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Exercises In Parabolic Insanity
Because as long as the underlying causes are never fixed, and the symptoms are simply masked over by a few more trillion in electronic €1s and €0s, things will only get worse. But one needs an economics Ph.D. not to get that...
Source: Diapason
Oh, and where is the money coming from you may ask? Danke Deutschland!
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Cool ... pressure on the Germans
Shake-down time. Greece was the overture.
I sure am seeing a lot of exponential curves lately...
you aint kidding...
To leave. End this misery!
Germany is screwed. If it steps off the merry-go-round it'll still be holding one HUGE bad of debt. And then there's the issue of WHOM they're going to do business with... there's just not enough "growth" to keep them from sinking. Natural resources, Germany is a bit lacking... the future belongs to the PHYSICAL, good bye Germany!
It´s no problem. You just need to settle lost accounts receivables against the ECB against future paments to the EU (in case the EU will still be around).
Germans crave pressure "Ve vill distribute the forces vith engineerink." - until they emotionally snap.
'California Uber Alles'.
- Jello Biafra
http://en.wikipedia.org/wiki/California_%C3%9Cber_Alles
I always liked that song, back from the days when the American left werent flat out authoritarian statist types. They wen from telling everyone to question authority to screaming that anyone who questions theirs is a traitor.
Yes, we have an even bigger problem now. Nevertheless, I think Pull my Strings is more fitting to the current situation.
That's why I switched from being a lefty in the 60's to a Ron Paul supporter in 2011. I never did want to tell anyone what they should do. Now I don't want anyone telling me or you what we should do.
Just fucking leave me alone. I'm not bothering you!!! so get out of my face and my pocket.
But --- you have some money left there.
It doesn't end until you are flat broke. Something to look forward it.
Oh please - the left has always been shit but yeah they love hussein police state which is worse than Bush's police state.
Jello Biafra and The Dead Kennedys? Pretend punk or shopping mall new wave. Typical lame shit that comes out of California. Jello was a trust fund liberal from Boulder. And oh so typical from liberals who are the leader of the band - he screwed over his bandmates out of royalties. I can think of about 5 or 6 UK bands that did that and the leader was hard core Labour Party f*cks.
The Pistols were the real deal. Only The Ramones were close in the US and their lyrics were weak.
Music scenes ain't real life
They won't get rid of the bomb
Won't eliminate rape
Or bring down the banks
Any kind of real change
Takes more time and work
Than changing channels on a TV set
-Chickenshit conformist, Dead Kennedys 1986
Karma.....70 years late.
Karma.....70 years late.
These guys need more target practice...
from the bar graph, it looks like Italy has gotten worse faster than Spain.
Keep in mind this is only TARGET2, aka Bundesbank funding of PIIGS' trade deficits (described here).
For actual borrowings from the ECB, which is apples and oranges, we can see that Italy and Spain are imploding at precisely the same rate: €75 billion each in March.
Could actually use a Joe Biden quote
(Imagine.... How unconventional!)
"That's a big fucking deal"
I'm just glad Jean-Claude Trichet fixed all this before he retired from the ECB
that Stress Test, sorry those 2 Stress Tests, which all the banks passed (both times) with flying colours weren't for nothing you know
J.C.T. was a genius, what a fabulous legacy
ahem, any chance of clawback on his entire ECB earnings.. and his pension too??
& funky Claude was runnin' in & out... pullin' kids out the ground...
http://www.youtube.com/watch?v=BbXlFjTTqtk
Log it for fun
This assures Germany has no choice but to keep them all afloat.
So, we should be buying this debt?!?!?!?
Who will bail out the central fractional reserve banks, such as the ECB, BOJ, BOE & Federal Reserve (aka FRBNY), now that the hosts (i.e. taxpayers & savers) that these entities enable zombie banks to live off are dying (economically and/or physically) at a much faster rate than replacements can be found?
This is the profound question that both Keynes & Hayek would grapple with today.
Finite complex systems and exponential equations are indeed a bitch, and completely mis-understood by most.
+ 1
Fine observation!
And emergent properties kill people every day, more so all the time. We'll start to understand these things only the day before something comes unhinged enough to finally send us back to the Stone Ages.
Keynes and Hayek would have already started hedge funds betting against all this shit.
the rothchilds.
lol, I wonder why you got insta-junked?
hmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmmm
Because they didn't like how their name was spelled.
It's the Rothschilds...
Ever seen the Good Guy Greg meme?
There's one that says "Sees grammatical error -- doesn't correct you because he knows what you meant"
I thought that one was particularly funny....................
The creator mercifully removed Keynes from the scene of the crime before the real fruits of his labors ripened.
Central banks, with the effective result that they end up owning everything.
Takes two to tango. Lead dancer in this insolvent pair is, of course, Bundesbank. Cool 615 billion and change at the end of March... Take a look from the link below.
http://www.bundesbank.de/statistik/statistik_zeitreihen.en.php?first=1&o...
That chart should be in this article too. Jaw-dropping. Thanks for the link.
One small step for everybody and one giant leap for the Rotheschildes.
7 billion people goin to come lookin for ya sucka's.
Might want to make up a little red book with pictures, etc. Better yet facial recognition program and maps. Then DON'T SELL ANYTHING to THEM at ANY PRICE. But really, a little black book would be helpful....
Talking about the underlying causes...you don't need to understand German, just look at the graph that shows the industrial output of several eurozone countries: http://www.querschuesse.de/industrieproduktionsindizes-fur-februar-der-dpigsf/
And boom goes the dynamite. Some of my favorite two words pairs are;
"Margin Call"
"Supply Lines"
"for delivery"
Feel free to add to the list.
"Rehypothecation bitchez"
I kinda cheated on that one a little
"Financial engineering"
"flood control"
"housing bottom"
"fiat currency"
"political kindness"
"swap lines"
"Over to you Bob Pissani"
"Back to you Maria"
"We will just skip Santelli today"
Riot gear
Priced in
Bulletproof vest
Smith Wesson
Double tap
Pepper spray
remarkably robust
irrational exuberance
totally fucked
"G20 Emergency meetings"...
G40:)
"Blackhawk down"
Jobless recovery.
"fire wall"
"ring fense"
"con tained"
"nothing here"
"move along"
Finanzstabilität. HIERRRR UND JETZT!
aarrr man the lifeboats, she's going down.
"Oh wow."
"no bid."
"Allocated gold " per MS
" I promise"
" Under control"
" Limited Inflation"
" Green shoots"
" Green energy"
Double Dip
Great Recession
Transitory Headwinds
I guess that when you get to write the book you can make yourself out to look like a hero... Really, a paper written by Germans showing ONLY Germans doing well. I'll remind people that Germany is screwed: the US market is plummeting, and the Chinese are starting to pucker. AND, what's Germany's energy imports like...
I can almost see my house from here.
ESM is coming and will fix everything...
Just imagine how rich everyone will be when all that money trickles down. We are truly entering the golden age.
http://images.sodahead.com/polls/002206371/5759371715_trickle_down_xlarg...
Those charts are porn!
do you think that's a chart on Viagra?:)
If your stimulus lasts for more than three years consult a PHD immediately, as this could be a sign of a more serious currency condition.
The only way for Germany to aviod the hyperinflationary route is to exit the EURO. I am unsure if there are enough of the older generation of Germans with steely resolve to go against popular (political elite) opinion of "print to infininty and everything will be ok". I don't think they will exit the EURO. Somehow, some way, they will be convinced (at least 51% of them) that this time is different, they can manage the hyperinflationary beast, can have their cake and eat it too. It won't work, but they will try again anyway.
I pity my fellow Germans, but I presume you pretty much nailed it.
The Euro is a pillar of the German politicians' mindset, right after man/woman-equality. Germany will never exit the Euro, I would bet the farm on it.
Unfortunately, I have to agree. We will not leave the Euro. Our very German fixation to ideas will lead to this tragic end. Again. But there will be a political Nachspiel.
Better be prepared. And watch your steps carefully. I've seen what some people do quietly here. Buying weapons (often illegally).
Doesn't matter. If Germany bails it'll have to immediately recognize the bad debts it is holding. And even if it wiggles out from under this rock it'll be staring at a contracting global marketplace, one in which it will be all-to-clear that the MUSIC HAS STOPPED (surrounded by a bunch of failed countries).
Got PHYSICAL resources?
There's a lot of difference now from the 1921 situation. Germany is not a defeated nation that has to pay unpayable reparations and it has its productive capacity -- perhaps too much of it -- and it can produce or buy its food and energy. The rest of the EZ are in an even worse situation. France won't be on top this time.
The next hyperinflation will affect everyone.
Soon it won't matter that Germany doesn't leave the Euro. When Spain does, the whole thing crumbles and the Euro becomes little more than a new Deutschmark anyway.
i have a feeling the people in one or all of these countries are secretly building portaguillotines in their basements and sheds for use in a new reality show called "how far will the head roll" where contestants design their apparatus to get maximum head rollage. the machine that rolls heads the farthest win. the winner gets to use their machine on chief squid god himself, blankfein.
I still think a smart programmer should build the "guillotine app" for all the smart phones. Just type in the name of your favorite corporate criminal and the phone finds a picture on the web for you to behead on your phone. Although the app adds no real value, at 99 cents per download, and given the stupidity of those with smartphones, the programmer will still be able to retire.
will never fly at the aapl fascist headquarters
Jailbreak that iDevice.
for an extra 99 cents a headshrinker app would be a nice compliment to that app.
About 6 months until I pick up my unemployment with a PU truck then.
Hint, in 6 months everyone is unemployed.
That won't be necessary unless you've have found someplace to pay you in nickels (a happy thought). There will be no printing. It will all be just electronic entries on your ATM card. This prevents the problem that many previous hyperinflations had, i.e. not enough currency available even with the presses running 24/7.
Parabolic, duobolic, tribolic, diabolic
"This looks bad" - Captain Understatement
Well I for one am looking forward to vacationing on the German Aegean
There has long been a joke about Mallorca being the 17th Bundesland.
wouldn't it be great to end it by your own hand instead of having it end by itself?
to quote rPaul on the T debt held by the FED: "we owe it to ourselves"
kinda catchy, really...
maybe prez0 or mittens will use it...
...somebody who actually figured out how to get on the damned ballot...
Parabeln schlampenz
Let me tell you all, this shit isn't being talked about at ALL in the MSM. Maybe Spiegel and Manager Magazin will blurt out a story or two online, but the main networks ARD and ZDF are silent. No, the big fucking deal right now is a debate about mandatory quotas for women in higher levels of business, and a bad boy poem written by an octagarian ex-SS Nobel Prize winner, critizing Israel about wanting war with Iran. The mother of all economic and social shitstorms is raging across Europe, Merkel has gone all in with Germany's future with her remaining chips and a bluff, but the public is tranquilized with meaningless side issues. You'll never see a Tyler chart on Tagesschau.
'but the public is tranquilized with meaningless side issues.'
You just(perhaps unknowingly?) described all public through-out history. Don't think the Krauts are special there...
That little lyric should be talk of Europe but somehow Messi's next goal will set us on the right track soon enough.
Same goes on in France, there was an article about the special hours for women to go to the public swimming pools and if it was right to have time slots at swimming pools only for woen. It was even discussed by presidential candidates, next there was an article about shortages of eggs (easter). The masses are completly sedated and have no clue, at least America has Ron Paul who will know what to do when the SHTF.
Who is Ron Paul? For that matter, Who is Tyler Durden?
The Other Dave if SF (where the swans are all pink and we're proud of it!)
The average American doesn't know anymore than the average Frenchman about what's coming down. He's only interested in the sports scores and some hate or sex crimes and maybe the latest idevice. The media's job 1 is to distract.
It's LSM: LameStreamMedia! What else would you expect?
The longer they are silent, the longer I can keep on converting worthless Euros into hard assets!
German
GDP 3.5T EUR
Government Budget 1.5T
Vendor-Financing insanity ... You have to sell a lot of Mercedes to cover that.
German banks as well as many other core Euro banks are in it up to their eyeballs. If the PIIGS deficits aren't funded then the banks go under and drag the core with it.
Calling Uncle Ben! Calling Uncle Ben!
If the Germans would just stop being so stubborn and follow the Yankee ingenuity system of using their cost as the the value of their assets, they wouldn't need to admit they don't have any money.
And I still wonder about the timing... when will the Euro massively lose value against USD, Oil, etc? How long can this Target2/LTRO-game continue without dire consequences for everyday life? A few months? Two years?
A decade? Why not?
Some of us here on ZH have spent 10pc of our adult lives waiting for something to happen. So far - nothing. As critics have pointed out, predictions about an imminent failure have been totally and utterly inaccurate.
I can't be bothered by the idea of impeding collapse any more. I'm semi-ready in terms of having some sort of a getaway and some PM's and I don't want to be obsessed by that more than necessary.
In the meantime I plan to start enjoying life a bit more than before.
+ 1, very clear-headed.
Prepare, yes! But, take time to enjoy the ride that is called "life." It might be another decade.
But, something bad is coming, very bad.
yeah - don't be Sarah Connor!
How do they keep all the balls in the air and the plates spinning? We all wonder. Meanwhile this global warming has been great. Spring in February. Sweet!
Man, you are so right. Enjoy your family, understand that the destruction of the US is NOT going to happen with hordes of barbarians sacking, raping and pillaging. NO one here can say what will the future bring. A good certainty that past performance is indicative of future operations, but we have been slapped in the face before with reality when using past models to predict the future. So, in the words of Master Uguay (Kung Fu Panda - whom the little ones enjoy very much): Yesterday is History, Tommorrow is in the Future and Today is present - it is a GIFT. There will be war and rumors of war, the skies will fall, blah blah blah. LIVE YOUR LIFE. Eat and Love!
Right, there are a lot of dead bodies that were sure Japan would crash and burn 10 years ago!
The difference is we are farther down the path then we have ever been, at least during my lifetime. This is made obvious by what the Government is doing and I don't mean QE. I won't bother to list the myriad of activities that have taken place over the last 12 years but if you look at just the last few years it seems obvious they are expecting massive civil unrest. This is evidenced by the recent 400 million bullet purchase, the recent massive purchase of MREs, the NDAA, expansion of the Patriot Act. Couple this with the inevitability of a global financial meltdown and I think it is pretty obvious, we're there.
The question is can they hold things off until after the election? Unfortunately the Europeans don't really give a shit about our elections and once things get rolling they'll not be able to control them. I don't think so, I expect we'll have elections in the middle of turmoil. Ron Paul may actually get his chance if things start sooner then later, I think its a good possibility. I think Ron knows it too, that's why he's continuing to hang in there.
I agree about enjoying your life, but one doesn't have to be independent of the other. I'm actually looking at this with a fair amount of excitement - and I know I shouldn't be but I can't help it. We are all about to live through (hopefully) the biggest financial disintegration in the history of the world, maps will be redrawn and power will be redistributed after this is over.
I think its actually enjoyable to watch.
What happened last time when the Germans felt that other countries and other 'people' took their money?
That may be the key to understanding Germany ,, it's not Versaille being imposed ,, it's Germany (feeling like they are) calling the shots .. they probably feel like they're buying Europe right now. None of the European state have enough military to be a real threat to their neighbors (and hold on after a conquest anyway) ... There's only the bear on the eastern front that will mop up... and Obama's middle eastern friends that will move in to "protect" their people that are living in Italy , Germany , Spain and France... They already have a base of operations in the "no go" zones that the police ignore.
Maybe, but the Germans have a reputation for finding final solutions regarding well-integrated scapegoat populatons...
The sad thing is that all these nations and all these banks actually believe their accounting entries to be real. Or to put it another way, the whole rotten structure is being supported by an illusional and delusional number of zeroes.
You are correct, and it will continue until real goods are not being delivered, then the hyperinflationary wave begins as everyone with any kind of capital tries to outbid each other in order to get the remaining goods, technology, or resources that allow their family, community, or country to simply "muddle through".
People forget that in order to even "muddle through" you still need the energy flux or inputs to remain the same.
"People forget that in order to even "muddle through" you still need the energy flux or inputs to remain the same."
EXACTLY!
Everything has been so not reality. The physical world WILL reassert.
As good as the Japanese, Germans and the Chinese are at making stuff nowadays, this might not the the case this time. Do you plan on stocking up on shirts, flat screens TVs, toasters and autos? They can probably make all that you can find parking places for this time around. Gold may be another matter, but I suspect the early adopters will end up with most of it.
It ain't your father's depression and hyperinflation. There's plenty of stuff to go around.
These "producers" are highly dependent on imports of energy and other resources critical to their "production" machines.
At least the Japanese can still make good tractors...
They can't possibly think that. Really???
Everytime I see a pessimistic article I say to my thank god I am not in syria, India or haiti or even China. Things could be worse, I could have been one among 40 million young men in China without the possibility of ever getting laid in my entire life.
<-Send them to Chinesekisses.com
<-or not
"I could have been one among 40 million young men in China without the possibility of ever getting laid in my entire life."
At least They can blame it on competition.
http://www.youtube.com/watch?v=Ha1rEhovONU
Wesley Clark talks about a plan to invade 7 countries in 5 years.
[22:43:42] <gecko_x2> you see J-Rod?
[22:43:51] <gecko_x2> this is the ascention
[22:43:57] <gecko_x2> it has begun.
[22:49:05] <gecko_x2> i will do my bid tomorrow
[22:49:14] <gecko_x2> i will spare no effort
[22:49:21] <gecko_x2> it ends here
[22:49:27] <gecko_x2> it begins here
http://www.godlikeproductions.com/forum1/message1837732/pg1
I want my $10 million from the FED at 0%; I promise I will be austere.
I know what I'd spend my $10 million on!
According to my calculations, today I would get 574 ASE monster boxes! 287,026 oz of Ag! Eight tonnes of Ag! It would fill the garage!
The Other Dave in SF (where the swans are pink AND WE'RE PROUD OF IT!)
Thus demonstrating the difference between models and reality quite succinctly.
In the Castro, you're legally required to replace those swans with statues of Bette Midler..good thing you chose Noe Valley. ;)
Sheila Bair for Chancellor!
Socialism, the final act. All those brain washers and believers. See ya.
Talking about inflation, ECB employees are complaining that their pensions are not protected against inflation. If that’s not an indication of things to come, i don’t know what is!
Really is quite entertaining to watch this circus !
Alas we’re all part of the performance ….
Short in English
http://www.bloomberg.com/news/2012-04-15/ecb-workers-pensions-not-protected-against-inflation-fas-says.html
Long but in german
http://www.faz.net/aktuell/wirtschaft/inflation-kleinglaeubige-ezb-beamte-11717693.html
http://www.godlikeproductions.com/forum1/message1837732/pg1
http://www.youtube.com/watch?v=TvQaKtBotRc
Does anyone know how to say "bagholder" in German?
Sackhalter per Google translate
Are you sure that isn't the word for a DDD cup bra ??
No!!! this means nut holder!!!! Whoever has such huge nuts thathe needs one!
Funny thing about fools and evil bastards, the fools keep working for the bastards and the bastards need the fools to keep losing. What can be said? The charts are a graven image, right in everybodys face, and yet people will continue to BTFD, like a soldier digging a fox hole that ends up being their grave. Returns find everybody wanting a deeper hole. Pathetic. Insanity, eh, more to the point, it is just plain evil.
When America's Hegemony, is but, exposed, as the, 'Mighty Emperor without Clothes', so shall the darkest hours before dawn, foretell thy doom?
'and, all to soon,... there will naught, even be a glimpse of sanctuary
for thy thieves, having been stripped of darkness, no shadows to bare
whereas, the lowly church mouse, will alas find his wonting no more
once forsaken,... hidden only by the stench of feral's beast, stricken by glut
no where, ever to be sought against
as treachery has been laid so tarnished, that even the 'prince-of-darkness', makes haste'
Long, church mice!
Edit. Comment relocated. Mobile attempt at a "reply to" fail.
Look in the mirror - we are all the bag holders...not just the lemmings in Euroland
Gonna be a LONG HOT SUMMER...
I'm long bikinis.
a msaller union with a stronger eruo (1.56)
America foriegn policy
The chart is using Deuche Marks as an x or y axis. BS
Der Hahn ist tot.
The Big Picture Wile E. Coyote Equity Top.
http://www.zerohedge.com/news/2012-12-24/market-analysis
And prepare for a substantial USD rally.
Bailiff, shoot me.
I don't understand the terms "borrowing" and "debt" in correlation with fiat money.
How can you borrow nothing and then pay back the same amount of nothing plus a little more of nothing as interest.
The Vatican will save you - An economic policy that is ordered not only to the good of the group; indeed, not only to the good of a determinate state, but to the common good of the family of man, demands a maximum of ethical discipline and thus a maximum of religious strength.
Cardinal Joseph Ratzinger - Market Economy and Ethics, 1985.