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Japan's Shocking Keynesian Slip: "We Are Worse Than Greece"

Tyler Durden's picture


In a stunning turn of events, a Japanese Ministry of Finance official admits to Richard Koo's worst nightmare "Japan is fiscally worse than Greece". Bloomberg is reporting that, at a conference in Tokyo, Yasushi Kinoshita says Japan's 2011 fiscal deficit was up to 10% of GDP and its debt-to-GDP has soared to over 230%. What is more concerning is the Kyle-Bass- / Hugh-Hendry-recognized concentration risk that Kinoshita admits to also - with a large amount of JGBs held domestically, the Japanese financial system is much more vulnerable to fiscal shocks (cough energy price cough) than Europe. Of course, the market is catatonic in its reaction to this - mesmerized by the possibility of buybacks and hypnotized at big-banks-passing-stress-tests - though we do note the small reverse stronger in USDJPY has reversed as this news broke and the USD pushes modestly higher.


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Tue, 03/13/2012 - 21:38 | 2252650 nmewn
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Tue, 03/13/2012 - 22:26 | 2252799 Unprepared
Unprepared's picture

Everybody calm down, he said that at a purely philosophical level. He meant "Please bail us out, we deserve it more than Greece" ... "What? No?" ... "Well, it was worth the try."

Tue, 03/13/2012 - 22:38 | 2252822 Cadavre
Cadavre's picture

Recent history says soveriegn fiats of defaulted economies strengthened against the dollar. Does this mean a 60 JPY / USD is the works - gosh they'll be able to import a lot more US debt!  After all, that is about 40% of our domestic output - well that and being the butt of the civilized world's jokes.

Tue, 03/13/2012 - 22:58 | 2252874 Pinto Currency
Pinto Currency's picture


Blow a monetary debt bubble economy then collapse the bubble.

Then print more money and deficit spend.

Strange how it destroys your economy with absolutely no dependency upon which time zone that your country is located.

Print, collapse, print, destroy.

Tue, 03/13/2012 - 23:07 | 2252897 flacon
flacon's picture

44 minutes of extacy:



Ann Barnhardt & W Pollock Re John Locke and Future Trends


Wed, 03/14/2012 - 01:18 | 2253077 NoMoreBull
NoMoreBull's picture

This video gives one of the most poignant and accurate descriptions ever voiced on the true present state of America.  In 1770 the population of the original 13 colonies was 2.1 million.  When faced with repressive government rule from England that was probably only 1/10th of the suffocating bureaucracy and corruption that 310 million complacent americans live under today, they banded together, over threw the oligarchs and built a new government that flourished for over 200 years.  If this video could rally only just 1% of the taxpayers that viewed the Kony2012 video this week, to join Ann Barnhardt and refuse to pay anymore federal income tax, this corrupt system would soon end!

Wed, 03/14/2012 - 02:43 | 2253165 AbruptlyKawaii
AbruptlyKawaii's picture












Wed, 03/14/2012 - 04:53 | 2253235 spdrdr
spdrdr's picture

Ease off the Sake? (???)

Wed, 03/14/2012 - 16:15 | 2255623 Cadavre
Cadavre's picture

The reactor was a GE reactor and a GE reactor design. A GE whistleblower said the reactor design was high risk and did not provide the protections GE said it would before it was even built.

Ya ever notice that when the Japanese get all uppity about US military bases, it is always followed by a rash of Toyata recalls (only in America)?

Wed, 03/14/2012 - 15:40 | 2255494 Cadavre
Cadavre's picture

Her message is honest and informed.

But ... about 29 Minutes in she makes what seems to be an argument that Dr Paul, because of congress won't allow it, would not be able to address what we face.

A President Paul is also a Commander and Chief. The "pen" in his hands can repatriate our troops and congress can't do nothing. He nominees are the only ones that congress can approve or disapprove of - they will be his people - and congress cannot do anything about it. A President Paul could 86 any and all executive orders. A President Paul can instruct his Ambassadors and UN reps as to the position.

Look at the Way Coke Dealer Clinton handled congress - Congressional posturing eventually and essentially made em all look like a bunch of pussies.

A president Paul can do a lot. And that's why her argument, as it relates to a Dr Paul presidency seems a tad off the mark.

We are spozed to obliged by a document the underlies the constitution. In a perfect example of an idiot cutting off the nose despite its face, our DoS Fuhrer Hilary (whose ripened into a double knit suited physical caricature of a fat face fat body version of Russia's Putin), has declared that governments that shoot at armed insurgents are war criminals - soze the guessing is, that should the commons decide to throw off such Government, and to provide new Guards for their future security, then Hilary's battalions of XE mercs wont be lifting a finger to stop it. If they do, it's Nuremberg for sure, if 300 Million American Assholes don't get to `em first!

Wed, 03/14/2012 - 04:42 | 2253230 Cadavre
Cadavre's picture

Speaking of struts for sovereigns ..

It looks like all the players want to go to the "cage" and cash in their chips. The "cage" is the NY FED custodial vaults. The chips are cashed in for the gold the NY FED is supposed to be securing for for a whole passel of sovereigns with a whole bunch of gold. A moment of clarity approaches.

And, BTW, we have always been on a gold standard. What is a standard?. It can be a way to measure relative value. It can be, for example, a monetary standard use to fix allowed outstanding currency units to a value standard (line xx dollars per ounce of reserves held). Just cause we float M2, don't mean it ain't being measured against a standard. USD debased 90%, against gold, since 2002.

The NY FED Gold Vaults are getting called and we may yet see Tungsten Ben in cuffs with some of Americas finest dragging him off by the collar (if he be lucky).

Germany's political public service employees have finally admitted who has custody of German commons gold.

By law, Germany's political public service employees are quired to audit German gold reserves every 3 years.

It's been 6 years since the last audit.

Germany has at least 60% of it's gold warehoused at the NY FED.

Germany is considering repatriation of it's physical gold as protection against the possibility of currency collapse.

Rumor abound that the couple of thousand tons of German gold held in custody by the NY FED (i used to think Germans were smart)  has been co-mingled with other gold (and very probably, varying amounts of tungsten) while in the NY FED vaults.

Germany To Review Bundesbank Gold Reserves In Frankfurt, Paris, London And Federal Reserve Bank Of New York (Mar 8)
German lawmakers are to review Bundesbank controls of and management of Germany's gold reserves. Parliament's Budget Committee will assess how the central bank manages its inventory of Germany's gold bullion bars that are believed to be stored in Frankfurt, Paris, London and the Federal Reserve Bank of New York, according to German newspaper Bild.
The German Federal Audit Office has criticised the Bundesbank's lax auditing and inventory controls regarding Germany's sizeable gold reserves - 3,396.3 tonnes of gold or some 73.7% of Germany's national foreign exchange reserves.
The German lawmakers are following in the footsteps of U.S. Presidential candidate Ron Paul who has long called for an audit of the U.S. gold reserves.

It is believed that some 60% of Germany's gold is stored outside of Germany and much of it in the Federal Reserve Bank of New York.

The Bank of New York Newswire is an interesting lister..

Dude, Where’s My Gold?

At the end of January Venezuela received the last of their 160 tonnes of repatriated gold reserves. Many, including some of the country’s own economists thought Chavez was mad to bring back the gold; that it was an expensive and unnecessary operation.

But now it seems distance makes the heart grow fonder for other countries as well with reports of both Germany and Switzerland on the verge of requesting the return of their gold from the United States. This is not surprising considering both countries were at the forefront of the increased gold demand in Europe in 2011. Germany particularly saw an increased demand for physical bars in allocated accounts.
... The Audit Office is said to have buckled to the pressure of German citizens and politicians interested to know where their gold is.

This is gonna be real interesting.

Wed, 03/14/2012 - 10:32 | 2254021 Kobe Beef
Kobe Beef's picture

Based on my reading of GATA's investigation into Central Bank/Bullion Bank decades-long collusion in gold leasing arrangements, I would be extremely surprised to see Germany's gold in Good Delivery. He who panics first, panics best. Way to go University of Texas & Hugo Chavez!

Tue, 03/13/2012 - 23:09 | 2252885 flacon
flacon's picture

But at least Greece has a greater negative less-radiation potential. Japan is increased in negative unrisk potential. Or to put it more mildly Japan is less more unrisky than Greece because of dis-funded unfunded liabilities. Japan is better to invest in than Greece because of dis-risk is lower than Greece. Disinflation is lower than Greece, and dis-un-employment is less than Greece. 


Please un-disinvest in Japan. 



Tue, 03/13/2012 - 23:24 | 2252929 Manthong
Manthong's picture

Do yellow swans have black body suits?

Wed, 03/14/2012 - 00:09 | 2252994 UP Forester
UP Forester's picture

I think those are Ninjas....

Wed, 03/14/2012 - 01:11 | 2253058 Manthong
Manthong's picture

Ah so.. yellow swan wear black Ninja suit.

Wed, 03/14/2012 - 00:48 | 2253046 Harbourcity
Harbourcity's picture

If they can't devalue the currency by printing it they'll undermine it's confidence.

Wed, 03/14/2012 - 02:49 | 2253168 SAT 800
SAT 800's picture

Kinoshita says; We kino Shita all ovah ouself. now get bad taste sushi.

Wed, 03/14/2012 - 02:57 | 2253177 bluebare
bluebare's picture

brack sran

Tue, 03/13/2012 - 21:38 | 2252652 EndTheMedia
EndTheMedia's picture

Fiscal “liberals” have an inability to understand cause and effect. They often confuse the two and end up forcing the “fox to guard the hen house”.

Tue, 03/13/2012 - 22:12 | 2252752 HardlyZero
HardlyZero's picture

Cause and Effect.

They are still alive, so maybe there is a reason and there will be a resolution.

Its just impossible to see one at this time.

Wed, 03/14/2012 - 06:51 | 2253289 valley chick
valley chick's picture

and yet another earthquake this morning... 6.8 on the scale...

Tue, 03/13/2012 - 21:40 | 2252654 Yen Cross
Yen Cross's picture

 Ok now I'm cutting the last 2 GBP/JPY shorts for a break even!

  PSYCHE! C Ya in Europe!

Tue, 03/13/2012 - 21:40 | 2252655 Clockwork Orange
Clockwork Orange's picture

Farcus Magnus

Tue, 03/13/2012 - 21:40 | 2252656 Capitalist
Capitalist's picture

Only a matter of time before they use the Fukushima option.

Tue, 03/13/2012 - 21:59 | 2252713 HardlyZero
HardlyZero's picture

I have heard that was theoretically impossible given that it failed the first time.

Should we try it again, or should we call Godzilla or.... ?

Is Ultra-Man still available ?  Have Hiroto contact him immediately !

Tue, 03/13/2012 - 22:03 | 2252723 UP Forester
UP Forester's picture

Voltron to the rescue....

Driven there by Speed Racer.

Tue, 03/13/2012 - 22:09 | 2252737 Captain Kink
Captain Kink's picture

Ultra-Man was the best! +10 for making me remember...  good times.

Tue, 03/13/2012 - 22:54 | 2252865 Financial Newbie
Financial Newbie's picture

I believe it's "Godzirra".

From our friends at Urban Dictionary:


  1. Godzirra
    Something the Japanese scream when terrified beyond all reason
    "Oh, I got teetek.  Oh, I got sprashed by mud.  How dis day get any worse... oh emai egot! It's Godzirra!!!"
  2. Godrizza
    How Japanese people pronounce "Godzilla".  Hey, it's hard to pronounce those "L"s.
    White person: "Oh my god, it's Godzilla... run!!!"
    Japanese person: "Run, it Godzirra!!!" 




PS - all you guys are racsits.

Tue, 03/13/2012 - 21:41 | 2252657 Seasmoke
Seasmoke's picture

thats going to be a hard island to live on

Tue, 03/13/2012 - 22:19 | 2252767 HardlyZero
HardlyZero's picture

Moving Tokyo will be challenging.

Maybe they can instead break off a piece of the island with a properly located score line through the major techtonic plate, and a thermo-nuclear detonator !

Tue, 03/13/2012 - 21:42 | 2252660 The trend is yo...
The trend is your friend's picture

This too shall pass ... i mean... be ignored

Tue, 03/13/2012 - 21:44 | 2252666 dark pools of soros
dark pools of soros's picture

buybacks are the new plunge protection teams...

Tue, 03/13/2012 - 22:22 | 2252780 HardlyZero
HardlyZero's picture

What if every Japanese resident bought CDSs against Japan.

Would that provide sufficient floatation mechanism or levitation for everyone on the island ?

Perhaps it is time to invoke the forbidden codex !!

Tue, 03/13/2012 - 21:44 | 2252667 Alexandros
Alexandros's picture

Global Debt Crisis

The greatest private fraud of human history.

Who are the great fraudsters who are becoming the murderers of the human kind? How does the economy "illness" threaten Democracy and the freedom of people?


Tue, 03/13/2012 - 23:23 | 2252927 Vic Vinegar
Vic Vinegar's picture

The first time one hears about the Bilderberg group they should get pissed.  C'mon New York Times - I thought you guys were all about printing the news that was fit to print.

Then one looks into it and sees the B'bergs are much ado about nothing.  Sure it still sucks that the American MSM won't cover it, but most of us don't care about the MSM anyway.  Just one more reason to ignore those assholes.

As for your site, it's a fuking joke.  Certainly you will complain about "the Jews" some more.  Whatever gets you through the night.

Tue, 03/13/2012 - 21:47 | 2252672 Atomizer
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The ten components of The Conference Board Leading Economic Index® for Japan include:

Operating Profits
Dwelling Units Started
Business Failures
Index of Overtime Worked
Stock Prices (TOPIX)
Six-Month Growth Rate of Labor Productivity
Tankan Business Conditions Survey
Money Supply
Yield Spread
New Orders for Machinery and Construction

Tue, 03/13/2012 - 21:47 | 2252674 prains
prains's picture


Tue, 03/13/2012 - 21:49 | 2252680 mophead
mophead's picture

OMG OMG! Japan is going down WORSE than Greece! I guess I'll have to short the markets again.

Tue, 03/13/2012 - 21:54 | 2252696 Jake88
Jake88's picture

If you still have cash you might want to go long.

Tue, 03/13/2012 - 23:49 | 2252964 CrashisOptimistic
CrashisOptimistic's picture

Care to guess what % of Japanese government spending this year will be tax revenue and what part borrowed?

51/49.  49% of all of the year's spending will be new debt.

The US number is 65/35.

Tue, 03/13/2012 - 21:49 | 2252681 Yen Cross
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Tue, 03/13/2012 - 22:41 | 2252836 UP Forester
UP Forester's picture


Tue, 03/13/2012 - 22:44 | 2252842 HardlyZero
HardlyZero's picture

Mothra !

Tue, 03/13/2012 - 23:12 | 2252907 UP Forester
UP Forester's picture


Tue, 03/13/2012 - 23:53 | 2252972 perchprism
perchprism's picture



Uruk Hai!

Wed, 03/14/2012 - 00:10 | 2252997 UP Forester
UP Forester's picture


Wed, 03/14/2012 - 00:18 | 2253006 knukles
knukles's picture


Wed, 03/14/2012 - 00:23 | 2253012 prains
prains's picture

red (f)awn

Wed, 03/14/2012 - 03:02 | 2253183 bluebare
bluebare's picture

Who didn't ante?

Wed, 03/14/2012 - 09:40 | 2253704 Kobe Beef
Kobe Beef's picture


Tue, 03/13/2012 - 21:52 | 2252683 Jake88
Jake88's picture

This should help their stock market to really take off.  It's up 1.9% this evening.  The sky's the limit. What the hell should boost all markets.  Whoopi it just keeps gettin better.

Tue, 03/13/2012 - 22:24 | 2252789 slewie the pi-rat
slewie the pi-rat's picture

good post, j_88

you have caught the "jawboning" aspect of the yen printing/devaluation

the N-225 was "decoupling" yesterday, but doing well, today

tyler is also spot on in his sarc-ing imo

why? b/c the markets are under a "spell" of the "race-to-the-bottom" bucket shop, where a sinking currency is immediately "discounted" into instant stock index gains, b/c the "nation's economy" is now "more competitive, currency-wize"

no.  sorry.  the added incremental debt/money and its near-eternal "costs" actually make the nation less competitive and economically vital

we'll just continue to borrow to pay the interest and then we have not the miracle of compound interest, but the obverse debt-slavery of never being able to stop digging or the roof will cave in,  but the damned hole we're in keeps getting deeper, too!

as a 29-y.o. recently pointed out to me:  collapase isn't possible!  "they" would never allow that to happen! 

and here i've been needlessly worried about this since 1971! 

Tue, 03/13/2012 - 22:35 | 2252817 Green Leader
Green Leader's picture

" a 29-y.o. recently pointed out to me: collapase isn't possible! "they" would never allow that to happen!"


I am beggining to think that tis whole mess is so out of their control that we will end up with some sort of debt cancellation, be it total or partial. Just sayin'.


Tue, 03/13/2012 - 22:41 | 2252837 bigkahuna
bigkahuna's picture

Someone is gonna be on the hook if debt gets cancelled...

Wed, 03/14/2012 - 06:49 | 2253286 spankthebernank
spankthebernank's picture


Tue, 03/13/2012 - 22:54 | 2252846 Eally Ucked
Eally Ucked's picture

Of course market will not collapse, that's why they introduced ETFs. The whole market depends on them and I think that trade of 100 shares changes everything in that "efficient" market. If ZH-ers want to collapse it we should sell 1 share everyday at bellow market, commissions are the killer though. 

Tue, 03/13/2012 - 23:00 | 2252880 Conrad Murray
Conrad Murray's picture

want to collapse it we should

I'll just leave this here, GPS 'spoofers' could be used for high-frequency financial trading fraud

Wed, 03/14/2012 - 00:17 | 2253003 Calmyourself
Calmyourself's picture

No law, no order, no peace, no righteous, no innocent, none spared..

Wed, 03/14/2012 - 00:25 | 2253016 DoChenRollingBearing
DoChenRollingBearing's picture

@ Conrad

+ 1, very interesting

Wed, 03/14/2012 - 00:37 | 2253028 Conrad Murray
Conrad Murray's picture

If homeless people are getting paid to walk around as wifi hotspots for $20/day, surely they would be willing to do something a bit the people who stole their homes and jobs.

Then again, the Squid might just buy them all off and use it for yet another unfair trading advantage.

Wed, 03/14/2012 - 05:25 | 2253250 SHRAGS
SHRAGS's picture

There are a number of methods of verifing the GPS signal. Modern aircraft use one of three methods to cross-check the accuracy of the GPS signal received from the constellation of satellites.

RAIM is an an algorithm within the unit to verify the GPS integrity without any other input, and this is ued for  GNSS approaches.

A more sohpisticated algorithm is used to blend the inertial position of the aircraft from the IRS's with the GPS signal in addition to compute an accuracy calculation called ANP (Actual Navigation Position) - typically we see this as 0.02nm - I have flown approach around hills where we need this accuracy to be at worst 0.1nm.

The third method is with a GBAS ( Ground based Augmentation System) where there is a ground based transmitter that broadcasts the local satellite error - this system is accurate to a few inches - we fly this as a GLS approach - extremely accurate.

So, there are already quite a few methods to verify the GPS signal, some independant of anything else.  In additon, the HFT computers have access to two vital pieces of information - their present position which can be hard-coded into the system as verification and access to many hundreds of internet time server as a cross-check.


Tue, 03/13/2012 - 23:00 | 2252878 HardlyZero
HardlyZero's picture

Maybe we are faced with the Man who is selling the World (1970).

It doesn't get more bottom's up than this time we are in...its a bad sci-fi script.

Wed, 03/14/2012 - 01:08 | 2253061 oldman
oldman's picture


"It doesn't get more bottom's up than this time we are in...its a bad sci-fi script."

I hope that I am wrong, but I have a feeling that you may made this call a bit prematurely.

It seems that there is always MORE                 om


Tue, 03/13/2012 - 21:53 | 2252694 luna_man
luna_man's picture




Tue, 03/13/2012 - 21:54 | 2252698 Buck Johnson
Buck Johnson's picture

For Japan to say that, something must be coming and it's not good.  Also why did the Fed do a stress test for the banks, what was the reason for that?  I mean you usually do a stress test when you believe something bad is on it's way and you want to make sure your banks are secure.  Didn't the fed do a stress test 2 years ago?  As we have seen the CDS's for Greece is alot more than 3.2 billion it's at least a trillion and I bet alot more and they are getting ready for the auction.

Tue, 03/13/2012 - 23:51 | 2252969 mendigo
mendigo's picture

I think it's more a case of utter amazment that they have not yet collapsed.

They run-up an insane level of debt, they are no longer an industrial or technology powerhouse, they have rampant corruption in and out of government, they've nuked themselves - what more do they have to do? Please die already - it's getting embarrassing. The financial powers that be will not let anything fail. They need to fall on thier own sword sort-of thing. We will be joining them in the not too distant future but it appears that they will be able to prolong this train wreck another decade or so.

It will take some kind of extreme discontinuity/singularity event to break this thing off the rails - perhaps some friction between Japan and China could do it.


Wed, 03/14/2012 - 00:27 | 2253020 DoChenRollingBearing
DoChenRollingBearing's picture

Don't diss them too much though.  They still make quality rolling bearings at a better price than the USA, especially for automotive applications.

Wed, 03/14/2012 - 06:59 | 2253292 mendigo
mendigo's picture

I agree that in general they still know how to make shit - which only makes it more frustrating to watch thier enslavement to the bankers.
I much prefer Japanese product to any other.
Except my lexus/Toyota has been a bit of a disappointment but I suspect it is again an issue of business decisions not of engineering.

Tue, 03/13/2012 - 21:55 | 2252701 zorba THE GREEK
zorba THE GREEK's picture

With Japan shutting down their nuclear reactors indefinitely, high energy (oil) prices this year 

 could be their Black Swan Event. 

Tue, 03/13/2012 - 22:22 | 2252785 BoNeSxxx
BoNeSxxx's picture

If you can see it coming this far off, it isn't a Black Swan event.

It is, however, the making of a global prison rape.

Tue, 03/13/2012 - 22:46 | 2252847 HardlyZero
HardlyZero's picture

Maybe a Black Crane will emerge...being Asia.

Wed, 03/14/2012 - 00:22 | 2253011 UP Forester
UP Forester's picture

Did Manitowoc move a factory over there?

Wed, 03/14/2012 - 00:28 | 2253023 DoChenRollingBearing
DoChenRollingBearing's picture

BIG cranes...  Something they will need, + 1

Tue, 03/13/2012 - 21:56 | 2252705 Alexandros
Alexandros's picture


World War III - The First Private War in History

Those who won all battles shall lose the war.

Bilderberg Group and the crimes against humanity.



Tue, 03/13/2012 - 23:30 | 2252941 Vic Vinegar
Vic Vinegar's picture

See my comment above.  To top it off, the Bilderberg is a shitty hotel.  I'd rather stay at a Fairfield Inn.  A free hot breakfast in the morning and no global conspiracies!

Tue, 03/13/2012 - 23:46 | 2252961 Vic Vinegar
Vic Vinegar's picture


You had a bad experience at a Fairfield Inn?  An upset tummy because of the Johnsonville sausages?

Please elaborate.  Tnx in advance

Tue, 03/13/2012 - 23:58 | 2252980 Vic Vinegar
Vic Vinegar's picture

Since you opted to junk me rather than give a review of the Fairfield Inn, you gotta suffer through this.

Here is everyone's favorite whipping boy, RedNeckRepublicant, commenting today re: ZH

ZeroHedge: Old, Uneducated Geezers according to Alexa
RedNeckRepugnicant - Tue, Mar 13, 2012 - 04:08 PM 


Keep in mind who the "new" ZeroHedge audience is. ZH used to have the smartest, sharpest, most educated minds that you could find on the internet. Then, Tyler made the fateful decision to pander toward the doomer crowd and the audience totally changed. As the markets improved and stocks rose, the educated minds got replaced with "silver to the moon" doomer goons. 

Take a look at the statistics from Alexa and how the ZeroHedge audience has changed over the past two years.... the vast majority of readers are over 65 years old with only a high school education. 

Keep this in mind the next time you argue with those doomer goons. It's most likely some toothless, cynical Luddite living in a trailer in Kentucky who's got $300 in silver coins buried under his removable front porch. 


Personally, I don't agree with this in the least.  A) Tyler still gives great news coverage, stuff I always appreciate reading and B) in just scanning the comments per this article, I'm much rather live in a world where darkpoolsofsoros and Yen Cross give us more genuine takes than witty one-liners.  Those cats are hyper-smart.

ZH is the bomb; I ain't leavin.  Junk away if it makes you feel better or offer up a comment.

Wed, 03/14/2012 - 00:12 | 2252998 fuu
fuu's picture

You've got to be running low on accounts by now.

Wed, 03/14/2012 - 00:17 | 2253004 Vic Vinegar
Vic Vinegar's picture

U talking to me?  LOL

I've paid tribute to your brilliant work re: trav enough already.  A+ with him; probably a B- with RobotTrader

Wed, 03/14/2012 - 01:04 | 2253056 Vic Vinegar
Vic Vinegar's picture


Please note:

a) I love Christianity.  I won't ever knock it b/c all religions touch the sacred.

b) That said, if God sent Jesus back to spread his message, why didn't he do so now?  Think of the followers Jesus could have had on twitter!  Dare I say, he'd be bigger than Kim Kardashian.

Perhaps you can find a soulmate here:

Update us if these chicks give anal.  LOL

Wed, 03/14/2012 - 00:14 | 2253000 Vic Vinegar
Vic Vinegar's picture

Junks only get you 


comments on Youtube.  Lets' have a conversation, spacemonkey.  At the very least give me an undervalued dividend paying stock.

Wed, 03/14/2012 - 01:14 | 2253071 oldman
oldman's picture

Hey Vic,

Thanks----needed saying                   om

Wed, 03/14/2012 - 09:03 | 2253567 Vlad Tepid
Vlad Tepid's picture

Yen Cross??  You must be shitting me.  All that moron ever does is spout one liners that he thinks are witty, occasionally throwing out some obtuse trading advice couched as wisdom.  I think half the time he sounds strung out on Qualudes...

Wed, 03/14/2012 - 09:31 | 2253673 MrSteve
MrSteve's picture

Well, unaccustomed as I am to being an internet-counter-example, I must admit I am under 65 and I have a tooth!

I see no doom or gloom in ZH assessment of unprecedented global inflation due to coordinated central bank fiat printing, just the cold reality of planned theft.

Wed, 03/14/2012 - 00:23 | 2253013 Crab Cake
Crab Cake's picture

Private war = Private armies = Mercenaries..... If you think the US is the first to have an all mercenary army you need to read some History. Just one example, just one were the Italian merchant city states that employed whole mercenary armies in the field.

Wed, 03/14/2012 - 00:34 | 2253025 Alexandros
Alexandros's picture


Whatever does not belong to them as property is under their absolute control. Just by looking at the executive staff of these mechanisms, conclusions may be drawn. Here follows the list with the Jews CEO running the global mechanism for the “production” and “dissemination” of propaganda for the New Order.  

RICHARD BERNSTEIN. Western Publishing. Children’s books 
STUART BLOOMBERG. ABC Head of Entertainment Division.
PETER CHERNIN. 20th Century Fox. dec. 1992 new CEO
MARTIN S. DAVIS. Paramount Comm. CEO
BARRY DILLER. 20th Century Fox. CEO
STEVEN FRIEDMAN. NBC Executive Producer Nightly News. Hired may 1990 under G.E. (gentile) owned NBC.
LEONARD HARRY GOLDENSON. ABC (Capital Cities ABC TV) (up to 1985. Thomas Murphy now CEO but with same Jewish management)
KATHERINE MEYER GRAHAM. Newsweek, Washington Post. Daughter of Eugene Meyer.
PETER GUBER. Columbia Pictures. 1989. Bought by SONY, Guber replaced Kaufman as CEO.
PETER KALIKOW. New York Post. Real estate developer.
PETER R. KANN. Dow Jones, Wall St Journal, Barrons
VICTOR A. KAUFMAN. Columbia Pictures. CEO
GARY HERSH. Capitol Records CEO
RONNESSEN MBS. Mutual Broadcasting SYS. SAMUEL NEWHOUSE. Random House, Advanced Publications, Newhouse Broadcasting, (CTV), New Yorker Vogue, Mademoiselle, Glamour, Vanity Fair, HQ, Bride's, Gentleman's Quarterly, Self, House & Garden. Newspapers & mags.
MICHAEL OVITZ. Media magnate.
WILLIAM S. PALEY CBS CEO & founder of CBS. 1927. 1983 Partially retired.
SUMNER M. REDSTONE. Viacom MTV Nickelodeon QVC. CEO.
JEFF SAGANSKY. CBS Head Entertainment Division.
DAVID SARNOFF. RCA NBC head entertainment div.
ROBERT SARNOFF. RCA NBC CEO (son of D. Sarnoff). RCA and NBC were bought by G.E. in 1986 but Jewish management still exists.
RICHARD SNYDER. Simon & Schuster.
ARTHUR OCHS SULZBERGER. New York Times, family circle. McCall's, M. Frankel, J. Lelyveld, J. Rosenthal - all Jews.
BRANDON TARTIKOFF. Paramount pictures. Chairman.
LAWRENCE A. TISCH. CBS CEO TV, theaters, hotels, insurance. (Before him was 1928 William S. Paley son of Russian Jews. Retired 1983.)
LEW WASSERMAN.MCA Inc. CEO. 1991. Bought by SONY. but Wasserman still is CEO.

We are talking about a whole “army” controlling everything in the information field starting from the USA and spreading the “news” all over the world; a mechanism that literally decides on its own about who may become famous and therefore financially effective in all the fields of activity. This means that on their own they build “models” and on their own they decide who shall incarnate them by experiencing the absolute “success”. If you are not among the chosen ones, you cannot “evolve”, even if you are God himself. You shall always stay behind their “chosen”. You may “run” like the “wind” but “lames” get on the “podium”.


Wed, 03/14/2012 - 02:36 | 2253154 bushwarcrime
bushwarcrime's picture

I shouldn't feed the trolls but wtf,

Jews like money, I like money, I'm (not a jew)

Jews like education, I went to Yale, I'm not a jew.

Jews run big companies, I ran a big country, I'm still not a jew.

You getting this line of thought?

Wed, 03/14/2012 - 05:16 | 2253244 i-dog
i-dog's picture

Exceptions neither prove nor disprove the rule ... they are merely statistical noise. In your case, you are to be judged by the company you kept.

Wed, 03/14/2012 - 07:16 | 2253311 Disenchanted
Disenchanted's picture

you ran a big country?


listen head cheerleading puppet boy, you couldn't even handle eating a fucking pretzel.


don't you have some 'ranch work' to take care of?   LOL!

Wed, 03/14/2012 - 09:59 | 2253807 Kobe Beef
Kobe Beef's picture

@ Vic Vinegar: I junked you. Thread jacking and replying to yourself gets junked. Has nothing to do with sausages or hotels or alexa or whatever stuff you choose to spew about. Takes less time to click down arrow than for you to compose your messages.

So, we can do this until you get tired of spewing. But it wouldn't be productive for anybody. It would, as you say, lower the level of debate upon this site. And neither of us would choose that.

As for your original comment re Bilderberg:

"Pay no attention to the man behind the curtain!"

Bilderberg has a lot of influence, much of it unwarranted and I daresay unwanted. Thus it should be monitored, analyzed, and discussed. I would love to see some sunshine into this organization's purpose, affiliations, and activities.

Tue, 03/13/2012 - 21:57 | 2252708 Yen Cross
Yen Cross's picture

 The calm before the storm. Shouldn't the Aud Sgd Nok be moving?

Tue, 03/13/2012 - 22:49 | 2252833 HardlyZero
HardlyZero's picture

The island is surrounded by water and the contagion can be contained within.

The confinement will be complete, irreversable, and permanent !

 (scary monsters)

Tue, 03/13/2012 - 22:01 | 2252717 crawl
crawl's picture

If this was pre-2008, the 'slip' would have caused huge impact on the financial markets.  As it is, a yawn or two and add a hmmm in there too is the reaction you could expect.  Why stop printing when debt/GDP is at 230%?

Tue, 03/13/2012 - 22:13 | 2252756 Captain Kink
Captain Kink's picture

I believe the thought may be that if they print faster, they just might get ahead of this debt/GDP thing.

Tue, 03/13/2012 - 22:01 | 2252718 Global Hunter
Global Hunter's picture

Shit just keeps building and building, JPM front runs the Fed today and increases their divy I never thought that real life could become more insane than what is going on inside my own head yet here we are and its business as usual.  

Tue, 03/13/2012 - 22:03 | 2252724 Gidas19
Gidas19's picture

Japanese Debt Swap coming soon...

Tue, 03/13/2012 - 22:30 | 2252797 HardlyZero
HardlyZero's picture

Maybe the Japanese will perform the ultra-difficult (10th dan) Chinese land swap.

They might actually evoke the WWII agreements China made to give land to Japan if they would not invade.

It would be like WWII redoux pre-post-facto...would there be any downside to a land swap ?

I see only upside: Japan gets lots of leg room to expand across the continent, and China gets Tokyo.

Deal ?

Tue, 03/13/2012 - 22:08 | 2252735 Paul Thomason
Tue, 03/13/2012 - 23:50 | 2252966 WonderDawg
WonderDawg's picture

So the stars do watch the news, then?

Wed, 03/14/2012 - 01:08 | 2253062 UP Forester
UP Forester's picture

Only TMZ....

Tue, 03/13/2012 - 22:09 | 2252736 chump666
chump666's picture

AUD and EUR selling, USD buying and equities rallying. Total disconnect.

JPM just laid the bulltrap from hell.  Sucking most into it. 

Everything is out of sync.

Tue, 03/13/2012 - 22:09 | 2252742 Yen Cross
Yen Cross's picture

 Usd/jpy is on a march to 85, and all the real money is laughing! No movement. Ghost trading!

Tue, 03/13/2012 - 22:16 | 2252760 chump666
chump666's picture

check your CNY chart run in back to meltup pre 2011 aug crash.  that and the eur is selling, au looks heavy. to me, the market looks busted and mis-priced. the FX market looks out of sync.

I imagine old schoolers like Art Cashin shaking his head. 

it's messy. 

Tue, 03/13/2012 - 22:31 | 2252809 Yen Cross
Yen Cross's picture

Aud is way heavy. Just looking for an entry point. I said last night, the chop is out of control.

Tue, 03/13/2012 - 23:33 | 2252943 chump666
chump666's picture

Well i sold the AUD at 1.10 Aug last yr and then went short equity indexes. The AUD peaked it was a good flashing red risk/sell aversion sign to short/sell equities.  The US indexes have decoupled from reality.  Hard to find a correlation trade (oil at 110 is about it), used to be the EUR other FX risk trades.  I still feel 1987 redux will slam into the DOW/S&P at some point, the only correlation is the VIX flat-lining, even pre 2008 meltdown had good warning signs.  Now, not much at all.  That is telling.

Tue, 03/13/2012 - 22:12 | 2252750 The Swedish Chef
The Swedish Chef's picture

Yeah, stress tests... Those worked out beautifully in the past. 


I just took an imaginary .50 BMG to the chest. I´m gonna enlist and tell the recruitment officer that. Bet they put me right in with the Rangers... 

Wed, 03/14/2012 - 00:25 | 2253014 UP Forester
UP Forester's picture

Worked well for Tillman...

Wed, 03/14/2012 - 08:40 | 2253496 Element
Element's picture

On one hand the MSM sock-puppets have been saying all day that the US banks are, "clearly in a better place than in 2009 and 2010", etc., but somehow the latest stress-test v3.1.0, which is widely estimated and admitted to be designed to have them all pass, has 4 out of 19 failing?... and at only a 13% U3 US unemployment level?

And in other news, down is the new up, and CB's buying Govt bonds is not monetisation via inflationary debasement.


Tue, 03/13/2012 - 22:12 | 2252751 chump666
chump666's picture

USD/CNY rally.  Asia going mad USD buying, happened pre-Aug 2011 meltdown. Mispriced and bizarre trading.

Something severe is creeping up.

Tue, 03/13/2012 - 22:15 | 2252759 Yen Cross
Yen Cross's picture

China widened the Yuan trading band with usd on Sunday, but this is bond related!

Tue, 03/13/2012 - 22:42 | 2252840 HyperLazy
HyperLazy's picture

"...bizarre trading."

I just woke up from five days of constant overtime and sleep. My positions stopped out on Friday, been sitting in cash since then. Didn't care enough to look at things until now. Things look a tad scrambled and unbalanced. Futures, FX along with an enigmatic 5 point /ES spike 23 hours ago topped off with JPM's ramp job earlier today. WTF.

Not sure where I can place my bet right now, maybe I will sit on the sidelines for the next ten or so hours. Besides I gotta go back to work. Running a lot of parts for domestic oil production FWIW...


Tue, 03/13/2012 - 22:13 | 2252754 Tsar Pointless
Tsar Pointless's picture


Nikkei has gapped over and above the 10,000 mark tonight.

Keep the good bad news coming, and soon, all world equity markets will be establishing new highs. Well, I know, the Nikkei has a ways to go do to that, but patience my dear grasshopper.

Up up and away, my beautiful, my beautiful balloon!

Tue, 03/13/2012 - 22:17 | 2252762 Yen Cross
Yen Cross's picture

 You call trades post facto Kook Aid Idiot! ROBO TARD!

Tue, 03/13/2012 - 22:22 | 2252784 Tsar Pointless
Tsar Pointless's picture

Yes, but I do it with pointless enthusiasm.

You truly do not know good Tsarcasm when you see it.

Tue, 03/13/2012 - 22:25 | 2252796 Yen Cross
Yen Cross's picture

 Idiocracy and Thumdum come to mind!

Tue, 03/13/2012 - 23:57 | 2252983 TruthInSunshine
TruthInSunshine's picture

If this keeps up, the Nikkei will be back at its nominal level of 40,000 (last seen in 1989) within a few years, when a watermelon costs 1trillion yen and the Japanese debt to GDP ratio is 2300%!

Tue, 03/13/2012 - 22:13 | 2252755 steve from virginia
steve from virginia's picture


Gee, I guess the BoJ is going to have to buy more Japgov bonds. That is truly tragic ...


Tue, 03/13/2012 - 22:17 | 2252764 Osmium
Osmium's picture

I can't think of anything more bullish.  Just think how much QE will be needed to bailout Japan.



Tue, 03/13/2012 - 22:21 | 2252778 Yen Cross
Yen Cross's picture

 The BoJ met yesterday.  They said they were happy with the MoF currency policy! You should explore facts before you shoot your mouth off!  All of the Yen pump dump is going to hurt down the road! Export Island economies pay a hard price for imports! OIL ASS HAT!

Tue, 03/13/2012 - 22:17 | 2252765 Hulk
Hulk's picture

Does this mean they buy more US treasuries???

Tue, 03/13/2012 - 22:29 | 2252802 Yen Cross
Yen Cross's picture

Normally Hulk. China and Japan have NEW Truce! I'll buy your bonds, if you don't sell too many of mine!

Tue, 03/13/2012 - 22:31 | 2252808 Hulk
Hulk's picture

Or. "I'll trade my rotten. bug infested. mildewed squash for your  rotten. bug infested. mildewed pumpkins" !!!

I am finally starting to understand...

Tue, 03/13/2012 - 22:33 | 2252814 Yen Cross
Yen Cross's picture

 Yes Hulk! That's correct! +1

Tue, 03/13/2012 - 22:18 | 2252766 Jack Burton
Jack Burton's picture

Look, do not look to markets to reflect real risk or real economics now a days. Markets reflect traders belief in government and central bank intervention to boost and maitain high share prices. World governments are all playing the wealth effect game. Pumping untold trillions into the system in order to generate stock market returns.

No matter that Japan's peril is now clear, traders believe governments and central banks can maintain share prices no matter the dreadful underlying economic and fiscal fundamentals.

It is no coincidence that the elites are the primary winners in this game of market pumping. Sure, some trickle down happens, but the majority of gains go to the top 1%.

Japan is truely sick, but the fact that they still produce things and export things gives them a life extension that has kept them going. But we may be reaching the point where that is also wearing out. Japanese capitalism is nearing crisis. No less than America's capitalism.

Too much crony capitalism and banker centric economies. And YES, the hint that energy prices might be the thing that kicks the ant hill into a panic is ALL too true. The world economy is hanging by a thread, a spike in energy prices could have major consequences. So a war on Iran may have those who will hold back the trigger finger of Israel, NATO and the USA. Many want war, but are they ready for the economic panic and fiscal collapse in the west that destruction of Iran would mean???

Tue, 03/13/2012 - 22:36 | 2252818 unum mountaineer
unum mountaineer's picture

well said..I would add 2Q is going to be roller coaster ride and one hell of a momo bulltrap. If you have cash to burn, spend it on something worthwhile and not this bull shit market.

Wed, 03/14/2012 - 02:52 | 2253171 Olympia
Olympia's picture

World War III - The First Private War in History

Those who won all battles shall lose the war.
Bilderberg Group and the crimes against humanity.

This is how things work in all countries. Whatever used to belong to their people, today it belongs to the multinational companies of the Club. People were betrayed by their given leaderships and they lost everything. Capitals and markets were handed to the Club bosses. If you understand what is going on in Greece, you can understand what is going on in Britain, France, and Germany etc..


Wed, 03/14/2012 - 03:08 | 2253186 bluebare
bluebare's picture

Japan bondholders...assume the position.

Tue, 03/13/2012 - 22:20 | 2252770 singsing
singsing's picture

I felt a great disturbance in the Force, as if millions of voices suddenly cried out in terror and were suddenly silenced.

Tue, 03/13/2012 - 22:39 | 2252827 Jim in MN
Jim in MN's picture

Where is the horse and the rider? Where is the horn that was blowing? They have passed like rain on the mountain, like wind in the meadow. The days have gone down in the West behind the hills into shadow. How did it come to this?

Tue, 03/13/2012 - 22:47 | 2252848 1835jackson
1835jackson's picture

Now Gandalf pass the pipe I need some of that fine Old Toby.

Tue, 03/13/2012 - 23:20 | 2252925 snblitz
snblitz's picture

Where is the man in the grey cloak?

Tue, 03/13/2012 - 22:23 | 2252787 1835jackson
1835jackson's picture

A bit off topic but who gives a fuck. Can I just say I am absolutely fucking disgusted at the blatant lack of media coverage that Sir Ron Paul has been getting. A total fucking tragedy and a sign of the miserable state this United States has gotten "itself" into. By "itself" I mean the masses of uneducated arse heads who watch idol on their i-pads while eating too much Ben and Jerry's ice cream. All bought with a mondex credit card of course with a measly 25.99% APR. Now back to watching the comedy channel...sorry I mean CNBC.

Tue, 03/13/2012 - 22:47 | 2252852 Jim in MN
Jim in MN's picture

The short old man in the rumpled suit has tripled his support since 2008 and will be bringing over 100 delegates to the convention.  Nothing is over.  a borkered convention with Jeb Bush/Condi Rice waiting in the wings?  Who the hell knows.

On the other hand we could also be looking at 12 more years of Obama and Clinton.  Or some GOP establishment clown with Goldman Sachs running down his pants leg.  Same thing.

Psychopathocracy is an evil thing and a dangerous thing.  The closer people are to the core of it, the more scared and defeated they are.  No one knows what the fuck to do about it.  Least of all the corrupt psychopaths themselves, who can't believe that they are still getting away with it and secretly wondering when the hell the adults will show up and stop them.  But the system has now perfected the ejection of any sane person from the heights of power.  So no more self-healing, just a system made of insane greedheads who will let it tear itself apart.

Oh, was I trying to say something reassuring?  Never mind.  Go shoot some zombies or read Scripture or something.

Tue, 03/13/2012 - 23:29 | 2252937 sdmjake
sdmjake's picture

"the price of apathy in public affairs is to be ruled by evil men" -Plato

Tue, 03/13/2012 - 23:45 | 2252959 slewie the pi-rat
slewie the pi-rat's picture

when you say jeb + condi, who's on top, there?

Tue, 03/13/2012 - 23:52 | 2252971 fuu
fuu's picture

The one with the bigger unit?

Tue, 03/13/2012 - 23:44 | 2252957 Angus195
Angus195's picture

Ron Paul is a wolf in sheeps clothing .... the powers that be would never allow his 'hard money' rhetoric if it were not part of a much larger plan.  The guy is a fake.

Tue, 03/13/2012 - 23:58 | 2252987 tickhound
tickhound's picture

I think he's more like a T1000 terminator type, but in more older man meek type clothing.  Humans are not that consistent.  Gotta be a plant.

When you see his face close up though it looks REAL!  Its pretty amazing what they can do. 

Wed, 03/14/2012 - 03:04 | 2253135 Incubus
Incubus's picture

Ron Paul doesn't need to be some psyops pressure release valve.  Bernays was way successful with his agenda.  You can piss on 'merikans all day and they won't care as long as they're getting paid in FRNs for it.


IF you really have faith in 'mericunts to get their shit together and elect someone like Ron Paul, the joke's on you.   They let him say what he wants to because they know that he can't get through to enough of these humanoids for any of it to matter.

Endgame is WW3 and massive reduction on global resource demands; forcing innovation and improving society takes too long for our social managers--so we have to die. Most of us exist because of oil and oil-based innovations, anyway.

However, the 21st century's greatest resource will be fresh water, not oil.

By the end of this century, we'll probably number fewer than half a billion, or a billion; when the oil train stops, we stop.


War, resources... the whole lot of it.  Humans are pathetic.  If I were "God,"  I'd be pretty disappointed with myself:  humans aren't even flawed--they're just fucking broken. So much for omniscience and omnipotence.


Wed, 03/14/2012 - 09:42 | 2253713 Angus195
Angus195's picture

Well I cannot argue with that .... see the Georgia Guidestones.   As to Ron Paul, he is a 33 degree Mason and a 'plant' serving a much larger agenda .... probably designed to ignite radicalism within the merikans such that they destroy the US from within via a second civil war.  Completing a plan first ignited when Lincoln was president.

Wed, 03/14/2012 - 10:10 | 2253883 Kobe Beef
Kobe Beef's picture

America has already been subverted from within. It wasn't Ron Paul, so don't blame him.

Wed, 03/14/2012 - 11:30 | 2254357 Angus195
Angus195's picture

Ron Paul is part of that plan.  Ending the Federal Reserve is the plan and Ron Paul is the 'appointed' messenger for it.  Its called 'controlled opposition,' which is what Paul is.  Paul's message is designed to 'resonate' with the merikans/herd and they will beg and plead for the Feds global replacement.  A transparent Hegelian Dialectic farce.

Wed, 03/14/2012 - 12:22 | 2254607 Kobe Beef
Kobe Beef's picture

Riiiight, and I was appointed by the Illuminati to be your 'controlled opposition', so Zero Hedge readers would beg and plead for Zero Hedge's replacement by a Zionist-controlled, Hegelian dialectic internet mind-fuck.

How deep is that, Hegel? The Strange Loops are getting loopier.

Wed, 03/14/2012 - 13:03 | 2254824 Angus195
Angus195's picture

Wow ...... must have struck a nerve ......

Wed, 03/14/2012 - 13:04 | 2254833 Kobe Beef
Kobe Beef's picture

hardly, just pointing out the absurdity of your argument.

Wed, 03/14/2012 - 13:26 | 2254972 Angus195
Angus195's picture

If you actually believe that Ron Paul represents a genuine 'voice of opposition' in this monetary debate ... your the fool.  We have already been down this road.  Roosevelt was wheeled out as Taft's 'controlled opposition' successfully splitting the republican ticket and assuring Wilson's election in 1912.  This guaranteed the passage of the Federal Reserve Act.  Like the 'quarter back sneak' its the oldest 'play' in the book.  Divide and conquer.  Wake up!

Wed, 03/14/2012 - 17:06 | 2255806 Kobe Beef
Kobe Beef's picture

Wow! I thought Senator Nelson Aldrich had much to do with the passage of the Federal Reserve Act. You've convinced me. It was all just Wilson, Taft, & Teddy the controlled opposition.

but when you really think about it, since Ron Paul is supported by the armed forces, it means he's really the NWO's annointed military dictator, sent to deliver us into the clutches of One World government under the UN. And the reason he's not allowed on TV is because it's really the most secretest-secret plot in history and we can't let the American people even know he exists, because that would fuck up our diabolic Hegelian plot. My eyes are wide open and I'm seeing your fever dream, my friend.

Nevertheless, as your Illuminati-appointed controlled opposition, I would be remiss in not telling you that Ron Paul is actually working for the Annunaki, now approaching on the mothership Nibiru. You see, the Annunaki want all the Earth's gold, and Ron Paul is trying to destroy the Federal Reserve to make it easier for them to take it all when they arrive in 12/21/2012. The only thing standing between us and total alien enslavement is Brave Ben Bernanke! It's the oldest play in the book: Genesis 6:4!

Wake up! but all these bong hits are making me sleeepy.

Tue, 03/13/2012 - 22:40 | 2252828 puck
puck's picture

We are all seperate till we are all one hu ahhhhh

Do NOT follow this link or you will be banned from the site!