• Sprott Money
    05/06/2016 - 06:03
    The US, in its own decline, is showing this same self-destructive tendency. The worse things get, the greater the inclination of the citizenry to say, “Carry on, everything’s fine.”

Something Big Is Coming... and It's Going to Be BAD

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Sat, 11/19/2011 - 14:08 | 1894246 Ira Thurby-Wright
Ira Thurby-Wright's picture

"We will see bank holidays and civil unrest"


It's not "will see", it's "are seeing". Banking sites, like HSBC, National Trust, and most recently Wells Fargo are frequently going off-line with physical ATMs, while in-branch banking staff is being laid off. And the civil unrest of #Occupy now touches 4 continents. The danger is no longer afar off, it's here! Govern yourselves accordingly.

Sat, 11/19/2011 - 11:03 | 1893910 SheHunter
SheHunter's picture

Ahhhhh c'mon Pirhana...ZH has a dark sense of humore and Summers is always an entertaining read.  Just stop about 3 paras from the end so you skip the sales pitch.

Sun, 11/20/2011 - 05:21 | 1895401 PiranhaEatingGo...
PiranhaEatingGoldfish's picture

Actually SheHunter, I appreciate the fresh perspective. I never considered the fact that the articles by Summers could be here simply for comic relief!

They are great for that, no doubt!!!

Sat, 11/19/2011 - 09:36 | 1893850 PiranhaEatingGo...
PiranhaEatingGoldfish's picture

Tyler's, please stop!!!!! Enough already. What is the deal? There are so so many quality posts here and great information. But this is just tripe! Read the comments and it quickly becomes evident that you are causing people to doubt the strength of your resolve to being a serious site who is concerned with spreading truth and well informed opinions as opposed to being the shouting lunatic on the street corner holding a sign reading, "REPENT FOR THE END IS NIGH!"

Nothing this guest posts is either news worthy or useful (except as a way to get sheeple to buy their snake oil). ZH should have more integrity and reject this rubbish!

Sat, 11/19/2011 - 16:02 | 1894433 RockyRacoon
RockyRacoon's picture

Hey, 4 weeks + 18 hours, you're now the ZH police?   Elbowed your way in rather quickly, eh?

Tue, 11/22/2011 - 07:13 | 1895399 PiranhaEatingGo...
PiranhaEatingGoldfish's picture

Look Rock, I never said anything about being the police. Never said "You better stop or else." I'm expressing an opinion that is shared by a large number of the posters. And what difference does it matter how long I've been a member. I'm sorry, I must have missed the part of the guidelines about not asserting a strong opinion about an article until I've earned my place at the parents' table. Do I have to wait the full 2yrs and 16 weeks before I get my permission to speak with the adults?


Everyone is free to express their thoughts about the articles, I do believe. I'm not sure what your problem is with my post. I'm simply asking the Tylers to take the popular members thoughts about the validity of an article contributor into account.


By the way, what did you think of the article? Do you have any thoughts or just a problem with people exercising their right to free speech?

Sat, 11/19/2011 - 09:53 | 1893863 10044
10044's picture

Dude relax, everybody is entitled to their opinion. You don't like some post, DON'T READ IT

Sat, 11/19/2011 - 08:51 | 1893826 overmedicatedun...
overmedicatedundersexed's picture

IN any real collapse the pols know they can do simple things to protect the USA..tariffs (causing millions of jobs here),closed borders, produce our vast energy supplies (coal and oil/gas)..food we got the best farmers in the world.

too bad it will take a world wide collapse to do above..they could do it now but the pay offs would stop and elite bankers would be mad.

so to the end times bunker food hoarding folks ..it was foolish from the get go. sorry. grow up.

Sat, 11/19/2011 - 08:38 | 1893813 thunderchief
thunderchief's picture

I do not know why organizations use the Phoenix, a mythical bird that soared into the sky only to catch on fire from the sun and come crashing down to earth. 

I would not expect much more from this behind the scenes pay-for-perverted-protection. 

My image of phoenix capital is large balding man in a dark ally with a trench coat on.  When you approach him and ask what the secret sauce is, he opens his coat to expose is fat naked body.  On his chest in permanent marker in big bold letters....


Sat, 11/19/2011 - 08:12 | 1893798 Tense INDIAN
Tense INDIAN's picture

it was my BAD LUCK ...when i started taking interest in the markets in late 2009....GRAHAM SUMMERS was one the few POSTs I used to read......i just wish I had a better read to start with ....he was scaremongering than ...he is still doing the same thing ....

Sat, 11/19/2011 - 09:22 | 1893840 Nobody special
Nobody special's picture

Graham's simply trying to single handedly counterbalance all the false positives in the MSM.  I'm sure his intentions are genuine.


Sat, 11/19/2011 - 08:04 | 1893795 snakehead
snakehead's picture

Thanks for this.  It's like watching a dog lick its balls endlessly.

Sat, 11/19/2011 - 05:50 | 1893730 BigDuke6
BigDuke6's picture

Well thats 10min of my life i wont get back.

Sat, 11/19/2011 - 04:26 | 1893708 VyseLegendaire
VyseLegendaire's picture

Duck and cover. 

Sat, 11/19/2011 - 04:17 | 1893704 holycrooks
holycrooks's picture

I have big black fat fingers, I can drive the Dow to 30,000 before 2102 election day. Everyone is happy, you get 4 more years in hell. ha, ha,ha.......


Sat, 11/19/2011 - 01:52 | 1893601 LookingWithAmazement
LookingWithAmazement's picture

Collapses have been predicted for several yeras now. We're still alive, BTW.

Sat, 11/19/2011 - 09:29 | 1893846 mailll
mailll's picture

When it comes to finances, things will collapse only when the powerful people who control the world finance systems say they will collapse.  A car doesn't crash when a person watching that car being driven by someone else predicts it will crash.  It only crashes when the person behind the wheel decides to crash it.  Same with the world finance system.  The powerful elite control the world finance system and they will decide when to crash and what to crash.  We can only guess.

Sat, 11/19/2011 - 08:26 | 1893809 sessinpo
sessinpo's picture

I find it interesting that some equate a financial collapse with the end of the world. That in itself is an error.

Sat, 11/19/2011 - 06:58 | 1893768 El Viejo
El Viejo's picture

Yeah, we were far more in debt after the Revolutionary war.

Sat, 11/19/2011 - 01:50 | 1893600 Old Poor Richard
Old Poor Richard's picture

Graham, old chap,

I signed up for your spam, and silly me, I expected good info, but got only spam.  Every day.  When are you actually going to tell me how to TRADE on the upcoming doom, how to protect my assets and my family?  All you tell me is that I better fucking panic, and better sign up for your pay-wall blocked spam.  Should I just assume that your spam we're expected to pay for is "better" than the spam you send me that I don't pay for?


Sat, 11/19/2011 - 01:57 | 1893608 kito
kito's picture

leave graham alone, he saved tylers life when he was a child..............

Sat, 11/19/2011 - 00:52 | 1893541 LasVegasDave
LasVegasDave's picture

If we grind up the OWS slugs, the bankers, the lobbyists and congresspeople into sausage and feed them to the less fortunate will that solve the problem?

Sat, 11/19/2011 - 00:05 | 1893478 HungrySeagull
HungrySeagull's picture

The last time something blew up was the savings and loan.


If I understand it right, we are still cleaning up that fallout.

Fri, 11/18/2011 - 23:26 | 1893409 Vendetta
Vendetta's picture

I was saying the same thing in 2007 and no one listened

Fri, 11/18/2011 - 23:25 | 1893402 Great Depressio...
Great Depression Trader's picture

"The EU will be broken up in the next month or so and it is highly likely Germany will back out of the Euro altogether"



I've read some alarmist bullshit drivel before but that line right there definitely places you on par with Alex Jones. I wonder why the Tylers allow for this nonsense to be posted on a 180 site like this one.


Sat, 11/19/2011 - 06:56 | 1893767 El Viejo
El Viejo's picture

Europe has three options: Print, kick the deadbeats out, or Germany will leave. None of which are good.

Sat, 11/19/2011 - 01:13 | 1893567 DeadFred
DeadFred's picture

At least he put in a time frame to live or die by. Mostly this type of article just give vague predictions "You will soon meet a scary man with a lot of hair" Define soon, define scary, define a lot of hair. You think this is total drivel now, in a month you will get clarity.

My prediction is the EU will not fall. It will be saved by a white knight who is not so white riding in on a white horse that is not white at all. (No time frame)

Sat, 11/19/2011 - 00:06 | 1893481 forexskin
forexskin's picture

I wonder why the Tylers allow for this nonsense to be posted on a 180 site like this one.

um, $?

seems like Gonzalo Lira is no longer worth reading since he's talking his book and the double secret SPG (strategic planning group). like, read this free bullshit, or pay me and get the truth from the inner sanctum.

we're still good here as long as there's no high $ inner sanctum for the chosen to retreat to. and besides, i kinda like the ad for the facebook girlfriend and dominos pizza - pays the bills right out front.

but this guy Summers makes me wonder...

Fri, 11/18/2011 - 23:19 | 1893398 batterycharged
batterycharged's picture

I don't know what's worse the armageddon rants or CNBC telling us everything is 2007 again.


Check out the new article on CNBC now, about how the BS weekly unemployment claims are proof the job market is improving....er "stablizing".

I tend to think we're due for a major blow up. I'm guessing it won't be guns in the street however. More like 2008 or a bunch worse.


Fri, 11/18/2011 - 23:26 | 1893406 mayhem_korner
mayhem_korner's picture

I tend to think we're due for a major blow up.


I'm starting to think we won't.  Rather, the incessant policy perpetuation only slows the slow-motion train wreck.  The brokers cannot prevent the end game, but they can and will do any and everything to avoid anything acute that could cause panic.  Death by slow-creeping paralysis rather than the leap off a 50-story building.  I'm thinking this plays out another 2-3 years before mass capitulation forces everything over the cliff.  But by then there won't be much farther to fall.

Just a thought...

Sat, 11/19/2011 - 08:52 | 1893827 BrerRabbit
BrerRabbit's picture

Agree. Its just like boiling the frog.

Sat, 11/19/2011 - 02:38 | 1893636 FlyPaper
FlyPaper's picture

IMO:  The only way this is not going to blow up:  If the ECB prints in a way that makes Bernanke blush.  

Germany is preparing to go their own way; and frankly they know that if they pitch all their money at it, it will still blow up at some point.    Do it now, and get it over with...?

Germany will be under terrific pressure, but their politicos know they might (actually) get lynched if they give in.  You don't generally ignore 80% of the population and get away with it for very long.

I think its possible the ECB goes rogue.   Germany *might* play along for a while to buy time to reinstate the DM.  Then the rest can hang themselves.

This will not be fun for the Germans, but they are refusing to give up their soverignty.  

Having watched this carefully for 18 months, I think the snowball has started to roll and is picking up speed.  Liquidity already dried up; people are on the sidelines, hoping, I think, that the ECB will turn on the press.   

If they were going to, doncha think they would have done it by now?

The exposure of the US banks to this mess is literally treasonous.   Why the F did we not let Goldman go bankrupt in 2008?   All they have done is run up more leverage and put the US public on the hook for economic destruction.  At this point I believe the bank exposure is impossible to contain, even with mass QE by the Fed. 

The FDIC - no money; the US Government?  No money.  The entire game now rests on printing money.

My view is depositors are very much at risk of having their accounts "Corzined" with capital controls that only let you withdraw when uncle sam says you can.  

I think the slow-motion stuff is now in the rear-view mirror...


Sat, 11/19/2011 - 02:25 | 1893629 malek
malek's picture

It's good to see the opinions diversifying...  because as long as everybody believes it is coming, it won't happen, but now a major blow up becomes a real possibility

Fri, 11/18/2011 - 23:19 | 1893387 mayhem_korner
mayhem_korner's picture
Something Big Is Coming... and It's Going to Be BAD


Try Beano for that headline problem, Graham.

Fri, 11/18/2011 - 23:11 | 1893372 jomama
jomama's picture

i swear one of these days that bid, bad wolf is gonna show up!

i just KNOW it will!

Fri, 11/18/2011 - 22:26 | 1893288 Mr. Firstname M...
Mr. Firstname M. Lastname's picture

Dear friends, 

Life as you know it is drawing to a close. Stormtroopers will arrive to take your birthday away. Everything our forefathers fought to create will disappear in the blink of an eye. Puppies will be bagged up and thrown off bridges into raging torrents of polluted rivers. You might even bleed out of your front-bottom fun parts. I've figured out a way you can make a shit ton of money from this. visit www.I'llmakeyourich.........

Thank you and good night,

the boogeyman

im long bullion and spxu calls too but these "editorials" have been wearing me out muuuuuuch longer than ive been a member here at zerohedge.....

Sat, 11/19/2011 - 10:06 | 1893872 JoBob
JoBob's picture

....awww...not the puppies too!

Fri, 11/18/2011 - 22:12 | 1893263 oldman
oldman's picture

How does this guy get to post this shit here?

I haven't opened one of his pieces in months, but I thought maybe he might have something to say today

Nothing-------------He's not a do-nothing dude; He's a say-nothing dude                    om

Fri, 11/18/2011 - 22:07 | 1893251 Ineverslice
Ineverslice's picture

Yeah, yeah...I'm figuring the broken clock is over due to be correct.

Fri, 11/18/2011 - 21:27 | 1893155 in4mayshun
in4mayshun's picture

"The EU will be broken up in a month or so...."


Ya, we"ll see. This douche has been preaching imminent doom for a year. Kinda takes the urgency out of it. His articles might as well be titled "The Wolf is Coming!!"

Fri, 11/18/2011 - 22:51 | 1893336 akak
akak's picture

But eventually, the wolf does indeed come.


(PS: I owned a wolf until a few years ago, and he was fundamentally harmless [except to animals much smaller then himself] and mostly just a wimp.)

Fri, 11/18/2011 - 22:34 | 1893300 CompassionateFascist
CompassionateFascist's picture

The wolf is coming, and I'm it. Be afraid. Be very afraid.

Fri, 11/18/2011 - 20:36 | 1893012 Heroic Couplet
Heroic Couplet's picture

MF Global went belly up, and the only affected people were Corzine and all unemployed former MF-ites, so no big deal. If it's only hedge funds that are affected, along with bankers and traders, ths sun will still rise. Main St will laugh. People living in poverty won't be affected at all. 

Sat, 11/19/2011 - 06:51 | 1893765 El Viejo
El Viejo's picture

Plenty of wild pork in Alabama. Come on down!

Fri, 11/18/2011 - 20:58 | 1893081 AGuy
AGuy's picture

...And the people that had money in accounts with MFG, that was stolen.

Sat, 11/19/2011 - 02:05 | 1893612 Old Poor Richard
Old Poor Richard's picture

Where's our fuckwit president with his favorite word, "unprecedented," now?  It's fucking unprecedented that a [Democratic Party hack] hedge fund manager acted like fucking Bernie Madoff and stole depositors' cash, and it's just shrugged off as another LTCM... throw it to the shark lawyers.

The American people are being fucking raped by the lawyers.  They write the laws, they preside at the trials, they argue both sides of the trials, they are the weapons of the banksters. 

Case 1: Bank of America moves their shady CDSs to the deposit bank side of their business so that, unbelieveably, creditors are superior to depositors, so that in event of default and bankruptcy, the creditors are paid with depositors' funds and the US taxpayer backstops--reimbursing victim depositors for their stolen funds.

Case 2: Mother Fucking Global, they pull the same trick, but there is no USGov backstop--depositors either lost their money to Jon Corazine Madoff, OR they lost their money to the crooked lawyer motherfucker bankruptcy "trustee" to yet again, pay off "superior" creditors before depositors.

Think about that.  Think about it slowly.  Little depositors put THEIR OWN MONEY in the bank.  Evil bankster trash uses those people's money as collateral to make crazy bets and of course lose.  The money is "owed" to their evil bankster trash twins on the other side of the insane bet; the money is STOLEN from the little depositors.  Fucker lawyer politicians, fucking lawyer judges, and fucker lawyer trial lawyers and fucking banksters have created an Axis of Evil, a system for raping ordinary people, stabbing them in the neck, and leaving them to die.

EDIT: Um, sorry about the cursing.


Sat, 11/19/2011 - 11:12 | 1893917 SheHunter
SheHunter's picture

And don't forget our 'change' president's favorite chide  "Now, this isn't going to be easy".  Gag. He fits that phrase into every teleprompter rendezvous.

Sat, 11/19/2011 - 02:11 | 1893621 Old Poor Richard
Old Poor Richard's picture

I'm going to reply to myself and say, we need a constitutional amendment which says no debt can outweigh any deposit.  If I deposit $10,000 in your bank, you don't "owe" me $10,000, it is not a "loan"; you are a TEMPORARY HOLDER of my $10,000, and if you don't give it back in full, I can take it out of your fucking ass!  I get my money before any creditor, and especially before any fucking lawyer or trustee.



Sat, 11/19/2011 - 09:47 | 1893858 larynx
larynx's picture

Right on, the direction seems the right one for me.

But we even need more: the time preference has to be aligned!

If i loan out my money into a bank account locked for one year - then the bank is

allowed to loan that money to somebody else for one year at maximum.

Sat, 11/19/2011 - 05:59 | 1893734 css1971
css1971's picture

This was decided during the 19th century (in the bankers favour).

Lets see... Carr vs Carr (1811)

"Money, when paid into a bank, ceases altogether to be the money of the principal; it is by then the money of the banker"




When you put money in a bank account it is a loan. Don't like that? Take it out.

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