What's Wrong With This Picture?

Tyler Durden's picture

Central Planning is #winning because this time is different.

Answer? (here or here maybe)


(h/t Andy Yorks)

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trav7777's picture

nothing's wrong with the chart...the fed is buying the curve.  wtf is so hard to figure that ben is doin EXACTLY WTF ben SAID he goin do?

Tyler Durden's picture

Hence: "Central Planning is #winning because this time is different."

clones2's picture

Simple explanation is that the latest printing has moved that money into equities....

Without excessive printing...  Money in the past has moved out of treasuries and into equities...

fonzannoon's picture

Look at them smush the vix today. I bet they did it just to get a laugh at all of us.

I am more equal than others's picture

Based on that data it would appear the market is 14% rich over credit.  Wonder which one gives first?  A massive inversion of both?  Ride-em cowboy.

Pinto Currency's picture



The Fed didn't like the old curve so it is starting a new one.

You can do that until the reactor explodes and pitchfork sales go through the roof.

Then the Fed will identify Iran as the problem. 

Rubber soled shoes are increasingly en vogue at the Fed although few discuss this new fashion trend.

Xkwisetly Paneful's picture

The FED are like the Globetrotters when it comes to final record.

they are just more brazen than ever,

instead of coercing someone else to wipe his ass he is doing it himself.

DEC 2008 the entire world times two was lined up to wipe it for him and pay him for the pleasure.



Harlequin001's picture

It looks like a penis...

I've got gold, so is there something in this visual pornography that I should give a toss about?

because at the moment I am totally fucking toss-less...

Cadavre's picture

A very happy penis, indeed, anticipating a well earned relief despite the implications (whatever our handlers decide those will be).

The information would be more usable (at least a moi anyway) were it a line chart with both an S&P signal and a 3 mth Yield signal originating at zero %, and then marking "relative" percent changes as time function.

The DoT offers EOD yield histories (XML downloads) here.

Sam Clemons's picture

Any chance we could see the Fed flatten the entire curve to near zero?  An inverted yield curve where the short end is .25% and the long end is 0%.

Cadavre's picture

The Fed didn't like the old curve so it is starting a new one. +1

All confused - like yield (total rate of return, or period interest income +/- period asset appreciation/depreciation mark up/down to principal balance), versus a plain vanilla interest rate.

A 3 month treasury (bullet maturity) is just last 3 months of a bond issued 29 years and 9 months ago.

Yield is a function of price to par and income. All that has to be done is trade the bond, and that price will reset it's yield.

Upward trending yield means a loss of demand (price weakness).

IF the FED short sells it's bonds, given that at one FMOC, the "Span" suggested the FED invest in UST "put" derivatives, the FED can profit even if it short sells some of it's UST positions. The Treasury market, when we consider the positions the FED holds, can be manipulated by a call from Ben to JPM or GS - and that's all it would take.

Thats the problem with a monopolistic capital market. That's what the FED is. They print, indexes climb, they buy, indexes fall. Market manipulation by any other name is still market manipulation.

So why the f*ck ain't the MIB's calling it "market manipulation"?

Cadavre's picture

Or it could be the timing of Wanta / Ameritrust 15 Trillion of fake gold UST gold backs coupon redemptions ...

First review this U-Tube video of Lord James of Blackheath's Feb 12 2012 indictment of HSBC regarding a 15 Trillion smakaroo fraud. BTW, rumors of Lord James death are not true.

Now recall the ZH story regarding the "box" of 6 Trillion (USD) in 1934 US gold bearer bonds with coupons attached and a 52 star flag stenciled (thats right 52 stars) on the box found n the basement of the Chicago FED.

Now this is part where the affects of the "Ecstasy" begin to wear off and we discover the bowl of tasty dessert pudding is nothing more than a chilled diarrhea stool sample ..

Below is one of the strangest stories in financial history, one involving the US government lying about hundreds of thousands of tons of imaginary gold, illegal wire transfers and loans totalling $15 trillion.  The video, from the House of Lords, is amazing in itself. 
What it doesn’t express is where the money came from though Lord James of Blackheath proves conclusively that an effort was made to say it came from a gold reserve in Brunei that, in fact, never existed.

Bush, Fed, Europe Banks in $15 Trillion Fraud, All Documented

The link cites a story from Gorfon Duff at Veteran's Today. Quit going to the VT moi-self when the Gord shared a byline on a story claiming that the WTC assets were brought down by a nuclear detonations. Anyone that has hung round NYC knows that city has more isotope sniffers than Israel's bomb factory under the Dimona reactor.  Most of Gordon's reader's were willing to let that bit of conjuncture-d conjecturing crony comedy journalism pass like a small kidney stone, after all, he did share that particular byline with a parishioner of  the Israeli State Cult. But later, and not by much, the Duff, all by his lonesome penned a story in VT in which Father Gordo blessed the planned genocide of Libya on the grounds it would "Save 1000s of innocent lives". Note, it only required NATO to kill 10,000 Libyan  innocents  to save 1000 Libyan innocents. But whose counting, well Gordon, along with Lord James, is counting the Trillions behind the Wanta (sole owner of Ameritrust Stock) and Ameritrust 's participation in what looks to be a potato so hot noone constitutionally obliged to touch it will touch a 15 Trillion Dollar Ponzi involving non existent Gold transfers to cover up some journal items on HSBC's balance sheet. Some excerpts ..

At surface, it appears we have stumbled upon the largest terrorist organization in the world and have found original documents tracing its funding to the Secretary of the Treasury and the Chairman of the Federal Reserve, two of the top financial officers in the US.  A cursory review of terrorism statues in the US indicate that all transactions we will learn about are, in fact, to be assumed “terrorist money laundering” and that the only thing preventing the immediate arrest of hundreds of top financial officials is their political connections alone.

Before we go further, with the understanding that the only thing preventing the immediate arrest of hundreds of top financial officials, is the metamorphosis of a forming fascism in it's infancy, we must recall that since Sep 2011, over 270 executives have resigned enmass from marquis banks, funds and investment houses (scroll up to start at top).

Love this one as much a moi? ....

At no time has the Federal Reserve Bank of New York been authorized to hold the funds indicated

or, how about this `un ...

... they did hold such funds and transfer them in a manner as to obscure their origin by using HSBC and the Bank of Scotland.  This process, seemingly involving Alan Greenspan, Timothy Geithner and others would appear to be “money laundering” until some other explanation were found.  None has been offered.

this is juicy ...

The “collateralization” of these funds, being 750,000 tons of gold, is proven to be fantasy.

There's plenty more at the link. Guessing we been moved from Emerald City to the feed lots outside Tungsten City. Finally, we have purpose as entrée for visiting bank colony viceroys and dignitaries!

Edit: One must ask what the affect of a non existent 750,000 ton stash of gold added to global inventory would have on the gold spot. It seem it would supress the shit out of gold prices. It would also follow that if the path implied by this story leads to a recognition that global gold inventory is overstated by hundreds of thousands, or any fraction thereof, that the price of gold would sky rocket to the edge of the known universe.

And where are those 270, to date, bank resignations are scurrying off to and with what assets are the scurrying with? Inquiring minds want to know as their blades slide across wet stones.

i-dog's picture

Yep. The game played in the Salle Privée---with no table limit and unlimited credit---is quite different to those played on the main floor or out in the pokey halls.

greased up deaf guy's picture

i bought one april vix $30 call for $1.20 just for shiggles today anyway... oh, and 1,000 remington 9mm rounds at the local gun show this weekend. gotta break my new addition to the family in :).

Cadavre's picture

How many rounds (or clips) can the new family member continually fire before the barrel becomes so hot misfires or pressure losses begin?

I should be working's picture

The VIX is dead because no one is trading this market and no one is trading it because it's rigged.

Cadavre's picture

The VIX is a CBOE / Goldman signal. There is the VXO/ The VXO is alleged to be what the VIX was before Goldman became a VIX co-sponsor, but not sure if the VXO is subordinated to mini futures or any other kinds of derivative contracts.

One witnessed "leading" indicator is when the 21 HV corresponds within 1% point range of the VIX/VXO signal for several contiguous markets. All hell [seems to] break loose after a 3rd print of that pattern.

bluebare's picture

Bring it on!  10% starter position taken today. 

oldman's picture

Hey Fonz,

I bet they do it just to spit in our faces.

Reminds me of 'Shock and Awe' in 2003

Just let the peons see who they are playing with----'More Overwhelming Force', Mr. ex-secretary of state! Pour it on, sir-----show 'em who is boss!

Maybe, I am just imagining all of this----but it seems to have a USG 'signature'----

your fucking government has no imagination------idiot child of the world----run by idiots

And years of this shit to look forward to-----drip, drip, drip to infinity

makes an oldman tired some nights                     om

Ahmeexnal's picture

And I thought it was one of those psy test ink splash images (but with dots instead).

Big Slick's picture

FYI - A friend of mine who's a psychologist told me its a red flag when subject of an ink-blot test starts to use the white space instead of the ink as a description for what he sees.

(BTW I don't see dots - I see little silver eagles!!  going up!!!!)

chumbawamba's picture

Who do you date?  Lindsay Lohan?


Cadavre's picture

Mexican Libertads are bullion grade and much cheaper than eagles (ain't pretty but they be all silver).

JPM Hater001's picture

It wasnt?  Cause I saw a guy holding a very big gun...look again.

Bastiat's picture

I looked through some Rorscach ink blots once in my 20's  -- everything looked like female organs! 

Dead Canary's picture

Freudian slip. When you say one thing and mean your mother.

brokenclock's picture

This just in from all news sources all ove the world. The fed has just obtained new super computer with front running co-location ability.

The new HFT sequence has the abality to overide and front run the front runners.  Game over for everyone.

So much for the saying "no one is bigger then the market. Ben say's "this is how I roll mother fuckey's.


whatsinaname's picture

My head hurts from QE. Could you please explain the chart in simple terms ?

SAT 800's picture

The chart says, "we're providing more new financial tokens that necessary, so that the excesses can be used to buy into the stock market and give the appearance of a robust market". ps. my head hurts too.

LawsofPhysics's picture



can you make the same plot from 1965 to present.  This time is definitely different, nothing left to steal, no more laws to overturn in order to make the theft any more "legal".   Watch the dollar to continue to lose relevance in all markets.  Ben can not fix this "in fifteen minutes".  The true cost of creating capital without adding any real value to the economy is coming home to roost.

banks do not want to "fix" anything least their true balance sheet be exposed, hell, they are all talking about writing down people's principle by 100K.  Bull fucking shit, banks outright encouraging fucking fraud.

JohnKozac's picture

Law, it's now cool to be a Deadbeat, Flipper or Fraudster. That's the culture we live in...

Welcome to the 21st century!

Thamesford's picture

Of course, if it were plotted vs price the whole thing would be inverted and the current plots look like the plank Pirate Ben is making us all walk off!



max2205's picture

Behold the power of Ben. Amazing

ebear's picture

Central Planning always wins!  Right up until the moment it fails.

solgundy's picture

that chart kinda looks like a horse running..................



When the Lamb opened the fourth seal, I heard the voice of the fourth living creature say, "Come and see!" I looked and there before me was a pale horse! Its rider was named Death, and Hades was following close behind him. They were given power over a fourth of the earth to kill by sword, famine and plague, and by the wild beasts of the earth.

disabledvet's picture

My beef is "I want military hardware parades with my Central Planning." Here's a good example:http://www.youtube.com/watch?v=-WrAQKP7VPs&feature=player_detailpage in the age of the "stay-cation" i think it's high time Washington DC picked up its game here...

Harbanger's picture

Central planning is winning because the left controls the culture.

oldman's picture

Mr. Harbanger, sir

Move along, please-------there is nothing to see unless you have a position. Thank you, sir     om

bbq on whitehouse lawn's picture

Winning.What else would it be?

I know many who would look at it and say what can i do about it. I say move your savings into some silver and gold they say what savings?

We are at a point that we the people no longer have control. Or direct control. Sure they can throw away everything they have happen to have built in their life time, and revolt; but to whom.  Many feel that they can still "make do? " Whatever the hell that is.

The people are learning, discovering and understanding that the world is not as it should be and could be better, its just the first dive off the cliff into the unknown makes everyone reluctent.

Keep at it Mr. Durden, there are many who are climbing there first high dive. Many want to climb back down once they see what the water looks like from that hight.

But once you make the jump you see it wasnt as high as you thought it was.


luna_man's picture



Well, I guess the numbnuts, are loading up on the S&P!...After all, Ben said that's the place to be!...RIGHT?

bbq on whitehouse lawn's picture

People arn't buyng its robots with your MONEY. Now when your angry enough to start burning your mayor alive on a pile of tires then you can start to set blame.

FleaMarketPete's picture

Both R2 implies weak explanatory relationship, no?

I mean Tyler is just showing the Fed's attempts to drive down interest rates is ineffective and had done nothing but drive the S&P parabolic?