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Europe's Parabolic-est: German TARGET2 Total Hits €700 Billion
Dear German readers: please earmuff your eyes.
Everyone else: please check back in 3-6 months when the Bundesbank's (i.e. Germany) uncollectable "claims" from the Eurosystem hit €1 trillion, following the May increase of €54.4 billion, the third highest monthly increase on record, bringing the total of just shy of €700 billion.
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Winning :)
Look at Luxembourg's Target2, its the equivalent of around EUR200k per man woman and child!
Wooo for parabolic charts!
<-- Next FED printing will be via MBS purchases.
<-- Next FED printing will be via Tbill purchases.
Quick quiz.
Um... I was told there would no math in this debate.
I guess my question is stupid. It's like I'm asking which kind of dogshit the FED will be buying. Does it really matter if it's from a poodle or a rott?
Why buy any more when theyve already monetized everything under the sun?
THE SUN!!
Go for the monetization of the SUN.
SD1 Super Genius!
:)
The Sun is one thing I can guarantee the FED will never buy. It's too productive of an asset. Now, in another 4 billion years who knows..
Solyndra.
<== The FED will counterfeit by buying dogshit
<== The FED will counterfeit by buying dogshit
So many options so hard to choose....AHHHhhhhh....I can't fucking take it somebody choose for me!
LOL. Perfect.
They have to package it first.
Call it preowned dog food at least.
REUTERS:
Greece sends New Dawn leader to Frankfurt to "clear up" the "TARGET2 thing" directly with Jens Weidman.
Cause when a new Nazi talks to an old Nazi, everything gets magically cleared up. (eyes roll)
They'll probably go to some beer hall in Bavaria and get their ass kicked in a bar fight ...
The National Socialists (let's call a spade a spade) actually got along well with thier Euroland puppet government. The puppets kept on getting into trouble militarily, and the Germans kept on bailing them out.
Hey, kind of like today. :)
Some things never change! :))))))
Cue "Hitler Finds Out About Target2 Balances" youtube adaptation video.
How the heck can you put 100 divisions on the border of another county and still "surprise them"? Eh, forget that.
BlitzKrieg, Shock and Awe ?
Won't be necessary this time. The Euro was the Trojan Horse.
Is today the day??
No, today is the day for the rumour about a rumour about a plan to
make a plan to fix this mess.
Monday will probably be the day
No, today is the day for the rumour about a rumour about a plan to
make a plan to fix this mess that was fixed two years ago according to reports.
Can Kick Friday!!
Too many cans... too few feet.
Yo central bank is so poor........
.....I saw him kicking a can down the street, I asked what he was doing, he said "Easing".
They want your Grandkids to pay for the road extension.
this weekend maybe? right time now, since the european soccer championship starts. ;-)
Oh, and one more thing. The USD swap lines from the Fed should also be superimposed on the Target2 graph. After all, it is the offshore funding source equivalent for the Euroland.
That is a fuckload of Towels
And the German people put up with this shit. Just so they can stay in the Euro community. Germany does not need them. I really thought they were smarter than us, or not as dumb as us.
Germany does not need them.
Who will the hardworking Germans be exporting to then?
Yes, moreover, how many oil fields are there in Germany again?
Did they not finish the Berlin to Baghdad railway line?
Asking Germany to bailout Europe is like asking a restaurant owner to give more free cash to its indebted and broke customers while praising the restaurant owner for his brilliant business model and hardworking staff.
But okay, lets not spoil the party with common sense.
Remember Nord Stream? https://en.wikipedia.org/wiki/Nord_Stream
Screw EU, Germany has already picked their side...
How many oilfields are there in Greece, Spain, Portugal, Italy and Ireland ?
Selling cars on credit and never getting paid isn't such a good model either ?
Exporting to and vendor financing.
Easy to sell stuff to people when you are also lending them the money to buy your products.
The problem only comes when you ask for the money back and they don't have it. The German export miracle is becoming a nightmare fast. Turns out it's mostly been a big circle-jerk all along.
Yep, they fucked up and should have left well-enough alone. Keep pretending to lend them "money" and they will keep pretending to pay it back.
International Ponzi Finance is like a tennis game.. the vendor financing ball might be back in Japan and China's court sooner that most folks expect.
This is kind of like the China USA thingamagig......
If I had read one more post down...
Turns out it's mostly been a big circle-jerk all along.
Ahh ... the feeling I got when I first studied economics and finance!
best i read today:
BoE's Haldane says it is time to rethink how financial system works
and i always thought financial systems are designed and defined by human...
They'll look inward and begin manufacturing tanks/jets/ships/subs and other military hardware for their own account.
Yes, so long as supply lines hold. Some things never change, and when real goods and serices stop crossing boarders, troops will. Now how did that work out for everyone last time?
The Germans will export to customers who can pay for it. Doesn’t that settle it? BTW, Deutsche Bank is not German; it’s Wall Street.
Markets outside the Euroupne are more attractive anyways. btw there are 34 countries in Europe to export to that are not part of the Eurozone!
Just like here, dummy, the people have little to no say. Just because you have a "vote" doesn't mean jack shit. Take a look around.
Zee pain in Spain falls mainly on zee Germains.
Zee pain in Spain, Portugal, Ireland, Italy, Greece falls mainly on zee Germans.
Spare me. Obama to speak on the economy at 10:15. That will be good for at least another -50 on DOW. He just does not get it. Go back to Chicago and leave us alone.
I think he gets it, he just cannot tell us.
I think he gets it too,but I think it's more sinister than not being able to tell us.
He:
Does not get it - never did.
Does not care - never has.
Has his words carefully crafted by others, who are really in charge.
that distinction doesn't really matter. Our recent run of presidents have all been puppets for the people who are really in charge. I suppose you could make a case for GHWB being a part of the criminal syndicate... less of a puppet. Prior to that, you would likely need to go back to JFK, and look where that got him.
The point that is important is the likelihood that they know exactly what is going on... and have been preparing for it all for some time now.
and people who think otherwise are fools... which is most everyone.
I could only imagine being the president. Just seeing the information publicly available is enough to keep you up at night.
I would be doped up worse than Elvis if the first thing I had to do in the morning was listen to how they have found another 8 holes in the dike.
You have to be an egomaniac to want that job.
And your ego has to overwhelm your intelligence. So the smarter the president, the scarier it actually is.
Most inteligent but grounded people would walk out after the first briefing and promptly GTFOOD (Get the Fuck out of dodge).
pods
Ugh.... Delusional :(
Good post! But i don't think Bush or Obama were intelligent enough to walk out. And Obama's ego, spanning the continents, can overcome almost any deficiency - making him the perfect puppet for the banking cartel.
Time to crank up those EUR printing presses in Frankfurt!
You can't get blood out of a turnip!
my mother's favorite saying.....cliches and stereotypes can be cruel but man, are they right on
Yes. Nature makes no promises regarding anyone's survival, especially in a lawless land. As long as the paper-pushers are going to steal the value of all our labor I am starting to think that a well-armed society might at least be a bit more polite.
Germans should exit euro NOW and implement strict capital controls to prevent the TARGET2 money from flowing back.
That should be fun to watch.
They can't. They gave up their military to pay for all the social spending:(
Scheisse...
Yes, meanwhile Americans are having their freedoms stripped to keep the military industrial complex going.
A vicious cycle. More might requires more might, with both our imperial pursuits as well as our police state. Like every other exponential curve we find ourselves on, the slope is getting steep.
But at the end of the day, might does make right. And that goes for the exponential curves:)
Until it doesn't... then look the fuck out. America is here --->>> X
As I stated above, precisely why I am starting to think that so long as the paper-pushers are going to steal the value of our labor anyway, at least a well-armed society might be a bit more polite.
God bless America:)
Not true... we have to keep our military in tact because, as we have seen... the rest of you ass holes refuse to play nice.
Don't believe me, ask an 80 year old European Jew. Or a 40 year old Kurd. If you can find a literate North Korean, ask them. There are also some Venezuelans you may to ask, or some Cubans.
Then of course there are those Muslems and their affection for flying planes into civilian targets. Plus their quest to kill every last Christian.
Yeah... the World would be a much safer place without the US military.
You should unplug and question some of your assumptions.
I junked you, not because you challenged me, but because you seem childish and imature.
Plus... I'm rubber and you're glue...
:-)
I know you are, but what am I. http://www.youtube.com/watch?v=XOGWbzUM-y8
+1
Not because you're smart but because you're funny.
Keep it up :)
With all the information that is out there on precisely how America has been "playing" in the middle East for 40+ years, let me guess. I imagine you also ask yourself "why is our oil under their sand?".
Grow up, you sound like a political puppet who plays on people's fears and refuses to have an adult conversation. Here is a hint, those "muslems" are equivalent to the "jews" of old. Go look up what "blowback" means.
Oh and by the way, if unemployment keeps going up, it won't be someone 6,000 miles away that you should be concerned about.
Is that chart a projection of FB free cash flow, USA GDP or the amount of new green jobs that Obama will bring to America in his next term? /sarc
What a fucking insane set of liabilities to have to back up.
Wow, look at the 10-yr. yields in U.S., Germany, Japan.
Clearly these idiots are not printing fast enough! What are they thinking? They could print trillions and start handing out checks to consumers.
They could print trillions and start handing out checks to consumers.
Don't worry Robo that's coming up in the next 2012 vote buying er I meant economic stimulus bill.
Robo, they are not printing at all.
It is called BORROWING when there is debt attached.
pods
Pods,
But what if the interest rate is ZERO? Isn't that the same as printing since no interest is being accumulated?
Do you really beieve that there is no cost for capital, even if no real value is being created.
Sounds a lot like capital mis-allocation and mal-investment to me.
At least ze Germans can retire at 52.
Completely OT:
The 'Motif' investing (click-through ad on my ZH right now) is really intriguing. Not endorsing it, as I just now started looking at it. My initial impression is that this is a very very clever idea.
If it is on your screen I encourage you to click on it and check it out.
They are providing a diversified way to invest in 'an idea' with one commission. Anybody have any business dealing with them or know what the fine print/pitfalls are?
I personally like the NOVA investment advert: Hugo and I'madinnerjecket holding hands... apparently they don't want us to invest.
But if we were good, patriotic people we wouldn't do what they wanted would we? We SHOULD INVEST RIGHT NOW!!!!! PUT ALL YOUR 'MONEY' IN THE STOCK MARKET TO THWART THE TERRORIST REGIMES!!!!!!!!!!!!1111111ONEONEoneeleventyone!
I don't know whether to laugh or vomit...
Last time the Germans averted their eyes......ah nevermind.
I think we're about to see a large earthquake. I hope we are prepared to resist it.
The earthquake was 4 years ago and we are waiting on the tsunami. There's no resisting a tsunami, but you can move to high ground. If you can see it on the horizon, it is probably too late.
DEUTSCHLAND IST TOTAL GEFICKT!
Remember the story about the German tourist who puts a 100 Euro on the desk of a Greek inn? The owner runs around and pays the butcher, who pays the hooker... etc and everyone is out of debt. It is the same story, now with an American tourist in Germany to bail out Europe.
The story is getting interesting, because American innkeepers are wondering who is coming to stay in their town..
Another parabolic curve to add to the large and fast growing set of parabolic curves in the world of finance.
Where do parabolic curves go when they die?
And this results in David Cameron, who leads a country with 5 Trillion pounds of debt coming to Berlin to advise Angela Merkel on what to do...the entire Rothshild controlled part of the world ist total gefiickt!!!!
Time to lay into the sovereign CDS for "gefickte Deutschland"
uncollectable claims are like unavoidable dames; they always get you in the end.
I'm tired of all these compound exponential functions that are reaching their foregone conclusions. We are at the mathematical precipice where the numbers start to get really big, really fast. Buckle up kids, the ride is straight up from here. That is until it isn't.
Nothing bad can happen when Hillary "GravitASS" Clinton is meeting with Kofi "World Class Negro Heavyweight" Annan ? Maybe they will share a Nobel Peace Prize ? Monedas 1929 "The Nobel prize ain't what it used to be....back before they invented Dynamite !"....Yogi Berra
Forget moral hazard et al. Had they listened to Neue Zürcher Zeitung in the 90s then there would be no €. But now is now. So much debt that is not collectable. They did not let the banks bite the bullet which would have been just.
But why let the people suffer ???
Why not change the ECB rules and let it buy that toxic waste and stash it away for good?
This must be a stupid question because it is the first that comes to mind. Someone lighten me up in one or three sentences please. Thanks.
Heliom flash (death of a star)
"...
This runaway reaction quickly climbs to about 100 billion times the star's normal energy production (for a few seconds) until the increased temperature again renders thermal pressure dominant, eliminating the degeneracy. ...
"
http://en.wikipedia.org/wiki/Helium_flash