• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

Google Trends Shows Why The Status Quo "Powers That Be" Should Be Scared. Very Scared

Tyler Durden's picture




 

The volume of searches for the phrase 'Bank Run' has just hit an all-time high - higher now than even during the peak of the Lehman Brothers 'moment'. While English dominates the language choices, the Europeans (Dutch, Germans, and French) are extremely 'interested' as are the Chinese...but it appears the Singaporeans are running the most scared (as we noted here) is perhaps not surprising, followed by the Irish and the Americans - with Germany a disappointing 10th - perhaps they really do not care as much as everyone's bluff-calling hopes. It seems the fears of real 'bank runs' are becoming virtually 'viral' - not a good sign for the stability of the fictional-reserve-banking-dependent status quo.

 

 

 

 

Source: Google Trends

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Thu, 05/24/2012 - 14:51 | 2459732 Gypsyducks
Gypsyducks's picture

Coming soon to a branch near you.

Thu, 05/24/2012 - 14:57 | 2459761 12ToothAssassin
12ToothAssassin's picture

Cant run on your branch if you keep deposits below $250.

Thu, 05/24/2012 - 15:21 | 2459869 Pladizow
Pladizow's picture

Starting with a domino 5 milimeters tall and increasing each successive domino by 150%, the 29th domino will be large enough to topple the Empire State Building!

Part 1 is the bank run, part 2 is to buy PM's.

Thu, 05/24/2012 - 15:26 | 2459901 DoChenRollingBearing
DoChenRollingBearing's picture

Bank runs: start early & often!

Thu, 05/24/2012 - 15:27 | 2459906 HarryM
HarryM's picture

3:30 smackdown in progress - fucking hysterical

Thu, 05/24/2012 - 15:31 | 2459916 THX 1178
THX 1178's picture

Everybody do your part.

 

http://www.google.com

Thu, 05/24/2012 - 15:38 | 2459946 whstlblwr
whstlblwr's picture

Where can I buy me some Eurobonds. Fuck QE, I want the Eurobond.

Thu, 05/24/2012 - 15:44 | 2459961 NotApplicable
NotApplicable's picture

Myself, I'm partial to "Beer runs."

http://www.google.com/trends/?q=%22beer+run%22&ctab=0&geo=all&date=all&s...

B -Double E -Double R - U N

Thu, 05/24/2012 - 16:07 | 2460028 Normalcy Bias
Normalcy Bias's picture

Well, personally speaking, that depends on whether or not said "Beer Runs" are of the 'pre' or 'post' party variety...

Thu, 05/24/2012 - 16:48 | 2460178 Dicite justitiam
Dicite justitiam's picture

My reaction to this thread:

If I was a disinformation agent of TPTB, how would I frustrate a bank run in progress?

I think my best ace in the hole would be to hijack the site and make reassuring posts as TD.

Something to think about: what is the expected disinformation campaign?  How will you corroborate information? 

Assuming MSM chokes crisis info during the critical period, how will you corroborate a bank run?  Social media?  Perhaps facebook will impose one-sided mirrors on personal content, so that it appears as though everything is normal--even though everyone thinks they are sending inquiries to each other--they just never arrive in the recipient's content.  I don't think they could pull it off, but who knows?

How about texting? 

How about time-outs at online banking websites?

I would expect black propaganda in a true bank run. 

I would expect to be too far downstream from settlement failures and frozen M0/M1 to effectively defend my own claims to M0/M1.  Given the current lack of accountability in the US to citizen claims of M0/M1, why should I expect my claim to be heard?  Given the level of fraud in the financial sector, I have no evidence that such a claim will find remedy.

The only thing keeping me from pulling M0/M1 is the lack of evidence that a bank run will occur.  That's pretty stupid.

Thu, 05/24/2012 - 20:38 | 2460877 BigJim
BigJim's picture

People would know there was a bank run because they would see queues forming outside banks when they went to work.

Unless TPTB shut down the telephone networks as well, there's no way they could keep it secret.

You're right, though, a media blackout would slow it down a lot.

Thu, 05/24/2012 - 20:58 | 2460930 Michael
Michael's picture

Here's a preview of bank runs gone wild.

Gold Just Went Over $2000, By Tonight That'll Cheap; Rollover-1981

http://www.youtube.com/watch?v=WI8dfFN7H1w

Fri, 05/25/2012 - 01:48 | 2461407 WhiskeyTangoFoxtrot
WhiskeyTangoFoxtrot's picture

I've figured you out! Government troll! You just got me to waste 2 hours watching Rollover (1981). Damn you!!!

Actually, as cheesy as it was, it's not that far fetched (aside from the Arab demonization - lord knows Bernanke is just as capable of being a soulless piece of shit). I enjoyed the film, but I lost out on a couple hours of research . . . . and now I'm suspicious . . . send my regards to the DHS. J/K, but I'm sure they're watching, so >>>


DHS & Other Agencies

Domestic Security

Fri, 05/25/2012 - 03:55 | 2461527 Harlequin001
Harlequin001's picture

Hehhehhehhehhe

That'll be an intercontinental ballistic bank run then...

Thu, 05/24/2012 - 23:22 | 2461181 palmereldritch
palmereldritch's picture

Well, these guys must feel especially twitchy

http://www.lbandt.com/

 

Thu, 05/24/2012 - 15:35 | 2459931 mammoth mo
mammoth mo's picture

Criminal

Thu, 05/24/2012 - 18:33 | 2460513 He_Who Carried ...
He_Who Carried The Sun's picture

TD stop the nonsense.

Here is the actual google ranking...

http://www.google.com/trends/hottrends

with 'allen iverson' or is that "Alien Invasion" at #2.

Btw, what does your graph show? 5.5 people looked up "bank run"?

Mymy, the end is nigh...! lol

What has become of this site?

Thu, 05/24/2012 - 19:41 | 2460739 Bring the Gold
Bring the Gold's picture

Appears its being searched for more than generic porn...by a factor of 6 so who knows what that means. Pretty sure ONE person is not the only one looking for the word porn. Who knows what their numbers represent

 

Porn:

http://www.google.com/trends/?q=porn&ctab=0 

 

vs Bank Run

 

http://www.google.com/trends/?q=bank+run&ctab=0&geo=all&date=all&sort=0

 

Thu, 05/24/2012 - 20:40 | 2460884 BigJim
BigJim's picture

Well spotted

Thu, 05/24/2012 - 21:02 | 2460936 Bringin It
Bringin It's picture

Traffic from Singapore and Michigan is off the scale.  Hmm, wonder why?  Michigan, OK, it's been collapsing for a long time.  I can imagine people in some parts there of, looking around at their local surroundings deteriorate, and as a result being inspired to querry about 'Bank Runs', but I don't think Singapore fits that demographic.

Do alot of these masking techniques, like TOR, wind up generating IP addresses that map to Singapore?

Thu, 05/24/2012 - 21:08 | 2460954 UP Forester
UP Forester's picture

Easy explanation of the Michigan stuff:  The 25K Fifth Third River Bank Run.

http://search.mlive.com/bank+run

Fact-checking is fun.

Thu, 05/24/2012 - 21:14 | 2460968 Bringin It
Bringin It's picture

Any thoughts on all the traffic from Singapore??

Thu, 05/24/2012 - 21:38 | 2461018 UP Forester
UP Forester's picture

Try looking at Q3 from Singapore's MOF FAQ page....

http://app.mof.gov.sg/reserves.aspx

Perhaps people are wondering just how much and where the gov's "investments" are, and how safe.

Thu, 05/24/2012 - 23:20 | 2461189 palmereldritch
palmereldritch's picture

Nice catch.  Plus one has to remember that zombies rarely run.

Maybe it will be a Bank Lurch instead...

Fri, 05/25/2012 - 00:42 | 2461338 NuckingFuts
NuckingFuts's picture

UWSP grad?  Me,'95.  fact cheching is fun.

Fri, 05/25/2012 - 00:56 | 2461357 UP Forester
UP Forester's picture

Nah, I went to Tech.  Fact czeching is fun, too.

Fri, 05/25/2012 - 01:49 | 2461411 NuckingFuts
NuckingFuts's picture

you certainly learned more about spelling but can you drink? :)

Fri, 05/25/2012 - 01:52 | 2461412 NuckingFuts
NuckingFuts's picture

dup, .... and BICHTEZ........ USA, USA!

Thu, 05/24/2012 - 22:58 | 2461152 taeonu
taeonu's picture

The main google trend page just shows what is trending at that specific time.  If you look at the trends over a specific time range, you get the info that TD presented here.

 

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

Fri, 05/25/2012 - 07:20 | 2461612 Taint Boil
Taint Boil's picture

 

 

Btw, what does your graph show? 5.5 people looked up "bank run"?

Do you really think ZH is that dumb???? Nice Tits.

7. How is the data scaled?

The data is scaled based on the average search traffic of the term you’ve entered.

There are two modes of scaling – relative and fixed – and the only difference between them is the time frame that’s used to calculate the average. However, fixed scaling is only available as a .csv export. Please note that the ability to see numbers on the graph and to export this data with either mode of scaling are available only after you’ve signed into your Google Account for Trends.

In relative mode, the data is scaled to the average search traffic for your term (represented as 1.0) during the time period you’ve selected. For example, if you entered the term dogs, the graph you’d see would be scaled to the average of all search traffic for dogs from January 2004 to present. But if you chose a specific time frame – say 2006 – the data would then appear relative to the average of all search traffic for dogs in 2006. Then, let’s suppose that you notice a spike in the graph to 3.5; this spike means that traffic is 3.5 times the average for 2006.

In fixed mode, the data is scaled to the average traffic for your term during a fixed point in time (usually January 2004). In our example, 1.0 would be the average traffic of dogs in January 2004. If you chose 2006 as your time frame, you would be comparing data for dogs in 2006 to its data in January 2004. Since the scale basis (1.0) doesn’t change with time, you can look at different time periods, and relate them to each other. (Note: For keywords without a historical record, it may not be possible to establish a fixed scale).

Thu, 05/24/2012 - 15:35 | 2459933 Brindle702
Brindle702's picture

Hey!  That's my voting strategy!

Thu, 05/24/2012 - 15:38 | 2459944 ZackLo
ZackLo's picture

http://www.lewrockwell.com/rothbard/rothbard163.html

Beautiful bankrun....No matter what. a dynamic system that is unsustainable will seek stability.

Thu, 05/24/2012 - 16:08 | 2459999 Pegasus Muse
Thu, 05/24/2012 - 17:35 | 2460337 The_Euro_Sucks
The_Euro_Sucks's picture

I do a bankrun every month after pay is in (Dutch here). Today for the first time ever, the machine was almost out of paper. As mr. Hugh Henry stated well, the one who panics first panics best. 

Thu, 05/24/2012 - 18:22 | 2460477 vast-dom
vast-dom's picture

bank runs are irrelevant since banks are no longer in the banking business; rather, they  are the instruments of central planning and vice-versa.

At recent levels of intervention we transact in trans-fractional fictional banking, ZIRP, central buy-backs and shadow books. Put even more simply: once upon a time there were interest rates on savings and consequent multiplier effects as function of said savings; today, it's an enitrely different story.....the markets float with few retail investors and banks function with few retail savers and even today there was a report that banks had record profits in 2012 so far.......TPTB aren't concerned. Too bad. I'm shorting the planet and SKYNET foils me almost everyday from 3pm till close. 

 

Tyler: keep repeating it and one day...one day....

Thu, 05/24/2012 - 19:43 | 2460749 Bring the Gold
Bring the Gold's picture

Sure an electronic bank run ie transferring funds from one bank to another, probably won't do anything. If folks start withdrawing physical cash, that would be different especially once/if word got out.

Thu, 05/24/2012 - 21:11 | 2460962 Bringin It
Bringin It's picture

So, in today's day and age, Greek banks, for instance, will be able to function, ie. keep up the facade, as they trend towards zero depositors' deposits??

Banking, what a gig ...

Germany will have plenty of work as the Euro cheapens.

Thu, 05/24/2012 - 23:37 | 2461222 palmereldritch
palmereldritch's picture

You have some great points.  If there is a run it will take an unsuspected form and cause previously unseen chaos.  It is no longer the 30's, case in point being those once obvious food lines now stealthily disguised as many regular Walmart shoppers.

If things get really nasty and the TPTB don't get their way they can always threaten to maintain a cancellation of the EBT cards at local Walmarts.

How's that for a widespread network of human misery reactors in meltdown-mode, embedded in communities scattered across the country.

And everyone thought Fukishima was bad.

Thu, 05/24/2012 - 18:40 | 2460573 New_Meat
New_Meat's picture

dcrb: saw u got junked.  must be a newbie.  glad ur still around. - ned

Thu, 05/24/2012 - 21:31 | 2461006 DoChenRollingBearing
DoChenRollingBearing's picture

A self-serving + 1!

Thanks, Ned!

Thu, 05/24/2012 - 22:21 | 2461102 Newsboy
Newsboy's picture

Run, Forrest, Run!

Thu, 05/24/2012 - 15:19 | 2459870 Xkwisetly Paneful
Xkwisetly Paneful's picture

Google trends wants QE to infinity. What am I missing besides the axis not being labelled accurately as usual?

Oh the notion that this represents pure data and isn't being gamed?

Well the one good thing is they won't have to sell gold to meet depositors demands.

Thu, 05/24/2012 - 15:20 | 2459881 mayhem_korner
mayhem_korner's picture

 

 

+1

I did my bank runs 18-24 months ago - 3 currencies in 2 locations, neither of which have tellers.

Thu, 05/24/2012 - 15:54 | 2459983 RiverRoad
RiverRoad's picture

US captains of industry are gettin' their Euros out while the gettin's good too.  Only question is where are they gonna put it?????

Thu, 05/24/2012 - 14:59 | 2459768 strannick
strannick's picture

Bank run + Interest Rate Swaps (JPM)=20,000$ Gold

Thu, 05/24/2012 - 15:01 | 2459789 Dr. Richard Head
Dr. Richard Head's picture

My sources tell me a bank holiday is coming as soon as Monday.

Thu, 05/24/2012 - 15:14 | 2459842 Paul Atreides
Paul Atreides's picture

This would be the weekend to do it, there isn't another western 3 day weekend holiday alignment other then Christmas and New Years.

Thu, 05/24/2012 - 15:22 | 2459876 Pladizow
Pladizow's picture

I've heard the same each of the last four memorial/labour day weekends!

Thu, 05/24/2012 - 15:20 | 2459882 azzhatter
azzhatter's picture

Labor day

Thu, 05/24/2012 - 16:14 | 2460063 Harbanger
Harbanger's picture

Date

Holiday Monday, January 2 New Year’s Day (Observed) Monday, January 16  Dr. Martin Luther King, Jr. Day Monday, February 20 Presidents’ Day Monday, May 28 Memorial Day Wednesday, July 4 Independence Day Monday, September 3 Labor Day Monday, October 8 Columbus Day Friday, November 12 Veterans’ Day (Observed) Thursday, November 22 Thanksgiving Day Tuesday, December 25 Christmas Day

 

There's 4 more 3 day weekends for banks in 2012

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