• Steve H. Hanke
    05/04/2016 - 08:00
    Authored by Steve H. Hanke of The Johns Hopkins University. Follow him on Twitter @Steve_Hanke. A few weeks ago, the Monetary Authority of Singapore (MAS) sprang a surprise. It announced that a...

The Head Of The World's Biggest Hedge Fund Sees "Economic Collapse" Due To Money Printing By Early 2013

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Mon, 07/18/2011 - 15:58 | 1467738 carbonmutant
carbonmutant's picture

Optimistic at best...

Mon, 07/18/2011 - 16:02 | 1467761 Pladizow
Pladizow's picture

What are Bridgewaters postions, i.e., Gold Silver etc......?

Mon, 07/18/2011 - 16:13 | 1467813 Highrev
Highrev's picture

Is this starting to get top billing on the nightly news over there in the States?

It is over here in Europe.

That's usually a strong indication that a short term bottom is not far off.

Mon, 07/18/2011 - 16:36 | 1467885 trav7777
trav7777's picture

I'll take Pladizow's avatar as my "short term bottom"

Mon, 07/18/2011 - 16:44 | 1467915 Cash_is_Trash
Cash_is_Trash's picture

Such supple breasts...

If only default had such a nice landing.

Hard assets on boobies, boobiez

Mon, 07/18/2011 - 20:51 | 1468618 Zeilschip
Zeilschip's picture

This is an easy call that will never be verified as it takes place after the Maya 2012 apocalypse. I'm serious.

Mon, 07/18/2011 - 21:58 | 1468814 Lets_Eat_Ben
Lets_Eat_Ben's picture

I'm curious, how do you live your day-to-day life if you seriously think late 2012 is the end of man/world/universe?


Mon, 07/18/2011 - 23:36 | 1469062 tip e. canoe
tip e. canoe's picture

the Mayans never said it was the end of the world, just an end of a 5,000+ year old cycle.

Tue, 07/19/2011 - 00:58 | 1469230 FlyPaper
FlyPaper's picture

Had to laugh.  Author suggests that you can buy gold, but it has risks... each supposed risk for gold was pretty much the same for Treasuries:

a)  Gold - "No intrinsic value" ( vs. Treasuries backed by an insolvent govt)

b)  Gold - Doesn't pay dividends (wow! Treasury yields .01%)

c)  Gold - Is at an all-time high (... so are bonds. Duh)

d)  Gold - Doesn't offset inflation very well (? and bonds do?)

Wisdom from the wall-street crowd....


Mon, 07/18/2011 - 22:41 | 1468935 FeralSerf
FeralSerf's picture

Isn't the (allegedly predicted) Maya 2012 apocalypse late 2012 also?

Mon, 07/18/2011 - 23:29 | 1469038 cosmictrainwreck
cosmictrainwreck's picture

Winter Solstice Dec 21

Mon, 07/18/2011 - 16:44 | 1467917 Liquid Courage
Liquid Courage's picture

Take a closer look. That bottom's actually a top. Stealth aereoli.

Mon, 07/18/2011 - 16:56 | 1467948 I think I need ...
I think I need to buy a gun's picture

i don't believe any of these guys....

the crisis is now and coming within 1-2 weeks.....i think obama revalues gold all at once.

buffett that jerkoff just said we need something big well we are going to have something big.

enough of the bs how much is physical gold worth in the us and then lets move forward with rebuilding the country...

Mon, 07/18/2011 - 18:02 | 1468114 i-dog
i-dog's picture

"the crisis is now and coming within 1-2 weeks"

No way. They've got lots of options to kick the can...and they will kick it...stabbing repeatedly at the 'print' button being the most obvious. This guy's estimate of end-2012 seems spot-on to me. It also happens to coincide with TPTB's timetable for a collapse into a police state. So, relax and warm another bowl of popcorn.

"lets move forward with rebuilding the country"

Riiiiiight. All you have to do is convince 320 million shopping and teevee addicts to get rid of the Federal Government (and all of its handouts) in its entirety and we can get cracking on it! However, be advised that 535 congress critters will, of course, be resisting this effort and running multi-million dollar teevee campaigns, generously financed by the TBTFs, aimed at those 320 million shoppers to convince them that everything is under control and that there is absolutely nothing to worry about. [Transitory] Shared Sacrifice...Hope and Change...Bright Tomorrow [after the Soft Patch]...For The Children...Gawd Bless Merkah!

So, do you have a Plan B?

Mon, 07/18/2011 - 18:50 | 1468264 Milestones
Milestones's picture

Damn rebel cynic!      Milestones

Mon, 07/18/2011 - 18:59 | 1468290 Michael
Michael's picture

I never make a hard date call on economic collapse events, but since this upcoming one is the big one, I'll go out on a limb for the big event.

October 10, 2011 Columbus Day will be a major bond and stock market crash and burn date of biblical proportions.

There will be a few major dislocations before that date which may seem to be the big on, but it's not. October 10, 2011 is the big crash day.

Mon, 07/18/2011 - 19:34 | 1468388 IQ 145
IQ 145's picture

 I think the bullshit will go on and on for years. When Gold gets to around $5,000/oz. people will be seriously nervous in the service; right now the majority still have belief system intact from the previous reality.

Tue, 07/19/2011 - 00:08 | 1469128 DoChenRollingBearing
DoChenRollingBearing's picture

I'm with the smart guy on this one.  Probably yerars and years.

Perhaps gold makes its move to $55,000 once it has reached $5000.  FOFOA sez it could happen at moment, now, or in a few years.

Tue, 07/19/2011 - 02:12 | 1469313 Michael
Michael's picture

I just thank God the debt ceiling will be raised to infinity and QE3 will start right on cue.

I need the biggest bang of an economic bust there can possibly be. My doctor prescribed it for me and my life will not be complete without it. 

Tue, 07/19/2011 - 02:41 | 1469337 Michael
Michael's picture

Wall Street has become evil, pure evil.

It wasn't always that way.

In the past it took its lumps like in so many times past.

But now it has figured out a way where it doesn't have to take any lumps it don't like.

A populist uprising could arrive between Main Street and Wall Street. 

Tue, 07/19/2011 - 00:19 | 1469156 cosmictrainwreck
cosmictrainwreck's picture

yeah... as a poster way down below says "it's the slowest plane crash I've ever seen/been on" Also reminds me of observer remarking few years ago "I'd predicted the end, but I grossly understimated the magnitude of perverse creativity of TPTB" (words to that effect)

Tue, 07/19/2011 - 00:32 | 1469186 Bananamerican
Bananamerican's picture

true...it's the ONLY thing you can say in Bernanke's defense...instead of a needle dive into the ground we get a "controlled" crash into terrain....."bankers and women 1st"....

Mon, 07/18/2011 - 20:24 | 1468529 Pinktip
Pinktip's picture

I'll go OT tinfoil with the Mayan calendar as Oct 28 2011 not 12/21/12

Look it up or youtube "In Search of" with Lenard Neimoy (sp) Mayan

from the late 70's.

And for what it's worth, the Porter Stansbury adds that have run for

+8months straight on the economic collapse.......

Mon, 07/18/2011 - 20:54 | 1468627 Hooter Shaker
Hooter Shaker's picture

I listened to his ad.  He almost had me.....then he asked me for money.

Mon, 07/18/2011 - 22:02 | 1468825 wisefool
wisefool's picture

If G.E. /FoxNews/Warren Buffet/_______ Do not pay taxes commensurate with the complexity required to vet their tax bill. Then where does the money come from to pay the IRS agent who inspects their tax bill?

-- Aristotle.


Tim Geithner is the only man for the job.

-- Obama. 2009.

Tue, 07/19/2011 - 04:46 | 1469383 Roger Knights
Roger Knights's picture

A few days ago S&P threatened to lower Treasuries' rating by a notch within three months if no long-term fix to US debt is agreed to by both parties. That's unlikely, so an S&P downgrade, if it happens, would occur around Oct. 10.

Tue, 07/19/2011 - 01:13 | 1469252 Oh regional Indian
Oh regional Indian's picture

I do.


Tue, 07/19/2011 - 03:17 | 1469370 i-dog
i-dog's picture

Hehehe ... creative and adaptive individualists always have a Plan B ... collectivists, not so much -- they're just transfixed in the headlights waiting to follow their next 'leader' (known as a 'decoy' to the rest of us)!

Tue, 07/19/2011 - 06:24 | 1469431 BigDuke6
BigDuke6's picture

Hey ori

its getting safer to return to the usa



Tue, 07/19/2011 - 05:45 | 1469414 Incubus
Incubus's picture

No way. They've got lots of options to kick the can...and they will kick it...

They'll have Chuck Norris roundhouse kick the can before they let stuff collapse before it's been thoroughly looted.

oh, yeah... I just went there.

Mon, 07/18/2011 - 19:16 | 1468338 Hard Assets
Hard Assets's picture

Tell me what you think of this idea.....time to 'cut' a global deal.

Pick a date, say Aug 1., 2011.  (just less than 2 weeks).

Every county gets to issue itself $1T in its own currency. ($5T? $10T?)

So the US gives itself, $1T, the ECB gives itself $800B (or whatever the exchange rate is at that moment), Japan $1T in Yen and so on and so forth with every country.

Three conditions:

  1. All issued money must immediately pay down sovereign debt.
  2. The top level government of the country, must legislate new internationally agreed, banking reform as per a "globally accepted template".
  3. The banking system within each country will be informed of the changes. The banks will serve the public, the government will serve the public. The days of bankers serving the elite is over. Any banker found of misconduct will be jailed.

Personal note:

Bernanke's personal mission is that there "will be no deflation on my watch". Expect global QE3 and prepare. Fix interest rates on debt at a minimum. For the adventurous, acquire fixed debt and invest in an inflation instrument.

I have 50% net worth cash, 50% net worth gold and silver bullion. Here's a funny one, does this make sense? Suppose I have $500,000 cash and $500,000 bullion. If one doubles and one halves, don't I have $1,250,000?

Blow it up, either way.

Bring it on !



Mon, 07/18/2011 - 19:47 | 1468429 Al Gorerhythm
Al Gorerhythm's picture

Ahhhh......., the Nominal Amount deception still clings to wealth perceptions. 


Mon, 07/18/2011 - 20:04 | 1468474 Diogenes
Diogenes's picture

Lets see..... Im overdrawn on my bank account so I will just write a check on my account and deposit it in my account. That will cure the overdraft.

Then, I will promise not to overdraw my account again. Seriously, this is the last time. Unless its like, you know, an emergency. Or I need to buy something real bad.

Dont see why that wouldnt work.

Mon, 07/18/2011 - 20:24 | 1468528 dougngen
dougngen's picture

I have 50% net worth cash, 50% net worth gold and silver bullion. Here's a funny one, does this make sense? Suppose I have $500,000 cash and $500,000 bullion. If one doubles and one halves, don't I have $1,250,000?

That is a Brilliant theory.... how will your CASH double in value again?

Mon, 07/18/2011 - 20:48 | 1468605 Praetorian Guard
Praetorian Guard's picture

Neither will do you jack shit when the collapse comes. Enjoy it now and remember the good 'ole days...

Mon, 07/18/2011 - 23:36 | 1469058 ToNYC
ToNYC's picture


Shhh! He's on a roll with one-way math. You make it up on volume by doubling down.

Tue, 07/19/2011 - 02:18 | 1469319 global
global's picture

he's holding Swiss Francs

Mon, 07/18/2011 - 21:14 | 1468696 francis_sawyer
francis_sawyer's picture

"enough of the bs how much is physical gold worth in the us and then lets move forward with rebuilding the country"


"There's more money to be made in destroying a country than building one"

- Rhett Butler

Mon, 07/18/2011 - 17:00 | 1467967 CalibratedConfidence
CalibratedConfidence's picture

No play here.  The States need a Kardashian or something that isn't difficult to think about in  order for the nighty news to play it.

Mon, 07/18/2011 - 17:02 | 1467973 CalibratedConfidence
CalibratedConfidence's picture

No play here.  The States need a Kardashian or something that isn't difficult to think about in  order for the nighty news to play it.

Mon, 07/18/2011 - 19:29 | 1468376 IQ 145
IQ 145's picture

 This isn't "usually". The human desire to trivialize the study of major markets by constantly opting for one simple story or the other simple story from whatever possible cherry-picked list of theirs that makes up their fiction of "the past" is one of its worst features. Neither the short term nor the long term bottom is on the horizon.

Mon, 07/18/2011 - 16:26 | 1467859 Concentrated po...
Concentrated power has always been the enemy of liberty.'s picture

Jungle Juice!!!!!!!!!

Mon, 07/18/2011 - 16:57 | 1467955 I think I need ...
I think I need to buy a gun's picture

we don;t care what these people have to say....

this is coming and coming quick now all at once......


Buffett that jerkoff just said we need something big well its coming buy end of summer.....

let revalue the gold already then move on

Mon, 07/18/2011 - 20:45 | 1468596 Praetorian Guard
Praetorian Guard's picture

Hello? McFly? Anyone home? He mentioned the word COLLAPSE and your asking about gold and silver? PM's will NOT do you any good when it collapses. JiT shuts down, nothing is made, nothing is imported, except very few items, and people are in chaos or in subsistence mode... "money" is not always "gold and silver"...

Mon, 07/18/2011 - 22:55 | 1468967 FeralSerf
FeralSerf's picture

I heard somewhere that the Anunnaki are coming back real soon now and they value gold above all else.  If you ain't got the gold, you'll be in deep shit.  Kinda like when Pizzaro locked up the Inca, I think.

I have some doubts, but a few K-Rands just in case can't hurt.  It's like going to church, (except I haven't gone that far off the deep end).

Tue, 07/19/2011 - 03:05 | 1469359 AldousHuxley
AldousHuxley's picture

I'd say net short. Even metals  go south when there is a crisis.

Mon, 07/18/2011 - 17:25 | 1468034 centerline
centerline's picture

Doesn't want to create a panic.  And doesn't want to get run over when heading for the exits.  If he says late 2012, subtract 6 months or so as a target.

Mon, 07/18/2011 - 17:42 | 1468091 PaperBugsBurn
PaperBugsBurn's picture

I think this fall but with Isntreal warmongering we'll just have to see.

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