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Ever wondered what would happen if someone actually "showed you the money"? Well, here it is. All of it.
via XKCD h/t Peter Eller
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Is this it? Is this all life has to offer? Eye damaging ZH posts?
take out your magifying glass and put it over your computer screen ..........
Oh, much better. Thanks.
What are all those colored squares?
what the fuck?
Chasey Lain.
Is it what you're doing to your gun...sick, you freak. But you don't have time, they reading your mind, you see the grocer who smile at check out line...yes, a YID!
THE YIDS ARE COMING TO GET YOU!
Show me the Money Bitchez!
libertarian86.blogspot.com
Glad to know annual cost of rabbit ownership is more than a dog which is more than a cat - had me worried there. Seriously?
I love black people!!!
~Jerry Maguire
How do you feel about Kenyan mulattoes?
If the only one I know of is any indication, they suck legions of donkeys
belichick make that chart?
Newsflash: "Assets" of dubious value, e.g. stock shares, does not equal money.
Value of all the gold in the world ever mined = 9 blue squares on this chart. Value of all fiat money, bonds, debt instruments and other various ponzi schemes currently in play that all become irredeemable = 10,000 blue squares.
The Coinage Act of 1792 was never repealed:
http://www.youtube.com/watch?v=aYVrkYTh2jU
However, the subsequent Coinage Act of 1900 established the statutory gold equivalent of a silver dollar:
http://www.simpleliberty.org/aamht/1900-present.htm
The President and Congress swore to uphold the law of the land when they took office.
Said parties sanction the breaking of the law of the land.
The first video above mentions what the law of the land establishes as the penalty for breaking the law of the land.
Sell, sell, SELL your gold!
If your synopsis is accurate, looks like the Agricultural Adjustment Act coupled with the Gold Reserve Act effectively virtualizes the "US Dollar" and separates it from the previous bimetallic standard.
Hard to believe that there haven't been any relevant challenges or decisions on the subject since the '30s, though.
Why do the nutmegs only reliably show up on Saturdays?
Welfare offices closed?
Still trying to put this post into final 64 form...
i can see my house!
This post sucks. I can't see the details of the fucking map.
Here's a better article(and it has a video so u don't have to read too much):
http://cofcc.org/2011/11/former-cia-cheif-says-washington-has-invented-a...
Michael Scheuer, former CIA chief of the Bid Laden unit, describes US foreign policy as “very efficient in creating enemies.” Scheuer is well known for being critical of the Israeli and Saudi foreign lobbies in the US.
This may not work with your browser/system setup but Ctrl and + increases the magnification of the screen. Get back to less magnification via Ctrl and - . From there you can grab the screen with a mouse click and drag and move around the chart. At least it works with my Gateway PC and Chrome.
And OT, this is just one more way in which ZH blows my mind on a regular basis and why I keep coming back for more. But it's funny, unlike other commenters, I started with the dollars and worked my way up. I guess needed to establish a frame of reference to understand the bigger numbers.
Why are we using debt as money? The impact of this is globally devastating. Who created this and why? Consider the following:
Source: The Flaming Sword, Vol. XII September 2, 1898
"If that mischievous financial policy,[interest free colonial script money], which had its origin in the North American Republic, should become indurated down to a fixture, then that government will furnish its own money without cost. It will pay off debts and be without a debt. It will have all the money necessary to carry on its commerce. It will become prosperous beyond precedent in the history of civilized governments of the world. The brains and the wealth of all countries will go to North America. That government must be destroyed or it will destroy every monarchy on the globe."
What this means is that our $250T debt [total unfunded liabilities] would not exist today if congress had not passed the Federal Reserve Act in 1913, and we as a country would collectively be $250T richer. This represents more than $1M per taxpayer.
Can some of you knowledgeable ZeroHedgers please explain why we must use debt as money? What prevents the world from paying down all debt with debt free money? Just declare a one for one mandatory substitution. There would be no need for tax.
If We The People declare to Congress that the US Constitution does not give Congress authority to delegate to the Fed or anyone else, the power to create US money, then We The People, the only true Sovereigns of this Nation, could declare the Fed unconstitutional retroactively and demand the illegally paid interest be returned. All $1M per taxpayer could be returned back from the owners of the FED. Colonial Script and Greenbacks worked as Unit of Account and Transactional currency. So can HR-2990 especially in conjunction with HR-4248 as store of wealth. See FOFOA for details.
HR 2990 – http://tiny.cc/sbl4l
HR 4248 – http://tiny.cc/5s91t
FOFOA – http://tiny.cc/8a0i5
You can expect a dark sedan parked in front of your house in the coming weeks.
When government can create its own money "debt-free" as you call it, we've labeled it "communism" and done everything possible to prevent it from spreading.
There are plenty of terrible problems that result from letting government print money for whatever purpose it desires. There are problems with letting the bankers do it too, so you're welcome to make the case that government should directly control money supply. Good luck.
Dear blunderdog,
ref: "When government can create its own money "debt-free" as you call it, we've labeled it "communism" and done everything possible to prevent it from spreading.
There are plenty of terrible problems that result from letting government print money for whatever purpose it desires."
Thank you for the response. I am trying to learn here, and help others learn about these issues. So are you saying that you would label as communism the 13 original colonies since they used Colonial Script? They just jointly agreed on what to use as a medium of exchanage. This helps a free market function better than barter. That is not communism. Perhaps that label was intended to misdirect you. I would like to hear your response to this observation.
I agree a lot of things can go wrong, and it is the responsibility of free men to keep their government honest. Government is our servant to do our bidding.
I welcome comments from all who can help explain why this is or is not a good idea. Thanks in advance.
"we've labeled it "communism" and done everything possible to prevent it from spreading" Yes, those who benefit from using debt as money would do everything possible to prevent debt free money from spreading, including intentionally mislabeling it as communism. Debt as money is the greatest scourge mankind has ever known. And for those who support it, the most profitable. Yes, they would do anything to save it including deceit, bribery, extortion, and murder.
Regardless of which approach is "best," you have to really reflexively understand why modern theory asserts money supply should be "elastic" before you declare some solution that's going to fix everything once and forever.
We're using debt as money because of fractional reserve banking, and it truly is as simple as that.
Fiat is one of the most powerful tools of economic, social and political control ever developed.
Allowing private entities to have a legal monopoly on producing the only recognized currency, conjured from thin air, at zero cost basis to the fractional reserve alchemists (but at great, great cost to alleged sovereign nations), upon which they can use to contol political, economic and social currents, and with which they can literally make infinite amounts of return and seize inherently valuable real assets (whether the loan made in the fiat conjured from thin air and leveraged up many dozens of times), allows for the greatest and most prolific Ponzi Scam, all supported and backed by the alleged sovereigns that are aupposed to have a moral social contract with their citizins protecting them from such acts of rape and tyranny, of all time.
Anyone who thinks that my words are hyperbolic doesn't understand the gravity of how fractional reserve banking genuinely does put honest and capable men in positions of having to beg for food in order to ward off starvation due to the practices of the Money Masters.
Never go into debt unless you've decided to gamble it all and put your very life and that of your children in the hands of the Money Masters.
Regardless of which approach is "best," you have to really reflexively understand why modern theory asserts money supply should be "elastic" before you declare some solution that's going to fix everything once and forever.
EurUSD rose and Putrids fell.
Time to go to the crosses. This is crap.
Screw the crosses. Gonna watch Yen Cross porn.
To you Libs, that means I'm out.
Thanks tyler. Nice work as always! Painful as it is... Might I interject some humor? http://www.bbc.co.uk/news/business-15748696
I'm sure you have imbibed. This is for the " working class".
Knew you were lurking. Your post was covered by ZH a while ago.
And I'm still out. Only a masochist would be in FX tonite.
Or a bankster.
Volatility is my best friend. I warned you about xau. I would play that trade @ the 50% fibi 1450-60 roughly , again.
If you are getting long the dollar, sell the rallies.
I have a hard time with 60 pips reversals in 10 minutes. Best of luck to you!
You obviously have more balls than brains.
I am envious.
Margin management, and trailing stops.
I'm a lightweight, and never sober enough for those tools.
Yet somehow, I do manage to pay for ponzi losses.
I go for a quick in an out in the time it takes to drink a case of beer, or, if I feel really good, I pass out and close the next day.
I have never used margin. That's like buying TZA, which I can't stay away from, and owes me 40K.
Go nail Fx for me tonite, ok? Mske a ton of fiatscos, or Aussies, or whatever. Just get them!
Uploaded by munderlarkst on Nov 21, 2011
From the Sanctuary For Independent Media in Troy, NY, 10/15/10. Check out mediasanctuary.org
Also, Go to 'Occupy Wall Street News and Videos' here: http://paper.li/f-1319837259 -- a daily paper to keep up with and support the Occupy movement!;
http://www.youtube.com/watch?v=AONOTCq90J8&feature=g-all&context=G1386fALTssLRgABAA
That is not even close to all of it.. I can name no less than 50 People that have more money than those named.. who all live within 5 miles of of where I am sitting.
and it does not take into account offshore trusts.
and it does not take into account royal(s).
I could keep going but it is just faster to say it is showing 1%, IF!
May a gator eat your sorry ass....
you are a coward.
i own you here, what would i have you doing to yourself in the real world.
you are the type that makes America Weak, you are the type that holds the Country back.. you are the cancer that should be cut out and studied so that no one else would / could fall victim to your genetic defect.
JW : I hope you are one of the infamous fifty.
It costs more per year to own a rabbit than a dog according to the chart. But you don't have to be Chinese to eat the rabbit if you get tired of the expense.
Funny how the answer is always "print more."
When in doubt...
XKCD!
XYCW?
Though, I do wonder what the next iteration of GMCQ will do.
The billionaires part is misleading. The top 10 richest people on earth are Japanese. It is the culture, in Japan, to keep a low profile so they do not run around and brag about their good fortunes. Instead, they quietly pull the strings of government.
tl;dr
http://www.kingworldnews.com/kingworldnews/Broadcast/Entries/2011/11/19_Jim_Rickards.html
rickards says the fed will not print anymore but says the imf will with sdr's...........
Well the FED can monetize SDR's into FRN's. Same net result will happen.
Rickards a YID? Oh no!! He'll print your name in book of death. Watch out scaredy gun fucking freak because....
THE YIDS ARE COMING TO GET YOU!
I hate shorting ( day trades) trades under the 50 fibi but the aud/usd trade looks ripe with a stop on the top of the ( hourly boli band), t/p mid 97's. Fundamentally the (aud) is linked to the (spx). The (euro) correlation is breaking down. As has GOLD, Aussie!
Reverse and pick up that gbp/usd move down ( back up) through europe. Play the edges . 1.3535- 1.3900Found what looks like some of his source data. Enjoy.
1,000,000,000,000: 1 Trillion dollars
1,000,000,000: 1 Billion dollars
1,000,000: 1 Million dollars
$400,000,000,000,000: Estimated total derivative exposure of all banks in the entire world. (20 x U.S. GDP) (up to $400 Trillion?)
$118,000,000,000,000: World Global Capital Markets (Stocks, Bonds, &?) Feb 2005 McKinsey Global Inst.
$75,000,000,000,000: U.S. Govt. unfunded liabilities; social security, etc.
$49,000,000,000,000: World bond market, Fall 2004 PWL Capital Inc.
$46,000,000,000,000: Total World Paper Money supply 2004; from M2 & GDP of EU, USA, Japan, & China (see SSR #56)
$45,153,000,000,000: U.S. Household wealth, as of first quarter, 2004. (Includes Real Estate, and investments)
$37,000,000,000,000: Total global equity market capitalization June 2001 UN.ORG
$21,700,000,000,000: Total global market capitalization of NYSE stocks, Dec '05 http://nyse.com
$21,000,000,000,000: U.S. bond market, Sept, '03: IAPF treas.gov
$12,605,000,000,000: U.S. GDP, 2005 (3Q) http://www.bea.doc.gov/bea/dn/home/gdp.htm
$10,261,000,000,000: M3 (money in U.S. banks) Jan '06 http://tinyurl.com/vra0
$8,249,000,000,000: US debt, 2-23-2006 http://www.publicdebt.treas.gov/opd/opdpenny.htm
$4,000,000,000,000: Total global market capitalization of Tokyo stocks, Dec '05 http://nyse.com
$3,600,000,000,000: Total global market capitalization of Nasdaq stocks, Dec '05 http://nyse.com
$3,000,000,000,000: Total global market capitalization of London stocks, Dec '05 http://nyse.com
$2,622,000,000,000: Total gold mined in all of history, 150,000 T (4.6 bil oz.) @ $570/oz. http://tinyurl.com/vrcc
$2,500,000,000,000: Total global market capitalization of Euronext stocks, Dec '05 http://nyse.com
$2,400,000,000,000: U.S. annual budget 2005
$1,200,000,000,000: Total global market capitalization of Deutsche Boerse stocks, Dec '05 http://nyse.com
$754,000,000,000: Total U.S. paper currency & coin in circulation, March 2005 http://www.fms.treas.gov/bulletin/index.html
$753,000,000,000: Annual U.S. current account deficit (trade deficit) for 2005, (annualized from 1 Q 2005).
$596,000,000,000: U.S. debt increase (true deficit) (Fiscal year '03-'04). http://www.publicdebt.treas.gov/opd/opdpenny.htm
$400,000,000,000: Total silver mined in all of history: 40 billion oz. @ $10/oz. http://snipurl.com/93j1
$376,000,000,000: Market Cap of Exxon Mobil (biggest U.S. Corp.) (8-05) http://finance.yahoo.com/q?s=XOM
$286,000,000,000: Debt of General Motors (biggest U.S. car company) Jan 2006
$149,000,000,000: US gold, 261 mil oz., @ $570/oz. http://tinyurl.com/vsr9
$110,000,000,000: all the world's gold stocks/equities (Sept. 25, 2005, Denver Gold Conference)
$75,000,000,000: Money flowed into Equity funds in the first quarter, 2004
$26,000,000,000: Market Cap of Newmont July '05 (biggest gold company in the world)
$8,226,000,000: all the world's "primary" silver stocks (80 of them on this list, as of June 25, 2004) --my own data.
$7,000,000,000: annual flow of money "lost" in Las Vegas while gambling.
$4,000,000,000: Total annual ATM penalty fees http://redtape.msnbc.com/2005/10/now_even_atm_de.html $13/year per household
$3,500,000,000: 350 mil oz. of "identifiable" silver bullion left in the entire world, according to GFMS @ $10/oz.
$1,300,000,000: 130 million oz. of silver needed by the Barclays Silver ETF: feared to cause a silver shortage by the SUA.
$720,000,000: 72 mil oz. of "registered" NYMEX silver bullion (1-05-05) @ $10/oz. http://www.nymex.com/sil_fut_wareho.aspx
$266,000,000: 40 million oz. of silver purchased for investment, in 2004 at $6.66/oz.
$75,000,000: Limit 7.5 mil oz. of silver @ $10/oz. (limit of 1500 contracts per trader) at NYMEX
$15,000,000: Limit 1.5 mil oz. of silver @ $10/oz. (potential 1 month delivery limit) at NYMEX
$7,500,000: Limit .75 mil oz. of silver @ $10/oz. (over 150 contracts and you must reveal who you are) at NYMEX
$100,000: Limit of FDIC insurance per bank account.
$5,000: Limit of average cash withdrawl from small town banks, without ordering cash in advance.
$300: Limit of average ATM daily withdrawl
$10: Approximate amount of silver available per person in the U.S. at $10/oz., given 300 million oz., if that is available.
UPDATED FOR TODAY:
michael Phelps : only has how many of those gold nuggets he found in those olympic swimming pools?
Anyone find Rumsfield's 2.3 trillion?
For those of you who invest in an IRA or for long term goals, theres a better approach than buy,hold,hope. Stocks follow the economy so analyzing the economy, specifically the factors that are "leading indicators" and having exposure to equities only when the economy is headed in the right direction and avoiding equities in favor of safe haven baskets is a much more logical approach. And missing the major drawdowns is the only way to help ensure meeting your goals. If you are interested in investing in a portfolio that tactically invests in equity and safe haven baskets via ETF's automatically, please email me at:
eclark@breakaway-partners.com
and I'll add you to the weekly market commentary & portfolio update distribution list. Its free to add you and you can follow along our model and our views. We have been RISK-OFF since 6/30 so have missed all this wicked volatility. Currently invested in short duration treasury baskets as flight to safety drives interest in our debt.
At #221 on Forbes, Neil Bluhm, is listed with $1.8b but his influence goes way beyond Trump, Zell or even Wynn! Part of the proof of this is his ultra-low profile and his role in the Chicago political machine. After all, everyone knows of Bugsy Siegel, but who knows who gave the order to have him shot?
Need some levity after this depressing post.
Ron Paul Dominates and Rick Perry finds out Gardasil doesn't prevent The Syph in the Animated GOP Presidential Debate!
So the royal wedding, a one day event, cost about 53x more than a middle class US worker will make in an entire 40 year career. How can this not end in guillotines again? That is an horrific statistic.
I asked a brit about this along time ago. he said "Its about tourism, they bring in more than we spend on them" Which explains why the Aussies are not willing to pay the franchise fees anymore, since nobody goes to australia to visit royal tourist venues. I got no problem with that if it works for the UK. But dont be surprised if the Scots and the Irish want to restore their own monarchy for the same reason. Many pro-sports franchises are losing money, so if castles and fuedlism are want the people want, why not set up shop?
BUCK up Little campers, the good traders will clean-up over the next month. Opportunity is upon us!
Never drop below 1000 % / available margin, and the World is Yours! Tony Montana, told me that. SARC? (:
UPDATE: I'm adding to my eur/chf long trade! I see 1.38 by Wednesday. The gbp/aud trade looks ripe , confirmation on the big move 61.8 /159? twice is an adding hedge against aud/usd short.
Live Trading transcripts from a one of the best trading rooms: Ex Bond traders are running C3X.
http://capital3x.com/trades/21-nov-live-trading-transcripts/
Well Sprotts buying another 1.5 billion in silver before new years, games over bitches
I found two errors already: the cost of the Civil War vs the Spanish-American war, and the value of a suitcase full of $100 bills.
What is a "US dollar"?
Here's a good way to understand what a US dollar is.
1) Think of America as a huge corporation. America Inc.
2) Think of US currency, Federal Reserve Notes to be specific, as the common stock of America Inc.
Now it's easy to see what happens when the Fed prints more currency. It's like issuing more shares of common stock of America Inc. It dilutes the value of existing shares.
It's also easy to see what happens when the Fed prints currency (or the digital equivalent) and buys (worthless) securities from banks to bail them out (again). The Fed is giving shares of common stock of America Inc. to banks in exchange for (worthless) securities (MBS, Euro sovereign bonds, etc).
Same thing happens when the Fed prints currency and buys US government treasury bonds. The Fed is giving the US government newly issued shares of common stock of America Inc. in exchange for promises to "pay" those shares back to the Fed at some point in the future (where they would be destroyed more or less, reducing the total number of shares in existence). But the newly issued shares from the Fed dilute the value of all the other shares out there.
The currency in your pocket (and paycheck, bank account and brokerage account, etc) is shares of common stock of America Inc. When the Fed prints more currency, i.e. issues more shares of common stock, it dilutes the value of shares you have.
Another way for shares you have to lose value is if the "book value" of America Inc. drops, as expressed by GDP. Since '08 the "book value" of America Inc. has been dropping because (real) GDP has been dropping.
Those two things, the book value of America Inc. dropping, and the Fed continuously issuing more shares of common stock, are why your shares have lost 1/3 of their value since '08.
This is a simple easy to understand analogy. Yet PhD economists like Paul Krugman don't seem to understand it.
He keeps advocating more currency printing (issuing more shares of common stock) thinking it will help the economy recover. He apparently doesn't understand that issuing more shares dilutes the value of existing shares. Or he understands it and refuses to talk about it. Or he simply doesn't care ...like Bernanke doesn't care ...and Obama doesn't care ...etc, etc.
No, these people never talk about how the US dollar is losing value from all this currency printing to keep the US government operating and keep bailing out insolvent banks.
And Krugman never talks about how none of this currency printing is being used to help the economy. It's all given to the government and (insolvent) banks.
utterly totally and shamelessly stolen. Very well said.
It sure isn't a camel toe . You must be really desperate! I guess the Gander isn't all it was cooked up to be.
Singapore Sundays :)
That's an OK analogy, but it's not just the Fed that's the problem, because it's not just "currency" that matters. It's the more generic form of the "dollar" that caused this problem.
The private banks created too many dollars over the course of the past 20 years. We'd be in trouble right now even if the Fed hadn't done anything in '08.
Holy crap! I need to buy a much, much larger screen in order to view this. That should help the spending component of the GDP, right? I'm also claiming the "Unclaimed US treasury bonds," first!
WHAT is more gentle than a wind in summer? What is more soothing than the pretty hummer That stays one moment in an open flower, And buzzes cheerily from bower to bower? What is more tranquil than a musk-rose blowing In a green island, far from all men’s knowing? More healthful than the leafiness of dales? More secret than a nest of nightingales? More serene than Cordelia’s countenance? More full of visions than a high romance? Wreather of poppy buds, and weeping willows! Silent entangler of a beauty’s tresses! Most happy listener! when the morning blesses Thee for enlivening all the cheerful eyes That glance so brightly at the new sun-rise.
What, but thee Sleep? Soft closer of our eyes! Low murmurer of tender lullabies! Light hoverer around our happy pillows!
quid debemus cogitare?
http://www.forbes.com/sites/billsinger/2011/11/04/did-someone-at-finra-d...
http://capital3x.com/trades/rating-by-country/
Rating by country across all rating agencies
I see only paper, I see no money there. ups
Annual cost of rabbit ownership is $730? That's absurd. I'm selling the fucker and buying a golden toilet instead.
Where's the section on the OWS movement? Be great to see (in tax payer dollars of course as they have no money):
Be cool wouldn't it...?
In that "Trillions" section, if you look real close, you can find Robert Mugabe.
rabbits/yr are more expensive than dogs? Also, $1500 is hardly a "high end" bike. $1500 doesn't even get you a carbon frame.