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Putting It All Into Perspective

Tyler Durden's picture





 

While it is amusing, almost laughable, to watch the market's every schizoid reaction to any given utterance out of the central planners (recall that back in mid-2009 we said that fundamental and technical analysis, is now dead, and the only thing that matters it he Fed's H.4.1 statement - we hope you are enjoying said central planning ladies and gents), we have decided to save our readers some pain and cut straight to the end credits by presenting "the big picture." Last summer, we shared an extended report from the Boston Consulting Group, which in a rather verbose format, explained everything that is wrong with the status quo. Unfortunately, that was also the report's biggest weakness, in this day and age in which everyone expects everything on a silver platter, prechewed if possible. So here it is again, clean, simple, precise, and so easy it can be printed out and pinned to one's wall - the chart below from Citi's Matt King puts everything in its proper perspective (if in a slightly optimistic light). The first two columns show the "impact" of Lehman and the Greek PSI - i.e., the amount of debt that was eliminated. These two tiny bars are what nearly caused the end of Western civilization (per Hank Paulson), and led Europe on a two year voyage to preemptively offload Greek exposure to European (and American) taxpayers. That's the good news. The bad news is is the column on the far right. This is the amount of debt that in Citi's estimate, has to be "reduced" across the four major developed markets for the world to return to a sustainable debt level. That's right: $30,000,000,000,000. By 2016. And after that it just gets even more parabolic.


This is not a discretionary cut. This is what has to be "reduce" for the world to have some chance of avoiding daisy-chained global sovereign defaults, up to and including the $707 trillion in global OTC (read unregulated) derivatives. Which means there are two actual definitions of 'reduced' - inflated or paid off (since a global default would "complicated" for existing equity stakeholders, read the 1%, to preserve their wealth). Furthermore, we are convinced that Citi is being generous: BCG estimated that the global debt overhang as of 2009 to get to a "sustainable" global debt/GDP of 180% is about $21 trillion. That number is easily $5-6 trillion more as of right now. Finally, with assets already at record lower cash flow generation as has been repeated here over and over, the only option is nominally inflating them away. Which means, you guess it, nominal devaluation of monetary intermediates. Translated: printing, printing, and more printing.

Still think the Fed, ECB, BOJ and BOE won't print, print, print?

Think again.

 

And for those who missed it the first time around, here is the full BCG analysis, which looks at not only the cuases of the global policy dead end, but provides some suggestions on how to deal with the issues. Needless to say, these are neither palatable nor favorable for risk assets.

 

 


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Tue, 04/03/2012 - 15:57 | Link to Comment Mercury
Mercury's picture

 And with assets already at record lower cash flow generation as has been repeated here over and over, the only option is nominally inflating them away.

 

Well, there's wholesale and arbitrary private asset seizure too :)

Tue, 04/03/2012 - 16:00 | Link to Comment narapoiddyslexia
narapoiddyslexia's picture

Jim Rickards has a relevant discussion here -

http://www.financialsense.com/contributors/jim-rickards/problem-with-fed...

It implies that, if Bennie is right, an effective way to crash the system is for enough people to stop spending money.

That leads to bankruptcy for the 'ol federal gubmint.

Tue, 04/03/2012 - 16:03 | Link to Comment PaperBear
PaperBear's picture

All my disposal income is going into physical silver - that doesn't count as spending money does it ?

Tue, 04/03/2012 - 16:05 | Link to Comment Chief KnocAHoma
Chief KnocAHoma's picture

The smartest man in the room, as long as no one else is in there.

http://annoyanidiot.blogspot.com/

Tue, 04/03/2012 - 16:10 | Link to Comment flacon
flacon's picture

these are neither palatable nor favorable for risk assets.

 

Is gold and silver a "risk asset"?

 

(obviously it's not, but some days it is, or behaves like it is, or is promoted by the media as being so). 

Tue, 04/03/2012 - 16:31 | Link to Comment Hugh_Jorgan
Hugh_Jorgan's picture

Whew... I almost had a case of optimism today. Good thing I read ZeroHedge at lunch time.

Tue, 04/03/2012 - 17:03 | Link to Comment Dr. Engali
Dr. Engali's picture

Glad you fixed that.

Tue, 04/03/2012 - 17:13 | Link to Comment boogerbently
boogerbently's picture

If bailouts have been repaid, as we've been told, why do we still owe that money???

If Trillion$$$$ were lost, who MADE them??? It didn't disappear.

Tue, 04/03/2012 - 19:03 | Link to Comment donsluck
donsluck's picture

The trillions that disappeared were only estimates. The assets (especially housing) had an estimated value one day, then some days later, their estimated value decreased, except for the assets bought by the Fed, which were bought at their estimated, or face, value.

So, trillions weren't actually lost, just their estimated values were reduced.

Tue, 04/03/2012 - 19:10 | Link to Comment The Alarmist
The Alarmist's picture

"If Trillion$$$$ were lost, who MADE them??? It didn't disappear."

Jon Corzine, but then he unfortunately vaporized them before he could allocate them to the proper accounts outside his own.

Tue, 04/03/2012 - 20:08 | Link to Comment JeffB
JeffB's picture

Just what I was thinking. If Jon Corzine crafted our recovery plan, why couldn't he just vaporize that debt?

Tue, 04/03/2012 - 16:07 | Link to Comment LawsofPhysics
LawsofPhysics's picture

Depends who you are buying it from.  One might also ask "if I used some physical silver to pay a local plumber to do some work, did a transaction really occur?"

Tue, 04/03/2012 - 16:55 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Do these bears sh!t in those woods?

Tue, 04/03/2012 - 16:24 | Link to Comment toothpicker
toothpicker's picture

Buy:

1. Silver

2. A boat

Tue, 04/03/2012 - 17:02 | Link to Comment gaoptimize
gaoptimize's picture

3.  Load boat with silver (, gold, and firearms), followed by regrettable accident.

Tue, 04/03/2012 - 19:10 | Link to Comment malikai
malikai's picture

ZeroHedge: Home of the worst boaters in the world.

Tue, 04/03/2012 - 17:56 | Link to Comment The Navigator
The Navigator's picture

3. big barking dog, so you can sleep at night without 1 eye open.

Tue, 04/03/2012 - 19:09 | Link to Comment prains
prains's picture

4. and load with an 18 yr old Nicole Kidman from the movie "Dead Calm", spankilicious

Wed, 04/04/2012 - 04:16 | Link to Comment SHRAGS
SHRAGS's picture

If your after a young Kidman, check her out in BMX bandit.

Wed, 04/04/2012 - 04:30 | Link to Comment malikai
malikai's picture

Wow. Horrible 80's movies are bringing back memories I'd prefer to have left forgotten.

Tue, 04/03/2012 - 17:03 | Link to Comment Dr. Engali
Dr. Engali's picture

That's a currency exchange.

Tue, 04/03/2012 - 17:48 | Link to Comment SilverDoctors
SilverDoctors's picture

Nope, that's saving money.  And speaking of putting things into perspective, on Feb 29th, the cartel dumped 225 million ounces of paper on the market in order to smash silver by $4.  With the release of the fed minutes today, starting at 2pm EST today, over 637 million ounces of silver were dumped on the market over a SINGLE HOUR...resulting in a massive silver smash of..... $0.65.  Can you say law of diminishing returns, and EPIC FAIL!?!

http://silverdoctors.blogspot.com/2012/04/6375-milion-ounces-of-paper-silver.html

Tue, 04/03/2012 - 19:13 | Link to Comment malikai
malikai's picture

I wonder what the ratio of bankers/weak hands that was. I'm sure lots of silver newbies were counting on QE3 today.

Tue, 04/03/2012 - 16:07 | Link to Comment SheepDog-One
SheepDog-One's picture

Yea DUH hey people stop supporting the borrow at interest spending and consuming shit if you actually dislike slavery!

Problem is, seems most people LOVE it, because every time you turn around theres some new techie gadget thats selling billions so I dont want to hear them whine about slavery!

Tue, 04/03/2012 - 16:10 | Link to Comment narapoiddyslexia
narapoiddyslexia's picture

'Fraid so. Maybe if they knew they could crash the gubmint if they just stopped spending for a few months, it might provide some inducement.

Would they make urging people to boycott the US economy a terrist crime? How long would it take?

Tue, 04/03/2012 - 17:29 | Link to Comment Seer
Seer's picture

So, deciding to kill grandma are you?

That's how it'll be framed.  Withholding life support.  Meanwhile the glorious continue to bomb brown people all over the globe...

Tue, 04/03/2012 - 18:14 | Link to Comment Q.E.easy
Q.E.easy's picture

I would find it suprising if it WASN'T already a crime.

Tue, 04/03/2012 - 19:07 | Link to Comment donsluck
donsluck's picture

Unless the Supreme Court strikes it down, you are required by law to buy health insurance, the ONLY thing (so far) that the goverment requires you buy. Don't go on about car insurance, etc, since you don't HAVE to buy a car or house or whatever.

Tue, 04/03/2012 - 20:15 | Link to Comment JeffB
JeffB's picture

Unless you count forcing us to give them tax money so that they can buy bombs and missiles and detentions centers and ...

Tue, 04/03/2012 - 22:46 | Link to Comment o2sd
o2sd's picture

Unless you count forcing us to give them tax money

FORTUNATELY, taxation is by PROPORTION. The easiest way to kill tax revenues is to earn less, and subsequently (of necessity) spend less. Imagine, if you will, living a quiet simple life, outside a major city, on a small but sustainable income. Your income is small, your needs are small, your consumption is small. A 100% effective way to topple the Government without a single shot being fired.

If you have a mortgage, default. You don't need a credit rating if you no longer need credit. If you have 3 monster SUVs on credit, default. Reduce, reduce, reduce. Future generations will remember you as heroes.

If the government, in it's desperation, turns the entire country into a gulag, know that this too will end. Perhaps you can hatch an escape plan before that happens. The world needs people who can do stuff. If you are willing to change your lifestyle, there are many places in the world that are great to live, even on very little.

 

 

Tue, 04/03/2012 - 16:41 | Link to Comment vast-dom
vast-dom's picture

So I guess there won't be a crash until around 2016 ;)

Tue, 04/03/2012 - 16:43 | Link to Comment SheepDog-One
SheepDog-One's picture

Right, obviously all is well until 2016 or so....yeaaaaa.

Tue, 04/03/2012 - 17:26 | Link to Comment Uber Vandal
Uber Vandal's picture

Martin Armstrong has mentioned 2015 quite a bit.

Also, 2015 is the date in some of the German and US Military studies about peak oil will create shortages in the oil markets.

And, "Rich Dad/Poor Dad" in his book Rich Dad's Prophecy, published 2004, mentioned 2016 a lot as well.

I guess we will know for sure in about 4 years....Or less.

 

Tue, 04/03/2012 - 19:09 | Link to Comment CH1
CH1's picture

Yes... or less.

Tue, 04/03/2012 - 17:49 | Link to Comment Offtheradar
Offtheradar's picture

I've been @ 2017 for some time now.  Best guess, never certain.

Tue, 04/03/2012 - 18:05 | Link to Comment francis_sawyer
francis_sawyer's picture

before or after the bell?

Tue, 04/03/2012 - 19:14 | Link to Comment The Alarmist
The Alarmist's picture

2017 will be the year we know for sure whether or not we will continue to sing the praises of our Maximum Leader Big O.

Tue, 04/03/2012 - 15:54 | Link to Comment Zola
Zola's picture

A lot of talk but no action.

Tue, 04/03/2012 - 15:58 | Link to Comment SheepDog-One
SheepDog-One's picture

Yeah a lot of talk about how theyre going to print this and print that, I'll believe it when I see it. 

their cries of 'Where is 'retail' and why arent they buying our bubble stocks and bonds!' tells the real story.

Tue, 04/03/2012 - 16:22 | Link to Comment Unprepared
Unprepared's picture

I think they given up on the retail suckers and are bypassing them.

 

Like algos locked in a bidding war, Monetary and Fiscal can play this game for quite a while just among themselves, without the need for consumers. Ask Solyndra/

Tue, 04/03/2012 - 16:44 | Link to Comment SheepDog-One
SheepDog-One's picture

No point in it if they cant pass off the pump.

Tue, 04/03/2012 - 15:54 | Link to Comment vato poco
vato poco's picture

Yeah, this'll end well.

Tue, 04/03/2012 - 15:55 | Link to Comment kentfinance
kentfinance's picture

but they said they wouldn't

Tue, 04/03/2012 - 15:55 | Link to Comment maxmad
maxmad's picture

I think an even better chart would be Bernanke on the lie detector...

Tue, 04/03/2012 - 16:00 | Link to Comment NotApplicable
NotApplicable's picture

Nah, that'd just be a flatline.

Tue, 04/03/2012 - 17:37 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

.

Nah, that'd just be a flatline.

I suppose it would depend on the questions asked by the operator of the lie detector.

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

 

Tue, 04/03/2012 - 16:00 | Link to Comment holdbuysell
holdbuysell's picture

Simulation of Bernanke on a lie detector test in 3...2...1...

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

Tue, 04/03/2012 - 16:11 | Link to Comment Careless Whisper
Careless Whisper's picture

why bother

Tue, 04/03/2012 - 16:39 | Link to Comment Zero Govt
Zero Govt's picture

if we're going to plot Benny up to his tricks let's graph the actual mark-to-market value of his 'assets' against what he's cooking (to fantasy) on his books

what are the toxic MBS's and property really worth he took off WS (because they couldn't sell them)?

what are the US Govts Long Bonds, 10-30 year, really worth when nobody else will buy them?

Benny really has got himself in an awful twist, maybe that's why he called it Operation Twist!

Tue, 04/03/2012 - 15:56 | Link to Comment zonetraders
Tue, 04/03/2012 - 18:00 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Ah, fuck, the spammer from capital3x is back.

Compare the comments of "zonetraders" to those of the shitcanned accounts for "props2009" and "reutersanalyst":

http://www.zerohedge.com/search/user_comments?name=zonetraders

http://www.zerohedge.com/search/user_comments?name=props2009

http://www.zerohedge.com/search/user_comments?name=reutersanalyst

 

Tue, 04/03/2012 - 15:56 | Link to Comment SimpleandConfused
SimpleandConfused's picture

You know, you guys keep writing that TPTB are out of bullets and then, out of nowhere; BANG!  More bullets.  I like that the date of concern is 2016.  No one will remember that they wrote this in 2016 so it matters not one whit to these guys be they right or be they wrong.

Everybody talks their book.  Mine?  BTFD.

Tue, 04/03/2012 - 15:59 | Link to Comment Al Huxley
Al Huxley's picture

You might as well BTFD.  Its one of the only chances you have of keeping up with the inflation that's coming down the pipe.  Make sure you choose well, though.

Tue, 04/03/2012 - 15:59 | Link to Comment SheepDog-One
SheepDog-One's picture

Right, now 'nothins gonna happen till 2016'....yea really? So how do we survive $5 gas for the next 4 years? This is all just ridiculous, all lies, from desperate pumpers totaly out of another way out.

Tue, 04/03/2012 - 15:56 | Link to Comment SheepDog-One
SheepDog-One's picture

Fine, let them print and bring on the $10/gal gas....whats keeping them and making them so shy to print huh? 

Tue, 04/03/2012 - 16:02 | Link to Comment lolmao500
lolmao500's picture

Step 1 : print.

Step 2 : wait for inflation to kick in

Step 3 : stage false-flag and blame it on Iran, start a war with Iran.

Step 4 : blame it all on Iran.

Step 5 : profits.

Tue, 04/03/2012 - 15:57 | Link to Comment Al Huxley
Al Huxley's picture

Exactly.  Everything else is just noise.  Only question is how long the illusion can be sustained at a level convincing enough to fool the majority into thinking everything's more or less under control.

Tue, 04/03/2012 - 16:10 | Link to Comment HarryM
HarryM's picture

The majority doesn't think everything is OK right now!

What will it take for them to take action?

What action is available to them?

Keep in mind they will be overwhelmed by a tidal wave of B.S. and lies.

That's why the're buying guns and ammo in record numbers - they can sense the shit is going to hit the fan

 

Tue, 04/03/2012 - 16:18 | Link to Comment ATM
ATM's picture

There are two actions available to them. One that will come to them and they will simply do it because it is the only course and that is to spend evey single dolla rthey can as fast as they can because finally they will realize that there is inflation and the longer they wait the worse it will be.

The second action is much harder to predict but it will be rioting in the streets. I would guess when enough people have blown through every penny they have and sold the family silver that rioting will be the only course of action, as will stealing, killing and all manner of immoral behaviour. Anything goes when it's every man for himself. Those guns and ammo ain't for target shooting.

Tue, 04/03/2012 - 17:50 | Link to Comment Tom Servo
Tom Servo's picture

Honey badger doesn't give a shit!  It just takes what it wants.

Tue, 04/03/2012 - 17:58 | Link to Comment Offtheradar
Offtheradar's picture

No action by Americans for the foreseeable future.  We seem to be able to take a fairly large, wide, long, dick in the ass and barely give a whimper.  No condoms either.  The lube is spit. Ouch...

Tue, 04/03/2012 - 15:57 | Link to Comment PaperBear
PaperBear's picture

We live on Soviet planet Earth.

Tue, 04/03/2012 - 17:24 | Link to Comment Drachma
Drachma's picture

Soviet planet Earth lives on you.

Tue, 04/03/2012 - 15:58 | Link to Comment Cinfultreat
Cinfultreat's picture

Atleast once a day we get...THE CHART OF CHARTS....chart by day the frequency of The Chart of Charts 

Tue, 04/03/2012 - 16:09 | Link to Comment lunaticfringe
lunaticfringe's picture

 i popped the up arrow just because of the view.

Tue, 04/03/2012 - 21:32 | Link to Comment RockyRacoon
RockyRacoon's picture

Looks like quite a few things popped up.

Tue, 04/03/2012 - 16:40 | Link to Comment Dugald
Dugald's picture

Chartism lives!!!!!!!!!!!!!!!!!

Tue, 04/03/2012 - 21:02 | Link to Comment TJ00
TJ00's picture

Chartism... Chartalism... Charlatanism...

Tue, 04/03/2012 - 17:21 | Link to Comment Agent P
Agent P's picture

Your avatar reminds me of a 1993 phone book, because I'm looking up you old address.

Note to Sacrilege: we need a "click to view full screen" feature for avatars.

Tue, 04/03/2012 - 17:28 | Link to Comment DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 for note to Sacrilege

Tue, 04/03/2012 - 19:56 | Link to Comment David449420
David449420's picture

Careful. Your wife might be reading this.

Wed, 04/04/2012 - 04:53 | Link to Comment rufusbird
rufusbird's picture

Well, after all, we do come here to share perspective...

Tue, 04/03/2012 - 15:58 | Link to Comment abducens
abducens's picture

Raise taxes! The money has to come from somewhere,it cant come from nowhere!

Tue, 04/03/2012 - 15:59 | Link to Comment Al Huxley
Al Huxley's picture

Actually, yes, it can come from nowhere.  That's where all money comes from these days.

Tue, 04/03/2012 - 16:03 | Link to Comment NotApplicable
NotApplicable's picture

Well, technically, it's coming from the future. But the way things are looking, nowhere is an appropriate label for it.

Tue, 04/03/2012 - 16:15 | Link to Comment blu
blu's picture

Since the future (as defined as anything at all like the present but later) is unlikely to happen now, yes it is more like nothing than ever before in history.

Put another way: You aren't "stealing money from the future" if "money" as a concept manages to become irrelevant shortly after you steal it.

Tue, 04/03/2012 - 16:01 | Link to Comment SheepDog-One
SheepDog-One's picture

Retail refuses to show up and buy the inflated bubble equities from the FED CB's? Fine....then we'll tax the shit out of you! We'll get all those trillions you rich retail are just selfishly sitting on, one way or another! Muaaa ha ha ha haaaaaa etc etc.....

Tue, 04/03/2012 - 16:19 | Link to Comment ATM
ATM's picture

Or they will simply stealthiy steal it by printing more. Can't get elected on a platform of raising taxes on anyone.

Tue, 04/03/2012 - 16:46 | Link to Comment SheepDog-One
SheepDog-One's picture

You dont steal anything by printing more, just cause inflation and demand drops just like in gas demand. 

Tue, 04/03/2012 - 15:59 | Link to Comment lolmao500
lolmao500's picture

In other news, ammo prices have EXPLODED in the last few days.

Tue, 04/03/2012 - 16:02 | Link to Comment SheepDog-One
SheepDog-One's picture

HEY Ive been on here telling people to STOCK UP ON AMMO for months, havent I?

Tue, 04/03/2012 - 16:17 | Link to Comment HarryM
HarryM's picture

And Ruger is working at 100% capacity and has refused new orders 

Tue, 04/03/2012 - 16:42 | Link to Comment Frank N. Beans
Frank N. Beans's picture

that's because most bullets are made from silver now, because of all the wolfmen prowling about.

Tue, 04/03/2012 - 17:34 | Link to Comment The Disappointed
The Disappointed's picture

Lone Ranger's bullets were made of silver, but not because of werewolves.

Those would be some awfully pricey bullets in today's terms. But that was the point, wasn't it?

Tue, 04/03/2012 - 17:01 | Link to Comment Dr. Engali
Dr. Engali's picture

Well when homeland security is looking for 450 million rounds you know something is up and you better front run that order.

Tue, 04/03/2012 - 17:26 | Link to Comment King_Julian
King_Julian's picture

True. M855 5.56mm green tip was $335, now $399. Shit.

Tue, 04/03/2012 - 18:02 | Link to Comment Agent P
Agent P's picture

Buy M193 and a can of green spray paint...the guy on the other end won't know the difference.

Tue, 04/03/2012 - 17:50 | Link to Comment lolmao500
lolmao500's picture

What would be the reason??

- DHS order?

- Preparation for Iran war?

- People expecting a ``race war`` because of the MSM propaganda with Zimmerman?

- ????

Tue, 04/03/2012 - 18:50 | Link to Comment viahj
viahj's picture

ys, yes, yes and why not?

Tue, 04/03/2012 - 15:59 | Link to Comment Blotsky
Blotsky's picture

Good times.

Tue, 04/03/2012 - 16:00 | Link to Comment oklaboy
oklaboy's picture

Tyler, how could you fault the great Ben? And his boss, the OBamster? Didn't you heard no more QE?  I find your faith surely lacking.....

Tue, 04/03/2012 - 16:20 | Link to Comment SheepDog-One
SheepDog-One's picture

You think Obama is Bernank's boss? lol

Tue, 04/03/2012 - 16:47 | Link to Comment marathonman
marathonman's picture

You've got the roles reversed.  Obama (the American Robert Mugabe) is merely the piss boy (remember Count D'Monet from History of the World Part 2?)  He is the lacky for the real money that controls the government as is every US President since 1912.

Tue, 04/03/2012 - 19:23 | Link to Comment malikai
malikai's picture

"You're an errand boy, sent by grocery clerks, to collect a bill."

-Colnel Walter E. Kurtz

Tue, 04/03/2012 - 16:00 | Link to Comment PaperBear
PaperBear's picture

"the column on the far left" - the column on the far right is dwarfing the column on the far left.

Tue, 04/03/2012 - 16:02 | Link to Comment Jason T
Jason T's picture

So buy gold and silver until 2016, then turn that gold into shit loads of assets like land, factories, farms, housing units.  Simple.

Tue, 04/03/2012 - 16:21 | Link to Comment ATM
ATM's picture

Those things aren't going down in price. They will act just like gold. Better to buy them now and collect the rent.

Tue, 04/03/2012 - 16:36 | Link to Comment Temporalist
Temporalist's picture

Who will you collect rent from when most are living in tent cities?

Tue, 04/03/2012 - 16:59 | Link to Comment ParkAveFlasher
ParkAveFlasher's picture

Simple, yes.  Precisely what rebuilt the German war machine (later co-opted by the Nazi party) after WWI and through Weimar Inflation.

Tue, 04/03/2012 - 21:43 | Link to Comment DosZap
DosZap's picture

then turn that gold into shit loads of assets like land, factories, farms, housing units. Simple.

 SIMPLE????,uh, no.

IF OblameO wins, forget these as anything remotely you want to own.

The NEW EO Laws he's passed in the last 90 days, make it possible to seize all of it on a whim.

They are checking EVERY out, we could pssibly have.

Pray that SCOTUS slams OBSCARE, and we get someone in the Peoples House that will change theses fascistic/Dictatorial  laws.

Because as God is my witness they like the OBScare Laws, are UNCONSTITUTIONAL, with the exception of a MAJOR NATIONAL EMG.

We have an Event Horizon on his watch, your ass, and all you own, are belong to THEM.

Tue, 04/03/2012 - 16:03 | Link to Comment nobusiness
nobusiness's picture

The cash on the sideline can cover that and still go into the market to by AAPL and PCLN

Tue, 04/03/2012 - 16:03 | Link to Comment centerline
centerline's picture

But Krugman says debt doesn't matter!

Tue, 04/03/2012 - 16:43 | Link to Comment Vince Clortho
Vince Clortho's picture

If Debt is good, then more debt is even better.

Therefore, $30 Trillion in debt means unbelievable prosperity; Dancing in the streets; a new golden age.

And to think we owe it all to the Central Bankers who are responsible for carefully guiding mankind to this destination.

Tue, 04/03/2012 - 16:48 | Link to Comment marathonman
marathonman's picture

Nice use of sarcasm.

Tue, 04/03/2012 - 17:59 | Link to Comment sof_hannibal
sof_hannibal's picture

"You have a kind of sick desperation in your laugh."

Tue, 04/03/2012 - 16:04 | Link to Comment LawsofPhysics
LawsofPhysics's picture

When is the jubilee?

Tue, 04/03/2012 - 16:22 | Link to Comment pods
pods's picture

Yep, we are going to take a world mulligan, with a supranational currency to boot.

Boot is fitting, cause that is what is on our collective necks.

pods

Tue, 04/03/2012 - 21:00 | Link to Comment WonderDawg
WonderDawg's picture

No jubilee without a revolution. TPTB own all the debt, so you think they're just going to let it slide? I very strongly doubt it. Maybe after the upheaval, but not before.

Tue, 04/03/2012 - 16:04 | Link to Comment Sudden Debt
Sudden Debt's picture

Putting it all in perspective...
During the reagan period there where 33 million people in poverty in the US, now, 30 years later its' 49 million but with a eaqually larger population.

The US is down to the 80's standard and dropping fast. 70's here we come!

Tue, 04/03/2012 - 16:22 | Link to Comment ATM
ATM's picture

You mean the 1870's right?

Tue, 04/03/2012 - 16:24 | Link to Comment pods
pods's picture

Chart like that could mean 70's, as in 70 AD.

pods

Tue, 04/03/2012 - 18:17 | Link to Comment TheFourthStooge-ing
TheFourthStooge-ing's picture

Watch out for the Vesuvius pop in 79.

 

Tue, 04/03/2012 - 16:05 | Link to Comment Cursive
Cursive's picture

The CB's can't print their way out. Every attempt to inflate the left side of the ledger also inflates the right side of the ledger.

Tue, 04/03/2012 - 16:08 | Link to Comment SheepDog-One
SheepDog-One's picture

And retail was supposed to come buy it all off their hands, and thats not happening either. 

Tue, 04/03/2012 - 16:08 | Link to Comment YesWeKahn
YesWeKahn's picture

No problem, it simply means that Bernanke has 30 trillion to print.

Tue, 04/03/2012 - 16:09 | Link to Comment SheepDog-One
SheepDog-One's picture

GEE will ya look at that horror story....FED said 'No QE3' and the DOW plunged a whole -60 points.....NAH its not all just a total fabrication or anything!

Tue, 04/03/2012 - 17:21 | Link to Comment boogerbently
boogerbently's picture

Statement made.

Shake it off.

Up 120 tomorrow.

Tue, 04/03/2012 - 16:10 | Link to Comment monopoly
monopoly's picture

That looks like 30 Trillion to me. That is real monopoly money. Thank goodness we have AAPL to hold up the entire Western financial world. They give me that warm and fuzzy feeling, just hold your new I pad close to your heart and all will be well. 

Tue, 04/03/2012 - 16:19 | Link to Comment penexpers
penexpers's picture

Dude, that's a health risk... so not cool.

Tue, 04/03/2012 - 16:26 | Link to Comment pods
pods's picture

Look at the Apple long term non log chart.

The Dukes of Hazard would not jump off that ramp!

pods

Tue, 04/03/2012 - 16:39 | Link to Comment Temporalist
Temporalist's picture

Boss Hog Barnankie will get his PD (primary dealer) sherrifs to jump that ramp by ordering them to.

Tue, 04/03/2012 - 16:35 | Link to Comment dwdollar
dwdollar's picture

iDefibrillator?

Tue, 04/03/2012 - 16:10 | Link to Comment blu
blu's picture

There was nothing wrong with Mesopotamia. That was Bronze Age living at its finest.

This time around, we'll have Facebook and iPads. Winning.

Tue, 04/03/2012 - 17:58 | Link to Comment The Disappointed
The Disappointed's picture

'Turn your watch back, turn your watchback about a hundred thousand years'

'I'll meet you by the third pyramid'

The B-52s had it right thirty years ago.

 

Tue, 04/03/2012 - 16:14 | Link to Comment monopoly
monopoly's picture

 

Walkout

AT&T could see 40,000 wireline employees walk off the job Sunday morning if the union can't reach an agreement with the telecommunications giant for a new contract. 11:44 AM

 

Nothing like another union to bring us all together to create jobs.

 

Tue, 04/03/2012 - 16:17 | Link to Comment penexpers
penexpers's picture

ANOTHER chart? Fuck, man... I can't take this anymore.

Panem et circenses, Panem et circenses, Panem et circenses...

Tue, 04/03/2012 - 16:22 | Link to Comment SheepDog-One
SheepDog-One's picture

When in doubt, roll the chicken bones again and read the tea leaves. LOL bottom line we're fucked...tomorrow, next month, next year....all the same we're fucked big time.

Tue, 04/03/2012 - 17:13 | Link to Comment Zymurguy
Zymurguy's picture

so who is junking SheepDog?  C'mon, stop just junking and reply/comment... let's hear your side of the story.  Otherwise stop fooking junking!

Tue, 04/03/2012 - 17:34 | Link to Comment King_Julian
King_Julian's picture

Aliens...Game over man

http://www.youtube.com/watch?v=dsx2vdn7gpY

 

 

Tue, 04/03/2012 - 16:24 | Link to Comment jal
jal's picture

The present printing is being done to replace the loss of cash flow.

 

When, if ever, the printing is used to increase the income of individuals, we will see hyper inflation. 

 

If the individual has no income then he cannot do any purchases and the seller cannot do any selling.

 

If the seller wants/needs to get some "cash" then he must sell at lower prices or at below cost.

That's where I would buy if I had cash.

Tue, 04/03/2012 - 16:24 | Link to Comment Dr. Engali
Dr. Engali's picture

Ah my one chart that explains it all to file with all my other one charts that says it all file.

Tue, 04/03/2012 - 16:25 | Link to Comment Agent P
Agent P's picture

Massive printing and inflation ahead, that explains why 10yr rates for Japan, US, Germany, and the UK are at 1.03%, 2.29%, 1.80%, and 2.17%, respectively...wait...WTF?

Tue, 04/03/2012 - 16:28 | Link to Comment blunderdog
blunderdog's picture

Quoting a previous poster: "That's a lot of taxes."

Tue, 04/03/2012 - 16:29 | Link to Comment chunkylover42
chunkylover42's picture

hmmmmmmm....

Try a logarithmic chart and see if that looks any better.  No?  Shit, we're screwed.

Tue, 04/03/2012 - 16:31 | Link to Comment BrokeDayTrader
BrokeDayTrader's picture

These thugs on Wall St. keep u-turning the tape

One day this skullduggery is going to result in an epic fail!

Tue, 04/03/2012 - 16:48 | Link to Comment SheepDog-One
SheepDog-One's picture

Yeah I keep hearing about how theyre going to stage a 'crash', then they can 'print'....well if its so easy then why cant they let the DOW fall even 50 points? I think they know if the markets fall for any real amount it sets off a worldwide panic theres no way they can control. 

Tue, 04/03/2012 - 16:56 | Link to Comment Dr. Engali
Dr. Engali's picture

I agree. I think that if there is any volume to the downside it will cascade pretty quick. They will try to walk it down like the last two years. Trouble is the higher it gets the more fumes the thing is running on and we all know that it's the fumes that starts the combustion.

Tue, 04/03/2012 - 17:04 | Link to Comment Winston Churchill
Winston Churchill's picture

Waiting for the Facebook IPO ,last trash for cash float,

and then.................

Tue, 04/03/2012 - 16:58 | Link to Comment Dr. Engali
Dr. Engali's picture

There's only one thing to do at this point... Start a big war.

Tue, 04/03/2012 - 17:17 | Link to Comment sunny
sunny's picture

OK, given that everything written in the article is true.  Given that all the central banks go bananas and print away the tens of Trillions and all the debt is paid off with worthless fiat currency and everyone is debt free....then what? 

sunny

Tue, 04/03/2012 - 18:10 | Link to Comment The Disappointed
The Disappointed's picture

Pennies from Heaven! Or maybe FRNs from helicopters?

Tue, 04/03/2012 - 17:22 | Link to Comment alfred b.
alfred b.'s picture

 

  Reading the FOMC minutes is like reading mythical tales of knights, fairies and goblins from the 12th century!   Do you really believe that the fed will jot down what they REALLY think??  The fed just spews out this crappy dialogue to get some well-rehearsed reaction...it has nothing to do with reality!   You guys are giving that ship of fools way too much credit...they are left with only one tool and that is to PRINT to infinity.

 

 

 

 

Tue, 04/03/2012 - 17:38 | Link to Comment King_Julian
King_Julian's picture

We will know we are fucked when "Jeopardy" adds another zero to each category.

Tue, 04/03/2012 - 18:20 | Link to Comment The Disappointed
The Disappointed's picture

And every catagory on Jeopardy is.....wait for it.....

Print

Tue, 04/03/2012 - 17:29 | Link to Comment metaforge
metaforge's picture

Looks like a debt stiffy to me!

Tue, 04/03/2012 - 17:40 | Link to Comment Virot
Virot's picture

The question that I have, what can an average Joe like me do to protect himself?

Is buying silver, a boat and guns the only way?

Tue, 04/03/2012 - 17:43 | Link to Comment King_Julian
King_Julian's picture

Food. Maybe land. Diversify away from paper. Seems that most here think there needs to be a crash before printing really gets going. You could wait for that and buy shit then. At that point who knows how long we've got until the press goes into overdrive?

Tue, 04/03/2012 - 17:47 | Link to Comment Virot
Virot's picture

Land?  Hmm... Where though?  I hear South America is interesting.  Althougth I like the little balkan countries too.

Tue, 04/03/2012 - 17:44 | Link to Comment aerial view
aerial view's picture

yes, "Bubbles" Benny who is  better known as "The Inkjet" will continue to print until the biggest debt bubble the world has ever known pops resulting in hyperinflation and severe pain for the clueless masses who were unfortunate to live during the decade of ignorance and arrogance: hallmarks of their psychopathic masters. As one terrified woman exclaimed to me the other day: "if there is a God, it would be a good time to show himself!"

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