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Spain: The Infographic

Tyler Durden's picture


This should explain it all.

It should also explain who has all the leverage. For those confused, JP Getty has a reminder: "If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem." Now just replace "$100" million with "€450 billion" (for now, likely to be €1 trillion in a few days), and "Spain" with "Germany", and it should all fall into place.

h/t Simon


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Fri, 06/08/2012 - 07:58 | 2506635 LULZBank
LULZBank's picture

Its an exponential chart, but something is weighing it down, towards the latest jumps ... lack of space on the chart paper?

Fri, 06/08/2012 - 07:58 | 2506648 BudFox2012
BudFox2012's picture

They are probably moving some of the debt over to the asset side of the ledger using some "modern" accountanting practices...

Fri, 06/08/2012 - 08:02 | 2506656 LULZBank
LULZBank's picture

Accounting is so 80s ... Derivatives can even make them disappear altogether ... for a while ...

Fri, 06/08/2012 - 08:04 | 2506662 economics9698
economics9698's picture

Print you mfs.

Fri, 06/08/2012 - 08:17 | 2506682 GetZeeGold
GetZeeGold's picture



Going UP......that's good right?


Fri, 06/08/2012 - 08:30 | 2506719 Oh regional Indian
Oh regional Indian's picture

Vapour, Smoke, Flames....

All go up!


Fri, 06/08/2012 - 09:46 | 2506963 Matt
Matt's picture

Why is the picture so low-res that reading the text is difficult? (when zoomed in)

Fri, 06/08/2012 - 09:59 | 2506998 RockyRacoon
RockyRacoon's picture

Yes, I agree.  Maybe it's just us?  I have other stuff to do rather than trying to figure out what I'm supposed to be deciphering in a graph that I have to open in another tab and enlarge -- and still can't read.  How come the explanation can't just be stated plainly in the text of the article?  I like puzzles and conundrums, but I'm only on the first cup o' coffee.

Fri, 06/08/2012 - 11:17 | 2507400 Deo vindice
Deo vindice's picture

 "Going UP......that's good right?"

These guys are like dumb golfers who think the higher the score, the better their game.

Fri, 06/08/2012 - 12:30 | 2507671 memyselfiu
memyselfiu's picture

thick as pig shit you are....

Fri, 06/08/2012 - 09:11 | 2506816 gold-is-not-dead
gold-is-not-dead's picture

in case of a penis, yes... :)

Fri, 06/08/2012 - 08:18 | 2506684 insanelysane
insanelysane's picture

It amazes me that Assets can be Vaporized but Debt never Vaporizes.

Fri, 06/08/2012 - 08:24 | 2506701 EscapeKey
EscapeKey's picture

That's only partially true.

If the debts are owed to a connected bank, then it won't.

If the debt however is owed to a pension fund, then it might very well.

Fri, 06/08/2012 - 08:37 | 2506734 disabledvet
disabledvet's picture

Indeed. And should the interest rate soar the value of said debt does the opposite. "You don't want to be most favored bank" then. I think someone tried to kill the bank regulator in Greece actually. Blew up his/her house or something or other. Not that that would ever happen in the USA of course. "Standing behind that bank examiner is the entire military industrial complex" as they say. And that God for that.

Fri, 06/08/2012 - 09:01 | 2506797 EscapeKey
EscapeKey's picture

"The wrong" bonds going down in value?

Then Uncle Ben will definitely splooge.

Fri, 06/08/2012 - 10:02 | 2507019 Withdrawn Sanction
Withdrawn Sanction's picture

It amazes me that Assets can be Vaporized but Debt never Vaporizes.

Not sure why you think this is so.  One person's debt is another person's financial asset. Logically:  If such assets can be vaporized, symmetry suggests the underlying (debt) has also vaporized.  Legally:  the purpose of bankruptcy processes is precisely to erase debt.

Now if you're referring to the fact that our monetary system is based on debt and the currency is in fact just another form of debt, then your statement is partly true.  But even here, debt can (and does) vaporize.  The currency may remain in circulation (in different hands), but some of the underlying has simply disappeared.

Fri, 06/08/2012 - 08:03 | 2506658 stocktivity
stocktivity's picture

Futures cutting losses...rally on!

Fri, 06/08/2012 - 08:07 | 2506666 EscapeKey
EscapeKey's picture

Yes, of course, because German bank downgrades, Spanish debt downgrades, disappointing manufacturing data from Italy, markets running up on QE expectations which weren't delivered... all of these just aren't good enough reasons for the equities markets to go down.

Fri, 06/08/2012 - 08:14 | 2506678 LULZBank
LULZBank's picture

all of these just aren't good enough reasons for the equities markets to go down.

Do you need any other reasons as proof for our thesis that central planning can offer etrnal growth and prosperity?

Fri, 06/08/2012 - 08:25 | 2506709 WonderDawg
WonderDawg's picture

Relax. It's just giving us a new short entry, nothing to be alarmed about.

Fri, 06/08/2012 - 08:59 | 2506788 EscapeKey
EscapeKey's picture

You must be crazy; shorting a manipulated insiders market, where the main puppeteer is standing ready to splooge anytime.

Fri, 06/08/2012 - 11:42 | 2507505 WonderDawg
WonderDawg's picture

You probably would have said the same thing at the beginning of May, before I doubled my portfolio. But more to the point, yes, I am crazy. But not insane.

Fri, 06/08/2012 - 08:26 | 2506711 Diatribe
Diatribe's picture

Before you label me as a tin-foil hat wearer, consider the following:

Live records for multiple radiation monitoring stations near the border of Indiana and Michigan have shown radiation levels as high as 7,139 counts per minute (CPM). The level varied between 2,000 CPM and 7,000 CPM for several hours early this morning (EST).

Normal radiation levels are between 5 and 60 CPM, and any readings above 100 CPM should be considered unusual and trigger an alert, according to information listed on the RadNet website (at

Digital Journal reported earlier today that near the Indiana & Michigan borders Geiger detectors from the EPA & Black Cat were showing insanely elevated radiation levels. They quickly changed their story fundamentally, but not before I went OCD on it (see also my username). I personally conversed with the NRC today as well as the Hazmat response Captain for the Indiana State Police.

Here is a quick pic, before it was redacted / "corrected". Notice it is NOT the EPA's RadNet open-air detector in Fort Wayne, but another privately run detector near South Bend, owned by Radiation Network:


They then "made a correction" and called it a false alarm, claiming that their "false alarm" was also the same cause for Black Cat... but what about the EPA's federal detectors, the ones that don't use the same information streams as RadiationNetwork? Read on:

EPA's "near-realtime" open-air geiger counter for Ft Wayne Indiana no longer shows live data but cuts off May 19th. This morning, it didn't (hence the basis for this comment), but by using the RADNET query tool, WE CAN STILL PULL THE DATA UP as in this screenshot <- For more cities and a breakdown of the wind spread, check here

Want more? The area of interest isn't very far away from this strange event that just happened the other day where no fault line is present.

More? The DOD owns about 130,000 acres of land in the area.

Also, I remind you that it was the EPA's federal detectors and privately owned / Internet enthusiast detectors FROM TWO DIFFERENT PLACES (BlackCat & the Radiation Network) reporting the same incident.

Tell me Reddit, am I paranoid?

EDIT 14 pwns EDIT 7Redditor says: Central Ohio here. I work at a large public university (not hard to guess which) next to a small research reactor that's located near the back of campus. There's (normally) a large fleet of hazmat response trucks and trailers parked in the nearby lot. Most of them are NIMS early response vehicles funded by Homeland Security (says so right on them). Haven't seen them move once since I started working a few years ago. Tonight? All gone. edit: will try to get pictures tonight/tomorrow

EDIT 7 comes first: To those who say it was still a malfunction:

You miss a VERY elementary point: one detector was privately ran in South Bend. That one "malfunctioned". But then the data is corroborated by a federally ran detector in Ft Wayne, a good drive away. And then more data as time goes on from other detectors. Like here, where one can see the drifts over Little Rock, AR 12 hours later, which lines up with the wind maps. For those that don't seem to know, that's a long way away from Ft Wayne. And the "average" CPM level in Little Rock has been around 8 CPM for the past 12 months.

and to those that point to the pinhole coolant leak in Dayton:

that pinhole leak couldn't possibly account for the levels seen here, and it was in hot standby mode (hot & pressurized, but no fission) because it was being refueled. And the workers would have triggered alarms if they were contaminated.

EDIT 11 also jumps the line: On a tip, I called the Traverse City Fire Dept and asked them if they noticed anything unusual, muttered that I was with the "nuclear reddit board". They confirmed they had unusually high readings, and that they reported them to the NRC earlier today.

EDIT 1 It's spreading as you would expect

EDIT 2 More "human numbers":

The actual dose from other redditor / semi-pro opinion + myself is speculated to be... RE-EDIT: Guess you'll never know, because armchair-physicists want to argue too wildly for consensus.

EDIT 3high levels of Radon in the area??

EDIT 4 I heard from a semi-verified source that minot afb in north dakota, one of the largest nuclear bases, is running a nuclear response and containment "training exercise" right now with their b-52s. take this with a grain of salt, I'm not vouching for it EDIT: this redditor verifies

EDIT 5: some redditors keep talking about seeing gov't helicopters: here and here and here <- UPDATE: this one now has video

EDIT 6: Someone posted it to AskScience, but a mod deleted it and removed comments

>>>> EDIT 8: > Twes [+1] 11 minutes ago I mean, it is kind of interesting to speculate about... I will at the very least continue to watch this thread/ news stories. I don't know if someone in the 2000 comments has posted this, but before the spike, radiation levels were around 1 to 2 times normal. After the spike they are staying at a constant 5 to 7 times normal.!/LongmontRadMon

EDIT 9: - Removed for being incorrect -

EDIT 10 Battle Creek, MI helicopters & ac-130: & sauce:!/BeRONSON

EDIT 12reliable source! says: > Got an email from friend at NMR lab at Eli Lilly in downtown Indianapolis. Said alarms just went off with equipment powered down; Indy HLS fusion teams responding; says NRC R3 not responding tonight.

EDIT 13: this will be where pictures are collected. Got pics? Send to OP. New helicopters (Indianapolis) to getstarted with, and some Chinooks, 20:30 EST West Branch, MI:

EDIT 14 now up top ^

EDIT 15: first verifiable statement from a redditor / security guard at Lily in Indianapolis >> "There's nothing dangerous going on at Lilly. Nobody is being evacuated and nothings leaking or on fire but a fucking TON of federales keep showing up. Don't know what the alarm was about but theres been a lot of radio traffic" Proof!

EDIT 16: Removed, was irrelevant

EDIT 17 tweeted on the 4th about the mysterious "earthquake" rumbling: >> Shaking felt in our downtown ?#AnnArbor? newsroom. Did anyone else feel the movement? ?#earthquake?

EDIT 18: 1:50AM EST: we're now doing it live (FUCK IT! WE'LL DO IT LIVE!!): <remove> Way to kill it Reddit! This is why we can't have nice things - 2:18AM EST - 3:45AM EST

EDIT 19 Interesting Twitter account. Claims to be owner of the other Twitter account (in Edit #8)... Verified by the Internet at large:!/joey_stanford

EDIT 20 This was posted up by a Redditor in the comments, purportedly from Florida, based on wind map is possibly connected & is definitely elevated to a mildly disconcerting level:

EDIT 21 Joey Stanford has said video proof is coming! Keep an eye on his twitter page! he is a dev for Canonical, and in charge of the Longmont Rad Monitoring Station in Longmont, Colorado:!/joey_stanford

EDIT 22 3:30 AM, OP doesn't sleep. Apparently neither does GabeN, with his first comment in two months (Hi Gabe! Hope you were up all night working on something that ends in "3")... still got my ear out for real news, stay tuned. editception : looks like I was trolled by a fake GabeN account.

Fri, 06/08/2012 - 08:55 | 2506773 Sweet Chicken
Sweet Chicken's picture

What is all this? Can we get some updates or maybe George Washington can start a thread for it?! I'm very intersted and want to hear more about it. Thanks

Fri, 06/08/2012 - 09:04 | 2506804 slewie the pi-rat
slewie the pi-rat's picture

this has already been taken down once, and possibly not by zH, since there are reports of related reports being taken down elsewhere, also

so copy/paste it somewhere if you want it, altho diatribe certainly can keep posting it from the clipboard

diatribe's post contains many links...

Fri, 06/08/2012 - 09:51 | 2506779 slewie the pi-rat
slewie the pi-rat's picture

i saw where you put this in the crazyPills string, but it was taken down

veddy inkarresting......

edit:  almost like a dirty bomb attack?

Fri, 06/08/2012 - 11:22 | 2507420 slewie the pi-rat
slewie the pi-rat's picture

your second link is XLNT, free_man

it has a 3+ minute uToob video fully explaining the early and i see now it also given in the first link which now shows an update uToob

v. nice & thxz!

Fri, 06/08/2012 - 09:12 | 2506826 HurricaneSeason
HurricaneSeason's picture

I saw 3 men wearing black suits in Columbus Ohio at the post office. They wanted to use my jumper cables to get their Humvee started.  I asked them what they were doing(they were wearing dark sunglasses too) and they told me that alien spacecraft had been landing in Indiana and they were going to search rural Ohio for any signs of aliens. 6 of the Indiana aliens have been captured and are cooperating with authorities. I'm not suppose to tell anybody.  They said for now, stay inside and don't answer the door.

Fri, 06/08/2012 - 09:24 | 2506878 falak pema
falak pema's picture

One of them must have been Tiger Woods, who ran away with the Memorial cup over the week end. It could also explain all those mysterious wood cuttings in the post above. When Tiger drives, the trees fall like nine pins, or woman's panties, which ever you prefer, it always ends with a bang! 

Fri, 06/08/2012 - 11:36 | 2507480 JOYFUL
JOYFUL's picture

holy smoke... +240

yur sharp as a dart today falak...whatru smokin?... I'll have some of that, if yu don't mind! 

btw...interim book review...if u r interested.

Fri, 06/08/2012 - 16:37 | 2508637 falak pema
falak pema's picture

my rantings on the medieval period? There are two sequels and it gets better and better! 

Sat, 06/09/2012 - 10:56 | 2510122 JOYFUL
JOYFUL's picture

call me...yur on the contacts list but n\a chat

Fri, 06/08/2012 - 11:51 | 2507535 slewie the pi-rat
slewie the pi-rat's picture

you are getting junked for the ufo story?

L0L!!!  not from slewie!  i loved that!  +^+

freemans top link  has this from the guy whose bloggitBe, maybe a formRintel guy gone indy?

{endPaste}  no official story will ever explain these facts this well.  even the DJIA loves the deus ex aspects, BiCheZ!  if we don't allow the NW0 to enslave us to pretect our freedoms, the aliens (who hate freedom?) will enslave us and take all our gold! 

this was only a 50-tonne load, according to the annunaki-watches who appear to be having waaaay more fun than the styoooopid FED-watchers, btw...

me?  slewie is bonging away to this for them:  Hey, Mr. Spaceman: The Byrds  b/c it has always worked for me, before...  Hahahaha!

Fri, 06/08/2012 - 13:30 | 2507893 HurricaneSeason
HurricaneSeason's picture

Thanks Slewie. I didn't understand it either. I have to admit that I lied about the aliens cooperating. The guys in the dark suits and glasses only told me that they were in custody. I didn't want to start a panic.  They might be cooperating and then again, maybe not.

Sat, 06/09/2012 - 05:33 | 2507752 Reptil
Reptil's picture

thank you. interested to know what this turns out to be.


more OT: just got this Goddard Journal's video

MIT on the PR offensive to okay exposure to population? WTF?!

how can these people live with themselves?


Spain is FUBAR, I suggest tilting the monitor LOL


EDIT: Ohio plant leaked:

Sun, 06/10/2012 - 15:19 | 2512586 Axenolith
Axenolith's picture

WTF?!?  What are you vomiting out this on this thread for?  No context, no synopsis, broken links. Ununderstandable bullshit unless you put some sort of effin' DESCRIPTION of what you're trying to convey FIRST. 

Fri, 06/08/2012 - 08:32 | 2506724 Stuck on Zero
Stuck on Zero's picture

Bankers and government people should start using logscale graphs.  Everything looks much easier to handle then.

Fri, 06/08/2012 - 08:48 | 2506757 agNau
agNau's picture

Chart obviously upside down.

Fri, 06/08/2012 - 07:57 | 2506639 noses
noses's picture

Stop spending other people's money might be more appropriate.

Fri, 06/08/2012 - 07:58 | 2506641 BudFox2012
BudFox2012's picture

Is this seasonally adjusted?

Fri, 06/08/2012 - 13:00 | 2507761 EFNuttin
EFNuttin's picture


Bud Fox for Prez!

Fri, 06/08/2012 - 07:58 | 2506643 falak pema
falak pema's picture

the edit is circular reasoning as Reggie would say; 'cos Germany's problem becomes the bank's problem becomes the German citizen's problem; when the banks go belly up and you lose your savings and pensions and the taxes then bleed what is left. Its the people who always pay, unless you have a genius who invents the route to the milky way and its paved with gold! 

Fri, 06/08/2012 - 08:42 | 2506745 disabledvet
disabledvet's picture

Gold is not for adornement my friend. One day it won't matter at all. For now "we have banking"...and apparently "total war on Islam."

Fri, 06/08/2012 - 09:17 | 2506846 falak pema
falak pema's picture

I'm waiting for the next crop of geniuses to create a new renaissance. Gold is what you make it, as it has the patience of an angel, it never changes. 

Fri, 06/08/2012 - 07:59 | 2506650 EscapeKey
EscapeKey's picture

Just another day in a banana republic with the symbiotic Fraud Street/Crony Politician relationship...

Fri, 06/08/2012 - 08:01 | 2506653 Alejandrito
Alejandrito's picture

I thought it was the evolution of debt

Fri, 06/08/2012 - 08:02 | 2506655 valley chick
valley chick's picture

has bank runs started yet in Germany?

Fri, 06/08/2012 - 08:05 | 2506664 LULZBank
LULZBank's picture

Probably about time when CHFEUR peg breaks?

Fri, 06/08/2012 - 08:04 | 2506660 cowdiddly
cowdiddly's picture

Thank god Bankia passed the stress test.

Fri, 06/08/2012 - 08:05 | 2506663 EscapeKey
EscapeKey's picture

Well, anything but a Bankia pass would just have been completely farcical.

Fri, 06/08/2012 - 10:12 | 2507051 catacl1sm
catacl1sm's picture

God, I could really pass something. I haven't passed anything substantial in a week! ugh.

Fri, 06/08/2012 - 08:08 | 2506668 sudzee
sudzee's picture

Spain today Canada tomorrow. Canada's housing bubble rivals Japan circa 1980.

Fri, 06/08/2012 - 08:10 | 2506671 midgetrannyporn
midgetrannyporn's picture

Adolf Elizabeth Merkel is not pleased.

Fri, 06/08/2012 - 08:14 | 2506673 Stanley Lord
Stanley Lord's picture

Scotch is the answer.


Fri, 06/08/2012 - 08:15 | 2506680 ghengis86
ghengis86's picture

I'll trade all my Dewars for all your gold.

Fri, 06/08/2012 - 08:20 | 2506691 GetZeeGold
GetZeeGold's picture



Come up with some Johnnie Walker Blue Label.....then we'll talk.


Fri, 06/08/2012 - 08:44 | 2506748 disabledvet
disabledvet's picture

It better be a lot. "Still..." so to speak.

Fri, 06/08/2012 - 08:53 | 2506771 i_fly_me
i_fly_me's picture

Lagavulin or GTFO.

Fri, 06/08/2012 - 08:50 | 2506762 GMadScientist
GMadScientist's picture

What is "two fingers or three?", Chuck?

Fri, 06/08/2012 - 08:11 | 2506674 insanelysane
insanelysane's picture

I don't know what happened at CNBS but they actually have people who understand the reality of the situation today.  We'll see if it is a trend but my guess is that the bosses have taken the day off and the grunts actually wanted a breath of fresh air.

Fri, 06/08/2012 - 08:12 | 2506675 Jason T
Jason T's picture

Larouche was right. 

Fri, 06/08/2012 - 08:21 | 2506694 GetZeeGold
GetZeeGold's picture



He hit every base on the face of the earth......had to be right about something.


Fri, 06/08/2012 - 08:13 | 2506677 BigDuke6
BigDuke6's picture

Cmon Spain.

Dump the Euro and the European Union - be a nation again

decent industrial base, decent weather.

Get your pride back and trade with South America and the USA.

That would set the plans back a bit.

Fri, 06/08/2012 - 08:22 | 2506695 LULZBank
LULZBank's picture

Get your pride back and trade with South America and the USA.

Paella for iPads?

Fri, 06/08/2012 - 08:52 | 2506767 GMadScientist
GMadScientist's picture

We'll even come help with the excess housing inventory once the peseta appreciates enough.


Fri, 06/08/2012 - 08:18 | 2506683 aleph0
aleph0's picture



The most interesting part is the text at the bottom ... which is hardly readable.

@ZH ... would be nice to have it displayed in your article.

Fri, 06/08/2012 - 08:19 | 2506686 TrumpXVI
TrumpXVI's picture

The U.S. taxpayer wants to help.

Fri, 06/08/2012 - 08:20 | 2506688 docj
docj's picture

"If you owe the bank $100, that’s your problem. If you owe the bank $100 million, that’s the bank’s problem."

True - at least until the bank figures out you're never, ever going to repay that $100 million. Then I'm pretty sure it becomes your problem, again.

Fri, 06/08/2012 - 08:45 | 2506751 disabledvet
disabledvet's picture

"If you owe the Government a trillion" and your answer is The Facebook IPO however...

Fri, 06/08/2012 - 08:21 | 2506693 goldinpenguin
goldinpenguin's picture

Fortunately for Spain they're too big to fail and Germany will soon be in too deep to quit. Eventually Spanish banks will be forced to reveal their underreported real estate losses forcing additional rounds of German/Euro bailouts. 

They're already promising Spain better terms than they gave the other little PIIGies who are not TBTF. Irish banks need to be re-funded again after they already BK'd the state once. Spain is a few years behind Ireland admitting their RE losses but the TBTF factor will save them somewhat.

The wild card is if the Euro alphabet soup of super national funding agencies is too slow to act and the Spanish banks go into a bank run death spiral.

Fri, 06/08/2012 - 08:22 | 2506697 TomGa
TomGa's picture

"One Graph to rule them all, One Graph to find them, One Graph to bring them all and in Austerity bind them."

Fri, 06/08/2012 - 08:24 | 2506704 Kina
Kina's picture

I think Spain is fucked, no matter they get money from Germany to eventually give to German and Fench banks.

HIgh unemployment, poverty will get them to another civil war sometime, or just create anarchy which in the end will trash any hope the country has economicially for some time.


Fri, 06/08/2012 - 08:53 | 2506772 the tower
the tower's picture

Spain is fucked, but no civil war or anarchy: the Spanish are very community oriented peaceful people.


The situation: The house was bet on real estate, the bubble burst.

There's no production besides fruit and veggies, only highly educated jobless pixel-pushers left.

Only one way to go: lower wages/prices and focus on production.

Bring back Zara and the leather industry, use Germans to implement efficiency, take it from there.

Spain must produce more, Germany must consume more, they need each other.

Fri, 06/08/2012 - 08:25 | 2506707 hugovanderbubble
hugovanderbubble's picture

If im German citizen,corporation...., i agree with them, Spain needs to change many things before any bailout.- 

German Taxpayers are not stupid.

Im spanish, i hope the best for my country, but we cannot change whole economic model in 1 nanosecond.

Germany Please give us grace period.


If we in 12 months dont show real improvement, ok, then stop bailouting our banks and Governments Accounts.



Fri, 06/08/2012 - 08:37 | 2506736 cahadjis
cahadjis's picture

What are you talking about??!! I'm greek and i don't want them to lend anything to anyone, by giving grace periods we never learn. Only via harsh realities. Suffer it through mate, we don't deserve better. If we had an ounce of brain (which would deserve grace periods) then we would have been behaving prudently, saving during good times for the bad times, but no, we elected corrupt hands to feed us, borrowing from the future. ENOUGH GRACE PERIODS ALREADY! WE WANT TO BE BANKRUPT pero ya!



Fri, 06/08/2012 - 08:30 | 2506716 Sean7k
Sean7k's picture

For all those that cringe at the thought of revolution or resets- always think in terms of decentralization. The breaking of wholes into smaller parts. To the degree we can force power to be wielded at local levels, we gain liberty for all. 

Every decision that reverts to local control, is a battle won. Every investment made at a local level is a battle won. Every trade done at a table top, in a local market, is a battle won.

Every exchange asset, traded without regard for legal tender laws is a battle won.

Fri, 06/08/2012 - 08:31 | 2506720 Silberadler
Silberadler's picture

Vee vill haff to negotiate zhis...
Negotiation Techniques - Fifth Element

Fri, 06/08/2012 - 08:31 | 2506721 The Reich
The Reich's picture

It explains what the Spanish youth (50% unemployment rate) does in their ample spare time.

Fri, 06/08/2012 - 08:39 | 2506741 GMadScientist
GMadScientist's picture

And now we just need an explanation for what the fuck you do with yours.

Maxed out SNAP card got ya cranky again?


Fri, 06/08/2012 - 08:37 | 2506735 CrimsonAvenger
CrimsonAvenger's picture

Alarmist and meaningless. Where's the Y axis? IOW what are the actual counts, either raw or as a percentage of the population? For all I know the rightmost bar could represent 50 tweets.

Fri, 06/08/2012 - 09:03 | 2506802 CrimsonAvenger
CrimsonAvenger's picture

I retract my previous smart-assedness. Just saw the miniscule text under the bars. I thought it was a measure of #stopmerkel tweets.

Fri, 06/08/2012 - 08:38 | 2506737 evolutionx
evolutionx's picture

Bundesbank Target-2 alarm:

almost 700 B in May + 55 B

Fri, 06/08/2012 - 08:39 | 2506738 the not so migh...
the not so mighty maximiza's picture

They will have to send panzers in, the only way these people will pay you back is when you point a tank turrent at their head.

Fri, 06/08/2012 - 08:38 | 2506739 RobotTrader
RobotTrader's picture

Wow, bonds going vertical again, everybody is fleeing to "Paper" this morning.

Check out the German Bunds......



Fri, 06/08/2012 - 08:39 | 2506740 slackrabbit
Fri, 06/08/2012 - 08:45 | 2506750 GMadScientist
GMadScientist's picture

F'in comedy gold in that article:


"EU state-aid rules, designed to stop government subsidies distorting competition,"


"you could be prepared to rescue a bank, but we are beyond that point now"

True dat.

I love the implicit lie that the governments in question are even in a position to "subsidize" a damn thing.

Fri, 06/08/2012 - 11:59 | 2507575 slackrabbit
slackrabbit's picture

Only the next 5 star HOOtel and champagne banquet - to solve the EU yet again

Fri, 06/08/2012 - 08:43 | 2506747 billybobtx
billybobtx's picture

Not sure what that chart is...Can anyone 'splain it to me?

Fri, 06/08/2012 - 08:49 | 2506759 GMadScientist
GMadScientist's picture

If you invert it, it's the depth to which Spain's Casas have descended.

It's the size of the bailout Spain has fessed up to so far (there's tiny text under each column if you zoom in).


Fri, 06/08/2012 - 09:01 | 2506796 UndergroundPost
UndergroundPost's picture

Stairway to Draghi Heaven

Fri, 06/08/2012 - 22:32 | 2509497 mjcOH1
mjcOH1's picture

It's the projected German retirement age necessary to fund deadbeat southern European nations at the requested 'donation' level of the day.   

Fri, 06/08/2012 - 08:46 | 2506752 LMAOLORI
Fri, 06/08/2012 - 08:49 | 2506761 Zgangsta
Zgangsta's picture

C'mon Tyler!  Who has a monitor tall enough to view that chart??

Fri, 06/08/2012 - 08:51 | 2506764 Ralph Spoilsport
Ralph Spoilsport's picture

It helps if you print the chart out on one of these things:

Fri, 06/08/2012 - 09:11 | 2506785 UndergroundPost
UndergroundPost's picture

The PIIGS (especially Spain and Greece) and France, hell, all the EU countries except Germany and possibly Finland and the Dutch are to the EU what Tungsten is to Gold.

All EU nations - Germany = Tungsten

Germany = Gold

Fri, 06/08/2012 - 09:32 | 2506917 Stock Tips Inve...
Stock Tips Investment's picture

I think the crisis in Europe is much more serious than was thought a few months ago and what they said the authorities. Failed governments, the ECB and the IMF. But it also failed the citizens who were seduced by a false welfare while undermining the structures of their countries economy and mortgaged the future of their children and grandchildren. In my opinion, the effects of this crisis will be very violent and serious. As usual on these occasions are great opportunities for those who are very alert.

Fri, 06/08/2012 - 10:13 | 2507056 Nobody For President
Nobody For President's picture

I read the "(Keep ..." on the chart as Cheep...

Fri, 06/08/2012 - 10:14 | 2507058 sbenard
sbenard's picture

This is the stuff world wars are made of! We are ALL entitled now... to the fruits of someone else' labor! Not a good scenario for our future!

Fri, 06/08/2012 - 12:24 | 2507652 elwu
elwu's picture

The blackmailing of Germany via Target2 won't work, no matter how big the balance figures are.

1st, if a country leaves the eurozone and refuses to pay back the Target2 debt, this state will get a hell of a lot of trobule with all other remaining eurozone member, not just Germany. They can't afford this, not economically, nor military wise, nmor in any other respect, and they are perfectly aware about this. Say for instance, Spain against 16 other nations. Spain would be the pariah of Europe forever, or at least until the state would break apart into regions.Knowing this, Spain would serve her Target2 debt, most of it at least. And she would do so in Euro, not New Pesetah or so because

2nd, collateral is provided for almost all the Target2 transactions as they originate in money creation by the central banks. If Spain leaves the eurozone, and wants to steal the collateral, the euros in German bank accounts of spanish  citizens and companies will simply be converted by force into new Pesetah, which makes the “losses” of the ECB go away

Tyler, your increasingly hysterical blogging about Germany here and Germany there shows every sign of an advanced state of reality denial. Better get back to reality instead of sounding like a broken record on drugs.

Fri, 06/08/2012 - 13:22 | 2507848 Monk
Monk's picture

It's not just "stop Merkel," it's stop people from borrowing and losing $100 million.


Fri, 06/08/2012 - 13:35 | 2507914 jmc8888
jmc8888's picture

It'll be far bigger than this.  Banco Santander has 800 billion in bad loans alone.


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