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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McMolotov's picture

Holy parabola, Batman!

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.

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.

nope-1004's picture

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

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.

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...


BaBaBouy's picture

Getting Tempted For AU Buy Soon ...


Give Me More ...

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 ...


DeadFred's picture

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

redpill's picture

Deep sea submarine, even.

cifo's picture

TZA will go parabolic soon too.

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.

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. :)

Flagit's picture

what # would make you jump?

GOSPLAN HERO's picture

MarketWatch (MW) is a bulltard propaganda site.

Piss on MW.

candyman's picture

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

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.


Scarlett's picture

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

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?


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.

new game's picture

I ATE IT -tasty ass shit...

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

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.

SilverDOG's picture



Fell down over your stack right?

Croesus's picture

Coming soon to a USA near you:

Page 6, Section 13...

resurger's picture

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


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.


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. 

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.

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.
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.

CH1's picture

Local newspaper doesn't want to cover it.

I am shocked, I tell you! Shocked!!

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.

The Gooch's picture

Merry Christmas, Bedford Falls!

ziggy59's picture

Think global, act local...

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

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.

cornedmutton's picture

cite for Dec 2012 rule change?

Croesus's picture

@ Cornedmutton: Here you go!

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."

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

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.


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...

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...

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.... :(




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.