A Simple Matter Of Slopes

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Sometimes one picture really is worth a thousand words.

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Thu, 02/23/2012 - 22:27 | 2191517 quebecgold
quebecgold's picture

Let’s play!

Let free the Tyler Durden in you!

Tomorrow(02/24) everyone tweets ‘’Greece Defaults’’ on twitter at exactly 10:03 (ET).

It’s time to see how bad the Algos will react to this storm of tweets.

Respond to this message saying you are IN!

Thu, 02/23/2012 - 22:29 | 2191527 The Shootist
The Shootist's picture

Sounds good.

Thu, 02/23/2012 - 22:50 | 2191600 flacon
flacon's picture

Please understand what we are going through. Watch this video before you post anyting, unless you are a troll. 

 

LaRouche's Triple Curve:

 

http://www.youtube.com/watch?v=gXR4euEgDX4

 

 

Thu, 02/23/2012 - 22:56 | 2191615 TruthInSunshine
TruthInSunshine's picture

Zero Hedge is far too optimistic.

The real debt is on a 90 degree axis, whether one chooses to believe former Chief U.S. Comptroller David M. Walker, or former Reagan Economic Advisor Laurence Kotlikoff.

 

(60 trillion USD or 202 trillion USD, depending on whether to take future "obligatory" entitlement program spending into account)

Thu, 02/23/2012 - 22:59 | 2191627 Mr Lennon Hendrix
Mr Lennon Hendrix's picture

I'm confused, are we tweeting "Greece defaults" or "America defaults"?

Thu, 02/23/2012 - 23:01 | 2191632 TruthInSunshine
TruthInSunshine's picture

Either. You can add another dozen nations, most developed ones, such as Japan, Italy, Spain, France the UK and Japan to the list.

 

And congratulations to President Obama, who has managed to oversee a near tripling of the *official* national debt from the time he gave his eloquent speech as a senator justifying his vote against a debt ceiling hike just 6 short years ago:

 

"The fact that we are here today to debate raising America’s debt limit is a sign of leadership failure. It is a sign that the U.S. Government can’t pay its own bills. It is a sign that we now depend on ongoing financial assistance from foreign countries to finance our Government’s reckless fiscal policies.

 

Over the past 5 years, our federal debt has increased by $3.5 trillion to $8.6 trillion.That is “trillion” with a “T.” That is money that we have borrowed from the Social Security trust fund, borrowed from China and Japan, borrowed from American taxpayers. And over the next 5 years, between now and 2011, the President’s budget will increase the debt by almost another $3.5 trillion.

 

Numbers that large are sometimes hard to understand. Some people may wonder why they matter. Here is why: This year, the Federal Government will spend $220 billion on interest. That is more money to pay interest on our national debt than we’ll spend on Medicaid and the State Children’s Health Insurance Program. That is more money to pay interest on our debt this year than we will spend on education, homeland security, transportation, and veterans benefits combined. It is more money in one year than we are likely to spend to rebuild the devastated gulf coast in a way that honors the best of America.

 

And the cost of our debt is one of the fastest growing expenses in the Federal budget. This rising debt is a hidden domestic enemy, robbing our cities and States of critical investments in infrastructure like bridges, ports, and levees; robbing our families and our children of critical investments in education and health care reform; robbing our seniors of the retirement and health security they have counted on.

 

Every dollar we pay in interest is a dollar that is not going to investment in America’s priorities."

 

 

Senator Barack Obama
Senate Floor Speech on Public Debt
March 16, 2006

Thu, 02/23/2012 - 23:41 | 2191724 I should be working
I should be working's picture

That was before he went from fighting the power to just in power. WTF difference does it make anymore? Just make up a bunch more money on some computer at the NY fed and be done with it.

Fri, 02/24/2012 - 03:32 | 2191979 sitenine
sitenine's picture

Bingo! And it looks like that is EXACTLY what they are doing. I read some weird shit sometimes, but nothing quite as weird as this:

Lord James of Blackheath: $15 Trillion Transferred to HSBC Connected to JP Morgan and Federal Reserve

http://silverdoctors.blogspot.com/2012/02/lord-james-of-blackheath-myste...

 

Does anyone have verification that any of this is true?  I mean, if this is true, then holy fuck.

Fri, 02/24/2012 - 04:48 | 2192036 azusgm
azusgm's picture

Foundation 'X' speech from over a year ago:

http://www.youtube.com/watch?v=QaA-5_IjkeE

Fri, 02/24/2012 - 06:10 | 2192129 putaipan
putaipan's picture
hey boss- this really is rabbit hole stuff, but kind of fun anyway....
before  Blackheath II- there was  Blackheath I where he said foundation x offered to pay all of great britons debt
and don't forget the first time "fake bonds" showed up in italy. what is wierd is that any mention of this stuff
always showed up on the most mamby pansy new age unicorn sites. think nasara . anyhoo- here are some of the
better linkys.
 
 
http://wtsnb.blogspot.com/ written by a weird looking lady with a banking backgound that writes fictional accounts of simular stuff
 
http://chasvoice.blogspot.com/2011/12/confirmed-trillion-dollar-lawsuit-that.html#axzz3auUFHarF summery of the fulford
referenced law suit filed in ny.
 
http://www.foundlifegh3.com/Blank.html
http://projectavalon.net/forum4/showthread.php?38491-White-Spiritual-Boy
these two are more from the philipines/japanese style beare bonds (i think these are the type of documents blackhieth refers to) http://www.scribd.com/doc/9421535/Collateral-Damage-Part-2-The-Subprime-Crisis-and-the-Terrorist-Attacks-on-September-11-200126122008
 
http://www.zerohedge.com/news/presenting-exchange-stabilization-fund-5-parts-real-plunge-protection-team
if you missed this guy, son of one of the founders of the fed blaming treasury dept. for this kind of stuff
 
http://bullionbullscanada.com/us-commentary/24220-the-15-trillion-money-laundering-mystery your link, thnx
 
 
 
 
Fri, 02/24/2012 - 13:25 | 2193189 sitenine
sitenine's picture

Thank you. I was feeling all tin foily there for a while. Stranger days I can't recall - separating truth from fiction has become surprisingly difficult lately.

Fri, 02/24/2012 - 00:27 | 2191802 VelvetHog
VelvetHog's picture

Nobama was born of a donwind shart.  Give the little fella a break.  He's so busy "changing" things that he loses sight of the deficit from time to time.  Poor little fella.

Fri, 02/24/2012 - 02:18 | 2191916 MolotovCockhead
MolotovCockhead's picture

Typical case of "Pot calling the Kettle black" syndrome.

Fri, 02/24/2012 - 00:25 | 2191797 sodbuster
sodbuster's picture

Shit! It's a two-fer! Do both!!

Fri, 02/24/2012 - 03:43 | 2191998 Bringin It
Bringin It's picture

This is how the borg-collective-hive shows the posse shaping up at this time

Greece

http://www.google.com/trends/?q=greece+defaults&ctab=0&geo=all&date=all&...

and America

http://www.google.com/trends/?q=America+defaults&ctab=0&geo=all&date=all...

The data seems to indicate Greece is winning.

Thu, 02/23/2012 - 23:07 | 2191644 data_monkey
data_monkey's picture

Thank you. Earlier today when I did a quick calculation, I came up with $138Trillion but I probably missed something(s). and I'm not good with numbers so what do I know? I'll run with the Trillions number. Probably safer.

Thu, 02/23/2012 - 23:28 | 2191679 TruthInSunshine
TruthInSunshine's picture

No one should be anything but completely, batshit, green shoot optimistic.

Brian Wesbury, chief economist of First Trust Advisors (possibly the largest douchebag of sellside on the planet - that is saying A LOT) said so.

As a reminder, the last time 'ole Brian was this cocky...err confident....aww screw it, here are his past gems and the dates he flung them out like sharts of loose stools from his anal cavity:

 

Brian Westbury on CNBC on, 12/24/2007, “The US Equity market is about 25% undervalued today.” S&P500 at the time 1496

Brian Westbury on CNBC on, 1/22/2008, “There is really no evidence that the economy has turned over” “Initial unemployment claims were at 301 thousand in the latest reporting week. This is so far from a recessionary level I’m like, I’m shaking my head at anybody who thinks we’re in a recession.”
Already 1 month into the great recession

Brian Westbury on CNBC on, 1/24/2008, “Well I’ve never felt like we even came close to a recession, nor would we come close to a recession”
as above

Brian Westbury on CNBC on, 3/20/2008, “We’re not going to have a recession. In fact the economy is going to finish the year on a very, very strong note……Our forecasts say about 2% growth here in the first quarter and probably about one to one and a half in the second quarter. So we think we’re going to avoid anything that looks like a recession this year, yeah there’s some weak data right now, ahh but to me it does not look like recessionary kinds of data.”
3 months into recession

Brian Westbury on CNBC on, 5/30/2008, “I think the thing that’s different here, is that it’s now very clear that the economy, at least to me, is going to avoid a recession that the Fed is now done cutting rates dramatically, in fact may be raising rates pretty soon and that’s a whole different environment and that’s I think good for the stockmarket which means the economy is stronger and is also negative for oil”
5 months into recession

Brian Westbury on CNBC on, 5/30/2008, “I think that they will take it back mainly because we’re gonna be growing at a three and half to four percent rate in the second half of the year and inflation is not gonna go away, in other words it’s gonna be so obvious to everyone that they need to be raising rates that it’s not just taking it back it’s really they’re gonna have to react or they’re gonna have a problem the other way.
as above

Brian Westbury on CNBC on, 5/30/2008, “I think we’re gonna, I think this market is gonna take off, our Dow forecast by the end of the year is still 15,000.

Brian Westbury on Kudlow and Co, 06/21/2008, “The economy is now coming out of its slow period, our forecast is that we’re going to have three, three and a half percent growth in the second half of this year.”
6 months into recession

Brian Westbury on Kudlow and Co, 09/05/2008, “….between December and June, gasoline prices went up 17 cents a month, it was a killer, people were shocked, and I believe that’s what we’re seeing here, it’s just a shock to the system, we’re now bouncing back, auto sales soared and truck sales soared in August, I think this economy is nowhere near a recession.”
9 months into recession

Brian Wesbury on Kudlow and Co, 1/8/2009 in answer to the question what will the unemployment rate be after the December unemployment report:
probably up to about seven and quarter percent but that’s going to be the worst Larry, this is it, it’s the worst.
unemployment subsequently hit 10%

Brian Westbury on CNBC on, 12/22/2009, “But I still think by the end of next year we will have 5 maybe even 5 and a half percent interest rates because I expect an economy that’s growing at 5, 5 and a half percent.”

 

Thu, 02/23/2012 - 23:36 | 2191715 longdong silver
longdong silver's picture

It would be far more effective, to hold hands and sing koom by yaa.

Fri, 02/24/2012 - 01:07 | 2191859 Don Smith
Don Smith's picture

I think on CNBC it's "Kam BOO yah!"

Fri, 02/24/2012 - 07:06 | 2192153 _ConanTheLibert...
_ConanTheLibertarian_'s picture

KABOOM yah

Thu, 02/23/2012 - 23:50 | 2191747 I should be working
I should be working's picture

Yeah but you can't time the market by doing the opposite of a broken clock. He is always bullish because that's his job. I'm sure he was also saying stupid bullish shit in 2004 through 2006.

I don't worry when these guys are bullish morons because they always are. When the public starts going batshit crazy over stocks then it's time to get scared.

Fri, 02/24/2012 - 00:02 | 2191766 LowProfile
LowProfile's picture

Flinging...  Sharts...  You sir, are a wordsmith.

That reminded me of this http://4closurefraud.org/2010/05/14/pompous-prognosticators-chart-of-the...

Fri, 02/24/2012 - 00:09 | 2191773 Pairadimes
Pairadimes's picture

Either no one has ever listened to this guy, or he has world-class security.

Fri, 02/24/2012 - 00:09 | 2191774 Element
Element's picture

OMG! ... he should have landed a no-bell prize by now ... wtf?!

Fri, 02/24/2012 - 00:12 | 2191777 palmereldritch
palmereldritch's picture

Brian Westbury on CBS Radio, Pearl Harbour, December 7, 1941, “Despite the endless strafing this bodes well for Japanese tourism.”

Fri, 02/24/2012 - 00:29 | 2191807 TruthInSunshine
TruthInSunshine's picture

Brian Wesbury stars in Animal House:

 

Animal House: Germans Bombed Pearl Harbor - YouTube
Fri, 02/24/2012 - 00:28 | 2191805 palmereldritch
palmereldritch's picture

Brian Westbury on NBC Radio, Lakehurst Naval Air Station, May 6, 1937, “An unconventional landing for an unconventional air ship!”

Fri, 02/24/2012 - 01:05 | 2191857 Don Smith
Don Smith's picture

sharts of loose stools from his anal cavity...

I believe that is called Santorum.

Fri, 02/24/2012 - 01:13 | 2191866 Calmyourself
Calmyourself's picture

called santorum and looks more bammaish..

Fri, 02/24/2012 - 08:56 | 2192250 Kaaos
Kaaos's picture

To TruthInSunshine: That was amuzing post regarding Brian Wesbury (newer heard before, lucky me). I went to look First Trust Advisors (Trust me!) Monday Morning Outlook posts all back to 2007. Unbelievable bullshit, how they can have any clients left with the permabull writings all over 2007-2008 whit the DOW target 15K on April 2008. This guy was ranked the nations #1 U.S economic forecaster  on year 2001 by WSJ!

Hillarious headlines (last post 25th of August "Long Term Trend Still Bullish"):

OMG!

  8/25/2008 Long Term Trend Still Bullish 8/18/2008 Commodity Price Slide Not a Good Reason to Postpone Rate Hikes 8/11/2008 What Hath The Fed Wrought? 8/4/2008 GDP Report "Mis-Underestimated" July 2008 7/28/2008 Stocks: The Only Game in Town? 7/21/2008 Growth Was Solid in Q2 7/14/2008 Don't Forget Government Failure 7/7/2008 Where Does Inflation Come From? June 2008 6/30/2008 Freedom and Optimism 6/23/2008 Commodity Peak, Dollar Bottom 6/16/2008 The Phantom Recession is Already Over 6/9/2008 No Oil Recession 6/2/2008 Cap and Trade Trap May 2008 5/27/2008 Bubble Trouble 5/19/2008 Yes, We Have No Bananas 5/12/2008 Deficit Rising, But Tax Hikes Not Warranted 5/5/2008 Economic Fundamentals Say No Recession April 2008 4/28/2008 Still No Recession 4/21/2008 Monday Morning Outlook - A Stronger Dollar Requires Tighter Money 4/14/2008 More Inflation: On Its Way 4/7/2008 Still at Dow 15000
Fri, 02/24/2012 - 00:50 | 2191841 Pool Shark
Pool Shark's picture

 

 

Is this like Ghostbusters where crossing the streams causes the world to implode?...

 

 

Fri, 02/24/2012 - 03:16 | 2191955 Michael
Michael's picture

If I owned stock in the Federal Reserve, I'd really be seriously thinking about selling my stock right now.

The Fed is stuffed to the rafters with toxic waste.

 

Fri, 02/24/2012 - 03:59 | 2192010 Dr Zaius
Dr Zaius's picture

Does it really matter?  Phony money was used to pay for phony assets. 

Fri, 02/24/2012 - 08:36 | 2192222 ONO47
ONO47's picture

They already know they have no choice but to default on future "obligatory" entitlement programs. The devaluation is the 'initial' step and then the default will escalate to no payments at all. They will use words like 'Shared sacrifice' and 'skin in the game' and all that. 

Thu, 02/23/2012 - 23:07 | 2191645 whatsinaname
whatsinaname's picture

gurgle gurgle

Fri, 02/24/2012 - 00:39 | 2191810 sitenine
sitenine's picture

Exactly right @flacon!

For any curious folk out there; if you want to learn more about LaRouche's Triple Curve, and you really should, please consider watching this great video:

"LPACTV: Rosa Luxemburg and LaRouche's Triple Curve"

http://www.youtube.com/watch?feature=endscreen&NR=1&v=mB22TjDcHeI

Basically, EVERYTHING going on right now, including 'biflation' was written about and published in 1913 (does that year ring a bell??), and it was predicted in great detail by LaRouche in the very early 70's.

Fri, 02/24/2012 - 01:15 | 2191867 flacon
flacon's picture

Right on man! Right on! Too many people do not understand this. 

Fri, 02/24/2012 - 02:02 | 2191905 Demologos
Demologos's picture

Triple curve is right!  But there needs to be a correction to GDP numbers.  It used to be a measure of what the country physically produced.  Now it is composed of phony stock valuations, inflated real estate transactions, porn movie revenues, iPad sales, solar energy companies gone bust, speculation-driven spiking commodity prices, casino profits, call girl income, drug money laundering, and political campaign expenditures.  Using a GDP number based on the old fashioned economy of actually making things, the real production curve in the Triple Curve graph would have headed south much sooner than using today's GDP numbers.

Fri, 02/24/2012 - 02:14 | 2191912 flacon
flacon's picture

GDP according to Keynes = that which is CONSUMED. Look it up, PRODUCTION = CONSUMPTION. It's the most famous equation in the entire world, even more famous than that E = mc^2. KEYNES SAID THAT CONSUMPTION = PRODUCTION. The only other equation that comes even close to the fame of Keynes is 1 + 1 = 2, but even that is disputed. Keynes is never disputed. THE MORE WE CONSUME THE MORE GDP RISES, AND THE MORE MONEY THE GOVERNMENT PRINTS THE MORE GDP RISES AND THAT IS A SCIENTIFIC FACT LIKE YOU WILL FAIL YOUR MAJOR IN UNIVERSITY IF YOU REFUTE THAT! 

 

bull shit! 

 

FUCK YOU KEYNES! One can not CONSUME his way to prosperty, and you the fucker know that! 

Fri, 02/24/2012 - 04:11 | 2192016 AnAnonymous
AnAnonymous's picture

While production does not equal consumption, production is consumption.

The issue is not with the admittance of this basic fact.

The issue is that US citizens have pushed the fallacy that they could overcome the environment, that the environment was no limits to them (contrary to all the other inferior people)

That is the issue.

So what do we have now? In order to rationalize a massive theft that has even gone against their own creed, US citizens have forced the idea they were stealing from inferior people who could not manage their own resources properly.

US citizens would do so much better.

The result: largest, fastest depletion of the environment on a global scale, nowhere to run, nowhere to hide.

Work is consumption. Production is consumption. Now, if you have a way to avoid that little fact, working without consuming resources, well, feel free to patent it and up to the stars and beyond.

For once, we'll get a US citizen saviour of humanity. This will change from their usual but untold role as the gravedigger for humanity.

Fri, 02/24/2012 - 07:34 | 2192176 ----------- End...
----------- End Quote's picture

The triple curve is useful to understand the current economic collapse, but that guys solution appears to be more of the same.

Fri, 02/24/2012 - 07:53 | 2192189 MarkTwainsMustache
MarkTwainsMustache's picture

Even economists with big white beards can get it wrong!!! What a relief.

Fri, 02/24/2012 - 09:29 | 2192304 Jason T
Jason T's picture

I just reviewed that yesterday and it's happening!  Look at gasoline stocks and usage.  Look at our Cattle count in the US.. back to 1954 levels.  The physical economy is disintigrating.. the only commercial activity growing is speculation.

Fri, 02/24/2012 - 10:07 | 2192372 hangemhigh77
hangemhigh77's picture

well he can't be right because  he has a beard, so everything he said is a conspiracy theory.

Thu, 02/23/2012 - 22:30 | 2191535 Ivanovich
Ivanovich's picture

Awesome!  I'm in!

Thu, 02/23/2012 - 22:35 | 2191552 francis_sawyer
Fri, 02/24/2012 - 03:50 | 2192001 wandstrasse
wandstrasse's picture

I would also like to join ... where can I buy such a 'Twitter'?

Fri, 02/24/2012 - 05:08 | 2192065 TuesdayBen
TuesdayBen's picture

They're usually right next to the Twinkies

Thu, 02/23/2012 - 22:45 | 2191589 optimator
optimator's picture

I love it.

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