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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 - 12:36 | 3403860 q99x2
q99x2's picture

Yep and now banksters are hacking their own websites and saying it is an Arab hacker group doing it to protest an anti-Islamist video. Didn't they use that one last year?

Banks shouldn't conduct banking over the Internet due to safty issues. They need ot be on their own system and off the public network.

Wed, 04/03/2013 - 12:45 | 3403878 virgilcaine
virgilcaine's picture

Cyprus is the Sub prime of 2013.. Cracks are starting to appear and it will be bigger than the 08 crisis and much faster. QE is ineffective once defaults start.  This is one thing the stock monkeys don't realize or understand.

Wed, 04/03/2013 - 12:45 | 3403892 Syrin
Syrin's picture

So why is gold falling so precipitously right now?

Wed, 04/03/2013 - 12:46 | 3403904 the grateful un...
the grateful unemployed's picture

its a leading indicator, the market will follow

Wed, 04/03/2013 - 12:52 | 3403939 ParkAveFlasher
ParkAveFlasher's picture

2008.

Wed, 04/03/2013 - 12:53 | 3403950 the grateful un...
the grateful unemployed's picture

1996-2000 XAU vs DJIA (four year lag, but still)

Wed, 04/03/2013 - 12:53 | 3403948 Syrin
Syrin's picture

Is it an indicator people are selling off assets for cash?   I was always under the impression silver was more of a leading indicator than gold.    Not trying to question you, I am trying to learn since I know the gold and silver prices are so heavily manipulated.   The recent fall in prices just seem unattached to any news story or market force.

Wed, 04/03/2013 - 13:01 | 3403996 the grateful un...
the grateful unemployed's picture

there is no spec in the price of Gold. Gold has been priced in an entirely rational manner according to the value of money, which is losing value, and the DJIA which is also priced rationally, but less so than Gold. Gold has outperformed the DJIA, and the DJIA had outperformed money, or cash. now you're seeing the tipping point. the leading indicator, has diverged, and since Gold has been priced in a consistent manner to the market, and relative to money, you should be worried. (don't worry about the who and why, money is falling in value - that's why you want cash and not paper investments - physical cash)

Wed, 04/03/2013 - 13:23 | 3404121 Syrin
Syrin's picture

Well, I got out of banks aside from enough to cover monthly expenses, and converted most of my liquid assets to precious metals.   In fact, I bought a gold mining operation in the Yukon.   I have very little in physical cash, but I guess that depends on whether you include physical gold in those terms.   Thanks for the reply.   Still trying to wrap my head around it.   It seems to me that gold value should increase as the dollar value decreases, but from what my understanding is of your statement, gold prices are dropping because they are priced in dollars, and dollars are losing value.   That makes sense, but perhaps my understanding is still off.

Wed, 04/03/2013 - 13:35 | 3404168 ParkAveFlasher
ParkAveFlasher's picture

1) Deflation.  Real assets sold off to cover margin calls, pay off debt no longer worth holding.

2) Bernanke freaks, because his government's nominal debts get bigger in real terms

3) Bernanke prints

4) Asset bubble-driven inflation. 

5) Bubble collapse.  Next one to collapse is perhaps higher education.  Who knows. 

6) Deflation.  Real assets sold off to cover margin calls, pay off debt no longer worth holding.

7) infinity

Wed, 04/03/2013 - 12:53 | 3403945 Mark123
Mark123's picture

Because there is a loss in confidence in gold.  Obviously highly complex sub-prime related derivative products are so much more desirable!

 

Now get back to speculating!!!

Wed, 04/03/2013 - 12:55 | 3403956 Syrin
Syrin's picture

I recognize the sarcasm in the 2nd half of your statement, but is there a loss in confidence in gold?   Seems like most investors have never had much confidence in gold from what I can tell.

Wed, 04/03/2013 - 13:09 | 3404041 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

It would seem to me that you are right as far as the general public is concerned.  I just don't think there is any chance of the public leading some kind of charge to buy the gold away from the bankers.  The only evidence of demand comes from the bankers in the economically ascendent countries in the east.

 

Even if gold went parabolic starting today how much could the average person really buy at $5000 per ounce in a month or so?  Or now for that matter?

 

I don't think the average person's confidence is effected by evidence and logic.  It will be shattered when *their* money is stolen.  Even then will they lose confidence when Krugman explains to them that their "bank equity was converted into regulatory capital"?  They will probably just be confused. 

When the media tells them things would be much worse without this step they won't want to stand up and demand a total collapse on principle.  They will thank the men who devised the plan and forget that those same men caused the crisis.

 

Look at Cyprus, Greece, Ireland for examples.

Wed, 04/03/2013 - 13:25 | 3404130 Syrin
Syrin's picture

I'm not so sure.   I think a fairly substantial number of people have educated themselves as to what is happening.   The 47%'ers are clueless and will be led to the slaughter, but the rest seem a bit more aware than they were 4-5 years ago.    Maybe I am being too optimistic.

Wed, 04/03/2013 - 14:26 | 3404452 MachoMan
MachoMan's picture

Even the 47%ers keep nanny's old necklace or gramps' old ring...  they know the value of the shiny...  the issue is that they've been forced to liquidate (cash for gold) just to make ends meet.  It isn't that they've forgotten about its value or otherwise never knew...  not a chance...  it's that they don't have a choice in the matter.

If the economic conditions continue, it will be a lot more than the 47%...  the trick to gold ownership is having enough liquidity to ensure that you don't have to liquidate before its moonshot.

Wed, 04/03/2013 - 14:58 | 3404630 Syrin
Syrin's picture

True, but I am in a fairly rare situation.   I own a gold mine in the Yukon.   I can replace what I have to liquidate.   That's how certain I was about the future of the US dollar.

Wed, 04/03/2013 - 12:58 | 3403977 rogeliokh
rogeliokh's picture

Are you still have doubts in Gold/Silver Manipulation?
They've printing even more money = gold falling
how about 2+8 = 3? That's what they telling us.

Wed, 04/03/2013 - 12:45 | 3403899 Cashboy
Cashboy's picture

I would expect the following from the EC mob:

1) Capital Controls - i.e not being able to take your capital out of the EC.  The reason is that not only do they want your tax on income but they want tax when you spend what you have left after tax and then tx your cpaital when dead.

2) Governments in EC countries will be charging tax on capital.  They really have no option because everyone is ending up on minimum wage and not enough hours to reach a taxable income if they have a job at all.  This will also be seen by the middle and lower class as revenge on the rich. 

Wed, 04/03/2013 - 12:46 | 3403902 the grateful un...
the grateful unemployed's picture

so what if everyone typed in Bank Run for a Google search? would they have to scrub that information in the interest of National Security.

Wed, 04/03/2013 - 12:57 | 3403942 DoneThis2Long
DoneThis2Long's picture

Since Google has replaced the initial "do no evil" slogan with "be evil", they will do whatever Napolitano tells them to (or is it the other way?). After all, they were the 1st (as far as I know), to stop displaying any kind of weapon or ammo results in Google Shop. I stopped using them since (last resort use only).

Wed, 04/03/2013 - 12:47 | 3403908 DoneThis2Long
DoneThis2Long's picture

A Buenos Aires Herald article was advising cash withdrawls yesterday.

Wed, 04/03/2013 - 12:48 | 3403909 NoTTD
NoTTD's picture

Mega-Bullish!

Wed, 04/03/2013 - 12:50 | 3403913 virgilcaine
virgilcaine's picture

I think Gold is another levareged asset that's being sold.  Margin is at record levels.

Wed, 04/03/2013 - 12:52 | 3403940 MsCreant
MsCreant's picture

Me too. They sell what is real to get out of trouble. I wondered about margin and the Cypress accounts. If you ain't got it there, you might have to get it from else where to keep your deal alive.

Wed, 04/03/2013 - 12:54 | 3403949 kensdad
kensdad's picture

all the leverage in gold is on the short side though!

Wed, 04/03/2013 - 12:57 | 3403962 DoneThis2Long
DoneThis2Long's picture

They want that too on the cheap(est). Squeeze the weak hands so the bastards can get it cheaper.

Once the market starts tanking, there will be forced liquidation of gold too by those using it in lie of cash.

Perhaps going for some of tha weaker arab holdings? Just a thought.

Wed, 04/03/2013 - 13:05 | 3404012 e_goldstein
e_goldstein's picture

I'm thinking it's more like punishment for the BRICs abandoning the dollar. 
After trades are settled with national currencies, the next logical step is to set up gold-holding facilities. At that point we can kiss the Crimex goodbye. 

Wed, 04/03/2013 - 15:35 | 3404817 Quinvarius
Quinvarius's picture

They don't have any gold to sell.  They have Treasuries.  Someone else is selling the gold.

Wed, 04/03/2013 - 12:49 | 3403917 adr
adr's picture

I asked to take out $2k yesterday. The branch manager OK'd it because he knows who I am and regularly take out that amount. I wonder what would happen if I try and take out $10k?

$10k isn't really that much money. It should scare the crap out of you if it scares the crap out of the manager of a bank to try and take that out.

Wed, 04/03/2013 - 12:52 | 3403941 the grateful un...
the grateful unemployed's picture

we closed out an account yesterday, asked for cash. the girl said ten was okay, we took five, with prior notice we could have had full amount. cash isn't a problem, its the hyperinflation that follows

Wed, 04/03/2013 - 13:05 | 3404009 PoorMan429
PoorMan429's picture

That bank no doubt filed a "Suspicious Activity Report" for your actions. In fact, they are required by law to do so, and it happens without even the teller knowing...

Wed, 04/03/2013 - 13:21 | 3404111 Bob Sacamano
Bob Sacamano's picture

Pretty sure that happened to me a couple of years ago after making several cash withdrawls each under $10,000 over several months.  Then, for the first time in my life, I got audited by the IRS.  Because I am conservative on my tax return, the IRS owed me money after the audit.  Hoping that keeps me off their list for a few years.  But they are watching you!!

Wed, 04/03/2013 - 14:37 | 3404512 MachoMan
MachoMan's picture

doubtful...  the SAR is primarily focused on deposits...  what the fuck does it matter if you withdraw monies that you've already paid tax on?  This is also why I routinely withdraw cash and pay for many transactions in cash...  "suspicious" is not a one-size-fits-all term.  What is suspicious for me might not be suspicious for you.  Aside from the inherent notion that doing what you want with money that you've already paid tax on is your prerogative.

The issue then is if you ever have to go back and deposit the money you withdrew...  The IRS is going to treat it as income unless you can prove otherwise.  Just keep a record of your withdrawal and you should be gtg.  If they want to fight it in tax court, then let em.  Don't be scurred.

Wed, 04/03/2013 - 14:32 | 3404479 MachoMan
MachoMan's picture

You should be able to take the entire amount at the main banking location...  any branch will have hard limits on what you can withdraw at any one time. 

I too limit my periodic withdrawals to $2k... 

It doesn't scare the manager per se, it's just that the banks don't keep that cash around...  it's just a liability...  however, if you notify them sufficiently ahead of time, it will be sitting there waiting on you.

I'm about to get a few grand in nickels...  I bet they shit themselves.  "Do you want an escort to your car?"  "nope, who the fuck is going to steal a bunch of nickels?"  "good point".  I'm guessing it will take a few weeks for the order to go through.  I'll bring a dolly.

Wed, 04/03/2013 - 12:50 | 3403919 Kaiser Sousa
Kaiser Sousa's picture

man they r really goin after Silver...should have waited til today instead of yesterday...

just sayin...got a run - off to the dealer again....

Wed, 04/03/2013 - 13:23 | 3404117 Bob Sacamano
Bob Sacamano's picture

Under $25 seems very realistic, but I am currently betting we get to $18-20 before getting serious about buying in size.

Wed, 04/03/2013 - 14:18 | 3404390 Imminent Crucible
Imminent Crucible's picture

You might want to consider this chart:

http://stockcharts.com/h-sc/ui?c=$SILVER,uu[h,a]waclyyay[pb40!f][vc60][iue6,12,9!lj[$spx]]

The last four INTRADAY lows: 26.30, 26.15, 26.15, 26.10

If you're waiting for $18, you might as well spend your bennybux on a trip to Disney World.

Mon, 04/15/2013 - 09:49 | 3449651 Bob Sacamano
Bob Sacamano's picture

Sailed thru $26.XX and $25.XX and $24.XX and that was just this morning....

Wed, 04/03/2013 - 12:49 | 3403920 the grateful un...
the grateful unemployed's picture

everyone should type in Banker's Frog March, or for you opera buffs, Frog March of the Bankers...

Wed, 04/03/2013 - 12:50 | 3403924 MsCreant
MsCreant's picture

Parabola, is that infectious like e-bola?

Wed, 04/03/2013 - 18:15 | 3405792 e_goldstein
e_goldstein's picture

Same results, they are both terminal.

Wed, 04/03/2013 - 12:50 | 3403925 KingdomKum
KingdomKum's picture

we few,  we happy few,  we band of silver holders  .  .  . 

Wed, 04/03/2013 - 12:50 | 3403928 NEOSERF
NEOSERF's picture

If you are mid 40s to mid 50s, know that you have lived through the best period of time, the world has ever and will ever know in terms of standard of living.  Watched a documentary on the start of Fairchild Semi and the birth of Silicon Valley.  Struck by the we can do it and collegial attitude where the government worked with industry and great things were accomplished.  Moon landing impossible without Fairchild start.  Where are we now?  Government uses its muster to push FHA to make more questionable housing loans.  Forces people to have health insurance.  Writes thousands of pages on artichoke food safety and doesn't enforce them.  Is complicit with banks and doesn't prosecute anyone.  Next 20 years are going to be scary folks.

Wed, 04/03/2013 - 13:22 | 3404116 Clowns on Acid
Clowns on Acid's picture

Hmmm...does your timetable correlate well with Federal and State coerced and funded push toward "diversity" ?

Wed, 04/03/2013 - 14:21 | 3404410 smartstrike
smartstrike's picture

Maybe? Maybe this is the beginning of new trends?

Wed, 04/03/2013 - 15:01 | 3404649 smacker
smacker's picture

 

 

You're describing the growth and development of a cancerous snake known as socialism which is destroying mankind.

Wed, 04/03/2013 - 15:59 | 3404992 slightlyskeptical
slightlyskeptical's picture

It is not Socialism, it is corporate Facism. That said, I am glad the people that are against Socialism are fighting Facism because of their beliefs against Socialism.

Wed, 04/03/2013 - 22:08 | 3406556 smacker
smacker's picture

 

"corporate Facism" , usually called 'corporatism' is where modern day socialism ends up.

All followers of corporatism, fascism, communism are lifelong socialists, some in denial.

They're simply different heads of the evil socialist snake, all eager to have ever more big government to control everything that breathes or moves.

Wed, 04/03/2013 - 16:19 | 3405178 Yes We Can. But...
Yes We Can. But Lets Not.'s picture

Gubmint is a cancer on the citizenry.  Socialism/fascisim/statism, they are metastatic agents, accelerants.

Wed, 04/03/2013 - 15:43 | 3404861 Clycntct
Clycntct's picture

Something Ventured. Lots of good stuff in it.

Wed, 04/03/2013 - 17:32 | 3405595 devo
devo's picture

What documentary was that?

Wed, 04/03/2013 - 12:51 | 3403936 RaymondKHessel
RaymondKHessel's picture

Cash Deposits? What's that?

Wed, 04/03/2013 - 12:55 | 3403953 JR
JR's picture

Here’s how George Soros and other exploiters with Fed connections make their money and why nations are looking for a way out of the Federal Reserve/IMF system that uses the power of the reserve currency to subordinate nations and establish control.

Gorokhov also answers how the BRICST (includes Turkey) can stop this exploitation with a new currency for payments amongst themselves (see the link) backed by “the natural resources, industrial potential and reserves of precious metals present in the member countries of this union.”

Financial Warfare and the Power of Money: “Attack is the Best Form of Defense”| Strategic Culture Foundation (excerpt) by Alexander Gorokhov

  Global Research, April 01, 2013

As with the major battles of conventional wars, the most spectacular and decisive events of financial wars are crises. The most significant crisis of the 20th century, the Great Depression, allowed all the banks’ gold in the United States to be concentrated in the Federal Reserve and FRS member banks to establish control over the lion’s share of American industry.

The financial crisis established in Great Britain in 1992 by currency speculator George Soros, who was closely connected to bankers from the FRS, not only enabled him to earn 1 billion dollars in a single day, but also caused the devaluation of a dozen European currencies, as well as delay the introduction of a single European currency for six years. Most importantly, however, was that it significantly increased America’s influence on the European economy through Americans buying up drastically cheaper shares in European businesses.

Soros was also one of the initiators of the 1995 crisis in Mexico which shelved plans for the construction of an interoceanic canal that would have rivaled the Panama Canal controlled by the Americans. In the same year, Soros dealt a blow to Japan, as the rapid growth of the country’s currency was threatening to transform it into a global financial centre, a rentier state whose yen-denominated loans were ensuring an explosive increase in the economy of Southeast Asia as a whole.

Immediately afterwards, with the support of FRS member banks, Soros brought down the financial systems of Indonesia, South Korea, Thailand, Malaysia, Thailand and Hong Kong – all the “Asian Tigers” were firmly shown their place in the cage, having been forced to tie their economies to the US dollar. Taking advantage of a fall in shares of these countries’ electronic companies and the resulting fall in the Dow Jones Index, American high-tech corporations – IBM, Intel, Motorola, Compaq, Dell and Hewlett Packard – bought up a considerable amount of these shares, as well as their own shares that had been “dumped” by third party investors. ...

Over the last few months, the US has been using its best endeavours to create a Free Trade Zone with the European Union with a view to finally removing the remaining barriers to the penetration of American capital into Europe and, after engineering the collapse of the euro, to buy up Europe’s tastiest morsels using vastly inflated dollars under the pretext of saving the EU’s economy…

One could argue that the USA simply does not have the money for such a large-scale operation. In point of fact, it is true that the government does not have enough.

The Federal Reserve System does, however, shown by the scandal that recently broke out in the States regarding the FRS providing secret loans to “loyal” banks totaling almost three trillion dollars. The banks that were lent the money used it to buy up shares in promising businesses throughout the world from private banks not part of the FRS and in a difficult financial position as a result of the 2008 crisis. The money obtained from the sale of shares went back to the buyer as debt repayments and back to the FRS. As a result, such huge loans did not cause hyperinflation for one simple reason: the money did not end up in the real economy. Nevertheless, “electronic zeros” taken from a “bottomless pocket” materialised as real authority over actual large-scale businesses.

http://www.globalresearch.ca/financial-warfare-and-the-power-of-money-attack-is-the-best-form-of-defence/5329303

Wed, 04/03/2013 - 13:19 | 3404104 resurger
resurger's picture

JR: You need to be on ZH contributors

Wed, 04/03/2013 - 12:55 | 3403954 Birddog
Birddog's picture

too big to fix

Wed, 04/03/2013 - 14:17 | 3404384 hooligan2009
hooligan2009's picture

as with a school of beached whales..the carcasses stink.  scavengers are attracted from miles and miles away by the stink and then gorge themselves on the corpses..virtual stink...hmmm...virtual predators = hedge funds = scavengers (like leeches, polar bears, sea gulls, worms etc etc) gorge themselves on banks (banks regulated out of the market) then restructure the banks into much much smaller bits (excrete the bits?) 

regulators have no clue how to regulate banks and desparately want to turn a blind eye to hedge funds because they are even harder to understand (requires intellect, consistency and honesty).

Wed, 04/03/2013 - 12:56 | 3403958 LawsofPhysics
LawsofPhysics's picture

Can we see the same analysis for the word "guillotine"?

Wed, 04/03/2013 - 14:12 | 3404358 hooligan2009
hooligan2009's picture

30 seconds of analysis of the word "gulliotine" which, by my reckoning, puts me on a par with a Finance MBA at a TBTJ bank or a Fed PhD researcher

Guillotine

Longue Lit (French: long bed) ,,,, a.ka. in a coffin, market collapses from going parabolic

I’ll tug one….you pull this zombie corporate out from under the guillotine and I will get the next one?

Get Lui Lion… the next one = fraudie and funnie (Freddie and Fannie)

Wed, 04/03/2013 - 13:06 | 3403973 virgilcaine
virgilcaine's picture

I wonder how many hedge funds use GLD paper  as "Cash" for the Brokerage Act and purchased Schtocks on Margin?  Crazy things happen with cheap money. People get greedy they don't change until... Well in the Last Depression they did for about forty Years. A generation of savers was created which I think is where we are headed.

Remember thiis IB commercials of the Fed Bldgs spewing out Cash to buy stocks on margin ? Those will mark the Top for  a l oong time.  Yes  a period of monetary madness it has been.

 

Wed, 04/03/2013 - 14:35 | 3404495 LawsofPhysics
LawsofPhysics's picture

A generation of savers that will save in accounts that can be stolen?  Save in what is the question.

Wed, 04/03/2013 - 13:03 | 3404010 Quonk
Quonk's picture

Walk...don't run...for now.  I'm converting an increased percentage of diggies into greenbacks...harder to track and to confiscate.  The greenback may be in decline but I would rather have greenbacks in a deposit box than digital entries in a system run by banksters and politicians (as if there is a difference).  At today's pathetic interest rates what is the incentive for exposing your money to the fractional reserve banking system?  Liquidity?  Yes, until they turn ATMs into misers with daily limits, cash depletion, or no access at all.  Can that happen in America?  I hope not...but hope is neither a tactic or strategy for cash preservation.

BTW - FUChase, FU

Wed, 04/03/2013 - 13:28 | 3404133 Bob Sacamano
Bob Sacamano's picture

Ok on greenbacks, but not in a bank safety deposit box.  They can easily make it unavailable to you.

Wed, 04/03/2013 - 13:50 | 3404241 Quonk
Quonk's picture

Agreed.  But I don't want to keep the cash and stacks at home for security reasons unless/until conditions suggest that the confiscatory risk is higher than the risk of keeping it at home.  I figure there will be a bigger window (days rather than minutes?) to evacuate deposit boxes than to withdraw digital cash.  A calculated risk for sure...just trying to stay nimble.

Wed, 04/03/2013 - 14:47 | 3404579 Henry Chinaski
Henry Chinaski's picture

A way to keep cash: 1/3 local bank, 1/3 local credit union, 1/3 "mattress."  Mattress cash can be divided between the deposit box, home safe or other hiding places.  When the Cyprus bank holiday was announced, cash came out of the deposit box.  If we go out of town, cash (and gold) goes back into the deposit box.  Yes physical items in your possession can be lost, stolen or destroyed.  It is increasingly evident that there are similar risks to assets held in the posession of your bank. 

The worst part is realizing that not long ago this strategy would have seemed crazy. Now it makes sense, even to my wife. 

Wed, 04/03/2013 - 13:05 | 3404022 ross81
ross81's picture

Meteor strikes Earth, a billion feared dead, 1000ft Tsunami making steady progress towards Kansas...

And in market news, the Dow shrugged off fears of global extinction to finish 50 points higher

Wed, 04/03/2013 - 13:30 | 3404155 the grateful un...
the grateful unemployed's picture

investment banks buy farmland in KS for pennies on the dollar, politicians announce taxpayer supported subsidy loans for beach resorts and casinos in Topeka, local politicians celebrate new jobs in the region, promise help for dislocated farmers, careers in the national guard with revolving door deployments to Afghanistan, in order to stop the terrorists who created the tsunami in the first place. the meteor which struck earth is locked up at CIA headquarters apparently has twice the amount of gold in the existing world supply, outside analysis to come later, meanwhile fed reserve announces new gold backed currency. just to finish your thought  

Wed, 04/03/2013 - 13:06 | 3404023 Sandmann
Sandmann's picture

French Minster keeps €600,000 in a UBS account in Switzerland. Does that make him a Shareholder or simply a stupid depositor ?

Wed, 04/03/2013 - 13:36 | 3404180 Diogenes
Diogenes's picture

It makes him a guy with connections. He will be warned before anything affects his account, if it is frozen he will be let out the back door, and if they pass a law he will be an exception.

Wed, 04/03/2013 - 13:58 | 3404277 hooligan2009
hooligan2009's picture

UBS: perpetrators of tax fraud and money laundering for decades...all for a nice fat fee of course, but that is a secret...

Wed, 04/03/2013 - 13:07 | 3404036 yogibear
yogibear's picture

Banksters are loose with money now. Max out debt, transfer into cheap assets now, while there is still a stronger dollar, then leave and default.

 

Wed, 04/03/2013 - 14:15 | 3404377 geewhiz
geewhiz's picture

Sounds like a plan if you can do it without collateralizing the assets and then hiding them in untouchable places (hidden PM's, Btc?)

Wed, 04/03/2013 - 13:13 | 3404063 GottaBKiddn
GottaBKiddn's picture

Leave it in, they confiscate it. Take it out, they devalue it. Take metal, they confiscate it. Complain, you die.

Wed, 04/03/2013 - 13:57 | 3404272 hooligan2009
hooligan2009's picture

see rule number 1

Wed, 04/03/2013 - 13:13 | 3404064 GottaBKiddn
GottaBKiddn's picture

Leave it in, they confiscate it. Take it out, they devalue it. Take metal, they confiscate it. Complain, you die.

Wed, 04/03/2013 - 14:29 | 3404268 hooligan2009
hooligan2009's picture

rule number one: don't deal with "they", restructure your life accordingly.

i am spartacus!

 

Wed, 04/03/2013 - 13:15 | 3404072 spinone
spinone's picture

From 40 to 100 is hardly dramatic

Wed, 04/03/2013 - 14:25 | 3404436 Matt
Matt's picture

the chart only goes to 100, I think.

Wed, 04/03/2013 - 13:19 | 3404091 devo
devo's picture

Clicked this thinking I'd see a gold chart.

Wed, 04/03/2013 - 13:29 | 3404147 Catullus
Catullus's picture

These numbers need to be seasonally adjusted. Then you'll see theres nothing to worry about.

I love how Lehman wasn't considered by most to be a bank run. Maybe because people saw it for what it was at the time: I-banks making bad bets. If Lehman or GS had crapped the bed, no depositors would have lost money. That was all investment money. You can lose all of it. You know that going in.

Wed, 04/03/2013 - 14:14 | 3404371 Ropingdown
Ropingdown's picture

Many of the bad bets underlay the profit plan of those who had sold GIC's (and by extension those who had purchased them). That is why Paulson freaked out in public on the very issue.  GIC's were a smart-money buy when deflation seemed to be the coming theme.  If they blew lots of insiders, finance and economist guys, would have lost a lot of money.  The companies, including insurance companies, would have lost money and ratings. 

Wed, 04/03/2013 - 13:30 | 3404151 SK8boarder
SK8boarder's picture

Bitcoin Bitchez,,,  its to hard to kick against the pricks,,,

Wed, 04/03/2013 - 13:31 | 3404161 Fix It Again Timmy
Fix It Again Timmy's picture

Look out folks, a "banking spanking" coming to your neighborhood, soon.....

Wed, 04/03/2013 - 13:36 | 3404177 Meat Hammer
Meat Hammer's picture

Some say it's a slow burn.  I say it's more of a backdraft and I'm just wondering who...or what...will open the door.

Wed, 04/03/2013 - 13:47 | 3404225 monopoly
monopoly's picture

Sometimes is just takes a little longer for events to play out. But when reality hits, look out.

Wed, 04/03/2013 - 13:56 | 3404265 Yen Cross
Yen Cross's picture

     CNBS is trying to blame the market dip on DPRK. What a bunch of worthless charlatans. Why is the $ selling off if that's the case? At times of war and conflict traders run to the $. Those parasites will do anything to distract people from the obvious.

Wed, 04/03/2013 - 15:02 | 3404666 negative rates
negative rates's picture

Your right, everyone knows you only fuck the dollar, anything more than that leads to straight insanity.

Wed, 04/03/2013 - 13:56 | 3404266 Meat Hammer
Meat Hammer's picture

BREAKING NEWS (LOL, isn't all news breaking news?)  Anyhoo...CNBC is talking about North Korea as being the thing that is making the market the most nervous at this moment.  I wonder which stocks .gov is telling Kim Jong Un to short in exchange for letting us incinerate a few million of his subjects as an excuse for the pre-planned collapse.  

Wed, 04/03/2013 - 14:13 | 3404375 smartstrike
smartstrike's picture

Spot on, the contractors are drinking beer out of their boots and dancing on the rooftops.

Wed, 04/03/2013 - 13:58 | 3404279 Hannibal
Hannibal's picture

Lets not forget it's "PAPER gold and silver" that's getting hammered.

Wed, 04/03/2013 - 14:09 | 3404339 devo
devo's picture

So is physical; it's a couple bucks over spot.

Wed, 04/03/2013 - 14:03 | 3404297 Tunga
Tunga's picture

This could easily be fixed by detonating an EMP nuke over the American heartland. Blame it on North Korea and all our troubles will be over in  jiffy. 

Wed, 04/03/2013 - 14:08 | 3404335 geewhiz
geewhiz's picture

Add the bitcoin price chart to this one. The canaries are howling right now. Could this be the boom this time?

Wed, 04/03/2013 - 14:10 | 3404356 j0nx
j0nx's picture

Aint no bankers or banks running scared. They know the FED (and your deposits) got their back. And if you get too lippy with them about it then they will have their hired government thugs paid from your own tax money to take care of you. End of story.

Wed, 04/03/2013 - 14:17 | 3404386 Yen Cross
Yen Cross's picture

     The only thing that has my back is the safe and gun in my house, and the fiat and shiny stuff in it.

Wed, 04/03/2013 - 14:28 | 3404457 hooligan2009
hooligan2009's picture

rule number 2: never discuss shiny bits being kept in your own house

Wed, 04/03/2013 - 15:06 | 3404680 negative rates
negative rates's picture

Just hope that hugh credit bubble doesn't explode inside, it could be spontaneous.

Wed, 04/03/2013 - 14:28 | 3404453 hooligan2009
hooligan2009's picture

bankrupt because the loans made on a leveraged (fractional reserve) basis have made losses that exceed accumulated profits (equity) 

the banking model should not have failed because the usurous loan rates provided a margin that more than covered actual ("normal") losses on loans

the one in a thousand year stochastic event (ok one in ten years, because the banking model failed to properly price in fat bonuses, fraud and inadequate quality analysis) took the Fed, the Government and the regulators by surprise because these groups were slovenly, complacent and also corrupted by the "perfection" of their own self-importance.

bleh

Wed, 04/03/2013 - 15:34 | 3404810 css1971
css1971's picture

Years? That's an understatement.

Centuries to millenia.

Wed, 04/03/2013 - 14:44 | 3404552 rlouis
rlouis's picture

Run bitch run

Wed, 04/03/2013 - 14:43 | 3404560 gmcniff
gmcniff's picture

Note to self: program algos to search for "recovery".

- Bernanke

Wed, 04/03/2013 - 14:47 | 3404582 cornflakesdisease
Wed, 04/03/2013 - 14:51 | 3404601 PontifexMaximus
PontifexMaximus's picture

The more bank-run-searches, the more comfortable people sit at home and snip a fine château lafite

Wed, 04/03/2013 - 15:03 | 3404653 casaananda
casaananda's picture

I went to my local bank in NC today and closed a small account. Walked out with 6k in my pocket in cash. So, I'm done with banks. I am my own banker. Fuckers wouldn't even give me a 20k loan because I have no credit history and never borrowed before, and am over 60!! But I am very pissed to see the bastards taking down gold and silver, because that all I own aside from a home, free and clear, and all phyzz. Can't complain,not in this world where 3 billion or more and just praying for the next meal. It's all about perspective folks. But still, I won't be happy till I see a complete system fail and reset. With gold and silver on top. And the oligarchs in jail.

Wed, 04/03/2013 - 16:00 | 3405001 notadouche
notadouche's picture

I wouldn't count on being happy then if your expecting your everything in your last two sentences to come true.

Wed, 04/03/2013 - 15:02 | 3404667 orangegeek
orangegeek's picture

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

 

I think we all knew that these lumps were full of fucking shit.

 

The question is when is this market is going to drop - so many have been caught short or with expired puts.

 

Lame financials coupled with rocketing share prices - neat trick.

Wed, 04/03/2013 - 15:08 | 3404684 negative rates
negative rates's picture

One day AFTER all the others.

Wed, 04/03/2013 - 15:15 | 3404720 bdub2
bdub2's picture

Today's ramp will be one in which I will tell my grandchildren about...via morse code...in the family fema camp...oh the silent memories we will share!

 

Come on Chairman Ben! Lead the POMO money printing way. You fucking American Traitor!

Wed, 04/03/2013 - 15:25 | 3404764 earleflorida
earleflorida's picture

coming to a european basksta nearest you, per order of the 'the highness and infinitely righteous troika... the concurrent outstanding 'MOU' has since been amended once again under 'executive order ez6102-2.0'... to take effect immediately!

thankyou for your ~$30Euro Oz. per par-value donation.

Wed, 04/03/2013 - 15:38 | 3404791 razorthin
razorthin's picture

Letting the market "correct" on a POMO day is a stroke of genius if you think about it.  Built-in floor while somewhat maintaining the appearance of an actual "market".

Wed, 04/03/2013 - 15:31 | 3404793 Quinvarius
Quinvarius's picture

QE5 will be the big recap of several trillion. They better do it pretty soon.  Their "no bank runs" koolaid is weak.  Their plan A, hemorrhaging gold into the void and praying, is not working.

Wed, 04/03/2013 - 15:36 | 3404816 Manipuflation
Manipuflation's picture

Holy Shit.  Can the cunts drive PMs down to zero or what?  Fuck them.  I just might have to buy some more silver dimes this evening.  Fuck off JPM.

Wed, 04/03/2013 - 15:41 | 3404833 razorthin
razorthin's picture

Manipulation aside, don't be surprised if PMs turn out to be a leading indicator of what's to come universally.

Wed, 04/03/2013 - 15:46 | 3404864 Quinvarius
Quinvarius's picture

The bankers don't know what is going on yet.  They still think they are trading.  Gold will go directly to 2000 when they figure it out and start getting scared.  In 2008, gold was at all time highs when stocks were at their lowest.  But it was a wild ride.

Really, if you keep your eyes off of the TV and on the macro, this is an easy environment.  You will always be ahead of some sector or stock analyst.

Wed, 04/03/2013 - 19:27 | 3406064 Manipuflation
Manipuflation's picture

I am not worried.  I have been at this PM stuff for a quite a while now.  I am thinking of buying more physical after they beat the shit out of silver today.

Wed, 04/03/2013 - 15:38 | 3404826 DrDinkus
DrDinkus's picture

there are plenty of nimwits that symbolize everything i hate about this system, but by golly bob pisani takes the cake!

Wed, 04/03/2013 - 15:57 | 3404981 notadouche
notadouche's picture

Hate to be a stickler but it's not exactly printed "without comment" as I count two seperate comments.  

Thu, 04/04/2013 - 02:25 | 3407029 tekmike13
tekmike13's picture

douche

Wed, 04/03/2013 - 19:14 | 3406012 Hythlodaeus
Hythlodaeus's picture

You're thinking of this place all wrong. As if I had the money back in a safe. The money's not here. Your money's inYannis 's house...right next to yours. And in the Kennedy house, and Mrs. Dimitriadis's house, and a hundred others. Why, you're lending them the money to build, and then, they're going to pay it back to you as best they can. Now what are you going to do? Foreclose on them?...Now wait...now listen...now listen to me. I beg of you not to do this thing. If Draghi gets hold of this Building and Loan there'll never be another decent house built in this town. He's already got charge of the bank. He's got the bus line. He's got the department stores. And now he's after us. Why? Well, it's very simple. Because we're cutting in on his business, that's why. And because he wants to keep you living in his slums and paying the kind of rent he decides. Joe, you lived in one of his houses, didn't you? Well, have you forgotten? Have you forgotten what he charged you for that broken-down shack? Here, Ed. You know, you remember last year when things weren't going so well, and you couldn't make your payments. You didn't lose your house, did you? Do you think Draghi would have let you keep it? Can't you understand what's happening here? Don't you see what's happening? Potter isn't selling. Draghi's buying! And why? Because we're panicky and he's not. That's why. He's picking up some bargains. Now, we can get through this thing all right. We've got to stick together, though. We've got to have faith in each other.

Thu, 04/04/2013 - 02:23 | 3407027 tekmike13
tekmike13's picture

certain death

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