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The State Of The Union: A Friendly Reminder Where We Stand Now

Tyler Durden's picture




 

Spend more than a few minutes watching CNBC (yes all 2,000 of you) and you will be told how great things are, how great things will be, and how (no matter how bad the immediate 'event' is) the hockey-stick of future exceptionalism will always be there. In the interests of full disclosure, that is wrong and these four charts show why... a friendly reminder of the state of the union...

 

 

 

...But then there is all this wonderful wealth creation...

 

and as a reminder, here's where the cornered Fed's balance sheet is heading (for now)...

 

Charts: Bloomberg

h/t @Stalingrad_Poor

 

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Wed, 06/25/2014 - 16:40 | 4895108 The Most Intere...
The Most Interesting Frog in the World's picture

There is no crony capitalism, only crony communism.

Wed, 06/25/2014 - 16:46 | 4895144 wallstreetapost...
wallstreetaposteriori's picture

Makes "perfect" sense.... shitty economy strong market.... need I dare say SARC/

Wed, 06/25/2014 - 16:48 | 4895150 BTCTalks
BTCTalks's picture

Just BTFATH and shut your mouth!

Wed, 06/25/2014 - 17:59 | 4895406 Stoploss
Stoploss's picture

Don't forget to keep your 50 foot, falling banker buffer zone, when next to banker buildings...

Wed, 06/25/2014 - 18:34 | 4895506 dryam
dryam's picture

Here's the pattern.....

Exponential increases tend to break over time because our world consists of finite & depleting resources.

Currency crisis here we come.

Thu, 06/26/2014 - 07:16 | 4897022 what's that smell
what's that smell's picture

there are an exponential number of ones and zeroes and there is no reason to believe they are a depleting resource.

111111111111110000000000000000000000000111111111111111111111111110000000000000000000000001111111111

1111111111111000000000000000000000000001111111111111111111111000000000000000000000000000111111

111111111111111111111111111110000000000000000000000000111111111111111111111110000000000000000

compile a trillion trillion trillion fiat dollars and use them to buy stocks, bonds, gold, art, pretty girls, nations, etc.

who needs a drone or a nukular bum when you got an infinite number of digits and a digit counter?

Wed, 06/25/2014 - 18:32 | 4895525 Abi Normal
Abi Normal's picture

If you are near banker buildings when the banksters start falling, you're in the wrong place --- MOVE!

Wed, 06/25/2014 - 17:31 | 4895332 johngaltfla
johngaltfla's picture

Fundamentals no longer matter.

Technical analysis no longer matters

Reality no longer matters.

You are either "with the Party" or against it.

Which means you will soon be re-educated or dead.

Wed, 06/25/2014 - 17:29 | 4895320 ThroxxOfVron
ThroxxOfVron's picture

"There is no crony capitalism, only crony communism."

Cronyunism.

Wed, 06/25/2014 - 17:56 | 4895401 gafgroocK
gafgroocK's picture

 

 

 

Lets just get going on the Executionism of Banksters, `k?

Thu, 06/26/2014 - 06:37 | 4896991 geekz_rule
geekz_rule's picture

communism? lol

no.. the path is straight to Monoplization

long history of Expand then Contract. The expand part doesnt go on forever... the Contration part... has already begun.

Wed, 06/25/2014 - 17:30 | 4895326 ZH Snob
ZH Snob's picture

FUBAR

Wed, 06/25/2014 - 17:40 | 4895354 _disengage_
_disengage_'s picture

Every day someone on ZH compares a few of the "isms". It is almost like no one has read any FA Hayek or horseshoe theory.

~~
Anyway ~ Capitalism and Socialism are shown as 2 sides of the spectrum, but they evolve to the same endy.

Capitalism tends into Fascism while Socialism tends to Communism. At the end of the day, Facism and Communism are both a small group of people telling a large group of people how to live, right?

Wed, 06/25/2014 - 17:46 | 4895364 El Vaquero
El Vaquero's picture

Another ism you can bring up:

Totalitarianism

 

Most of your 'isms wind up this way. 

Wed, 06/25/2014 - 18:06 | 4895408 ZerOhead
ZerOhead's picture

I think the Lakota and Oglala Sioux would largely agree...

 

http://www.globalresearch.ca/washingtons-militarized-land-grabs-targetin...

The Oglala Sioux and Lakota Sioux of the reservation have been told by the Federal Government that the National Parks Service will be taking land that comprises the South Unit of the Badlands National Park as a new ‘Tribal National Park’, only the wording in the bill clearly indicates that it will be a federally managed national park under the Department of Interior, giving mere lip service to its tribal title.

The Congressional bill has already been written, and if passed through Congress, both tribal members and non tribal members will be stripped of their deeded land – at a price set by the federal government. If owners do not accept Washington’s offer (expected to be a meager one), the land can be acquired at no cost because the measure has waived all appraisal rights and stipulates that Washington can simply take Indian land by force under ‘eminent domain’.

 

Nothing screams totalitarianism quite like the use of "eminent domain".

To be fair they should have sold their land to Israel when they had  chance... that way "Tribal Land" would have remained Tribal land...

Wed, 06/25/2014 - 18:10 | 4895434 knukles
knukles's picture

Exercise eminent domain upon a sovereign nation?
WTF?

Forked Fucking Tongue

PS  Who really should be giving a fuck about global warming or anything else?  This, when it slides far enough will result in mass starvation, riots, murder and debauchery the likes of which mankind has never seen.
Truly that forecast by the Book of Revelations, End of Days.....

Wed, 06/25/2014 - 18:17 | 4895451 ZerOhead
ZerOhead's picture

It's almost as if the late 1800's are happening all over again.

Their lobbyists had better quickly ante up enough to buy the pols or these guys are going to be in serious need of some good lawyers...

Wed, 06/25/2014 - 18:21 | 4895484 Urban Redneck
Urban Redneck's picture

Apparently, magic negro is the new white.

Wed, 06/25/2014 - 22:02 | 4896300 ThroxxOfVron
ThroxxOfVron's picture

We all knew that there would be a price to pay for having them quit using the term Redskins at their sporting events...

Wed, 06/25/2014 - 18:16 | 4895467 El Vaquero
El Vaquero's picture

WTF!? o.O

 

I don't always agree with policies on tribal land, but fuck me, the natives have been fucked and re-fucked throughout history and now it looks like they're going to get re-re-fucked. 

Wed, 06/25/2014 - 18:21 | 4895482 ZerOhead
ZerOhead's picture

Hey... It fucks the cattle ranchers that have been paying grazing fees to the Indians as well... so it's clearly not a racist move.

There must be some endangered turtles or something on the land that needs protecting from the cows...

Wed, 06/25/2014 - 20:34 | 4895911 Heavy
Wed, 06/25/2014 - 17:56 | 4895394 JLee2027
JLee2027's picture

The employment participation is returning to the levels of a nearly male only economy, as it historically was - women at home, men at work. 

Wed, 06/25/2014 - 16:42 | 4895123 Cognitive Dissonance
Cognitive Dissonance's picture

It sure looks like this time IS different. /sarc

Wed, 06/25/2014 - 17:16 | 4895253 Oldwood
Oldwood's picture

I think this pretty much PROVES gravity does not exist other than in text books and scientific papers.

Wed, 06/25/2014 - 17:26 | 4895295 NidStyles
NidStyles's picture

Tell that to the boys on Wall Street they may start trying to fly.

Wed, 06/25/2014 - 17:37 | 4895341 CH1
CH1's picture

the boys on Wall Street... they may start trying to fly

Out of windows?

Wed, 06/25/2014 - 17:43 | 4895360 NidStyles
NidStyles's picture

Perhaps??? One would hope...

Wed, 06/25/2014 - 17:48 | 4895368 El Vaquero
El Vaquero's picture

Today's high will be 92f with a 20% chance that it will be raining bankers in the afternoon.

Wed, 06/25/2014 - 17:59 | 4895411 Bay of Pigs
Wed, 06/25/2014 - 18:38 | 4895558 Reaper
Reaper's picture

Trust me. If you believe, you can fly like an eagle.

Wed, 06/25/2014 - 17:18 | 4895261 Urban Roman
Urban Roman's picture

It is. It's worse.

Wed, 06/25/2014 - 17:19 | 4895267 Eyeroller
Eyeroller's picture

It is different:  the FED Bubble will be the biggest to pop of all time.

Wed, 06/25/2014 - 18:24 | 4895497 Jena
Jena's picture

Besides, there's always someone who wasn't at the last party and thinks the old-timers are exaggerating when they talk about the last time.

Wed, 06/25/2014 - 16:43 | 4895125 Bioscale
Bioscale's picture

I bet the "current projection QE Tapering" on the FED the balance sheet is going to fail again.

Wed, 06/25/2014 - 16:51 | 4895157 ENTP
ENTP's picture

I bet they haven't even begun tapering, I bet they have simply moved figures to a seperate balance sheet.

Wed, 06/25/2014 - 17:44 | 4895356 ThroxxOfVron
ThroxxOfVron's picture

Everyone assumes that with all of the computers everywhere that every transaction is being accounted for one way or another, that there is no 'black market of financialization'.

There are counterfeitings, black markets, dark pools, shadow banks, money launderings, naked short selling of shares, accounting gimmicks, off-balance sheet assets and liabilities, slush funds, back channels, non-traditional conduits, etc., etc., etc.... 

I don't even think that it even matters if there are a bunch of balance sheets that are being dutifully kept anymore; as all of those even if accurate in and of themselves represent a tiny fraction of what assets and liabilities really exist, and where and with whom these reside...

No One is/can even keeping track of where ALL the counterfeited credit/money and and securities and derivatives are or are going to.  -Not Google.  -Not the NSA.  -Not the FED Wire national transaction clearing system.

NO One.

IMHO, AIG, MF Global, and the looting of Kabul Bank; have proved that transactional accounting is deeply flawed and the international payments and accounting system is laughably/dangerously unregulated and highly porus...

Wed, 06/25/2014 - 18:56 | 4895626 CRBull
CRBull's picture

Its called Belgium !

Wed, 06/25/2014 - 21:28 | 4896152 moneybots
moneybots's picture

"I bet they haven't even begun tapering, I bet they have simply moved figures to a seperate balance sheet."

 

Enron did that.  Didn't work out very well.

Wed, 06/25/2014 - 16:44 | 4895132 babylon15
babylon15's picture

<-- Fed Balance Sheet > $8 trillion by 2020

<-- Fed Balance Sheet < $8 trillion by 2020

Wed, 06/25/2014 - 16:46 | 4895142 exi1ed0ne
exi1ed0ne's picture

USD not existing in 2020 due to hyperinflation. . .

Wed, 06/25/2014 - 16:47 | 4895146 ENTP
ENTP's picture

Just some food for thought, for each point we pump ES higher through printing, we have to print off slightly more to get the next point.  This could go parabolic.  I would not be surprised to see a Fed balance sheet in the 10s of trillions by the 2020s.

Wed, 06/25/2014 - 16:59 | 4895185 halfasleep
halfasleep's picture

Right? Weren't there literally trillion dollar bills in weimar and zimbabwe? Someone on here says no empire fell because of deflation; but I cannot find an example of any fiat system incurring anything but hyperinflation (on a long enough timeline). So unfortunately, btfath is actually a thing. You may just not be able to get a loaf of bread for it.

Wed, 06/25/2014 - 17:09 | 4895225 pods
pods's picture

Hyperinflation is the cure for deflation.

Deflation will implode the debt peddlers, who own the Central Bank.
Therefore, hyperinflation is where they go.

pods 

Wed, 06/25/2014 - 17:20 | 4895270 Oldwood
Oldwood's picture

Alcohol is the cure for depression...no??

Wed, 06/25/2014 - 17:30 | 4895324 exi1ed0ne
exi1ed0ne's picture

The Zimbabwe stock market was the best performing stock market in the world.

Wed, 06/25/2014 - 17:49 | 4895374 ThroxxOfVron
ThroxxOfVron's picture

"The Zimbabwe stock market was the best performing stock market in the world."

...And the aggregate market capitalization/value of ALL shares of every company listed in the Zimbabwe stock market probably weren't worth the price of one new Boeing 787...

Wed, 06/25/2014 - 18:01 | 4895415 ENTP
ENTP's picture

So they jacked one from Malyasia.....

Wed, 06/25/2014 - 21:30 | 4896156 moneybots
moneybots's picture

"Hyperinflation is the cure for deflation.

Deflation will implode the debt peddlers, who own the Central Bank.
Therefore, hyperinflation is where they go."

 

The inflation/deflation cycle ends in deflation.  The more central banks have printed, the bigger they have blown the debt bubble.  100% of bubbles burst and deflat.

Wed, 06/25/2014 - 17:21 | 4895272 cossack55
cossack55's picture

Correct. One can purchase Zimbabwe $100 Trillion dollar bills all day long on Ebay.  About $7 each I think.

Wed, 06/25/2014 - 17:28 | 4895308 hidingfromhelis
hidingfromhelis's picture

Wonder when we'll reach parity?

Wed, 06/25/2014 - 17:28 | 4895309 NidStyles
NidStyles's picture

Talk about inflation, they used to be $4 a piece....

Thu, 06/26/2014 - 07:34 | 4897051 zerocash
zerocash's picture

My stack of Zim$ performed better than my stack of G&S in the past year.

Wed, 06/25/2014 - 21:23 | 4896135 moneybots
moneybots's picture

"Just some food for thought, for each point we pump ES higher through printing, we have to print off slightly more to get the next point.  This could go parabolic.  I would not be surprised to see a Fed balance sheet in the 10s of trillions by the 2020s."

 

The more the FED has printed, the greater the debt bubble has grown.  All bubbles burst and deflate.

Wed, 06/25/2014 - 17:42 | 4895357 kowalli
kowalli's picture

fed will die in 2015=)

Wed, 06/25/2014 - 16:45 | 4895137 ENTP
ENTP's picture

Absolutely cornered and S&P has been priced to perfection.  Risk cannot enter this market without there being serious consequences.  

Wed, 06/25/2014 - 17:50 | 4895379 El Vaquero
El Vaquero's picture

Which is why all of the warmongering is so incredibly asinine.  With war comes risk.

Wed, 06/25/2014 - 16:48 | 4895152 ejmoosa
ejmoosa's picture

When it's time to remove that $4 trillion from the economy, there is only two places it can come from:  profits and income.

 

In a consumption based economy, that's gonna hurt.

Wed, 06/25/2014 - 16:50 | 4895154 Rainman
Rainman's picture

The faster I stockpiles metals the behinder I gets.

             pogo

Wed, 06/25/2014 - 16:53 | 4895170 Squid Viscous
Squid Viscous's picture

cramer is on at 6, got to get my TV dinner in the oven...and batten down the trailer they said Torcon 7 tonight,

Wed, 06/25/2014 - 17:00 | 4895188 ebworthen
ebworthen's picture

Looking at that S&P chart then QE you'd think the FED was pumping equities to benefit Wall Street.

Funny, I thought their mandate was employment and to control inflation?

The evidence here suggests the opposite.

Wed, 06/25/2014 - 17:15 | 4895247 Mr. Saxby
Mr. Saxby's picture

Remember the good old days when we used to debate the existence of the Plunge Protection Team?

Wed, 06/25/2014 - 19:28 | 4895720 Atomizer
Atomizer's picture

Remember. The bastards were all over me at MarketWatch in 2006. Once they couldn't deny it. The fact became public knowledge. Bad, bad, Atomizer. hehehehe.

 

PS: Thanks for the memory lane.

Wed, 06/25/2014 - 17:01 | 4895191 MickV
MickV's picture

There is no "UNION" or "CONSTITUTION". It was Usurped by the installation of non natural born Citizen, Hussein Obama, (because he was born BRITISH, of a British subject father) domestic enemy of the United States. When the executor of the laws is an illegal entity then there is no law, and the law is only what evil men say it is.... look around.

Wed, 06/25/2014 - 17:25 | 4895299 Bemused Observer
Bemused Observer's picture

What the HELL are you people going to do when Obama is gone, and everything stays EXACTLY THE SAME?

Get off it already! You may not mind being a tool of the status quo, but there are plenty of us who DO want things to change.

Go visit Stormfront...they probably have an entire discussion thread about this.

I want Obama gone too. But I want him gone for REAL reasons. I want ALL of them gone, Democrat and Republican alike.

I blame this kind of talk for why nothing was done after the financial crisis. We SHOULD have ALL been demanding these bankers heads on platters, but instead we were sidetracked by the Orly Taitz birth certificate bullshit...nice job! And Obama went on to win a second term, if you remember...thanks for that too!

And you guys will elect a Republican, and go home all satisfied now that "evil Obama" is finally gone, and we'll all wake up on Groundhog Day, with the radio blaring, "Babe...I got you Babe..."

Fuck this divisive shit and focus your mind!

Wed, 06/25/2014 - 17:39 | 4895348 CH1
CH1's picture

Fuck this divisive shit and focus your mind!

Amen, amigo, amen.

Wed, 06/25/2014 - 17:53 | 4895392 El Vaquero
El Vaquero's picture

YES! 

And it should be pointed out that many of Obama's policies are not his own.  Many started during and before Bush.  Obama just double downed on them, including policies that many of his supporters were pissed off about under Bush, but now that the same bullshit is being done under Obama, you hear nary a peep from his supporters.

Wed, 06/25/2014 - 18:47 | 4895589 Bemused Observer
Bemused Observer's picture

Exactly! The moment for me was when Obama chose Geitner for Treasury...I thought "You son of a bitch! 'Hope and Change' my ass!" And I realized he was just going to pick up where Bush left off...
That was when I understood that there was actually ONE party, and I had been blinded by the notion that these elections were giving us some kind of a choice.

They ALL need to go. One term, then go the fuck home. It's not about the party...it's about shuffling the deck so often that they can't keep track of their marked cards anymore.

Wed, 06/25/2014 - 22:13 | 4896337 hidingfromhelis
hidingfromhelis's picture

My ah-ha moment that told me all I needed to know was just before the '08 election when after vowing to filibuster the revised FISA that gave telecoms retroactive immunity (among other things), then Senator Obama voted in favor of it.

Wed, 06/25/2014 - 18:01 | 4895414 BeetleBailey
BeetleBailey's picture

Corrrrrrrrrrrrrrrrreect!

 

FUCK Fuckbama....the piece of dog shit that he is....

THE WHOLE DAMN SHOW NEEDS A DOUCHING...A HOSING OUT...A G.I. IWO JIMA FLAMETHROWING OF THE HILL, AND EVERY HOLE IN IT.

 I MEAN....A FUCKIN CLEAN OUT....SCOURING THE FUCKERS ALL OUT.....

Wed, 06/25/2014 - 18:22 | 4895490 Bemused Observer
Bemused Observer's picture

What we nurses call a triple H enema...High, Hot and a Helluva Lot. Leaves your colon clean as a whistle.
Yep, THAT is what we need to do for Washington...They won't like it, but it's for their own good.

Wed, 06/25/2014 - 19:06 | 4895667 messymerry
messymerry's picture

Can these be done with tar and feathers???

Wed, 06/25/2014 - 19:25 | 4895722 Bemused Observer
Bemused Observer's picture

A little extra roughage never hurts...:-)

Wed, 06/25/2014 - 18:07 | 4895433 MickV
MickV's picture

Wrong Stupid. Obama was installed specifically as the final solution--- i.e the dissolution of US Citizen sovereignty, by infiltrating the Oval Office with an ineligible President. There is no "United States" idiot, get it through your head. It has nothing to do with his "birth certificate", and everything to do with his foreign father.

You are the devisive one--- liking some of the Constitution but ignoring other parts. If we were united in demanding the domestic enemy Usurper Obama be thrown out then we might get somewhere. Think about the blow to the NWO it would be if We the People stood up and kicked him out of office and re asserted our sovereign right and that of our progeny.

You are willfully blind as to the Constitutional disaster that has happened. Soon you will hear about a Supreme Court case, with standing, demanding that the Circuit Court of Florida say whether Obama is eligible or not. I have skin in the game-- you bloviate in an echo chamber.

Wed, 06/25/2014 - 18:31 | 4895519 Bemused Observer
Bemused Observer's picture

mick, over the last few years I have become convinced that you guys are shills. You came along at just the right time to divert attention from what Obama was REALLY doing...very convenient, I think.

The shills from the left worked their own "magic"...the whole POINT was to get the American people's minds off the financial crisis, and get them to squabble amongst themselves instead. All the time the clock was running out on the statute of limitations...

They ALL walked away, free and clear, didn't they?

Mission accomplished. Whatever they're paying you, you have earned it.

Wed, 06/25/2014 - 22:35 | 4896425 kwality
kwality's picture

Also, the over-the-top idiocy of the "keep your government out of my medicare" posters and such that got most of the attention as "typical tea party" in the early days after the movement started but was soon co-opted by Flalin, Koch, etc...  More shills to discredit an inconvenient uprising?

Thu, 06/26/2014 - 04:34 | 4896938 MickV
MickV's picture

Now you have shown yourself to be the true Obot you are. Notice everyone how "bemused" can never disprove anything I say, and speaks in generalities, and even brings his own sychophants to "upvote" him, while he projects the fact that he is a paid .gov troll.

Really? the FACT that Obama is not eligible does not matter?

Just so you know, Cruz, Rubio ands McCain are also NOT ELIGIBLE natural born Citizens. Do you think it's an accident? The Criminals think it is important enough to have an ineligible POTUS enough to give we the people the choice of 2 non natural born Citizens in 2008 (McCain was born in the PCZ, Obama had a foreign father).

Thu, 06/26/2014 - 22:31 | 4900847 Bemused Observer
Bemused Observer's picture

I don't get the obsession with birthplaces and who fathers are with you guys. Who one's father is or isn't is irrelevant to one's eligibility for the office. It doesn't enter the equation. It is not on the radar. Our Presidents are not racehorses, we don't have to ascertain their breeding history. Whether you consider Hawaii part of the US is of course up to you.
And as for McCain, as much as I dislike him, I have to defend him here. The birthplace in the PCZ was was certainly considered American enough to send him to war and elect him to the Senate. If you wanted to question his legitimacy, I'd say you missed the train by at least 40 years.

Wed, 06/25/2014 - 18:41 | 4895570 Gaffing_Nome
Gaffing_Nome's picture

+ alot

 

Being well past the Largo, Allegro and deep into Die Krapundeeznuutz Presto-Implodi...divisophiles are either:

A: 1 slice short of a sandwich (heavy on the indoctro)

B: agitated agitators agitating agitatees

Both A & B serve up identical end means.

IMHO, both A & B are best dealt with by not feeding their want.

 

Another way:

->Magic Lasso™/Obj/Layers/Content-Aware™/Mask/RemoveObj/Flatten/Rename "Bullshit.psd"<->"okitsfinedamnitgeez.jpg

 

 

 

Wed, 06/25/2014 - 17:03 | 4895202 joego1
joego1's picture

Shhhhhh! You will disturb the sheep.

Wed, 06/25/2014 - 17:14 | 4895243 Bernoulli
Bernoulli's picture

Got paid today. Went straight to the ATM and bought PMs. Happy times!

Then tomorrow I might additionally place a hundred bucks on the rigged gambling table just for fun. Definitely better odds than playing the lottery... Which stock is more ridiculous: PCLN or CMG?

 

 

 

Wed, 06/25/2014 - 17:40 | 4895353 CH1
CH1's picture

Which stock is more ridiculous: PCLN or CMG?

Tylers posted a story the other day about a app that says "Yo," and nothing more. Jump into that one.

Stupid works these days!

Wed, 06/25/2014 - 17:53 | 4895389 Bernoulli
Bernoulli's picture

Just checked it out. Thanks for the tip. It's amazing. They want to connect ALL THE PEOPLE in the WORLD!

After watching this some weeks ago http://www.youtube.com/watch?v=itvvFfeLh84 I became a total believer in our connected future.

And Yo seems to be the final missing piece.

AAAAARRRGGGGGHHHHH!!!!

 

 

Wed, 06/25/2014 - 17:22 | 4895283 Jack Sheet
Jack Sheet's picture

Looks like there's been frigging in the rigging.

Wed, 06/25/2014 - 17:31 | 4895327 messymerry
messymerry's picture

Damned frigging riggers.

Wed, 06/25/2014 - 17:48 | 4895369 MilwaukeeMark
MilwaukeeMark's picture

Well ... the sheeple wanted hope and change. So now things have changed to the extent that hope is all that they have left.

Now, if only the parasite class can only keep the host alive long enough to suck it's remaining lifeblood, then can make their escape, task complete. 

 

Wed, 06/25/2014 - 17:48 | 4895370 are we there yet
are we there yet's picture

Between Enron and the FED, Enron is more honest.

Between federal prison, and the Federal Reserve, One has worse criminals.

Wed, 06/25/2014 - 17:50 | 4895385 NOTaREALmerican
NOTaREALmerican's picture

But, the DNA bling of the Enron AND Fed management will rule the earth.  

Wed, 06/25/2014 - 18:13 | 4895457 SheepDog-One
SheepDog-One's picture

Soon a trillion will be what a million is considers to be today, hardly nothin. Fed balance sheet 28 quadrillion by 2020.....should be real fun times yeah?

Wed, 06/25/2014 - 18:20 | 4895477 Cthonic
Cthonic's picture

Whatever it takes to hold up a quintillion in derivatives.

Wed, 06/25/2014 - 18:21 | 4895481 ghostzapper
ghostzapper's picture

So looks like about the fall of 2013 they started bullshitting the food stamp numbers as well, huh?  No way that motherfucker leveled off and declined recently. 

Or I got it the same IT infrastructure handling Ofuckocare manages the EBT as well and can only handle so many names in the database. 

Wed, 06/25/2014 - 18:35 | 4895535 Cthonic
Cthonic's picture

Generally speaking, gross income over $1200/m or having $2k or more liquid assets disqualifies someone from SNAP.  Numbers peaked back in Dec 2012

Wed, 06/25/2014 - 18:26 | 4895495 Dr. Destructo
Dr. Destructo's picture

The Fed's balance sheet always misses the exit while travelling on the highway to destruction.

Non-gmo homegrown popcorn anyone?

Wed, 06/25/2014 - 18:35 | 4895537 BudFox2012
BudFox2012's picture

Wonder why food stamp usage actually dropped several million over the past year.  Pretty sure it wasn't the "recovery".  Did some states tighten up requirements?

 

Wed, 06/25/2014 - 18:36 | 4895547 Cthonic
Cthonic's picture

So QE4 to be announced Jan 28, 2015, got it.

Wed, 06/25/2014 - 18:41 | 4895566 mastersnark
mastersnark's picture

I have collapse exhaustion and want to come out of my sandbag home and buy an 80" TV, and buy a new car, and enjoy this rocking good time I've been waiting to avoid.

Wed, 06/25/2014 - 19:02 | 4895651 q99x2
q99x2's picture

You get that Janet Yellen to call up Belguim. That'll fix it.

Wed, 06/25/2014 - 19:11 | 4895680 khakuda
khakuda's picture

The S&P chart looks like it should see a doctor.  That's more than a 4 hour erection.

Wed, 06/25/2014 - 19:16 | 4895698 world_debt_slave
world_debt_slave's picture

State of the Union? Put a fork in it, it's already done!

Wed, 06/25/2014 - 20:31 | 4895931 TacticalZen
TacticalZen's picture

When the bankers or anyone working for the Federal Govt cannot show their face on the street for fear of being lynched on the spot,  then I will believe societal and economic change has begun.  Until then we are the  Soviets waiting for the beast to collape.  Just like 1989 all over again.  

I expect to be surprised with multiple last ditch efforts before this result.  Capital controls and other steps that "we would never consider in this country.". When the official lies are so profound nobody believes we're close.  Maybe mid '15 or mid '16?

Wed, 06/25/2014 - 20:49 | 4896008 sasebo
sasebo's picture

Just take your smart pills and everything will be fine. Of course smart pills are really rabbit shit. But, just think how smart you'll feel when you figure out you're eating rabbit shit.

Wed, 06/25/2014 - 23:59 | 4896656 PiratePiggy
PiratePiggy's picture

"

Spend more than a few minutes watching CNBC (yes all 2,000 of you) and you will be told how great things are, how great things will be, and how (no matter how bad the immediate 'event' is) the hockey-stick of future exceptionalism will always be there. In the interests of full disclosure, that is wrong and these four charts show why... a friendly reminder of the state of the union..."

 

Watch them this morning, or Maria Bartiromo on FBN and it was dancing in the streets. You would have thought Osama bin Laden had been shot, but it was just Aereo.


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