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Chart Of The Day: This Is What 6 Years Of Central Bank Liquidity Injections Look Like
Curious how over the past 6 years we got to a point where the market is now so irreparably broken, even the BIS couldn't take it anymore and threw up all over the the world's central bankers? Then look no further than the following chart summarizing 6 years of global central bank liquidity injections that have made it imperative to use quotation marks every time one writes the word "market"

Source: BlackRock
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Where's the black market chart porn on ZH? It might be economically useful to graph the cost of a gram of coke over the past 40 years, since that's the least manipulated market available.
I am not sure I nose about that.
It's not just an injection but massive purchase of shitty toilet paper debt.
Will it level out? I figure so, but no boost to real economy until true captial formation comes back. It might never.
So much liquidity has been injected they are now swimming out my mouth.
pods
Indeed, so much liquidity has been dumped into the system that a bunch of it appears to be dripping out of the bottom of that chart...
Circle Jerk
Every empire taking their turn
US Fed
then British
then Japan
then ECB
then Japan & Fed together
now that commodity prices are falling expect BRICS to follow...
Brazil, Russia, South Africa are going to pump too.
because asset price reset means the super rich loses their shirt
Unless you view its prohibition and the war ond drugs as a manipulation, as I do. When you sell the stuff, you run the risk of having men with guns kick your door in, turn your shit inside out, shoot you and/or your dogs, and lock you in a cage after seizing all of your assets. Accordingly, you will demand a price that is much higher than the production costs would otherwise justify as a risk premium.
Exactly. And you cannot use the court system to settle disputes, so you basically self insure.
OTOH, on the buyers side, you can run into trouble.
http://www.wral.com/person-of-interest-charged-in-weekend-overdoses-of-c...
Someone (who definitely does not know dope dosages) cut coke with fentanyl. Not sure how much coke will kill you, but fentanyl is dosed in µg.
Eeek.
pods
I'm measuring my investments in geologic time, so I look like a genius...
you ain't seen nuthin' yet
I would actually like to see that chart. Gram of coke every year since 1965
Not exactly what you are looking for, but here is a state by state breakdown on the price of coke:
http://www.narcoticnews.com/drug-prices/cocaine/
thank YOU little Vaquero!!
You can see what states are receiving majority of shipments just by looking at the price. Which is no surprise when you think about it.
New Mexico
Arizona
Texas
Florida- has a a very low price and high price likely indicating not as much yeyo is coming in as when the city of Miami was being born.
The price has not changed since 1985 because bankers like that shit and they set the price of everything.
Curious to know what the board perceives the November trillion dollar transaction the Treasury issued to cover previously issued debt. Is that not yet another form of QE or it just simply a ponzi.
What we really need is a chart showing the amount of naked paper shorts created out of thin air to plaster the PM stocks! And a chart showing the naked short paper created out of thin air to smash Gold and Silver!
There probably isn't a chart big enough!
And you think you actually own that stock of the Gold company you bought. Better look up DRS!
When a government is dependent upon bankers for money, they and not the leaders of the government control the situation, since the hand that gives is above the hand that takes… Money has no motherland; financiers are without patriotism and without decency; their sole object is gain.” – Napoleon Bonaparte, Emperor of France, 1815
nothing new under the sun
Source? Its a curious quote. I'll look for it in french.
They all should have stayed at the Hotel California:
"You can check out any time you like,
But you can never leave"
We'd all be better off with these raging egos off the streets.
QE died when Putin attacked Crimea.
Financial War is dead. Back to real war.
Dollar drainage under way otherwise the world will side with Putin.
Sacrificial lambs about to be slaughtered on altars for the system to survive.
TRIPLE LEHMAN
Curious to know what you think of the November trillion dollar transaction the Treasury issued to cover previously issued debt. Isn't this yet another form of QE?
No, if they recycled QE or exinting reserves from one account to another.
Qe occurs only when fed buys ust
Or assets, toxic or otherwise
Putin did not attack Crimea.
IF the market is broken who cares!
If the economy is broken then we all care.
The market belongs to the Oligarchs.
If there was ever any doubt the economy was deflating, there is not now...
http://www.globaldeflationnews.com/inflation-vs-deflation-part-1which-on...
I don't know where that 8% figure comes from. Here in TX it's more like 5%, less than that for a more expensive home. And not all closing costs are borne by the buyer, some are paid by the seller.
The continual exaggeration gets old. The housing market worked great for decades when the down payment requirement was........... 5%.
hey, Ghordius is correct
ECB has been draining liquidity in recent times
the man does know Europe better than us non-multilingual keyboard monkeys.
this is a very helpful graph, for those in the equity "markets", people who invest in gold would appreciate a graph like this also, to see how much paper gold there is, and how much real gold there is.
look at the yellow line about 3/4 through 2010, if the BIS's, boj arm didn't come to the rescue, we'd be 4 yrs. into a more transparent, "market".
if the crash comes when that yellow line is down there at 3/4 through 2010 level, which it probably would be without any BIS, (fed,. boj,.ecb., boe.), qe programs, it will be hell.
That article said it is
... imperative to use quotation marks every time one writes the word "market" ...
More and more, since about 2008, I have felt it was necessary to use quotation marks every time that I wrote the word "money." The word "money" gradually had its meaning inverted and perverted more and more, for about a Century in America, which was preceded by that happening for a few Centuries in the British Empire, wherein the Bank of England promoted fractional reserve banking.
Money originally meant metal coins, while "dollar" was a precise amount of silver. Those forms of real money had intrinsic value, or the "ring of truth" present in the metal itself. However, gradually, the meaning of the word "money" was inverted and perverted, so that "money" today exists as a globalized electronic fiat fraud, backed by most of the world's governments. That "money" as credit is NOT capital, but rather MAD Money As Debt is anti-capital, analogous to anti-matter, that actually annihilates capitalism, since "money" made out of nothing means that "capital" is being created out of nothing. Similarly, after "money" is legally counterfeited, as debts, then there are no more genuine markets, because the price of "money" itself has become a cruel joke, and therefore, all other "markets" also become nothing more than cruel jokes inside of that MAD Money As Debt system.
Ever since fractional reserve banking was first legalized, through the Bank of England a few Centuries ago, there has been an exponential growth of the profits from frauds being reinvested in more frauds, especially through the funding of the political processes, to legalize more and bigger frauds. THE BASIC WAYS THAT PRIVATELY CONTROLLED BANKS WERE ALLOWED TO MAKE THE PUBLIC "MONEY" SUPPLY OUT OF NOTHING DESTROYED "MARKETS" AT AN EXPONENTIALLY ACCELERATING RATE.
Of course, silver was effectively demonetized in America more than a Century ago, while the Federal Reserve Board was enacted about a Century ago, and the last connections of the original meaning of the word "money" as backed by metal, in the form of gold, was destroyed in the USA since 1971. The only thing that changed since the financial crises in 2008 was that the central banks had to up their game, to make more of the required MAD "money" out of nothing, to replace the missing "money" due to the problems that other private banks were having to continue to be able to make enough "money" out of nothing as debts, since there was no longer being enough people able and willing "borrow," by them taking out loans, which could enable those private banks to make more "money" out of nothing, while, instead, too much "money" was disappearing back to nothing, as debts were variously defaulted upon.
With respect to that overall situation, there seems to be a general trend on Zero Hedge for people to look too much at the last 6 years, with its rising role of the privately controlled central banks taking up more and more of the slack from other privately controlled banks, which could no longer keep the social pyramid schemes going, by being able to make more "money" out of nothing as debts, because there were not enough viable borrowers who were still able and willing to do that anymore. Meanwhile, the established systems also appeared desperate to find excuses whereby they can enable more potential borrowers to become viable, which was merely more nutty wrinkles in the basic MAD Money As Debt system.
During the last 6 years, the central banks stepped into the breach, because they did not have as many comparable limits regarding their abilities to make more "money" out of nothing, as the "lender" of last resort. However, people who focus up aspects of the recent wrinkling in that MAD situation tend to continue to be grossly understating the deeper nature of the real problems, and therefore, grossly underestimating what it would take to fix those real problems.
The basic MAD Money As Debt system is legalized counterfeiting of the public "money" supply by privately controlled banks, who gained that power by being able to apply the methods of organized crime to the political processes, and then leveraged that up and UP, so that they also dominated the mass media, and schools, so on and so forth, while that profound INSANITY of making "money" out of nothing by private banks was DESTROYING capitalism and markets, yet that was deliberately ignored, while its consequences automatically got worse, faster.
PRIVATE BANKS CREATING THE PUBLIC "MONEY" OUT OF NOTHING IS A FRAUD ENFORCED BY GOVERNMENTS. In that context, mostly the reactionary revolutionaries who do understand that somewhat then propose going backwards to recover some standard for more sound and honest money systems, that were backed by physical commodities, or whatever, which could not be created out of nothing. However, the deeper realities where that money was measurement backed by murder.
Money backed by gold and silver was the measurement of gold and silver backed by murder. Therefore, what actually happened, over and over again throughout history, was that the murder systems, primarily operating through the principles and methods of organized crime, were able to subvert commodity backed money. In practice, the Bank of England enabled fractional reserve banking to proliferate, and the Federal Reserve Board in the USA enabled those processes to pick up speed, until by 1971 the "solution" was to severe the last links of the value of the American dollar to physical gold. (That destruction process began long before with demonetizing silver, however, even more educated people tend to not equally emphasize that, as much as they emphasize the destruction of the gold standard backing money, despite that the original American money was bimetallic.)
The only things that actually exist are murder systems backing money systems. All other standards for money are based on idealized views regarding what money should be, that deliberately ignore what it is. The "money" system that dominates the world today is the result of the international bankers being the best organized gangsters, the banksters, that were best able to apply the methods and principles of organized crime to the political processes, in order to capture control over governments, which would then enforce the frauds of private banks making the public "money" supply out of nothing as debts.
I repeat that only thing that has changed since 2008 is the relatively increasing role of the central banks in making proportionately more of the public "money" supply out of nothing, to replace the inabilities of other privately controlled banks to be able to make enough "money" out of nothing, as debts, because those lesser banks were finding it harder to have the necessary borrowers able and willing to take out the loans made with that "money" thereby created out of nothing.
THE DEEPER ISSUE OF THE PUBLIC "MONEY" SUPPLY BEING MADE OUT OF NOTHING AS DEBTS BY PRIVATE BANKS WAS ALWAYS ENFORCED FRAUD, WHICH GOT WORSE AT AN EXPONENTIAL RATE. That system of legalized lies, backed by legalized violence, was always destroying "capitalism" and "markets" from the moment it started. Central banks can never improve any aspects of any markets, because their creation of "money" out of nothing destroys markets! It simply has gotten worse, faster, to the point where it has become so blatantly obvious that more people notice that. However, almost nobody who notices the more recent developments of those processes appears able and willing to look at the deeper causes that money is measurement backed by murder.
All private property is based on backing up claims with coercions. There is no private property outside of some system of public violence. The established political economy is built on the foundation of ENFORCED FRAUDS, because human realities were always organized lies, operating robberies. Human beings operate as entropic pumps of energy, while the ways that human civilizations developed were through the biggest bullies' bullshit social stories presenting all of those basic facts in as backwards of ways as possible.
Governments were always the biggest form of organized crime, controlled by the best organized gangs of criminals. For several Centuries those have been the biggest banksters, who were able to dominate the political processes in ways which resulted in legalizing them counterfeiting the public "money" supply out of nothing as debt. That kind of "money" was always a form of "anti-capital," which was analogous to anti-matter in the ways that kind of "money" annihilated "capitalism" and "free markets."
We already now have globalized electronic fiat money, backed by the threat of the force of atomic bombs, which is the actual reality of the ways that we now have money being measurement backed by murder. However, by and large, people tend to regard those phenomena in ways that are way too superficial, and therefore, tend to promote silly "solutions" to those problems.
Overall, progress in science and technology has enabled the continued exponential growth in the systems of lies backed by violence to become much BIGGER, more sophisticated systems of legalized lies, backed by legalized violence. All the way through those developments, the production of destruction controlled production. However, most people were brainwashed to perceive there being a false fundamental dichotomy between production versus the production of destruction. That enabled those people to develop a mistakenly idealized version of capitalism and markets.
"Money" made out of nothing as debts was inherently anti-capital, and so, the more that was done, the more that "markets" were thereby destroyed. As the central banks took over making more and more of the public "money" supply out of nothing during the last 6 years, it became more and more blatantly obvious that was destroying capitalism, and thereby generating increasingly serious and severe systemic RISKS, since the "markets" using that "money" made out nothing were being overwhelmed by the speculative gambling enabled by that kind of "money" supply.
However, the vast majority of people continue to be mainstream morons that never had a clue about any those things, and continue to mostly be so clueless that they do not have a clue how clueless they are. Furthermore, in my opinion, the few that are awakening to those facts continue to mostly be reactionary revolutionaries. I assert that we can NOT go backwards to find any genuine solutions to those problems. The only genuine solutions are to go forwards, through intellectual scientific revolutions in the philosophy of science, which may enable us to better understand how and why "money" is measurement backed by murder.
There were good reasons for governments being the biggest form of organized crime, controlled by the best organized gangs of criminals. There were good reasons for human realities to always be organized lies operating robberies. The only genuinely better resolutions to those situations require that we develop better organized crime, in the sense of better dynamic equilibria between the different systems of organized lies operating robberies.
Capitalism and free markets appear to have been destroyed by the public "money" supply being more and more made out of nothing as debts by bigger and bigger banks. However, a more scientific view of capitalism and markets should regard those as manifesting evolutionary ecologies, through general energy systems expressed as human activities. Such a more scientific view of capitalism and markets is then able to include consideration of the roles of murder and fraud, as the forms of the production of destruction that control production.
It is a dead-end stupidity to promote any return to idealized "free markets" and "capitalism" that deliberately ignore the roles of fraud and murder. The actually existing systems operate according to the ways that general energy systems operate. In the case of human beings, it means that human systems necessarily follow the principles and methods of organized crime, with the path of least resistance being the path of least morality. The fundamentals are robbery, with murder as the most extreme form of that robbery.
More scientific human beings should necessarily perceive that, to the degree that they perceive at all. As soon as human beings relatively subtract any part from the whole, and thereby give that relatively separated part a name and properties, then that SUBTRACTION has automatically and necessarily created the associated ROBBERY, in the sense that the conservation of energy now operates across the defined boundaries of the subtracted part, and taking energy across those boundaries is basically robbery by definition.
It is unavoidable and imperative for human beings that tell stories to operate through systems of organized lies and robberies, in which the murder systems are the most extreme manifestation of that. Therefore, any better analysis of the economy, within its real ecological context, always discovers systems of lies and robbery, in which money is always measurement backed by murder. Any other analysis is superficial and mistaken.
There is nothing genuinely new that is happening, other than the development of the biggest banks, as the biggest gangsters, having driven their systems of government ENFORCED FRAUDS to the point where that debt slavery has generated numbers which have become debt insanities, because there is no longer any mathematically possible way to ever resolve those from within the frame of reference of those established systems. That is why we appear to be headed towards provoking death insanities, as the only ways to respond to the established systems developing their current levels of debt insanities.
The relatively more obvious debt insanities promoted by the central banks since 2008 are merely the continued unfolding of the established systems, developing bigger legalized lies, backed by more legalized violence. If anyone is genuinely serious about better resolutions of those problems, then they should address the deeper issues, which are how human beings tell stories, which are based upon SUBTRACTING parts from the whole, and thereafter being necessarily engaged in ROBBERIES due to that perception of reality.
As the central banks become more dominant in the role of creating the public "money" supply out of nothing, it becomes more blatantly obvious how dangerous those destructions of capitalism and free market equilibria have been. However, since those established systems appear headed towards psychotic breakdowns, I recommend much more profound paradigm shifts regarding how we perceive those processes. We are NEVER going back to the illusions regarding what was "normal."
There was never a time when "capitalism" and "markets" did not fundamentally include frauds and murders. That merely has been bubbling back to the surface more, as bigger and bigger banks were creating more and more "money" out of nothing as debts, which was annihilating the previous illusions regarding there being "capitalism" or "markets" when there were more smaller banks making the public "money" supply out of nothing as debts.
If one is serious about the ideals of capitalism and markets, along with the ideas of more honest money, then the place to start should be with respect to understanding how general energy systems manifest through human beings. However, such progress requires appreciating how and why we ended up with a philosophy of science that reversed the meaning of "entropy."
These days, we are more and more obviously living inside of Bizarro Mirror World, where everything appears proportionately backwards. Therefore, the meaning of the word "money" has been inverted and perverted, which processes went along with the inversion and perversion of "markets." However, some of the deeper aspects of that were that the concept of "entropy" was also inverted and perverted, which is why it appears almost impossible for many people to better understand how the concepts of general energy systems apply to human beings.
It is widely recognized on Zero Hedge that we are already inside a situation which is facetiously referred to as the "new normal," where the ways that we are living inside of a Bizarro Mirror World are becoming more obnoxiously absurd every day. However, in my view, there is almost no recognition of the degree to which we should go THROUGH that looking glass to find genuinely better resolutions to those situations, wherein the creation of "money" out of nothing has destroyed the previous systems of "capitalism" and "markets" which could maintain their illusions regarding themselves.