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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 - 22:26 | 2191515 Capitalist
Capitalist's picture

Is that red line the gold price?

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:



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


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:

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. written by a weird looking lady with a banking backgound that writes fictional accounts of simular stuff summery of the fulford
referenced law suit filed in ny.
these two are more from the philipines/japanese style beare bonds (i think these are the type of documents blackhieth refers to)
if you missed this guy, son of one of the founders of the fed blaming treasury dept. for this kind of stuff 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


and America

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


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

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"):


  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"

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.

Thu, 02/23/2012 - 23:00 | 2191607 Dr. Richard Head
Dr. Richard Head's picture

I promoted my bullshit site for those family stickers - just two passing posts. The stickers are more realistic with drunken, chain-smoking father, pissed mom, arguing kids, and pooping dog (my family I guess). I pulled over 5,000 visits over a two-hour period. I would imagine a message like this would hit viral Anon style. Fucking overload.

Thu, 02/23/2012 - 23:01 | 2191630 JPM Hater001
JPM Hater001's picture

I put a reminder in my calendar

Thu, 02/23/2012 - 23:22 | 2191677 Comay Mierda
Comay Mierda's picture

Fuck yea dude, unleash the twitter assault, stupid algos have hijacked the market. the funny thing is we will trigger another flash crash and the regulators will pretend nothing happened.

Fri, 02/24/2012 - 01:03 | 2191853 Don Smith
Don Smith's picture

I will tweet "Greece annonuces it will default on it's sovereign debt. #Greecedefaults" at 7:03 PST to all whopping 108 of my followers. Then I will RT any other #Greecedefaults hashtags.  Sounds fun!

Fri, 02/24/2012 - 01:30 | 2191883 TruthInSunshine
TruthInSunshine's picture

Can you tweet that The Bernank choked on his morning Cinnabon and was unable to be revived, and that Paul Volcker has been nominated in a hasty Rose Garden presser as his replacement?

That really ought to give the algo scanning bots a mind fark.

Fri, 02/24/2012 - 02:58 | 2191950 Don Smith
Don Smith's picture


Fri, 02/24/2012 - 03:57 | 2192008 Element
Element's picture

Nah, they'll determine that we're the source of 'error' and unleash the nukes.

Fri, 02/24/2012 - 01:57 | 2191898 Malachi Constant
Malachi Constant's picture

10:30 EST, no? Got my tweet scheduled for that moment.

Fri, 02/24/2012 - 03:00 | 2191953 Don Smith
Don Smith's picture

No, 10:03.  Change your Twuffer.

Fri, 02/24/2012 - 02:14 | 2191904 palmereldritch
palmereldritch's picture

A Trojan Twitter about Greece as a gift for the Algos. How ironic.

Fri, 02/24/2012 - 03:44 | 2191999 OldPhart
OldPhart's picture

That's 7am for me, I'm out.  And since I'm not a Twit (don't know how) what are my daisy chain options? 


Fri, 02/24/2012 - 04:12 | 2192017 DrunkHarryReid
DrunkHarryReid's picture


Fri, 02/24/2012 - 04:26 | 2192026 DrunkHarryReid
DrunkHarryReid's picture

Certainly having #greecedefaults as a trending hashtag on twitter is an admirable goal that will bake the klystrons.

Fri, 02/24/2012 - 08:50 | 2192239 _ConanTheLibert...
_ConanTheLibertarian_'s picture

OK, this would be 15:03 GMT.

I don't use Twitter. Any website I can go to send the message?

Fri, 02/24/2012 - 11:00 | 2192570 Zymurguy
Zymurguy's picture

I'm game... but what is a tweet?

Fri, 02/24/2012 - 17:27 | 2194216 css1971
css1971's picture

What time is ET in UTC?

Thu, 02/23/2012 - 23:25 | 2191686 longdong silver
longdong silver's picture

this is Bullish Silver....biches.

Thu, 02/23/2012 - 23:41 | 2191726 longdong silver
longdong silver's picture

None of this is important right now.

Nascar is on television.

Fri, 02/24/2012 - 00:17 | 2191782 LongSoupLine
LongSoupLine's picture

"Houston, we have target intercept...go for operation "silver spike"".

Fri, 02/24/2012 - 09:06 | 2192266 tarsubil
tarsubil's picture

They are both chem trails. When mixed they act like something similar to mustard gas.

Thu, 02/23/2012 - 22:27 | 2191516 quebecgold
quebecgold's picture


Thu, 02/23/2012 - 22:29 | 2191526 AN0NYM0US
AN0NYM0US's picture

with the title of this article I thought for a moment that Mr Ego had returned.


Thu, 02/23/2012 - 22:27 | 2191520 LawsofPhysics
LawsofPhysics's picture

Red line needs to go parabolic in order to maintain growth in a "traditional" eCONomic model. Interesting times indeed.

Thu, 02/23/2012 - 22:33 | 2191545 francis_sawyer
Thu, 02/23/2012 - 22:43 | 2191584 tmosley
tmosley's picture

Infinite growth is only needed to support infinite theft.  Remove the theft, and you no longer need growth.  You get it anyways thanks to the wonder of free markets, but you don't need it.

Thu, 02/23/2012 - 23:20 | 2191668 francis_sawyer
francis_sawyer's picture

I'm for thwarting INFINITE THEFT...

Somehow... the "believer" in me thinks that NATURE plays the ultimate card (whereby the "infinite growth" hand is trumped)...

I doubt I'll be wrong on that "on a long enough timescale"...


~as you say... That's the wonder of free markets (even the hijacked ones)...


Thu, 02/23/2012 - 23:48 | 2191740 tmosley
tmosley's picture

Capital is an amazing thing.  It lets you do more with less.  With enough highly refined/advanced capital, one can do practically anything with practically nothing.  To the point of being indestinguishable from magic.

That is the real future, beyond the periodic thefts and failures of governments.  Knowledge and means of communication are too widely dispersed to stop it.

Fri, 02/24/2012 - 00:10 | 2191776 francis_sawyer
francis_sawyer's picture


What a concept! :-)

Fri, 02/24/2012 - 07:00 | 2192146 Ghordius
Ghordius's picture

it is. it is the apple tree you planted years ago. it is the power facility you built years ago. it is every road and bridge and train.

it is education used to improve things.

Capital is all the effort made in the past in order to improve the future while making the present good

on this, even the communists agree

what the NeoKeynesians don't understand is for capital accumulation you forego present consuption for future consumption

Fri, 02/24/2012 - 09:29 | 2192305 LawsofPhysics
LawsofPhysics's picture

It is if you ignore the fact that there is a cost for creating capital without adding any real value.  Capital can be mal-invested, so not quite Tom.  What the fuck do you care anyway your "entire wealth is being held in physical silver".  Like me I thought you were positioned for the collapse of gevernment.

Fri, 02/24/2012 - 10:29 | 2192438 Chump
Chump's picture

Of course capital can be malinvested.  The malinvestor(s) then lose(s) that capital.  Duh.

You're bringing a stupid grudge into an unrelated post.

Fri, 02/24/2012 - 08:52 | 2192241 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Infinite growth is only needed to support infinite theft.

So true.


Fri, 02/24/2012 - 09:32 | 2192311 LawsofPhysics
LawsofPhysics's picture

"Remove the theft, and you no longer need growth."

Somewhat simplistic and stupid.  Remove the theft and I promise you the human population will keep growing.  Far too many ignorant "baby-mommas" and "good christians" out there.  Every sperm is sacared after all.  But I guess if you are fine with massive starvation then you are correct.  You seem to contradict yourself tom, I thought I was supposed to be the death worshipper not you.

Thu, 02/23/2012 - 22:28 | 2191525 YesWeKahn
YesWeKahn's picture

It is only 60% away from Greek level, not far at all.

Thu, 02/23/2012 - 22:40 | 2191569 data_monkey
data_monkey's picture

Add in State debt and both State and Federal Unfunded Liabilities and see what happens...

Fri, 02/24/2012 - 08:53 | 2192246 _ConanTheLibert...
_ConanTheLibertarian_'s picture

Well shit happens

Thu, 02/23/2012 - 22:29 | 2191528 SteveGennisonBa...
SteveGennisonBallWasher's picture

I like that idea, I'm in.

Thu, 02/23/2012 - 22:30 | 2191529 mpelbidu1447
mpelbidu1447's picture

Skiing anyone? I'll stay on the bunny slope

Fri, 02/24/2012 - 08:28 | 2192212 RiverRoad
RiverRoad's picture

Gonna be an avalanche on those slopes fer sure.

Thu, 02/23/2012 - 22:31 | 2191530 CClarity
CClarity's picture

The insoluble situation in a simple picture.  Well done ZH

Imagine when Global GDP goes down and interest rates sky, making the debt burden as servicing costs rocket upwards.   Ugly bugly!!!

Thu, 02/23/2012 - 22:30 | 2191531 Motorhead
Motorhead's picture

Charts, bitchez!

Thu, 02/23/2012 - 22:30 | 2191534 slewie the pi-rat
slewie the pi-rat's picture

great chart, tyler!!!

Thu, 02/23/2012 - 22:32 | 2191540 Tortfeasor
Tortfeasor's picture


I thought that was a US chart, not a China chart. 

Thu, 02/23/2012 - 22:32 | 2191541 Caviar Emptor
Caviar Emptor's picture

A golden-cross??  ;-)

Fri, 02/24/2012 - 00:19 | 2191788 VelvetHog
VelvetHog's picture

No, that's Golden Shower as  in, for The People.  Is it just me or is it raining again?

Thu, 02/23/2012 - 22:35 | 2191542 BLOTTO
BLOTTO's picture

The Golden Ratio

In Finance.

It is used in trading algorithms, applications and strategies. Some typical forms include: the Fibonacci fan, the Fibonacci arc, Fibonacci retracement and the Fibonacci time extension.

Thu, 02/23/2012 - 22:33 | 2191543 blindman
blindman's picture

didn't ben say he would not monetize the gdp?

Fri, 02/24/2012 - 04:02 | 2192012 Element
Element's picture

Satanists worship the "Father of Lies", the "Great Deceiver".

Like father, like son.

Thu, 02/23/2012 - 22:35 | 2191551 flying dutchmen
flying dutchmen's picture

and of course of accuracy of the GDP is somwhat fradulent.  There is no growth millions unemployed, millions more on food stamps and we are supposed to believe USA is more productive.  its just inflated dollars.

Thu, 02/23/2012 - 22:36 | 2191555 Coke and Hookers
Coke and Hookers's picture

Since the increase in debt shows up in the GDP, how about subtracting the increase in cumulative debt from the GDP continously to show the real "progress" or "growth" of the economy? I could give it a shot if I can get the numbers behind the graph.

Thu, 02/23/2012 - 22:36 | 2191557 Caviar Emptor
Caviar Emptor's picture

I think we're gonna need a higher order derivative

Thu, 02/23/2012 - 22:46 | 2191594 Hulk
Hulk's picture

Not a problem, we have at our disposal an infinite number of integers!!!

Thu, 02/23/2012 - 22:55 | 2191614 HD
HD's picture

A bigger derivative indeed. What could go wrong?

Thu, 02/23/2012 - 22:38 | 2191562 DionysusDevotee
DionysusDevotee's picture

Raise taxes.  Problem solved.

Thu, 02/23/2012 - 22:55 | 2191611 Milton William ...
Milton William Cooper's picture

Yes. Let's steal from people..that will make everything better

Thu, 02/23/2012 - 23:21 | 2191672 WonderDawg
WonderDawg's picture

Not to mention, the gubmint can't possibly tax enough to cover the deficit, it result in a catastrophic implosion of the economy. I mean, the economy is going to crash anyway, but trying to tax our way out of it is ridiculous. How about the gubmint stop spending beyond its means? Novel idea.

Fri, 02/24/2012 - 17:23 | 2194195 css1971
css1971's picture

WTF? Americans have developed a sense of irony?

I knew it was something to do with the loss of an empire.


Fri, 02/24/2012 - 01:22 | 2191873 Bear
Bear's picture

I think you have had one too many (based upon your name of course)

Fri, 02/24/2012 - 03:22 | 2191971 Al Gorerhythm
Al Gorerhythm's picture

Your homework for today is to calculate the government's total debt and divide it by:-

a) The number of working stiffs in the economy.

b) The population of the country

Secondly, find the level of private debt in the country.

Find the mean level of disposible income and divide the debt by the number of working stiffs.

Add the private debt and public debt together and divide it by the number of working stiffs.

Now, add the unfunded liabilities and the off-balance-sheet war costs to the total and divide it by the number of working stiffs.

Hand your assignment to your parents for signing when you have completed this exercise.

You will be assessed on the number of buckets that you fill with vomit.

Fri, 02/24/2012 - 05:40 | 2192116 Al Gorerhythm
Al Gorerhythm's picture

Google and calculators, old stinky.

Sat, 02/25/2012 - 12:11 | 2195571 dizzyfingers
dizzyfingers's picture

DionysusDevotee :

Raises taxes on whom? The very small percentage that still pays taxes? The 5%?

Thu, 02/23/2012 - 22:39 | 2191563 randocalrissian
randocalrissian's picture

At least this isn't a chart of two airplanes' trajectory, that would be really ugly.

Fri, 02/24/2012 - 03:24 | 2191975 Al Gorerhythm
Al Gorerhythm's picture

Every landing of an aircraft is recognized as a controlled crash. I don't think this will be one of those passages of good fortune.

Thu, 02/23/2012 - 22:39 | 2191565 tajitj
tajitj's picture

That is a text book Keynesian recovery.


Thu, 02/23/2012 - 22:40 | 2191566 hedgeless_horseman
hedgeless_horseman's picture



"America is fine!"


Fri, 02/24/2012 - 08:57 | 2192252 _ConanTheLibert...
_ConanTheLibertarian_'s picture

First of all, America doesn't exist anymore. What a moron!

Thu, 02/23/2012 - 22:40 | 2191567 alien-IQ
alien-IQ's picture

That Red line going up...uh...that's bullish right?

Thu, 02/23/2012 - 22:42 | 2191578 francis_sawyer
francis_sawyer's picture

Classic Gartman... Bottom left to top right...

Fri, 02/24/2012 - 01:04 | 2191855 tickhound
tickhound's picture

I own gold in both tulip and south sea federation credit terms.

Thu, 02/23/2012 - 22:40 | 2191568 Pants McPants
Pants McPants's picture

Forgive me, but the first thing that popped into my head when I saw that chart was that old Atari game Missile Command (!)

Thu, 02/23/2012 - 22:43 | 2191583 francis_sawyer
francis_sawyer's picture

"Asteroids" bitchez!

Thu, 02/23/2012 - 23:04 | 2191636 Encroaching Darkness
Encroaching Darkness's picture

"Battle Zone" guy myself; hate those saucers!

Cf: A) Two Atari software games derived from the original Battle Zone arcade game;

B) Keith Laumer's "Bolo" series of SF books: "Nothing that big should move, let alone move that FAST!"

I want one; durachrome steel, built-in AI, Hellbore cannons, the works.


Thu, 02/23/2012 - 23:21 | 2191674 francis_sawyer
francis_sawyer's picture


Thu, 02/23/2012 - 23:34 | 2191710 jomama
jomama's picture

took the words out of my mouth

Fri, 02/24/2012 - 01:48 | 2191891 OldTrooper
OldTrooper's picture

You're showing your age there, Pants.  But I had the same thought.

Thu, 02/23/2012 - 22:43 | 2191579 bob_dabolina
bob_dabolina's picture

It's the speculators fault.

Fri, 02/24/2012 - 00:55 | 2191845 Zero Debt
Zero Debt's picture

They couldn't have done it without the evil blogosphere.

Thu, 02/23/2012 - 22:46 | 2191590 zurakowg
zurakowg's picture

Two caveats or comments on this otherwise fine chart: 1) the GDP is something that is increasingly being over-stated (I get a parking ticket, the GDP just went up but what kind of product is that?) 2) the debt is understated as more and more stuff has gone off-budget and become an "unfunded liability". Greece hid a lot of its debt too. The bottom line: The real charts would be even more scary!

Thu, 02/23/2012 - 23:16 | 2191664 dwayne elizando
dwayne elizando's picture

Well they should just create derivatives on parking tickets. Hedge them fines and watch CME go wild with them.

Thu, 02/23/2012 - 22:47 | 2191596 harmonymonkey
harmonymonkey's picture

Denninger??  Izzat you?

Thu, 02/23/2012 - 22:47 | 2191597 AmazingLarry
AmazingLarry's picture

Motherfuck? Red + blue = purple? WE'RE INTO PURPLE NOW!?!?!??!?

Fri, 02/24/2012 - 10:41 | 2192489 exi1ed0ne
exi1ed0ne's picture

Wait until we go plaid

Thu, 02/23/2012 - 22:47 | 2191598 snblitz
snblitz's picture

Someone wrote that once a government passes a certain amount of debt the government does not intend to pay it back nor does it care how much it piles on. I think it was mentioned (or at least recorded) around the time of the Roman Empire.

Fri, 02/24/2012 - 17:18 | 2194167 css1971
css1971's picture

1 penny.

Thu, 02/23/2012 - 22:48 | 2191599 HD
HD's picture

For those concerned about a possible US debt default - HD Advisors, a subsidiary of BS industries is offering a US debt CDS for a mere 2.7 billion per quarter. Why worry needlessly? A credit event could happen at any moment. Give yourself the piece of mind that comes from paying us to pretend we'll pay you.


Thu, 02/23/2012 - 22:51 | 2191601 Cheesy Bastard
Cheesy Bastard's picture

A Simple Matter Of Slopes

 Attention:  If you work at ESPN do not use this headline when discussing the Knicks.

Thu, 02/23/2012 - 23:13 | 2191655 Seasmoke
Seasmoke's picture

i see Gook wasnt on the thats good

Thu, 02/23/2012 - 23:20 | 2191670 Calmyourself
Calmyourself's picture

The holes in your cheese could be considered chinks, if you use it as a breast plate that is..

Ahh, shit I'm a racist and didn't know it, that's just great..

Thu, 02/23/2012 - 23:30 | 2191700 Cheesy Bastard
Cheesy Bastard's picture

+1 chink in the armor.  If he gets a leg cramp, do not under any circumstances refer to it as a charlie horse.

Fri, 02/24/2012 - 00:39 | 2191824 Agent P
Agent P's picture

You are a Linsensitive bastard!

Thu, 02/23/2012 - 22:49 | 2191602 max2205
max2205's picture

SHLD up 100% in 3 weeks. I smell froth.

Nancy P. where are you; the speculators are running up stocks

Thu, 02/23/2012 - 22:59 | 2191626 HD
HD's picture

Froth? So, a broken, poorly run company with no real future explodes higher on nothing is froth? That's not how CNBC tells it.

Thu, 02/23/2012 - 23:03 | 2191633 Eric L. Prentis
Eric L. Prentis's picture

Correction: The chart shows US GDP vs. National Debt (Federal, State and Local).


Total Debt includes public and private debt, which is about 370% of GDP.

Fri, 02/24/2012 - 00:45 | 2191832 thedrickster
thedrickster's picture

The Brits are so much better at everything, total debit, 800%+ GDP colonist bitchez.

Fri, 02/24/2012 - 04:26 | 2192025 Shigure
Shigure's picture

Here's a Brit idea to fix the problem:

Fix the Money System (in 3 parts, about 30mins in total) from


Fri, 02/24/2012 - 17:16 | 2194159 css1971
css1971's picture

Fixing the monetary system is technically trivial.

It's politically impossible. Too many make too much from it. They would rather nuke the planet than allow the system to be changed.

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