Things That Make You Go Hmm, Such As Looking Back At The Key Events Of... 2012
With everyone and the kitchen sink busy sneaking away from the trading floor or holiday dinner to pen predictions for 2012 that will "hopefully" have a success rate of at least 50%+1 (or in Byron Wien's case, even just 1%), others such as Grant Williams have taken the opposite route, and in his latest Things that Make You Go Hmm, he has writen a retrospective, from the point of view of a man sitting on the edge of the end of the world, namely December 20, 2012, and looking back at the key events of the year. Among the primary "memories" of 2012 was the capitulation of Germany and the full backstop of the ECB of sovereign debt, the departure of Greece, Portugal and Spain from the Eurozone, the attack by the US of the Bushehr nuclear reactor leading to an oil price surge to $188 and $5 gas prices at the pump, the nail-biting electoral win of Hilary Clinton over Michael Bloomberg, the predicted but delayed municipal bond meltdown, the announcement of QE3 with $800 billion of MBS purchases in February followed by QE4 in which the Fed cut the rate on overnight reserves, this time however promptly followed by a spike in inflation, the parallel surge of gold to $2400, especially after the MF Global whistleblower revelation that gold had, after all, been manipulated all those years, the epic collapse of the Chinese housing market and the economy' hard sinking, and much, much more.
For the full "lookback", read Grant Williams' latest:
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Is Byron Wien still alive? Saw a corpse named Byron on CNBC one day
byronosaurus rex from the jurassic era
During this holiday season I just wanted to say to Benocide - fuck off and stop lying. Also wanted to give my worst to that little pinhead, Geithner, lying sack of shit that he is. Obama is a first rate loser too, so my worst wishes for all of you liars going into 2012.
All three of ye stooges are ruining the world. Piss on ya. Happy new year.
+ 1
My sentiments exactly.
Merry, insightful days to you DCRB.
While the invective is well targeted, I think 2012 is going to be the year of the really big boys.
Havign their pants taken off in public that is.
2012 is the year of great dis-closure. We have not seen anything yet. TPTB canibalization is on full time in India now. They'll throw the sheep some bones....hmmmm...pointless exercise if you think about it.
But yes, Yewropa down, yewmerica down, Yewstralia down........lot's of downward pressure.
Any rise is going to be a individual. Good to focus there, the macro events are going to be huge and completely out of our hands.
ori
/world/
Excellent Points Oh Regional Indian. Just like the Hmmm post points out. Meredith Whitney is most likely right, "Just a Year Early".
Bernanke belongs in Jail. He "IS" Bailing out Europe. Swap Lines are bailouts using tax payer American Dollars. Why does he do this.
The FED is a Bankster Cartel, the Fed is bailing out their banks of foreign soil just like he did here.
Why isn't the Congress holding him to his word, "I will not monetize". He has lied and his feet should be held to fire.
Here's a great song for the cock-heads.
99% Choir Forecloses on Bank of America
"The 99% Choir forecloses on Bank of America's Seattle Headquarters whilst caroling about naughty bankers and their outrageous holiday bonuses."
god bless them for the courage. poor brian moynihan. so underqualified - he got the gig because ken lewis deflauted, too early into his apprenticeship.
dear nope-1004 - as far as obama/bernake/geithner are concerned - as the dentist says 'this hurts me more than it hurts you'. it's the best thing for us. besides, we are too stupid too understand any of this and we really shouldn't waste any time worrying about things because they know what's best and have everything under control. what time is the ???? game on tonight?
re-elect Obama.....kill the 1%....bring total marxism to the US
Some "respected news reporter" should confront Dr Paul on his connection with the Super Brochure. Is this publication his doing? Does he approve of every word in these super brochures? Has he read them?
Ron Paul could say he has nothing to do with those news letters. It's a grassroots operation, and he has to stay at arms length to comply with election laws.
Ron Paul may say he does not disavow any of the content in the current super brochures, not like the last time HeHe.
I'd like to see Neil Cavuto or The Judge interrogate Dr Paul on these Super brochures. Who is doing this and show the people paying for this operation. I want all the details on how they're pulling this off on TV.
Ron Paul Super Brochure Showcased on MSNBC's The Ed Show; Praised by Politicohttp://www.dailypaul.com/197292/msnbcs-ed-show-features-the-super-brochure
http://www.youtube.com/watch?v=MceUNiGb96c
Brontosaurus - The Move
"The only logical way to sove the debt crisis, is more debt"
P Krugman Nobel Prize Winner
That's what Krugman says, he just says it in a more complex manner so it doesn't sounds so stupid. Obama, Bernanke, and co. say the exact same thing too along with every republican presidential candidate for that matter, barring Ron Paul.
TheSilverJournal.com
And the "Nobel Prize in Economics" is actually not a Nobel Prize at all like the hard science prizes are. It is awarded alongside the Nobel Prizes but itself is not a Nobel Prize. The real name is the Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel. Yes, that is correct, Sveriges Riksbank is the sponsor, the central bank of Sweden and the oldest central bank in the world. It was coincidentally also the first central bank to set a negative overnight interest rate in 2009. Little wonder that they like Krugman.
YES YES, 7 trillion or so, in $10s and $20s please.
Why not just print a hundred billion trillion gazillion? Why stop at a measly trillion? Come on Paul think big.
Why not just rename the Euro-Dollar (aka the ED) the Googol? And after a few years, it could be renamed the Googolplex.
Awesome!
Inserting "GOLD Bitchez" here.
Silver BiTcHeZ!
Didn't Williams miss the price of gold hitting $24,000 in late November 2012? He missed silver hitting $200 as well. Geez, this guy has a lousy memory...
November 2012?
DoChenSon,
Didn't Williams miss the price of gold hitting $24,000 in late November 2012?
Gotta wait nearly a year to see don't we?.
Sorry.....
The "Gold to Silver Bitchez" down arrow Ratio seemed to be out of whack...had to re-adjust it a bit
Will 2012 be the year of the Whistleblower?
Breaking News on SLV Trust BNY Mellon in Trouble?
http://brotherjohnf.com/2011/12/28/slv-trustee-bny-mellon-in-trouble/
Why is it silver and conspiracy theorist are so closely intertwined?
BTW, what exactly is the breaking news? You guys are delusional. Jeez.
Gandalf arrived just in time and tricked the Trolls into arguing over how to eat their captives until the dawn, when the Trolls turned into stone.
LMAO +1
Are you the person formerly known as Chupacabra?
Breaking news is like breaking wind except it smells worse.
Get thee hence unto the Briar patch...
I'm guessing you got 19 down arrows for being intellectually lazy...and not just a "hater" of silverbugs that give creedence to manipulation conspiracy theories.
yeah....like the regulatory bodies are functioning to protect more than just their Bullion Bank masters.
http://www.gata.org/files/ConsolidatedSilverClassActionComplaint-09-12-2011.pdf
http://kingworldnews.com/kingworldnews/KWN_DailyWeb/Entries/2011/9/16_Identities_of_JP_Morgan_Silver_Manipulators_Exposed.html
The breaking news is that the trustee of the SLV, BNY Mellon, is being investigated for corruption. Specifically, the robbing of the pension accounts of their investors. Don't you think that it's relevant that the "trustee" of the SLV is being alleged to be a fraudulant entity? Far from being a "conspiracy theory", this is a blaring trumpet about the dishonesty of these banks. If you can't see the connection, there is nothing more I can do for you.
Gosh, I wonder what Abby Joseph Cohen thinks?
I'm not sure, but I'm guessing she's bullish.
Are you sure she's a she, and not a he?
+ 1 LOL. It's OK to be mean sometimes!
A sack of shit is an it.
Why, bullish thoughts of course - that's all he/she knows.
does she still exist? does formaldehyde work that well? somebody listens to this? is lady gag her daughter?
By November 2012 the Icelandic Krona (ISK) had become the defacto currency for 17 formerly euro countries.
The Rothschild's gladly gave up their sovereignty.
And Iceland was doing secret currency swaps with the USA to help bail them out.
"bemused regulators"
Sometimes bemusement doesn't end well.
http://www.youtube.com/watch?v=QmKju-x8nnM
There is no end to the courrption, fraud, deception and outright fucking theft on Wall Street and in the Chicago sewer, its time to tell these bastards we have had enough with this pile of crap!
All these wonderful articles about how fucked up things are and the crime circus in Chicago takes Gold down $60 in 2 days while the world is imploding.
And silver down 6% today. Only $27 billion of silver bullion in this world while US debt and unfunded liabilities grow at $23.96 billion a day (usdebtclock.org). Something does not compute here
It's not down, this is the after Christmas sale for PM's .... loving it.
My guess would be that banks in Europe are selling gold to bolster liquidity other than by borrowing more bucks, or to meet margin calls on other assets. BTFD.
Ah the joy of dollar cost averaging PM buys. Oh what a tragic loss I had on my gold purchase but in comparison to everything else,eh.
I think i'll just keep on making my monthly buy.
Back in the day, a threat of war looming and imminent economic catastrophe caused gold & silver prices to rise.
And back in day, the phrase "back in the day" was instead "once upon a time".
I always reply to that inane phrase with "back in WHICH day?".
Does not compute, but I went Silver Shopping!
Roll of Austrian Philharmonic 1 oz'ers on the way!
With the GSR breaking north of 57....I can't blame you a bit.
I'll probably buy tomorrow and DCA my purchase from 2 weeks ago
Silvers Cannonballers will be getting free gold in the near future (that's my story and I'm sticking to it)
In retrospect, the world will realize that the world is being run on a giant fiat ponzi scheme.
A ponzi is a scam which pays early investors out of the investments of later investors. In a sense, the world’s monetary system is one giant fiat ponzi scheme with the only question being when will the ponzi end, not if it will end.
The problem is growth is no longer able to keep up with the malinvestments caused by cheap money (0% rates + QE). Either cheaper money is increasingly provided in order to cover up the malinvestment (more QE, or purchasing of MBS, or printing money to purchase anything), or the malinvestments become exposed.
Allowing the malinvestments to become exposed is politically unfeasible, so cheaper money will be provided in order to keep the malinvestments hidden. In a sense, the new investor is the newly created currency..once the new currency stops or even slows, the ponzi fails, but keep the new currency coming in faster and faster and hyperinflation is the end result. TheSilverJournal.com2012:
Mad Max will remain just a movie.
The euro zone will survive on central bank bailouts, just as the US did.
Nothing will happen after the ancient calendar expires.
Stocks and bonds will go nowhere, except eat traders alive with rumor-driven volatility.
Gold will go up another 20% on continued (since Nixon) devaluation.
Real estate will decline 10%.
No WWIII.
Obama unfortuately wins. Ron Paul gets everyone's hopes up, but can't defeat TPTB.
If you haven't noticed, the US is broke and default is inevitable. The US brings in a revenue of $2.2T and has promised to pay $100T. That would be like someone that makes $22,000 / year promising to pay someone $1,000,000, which is almost 50 years worth of income. Open your eyes.
TheSilverJournal.com
US unfunded liabilities are $117 trillion today and growing at $6.5 trillion a year (USdebtclock.org). And there is the debt of $15.163 trillion for which interest payments have to be made. And debt rising at $2.175 trillion a year.
We hit $104 Trillion in unfunded liabilities in Feb 2010 per Dallas Federal Reserve president Richard Fisher.
http://www.rapidtrends.com/2010/02/12/dallas-federal-reserve-president-u...
terminal normalcy bias
I grudgingly agree. the world ends in a whimper not a bang. And the end will be postponed for a few years. It will be like a Douglas Adams book. One second everything will be fine. The next we'll all look around, utter a collective "oops" and that will be that.
Didn't Eliot pen "this is the way the world will end, not with a bang but with a whimper" only after the world was punch drunk following WW1? That said, in general, I agree with your sentiments, hence the +1, but I think we have a lot more bang in us before the whimper comes, there is too much tectonic pressure building underneat flimsy fault lines for me to assume that we aren't standing on the edge of an explosive decade or so.
We will have run out of energy (fossil and intellectual both) before we finally realized we should have blown everything up while we had the chance.
The banksters will become the future royalty. The Rothschilds will command from their palaces again, just like they did before, having patiently waited for the world to "return to its senses". And the rest of us will be too busy finding wood to burn to cook our meager meals over to give much thought to any of it.
There is a way around this. Maybe. But nobody is going to like the sound of it at all. So I'll leave it at that.
Financiers have always been or been closely tied to royalty for a thousand years or more. The best thing we can do to combat this in my mind is to pull everything from their markets and systems and let them bleed to death on the lack of liquidity that the middle class has provided them with for the past century.
......They're trying to goad me, trying to own me. But this isn't a gunfight. It's not about pride or ego. It's only about money.
An economic collapse might reboot the entire system and give everyone the chance to start all over again.....or not.
mkkby
Ron Paul gets everyone's hopes up, but can't defeat TPTB.
Doesn't matter if Ron Paul WINS every POLL.
He will never be Nominated, ever. Period end of story.Get over it...................
He lost me at Barak Obama deciding not to run. A guy with an oedipus complex and as narcissistic as Obummer will never step down.
He banged his Madre? Ew, this has taken a most unpleasant twist...
Oedipus complex, in psychoanalytic theory, a desire for sexual involvement with the parent of the opposite sex and a concomitant sense of rivalry with the parent of the same sex
Never said he banged her.
I think Obomba actually wants to have sex with himself.
Or perhaps with his teleprompter.
(If there's any difference)
Maybe, but Obama has already calculated his sweet post-Presidential cash flow, with help from Bill- two small kids also play a factor....
Obama won't be crying if he loses, which is precisely why he shouldn't be re-elected......
That, and he couldn't run the local PTA......
Obama no re-election was his only real going-out-on-a-limb prediction. The rest were so-so....
Pessimism fantasy porn. Yawn.
The Federal Reserve, a Private Corporation.. that IS! Owned by Multiple Banks and Select Individuals.. and as well has a Very Non-Private Police Force with the same Powers as the F.B.I. or other Federal Police Force.
***** "However, owning Reserve Bank stock is quite different from owning stock in a private company. The Reserve Banks are not operated for profit, and ownership of a certain amount of stock is, by law, a condition of membership in the System. The stock may not be sold, traded, or pledged as security for a loan; dividends are, by law, 6 percent per year." *****
http://www.federalreserve.gov/faqs/about_14986.htm
Obama! NOT! Bush signed the Federal Reserve Private Police Force into Federal Government Powers.
***** “On October 12, 2010 President Barack Obama signed into law S.B. 1132 the "Law Enforcement Officers' Safety Act Improvements Act", which states that police officers and law enforcement officers of the Federal Reserve are "qualified law enforcement officers" and thus are authorized to carry a firearm off-duty. This update to the Law Enforcement Safety Act, among other aspects, clarified that Federal Law Enforcement Officers working for Amtrak and the Federal Reserve (not funded by Congress) are specifically granted the same rights as publicly funded law enforcement officers as it relates to off duty concealed carry.” *****
http://en.wikipedia.org/wiki/Federal_Reserve_Police
As you can plainly read.. the Federal Reserve is NOT a Private Corporation that is Owned by anyone..
But the Shares can NOT! be sold and enjoy a 6% return, by Law.
***** “Under the above-mentioned provisions, income consisting of dividends on stock of Federal land banks, Federal land bank associations, Federal home loan banks, and Federal reserve banks is not, in the case of stock issued before March 28, 1942, includable in gross income.” *****
http://ecfr.gpoaccess.gov/cgi/t/text/text-idx?c=ecfr&sid=7bc8494241de94ef867c08f17c152dc5&rgn=div8&view=text&node=26:2.0.1.1.1.0.4.90&idno=26
What will it take for the Masses to wake up and come for you Fraudulent Fucks?
What will it take for the Majority to Hunt the Minority down like the rabid animals You! are?
Austerity! will set America free from this Rule of the top 1% of the top 1%. Starve the Masses! 48% of American’s have to rely on Government Hand Outs to have enough Food to Eat!
***** “NEW YORK (CNNMoney) -- One in six Americans is receiving help from the government, just as fiscal austerity threatens to reduce some of that aid.” *****
***** “Food stamps: The number of people in the Supplemental Nutrition Assistance Program, known as food stamps, hit a record 44.2 million in January. That's up 4.7 million from the prior year.
Currently, one in seven Americans receive food stamps, the highest share of the population ever to do so, according to the Food Research and Action Center.” *****
http://money.cnn.com/2011/04/12/news/economy/government_safety_net/index.htm?iid=EL
Keep buying Silver and Gold down.
Come Dec 30th.. or shortly thereafter the FED will be out of money to piss away buying the Metal Down, again! and the slow and steady march upward will begin again.
Happy New Year 99.9%!
and for you 0.1%? We do NOT! Forget!! and We do NOT! Forgive!!
You are going to be disappeared in the middle of the night by masked troopers in black, hauled away in a black SUV with tinted windows, JW. And ZH will be all the poorer for it.
There will be a lot of ZHers disappeared and the WORLD will be poorer for it.
Got tribe? No, get tribe..
BRAVO!!!! JW/ROCKY...Prose like this will get us all fucking killed...It's amazing how most people think this is a fucking joke...It's not. We take large risk exposing these fuckers and I for one applaud the few here that do it openly...May god have mercy on our souls..and AMERIKA
Speaking of which. Where's funky monkey boy? I haven't heard from him in months. I'm getting worried.
Dr. Gonzo
Tis a shame, but I heard he got a RED CARD,from the Fema boyeeeeeeeeeeeeeeez.
http://www.psyfitec.com/2011/12/forecasting-financial-earthquake.html
Europe IS! Grinding to a Halt (as I am type this).
China's Great Big Lie of servicing their debt thru building 10 to 15 Empty Cities a year IS! Catching Up With Them (as I am type this).
America's Printing Press IS! Hot To The Touch (as I am typing this).
There IS Not Enough Cheap Oil to go around (as I am typing this).
The slowdown IS! NOT!! about Financial Markets!
It IS! about Lite Sweet Crude or the Lack There Of!
There are trillions more floating around in cross jurisdictional dark pools!
There are Corporations sitting with Trillions in Reserves!
There is LOTS of CASH! what there is NOT! a LOT of is Cheap Energy!
The World Economic Model is Broken! Wage Arbitrage that built so many bridges across the World is no longer viable, thusly the Trade Wars are beginning!
The only thing left to do is fire the first shot!
Let’s get ready to RRRRUUUUMMMMBBBBLLLLLEE!
JW n FL said " The only thing left to do is fire the first shot!
Let’s get ready to RRRRUUUUMMMMBBBBLLLLLEE!"
IMO, exactly what the ponzi-masters are counting on to implement full on marshall law. That, and some false flag protesting at voting centers to keep the upcoming presidential election from happening. The masses will support the measure with the result being . . . .
Constitution Suspended, Obama permanent dictator, Totalitarian Marxist
Long Range Plan successfully implemented.
+ 1 for you two because you are probably right.
batushka
You sure you didn't mean IMPLANTED?.
Besides bro, you b dreamin................The masses will support the measure with the result being . . . .
The Masses will insist an election takes place,who wins depends on who has the best hackers.
I agree with Spekulatn. How can one forecast 2012 with MASSIVE Central Bank intervention, negative real rate loans to banks and Europe in recession?
http://confoundedinterest.wordpress.com/2011/12/28/ecbs-balance-sheet-go...
The United States has Spent Trillions! way more than the $2 Trillion in Debt Ceiling!
all of the new FED Swap Window Loans.. with the collateral being less than..
and for what?
20% un-employment?
a Country going backwards?
for NO! Infrastructure Work?
So when whomever says that all the "Printing will save the Worlds Faux Economic Model"? I call BULLSHIT!
The gasoline image is total bullshit. At 5.45 a gallon diesel would be only 7.08 or so. Premium blends would approach $6.00 or so.
Depends what state you live in.
I filled up at a gas station in New Jersey for $3.01 a gallon over the holliday, same day I was in CT and it was $4.25 a gallon.
Ciggies in VA I picked up for $40 a carton. I saw cartons in NY for over $100.
State taxes can be a bitch.
Agreed but it's the price ratios that are effectively crack smoking pessimism.
2011 ===> 2012+
Post modernism ===> (Burnt) Toast modernism
Perception = Reality ===> Reality = Pain
Wealth = Money = {null set} ===> Wealth = Food, Shelter, Friends
I got lost trying to read this in Scribd - having trouble working out what was/is history, sarcasm, wit, humour, prediction or what. A very confusing article - a shame as I usually love Grant's postings. Maybe too much christmas cheer on my(?) part
Noz