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WTF Chart Of The Day: The "It's Not Working" Edition

Tyler Durden's picture




 

Despite Janet Yellen's commitment to continue supporting the economic recovery the transmission system of government interventions is clearly broken. As STA Wealth Management's Lance Roberts shows in the simple chart below, it has taken $35.17 of government intervention to generate $1 of economic growth over the past 5 years. More importantly, the rate of diminishing returns is increasing. In other words, it is taking consistently more dollars of intervention to create an incremental increase in economic growth.

 

 

In the meantime, as shown below, the continued liquidity programs from the Federal Reserve continue to boost asset markets towards more exuberant levels.

 

However, despite signs of a potential market "bubble" Janet Yellen clearly sees no such thing...

 

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Fri, 11/15/2013 - 11:56 | 4157815 Gunga
Gunga's picture

Does anyone really believe that their intention is to help main street America ?

Fri, 11/15/2013 - 12:00 | 4157825 hedgeless_horseman
hedgeless_horseman's picture

 

 

 

Fri, 11/15/2013 - 12:02 | 4157842 DOT
DOT's picture

Copied that.

T-shirts available soon!

Fri, 11/15/2013 - 12:06 | 4157861 Pladizow
Pladizow's picture

Democracy is a suggestion box for slaves!

Fri, 11/15/2013 - 12:11 | 4157880 Skateboarder
Skateboarder's picture

Where the suggestions are pre-suggested!

/whacks hambone.

Fri, 11/15/2013 - 12:16 | 4157902 Divided States ...
Divided States of America's picture

Trust me, the other 34 dollars didnt just disappear. They went to the 1% (aka zionist fucks who are aided by the likes of Yellen, Bernanke, Greenspan, Genslar, Fink etc), while the rest of us split the buck.

Fri, 11/15/2013 - 12:18 | 4157908 hedgeless_horseman
hedgeless_horseman's picture

 

 

"I don't care who does the voting, as long as I get to do the nominating."

-Boss Tweed

Fri, 11/15/2013 - 12:41 | 4158004 A Nanny Moose
A Nanny Moose's picture

"I consider it completely unimportant who in the party will vote, or how; but what is extraordinarily important is this—who will count the votes, and how." - Joey Stalin

Fri, 11/15/2013 - 14:38 | 4158477 knukles
knukles's picture

Nothing Fucking Works
Nothing

Pay any attention and aside form the standard MSM Propaganda Machinaitons, there is no Joy in Mudville.
In fact, it's pretty damned dismal

And by and large, nobody fucking cares.

Fri, 11/15/2013 - 14:55 | 4158582 GetZeeGold
GetZeeGold's picture

 

 

They should have just cut us all a check.

Fri, 11/15/2013 - 17:45 | 4159234 Keyser
Keyser's picture

It's a WELL DUH moment for the administration. They fail to realize that if people have no incentive to go out and find work, they will sit on their ass and collect welfare checks. $1 trillion in welfare payments alone last year. WTF, over... 

 

Fri, 11/15/2013 - 14:31 | 4158448 Silveramada
Silveramada's picture

 

"I don't care who does the voting, as long as I do the counting"

J. Stalin

Fri, 11/15/2013 - 15:51 | 4158801 Anusocracy
Anusocracy's picture

Even here on ZH there are many who don't understand that in the past the elite/royalty ruled by divine right, but that that same parasitic class rules by democratic right in the present.

Democracy is a deception used to hide the enserfment of the masses.

Fri, 11/15/2013 - 17:14 | 4159089 Element
Element's picture

They just need a few more wars and all this stuff will sort itself out once more, you'll see. It's these pissy little insurgencies and half-assed 'occupations', they don't deliver the economic zap value. We need a good pretext, to save the world from nefarious warmongers. This requires invading Washington, London, Paris and New York, but the scripting and characters kinda blow. That foreign schmuck they've got playing the warmonger-protagonist, he completely sucks-ass at anything he puts his hand too, the stupid bastard can't even start a war right. But they can clean-up those little plot inconsistencies and discontinuities when they re-write hystery. Hey, don't laugh, it works, done it before, many times ... this ain't our first rodeo ... you should have more faith in the arsenal of democracy. Plus the fourth-estate never fails to get the war narative rolling, and an MIC recovery going ... you'll see ... always darkest before the dawn.

Fri, 11/15/2013 - 17:04 | 4159077 Random_Robert
Random_Robert's picture

"Who casts the votes means nothing... who COUNTS the votes means everything"

-Stalin

Fri, 11/15/2013 - 13:27 | 4158189 Harbanger
Harbanger's picture

Socialist/keynesian economic stimulus works by taking money from the entire private sector through taxation, and then giving some of that money back to a the well connected few in the private sector.

Fri, 11/15/2013 - 13:38 | 4158228 Bobbyrib
Bobbyrib's picture

They don't even have enough money (taken from taxes) to pay for everything. It is being "printed." Really the money being digitally created is propping up prices, so that the people who mis-allocated their money (the private sector [think of QE and TARP]) could be bailed out and helped not to collapse.

It wouldn't matter who is President (McCain and Romney being the prime replacements to Obama), the country will conitnue to suffer as long as the TBTF's are propped up at our expense and the recovery will not start. What will continue is mailnvestment. 

Fri, 11/15/2013 - 14:20 | 4158407 spine001
spine001's picture

Don´t let them confuse you QEs and TARP are indeed taxes, just dressed like somethng else so that the bankers can take a cut

Fri, 11/15/2013 - 15:02 | 4158471 Ham-bone
Ham-bone's picture

I pulled a little data from ’00, ’08, and ’13 trying to understand the rapid growth in public debt and the slow down of non-marketable debt. Interestingly, alongside the Fed and it’s huge increases in QE have been foreigners buying even greater amounts of US T debt at ever lower yields. 

I have no visibility or insight as to who these foreigners are (CB’s?, foreign PD’s?, institutional?, retail?.) or what $'s they are using (currency swaps, QE from US branches of foreign banks, recycling, etc.). 

What I really want to know is that if the Fed intends to be credible regarding a tapering it would seem that the only party left to buy these T’s would be these same foreigners, at ever greater % of outstanding US T debt, and at ever larger loses on their existing T holdings?  If not foreigners, who exactly would be the step-in buyer?

And of the interest to be paid on this debt, given 50% of Notes/Bonds are foreign held, all this interest will exit the US economy not creating velocity or money multipliers...and assuming foreigners are the primary buyer for future T debt @ higher rates, this interest paid will become a greater and greater sucking sound on the economy??? 

Likewise, with the deceleration of the SS "surplus", the growth of non-marketable debt will cease and potentially begin declining neccessitating even more public T issuance to pay for this...putting even greater pressure on someone (foreign someones?) to soak up this issuance?  And ever less remitance from the Fed and intra-gov debt returning to the Treasury resulting in even larger budget deficits???

Seems a few of these questions of Janet would have been in order???

'00

  • GDP $9.5 T
  • Marketable debt = $3.3 T  (blended interest rate of 6.4%)
  • Non-marketable debt = $2.3 T
    • Fed           2% of Notes/Bonds/TIPS ($50 B)
    • Foreigner 30% of Notes/Bonds/TIPS (890 B)

'08

  • GDP $13.7 T
  • Marketable debt = $5.1 T  (blended interest rate of 5%)
  • Non-marketable debt $4.1 T
    • Fed  4% of Notes/Bonds/TIPS ($200 B)
    • Foreigner  42% of Notes/Bonds/TIPS ($2.2 T)

'13

  • GDP $16 T
  • Marketable debt = $12.2 T  (blended interest rate of 2.3%)
  • Non-marketable debt = $4.9 T
    • Fed           22% of Notes/Bonds/TIPS ($2.2 T)
    • Foreigner  50% of Notes/Bonds/TIPS ($5 T)
Fri, 11/15/2013 - 12:23 | 4157928 rum_runner
rum_runner's picture

Sign me up for about a hundred stickers.

Fri, 11/15/2013 - 12:14 | 4157891 Spastica Rex
Spastica Rex's picture

Superb.

Had to login just to say that.

Fri, 11/15/2013 - 12:40 | 4157999 Seer
Seer's picture

Pure brilliance, thanks!

Fri, 11/15/2013 - 12:00 | 4157832 Buckaroo Banzai
Buckaroo Banzai's picture

...and the Useful Idiots will cry, "it's not working because we're not doing enough of it! MOAR!"

Fri, 11/15/2013 - 15:52 | 4158806 Herd Redirectio...
Herd Redirection Committee's picture

Yes, God forbid the thought cross their mind "Its not working because we're doing too much of something we shouldn't doing at all"

Complicit criminals, every one.

Fri, 11/15/2013 - 12:00 | 4157833 Hedgetard55
Hedgetard55's picture

+55

 

Can't believe there are more than 2 or 3 ZH readers that might believe it is about anything other than propping up Wall Street at the expense of Main Street.

Fri, 11/15/2013 - 13:40 | 4158234 Bobbyrib
Bobbyrib's picture

I just posted this above. I hadn't seen your comment yet. It's economic facism (in the form of crony capitalism), not socialism, nor communism..

Fri, 11/15/2013 - 11:56 | 4157816 DOT
DOT's picture

3:1   4:1     5T:1

Who cares and when will the numerator go to infinity?

Fri, 11/15/2013 - 12:04 | 4157847 Dr. No
Dr. No's picture

Alternatively, you could drop the denominator to approach zero (econ growth) and get the same effect.

Fri, 11/15/2013 - 13:04 | 4158111 PT
PT's picture

35:1 eh?  Would that also happen to be the ratio of QE printed to bankster bonuses handed out?

i.e. Print 85 billion per month, 85/35 = 2.43 billion per month paying all the different bankster bonuses amongst the TBTF?

Anyone got the numbers?  Anyone?  Anyone? 

Fri, 11/15/2013 - 11:57 | 4157819 Bearwagon
Bearwagon's picture

What?! It's not working? Bullshit! It works perfectly!

Fri, 11/15/2013 - 13:39 | 4158230 rosiescenario
rosiescenario's picture

Exactly.....we here are just not in the correct universe to be a beneficiary of this...

Fri, 11/15/2013 - 11:57 | 4157820 Pareto
Pareto's picture

BTFATHMFs

Fri, 11/15/2013 - 11:57 | 4157821 SamAdams
SamAdams's picture

Those dollars are getting expensive...

Federal Advisory Council Notes:  http://www.federalreserve.gov/aboutthefed/fac.htm

http://www.federalreserve.gov/aboutthefed/fac-20130920.pdf

Fri, 11/15/2013 - 11:59 | 4157826 g'kar
g'kar's picture

Chart 2 = The Pork Pipeline

Fri, 11/15/2013 - 11:59 | 4157829 firstdivision
firstdivision's picture

Keynes called, he said try increasing the amount

Fri, 11/15/2013 - 13:31 | 4158201 NIHILIST CIPHER
NIHILIST CIPHER's picture

Hey Keynes.......... 2Q + 2Q = 4Q

Fri, 11/15/2013 - 12:00 | 4157831 Max Damage
Max Damage's picture

Print baby print. Debase and devalue. Enrich the few to enslave the many. DISGUSTING

Fri, 11/15/2013 - 12:01 | 4157840 yogibear
yogibear's picture

More debt and Fed QE until a currency crisis. The Fed is buying everything. This should make the central planners in North Korea proud. Making a few people very wealthy.

Fri, 11/15/2013 - 12:14 | 4157892 Everybodys All ...
Everybodys All American's picture

A dollar crisis may be closer than you think ... 

http://investmentwatchblog.com/ditching-the-dollar-canadian-province-issues-2-5-billion-in-chinese-yuan-bonds/

This is the first time a foreign government has issued offshore yuan bonds. Mike de Jong, finance minister of Canada’s westernmost province, said officials had intended to raise only 500 million yuan but the bonds were largely oversubscribed.

Fri, 11/15/2013 - 14:01 | 4158205 Diogenes
Diogenes's picture

In the 70s Canadian provinces shrewdly avoided paying 12% interest (the going rate at the time) by issuing Japanese yen and German mark denominated bonds, which only had an 7% coupon.

Before the bonds were paid off the yen and mark doubled, doubled again and maybe doubled a third time.

What in the hell possessed these cretins to sell Yuan bonds when interest rates for governments are practically 0 and the world is afloat in money, is beyond me.

Fri, 11/15/2013 - 12:13 | 4157852 raki_d
raki_d's picture

Janet or Ben wd only be interested in 1 and only 1 chart: smthing that tracks what d ve happened if there was NO intervention: 50% unemployment ? FAZ at 1000x? Dow@ 1000 ?They are shit scared and dont care but continue to print print print

Fri, 11/15/2013 - 12:07 | 4157862 Everybodys All ...
Everybodys All American's picture

I have to wonder if Bernanke is still thinking his PHD is worth the paper it was written on at this point knowing what we are doing today is essentially his thesis.

Fri, 11/15/2013 - 12:20 | 4157917 WillyGroper
WillyGroper's picture

If he gets out before it blows up, he'll just repeat the same revisionist circuit as Alan Greedspam.

Whocouldanode?

Fri, 11/15/2013 - 12:07 | 4157865 Hobbleknee
Hobbleknee's picture

How is it considered growth when all that intervention has to be paid back?

Fri, 11/15/2013 - 12:21 | 4157920 akarc
akarc's picture

ROTFLMAO

Fri, 11/15/2013 - 12:25 | 4157933 rum_runner
rum_runner's picture

"has to be paid back"

 

meh.. just roll it forward.  New 150 Year Term Warrior Patriot Freedom America Ultra Bonds.

Fri, 11/15/2013 - 12:43 | 4158019 Seer
Seer's picture

You need to put "turbo" in there!

Fri, 11/15/2013 - 12:08 | 4157869 RobinHood73
RobinHood73's picture

You guys said it best recently by quoting Upton Sinclair

"It is difficult to get a man to understand something when his salary depends upon his not understanding it."

Banks love this bubble. Goldman is dab in the middle of this as we speak. Matt Tabbibi piece should be re-read now that we sit at 1800 S&P. As soon banksters can put in place 3 trillion short position on SPY derivatives, then we roll over HARD

Fri, 11/15/2013 - 12:09 | 4157873 dcb
dcb's picture

tyler, that the fuck is wrong with you. you know these programs aren't there to produce growth. that's just cover. they are there to make central banker cronies and the 1% better off and give them back the money they lost from the crisis, preserve the status quo and system. to make sure those in power before remain in power, and to cover up how really shiity a job central bankers have done in regulating our financial system. we need high asset prices so our over leveraged banks aren't insolvent.

 

they are also there to allow wall street to continue to pillage.

growth is a secondary concern, not a primary concern at all. if it was a real concern they would have figured out a way to skip all the money being diverted into assets and managed to get it into the real economy. they would be working on the transmission mechanism instead of cementing the status quo.

 

Please give me a break, Why do we even pretend it's about growth or the economy. it's not

Fri, 11/15/2013 - 12:54 | 4158072 Seer
Seer's picture

"Please give me a break, Why do we even pretend it's about growth or the economy. it's not"

I understand your frustrations, but I DO believe that it's about growth and the economy.

There's nothing sinister going on that hasn't been shit that's been going on for a LONG time.

Our "economy" is based on growth.  TPTB have faked growth for over 40 years (the turn down the other side of the parabola took place in 1971).  And gravity being what gravity is, it could only ever pick up speed.  More convolunted schemes to create illusions of growth have been visited upon us year after year.  Anyone who thinks that TPTB are witholding some treasure-trove of growth ought to consider that this System serves THEM, and by undermining it (when they've got all the wealth then they have no growth, and it's growth that is essential for them to exist) they undermine their positions of control/power.

The longer that we self-distract by thinking that the "PLAN" is to take away growth and or to "steal" our "wealth" then the longer we'll go without being able to formulate real solutions (and at some point we are likely going to run out of time).

Fri, 11/15/2013 - 13:18 | 4158166 malek
malek's picture

So they also faked the famines not happening, even though forecasted as unavoidable around 1971?

Fri, 11/15/2013 - 14:46 | 4158519 spine001
spine001's picture

To the down voters above, the fact that we don´t like it doesn´t mean that it is wrong. He is correct in his assertions. 

The main reason for the monetization is to dilute the debts of all. For doing that somebody has to loose a lot. Since the richest have access to the best resources they are protecting their wealth by increasing it through QE by knowing ahead of all of us what the game is and how it will be played. After it is all over, only the people that made 100% per year will have been able to maintain their capital. Those rare few who made more, enriched themselves. The 99.9999% will loose 99.99% of their wealth in whatever form they had it stored. Precious metals, land, buildings, etc. There is no ther mathematical alternative for a world with 1 quadrilliion of paper assets going on 2 and only a few hundred trillion of real assets in today´s dollar equivalents (which will be a lot more in fiat term tomorow).

 

 Chew on that one!

Fri, 11/15/2013 - 13:45 | 4158255 centerline
centerline's picture

+1.  All variations on ponzi schemes.  Is human nature.  So it comes and goes in cycles.  Organic growth on the back of Bretton Woods rolled over a long time ago.  So, leverage was cranked up and up and up.  Now the world is mired in debt.  We are in a topping process where synthetic growth (fake growth) is turning into the equivalent of economic cannabilism.  In the case of Western Civilization, redistribution.

Fri, 11/15/2013 - 12:09 | 4157874 pragmatic hobo
pragmatic hobo's picture

what do you mean it's not working? in order to get that $1 in the pockets of the 90% the top 0.001 % is pocketing $34.17 ... it's cleary working as intended.

Fri, 11/15/2013 - 12:19 | 4157910 akarc
akarc's picture

And as long as that continues the markets will stay on Viagra and of course without immediate attention will suffer long term consequences (But Doc, it was the best 8 hours of my life)

Fri, 11/15/2013 - 14:55 | 4158583 spine001
spine001's picture

All revolutions in history started when the money makers were affected.

Given that there are hundreds of trillions of paper assets, considered safe, since they are insured across and along the present financial system through derivatives. There is no peacefull way to unravel that crazyness other than to dilute it with monetization.

Therefore, to avoid a revolution of today´s largest asset holders, governments are giving them QE and saying save yourself if you can, and they are doing it. While they believe they can save themselves and even get ahead of the pack, they won´t revolt or fund a revolution. That is what QE is doing, nothing less, nothing more.

Of course, the asset transfer can only come from where they currently are, and obviously they will come from the weakest holders in society, the law of the jungle has always been the same, survival of the fittest!

Fri, 11/15/2013 - 12:10 | 4157876 Dr. Engali
Dr. Engali's picture

Of course old yeller doesn't see a bubble. She's not about to pop it with her testimony. She'll wait until she is given plenty if cover, probably war, to vaporize the market.

Fri, 11/15/2013 - 12:24 | 4157919 SheepDog-One
SheepDog-One's picture

The next collapse will come right when everyone is convinced it can't possibly happen, and are diverted by something else. 

When you're seeing crazy full-retard articles like the one yesterday from some fund managers declaring that 'no bubble has ever been identified ahead of time', you know it can't be too far away.

'No one has ever predicted a bubble, therefore because people are saying it is a bubble proves this is not one' is what crazy desperate people say.

Fri, 11/15/2013 - 14:48 | 4158533 ChaosEquilibrium
ChaosEquilibrium's picture

Yes Yossarian!  Don't FUCK with 'The Syndicate'!

 

Fri, 11/15/2013 - 14:51 | 4158556 Bearwagon
Bearwagon's picture

"Everybody has a share!" Milo Minderbinder

Fri, 11/15/2013 - 15:03 | 4158613 superflex
superflex's picture

M&M Enterprises FTW

Fri, 11/15/2013 - 14:51 | 4158554 cougar_w
cougar_w's picture

It works exactly because it is what people want to hear.

Fri, 11/15/2013 - 14:56 | 4158589 Seer
Seer's picture

Yep!

I recall back when the ME wars were cranking up an instance of some pro-war propaganda being pushed around.  It was clearly Photo-shop'd shit, and when I'd confronted someone about this they replied "so what?"  SO WHAT?  You like being lied to?  Yes, people's hate and greed requires suspention of disbelief, to the point that they actually start BELIEVING in the lies.

Fri, 11/15/2013 - 12:40 | 4158002 carbonmutant
carbonmutant's picture

The banks would have to exit first... slowly... like boiling a frog.

Fri, 11/15/2013 - 15:24 | 4158696 daveO
daveO's picture

They prefer to crater the markets after their swearing in!  

Fri, 11/15/2013 - 12:11 | 4157881 RaceToTheBottom
RaceToTheBottom's picture

Hmmmm, need moar leverage!!!

Fri, 11/15/2013 - 12:12 | 4157886 RobinHood73
RobinHood73's picture

Banksters are orchestrating the most audacious Pump- And -Dump ever : the entire US stock market, and the Fed is their cover.

Fri, 11/15/2013 - 15:00 | 4158581 cougar_w
cougar_w's picture

Close, but not quite.

It is far larger than the US stock market.

It is about the size of western civilization, and over the next few years they are going to extract every dime of value they can from the previous 800 years of blood and sweat equity invested by 30 generations of free men, abused slaves, and exploited children the latter being killed in the fields and factories and battle grounds of an endless stream of corrupt empires.

Wrap your brain around that and if in a few days you can even manage it and in the process not end up shooting yourself in the head from crushing regret, come back here and tell me that is just audacious.

Fri, 11/15/2013 - 15:00 | 4158604 Seer
Seer's picture

We're now starting to canabilize ourselves because we can no longer canabilize the future.  Because these folks control the levers (and we STILL allow them to) they most certainly will see to it that everyone else goes first.

Like with all large-scale disasters it's best to know what really is important in life.  Sometimes it's best to leave everything in order to stay alive.

Fri, 11/15/2013 - 15:27 | 4158706 daveO
daveO's picture

A False Flag, like Nuking the West Coast, then blaming China, would be a good bet.

Fri, 11/15/2013 - 16:13 | 4158896 cougar_w
cougar_w's picture

Delusion like that is not going to save you. They are already eating you alive. Outrun them or die, and no nukes are required for the latter.

Fri, 11/15/2013 - 12:12 | 4157887 ABG LINE
ABG LINE's picture

The Road to Serfdom.

Fri, 11/15/2013 - 12:15 | 4157895 game theory
game theory's picture

It's working.  The government workers and all the defense contractors that have been getting the "deficit" money are doing just fine. They have nice houses and new cars and their college funds are topped off and they think things are going great. They have read about the recession...but they are more focused on "serving America" by making sure their gov't health plans are not changed despite the new laws. They also have new data centers in Utah so they can monitor citizens who are probably terrorists because those citizens are getting a little restless about seeing crooked bankers still running free; maybe the citizens are unhappy that no matter when times are good or bad, the gov't does whatever it wants.

Fri, 11/15/2013 - 12:17 | 4157907 CuttingEdge
CuttingEdge's picture

Watched Old Yeller II for about 5 minutes yesterday and came to an unavoidable conclusion based on her manner and utterances:

The USA is fucked. End of.

And that bitch needs the same as her namesake - a bullet in the brainpan.

 

The only question is, how long till the revolution?

Fri, 11/15/2013 - 13:09 | 4158126 Seer
Seer's picture

"The only question is, how long till the revolution?"

You missed it.  The only thing left now is the shooting...

Fri, 11/15/2013 - 13:14 | 4158141 PT
PT's picture

Please don't confuse the two.  Ol' Yeller earnt his keep.  Ol' Yeller was a hero.  What is Yellen?

Fri, 11/15/2013 - 15:03 | 4158614 Seer
Seer's picture

I don't get distracted by the players, as doing so distracts me from seeing the "game."

Also, I don't engage in "hero worship" (that's TPTB's mechanism for control).

Fri, 11/15/2013 - 15:28 | 4158718 daveO
daveO's picture

Parasite. 

Fri, 11/15/2013 - 12:18 | 4157912 SheepDog-One
SheepDog-One's picture

Oh definitely it's the new system of 'MOAR'...unfortunately, just like a heroin junkie the 'MOAR' will one day suddenly be a deadly overdose.

Fri, 11/15/2013 - 12:23 | 4157929 paddy0761
paddy0761's picture

You didn't increase that rate of diminishing returns.

Fri, 11/15/2013 - 12:35 | 4157978 SRVDisciple
SRVDisciple's picture

You keep using that term "Government Intervention". I do not think it means what you think it means.

It should be: "58% on-the-backs-of-the-taxpayer, 42% created-from-vapor intervention"

Fri, 11/15/2013 - 12:43 | 4158013 Downtoolong
Downtoolong's picture

Shouldn't the label "S&P 500 Projected" be changed to "S&P 500 Planned"?

Fri, 11/15/2013 - 12:56 | 4158083 Father Lucifer
Father Lucifer's picture

Yellen is a big fat liar. Literally

Burn in hell Yellen

Fri, 11/15/2013 - 13:10 | 4158131 Seer
Seer's picture

Well, thanks for the revelation...

Fri, 11/15/2013 - 13:24 | 4158181 Jameson18
Jameson18's picture

She is Yellen like a Fellen

//
Fri, 11/15/2013 - 14:28 | 4158436 kralizec
kralizec's picture

Stop fuckin' Yellen!

So many meanings to that...!

Fri, 11/15/2013 - 17:44 | 4159213 Element
Element's picture

Everyone seems to struggle to formulate some insult from her name and personage. Look guys, she's just a fearless kike, taking over the family business, and all you haters should applaud her for smashing that glass-ceiling. She's come from great disadvantage and lowly status with so few opportunities or prospects, but has pulled herself up by her own bootlaces, and made her own luck and risen steadily, creme-e-la-creme, to the very pinnacle of international kike-ism. We should openly acknowledge this and give credit where it's due, and celebrate, with her clan, this remarkable personal dedication to the promotion of formal white-collar criminal free-enterprise.

 

F R E E D O M ! ! !

 

Which means never getting drawn-and-quartered for what you've done.

Fri, 11/15/2013 - 13:24 | 4158180 ak_khanna
ak_khanna's picture

Federal Reserve of the Banks, by the Banks and for the Banks. 

The rest of the country and its citizens be damned. The main aim of the political class and the central bankers worldwide is to create one bubble after another for the zombie bankers to feed on. The majority of the population who actually work hard to earn their living by engaging in productive work have to pay the price by either loosing a majority of their earnings in the form of taxes, interest on loans or paying the bill for the bailouts. 

Austerity is the short term pain to build a base for longer term sustained economic growth. If someone (individual, corporates or government) has been spending more than their earnings for a long period of time, they will have to cut their current and future expenditures to repay the loans and save for the future. Austerity can only be successful if it is implemented on all the classes of people in a the country. Austerity fails when it is implemented on only the middle and lower class of people whereas the rich continue to pay minimal percentage of their income as taxes and the politicians enjoy lavish lifestyle on taxpayers expense.

www.marketoracle.co.uk/Article40231.html

Fri, 11/15/2013 - 13:26 | 4158186 no more banksters
no more banksters's picture

An example of how the banking cartels control countries

http://failedevolution.blogspot.gr/2013/11/an-example-of-how-banking-car...

Fri, 11/15/2013 - 13:26 | 4158187 Sufiy
Sufiy's picture


Taper Anyone? China, Interest Expense On The U.S. Debt Outstanding And Gold. 


US Dollar is running wild today trying to understand the FED's talk. "We will taper at some point data permitting, but will keep ZIRP until 2016 now" - with this kind of double talk from the both sides of the mouth anyone can get confused very soon. What is the best cure from the Taper Impulsive Disorder?  - Higher Interest Rates.ZeroHedge reports that they are moving up fast with the first sign of Taper confusion in the headlines and below you can find the reason why it is impossible to Taper anything now.    Amount of US debt is so huge at 17.1 Trillion, that interest expense is one of the largest on record even with record low interest rates and stands at 415.7 Billion in 2103. Now double it and apply to US Economy general statistics, then do the same after listening to John Williams from shadowstatistics.com about the real numbers. We guess that Chinese have run these numbers long time ago and buying all physical Gold now they can get. http://sufiy.blogspot.co.uk/2013/11/taper-anyone-china-interest-expense-...

Fri, 11/15/2013 - 15:12 | 4158655 superflex
superflex's picture

Sufiy,

Every time I go to your blog, I see the video of Tara out of the corner of my eye and think I see a nipple slip.  

Then i look more closely, and realize it's only her dress.

One can dream, i guess.

Fri, 11/15/2013 - 15:24 | 4158695 Seer
Seer's picture

I don't know why people would think that the Fed ought to telegraph what they're going to do and then stick to doing it.  When you have folks betting against you that could take such things and totally turn over your apple cart...

Regarding China buying up a bunch of gold, there's also tiwsts in all of this that most don't get/foresee.

What if it goes down that US-China trade collapses?  USTs held by entities other than the Fed turn into liabilies (Fed doesn't care- I fully expect they're real goal is to gobble up as much bad shit as possible and then get dissolved).  The US basically defaults (though it'll be a "restructuring" ala 1971).  China then doesn't sell to the US.  Full blown trade war.  No stretch of the imagination necessary to follow along to here, yes?  So, let's continue...

China scambles for an external market to prop up its production capacities: don't kid yourselves that China could consume it's own output; if that were the case then why the ghost cities?  Who do they dump their goods on?  Gold can buffer export drops for a while, but due to the fact that they're a big importer of energy and other raw materials they'll likely burn through that gold faster than most might figure.

The US, being the kings of deception (think about it- over 40 years of getting shit for basically nothing, that's some trick!), have reserves of physical resources (excluding PMs) that rival that which anyone else has.  As long as you have physical resources you pretty much have everything.

Fri, 11/15/2013 - 13:28 | 4158193 world_debt_slave
world_debt_slave's picture

oh, those ivory towers that never go away until reality destroys them

Fri, 11/15/2013 - 13:32 | 4158202 worldofdebt
worldofdebt's picture

No worries... just use the video below "JIM CRAMER'S TERRIBLE STOCK PICKS--MUST SEE!!"... HILARIOUS!!

https://www.youtube.com/watch?v=Lhwplunz7-I

 

Fri, 11/15/2013 - 14:37 | 4158472 cougar_w
cougar_w's picture

Christ on a pencil nobody cares about Jimmy anymore. The entire world is on God-damned fire. If you gain even 10 seconds of pleasure from watching that guy face-plant then you need to reorder your priorities. He likes being laughed at, keeps his name on everyones' mind, keeps him a media hero rolling in the bux. Well he's nothing but a self-promoting prostitute to the financial class. The only people should be paying any attention to that clown are blind and crippled old folks in a care home in Iowa who can't get out of their rockers well enough to throw a hammer at the TV. The rest of you fuckers got no excuse at all none so leave it alone.

Fri, 11/15/2013 - 14:40 | 4158483 IridiumRebel
IridiumRebel's picture

Yo Captain "Copy/Paste Pimp my Youtube Channel".
STOP. It's on every comment thread. Once or twice is fine but Jeebus....comment with validity and something to add please. This is just spam and needs to stop.

Fri, 11/15/2013 - 13:34 | 4158213 vegas
vegas's picture

Dear Helicopter Janet,

Send me $1 Large in POMO money for ramping S&P futures on the close, and a paltry 10 million for strategic investing in women and alcohol and together we can make that chart go up. Regards, -vegas

Fri, 11/15/2013 - 13:37 | 4158222 cougar_w
cougar_w's picture

The growth engine imploded 20 years ago. So if government spending cannot create growth, then were does growth come from now?

Not a rhetorical question. I suspect not a single person here can answer that question in a way that does not invoke faith, luck, miracle, or war.

I've been over it many times, and there may be no actual solution.

Fri, 11/15/2013 - 13:49 | 4158277 centerline
centerline's picture

Easy.  There will be no growth.  And that means the current economic systems will fail.

Fri, 11/15/2013 - 14:11 | 4158362 Diogenes
Diogenes's picture

There is less actual productive work going on. They sent the manufacturing jobs overseas in the 70s and 80s. The steel mills, the factories that made America great, all gone.

Since the Reagan years all the "growth" and "prosperity" has been from borrowed money. Like a guy who loses his job and continues living large as long as they keep giving him more credit cards and the bank keeps refinancing his house and all his friends keep loaning him  money.

Except a government can keep this up longer than any individual and longer frankly than I believed possible 40 years ago. Every time one scam collapses they have a new one up their sleeve.

Can't wait to see how they get out of this one.

Fri, 11/15/2013 - 14:29 | 4158442 cougar_w
cougar_w's picture

No kidding. What the actual fuck were they thinking? They were thinking about getting rich quickly, and no more than that. Now this sack of moldy shit is going to burn for 100 years.

Greatest nation in the world. Pimped to the merchantile class like a $5 whore.

Fri, 11/15/2013 - 15:27 | 4158707 Seer
Seer's picture

Nid figures that we do it via rocketships...

Yeah, I'm not holding my breath.  I suppose that I'm just such an old stuck-in-the-mud conservative that I'm doomed to hold on to the notion of basing decisions on probability rather than "possibility."

Fri, 11/15/2013 - 16:16 | 4158910 cougar_w
cougar_w's picture

And the guy that had his neck in a noose and someone's hand on the lever was also hoping for a miracle.

That's fine. Go out with a glimmer of hope. It's everyone's right. But notice, everytime it's the guy who pulled the lever was the only one actually walk away.

Fri, 11/15/2013 - 13:48 | 4158272 joego1
joego1's picture

It's simple. When you join the Fed you are issued glasses with UV and BR (bubble resistent) coatings. That enables you to see the financial details without that nasty bubble glare in your eyes.

Fri, 11/15/2013 - 13:51 | 4158292 centerline
centerline's picture

The banking system as we know it is the bubble that all other bubbles are formed within.  That is why she can't see it (or won't/can't admit to it - yet).

Fri, 11/15/2013 - 15:28 | 4158716 Seer
Seer's picture

Where's William Banzai?  We need a quick picture of Yellen as "Boy In The Bubble!" (now thinking about it I seem to recall that he'd already done this with Bernanke?)

Fri, 11/15/2013 - 13:50 | 4158280 steveo77
steveo77's picture

I saw this on a website, and it consists of real screen captures from the ACA website.

Its a good way to understand a few of the realities of ACA in about 5 to 10 minutes.    This is way better than just spouting talking points of "your team"

The website commentary starts as such

1) Massive invasion of privacy even before you can get a somewhat customized budget estimate.

2) You sign away all your rights and privacy for yourself and your family, and actually authorize the Department of Homeland Security to investigate yourself and your family. And this is BEFORE you can get an actual quote.

Check it out

http://nukeprofessional.blogspot.com/2013/11/aca-obamacare-fiasco-real-d...

Fri, 11/15/2013 - 14:03 | 4158335 q99x2
q99x2's picture

The FED is lying. Yellen will be lying. Bernanke lied. Greenspan lied. Obama is a psychopathic lier. All the bills that they pass on behalf of the NWO are titled with names that are lies. They have attempted to do the same as Hitler only with financial weapons. But they are building up the weapons to physically attack Europe and the United States if anyone tries to stop them from using their financial weapons.

They are losing the battle and shall be brought to justice. Just like the last group of Nazis.

Fri, 11/15/2013 - 14:49 | 4158534 cougar_w
cougar_w's picture

They will not be brought to justice ever. The world will blow completely up, re-set 800 years of cultural and technological progress in the west and 200 years of the same in the east, and they'll walk away shaking their heads in disbelief because they swear they tried everything the could. But they'll keep their nominal gains, hell yeah. And when the broken down world comes crying for someone to take us all by the hand and help us find a way through the darkness they created for us, they'll be there with their crowns on and their ermine robes all clean and recently brushed, lording over our poor dirty peasant butts and admonishing us to rise the fuck above it all through Jesus or Moses or Buddah or some other combination of abstract fucktardedness.

Fuck them and fuck all that and fuck anyone thinks there is going to be a New World Order too because they don't plan any of this shit out more than three moves and three weeks. They're just planning on staying on top whatever the fuck it takes, while pushing everyone of the rest of you as far down as possible, and into a grave works just fine.

Get over it because it's over. No nothing after this. No new. Not world. No order. No anything you are going to remember or recognize well enough even to fight against it. Most of the world will be fighting over crusts and glad to have a drink of water that isn't piss from the King's horse.

 

Fri, 11/15/2013 - 15:37 | 4158757 Seer
Seer's picture

We could have some great times if you were my neighbor :-)

I don't know why people insist on making things complicated (when, clearly, the obfuscation requires one to think that way).

"The secret plan is that we're going to keep doing exactly what we've been doing, for as long as we can."

- Daniel Quinn, in, "What a Way To Go"

As I've often stated, if you are tired of the clowns then get the fuck away from the circus.  Repeatedly stopping to look at the horrific car crash in the other direction only increases your exposure that you yourself end up creating a car crash with yourself in it.  Some times (most?) there's just nothing that you can do: my animals run away when any of them are under attack from a predator; if one ends up as lunch the rest will just carry on after the fact as though nothing happened- even IF they notice and or care it doesn't really matter since there's really nothing that they can do about it anyway.

Fri, 11/15/2013 - 16:20 | 4158919 cougar_w
cougar_w's picture

"We could have some great times if you were my neighbor"

Yeah I bet. But we'd have the rest of the neighborhood scared shitless most of the time.

Sat, 11/16/2013 - 00:55 | 4160062 honestann
honestann's picture

Right on!  Nice to read a realist in this forum now and then.  It really isn't very complex when you identify fundamentals.  The predators are in charge of everything today, and they will continue to practice the million-year-old predator modus-operandi, which is "get away with whatever you can".  And that will have the inevitable result - to strengthen dishonest, unethical, malevolent predators (destroyers), and weaken honest, ethical, benevolent producers.

Nothing complex about that.  All you have to do is see what is right in front of our eyes, and what has existed for the thousands of years since some humans learned to be producers, and fundamentally bifurcated the species into two groups... those who continued to be predators (grab, destroy, consume), and those who attempted production as their way of life (produce, save and invest (not financially), consume).

The predators have absolute, complete, total control of what is wrongly called the "justice system", so why anyone imagine the predators "will be brought to justice"?  The very notion is crazy.  The only instances of predators being brought to justice will be by means of actions of individuals who are fed-up or practicing self-defense.

However, as people should recognize from long history, very few of the high-level predators ever encounter the appropriate violent demise that any rational or actual form justice demands.  They know how to hide, they know how to get other lower-level predators to defend them.  And they know how to confuse producers and "regular folks" so thoroughly that very few even understand what is just.

The "new world order" term is probably much like every other term created by high-level predators --- the exact opposite of the truth.  That is at least 2/3 obvious.

The "new" part is certainly opposite of true because what they will create will certainly look at feel a lot more like "old" times, before the technologies of "comfort" became common.  It won't be exactly like pre-technology times, because the top-level predators will retain their technology and comforts, but most people will enjoy less and less and less comforts as time passes.

The "world" term is hopefully opposite of true, though the top-level predators likely hope it is true.  These megalomaniacs always hope to "totally control everything", but are usually wise enough to accept less than "total control" (since that would make them the number one target of every other predator).  I doubt that producers will ever be wise enough to collaborate enough to control one sub-domain of the future "world" in the "new world order", but the possibility does exist.  Frankly, being a realist, I believe the only viable place to avoid predators is outer space, where the shear distances make it impossible for predators to find prey, much less afford the energy to search them down and chase them around the cosmos.  So I honestly believe the only significant hope for a worthy future for mankind lies in space (hopefully in combination with another technology I won't mention here).

The "order" term is also opposite of true, unless it only means "predators dominate producers".  That much is correct, as it always has been correct since the first human learned to be a producer.  The grossly excessive metaphysical potency of destruction versus production is so extreme that producers only had a chance if they were each and every one of them willing to defend themselves, and refuse the demands and attacks of predators.  Though certainly debatable, the USSA may have been the first large-scale attempt of producers to collaborate to defend against predators, but clearly that effort ultimately had exact opposite effect.

So yes, cougar, you're absolutely correct.  In the main at least, mankind is finished.  The chances that conclusion turns out to be pessimistic is so close to zero that it isn't worth considering.  The predators have such total control of education and media that producers (and parasites and lower-level predators) have virtually zero hope of coming to understand what realists recognize and say.  Soon we won't even be able to say anything, for fear of destruction by the predators.  They have already labeled any advocate of liberty a terrorist, and have already begun their wholesale destruction of realists (one example: whistle-blowers), so very soon the population at large will rarely hear even a single realist voice.  Not in public anyway.

It has always been amazing that humans accept such abuse from predators, especially predators with delusions of authority (an inherent fiction, incidentally).  Probably the predators are a bit stunned at how sheepish individuals are, especially producers, who have to be at least a little clear headed to be able to produce efficiently.  They have to wonder why they don't take bullets to the head on a daily basis, and when they meet in private, they surely laugh, and laugh out loud at the unbelievable willingness of most to accept their endless egregious abuses.  So they are making certain this doesn't change via various means: via endless NSA and CIA and other surveillance, through GPS tagging/reporting built into virtually every electronic device, through exploding quantities of drones and micro-drones to monitor their surroundings to early-detect possible intruders, through gun control, and on and on and on (a large focus of their current practices, you should note).  They know what rational humans should do.  Fortunately for them, rational humans don't know what they must do to survive.  Morons.

The bottom line is, within a very few decades, humans who get to drink the piss from the kings horse will be the lucky ones... and the only ones still alive.

PS:  I always try to toss in the one small chance that remains for human beings to have a bit of a positive legacy.  That tiny chance will be in outer space.  It is possible, but perhaps not likely, that a tiny splinter of mankind can escape into outer space, and forge a self-sufficient existence from the materials in asteroids, comets and tiny moons.  And, of course, the endless abundant energy of sunlight [re-directed by huge sheets of aluminized mylar].

But as realists like cougar keep saying, humans have proven their unwillingness to identify predators for what they are, and take the appropriate steps.  Unless something almost magical happens in the minds of huge numbers of individual humans, the species as a whole has proven itself utterly unworthy of existence.  The only question that remains is, will an infinitesimal fragment of the better, brighter, braver, saner and more independent-minded find a way to break off and find a way to propagate the producer strain of homo-sapiens.  The odds do not look promising, but a few of us are working on it.

Sat, 11/16/2013 - 01:40 | 4160106 The_Prisoner
The_Prisoner's picture

Ann, I enjoy reading your posts. It gives me great solace that there are people such as yourself working to advance and continue the path of Mankind.

My analysis has let me to reach a similar conclusion to yours, that the predators own the mechanisms of control to such an extent that it cannot be reverted within this plane.

I have come to realise that we are all consciousness. Having read your posts I believe you would agree. Thus I, too, am planning my escape, in a similar way as you are, albeit by different means.

The predator's goal by undertaking the blatant theft is not the money, as this could simply be "printed" by them. The goal is to demoralise the common Man to accept that one is helpless and live in fear.

I am not afraid. I move confidently into their midst, for although they can kill my body, they cannot destroy my consciousness. And that realisation instills fear in them.

I hope you reach your goals, so that one day our paths may cross, in outer space, and that with a silent nod we acknowledge each other for what we are: consciousness

http://www.youtube.com/watch?v=V2MIvUx9uiQ

Fri, 11/15/2013 - 14:43 | 4158497 venturen
venturen's picture

The Wall Street Mafia Banks thank you for your money and children's future now just go enjoy your serfdom and be quiet!

Fri, 11/15/2013 - 14:50 | 4158550 Emergency Ward
Emergency Ward's picture

We will make the economy behave like our models predict, or else......

Fri, 11/15/2013 - 14:54 | 4158567 jtz5
jtz5's picture

Prediction:

Next week, probably Monday, we see all 3 major indices break major thresholds (Dow 16k, Nasdaq 4k and S&P 1800). At that point, the market shits the bed and a top is finally in.

Enough is enough.

Fri, 11/15/2013 - 14:58 | 4158594 Yen Cross
Yen Cross's picture

  Great price action for a Friday. http://imageshack.com/scaled/1600x1200/802/2f5.png

  This is (1) minute chart. I guess the smellen Yellen premium ran it's course. Pathetic markets.

Fri, 11/15/2013 - 15:02 | 4158610 wagthetails
wagthetails's picture

the last chart noting that fed BS is driving assets prices.  if that is true than the $1.2T funding is laste 2008, really did prevent the greatest depression.  but every dollar for Fed GS growth after Jan 09, was completely and utterly unnecessary.  I see the initial fed response as appropriate, but the four years of BS growth after it?  pure bubble.  as long as there is a correlation between Fed BS and stock appreciation, we can assume that when the bubble does pop (no matter how high this market goes), the market is probably being resent to the initial point of correlation, somewhere around 1000 on S&P.  but like anythign else...the initial shock will probably overshoot that mark. 

Fri, 11/15/2013 - 15:52 | 4158813 Seer
Seer's picture

Um... the perpetual growth road will/would ALWAYS lead to a big collapse.  By failing to understand what growth really means we are condeming ourselves to certain misery.

Speaking of growth pursuits:

China Just Unleashed the Mother of All Baby Booms; But Will it Work?

http://finance.yahoo.com/blogs/breakout/china-just-unleashed-mother-baby...

Leave it to dumb-fuck economist-heads to even think to ask this idiotic question.  But, as is always the case, this is blantant misdirection.  The REAL aim is to create more CONSUMERS!  This is how the game of Ponzi plays.  Couch consumer growth as "production growth ["workers"]."

Full steam ahead...

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