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Global Bailout Curiosity Soars

Tyler Durden's picture




 

If Greece, Ireland, Portugal and Spain can do it, why not everyone? Heck, why pay for anything, instead of just ramping up debts, until the consolidated debt load is so high the Fed has no choice but to bail everyone out? Of course, this is purely a thought experiment (for now... there are still 5 months in the presidential race). Still, we were curious to see if there is validation of this meme "out there" - and to do this we of course went straight to the source - Google's most recent addition in tracking public queries, Insights for Search, and looked up the term "bailout." We were not at all surprised to find the English-speaking world's curiosity in this particular synonym for a 'free lunch' (with other people's money) has exploded in the last few weeks.

The regions that appear to have the greatest interest in perpetual socialism:

  1. Ireland
  2. United States
  3. Singapore
  4. Canada, and 
  5. UK

Sounds about right: source

 

And further drilling down into just the US, while seeing DC in the top spot, and Michigan in third was quite normal, finding Montana, Oregon and the hedge-fund haven, Connecticut filling out the remainder of the Top 5 was a little disconcerting.

Just the United States- source

 

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Tue, 06/12/2012 - 15:37 | 2519131 mrktwtch2
mrktwtch2's picture

somehow i think a war gets started out of this global mess..hope that im wrong..

Tue, 06/12/2012 - 15:43 | 2519158 battle axe
battle axe's picture

The storm clouds are gathering, and it is going to get mighty ugly. This years  long  farce, is going to end in a lot of destruction and bloodshed. 

Tue, 06/12/2012 - 16:25 | 2519387 ZerOhead
ZerOhead's picture

Looks like Gooogle is predicting that "bank run" will become very popular again in May 2013...

http://www.google.com/insights/search/#q=bank%20run&cmpt=q

Tue, 06/12/2012 - 16:41 | 2519468 Leopold B. Scotch
Leopold B. Scotch's picture

Those are shit clouds, son.  It ain't gonna be perty.

Tue, 06/12/2012 - 16:43 | 2519465 Leopold B. Scotch
Leopold B. Scotch's picture

Leaked Memo: 

Time to hand out the innoculations to the chosen few. 

Time until the release of the virus: T-Minus 130 days and counting.

Tue, 06/12/2012 - 15:44 | 2519159 1835jackson
1835jackson's picture

You will not be wrong. Never let a good crisis go to waste. War is coming. This is the 1930's all over again except this time people have worthless homes and bits of plastic in their pockets called credit cards and they are maxed out.

Tue, 06/12/2012 - 15:44 | 2519160 DoChenRollingBearing
DoChenRollingBearing's picture

This lil ol study should be done in other languages too.

No to war!

Tue, 06/12/2012 - 15:46 | 2519167 JimRogers
JimRogers's picture

If you make it "bailouts" instead of "bailout" Google will predict future interest...

 

http://www.google.com/insights/search/#q=bailouts&cmpt=q

 

Spoiler: it goes up.

Tue, 06/12/2012 - 19:08 | 2519883 boogerbently
boogerbently's picture

Why should "healthy" countries amass horrible debt to bailout losers.

Just "forgive" THE DEBT, wipe the slate clean, restart from zero.

No WAR, or any other historically possible Armageddon scenarios necessary. 

 

Wed, 06/13/2012 - 05:31 | 2520689 SeattleBruce
SeattleBruce's picture

'Just "forgive" THE DEBT, wipe the slate clean, restart from zero.'

Easier said than done.  It must be done in an orderly fashion.  Here's one way to get it done.  Non-Debt based money.

http://economicedge.blogspot.com/2009/12/freedoms-vision-outline.html

Tue, 06/12/2012 - 15:46 | 2519175 Cursive
Cursive's picture

@mrktwtch2

As oppossed to the global war on terror that is currently ongoing?  We've had a century of war, more or less.  Spanish American War, WWI, WWII, Korea, Cold War, Vietnam, Iran/Contra, Reagan's little wars, Noriega/Panama, Gulf War I, Somalia, Bosnia, Gulf War II, Afganistan, global rendering points.  And those are just from the American point of view.

Tue, 06/12/2012 - 15:59 | 2519234 El Viejo
El Viejo's picture

If a banker can't be repaid his money he will demand his pound of flesh.

Tue, 06/12/2012 - 16:09 | 2519301 walküre
walküre's picture

Trouble is, we all know that it wasn't "his" money to begin with. He just created the money out of thin air.

So it was neither really there nor backed by anything.

Now come bankers and try to demand being paid back on the ficticious currency or worse yet, try and demand whatever we purchased from it.

Bankers made their money back multiple times already.

However, we can turn the table and tell the banker they can keep some of it if they "voluntarily" surrender most of it back to the treasury. If they don't comply, they can't keep any of it.

Sounds fair?

Tue, 06/12/2012 - 16:23 | 2519386 earleflorida
earleflorida's picture

 'Indeed, as Shylock beckons to Octon,... inferring, that the 'quality of mercy is not strained' upon ones own unfortunate usury?'

Tue, 06/12/2012 - 15:39 | 2519136 JPM Hater001
JPM Hater001's picture

ibailout coming soon to a list near you.

Tue, 06/12/2012 - 16:03 | 2519259 Dr. Richard Head
Dr. Richard Head's picture

Perhaps the people are catching on?  I would assume Snooki's boobs or some interation of that would still be a more popular search term though.

Tue, 06/12/2012 - 15:40 | 2519144 q99x2
q99x2's picture

That's what I say. Why pay for anything. Let the Rockefellers, Rothschilds and the Queenie from England pay some of that stolen cash back. Give it back you devils.

Tue, 06/12/2012 - 15:40 | 2519148 Grimbert
Grimbert's picture

Why's Singapore higher than the UK?

Tue, 06/12/2012 - 15:48 | 2519180 Chaffinch
Chaffinch's picture

Grimbert - good question - maybe because everyone here in the UK too busy watching crap on TV? MSM coverage in the UK tends to be very boring, more so because the MSM journalists (and I use that term loosely) don't really understand what is happening.

Tue, 06/12/2012 - 15:49 | 2519187 Unprepared
Unprepared's picture

Because the values are not absolute but are relative to the total searches. They reflect interest and not volume.

Tue, 06/12/2012 - 16:21 | 2519376 zrussell
zrussell's picture

In the UK it's: Boilout

Tue, 06/12/2012 - 22:17 | 2520203 CPL
CPL's picture

They like their PM investments.  Unlike the west, Asia has had no problems explaining the situation to crush the western competition.  Buy all the gold.  Buy all the copper.  Buy all the Oil.  They make most of the worlds electronics and need all three PM's to make that happen.  Prices will go up, everyone knows what the game plan is.  CTRL-P baby.

 

Since nothing is made in western hemisphere that gets overlooked.  Your suppliers are making sure they match the bailouts coming to get credit facilities online because their cost basis is going to increase.  By proxy so is every consumers end price on practically anything they purchase that is imported, which is practically anything with a chip, shrink wrapped or comes in a box with a gel pack.

World isn't absorbing the inflation anymore, it's getting handed back.  The manufacturing countries can't function with 80 + a barrel oil, so how do you deal with increased energy costs.  you pay peter, to pay paul, to pay Mary.  You throw the energy cost into the exported inflation which reenforces the PM market again feeding more energy into the inflation cycle.

Good times.

Tue, 06/12/2012 - 15:41 | 2519149 slow_roast
slow_roast's picture

Oregonians and Montans on their way to the gun shops now.

Tue, 06/12/2012 - 16:29 | 2519408 drink or die
drink or die's picture

Oregon is an interesting one (I live in Oregon).  The majority of the population is ultra-liberal douches in the Portland area, and I'm doubting they were the ones doing the searching. 

Tue, 06/12/2012 - 15:42 | 2519153 Cursive
Cursive's picture

Does anyone remember how hard it was to get state lotteries started only 20 years ago?  The horror at having Indian casinos opened?  Well, all of the cautionary tales and slippery slope analogies are metaphorically coming home to roost.

Tue, 06/12/2012 - 15:52 | 2519200 pods
pods's picture

I vividly remember the NC fight, as it was pretty recent.  Proponents said all the proceeds would go to schools.  Naysayers (like me) said that school budgets would get cut to equal the lottery inputs.

Low and behold...............

At least it is a voluntary tax?

pods

Tue, 06/12/2012 - 15:42 | 2519154 the 300000000th...
the 300000000th percent's picture

This is leading to war

Tue, 06/12/2012 - 15:45 | 2519164 subqtaneous
subqtaneous's picture

…and all of that for the sake of the Russell 2000.  just splendid.

somebody better start this f*cking revolution, and soon.

 

Tue, 06/12/2012 - 15:45 | 2519165 Calidreaming
Calidreaming's picture

Fuck this Market, Fuck Bernanke , Fuck Obama   they can go fuck themselves

Tue, 06/12/2012 - 15:46 | 2519174 RobotTrader
RobotTrader's picture

June puts are toast.

 

Bernanke burned the bears once again.

Tue, 06/12/2012 - 15:49 | 2519190 Dr. Engali
Dr. Engali's picture

That would bother me if I had June puts....but since I have precious metals instead I'm feeling pretty good right now.

Tue, 06/12/2012 - 15:51 | 2519193 Cursive
Cursive's picture

@RobotTrader

Who are these bears you speak of?  They were all killed off long ago.  That was Bernanke's big mistake.

Tue, 06/12/2012 - 15:52 | 2519204 disabledvet
disabledvet's picture

"look out above" as market collapse "due to Europe" proven to be total b.s. next stop "problem that China isn't."

Tue, 06/12/2012 - 19:12 | 2519889 boogerbently
boogerbently's picture

Don't be such a gloomy gus.

Sorry the world isn't ENDING soon enough for you Armageddon A-holes.

I made LOT'S of money from this recession. I was optimistic and in the game, NOT on the sidelines, waiting for the "double dip."

Tue, 06/12/2012 - 15:52 | 2519201 g3h
g3h's picture
Global Retardation Soars.
Tue, 06/12/2012 - 15:54 | 2519212 RobotTrader
RobotTrader's picture

There are millions of bears out there, trying to profit off the following:

 

"The End is Here"

"Global Systemic Meltdown Imminent"

"World Chaos" is upon us!

And assorted other "Gloom and Doom" headlines constantly featured on the web:

http://www.kingworldnews.com/kingworldnews/King_World_News.html

 

Tue, 06/12/2012 - 16:10 | 2519310 Bartanist
Bartanist's picture

I think that people who have been living in their isolated shells and are just now becoming aware do not realize is that the financial system has been broken since its inception and always will be broken.

Everything else is simply noise and manipulation.

Tue, 06/12/2012 - 16:37 | 2519410 walküre
walküre's picture

You're right about that. Many try and trade this market in hindsight. The pigmen are not crashing the market 2x when everyone is aware and positioned to potentially collect. Pigmen own and control the market and they're always winning.

But even pigmen need players, suckers, muppets to come along and buy the market.

Outflows are telling the true picture. Players, suckers and muppets are leaving the casino.

Not even the short squeeze delivers a significant and meaningful bounce.

Tue, 06/12/2012 - 16:31 | 2519417 Al Huxley
Al Huxley's picture

I suspect that's what's keeping the markets propped up - perpetual short squeeze.

Tue, 06/12/2012 - 19:13 | 2519892 boogerbently
boogerbently's picture

.....and they've been waiting since DOW 6500.

Rather than admit they missed the first leg up, they're willing to miss the rest, waiting for the 50% correction. LOL

Tue, 06/12/2012 - 15:58 | 2519229 Cruel Aid
Cruel Aid's picture

Till the Euro actually tanks hard on genuine breakup, the market will not.

Tue, 06/12/2012 - 16:07 | 2519283 Bartanist
Bartanist's picture

and once all of the currencies are destroyed, the savior currency will arrive from nowhere in particular (read BIS).

Tue, 06/12/2012 - 16:09 | 2519295 you enjoy myself
you enjoy myself's picture

err, is there any reason at all for the market to be up 15 today?  Ben has certainly created one hell of a moral hazard.  its at the point where i wonder if you can hold him civilly liable once the market actually drops for real.  

Tue, 06/12/2012 - 16:10 | 2519313 carbonmutant
carbonmutant's picture

I noticed that North Dakota has a complete lack of interest in Bailouts.

Is that because they have the country's only State Owned Bank or because North Dakota voters are deciding whether to abolish the state's property tax...

Tue, 06/12/2012 - 16:27 | 2519401 emersonreturn
emersonreturn's picture

carbonmutant, thank you for your past posts.  when i saw the chart i thought oil and gas may've contributed...

Tue, 06/12/2012 - 17:29 | 2519619 carbonmutant
carbonmutant's picture

Damn Emerson, Thanks for encouraging my behavior...

Tue, 06/12/2012 - 16:12 | 2519322 magpie
magpie's picture

x

Tue, 06/12/2012 - 16:16 | 2519356 zrussell
zrussell's picture

Come on! No one is going to show up for a war.

 

Each rival nation's population will be issued WAR-O-RAMA III on an iPhone App and, after a "global game" the winner sends the loser all their gold.  :)

Tue, 06/12/2012 - 16:18 | 2519364 you enjoy myself
you enjoy myself's picture

ahh, now i see - missed the end of day dovish comments from Evans.  he's open to more "stimlulus".  we're doomed.

Tue, 06/12/2012 - 16:28 | 2519402 WallowaMountainMan
WallowaMountainMan's picture

hey, watch what you're sayin!  we here in oregon aim to be more than just a 'little disconcerting'.

Tue, 06/12/2012 - 16:51 | 2519466 falak pema
falak pema's picture

Pax Americana world ? 

Ok! Your money, your exorbitant privilege, your global debt problem. Bail us all out as you own the global print machine and pronto!

Its a change from : our money, your problem ! 

BTW : the current libertarian model of Oligarchy supply side control was born in 1980 with Thatcherist-Reaganomics dictat. Before that, since 1945 onwards, we were in strict fiscal and monetary control upto 1971 and BW revocation. So for 25 years the world was used to capital and salary controls and high fiscal payments, both on corporate and private incomes.

So nothing new under the sun. Maybe its time for the world to move back to pre-Reagan/thatcher days. especially as the energy/RM conundrum is gong to make hyperconsumerism a dodo economic model. We need a whole new outlook that moves away from Pax Americana econo-politico-socio-financial-ecological parmaters. 

Global reset and cutural revolution bigtime making financial casino trading a game for swine. 

Tue, 06/12/2012 - 16:58 | 2519511 Satan
Satan's picture

The dichotomy paradox...bitchez.

Tue, 06/12/2012 - 17:42 | 2519670 potlatch
potlatch's picture

Allow me to pose a feeble, but true counterpoint to all this.  The patient zero face eatee, Robert Poppo, althought pretty nastily disfigured, still has one good eye, and can speak, and is going to -- in short -- recover.

 

So, take it for what it is worth, however:  Robert Poppo = 1, Zombies = 0

 

 

I'm long Poppo.

Tue, 06/12/2012 - 18:12 | 2519739 Poor Grogman
Poor Grogman's picture

 

This is the way the ponzi seems designed to work.

Bailouts are simply a way for the C/Bs to attain even more divine power through brute financial blackmail.

Bestowing success or failure on whichever of the global serfs (formerly sovereign states) they choose.

Obviously there must not be allowed to develop an alternative reality,where sovereigns simply tell the cartel to "get lost"

Hence we do not hear anything good about the future of other "Pariah Countries" such as Iceland nor other non Cartel countries such as certain middle east countries.

 

Who is like the creature and who can stand against it?....

 

Tue, 06/12/2012 - 18:21 | 2519770 TrainWreck1
TrainWreck1's picture

In the end, geographically isolated countries may fare the best: Iceland, Australia, New Zealand (not including Japan, because they are FUBAR, or more properly, FUkushimaBAR)

Everywhere else has a region that works their asses off, and contiguous regions that are party time. The latter always votes themselves more of the former's shit. And it always ends in war. Always, always, always.

 

Oh hell. Forgot Madagascar. oh well, they closed all their ports already anyway...

 

Tue, 06/12/2012 - 19:19 | 2519906 boogerbently
boogerbently's picture

For all the socially-relevant, politically-astute, conspiracy theorists, here....I don't hear much talk about Fukashima.

100 MILLION TONS of debris casually floats across the Pacific to Oregon/Alaska......but we are radiation free???

I'm much more worried about that than Greece or Jamie Dimon.

Tue, 06/12/2012 - 20:03 | 2519987 Krypter
Krypter's picture

There are more than 1 million foreigners in Singapore. They probably would have searched the word bailout. 60% of the citizens voted for the PAP. These are the same people who thought the British will protect them during World War 2. Guess what British women and children were the first to leave and the Japanese came.

Wed, 06/13/2012 - 00:14 | 2520418 luckylongshot
luckylongshot's picture

What is even more interesting is where the money for the bailouts comes from. Apparently the Spanish bailout is to be paid by the ESM which is as yet only ratified by 3 countries so does not even exist.

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