European Bailout Infographic: Presenting The Truckloads Of Cash Needed To Rescue The Insolvent PIIGS

Tyler Durden's picture

...No, literally truckloads. Our friends at demonocracy.info have been kind enough to put together an infographic that explains the European bailout in simple, visual terms, that even the most innocent of FTL truckers can grasp without much exertion, for the simple reason that it shows all the bailouts amounts in terms of trucks of cash. And here is the kicker: one would need a 13 lane highway, filled with trucks bumper to bumper, stretching for about 3 kilometers to represent the €2.91 trillion in total amounts owed by the PIIGS and their citizens (whether voluntarily or not... actually make that involuntarily) to  Europe's largest banks. What is most frightening is what is not shown: just how it is that the world's central banks are keeping all of these banks propped up. Because sooner or later all this money will be discovered to have been fatally misallocated. Then the real bailout cost will become all too evident, and just like in the US, it will be in the double digit trillions. Which means the metaphorical highway of trucks full of cash will stretch on for kilometers and kilometers and so on (or miles, for the naive US-based truckers). But since that day is in the future, there is no reason to worry about it. 

From Demonocracy.info

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Ahmeexnal's picture

euro bank deposits will be confiscated.

ACP's picture

No, that would be wrong.

Just diluted.

TruthInSunshine's picture

Germans & some other northern Europeans either have to pony up, absolutely destroying the purchasing power of their citizens (and legitimately risking political instability in Germany and elsewhere the likes of which we haven't seen since post WW1) to merely postpone what will be an inevitable EU structural collapse (not avoid one; it's not avoidable).

- or -

They're going to concede that the handwriting of the EU being an unsustainable failure is on the wall, and they're going to build a firewall, not to prevent PIIGS+UK+France contagian from spreading, but around their own borders, in an attempt to preserve their own living standards.

They're going to build a wall to keep PIIGSFUK out, even though all the cnBSc &  Bloomturd Pundits, Peddlers and Purveyors of Government Propaganda all spread the party line that they can't afford to separate. Ha!

 

It's either-or. There's no middle ground.

Oh sure. They're going to talk and blather and yammer and spin for a while, just to delay the inevitable choice that has to be made.

Blah-Blah-Blah-Blah-Blah-Blah

 

They can't fix the EU. Math, bitchez.

JW n FL's picture

 

 

the germans don’t have too.. the *American Middle Class will back stop it all.. some more / again / once more / and on and on you don’t stop!

 

* note: I should have said **America's Middle Class that is still working and paying taxes.. will back stop the eu's truck loads of cash.

** note: I should have said America's Middle Class that will be able to continue working after a ***Global Economic Slow Down due the Waves of Contagion circling the earth at almost light speed.

*** note: I should have said the World Economic Melt Down Hell on Earth Cluster Fuck of Greed being Spewed Out of the ANUS! of Europe ALL OVER THE ENTIRE WORLD! While God Cried and the Devil looks on laughing!

 

And I should have prefaced this beautiful butt nugget with the fact that American’s by and large are to fucking stupid to be able to figure any of this out and thusly we all will suffer.

It was GREAT! When we all were so much smarter and happy that everyone else was stupid.. My how that has come around to Bite the World in the ASS!

 

i-dog's picture

  
   "American’s by and large are to fucking stupid"

Ironic that you would use that construct for "Americans, by and large, are too fucking stupid"!!

Harlequin001's picture

Where did they get all this money? Do you have any idea how much corn or wheat this buys, because it does buy corn and wheat, and gold? That's the equivalent of about 4 loaves in 1923 Reichmarks...

Don't sweat it...

zhandax's picture

** note: I should have said America's Middle Class that will be able to continue working after a ***Global Economic Slow Down

JW, stop there; you are already out of people.

economics1996's picture

 "American’s by and large are to fucking stupid"

No shit, we have affirmative action to ensure the dullest among us make decisions.

Gavrikon's picture

And, "the Germans don't have too..."

Or is it that "the Germans don't have to?"

Still, many of us are pretty fucking stupid, along with the Europeans.

TruthInSunshine's picture

I will tell you what will happen, in terms of just one critical asset class, if The Bernank, in all his infinite wisdom, even remotely attempts to contribute in any meaningful way to a subsidy (as discreetly and sneakily he may try) that is large enough to significantly reduce the EU debt load.

Oil will soar so high that it will literally choke the remaining life out of the U.S. economy and those other nations (i.e. all developed and emerging ones, in varying degrees) who generate a meaningful % of their GDP/GNP from trade with the U.S.

I won't even get into other asset/commodity prices.

Oil at $147 a barrel put the choke hold on the economy last go-round, back in 2007, when the pain hadn't even set in yet and before massive pockets of wealth were vaporized.

Try oil at $147 a barrel now, let alone $175 or $200 and the mid to early 1930s will look like mild by comparison, as the price of lubricating the gears of global commerce becomes prohibitively expensive (and I'm not even delving into the reserve currency issues that would arise given that oil currently is purchased and sold in USD).

We can all stop and analyze the impact on oil prices, and what monetization of Euro Member sovereign debt will do to the price of oil, because that is significant enough on its own to guarantee a very adverse outcome.

Hedgetard55's picture

Stop it man. Just stop it. Too much Truth and WAY too much sunshine. Please...stop.

sitenine's picture

@TIS

Your observation is spot on.  I want to pose a few "what ifs" to what you say.  First question, how long can TPTB hold oil at $100?  We're running on 3 months, and I've been impressed by the effort so far.  Second question, how long can oil continue to sell in USD?  China and India are already swapping for local currency or straight up gold, and Russia will make a similar commitment soon (imho).  These questions further beg the question whether or not currency wars are spilling into semi-hostile trade wars.

Non Passaran's picture

But consider that in 2007 only oil (and maybe some commodities) were overpriced. Now everything is, so the higher price of oil has been factored in. I'd say now up to $200 could be bearable.

TruthInSunshine's picture

No offense, but if you believe oil up to $200 is 'sustainable,' you've been hittin' the crack pipe with William Dudley.

Oil at $200 a barrel is going to translate to gasoline/diesel at around $6 to $7 a gallon in the U.S. (I'm not even sure how the hell high heating oil would go, let alone food or the other necessities that have to be transported), and Europe would be facing $18 to $20 USD per gallon gasoline/diesel (it's already over $8 USD per gallon in many parts of Europe).

Good luck with that epic grand delusion.

Oliver Jones's picture

Anyone not planning for $50-a-gallon gasoline in the next couple of decades is asleep at the wheel. Besides which, Europe has been dealing with $6-7 per gallon for YEARS - even before peak oil. You Yanks just need to learn to live a little closer to work and restrict your gasoline use to 1-2 fill-ups a month. That's what we did to keep the cost of commuting down.

Peak oil has already happened, and the supply is now constrained by the ability to get it out of the ground, not the demand. We're on the other side of a bell curve, with supply rapidly decreasing - and global population still in a state of growth...

TruthInSunshine's picture

With a forecast as specific as $50 a gallon gas in the next couple of decade, who are you? Nostradamus?

C'mon, Oliver.

I almost would've thought about your response more before responding had you said "$50 in the next couple of years."

 

Almost.

Oliver Jones's picture

I'm talking about $50 a gallon in terms of what $50 is worth today, not what $50 will be worth 10-20 years from now (if it still exists, that is.)

Vampyroteuthis infernalis's picture

We are going to get our $50 a barrel because EVERYONE will be unemployed. Filling up the gas tank with no where to go will be too expensive.

Non Passaran's picture

OJ made some additional arguments and I'd only like to point out that NG would be okay for heating (the poor and green) and that in 2007 gold was much cheaper do either gold is relatively expensive or oil is still relatively cheap. I do agree that the US economy would suffer, but oil prices wouldn't fall because of that. High prices Of oil would persist despite that.
Incidentally, at the moment I am long some O&G explorers as I am hoping for more crazy (covert or overt) QA soon.
P.S. Adding that I am not a believer in Peak Oil Theory, but I'd give it a 40pc chance.

Oliver Jones's picture

There is nothing theoretical about peak oil. It already happened in 2005. From that point on, we follow the Hubbert curve downward - with less oil available every year than there was the year before.

By definition, we will never, ever, run out of oil: It will simply become too energy-intensive to extract (i.e. net energy drops below 1:1), in that it will cost more energy to extract and refine the oil than we would ever get back by burning it. In that case, the rest will be abandoned.

It was inevitable, really - ever since 1964, more oil has been pumped out of the ground than discovered, and since you need to discover oil before you can pump it, the problem has been visible for decades.

Politicians, however, avoid dealing with unpopular predicaments by simply pretending that they don't exist. Nobody likes to be told that their way of life is on the way out, but that is what the bottom line amounts to.

By the way, natural gas isn't a solution for everything. Due to its high evaporation pressure, it's impractical for use in planes. Even for cars, it is a particular challenge - with propane being a lot more popular. But even propane would require very strong fuel tanks, which would probably be heavy enough to rip the wings off any plane design you care to mention. Or, you simply sacrifice range/cargo space by building tanks into the fuselage.

cranky-old-geezer's picture

 

 

'07's $147 oil is today's $245 oil considering USD lost 40% of its value since '07.

Today's $100 oil is a 60% price drop since '07's high, much of it being from reduction of demand, some of it being new supplies (Canadian oil sands?).

 

 

TruthInSunshine's picture

I will disagree with you.

From a consumer/user perspective, as the economy has blown chunks, and real incomes/wages have fallen (BLS tortured data aside), and given that massive pockets of 'transitorily created bubble wealth' were vaporized beginning in 2008, today's $100 oil, relative to wages, incomes and the size of the economy (in real, and not nominal terms), is a price increase since (of what % I do not know) the highs of '07.

Higher oil prices were more easily dealt with back in the bubble years, as the 'wealth effect' of what was a massive, credit/debt induced bubble, where millions more paper-based princes/princesses were around, confidently buying whatever they wanted, as they just knew that their assets (especially real estate assets) would allow them to buy as much of whatever they wanted at whatever price, because they would all retire spectacularly wealthy.

BorisTheBlade's picture

At some point Germans should realize that it is less expensive to roll out some Leopards and run them towards Brussels than continue this bailout nonsense. Ah, sweet dreams.

Long-John-Silver's picture

Each bill has an intrinsic value of 12.44 BTU.

RockyRacoon's picture

Doesn't matter.   It's all electrons anyhow, and this amount of "money" will fit inside the cheapest capacitor you can get at Radio Shack.  No big deal.   I can't wait for the ultimate discharge of the capacitor!  Waiting for that black swan short circuit.   Biding my time.  You?

bonin006's picture

Assuming $3.90/gallon for fuel oil, at 115,000 BTU/gallon, that puts the intrinsic value at $0.00042 (or less, compairing NG)

Manthong's picture

Well, with good old American spirit, we're up to the task on this side of the pond.

So what are the handles of the Obama crew?

http://www.youtube.com/watch?v=HWO_AIh8drk

Ned Zeppelin's picture

Gee, maybe we need to hear the handles of the Reagan, Bush I, Clinton and Bush II as well, since they had just as much to do as Obama with the giant pile of debt doo-doo the USA has excreted. 

JW n FL's picture

 

 

10 hail marys for you!

and 100 thou shall not take ronnie the fucking scumbag securitizing king's name in vain!

 

Ronald Reagan cut Military benefits.. my uncle, who was shot in the fucking head with an ak-47 was not milking the system, FACT!

Ronnie started this snow ball of securitized debt rolling, FACT!

and everyone since Kennedy.. (and maybe even a lil bit Kennedy) has belonged to the Lobby Dollars Syndicate / Lucky Sperm Club of Blue Bloods.

Manthong's picture

Maybe we should, but all of the presidents prior to this present usurper-in-chief, in aggregate, have not done as much damage as this one.

Stack Trace's picture

Under our CB all have been equal-opportunity offenders. Each serves a purpose and keeps a portion of the population believing in the myth of the adversarial parties.

Manthong's picture

10-4, but that shouldn't stop anybody from unloading on the those on the drivers seat now.

LowProfile's picture

You need to go back to Wilson if you want to be fair.

zhandax's picture

You need to go back to Wilson if you want to be fair.

You need to hang Wilson if you want to be fair.  There, fixed it for ya.

Manthong's picture

Lincoln had his greenbacks, but bullion coins were common, and free silver exchange was in place. He was railroaded by the National Bank Act. He had the right idea for a sovereign currency not controlled by bankers. 

Wilson was indeed the villian.. he cursed us with the income tax (16th Amendment), the Federal Reserve Act and he took power away from the states with the 17th Amendment by making a Senate seat a beauty contest subject to influence and manipulation  rather than an appointment by state legislators with commensurate obligations to the states.

 

FreedomGuy's picture

I like the visual aspect of this. It is impressive and I wish the American public could see it...much less the Europeans.

The American version has over FIVE TIMES AS MANY TRUCKLOADS of money. We have a current debt of over $16trillion and still growing by leaps and bounds.

We are screwed. The current leader in the Republican presidential race is a total establishment status quo guy. He will just run the leviathan state better than the amateur now, but nothing essential will go away. No one is going to ask the State to balance the books or do less. Therefore the problem will grow till it hits the tipping point and it all breaks. I think we are not far from that now.

 

 

johnnynaps's picture

It's the International Debt Highway System bitchez!

tankster's picture

Thanks for the token BITCHEZ comment. Nauseating

Whalley World's picture

Shit, and i thought it was to come in a helicopter drops

Yes_Questions's picture

 

 

Not enough room in the sky.

Non Passaran's picture

It can be fixed, we just need a leader who will build bigger highways and solve this traffic jam problem. The US and Europe each had theirs when it was necessary in the past :-)

vintageyz's picture

It's a good thing it is all digital euros; that way they can save on petrol.

brewing's picture

now that's a convoy...

The Monkey's picture

I have to admit it. When the market rallied into the close, I just couldn't help but add to my SPXU position.