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The Easter Egg: Italy's Latest Parabolic Curve
With the world focusing on the latest disinformation from the BLS, one would be forgiven to miss the Bank of Italy's monthly balance sheet aggregates data. A quick perusal thereof reveals that in March, Italian banks saw their ECB support surge from €195 billion to €270 billion, the highest ever, 39% more than in February, and 776% more than greater than a year earlier, and now merely the latest parabolic curve to love and hold dear. Indicatively, on the chart below we have also added Spanish bank borrowings from the ECB (still pending a March update), which in February were also at an all time high of €152 billion. So aside from this last recourse lifeline from the ECB which is now openly keeping Europe's banks afloat, "the crisis is nearly over" to quote Mario Monti.
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Ok, not even a date, just give me th damn year that this thing collapses.
You can't have a date for that . How could you expect such a thing? The governments will intervene and do anything to stop it. If you were the government, and you knew people would die if you don't intervene, you also would intervene **even if you firmly believed you were making it worse for later**.
You would do what they are doing. You would intervene. You would do anything to stop the collapse. You would rationalize it as they are . . . maybe something will happen that will fix it all. If you can just get more time, maybe something will occur that will undo the bad things . . . that are always coming but never arrive.
So yes, you will intervene and corrupt the purity of the markets because you will realize that purity is not important if people are going to die to keep it pure.
You prospective is wrong. The governments are not preventing collapse, they are creating it.
Not really, MATH is causing the collapse. Governments are just pretending that exponential functions don't exist.
pods
the collapse has been planned and carried out....the only thing we dont know is when and what will be the rug pull-out event.
Well I would say that the collapse has certainly been planned FOR, I would not say it has been planned.
Human nature made it a certainty, with us not allowing the deflationary part of the false business cycle to play out. The ones who run the place really could not care either way. They gain money and power no matter what part of the cycle we are on.
Now that the banks are fat stuffed with cash again, the deflationary portion of the cycle can take place, and the banks take possession of the real property they acquired a stake in by creating funny credit money.
Even if things truly collapse, a new bank issued currency will be implemented, starting the cycle over.
With education succeeding in its goals of wiping out knowledge of the origin of money and the duties it should fulfill, they have not a care.
The new system will be much like the old system.
Wash, rinse, repeat.
pods
Yea its all just monetizing the debt, nothing new, its the last act of all failed bankrupt empires and we're at the end of monetizing cycle right now. Anyone who thinks now we just 'coast along muddling thru for a few years pretty much okey dokey' is smoking some good shit.
“If you were the government, and you knew people would die if you don't intervene, you also would intervene”
Um.. you are a little off on that perspective..
They don’t give a rat’s ass who lives or dies.. all they care about is keeping THEIR the credit money system AFLOAT (pun intended).
They will print until some black swan kicks confidence in the system out from under them and whatever is considered real capital and assets flees their sphere of control. Then they will use the military and police state to claw back everything they can claiming it is for the “greater good”.
Why does everyone equate insanity with 'smoking good shit'?
'Good shit', when smoked/eaten/imbibed is a source of clarity.
Tokers tend to be the more enlightened types of people, at least, that is the impression that I have evolved.
Concur. It's the bad shit you don't want to smoke.
When the system has outlived its usefulness, a new and better one will be implemented.
Of course benefitting those who created it.
I do wholeheartedly agree that this one is in it's twilight.
pods
How can they do that, when they've shredded the title to it? I mean, where's the legitimacy of it?
There is no legitimacy to it, but that does not mean it won't happen. Most of the property "owners" do not have the funds to properly litigate the proceedings, otherwise they would not be in the place they are in.
The banks have made the mess so huge that property law will be re-written ex post facto because the solution would cause too much chaos.
And it is the banks who have the "lawmakers" ears, not the plebes. So they will pay a token fine, which helps government revenue in the short term.
See the deal cut with the states AGs. Even the solution for underwater "homeowners" comes out of their pockets indirectly.
Point:
"It's a big fuckin club, and you and I ain't in it!"
Carlin
Well then, no ZIRP for you!
Com'on Spain, yer letting the team down; don't let the Italians beat ya!
99 years in the making. The Federal Reserve and their masters, JP Morgan and the other banks, are both patient and focused on the end goal. The absolute destruction of the US economy. I believe they have done one hell of a job.
A dime a day will END the charade.
http://strayingfromtheflock.org/2012/04/06/a-dime-a-day-will-end-the-cha...
Everyone has the power to END the game. As far as when, I can only respond with this:
"Better a year too early, than a day too late."
your not telling my anythign I dont already know.(I tend to agree with the above, that its purposeful to bring in world government as the solution).
the question, when will it stop working? Hell I thought 2011 would be when it would implode, but honestly this thing could drag out for years and years.
We all know this is a huge clusterfuck, what does it matter to rehash the same thing over and over.
When will it end? (P.S. I am not expecting an answer, though I would love for someone to give a mathematical calculation as to when, which is what we should all be focusing on).
Maybe I don't understand your point but world government has done a good job screwing everything up so far. As for the crash...no idea between tomorrow and 2015.
As for the crash...no idea between tomorrow and 2015.
FIFY.
2030 http://news.yahoo.com/blogs/sideshow/next-great-depression-mit-researchers-predict-global-economic-190352944.html
Personally I dont see it taking that long.
2030? Meaning 2012 of course.
"Correction: This post has been edited to reflect that MIT has not updated its research from the original 1972 study."
They failed to factor in 'Moore's Law'...
way to go out on a limb
Waffen
Mark inauguration day 2013 as the start. Romney takes office and give him a two year window for the collapse of the US and martial law.
Sometime into his second term one world government starts with a nice little reset and digital currency. Fuck you gold.
The closer all the major players come to social equality, private and public healthcare balanced/similar amounts of unemplyment/similar amounts of consumption/similar welfare state bennies, the simpler OWG is to impliment.
I've read predictions of 2030 for a world economic collapse. If OWG has an established foothold before then, Romneys second term takes us into a precursor timeframe, anything after firms up the structure and control mechanisms.
Actually it looks to be a fairly harmless transition. TPTB learned from previous experiments, like the Soviet Union. Collapse and rebound with new rules and new players.
Pay close attention to India and Turkey. Turkey is a transition state between Europe and the Middle east, India will be the new america except lower wages. India has a nice ratio of young to old that won't peak until the next century.
The rest of the world is aging too damn fast and some structure needs to be in place to care for the amazing rise of the elderly.
"The rest of the world is aging too damn fast and some structure needs to be in place to care for the amazing rise of the elderly."
Obamacare death panels = Soylent Green scenario = Solution to food shortages.
Digital currency?
What happened to bitcoins?
Amt($) = Offset + B * e xit; where xi = Interest rate, t = periodic time value, B = multiplying factor, and Offset = some baseline amt of dinero
My understanding is that there are $15T in Treasuries currently outstanding but that $5T will mature three years from now. Will they be rolled over? At what interest rate? Will the Fed be forced to buy up all of them as well? That would take quite a bit of printing. So 2015 looks like it could be an interesting year from that perspective.
Maybe if bankers and politicians actually had consciences or souls, I might agree they intervene to prevent "people from dying". But from what I can see, they intervene to save their own sweet asses, and their rich buddies, from going bankrupt.
For the love of God man!! You are rationalizing like a bitch. Don't assume that no one here has any ethics or a moral compass just because you don't.
"So yes, you will intervene and corrupt the purity of the markets because you will realize that purity is not important if people are going to die to keep it pure."
lol... shutup.
Fried spaghettis!
2012.
Print, print you MTFers!!!
2013
Do you have an update on QE Twist? Total so far, and how much to go?
Just one more fix, should do the trick!
Line from a famous junkie song. Ooooo that smell! Cant you smell Bernank's funky ass central bankster SMELL?
one hell of a price for you to get your kicks...
9/21/11 FRB Release: "To support a stronger economic recovery and to help ensure that inflation, over time, is at levels consistent with the dual mandate, the Committee decided today to extend the average maturity of its holdings of securities. The Committee intends to purchase, by the end of June 2012, $400 billion of Treasury securities with remaining maturities of 6 years to 30 years and to sell an equal amount of Treasury securities with remaining maturities of 3 years or less. This program should put downward pressure on longer-term interest rates and help make broader financial conditions more accommodative. The Committee will regularly review the size and composition of its securities holdings and is prepared to adjust those holdings as appropriate."
Here is the April schedule for Operation Twist: http://www.newyorkfed.org/markets/tot_operation_schedule.html
Just need a WEE SMIDGEN more free money and then we'll surely be fixed! Come on, man, give up the free money we're goin thru severe withdrawal delerium tremens out here!
Yes, the crisis is actually almost over and will be when the full-fledged collapse of the global financial system occurs, all in due time.
Got Gold?
Tyler - I think a funnier title would have been "The Easter Egg: Italy Lays a Parabolic Curve"
How about "Italy makes a boner"
Italian banks need to borrow from ECB because people here are withdrawing money from their accounts already.
The descent spiral has begun.
paulie
lol!
are markets closed today?
I was being serious. I wasn't sure if CNBC.com wasn't showing quote updates because they were so bad or if the market was closed for Good Friday.
Free markets have been permanently closed.
Anyone notice the freefalling financials in Europe like Banco Santander and BBVA?
Monday they could be printing new lows!!!!
Bring it!!!
"the crisis is nearly over".
Does this strike anyone else as one of the dumbest, most non-sensical statements ever?
I believe it is almost over. The crisis as they know it, that is.
Sounds like something a politician would say.
Drink or die. Are the choices hemlock (republicrat) or strychnine (demican)?
It's a bottle of whiskey and a bag of popcorn while I watch both sides destroy each other. I follow the "starving the monkeys" path.
You left out Progrossive (Drano - straight from the can)
Crisis? But CNBC just this morning said 'we're in a strong economic recovery.....strongest ever in world history probly'.
Policy makers and legislators need to heed Paul Krugman's stellar advice if they want to cure what ails the economic woes:
/SARC
Not Enough Inflation
By PAUL KRUGMAN
Published: April 5, 2012
No.
That accolade goes to the guy that said : "God Himself Couldn't Sink the Titanic"
Bond futures still going up. That has to be one of the biggest Treasury rally days I've ever seen.
Monday is going to be a massacre for the bulls.
Well, I know it will not collapse this year. After all. We have "free elections" coming up in November. Lets chat around Christmas.
I think some may assume that, but we know nothing. In many ways I think theres nothing the central banksters would love more than chaos and turmoil heading into elections to get rid of their unpopular puppet Obama who cant shed a disastrous 40% approval rating....its definitely not all unicorns and rainbows out there at all. I think they want a new puppet.
How about a nice bit of chaos (financial, war or both), so the election can be suspended?
Seems plausible.
Hey, off topic. You guys notice that Robot Trader has not reported in for a long while. Did he get a job?
Yes, he is now a senior sign-spinner.
Robo and Robert Brusca spinnin signs like circus clown pros!
on that note, where is mathman
The Internet Water Army promoted him/her and rotated him/her out!
Mario Monti has zero credibility and substantially less than Silvio Berlusconi. It wouldbe nice if Draghi would publish his diary and telephone logs so we can see how often Monti speaks with his fellow Italian Goldmanite
What's a few billion between friends?
they have ALL weekend to talk about more QE or Twist to ramp the US market back up on Monday. I wouldn't be surprised if they've been fudging the last 3 months or so of NFP prints to make them look better than reality and then stuffing all of that bad news into this NFP print because it falls on Friday that markets are closed.
OK so theyll talk up QE again, but dont intend on actually doing it so more carrot and stick economic model thru late fall with $6 gas....it will be fun to see how that works out.
There's another interesting piece of info if you click on the link in the article http://www.bancaditalia.it/statistiche/SDDS/stat_fin/Aggregati_riserve/agg_201204/agg201204en.pdf
At page 3 it states that Italy is still sitting on 98 billion Euro of gold reserves.
Sell zee gold! Enough for 4 months of refinancing and a good bunga bunga party!
Easter egg got me to thinking about the upcoming Easter egg hunt on the White House lawn. I just can't wait to see Michelle down on all fours scrambling after them eggs!
Booty call!!!
AT A GLANCE: European Banks' Disclosure On LTRO Participation | 4-Traders
here we see 2 ITA banks reported LTR0 participation at the end of feb[paste]:
ITALY:
so, we're looking at 30B of the 75B total going to 2 banks, possibly? and other banks not reporting due to bloodyStigmata? this was designed by mario4mario so this li'l can is kicked for 3 whole years! what "can" happen next is anybody's guess, but in the long run...
spain? here is what the spanish banks reported, from the same source:
SPAIN:
Stated another way, insolvent Italian and Spanish banks have now placed 415 billion euros in merda collateral with the ECB. A good portion of the ECB capital loss for this will be sent to the governments Spain and Italy, who in turn guaranteed these banks. Italy's has 18.4% share of the tiny leveraged to the hilt capital base of the ECB, and Spain 12.2%. Most of the rest will fall on France and Germany.
Socialism es muerte:) The Gorbachev moment is at hand, for socialisms western rite:))))))
Just give them the access code to the FED's computers and be done with it already.
"Up is good, right?"