The United states is too Balkanized to withstand a slow crumble. Brazil at least has the cohesivness of a common heritage. When a simple mistake in a sports page causes an uproar and forces the writer to lose his job,and new guidelines to be released about how one is to write. That kind of political correctness coupled with the economic pain we are going to feel is going to come to a head. the U. S. will turn on itself.
Good, when a society is ruled by the lowest statists and nanny state speech police it is time for a change. The vigorous debates we will have regarding the restructuring of our society will be painful but are absolutely necessary. Most of you here are of a similar mindset, prepare for the vigorous debate society which will sooner or later spring up of its own volition.
I'm in for 10:30am. Took the kids a block over to watch the presidential motorcade in action. Barack was having dinner/fundraiser with a neighbor/lobbyist and all the sheeple walked their kids/labradors over to watch the spectical with glass of pino in hand. Quite lovely. Lots of flashing lights and guys with sunglasses.
So hard to read what's really going on when neighbors (some good people) still want to be proud of our country. Don't even get me started on the kids.
I'd love to see this chart since ... oh, say ... 1950ish. I suspect that red line would be more parabolic in the last few years.
Parabolically increasing debt is the financial end game for anyone, from individual all the way up to national government.
You print and print to fund more debt, debasing the currency to nothing (hyperinflation), or you say fuck the debt and just don't pay it, but then you can't borrow any more money.
So the currency collapses or the government collapses (because the government simply cannot reduce spending).
Which means currency collapse is our future.
P.S. I'm waiting for MDB to come in saying debt doesn't matter, we gotta keep spending to help the economy recover. :)
You print and print to fund more debt, debasing the currency to nothing (hyperinflation), or you say fuck the debt and just don't pay it, but then you can't borrow any more money.
Um, yes, but borrowing is the whole problem right? So, how is not being able to borrow a problem here exactly? You say, "fuck the debt", and you live in your means. It's not rocket science.
On Wednesday,German Finance Minister Schäuble said: does my wheel-chair look like a helicopter ?
Is my first and last name Ben Bernank or do I look like the charity of saint Mother Theresa ?
The answer is NO if you still know what "NO" means !
So you can all just go behind that Greek IMF firewall - mix the vinegar, lemon juice, oregano, and thyme in a bowl, Season, slowly whisk in the oil. Place chicken in a bowl and ease that Chicken souvlaki up Lagardes Geitner.
Part of the resistance in Berlin is due to the fact that Merkel is facing a tough vote in the Bundestag, Germany's parliament, next week over the second bailout package for Greece. A least six parliamentarians belonging to Merkel's governing coalition have said they would oppose the bailout in Monday's vote.
Both the United States and the IMF have argued that Europe should pay more.
Chancellor Angela Merkel's spokesman Steffen Seibert insisted on Wednesday that Germany sees no need to increase the size of the permanent ESM. "The German government's position has not changed," he said. "That means no, it is not necessary." Berlin has noted that market pressure on bond markets for countries like Italy and Spain has eased in recent weeks and that it is currently unnecessary to increase the size of the bailout fund.
Lets do some lines. Don't forget Keynes was all for aristocracy. The red line is good. Debt is money and money is debt. And money is more important than production.
Shouldn't that actually read "Total GDP versus total Federal Debt" ??? If that were total debt (Fed, Local, & private), GDP would start to look like a flat line at one quarter of the scale.
Morality : The banksta slope of debt is dangerous but ooooooh so much fun if you get your bonuss at the end!
The nursery slope is for the sheeple, long slog and dull plod up the hill. And when you get to the top you find out that the only way down is on the red one! They've closed the blue run and declared you debt run slave forever! Since 2008!
The biggest shyster Madoffish deal ever invented in Land of Freedom and surrogate Eurozone : Privatise 25 T profits, socialise 25 T debts, getting bigger every day! Now that is Kapitalism...Das, Das, Das Kapital! Ask the Greeks about that.
Scam Involving Yohannes Riyadi and/or Wilfredo Saurin November 2007
The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be representatives of these two men. In a typical version of this scam, Mr. Riyadi and/or his delegates falsely claim that they have on deposit with the Federal Reserve Bank of New York several U.S. Treasury Checks issued to Mr. Riyadi amounting to billions of dollars.
The Federal Reserve Bank of New York has been contacted by several brokers and financial institutions worldwide inquiring about the validity of this fraudulent account documentation, which is being offered as collateral for lines of credit or other types of asset based financing. The fraudulent scheme includes multiple documents which purport to have the signatures of various Federal Reserve officials, including Chairman Ben Bernanke.
In some instances, individuals involved in this fraudulent scheme claim to have met with Federal Reserve officials and claim to have verified that the alleged account is in order. We have also learned that the fraud may include the purchase of certain documents by the introducing brokers.
If you have information regarding this fraud please contact either Robert Amenta, Special Investigator at the Federal Reserve Bank of New York, or Erik Rosenblatt, Senior Special Agent at the Department of Homeland Security, Immigration and Customs Enforcement.
If you're a Keynesian, you look at this chart and say "look what would have happened had we not increased the debt!"
$3 trillion in new debt buys you $400bn in GDP even though government spending is a part of GDP. How's that possible? Because the entitlement programs are eating most of the debt raises.
You are - buy Samuelson and read up. Debt does not add or subtract from GDP - it is simply an IOU. What you do with the IOU is what changes GDP. If the Central Bank buys Debt it depends how it finances the Buying - whether by raising taxes to pay for buying or by issuing more Credit to facilitate Buying.
If you buy a car on 84 months payment plan are you better able to spend on eating out than if you buy it Cash ?
Is that Government debt? And Government GDP? Go ahead...short away then. "Certainly these people can't complain about there being lack of a free market."
The "tufted" benches of the House of Lords look comfortable ! In Tijuana, tufted upholstery can be filled with infectious medical waste, used sanitary napkins, tampons and the ubiquitous panty liners bundled by knotted used condoms ! I assume in the House of Lords they use virgin wool bundled with knotted cat gut ? Monedas 2012 Rampant inflation has unexpected consequences !
Let's go even further. If every day, somehow, a large number of tweets and facebook accounts can pummel a different topic that affects the flash trading algorithms, those algorithms will soon be rendered worthless and we'll get back to honest trading that lets the retail trader have a fair shake once again. But I have no idea how to coordinate this...I just am tagging onto the idea above.
blockbuster closing store in my town..seems things are improving for those poor souls working there as they can step up to snap cards and UE for 99 weeks.
Nice graph. Back at the ball game : Euro UP, US futes UP.... The bankster team continues to light up the scoreboard. Another happy weekend for "Ma and Pa Dowwatcher" on tap.
Can't be true...just left the Florida Mall in Orlando and hundreds of people are lined up to pay $220 for newly released Nikes....now bare in mind they planned to sell them yesterday but the crowed turned violent and called in the cops dressed in riot gear no less...every news network in town is in place hoping for the retail circle jerk to begin!!!
Interesting that it only recovered two-thirds of that loss in the following 30 minutes which indicates the algos/system cannot account for random/planned entropy. Too fucking funny. Nice experiment and still a loss for the day which on a Friday probably was not the plan...
Change you probably can't believe in because it's too awful to actually believe it.
It is a slope......It is a slope of hope
as long as america can keep the 'free world' barefoot and pregnant, we have a long enough timeline to die before the chinese make us their coolies
At looks like the slope of that blue line is about to turn negative and the slope of that red line is about to break out higher.
TheSilverJournal.com
looks like a heat seeking missle hitting its target
slippery. a hey, ooooooooooooo
Use GAAP debt please.
Balance sheet, we don't need no stinking on balance sheet liabilities. Bitchez.
The patient's chart is disturbing Dr. Martin Van Nostrand says, Prognosis: Negative
http://www.youtube.com/watch?v=dPsC60eLpxE
Looks like a chart of my alcohol intake since 2007.
Oh, and my blood pressure.
Nahhh, it's my waistline.
damn it feels good to be a banksta
Getto Boys
http://www.youtube.com/watch?v=rL9ihXiFAko
I like how the pretty lines crossed on Groundhogs Day. Surely I'm just living the dream, the dream, the dream...
The empire just had to crumble in my life time. The fucker could have waited another 40 years, but nooooooooo it has to crumble now.
WiiFailed.
Another forty years and I'll be drooling my oatmeal and shitting my pants........send in the Fat Lady all fucking ready.
Circle of life.
who said it was going to crumble? it might just decline for another two hundred years
look at Brazil, just had another hyperinflation a few years ago, now rosy-cheeked and enterprising...
The United states is too Balkanized to withstand a slow crumble. Brazil at least has the cohesivness of a common heritage. When a simple mistake in a sports page causes an uproar and forces the writer to lose his job,and new guidelines to be released about how one is to write. That kind of political correctness coupled with the economic pain we are going to feel is going to come to a head. the U. S. will turn on itself.
Good, when a society is ruled by the lowest statists and nanny state speech police it is time for a change. The vigorous debates we will have regarding the restructuring of our society will be painful but are absolutely necessary. Most of you here are of a similar mindset, prepare for the vigorous debate society which will sooner or later spring up of its own volition.
Tempus Fugit
Tempus Neminem Manet
Evil speculators.
iCross
Tyler is so desperate, why not just rename the site to www.zerobullish.com ?
Don't cross the streams.
Egon!
Try to imagine all life as you know it stopping instantaneously and every molecule in your body exploding at the speed of light.
"We used to roast Stay-Puft marshmallows by the fire at Camp Wakanda." - Dr. Raymond Stantz
I'm in for 10:30am. Took the kids a block over to watch the presidential motorcade in action. Barack was having dinner/fundraiser with a neighbor/lobbyist and all the sheeple walked their kids/labradors over to watch the spectical with glass of pino in hand. Quite lovely. Lots of flashing lights and guys with sunglasses.
So hard to read what's really going on when neighbors (some good people) still want to be proud of our country. Don't even get me started on the kids.
I'd love to see this chart since ... oh, say ... 1950ish. I suspect that red line would be more parabolic in the last few years.
Parabolically increasing debt is the financial end game for anyone, from individual all the way up to national government.
You print and print to fund more debt, debasing the currency to nothing (hyperinflation), or you say fuck the debt and just don't pay it, but then you can't borrow any more money.
So the currency collapses or the government collapses (because the government simply cannot reduce spending).
Which means currency collapse is our future.
P.S. I'm waiting for MDB to come in saying debt doesn't matter, we gotta keep spending to help the economy recover. :)
You print and print to fund more debt, debasing the currency to nothing (hyperinflation), or you say fuck the debt and just don't pay it, but then you can't borrow any more money.
Um, yes, but borrowing is the whole problem right? So, how is not being able to borrow a problem here exactly? You say, "fuck the debt", and you live in your means. It's not rocket science.
http://www.debtdeflation.com/blogs/2010/09/20/deleveraging-with-a-twist/
http://www.debtdeflation.com/blogs/lectures/
Yes, would like to see log scale chart
It's all good. We owe it to ourselves...
a thousand words or a trillion bernucks
Marginal productivity of debt:
http://img.photobucket.com/albums/v207/neuralnetwriter/financial/Diminis...
classic
Berlin's 'Position Has not Changed'
On Wednesday, German Finance Minister Schäuble said: does my wheel-chair look like a helicopter ?
Is my first and last name Ben Bernank or do I look like the charity of saint Mother Theresa ?
The answer is NO if you still know what "NO" means !
So you can all just go behind that Greek IMF firewall - mix the vinegar, lemon juice, oregano, and thyme in a bowl, Season, slowly whisk in the oil. Place chicken in a bowl and ease that Chicken souvlaki up Lagardes Geitner.
Part of the resistance in Berlin is due to the fact that Merkel is facing a tough vote in the Bundestag, Germany's parliament, next week over the second bailout package for Greece. A least six parliamentarians belonging to Merkel's governing coalition have said they would oppose the bailout in Monday's vote.
Both the United States and the IMF have argued that Europe should pay more.
Chancellor Angela Merkel's spokesman Steffen Seibert insisted on Wednesday that Germany sees no need to increase the size of the permanent ESM. "The German government's position has not changed," he said. "That means no, it is not necessary." Berlin has noted that market pressure on bond markets for countries like Italy and Spain has eased in recent weeks and that it is currently unnecessary to increase the size of the bailout fund.
http://www.spiegel.de/international/europe/0,1518,817152,00.html
wr;)
by the way, White Rose, pigs can't fly and your's is probably doing unspeakable things with that euro sign ;-)
both the US and the IMF think Germany can be squeezed much more! we'll see...
whoa!
time to "raise the margins" on the red team! L0L!!!
;)
Time to invest heavily in the 3X total debt EFT (i.e. the phyz).
so we have a classic style economy based on a world empire resting below a government that produces credit
.
and its the end of the world
I get to use my favorite line: the data speaks for itself.
Lets do some lines. Don't forget Keynes was all for aristocracy. The red line is good. Debt is money and money is debt. And money is more important than production.
Aristocracy means Rule of The Best.....a long time since we had that. We have Ochlocracy - Rule by the Mob or Kakistocracy - Rule of The Worst
Kakistrophic!
QE is the end of what we now know http://tinyurl.com/7tu9qov
It takes a shitload of real pork to keep shoving nominal GDP to go even higher and to maintain a nominal 'growth' illusion ... or is it delusion?
It takes more and more pressure (M1) to inflate the bubble each pseudo-'budget'.
Shouldn't that actually read "Total GDP versus total Federal Debt" ??? If that were total debt (Fed, Local, & private), GDP would start to look like a flat line at one quarter of the scale.
no way is this risk rally closing
http://capital3x.com/think-tank/gold-spx-and-the-art-of-portfolio-shifts/
the red one looks like the Hahnenkamm, the blue like the nursery slope; which one would you ski on?
Hahnenkamm, Kitzbühel - Wikipedia, the free encyclopedia
Even the Hahn looks easy in summer!
Morality : The banksta slope of debt is dangerous but ooooooh so much fun if you get your bonuss at the end!
The nursery slope is for the sheeple, long slog and dull plod up the hill. And when you get to the top you find out that the only way down is on the red one! They've closed the blue run and declared you debt run slave forever! Since 2008!
The biggest shyster Madoffish deal ever invented in Land of Freedom and surrogate Eurozone : Privatise 25 T profits, socialise 25 T debts, getting bigger every day! Now that is Kapitalism...Das, Das, Das Kapital! Ask the Greeks about that.
Bitchezzzzzzzz!
From NY Federal Bank
Scam Involving Yohannes Riyadi and/or Wilfredo Saurin
November 2007
The Federal Reserve is aware of a fraudulent scam involving individuals using the names Yohannes Riyadi and/or Wilfredo Saurin, or persons claiming to be representatives of these two men. In a typical version of this scam, Mr. Riyadi and/or his delegates falsely claim that they have on deposit with the Federal Reserve Bank of New York several U.S. Treasury Checks issued to Mr. Riyadi amounting to billions of dollars.
The Federal Reserve Bank of New York has been contacted by several brokers and financial institutions worldwide inquiring about the validity of this fraudulent account documentation, which is being offered as collateral for lines of credit or other types of asset based financing. The fraudulent scheme includes multiple documents which purport to have the signatures of various Federal Reserve officials, including Chairman Ben Bernanke.
In some instances, individuals involved in this fraudulent scheme claim to have met with Federal Reserve officials and claim to have verified that the alleged account is in order. We have also learned that the fraud may include the purchase of certain documents by the introducing brokers.
If you have information regarding this fraud please contact either Robert Amenta, Special Investigator at the Federal Reserve Bank of New York, or Erik Rosenblatt, Senior Special Agent at the Department of Homeland Security, Immigration and Customs Enforcement.
On a long enough time line all non parallel slopes cross at least once.
But what does that mean if the lines are divergent and the intersection point is in the past? Just asking.
red and blue make purple
kool aid anyone ?
If you're a Keynesian, you look at this chart and say "look what would have happened had we not increased the debt!"
$3 trillion in new debt buys you $400bn in GDP even though government spending is a part of GDP. How's that possible? Because the entitlement programs are eating most of the debt raises.
I am really a novice when it comes to econonmics, does the central banks buying government debt add to the debt or to the gdp?
You are - buy Samuelson and read up. Debt does not add or subtract from GDP - it is simply an IOU. What you do with the IOU is what changes GDP. If the Central Bank buys Debt it depends how it finances the Buying - whether by raising taxes to pay for buying or by issuing more Credit to facilitate Buying.
If you buy a car on 84 months payment plan are you better able to spend on eating out than if you buy it Cash ?
At least I admit to being ignorant, unlike others here ;-) Thanks for the advice and little lesson!
Is that Government debt? And Government GDP? Go ahead...short away then. "Certainly these people can't complain about there being lack of a free market."
The "tufted" benches of the House of Lords look comfortable ! In Tijuana, tufted upholstery can be filled with infectious medical waste, used sanitary napkins, tampons and the ubiquitous panty liners bundled by knotted used condoms ! I assume in the House of Lords they use virgin wool bundled with knotted cat gut ? Monedas 2012 Rampant inflation has unexpected consequences !
GDP Blue line: Rate of climb is 10 degrees over 3 years (2009-2012)
Debt Red line: Rate of climb is 20 degrees over 3 years (2009-2012)
US Debt to GDP Ratio is 2:1 over last 3 years (2009-2012)
in other words:
the US has spend twice as much as it made over the last 3 years...
US Debt is climbing at a rate of 200% to US income (GDP)
tick-tock watch:
http://www.usdebtclock.org/
wr;)
THIS is a great idea.
Let's go even further. If every day, somehow, a large number of tweets and facebook accounts can pummel a different topic that affects the flash trading algorithms, those algorithms will soon be rendered worthless and we'll get back to honest trading that lets the retail trader have a fair shake once again. But I have no idea how to coordinate this...I just am tagging onto the idea above.
blockbuster closing store in my town..seems things are improving for those poor souls working there as they can step up to snap cards and UE for 99 weeks.
Nice graph. Back at the ball game : Euro UP, US futes UP.... The bankster team continues to light up the scoreboard. Another happy weekend for "Ma and Pa Dowwatcher" on tap.
A picture worth a thousand TEARS!
Join us says Obamy, up up and away....
LOL! Thanks for a chuckle.
Could I suggest a small modification?
"...up, up, and over the cliff!"
Now that's a real wall of worry!
Calamity is certainty! Plan and prepare accordingly!
That chart is getting saved to the "Depression/Collapse" folder on the hard drive.
Can't be true...just left the Florida Mall in Orlando and hundreds of people are lined up to pay $220 for newly released Nikes....now bare in mind they planned to sell them yesterday but the crowed turned violent and called in the cops dressed in riot gear no less...every news network in town is in place hoping for the retail circle jerk to begin!!!
Stairway to Hellven.
9-11-01 WORLD TRADE CENTER collapse
9-11-08 WORLD TRADE collapse
SIGNS FROM GOD
www.bible-codes.org
I was looking for a piste noire sign...found something called Line Rider...Here's Jagged Peak Adventure
http://www.youtube.com/watch?v=bcu8ZdJ2dQo&feature=related
Can you do a similiar chart with global GDP and debt?
http://www.youtube.com/watch?v=n5m7MKBHKuE
It's time to tweet! KILL KILL KILL KILL KILL CRASH!
Dropped a few comments on MW re: tweets of a greek default... heheheheh.
Holy shit... DOW dropped 30pts in a heartbeat... yikes!
Interesting that it only recovered two-thirds of that loss in the following 30 minutes which indicates the algos/system cannot account for random/planned entropy. Too fucking funny. Nice experiment and still a loss for the day which on a Friday probably was not the plan...