Chart: Total Borrowings of Depository Institutions from the Federal Reserve
1920 - 2008
1920 - 2008
I see hockey sticks.
Are charts supposed to do that? No, they're not? Hmmm... OK, I guess.
What's on Idol?
January 27, 2009
Well, there's something you don't see every day
I see hockey sticks.
Are charts supposed to do that? No, they're not? Hmmm... OK, I guess.
What's on Idol?
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19 comments:
Companion video...
Fed Fails to Reflate
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The heist of the century. And the abuse never ends:
Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet - only this time, it's the taxpayers who are getting screwed.
Even though the bank's stock is as cheap as a gallon of gas and it's burning through a $45 billion taxpayer-funded rescue, the airhead execs pushed through the purchase of a new Dassault Falcon 7X, according to a source familiar with the deal.
The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customizable entertainment center, according to Dassault's sales literature.
There are just nine of these top-of-the-line models in the United States.
http://tinyurl.com/akraab
I'm ready with my pitchfork if you guys are. Just let me know.
Keith,
I believe this is our farrr superior fisical policy at work.
This amazing vid expands on your graph Keith - scary as hell!
http://tinyurl.com/ac6tyu
What's on Idol is some hot young stud with pink hair whose hot bro with braids was on last year. What a hoot! Pass the cheezdoodles!!
oh man, they have canceled ugly betty!
(thought it was a stupid show any way)
Look at the bright side. At least it's not a cliff dive. Right?
Holy Shit!
A hockey stick is what you always get with an exponential function, provided you include enough doubling time periods. You just picked the scale such that it magnified the hocky stick shape of the curve.
You would get the same curve for human population provided the x-axis was over 11,000 years (not the age of the bible but the approximate history of civilizations)
-Mike H.
Bah! Big frickin deal! Whooop-dee-doo!!
That doesn't mean a damn thing. We need to stimulate the ecomony to save America. All of this will be a distant memory when the happy times roll back in again.
Can't wait to buy myself a gold plated Hummer!!
I would like to see those graphs adjusted for inflation to put it all in perspective. I realize that we are looking at a massive wave of inflation like no other, but comparing a billion in 1918 dollar to our inflated dollars today is unfair.
that graph is also not in real dollars.
the borrowings are still 20 times greater than at any other period.
The heist of the century. And the abuse never ends:
Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet - only this time, it's the taxpayers who are getting screwed.
Even though the bank's stock is as cheap as a gallon of gas and it's burning through a $45 billion taxpayer-funded rescue, the airhead execs pushed through the purchase of a new Dassault Falcon 7X, according to a source familiar with the deal.
The French-made luxury jet seats up to 12 in a plush interior with leather seats, sofas and a customizable entertainment center, according to Dassault's sales literature.
There are just nine of these top-of-the-line models in the United States.
http://tinyurl.com/akraab
I'm ready with my pitchfork if you guys are. Just let me know.
----------
French Made, Unbelievable. Why not Boeing? This tells you how much they really care, they are stepping on the tax payers face. I think its time for a Revolution!
To those that do not grasp the implications of this vertical line, let me give you a clue.
The whole freaking banking industry is hopelessly bankrupt. Period.
They not only corrupted themselves but the whole global economy too.
The USD and US Empire will collapse, this year. Obama will realize he did't win the presidency, he got stuck it.
to the right and up, that is good, isn't it?
French Made, Unbelievable. Why not Boeing? This tells you how much they really care, they are stepping on the tax payers face. I think its time for a Revolution!
--------------------------------
french make airplanes? for real?
I thought they sat around eating spaghetti and drinking wine like in that diane lane movie where to goes to france and rents a house under they sun, or something like that.
To be honest, I've NEVER seen a chart like that before. That is really something else.
Look at how it doesn't even go up during the 1930's depression!
It's interesting and scary. Because right now it's all on bank balance sheets so they can meet their short-term obligations. They're not actually lending this money out so it doesn't produce inflation. Yet.
But once this 'bad bank' buys up their toxic assets they will be solvent and will begin to loan it out to anyone with a pulse. --> inflation.
I was also trying to think of who they're going to loan the money to and under what pretext. Maybe some more business loans, the usual stuff. I still don't see housing making a come-back until the alt-a and option arms are all reset, defaulted and foreclosed.
So how will they get people to borrow their money that the fed gave them for free so that they can earn money for doing nothing again?
Answer: government guaranteed loans for home solar panels and perhaps plug-in electric vehicles. Government guarantees for those developing wind farms and solar power generating stations and geo-thermal stations. Maybe even nuclear, if they're really smart.
Investment recommendations for the long-term: PBW, FSLR
Disclosure: I am long PBW
Historical context from iTulip:
FED FAIL
More recent charts like that here:
THE GREATEST WEALTH TRANSFER EVER
May you live in interesting times.
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