Seen on the street in Kyiv.

Words of Advice:

"If Something Seems To Be Too Good To Be True, It's Best To Shoot It, Just In Case." -- Fiona Glenanne

“The Mob takes the Fifth. If you’re innocent, why are you taking the Fifth Amendment?” -- The TOFF *

"Foreign Relations Boil Down to Two Things: Talking With People or Killing Them." -- Unknown

“Speed is a poor substitute for accuracy.” -- Real, no-shit, fortune from a fortune cookie

"If you believe that you are talking to G-d, you can justify anything.” — my Dad

"Colt .45s; putting bad guys in the ground since 1873." -- Unknown

"Stay Strapped or Get Clapped." -- probably not Mr. Rogers

"The Dildo of Karma rarely comes lubed." -- Unknown

"Eck!" -- George the Cat

* "TOFF" = Treasonous Orange Fat Fuck, A/K/A Dolt-45,
A/K/A Commandante (or Cadet) Bone Spurs,
A/K/A El Caudillo de Mar-a-Lago, A/K/A the Asset., A/K/A P01135809

Wednesday, May 28, 2008

Oh. My. Fraking. God!

This was on MPS.

(Click to enlarge)

This chart says that the banks of this nation have no cash reserves. None. Zero. They have loaned out everything they have and tens of billions more than that.

Tengrain asks a good question: Does this mean that the banks are all insolvent?

2 comments:

BadTux said...

No. It means that the Federal Reserve is printing money and "washing" it through the banks to get it out on the streets. It means that we can expect the value of the dollar to continue its fall and everything under the sun to get horrifically expensive because the Federal Reserve is intent on replicating the "success" of the Weimar Republic finance ministry. That's what it means.

But it doesn't mean the banking system is bankrupt. That cannot happen as long as the Federal Reserve has the power to print dollars anytime they feel like it -- which they do have.

- Badtux the Finance Penguin

Earl said...

I have to agree, the US government is printing way too much money, and the price of everything goes up as the VALUE of the dollar falls. But you didn't get that at Treasury or the Whitehouse and Congress is playing mum, too. Seems I remember a Germanic Nation that did that to the extreme, and had to start all over again. Papiermark I think they were called.

Nice avatar, Badtux