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The 'Other' Parabolic Chart That Has Central Bankers Running Scared

Tyler Durden's picture




 

Presented with no comment...

 

and its not just 'search',

 

But remember - Barroso said "the worst of the crisis is over"

 

Source: Google

 

(h/t Ian T)

 

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Wed, 04/03/2013 - 12:25 | 3403785 McMolotov
McMolotov's picture

Holy parabola, Batman!

Wed, 04/03/2013 - 12:27 | 3403787 Pinto Currency
Pinto Currency's picture

The action in Cyprus and the revelation that the BIS / IMF / EU / Cdn Gov etc., etc. plan to confiscate cash deposits to protect distressed banks may lead to depositors withdrawing enough cash that banks are forced to sell bonds/debt to raise further cash.

This could be the trigger that raises interest rates and sets-off a crisis.

Wed, 04/03/2013 - 12:28 | 3403797 McMolotov
McMolotov's picture

I anxiously await the day that I come to ZH only to find the deer-in-headlights picture and a snarky caption from Tyler.

Wed, 04/03/2013 - 12:33 | 3403824 nope-1004
nope-1004's picture

Cdn gov't now willing to confiscate your money.  Page 144 and 145.

 

www.budget.gc.ca/2013/doc/plan/budget2013-eng.pdf
Wed, 04/03/2013 - 12:50 | 3403926 sitenine
sitenine's picture

Yes, but lets not forget that this time is different and it can't happen here. Now kindly go back to sleep.

Wed, 04/03/2013 - 13:08 | 3404046 fonzannoon
fonzannoon's picture

I just fell the fuck down. Marketwatch is running an article 'gold drops as demand for paper gold shrinks". It goes on to talk about a massive seperation between paper and physical.

Wed, 04/03/2013 - 13:12 | 3404049 ZerOhead
ZerOhead's picture

If I were a smart banker right now I would be thinking about getting into the habit of sponsoring chartity runs.

Maybe a 5 Mile Bank Run for Detroit or Stockton in the States... perhaps a 10 Kilometer Bank Run for Cyprus in the Eurozone...

Just for some search engine cover and better PR you know...

 

Wed, 04/03/2013 - 13:12 | 3404061 BaBaBouy
BaBaBouy's picture

Getting Tempted For AU Buy Soon ...

 

Give Me More ...

Wed, 04/03/2013 - 13:18 | 3404069 BaBaBouy
BaBaBouy's picture

Much Easier To Confiscate Your CB Issued Paper Fiats ...

That Reside ONLY On Some Banksters HardDrive ===> And Will Never Ever Be Even Printed ...

 

Wed, 04/03/2013 - 13:19 | 3404101 DeadFred
DeadFred's picture

They can't confiscate our physical without some serious scuba gear :)

Wed, 04/03/2013 - 13:30 | 3404152 redpill
redpill's picture

Deep sea submarine, even.

Wed, 04/03/2013 - 13:54 | 3404261 cifo
cifo's picture

TZA will go parabolic soon too.

Wed, 04/03/2013 - 14:50 | 3404592 negative rates
negative rates's picture

Well if ain't one, then it's the other. Com on, Do the math! 

Wed, 04/03/2013 - 15:41 | 3404843 Karlus
Karlus's picture

I kinda suspected this was coming.

What will be the really big indicator is the govt announcing a $500 and $1000 note. It will make printing the paper to cover a run that much quicker.

They might have already printed it and have it staged at a warehouse...I would if I was them.

Also look for some additional reporting on PM transactions.

Wed, 04/03/2013 - 17:08 | 3405485 Gief Gold Plox
Gief Gold Plox's picture

If I've learned anything from ZH it's that the readership contains some of the best deep water divers in the world.

Horrible sailors, but damn fine divers  Go figure. :)

Wed, 04/03/2013 - 14:25 | 3404440 Flagit
Flagit's picture

what # would make you jump?

Wed, 04/03/2013 - 14:44 | 3404548 Marley
Marley's picture

14 FRNs

Wed, 04/03/2013 - 14:53 | 3404610 negative rates
negative rates's picture

Don't forget my $30,000 charity donation to help the hungry, suzie says everything is a go go.

Wed, 04/03/2013 - 13:43 | 3404207 GOSPLAN HERO
GOSPLAN HERO's picture

MarketWatch (MW) is a bulltard propaganda site.

Piss on MW.

Wed, 04/03/2013 - 15:39 | 3404827 candyman
candyman's picture

Its like getting your news at "The Onion".  Itds a good site for laughter, nothing serious.

Wed, 04/03/2013 - 14:42 | 3404545 zaphod42
zaphod42's picture

Hey!  Gold is just a commodity.  There is not enough of it to mint coins with it any more, and if you did you would run the price too high.

Actually Au is valuable for its conductivity and ductility.  Not much else to say for it.  Oh... yeah.  It is pretty and makes nice jewelry if you alloy it down to 14Kt or so (18 kt is way to soft).

I just don't understand you gold bugs.  It is already selling for way more than its real value.  Get over it, for heaven's sake.

 

Wed, 04/03/2013 - 14:53 | 3404604 Pinto Currency
Pinto Currency's picture

 

Droll attack.

Wed, 04/03/2013 - 16:15 | 3405143 Scarlett
Scarlett's picture

When comex defautls, the gold moves will be by $1000 a day.

Wed, 04/03/2013 - 15:05 | 3404677 Rogue Trooper
Rogue Trooper's picture

Yeah, just like why would you need to even own a gun unless you_________ (add strawman).

This 'meme' gets real boring zaphod42. Unless you just forgot the sarc tag?

Yawn.

Wed, 04/03/2013 - 15:11 | 3404699 akak
akak's picture

He forgot to mention "you can't eat it".

His paymaster is going to be cross with him over that little slipup.

Wed, 04/03/2013 - 15:53 | 3404943 new game
new game's picture

I ATE IT -tasty ass shit...

special 24K-everything you need for a Goooooood day.

Wed, 04/03/2013 - 15:19 | 3404736 augie
augie's picture

ohhh avril....

Wed, 04/03/2013 - 15:54 | 3404949 jumbo maverick
jumbo maverick's picture

I ordered silver from NWTM back in January with up to a 10 week delivery date. I called them today to inquire about the status of the delivery. They told me it will be at least another month.

Is there any physical silver left out there to buy? What is going to happen in the next few months? The train is going off the rails and I think the government is shoveling more coal into the firebox as quick as they can. Major train wreck coming.

Wed, 04/03/2013 - 19:26 | 3406056 SilverDOG
SilverDOG's picture

fonzannoon

 

Fell down over your stack right?

Wed, 04/03/2013 - 12:51 | 3403930 Croesus
Croesus's picture

Coming soon to a USA near you:

http://www.fdic.gov/about/srac/2012/gsifi.pdf

Page 6, Section 13...

Wed, 04/03/2013 - 12:57 | 3403964 resurger
resurger's picture

WOW Kudos to both of you, but what about the US, is it written somewhere?

WE ARE ALL FUCKED WORLD WIDE!!!

Wed, 04/03/2013 - 13:07 | 3404003 Croesus
Croesus's picture

@ Resurger:

I quoted the location in the document, but here it is (pay attention to the bold parts):

An efficient path for returning the sound operations of the G-SIFI to the private sector would be provided by exchanging or converting a sufficient amount of the unsecured debt from the original creditors of the failed company into equity. In the U.S., the new equity would become capital in one or more newly formed operating entities. In the U.K., the same approach could be used, or the equity could be used to recapitalize the failing financial company itself — thus , the highest layer of surviving bailed-in creditors would become the owners of the resolved firm. In either country, the new equity holders would take on the corresponding risk of being shareholders in a financial institution.

TRANSLATION:

So, bank fails, we take depositor money above what we can insure, and make it shares. We use the money from the shares as capital in the new bank, while the depositors become owners of the defunct bank, and take on the risk of being shareholders. 


Wed, 04/03/2013 - 13:09 | 3404044 Beam Me Up Scotty
Beam Me Up Scotty's picture

Gee, most people put their money in the bank to avoid the risk of the stock market and save.  Who knew they could actually be made shareholders?  Shareholders of a dead business even.  Most sheep have no idea what the ramifications of this are.

Wed, 04/03/2013 - 13:17 | 3404083 Croesus
Croesus's picture
It's ironic....most people are afraid of having their money stolen at home by local thieves, so they put it in a bank where it is free to be stolen by global thieves.
Wed, 04/03/2013 - 13:36 | 3404175 Dr. Richard Head
Dr. Richard Head's picture

I have sent the link to this joint FDIC/BOE paper to Lew Rockwell, Andrew Wilkow, posted it on my LinkedIn page, and tweeted it.  Local newspaper doesn't want to cover it.

Wed, 04/03/2013 - 13:40 | 3404198 CH1
CH1's picture

Local newspaper doesn't want to cover it.

I am shocked, I tell you! Shocked!!

Wed, 04/03/2013 - 14:46 | 3404282 Dr. Richard Head
Dr. Richard Head's picture

I know it was a stupid move, but you never know.  I have had the local paper run many stories about shit like this.  It is always worth a shot. While it is a local paper, they are one of the top 10 in the US in terms of total circulation.

Wed, 04/03/2013 - 14:02 | 3404294 The Gooch
The Gooch's picture

Merry Christmas, Bedford Falls!

Wed, 04/03/2013 - 15:28 | 3404777 KnightTakesKing
KnightTakesKing's picture

Welcome to Pottersville. There, fixed.

Wed, 04/03/2013 - 15:59 | 3404996 jumbo maverick
jumbo maverick's picture

Epic fix

Wed, 04/03/2013 - 13:49 | 3404244 ziggy59
ziggy59's picture

Think global, act local...

Wed, 04/03/2013 - 13:04 | 3404008 resurger
resurger's picture

can the FDIC bail everyone?!

does the FDIC only insures deposits which are more than $100K

 

Part 346.6 permits branches to
engage in certain retail deposit activities that do
not trigger a requirement for deposit insurance.
Uninsured branches may accept initial deposits
of less than $100,000 from the following type of
depositors or resultant activity

 

http://www.federalreserve.gov/boarddocs/supmanual/us_branches/usb_p7.pdf

Wed, 04/03/2013 - 13:13 | 3404062 Croesus
Croesus's picture

@ Resurger:

Fuck no they can't.....they only have $25 Billion in insurance money, insuring $9.3 Trillion in deposits, to say nothing of the $300 Trillion in derivatives exposure....(which is probably a lot higher than that).

FDIC changed the insurance rules: Years ago, it used to be $100K Per Account. Post-Lehman, they changed it to $250K, to keep people from panicking. Back in Dec2012 (date?), they changed it to $250K TOTAL for all accounts in your name (tracked via Social Sec#).

The bottom line is, they will change the rules as much as necessary, to keep the game going a little longer. But lately, they have to constantly change it, which to me, is a strong indication that something must really be wrong, and we are closer to the breaking point than most people realize.

Wed, 04/03/2013 - 13:35 | 3404179 cornedmutton
cornedmutton's picture

cite for Dec 2012 rule change?

Wed, 04/03/2013 - 14:05 | 3404324 Croesus
Croesus's picture

@ Cornedmutton: Here you go!

http://www.fdic.gov/deposit/deposits/changes.html

Quote: "Deposits held in noninterest-bearing transaction account are now aggregated with any interest-bearing deposits the owner may hold in the same ownership category, and the combined total insured up to at least $250,000."


Wed, 04/03/2013 - 15:54 | 3404959 cornedmutton
cornedmutton's picture

thanky

Wed, 04/03/2013 - 14:43 | 3404551 Professorlocknload
Professorlocknload's picture

"The standard insurance amount is $250,000 per depositor, per insured bank, for each account ownership category."

Looks to me like,"Aggregated" applies to varied accounts within an insured institution. As with all government rules, they are intentionally ambiguous, to allow weaseling room.

Like (per insured depositor and per insured bank) or (per insured depositor or per insured bank) ??

Just don't keep more than $250k in any one bank, IF you still believe FDIC has enough dead presidents stockpiled to cover a physical run. Let alone, what the value over and above the price of wood pulp those bills still retain by the time you get them.

If you are going to run, best to just debit card everything out down at walmart, the chevy agency and the PM dealer before the mob gets there with their fist full of dollars.

All this run bs is most likely by "strategic design" in my estimation. The central banks are obviously giving their friends a heads up before announcing these so called "confiscations."

Jawboning alert!

It's a game to these freaks. Sooner of later they step in it, and down it comes.



As of 1 JAN 2013

http://www.fdic.gov/deposit/deposits/dis/


Wed, 04/03/2013 - 15:19 | 3404735 Croesus
Croesus's picture

In my newsletter, when I broke the FDIC-BoE paper to my readers, I made the point that you want to be highly-liquid, and ready to move.

When a Cyprus-style screwjob happens here in the US, the last place anybody wants to be, is in line at the ATM's with the "rest of the herd". You want to be a step ahead of them. 

Also, I don't know how completely I would trust electronic payment systems at retail PoS; some stores may only accept cash in payment.

 

Wed, 04/03/2013 - 14:08 | 3404331 MachoMan
MachoMan's picture

They changed to $250k per account to stop the bank run...  It's one of those facts that seems to go unnoticed since 2008...  THERE WAS A REAL, VIABLE BANK RUN IN THE U.S.  We already have precedent for it...  it's why the FDIC came out and made the announcement and upped the limits...  this announcement was instrumental in curbing the bank run.

The strangest part, the bank run wasn't due to withdrawals per se (e.g. to cash), but instead was from small and regional banks to TBTF banks...  the thought process being that the larger banks would be backstopped no matter what. 

It's kind of weird how everyone can get really smart, really quickly when they're finally incentivized properly...

Wed, 04/03/2013 - 15:38 | 3404830 Spigot
Spigot's picture

I know you, Croesus, have no concern due to high gold bullion ownership. However here's the point: The FDIC would confiscate ALL THE ACCOUNTS and USE ALL THOSE FUNDS AS THEIR RESOLUTION MONEY. Essentially they can clami to have $9.x TRLLION in "Insurance Funds". It just so happens that YOU ARE PROVIDING THE INSURANCE FUNDS DIRECTLY.

We are screw.

You do not prepare for what is not expected. Or in the positive voice: Observe the preparations to understand what they are expecting...

Wed, 04/03/2013 - 16:29 | 3405249 Croesus
Croesus's picture

@ Spigot:

Essentially, that is what they're going to do, but instead of recapitalizing failed banks, they're going to let them fail, and use the proceeds to start a new bank instead. Why? Because there's no way to clear the derivatives mess off the books. So, they let the whole thing die, bury it in the back yard, and start all over again. 

It's important to understand that the nature of being a depositor in a bank is being changed to that of a creditor in that document. These terms have big meaning in Bankruptcy court. That alone should scare people into getting their money out of banks.

Unfortunately, I lost all my bullion in a tragic boating accident.... :(

 

 

 

Wed, 04/03/2013 - 13:06 | 3404034 New England Patriot
New England Patriot's picture

If one in ten people decide not to trust the bank with their money anymore, the house of cards comes down.

 

Fractional reserve banking: a great idea until it isn't.

Wed, 04/03/2013 - 13:43 | 3404110 Dr. Richard Head
Dr. Richard Head's picture

Shit, I immediately pulled mine out in 2008 when the blinders were pushed away from me eyes.  I encouraged many to do the same, but to no avail.  They called me crazy....I just happened to be early crazy I guess.

Wed, 04/03/2013 - 14:08 | 3404340 MachoMan
MachoMan's picture

Me too...  but, since then, I've been putting it back in...  time to start the periodic withdrawals again...

Wed, 04/03/2013 - 14:19 | 3404399 Dr. Richard Head
Dr. Richard Head's picture

Putting the confiscation plan aside, tt is a bit surprising to me that the lack of interest being paid out on the accounts isn't enough for people to withdraw their funds anyway.

Wed, 04/03/2013 - 14:52 | 3404606 New England Patriot
New England Patriot's picture

Methinks the prospect of laying up their treasure under the mattress spooks the $100K+ crowd.

Wed, 04/03/2013 - 16:01 | 3404855 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Perhaps a thief might be less inclined to attempt to make off with $100k worth of ammo than a banded wad of 1,000 $100 bills or a few pounds of gold???  And when TSHTF, ammo may appreciate and be liquid, whereas cash will wither to nothing???  It sounds like the Feds may clamp down more on ammo than on guns??? Will they clamp down on ammo to prevent it from supplanting currency as a medium of exchange?

I've always had a shotgun, and have been thinking about buying a gun, and now I am thinking I should fill a closet with some common variety of ammo.

Can a case be made for holding a large quantity of ammo as a store of wealth in the times ahead?

Can some knowledgeable ZHer provide a link to a well-stated case for same?

Wed, 04/03/2013 - 16:01 | 3405018 new game
new game's picture

ammo will be the change for o-zes

nice card game; raise ya 10 9's

long progressive  reloaders, bull-t casters, lead antimony-tin

crimpers, dial indicators, lg and sm primer, green dot, scales,

tumblers, and plasitc bags-all sizes to 7' long

 

bitchez

Wed, 04/03/2013 - 16:39 | 3405313 MachoMan
MachoMan's picture

Apparently you're not from rural america or the south...  here, ammo already is a currency.

Buy some guns and ammo...  they're in a bubble, and don't expect to make any money on the deal...  it's just an alternative savings method.  If you get good stuff, your great grandchildren probably won't be able to wear them out.

Wed, 04/03/2013 - 14:11 | 3404360 Matt
Matt's picture

1 in 10? Depends on how much money they have. Eurozone reserve requirements is 1%, at least according to an article on zerohedge previously. A bunch of businesses with >100,000 euro floats pull their money to avoid confiscation, and boom!

Wed, 04/03/2013 - 14:00 | 3404281 Professorlocknload
Professorlocknload's picture

Key word in the FDIC report; Strategy

Unsettling, to put it lightly.

 

 

Wed, 04/03/2013 - 14:11 | 3404353 Croesus
Croesus's picture

None of this is happening by accident.....it is 100% orchestrated.

Wed, 04/03/2013 - 14:44 | 3404555 HulkHogan
HulkHogan's picture

Yeah, yeah, NWO this, NWO that. There are not evil men in smokey rooms deciding how to control your life. 

Wed, 04/03/2013 - 13:59 | 3404284 boogerbently
boogerbently's picture

SIFI = Sci-Fi = TBTF

Solutions:

Steal our money or declare bankrupcy.....and steal our money.

Wed, 04/03/2013 - 15:07 | 3404689 BurningFuld
BurningFuld's picture

Harper said back in 2008 that he was not bailing the Banks. If you are Canadian watch TD (Derivatives exposure) and BMO (worst rating of the Big Ones) I bailed to a local Credit Union and AU.

Wed, 04/03/2013 - 16:12 | 3405106 Liquid Courage
Liquid Courage's picture

Got my attention (eh?). Fellow Canucks see also:

http://www.theglobeandmail.com/report-on-business/ottawa-clears-up-confu...

Don't be fooled by the soothing blather in the article ... read the comments ... peeps is catching on.

 

Also:

http://www.theprovince.com/business/Ottawa+bank+bail+talk+spooks+investo...

According to a senior fixed-income analyst who asked not to be named, Ottawa has its eye on senior unsecured debt issued by banks. Popular with institutional fixed-income investors, the product is widely traded and makes up a big chunk of the domestic market. Read more: http://www.theprovince.com/business/Ottawa+bank+bail+talk+spooks+investors/8188398/story.html#ixzz2PQuSOPAQ
Wed, 04/03/2013 - 17:07 | 3405480 Peace is the x-axis
Peace is the x-axis's picture

The whole G20 agreed to confiscate your money in 2010 -

http://barnabyisright.com/2013/04/01/g20-governments-all-agreed-to-cypru...

Wed, 04/03/2013 - 12:33 | 3403836 ghandi
ghandi's picture

And a quote from tool:

"All this pain is an illusion..."

Wed, 04/03/2013 - 12:37 | 3403862 resurger
resurger's picture

The deer is on the edge of extinction, It's going to be an Elephant or a Rex in the headlights.

Rest in Pieces markets

 

Wed, 04/03/2013 - 15:04 | 3404670 Winston Churchill
Winston Churchill's picture

The SWIFT transfers I did yesterday AM have not yet executed.

SWIFT is overloaded I'm thinking, with huge volumes.

Wed, 04/03/2013 - 15:10 | 3404701 Rustysilver
Rustysilver's picture

McMolotov,

You miss it last week.

 

Wed, 04/03/2013 - 12:30 | 3403798 Abraxas
Abraxas's picture

These are only consequences we are looking at. Like in a story where women of a village in Africa were washing clothes in a river. Suddenly, they saw a baby in the water so they jump to save it. Suddenly, there is another baby, so they scramble to save that one too. Then there's a third and a fourth. The women are frantically trying to save them all. Finally, the chief comes and asks them: "Has anyone thought of going upstream and check out who is throwing all these babies in the water?"

We are like these women being busy with consequences of someone's maliciousness and not seeing the real cause for it.

Wed, 04/03/2013 - 12:37 | 3403840 akak
akak's picture

Obviously, such a story could never have come out of China, where floating river pigs and casually discarded (female) infant corpses garner little more than a shrug.

Wed, 04/03/2013 - 12:40 | 3403876 zapdude
zapdude's picture

Cruel, sad and true.

Fortunately, there are still those who will take in and protect the weak -- I still get choked up when I read/remember this story:  http://www.dailymail.co.uk/news/article-2181017/Lou-Xiaoying-Story-Chinese-woman-saved-30-abandoned-babies-dumped-street-trash.html

Wed, 04/03/2013 - 14:54 | 3404616 Flagit
Flagit's picture

jesus, i would get choked up too.

that is a whole lot of shitty diapers.

Wed, 04/03/2013 - 14:27 | 3404449 Simplifiedfrisbee
Simplifiedfrisbee's picture

The consequence is now an abyss. To address it would require sacrifice and who is willing to go down a black hole which no man has ventured in and came back?

Wed, 04/03/2013 - 14:58 | 3404642 negative rates
negative rates's picture

It's popeonomics, i trashed him!

Wed, 04/03/2013 - 15:13 | 3404714 Rustysilver
Rustysilver's picture

Floating female fetuses have been ignore in China for the last 30 years or so.  There's no news there.

Wed, 04/03/2013 - 15:43 | 3404863 negative rates
negative rates's picture

Should there be?

Wed, 04/03/2013 - 12:55 | 3403957 ImReady
ImReady's picture

It's pretty obvious that bathwater needs to be banned... 

Wed, 04/03/2013 - 14:04 | 3404312 roadhazard
roadhazard's picture

Up here in the mountains they only put up a guard rail if someone goes off the road and dies there.

Wed, 04/03/2013 - 12:31 | 3403827 PoorMan429
PoorMan429's picture

It would be education to see the amount of cash in a DDA vs a time deposit for US banks vs other non liquid accounts. All deposits are not available on demand...

Wed, 04/03/2013 - 12:34 | 3403849 Pinto Currency
Pinto Currency's picture

 

5% cash holdings is pretty typical for banks.

The other assets are typically debt instruments of varying durations.

Wed, 04/03/2013 - 13:00 | 3403981 TrumpXVI
TrumpXVI's picture

I understand your point, but let's not forget that cash is a debt instrument, too.

Wed, 04/03/2013 - 12:32 | 3403828 Mototard at Large
Mototard at Large's picture

Same sort of thing in Spain.  The Spanish Finance Minister said two weeks Friday he was going to put a levy on the total amount of deposits in Spanish banks.    A bit different in Spain from Cyprus -  this time the  local bankers will be working in cooperation with a somewhat-less-than-honest national government. Either way, savers will have less money as governments in debt decide they need it more.  Savers and takers! 

http://tinyurl.com/cedrumy

Wed, 04/03/2013 - 12:38 | 3403865 seek
seek's picture

I agree that it's the trigger, I'm just not sure about timing.

The central banks, the Fed in particular, absolutely refuse to raise interest rates. So risk goes up with no increase in reward.

I think there's a deeper reasoning behind confiscating cash deposits -- simply capital control. If they can't raise rates to retain cash, and people pull their money, the fractional reserve nature of the system requires printing 10, 20 even 100X the amount to keep things solvent, and while the central banks can do this, it highlights the end is near. Take deposits, and even though it's run-inducing, the impact on the system overall is smaller than unimpeded runs.

The spike in gold manipulation and jump in bitcoin all point to me that the "small money" is leaving the system at an increasing rate.

Something big is happening right now but is being concealed.

Wed, 04/03/2013 - 12:40 | 3403877 EscapeKey
EscapeKey's picture

oh yeah you can count on that

all the major banks are class A insolvent, but you wouldn't guess on basis of their actions. bank runs, classic style? that's cute, but the central banks will just print a little faster, and allow the banks to go into negative equity, because... well, because fuck you, citizen.

 

Wed, 04/03/2013 - 14:52 | 3404603 enloe creek
enloe creek's picture

everyone is insolvent, we are worth less than we are pretending to be worth as a global population.  we are playing musical chairs with wealth trying to be the one holding the correct instument when the backdraft comes and all goes poof. I'm sure it will not be bitcoin.

Wed, 04/03/2013 - 14:42 | 3404543 e-recep
e-recep's picture

gold is being hammered as we speak. $1554 - nice opportunity to buy MOAR!!

Wed, 04/03/2013 - 14:32 | 3404488 max2205
max2205's picture

I type in Bank run every 30 seconds

Wed, 04/03/2013 - 14:36 | 3404513 teolawki
teolawki's picture

Margin call Bitchez!

Wed, 04/03/2013 - 12:26 | 3403793 prains
prains's picture

yes but what's the google search count for "BITCHEZ" then we'll know it's game on

Wed, 04/03/2013 - 12:55 | 3403897 prains
prains's picture

Alright! carmelizing popcorn tonight! What's a good recipe?

Wed, 04/03/2013 - 13:47 | 3404226 ziggy59
ziggy59's picture

Ship 1 ton of corn kernels and 500 lbs of sugar to N. Korea, wait a few days, weeks...bring sunglasses, and sunblock SPF 2000000
Caramel corn, yummmm

Wed, 04/03/2013 - 15:43 | 3404851 prains
prains's picture

+100

 

LOL

Wed, 04/03/2013 - 15:46 | 3404872 negative rates
negative rates's picture

sweeETTTTTTT!

Wed, 04/03/2013 - 12:58 | 3403978 Breezy47
Breezy47's picture

I just Googled "bank run bitchez" and the top 4 hits were from ZH...

Wed, 04/03/2013 - 13:07 | 3404038 francis_sawyer
francis_sawyer's picture

The 'bitchez' was the KEYWORD...

~~~

I'd love to see your cookie profile...

Wed, 04/03/2013 - 12:44 | 3403894 Boston
Boston's picture

Or, we'll know it's game on when the google search count for "run on gold" goes parabolic:

http://www.numismaster.com/ta/numis/Article.jsp?ad=article&ArticleId=8039

Wed, 04/03/2013 - 12:29 | 3403803 Groundhog Day
Groundhog Day's picture

just 10% of the population needs to ask for their money back, and it's all over

Wed, 04/03/2013 - 12:34 | 3403853 zapdude
zapdude's picture

Well, Germany asked for their gold back and the Fed told them 7 years... 

It may be over already, and the shockwave is just moving more slowly than we anticipated. 

Sort of like the delay between the lightning strike and the sound of thunder reaching your ears.

Wed, 04/03/2013 - 12:59 | 3403970 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

It's funny how nothing really follows the rules isn't it?

 

7 years to get your gold back IS A DEFUALT.  Yet you wouldn't know there had been a gold default based on the market pricing or the actions of other participants.

 

The same thing happened when Greece defaulted.  The people that wrote the CDS on Greek bonds simply shrugged and said the default wasnt a default.  This caused the entire CDS and sovereign debt markets to implode instantly.  Oh wait, no it didn't...

Now Cyprus tries to rob it's insured depositors and eventually backs off to settle on a bail-in which is most assuredly a one-off event except that many nations were independantly drafting law changes to do the same thing to their citizens.   This will have no effect on the ability of banks to raise money from depositors...

 

Unreal.

Wed, 04/03/2013 - 14:29 | 3404462 Henry Chinaski
Henry Chinaski's picture

More like the earth quake and the tsunami.

Wed, 04/03/2013 - 14:47 | 3404562 e-recep
e-recep's picture

chavez got his gold in 2 months. the german government is a pussy or a minion.

Wed, 04/03/2013 - 13:20 | 3404103 Catullus
Catullus's picture

Only 5% of the money in deposit needs to be redeemed. That could amount to 1% of the population

Wed, 04/03/2013 - 12:44 | 3403886 Clayton Bigsby
Clayton Bigsby's picture

He who panics first, panics best....

Wed, 04/03/2013 - 12:52 | 3403933 r3phl0x
r3phl0x's picture

Panic Now - Beat the Rush!

Wed, 04/03/2013 - 13:42 | 3404203 fuu
fuu's picture

Don't panic!

Wed, 04/03/2013 - 15:35 | 3404809 AGuy
AGuy's picture

I think I will wait to see how this pans out!

Wed, 04/03/2013 - 13:01 | 3403987 Silver Garbage Man
Silver Garbage Man's picture

Bill Holter has a good article out today about bit coin.

Wed, 04/03/2013 - 14:36 | 3404509 Debtman And Robbin
Debtman And Robbin's picture

I can't resist - again.

It's not about bats. It's about debts. Ask Robbin...

Wed, 04/03/2013 - 12:26 | 3403788 bagehot99
bagehot99's picture

Bullish.

Wed, 04/03/2013 - 12:28 | 3403789 Shizzmoney
Shizzmoney's picture

If the government withdraws 30% of what I make in taxes - is that considered a "bank run"? 

BTW it is very clear that for the next bad thing to happen, the instances of "bank run" being googled needs to go 3x's higher than Lehman........because that's what the size of the next bubble (sovereign bonds) will be.

Wed, 04/03/2013 - 12:29 | 3403815 The Carbonator
The Carbonator's picture

Nah.  If the Government does it then its 'fairness'.

F the NY Banks.

Wed, 04/03/2013 - 12:29 | 3403804 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Chart porn!

Wed, 04/03/2013 - 12:28 | 3403806 kensdad
kensdad's picture

And of course, everyone needs to sell their gold asap in a bank run.  You need more of that green confetti that will be printed in the trillions to keep your family secure!

Wed, 04/03/2013 - 12:41 | 3403873 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

I havent owned gold since $250 by any means but I had a good run before the great consolidation.

 

What I always told myself during the good times was that if I was right, there would come days when absolultely *everything* that drives gold up in price would drive it straight down instead.  This would happen because all my fears about shadowy "working groups on financial markets" were well founded.

As predicted by many the powers that be are now pulling every lever, rigging every market and pulling every stunt to make things look normal when under the surface its coming apart rapidly.  The degree of the manipulation belies their absolute desperation.

Either that or things are fine and gold is going back to $300. 

I don't think we will see gold go up until the moment of collapse/resolution.  It just cannot be allowed to.

Wed, 04/03/2013 - 14:27 | 3404447 j0nx
j0nx's picture

Gold has no intrinsic value in a dysfunctional environment where survival is the only thing people care about. Silver maybe has some but if SHTF then the last thing people will give a shit about is gold and silver. As it stands now the only way gold ever becomes valuable again is if the corruption is rooted out of the system and all the criminals either hanged or jailed without the system crashing worldwide leading to a mad max lifestyle. 22LR and other survival gear, canned food, etc will become the new currency if you are a believer in a crashed system. If you are not a believer in a EOTW crashed system then you have to be a believer in fixing this system without crashing it and causing Armageddon if you think gold will be worth anything and the chances of that are slim to none.

Wed, 04/03/2013 - 15:00 | 3404645 akak
akak's picture

Your black and white, all-or-nothing false dichotomy certainly represents the only two possible outcomes to current events.

Wed, 04/03/2013 - 16:42 | 3405321 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

This is exactly why I don't engange people on this topic for more than a few sentences anymore.  I simply tell people who seem geniunely interested that gold was money for 5000 years until 1971 when Nixon said it wasn't anymore and that they might want to consider hedging their faith in the USD.  I then mention the rise of the east and their tendancy to like gold and their desire to create and alternative to the US dollar for trade settlement.

 

At this point I usually get the "end of the world" speech and am told gold will be useless when we are all surviving on puddle water.

 

I think its a side effect of our public schooling.  Remember when Obama said that if the sequester happened, all the criminals would be let go for lack of resources to prosecute?  Everything is "the end of the world" now.  It's a symptom of the superficial thinking of our times. 

Wed, 04/03/2013 - 15:22 | 3404746 dogbreath
dogbreath's picture

You've provided a context I never considered.  Gold/silver  can't be allowed to appreciate because it could create conditions where a bank run of sorts occurs by default.  Merely cash deposits being converted to metal.   Explains the manipulation a little bit better.  

Wed, 04/03/2013 - 12:29 | 3403808 roymunnson
roymunnson's picture

Sweet Cantona made the chart, Dec 6 2010!

 

Remmeber this

 

http://www.nytimes.com/2010/12/07/business/global/07cantona.html?_r=0

Wed, 04/03/2013 - 12:28 | 3403809 Mine Is Bigger
Mine Is Bigger's picture

Next up, "Bankers on the run"!

Wed, 04/03/2013 - 12:43 | 3403887 little buddy bu...
little buddy buys the dips's picture

undoubtedly.

 

/sarc

Wed, 04/03/2013 - 12:58 | 3403976 e_goldstein
e_goldstein's picture

Search term: nooses.

Wed, 04/03/2013 - 13:25 | 3404129 Creepy Lurker
Creepy Lurker's picture

Followed closely by: lamposts.

Wed, 04/03/2013 - 12:30 | 3403811 rogeliokh
rogeliokh's picture

They just crashed Gold, 10$ in few seconds. Crimex closing in 1 hour, they are running late..

Wed, 04/03/2013 - 12:30 | 3403820 kensdad
kensdad's picture

Bank run = money printing = gold price crashes

Huh?

Wed, 04/03/2013 - 12:30 | 3403821 100pcDredge
100pcDredge's picture

Very good... we should ALL help those banks! And running is well... it might be healthy? Actually it doesn't matter, as long as we raise lots of cash to help the banks, that's what counts - in the end.

Here, run! http://1.bp.blogspot.com/-8grSnEtd_T4/T-sYKUHIG_I/AAAAAAAACoI/hDkAhi-Ugn...

Wed, 04/03/2013 - 12:31 | 3403826 zapdude
zapdude's picture

First it was "Bulk Ammo" that was a huge Google Trend, now its "Bank Runs", soon it will be something like "Zombie Apocalypse". 

Of course by then, it will be too late if you didn't pay attention to the first two trends.

Wed, 04/03/2013 - 12:42 | 3403879 seek
seek's picture

More likely: you go to google.com and get "server not found."

Wed, 04/03/2013 - 12:57 | 3403965 zapdude
zapdude's picture

...and then shortly afterwards you don't have access to a computer / cellphone because you're either:

1. taking a dirt nap, thanks to EBT zombies, DHS agents, or other thugs

2. in a FEMA camp

3. bugged out and off the grid, taking out tresspassers & game at 300+ yards

4. all un-shielded electronics are useless due to an upper atmosphere EMP

5. etc

Wed, 04/03/2013 - 12:32 | 3403837 Silver Garbage Man
Silver Garbage Man's picture

Right from the bank into GOLD AND SILVER.

Wed, 04/03/2013 - 12:34 | 3403839 eclectic syncretist
eclectic syncretist's picture

The ever cross-eyed and constipated looking BAC CEO is currently having a private meeting with the companys regional managers to discuss how to overcome revenue problems.  I wonder if Cyprus will come up?

http://www.investmentnews.com/article/20130403/FREE/130409978

Wed, 04/03/2013 - 12:35 | 3403846 Mark123
Mark123's picture

Ain't it funny....Cyprus no longer in the news....forgotten and OBVIOUSLY fixed!!!

 

Nothing like sober, intellectual analysis and rational response.

Wed, 04/03/2013 - 12:34 | 3403851 Silver Garbage Man
Silver Garbage Man's picture

How about premeditated economic collapse in order to enslave the world.

Wed, 04/03/2013 - 14:18 | 3404393 MachoMan
MachoMan's picture

The collapse is simply the inevitable result of the enslavement of the world...  your cause and effect as well as timing are off...  Think about the risk involved in the economic collapse that is unfolding from a central planning standpoint.  This risk is to be avoided at all costs...  ultimately, risk aversion is what drives central planning and the demand for rent seeking.  However, at some point, the fragile mechanisms holding everything together unravel... 

The real question at this point is whether we learn from the control mechanisms and act to prohibit them in the future...  and history suggests a pretty sketchy future.

Wed, 04/03/2013 - 14:22 | 3404418 tsx500
tsx500's picture

Cloward Piven

Wed, 04/03/2013 - 12:35 | 3403855 yogibear
yogibear's picture

Time for maximum fraud all!!!!!

The Central bansters are throwing money at you.

Time to max out loans and buy non-dollar assets away from access of central banksters.

Then default!!!! 

The max fraud game is on baby!!!!

 

Wed, 04/03/2013 - 12:36 | 3403857 apberusdisvet
apberusdisvet's picture

The best way I have found to test the waters is that I periodically ask my local bank if I have to pre-notify them if I wish to withdraw $5k cash.  Up until yesterday I received the answer that I didn't, but larger amounts like $20K cash would require advance notice and the prerequisite IRS form.  Yesterday they told me that the $5k would require an IRS form. Hmmm; are capital controls coming?

Wed, 04/03/2013 - 13:08 | 3404039 the grateful un...
the grateful unemployed's picture

no thats part of the standard anti money laundering government policy to report transactions of 5K or more (including paying off your CC balance) make mulitple transactions just under the 5K and you should skate by (because they can freeze your account)

Wed, 04/03/2013 - 13:09 | 3404045 Breezy47
Breezy47's picture

The IRS 8300 form is only for cash transactions of $10,000.00 or more. Unless it has changed...which i don't think it has.

Wed, 04/03/2013 - 13:27 | 3404134 GottaBKiddn
GottaBKiddn's picture

The key word for the bank is "suspicious', not a specific amount. Each bank uses different amounts for different customers as policy.

Wed, 04/03/2013 - 16:13 | 3405115 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

It is not just the amount you move that is used by teller to measure suspicious - the teller can fill out a Suspicious Activity Report for just about any reason.  Be sure to put on a smooth performance whenever you walk into your bank.

Wed, 04/03/2013 - 15:23 | 3404734 enloe creek
enloe creek's picture

http://www.fincen.gov/whatsnew/pdf/CTRPamphletBW.pdf

 

federal crime

 

If you have further questions, please contact FinCEN’s Regulatory Helpline at (800) 949-2732

Wed, 04/03/2013 - 12:36 | 3403858 Silver Garbage Man
Silver Garbage Man's picture

How about googling eugenics.

Wed, 04/03/2013 - 12:36 | 3403859 Silver Garbage Man
Silver Garbage Man's picture

How about googling eugenics.

Wed, 04/03/2013 - 12:52 | 3403932 zapdude
zapdude's picture

If only Margaret Sanger, Malthus and other neo-Communist eugenicists could see us now -- their eyes would be wide in gleeful anticipation for the great de-population event coming they had so often dreamed about.

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