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Summarizing The True Sad State Of The World In Two Charts

Tyler Durden's picture


You can listen to CNBC, and the president, drone on about the recovery, about the wealth effect, about trickle-down economics, about why adding $150 billion in debt per month is perfectly acceptable, and about a brighter future for America and the world... or you can take a quick look at these two charts and immediately grasp the sad reality of where we stand, and even sadder, where we are headed.

Chart 1

Chart 2

Source: BIS and NYT


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Wed, 03/28/2012 - 10:50 | 2297208 Lost Wages
Lost Wages's picture

You cheated. That is way more than two charts. ;)

Wed, 03/28/2012 - 10:54 | 2297227 economics9698
economics9698's picture

End the Federal Reserve.

Declare bankruptcy.

Limit the federal government to 11% of the GDP.

Let private banks issue private currency backed by gold and silver.

Wed, 03/28/2012 - 10:57 | 2297245 tarsubil
tarsubil's picture

If you do the last one, you don't have to worry about the first three.

Wed, 03/28/2012 - 12:17 | 2297494 hedgeless_horseman
hedgeless_horseman's picture




I think that in this instance, income is not salary. 

The real title for Chart Two should be,
"Why You Should Have Owned Stocks in 2010."


Remember that in 2009,
The Stock-Broker-In-Chief did say it was going to be a good time to buy stocks...
...regardless of your risk tolerance, financial situation, or age.

 The next time President Obama gives investment advice I am sure going to listen. 

Did you know he worked for a Wall Street firm and is a millionaire? 

Did your broker go to Harvard?

Wed, 03/28/2012 - 12:29 | 2297606 Oh regional Indian
Oh regional Indian's picture

The Fed...


It was established as the Federal Reserve Eleemosynary Corporate Estate Trust.  Never heard that third word before, did you? Well, "Eleemosynary" means, according to the definition in our unabridged dictionary - "pertaining to alms, or charitable; of or for charity of alms." In other words, the American people have been DONATING their alms to it.  Since our actual "coin of the realm" or "lawful money of account" has all been stolen from us, when they discontinued the use of gold and silver, we are only using "funny money" or bogus bills.  Our coins are only metallic alloys - worthless, actually.  In addition, they drain our energy just carrying them around.  You can easily prove that. check it out...


Wed, 03/28/2012 - 13:00 | 2297698 falak pema
falak pema's picture

machines never created man; unless you consider God/mother nature as a perfect machine. We are in reverse thinking because we are in perverse thinking; Oligarchy and feudal orders that pretend they serve the general good are by definition totalitarian and Orwellian; this is Machiavelli's legacy : don't be Saint Louis when you kill as nobody buys that anymore, be a Borgia and say its for your own good, its reason of state etc. etc. etc. People love that! The machine culture is the runaway culture of hubristic man being chased by the machine programmed phantoms of his  mad paranoia in name of state or better still, NWO, which protects humanity from petty politicians and their petty lies and petty wars, and the BIG HUGE LIE that this scam defecates along his mayhem trail. 

Wed, 03/28/2012 - 13:10 | 2297749 Cpl Hicks
Cpl Hicks's picture

You've got a runaway culture working in your brain, fp. And guess what- People love that!

I do, anyway.

Wed, 03/28/2012 - 13:37 | 2297834 moonshadow
moonshadow's picture

Take probiotics for that...

Wed, 03/28/2012 - 10:59 | 2297255 EscapeKey
EscapeKey's picture

When Andrew Jackson wanted to kill the Second Bank of the US, Nicholas Biddle recalled massive amounts of debt back to the bank, causing a severe recession.

Bernanke will no doubt use the same "negotiation technique" (Hitler would be proud).

Wed, 03/28/2012 - 11:03 | 2297274 malikai
malikai's picture

How will Benocide answer the chages of treason?

Wed, 03/28/2012 - 11:15 | 2297329 citta vritti
citta vritti's picture

he won't have to, until U.S. has descended into some Huxley-Stalinist miasma where it serves those who have become tptb to disown their tools (and yes, it's a poor workman who blames his tools). 

Wed, 03/28/2012 - 11:23 | 2297364 francis_sawyer
francis_sawyer's picture

There's that word "miasma" again... Better go get my inhaler...

Wed, 03/28/2012 - 11:29 | 2297389 The Limerick King
The Limerick King's picture



We've entered the Kleptocrat age

Our freedom has turned to a cage

And those at the top

Too greedy to stop

Are about to unleash primal rage!

Wed, 03/28/2012 - 11:35 | 2297420 FlyoverCountryS...
FlyoverCountrySchmuck's picture

We live in a world where stinkin rich Democrats tell the sheeple to hate Rich People, who then get RICHER insider trading off of the hate.


George Orwell was so right. He was just 30 years late in his predictions.

Wed, 03/28/2012 - 11:47 | 2297461 V in PA
V in PA's picture

We live in a world where stinkin rich politicians tell the sheeple...



Wed, 03/28/2012 - 12:12 | 2297555 Ned Zeppelin
Ned Zeppelin's picture

Zactly - Rethuglicans and Demoncrats = no substantive difference. Romney will be no different from Obama, who was no different than Bush, who was no different than Clinton, and so on and so on. 

Wed, 03/28/2012 - 12:48 | 2297669 donsluck
donsluck's picture

Except Carter.

Wed, 03/28/2012 - 13:17 | 2297766 Cpl Hicks
Cpl Hicks's picture

You say miasma, I say malaise.

And to think that I voted for that peanut farmer from Plains, Georgia in 1976....ahhh, the shallowness and arrogance of youth!

Wed, 03/28/2012 - 12:46 | 2297661 falak pema
falak pema's picture

30 years early...

Wed, 03/28/2012 - 11:31 | 2297400 New American Re...
New American Revolution's picture

How else?  Before a firing squad.

Wed, 03/28/2012 - 12:31 | 2297613 ncdirtdigger
ncdirtdigger's picture

It would be more suiting to shove $100 bills down his throat until he choked on them.

Wed, 03/28/2012 - 11:41 | 2297442 TheFourthStooge-ing
TheFourthStooge-ing's picture


How will Benocide answer the chages of treason?

By being hanged by the neck until dead.


Wed, 03/28/2012 - 11:44 | 2297456 Vagabond
Vagabond's picture

We should hang him by the dick first, and then hang him by the neck to finish the job.

Wed, 03/28/2012 - 12:00 | 2297508 GoinFawr
GoinFawr's picture

You're gonna need a smaller rope...

Wed, 03/28/2012 - 12:18 | 2297569 SemperFord
SemperFord's picture


Wed, 03/28/2012 - 12:49 | 2297672 donsluck
donsluck's picture

Torture is bad, always.

Wed, 03/28/2012 - 11:47 | 2297467 penexpers
penexpers's picture

CNN: Bernanke Attempts to Print Way Out of Prison; Caught."

Wed, 03/28/2012 - 11:10 | 2297294 strannick
strannick's picture

Anyone who cities 'Nicholas Biddle' deserves an arrow up. And because Biddle had the power to do this, was all the more reason to decharter his bank. When you read the account, one realizes all the deceit and viciousness the bankers display with their backs up against it. Andrew Jackson was a politician whose stature we may never see again.

Wed, 03/28/2012 - 11:19 | 2297350 Buckaroo Banzai
Buckaroo Banzai's picture

"It is maintained by some that the bank is a means of executing the constitutional power “to coin money and regulate the value thereof.” Congress have established a mint to coin money and passed laws to regulate the value thereof. The money so coined, with its value so regulated, and such foreign coins as Congress may adopt are the only currency known to the Constitution. But if they have other power to regulate the currency, it was conferred to be exercised by themselves, and not to be transferred to a corporation. If the bank be established for that purpose, with a charter unalterable without its consent, Congress have parted with their power for a term of years, during which the Constitution is a dead letter. It is neither necessary nor proper to transfer its legislative power to such a bank, and therefore unconstitutional" -- Andrew Jackson, Veto Message Regarding the Bank of the United States (10 July 1832)

"It is to be regretted that the rich and powerful too often bend the acts of government to their selfish purposes. Distinctions in society will always exist under every just government. Equality of talents, of education, or of wealth can not be produced by human institutions. In the full enjoyment of the gifts of Heaven and the fruits of superior industry, economy, and virtue, every man is equally entitled to protection by law; but when the laws undertake to add to these natural and just advantages artificial distinctions, to grant titles, gratuities, and exclusive privileges, to make the rich richer and the potent more powerful, the humble members of society — the farmers, mechanics, and laborers — who have neither the time nor the means of securing like favors to themselves, have a right to complain of the injustice of their government. There are no necessary evils in government. Its evils exist only in its abuses. If it would confine itself to equal protection, and, as Heaven does its rains, shower its favors alike on the high and the low, the rich and the poor, it would be an unqualified blessing." -- Andrew Jackson, Veto Message Regarding the Bank of the United States (10 July 1832)

"Gentlemen! I too have been a close observer of the doings of the Bank of the United States. I have had men watching you for a long time, and am convinced that you have used the funds of the bank to speculate in the breadstuffs of the country. When you won, you divided the profits amongst you, and when you lost, you charged it to the bank. You tell me that if I take the deposits from the bank and annul its charter I shall ruin ten thousand families. That may be true, gentlemen, but that is your sin! Should I let you go on, you will ruin fifty thousand families, and that would be my sin! You are a den of vipers and thieves. I have determined to rout you out, and by the Eternal, (bringing his fist down on the table) I will rout you out!" -- From the original minutes of the Philadelphia committee of citizens sent to meet with President Jackson (February 1834), according to Andrew Jackson and the Bank of the United States (1928) by Stan V. Henkels - online PDF

Wed, 03/28/2012 - 11:36 | 2297429 monopoly
monopoly's picture

Buckaroo, that was great, it amost makes me cry, that nothing, nothing has changed. The vipers are as smug as ever.

Wed, 03/28/2012 - 11:48 | 2297468 Watauga
Watauga's picture

He was darned good the Bank issue, but man, was he ever hard on the Indians. 

Wed, 03/28/2012 - 12:25 | 2297594 KickIce
KickIce's picture

While I don't condon what he did to the Indians, I can't imagine illegal immigration being a major issue with someone like him in charge.

Wed, 03/28/2012 - 13:30 | 2297803 Cpl Hicks
Cpl Hicks's picture

Will this PC mindset always plague this country of ours?

The Indians, the blacks, the Chinese, the muslims; let's all weep for the sorrows of the oppressed. Ad infinitum.

Wed, 03/28/2012 - 12:34 | 2297622 GernB
GernB's picture

Thanks for posting that. It's amazing how we think with all our technology and "progress" we're so much smarter than we were then, yet over 200 years ago the dangers in the path we have taken were seen with such clarity and simplicity.

Wed, 03/28/2012 - 12:49 | 2297675 vast-dom
vast-dom's picture

Great quote Banzai, thx for sharing. Same selfish self-obsessed deranged lunacy, but I'd venture to say much worse given scam complexities and the fact that there is not even an inkling of an Andrew Jackson figure to even so much as try to address this today. 

Wed, 03/28/2012 - 11:15 | 2297330 Dr. Engali
Dr. Engali's picture

You would think that we might learn something fom history...but we never do.

Wed, 03/28/2012 - 11:45 | 2297459 TheFourthStooge-ing
TheFourthStooge-ing's picture


You would think that we might learn something fom history...but we never do.

That is the only thing we learn from history.


Wed, 03/28/2012 - 12:33 | 2297617 Troll Magnet
Troll Magnet's picture

remember your high school history books?  we NEVER EVER learn history.  they do not teach it and they never will.

Wed, 03/28/2012 - 15:13 | 2298216 Spastica Rex
Spastica Rex's picture

Education is dangerous. Every educated person is a potential enemy.

-- Hermann Goering

Wed, 03/28/2012 - 11:17 | 2297339 MachoMan
MachoMan's picture

Ben has already done this numerous times when important issues were before congress...  granted, it might have only been for a day or two, but it's usually been sufficient to get the point across.  [and also raises questions regarding the FED's withdrawal of liquidity pre 08 crash]

Wed, 03/28/2012 - 11:20 | 2297353 Hansel
Hansel's picture

Benyamin Havenstein Schacht Funk Speer Bernank, Chief Plenipotentiary of Economics, member Central Planning Board, State Secretary of the Ministry of Public Enlightenment and Propaganda

Wed, 03/28/2012 - 11:41 | 2297444 WestVillageIdiot
WestVillageIdiot's picture

Actually, Franco would be proud.  Franco negotiated with Hitler to the point where Hitler made his famous comment about having teeth pulled instead of negotiating again with Franco.  Even Franco wouldn't have tried shit that the central bankers try. 

Wed, 03/28/2012 - 12:00 | 2297513 William113
William113's picture

Where do you think Hitler learned it.

Wed, 03/28/2012 - 11:05 | 2297286 bgilliam83
bgilliam83's picture

That would be a nice way to ween us off the crack.  The fundamental problem here is fractional reserve banking; and that is something beyond our comprehension to solve at this stage of the game.  You can back this stuff by gold, platinum, or whatever the fuck, it does not matter if banks are playing musical chairs charging interest that never existed.  My conclusion is we should have never been born in the first place, there is NO SOLUTION now. Period, end of story. 

Wed, 03/28/2012 - 11:11 | 2297315 FreeNewEnergy
FreeNewEnergy's picture

Check to see when most states repealed their usury laws and a solution becomes clearer.

Wed, 03/28/2012 - 11:19 | 2297351 illyia
illyia's picture

I'll bite: Got list?

Wed, 03/28/2012 - 12:43 | 2297656 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

Usury laws only apply to yous and mes.

Wed, 03/28/2012 - 12:09 | 2297538 spastic_colon
spastic_colon's picture

never happen cuz;

  • positive net birth rate (sucker born every minute)
  • will buy a shiny new pick-up truck cuz they say it get better mileage then my old paid for guzzler (18mpg vs. 17mpg)
  • memories remain short
  • central banking 101 will become required cirriculum (in elementary school)
  • ZIRP makes things look cheap (especially income)
  • most people hate math
  • nobody said things will be solved by tomorrow (measured in epochs)

just observations

Wed, 03/28/2012 - 14:52 | 2298139 RollinsArline3
RollinsArline3's picture

my classmate's sister makes $67/hour on the laptop. She has been without a job for 6 months but last month her pay was $20212 just working on the laptop for a few hours. Read more on this web site .....

Wed, 03/28/2012 - 16:06 | 2298385 jmc8888
jmc8888's picture

Why take a two step forward, two step back approach?

End the Federal Reserve  = Yep

Declare Bankruptcy = Yep  (as well as cancel the you don't need to declare bankruptcy due to fraud, you cancel it....but even after that we're bankrupt, so yes bankruptcy is in store as well)

Limit the federal government to 11 percent of the GDP = Nope  (GDP is a horrible fungible STATISTIC not based in reality. [either way up or down someone can fuck with it for gain at the expense of everyone else] 11 percent is an arbitrary number that has no relation to reality except to some dogmatic monetarist perspective based on the current system [which would be gone].  This is an absolute horrible unneeded constraint added in by the fallacy of dogma.

Let Private banks issue private currency backed by gold and silver = Nope (we already had a private bank issue currency, and at one time it was backed by precious's called the federal reserve)....and this isn't about the 'let people barter amongst themselves type thing'.  Instead you need the American Credit System, which utters credit...not debt...into the system for physical economic projects that create wealth.   Then have THIS backed by precious metals.

Again, monetarism is by it's nature the oligarichs game.  Any form of monetarism is instrinically a form of imperial oligarchy.  We don't need better rules for the oligarchy, we need a break from the oligarchy, and all their twisted dogma inherent in the monetarism lie.  You will never get rid of the oligarchy, unless you get rid of monetarism.  Monetarism, what the founding fathers fought against...we won...but didn't keep was warned.  Now we are at a point again where minds are awaking to the lie of monetarism, but they still think it's only a lie of a part of monetarism, instead of the whole situation.    Monetarism is a feeder fund to the oligarchy.  End monetarism.


Impeach Obama


American Credit System


...or the oligarchy remains in control.  Maybe not to the benefit of ALL the CURRENT oligarchs, but SOME of them would still be in charge.  FUCK THAT.


Wed, 03/28/2012 - 10:55 | 2297234 Seorse Gorog fr...
Seorse Gorog from that Quantum Entanglement Fund. alright_.-'s picture

Yeah, I know.


I want that one.

Wed, 03/28/2012 - 10:57 | 2297241 Gully Foyle
Gully Foyle's picture

Being a US citizen I am concerned that someone would care about "the rest of the world".


Wed, 03/28/2012 - 11:01 | 2297265 Schmuck Raker
Schmuck Raker's picture

Please don't blame your US citizenism for that.

Wed, 03/28/2012 - 11:12 | 2297320 Gully Foyle
Gully Foyle's picture

Schmuck Raker

Donny: Are these the Nazis, Walter?
Walter Sobchak: No, Donny, these men are nihilists. There's nothing to be afraid of.

Wed, 03/28/2012 - 11:39 | 2297439 Schmuck Raker
Schmuck Raker's picture

That's the scene when Donny dies. Foreshadowing is neat.

Wed, 03/28/2012 - 11:58 | 2297501 TheFourthStooge-ing
TheFourthStooge-ing's picture


Please don't blame your US citizenism for that.

He really can't help it. Its nature is eternal, after all.


Wed, 03/28/2012 - 11:32 | 2297403 Normalcy Bias
Normalcy Bias's picture

AnAnonymouses needs to chime in on your US citizenism. Besides, he has the hands-down best avatar on ZH.

Wed, 03/28/2012 - 11:59 | 2297506 TheFourthStooge-ing
TheFourthStooge-ing's picture

Absolutely agree.

His arguments are also quite compelling.


Wed, 03/28/2012 - 10:59 | 2297253 kill switch
kill switch's picture

The first chart is made up of 12 charts!!!

Wed, 03/28/2012 - 11:14 | 2297323 Gully Foyle
Gully Foyle's picture

kill switch

Do they nest inside each other like Matryoshka dolls?

Wed, 03/28/2012 - 11:24 | 2297367 kill switch
kill switch's picture

No these guys are shoulder to shoulder, can see all at once, nice feature.



Funny about the dolls though!!

Wed, 03/28/2012 - 11:45 | 2297457 WestVillageIdiot
WestVillageIdiot's picture

"How many fingers am I holding up, Winston?"

Wed, 03/28/2012 - 11:04 | 2297279 WALLST8MY8BALL
WALLST8MY8BALL's picture

That's inflation for ya!

Wed, 03/28/2012 - 11:32 | 2297404 tempo
tempo's picture

The central bankers are only doing this for the poor, unemployed..its progressive to take (borrow from others)and give to the less forturnate. The real big problem is wages in the East for hardworking qualified people is about $1.25/hr w/o benefits (Foxconn). Eventually, wages in the US/EU for most will decline and our living standards will approach that of the major city in a third world country (think Mexico City). But always remember someone else in the world has it worse...Japan will be abondoned within a few years ( due to radiation levels. Coming soon to the West Coast.

Wed, 03/28/2012 - 11:39 | 2297435 Pegasus Muse
Pegasus Muse's picture

Chart 2:  the stuff revolutions are made of



Excellent documetary:

The Secret of Oz - Winner, Best Documentary of 2010 (v.1.09.11)


Wed, 03/28/2012 - 11:55 | 2297483 HD
HD's picture

"You cheated. That is way more than two charts. ;)"

Inflation. Don't worry, it's transitory.

Wed, 03/28/2012 - 12:50 | 2297677 battle axe
battle axe's picture

REM: "its the end of the world as we know it, and I feel fine."

Wed, 03/28/2012 - 13:30 | 2297804 zerozulu
zerozulu's picture

Yes, but you can give them different labels, like poverty, inflation, $value, price of gold, increase in wealth of top 1%, # of food stamps recipient, #number of immigrants who want to go back, Etc etc.

Wed, 03/28/2012 - 10:52 | 2297214 SHEEPFUKKER

Dear rat. Meet sinking ship. 

Wed, 03/28/2012 - 10:53 | 2297220 VonManstein
VonManstein's picture

bit harsh is that

Wed, 03/28/2012 - 10:54 | 2297222 Eclipse89
Eclipse89's picture

Got vaseline bitchez?

Wed, 03/28/2012 - 11:25 | 2297374 kill switch
kill switch's picture

No,,,MOBIL 1

Wed, 03/28/2012 - 11:46 | 2297464 WestVillageIdiot
WestVillageIdiot's picture

I like to trade in and out of the Vaseline 3x ETF.  That's where the real action is. 

Wed, 03/28/2012 - 10:54 | 2297226 Rubbish
Rubbish's picture

I spent my $80 in gas this morning.

Wed, 03/28/2012 - 10:55 | 2297230 economics9698
economics9698's picture

You need to trade that SUV in for a Yugo.

Wed, 03/28/2012 - 10:57 | 2297243 Spastica Rex
Spastica Rex's picture

Fretting about petrol is for the little people.

Wed, 03/28/2012 - 11:02 | 2297268 Dr. Engali
Dr. Engali's picture

Leona is that you?

Wed, 03/28/2012 - 11:09 | 2297308 V in PA
V in PA's picture

It's our RIGHT as American citizens to bitch about the cost of gas (energy) (while holding our 500ml bottled water that cost $1.25) damn it!!!

Wed, 03/28/2012 - 11:17 | 2297335 roadhazard
roadhazard's picture

I can't believe people do that shit (except in Fla.). I have never bought a bottle of water and never will.

Wed, 03/28/2012 - 11:39 | 2297432 hedgeless_horseman
hedgeless_horseman's picture



At the marketing meeting:

Will Americans pay big money to drink tap water shipped across the globe in little bottles?  Are they really that naive?

Our research says that they are.

But, it is just tap water!


So, what are we going to call this?

Maybe something that sounds French?

Wed, 03/28/2012 - 11:54 | 2297480 LFMayor
LFMayor's picture

Good call.  I'm unable to decide if bottled water being sold is just a sign of the dumbing of the herd, or if it can instead be used to somehow gauge the real economy.  As long as people are converting labor into somethng that falls for fucking free out of the sky, we might not be ready to tip over the edge.

Wed, 03/28/2012 - 12:46 | 2297660 DCFusor
DCFusor's picture

Miller High Life, while not actually real beer, is a cheaper substitute for bottled water, and you don't get the plasticizers in the bottles.


Wed, 03/28/2012 - 12:16 | 2297561 RallyRoundTheFamily
RallyRoundTheFamily's picture

Not nearly enough fracking going on in your area.  Contact your congressman.

Wed, 03/28/2012 - 12:53 | 2297688 MayIMommaDogFac...
MayIMommaDogFace2theBananaPatch's picture

I have never bought a bottle of water and never will.

If / when the SHTF you may wish you had...

Thu, 03/29/2012 - 17:56 | 2301999 roadhazard
roadhazard's picture

No, I have mountain well water. It is so cold it frosts the tap. Eat your heart out.

Wed, 03/28/2012 - 11:14 | 2297322 Bodhi
Bodhi's picture

I'm not sure if there are any remaining Yugos that still run.

Wed, 03/28/2012 - 11:44 | 2297453 Agent P
Agent P's picture

Was watching a movie with the kids on the Disney Channel (my avatar speaks volumes about my real life) where a mother and her teenage daughter were trying to get acorss country and they had to buy a Yugo from a garage.  The exchange went something like this...

Garage Owner: "Well, I've got just the one car I can sell you."

Mother: "Ugh...a Yugo?"

Daughter: "What's a Yugo?"

Mother: "It's a car, from before you were born, made in a country, that no longer exists."

Only laugh I had during the whole movie.

Wed, 03/28/2012 - 11:56 | 2297491 spastic_colon
spastic_colon's picture

they're called Chevy Volts now

Wed, 03/28/2012 - 12:22 | 2297583 GeezerGeek
GeezerGeek's picture

Not running means it's cheap on gas. Keep the gas cap on and the evaporation rate is quite low.

Wed, 03/28/2012 - 10:55 | 2297228 LetThemEatRand
LetThemEatRand's picture

Hmm.  The charts are all basically the same, and all of that sheep/serf debt is ending up as cold hard cash in the hands of a few at the top.  Any question about who is really running things (hint -- it's not your individual government).

Wed, 03/28/2012 - 11:06 | 2297295 jekyll island
jekyll island's picture

One of the best arguments I have seen for trying to get into the top 0.01% of earners.  

Wed, 03/28/2012 - 11:25 | 2297376 francis_sawyer
francis_sawyer's picture

The 99%'ers all just got theirs from going on Oprah & getting a free car...

Wed, 03/28/2012 - 13:41 | 2297847 Cpl Hicks
Cpl Hicks's picture

That is weird when you think about it. A .01%er giving away free shit to 99%ers.

What's her angle anyway? Is she trying to atone for the collective sins of her class or is she just nuts?

Wed, 03/28/2012 - 12:59 | 2297709 donsluck
donsluck's picture

They are clearly not the same. Note how some countries can address the Debt/GDP imbalance with action, while others, like the US, cannot.

Wed, 03/28/2012 - 10:55 | 2297232 Dick Darlington
Dick Darlington's picture

OT: Finnish YLE writes the EU itself is facing a budgetary crisis.

Via Google translate:

Wed, 03/28/2012 - 11:05 | 2297287 cossack55
cossack55's picture

And just where the hell is Iceland. Oh yeah, freedomville. Fuck the IMF

Wed, 03/28/2012 - 11:07 | 2297301 Dick Darlington
Dick Darlington's picture

Indeed mate, indeed!

Wed, 03/28/2012 - 10:56 | 2297235 Spastica Rex
Spastica Rex's picture

Lackey: Madame, the peasants have no bread!

Obama: Let them eat brioche, or Double Quarter Pounders with cheese!

Wed, 03/28/2012 - 10:58 | 2297250 Gully Foyle
Gully Foyle's picture

Spastica Rex

Fuck dude where the hell you been? Michelle don't allow that shit to be eaten anymore.

Wed, 03/28/2012 - 11:22 | 2297360 uno
uno's picture

O: Let them eat Hope.

Wed, 03/28/2012 - 11:26 | 2297379 Spastica Rex
Spastica Rex's picture

Tomorrow! Tomorrow! I loves, ya , Tomorrow! You're only a day away!

Wed, 03/28/2012 - 10:56 | 2297236 Bob
Bob's picture

I don't see no class warfare!  Move along . . . move along, little sheep. 

Wed, 03/28/2012 - 11:05 | 2297285 Decolat
Decolat's picture

Don't worry, my sheeple. Better pasture lies just beyond this 'little' hill. Follow me... and CLIMB.


Wed, 03/28/2012 - 11:15 | 2297332 Al Huxley
Al Huxley's picture

Just up this little ramp here, and around the corner, through the door and then you'll be there.

Wed, 03/28/2012 - 12:42 | 2297553 GoinFawr
GoinFawr's picture

Modest Mouse has some nice imagery for that one:

"A fake Jamaican took every last dime with a scam.
It was worth it just to learn some sleight-of-hand.
Bad news comes don't you worry even when it lands.
Good news will work its way to all them plans.
We both got fired on exactly the same day.
Well we'll float on good news is on the way."

Seriously, screw that soma-song.

"That Keynesian phony took every last dime with that scam.

And if you don't like it they'll take you away in an unmarked van.

Bad news comes don't you worry even when it lands.

Uh oh that's half your own leg you're now holding in your hands.

We both got fired on exactly the same day.

Well we'll float on SNAP cards are on the way."



Wed, 03/28/2012 - 11:23 | 2297365 Spastica Rex
Spastica Rex's picture

But class warfare with the 1% would mean I would have to be on the same side as smelly Occupy hippies and fat welfare queens. Also, if push comes to shove, I'll root for the 1% because I heard that if I don't, I'll never get to be one of them. 

Wed, 03/28/2012 - 11:33 | 2297412 Bob
Bob's picture

Yup, that sums it up.  It works every time. 

Wed, 03/28/2012 - 12:34 | 2297623 falak pema
falak pema's picture

The NWO is counting on this knee jerk of ..."I'm not one of them so I'll tag along with the 1% even if I'm not one of the them". Just like the Casino kings rely on those who come play roulette; guess who wins in the end. Serfdom is serfdom, but the general feeling is humanity is doomed to return to it. SO why fight the inevitable; we aren't made of the stuff that made the founding fathers...That's the point of those charts...if we keep going down the red dotted line.

Wed, 03/28/2012 - 12:57 | 2297697 Bob
Bob's picture

The main body of current useful idiots appear to be the 80-99th percentile crowd who see their 401k and IRA balances again ballooning and retain foolish hopes of a similar reinflation of home values. 

They don't want no trouble, gotta just keep on keeping on serving with a smile the top 1% and surely everything will pay off in the end . . . they'll get their just reward, right?

The Big Market Dump to come is gonna tear their tiny little worlds asunder. 

Too bad the chance for sensible reform will be gone by then . . . along with all the money. 

Wed, 03/28/2012 - 13:54 | 2297891 Spastica Rex
Spastica Rex's picture

I'm inclined to disagree with you on the market dump. I think the expendable passengers will be ejected from the lifeboat one by one, with the full blessing of those remaining on board each time.

Huzzah, it wasn't me!

Wed, 03/28/2012 - 13:51 | 2297878 Spastica Rex
Spastica Rex's picture

+1 succinct

Wed, 03/28/2012 - 12:11 | 2297545 Amish Hacker
Amish Hacker's picture

And I'll loudly oppose the Estate Tax because some day I want to be in the 0.1% of the population it applies to, and besides, I heard Fox News call it the "death tax," and it doesn't seem fair to tax people just because they died.

Wed, 03/28/2012 - 12:26 | 2297599 GeezerGeek
GeezerGeek's picture

It doesn't seem fair to place a huge debt burden on people just because they haven't been born yet.

Wed, 03/28/2012 - 12:39 | 2297639 GernB
GernB's picture

How about apposing it because it's not your money and you have no moral or ethical claim on it.

Wed, 03/28/2012 - 13:04 | 2297722 walküre
walküre's picture

same side as (smelly Occupy hippies and) fat welfare queens.

Both are useful idiots, just different tribes. Best to be far away from either group and fight for your own survival. You might meet a few kindred spirits on the vast plains or in the endless bushes. You will not meet any useful idiots who are dependents of the state (whatever state that may be) in the wilderness.

Wed, 03/28/2012 - 10:58 | 2297249 rosiescenario
rosiescenario's picture

.....let's see, short Walmart, get long far so good, but that 'bottom 99%' appears to be getting armed up...note Ruger is sold out.....something to ponder in that.

Wed, 03/28/2012 - 10:59 | 2297256 Gully Foyle
Gully Foyle's picture


"but that 'bottom 99%' appears to be getting armed up"

Get back to me when they start setting themselves on fire. Or better yet when they start setting the 1% on fire.

Wed, 03/28/2012 - 11:11 | 2297317 narapoiddyslexia
narapoiddyslexia's picture

The idea that the 99% could harm the 1% is without any foundation.
See the link below and realize who controls the military. The only way is to cease participating. Don't deal with banks. Don't borrow money. Don't buy crap made in China. Get by with what you have.

Wed, 03/28/2012 - 11:24 | 2297369 Spastica Rex
Spastica Rex's picture


Opt out.

Wed, 03/28/2012 - 11:48 | 2297450 hedgeless_horseman
hedgeless_horseman's picture



Disintermediation in...

  1. Water
  2. Food
  3. Shelter
  4. Education
  5. Banking
  6. Security
  7. Transportation
  8. Religion


Wed, 03/28/2012 - 11:00 | 2297258 gjp
gjp's picture

And of course it's those very same 1% who are getting all the gains who are telling the plebes that everything is rosy.

Orwell, Marx, Lenin, von Mises, this was predictable a long time ago.  Every society collapses with the powerful plundering the public.  Democracy and capatilism, with their principles of freedom and equality now exposed as pretenses, are no different.

Wed, 03/28/2012 - 11:03 | 2297277 ISEEIT
ISEEIT's picture


It's not the structure idiot.

It's the contents.

Wed, 03/28/2012 - 11:08 | 2297303 semperfi
semperfi's picture

GJP, we do not have Democracy and we do not have Capitalism - we have Central Planning dressed up in Democracy & Capitalism clothing.  And that is why things are all fucked up - central planning - big intrusive Govt.

Wed, 03/28/2012 - 11:18 | 2297347 gjp
gjp's picture

I agree.  The principles of capitalism and democracy have been betrayed.  An open question is whether they can ever be honored.  Something about power corrupting ...

Wed, 03/28/2012 - 11:41 | 2297443 semperfi
semperfi's picture

Agreed - personally I don't think "human nature" will allow them to be honored for long.  Thank God for the 2nd Amendment !

Wed, 03/28/2012 - 11:16 | 2297337 Silver Dreamer
Silver Dreamer's picture

Our nation, and the West in general, is being looted as the last step before its destruction.

Wed, 03/28/2012 - 11:22 | 2297362 InconvenientCou...
InconvenientCounterParty's picture

The US is a Fascist state. Why do people still believe the myth of Capitalism and Democracy? The preservation of the western status quo requires bread and circuses, which clearly require inflation and acquisition of resources via military conflict.

Russia and China are playing the same game and are linked to the U.S. in a sense. Iran is trying to completly change the rules and they are succeeding. Keep waiting for that next round of "talks" while they saw on your neck with a dull knife.

Wed, 03/28/2012 - 11:02 | 2297267 Mattress Money
Mattress Money's picture

why is Ireland so low relativley speaking?

Wed, 03/28/2012 - 11:03 | 2297269 ISEEIT
ISEEIT's picture

It's alway's about the money.

Wed, 03/28/2012 - 11:19 | 2297328 V in PA
V in PA's picture

Actually, it's always about sex and power. Money just happens to be the best way to achieve both.

Wed, 03/28/2012 - 11:03 | 2297270 mayhem_korner
mayhem_korner's picture



My interpretation of these is liberty succumbing to tyranny via financial repression.

Wed, 03/28/2012 - 11:03 | 2297273 snakeboat
snakeboat's picture

You say it like it's a bad thing (recession).

Wed, 03/28/2012 - 11:04 | 2297275 Dr. Engali
Dr. Engali's picture

Why is the comparison Debt to GDP? Why not look at debt to revenue?

Wed, 03/28/2012 - 13:06 | 2297733 walküre
walküre's picture

That's gross. If he did that, half of CNBC would immediately jump over the cliff. The other half start reading ZH and understanding how they were part of the problem.

Wed, 03/28/2012 - 11:05 | 2297284 Zola
Zola's picture

You have to default on all this debt and the young people will. These projections dont take into account a nice little 75pct+ haircut to all the idiots who bought this debt in the first place. Investors : Meet free market reality.

Wed, 03/28/2012 - 11:09 | 2297307 jekyll island
jekyll island's picture

If everyone defaults, does the FRN$ remain the world reserve currency?  Buy some more, bitchez!

Wed, 03/28/2012 - 11:05 | 2297288 Frank N. Beans
Frank N. Beans's picture

i hear the Jeffersons AIN't gonna move on up to the East Side.

Wed, 03/28/2012 - 11:05 | 2297289 gaoptimize
gaoptimize's picture

I find these charts projecting things (other than demographics) beyond 5 years to be naive and not instructive.  Does anyone believe current trends can continue beyond 5 years?  I'll be shocked if it lasts 2.

As for the 2nd chart.  From a recent WSJ article on Greece:

"Mr. Vourtsis is among the one in four Greeks who  say he or she wants to leave the euro and return to the old nationalcurrency,the drachma. "We who  are unemployed and are already living a reduced quality of life have nothing to lose," he says  "It's the banks who have something to fear "."

Let me say that while I do live in some fear, it serves as both motivation and hope for a better future beyond this mess.  How are the 1% going to deal with the fear that might grip them soon?



Wed, 03/28/2012 - 11:06 | 2297290 Everybodys All ...
Everybodys All American's picture

When the reset occurs the dollar will be devalued by at least 40%. Hope you are ready for that outcome. I'm not sure anyone can prepare properly for that. Bernanke or whoever will have no choice. BTW it's also likely they will try to confiscate your precious metals at the same time.

BTW we are likely some years away from this happening but it is the future unless this spending binge is brought under control.

Wed, 03/28/2012 - 11:22 | 2297361 FreeNewEnergy
FreeNewEnergy's picture

How does the dollar get devalued by 40% when it's measured against other floating (or submerged) currencies? Floating currency rates in the aftermath of Bretton Woods was the masterstroke of the globalists that has kept the ponzi spinning for the last 40 years.

As sovereign economies go broke, one by one, the US will be among the last. In the interim, it's a yo-yo upon which the elitists pull the string.

Wed, 03/28/2012 - 11:29 | 2297390 Everybodys All ...
Everybodys All American's picture

Dream on ... it's the only way a reset can occur. I won't debate that others fail first but it's coming here as well.

Wed, 03/28/2012 - 12:35 | 2297625 kill switch
kill switch's picture

I think I have posted this a few times but this site is large and you can't reach all,  I'll post it here as it talks the 40% and gives ZH a plug..

Wed, 03/28/2012 - 13:22 | 2297781 walküre
walküre's picture

unless this spending binge is brought under control.

too late for that

not enough tax revenues there to make-up for the balance when the government spigot shuts off

government is the biggest consumer, the biggest employer and the biggest factor driving the economy

Wed, 03/28/2012 - 11:07 | 2297296 Robert Neville
Robert Neville's picture

Imagine what these charts would look like if they used actual data instead of government manipulated figures.



Wed, 03/28/2012 - 11:07 | 2297298 kill switch
kill switch's picture

Red lines on charts always make my ass pucker!!

Wed, 03/28/2012 - 11:15 | 2297327 Monedas
Monedas's picture

"Your going to hear a giant sucking sound !"....Ross Perot        These graphs look like Trickle Up Economics....but you forgot to show the increase in government revenue....they are the heel of the boot that's on your neck !   Monedas  2012   Comity Jihad Spread The Wealth Tour

Wed, 03/28/2012 - 11:15 | 2297333 alchemystic
alchemystic's picture

Ya know I'm thinking, only a disaster can save me now!

Wed, 03/28/2012 - 11:16 | 2297340 kralizec
kralizec's picture

Looks like the wrong 12 step program to me...

Wed, 03/28/2012 - 11:19 | 2297344 Crash2012
Crash2012's picture

Actually, it is that second chart that tells so much.


In 3 short years the threshold for being in the 'top 1%' has moved from 350,000 to 250,000 and now to 105,637!


What this really means is that the Obama plan of spreading the wealth, err, trickle down poverty is working!


People have less money today than before.


Wed, 03/28/2012 - 11:27 | 2297382 FreeNewEnergy
FreeNewEnergy's picture

Sorry, crash, but you need to read what the graph represents. It's total increase since 2010, not the gross total, or do you think the income of the bottom 99% is $80?

Plus, get thee a proper avatar!

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