• Knave Dave
    05/23/2016 - 18:16
    This past Thursday marked the one-year anniversary of the US stock market’s death when stocks saw their last high. Market bulls have spent a year looking like the walking dead. They’ve...

"The End Game: 2012 And 2013 Will Usher In The End" - The Scariest Presentation Ever?

Tyler Durden's picture


If Raoul Pal was some doomsday spouting windbag, writing in all caps, arbitrarily pasting together disparate charts to create 200 page slideshows, it would be easy to ignore him. He isn't. The founder of Global Macro Investor "previously co-managed the GLG Global Macro Fund in London for GLG Partners, one of the largest hedge fund groups in the world. Raoul came to GLG from Goldman Sachs where he co-managed the hedge fund sales business in Equities and Equity Derivatives in Europe... Raoul Pal retired from managing client money in 2004 at the age of 36 and now lives on the Valencian coast of Spain, from where he writes." It is his writing we are concerned about, and specifically his latest presentation, which is, for lack of a better word, the most disturbing and scary forecast of the future of the world we have ever seen....

And we see a lot of those.

Consider this:

  • We are here...

  • We don’t know exactly what is to come, but we can all join the very few dots from where we are now, to the collapse of the first major bank…
  • With very limited room for government bailouts, we can very easily join the next dots from the first bank closure to the collapse of the whole European banking system, and then to the bankruptcy of the governments themselves.
  • There are almost no brakes in the system to stop this, and almost no one realises the seriousness of the situation.
  • The problem is not Government debt per se. The real problem is that the $70 trillion in G10 debt is the collateral for $700 trillion in derivatives…
  • Yes, that equates to 1200% of Global GDP and it rests on very, very weak foundations
  • From an EU crisis, we only have to join one dot for a UK crisis of equal magnitude.
  • And then do you think Japan and China would not be next?
  • And then do you think the US would survive unscathed?
  • That is the end of the fractional reserve banking system and of fiat money.
  • It is the big RESET.

It continues:

  • Bonds will be stuck at 1% in the US, Germany, UK and Japan (for this phase).
  • The whole bond market will be dead.
  • Short selling on bonds - banned
  • Short selling stocks – banned
  • CDS – banned
  • Short futures – banned
  • Put options – banned
  • All that is left is the Dollar and Gold

It only gets better. We use the term loosely:

  • We have around 6 months left of trading in Western markets to protect ourselves or make enough money to offset future losses.
  • Spend your time looking at the risks of custody, safekeeping, counterparty etc. Assume that no one and nothing is safe.
  • After that…we put on our tin helmets and hide until the new system emerges

And the punchline

From a timing perspective, I think 2012 and 2013 will usher in the end.



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Thu, 05/31/2012 - 20:07 | 2481787 Tsar Pointless
Tsar Pointless's picture

Oh, ho-ho-ho! It's Christmas, in May!


Thu, 05/31/2012 - 20:17 | 2481826 HedgeAccordingly
HedgeAccordingly's picture

i have my helmet on ... http://bit.ly/o7R8Yi

Thu, 05/31/2012 - 20:20 | 2481834 I think I need ...
I think I need to buy a gun's picture

i agree the real economy will crash post election, they have temporarily flooded us with oil, I have no idea what gas prices will be come 2013,,,,,,i think gold revaluation is sooner though,,,,,

Thu, 05/31/2012 - 20:34 | 2481881 BigJim
BigJim's picture

This Ru Paul fella... is he in any way related to Harold Camping?

Jus' askin, is all...

Thu, 05/31/2012 - 20:41 | 2481905 Michael
Michael's picture

Does it look something like this?

Complete and Total Worldwide Economic Collapse 2012


Thu, 05/31/2012 - 20:45 | 2481917 flacon
flacon's picture

How do I print this? Or is it in .pdf any where?

Thu, 05/31/2012 - 21:05 | 2481981 The Big Ching-aso
The Big Ching-aso's picture



Is this guy Mayan by any chance?

Thu, 05/31/2012 - 21:08 | 2481989 Pladizow
Pladizow's picture

"Everything is fine today, that is our illusion." - Voltaire

Thu, 05/31/2012 - 21:55 | 2482138 sunaJ
sunaJ's picture

Dominos.  Dominos.  Yes, I think I have a coupon for a free order of pizza bites.  Hang on...

Thu, 05/31/2012 - 23:36 | 2482451 Oh regional Indian
Oh regional Indian's picture

Been saying that for the better part of 2 years now. 

I have to say, I found thsi presentation singularly Un-scary. That has to be the Screamiest headline though.


It's true, extrapolate what Raoul says in every aspect of our lives... after excess comes lack. No doubt. After great excess comes great lack.

As surely as Down follows up...




Fri, 06/01/2012 - 00:14 | 2482509 Sam Clemons
Sam Clemons's picture

Nothing about the financial system collapsing scares me.  It's just the financial system.  Who cares.  People can move on without it, and likely will be better off with a new one.

Fri, 06/01/2012 - 00:36 | 2482543 Oh regional Indian
Oh regional Indian's picture

Count me in your club Sam. And since we most decidedly WILL be without this fiat ponzi sooner rather than later...

The sooner the better.


Fri, 06/01/2012 - 01:14 | 2482604 Harlequin001
Harlequin001's picture

It's a bit like hearing the word 'duck', just as the bullet enteres your helmet...

Fri, 06/01/2012 - 02:02 | 2482632 Manthong
Manthong's picture

Anybody know the event this was delivered at in Shanghai?

It would be good to know what group of folks got this in person.

Fri, 06/01/2012 - 04:18 | 2482759 The Alarmist
The Alarmist's picture

Now this is some fine doom to start the weekend. And still, the S&P has a high likelihood of closing in the green because the masses, who pay attention to these things only on the weekend, need to hear that things are still getting better. It is an election year, after all.

Fri, 06/01/2012 - 06:46 | 2482892 bdc63
bdc63's picture

Mommy ... where's my blankie?

Fri, 06/01/2012 - 17:57 | 2486135 francis_sawyer
francis_sawyer's picture

Yeah but... What I want to know is will I still be able to make $82 every hour on the computer (like my friends mother at TROLLINGCASH.com) when this is all over?

Fri, 06/01/2012 - 20:40 | 2486488 Michael
Michael's picture

See something say something.

Sheriff Stan Barry of Fairfax County Virgina would become the most famous Sheriff in America overnight if he would take his forces to the Westfields Marriott and investigate criminal activity there.

Call Fairfax County Virgina Sheriff's office and report criminal activity at the Builderberg meeting.

Multiple violations of federal law are taking place there, specifically of the Logan Act.

Sedition and treason are being perpetrated by elected government officials, one namely Senator John Kerry at attendance plotting criminal activity against the USA.

Call Sheriff Stan Barry, demand he do his duty and arrest those Federal government officials for violating US Law!


This is also criminal activity perpetrated by the Builderberg people.

Bilderberg Members Discuss Killing Ron Paul


Sat, 06/02/2012 - 02:31 | 2486868 Michael
Michael's picture

David Rockefeller is like a leftover industrialist from the 19th century.

It's so funny I can spellcheck Rockeffeler.

Sat, 06/02/2012 - 03:10 | 2486874 resurger
resurger's picture

End of Line

Fri, 08/17/2012 - 20:53 | 2715858 Enslavethechild...
EnslavethechildrenforBen's picture

Whoa... slow it down a little...

Back up a bit... that's better.

For every action there is an equal and opposite reaction. Derivitives will cause the market to crash or it will cause Ben to print, because the money will have to come from somewhere.

If the evil paper economy collapses, then the good metal economy will expand to fill the void.

Physicz Bitchez

Sun, 06/03/2012 - 06:10 | 2488728 inca
inca's picture
Exclusive: Japan Attack, German Terror-Intel Group Complicit Confirmations of Nuke Move Against Japan, South Korea and US

Japan’s top secret Plutonium production and storage facility facing attack, a radiation catastrophe for North America planned.  Based on multiple confirmations from official sources, plans are afoot to use a Russian nuclear device to destroy the secret Japanese weapons grade facility at Rokkasho Mura in the Aomori Prefecture.

We now have strong reason to believe that the Fukajima earthquake and tidal wave were not a natural event but one engineered to damage Japan and as a “first volley” in a radiation war against the United States.

A second, far more serious attack has been discovered, the agencies involved are the NSA, the British Covert Services, the Royal Navy and the Office of Naval Intelligence.

A “repeat performance” is scheduled, one we hope this detailed report will offset.  The United States, North America in general and Northern Europe will suffer extreme radiation contamination at a level capable of inducing widespread cancers and a drastic reduction in population.

This is the plan and, at the end of this article, we will specifically describe the confirmed organization that is responsible for Fukajima and the manipulation of hundreds of events that began even before the end of World War II.

The organization described includes one former two former presidents, minimally two former CIA directors, planned the assassination of JFK, has, at its disposal dozens of nuclear weapons and “energy devices” of unknown description.

more here: http://www.degaray.com/?p=2369

Fri, 06/01/2012 - 21:07 | 2486489 The Big Ching-aso
The Big Ching-aso's picture



I'm seeing a big market here 4 ass chaps, boomerangs, and gyro-copters.

Fri, 06/01/2012 - 06:53 | 2482909 Poor Grogman
Poor Grogman's picture


Hasn't this guy seen a printing press before?

I realize they are a bit behind the eight ball in Spain, but cmon..


I will take this guys " little room for more bailouts" and raise him QEx.


I'm hearing more "DEFLATION IS THE REAL DANGER" drivel when in fact it is Deflation that would probably keep the fiat game going for the next 20 years (japan anyone)

Hyperinflation on the other hand would kill the system in two years flat.


The PTB would love to be the saviors in a deflationary event, this is just laying out the game plan.

The sheeple will call on the bankers to save them from this deflationary scourge and lack of money.

Obviously if they are putting this stuff out there, then there wasn't enough pain the first time around.


It would seem we are about to be "taught a lesson or two"  





Sat, 06/02/2012 - 12:11 | 2487080 Shocker
Shocker's picture

This is a pretty wow article. Reading it alot makes sense with what is currently going on.


Fri, 06/01/2012 - 00:43 | 2482554 FEDbuster
FEDbuster's picture

Pretty sure we won't see Raoul Pal on CNBC anytime soon. 

No counterparty risk in long term food storage, physical metals like gold, silver, brass and lead, etc.....

Fri, 06/01/2012 - 14:42 | 2485294 CompassionateFascist
CompassionateFascist's picture

This man is an optimist. The dollar, and with it the US and Euro economies will collapse w/in hours of the onset of the IranWar. And that War is less than 90 days away. Never mind the tin hat; there'll be no place to hide, and no new "System" in the forseeable future. Invest in lead.

Fri, 06/01/2012 - 18:41 | 2486234 gmrpeabody
gmrpeabody's picture

I'm long tinfoil.

Fri, 06/01/2012 - 19:22 | 2486341 FEDbuster
FEDbuster's picture

Tinfoil over Kevlar.

Fri, 06/01/2012 - 19:48 | 2486400 UP Forester
UP Forester's picture

Tinfoil under the K-pot.  Cuts down on reflections.

Fri, 06/01/2012 - 20:27 | 2486468 aerojet
aerojet's picture

That doesn't make any sense.  Wars are always use to jazz up economies, it never destroys them unless you think the US will lose, which is pretty much impossible.

Sat, 06/02/2012 - 01:12 | 2486796 easypoints
easypoints's picture

sarc? That caliber of sociopathic logic is probably the scariest thing about the current economic paradigm. War with Iran would spike oil enough to offset any "growth" from the military industrial complex.

Fri, 06/01/2012 - 05:54 | 2482831 tabasco71
tabasco71's picture

Maybe like the 2001 millenium bug? Yes, probably if you don't work in finance, it could seem like a lot of noise. There will have to be a reset.

Thankfully, there are no aliens out there to whom the world is a creditor.

Well, at least not that we are aware of (since there is a bit of a mysterious flavour to this thread).


Sat, 06/02/2012 - 08:53 | 2487057 tooktheredpill
tooktheredpill's picture

I'm surprised there wasn't a Nigerian bank account mentioned at the end where we could keep our money safe ...and you accuse cnbc of spreading propaganda. Sure there is obviously a massive bubble to burst sometime soon, but please.

Fri, 06/01/2012 - 10:43 | 2484040 boogerbently
boogerbently's picture

All you "Financial Armageddon" nuts crack me up.

In order for a meltdown of this magnitude to happen, MOST economies and CERTAINLY all the BIG players would need to be insolvent.

In that case.....who would who owe money to ?

The contagion/dominoe aspect would preclude us from ever figuring it out. What we WOULD figure out, is that the "reset" could happen without all the melodramatics !!!

Just "Wipe the Slate Clean." A "paper" cure for a "paper" problem.

Here's the next days headline:

"All country's national debt was reset to zero, today.......in other news, snooki was sited......"

Move along, nothing to see here.

Fri, 06/01/2012 - 20:29 | 2486470 aerojet
aerojet's picture

I pretty much agree, except that what will probably happen is that the $100 bill will be the new $1 bill, meaning it's you and I and the rest of the little people who will get fucked out of whatever meager savings we have accumulated.  Then, once there is nothing left to steal, it will be over. 

Fri, 06/01/2012 - 21:01 | 2486524 francis_sawyer
francis_sawyer's picture

Fine then...

NICKLES bitchez!

Fri, 06/01/2012 - 23:44 | 2486717 RafterManFMJ
RafterManFMJ's picture

Snooky was sited? What, in a .308 scope?

or was she cited, as someone qouted her as saying, "My ass isn't big?"

Pretty sure whatever the outcome, the average Joe will take it quite squarely in the ass. Same as it ever was.

Fri, 06/08/2012 - 11:13 | 2507378 JimBowie1958
JimBowie1958's picture

The contagion/dominoe aspect would preclude us from ever figuring it out. What we WOULD figure out, is that the "reset" could happen without all the melodramatics !!!

The PTB want the melodramatics; it is part of the misdirection aimed at the public.

Fri, 06/01/2012 - 18:36 | 2486211 Widowmaker
Widowmaker's picture

You are absofuckinglutely right.

Monopoly money.

Oh no, fraud only works with growth, not decline?


Fri, 06/01/2012 - 20:07 | 2486435 Ponzified Plebe
Ponzified Plebe's picture

"Nothing about the financial system collapsing scares me"

This is more than likely because you have no-one that you are responsible for besides yourself. When you have kids who depend on you for everything, the collapse of the economy is scary shit - especially if you are not only worrying about feeding them, but keeping them alive in the face of widespread violence that could easily occur. I could give a shit about all of my stuff, but my family - they are irreplacable - and because of the machinations of assholes at the top of the system I spend many sleepless nights worrying about what is coming soon. The only reason you don't have even the most reasonable levels of fear or apprehension is because you have nothing to loose - when I was single I felt the same way, but that changes when you have people in your life than mean more to you than you.

Fri, 06/01/2012 - 20:31 | 2486477 aerojet
aerojet's picture

Why lose sleep over it?  I have two kids, but I can't let worry eat me up.  You can lose your kids all kinds of horrible ways.  You don't want it to happen, but you have to be prepared when you have children to accept the possiblity that they might die before you.  It's just part of the deal of being a parent.

Fri, 06/01/2012 - 22:31 | 2486660 Ponzified Plebe
Ponzified Plebe's picture

I get what you are saying, and there is a fine line between a healthy sense of concern and over reacting to forces beyond one's control. However, any parent who loves their kids and doesn't occasionally get a knot in their stomach over what is happening in the world today is probably just supressing a very natural response. Ultimately how much one worrys changes nothing that is inevitable, but hopefully it leads to clearer thinking and preparation that can help to ensure a meaningful future for their loved ones when and if the dust settles. Where I sit it means making reasonable preparations and alligning with like minded people who know what is going down because the chances of making it through this alone is not great.

Fri, 06/01/2012 - 20:57 | 2486519 Freddie
Freddie's picture

Also blame the Hope and Change f**ks who voted for this.  When people see friends and neighbors dying - this gold and "I am gonna be rich fantasy" "ain't" gonna be pretty.  Bad people will be watching for people buying things with gold.  They will be following them to theri hidey hole too. 

Fri, 06/01/2012 - 21:30 | 2486566 Ned Zeppelin
Ned Zeppelin's picture

This bullshit was in place long before BO stepped onto the stage, although I'll agree he is a an employee of the TPTB that have gotten us to where we are, as did Bush, as did Clinton, . . . .

Sat, 06/02/2012 - 09:29 | 2487081 GetZeeGold
GetZeeGold's picture



Yeah but BO accelerated it like a son of a bitch......deal with it.


Besides that....it doesn't matter who is responsible.....it's just where we are. Deal with that too.


Sat, 06/02/2012 - 08:59 | 2487062 ATM
ATM's picture

Gold isn't for the buying shit during the reset, it's for afterwards.

Your dollars, your paper and anything else that's dependent on promises will all be worthless because all the promises will be broken. The gold will retain value before, during but more importantly after the reset. It's the way to bridge wealth from one financial system to the next.

I don't want to come out the back side (if I do come out the vack side) broke.

Fri, 06/01/2012 - 06:59 | 2482925 BluePill
BluePill's picture

Indians are best snake oil trades men, please stop fooling the world with your bullshit theories and stupid ideas


You indians are duped into thinking that you are descendants from ancient indus civilization


Indus civilization has proper sanitation and well functioning baths , good infra according to bronze age standards


but even in computer age you cant build a proper functioning drainage , not even a single road line without pot holes and substandard concrete lane


Man you should be ashamed of yourselves calling and using the name of Indus valley to prolong your parasitic interests


Those people are long dead or they might have immigrated to other lands or persia--who knows


your over hyped shithole india has lowest GDP in 9 years, even that GDP is hyped Up with inflation around 10% your GDP figures are Fraud


You are greatest Fraudsters on Earth , i have strong belief that Current JEWISH parasitic tribe and Indians have something in common


Both of you are parasitic ethnic Group feeding on this world


Its because you are stupid and another snake oil trader your company fired you and you are back in Shithole India


Pls understand that you are currently undergoing Mental trauma as you have moved from Land of Humans to Land of Humanoid Parasites whose sole Purpose of existence is to feed on other races and prolong their Living


First thing that you need to do is to search for a job or apply for a B-school in Other country then you can migrate and find some peace


If you stay in that Giant lavotary called india you are bound to suffer

Fri, 06/01/2012 - 07:25 | 2482981 Oh regional Indian
Oh regional Indian's picture

Wow, burning Indian flag and all.


General fuck-stick?

Got outsourced?

Tch. I feel for you douchebag. But you knwo what? 

An attitude like that will keep you wherever it is you are stuck.

Or whatever.

Smile :-)


Fri, 06/01/2012 - 07:31 | 2482997 Harlequin001
Harlequin001's picture

I guess BluePill isn't an Indian then...

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