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Citi Previews How It All Ends, In One Chart
It doesn't get any simpler than this chart showing global monetary policy response to "secular stagnation", i.e., the situation the world finds itself in right now.
A few notes. The reason there is secular stagnation is because the economy crashed after the last, housing, bubble (which itself was a response to the dot com bubble preceding it) reached epic proportions and burst.
So what is going on now is merely the global central bank cartel reflating the next bubble, and final, bubble.
Central banks may be doing so with good intentions, "to get back to full employment", but the bottom line is the entire world is now gripped in what is without doubt the biggest asset bubble in history.
The good news: everyone will be able to top-tick the bubble and sell just before everyone else sells...
And yes, we admit the title was a little misleading: Citi shows us where we are, but it does not chart what happens after the final bubble bursts. We leave it to readers' imaginations to fill in the blank.
Source: Citigroup
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Looks like it's time for an alien invasion.
<Bring me to your leader. No, not that one. I said leader, not puppet.>
Last Sunday I saw three little kids watching a piece of wood that was floating in the surface of a lake near Atlanta. I asked them why they were so intent in watching it. And they told me that they wanted to know why it was moving on its own, despite the lake water being completely still around it. As any adult, concerned with all my problems, I had paid no attention to that.
When I look at the piece of wood, I note that they were correct, it was moving on its own, even generating waves that propagated into the water.
That was my wife. Sorry for any confusion.
Would you like some Ebola with that Fucashima seasoned Sushi?
right now the only thing with ebola is the market.
Have a look at the russel chart here ==> http://bit.ly/1B4K0wk
They bomb, syrian, ummmm where are they getting the money for this, when the US is broke. Classic shit!! LOL
currently, at street level
DEFLATION!
then when the riots get into full swing...
INFLATION!
1923 style, complete with communists and fascists...
as warren buffet said....everything will be worth money, except...money!
question? does warren still have all that silver he bought at $4 an oz...
Like every American you're too goddam lazy to do your homework; he bought it at $6 and sold it later at a loss; the reasons are explained in the un-authorized biography by his daughter.
It doesn't really end. The bubble probably won't pop. Instead, we'll have a Japanese-style endless recession. I can't see the DOW getting out of the seventeen-hundred range. But it can stay in that proximity for a long long time. Slow endless deflation is my call.
Where the heck are you seeing deflation? My living expenses are soaring. Groceries are up 15-20% since January.
When you start planting potatoes and offer that as payment to the taxman.
they don't need money now, they have the required material and labor in inventory..
The Death Cross is just a lot of barking. See here.
Man my wife is worried about the economy,isis rissia and the big one what to do if a NUKE goes off. This just unloaded on me. The shit must really be deep for the ladies to be wondering of such things. And what can I say but enjoy the day for today no one guaranteed a tomorrow. These fucking politicians could ruin a wet dream. Ive prepared for the last 6 years for whats coming judt hope it wont be that bad. Gulp
Any iseas on how to hanle a wife having those kinda fears?
You can do what I did. I took my wife to a gun show. There, with some guidance, she got really well armed. Then she learned how to use her new arsenel, and kearned well, to include close combat tactics and long range shooting. Now, anyone who fucks with her is either ignorant of her capabilities or crazy.
She has also taken up bird hunting and has become quite proficient. we will always have fowl to eat, no matter what.
I say it's quite cool when we go to the range and she unpacks one of her guns. Someone nearby can always be heard to say :Nice gun!"
or you can do what i did...
traded mine in for a GIRLFRIEND...
newer model and everything....
Convertible?
After a time, they all are.
Actually, having her on track makes it easier to prep.
Try having one content watching DWTS!
I'm pretty much screwed and overweight with baggage.
Tell her you're the man of the house and you'll do the thinking; and to shut up and make some sandwiches.
How do you turn a dishwashing into a snowblower?
Give her a shovel.
Oh, so you "men" don't like that idea, eh? well, that explains a lot doesn't it ?
Buy a self sufficient piece of land.
Isolated.
Well and other water sources..
Room to grow or raise food.
Propane Tank.
Room for solar, wind power.
That's what I'm doing.
Only its for my apprehensions of what is looming. TV has indoctrinated wifey that all is well.
"Any iseas on how to hanle a wife having those kinda fears?"
Well howdy!
Been pondering this special documentary for a fortnight and the long of the short is, THIS IS THE FUTURE for the survivors that are smart enough to find a remote place to self-sustain like this lady does. Many say they can live this way, but how many really could? Something about keeping those goat tits warm in the winter-time that just makes it all so attractive, eh!
All the grand hailing possible to this dear, and powerful soul. That poor old man too. May they both be able to teach others how to survive in the coming world of CHANGE. Got goat?
http://rt.com/shows/documentary/189060-agafia-siberia-old-believers/
Fucking, and a lot of it.
Isn’t Citi that released a report in 2012 saying that “North America as the New Middle East” by 2020?
http://www.theoildrum.com/node/9079
They may be right: by 2020 the US may very well have heavily armed groups going around and killing others.
Or did they mean oil production?
Can't wait to get Ebola so I can recover and be immune; then I can laugh and piss on the graves of all the citizens who don't know shit about their immune systems.
That can be your epitah in the ebola cemetary: "He knew shit about his immune system. RIP."
60% to not making it, then all internal organs totally messed up if so. i think i would prefer to die instead of being a living vegetable.
my choice, of course.
and i dot not mention the fact that potentially when you have it, any in sight from others 'd lead to your own death by shots...
Sounds DEELICIOUS.. Could I have it soaked in some nutriciuos Gulf Oil Water?? Pretty please ?? I hear its good for the skin..
(C) was bailed out in the "to big to fail" stage of the game a few years yonder and all the charts where corrected, by revision, from $0.50 a stock to something over $50.
Continue from previous comment:
So the question of why and how became acute in my mind. Then I noted that the movement was from having a V curve in the middle of the piece being above the water or being below the water surface. And then it struck me, I was in the presence of a bistable system. I type of chaotic system characterized for having only two attractors, both metastable (or extremely unstable), therefore, any infinitesimal perturbation in the surface of the water would trigger the displacement of one state towards the other, and there I was observing the most complex type of dynamic behavior that eludes most economists and explaining it to 9 year old kids.
The economy is much worse than this system.
I already admitted it was my wife. What more do you want from me?
He wanted you to tell him it was his wife.
He wants you to admit that he's smart. this is what people do all evening at Mensa Meetings; they try to convince other people and themselves that they're smart. I laughed out loud when somebody took me to one. I belong to the Three Sigma Club; we piss on Mensa people; but we don't have meetings and shit. In fact, I don't even think we have a membership list.
They don't try to impress each other, they try to impress ZH'ers.
Try it on the yahoo boards, you'll find the audience more easily impressed.
It was a friggin' snapping turtle not a piece of wood! Jeez...city people....dump as stumps
Hi,
I am only smart enough to generate this
http://patrick.net/forum/?p=1223928
but not smart enough to publicize it. How about you, please?
Third and last part:Continue from previous comment:
The economy is much worse than this system.
Why? Simple, because it is a much more complex dynamic system with multiple attractors, and yes going back to the stone age is one of them. Full of non-linear feedback loops, and multistable systems, were there are multiple equilibrium states that are possible and you can switch from one to the other in no time.
Attempting to control this type of system is a loss loss proposition, you will loose control, the key is that you can not determine the timing of that loss, since that is infinitely dependent on the initial conditions of the regional system you are considering.
I really hope that economists went more often to lakes to observe nature and its behavior, it'd teach them a lot about the dynamics of what they are trying to control.
Now you're just piling on (to my wife). That's just plain mean.
It wouldn't be the first time. I know. ;)
Did you do a lot of acid Spine, back in the hippie days?
http://www.youtube.com/watch?v=DLGrXGEMOSo
The guy sounds entirely cogent. Maybe populating his statements with numerous highly technical terms that we the peons have trouble contemplating, but his message is entirely clear.
We're fucked royally
the point of the whole fuckin thing is to just scream at everyone; I'm smart ! I'm smart ! Hey, lookit me, y'all, I'm smart; I gotsa vocabularity and everting. That's really all it is. Very irritating.
He is still in the, "trying to figure it out for himself" phase. Advanced class is trying to explain it to others.
It wasn't wood floating on the lake...it was just a turtle! Jeez...people around here love the wood story so much they now want to hear him do a TED talk....a fucking turtle, no wood!
They don't care in the least. All they care about is gaming a couple of aggregates to support whatever crackpot theory they were taught by the previous generation of crackpots.
All of whom are firmly attached to the government teat.
Yes, what ever happened to "free market economists"? There truly were such things, once, before rigging the markets became so easy. Now economists mostly exist as cover for central planning statists. At least USSR central planners had something resembling market prices in the West to work off of. Central planners now merely goal seek in their beautifully indescribable models.
Yellen: We will keep fixing the hell out of this until it is completely broken.
My bias for repairing the problem is
FIRST put our honest histories
http://patrick.net/forum/?p=1223928
everywhere, and then
SECOND commence informed thinking.
The 'system' opposes this, because the ignorant populace are such good customers!
The financial sector is 1/12 of GDP.
Oh heaven save us. First the Fed talks about optimal control theory with regards to rate setting, and now every armchair economist is going to talk about chaos theory and multiple attractors. Next up, Steven Wolfram shows up with a closed-form "solution" to rate setting. Yay.
Take his three comments and wrap them in Krugman-speak.
Here's the real solution: Don't spend more than you make. Earth-shatnering, I know.
Yeah; that's about it alright. It's not exactly nuclear physics, folks.
Just remember, you didn't make that.
I bet you have never sat around and thought about why it is that when a radio station transmits its signal, no matter how many raidos in the area pick up that signal, the power is never diminished.
Damn; you know that there very thing is damn amazin. I wish som'on 'ud splain it to us all.
"Fuckin' magnets...how do they work?"
Because it's an open system. If it were a closed system, the number of users would affect the amount of power required to service those users... the available power would be divided among the users. An open system puts out what it can put out, and as long as the users are within it's broadcast range, they get to pick up and use whaever is there.
Oh yeah? Why don't they do electricity that way then? Then it would be free.
Yea someone did.
Then "they" bankrupted the guy that came up with the idea and built the device (which was supposedly tested and working) and buried the invention. It was appaerntly so complex it has yet to be duplicated.
Look up "Tesla", the real one, not the stupid car.
I have found there are some who don't take kindly to that type of talk around here. But yeah, Tesla and broadcast power. That damn JP Morgan is still fucking shit up today...
They would really like to know the geometry of the underground antenna at Wardenclyff. Some reckon that is why the science center is going in, to block anyone ever finding that info out.
Edit: btw it has been duplicated, just not on the scale of the original inventor.
/sarc?
Just kidding.
I can show a lot too with my GED education. DICK meets ASSHOLE. Thats what its all about. No need for some fucking engineer to come in and fuck everything us blue collar guys done 1000 times. We know the outcome before it starts and know when the fucking commences and stops. pretty simple and thats life. Complex systems are designed for control over others.
So, logically if the economy weighs the same as a duck...it's made of wood.
And therefore?
A witch!
Quick!! Summon the Holy Hand Grenade of Antioch!! The Russians will "run away!!" when they see it!
stone her stone her stone her
DENNIS: You're fooling yourself. We're living in a dictatorship.
A self-perpetuating autocracy in which the working classes--
WOMAN: Oh there you go, bringing class into it again.
DENNIS: That's what it's all about if only people would--
KING ARTHUR: Please, please good people. I am in haste. Who lives
in that castle?
WOMAN: No one live there.
KING ARTHUR: Then who is your lord?
WOMAN: We don't have a lord.
KING ARTHUR: What?
DENNIS: I told you. We're an anarcho-syndicalist commune. We take
it in turns to act as a sort of executive officer for the week.
KING ARTHUR: Yes.
DENNIS: But all the decision of that officer have to be ratified
at a special biweekly meeting.
KING ARTHUR: Yes, I see.
DENNIS: By a simple majority in the case of purely internal affairs,--
KING ARTHUR: Be quiet!
DENNIS: --but by a two-thirds majority in the case of more--
KING ARTHUR: Be quiet! I order you to be quiet!
WOMAN: Order, eh -- who does he think he is?
KING ARTHUR: I am your king!
WOMAN: Well, I didn't vote for you.
KING ARTHUR: You don't vote for kings.
WOMAN: Well, 'ow did you become king then?
Quite possibly the single best movie scene of all time.
Listen, strange women lying in ponds, distributing swords, is no basis for a system of government.
Supreme executive power is derived from the masses, not from some farcical aquatic ceremony.
Evidently you don't understand how the Lizard-People procreate.
i can't even figure how to make my mud crop come out good.
http://www.debtdeflation.com/blogs/2014/09/23/the-overdue-copernican-rev...
On the other hand, it could hardly be any worse than the one we have now.
Listen, strange women lying in ponds, distributing swords, is no basis for a system of government
Why not? Works for me... and the stranger the better! I mean, things have been getting pretty strange around here for some time and there's still no women lying in ponds handing out... ummm... "swords." I mean, I don't know about you but the idea of women lying in ponds kind of fetches my interest. How about you,eh?
Don't think it's a duck. It is sinking.
Don't think it's a duck. It is sinking.
My 9 year olds wouldn't have given a rats ass on why the block was moving, they would have been making book on which direction and how far it moved. That's why the sharper ones will probably be millionairs before they are 20.
... it's millionaires. and in 11 years, that won't buy your poor children a pot to piss in.
oOOH, dude; you're just sooo smart; you're impressing the shit oughta me.
one obvious reason (other than stupid possibiltiies such as living things on or underneath the wood)
is that-----
a) there are subsurface waves on the lake you cannot see on the surface
b) the woods composition absorbs and radiates heat from the water and air in a different manner than surrounding water. this effectively means the wood is colder or hotter than the surrounding water and the heat differential can be a source of motion .
c) the wood can aborb water below its water line while capillary action to the top of the piece of wood floating above the water line slowly changes the weight distribution of water within the wood itself. the wood is thus not in a stead mass state. the dry above water part of the wood can get heavier as capillary action brings water upward. this weight can then destablisize the woods orientation as a floating object.
of the wild card.
d) the wood can be a monster and not a piece of wood.
that's all i got so far.
The wood simply evolved and grew a propeller. Gotta keep it simple.
Jeez...it was a fucking turtle, no wood, just a turtle catching Atlanta sunshine....jeeze louise...
I would have just guessed it was an alligator.
currents
ripples
Genesis in the beginning
http://www.youtube.com/watch?v=gJa9gEUa0To
this explains it all
Eventually, someone has to take the loss... ...are you suggesting that the martians can take this one? Good idea CD, but good luck with that.
oligarch: "welcome to our planet, we have several trillion dollars of risk we need to offload."
alien: "Your means of exchange is a lie based on evil intent. You have destroyed the productive capacity of your planet and now we shall destroy you immediately"
Means of exchange with a visiting alien diplomatic/trade mission would be a great topic of discussion for economists. What could we offer them?
Prostitutes? Hmmm, doubtful
Art? May be
Music? May be
Services/Labor? Yes
Metals/Commodities? Yes
Food stuff? Proteins? Yes
Water? Yes
Oxygen? Yes
Uranium/Plutonium/etc.? Yes
Fiat Money? NO
Energy resources (Oil, Gas, etc.)? Yes
Technology? No
> Food stuff? Proteins? Yes
I'm a bit worried about this one.
I remember reading the short story in HS. It was one of the few good pieces of literature we actually read, along with 1984, and brave new world.
One of my faves.
Classic,
My Favorite is the "The Obsolete Man". That was a time when everyone remembered Fascism and Communism and funny now that I recentrly watched it has it has come full circle and 50 years later highly prophetic.
http://www.youtube.com/watch?v=VUi0M_JQWXE
Poroschenko 's a dead ringer for Richard Kiel.
+10,000
Any visiting alien would immediately see that the clowns in front of the cameras are not running anything.
Beam me up Scotty there is no intelligent life forms on this planet...
http://www.dumage.com/how-to-recognize-intelligent-life/
CD: "Looks like it's time for an alien invasion."
Newsflash: We have already had an Alien invasion. Read/watch the MSM, and see if you notice.
What's going on is no longer an Invasion, but a full-scale ASSIMILATION. Next are the Marginalization (WIP) and the Elimination. Courtesy of the real Z-Nation: the Borg-like Ash K Nazis & Friends.
They Live!
Obey obey
Rowdy Roddy
Is their DNA really different like they claim? :D
Yes, yes CD bring the aliens in, directly from Iron Mountain.
Know your enemy
AD
We've been avoiding earth since Lyndon Johnson announced the Great Society Programs... Good luck...and signing out...Alien 851
that's a pretty stupid fucking post, actually. I mean the one in the newsletter, or blog, or forum, or whatever the fuck computer freaks call these publications. it doesn't even say anything.
Shit, if we knew who our leader was; we coulda killed him ourselves, saved all the trouble.
Maybe we can get the bernanke to land his helicopter long enough to create a bad alien bank that can buy all the toxic debt and launder it into nice tidy creamy dreamy white fiat. Mountains of wonderful fluffy fluttering fiat dancing into the sun in waves of self incineration.
The smokey haze went on for days and we cried until the rain made our damp huts miserable, then we went to sleep hungry forever.
Can you say BAIL IN
Mushroom Clouds...
And you know what? This time, when they say that this war will be over by Christmas, they might just be right.
I think they meant the war will be over christmas.
Santa vs the muslims in 3d.
Humvees on layaway. be careful your secret santa might be a sniper.
More Like Magic Mushroom Clouds :)
Magic Mushroom haze... now you're talking!!!!!
What does happen? I mean if and when this thing bursts and asset values stays low the ripple effects will be devastating.
No...what happens is we all become BAZILLIOJILLIOKRUGMANAIRES. Alan Greenspawn told me so.
agree...
"Central banks may be doing so with good intentions, to get back to full employment"
Bullfuckingshit! Central banks aren't printing out of the goodness of their hearts. They are printing because we are at the end game of of monetary expansion and they are desperatly trying to fight off a deflationary collapse. They will continue to do so even if it means the destruction of the currency. We are witnessing the final wealth transference upward before they try to transition us into a new world currency. All they need is a good crisis........
But they would never actually create one.......would they?
/sarc in case it isn't obvious.
I remember when banks gave away toasters instead of giving away economies and destroying currencies.
Those were simpler times.
Banks actually paid interest on deposits.
a few decades seems like centuries..
Agreed with everything up to "new world currency". That is a western plan. Places like China, India, certainly Russia, want either no part of it, or they want to be in charge of it. The west is in decline. They don't get to rule the world by burning down their own house this time.
I agree with you there. I believe the western powers had a vision of how things would go, but Russia and China balked at the plans, and now TPTB are trying to pressure them to fall in line by building military bases around them. We are truly living Orwell's 1984. It's extraordinary how big a visionary he was.
Exactly what I thought...until today and now I don't know after reading an article on the New American site today. Made me think what Fonz said about Russia before he left. Sure miss that guy.
The New American shares the same view that I do. Make no mistake, Putin is no friend of liberty, he is a statist. Anybody who believes any differently is a fool.
If you hadn't read the it is worth the read. My take from it is that it isn't the west verus the east in a cold war but actually quite the opposite and them working jointly together to achieve the common goal of a nwo.
But Doc, is the USA really a "friend of liberty", really???
Never said it was. Get a clue.
where'd he go?
valley chick, I noticed that there were no more fonz posts, but I did not know that he went away officially! and now I can't find his old posts via the search! what happened; when did he leave; what did he say? thanks.
Fonz decided to take some time off:
http://www.zerohedge.com/news/2014-08-23/europes-real-borrowing-costs#co...
thank you, r00t61
I see that on August 23rd he said he was going to take a week off. I guess it has been more enjoyable than he expected. Rats; I always look for his posts.
valley chick, +100 for the tip. Link to the article worth reading:
http://www.thenewamerican.com/world-news/europe/item/19164-putin-key-pla...
We are well and truly fucked. Bottled in on both sides. Ignore the outdated "socialist" and "communist" terminology in the article; the Birchers can't smell the fascism, not that there is much difference.
Shit, shit, shit, shit and more shit. The war is planned, Putin is one of the planners, his moderate and reasonable tone in the face of ever more shrill denunciation indicates not that he is moderate and reasonable but that he is one of the planners and angling for a favorable position for his group.
Extremely depressing but must read, look at it but have alcoholic beverages handy. There are no good guys at all ...
Kissinger is 91 and David Rockefeller is 99. They wanted to have the NWO in place before they died, and they won't miss by much.
"If you want a vision of the future, imagine a boot stamping on a human face - forever." - George Orwell
Damn, I wish I was as smart as the rest of you guys. I would have seen it sooner.
I agree with all you have said. And I think all of what is happening now was not 'planned' and probably not even thought up ahead of time by TPTB. I think this is all happening as knee-jerk reactions to whatever just happened previously. It's human greed and fear coming full circle into its end game. The end game is chaos and collapse of human financial empires. We will revert back to the mean eventually.
They can either burn down their own house OR take out insurance on all the other houses and burn them down instead.....I think they will choose the latter
Insurance companies loathe paying claims. Just sayin'
flames jump in ways not planned, some arsonists become kindling.
Blowback is a bitch.
"Destruction of the currency" is a fait accompli. US fiat is dying as Another, FOA and FOFOA have discussed for years. Protect yourselves with Gold, Silver and Lead.
You're accusing the Fed of good intentions? Milk just came out of my nose.
You either have a cow stuck up there or you should be on the Gong Show.
Dude, you eating Trix at a time like this????!!!!
Scotch just came out of mine. And you cannot imagine how painful that is. Not to mention a waste of good scotch.
Did Japan every recover after their real estate bubble in the 80's? Nope. Look at them now. Is the Western world that much smarter? Nope.
Change your perspective:
Did Japan implode after their real estate bubble burst? Nope. 25 years later it still being held together by lies and ducttape, and in the meantime the financial warpage (interest rates -> carry trade) allowed TPTB to reel in large financial gains. Has it worked for the status quo maintainers? Yes, it has worked for 25 years and counting (what happens next? who cares. we got ours!)
How about starting a war? That should keep everyone looking at the shiny object instead of the real situation. Hmmm.
FEAR nailed the concept back in the Repo Man days - https://www.youtube.com/watch?v=yJAlIHsXcLY. Perfect blend of cynicism and business insight.
We are already dead. The time has not yet passed.
The second after you are born, you start to die.
or at least smell like it if I remember babies correctly.
The world economy is like "Dead Man Walking".
dead man charging ..
Weekend at Bernankes, the directors cut, brought to you by Visa,Mastercard and Goldman Sachs.
Two hopped up ex goldman penis heads named Timmy and Henry drag a dead economy around at the Federal Reserve chairmans house party with hilarious results.
You"ll love the surprise ending.
Bullish!
So what is going on now is merely the global central bank cartel reflating the next bubble, and final, bubble.
It won't be the final bubble. I'm sure there will be a post-apocolyptic bubble market in sling shots, arrows and torches.
and ebola survivors blood serum
Anyone know what is beyond a trillion...because we are going the way of the YEN
Quadrillion. A quadrillion dollars is worth about 4 mexican pesos. It won't be long before our FSA participants are migrating to mexico to pick their crops.