The Scariest Chart Ever?
There are many charts out there all of which are to some extent worth of the adjective "scary" although today's Bloomberg chart of the day may just take the prize, if only for a few days until the European hopium daze passes and reality manifests itself in the form of line and bar charts. The chart below is perfectly simple and perfectly self-explanatory...
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Debt enslavement.
Debt Serfdom is the growth industry.
European fiefdom days are on the way back.
Be the Lord of the Manor, bitchez, because the life of a serf is a hard grind.
Excellent, Smithers. Most excellent.
Now, release the hounds.
How long until Jubilee?
Why get an underwater mortgage for your house if your whole life is an underwater mortgage?
Have fun in Underwaterworld, bitchez
I scrolled way left on that chart (several hundred years BC) and found this little note:
What should we expect when we don't follow the directions?
we? I mean, to what group did this constitute a Holy text? And you should be aware that there IS no direction to lend to people outside the clan at 0%. In fact, it is interpreted as an affirmative commandment TO lend to them at interest, always.
Relax, Trav. My loose interpretation of this scripture (and related scripture) is don't lend money at interest to sub-prime borrowers, rather give them charity, expecting nothing in return.
Maybe you didn't play a role in that chart's data set, but I sure did, each and every time I deposited money in a yield-chasing TBTF bank.
So what's so scary about this? I'm not American...
I couldn't give a toss...
Are you a directly or indirectly USD holder?
In that case, I guess you should.
Nope, just gold and silver...
http://www.zerohedge.com/sites/default/files/images/user5/imageroot/2011...
Tentacles of the slave driver.
Why is every freaking country in debt? Not a single country run a surplus. Can someone tell me who the hell lends out all the money? It ain't Somalia, Mongolia or Greenland - i know that for sure.
http://www.economist.com/content/global_debt_clock
today every country/ sovereign in the known flat world has a central bank - controlled in tiny-town 'basel', also known as the bank of int'l settlements [bis = bs]
only three countries remain without - iran, n. korea, and somalia
ps. there might be a fourth but ,...
If you were to write a cheque with no intent of settling the transaction with goods of due value or kind, it is the same as printing a dollar, mark, franc, etc, etc, where the country has no intent of settling.
These of course can be issued by private banks to citizens. However, they are not lending you anything more than a piece of paper, as there is no capital backing the loan.
If I was a bank and I were to lend you 10 tons of gold that you intended to use as collateral for the building of your new swimming pool, and you were concerned about security during transport, I could offer you a bank cheque as assurance of your solvency to your contractor creditors, in your ability to pay them on completion of your pool. If the bank gave you a cheque book and you wrote them cheques for the work done and they presented those cheques to the bank for payment in gold and the banks said, "Sorry! We don't got no gold because all that we offered was credit, We lied. Ooops!" , the settlement of the debt could never occur. You become part of the deciet.
That is the state of our monetary system. Just try to redeem your piece of paper at your sovereign bank. They will ask; "What's the problem with that one?" You will only be issued with another.
Unbacked currency is a lie. We have all been decieved.
Awesome exchange thus far. Green arrows all around.
And that cartoon TIS, tells such a story. It tells the story that the story has been known, plot, character and gotcha plot twist, for a long time now. In fact, we can say easily that we have known the truth exactly as long as the lie has been around.
But it's hard for most to give up long cherished (read programmed) truths (read lies). Every time and I mean every time i see the name FED, I remember Louis McFadden. The truth has been out a long time. On record. Adn eloquently to boot. even Woody Will(less)son admitted he had made a huge mistake.
This has been a tightly controlled experiment. it is merely reaching it's logical conclusion. Those that believe large populations cannot be controlled live uni-dimensional lives.
And OWS should de-mob, like yesterday.
OWS Flash De-Mob
ORI
Good advice, ORI. Sadly, none will follow it ... they'll just keep banging their head against the brick wall, expecting a different outcome next time...
Isn't GDP per person a flow and Debt per person an amount? Shouldn't we compare debt service per person with GDP per person?
BR - GDP is just a reference point that allows for comparison over time and against other economies.
The 100% debt vs. GDP number is misleading though because it only considers Federal debt. Throw in state, municipal, corporate, consumer debt and you are at 375%. That is the real concern; wait for bloomberg to post that number.
Anyone around here hear much media attention to the fact that one of the presidential candidates (Ron Paul of course) started a serious and sobering discussion on addressing the spending/debt (wants to cut $1T out of the budget next year)? Think this needs more attention? Help Ron Paul make the point loud and clear. Support the Black This Out fundraiser happening today - right now - by donating. Whether a little or a lot doesn't matter - even $10 makes a statement.
https://secure.ronpaul2012.com/
Seriously, I wish he came in different package, but if anyone who reads this cares about country Ron Paul is only one to vote for. Others don't have guts to do what we need to do. In debate last night, Romney clearly understands problem, but he won't take medicine. Do they realize outcome if not? Or do they expect something else, reset or default?
Last night debate brought to you by your corporate sponsors the OIL/GAS INDUSTRY and HEALTHCARE, major advertising all over entire debate and of course the beefy product placement. Wink,wink, Perry, Romney.
Ron Paul does care about the nation for the most part, but to be president you have to be able to take care of all of it not just the financial part of it. His attitudes about non white straight male Americans is DEEPLY disturbing to the majority of people who happpen to be half female, 10% gay, 32% non white, and 80% secular.
I care about the nation and I want to end the fed, I am a natural born citizen that meets all constitutional requirents to be president. Does that mean you should promote my candidacy and elect me? Of course not. That would be bullshit.
He also has only one thing going for him, end the Fed, and while that is an admirable policy it just is not enough to be president. If he were elected and got rid of the Fed in the first week in office then what? By the second week he would be outlawing abortion and sending gay people to the concentration camps. No amount of argument is going to get me to vote for that man. Not until he says that constitutional amendments are OFF the table. We have troubles, and we will work them out, but not by changing the rules of the game.
Why not? With your name on every bumper sticker -- "Boil The Rich!" -- you'd be sure to be elected in a landslide!! (You'd get 95% of ZH commenters, for a start)
PS. There's one constitutional amendment I'd like to see - repeal ALL amendments from the 14th onwards!! (OK, we could keep a couple regarding suffrage, but even they're really no longer necessary)
This is definitely a great idea. beacon payday loans
Unfunded liabilities are $116 trillion (778% of $14.9 trillion 2011 GDP) versus $14.8 trillion in debt. Besides, the US GDP may be severely inflated by an overblown financial sector that accounts for half the profits. Dagong, the Chinese rating agency, says
"If we exclude the factor of virtual economy, the U.S. actual GDP is about 5 trillion U.S. dollars in 2009, per capita GDP about $ 15,000. Meanwhile, the total domestic consumption was 10.0 trillion U.S. dollars and government expenditure was 4.5 trillion U.S. dollars"
The real situation of US debt is far scarier than that graph.
JustObserving,
Remember, your $14.8 trillion in debt is only the Federal debt. The total debt (Fed, State, Corp, Consumer, Municipal and Consumer debt) is $51 trillion + then the unfunded liabilities.
exactly 48 gas range
the right way to go. surveys4income
how about now? 36 inch gas range
you will see...
Because if you ain't on OUR SIDE bitch then you are just another ant and if the elephant starts another wild stampede or just splits and falls over dead then you are going to get crushed.
Count on it.
Hitler with nukes,hmmmmmmmmmmmmmmmmm.
Neither am I, but unless you live on a cave with wahtever resources you can gather...you will feel the efects
this is not funny. get your wife back
Trav may be correct if I read him properly. I remember from N. Ferguson's book, The Assent of Money, that Medieval Christain lenders were prohibited from charging interest but their Jewish counterparts interpreted it as prohibiting then from charging interest from other Jews, but it was ok to charge Christains. It was a good book.
The restriction on charging interest (to whomever it applied) could be circumvented by charging a "fee" for the use of money.
sure, what's the difference between Shariah finance and hire purchase?
The name, that's all...
Smiddy, I saw the film, and whilst I found it interesting I still thought it an apology for the banks.
Money, or currency, is not 'trust inscribed,' it is a depository receipt, this time secured by the assets in the Treasury. When people understand that there are no assets in the treasury they will discard it for gold or some other medium of exchange. At no point did he say that. That's the whole point of our 'innovative' derivatives industry, to distort the prices of everything indicative of inflation and convince the great unwashed that gold is not real money.
Nice try, no banana...
Yeah...and ditch the middle finger too Mr Smiley Face. People might get the wrong impression. Like you're angry or somethin.
it is the right opinion in my opinion. I am sure that you will have it in the future.
yacht charter turkey
It ultimately constituted a Holy text to the Christains and Muslims. And thus the clan became the worlds lenders.
hedgeless_horseman, Exodus 22:25 was practiced extensively in the Middle Ages by not allowing Christians to lend to Christians and Jews to Jews.
This meant that Christians lent to Jews and they lent it to other Christians.
Let's say it did not work very well and it still fuels a lot of childish hate.
Indeed! We are always trying to skirt the regs.
Outside the regs: there be profits.
And inside the regs, there be prophets...
Best reply ever!!
+316
Seems i can't green you...
you are right. Matt Huston Ex2
Perhaps better instructions for folks:
"Owe no man anything" - Romans 13:8
Amen, lest the devil be a counterparty to your counterparty.
+1
Agreed.
"neither a borrower nor a lender be."
It's a little late for that.
"except to love them"... Fixed it for you...
Christ
Do we have peopel who BELIEVE in God on this site???
That's more scary than the chart.
God believes in you. I will pray for you.
I will sacrifice a pig, a ram, and finally a bull to purify you and rid you of the evil spirits plaguing you.
just kill his firstborn that should do the trick,
What did a pig or goat ever do to you anyway.
Leave em alone and no you can't marry one.
Do heathens get to roast those sacrifices later? I smell dinner, Bitchez. I command more sacrifices! And after all, there is so much bull around... lemons into lemonaid and all.
Half of the sacrifice needs to get tossed into the sea. If someone wants to fish it out that's up to them. The other half is supposed to be burnt up to nothing, but show me a cook who doesn't taste what he's cooking while it's cooking and I'll show you a liar. Heathens can lick the grease stain off the altar.
"Do we have peopel who BELIEVE in God on this site???"
Not only that, but it seems to inform their actions and opinions. That's what's really scary.
Disclosure: gave up beleiving in santa claus at 5, and god at 6. Story came from the same people.
Maybe, when you turn 10, you will again change your mind.
Jesus loves you. The rest of us think you're an a$$.
Very nice reference guide for us to follow. You can read in Genesis when Joseph was in charge of all Eygpt and several times it mentions that "money fails and money failed". The wealthy had to give up all they had for food. Some serious stuff. We all have a choice. We can either believe God's Word or we cannot.
Let's all live in a Yellow Submarine. Then an underwater mortgage would be less inappropriate.
This underwater bitch hasn't paid the mortgage in 2 years now--living rent free. They call us the shadow foreclosures and there are thousands of us. Our homes are not listed on the MLS so to keep the real estate racket propped up.
Same here, not by choice, however the area went to crap.
I haven't paid a mortgage in 1.9 years and nothing has happened. The banks can kiss my ass for destroying all my equity.
Not in your lifetime
The very moment the Jackals strip the last few bits of meat from your bones and walk away.
It's only scary if you care about what is going to come of it.. unlike anyone in banking or any of banking's government minions.
I think what's scary is that this money supply growth is probably going more exponential than this curve.
I want to overlay the money supply over this to get a feel for the trend.
How long until Guillotine?
Right after your smoking slide locks open on your empty 30 rnd. clip.
But, but, I have a whole stack of 'em!
it's called a "magazine" not a "clip". not too firearms experienced are we.
Actually, it's called a "periodical" -- not a "magazine."
Hell, you can call it Shirley if it makes you happy, just keep'em full and keep'em coming.
The Greeks don't want no freaks.....now carry on.
The Greeks will lead the way again and provide new enlightenment for the masses and wake up the sheeple
Well, debt is "money" so debt should be a leading indicator which GDP will follow. When that GDP line corrects it looks like it will pretty close to parabolic.
End FRB
I want to add that debt is one side of the coin, what is lent to you and as such becomes your liability to repay is to the lender an asset. That chart could just as easily be termed assets to GDP. If GDP is falling even as debt (money) is going parabolic then that means that it is a chart of concentration of wealth also having gone parabolic. Living standards are dropping fast, both real and nominal incomes are meteoric, average, mean, and median. Yet debt (money) is going through the roof. Do the math, the only way that can happen is that the top 1% which were and have been for a long time obscenely rich are now at the point of owning everything in real terms.
313,000,000 of us and just over 3 million own it all. And moreover that line is exponential, soon it will be 3,000 that own everything and all of us. Then 15. If you think it can't happen or that things would fall apart before that I advise you once again to go to any Mexican town over 500,000 people and open your eyes. Go to Tijuana, Juarez. Because that is just exactly what they have and where we are headed. A narco republic feudal state where the lords are drug lords who dabble in weapons sales and wholesale murder.
European feudalism ended right around the time that firearms appeared. It's not a coincidence: Suddenly a commoner could blast a nobleman off his high horse.
And armor no longer worked
I don't think that applies any longer to the armoured cars that the banksters drive around in.
damn difficult to take out those drones , they are really hard to hit especially the little bluebirds.
ingress/egress
An excellent observation, aerojet.
Some scholars argue that the crusades and the black death in combination ended feudalism. The most war-like of the nobility went on crusades and got themselves killed, while the black death cleared some living space and increased the value of labour quite significantly. It became cheaper to pay peasants and workers than it was to hire enforcers to extort them.
Now, what will it take to get the bankers to join the Marines?
I would argue that feudalism started to retreat with the Italian Communes in the Renessaince, i.e. the rebirth of walled republican Cities vs feudal "Hinterlands".
The word was: "City Air sets you Free" since leaving for the City made you a valuable Citizen instead of a valueless Serf.
If I recall correctly, in England, if a serf ran away and could live for a year and a day in a city without being caught they were officially free and no longer tied to the land.
The Crusades exposed Europe to the classics. Over 90% of what was preserved from Rome and Greece came from the Middle East during these wars. King Richard was known to be a learned man, but he only had 12 books, and judging from his reputation, I doubt he ever read them. The Franks at this time were barbarians exposed to no new ideas, living within one mile of the place of their birth.
Yes, gunpowder lessened the advantage of armor, and more importantly castles, but it was the ideas and the splendor the Crusaders were exposed to that changed everything. Don't forget, there were a lot of Crusaders who, after finding good hygene, great food, great weather, and lots of booty, never returned to Europe. Their voluntarily staying while others returned home validated the tales they told of a place where there was a better life, and this set the stage for social change.
The people on the farm who couldn't participate wanted a piece of the action too. More importantly, because the people in charge had been the chief beneficiaries of the Crusades, they thought differently about change and were more open to doing business differently. Until these ideas entered their society, change was unthinkable.
That's my 2 cents.