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Chart Of The Day: Change In Q1 American Debt And GDP
Presented without much commentary, because little is necessary: the only ratio that matters for the US economy, the change in US public debt ($359.1 billion) and US GDP ($142.4) in the first quarter, hit 2.52x and rising.
It takes $2.52 in new debt to "buy" $1 of economic "growth"
Source: Debt to the Penny, Commerce Dept
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this is posted as Cramer is praising Krugman on CNBC. Beauty
That guy should get a Nobel Prize.
Negative Velocity of Money Champs. Such is how it ends, not with a bang but with a whimper.
The wheels of a bloated civilization grind to a halt.
Debt bubbles exploding makes me see very ugly pictures...
ori
re-membering-deepwater-horizon
Edit: I just realized KRUGman is GOLDman......Kruger, Krugerrand....see? ;-)
Just increase debt faster and GDP can grow at 4%.
A current rates we double the debt in ~7 years. That means I can have 40% more iPhones, cool!
We'll grow our way out... really!
Hello fiscal cliff...
fuck, these numbers are pretty nasty
Why do i hear Reinhart and Rogoff in my head.
I want a refund, I didn't get any of that Big Red on the left.
I love the smell of deflation in the morning..... it smell like...... poverty. Give me my Nobel dammit!!
You get the little blue on the right. The Big Red on the left goes to your children.
And the GDP has all those dubious inflation adjustments embedded. What a fucking mess.
Fred
At the rate at which iphones obsolesce, in 7 years you can probably have all the iphones made
Yes, many more iPhones, iPad atau the latest Galaxy things; 52-inch 3-D LED TV or Internet-able LED TV; new 3.0 4WD SUV... feel free to add the long list that builds the strongly pushed forward GLOBALIZATION DREAM...
"Hello?
Is there anybody in there?
Just nod if you can hear me.
Is there anyone at home?
Come on, now,
I hear you’re feeling down.
Well I can ease your pain
And get you on your feet again.
Relax.
I need some information first.
Just the basic facts
Can you show me where it hurts?
Pink Floyd – Comfortably Numb
Our civilization has adopted the worst aspects of the two most famous dystopian novels in history – Orwell’s 1984 and Huxley’s Brave New World. The question is whether the population of this country is too far gone to recover. The answer to that question will determine whether the country chooses authoritarian dictatorship or a renewal of our founding principles. Aldous Huxley understood the three pillars of Western civilization fifty years ago and that their destruction would result in a collapse of our economic system:
“Armaments, universal debt, and planned obsolescence – those are the three pillars of Western prosperity. If war, waste, and moneylenders were abolished, you’d collapse. And while you people are over-consuming the rest of the world sinks more and more deeply into chronic disaster.” [Aldous Huxley]
The three pillars sustaining the American empire edifice of never ending war, ever accumulating debt and excessive consumerism are crumbling. The growing corruption and weight of un-payable debt have weakened the very foundation of our grand experiment. The existing structure will surely collapse. My entire adult life has tracked the decline of the American empire. I had become comfortably numb. I came to my senses and began to question all the Federal government/Wall Street/Corporate Media sponsored truths about eight years ago. Many others have also awoken and begun to challenge the false storylines dictated by those in power."
quoted from the awesomely, beautifully written, Jim Quinn of The Burning Platform in Comfortably Numb
http://www.zerohedge.com/news/guest-post-comfortably-numb
A bit more about Aldous Huxley:
Foreword from
Amusing Ourselves to Death
by Neil Postman
We were keeping our eye on 1984. When the year came and the prophecy didn't, thoughtful Americans sang softly in praise of themselves. The roots of liberal democracy had held. Wherever else the terror had happened, we, at least, had not been visited by Orwellian nightmares.
But we had forgotten that alongside Orwell's dark vision, there was another - slightly older, slightly less well known, equally chilling: Aldous Huxley's Brave New World. Contrary to common belief even among the educated, Huxley and Orwell did not prophesy the same thing. Orwell warns that we will be overcome by an externally imposed oppression. But in Huxley's vision, no Big Brother is required to deprive people of their autonomy, maturity and history. As he saw it, people will come to love their oppression, to adore the technologies that undo their capacities to think.
What Orwell feared were those who would ban books. What Huxley feared was that there would be no reason to ban a book, for there would be no one who wanted to read one. Orwell feared those who would deprive us of information. Huxley feared those who would give us so much that we would be reduced to passivity and egoism. Orwell feared that the truth would be concealed from us. Huxley feared the truth would be drowned in a sea of irrelevance. Orwell feared we would become a captive culture. Huxley feared we would become a trivial culture, preoccupied with some equivalent of the feelies, the orgy porgy, and the centrifugal bumblepuppy. As Huxley remarked in Brave New World Revisited, the civil libertarians and rationalists who are ever on the alert to oppose tyranny "failed to take into account man's almost infinite appetite for distractions". In 1984, Huxley added, people are controlled by inflicting pain. In Brave New World, they are controlled by inflicting pleasure. In short, Orwell feared that what we hate will ruin us. Huxley feared that what we love will ruin us.
This book is about the possibility that Huxley, not Orwell, was right.
_______________
“Consumerism is able to captivate the individual soul in a way that fascism was never able to do.” — Pier Paolo Pasolini
Yes, more debt so more growth. I think it's been that way most of my life (born 1965).
my how young you are.
It's not getting any better sweet pea. Nixon.... I understand why he did it but sweet mother he never got the hidden story.
Any way, I do respect Ben B .. the only tool he has left is himself .. and thats one BIG TOOL.
Pity he painted himself into that corner.
The best revenge is to understand that inflation will save us all. until you understand Ying and Yang... the balance.
Ben does not, and its coming, snowflake by snowflake until it take us all out in an avalanche of debt destruction
Hey Ben don't forget Inflation ... you made a fart in a tornado.
Thank goodness I left
Quick, buy some 10 yr treasuries yielding 1.94%. The taxpayers are good for it! /not
The model of success...shrinking revenues and increasing costs! Only in Amerika!
Re "Just increase debt faster and GDP can grow at 4%"
Like China does?
just wondering...
Of topic- I just went through airport security, and for the first time in my life I long to leave this godforsaken shithole and go somewhere free. Never felt this so strongly before I had my entire body irradiated, had to remove my shoes and belt, and watched some 3 year old have to go through the scanner. A fucking 3 year old. Unbelievable.
You don't even have to go to an airport to be violated...just sit home and relax;
http://www.guardian.co.uk/commentisfree/cifamerica/2012/apr/26/how-national-security-agency-gone-rogue
Thought crime is the new blasphemy.
USA! USA! USA!
that's exactly what TSA said: "fucking three year old"
'Ya mind if I touch ya BALLS sir? I just needs ta check ya ASSHOLE...'' I 'jus needs ta check ya asshole - YouTube
Thats 'america for ya.
just sitting back and waiting for a ZH [your a big boy, yeah i'm a big boy] plug on SouthPark - 10.... 9... 8..7. 6
c'mon randy - spanky, and the gang have had it with ya spending their inheritance, and I, the 'authoritum cartman', ain't gonna take it - so, suck my balls!
to g c...
That is why some of us have changed our travelling habits drastically. If I can't drive where I want to go, there will have to be a very, very important reason before I will stand in one of those government inspired lines to get my public physical exam again...
I haven't flowm since '99.
You got me, I think my last time was when you could still bring lube in your carryon, circa 2006.
No wonder the airlines industry are crumbling!
TSA has been doing the terrific jobs in SECURING the airlines future.
Make me wondering how's the tourism business there after the presence of the monster TSA?
Terrorists.......10
Fed Bureakrats.......15
U.S. citizens..........-20
Three year olds ..... my God check them all .. remember after the terrible two's they graduate at Three to Hell on Earth. But when they become adults and remember that blue gloved demi God who touched and gave a little squeeze, they become Graduates of ....... Well let us say Home of the Brave but not really pediphile that it matter a shit.
I left before Nixon and I found a place.. a wide open land, brown and flat, wealthy and free, well free enough that you can go five days and not see a Human in a blue glove. In fact I have never seen gloves only friendly smiles
Question .. Why is it Blue or White (the gloves) Conditioning runs so deep it frightens me and allows me to understand that in the camps, why they did not overpower the few. perhaps it was the weakness of hunger. You shall know that answer.
It has become the same,,, little by little they herd you until your trapped
BINGO...
It's all about the velocity. Very well done.
The Chairman of the Facist NeoKeynesian Libertarian Party, some how to my surprise, is not pushing the banks to loan quite as strongly as in the previous 2 years. Why??
Velocity... ANY velocity of money at this point in time would be catastrophic instantaneously on a global scale. resulting in immediate, and ultra massive global hyper inflation almost overnight. This is the specific reason the FED cannot move the inflation needle past 1.5%. there is no velocity to allow this to occur, therefore monetary velocity cannot be allowed to occur, since a tiny amount would result in an immediate inflation spike to 10%, marking the day you stopped commuting and eating. The FED has done an excellent job of destroying itself, much to my pleasure, but now it seems they themselves know the end is near, (you saw that in their faces yesterday).
Additional monetization will be useless, and serve no purpose but to further drive PM's and energy prices into the stratosphere. I think they know that as well, but the politicians don't. They still believe debt is wealth, as long as that is accepted, monetization will continue until the system self consumes.
Good news:
We are there..
Uh Oh, he went full retard....
"Additional monetization will be useless, and serve no purpose but to further drive PM's and energy prices into the stratosphere. I think they know that as well, but the politicians don't. They still believe debt is wealth, as long as that is accepted, monetization will continue until the system self consumes."
Any slightest thought that the politicians are quite aware of the debt problems, but perhaps they think of REPUDIATING the debt claims one day??? A kind of reset. Zero debt, problems solved!
Oh regional Indian
dude you should play with language more, go Joyceian.
"Negative Velocity of Money Chimps"
"Such is how it ends, not with bling but with a wimple"
dude, don't bash me yet. I aint run cross nobody yet that has a clue to what the hell is going on.
DEFINITELY NOT YOU.
That chart, so simple but says so much. Great chart!
Our economy still in rough shape, with or without GDP growing. There is really no way around it
.
http://www.dailyjobcuts.com
$1 DOHllar in new shared debt for us all now brings 39 cents in GDP growth for the well-connected. Nice!!!!! Talk about a great ROI. USA!!! USA!!! USA!!!
For the first time in my life, USA!!! USA!!! USA!!!
...actually toco...
For the first time in our lives, just like Michelle, we can be proud that Michelle's husband is doing his job so well as a hand puppet here in the good ol' USA...Good ol' USA is the nonsarcastic part... I still do love this country... That's why this all saddens me so much...
$1 in real debt brings 39 cents in fake GDP growth (since inflation is adjusted down).
In real terms, we crossed over some time ago in the realm that new debt subtracts from GDP. You are correct that any positive growth is ponzi-based at this point.
http://seekingalpha.com/article/195012-debt-the-chart-of-the-century
Don't be so harsh. All they need to do is a 1 for 10 reverse split of the dollar, and the ratio looks pretty good !! Assterity my aus. The wizards of econ will make it all OK.
Cramer should get the Oscar
Creamer or Krugdude?
Tyler,
Do you have the YOY chart for debt and GDP? It would be interesting to see a moving chart on the X multiplier cost of debt to GDP growth.
Thanks.
Maybe Tyler has a better source or can confirm but the link below shows the raw data needed to come up with that number.
http://market-ticker.org/akcs-www?post=204980
The movie quote from the Matrix "your living in a dream world Neo" comes to mind.
Key take away; Convert your paper assets (and I use the word asset in this context lightly) into hard assets (i.e. things that would hurt if dropped on your head from a given height) while you still can.
A really interesting thing to see is if it works both ways; does a $2.5 cut in government spending only reduce GDP by $1? Unfortunately, we will probably not get to find out.
http://seekingalpha.com/article/195012-debt-the-chart-of-the-century
This might help. I posted it above, but thought it would be best to put it here too.
Cramer should get a Nobel prize trophy shoved straight up his ass!
just found this quote:
"I would say that her [Carmen Reinhart's] book (This time is Different) with Ken Rogoff on debt crises and financial crises is an extraordinary piece of work."--Federal Reserve Chairman Ben Bernanke, speaking before the House Budget Committee (6/9/2010)
what a sick joke
He never read it.
Hey guys...want to see some really cool anti-Real Money propoganda courtesy of Reuters...
http://www.reuters.com/video/2012/04/26/reuters-tv-will-a-gold-bar-buy-a...
enjoy this stupid ass mother fuckin moron....
Perhaps he should have used a 1 ounce Gold Eagle, with the nice Fifty Dollar face value on the coin, and a 1/10 ounce gold eagle, marked five dollars, and he could have had that case of Heineken.
Heineken guy at least understood the value of the metal.
A wholesale delivery guy would certainly get fired for selling retail. He would have to buy a case to replace the case he sold. He also mentioned he couldn't break the $52. I stopped watching, it's like trying to buy something with a share of Apple ($600).
There is no way Cramer deserves a Nobel Prize!
What is the QE to GDP ratio in Europe? Even worse, my friend.
So what if Europe is worse? The point is that the "capitalist" system is broken. But it isn't really capitalism so much as creditism. Growth for the past 40+ years has been built on debt. Not organic growth. Debt infused growth. And what happens when debt stops growing (much less starts shrinking)? Yep. Implosion of economies. USA, Europe, China. Do the math.
Of course if you said that during the last 40 years you were considered a weird fringe loonie.
Or an austrian - same thing.
Crazy indeed. Don't you all know that debt is growth in the land of credit?
The looks I get from Righties when I tell them that if we embraced austerity now we would instantly realize this depression are funny.
Nobody will admit all this talk of balanced budgets et all is nothing more than mental masturbation.
Debt needs to increase. When private debt creation stops the government has to step in or the cascade starts.
Makes me chuckle when I think of all my fancy eco professors explaining the business cycle to me.
There is no business cycle, it is all just a funcion of credit now.
Or more aptly described as milking us cows of our lifeblood by the parasitic banksters.
pods
Preach it.
dog
i usually find fringe loonies under my truck seat, good for drive thru coffees
Capitalism? WTF?
53% of British GDP consists of government spending. This has increased from 35% in 1999, when the UK ran a 3% budget surplus. Brown turned this into a 13% deficit through outrageous propping up of the state, especially in marginal Labour seat areas.
And yet, somehow it's "capitalism's" fault that we've landed in the current situation. I guess state spending just isn't enough for some, until it's reached 100%.
Capitalism has not existed for over a hundred years. Facism has only gotten stronger since the world wars. Wake the fuck up already.
The socialization of PRIVATE losses continues. Why has government spending gone up, because private companies pass the losses onto the taxpayer via their representation. My god, wake the fuck up, "the people" do not have any representation. One party, for the corporation, by the corporation.
Ah, the ol' 'ism' debate.
Good to start the day with a cup of coffee and an old friend.
Taxation without representation.
We have come full circle in the USA.
exactly, it is old fashioned corruption, greed, and destruction of the very systems of checks and balances - in government, in capitalism, shit - in nature, that is tearing us down...to ground level
He said "Capitalist System".........
BWWWWWWWWWWAAAAAAAAAAAAAAAAAAAAHHHHHHHHHHHAHAHAHAHAHAHAHAHAHAHAHAHAHAHAH!!!
It very well could be capitalist to the extent of capitalists being defined as those who are well-connected to the government cronies getting to exeprience the expanded money supply before all of the plebes.
I would agree as well. The logical outcome of capitalism (real world outcome) is capital accumulation and regulatory capture.
As capital accumulates, so does power. People do not like this, so some sort of regulation is put in place to limit the accrual of power.
Then capital buys those in charge of regulating it and use that power to enhance their power.
People inherently react negatively when someone bashes "capitalism," but the proof is in the pudding.
When people are too uncomfortable with accepting this, they will try and bargain it away as being crony capitalism, and not capitalism.
Crony capitalism is merely a more mature capitalism.
Now I would differentiate capitalism from free markets, because free markets are merely descriptive of a behavior and not a system per se.
Of course, when one entity is in charge of the most commonly accepted form of exchange, there are no free markets.
pods
Greasing the skids to get ahead. It has become an accepted part of life. Sad.
Convincing the American people that the U.S is a capitalist nation is the second largest lie that the TBTB gets away with. The biggest lie is that we are a free people.
But they're all lying NUMBers and statistics anyways, no? Otherwise there is England, Japan, Greece.... many one eyed fish in this tank.
From 2006 to 2011, India's GDP growth fell from 9.6% to 6.9% on constant price terms.
And that is when both were/are highly fudged.
ori
It's not even the GDP/Debt ratio anymore.
Negative marginal utility of fiat.
The end cometh soon.
One could only hope soon is sooner than the extend and pretend they have been able to accomplish over four years by papering over this shit hole economy. I am truly impressed they have been able to keep the facade going as long as they have. Of course, the interventions are not as effective for each dollar of debt expansion, but damn they keep the music playing beyond mathematical belief.
Really?
“the only ratio that matters for the US economy” is debt/GDP?
Perhaps it mostly matters to the financial overlords who (in the words of a once popular song) run this “company store” perpetually making the rest of us sell our souls just to be “another day older and deeper in debt”.
To others, maybe other ratios matter as much if not more:
There is the ratio of wealth and power between the top .01% and everyone else.
There is the ratio of US military spending compared to the rest of the world.
There is the ratio of the imprisoned US citizens compared to the rest of the world.
There is the ratio of the financial sector parasitism to GDP.
What is that “debt”? What is that “GDP”?
Maybe the importance of that debt/GDP ratio, like the fiat money by which it is measured, ultimately exists only in our minds, to constrain our actions, and privilege a few.
Get the priorities straight!
It is impossible to know how real the “debt problem" is without FIRST dealing with the annual trillion dollar global Pentagon,the Fed handouts to banksters, and the protections given to continue the "health care" racket.
Get the priorities straight!
BEFORE gunning for the so-called "entitlements" to the aged and infirm, ... go after the arms merchants, financial parasites, and the unholy alliance of the pharmaceutical and insurance industries.
Get the priorities straight!
Don't try "fixing" the jobs situation without dealing with the Depression caused by all the diversions, misuse and waste by out-sourced labor, militarism, 'Homeland' policing, the neo-Prohibition prison industry, and the decades-long lack of human and physical infrastructure investment.
In fact there isn't much chance of fixing anything without first dealing with the outrageous concentration of wealth and power by corrupt elite tycoons and their corporations.
(though of course if one wants to ignore the above, fix nothing and just continue the fleecing ...)
Cramer and Krugman are the same ... both completely lie in the face of reality. The reality is the debt spending will only get worse and the gdp numbers will continue to slide. But hey we got china Cramer yells.
Is Leonard the monkey still beating Cramer's stock picks...?????
Leverage, muppetz.
Or is it the heralded "multiplier effect"?
Watched "Mad Money" for the first time in 5 years yesterday.
Afetr praising PayPal for being "the future of payments" via debit cards and mobile payments ("I'm bullish on growing electronic NeoFeudalism!"), Cramer admitted on the show that he bought Brooklyn Nets season tix, and expects the team to do "well" next year.
That's all I needed to know to change channel.
Krugman = Potato with a beard
Cramer = Black Tulip bulb with a beard
What Nat King Cole might say about U.S. debt:
Unsustainable, that's what you are
Unsustainable, though near or far
Like a song of pain that clings to me
How the thought of you does things to me
Never before has something been more
Unsustainable, in every way
And forevermore, that's how you'll stay
That's why darling it's ascertainable
That something so unsustainable
Will become so confrontational too
Looks like we made it...
~ Barry Manilow
Looks like we made it to the end
=blur
WOO-HOO!
=blur
Gold go pop.
gold is about to break out of a descending resistance line going back to 9/6/11
my austrian philharmonics look extra shiny this morning
Awesome! I [unfortunately] don't have one ozt of gold, however I do have ~245lb of silver. :-)
That's why I like gold. One quarter suitcase worth is all one ever needs!
When the S/G ratio drops to less than 20 I will convert. Until then I have it buried in the back 40 with my dog bones.
Enjoy carrying that 245 lbs. of metal in your backpack as you hike the woods, post-armageddon-style. It will be good for swinging at zombies for zombie beat-downs.
If hiking through the woods post armageddon-style is your game plan, you screwed up. The advantage, (3:1), has always been to the guy holding his ground, not the guy trying to traipse through it. If holding all your PMs in gold is your game plan, likewise. Junk silver will buy bread, not 1/10 ounces of gold. And for zombie beat-downs, let me recommend any caliber that starts with a .4, (or higher). It is always best to keep zombies at least farther away than arm's length, and remember, double-tap. Have a lovely day. :-)
Right-on.
The one event on my "near-future" radar is Fukushima reactor 4. If it goes I will bug-the-fuck-out and not look back.
Fukushima Is Falling Apart: Are You Ready … For A Mass Extinction Event?
http://www.maxkeiseronfacebook.com/fukushima-is-falling-apart.html
The background radiation level around the great lakes has been holding around 0.003mR/h since February. If there are any major changes I'll speak up....
FYI that page isn't run by Max Keiser.
I will gladly sell you a loaf of bread for a 1/10th of gold.
the best thing to invest in is yourself, your health, your skills, and your neighbors.
I don't know, but I've been told, its hard to run with the weight of gold
On the other hand, I have heard it said, its just as hard with the weight of lead
One way or another, one way or another, one way or another, this darkness has got to end
The Grateful Dead
GOLD and SILVER.
Still the most underowned and undervaluled assets on the planet.
Yep, just like OIL.
Exactly.
Our entire food chain is now leveraged on a non-renewable resource.
If anyone thinks there won't be a world war over it they shouldn't eat for a week and see if they don't feel like fighting.
It takes $2.52 in new debt to increase $1 of GDP.
SO QE 2.52 TRILLION BENNY BOY!
You think that ratio is bad, it takes about $5000 of credit card spending just for me to get one feel of the kitty......
Advice: stay single.........................
I've followed that advice myself. Not by design, necessarily, but that's what 20 years of heavy drinking will do. It paid off, in an unexpected way, because now I still have all my stuff and trim can be had without too much effort. Strange world, eh?
EJECT EJECT EJECT...
PULL UP!! WHOOP WHOOP!! PULL UP!! WHOOP WHOOP!!
Secret Service members get that shit for $30 and a loss of their job.
You know what they say, "You don't pay a hooker for sex, you pay them to leave."
then how come, after all that money, our same politicians are still around
That should be the headline. Sadly, no one has any idea how screwed up we are with Bernanke in charge.
holy unsustainable batman!
All things are sustainable if you turn a blind eye.
Jus' Sayin'
But for that you need to have a blind eye, no Gene? What if you've got them both wide open?
Waking up is hard to sustain.
ori
Not if you drink enough.
And right on cue Starbucks announces theyre adding liquor...things are about to get real painful so may as well start drinking in the morning. Mochacinno with 3 shots please.
Talk about shotgun shitting.
a metaphorical blind eye leads to a literal one
No surprise. When the shit hits it's going to splatter widely. Let's hope it takes down the cartel banks once and for all.
I'm getting really sick of finding connections like these:
Costco's bank: HSBC Mexican Drug Cartels Stunning Files Link HSBC Money Laundering ...Not sayin' Costco's "dirty" but if the shoe fits....
I read a story that the only liquidity that was around in 2008 was drug money.
pods
Bullish - I'm long printers and ink
And we are just getting started. Looks like the 5th inning in a double header. What a freaking disaster we are. And AMZN is up 34 dollars on lower margins, lower profits and lower guidance. What more can one say.
I noticed that too. Is this a great country, or what?
America the beautiful.
O beautiful when toner dries,
For marginal GDP gain,
For growing debt through money supply
Savers sucked down the drain!
Amerika! Amerika!
Ben prints his currency
And drown thy good with debthood
From plebe to fucking plebe!
And if you consider that gdp gwows not only from public debt taken, the ratio is much worse.
My not even here yet grandchildren are pissed
Well............
If we could just get enough capital to flee from Europe, Benny would only have to print maybe a buck for every buck of GDP.
Need to find a way to screw up the German economy tho.
Maybe.....
This is clearly a very sustainable and viable system we have going here... needless to say its also very bullish for the stock ponzi.. and that's why certain "people" want to keep the status quo going indefinitely even if it means mass social unrest leading to collapse...
I wish there was a way for us to check back in after the "mass social unrest leading to collapse" to see who of us made it through alive. Everyone, please keep prepping.
I have been told its called ham radio, and you can get a whole setup for anywhere between 2 and 10 ounces of gold. Don't forget a generator to power it.
I'm pretty sure after the Internet goes down, any ZHers will know one another through the code phrase "Collapse, bitchez!"
its worse..
one should have excluded gov deficit spending from GDP, and then calc the ratio.
alx
it's even worse than that... one should have excluded ALL deficit spending from GDP. Which isn't to say that borrowing money is bad... but creating money out of thin air is. What we should really do is stop measuring GDP. What we really, really should do... scrap our monetary system and start over... which will happen eventually, anyway.
I'm pretty sure if they just sent checks to us all the ratio would be better. Then the money would get into the economy. With QE the money is just padding corporate wallets waiting to be flush with cash when everything has bottomed.
Damn, well obviously the problem is theyre not printing fake money fast enough!
Let's "slow jam" this ratio to the minions.
Ben's already ordered 2.52 more printers...gots to keep that ratio growin'...
Central Planning ponzi.
europe green 1+% so the US will also be 1+% green today.........
o/t if you don't think the facebook IPO will be a success...think again
everything is bullish!
Yeah isn't that some shit!! You can veiw the traitors who voted yes here : http://www.govtrack.us/congress/votes/112-2012/h192
A bunch promised they wouldn't vote and they did...
In other news... Romanian gov't collapsed this morning...
Fing scumbags, won't be long ZH is perpetually off-line. The entire system is so corrupt absolutely nothing can be believed, especially from gubmint and especially from congress or the president. All we can hope for is that when things finally crash the revolt - 300 million strong heading to the state capitals and dc, with weapons and pitchforks.
Like an army of red ants destroying everything gubmint and multi-national corporatations have created. Then we take ALL of their assets, everything they have. Politicians, CEOs, wall street dicks, lose everything and then get sentenced for treason of the highest order. Do it like reality tv where American can vote for they get executed - a number one hit worldwide.
Whatever we can do to destroy everything they have created is what has to be done, we will have to build a new global society....looking forward to it.
>>"Do it like reality tv where American can vote for they get executed - a number one hit worldwide."<<
Ever see The Running Man?
You should...
Expected result from a failure to understand exponential equations.
So how is that fractional reserve banking working out for ya?
They cant find any more suckers to bleed dry. They may be able to ramp vapor stocks, but fractional reserve lending will be getting downsized big time. Killed the Golden Goose.
When we begin to rebuild, and TPTB want to institute another fiat currency in the place of the one that just collapsed, we can not let them. Better yet, let's not let them be TPTB anymore, either. Okay?
Yep, lets start on that!
This! This is all that matters... everything else is deckchairs.
I wish there was a way we could get a protest going in front of one of the central banks where we could get a symphony to play Neare My God to Thee. This song was one of the final songs played by the band as the Titanic sank. It would be quite the sight to see that play out as a protest.
http://www.youtube.com/watch?v=r4LyoUGxVd8
The only way to prevent that is TPTB must not be allowed to be TPTB...otherwise another fiat is exactly what we will get.
At least the last time peacetime deficit spending was this out of whack, we got the Western dam system, the Golden Gate Bridge, CCC park and forestry projects that have lasted for 70+ years, WPA road building, schools, hospitals, swimming pools, post offices. What do we have to show for it now? Pointless wars and another (substandard) layer of blacktop on the Interstates?