This page has been archived and commenting is disabled.
Thank the SNB for the Truth
Remember, years ago, when the markets were a mechanism for honest price discovery and a gathering place for buyers and sellers to participate in open, unvarnished capitalism? Yes, I know it was years ago, but I'm sure you can think back to those days.
And do you sometimes ask yourself, "What would it be like if markets were normal again? What if the world's central bankers all decided to go f*ck themselves and leave the markets to act naturally on their own? And how much would I pay to see Janet Yellen commit suicide on pay-per-view?" OK, maybe not that last one, but I bet you've asked the first two.
Well, my friends, the Swiss National Bank has, by their own actions, provided a sort of answer. Look no further than the Euro/Swiss Franc exchange rate graph:
There are, contained herein, three distinct section. The cyan (that's "blue" to the color illiterates out there) area is Markets As God Intended. The green section is the rigidly-controlled, ruled-by-doctrine, price-by-decree market, which went on for nearly three years. And the magenta area, which is just a single price bar, neatly represents what happens when the markets are allowed, pushing and shoving, back into reality.
And that single price bar, my friends, is really all you need to see in order to understand what's ahead. Because one day, probably when Janet is busy shaving her armpits one morning, the markets are going to pop back onto the scene, invited or not, and the graphs are going to "catch up" to where they should have been if our banker friends had never fucked with them in the first place.
So thank you, Switzerland! It's nice to get a little peek at how things are supposed to work.
- advertisements -
This guy is completely off base. Everyone knows that granny yellin has dreadlocks under both of those pits.
A line like this would be at every bank in the US and overseas as well if they stopped the manipulation of gold prices. Going to be an interesting year, for sure.
I've never paid for anything "view" in my life - BUT - if Beji and Old Yellen were going to off themselves on pay-per-view, I would definitely pay to see that .... (even if they are just tools).
... and I'd pay even more if it involved a shark tank ....
lots of people got hosed buying the pair at 1.201 counting on SNB to do what they've been doing for three years
the casino always wins.
Except for the odd time that someone comes along and breaks the house ...
Free Floating Currencies...that's the buzz word...buh bye dirty float...oh..and its going to hurt!
varnish protects from tarnish, prolonging the life of the varnished, even when the varnished should be left to tarnish. tarnish over time is natural, and reveals natural order. A market, left to natural order, will, over time, tarnish. A varnished market is rendered unnatural, and hides natural forces; especially the tarnish. Tarnish is natural. Varnish is unnatural. I opt for unvarnished markets
Achoo
Thanks Tim. I remember free markets and the prosperity they helped create, but you can see how popular that is on a "finance" blog. Gawdhelpus.
As for the racketeers of the Fed, may they get justice;)
Wow, this poster really is an optimist.
What's religion got to do with this? Or do you refer to Goldman's "work"?
The first letter of your post is italicized, so no arrows. :(
The Tylers should take some of all that ad money they're making, and pay a programmer to fix that bug ...
It's not a bug, it's a feature. If you want to get your idea across without the constant distraction of the herd arrows, then post in itallics!
Somehow, you're doing italics wrong.
Hasn't been a free market since fiat was invented and I wasn't around back then.
Every once in a while the civilized world discovers that while you can control a nations economy by central control for years, eventually the market unknowns bite you in the behind. Inflation seems to be the most common cause of doom. "Things will go bad slowly then all at once." You can see people who are in the lower tier of the wealthy getting nervous and various politicians trying to point the finger at anybody but them now. Bankers will get prosecuted and commit suicide but the real move is on when the government officials start having "accidents."
Aw common...Just how do people just accidentally hang from lamp posts? Huh?
Actually, I don't remember much from before 1913, except the Alamo.
I just puked in my mouth a little at the image of Yellen shaving her pits.
"There ain't nuthin uglier than an old white woman." Fred Sanford, Sanford & Son
What about if she were shaving her tits?
almost as bad as her trimming her penis hair.
Savy...I just spewed COORS light out my nose when I read your tag..thanks.
Would you rather him mention her waxing her pubes prior to the next Bilderburg meeting.
Awesome article and written in a style I can appreciate.
And I actually would pay to see that fucking cunt do herself in. What a mess it would be if that whore jumped off a building. It would have to be ruled suicide cause there's no way anyone could carry her fat worthless ass up there.
I'd pay more if she jumped off a building with Greenspan and those bearded fucks bernanke and krugman as the crash mats.
She needs to take Bernanke with her.
Greenspam needs a seat on that bus....
Actually it makes for a very crowded bus when you include all the people that deserve to be there.
Don't forget their Kapos.
Remember, years ago, when the markets were a mechanism for honest price discovery and a gathering place for buyers and sellers to participate in open, unvarnished capitalism?
No. It was Barzini all along. They have been rigging markets since at least 1987.
Yeah, and I can't wait for the markets to give them a Sonny Corleone-style street beating now...
From what i've read it was Reagan that helped create the PPT. The rigging has just gotten much more involved and advanced. It's always been dirty business.
From the Executive Order 12631--Working Group on Financial Markets -
http://www.archives.gov/federal-register/codification/executive-order/12...
Agree ...algos are a net positive for the rigging bizness.
We had a taste of price discovery in oil and the "world nearly ended".
So act responsibly with that free market stuff.
Fantastic image of order from chaos, or is it the other way around?
A genuine Minsky moment.
It says it all so much more clearly than most of the past year's posts re CB policies and their yapping.
That graph and paragraph under it would be the ideal front-cover on the New York Post come Saturday morning.
Price discovery rediscovered... The hard way. Those guys are going to get kicked out of the club if they keep it up.
Beautiful graph. I hope one day I will see HKD depeg USD.
It cannot happen soon enough.
Bravo! Well-said and well-graphed. If there was a Nurenberg trial for financial criminals, how do you suppose the world's central bankers would fare? Of course, the CBers are not criminals because their bosses made the laws that empowered the CBers and it's all legal!
I don't think we'll see Nuremberg, if it gets as bad as it could they might get a "peoples court" just before the trapdoor opens.....
"..the graphs are going to "catch up" to where they should have been if our banker friends had never fucked with them in the first place".
And eloquently put as well!
DavidC
"cyan". In Texas its pronounced cayenne. Not kidding.
Oh yeah, love to see the free markets at play.
"Shaving her armpits"? Really?
"There ain't nuthin uglier than an old white woman." Fred Sanford
cayenne is red. When you put it on hot bread.
I guess the texans like to call blue, blew ! Sounds more true to the groove.
'N in NASCAR, the car hadta'get to the garage 'cos the engine blowed...
It's NASCAR Past perfect, Professor Retard - it's " 'cos the engine DONE blowed... "
Texas has to be part of the free market, regardless of how they pronounce Cyan.....
Sad, but true.
notice if you dram a straight line from the blue area, right where it starts its down leg, to the bottom of the magenta area, it fairly neatly shows what would have happened anyway had those three years of manipulation not happened. Reality is a bitch, and the longer they put it off, the worse it will be. kinda nice to see an actual market bitch slap the very people who are betting on the manipulators right in the face with the cold, hard hand of reality