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"Did Somebody Repeal The Laws Of Mathematics?"

Tyler Durden's picture


From Grant Williams' latest Things That Make you Go Hmm.

Remember late-2010? When Spain wasn’t a problem, but merely a potential problem? I do:

(FT, November 17, 2010): For some of the world’s biggest hedge funds, typically regarded as the savviest traders in the market, there is now one big question facing the eurozone: what is going to happen to Spain?


While Europe’s politicians are grappling with the crisis unravelling in Ireland, hedge fund managers are already turning their attention to  the issue of how – and if – a peripheral crisis in Ireland could leap via Portugal and Spain to become a systemic crisis for the eurozone as a whole.


“The Irish problem will be contained,” says Guillaume Fonkenell, chief investment officer at Pharo, one of Europe’s biggest and most successful macro funds, which specialises in trading on macroeconomic events and trends. “For us contagion is the issue ... If the market loses confidence in Spain, then all bets are off. Spain is too big to bail.”...

Back then, the general opinion was that if the contagion spread to Spain the game was over because there wasn’t enough money with which to bail out an economy the size of The Kingdom of Spain. I’m not sure exactly what happened— maybe I wasn’t paying attention—but suddenly, almost two years on and in an environment where even the rich nations of Europe are seeing an undeniable slide towards recession, there is no talk about Spain being ‘too-big-to-bail’ anymore.

Did somebody repeal the laws of mathematics?

Presumably, if the contagion reaches Italy that would be OK too now, I guess.

As it first hit the headlines as a potential problem, Spain made a presentation to potential investors that highlighted how strong the country actually was despite the conjecture amongst market participants. The presentation is highly educational and can be found in full HERE, but as a taster, here’s one particular slide that caught my eye:

Oh, to hell with it... here’s another:

Some opportunity.

* * *

Full letter:



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Sun, 08/05/2012 - 14:42 | 2679850 Joebloinvestor
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The deniers won't admit failure even when Germany needs a bailout.

I figure it is "game over" when France does, but don't expect the French to call it a "bailout".


Sun, 08/05/2012 - 14:47 | 2679865 New_Meat
New_Meat's picture

You're right of course, they will call it "le renflouer."

Sun, 08/05/2012 - 15:04 | 2679898 MillionDollarBonus_
MillionDollarBonus_'s picture

This article fails to recognize the many green shoots in the global economy. The worst of the Eurozone crisis is now behind us, and Europeans can now look forward to a brighter future, with increased job oportunities and exciting new business prospects. The last bank stress test report was simply superb, which bodes well for the stability of the European banking system. Right now, peripheral debt is a clear buy, offering double digit yields to those who trust in the strength of the global recovery and the wisdom and courage of our international leaders. 

Sun, 08/05/2012 - 15:06 | 2679905 engineertheeconomy
engineertheeconomy's picture


Sun, 08/05/2012 - 15:49 | 2679991 engineertheeconomy
engineertheeconomy's picture

You fucking loser Government Trolls are always red downarrowing my shit... well why don't you see if you have the braincells to comprehend this

Sun, 08/05/2012 - 16:22 | 2680078 TruthInSunshine
TruthInSunshine's picture

Not just Spain, but can anyone articulate the specific mechanics and trace the particular origins of how, why and what is keeping any of the PIIGS from being DE FACTO bankrupt?

Oh, that's right. They are.


It's an incredible illusion that the fractional reserve central banks, in cooperation with each other and with the mega banks of the world, and especially the mega banks in the U.K. and the U.S., have projected, whereby the inner circle gets to mark their assets to whatever number is necessary to deem them solvent, and whereby they can borrow as much fiat at near zero interest cost with which to buy sovereign bonds and bank an automatic spread, day after day, week after week, month after month, and so on and so forth.

It's all an optical illusion of solvency that ultimately depends on the printing and electronic 'creation' of mind-boggling sums of fiat and the inevitable suffocation of any last vestiges of true capitalism.

It's creeping more closely to a closed loop, circular logic (and circular math- see banks buying sovereign bonds with fractional reserve 'conjured' fiat lent at near zero interest), statist system of banking and commerce, with each and every successive day.

There will be 3 class of persons soon:


1)  Those who work for government, or inevitably, a highly subsidized if not completely nationalized government entity, be it a bank or an automaker,

2) Those who are on the government dole, depending on the benevolence of their dear leaders for the level of their living standards and sustenance, deprived of any pursuit of any true notion of life, liberty or the pursuit of happiness,


3) Those who literally become self-sustaining, and are viewed with animosity by the state.


Lay back and enjoy the ultimate mind rape that a system of interwoven global commerce and finance built on a foundation of absolute zero and nothing of inherent value that the tricks of the illusionist fractional reserve bankers working hand-in-hand with 'sovereign nations' has wrought.


Sun, 08/05/2012 - 16:29 | 2680090 Precious
Precious's picture

More soundbites from THE DAILY SHOW with MDB.

Sun, 08/05/2012 - 17:04 | 2680154 Arnold Ziffel
Arnold Ziffel's picture

<<whereby they can borrow as much fiat at near zero interest cost with which to buy sovereign bonds and bank an automatic spread, day after day, week after week, month after month, and so on and so forth.>>


And make Multi-Million dollar bonuses while doing it.

Sun, 08/05/2012 - 17:05 | 2680157 Marco
Marco's picture

Simple, the EU/ECB's unwillingness to let them go bankrupt ... at least not with the situation as it stands (a pan European bank run with all money flowing to Germany would destroy Europe).

As long as the EU maintains a trade balance in aggregate it can print without hyperinflation ... as long as the EU can print it can keep rescuing the trade deficit nations (and Ireland, which is only so deep in debt as it is because it's government betrayed it's citizens to save the financial industry).

Sun, 08/05/2012 - 17:41 | 2680210 TuesdayBen
TuesdayBen's picture

Great post

Sun, 08/05/2012 - 21:12 | 2680573 TonyCoitus
TonyCoitus's picture

Well said!

Sun, 08/05/2012 - 21:30 | 2680616 Poor Grogman
Poor Grogman's picture

I would categorize the three types of people differently.

1. Debt slaves,

These people provide the "demand" for the fiat to pay their debts. They must make those payments therefore must do some work or produce something to earn the money they need. This class of persons includes many actual producers such as farmers and businesses as well as the usual overcommitted McMansion dweller.

2. Financial Elite,

These people have somehow connected themselves to the money apparatus, they CREATE the money that the debt slaves need to pay off their respective loans. The legal system of fiat currency means that the slaves need the elite, unless they are willing to repudiate their debts,.

3. Others,

If you have no debt and are not part of the elite you play only a tangential role in the global debt ponzi. In this case the aim is always to make you a part of group 1.

N:B People who refuse to play by the above rules are simply an annoying but insignificant subset of group 3. And the government will happily take on debt on these people's behalf anyhow, thus they can be ignored for the time being....

Sun, 08/05/2012 - 22:43 | 2680797 FreedomGuy
FreedomGuy's picture

You nailed it Truth. All currencies and balance sheets and accounting will not be tied to anything of any value in order to handle infinite debt.

We are in a no man's land of economics and finance. We are in an Alice in Wonderland dream with the central planners. Sanity is a liability. Truth is the most reviled and unwelcome guest at the Party.

The central planners will never ever admit defeat or come clean or do the right thing. Never. To do so would be admitting they are not omniscient and omnipotent gods. When Draghi says he will not let the Euro fail he is claiming to be one. Perhaps he can suspend the laws of physics, too. This could be handy at times. Then he can stop tsunamis and earthquakes.

Even when it falls they will blame the fact they did not have enough something or other...generally power and control. When it crashes they will appear to have a new answer, too. Maybe it will be the face of a new central planner but in hard times the strong man appears and claims that with power he can fix it all. People may fall for it again as they are prone to do.

Sun, 08/05/2012 - 18:36 | 2680293 Rantabulous
Rantabulous's picture

I am relatively new around these here parts, but that is deadpan sarcasm for sure, and he is being less subtle with this post than usual. The added bonus for him would be the private joke of watching people not get his humour. 

My guess is that he(?) completely agrees with you all, but just expresses it differently.

I mean clearly now is the time to take advantage of all of the great numbers that indicate recovery. This is 1993 all over again. If you wait until its too late you'll miss the boat. Certainly I am confidently betting my family's future on this nascent recovery.

Sun, 08/05/2012 - 21:50 | 2680712 Ying-Yang
Ying-Yang's picture

I dunno... MDB much like Robo and others before them are baiting the minyons. Tyler may be throwing these gems out just to see who takes the bait.

Sun, 08/05/2012 - 22:44 | 2680798 FreedomGuy
FreedomGuy's picture

I think so. I am one who occasionally uses it, too.

Sun, 08/05/2012 - 15:08 | 2679910 Frastric
Frastric's picture

Fuck you MDB, you speak like a broken anaylist or market commentator on Market Watch or frigging Fox.

Sun, 08/05/2012 - 15:34 | 2679975 cifo
cifo's picture

You must be new to the forum.

Sun, 08/05/2012 - 16:07 | 2680053 Frastric
Frastric's picture

Not really, doing some counter-trolling...

A rarity for me...

Sun, 08/05/2012 - 17:02 | 2680150 sunaJ
sunaJ's picture

There's no such thing as counter-trolling.  Counter-trolling is just falling victim to the troll.  Besides, MDB is not really a troll, he is more of a satirist, a clown if you will, whose performance should bring deep belly laughs.

Sun, 08/05/2012 - 17:19 | 2680177 engineertheeconomy
engineertheeconomy's picture


Sun, 08/05/2012 - 17:38 | 2680202 CPL
CPL's picture

The counter anti troll counter for the trolling anti counter?


unpossible.  completely unpossible.

Sun, 08/05/2012 - 17:45 | 2680218 engineertheeconomy
engineertheeconomy's picture

I tink I tought I taw a pussy tat, a pussy riot tat...

Sun, 08/05/2012 - 20:21 | 2680504 This just in
This just in's picture

I counter your troll with an even bigger, more bloated troll.  Spain is fixed, and its economic engine is about to be unleashed and will be the envy of Europe! 

Sun, 08/05/2012 - 21:55 | 2680723 Ying-Yang
Ying-Yang's picture

Countering the counter troll is confusing enough! I think he is the bizzaro troll.

Sun, 08/05/2012 - 21:58 | 2680731 TheFourthStooge-ing
TheFourthStooge-ing's picture


The counter anti troll counter for the trolling anti counter?

unpossible.  completely unpossible.

You are correct, although only for the northern hemisphere.

Sun, 08/05/2012 - 17:23 | 2680182 schatzi
schatzi's picture

Sad this even has to be explained. I caught on after reading his second post and thought myself slow.

Sun, 08/05/2012 - 15:28 | 2679956 Rubicon
Rubicon's picture


Sun, 08/05/2012 - 16:33 | 2680097 saturn
saturn's picture

The Masters are apparently trying to implement quantum economy as a deferred system to lock badly performing economies in time and substitute them with a version either from a parallel universe or by virtual one, based on keynesianically projected economy at its maximum performance, which appears to be any economy one earth day away from its complete collapse. What remains to be seen is how the parallel universe will be happy about having been shoved with a disfunctional bullshit. If there is any link among parallel universes, then careless editing our universe may start propagating some supercrap throughout the whole multiverse only to hit our occiput when we least expect it.

Sun, 08/05/2012 - 15:30 | 2679960 Peter Pan
Peter Pan's picture

Hey Million Dollar Bonus, I see you have managed to get about as many upticks as youhave downticks. I am astounded and I am sure you are too. Enjoy the moment.

Sun, 08/05/2012 - 16:33 | 2680098 Winston Churchill
Winston Churchill's picture

Thats because the UP tickers know he is not trolling at all.

If you cannot discern the dripping of his sarcasm ,then its

time for e hearing aid.

You have been had.

Sun, 08/05/2012 - 18:19 | 2680274 Peter Pan
Peter Pan's picture

Winston, you missed my point. I did not up tick him or down tick. I merely expressed surprise at the virtual equivalence of both the up and down ticks at a particular moment. I did not express a view about what he had written. Perhaps it is you that needs to read a little more carefully. No harm done though. Our exchange is not central to the problems at hand.

Sun, 08/05/2012 - 20:27 | 2680503 LvM
LvM's picture

Something doesn't stop being trolling by virtue of the troll being purposefully and obviously sarcastic. What MDB is doing is repetitive, not witty. He is actually a troll, regardless of what certain up-voters delude themselves into thinking. 

Mon, 08/06/2012 - 06:32 | 2681101 123dobryden
123dobryden's picture

Sarcasm may be appropriate or inappropriate, though this is generally a function of one's point of view.


Sarcasm,  was "usually the last refuge of modest and chaste-souled people when the privacy of their soul is coarsely and intrusively invaded."


Understanding the subtlety of this usage requires second-order interpretation of the speaker's intentions. This sophisticated understanding can be lacking in some people with certain forms of brain damage, dementia and autism, (although not always)[10] and this perception has been located by MRI in the right parahippocampal gyrus.[11][12]

Sun, 08/05/2012 - 15:47 | 2680002 PMakoi
PMakoi's picture

"... the wisdom and courage of our international leaders."  Now, I am really depressed. 

Sun, 08/05/2012 - 16:36 | 2680100 jeff montanye
jeff montanye's picture

no.  that's how you know mdb is doing self aware satire.

Sun, 08/05/2012 - 15:57 | 2680028 eftian
eftian's picture

Your stuff is always worth a chuckle but now I really enjoy the reactions it gets...

Sun, 08/05/2012 - 16:13 | 2680065 4 wheel drift
4 wheel drift's picture

what crok of shit.....


you must be


a). - an ekonomist

b). a government shill

c). a bureaucrat

d). all of  [ what ills society and human kind] of the above....



Sun, 08/05/2012 - 16:34 | 2680099 NeedleDickTheBu...
NeedleDickTheBugFucker's picture

2007:  "The problems in the subprime markets seem likely to be contained."

2012:  "The worst of the Eurozone crisis is now behind us, and Europeans can now look forward to a brighter future..."

Sun, 08/05/2012 - 18:48 | 2680313 TeMpTeK
TeMpTeK's picture

said Herman Van Rompuy

Sun, 08/05/2012 - 21:09 | 2680567 BeetleBailey
BeetleBailey's picture

LOL...How's that fucking FACEBOOK stock, you douchebag?

What a fucking MORON...only a complete post lobotomy Gump like you could pen a piece of shit like you did.

Green shoots.....LOL...what a cunt.

Mon, 08/06/2012 - 00:33 | 2680907 MeelionDollerBogus
MeelionDollerBogus's picture

You forgot to ask what SHADE of green

Mon, 08/06/2012 - 00:31 | 2680902 MeelionDollerBogus
MeelionDollerBogus's picture

"offering double digit yields to those who trust in the strength of the global recovery"

-1 vote

Think about it.

You could have written "offering rates better than even a 'free market' could offer, so good even Libertarians would blush in embarassment for passing up"

So close... yet so far.

Mon, 08/06/2012 - 09:27 | 2681390 sadmamapatriot
sadmamapatriot's picture

That's sarcasm, right? The upvotes are for your wit, right?


Sun, 08/05/2012 - 15:53 | 2680019 bank guy in Brussels
bank guy in Brussels's picture

Fresh from the UK Telegraph's brilliant Ambrose Evans-Pritchard ...

100% spot-on on the euro crisis ... his recent articles really deserve a prominent lead-in on ZeroHedge for the sake of all ZH readers ... his perspective quite a shade different from Tyler's, though ...

'Venetian cunning of Draghi-Monti masterplan may save euro for now'

« ... Mr Draghi has secured a mandate for "unlimited open-market operations", a far cry from the half-hearted and self-defeating bond purchases of the last two years. The ECB at last has a licence to act with overwhelming force, like the US Federal Reserve. ...

The ECB is preparing to act as a genuine lender-of-last-resort for the first time, once the EFSF trigger is activated. It may soon start to reverse the frightening monetary contraction that has bedevilled southern Europe for the last year. »

Sun, 08/05/2012 - 16:32 | 2680096 taraxias
taraxias's picture

AEP has been wrong for twenty years now. I doubt he's got it all figured out now.

How the fuck Draghi "secured a mandate for unlimited market operations" is beyond me, and evidently only in AEP's mind.

Open market operations or not, the structural issues remain. Greece and Spain (and soon Italy) are a powder keg looking for a short fuse. End of summer sounds about right to me.

Sun, 08/05/2012 - 16:48 | 2680127 FeralSerf
FeralSerf's picture

At some point the ECB will have to print big time just to keep up with the Fed.  The EU and the U.S. are competitors and wages and other costs can't continue to increase increase indefinitely in the EU while the opposite happens in North America and still keep the EU proles on their jobs.

Europe can also, and I expect must, stop further support of NATO.  They can't afford it and it's not doing them any good.  Greece is an especially apt example.

Sun, 08/05/2012 - 18:19 | 2680273 engineertheeconomy
engineertheeconomy's picture

Hey Trolls! I'm over here now! Quick, click on the down arrows!

Sun, 08/05/2012 - 16:52 | 2680138 AnAnonymous
AnAnonymous's picture

AEP has been wrong for twenty years now. I doubt he's got it all figured out now.


What he figured out a long time ago, is that in US citizen nations, being wrong can earn you a fat paycheck.

Sun, 08/05/2012 - 17:20 | 2680176 Mad Cow
Mad Cow's picture

You must be rolling in it.

Sun, 08/05/2012 - 17:43 | 2680214 EvlTheCat
EvlTheCat's picture

He certainly is rolling in something, but it isn't green.  Diarrhea, even the verbal type, is brown.

Sun, 08/05/2012 - 21:11 | 2680571 BeetleBailey
BeetleBailey's picture

What most figued out on here a long time ago is that you are a complete dickwiipe.

Sun, 08/05/2012 - 16:52 | 2680139 engineertheeconomy
engineertheeconomy's picture

Normally I would spout out something random about hyperinflation due to this manic printing episode, but think about it, there does not need to be any inflation at all in a thug patrolled fenced in "prison labor death camp economy"

Sun, 08/05/2012 - 17:07 | 2680160 illyia
illyia's picture

I hear.... crickets? No one knows... what to say....

Sun, 08/05/2012 - 17:26 | 2680188 schatzi
schatzi's picture

If the German constitutional court says no, it's fucking no, no matter what Draghi or Monti are bleating. Luckily the court is very independent and hopefully they will recognise the imminent danger Germany is in.

Sun, 08/05/2012 - 17:36 | 2680199 Popo
Popo's picture

In a world of trillion dollar derivative losses should the Eurozone implode -- how hard is it to buy a judge for 100 million dollars. Think it's not part of the plan? You'd have to be crazy to ignore the stakes.

Buying judges is an old game. To believe for a nanosecond that judges are immune to temptations and threats is to rewrite history.

Sun, 08/05/2012 - 22:48 | 2680806 FreedomGuy
FreedomGuy's picture

Hurray!!! We are all saved by Superman who lifts the economy on his shoulders! Look at those economic muscles! Or is that a rubber padded suit?

Sun, 08/05/2012 - 16:25 | 2680075 franzpick
franzpick's picture

Caution:  Go around any additional mdb Junk in the road.

Sun, 08/05/2012 - 15:29 | 2679958 Eireann go Brach
Eireann go Brach's picture

Who needs math say the kids in America, when you have Snooki, dancing with the Khardashian Kunts, and some black celebrity as president!

Sun, 08/05/2012 - 14:43 | 2679854 LULZBank
LULZBank's picture

Mathematics? Laws?

Sun, 08/05/2012 - 14:58 | 2679891 engineertheeconomy
engineertheeconomy's picture

Is it in my right hand or in my left hand? (behind my back) I would neeeeeveeer lie to yooouu...

Sun, 08/05/2012 - 15:19 | 2679933 NewThor
NewThor's picture

Math is the quickest way to limit the imagination.


Sun, 08/05/2012 - 15:46 | 2679999 engineertheeconomy
engineertheeconomy's picture

Math is the quickest way to demonstrate to a 3 yr old child that without a shadow of a doubt, the entire government is a scam and that they're all criminals, from Bernanke at the top to the local cop at the donut shop

Sun, 08/05/2012 - 16:08 | 2680058 saturn
saturn's picture


Sun, 08/05/2012 - 16:56 | 2680142 engineertheeconomy
engineertheeconomy's picture

Math for 3 yr olds, so they don't grow up to be government thugs

Sun, 08/05/2012 - 15:12 | 2679918 Dan The Man
Dan The Man's picture

I think they should devalue the foot.  With a proportional devaluation of the inch.  If they bring it down 50% the Sears Tower would be the largest freestanding structure again.  Simple no?

Sun, 08/05/2012 - 15:43 | 2679996 CrimsonAvenger
CrimsonAvenger's picture

And I would finally be well-endowed. You've got my vote.

Sun, 08/05/2012 - 17:09 | 2680161 illyia
illyia's picture

Exactly! A perfect comparison.

Sun, 08/05/2012 - 18:02 | 2680239 falak pema
falak pema's picture

there is a guy on this thread who says any logic that distorts economic certitude is an invention of govt trolls; i'm sorry you would do not qualify by his troll meter. You are definitely not well endowed by his troll tabulation!

Sun, 08/05/2012 - 18:09 | 2680257 engineertheeconomy
engineertheeconomy's picture


A 3 yr old can explain "economic certitude"

You Fucking Loser

Mon, 08/06/2012 - 06:17 | 2681098 falak pema
falak pema's picture

can u ? I guess youre not yet 3 years old; brain dead! 

Sun, 08/05/2012 - 15:32 | 2679967 tmosley
tmosley's picture

Mathematics has a well known libertarian bias.

Sun, 08/05/2012 - 15:56 | 2680027 bank guy in Brussels
bank guy in Brussels's picture

Curious note recently from Casey Research about why so many libertarians, despite all their love for the free market,  tend to be broke:

« In my direct experience many individuals who paint themselves as libertarians have trouble coming up with the proverbial two nickels to rub together. Doug Casey and I have discussed this ... and I don't think either of us has a good answer. ... I would hypothesize that it has to do with a latent inability to work as part of a team, something libertarians tend not to be very good at but which is often required to launch a successful career. ... look no further than the reality that the Libertarian party has never been able to mount an effective national political campaign. »

'Paying Lip Service to Liberty'

Sun, 08/05/2012 - 23:04 | 2680173's picture


. I would hypothesize that it has to do with a latent inability to work as part of a team, something libertarians tend not to be very good at but which is often required to launch a successful career.


Libertarians believe that working with others on a voluntary basis is ethical and ultimately more productive than working in a system based on compulsion. That is team playing. Those who prefer a compulsory system based on the application of violence are the ones who are not able to play on a team. The overseer who whips the field hands is not displaying good sportsmanship no matter how much some would like to justify such a system.

Sun, 08/05/2012 - 17:58 | 2680236 tmosley
tmosley's picture

Of course.  That is because libertarians are generally loth to steal, and prefer to simply withhold participation from the corrupt system.  They don't even want to play nice with regulations.  Those who are willing to take advantage of an evils system tend to not be libertarians.

Sun, 08/05/2012 - 16:59 | 2680148 engineertheeconomy
engineertheeconomy's picture

Mathematics has a well known bias for simply telling the TRUTH

fixed it for u

Sun, 08/05/2012 - 15:53 | 2680020 Haager
Haager's picture

I assume some mathemagics here...

Sun, 08/05/2012 - 14:46 | 2679856 bigdumbnugly
bigdumbnugly's picture

mathematix is now also a living, breathing discipline to be jiggered like everything else is i guess.   

therefore it can be ass raped just the same as the rest of us.

Sun, 08/05/2012 - 14:48 | 2679866 New_Meat
New_Meat's picture

mathematics is an evolving paradigm.

Sun, 08/05/2012 - 15:02 | 2679895 engineertheeconomy
engineertheeconomy's picture

Math Secrets they don't want you to know...


Sun, 08/05/2012 - 15:47 | 2679984 New_Meat
New_Meat's picture

muttering "bastards, they're suppressing the 100 mpg quadratic equation solver."

Sun, 08/05/2012 - 21:37 | 2680654 engineertheeconomy
engineertheeconomy's picture


Sun, 08/05/2012 - 15:31 | 2679964 duo
duo's picture

math is what is used to make economics appear to be a science.

Sun, 08/05/2012 - 15:37 | 2679981 engineertheeconomy
engineertheeconomy's picture


Sun, 08/05/2012 - 15:48 | 2680004 New_Meat
New_Meat's picture

I was amused during the '08 meltdown, when one of the Boomberg guys said: "Folks, that's an eleven standard-deviation move."

Sun, 08/05/2012 - 16:50 | 2680133 duo
duo's picture

yup.  The normal distribution can be used to describe all probablility densities, until it can't.

Sun, 08/05/2012 - 16:31 | 2680095 monad
monad's picture

Sadly Nigel Farage is the comic relief for this new Norman conquest. Just this time the banksters don't speak medieval French.

Sun, 08/05/2012 - 14:50 | 2679871 SwingForce
SwingForce's picture

not Mark Grant, its Grant Williams who be the author.  need some Out of the Box....

Sun, 08/05/2012 - 14:51 | 2679874 TahoeBilly2012
TahoeBilly2012's picture

Come on, this is a Cartel Takedown, planned for years I am sure. Nothing but a control mechanism prior to all out war. Gotta have everyone "integrated" and in "hunker down" mode before their are asked to give there all to NWO.

Sun, 08/05/2012 - 17:15 | 2680170 BlackholeDivestment
BlackholeDivestment's picture

...I agree Billy, but go a little deeper.

From my personal analysis, this is all ''mapped out''. The ''Laws of Mathematics'' have been overcome by the ''Lawlessness of the Black Hole'' and the Powers and principlaities of the SIN TAX ERROR in the air. LMAO, it's a ''New World Order'' ...and it's the flaming alter dark pool of destruction and death. 

I have heard people attempt to claim a controlled ''irony'', and that same spirit of disbelief describe the so called ''Elite/Illuminati'' effort, the power brokers throughout history, defined by the use of forging religious text timed with the stars images and meaning, which defines the ''knowledge'' of the elite city ''builder's'' power and influence over the people that are ignorant of their so called ''secret'' knowledge. This claim defines the darkness and the control and influence over the people tempted into accepting the Elite's claim of dominion, created and established by the Elite, in order to do everything from raise armies to capture the labor of man for the purpose of minning the Earth etc... according to the Elite's own will and desire, which is based of the notion that a host, or a new world order of self sustaining flesh can be (re)established or acheived through (and by<--fallen angel or god(s) offer) man and that image will speak and be worshipped like the same eternal gods of old which provide the ''math knowledge'' for the temporal ''system'' which bares the final fruit from the ''wages'' that laid the foundation. Like Ray Kurzweil's vision combined with the ages of the Elite's, gods of old, revelation coming to pass again, as the fractal of singularity is defining. The many symbolic images which have been used to map out and measure everything, from Pyramids designed in the image of Orion as the center of the God Fractal and the gate of Sirius in the pyramid passage window, defining it's so called god that came to Earth, to the Temple Mount in Israel marking time with longitude and latitude etc...  

If anyone spent a little time looking at the prophetic description of; the mark of the beast and the prophetic image of Babylon, having become all the nations and Israel, as defined by the drunk market whore with the BTFD Cup of Fornication filled with the short term spirit of the strong delusion, and bitterness of labor risen in the image of the rider on the Black Horse holding the scale defining the ''math'' declaring the time at hand, ...well the ''irony'' just looks like an offer of disbelief because that is precisely what it is. The deception of disbelief has given rise to Krugman's Alien, which is just the revelation of knowledge risen to the fullness of indistinction and the sustained/sustaing host(s) collective consciousness. Eternal angels, be they fallen or not, the distinction between an Alien etc... is a mute point of order, certainly for persons in contempt of the revelation of the sustaining mercy of our Father in Christ. The principle math of the offer of mercy is above disagreement and indistinction. The Truth is not a choice and does not change.

The fact that people can clearly see the slaughter and lies throughout history, and the market math upon this generation, which has witnessed the rise of Israel and Jerusalem restored, kills disbelief completely and destroys the man made control Elite offer. Those that ''know'' this are the one's that would defend life in the name of our Father in Christ and as a result become the enemy of the Elite. We have been killed throughout history because the deception has been so great and powerful the people would rather defend the will of the so called Elite knowledge and their gods work, defiing the offer ''you shall not surely die'' if you accept the fruit of the wages of sin and slaughter and the ''Nobel Prize'' of social singularity which is without The Truth and Light of Life defining the love and meaning of individual distinction. LMAO. 

The current market math well reflects the suicide vampire squid mirror image for the future. 

                 ...ah haa haa haa haaaaa, zero interest, to a false peace founded upon a market black hole which leads to the Great Tribulation. Pathetic, 2+2=5, now that's the physics of Hell on Earth. Who is going to ''Vote 2 Party and dial 666-ADD-Debt''? Ok, just line them up against the zero target interest and hand them their victory suicide gun.

Sun, 08/05/2012 - 14:52 | 2679875 ebworthen
ebworthen's picture

So internal demand in Spain will be stoked by 30% unemployment?

-0.5% + -1.1% = +1.6%?

Sun, 08/05/2012 - 14:54 | 2679876 Peter Pan
Peter Pan's picture

The tragedy is that the Europeans think that cheaper interest rates will magcally make them solvent and sustainable. They are nothing more than epileptics leaning on the zero button of a very big calculator. It's more zeroes they want now and it's only zeroes they will be left with in the end.

Sun, 08/05/2012 - 15:31 | 2679893 Sudden Debt
Sudden Debt's picture

a full recovery in 2013.... yeah... I remember those days when they said that. now It's moved to 2015 and 2020...

On a long enough timeline, every date and promise passes by....

Sun, 08/05/2012 - 15:01 | 2679897 q99x2
q99x2's picture

No one repealed the laws of Math. They legalized fraud instead.

I'm getting my series 7 license and getting work under the Jobs bill.

This student loan thing is taking too long and I can't seem to get enough money out of them.

Sun, 08/05/2012 - 15:06 | 2679904 francis_sawyer
Sun, 08/05/2012 - 16:07 | 2680057 bank guy in Brussels
bank guy in Brussels's picture

Mistress maths - French men have an ancient tradition of having both wives and mistresses

For choosing a girlfriend, French men have long had a 'secret formula' for calculating the age of the ideal girlfriend or mistress

The man to take his own age, divide by 2 ... and then add 7

French men quite like this 'formula', feeling it gives an appealing result starting from any male age at all, from boyhood to being elderly

Apologies to the ladies among the readers, who don't like hearing about this bit of French 'culture'

Sun, 08/05/2012 - 16:43 | 2680108 francis_sawyer
francis_sawyer's picture

In an attempt to get back into the good graces with any of the ladies on this blog... I'll offer them FOR FREE, the following rebuttal...

The same 'FRENCH FORMULA' is used when measuring a man's (TRUE) dick size...

ACTUAL LENGTH... DIVIDE BY 2... ADD 7 INCHES... (results may vary)... carry on... :-)

Edit: Example found here (includes fully featured ENLARGE option/function for viewer)

Mon, 08/06/2012 - 02:37 | 2680987 Law97
Law97's picture

My buddies and I use that same formula here in the States.  We call it your "wingspan."  Had no idea it originated in France.  It does work beautifully!

Sun, 08/05/2012 - 17:10 | 2680162 Arnold Ziffel
Arnold Ziffel's picture

Math/Regression to the Mean: 101


"Regression: What does it really mean?

In probability and statistics, regression to the mean describes the tendency for things to return to normal, whatever it is that normal might be. In the case of housing, a regression to the mean would imply a return to long established price trends based on historical levels of appreciation.

Regression to the mean is something that many homeowners and homebuyers are likely to learn about in the years ahead since most things behave this way. Despite the best efforts of homebuilders and originators of mortgage credit, housing is not likely to be an exception."


Ouch. Math hurts sometimes.

Sun, 08/05/2012 - 17:48 | 2680222 PlausibleDenial
PlausibleDenial's picture

But, should they teach math in school.  Here is a little look at the reality of the USA

Somebody help us....

Sun, 08/05/2012 - 15:11 | 2679915 vinu02
vinu02's picture

With 25% unemployment, spain is the hub of Euro zone problem. But stock market doesnt care and when fear should be at all time high its at 52 week low.

Still here is how one can trade volatility

Sun, 08/05/2012 - 15:11 | 2679916 Atomizer
Atomizer's picture



The IMF has already sent out a message to all collective proles. This comprehensive educational piece will jump start the global economy in no time. Snickers

July 27, 2012 Two youth discuss what constitutes a recession and why people don't welcome these episodes when economic output falls and unemployment rises


Sun, 08/05/2012 - 15:13 | 2679922 Whiner
Whiner's picture

Low interest rates are fun, they are easy. They make money fall out of the sky, except into little man's savings account and pension fund. Then comes the day Mr. Market says, "No more cocaine, Hoss, your a debts no good anymore." Thats what happens to Mr. Drippy Nose Low Interest Rate. He starts withdrawal pains. They are severe. Loses his ass-ets, his dignity and independence. Before he can rehab, the little men come and hang him from a street light.

Sun, 08/05/2012 - 15:15 | 2679926 Snakeeyes
Snakeeyes's picture

Or suspension of disbelief. Italy, Spain, Greece and Portugal are all Socialist fantasies where reality was never considered.

Sun, 08/05/2012 - 15:20 | 2679935 sessinpo
sessinpo's picture

Laws haven't been repealed, just delayed, like the business cycle.

After calling for the NYSE gap to be filled (upside move), it is time to be extremely cautious. The risk reward situation requires extreme monitoring over the next few weeks. I am essentially flat but am looking to go short with small positions in indexes, not individual stocks. Be careful. More surprises to the downside.

Sun, 08/05/2012 - 15:23 | 2679945 Poor Grogman
Poor Grogman's picture

Just automate the bailouts, the ALGO can run on the same Computer as the "gold-smacker" .

The beauty of this plan is that nobody can point the finger at anybody.

Bailouts should be there for everybody at all times, especially on weekends when real banksters may wish to be " away from their desk".


Sun, 08/05/2012 - 15:30 | 2679961 Dodgy Geezer
Dodgy Geezer's picture

Umm... the politicians are behaving perfectly reasonably for their area of expertise. They don't deal in maths, they get the little people to do that for them. What they are doing is looking to the future, and protecting their backs once the storm has broken. They are only interested in re-election, no matter what the economy is doing.

I suspect that the politicians do not expect to save the Euro intact. Their economic technicians have probably told them that it is impossible.

What they are doing is standing in front of their respective constituencies, and saying that everything will be fine so long as 'X' does something, where 'X' is someone else, preferably a foreigner. Then, when the currency collapses and their constituency has to face hardship, they will be able to say:

 "I worked hard for you, but 'X' shafted us. We would have been all right if it hadn't been for 'X'. Vote me back in and I'll really make life hard for 'X'...


Sun, 08/05/2012 - 15:35 | 2679978 PontifexMaximus
PontifexMaximus's picture

There isn't anything which is TBTF nowadays. CB's will (and are already doing) do their utmost to not let it happen. They even have in ultima ratio the government as the final helping hand. So: nothing will happen. We will in not too long distance see, that " markets" will test the ability of CB's and governments. It will be an easy game, election year and rates @ zero.

Sun, 08/05/2012 - 15:36 | 2679980 GMadScientist
GMadScientist's picture

Put on Draghi's tab.

Sun, 08/05/2012 - 15:39 | 2679986 Michelle
Michelle's picture

Nobody's forgotten the math but realize it won't matter in a few months' time with war drums beating more loudly. The events about to unfold are bigger than anything we've yet encountered and my usually optimistic self is heeding the warning signs. This time around I'm not leaving money sitting in brokerage accounts - there's too much risk now. If things don't get that ugly then great and I may miss an opportunity, but there's too much weird shit going on that points to something much more catastrophic.

Sun, 08/05/2012 - 15:42 | 2679993 Atomizer
Atomizer's picture



Translation: You best 'er start using your EBT card to generate consumer taxable income. With 44 million of you's on US government entitlement programs and U3 unemployment at 8.254%, we just don’t know how we be keep ‘in us on the governmint dole. Hell, the national debt ceiling will arrive during the election times. We can’t lose our food stamp [prasandent honduts]. 

You best start spend ‘in or we all lose the hole dole.


Sun, 08/05/2012 - 15:48 | 2680003 Wags
Wags's picture

Just more creative ways of kicking the can down the road. If that were money we all would be rich!

Sun, 08/05/2012 - 15:51 | 2680015 Haager
Haager's picture

Oh, the canary is dead and noone noticed. I just wonder who on earth nailed that bird on the rod. The same who placed CDS in a shelter deep down under the ground?

Sun, 08/05/2012 - 16:28 | 2680089 sablya
sablya's picture

Well, o'course it was nailed there! If I hadn't nailed that bird down, it would have nuzzled up to those bars, bent 'em apart with its beak, and  VOOM! Feeweeweewee!

Sun, 08/05/2012 - 16:03 | 2680042 billsykes
billsykes's picture

I think math, especially in finance is a false crutch because if you make an assumption on a false (LIBOR) or incorrect assumption about say a rate of growth- it doesn't matter how right the math part is because it is the right answer to a wrong question.

Financial juggling, excel acrobatics does not take the place of real feet on the street growth in a company or in an economy.
The problem is finance, by and large for the average person who follows all the steps, does well in school, gets work in a big established institution becomes middle mgr mid late forties and generally does well but never puts anything at risk and never puts back into the economy by doing his own thing.

Look at all the billionaires in the world, how many of the richest top 100 billionaires are bankers? none. its all steel guys and o&g guys- the majority guys that risked and made a company.







Sun, 08/05/2012 - 16:20 | 2680074 Haager
Haager's picture

The real rich are families with their roots in the banking sector. Rockefeller, Rothschild, Warburg.

Imagine: The family of Rothschild may have more than 100 trillion in total value, Rockefellers may have about 11 trillion. Oh, Gates having about 50billion does seem quite miserable against these families.

Sun, 08/05/2012 - 17:53 | 2680228 TuesdayBen
TuesdayBen's picture

Buffet is in the banking biz via M&T

Sun, 08/05/2012 - 16:07 | 2680055 slewie the pi-rat
slewie the pi-rat's picture


apparently the d00,000,000mers were:>

    • early?
    • wrong?
    • irrelevant?
  • [pick three]
Sun, 08/05/2012 - 18:14 | 2680264 slewie the pi-rat
slewie the pi-rat's picture

sheeesh!  everybody's feeling frivolous today!

i beat ya robo!

Sun, 08/05/2012 - 16:10 | 2680059 SMC
SMC's picture

MDB always makes me laugh! :-)

Sun, 08/05/2012 - 17:16 | 2680169 Pseudolus
Pseudolus's picture


ZH is getting so stale *in some* regards (CliffNotes.Highschool.Smith, SovereignBaby etc. - Wheres the spunk gone? Coopted?) - an MDB comment has become something of a welcome highlight

Anyway... do catch up everyone. The reason why the maths doesnt add up is that your using the quaint old algebras.

SFI's switched over to Surreal numbers as of 2008, since "in a surreal number x = {XL |XR} we can remove any member of XL except the largest without changing the value of x. Similarly, we can remove any member of XR except the smallest without changing the value of x". 

Non-Abelian group methods are now de rigeur, after LieBor, as well-formedness proved itself to be quite the barbarous relic




Sun, 08/05/2012 - 21:50 | 2680711 engineertheeconomy
engineertheeconomy's picture

X = X10

Makes perfect sense to Bankers

Sun, 08/05/2012 - 23:04 | 2680835 monad
monad's picture



Sun, 08/05/2012 - 22:21 | 2680764 TheFourthStooge-ing
TheFourthStooge-ing's picture

Sounds like algebraic coconutism to me.

Sun, 08/05/2012 - 16:15 | 2680068 Atomizer
Atomizer's picture

Can someone spare me enough money to convert to a SDR? I just need a loaf of bread and 16 oz of milk.


Sun, 08/05/2012 - 17:14 | 2680168 engineertheeconomy
engineertheeconomy's picture

I have an old SILVER dime I can spare, it should suffice...

Sun, 08/05/2012 - 23:42 | 2680073 TomGa
TomGa's picture

Wiley E Coyote proved that gravity doesn't matter until one actually acknowledges they've walked off the cliff (or admit they are too broke to save).

Sun, 08/05/2012 - 16:24 | 2680083 RobotTrader
RobotTrader's picture

Bottom line is that absolutely nothing has changed since 2008.  If anything, the Ponzi Pyramid Scheme and the Derivatives Colossus has gotten even bigger than before.

And anybody who bet against the PigMen's ability to put Humpty Dumpty back together again got destroyed.

This post says it all:


Sun, 08/05/2012 - 17:24 | 2680186 Atomizer
Atomizer's picture

You're absolutely right RobotTrader. The game will go on until one day, when depositors withdraw all their money from that sound fractional lending bank institute account.  The FDIC cannot cover the insurance obligations. Who do you think will win the duel? Bankers or the people?

Sun, 08/05/2012 - 17:51 | 2680226 GrinandBearit
GrinandBearit's picture

I was about to give you an obigatory red thumb, but you're actually making some sense this time.  TPTB will keep this thing going as long as they can.  


One day it will end.  It could be tomorrow, next week, next month, or next year.  No one knows for sure. 

However I am 100% certain of one thing... when it does end, it will end very VERY badly.


Sun, 08/05/2012 - 16:38 | 2680107 monad
monad's picture

“In my youth, I, too, entertained some illusions; but I soon recovered from them. The great orators who rule the assemblies by the brilliancy of their eloquence are in general men of the most mediocre political talents: they should not be opposed in their own way; for they have always more noisy words at command than you. Their eloquence should be opposed by a serious and logical argument; their strength lies in vagueness; they should be brought back to the reality of facts; practical arguments destroy them. In the council, there were men possessed of much more eloquence than I was: I always defeated them by this simple argument; two and two make four.” - Napoleon Bonaparte

Sun, 08/05/2012 - 17:06 | 2680121 falak pema
falak pema's picture

No, but finance and economics are not exact sciences; and Oligarchs can change those very rules whenever they want to. They can even pretend that debt denomintated in fiat THEY CREATED does not EXIst. After all the fiat is their creation as is the debt. 

What you create you can efface by the rule of dictat, like the drop of a royal hat; and screw the consequences for those who are not part of the power equation. Neo feudalism is what it is or its not. And the second is NOT a realistic option in THEIR books.

Sun, 08/05/2012 - 17:10 | 2680164 engineertheeconomy
engineertheeconomy's picture

Economics and finance are an exact science. Falak Pema is a goverment troll

Sun, 08/05/2012 - 17:46 | 2680216 falak pema
falak pema's picture

which government? 

you're no reference for exactitude if you say things like you do !

Sun, 08/05/2012 - 16:57 | 2680126 Tom Green Swedish
Tom Green Swedish's picture

I believe their main purpose (not sure who is in control quite entirely) to serve as the mouthpiece for manipulation by whoever or whatever is telling them what to do.  BofA made money everyday in the last quarter but 3 or something?  Maybe the same thing is going on in Europe.  Spains IBEX had a quick little 20 percent run up in a week or so from July 24 to July 30.  Nothing really changed, nothing improved but the stock market went up 20 percent in a week?  Give me a break.

Sun, 08/05/2012 - 16:50 | 2680134 luna_man
luna_man's picture



"Did Somebody Repeal The Laws Of Mathematics?"


As you know better than ALL, MY MAIN MAN, these CRIMINALS, make the laws as they go along.

NEVER to benefit the others

Sun, 08/05/2012 - 16:56 | 2680144 MedicalQuack
MedicalQuack's picture

Unfortunately simple math is not alway successful today as a methodology to proving accuracy as computer code and marketing spin it.  My old saying is that there are those who write code to work with math and queries to created "desirred" results and those that create "accurate" results.  The two should be the same, but they are not and you can't tell them apart at times.  Folks that write them know:)

Anyone who has written any amount of SQL, structured query language, will back me up that one:) Economists would do well today to work with mathematicians and vice versa, although it is not usually an issue to get the mathematicians to collaborate but more so the economists as some of what they have beleived to be fact as far as statss are being blown out of the water when you dig down and get into some P factors:)

Good book to read, Proofiness, the Dark Art of Mathematical Deception.  I have been pitching it for a couple of yeas and I don't get anything for it at all, it's good reading.

Here's another one with Professor Siefe lecturing in a video on that topic, context is everything. This is a good video he did at Google NY headquarters.

Funny the NISS, national institute of scientific sciences wrote to me a short while back and said keep making noise, so I'm doing it:)



Sun, 08/05/2012 - 18:44 | 2680305 New_Meat
New_Meat's picture

Dr. Duck:

"I have been pitching it for a couple of yeas..."

I'll order it and see if I can get you a yea, or an AMEN, or a HOSANNA!

Gotta be out there somewhere.

- Ned

Sun, 08/05/2012 - 17:07 | 2680159 engineertheeconomy
engineertheeconomy's picture

Government troll... Don't waste your time. Go here if you want the TRUTH

Sun, 08/05/2012 - 17:32 | 2680193 pan
pan's picture

Spain is not Uganda.

Sun, 08/05/2012 - 19:18 | 2680385 Tom Green Swedish
Tom Green Swedish's picture

No, its more like Zimbabwe.

Sun, 08/05/2012 - 17:33 | 2680194 sunnyside
sunnyside's picture

I wonder when the US banksters and politicians will start turning on each other?  In wars, when the end is getting near, it seems that this is inevidible.  I thought that during the Bernake's last dog and pony show three weeks ago.  He said the FED could do more but he has always left open that Congress has to do their part.  Schumer (may he rot in hell) gafawed it up and told him to "get to work".

I think that they are still playing on the same team, but when the ship starts to obviously circle the drain to the masses, the Bernake will blame Congress, all while assclowns like Schumer do nothing (cut spending or raise taxes..your pick) and are telling him "we can't do do's your fault".

Also, if GM was too big to make the necessary changes without intervention from something larger, how can we expect the gov't to make their necessary changes?  Just like I've seen a union would rather see a company fold than make cuts, so too will enough Americans.



Sun, 08/05/2012 - 17:36 | 2680195 Waterfallsparkles
Waterfallsparkles's picture

Democrats breed voters.  Every Woman that cannot remember who the Father is gets a Check from the Government every month.  She probably also gets SSI, Child Welfare payments, Section 8 housing, food stamps, Free Health Care.

With all of that why would she not vote for the Democrat in office?

Remember she just bread another 5 to 6 children that will also vote Democratic and as the apple does not fall far off the tree, they will also follow in her footsteps.  And vote Democratic.

Yet, the Democratics are running out of people to pay for all of their voters.   Hmmm.  Now what.

Oh, forgot to mention all of the illegal alliens we are supporting thru all of the Welfare programs, including free Healt Care, Housing, Food Stamps, etc.


Sun, 08/05/2012 - 19:03 | 2680345 robertocarlos
robertocarlos's picture

The shit apple does not fall far from the shit tree onto a field of shit.

Mon, 08/06/2012 - 01:12 | 2680929 MeelionDollerBogus
MeelionDollerBogus's picture

Supposedly those who can't prove citizenship CAN NOT get welfare, medicaid, medicare, hence no free housing and no food-stamps either.

Sun, 08/05/2012 - 18:01 | 2680196 Money 4 Nothing
Money 4 Nothing's picture

2+2 = 8 levered X2 so go fuch youhrself Muppet.



Sun, 08/05/2012 - 17:46 | 2680220 CPL
CPL's picture

Gimme an I !!!!

Gimme an nflation !!!!


That's how you can make printing money to bail out Spain.  The answer was always print more money.  A "rising tide" lifts all ships....especially the "print money from nowhere" interest groups.  Money will be printed with France's coming "need", could come any day now .



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