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Cue Hyperinflation In 5... 4... 3...

Tyler Durden's picture





 

This pretty much says it all:

  • BOE'S POSEN SAYS TIME FOR CENTRAL BANKS, INCLUDING BOE, TO BUY PRIVATE ASSETS
  • POSEN SAYS BUYING PRIVATE-SECTOR ASSETS WOULD HELP ECONOMY

Buy. Real. Assets. Now

 


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Mon, 06/11/2012 - 10:25 | Link to Comment Capitalist
Capitalist's picture

I knew my investment in Spiderman towels would pay off. Bill Gross eat your heart out.

Mon, 06/11/2012 - 10:30 | Link to Comment SeverinSlade
SeverinSlade's picture

I'm long Twilight Breaking Dawn Part II lunchboxes.

Mon, 06/11/2012 - 10:34 | Link to Comment Stackers
Stackers's picture

Ag. for 2014

Mon, 06/11/2012 - 10:43 | Link to Comment SelfGov
SelfGov's picture

++ whether Ag. means Silver or Agriculture.

Mon, 06/11/2012 - 10:47 | Link to Comment Colombian Gringo
Colombian Gringo's picture

To be shortly followed by the US Fed.

Mon, 06/11/2012 - 10:54 | Link to Comment slewie the pi-rat
slewie the pi-rat's picture

brownian motion being labile...

everything goes red with bearish vigah

Mon, 06/11/2012 - 12:35 | Link to Comment zaphod
zaphod's picture

Ben needs everyone (banks, treasury, pols & public) begging for QEx before he can go truly hogwild.

I'd say we are in a "wait for it, wait for it" situation.

Mon, 06/11/2012 - 13:02 | Link to Comment John Wilmot
John Wilmot's picture

...Don't fire till ya see the whites a' their pockets!

Mon, 06/11/2012 - 11:10 | Link to Comment jus_lite_reading
jus_lite_reading's picture

One word to describe this atrocity: PONZI

They are REALLY looking to start something...

...instigating global class warfare. It won't begin, progress or end well.

Mon, 06/11/2012 - 13:55 | Link to Comment blindfaith
blindfaith's picture

 

 

 

Let us not forget that the squid tenticles reached from Canada to the UK recently with the BOE appointment.

 

Why is anyone surprised???  After all they are doing God's work, without the burden of a bunch of commandments to stiffel the effort.

Mon, 06/11/2012 - 10:38 | Link to Comment MillionDollarBonus_
MillionDollarBonus_'s picture

Quit the whining - this makes perfect sense to me. Why should Bernanke buy treasuries when rates are at all time lows? It makes far more sense to monetize other assets, particularly stocks and mortgage backed securities, in order to stimulate the economy.

Mon, 06/11/2012 - 10:42 | Link to Comment Liquid Courage
Liquid Courage's picture

"in order to simulate the economy."

FIFY

Mon, 06/11/2012 - 10:49 | Link to Comment narapoiddyslexia
narapoiddyslexia's picture

MDB sometimes presents a conundrum. Should I hit the down arrow because its bullshite, or the up arrow because its good trollery? The cynicism seems over the top today, so today I gave it a plus 1.

 

Mon, 06/11/2012 - 11:00 | Link to Comment Think for yourself
Think for yourself's picture

I hit the biggest of either. With MDB, it's not red or green, it's the amplitude that counts.

Mon, 06/11/2012 - 11:11 | Link to Comment Byte Me
Byte Me's picture

MOMO voting?

I'm liking it. And why not -- every other social metric varies from suspect to outright fucked.

I gave Bonearse a redddie...

Mon, 06/11/2012 - 12:12 | Link to Comment hedgeless_horseman
hedgeless_horseman's picture

 

 

MOMO voting?

Everybody is doing it.

Mon, 06/11/2012 - 14:05 | Link to Comment mick_richfield
mick_richfield's picture

Seriously? 

Then so will I.

I don't want to be nobody !

Mon, 06/11/2012 - 12:15 | Link to Comment Bananamerican
Bananamerican's picture

don't give "Bonearse" a reddie....

give him some love.

ZH has Banzai, Limerick, star posters.....and MDB

Jes' get out the way & let the genneman DO his THANG.

MDB delivers his satire with the same insouciant elan of its comfortably clueless originators in academia, the MSM and "think tanks" (are those places where thought goes to drown?)...

He lays out the "official voice" of our times, suggesting "cake" for the masses menu...

Mon, 06/11/2012 - 11:13 | Link to Comment Leopold B. Scotch
Leopold B. Scotch's picture

Price discovery is so 1900s.

Mon, 06/11/2012 - 12:21 | Link to Comment Liquid Courage
Liquid Courage's picture

Hey, I'm liking my amplitude on this one. MDB may be the best straight man since Bud Abbott.

Mon, 06/11/2012 - 13:49 | Link to Comment Jack Sheet
Jack Sheet's picture

MDB is a program

Mon, 06/11/2012 - 11:13 | Link to Comment jus_lite_reading
jus_lite_reading's picture

I am beginning to wonder if this is simply posturing on their part to get the retail suckers to BUY ponzi stock, but in the end the CB's do nothing... (they KNOW once they begin such a suicidal move to buy "private" assets, hyperinflation follows close behind, thus my take this is pure bluff)

Mon, 06/11/2012 - 10:44 | Link to Comment DeadFred
DeadFred's picture

They get to push a button on a computer to create money and use it to buy shares in profitable businesses, real estate and such? Sweet, where do I sign up so I can do that too?

Mon, 06/11/2012 - 11:26 | Link to Comment Zero Govt
Zero Govt's picture

Posn and Bernanke not only need to justify why central banks buying commercial assets is "good" for an economy but also detail the Exit Plan and dates and what they think will happen to the value of said assets when they sell

if the BoE and Fed are to become mortgage and stock holders the onlòy reason is the retail banks cannot sell them on, there is no market for them

Posn and Bernanke are bankers bitches, Govt pooper scoopers, what a sham/shambles

Mon, 06/11/2012 - 22:11 | Link to Comment JeffB
JeffB's picture

The Fed's already got a decent sized mortgage portfolio and has been egging lenders on to make more low down payment mortgages.

They also claim to be making money (on their "investments").

 

Mon, 06/11/2012 - 10:44 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

...cuz monetization's worked so well thus far?

Mon, 06/11/2012 - 12:25 | Link to Comment Matt
Matt's picture

If at first you don't succeed, try, try, try again.

Mon, 06/11/2012 - 10:45 | Link to Comment Hedgetard55
Hedgetard55's picture

Like trying to stimulate a corpse.

Mon, 06/11/2012 - 10:52 | Link to Comment monkeys.pick.bottoms
monkeys.pick.bottoms's picture

It's legit only if it's been dead for less than 6 hours;)

Mon, 06/11/2012 - 11:10 | Link to Comment Calmyourself
Calmyourself's picture

Move to Egypt you can screw anything if it's still warm.. Hey, maybe Ben is really an Egyptian, I will have to watch him walk..

Mon, 06/11/2012 - 14:31 | Link to Comment XitSam
XitSam's picture

Hey, it worked for Frankenstein! Well, sorta. For a little while.

Mon, 06/11/2012 - 10:45 | Link to Comment Beam Me Up Scotty
Beam Me Up Scotty's picture

Or will they use the money to short gold?

Mon, 06/11/2012 - 12:07 | Link to Comment lasvegaspersona
lasvegaspersona's picture

Scotty

REMEMBER

Gold is back by nothing, Treasuries are back by the 'full faith and credit of the USG'...bet ya forgot that didn't ya..

Mon, 06/11/2012 - 10:47 | Link to Comment Pure Evil
Pure Evil's picture

Ya, nothing like worthless paper used to purchase worthless paper.

Mon, 06/11/2012 - 10:49 | Link to Comment narnia
narnia's picture

Hasn't worked all that well for the Bank of Japan

Mon, 06/11/2012 - 10:58 | Link to Comment BeetleBailey
BeetleBailey's picture

+100 Narnia. AMEN. What trolls like MDB don't get: Japan tried that already - several times - and if the Japanese can't pull out, being as prudent and disciplined as they are.....

9 times a "stimulus" over there....and counting....?

Mon, 06/11/2012 - 11:33 | Link to Comment Zero Govt
Zero Govt's picture

exactly

all the evidence to date, both in Japan and since 2008, is that central bank stimulus DOES NOT WORK

the BoE did not see it coming and have fixed nothing since. The entire worthless bunch of tea sippers at the BoE should be SACKED ..they're a bunch of useless inept toadies

Mon, 06/11/2012 - 12:04 | Link to Comment Totentänzerlied
Totentänzerlied's picture

But Nobel laureate economist Dr. Paul Krugman says that's because the stimulus is too small! Now bow down and worship at the Keynesian alter, slave!

Mon, 06/11/2012 - 12:29 | Link to Comment Matt
Matt's picture

If brute force doesn't work, apply more. Same applies to explosives and stimulus. Just keep doing it again and again, bigger and bigger, until you succeed. 

Mon, 06/11/2012 - 10:57 | Link to Comment Dr. Richard Head
Dr. Richard Head's picture

Regardless of whether or not you are a troll, I have a question.  If purchasing other assets and liquidity injections is beneficial to economies, then why can't every person in the world role up to the discount window, get some 0% loans, deposit those funds into the bond market for a short-temr basis, pick up the interest and stimulate themselves?  I like stimulating myself.

Mon, 06/11/2012 - 11:38 | Link to Comment Zero Govt
Zero Govt's picture

because as you are well aware this "stumlating the economy" is nothing but windown dressing (lies) to cover the real game, bailing out bankrupt bankers and bankrupt politicians

Posn and Bernanke know about as much about the real economy as Daffy Duck knows about coal fired power stations

Mon, 06/11/2012 - 12:00 | Link to Comment Uchtdorf
Uchtdorf's picture

When you pull up to that discount window, the kid at the window is going to ask you if "you want fries with that?"

Mon, 06/11/2012 - 10:58 | Link to Comment Chaffinch
Chaffinch's picture

By late 1923, the Weimar Republic of Germany was issuing two-trillion Mark banknotes and postage stamps with a face value of fifty billion Mark. The highest value banknote issued by the Weimar government's Reichsbank had a face value of 100 trillion Mark (100,000,000,000,000; 100 million million).[10][11] At the height of the inflation, one US dollar was worth 4 trillion German marks. One of the firms printing these notes submitted an invoice for the work to the Reichsbank for 32,776,899,763,734,490,417.05 (3.28 × 1019, or 33 quintillion) Marks.[12]

Courtesy of Wikipedia

Mon, 06/11/2012 - 11:26 | Link to Comment epwpixieq-1
epwpixieq-1's picture

If it makes a perfect sense to you, you better check you senses. What is wrong with with a systems where ONE authority, decides what is "valuable" well EVERYTHING. This was not even possible under in the socialist east countries. They just created the price control and all of the goods disappeared.

If Bernanke, goes after the the valuable things, why not go after the food products. Buy a lot of them, and store everything. This will be the best use for the buck. I bet that after such, actually quite wise investment decision, there will be wide spread civil war.

Bernanke will go after, particular assets, "value" of which will tend to preserve the current, unsustainable, status of the corrupt and inefficient economic system. By the way, economic comes from economize ( do with least resources ), and it is totaly different from what this system has become. It is not ECONOMical it is WASTical.

Mon, 06/11/2012 - 12:11 | Link to Comment lasvegaspersona
lasvegaspersona's picture

epw...except the term 'trillion' was not in use... a million million was a millione as in the 'madness of milliones'...When Money Dies

Mon, 06/11/2012 - 12:34 | Link to Comment Matt
Matt's picture

I guess you did not get the memo. The NDAA allows the government to nationalize the farms, transport and supermarkets to ensure national security. They can control the price of food, and make sure everyone has an EBT.

The masses will be complacent (complicit?) and there will be no civil war, at least not in North America.

As for those poor countries that refuse to depeg their currencies, and lack the foresight to have food stamp programs, they will be screwed.

Mon, 06/11/2012 - 14:05 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

You are precluding a military coup and civil war between heavily armed factions.  Why?

Mon, 06/11/2012 - 17:38 | Link to Comment Matt
Matt's picture

If there is a military coup, who is the other heavily armed faction that is going to fight them?

Mon, 06/11/2012 - 12:34 | Link to Comment LoneCapitalist
LoneCapitalist's picture

Please dont feed the trolls!

Mon, 06/11/2012 - 11:25 | Link to Comment No Euros please...
No Euros please we're British's picture

@M$B. LOL! That was sarcasm? Right?

Mon, 06/11/2012 - 11:40 | Link to Comment francis_sawyer
francis_sawyer's picture

 "It makes far more sense to monetize other assets"

~~~

Might as well just cut to the chase then & get about 'monetizing' grandma's catfood...

Mon, 06/11/2012 - 11:01 | Link to Comment monkeyboy
monkeyboy's picture

Buy.Real.Assets.Now

Now if I'm reading this code correctly - B.R.A.N - I should be buying BRAN.

Buy BRAN now is this correct?

 

 

Mon, 06/11/2012 - 11:23 | Link to Comment Tinky
Tinky's picture

You must be new to cryptology. You always reverse the two middle characters of a four letter code. Therefore, you should buy a barn.

Mon, 06/11/2012 - 11:33 | Link to Comment ProtectiveFather
ProtectiveFather's picture

BoE, et al., are probably stockpiling bran because they're looking to release some massive shit soon.

Mon, 06/11/2012 - 12:02 | Link to Comment monkeyboy
monkeyboy's picture

The CB's seem to be able to shit on it's citizens on will these days. Not sure if BRAN is really needed.

Mon, 06/11/2012 - 12:13 | Link to Comment A Nanny Moose
A Nanny Moose's picture

I'll trade ya. How many can I get for my KISS lunchbox? Comes complete with 35 year old PB&J sammich. Only used once....the sammich, that is.

Mon, 06/11/2012 - 10:39 | Link to Comment stocktivity
stocktivity's picture

Who are they going to sell all this crap to that they are holding already???  Gee...that's easy...let's just buy more and that way we have even more crap to sell some day.

Mon, 06/11/2012 - 10:47 | Link to Comment flacon
flacon's picture

Paul Krugman believes aliens can save us. 

Mon, 06/11/2012 - 11:18 | Link to Comment Captain Benny
Captain Benny's picture

For those that don't know.  flacon is not joking, Paul Krugman really believes this.  Presenting evidence from the idiot himself: http://krugman.blogs.nytimes.com/2012/01/09/germans-and-aliens/

Mon, 06/11/2012 - 12:02 | Link to Comment Chump
Chump's picture

Don't know why he's mocking the idea there.  Aliens were a perfectly rational cure for what ails us in the not-too-distant past...

http://www.youtube.com/watch?v=jaED2ErdIv8

Mon, 06/11/2012 - 12:41 | Link to Comment Matt
Matt's picture

As much as it pains me to say it, he is right: it is not possible for every country to simultaneously run a positive current account. That is based on the expansionary austerity.

Personally, I am not convinced that a modestly contractionary austerity would not work, as long as the reduction in deficit spending outpaced the reduction in GDP.

Mon, 06/11/2012 - 14:38 | Link to Comment XitSam
XitSam's picture

False flag with aliens as the enemy in 5... 4... 3...

Mon, 06/11/2012 - 10:49 | Link to Comment Pure Evil
Pure Evil's picture

They'll just flush it down the toliet sometime in the near future due to the sheeples short attention span.

Go long toliet plungers.

Mon, 06/11/2012 - 14:10 | Link to Comment bloostar
bloostar's picture

I'll short the spiderman towels as every Spanish granny has one now... Too much quantative towelling at the moment. Go long the next generation silver surfer towels before the esm gets a whiff.

Mon, 06/11/2012 - 10:26 | Link to Comment ich1baN
ich1baN's picture

And by buy, they mean confiscate ?

Mon, 06/11/2012 - 10:26 | Link to Comment Red Heeler
Red Heeler's picture

And by confiscate, you mean steal?

Mon, 06/11/2012 - 10:31 | Link to Comment The Big Ching-aso
The Big Ching-aso's picture

 

 

Nothing like insolvents buying overvalued assets 2 try & sell back 2 other insolvents who don't have shit 2 begin with.

Mon, 06/11/2012 - 10:33 | Link to Comment SilverTree
SilverTree's picture

Deleverage Bitchz!

Mon, 06/11/2012 - 10:34 | Link to Comment mayhem_korner
mayhem_korner's picture

 

 

I think you're being too cynical.  I think of this as the birth of a new Ponzi.  Revelry as far as the eye can see!

Mon, 06/11/2012 - 10:50 | Link to Comment Pure Evil
Pure Evil's picture

All hail the new Ponzi.

 

HAIL!

Mon, 06/11/2012 - 11:30 | Link to Comment Stuck on Zero
Stuck on Zero's picture

Bernanke can pay the insolvents to buy back overvalued assets!  Problem solved.

Mon, 06/11/2012 - 10:44 | Link to Comment SWRichmond
SWRichmond's picture

And by confiscate, you mean steal?

Does government know how to do anything else (other than kill)?

Mon, 06/11/2012 - 10:48 | Link to Comment MachoMan
MachoMan's picture

At the very least, it has a core competency to fill any void left by an expanding pie...  and, when the pie gets eaten, to remain uneaten as long as possible.  Must be nice.

Mon, 06/11/2012 - 10:40 | Link to Comment FL_Conservative
FL_Conservative's picture

"Bank of England policymaker Adam Posen will not seek a second term at the central bank and instead plans to step down in August to head a leading U.S. economic think tank, the Bank said on Friday."

 

So another academic that couldn't find his ass with both hands.  What would the circus be without the clowns?

Mon, 06/11/2012 - 10:50 | Link to Comment FlyoverCountryS...
FlyoverCountrySchmuck's picture

Economic advisor to the Messiah Obama campaign?

Lots of openings, I hear.

Mon, 06/11/2012 - 11:58 | Link to Comment Jacks Creation
Jacks Creation's picture

 "Posen's other positions include being a member of the Council on Foreign Relations and the Trilateral Commission"

"His most cited and influential publications include the books Restoring Japan's Economic Growth (1998) and Inflation Targeting: Lessons from the International Experience (1999, co-authored with Ben Bernanke, Chairman of the Board of Governors of the Federal Reserve System in the US, et al)''

 

 

Hmmmmm.......

 

Me thinks this particular "asset" was bought a long time ago.

Mon, 06/11/2012 - 10:25 | Link to Comment Fips_OnTheSpot
Fips_OnTheSpot's picture

RAVIOLI, MAMA!! :D

Mon, 06/11/2012 - 10:27 | Link to Comment EscapeKey
EscapeKey's picture

And THAT is why we need to have a currency backed by gold, and nothing else. Fucking central planners thinking EVERY problem can be solved through bailing out their friends.

Mon, 06/11/2012 - 10:30 | Link to Comment SilverTree
SilverTree's picture

Silver would work too. :-)

Mon, 06/11/2012 - 10:39 | Link to Comment Sudden Debt
Sudden Debt's picture

Yep, 100 euro coins made out of 1 gram of silver will do!

 

Mon, 06/11/2012 - 10:45 | Link to Comment achmachat
achmachat's picture

you know... i wouldn't exactly throw 100€ per ounce coins out of bed either...

Mon, 06/11/2012 - 11:42 | Link to Comment francis_sawyer
francis_sawyer's picture

Nickles bitchez...

Mon, 06/11/2012 - 11:08 | Link to Comment ATM
ATM's picture

It wouldn't because silver is being consumed. Gold is the perfect money, almost no consumption and more rare. Why fight it?

Mon, 06/11/2012 - 12:04 | Link to Comment tmosley
tmosley's picture

Define "rare".  There is about 5x as much gold on a per weight basis in above ground stockpiles as there is silver.

Mon, 06/11/2012 - 10:39 | Link to Comment Liquid Courage
Liquid Courage's picture

But ... but ... Lord Keynes assured us these "honorable gentlemen" were above such temptations. Oh my, don't tell me the whole wobbling edifice of modern economics is based on such a patently false premise as the moral incorruptibility of society's elite intellectuals and (small "d") democrats. Looks like we may have backed the wrong Lord.

Power corrupts, and absolute power corrupts absolutely.           ~Lord Acton

Mon, 06/11/2012 - 10:45 | Link to Comment EscapeKey
EscapeKey's picture

Lord Keynes built of his theory around the Ricardian Labour theory of value, aka "a giant fallacy".

Mon, 06/11/2012 - 10:51 | Link to Comment flacon
flacon's picture

Also known as a giant fallic

Mon, 06/11/2012 - 11:06 | Link to Comment Overfed
Overfed's picture

Lord Keynes was quite fond of the phallus, up his ass or in his mouth.

Mon, 06/11/2012 - 11:26 | Link to Comment Liquid Courage
Liquid Courage's picture

I believe Hayek said: "What's correct in the General Theory is not original ... and what's original is not correct." or words to that effect.

And as for the Labor Theory of Value ... I agree it's a massive and dangerous fallacy. Labor is just one cost input in the calculation of the total cost of manufacturing any good and that total cost only tells you what your absolute break-even selling price must be. But the utility and benefits of the good determine the price on the market that people are willing to pay. In other words: Subjective Valuation.

Mon, 06/11/2012 - 10:26 | Link to Comment Rockfish
Rockfish's picture

I have plenty of crap for them to buy. Payment in pms only. 

Mon, 06/11/2012 - 10:26 | Link to Comment sudzee
sudzee's picture

Print money to buy your only unencombered asset - gold.

Mon, 06/11/2012 - 10:27 | Link to Comment tu-ne-cede-malis
tu-ne-cede-malis's picture

So...a $30,000 thingamajig?

Mon, 06/11/2012 - 10:29 | Link to Comment EscapeKey
EscapeKey's picture

Yes, and through the magic of imputation, it is WORTH $75,000 to the GDP.

Mon, 06/11/2012 - 11:44 | Link to Comment francis_sawyer
francis_sawyer's picture

 "a nickle isn't worth a dime anymore"

~ Yogi Berra

Mon, 06/11/2012 - 13:17 | Link to Comment MsCreant
MsCreant's picture

I am rehypothecating your thingamajig. I will give you a fiat loan and use your thingamajig as collateral and so will my 12 banker friends (we are a coven of 13 you know) in my circle jerk ponzi as we hand it off to one another. Squeeeze the accounting value out of that thingamajig. We will become a mighty corporation. And while you actually hold it, its notional value will go up (because everyone will demand thingamajigs as collateral), and so will our borrowing power.

Rehypothecate REAL ASSETS NOW! Vaporize them later and do a disappearing act. Magic Bitchez.

Mon, 06/11/2012 - 10:26 | Link to Comment MFL8240
MFL8240's picture

Print more junk money and buy more insolvesnt debt is the answer? Come on when is someone with a brain gonna say enough is enough?

Mon, 06/11/2012 - 10:30 | Link to Comment IAmNotMark
IAmNotMark's picture

I think a lot of people with a brain are saying enough is enough.  I'm waiting for those without souls (Obama, Romney, et al.) to say enough is enough...yea...I know...I'll be waiting a long time...

Mon, 06/11/2012 - 10:31 | Link to Comment aldante
aldante's picture

i think what you mean is when is some one who's in power, with a brain, and the courage to lose his life and anyone he cares about's life-gonna say "enough is enough"....

Mon, 06/11/2012 - 10:32 | Link to Comment EscapeKey
EscapeKey's picture

They won't.

The reason why hyperinflations traditionally keep going for as long as they do, is because the people in charge have a vested interest in keeping it going.

Mon, 06/11/2012 - 12:23 | Link to Comment Diogenes
Diogenes's picture

It's working so far isn't it?

Mon, 06/11/2012 - 10:27 | Link to Comment ciscokid
ciscokid's picture

Real assets, you mean Gold and Silver?

Mon, 06/11/2012 - 10:29 | Link to Comment yabyum
yabyum's picture

And pork and beans and beer,bandaids bullets and Bean (JIM). Keep a little small demoniation silver for the barter.

Mon, 06/11/2012 - 10:32 | Link to Comment IAmNotMark
IAmNotMark's picture

And nickels and pennies.  The metal value of all physical coins and the ratios between copper, silver, and gold will be known by anyone trading goods for coinage.  www.coinflation.com is a good place to calculate values.

Mon, 06/11/2012 - 10:53 | Link to Comment Race Car Driver
Race Car Driver's picture

However, Coinflation values are only based on current Comex market values ... which are currently suppressed and manipulated.

 

Mon, 06/11/2012 - 12:08 | Link to Comment Uchtdorf
Uchtdorf's picture

That's the world we live in, dude. If you want to claim that silver is really worth $100/t oz I will sell you my stock at that price and go buy some more at $30. Let me know.

Mon, 06/11/2012 - 10:27 | Link to Comment the 300000000th...
the 300000000th percent's picture

Stoke the fires for widespread bank runs in the Eurozone

Mon, 06/11/2012 - 10:28 | Link to Comment SilverTree
SilverTree's picture

Stoke the fires for widespread bank runs in the USA.

Mon, 06/11/2012 - 10:47 | Link to Comment canardo
canardo's picture

Hell, just stoke the fires ...

Mon, 06/11/2012 - 10:58 | Link to Comment The Devil
The Devil's picture

Did someone say fire and hell?

There is always room for more bankers and politicians.

Mon, 06/11/2012 - 12:19 | Link to Comment Uchtdorf
Uchtdorf's picture

"We didn't start the fire..." (Billy Joel)

Mon, 06/11/2012 - 13:17 | Link to Comment HellFish
HellFish's picture

I've already don'e my bank run.  Only enough money to pay bills in the credit union - the rest in cash and PMs and not in a bank.

Mon, 06/11/2012 - 13:19 | Link to Comment HellFish
HellFish's picture

edit: double tap.

Mon, 06/11/2012 - 10:28 | Link to Comment the 300000000th...
the 300000000th percent's picture

Well look here this house is nice it used to have a million dollar view, but now its a billion dollar view adjusted for inflation

Mon, 06/11/2012 - 10:28 | Link to Comment crash_davis
crash_davis's picture

and by buy they mean print up so much money to "buy" real assests that the average guy making 60 grand a year might as well be making 5 dollars a day.

Mon, 06/11/2012 - 10:30 | Link to Comment Sockeye
Sockeye's picture

We're goin' third world! Yee Haw!

Mon, 06/11/2012 - 10:29 | Link to Comment the not so migh...
the not so mighty maximiza's picture

We are going to need bigger wheelbarrels.

Mon, 06/11/2012 - 10:37 | Link to Comment Winston Churchill
Winston Churchill's picture

20 foot shipping  containers with wheels.

Mon, 06/11/2012 - 10:42 | Link to Comment SilverTree
SilverTree's picture

Hercules-hercules-herculees!

 

THE AERIAL DISSEMINATION OF LEAFLETS

http://www.psywarrior.com/K16.html

Mon, 06/11/2012 - 11:02 | Link to Comment nodhannum
nodhannum's picture

Oh the horror when clicking on that site!  Just think of all the littering...just makes me want to cry.  We need some libs to start a program like "adopt a highway" and call it adopt a psyops theatre, distribute orange bags and voila.

Mon, 06/11/2012 - 10:29 | Link to Comment tarsubil
tarsubil's picture

Why would they initiate high inflation like this? Do they know they don't have much time left?

Mon, 06/11/2012 - 10:30 | Link to Comment Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

I've got some old socks they can buy. Bullish?

Mon, 06/11/2012 - 10:42 | Link to Comment jez
jez's picture

Hold them. No counterparty risk with old socks.

As long as you didn't buy them on margin, you're sitting pretty.

Mon, 06/11/2012 - 11:04 | Link to Comment TJ00
TJ00's picture

Yes, but the washing machine might rehypothicate them and then they go poof!

Mon, 06/11/2012 - 10:30 | Link to Comment uno
uno's picture

When history is written it will be shown we entered hyper-inflation in food/necessaties in the mid-2000's, I am always amazed by the shrinkage of packages.

Mon, 06/11/2012 - 10:33 | Link to Comment tocointhephrase
tocointhephrase's picture

Its not just me then!

Mon, 06/11/2012 - 10:41 | Link to Comment Benjamin Glutton
Benjamin Glutton's picture

aluminum foil has become aluminum paper.

 

 

precious metals indeed.

Mon, 06/11/2012 - 10:58 | Link to Comment Pure Evil
Pure Evil's picture

Don't worry, all of those packages were in the pool, so shrinkage is normal.

Mon, 06/11/2012 - 10:34 | Link to Comment kridkrid
kridkrid's picture

that's what she said.

Mon, 06/11/2012 - 10:39 | Link to Comment adr
adr's picture

Like Doritos losing two ounces and going up to $4.59 a bag? WTF, all that Taco Bell licensing money should be good for a 1 lb bag for $3.

Mon, 06/11/2012 - 10:46 | Link to Comment kridkrid
kridkrid's picture

not a terribly difficult study to conduct... and i've seen it done.  I wish I could pull up the link, but some prepper somewhere published pricing on a fairly large cross-sections of life sustaining products.  It's been a fairly dramatic move.  Your doritos example is par for the course.

Mon, 06/11/2012 - 11:10 | Link to Comment Mitzibitzi
Mitzibitzi's picture

Same thing here and pack shrinkage has gotten very noticable since the beginning of 2012.

In fact me and the wife did a comparative 'shop' in ASDA (Walmart) a few weeks ago. We'd found an old till receipt in a purse she doesn't use much from 2010, so we went round the shop with a calculator and added up what the same list would cost now. 42 items, mostly food and toiletries:

May 2010 = £64.76 (nine items on 'Rollback' or 'Buy 1 get 1 free' promotions, mostly on everyday items, saving £3.97)

May 2012 = £98.46 (three items attracting a discount, on 'buy occasionally' items, saving £0.81)

We also noted that at least 7 of the food items definitely used to come in larger packets. She works in a retail store as manager and some of what they sell is surplus supermarket stock approaching it's 'Best Before' date, so it's been warehoused for a while in most cases. Case in point; Tetley Tea Bags - box made about 2.5 yrs ago had 120 in it and cost £1.08. Same size box now has 100 in it and costs £1.59. She has both in stock at her place, currently. The customers get the dear ones and our prep supplies get the cheap ones!

 

Mon, 06/11/2012 - 11:10 | Link to Comment uno
uno's picture

I bought a Katadyn Silver water filter last year at REI for close to $255, this year I saw REI had it for over $300.  I also notice organic brands are now not organic and selling for the same price.

Mon, 06/11/2012 - 14:20 | Link to Comment strayaway
strayaway's picture

Or Kraft advertising "NEW SIZE" on it's much smaller bottle of parmesan cheese.

Mon, 06/11/2012 - 10:43 | Link to Comment jez
jez's picture

My package seems to be shrinking almost daily, but I'd put it down to middle age.

Mon, 06/11/2012 - 11:03 | Link to Comment fuu
fuu's picture

Use it more often.

Mon, 06/11/2012 - 11:13 | Link to Comment uno
uno's picture

sugar daddy sites!, wonder if hyper-inflation hit them or is it a deflation item (more product to market)

Mon, 06/11/2012 - 14:31 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

<<deflation = girl on couch with scoliosis

<<inflation = girl on bed with champaggnee

Mon, 06/11/2012 - 11:12 | Link to Comment DosZap
DosZap's picture

I am always amazed by the shrinkage of packages.

 

 

And the INCREASE in the price, their may not be real high inflation in the traditional sense(over supply of currency), but everything you and I need to live has been on a tear.^^^^^^

Mon, 06/11/2012 - 11:32 | Link to Comment Mitzibitzi
Mitzibitzi's picture

Yup, the standard tactic seems to be that they reduce the contents of the packet, even if the pack size doesn't change, but keep the price the same. Then 4-6 weeks later, they put the price up by about the same percentage as they reduced the contents. Wait a while and repeat.

The really cynical ploy we've noticed is to do the above, then once sales start to fall off due to the higher price - bring out a 'limited time only' pack with 10% extra free. Which doesn't make up the loss in the amount of contents, usually, and still costs the new higher price!

 

Mon, 06/11/2012 - 10:32 | Link to Comment ArrestBobRubin
ArrestBobRubin's picture

Which "private assets" would those be? Do they mean private, worthless, toxic, bankster-cloned trash?

Well dammit I wish they'd say that :-)

Mon, 06/11/2012 - 10:43 | Link to Comment Benjamin Glutton
Benjamin Glutton's picture

responsible assets from responsible people is what Obama will say.

Mon, 06/11/2012 - 10:32 | Link to Comment Ying-Yang
Ying-Yang's picture

Hey Tyler,

If you want to feed the trolls... cite this video: The ‘American Dream’ Is a Myth: Joseph Stiglitz on ‘The Price of Inequality’

Mon, 06/11/2012 - 10:30 | Link to Comment fonzannoon
fonzannoon's picture

3....3......3.........3...............

Mon, 06/11/2012 - 10:33 | Link to Comment Stackers
Stackers's picture

John Williams of Shadow Stats says 2014 ........... I'd pay attention to what that very smart gentleman says

Mon, 06/11/2012 - 10:37 | Link to Comment ReallySparky
ReallySparky's picture

And Armstrong says it all falls apart 2015.75 here in the United States.

Mon, 06/11/2012 - 10:53 | Link to Comment kridkrid
kridkrid's picture

optimist.

Mon, 06/11/2012 - 11:00 | Link to Comment Bay of Pigs
Bay of Pigs's picture

Three years? lol...

Mon, 06/11/2012 - 10:50 | Link to Comment Mitzibitzi
Mitzibitzi's picture

There was some historian on BBC radio this morning who said much the same thing. He was, of course, rapidly cut off by the presenter. They didn't, however, stop him almost ranting for 2-3 minutes about the differences in economic morality between those who had kids during and immediately after WW-II and generally took the view that their kids should grow up in a better world than they'd had... and the economic morality of those kids themselves 20 years later!

Was quite an interesting radio segment, actually. Particularly the conjecture that the best thing Britain (and America, in the unlikely event that Germany wouldn't have won the war inside 15-18 months) could have done for Europe, from a 'peace in our time' point of view, was NOT to have gotten involved in WW-I, as beating the Germans did nothing to settle age-old animosities between the nations involved, but simply set the stage for WW-II.

Mon, 06/11/2012 - 12:06 | Link to Comment TJ00
Mon, 06/11/2012 - 10:31 | Link to Comment Sophist Economicus
Sophist Economicus's picture

Yup, and there goes Prechter's deflationary thesis....

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