• Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.
  • Tim Knight from...
    04/28/2016 - 00:27
    I was expecting a few boring candidate statements of the U.S. Senate - AKA the World's Most Exclusive Club - but, boy, was I wrong. Just take a look at some of these gems.

European Liquidity (Or The Complete Lack Thereof) Summarized In One Chart

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Mon, 08/22/2011 - 11:24 | 1586030 Misean
Misean's picture

Pffff...1.7T....I remember when that was a big number.

Mon, 08/22/2011 - 12:09 | 1586236 spiral_eyes
Mon, 08/22/2011 - 12:27 | 1586333 SwingForce
SwingForce's picture

Debt Rolling is different than Bailouting, the amount outstanding doesn't increase (ignore the interest).

Mon, 08/22/2011 - 12:46 | 1586429 LawsofPhysics
LawsofPhysics's picture

Bullshit, the cost of creating capital is still being ignored as capital now must be created to simply pay the daily bills.

Fine, tell you what, print some capital for me to run my business, allow ALL of us access to interest free money then monkey boy.

Mon, 08/22/2011 - 11:25 | 1586041 trav7777
trav7777's picture

Monetize bitchez

Tue, 08/23/2011 - 06:54 | 1589452 Dismal Scientist
Dismal Scientist's picture

See the Bundesbank monthly report posted yesterday on ZH.

You want a bailout ? Give us your beaches, bitches. The Germans do love to put their towels down...


Mon, 08/22/2011 - 11:26 | 1586048 Cognitive Dissonance
Cognitive Dissonance's picture

Just dig a deeper well dude. Problem solved.

Where do I send the bill?

Mon, 08/22/2011 - 11:41 | 1586124 carbonmutant
carbonmutant's picture

Sounds geothermal to me...

Mon, 08/22/2011 - 11:43 | 1586132 pods
pods's picture



Mon, 08/22/2011 - 21:40 | 1588617 StychoKiller
StychoKiller's picture

The Money Hole is traditional!

Mon, 08/22/2011 - 11:26 | 1586049 Jim in MN
Jim in MN's picture

"I shoulda known that no one clean would ever lie down quite that easy"

--Lifter Puller, The Flex and the Buff Result (defunct local MN/MA band)

Mon, 08/22/2011 - 12:04 | 1586214 fuu
fuu's picture

Great band. Last time I was at the 7th st ashtray their star was still there.

I like the cut of your jib.

Mon, 08/22/2011 - 11:26 | 1586050 waldocktrades
waldocktrades's picture

The Euro countries and the U.S. are beginning to face unpredicted competition in the credit markets. China is rapidly westernizing their credit markets through Hong Kong and ramping up their open market treasury sales.


Mon, 08/22/2011 - 11:27 | 1586053 slaughterer
slaughterer's picture

And with this article, ZH pulls the markets into the red no doubt.  Tyler, you are now the most powerful man in global markets. 

Mon, 08/22/2011 - 11:33 | 1586086 Sgt.Sausage
Sgt.Sausage's picture

The first rule of Fight Club is ... ???


Keep your piehole shut or we'll have to put together a body guard detail for Tyler soon.

Mon, 08/22/2011 - 11:47 | 1586148 infinity8
infinity8's picture

cat's outta the bag - over the last few months it has become obvious that most of MSM's pathetic "journalists" are all reading ZH. I read something here and within an hour I see it regurgitated, almost every ZH article now.

Mon, 08/22/2011 - 11:51 | 1586168 Quintus
Quintus's picture

Agree.  It's been remarkable charting the improvement in the quality of financial journalism in most of the major 'Quality' newpapers here in the UK recently.  

It is very obvious though, that this has come about only because the journalists there are simply reading ZH and re-wording the insights and data they find here.  Sometimes they barely bother with the 'Re-wording' part.

Mon, 08/22/2011 - 12:01 | 1586206 infinity8
infinity8's picture

Anything of importance re financial markets, geopolitical issues, etc. gets reported here first. I wonder how many goons in DC and the "intelligence" community get paid to read ZH all day. . . many, I'd wager.

Mon, 08/22/2011 - 12:07 | 1586227 strannick
strannick's picture

Yes, it seems investigative reporting for the MSM is now coming back in vogue. And by investigative, I mean cutting and pasting interesting articles from elsewhere. Did any one checkout the comments section at the 'Globe and Mail' after their dimissive article of ZH? It was like 30 comments in a row of Globe and Mail denunciations and anti-MSM bile. No doubt their will arise some 'moderation', like at Kitco for those who mention 'John Nadler'. Kitcos tax audit for their unaudited gold couldnt have happened to better guys.

Mon, 08/22/2011 - 11:54 | 1586184 SheepDog-One
SheepDog-One's picture

I hope the MSM reads my comments about them.

Mon, 08/22/2011 - 11:58 | 1586198 Snidley Whipsnae
Snidley Whipsnae's picture

I hope the MSM sees this...

Gold $1896.00

Silver $43.94

Mon, 08/22/2011 - 12:24 | 1586311 snakeboat
snakeboat's picture

1 American Eagle @ APMEX $48.50 / $1994 

Wishing I'd bought more a while back...

Mon, 08/22/2011 - 12:14 | 1586255 Shirley Wilfahrt
Shirley Wilfahrt's picture

My mind's eye pictures golden threads amidst a steady stream of shit....


This is a good thing.

Mon, 08/22/2011 - 12:29 | 1586347 Caviar Emptor
Caviar Emptor's picture

Noticed that too? 

Mon, 08/22/2011 - 12:10 | 1586239 baby_BLYTHE
baby_BLYTHE's picture

and gold to rocket higher. $1,900 anyone?

Mon, 08/22/2011 - 15:06 | 1587130 The Man in Room Five
The Man in Room Five's picture

19 to 20 will probably be the quickest jump yet

Mon, 08/22/2011 - 21:43 | 1588625 StychoKiller
StychoKiller's picture

Highest print so far:  $1912.08/Toz

Mon, 08/22/2011 - 11:27 | 1586055 alexwest
alexwest's picture

#is now for the ECB to monetize 1.7 trillion euros over the next three years.


we have a winner.. cause FED is going monetize at least 1 trln per eyar  4EVER..



Mon, 08/22/2011 - 11:28 | 1586059 Sequitur
Sequitur's picture

That's where I'll be putting some of my money. You know, investing with a non-bankrupt sovereign. Sadly that excludes the U.S. and much of Europe.

Mon, 08/22/2011 - 11:29 | 1586065 JW n FL
JW n FL's picture
+65.08 (0.60%) Real-time: 11:27AM EDT   it opened at plus 11k.   the market is losing a point a minute.. in the next hour or so we should be in negative territory.
Mon, 08/22/2011 - 11:31 | 1586074 gwar5
gwar5's picture

Makes me nervous for access and liquidity of my own cash in US banks.

Mon, 08/22/2011 - 12:41 | 1586407 ToddGak
ToddGak's picture

I have started to surreptitiously pull extra cash out at the ATM and stash it at home...just in case there's a bank run...

Mon, 08/22/2011 - 15:18 | 1587174 sasebo
sasebo's picture

Tried to withdraw low 5 figures from local bank in cash Friday. They scurried around like crazy. Was told they had to go to the Fed for it & I would get it next Thursday. Like a mini run?

Mon, 08/22/2011 - 11:32 | 1586075 Pimp Juice
Pimp Juice's picture

ECB and Fed monetize trillions and my gold keeps going up. I sit and read Zero Hedge and get richer. That doesn't suck!

Mon, 08/22/2011 - 11:36 | 1586097 Careless Whisper
Careless Whisper's picture

your gold going up isn't going to make you rich, it's just going to keep you even.

Mon, 08/22/2011 - 11:38 | 1586105 Quintus
Quintus's picture

If it keeps him even while eveyone else's paper is sinking towards worthlessness, doesn't that make him rich?

In the land of the blind, the one-eyed man is King.

Mon, 08/22/2011 - 11:51 | 1586172 SheepDog-One
SheepDog-One's picture

Mad Max was rich, he had 5 gallons of gasoline, a can of dog food, and 1 shotgun shell. 

Mon, 08/22/2011 - 12:19 | 1586281 rosiescenario
rosiescenario's picture

AND adog.........for awhile.....also, you overlooked the Crescent wrench and knee brace....valuable treasurers, no doubt.

Mon, 08/22/2011 - 13:12 | 1586534 SheepDog-One
SheepDog-One's picture

Thats right, a bottle of water is worth all a man has who is out lost in the desert. All perspective.

Mon, 08/22/2011 - 12:24 | 1586312 Herbert_guthrie
Herbert_guthrie's picture

A backstock of 5 gallons of gas, can of dog food, and one shotgun shell still puts him in a better position than most of the population.

Mon, 08/22/2011 - 23:13 | 1588979 DCFusor
DCFusor's picture

Well, if all you want it to be less desparate than the rest, wow, what a goal!  Me, I have higher goals, I like actually being well off, and to hell with judging if I'm doing better (or less bad) than the next guy, that's ignorant.  Just having some brains and sense accomplishes that...

Vision, people!

Mon, 08/22/2011 - 11:53 | 1586181 nodhannum
nodhannum's picture

Touche Qunitus!

Mon, 08/22/2011 - 11:58 | 1586195 snowball777
snowball777's picture

Great...a king with no depth perception.

Mon, 08/22/2011 - 12:09 | 1586234 Quintus
Quintus's picture

Fortunately though, despite this lack of depth perception causing him to have frequent minor car accidents, there are never any credible eye-witnesses.

Mon, 08/22/2011 - 12:50 | 1586440 Nate H
Nate H's picture


"If it keeps him even while eveyone else's paper is sinking towards worthlessness, doesn't that make him rich?

In the land of the blind, the one-eyed man is King."


I disagree, quite strongly. Gold and silver are going to skyrocket, eventually. Then the amount of people who have any at all are going to be so 'rich' when everyone else has nothing. not a recipe for safe social situation. People will have to sell a gold coin for a loaf of bread or bottle of medicine.  People (esp on this site) need to look at the broader context of what 'end of fiat' means and stop being so gleeful.. Sure have some gold and silver. But have friends, skills, stuff and start thinking outside of relative pecuniary markers - they won't help in next paradigm as much as they have in this one.  Ie. buy some gold and silver - but above the amount required for personal safety I think its gonna be a trade with some unforseen negative externalities.

Mon, 08/22/2011 - 23:08 | 1588963 DCFusor
DCFusor's picture

Been saying the same for years myself, Nate.  And unlike all too many here -- actually doing something about it.  Moving to and working a farm was a real bear for this ex-city boy, but man, was it ever worth it.  I'm wealthy now -- but I also have money too.

All too easy to trust in "just the one thing, and now I don't have to think anymore".  Yeah, you get real far with set and forget thinking in real life, or even in trading.  Far from rich, that is.

Mon, 08/22/2011 - 11:40 | 1586119 JW n FL
JW n FL's picture

so you think people will trust fiat paper in the next 6 months?

well it is nice to have ssomeone who is positive around to brighten up the place..

but I think not.. but I am HAPPY! to be wrong.. but I once again, think NOT!

Mon, 08/22/2011 - 11:42 | 1586127 Zero Debt
Zero Debt's picture

I rather be even with gold owners than bond holders...

Mon, 08/22/2011 - 11:46 | 1586128 SheepDog-One
SheepDog-One's picture

Thats OK, paper is always worthless. At least with gold, you COULD make your way to Peru where you could live like a king. 

Try taking your paper stocks or bonds there, theyll soak it in water and make a paper mache sculpture.

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