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Here Is Why The Dow Just Passed 13,000

Tyler Durden's picture


Wondering why the DJIA just passed 13K again? Wonder no more: as the chart below shows it is entirely due to the nearly $7 trillion pumped by global central banks into the world stock markets just in the past 4 years. As Sean Corrigan from Diapason notes, the aggregate global central bank balance sheet has doubled in four years, after doubling in the 5 years before that. We would add that with the entire centrally planned ponzi scheme hell bent on preserving the illusion of nominal gains, global liquidity is now fungibly sloshing from one market to another with absolutely zero resistance whatsoever. At this rate, it should double again in 3 years, then 2, and so on. Will the Dow hit 52K in 5 years in that case? Why most certainly. Just ask any remaining citizens of the Weimar Republic. They know all too well about exponential stock market rises. They also know absolutely everything about the self-delusion that comes with chasing NOMINAL numbers. Oh, and before we forget, expressed in spot gold price, the central bank aggregate tally has moved from being the equivalent of 10 billion oz of gold, to just 8 billion. Guess what is 20% underpriced.


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Tue, 02/21/2012 - 12:40 | 2181196 GenX Investor
GenX Investor's picture

This just in from CNBC... Aren't you worried you're missing out here? Folks... 13K, you all ought to get in on this...  Anyone... Bueller...

Tue, 02/21/2012 - 12:42 | 2181211 Pladizow
Pladizow's picture

When Hemingway was asked how you go broke, he answerd - "In two ways: gradually, then suddenly."

Tue, 02/21/2012 - 12:42 | 2181215 Turd Ferguson
Turd Ferguson's picture

It's at least 20%...

Tue, 02/21/2012 - 12:47 | 2181243 tmosley
tmosley's picture

What's 20% of infinite again?

Tue, 02/21/2012 - 12:54 | 2181264 NotApplicable
NotApplicable's picture

Transitory math.

In other news, somebody's managed to sweep 2B oz. of gold out of the CBs. Not bad work, if you can get it. (well, assuming it's not tungsten)

Tue, 02/21/2012 - 12:56 | 2181276 mrgneiss
mrgneiss's picture

Speaking of CB's, anyone notice the recent flurry of bankster and CB persona resignations?

Tue, 02/21/2012 - 13:02 | 2181296 clones2
clones2's picture

Doesn't really matter if that is the cause.  The only thing Central Banks can do at this point is continue to PRINT!!!  They have to...  They will continue to print, and markets will continue to inflate and rise... 

The "old rules" of valuation and fundamentals don't apply any more.

Tough for bonds to go much lower...  This "money" has to go somewhere.

Tue, 02/21/2012 - 13:10 | 2181327 Badabing
Badabing's picture

Inflation is responsible for all our problems. We’re running on a treadmill that’s set to fast. OK I understand that as GDP expands the money supply needs to be adjusted or we experience deflation but give me a fucking break! The fat cats that have their hands on the monetary throttle have been using our livelihood to bail out their bad bets. My dad raised a family of eight on manual labor job and as inflation ate away at the value of the dollar my mom eventually had to get a job to make ends meet. Its inflation that doubled the work force while all the jobs got outsourced! What the fuck gives them the right to inflate the money we use to save. The Euro wasn’t my one world order idea! That pipe dream was created as a counterfeit union with the big banks juggling the paperwork for the PIIGS so they could falsely join. Sounds like a setup by the big banks to destroy the Euro’ So the answer is inflating away the dept, without increasing wages? Sure I understand, TPTB want their evil doings that didn’t work to come out of our ass! They will never let Greece go

Tue, 02/21/2012 - 13:13 | 2181342 LongBalls
LongBalls's picture

It no longer matters WTH is going on. Make money from it. Play the ponzi game with stocks and keep stacking. We can't fight this magic trick. We must play along and try to profit/protect ourselves from the end result.

Tue, 02/21/2012 - 14:08 | 2181507 DCFusor
DCFusor's picture

LB, yup, it's workin for me, but it's a lot of work...thinking about an honest job again, frankly.

Tue, 02/21/2012 - 14:41 | 2181592 silverbullion
silverbullion's picture

To hell with all forms of fiat.

Tue, 02/21/2012 - 14:45 | 2181601 Manthong
Manthong's picture

13 is a lucky number.

Isn't it?

Tue, 02/21/2012 - 15:30 | 2181765 tocointhephrase
tocointhephrase's picture

Being a Jew (not a Zionist!) yeah itz a great number, 13 moons and all that!

Tue, 02/21/2012 - 13:20 | 2181365 Ghordius
Ghordius's picture

badabing, without the euro we would now have a huge speculation field in the eurozone currencies, with the northern ones so overvalued to throttle all trade and the southern ones so undervalued to kill all trade, too... witness the Swiss and the Greeks

yes, there is a lot of anger without a punching ball - but short of waiting until we pass from a Fiat Reserve Currency System that we have since 1971 to something else, there is little option. ok, we could in theory just use the USD, yes, but this would ruffle many national feathers...

buy gold if you want to save and wait - and don't believe this euro-one-world-order idiocy from the US, it's all propaganda

Tue, 02/21/2012 - 14:01 | 2181483 Papasmurf
Papasmurf's picture

You will never get ahead working to feed bankers.  So long as rampant theft is allowed to continue, the money supply increase must exceed the rate of stealing.

Tue, 02/21/2012 - 14:36 | 2181577 Bansters-in-my-...
Bansters-in-my- feces's picture

Thanks for the link mrgneiss about the Bankster rats jumping ship.

Very interesting.

For some reason my National Radio station has not mentioned this yet.

I'm sure they will though......Sarc/

Tue, 02/21/2012 - 15:28 | 2181756 tocointhephrase
tocointhephrase's picture


Tue, 02/21/2012 - 19:43 | 2182687 Common_Cents22
Common_Cents22's picture

20% of infinity?    why, the bonus of the financial elite and sledge funds.

Tue, 02/21/2012 - 13:11 | 2181335 Shocker
Shocker's picture

I remember back in 2010 Mar Faber was talking how the Dow could surpass 20,000 but with no recovery.

This is basically the same thing.

No Recovery, pretty simple clear -

The idea that the Dow shows the health of the economy is, well an old myth.

Tue, 02/21/2012 - 12:43 | 2181218 nope-1004
nope-1004's picture



Tue, 02/21/2012 - 12:50 | 2181253 Don Birnam
Don Birnam's picture

"Okay, Sweathogs. For extra credit: why did the Dow just hit thirteen thousand ?"

"Ooo ! Ooo ! Mister Kotter ! Mister Kotter ! Because Melissa Lee is wearing her lucky red dress ? Makes as much sense as anything else !"

Tue, 02/21/2012 - 13:10 | 2181332 Convolved Man
Convolved Man's picture

Because is comes before 14000?


Tue, 02/21/2012 - 13:54 | 2181379 Don Birnam
Don Birnam's picture

"Vinny -- I'm impressed. You and LaVorgna have a career ahead of you at D-Bank, Barbarino !"

Tue, 02/21/2012 - 14:51 | 2181613 Convolved Man
Convolved Man's picture

Vinnie:  What? Where?

Freddie:  Hey, Mr. Kot-tair, it's V-I-N-N-I-E.

Tue, 02/21/2012 - 12:58 | 2181284 LongSoupLine
LongSoupLine's picture



(screaming with foam from mouth) - "I just sold all my gold, silver, children and copper water piping in my house and am long any and all internet stocks...13,000!!! WOOHOO!!"

Tue, 02/21/2012 - 13:04 | 2181309 covsire
covsire's picture

Would now be a good time to rack up as much debt at near 0% as possible?

Wed, 02/29/2012 - 00:22 | 2181448 Vagabond
Vagabond's picture

Seriously... I'm wondering the same.

Tue, 02/21/2012 - 13:08 | 2181320 Esculent 69
Esculent 69's picture

The only way to protect yourself is with silver bullets.  How the hell else you gonna kill vampires when the come to suck you dry

Tue, 02/21/2012 - 13:18 | 2181361 orangedrinkandchips
orangedrinkandchips's picture



"when the music's over...TURN OUT THE LIGHTS!"

Tue, 02/21/2012 - 13:30 | 2181398 SheepDog-One
SheepDog-One's picture

So the bankers are more rich in fantasyland....hey whatever! Good luck to everyone else who isnt a central bankster though, $5 gas is a bitch when youre broke.

Tue, 02/21/2012 - 22:30 | 2181568 cranky-old-geezer
cranky-old-geezer's picture



Folks... 13K, you all ought to get in on this...

i've been hammering away on this theme in many of my comments.  USD has lost 1/3 of it's value since 2008, 40% since 2007.

2007 14,000 high would be 23,300 in today's devalued dollars. 

13,000 is 55.8% of the 2007 high.  So it's still down 44%.

I understand stock traders don't like hearing this.   They wana believe they're making money again. 

But they're still way below where they were in 2007, and have a long way to go just to break even.


Tue, 02/21/2012 - 12:40 | 2181205 EscapeKey
EscapeKey's picture

No, you're wrong; it's got something to do with "Greek debt hopes".

At least if you smoke Marketwatch hopium.

Tue, 02/21/2012 - 12:40 | 2181206 BeetleBailey
BeetleBailey's picture

Just.....moved my stops up.......I trust this market as much as a hungry wolf with a open hen house door....

Tue, 02/21/2012 - 12:49 | 2181249 HelluvaEngineer
HelluvaEngineer's picture

Do those stops work at 6:00 AM?

Tue, 02/21/2012 - 12:40 | 2181208 PrintingPress
PrintingPress's picture

Printer ink is definately under priced!

Tue, 02/21/2012 - 12:57 | 2181282 resurger
resurger's picture

So ze Xerox Printers.


Let's make a deal

Tue, 02/21/2012 - 12:41 | 2181210 mc_LDN
mc_LDN's picture

So does this means every Central Bank in the world is locking its populations into an almighty death roll? Is there any return? Are they crashing all of us on purpose?

Tue, 02/21/2012 - 12:43 | 2181223 LawsofPhysics
LawsofPhysics's picture

yes. same as it ever was.  Wake me up when the jubilee starts.

Tue, 02/21/2012 - 12:42 | 2181213 Internet Tough Guy
Internet Tough Guy's picture

Weimerica marches on.

Tue, 02/21/2012 - 12:42 | 2181214 The Big Ching-aso
The Big Ching-aso's picture



Dow spelled backwards is Wod.   Wad.    Whatever.

Tue, 02/21/2012 - 15:32 | 2181780 victor82
victor82's picture

Please. Let us not disrespect the memory of the great John Holmes by mixing his nickname with that of Ponzi banksters.

Tue, 02/21/2012 - 12:42 | 2181217 LawsofPhysics
LawsofPhysics's picture

exponential equations are a bitch.

Tue, 02/21/2012 - 12:43 | 2181219 A Lunatic
A Lunatic's picture

Looks like we're gonna have to kill Osama Bin Laden again real soon.

Tue, 02/21/2012 - 12:43 | 2181220 GeneMarchbanks
GeneMarchbanks's picture


Tue, 02/21/2012 - 12:50 | 2181252 baby_BLYTHE
baby_BLYTHE's picture

gold knows what's up

Tue, 02/21/2012 - 12:51 | 2181261 swanpoint
swanpoint's picture

There it is again, 9MM+P

Tue, 02/21/2012 - 12:43 | 2181221 Seasmoke
Seasmoke's picture

you all can have your gold.......i am sticking with and stacking silver forever

Tue, 02/21/2012 - 14:48 | 2181608 silverbullion
silverbullion's picture

Give That Man A Bells!

Tue, 02/21/2012 - 12:43 | 2181224 ZeroChance
ZeroChance's picture

But, it seems so peaceful out there.  Things are improving and stuff... no?

Tue, 02/21/2012 - 12:44 | 2181226 Scotch-n-Soda
Scotch-n-Soda's picture

I heard maria Bartiromo is going to flash her hooters today in support of Fat Tuesday and the fact that the DOW has passed 13K.

Tue, 02/21/2012 - 12:48 | 2181246 bigdumbnugly
bigdumbnugly's picture

 ok.  that'll get me to tune in.

but if she doesn't i'm holding you responsible for jack's bitter disappointment.

Tue, 02/21/2012 - 13:04 | 2181307 Shizzmoney
Shizzmoney's picture

I bet she gives great head with those lips.

I mean, how ELSE did she get that job?

Tue, 02/21/2012 - 15:33 | 2181785 victor82
victor82's picture

Can someone page Ron Jeremy?

Tue, 02/21/2012 - 12:44 | 2181230 longdong silver
longdong silver's picture

Based on the chart, Gold is horibly under priced..

but, we already knew that.

Tue, 02/21/2012 - 12:49 | 2181248 drink or die
drink or die's picture

Anyone catch Cramer on GMA this morning?  Made me want to throw my dog through the TV.

Tue, 02/21/2012 - 12:50 | 2181258 NotApplicable
NotApplicable's picture

Your dog would likely appreciate the interruption.

Tue, 02/21/2012 - 15:34 | 2181794 victor82
victor82's picture

Calm down, Governor Romney.

Tue, 02/21/2012 - 12:49 | 2181250 Trader47
Trader47's picture

DJIA just passed 13K again? I think we been here before, same shit different day/month/year

Dow : Gold 1:1 soon


One Gold Coin a Day keeps the Bankers away

Tue, 02/21/2012 - 12:57 | 2181281 Seasmoke
Seasmoke's picture

$1750 a day is not an easy thig to do........$34 a day however , very easy to do

Tue, 02/21/2012 - 12:49 | 2181251 NotApplicable
NotApplicable's picture

Even more sickening is when you realize that all of this new money goes right to the banksters and the other crony-capitalists seeking rent, such as all of those "patriotic" defense contractors. Then they use it to claim title to all real property as the previous holders fail in maintaining enough liquidity to service the debt while paying for such luxuries as food.

Meanwhile, gas only went up a nickel today... so far.

Tue, 02/21/2012 - 13:07 | 2181306 dwdollar
dwdollar's picture


And let's not forget their enforcers in DC, the city which seems to be growing faster than any developing economy abroad...

Tue, 02/21/2012 - 13:39 | 2181423 BoNeSxxx
BoNeSxxx's picture

DING... DING... DING... We have a winner.

The Cash Cow is stabled in DC.  The ponzi must be protected. As ZH pointed out yesterday, the finacial return on campaign contributions is OUTSTANDING.

And, see here:

10 of the nation's 15 wealthiest counties are outside DC.  Coincidence? /rhetorical

Tue, 02/21/2012 - 14:22 | 2181540 Zymurguy
Zymurguy's picture

The first border fence we put up should be around DC, then we'll worry about Mexico!

Tue, 02/21/2012 - 13:17 | 2181339 Shizzmoney
Shizzmoney's picture

"Food as a luxury" lolz

I can see it now,

"Next week on 'Lifestyles of the Rich and Famous 2020', hosted by Ryan Seacrest: Ryan heads on over to his pal Kim Kardashian's house to check out her gold plated Water Cooler, and then sees Jaime Dimon eating "old school" with a delicious Cheeseburger!"

BTW, average incomes for VA/MD districts that surround DC - $103K.  Most are in the cybersecurity/counter intelligence business.

Yet they are laying off postal workers.

Yeah, the government's not corrupt.

Tue, 02/21/2012 - 12:50 | 2181256 Whoa Dammit
Whoa Dammit's picture

So what are the central banks going to do with all of their stock? Nothing benign I am sure. Keep in mind that PBOC is the leader of the pack in this stock grab.

Tue, 02/21/2012 - 12:51 | 2181259 teaconomist
teaconomist's picture

Uncle Ben says inflation is under control. Check out all the freshly printed money chasing the dow (not to mention food and energy). Just sayin'...

Tue, 02/21/2012 - 14:04 | 2181486 citta vritti
citta vritti's picture

so, now we know: Uncle Ben's rise - it's what's for dinner

Tue, 02/21/2012 - 12:51 | 2181260 bobola
bobola's picture

Speaking of numbers, the Baltic Dry Index and the 1 year Greek bond yield are getting ever closer;  715 / 652

Intersection point may be just under 700.........


Tue, 02/21/2012 - 12:51 | 2181262 resurger
resurger's picture

Breaking News

The Sheeple hails Ronald Regan & Gordon Gekko

"Greed is Good"


Tue, 02/21/2012 - 12:52 | 2181266 Convolved Man
Convolved Man's picture

All that glitters is babble-licious.

-The Bernank Chants (Barbaric Coda)

Tue, 02/21/2012 - 12:54 | 2181269 cameldojo
cameldojo's picture

Why do I feel like I'm watching the titanic on basic cable with all the commercials while strapped in my chair?

Tue, 02/21/2012 - 12:56 | 2181274 swanpoint
swanpoint's picture

That giant ripping sound is my Jan '13 SLV $50, GLD $200 call options.. my Candian Silver and Gold Maples are making no sound all inside my 700 lbs safe next to Mr Mossy his 100 bandoleired little friends.

Tue, 02/21/2012 - 13:12 | 2181338 squidward
squidward's picture

OPSEC? It keeps Mr. Mossy hidden in a vault no one knows about.

Tue, 02/21/2012 - 12:59 | 2181288 taniquetil
taniquetil's picture

Don't let the bears fool you, this market is extremely bullish right now. Dow will be at 100,000 by June.

Tue, 02/21/2012 - 13:03 | 2181302 BlackSea
BlackSea's picture

At least. And bread $500/loaf

Tue, 02/21/2012 - 13:16 | 2181351 VelvetHog
VelvetHog's picture

How much are circuses?

Tue, 02/21/2012 - 13:26 | 2181385 BlackSea
BlackSea's picture

[ ] with clowns

[ ] with monkeys

[ ] contortionists only

Tue, 02/21/2012 - 14:22 | 2181539 Papasmurf
Papasmurf's picture

Jim Cramer is all three rolled into one.

Tue, 02/21/2012 - 13:02 | 2181297 Shizzmoney
Shizzmoney's picture

Awesome news!  When are we going to get a raise?

Wait, my taxes got raised.


Tue, 02/21/2012 - 13:04 | 2181308 BlackSea
BlackSea's picture

You get a 5% raise for every 50% debasement in the purchasing power of the dollar. Ok?

Tue, 02/21/2012 - 13:02 | 2181301 KnowIDontKnow
KnowIDontKnow's picture

Can someone explain how this means gold is 20% underpriced?  If the aggregate CB balance sheets used to be equivalent to 10 billion ounces of gold and now are equivalent to just 8 billion ounces of gold... doesn't that imply that gold is overpriced by 25%?

For the record, I'm not saying gold is in fact overpriced - I'm just not following the argument presented here.

Tue, 02/21/2012 - 13:05 | 2181312 BlackSea
BlackSea's picture

Don't let math and logic get in the way of a good story.

Tue, 02/21/2012 - 13:18 | 2181358 ParkAveFlasher
ParkAveFlasher's picture

Don't let an equal sign deter either of you from understanding that the price of gold per oz is a metric for valuing all other assets, for leasing and loaning, that's the implicit assumption Tyler makes.  Gold does not float on paper.  Repeat.  Gold does not float on paper.   

Tue, 02/21/2012 - 13:28 | 2181394 BlackSea
BlackSea's picture

Easy there tiger. Your gold price today has nothing to do with physical. Neither has the man's question affected gold's dignity. It was just nit-picking for God's sake. Relax!

Tue, 02/21/2012 - 15:18 | 2181710 ParkAveFlasher
ParkAveFlasher's picture

It's not a nit pick.  I somewhat agree in that the fizz and the spot price have 500,000 invisible flywheels operating along the belts that join them.

I say it's not a nit pick because gold is not an asset that anyone could write down the price of on a balance sheet without very conspicuously admitting market manipulation, which is what CBs have been loathe to do.  CFTC "investigation" into silver in its fourth year.  THey will not even whiff of a suggestion of admission until they are ready to ignite the solid fuel boosters on the price, and that's only after they've sucked the inflation teets dry. 

Tue, 02/21/2012 - 15:23 | 2181732 ParkAveFlasher
ParkAveFlasher's picture

And, you relax yourself TIGER CUB.  There's a beaver by a lake who adorns his lodge with the ingots I fumbled into said lake years ago.  It's very important to the beaver, that the beaver understands which way the price will go and precisely why.  Whole generations of beavers - and by reading this blog, there are many beavers finding many shiny objects on lake bottoms around this great land - depend on correctly appraising the situation. 

+25% vs -25% is hardly a nit pick.  If the man stands behind his math maybe he should defend it.

Tue, 02/21/2012 - 14:06 | 2181438 KnowIDontKnow
KnowIDontKnow's picture

If we are pricing things in gold and not dollars/fiat currencies, then the implication is that central banks have in fact contracted their balance sheets by 20% (priced in gold) since 1999, and need to expand them by another 25% to keep up.

But wouldn't a further expansion of the balance sheet just lead to an increase in the fiat price of gold (or, if you insist, a decrease in the value of fiat currency measured in gold), meaning that even more balance sheet expansion would be necessary to maintain balance sheets steady relative to 1999?

Which brings up another question - why is 1999 the reference year?  The economy was hardly stable or healthy then, either.

Just sayin.

Tue, 02/21/2012 - 17:00 | 2182172 malek
malek's picture

If you assume the balance sheet quality to be unchanged, that would be correct.

Tue, 02/21/2012 - 13:05 | 2181311 user2011
user2011's picture

Wait... I don't get it.   It's been all along saying HFT pushing the market up and squeeze the shit out of the shorts.  Now, it is saying CB buying the market up.  What is the real deal ?  

Is the market volume getting thinner and thinner ?   If so, CB's are  still buying ?   I thought no one is buying, it is only the robot working hard right now.



Tue, 02/21/2012 - 13:08 | 2181319 BlackSea
BlackSea's picture

How about CB providing copious "almost-free" money fueling the overnight lending needed for leverage so HFT can do their best. Does that make sense to you?

Tue, 02/21/2012 - 13:07 | 2181316 silverbullion
silverbullion's picture

I love silver.

Tue, 02/21/2012 - 13:09 | 2181324 BlackSea
BlackSea's picture

Does silver know?

Tue, 02/21/2012 - 13:31 | 2181375 silverbullion
silverbullion's picture

LOL We don't talk much... so I suppose it will remain a mystery.

Tue, 02/21/2012 - 13:36 | 2181420 BlackSea
BlackSea's picture

I hope you're not thinking of kidnapping and hiding silver in a dark spot either, right? Or worse, buying and enslaving silver?

Tue, 02/21/2012 - 13:43 | 2181439 silverbullion
silverbullion's picture

LOL I don't have a black heart BlackSea.

Tue, 02/21/2012 - 13:54 | 2181461 BlackSea
BlackSea's picture

Touche monsieur. Although it's Sea not Heart and it should be gold not black.

Tue, 02/21/2012 - 14:23 | 2181518 silverbullion
silverbullion's picture

LOL I Sea clearly now.

Tue, 02/21/2012 - 13:09 | 2181326 Trader47
Trader47's picture

OK --1750 A MONTH, 34 a day,, agreed

Bought Gold $ 300 in  2004, Silver $5, not long to go before I retire to Punta Del Este, or Algarve,( when they bring Escudos Back)

Tue, 02/21/2012 - 13:13 | 2181340 whoisjohngalt11
whoisjohngalt11's picture

so why am i being cesnsored on here ???

Tue, 02/21/2012 - 14:32 | 2181571 silverbullion
silverbullion's picture

I believe you are censoring yourself.

Tue, 02/21/2012 - 15:32 | 2181778 whoisjohngalt11
whoisjohngalt11's picture

oh ok, couldn't find my Icon ..:-)

Tue, 02/21/2012 - 13:14 | 2181343 TradingJoe
TradingJoe's picture

Algos playing ping pong! Get sucked in and you re DEAD! (got phyzz?)?

Tue, 02/21/2012 - 13:16 | 2181352 Monedas
Monedas's picture

CNBC licks government hole !

Tue, 02/21/2012 - 13:17 | 2181357 Moneyswirth
Moneyswirth's picture

Last time this happened was May 2008, unemployment was around 5% and the media propagandists were talking about how afwul the economy was because of Bush, and how the rise in the Dow only benefited greedy capitalist pigs.


Tue, 02/21/2012 - 13:34 | 2181414 SheepDog-One
SheepDog-One's picture

Exactly! Now this time, the greedy insane banker pigs are the national heros!

We'll see how everyone feels when gas spikes to $5.50 one morning soon.

This is all just a cheezy Chris Angel illusion show to keeps the morons placated....wont last long at all.

Tue, 02/21/2012 - 13:20 | 2181366 surf0766
surf0766's picture

And there goes my 60 year old neighbor walking around waiting for me to come out of my house so he can tell me everything is fixed and I was wrong. I am so glad he can continue golfing 3 times a week so I can pay for the greed of his generation.

Tue, 02/21/2012 - 13:31 | 2181401 BlackSea
BlackSea's picture


You're going to have a nice cheap set of golf clubs when the SHTF and he has to sell them to buy food. Remind him that everything is fixed at that time.

Tue, 02/21/2012 - 13:32 | 2181386 BlackholeDivestment
BlackholeDivestment's picture

...that chart, and the proven historic reality of it, defines the image of the currency beast and the mark of debt upon labor, which is realized when the beast become the consumer, err is it unbecoming the consumer? LMAO

Who would buy sell or trade this fallen market?

Who the hell would continue to provide labor for a BLACK HOLE? 



 ...and on and on and on.

Tue, 02/21/2012 - 13:28 | 2181395 Offtheradar
Offtheradar's picture

We are unlike Europeans in that instead of rioting in the streets, we'll just sit home on the couch and say fuck it!

Tue, 02/21/2012 - 13:33 | 2181410 BlackSea
BlackSea's picture

We are last. Why should we complain, what austerity have we had here? We're not even close to where europeans are right now in terms of being pissed off.

Tue, 02/21/2012 - 13:36 | 2181421 SheepDog-One
SheepDog-One's picture

We'll see what happens when gas pops over $5 avg one morning soon.

But yea, for now I am saying 'fuck it', Ive been seeing this coming forever and am prepared, best I can be anyway. Let the moron consumersheeple take as many bullets as possible.

Tue, 02/21/2012 - 13:46 | 2181443 BlackholeDivestment
BlackholeDivestment's picture

Offtheradar, the people that are on the couch are doing fine. It's the people that are dumb enough to go work for the beast; this offer of temptation from the Suicide Vampire Squid of the Great Wal Mart of China and Chairsatan saying ''accept the mark of the beast and you shall not surely perish'', then the fools come back to their kick me in the Fannie Mae cage and sit their dusty asses in some chair made in china. The morons turn on the ''program'' and cheer DOW 13000. UNBELIEVABLE!!! At least the ones that never get up and go to work for this pile of shit may have a clue but, they are certainly not actively sacrificing children upon the alter of this pathetic new world order beast.

Tue, 02/21/2012 - 13:41 | 2181433 AL_SWEARENGEN

The dow went from 7000 back in early 2009 to 13000 in early 2012.  That's almost double in four years!  Because our economy is sooo healthy right?? MSM bitchez are orgasming all over eachother over this when in fact they should be warning that anyone not diversfed out of this ponzi market is about to get dumped on.  

Tue, 02/21/2012 - 13:55 | 2181464 TradingJoe
TradingJoe's picture

Some red head BAC Bitch just saying on BloomMountain "don't go short this market right now, so many more in cash on the side lines..." , well HONEY there is a reason for that pile of cash, eh!

Tue, 02/21/2012 - 14:19 | 2181536 Zymurguy
Zymurguy's picture

The true economy doesn't improve w/ crude over $85/bbl

Tue, 02/21/2012 - 14:24 | 2181542 Bansters-in-my-...
Bansters-in-my- feces's picture

It's not the gold is underpriced as the article states.

Gold is "controlled" by the manipulators.

The USA Sec Tres. has an account called the Exchange Stabilization Fund (ESF)

This fund is largely used to manipulate gold prices lower.

Your goverment not only steals your fiat currency through inflation,they also do not fully allow you to protect your savings in gold and silve either.

You want a good read,learn about the USA Exchnge Stabilization Fund.

Go to their Gov site and go into the books for the ESF ,and International Foriegn Reserves.

Ps...Fuck You Timmy you fucking little weasel.

Tue, 02/21/2012 - 14:27 | 2181559 Schmuck Raker
Schmuck Raker's picture


When you see headlines like the one below you KNOW it's all over for Bulls:


"Ben Bernanke: Washington's Quiet Hero"

[No link provided. You are welcome.]

Tue, 02/21/2012 - 14:36 | 2181578 Papasmurf
Papasmurf's picture

DOW up, S&P up, Gold up, gasoline up. 

It can only mean one thing.  New money was born into existance from thin air. 

Tue, 02/21/2012 - 15:46 | 2181857 Precious
Precious's picture

What's that shit called they inject into clinically dead people to try to get their heart beating again?  

Tue, 02/21/2012 - 16:23 | 2181997 Hobbleknee
Hobbleknee's picture


Tue, 02/21/2012 - 16:36 | 2182058 jack stephan
jack stephan's picture

I can't even be serious anymore, you can
Suggest not to juggle chainsaws......But no one listens

Sergeant Hulka: Okay, Mr. Push-ups, let's hear your story.
John Winger: Chicks dig me, because I rarely wear underwear and when I do it's usually something unusual. But now I know why I have always lost women to guys like you. I mean, it's not just the uniform. It's the stories that you tell. So much fun and imagination.
[points to the soldier next to him]
John Winger: Lee Harvey, you are a madman. When you stole that cow, and your friend tried to make it with the cow. I want to party with you, cowboy. If the two of us together, forget it.

Take care zh all this euphoria is hitting hyper speed daily at least from now on. Uh oh

Tue, 02/21/2012 - 16:40 | 2182059 jack stephan
jack stephan's picture

Today was too damn stupid to watch sooo eager no recent memory kicks in whatsoever.

Tue, 02/21/2012 - 17:26 | 2182309 stika
stika's picture

If we are pricing things in gold and not dollars/fiat currencies, then the implication is that central banks have in fact contracted their balance sheets by 20% (priced in gold) since 1999, and need to expand them by another 25% to keep up.


TOTALLY CORRECT!! Also considering something like 5 BILLION ounces of gold in the world, given or taken, gold needs to appreciate another 60% just to match the central banks' aggregate tally, under the assumption this last number remains now stable... which is totally absurd... LOL

Tue, 02/21/2012 - 17:37 | 2182355 stika
stika's picture

not 60%; sorry, 37%, ie 3/8.

Tue, 02/21/2012 - 21:03 | 2182969 TruthDetector
TruthDetector's picture

Do you REALLY wonder WTF is going on? "The Trust" has arrived...

Wed, 02/22/2012 - 16:48 | 2186240 WhiteNight123129
WhiteNight123129's picture

Hi Tyler, I think that the PBOC balance sheet is accumulating securities for an entire different purpose. THere are probably quite a bit of Gov securities and other securities which are held back but do not conform to monetization strategy. Remember that the Yuan is not freely convertible so there is no international market for Yuan bonds. It seems to me that they keep those for when the other major currencies, GBP, EURO, YEN, USD (which by the way are the only one backing SDRs) have imploded.  While being the biggest creditor Yuan is not part of the monetary system. So in fairness I WOULD NOT TREAT THE PBOC action as monetization, but firepower to replace the other fiat once they failed. The lack of internationalization of the Yuan is completely deliberate and very smart.

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