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Guess What Happened The Last Time Bond Yields Crashed Like This...

Tyler Durden's picture




 

Submitted by Michael Snyder via The Economic Collapse blog,

If a major financial crisis was approaching, we would expect to see the “smart money” getting out of stocks and pouring into government bonds that are traditionally considered to be “safe” during a crisis.  This is called a “flight to safety” or a “flight to quality“.  In the past, when there has been a “flight to quality” we have seen yields for German government bonds and U.S. government bonds go way down.  As you will see below, this is exactly what we witnessed during the financial crisis of 2008.  U.S. and German bond yields plummeted as money from the stock market was dumped into bonds at a staggering pace.  Well, it is starting to happen again.  In recent months we have seen U.S. and German bond yields begin to plummet as the “smart money” moves out of the stock market.  So is this another sign that we are on the precipice of a significant financial panic?

Back in 2008, German bonds actually began to plunge well before U.S. bonds did.  Does that mean that European money is “smarter” than U.S. money?  That would certainly be a very interesting theory to explore.  As you can see from the chart below, the yield on 10 year German bonds started to fall significantly during the summer of 2008 – several months before the stock market crash in the fall…

German Bond Yields 2007 And 2008

So what are German bonds doing today?

As you can see from this next chart, the yield on 10 year German bonds has been steadily falling since the beginning of last year.  At this point, the yield on 10 year German bonds is just barely above zero…

German Bond Yields 2013 To Today

And amazingly, most German bonds that have a maturity of less than 10 years actually have a negative yield right now.  That means that investors are going to get back less money than they invest.  This is how bizarre the financial markets have become.  The “smart money” is so concerned about the “safety” of their investments that they are actually willing to accept negative yields.  I don’t know why anyone would ever put their money into investments that have a negative yield, but it is actually happening.  The following comes from Yahoo

The world’s scarcest resource right now is safe yield, and the shortage is getting more extreme. Most German government bonds that mature in less than 10 years now have negative yields – part of some $2 trillion worth of paper with yields below zero.

 

This is what happens when the European Central Bank begins a trillion-euro bond-buying binge with rates already miniscule.

 

Yesterday, ECB boss Mario Draghi – unfazed by the protest stunt at his press conference – reaffirmed his plan to keep bidding for paper that yields more than -0.2% – that’s minus 0.2%.

Yes, the ECB is driving a lot of this, but it is still truly bizarre.

So what about the United States?

Well, first let’s take a look at what happened back in 2008.  In the chart below, you can see the “flight to safety” that took place in late 2008 as investors started to panic…

US Bond Yield 2007 And 2008

And we have started to witness a similar thing happen in recent months.  The yield on 10 year U.S. Treasuries has plummeted as investors have looked for safety.  This is exactly the kind of chart that we would expect to see if a financial crisis was brewing…

US 10 Year Yield 2014 And 2015

What makes all of this far more compelling is the fact that so many other patterns that we have witnessed just prior to past financial crashes are happening once again.

Yes, there are other potential explanations for why bond yields have been going down.  But when you add this to all of the other pieces of evidence that a new financial crisis is rapidly approaching, quite a compelling case emerges.

For those that do not follow my website regularly, I encourage you to check out the following articles to get an idea of what I am talking about…

-“Guess What Happened The Last Time The Price Of Oil Crashed Like This?…

-“Not Just Oil: Guess What Happened The Last Time Commodity Prices Crashed Like This?…

-“10 Key Events That Preceded The Last Financial Crisis That Are Happening Again RIGHT NOW

-“Guess What Happened The Last Time The U.S. Dollar Skyrocketed In Value Like This?…

-“7 Signs That A Stock Market Peak Is Happening Right Now

-“Guess What Happened The Last Two Times The S&P 500 Was Up More Than 200% In Six Years?

Of course no two financial crashes ever look exactly the same.

The crisis that we are moving toward is not going to be precisely like the crisis of 2008.

But there are similarities and patterns that we can look for.  When things start to get bad, investors act in predictable ways.  And so many of the things that we are watching right now are just what we would expect to see in the lead up to a major financial crisis.

Sadly, most people are not willing to learn from history.  Even though it is glaringly apparent that we are in a historic financial bubble, most investors on Wall Street cannot see it because they do not want to see it.  They want to believe that somehow “things are different this time” and that stocks will just continue to go up indefinitely so that they can keep making lots and lots of money.

And despite what you may think, I actually want this bubble to continue for as long as possible.  Despite all of our problems, life is still relatively good in America today – at least compared to what is coming.

I like to refer to this next crisis as our “third strike”.

Back in 2000 and 2001, the dotcom bubble burst and we experienced a painful recession, but we didn’t learn any lessons.  That was strike number one.

Then came the financial crash of 2008 and the worst economic downturn since the Great Depression.  But we didn’t learn any lessons from that either.  Instead, we just reinflated the same old financial bubbles and kept on making the exact same mistakes as before.  That was strike number two.

This next financial crisis will be strike number three.  After this next crisis, I don’t believe that there will ever be a return to “normal” for the United States.  I believe that this is going to be the crisis that unleashes hell in our nation.

So no, I am not eager for that to come.  Even though there is no way that this bubble of debt-fueled false prosperity can last indefinitely, I would like for it to last at least a little while longer.

Because what comes after it is going to be truly terrible.

 

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Tue, 04/21/2015 - 19:05 | 6016374 NaiLib
NaiLib's picture

Seems cash under the pillow will give a very good relative return the coming year.

Tue, 04/21/2015 - 19:09 | 6016393 NotApplicable
NotApplicable's picture

There is no back, there's only through. If you're lucky.

Tue, 04/21/2015 - 19:14 | 6016406 kaiserhoff
kaiserhoff's picture

Never is s long time, Michael.

Tue, 04/21/2015 - 19:25 | 6016442 negative rates
negative rates's picture

It's already been terrible, you aint seen nothin yet compared to this troubled town.

Tue, 04/21/2015 - 19:29 | 6016456 knukles
knukles's picture

The Only Thing We Learn from History is that We Don't Learn for History

Tue, 04/21/2015 - 19:44 | 6016489 Future Jim
Future Jim's picture

We get exactly three strikes? Not 2? Not 4?

Tue, 04/21/2015 - 19:53 | 6016523 usednabused
usednabused's picture

I think we get 2. What really returned to normal after the last crash? Maybe for the 1%. Just got the smoke and mirrors rolled out for everyone else.

Tue, 04/21/2015 - 20:06 | 6016549 johngaltfla
johngaltfla's picture

Last time bond yields/interest rates behaved like this, I believe the Dutch ruled the world and Tulips were in.

Tue, 04/21/2015 - 20:39 | 6016638 Creepy A. Cracker
Creepy A. Cracker's picture

Since Lehman.

Tue, 04/21/2015 - 20:50 | 6016653 Possible Impact
Possible Impact's picture
The Holy Hand Grenade of Antioch
A Reading from the Book of Armaments, Chapter 4, Verses 16 to 20:

Then did he raise on high the Holy Hand Grenade of Antioch, saying, "Bless this, O Lord, that with it thou mayst blow thine enemies to tiny bits, in thy mercy." And the people did rejoice and did feast upon the lambs and toads and tree-sloths and fruit-bats and orangutans and breakfast cereals ... Now did the Lord say, "First thou pullest the Holy Pin. Then thou must count to three. Three shall be the number of the counting and the number of the counting shall be three. Four shalt thou not count, neither shalt thou count two, excepting that thou then proceedeth to three. Five is right out. Once the number three, being the number of the counting, be reached, then lobbest thou the Holy Hand Grenade in the direction of thine foe, who, being naughty in my sight, shall snuff it."

King Arthur: Right. One... two... five.
Galahad: Three, sir.
King Arthur: Three.
Tue, 04/21/2015 - 22:38 | 6016915 TheReplacement
TheReplacement's picture

Apparently the 70s, 1987, and 1991 don't count.

Tue, 04/21/2015 - 19:16 | 6016417 kaiserhoff
kaiserhoff's picture

Silver even mo' bettah;)

Tue, 04/21/2015 - 19:28 | 6016452 TeamDepends
TeamDepends's picture

Amen! FRNs will be good for asswipe. OK, they can be used to start fires. Alright!!! They will serve as a reminder that we can NEVER have currency backed only by debt ever again.

Tue, 04/21/2015 - 19:39 | 6016480 sun tzu
sun tzu's picture

Are bond yields falling due to private investors or central banks?

Tue, 04/21/2015 - 19:53 | 6016518 spinone
spinone's picture

Does it matter?  Why?

Tue, 04/21/2015 - 23:02 | 6016971 golden torch
golden torch's picture

I'm making over $7k a month working part time. I kept hearing other people tell me how much money they can make online so I decided to look into it. Well, it was all true and has totally changed my life. This is what I do... www.globe-report.com

Tue, 04/21/2015 - 19:08 | 6016378 TeamDepends
TeamDepends's picture

Shemitah followed this time by jubilee! Can't wait!

Tue, 04/21/2015 - 19:07 | 6016387 Meremortal
Meremortal's picture

Oh thank goodness, Tyler had me worried for a minute. I thought he was saying that the coming bond crash would be a boring repeat of the dozens of bond crashes in the past.

But no, this time, it's all over for good.

I wonder if this Tyler knew the last bond crash wasn't the big final one End Of Days crash yet to come. If so, that would be impressive. 

 

 

Tue, 04/21/2015 - 19:07 | 6016388 Beam Me Up Scotty
Beam Me Up Scotty's picture

I bought something at Best Buy with cash, about $300.  The kid looked at me quizzically, and said he only trusted himself with about $50 at most.  If you can't trust yourself, who CAN you trust????

Tue, 04/21/2015 - 19:10 | 6016396 BringOnTheAsteroid
BringOnTheAsteroid's picture

Remind me not read ZH first thing in the morning. I might just go and kill myself now.

Tue, 04/21/2015 - 21:11 | 6016700 turnoffthewater
turnoffthewater's picture

Don't do that. That is exactly what they want

Tue, 04/21/2015 - 21:39 | 6016758 BringOnTheAsteroid
BringOnTheAsteroid's picture

Don't worry, I want to be around to see how the heck this all plays out. Like many people here I think we may be in for the greatest turmoil in the history of mankind but this is dependent on whether the psycopaths in power push for nuclear war. If we avoid war then the coming turmoil may be survivable for the majority but if we get nuclear war I highly doubt survivability for the majority. There'd be massive disruptions to the supoply chain across energy and food and our cities are probably 3 days away from anarchy at any given point in time.

Also, don't forget, there are 500 domestic nuclear power plants scattered around the NH. Think of a shoot out between gangs in a china shop and hoping none of the china is wrecked. Well that's what a third world war is going to be like as far as the domestic nuclear power plants go. Let's not kid ourselves either, these are the first strategic targets that will be hit. Men who conduct war and are involved in war including all western forces and personnel are evil mother fuckers. every last soldier in the US army, Australian army, French army, Ukranian army, Russian army, Chinese army et al, are evil pieces of shit. Every single last one of those useless bags of meat.

I wonder what life on earth would be like if every member of every army and navy in the entire world could be eradicated. 

Tue, 04/21/2015 - 19:12 | 6016403 TooBearish
TooBearish's picture

wrong count my man - they did it in 89 and 92 too - so there dating myself....

Tue, 04/21/2015 - 19:16 | 6016414 Goldilocks
Goldilocks's picture

Stockholm syndrome
http://en.wikipedia.org/wiki/Stockholm_syndrome

Stockholm syndrome, or capture-bonding, is a psychological phenomenon in which hostages express empathy and sympathy and have positive feelings toward their captors, sometimes to the point of defending and identifying with the captors. These feelings are generally considered irrational in light of the danger or risk endured by the victims, who essentially mistake a lack of abuse from their captors for an act of kindness.[1][2] The FBI's Hostage Barricade Database System shows that roughly 8 percent of victims show evidence of Stockholm syndrome.[3]

Stockholm syndrome can be seen as a form of traumatic bonding, which does not necessarily require a hostage scenario, but which describes "strong emotional ties that develop between two persons where one person intermittently harasses, beats, threatens, abuses, or intimidates the other."[4] One commonly used hypothesis to explain the effect of Stockholm syndrome is based on Freudian theory. It suggests that the bonding is the individual's response to trauma in becoming a victim. Identifying with the aggressor is one way that the ego defends itself. When a victim believes the same values as the aggressor, they cease to be perceived as a threat.[5]

Tue, 04/21/2015 - 21:41 | 6016767 BringOnTheAsteroid
BringOnTheAsteroid's picture

You've just described every theist in the world.

Tue, 04/21/2015 - 22:02 | 6016824 Seek_Truth
Seek_Truth's picture

You are pathetic- you speak just like your father- he is a liar and the originator of the lie:

"You belong to your father, the devil, and you want to carry out your father's desires. He was a murderer from the beginning, not holding to the truth, for there is no truth in him. When he lies, he speaks his native language, for he is a liar and the father of lies." - John 8:44

Christians worship a benevolent god, one they serve of their own free will.

There is no capture, hence no stockholm syndrome.

Rather, He promises to those who worship Him:

""What no eye has seen, what no ear has heard, and what no human mind has conceived" -- the things God has prepared for those who love him" - 1 Corinthians 2:9

"He will wipe every tear from their eyes. There will be no more death' or mourning or crying or pain, for the old order of things has passed away."" - Revelation 21:4

Why not be honest, and let everyone know that you are awaiting a benevolent virus to wipe out people that you deem "bad?" How stupid is that? And yet that is what you HOPE for.

Those are your own words.

Had you not said so- I would have surmised that you HOPE for an asteroid to indiscriminately wipe out life on Earth.

What a vile hypocrite you are!

Tue, 04/21/2015 - 22:21 | 6016829 BringOnTheAsteroid
BringOnTheAsteroid's picture

"There is no capture, hence no stockholm syndrome."

Psychological capture hence an abundance of Stockholm Syndrome.

 

"Why not be honest, and let everyone know that you are awaiting a benevolent virus to wipe out people that you deem "bad?" How stupid is that? And yet that is what you HOPE for."

Wrong. The world needs a fertility virus that will reduce our propensity to breed ourselves into oblivion. No one needs to suffer, only the birth rates decline globally. No one currently living need die, no one currently living need suffer. We are collectively unthinking animals who breed like bacteria in a petri dish. No individual bacteria is aware that their division is growing the population and that there is a finite amout of resources.

I know this doesn't fit into your MO because you want destruction, you want fire and brimstone, you want your ancient belief system to be proven right.

I'll change my avatar if you change your entire belief system.

And let's not talk too much about hypocrits Seek_Truth. Even if I did hope (which would be absurd) that an asteroid wipe out life indiscriminantly on earth, you hope for ALL LIFE ON EARTH TO BE WIPED OUT. Mate this is what your revelations predict and you salivate over it. Ironic is it not? Is there not a sicker and more vile belief system than this. I mean I'd be hard pressed to come up with a worse one if I tried. You can't back away from it buddy, it's what your Holy Books set in concrete as the unavoidable destination of mankind.

It doesn't get any more fucked up than this.

Tue, 04/21/2015 - 22:30 | 6016879 Seek_Truth
Seek_Truth's picture

Your hypocrisy is showing:

If you had your wish a benevolent virus would selectively rid the earth of those you deem "bad." But that's a good thing- right?

Christians have faith that a benevolent God will selectively rid the earth of those He deems "bad." But that's a bad thing- right?

You dishonestly claim that my hope is that all life on earth be wiped out.

But that is not at all what the Bible promises. It promises to get rid of only the wicked- and reward the righteous:

"But in keeping with his promise we are looking forward to a new heaven and a new earth, where righteousness dwells." - 2 Peter 3:13 

What is more, He promises even this:

"He will wipe every tear from their eyes, and there will be no more death or sorrow or crying or pain. All these things are gone forever." - Revelation 21:4

 

Tue, 04/21/2015 - 22:58 | 6016932 BringOnTheAsteroid
BringOnTheAsteroid's picture

"If you had your wish a benevolent virus would selectively rid the earth of those you deem "bad." But that's a good thing- right?"

This is not what I wish for at all because it's a fantasy like your god.

Let me repeat this one more time.

A fertility virus, unthinking, non selective, non discriminatory, neither benevolent or evil that simply speads like a flu or cold virus that renders some people infertile. That's it, end of story.

So my appeal is to nature to save us from ourselves. 

You seem to be obsessed with needing something out there that controls everything down here. Maybe this is the crux of your personality, the crux of your belief system. Maybe you feel simply out of control without invoking this "controlling" entity.

"You dishonestly claim that my hope is that all life on earth be wiped out."

Do you want me to start quoting your revelations?

Seems pretty unlikely that fire and brimstone will selectively rid the earth of bad people. Oh yeh, that's right, the fire and brimstone is a metaphor isn't it.

If we really broke it down I'd expect you and I and 99.9% of the rest of the world want the same thing: compassion, justice, peace, care, love, goodwill, hope, good health etc etc. Why do we want this? Simple, because the alternatives aren't very pleasant. These concepts don't need to be gifted to us by a benevolent master of the universe. They are a fundamental need to survival, especially when we live in massive tribes.

The fundamental difference between us is that I think humans and humans alone are responsible for creating this and not an invisible apparition in the sky. Whether we can pull it off I have my doubts but life will never be perfect. All these quotes you cite are laced with hope which is marvellous, but incompataible with reality.

You can't have survival without pain.

You can't have hapiness without sorrow.

You can't have love without hate.

This is life.

We have adjust our thinking to fit with reality. What theism does is adjust reality to fit with our thinking.

 

 

Tue, 04/21/2015 - 23:04 | 6016975 Seek_Truth
Seek_Truth's picture

"So my appeal is to nature to save us from ourselves. "

Thanks for the honesty. You are not an atheist- there is no such thing. Your god is Gaia, mother nature- you have said so (or at least inferred it) countless times in your post history.

The bulk of the rest of your post is you looking in the mirror.

Think about it.

A few more comments:

"These concepts don't need to be gifted to us by a benevolent master of the universe."

Yet you look to "Mother Earth" as if "she" is a rational entity, to solve these problems.

There is only one actual solution to the problems we have all identified- a benevolent God who has made Himself known by His son's life of Earth and subsequent loving sacrifice that provides for redemption from sin, and eternal life in paradise. He also provided His word, the Bible, which has been passed down intact since it was written thousands of years ago. No other book like it exists, having been God-breathed.

 

Tue, 04/21/2015 - 23:59 | 6017092 BringOnTheAsteroid
BringOnTheAsteroid's picture

"Yet you look to "Mother Earth" as if "she" is a rational entity, to solve these problems."

You are projecting your need for a controlling entity onto me. Mother nature is a non thinking system and by your definition of a god would make a worse god than the god of your old testament. I've worked with wild life for the past decade as a volunteer rescue/care giver. Mother nature is callous to the point of churning ones stomach. But that is life, I've come to grips with it although believe me, it isn't easy. We have nesting box with what was two beautiful baby lorikeets at about 8 weeks old. A Currowong reached in and snatched one from the box a week ago. Mother nature solved the problem of the hunger of the Currawong's chicks. Not in the way I'd prefer though. So no, mother nature is not my god but I accept the system works and has generated a wonderous profusion of life but with untold suffering.

I can't be any more honest than this. I do not believe anything consciously controls our destiny. I do not believe anything created the universe. I would change my view instantly if the evidence presented itself. I don't believe anything that cannot be tested and verified by scientific rigor because our minds and emotions are notoriously unreliable. At the hands of a human being science isn't even infallible so you have to take even a lot of this with a grain of salt.

I don't quite understand what it is that infatuates you with the concept of a controlling "father figure". Why do you want to be controlled? Why can't you accept life as it is and that we alone are responsible for our own destiny no matter what that brings? Just answer in your own words, not quoting scripture. What is at the heart of needing this entity? If you somehow found out that a personal god doesn't exist how would this change your life, just hypothetically?

Wed, 04/22/2015 - 01:34 | 6017225 Seek_Truth
Seek_Truth's picture

"I don't quite understand what it is that infatuates you with the concept of a controlling "father figure"."

God is our father. Yes, you included.

God is Love- perfect Love. What you deem "control" is for our own good- there is good and evil- and He is the arbiter of those- not humankind.

Mankind is in the situation they are because they rejected God- not because they embraced Him.

God sent His son to redeem mankind- but for the most part, they rejected Him, and for the most part, they continue to do so.

But as He promised, God will redeem His creation- that is what will solve the world's problems.

And that is why I love Him, and His son.

PS- I have seen proof of His existence throughout my life, as have many others. Your willingness to keep your eyes closed to the truth means only one thing- that your ego has blinded you to the truth. In addition, the Bible proves itself to be His word by (1) virtue of fulfilled prophesy, (2) it's writers from diverse ages, backgrounds, nations and tongues, who all wrote a book with a coherent, cohesive, compelling account from Genesis to Revelation, (3) it's candor, and (4)the preservation and integrity of its contents throughout history.

 

Wed, 04/22/2015 - 03:00 | 6017292 BringOnTheAsteroid
BringOnTheAsteroid's picture

"I have seen proof of His existence throughout my life".

I suspect our definition of proof is about as disparate as our views on the existence of god.

A rainbow isn't proof by the way, nor is a flower or sunset or snowflake or the writings of the bible.

"Mankind is in the situation they are because they rejected God- not because they embraced Him."

This is because god must be a man and a notoriously bad communicator. Jeez, I know men don't talk but a 2000 year haitus is ridiculous. 

"God will redeem His creation"

If god needs to redeem his creation then the creation was not perfect. Hell of a lot of hassle to go to when the opmnipotent creator could have made it perfect from the outset.

Like I've said, the great one should just show him/her/it self, physically, in the flesh and perform a miracle or two.

Then when the great one does this we won't all drop to our knees like peasants at the foot of a king, we may need to have a little discussion as to the horrendous ambiguity and incertitude of all the different gods worshipped throughout history and all the different holy books written throughout history.

Then we may just need to have a little talk about the horrendous suffering experienced by countless billions of sentient beings throughout history. Then when the great one is willing to apologise for creating a monumental cluster fuck of epic proportions and he/she/it provides proof that heaven won't be more of the same we might be onto something. 

Then we need to settle the entire Jew thing once and for all by asking the great one if they really are the chosen ones and if so point out that discrimination based on race is really not politically correct anymore.

Then and only then might we be convinced of his/her/it's authenticity.

Personally, I don't think this is too much to ask.

Wed, 04/22/2015 - 03:14 | 6017302 Seek_Truth
Seek_Truth's picture

Humankind was created perfect at the outset- and with free will- it was their choice to disobey God, following Satan, and therefore degrade into an imperfect, sinful state.

That is why redemption was necessary.

As for miracles- Jesus performed miracles- and it did not have the effect which you might predict.

Instead, those who were beneficiaries of His miracles:

- Followed Him around after He fed them with the loaves and fishes- to the point that He had to sneak away on a boat at night to get away, because they weren't interested in what He taught, but getting more free food provided miraculously. (Matthew 14; Mark 6; Luke 9; John 6).

- He cured 10 lepers, and 9 took off without even thanking Him, and there is no evidence (other than 1) that it changed their belief in Him as savior.

- More here: http://www.jesus.org/life-of-jesus/miracles/what-miracles-did-jesus-perf...

Out of all those miracles, only a few resulted in those beneficiaries putting faith in Him.

In fact, regarding miracles, toward the end of His time on Earth, Jesus had this to say regarding those who were always looking for another miracle, or sign:

"As the crowds were increasing, He began to say, "This generation is a wicked generation; it seeks for a sign, and yet no sign will be given to it but the sign of Jonah. "For just as Jonah became a sign to the Ninevites, so will the Son of Man be to this generation" - Luke 11:29-30

All the false gods, "holy books", suffering, death, etc are the result, not of God, but of mankind's free will exercised against God.

God has nothing to apologize for- rather, it is mankind that willfully disobeyed (following Satan's error) and brought the sorrows of this world to fruition.

And that brings us back to redemption.

Wed, 04/22/2015 - 06:11 | 6017385 BringOnTheAsteroid
BringOnTheAsteroid's picture

Well, we will never agree Seek_Truth and despite our sometimes heated debate I wish you well buddy and hope life is good to you.

Wed, 04/22/2015 - 21:24 | 6020522 Seek_Truth
Seek_Truth's picture

Never say never.

I wish the best for you as well.

Tue, 04/21/2015 - 22:56 | 6016950 TheReplacement
TheReplacement's picture

You seem like a real Georgia Guidestones type of person. 

Whether you have faith or not you should have the common sense to realize that nature will limit any organism to what nature can sustain.  No virus is necessary.

Also, Revelation does not predict life will be wiped out.  It predicts the end of an age and the beginning of a new better better one.

Furthermore, the destinations given are a result of individual choices.  Again, whether you have faith or not you should have the common sense to understand that choices lead to consequences.

It is kind of funny.  People like you always attack the "fire and brimstone" thing when condeming religion seemingly as if you cannot stand something that might mean accountability.  You never seem to get around to making any point about what is wrong with what religion teaches about living life which is about responsibility.  You want nature (God in religion) to fix everything you see as wrong.  Religion tells you what you should do to fix it yourself as much as you are capable.  Do tell, what would go so horribly wrong if everyone were to live by the ten commandments and the golden rule? 

I know you won't answer that.  You'll say it doesn't matter because some people won't.  Well, that is their choice (responsibility).  The results of those choices are the consequences.  Nothing could be more natural but you would deny nature and ask for some bug to make everything right for you.  Oh well.

Wed, 04/22/2015 - 00:33 | 6017143 BringOnTheAsteroid
BringOnTheAsteroid's picture

"Do tell, what would go so horribly wrong if everyone were to live by the ten commandments and the golden rule? "

Absolutely nothing, it would be marvellous. Now let's get back to reality. 

The predominant issue I have with religion is the bullshit. The arks, the talking bushes and snakes, the parting waters, the invisible grey bearded skyman listening to your mundane prayers and answering them while the person next door prays and is raped and killed. Just the never ending stream of bullshit and the narcissim that goes with it. It's had a good ride but as we become more educated and more people call religion out on it;s preposterous claims, the less relevence the current form will have.

As for the ten commandments, they make me sick. The first three are all about gods ego. The fourth about respecting the sabbath (what the hell does thast actually mean/define rest). There's four wasted commandments. But worst of all if the creator of the universe cannot command that "Thou shall not rape" and "Thou shall not torture" and "Thou shall not enslave" then come on, how gullible do you have to be before you call it for what it is, bullshit. These are commandments made by people because they are so bloody lacking.

I'm all for people banding together and making a new religion and new commandments based on reality. a charter for how we live and how we construct our laws. where it is instilled in children that we are responsible for ourselves and that there will be no virgins in heaven or angels with harps in the clouds and no everlasting life which to the truly gullible may seem more appealing than life itself.

Ruthless honesty is all I'm asking for. 

Tue, 04/21/2015 - 19:18 | 6016425 daggerhashimoto
daggerhashimoto's picture

i should wait until i get a house huh?

Tue, 04/21/2015 - 19:55 | 6016529 spinone
spinone's picture

Nah, go ahead.

Tue, 04/21/2015 - 22:59 | 6016959 TheReplacement
TheReplacement's picture

That depends.  If this does play out like the gold bugs predict and gold hits $50K then you should be fine taking out a mortgage and hedging it with an ounce per $50K of debt.  IF it turns out right you would basically pay nothing for the house.  That is a big if.  It is even underlined and italicized.

Tue, 04/21/2015 - 19:19 | 6016427 Banananomics
Banananomics's picture

At least it's not Timothy Snyder.

Well, maybe it's a ski jump neige. Yahoooooooo

Tue, 04/21/2015 - 19:20 | 6016433 seek
seek's picture

The last two weeks of news have me completely convinced we're in the short part of the countdown to implosion 2.0. Too much shit is aligning this time, too: China, Greece, business cycle, etc.

Time to stuff the matress again. Wish I had a better idea of other places to put it.

Tue, 04/21/2015 - 19:44 | 6016488 Gambit
Gambit's picture

May I suggest FAZ? 

Tue, 04/21/2015 - 20:01 | 6016534 Uber Vandal
Uber Vandal's picture

The question I keep coming back to, is those of us who even know about the downside ETFs and how to play them if one is foolish / crazy / insane enough to do so at times and simply has money to burn / incinerate / vaporize / donate to Wall Street on a daily basis, the moment this goes August 8, 1896 / July 8, 1932, will we actually be able to collect?

Tue, 04/21/2015 - 21:15 | 6016707 seek
seek's picture

Not to mention they'll be handing out do-overs like candy or just go MF Global on everyone.

Yeah, I don't have a dime in the market, and I closed my last remaining brokerage account about two years ago. I'm done playing their fucking rigged games.

I'm actually looking for more tangible ideas like gasoline storage or what have you.

Tue, 04/21/2015 - 21:03 | 6016679 OldTrooper
Tue, 04/21/2015 - 21:12 | 6016701 seek
seek's picture

I've got two safes already, and they're stuffed full of something other than cash.

In any case, I'm less than keen on storing quantities of cash that would be enough to buy a car. (And I'm more than comfortable with my PM holdings.)

Tue, 04/21/2015 - 23:00 | 6016963 TheReplacement
TheReplacement's picture

Send it to me and I'll hide it for you. 

Tue, 04/21/2015 - 19:28 | 6016446 Weaponized Innocense
Weaponized Innocense's picture

Bond yields have been acting funny lately.... Yields haven't been going down on fear. I haven't had my tapr, sbnd and PST very long .... As I had to wait for their bounce before tapr to come back down... Was figuring on a rise due to fed taper... Then for it to fail for some NIRP....in which I thought I should purchase them again along with some shorter yield purchases .... Maybe to sell on fed increase in the stuff I bought recently long bond yields.
At least for a bounce u know because if we aren't going to head towards hyper inflation perhaps a Japanese flop over.... I just wanted them as some diversity on the why buy gold play so they can't just kill me on a gold play and make it illegal. Just insurance against hyper inflation. It isn't like I have much of them at the moment. Sure I have a hundred in sbnd but that's because it's so cheap.
Yea yields usually fall when markets crash..... And who knows what the Feds will do.... I am still in the green on my bold yields play....

Tue, 04/21/2015 - 19:32 | 6016459 MollyHacker
MollyHacker's picture

I think the US is going to beat the Greeks to a parallel currency and new currency bond. When things start going bad, like "running to the one side of the ship"! It just happens so fast who could know.

Tue, 04/21/2015 - 19:50 | 6016511 Weaponized Innocense
Weaponized Innocense's picture

Endow u know if the fed is going to raise rates just to lower them to stimulate and the bonds see it as an inflationary move then the yields can rise as they did today on a market fall..... Right.....
When have I seen that? Was I just a little kid? Yea I think so... I was born in 62

Tue, 04/21/2015 - 20:01 | 6016536 jdtexas
jdtexas's picture

The power of the stock buy-back will continue as labor (slaves) is again on the short end of the stick

 

After Texas-based Schlumberger Buys Into Russian Oil Firm……It Lays Off 20k People

Tue, 04/21/2015 - 20:08 | 6016555 Glass Seagull
Glass Seagull's picture

 

 

Worst since Katrina, wait, no...worst since Lehman?

Tue, 04/21/2015 - 20:20 | 6016584 One Eyed Jack
One Eyed Jack's picture

Guess what happened the last time? I got this one did Shirley temple get syphillis?

Tue, 04/21/2015 - 21:45 | 6016780 felix2
felix2's picture

As a non pro, I track a significant indicator: the shopping channels. I knew the last meltdown had arrived when I turned on a famous shopping channel, and the hosts had frozen smiles as they pushed a blitz of big markdowns throughout the weekend with barely a demo.

Selling off very expensive non mainstream items at 30% of retail, without the usual demos. Dumping the fringe items say, a 300 buck German brand food processor, for 80 bucks

This means the normally addicted buyer has pulled back, and the company needs cash flow.

Jewelry clearances are part of the sales plan, but when cash dries up, they will ratchet the mark downs to the moon

I think they are I see the start of stealth deflation. They cant reduce the hot overpriced designer items or they ruin the brand but the 20 percent markdowns seem to be increasing. Cable is a much more reliable indicator, than Walmart

Guessing it will blow in the fall unless something changes the game.

Tue, 04/21/2015 - 23:07 | 6016987 Youri Carma
Youri Carma's picture

One would think that if Yellen was serious with her rate hike she would like to make some signal in the 10-Year yield by creating a rising trend to show, look rates are going up but that didn't happen and the FED seem more than pleased with ultra low rates and funds front-running it's treasury sales. US Generic Govt 10 Year Yield 1.90% Now http://www.bloomberg.com/quote/USGG10YR:IND

Wed, 04/22/2015 - 02:10 | 6017256 eddiebe
eddiebe's picture

Um, I thought yields were going down because of Zirp and Nirp. If central banks tell their captured banks to buy bonds at .5% interest, that may have something to do with rates. And then there is QE all over the world. Vasts amount of cash looking for 'safety' in government securities. 

I think the next crisis will be a currency crisis, because central banks will keep printing. Shit, wouldn't you?

Wed, 04/22/2015 - 10:55 | 6018054 BI2
BI2's picture

George Washington warned us about

The American Curse >>>  http://wp.me/p4OZ4v-3z

Do NOT follow this link or you will be banned from the site!