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Subliminal Message Hidden In Global Central Bank Reflation Effort Exposed

Tyler Durden's picture


By now it is no secret that in the past decade, the "Big 6" global central banks have boosted their combined balance sheet by an unprecedented $11 trillion, from $3 trillion to over $14 trillion, just as it is no secret anymore that the only reason the global market trades where it does is courtesy of the "flow" or liquidity generated as a result of this unprecedented intervention, whose inevitable outcome is eventual inflation. What, however, was hidden in plain sight, was the chart responsible for this massive stock market surge, which has seen the S&P double in the past 4 years (if go nowhere in the past decade). Luckily, we now have "deciphered" the subliminal message contained in the global central bank liquidity "flow", which is shown as the deep blue line in the chart below. Technicians have a specific name for the pattern that has emerged: "the middle finger formation" and while others can call it by a plethora of other names, the central bankers' message to the rest of the world is now plain for all to see.

Source: Diapason Commodities


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Fri, 02/08/2013 - 12:49 | 3226086 Buckaroo Banzai
Buckaroo Banzai's picture

Subliminal? Who needs subliminal anymore?? It's pretty fucking bliminal, if you ask me.

Fri, 02/08/2013 - 12:54 | 3226110 trav777
trav777's picture

wow, so the market was fluffed up by the CBs?


Fri, 02/08/2013 - 13:32 | 3226273 Middle_Finger_Market
Middle_Finger_Market's picture


Fri, 02/08/2013 - 13:41 | 3226315 Colonel Klink
Colonel Klink's picture

Damn that's a great screen name.

Fri, 02/08/2013 - 16:20 | 3226924 NotApplicable
NotApplicable's picture

I'm sure the MSM will play this as making life easier for the fed, since now they won't have to someday "sop up excess liquidity" by tightening. Now it all just evaporates the instant it's exposed to the aether.

Fri, 02/08/2013 - 13:52 | 3226367 Sunshine n Lollipops
Sunshine n Lollipops's picture


Fri, 02/08/2013 - 13:04 | 3226156 CcalSD
CcalSD's picture


Fri, 02/08/2013 - 13:30 | 3226267 dontgoforit
dontgoforit's picture

Will you have some Dom LSD with that?

Fri, 02/08/2013 - 12:49 | 3226090 Joe Davola
Joe Davola's picture

Take it away, LSL

Fri, 02/08/2013 - 12:49 | 3226091 surfersd
surfersd's picture

It's Bush's fault.

Fri, 02/08/2013 - 12:52 | 3226100 PUD
PUD's picture


Fri, 02/08/2013 - 13:29 | 3226263 dontgoforit
dontgoforit's picture

....and don't forget dog poop piles in the yard...

Fri, 02/08/2013 - 12:54 | 3226106 Yen Cross
Yen Cross's picture

 Classic! That's worthy of a screen shot to email to all the liberal entitled fucktards, I have the displeasure of knowing.

Fri, 02/08/2013 - 15:58 | 3226830 NotApplicable
NotApplicable's picture

You'd only confuse them. Besides, they are always clamoring for more money, so likely they'd focus on "growth" while not having a clue about the lack of liquidity generated.

Fri, 02/08/2013 - 12:54 | 3226108 Mongo
Mongo's picture

Time for another push?



Fri, 02/08/2013 - 13:00 | 3226138 outamyeffinway
outamyeffinway's picture

Goldfinger pleez!

Fri, 02/08/2013 - 12:55 | 3226115 PAWNMAN
PAWNMAN's picture

OH NO! Not the dreaded middle finger pattern! I wasn't the least bit concerned until I saw that!

Fri, 02/08/2013 - 14:37 | 3226122 CaptainSpaulding
CaptainSpaulding's picture

Subliminal message..As in I burried Paul?

Fri, 02/08/2013 - 16:14 | 3226898 NotApplicable
NotApplicable's picture

Coo Coo Catchoo.

Fri, 02/08/2013 - 12:58 | 3226128 adr
adr's picture

So the entire surge in the equity market wasn't due to increased production and a healthy consumer??!!???




The sad part is people do believe the economy actually got better over the past four years.

Fri, 02/08/2013 - 13:23 | 3226238 fockewulf190
fockewulf190's picture

Print that chart out a few billion times and give it to everyone living on a dollar a day. At least they will know what the reason is for their upcoming starvation.

Fri, 02/08/2013 - 14:06 | 3226437 nightshiftsucks
nightshiftsucks's picture

Well ADR at least Obama didn't come in your mouth.....or did he ?

Fri, 02/08/2013 - 13:00 | 3226135 reader2010
reader2010's picture

One Nation Under Fraud.  The message is it's your "patriotic duty" to BTFD.

Fri, 02/08/2013 - 14:49 | 3226555 hooligan2009
hooligan2009's picture

30 years on from 1981..we boomed from many years before the start of the next real boom?

Fri, 02/08/2013 - 13:01 | 3226143 Seasmoke
Seasmoke's picture

BOHICA for Bens finger

Fri, 02/08/2013 - 13:04 | 3226151 frenchie
frenchie's picture

friday humor ?

Fri, 02/08/2013 - 13:04 | 3226152 fromthedeepersouth
fromthedeepersouth's picture

What's happening is that while the little guy is getting out of the stock market in order to preserve his assets...the primary dealers are buying stocks curteousy of the money the fed gives them by buying up trash debt.  What we're seeing folks is a wholese purchae of our economy by a very small elite group of people who in the end will own a grotesque amount of wealth.  One question is whether this is intentional or a simple consequence of what's happening.  Once the little people figure out what's happening, they'll try to stop it but the elite who have control of the government will suppress them.  The only real question is when the people have had enough and put an end to it  all. 

Fri, 02/08/2013 - 14:52 | 3226569 JohnG
JohnG's picture

It's intentional. 

No doubt.

Fri, 02/08/2013 - 16:23 | 3226939 RockyRacoon
RockyRacoon's picture

It's a well established fact that in the beginning of an inflationary period the first users of the new money are the ones who benefit.  We are seeing that phase now.  Won't be long until the inflation works its way even more into the general economy.  By that time the crooks will have made the most of the windfall.

Got gold?

Fri, 02/08/2013 - 18:12 | 3227357 tsx500
tsx500's picture

got lead ?

Fri, 02/08/2013 - 13:04 | 3226157 bania
bania's picture

didn't even need WB7 to make this one

Fri, 02/08/2013 - 13:09 | 3226173 Yen Cross
Yen Cross's picture

    This link, along with the above article might be of use to a few patrons of Z/H. Find Your Representative ·


Fri, 02/08/2013 - 13:27 | 3226253 suteibu
suteibu's picture

Yeah, because your representative is not influenced by nor indebted to the owners of the central banks nor are they in a position to know what is going on in the world of national and global finance.  That's the only reason this scheme has not been stopped so far and so it is our duty to inform them of this problem and then rest easily knowing that they will now make some immediate and needed reforms.

Fri, 02/08/2013 - 13:34 | 3226283 Yen Cross
Yen Cross's picture

  You actually think your representative understands "Global Finance"? Where the fuck have you been for the last 30-40 years?

Fri, 02/08/2013 - 13:38 | 3226305 suteibu
suteibu's picture

Watching America go to crap because of our witless and bought representatives.  Where the fuck have you been?

Fri, 02/08/2013 - 13:42 | 3226324 Yen Cross
Yen Cross's picture

 Thanks for showing some sign of intelligent life.

Fri, 02/08/2013 - 13:49 | 3226355 suteibu
suteibu's picture

LOL.  Let me know how your representative responds to your plaintive calls for help.  It will undoubtedly come with a donation form.  You know, pay for play, though I doubt you will have the sway of the CB owners.  That said, hope springs eternal, right?

Fri, 02/08/2013 - 14:14 | 3226463 Yen Cross
Yen Cross's picture

 The response is inconsequential. It's all about self satisfaction. ;-)

Fri, 02/08/2013 - 14:14 | 3226462 WillyGroper
WillyGroper's picture

Why do they have to when it's obvious they suck the teat of the banksters & multinationals?

See Neil Barofsky

Fri, 02/08/2013 - 13:14 | 3226175 Mike in GA
Mike in GA's picture

Even with all that orange ink, all we have is high unemployment, faltering GDP and rising food & fuel prices.

But all POTUS and his socialist/fascist/whatever-kind-of-moocher-they-are 'Party' want to do is raise taxes and make homosexuality the law of the land and in the Boy Scout organization. 

And Hillary Clinton is the most popular politician right now?!

America is well and totally circling the drain fucked.

Fri, 02/08/2013 - 13:18 | 3226210 W74
W74's picture

Scouts was awesome for me as a kid.  It really helped me grow into a decent young man and provided a major outlet for my energy.  Friends there were great, most of us stuck around for the entire 8 years.  We went camping every month and developed both skills and character. 

There were no gays: none of the kids and all of the adults had a reason for being there like having their own kid in the troop or being the guy who founded it (who's kid was in it at one time).  No one touched anyone, and all the adults were men of character who led good lives, held good jobs and took care of their families.  It was all subtle but looking back on it it was great to have an entire community of good-examples.

Now?  If I had kids I sure as hell wouldn't let them join scouts today.  What a sorry excuse for an organization it's become in just the last decade alone.  Politics and media have really turned it around for the worse.

Fri, 02/08/2013 - 13:23 | 3226241 donsluck
donsluck's picture

No honest gays you mean. And what does that have to do with "no one touched anyone" pedophilia? The downfall of the Scouts was the same as the Catholic clergy, protection for the perp and silencing of the victim.

Fri, 02/08/2013 - 13:27 | 3226250 dontgoforit
dontgoforit's picture

That's what the BSA meant to me, too.  It was great - and honestly, we learned how to survive: Be Prepared.  Great instruction from the BSA - Loved it!  My kids, too.

Fri, 02/08/2013 - 13:38 | 3226302 Colonel Klink
Colonel Klink's picture

That was my experience with the Scouts too.

Fri, 02/08/2013 - 14:12 | 3226453 OpenThePodBayDoorHAL
OpenThePodBayDoorHAL's picture

I was a Cub Scout and our "denmother" was my friend's dad. I recall a lot of "adjustments" he seemed to make to my underwear, here let me help you aren't they a little tight? Now my friend is a gay poet living in san francisco

Fri, 02/08/2013 - 15:12 | 3226653 MrPalladium
MrPalladium's picture

Back when I was in the cub and then boy scouts in the late 1950s I did not even know that homosexuality existed.

Fri, 02/08/2013 - 13:21 | 3226223 donsluck
donsluck's picture

Rant on. -1 for making no sense at all.

Fri, 02/08/2013 - 13:08 | 3226178 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

That's pretty funny.

Need a LongSoupLine comment.

Fri, 02/08/2013 - 13:49 | 3226354 Mi Naem
Mi Naem's picture

Since he seems not to be available at the moment, perhaps I can help:

Fuck you fucked fuckers.  Fuckin' fuck the fucked Fuckers' fuck fucks!

Yep.  That'll just about do it. 

Fri, 02/08/2013 - 14:09 | 3226446 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

There you go.

Fri, 02/08/2013 - 13:08 | 3226179 orangegeek
orangegeek's picture

Would you like fries with your order?

Fri, 02/08/2013 - 13:11 | 3226185 ShankyS
ShankyS's picture

Thus the HnS is predicting liquidity to basically stop or disapear. Of course a good technicians knows over the past three years right shoulders have become nothing more than bear trap bull launching pads. GL with this one CB's. I suggest you know that falling objects are closer then they appear in the mirror.

Fri, 02/08/2013 - 13:22 | 3226232 HurricaneSeason
HurricaneSeason's picture

That isn't a true Austrian Middle Finger Formation because there is no thumb.

Fri, 02/08/2013 - 13:40 | 3226311 Colonel Klink
Colonel Klink's picture

Nope, because that part is up Holder's ass!

Fri, 02/08/2013 - 13:24 | 3226243 dontgoforit
dontgoforit's picture

Plain as the shit on the nose on your face! 

Fri, 02/08/2013 - 13:31 | 3226271 Lost Wages
Lost Wages's picture

Central Bankers are so rude.

Fri, 02/08/2013 - 13:35 | 3226289 americanspirit
americanspirit's picture

Actually the American "thumbs up" gesture is the equivalent of the raised middle finger in much of the Muslim world. Both translate roughly to "Sit on this and spin MF".

Well, we are definitely sitting and spinning. And when you look closely at the graphic it suggests that we're all about to get fisted. Ouch.

Fri, 02/08/2013 - 13:54 | 3226384 tempo
tempo's picture

I don't care, just give me financial aid , medicaid,food stamps and meaningless sitcoms for life. Thank you central bankers for the good life.

Fri, 02/08/2013 - 13:58 | 3226399 larz
larz's picture

for us old schoolers thats the fickle finger of fate

Fri, 02/08/2013 - 13:59 | 3226407 realtick
realtick's picture

That's too fucking funny

Fri, 02/08/2013 - 14:04 | 3226426 Quinvarius
Quinvarius's picture

And to think the only reason Congres ever even authorized these tards was to make sure they were backing the fiat with enough gold and to keep the banks from straying off of that standard into bankruptcy.

Fri, 02/08/2013 - 15:18 | 3226673 hooligan2009
hooligan2009's picture

i look at this way (i make no warranties for validity, look at it your own way).

one in four people in the world, work in the world's private sector - give or take.

14 trillion dollars represents the central banks contribution via money printing (so far) to cover the shortfall in averting global starvation.

40 trillion dollars represents the accumulated government debt from the top 20 countries (37 trillion from the CIA factbook on wiki plus around 9% for the last two years:

in other words, the "fail" of the political and economic model currently in use is 54 trillion dollars and counting.

54 trillion represents the shortfall so far, so the 1/4 in work have to work harder to make that up and then cover off increases from here (10 trillion a year, with the US Japan and Europe at two trillion each in money printing and government debt?)

there are 7 billion on the planet, so 1 in 4 (if correct) means 1.75 billion in work. the 5.25 billion are running up a very large bill of 54 trillion divided by 5.25 billion = $10,000 for each of those not working and 54 trillion divided by 1.75 billion for those that are working = $30,000.

the debt being run up by the three quarters not working, if deficits are ten trillion a year, is c. $6,000 per worker and c. $2,000 per non-worker.

the banking and democratic mobocracy systems cannot work without generating a surplus from the private sector in work equal to the amount of money printing and fiscal deficits.

the solution is to split banks up into money transmission mechanism which can be nationalized (globally or regionally or by county or state or city) and let hedge funds, prop desks and investment banks compete to more efficiently allocate capital to the private sector. 

right now, central banks need to buy up all government and local/muni debt up and simply cancel it.

Fri, 02/08/2013 - 16:16 | 3226903 kevinearick
kevinearick's picture

the solution is to split banks up into money transmission mechanism which can be nationalized (globally or regionally or by county or state or city) and let hedge funds, prop desks and investment banks compete to more efficiently allocate capital to the private sector.


:); as we have seen, the latter are extensions of the former. ironically, Tyler has offered a prototype solution, and nearly all, including ZHers, have directly or indirectly shot it, themselves, down....becuase, ultimately, the vast majority benefits from belonging to peer pressure groups, which penalizes independent labor, work. Labor walked out, so capital locked it out, and itself in.

Fri, 02/08/2013 - 16:30 | 3226970 RockyRacoon
RockyRacoon's picture

54 trillion represents the shortfall so far, so the 1/4 in work have to work harder to make that up and then cover off increases from here (10 trillion a year, with the US Japan and Europe at two trillion each in money printing and government debt?)

Uh, maybe.  That working population will suddenly repudiate said debt.  Nobody knows when or how quickly, but they will. Then what?

I'd say justice will prevail at that point.


Odious debt

In international law, odious debt is a legal theory that holds that the national debt incurred by a regime for purposes that do not serve the best interests of the nation, should not be enforceable. Such debts are, thus, considered by this doctrine to be personal debts of the regime that incurred them and not debts of the state. In some respects, the concept is analogous to the invalidity of contracts signed under coercion.

When a despotic regime contracts a debt, not for the needs or in the interests of the state, but rather to strengthen itself, to suppress a popular insurrection, etc, this debt is odious for the people of the entire state. This debt does not bind the nation; it is a debt of the regime, a personal debt contracted by the ruler, and consequently it falls with the demise of the regime. The reason why these odious debts cannot attach to the territory of the state is that they do not fulfill one of the conditions determining the lawfulness of State debts, namely that State debts must be incurred, and the proceeds used, for the needs and in the interests of the State.   Odious debts, contracted and utilized for purposes which, to the lenders' knowledge, are contrary to the needs and the interests of the nation, are not binding on the nation – when it succeeds in overthrowing the government that contracted them – unless the debt is within the limits of real advantages that these debts might have afforded. The lenders have committed a hostile act against the people, they cannot expect a nation which has freed itself of a despotic regime to assume these odious debts, which are the personal debts of the ruler.

Fri, 02/08/2013 - 17:13 | 3227176 hooligan2009
hooligan2009's picture

uh huh...don't you love the smell of napalm in the mornings! gooooooooood morning veneuela!!

corzine just landed a job in caracas where his maracas can shake as much as they need to, to vaporize debt.

Fri, 02/08/2013 - 16:04 | 3226844 kevinearick
kevinearick's picture

yeah, $30T should do it...syringe nurse...gotta keep the Zombie job credit going; can't let the movie stop on that Dreamliner or the passengers will realize they are in a leverage nosedive, I mean slight velocity deceleration.

What's the tax base in California look like again?

Oregon Democrats! Tell me you're kidding.

Fri, 02/08/2013 - 16:41 | 3227011 steve from virginia
steve from virginia's picture



Funny, but FACTUALLY incorrect.




"By now it is no secret that in the past decade, the "Big 6" global central banks have boosted their combined balance sheet by an unprecedented $11 trillion, from $3 trillion to over $14 trillion, just as it is no secret anymore that the only reason the global market trades where it does is courtesy of the "flow" or liquidity generated as a result of this unprecedented intervention, whose inevitable outcome is eventual inflation."


The combined balance sheets of the central banks represent a fraction of the private sector deleveraging. In other words, the private sector shrinks faster than the public sector expands. Non-performing private sector loans are shifted to the public sector's balance sheet. There is no 'new money' created by the process. 


Money expands by way of unsecured loans in the private sector: those made without collateral or using collateral that has been repledged from elsewhere. What the public sector does is provide moral hazard for private sector lenders, bailing them out when they fail. Under the circumstances, there is no penalty for the private sector enterprises to lend to speculators and into ponzi schemes as these offer high returns: the ponzi schemes providing yield to the shills.


There is no inflation b/c borrowers default faster than defaulted loans can be repositioned. With hundreds of trillions of dollars worth of loans to deleverage first ... there is a long way to go before there is any inflation.




Fri, 02/08/2013 - 17:48 | 3227166 hooligan2009
hooligan2009's picture

...PhD economists say that the government sector surplus or deficit is simply the mirror image of the provate sector. oops..that is a propos of nothing..i think i just fell into MSM dog(poop)ma

Sat, 02/09/2013 - 03:56 | 3228325 Hobie
Hobie's picture

They're just flipping the bird (again).

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