link from drudge is a death knell. so sorry to have to look at zh as infiltrated and ultimately owned.

Tue, 01/01/2013 - 17:07 | 3112795 Lore
Lore's picture

Agreed -- A link from Drudge is NOT a compliment

Tue, 01/01/2013 - 17:19 | 3112818 tickhound
tickhound's picture

We should welcome all willing Drudgies into de-tox.

Tue, 01/01/2013 - 17:49 | 3112891 Miffed Microbio...
Miffed Microbiologist's picture

Without Drudge I never would have found ZH. Okay, no not many will make the effort and figure it out but some may. Without ZH I can imagine where I would be now....a fatter sheep ready for the slaughter.


Tue, 01/01/2013 - 18:52 | 3113045 monkeyshine
monkeyshine's picture

They shoot rabid dogs too. And wild monkeys.

Wed, 01/02/2013 - 04:17 | 3114254 1fortheroad
1fortheroad's picture

I dont know about wild monkeys.

Tue, 01/01/2013 - 19:40 | 3113145 Ima anal sphincter
Ima anal sphincter's picture

Multitudes of Mutton.

Breakfast, Lunch, and Dinner for the banker wolves.

Wed, 01/02/2013 - 06:19 | 3114319 Anasteus
Anasteus's picture

Benny, we may have a spending problem.

Tue, 01/01/2013 - 13:51 | 3112329 Snakeeyes
Snakeeyes's picture


Tax increases 5.7% of deficit and tax increases to spending cuts = 44:1 ratio.

Summary: no spending cuts, trivial tax increases (for gov't ravenous appetite, that is!)


Tue, 01/01/2013 - 18:09 | 3112935 azzhatter
azzhatter's picture

Keep obama in president

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