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Things That Make You Go Hmm, Such As Looking Back At The Key Events Of... 2012

Tyler Durden's picture


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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Wed, 12/28/2011 - 16:30 | 2017097 azzhatter
azzhatter's picture

Is Byron Wien still alive? Saw a corpse named Byron on CNBC one day

Wed, 12/28/2011 - 16:34 | 2017103 pendragon
pendragon's picture

byronosaurus rex from the jurassic era

Wed, 12/28/2011 - 16:54 | 2017145 nope-1004
nope-1004's picture

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.


Wed, 12/28/2011 - 17:11 | 2017193 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  

My sentiments exactly.

Thu, 12/29/2011 - 03:42 | 2018408 Oh regional Indian
Oh regional Indian's picture

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.




Thu, 12/29/2011 - 19:27 | 2020615 rocker
rocker's picture

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.

Wed, 12/28/2011 - 17:31 | 2017254 chunga
chunga's picture

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."

Wed, 12/28/2011 - 18:21 | 2017361 lotsoffun
lotsoffun's picture

god bless them for the courage.  poor brian moynihan.  so underqualified - he got the gig because ken lewis deflauted, too early into his apprenticeship.


Wed, 12/28/2011 - 18:16 | 2017349 lotsoffun
lotsoffun's picture

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?

Wed, 12/28/2011 - 19:56 | 2017599 solgundy
solgundy's picture

re-elect Obama.....kill the 1%....bring total marxism to the US

Thu, 12/29/2011 - 04:38 | 2018425 Michael
Michael's picture

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 Politico

Wed, 12/28/2011 - 19:20 | 2017494 blindman
Wed, 12/28/2011 - 16:37 | 2017111 Clueless Economist
Clueless Economist's picture

"The only logical way to sove the debt crisis, is more debt"

P Krugman Nobel Prize Winner

Wed, 12/28/2011 - 16:45 | 2017129 TheSilverJournal
TheSilverJournal's picture

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.

Wed, 12/28/2011 - 23:38 | 2018142 redpill
redpill's picture

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.

Wed, 12/28/2011 - 17:28 | 2017242 hamurobby
hamurobby's picture

YES YES, 7 trillion or so, in $10s and $20s please.

Wed, 12/28/2011 - 17:31 | 2017253 Dr. Engali
Dr. Engali's picture

Why not just print a hundred billion trillion gazillion? Why stop at a measly trillion? Come on Paul think big.

Wed, 12/28/2011 - 19:13 | 2017475 FeralSerf
FeralSerf's picture

Why not just rename the Euro-Dollar (aka the ED) the Googol?  And after a few years, it could be renamed the Googolplex.

Thu, 12/29/2011 - 02:22 | 2018373 CvlDobd
CvlDobd's picture


Wed, 12/28/2011 - 16:33 | 2017104 docmac324
docmac324's picture

Inserting "GOLD Bitchez" here.


Wed, 12/28/2011 - 17:05 | 2017172 fuu
fuu's picture

Silver BiTcHeZ!

Wed, 12/28/2011 - 17:10 | 2017185 DoChenRollingBearing
DoChenRollingBearing's picture

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...

Wed, 12/28/2011 - 17:26 | 2017237 fuu
fuu's picture

November 2012?

Wed, 12/28/2011 - 21:42 | 2017876 DosZap
DosZap's picture


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?.



Wed, 12/28/2011 - 21:34 | 2017857 AgShaman
AgShaman's picture


The "Gold to Silver Bitchez" down arrow Ratio seemed to be out of whack...had to re-adjust it a bit

Wed, 12/28/2011 - 16:34 | 2017107 greenbear
greenbear's picture

Will 2012 be the year of the Whistleblower?


Breaking News on SLV Trust BNY Mellon in Trouble?


Wed, 12/28/2011 - 16:43 | 2017125 Stax Edwards
Stax Edwards's picture

Why is it silver and conspiracy theorist are so closely intertwined?

BTW, what exactly is the breaking news?  You guys are delusional.  Jeez.

Wed, 12/28/2011 - 17:36 | 2017265 chunga
chunga's picture

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.

Wed, 12/28/2011 - 23:05 | 2018082 SillySalesmanQu...
SillySalesmanQuestion's picture


Thu, 12/29/2011 - 00:19 | 2018200 greenbear
greenbear's picture

Are you the person formerly known as Chupacabra?

Wed, 12/28/2011 - 18:41 | 2017404 BrerRabbit
BrerRabbit's picture

Breaking news is like breaking wind except it smells worse.

Thu, 12/29/2011 - 01:12 | 2018285 StychoKiller
StychoKiller's picture

Get thee hence unto the Briar patch...

Wed, 12/28/2011 - 21:42 | 2017871 AgShaman
AgShaman's picture

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. the regulatory bodies are functioning to protect more than just their Bullion Bank masters.

Thu, 12/29/2011 - 00:17 | 2018193 greenbear
greenbear's picture

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.



Wed, 12/28/2011 - 16:38 | 2017114 Johnk
Johnk's picture

Gosh, I wonder what Abby Joseph Cohen thinks?

Wed, 12/28/2011 - 17:12 | 2017195 RichardENixon
RichardENixon's picture

I'm not sure, but I'm guessing she's bullish.

Wed, 12/28/2011 - 17:18 | 2017215 Ned Zeppelin
Ned Zeppelin's picture

Are you sure she's a she, and not a he?

Wed, 12/28/2011 - 18:04 | 2017317 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1  LOL.  It's OK to be mean sometimes!

Wed, 12/28/2011 - 19:16 | 2017481 FeralSerf
FeralSerf's picture

A sack of shit is an it.

Wed, 12/28/2011 - 17:14 | 2017200 Ned Zeppelin
Ned Zeppelin's picture

Why, bullish thoughts of course - that's all he/she knows. 

Wed, 12/28/2011 - 18:09 | 2017327 lotsoffun
lotsoffun's picture

does she still exist?  does formaldehyde work that well?  somebody listens to this?  is lady gag her daughter?


Wed, 12/28/2011 - 16:42 | 2017115 BennyBoy
BennyBoy's picture

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.

Wed, 12/28/2011 - 17:07 | 2017116 Manthong
Manthong's picture

"bemused regulators"

Sometimes bemusement doesn't end well.

Wed, 12/28/2011 - 16:41 | 2017120 MFL8240
MFL8240's picture

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. 

Wed, 12/28/2011 - 16:51 | 2017135 JustObserving
JustObserving's picture

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 (  Something does not compute here

Wed, 12/28/2011 - 17:06 | 2017176 SilverRhino
SilverRhino's picture

It's not down, this is the after Christmas sale for PM's .... loving it.

Wed, 12/28/2011 - 17:15 | 2017203 Ned Zeppelin
Ned Zeppelin's picture

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.

Thu, 12/29/2011 - 00:42 | 2018239 toadold
toadold's picture

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. 

Wed, 12/28/2011 - 17:32 | 2017257 Town Crier
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Back in the day, a threat of war looming and imminent economic catastrophe caused gold & silver prices to rise.

Wed, 12/28/2011 - 21:52 | 2017902 WmMcK
WmMcK's picture

And back in day, the phrase "back in the day" was instead "once upon a time".

Thu, 12/29/2011 - 01:00 | 2018262 akak
akak's picture

I always reply to that inane phrase with "back in WHICH day?".

Wed, 12/28/2011 - 18:18 | 2017355 ebworthen
ebworthen's picture

Does not compute, but I went Silver Shopping!

Roll of Austrian Philharmonic 1 oz'ers on the way!

Wed, 12/28/2011 - 21:54 | 2017909 AgShaman
AgShaman's picture

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)

Wed, 12/28/2011 - 16:41 | 2017123 TheSilverJournal
TheSilverJournal's picture


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.


Wed, 12/28/2011 - 16:42 | 2017124 mkkby
mkkby's picture


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%.


Obama unfortuately wins.  Ron Paul gets everyone's hopes up, but can't defeat TPTB.

Wed, 12/28/2011 - 16:53 | 2017146 TheSilverJournal
TheSilverJournal's picture

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.

Wed, 12/28/2011 - 18:00 | 2017206 JustObserving
JustObserving's picture

US unfunded liabilities are $117 trillion today and growing at $6.5 trillion a year (  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.

Wed, 12/28/2011 - 17:05 | 2017171 SilverRhino
SilverRhino's picture

terminal normalcy bias 

Wed, 12/28/2011 - 17:10 | 2017186 Ignatius J Reilly
Ignatius J Reilly's picture

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.

Wed, 12/28/2011 - 17:23 | 2017226 Ponzified Plebe
Ponzified Plebe's picture

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.

Wed, 12/28/2011 - 17:56 | 2017309 blu
blu's picture

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.

Wed, 12/28/2011 - 21:54 | 2017910 Aguadulce
Aguadulce's picture

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.

Thu, 12/29/2011 - 23:41 | 2020962 ThrivingAdmistC...
ThrivingAdmistCollapse's picture

An economic collapse might reboot the entire system and give everyone the chance to start all over again.....or not.

Wed, 12/28/2011 - 21:28 | 2017842 DosZap
DosZap's picture


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...................

Wed, 12/28/2011 - 16:45 | 2017128 Dr. Engali
Dr. Engali's picture

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.

Wed, 12/28/2011 - 16:57 | 2017156 GeneMarchbanks
GeneMarchbanks's picture

He banged his Madre? Ew, this has taken a most unpleasant twist...

Wed, 12/28/2011 - 17:03 | 2017166 Dr. Engali
Dr. Engali's picture


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.

Wed, 12/28/2011 - 19:01 | 2017434 akak
akak's picture

I think Obomba actually wants to have sex with himself.

Or perhaps with his teleprompter. 

(If there's any difference)

Wed, 12/28/2011 - 18:13 | 2017334 jcaz
jcaz's picture

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......

Wed, 12/28/2011 - 16:49 | 2017140 GeneMarchbanks
GeneMarchbanks's picture

Obama no re-election was his only real going-out-on-a-limb prediction. The rest were so-so....

Wed, 12/28/2011 - 16:53 | 2017144 Mr. Anonymous
Mr. Anonymous's picture

Pessimism fantasy porn.  Yawn.


Wed, 12/28/2011 - 17:04 | 2017153 JW n FL
JW n FL's picture



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." *****



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.” *****



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.” *****


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.” *****


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!!


Wed, 12/28/2011 - 18:15 | 2017338 RockyRacoon
RockyRacoon's picture

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.

Wed, 12/28/2011 - 18:57 | 2017439 Kali
Kali's picture

There will be a lot of ZHers disappeared and the WORLD will be poorer for it.

Thu, 12/29/2011 - 01:21 | 2018298 Calmyourself
Calmyourself's picture

Got tribe? No, get tribe..

Wed, 12/28/2011 - 20:25 | 2017680 kill switch
kill switch's picture

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

Wed, 12/28/2011 - 20:59 | 2017778 Dr. Gonzo
Dr. Gonzo's picture

Speaking of which. Where's funky monkey boy? I haven't heard from him in months. I'm getting worried.

Wed, 12/28/2011 - 21:45 | 2017888 DosZap
DosZap's picture

Dr. Gonzo

Tis a shame, but I heard he got a RED CARD,from the Fema boyeeeeeeeeeeeeeeez.

Wed, 12/28/2011 - 16:56 | 2017154 spekulatn
spekulatn's picture



Financial forecasting is simply testimony to the relentless stupidity of human beings, who seem to be endlessly gullible.

Wed, 12/28/2011 - 17:23 | 2017214 JW n FL
JW n FL's picture




Of course, the fact that over-confident earthquake analysts may lose their careers and reputations while their equivalent in finance will merely have to wait another year to assay an attempt at guru status may have something to do with this.

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!



· Duties 0-35% (motor vehicles 34.2%)

· VAT 17%

· Consumption Tax 5-10%



China will levy anti-dumping taxes of up to 22 percent on American car imports, potentially making US-made car is prohibitively expensive in this country.


The only thing left to do is fire the first shot!




Wed, 12/28/2011 - 17:50 | 2017295 batushka
batushka's picture

JW n FL said " The only thing left to do is fire the first shot!



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.

Wed, 12/28/2011 - 18:06 | 2017320 DoChenRollingBearing
DoChenRollingBearing's picture

+ 1 for you two because you are probably right.

Wed, 12/28/2011 - 21:55 | 2017911 DosZap
DosZap's picture


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.

Wed, 12/28/2011 - 17:06 | 2017178 Snakeeyes
Snakeeyes's picture

I agree with Spekulatn. How can one forecast 2012 with MASSIVE Central Bank intervention, negative real rate loans to banks and Europe in recession?

Wed, 12/28/2011 - 17:27 | 2017238 JW n FL
JW n FL's picture



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!

Wed, 12/28/2011 - 17:07 | 2017182 SilverRhino
SilverRhino's picture

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.

Wed, 12/28/2011 - 17:12 | 2017191 bob_dabolina
bob_dabolina's picture

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.

Wed, 12/28/2011 - 17:46 | 2017284 SilverRhino
SilverRhino's picture

Agreed but it's the price ratios that are effectively crack smoking pessimism.  

Wed, 12/28/2011 - 17:10 | 2017189 Tao 4 the Show
Tao 4 the Show's picture

2011 ===> 2012+

Post modernism ===> (Burnt) Toast modernism

Perception = Reality ===> Reality = Pain

Wealth = Money = {null set} ===> Wealth = Food, Shelter, Friends

Wed, 12/28/2011 - 17:11 | 2017192 Nozza
Nozza's picture

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



Wed, 12/28/2011 - 17:13 | 2017197 UTICA CLUB XX PURE

I didn't get the whole past-tense thing...


Wed, 12/28/2011 - 17:32 | 2017256 WonderDawg
WonderDawg's picture

A literary device to allow predictions to be mixed with fantasy. This way, if any of his outlandish predictions (in this form, description of events that have already occured) come to pass, he's a genius, and if they don't, it was just a "thought exercise".

Wed, 12/28/2011 - 17:15 | 2017205 ZeroPower
ZeroPower's picture

President elect Hillary Clinton?

Lol, ya right. I assume this was posted for the comedic content instead.

Wed, 12/28/2011 - 18:03 | 2017315 lotsoffun
lotsoffun's picture

but another post mentioned her as replacing bloomberg as ny mayor - and that's really VERY funny.  that's a bet that's on.  all the post-menupause bitchs from wall street that i know will be all over that.  it's going to happen.  let's have some fun.  and wonder milf dumps billie boy (sudden heart attack) and she takes up with somebody like tikki barber. that gets votes.  now that's a fun prediction.  i love when you guys get my creative ideas flowing.  just watch!

i get up votes for this one.  this is a real probability.

Wed, 12/28/2011 - 17:19 | 2017221 pakled
pakled's picture



All the technology from Star Trek will arrive. The result....

1) The new super-duper supersonic Sun Burn + missles will travel at just under warp 2

2) The perfection of the transporter means oil from the gulf is beamed directly to refineries, and we let Iran have the straits of Hormuz

3) The holodeck is perfected, and everyone who bought in at the ground floor becomes stinking rich. All those who did not invest buy a holodeck and couldn't care less.

4) Medical technology allows all those in need of a new brain just grow one.

5) 50% of Earth's population (who couldn't afford holodecks) move to Risa.



Wed, 12/28/2011 - 17:24 | 2017230 blu
blu's picture

Well that's 15 minutes I'll never get back -- he didn't mention anything about professional sports. I kept reading and it just wasn't there.


Wed, 12/28/2011 - 19:03 | 2017456 akak
akak's picture

You mean the 21st century opiate of the masses, right?

Thu, 12/29/2011 - 03:44 | 2018409 Diet Coke and F...
Diet Coke and Floozies's picture

Did religion get replaced? Why didn't anyone tell me?

Wed, 12/28/2011 - 17:33 | 2017260 Cheesy Bastard
Cheesy Bastard's picture

In 2012 we mourned the loss of celebrities Hugh Hefner, Michael J Fox, Larry King, and David Letterman.  The real mystery is how the hell Keith Richards is not dead.

Wed, 12/28/2011 - 17:39 | 2017271 bob_dabolina
bob_dabolina's picture

Most of his life he smoked and drank heavily. Also used a plethora of drugs to include heroin. 

Steve Jobs meditated and ate tofu salad everyday. 

Winston Churchill smoked like a chimney and drank like a fish and lived into his 80's.

This fuckin' health obsession we have is ridiculous. When it's your time to go, it's your time to go.

Wed, 12/28/2011 - 17:46 | 2017285 Cheesy Bastard
Cheesy Bastard's picture


Wed, 12/28/2011 - 17:46 | 2017286 Raskolnikoff
Raskolnikoff's picture

Gotta agree, if a doctor says I have cancer, screw that kimo BS, I'll live the last few months or years on my own.

Wed, 12/28/2011 - 17:59 | 2017312 bob_dabolina
bob_dabolina's picture

That's essentially what Job's did.

Thu, 12/29/2011 - 00:37 | 2018232 Dingleberry
Dingleberry's picture

not exactly.....he already did his head-of-the-line privilege with liver transplants, etc for over five years which included all kinds of pharma.  There was probably no real shot left to save him once he started going downhill again. 

Wed, 12/28/2011 - 19:59 | 2017612 Zgangsta
Zgangsta's picture

Depends on the cancer.  Most blood cancers are entirely curable with chemo.  I wouldn't throw away another 50 years of life to avoid a few unpleasant months of R-CHOP.

Wed, 12/28/2011 - 17:36 | 2017264 jcaz
jcaz's picture

President Elect Jon Corzine-

The only man slippery enough to run this mess...........

Wed, 12/28/2011 - 17:56 | 2017310 lotsoffun
lotsoffun's picture

jcaz - i like that :)  alot - seriously - unlike obama - he's got EXPERIENCE with crisis.  i'm sure he will learn from it.  he teared up when talking about not wearing a seat belt (and whipping the buggy driver to get him there on time).




Wed, 12/28/2011 - 18:17 | 2017350 jcaz
jcaz's picture

I think he'd be awesome- I can already see this phone call-

"Hey China-  Jon here.... Yeah, we can't find your Treasury money- it's here somewhere, but I can't tell you when you'll be getting it back.....  I'll call you back when I know something, gotta run, Congress wants to give me a pep talk or something....."

Wed, 12/28/2011 - 18:19 | 2017357 Dapper Dan
Dapper Dan's picture

No comment

That my friend is how our government works.

Wed, 12/28/2011 - 18:36 | 2017394 Anarchyteez
Anarchyteez's picture

JW +10

Wed, 12/28/2011 - 18:48 | 2017419 Srgato
Srgato's picture

Clinton & Bloomberg are both ultra liberal, why would they run against one another except in a primary.  I hope the rest makes more sense than that.

Thu, 12/29/2011 - 01:16 | 2018290 merchantratereview
merchantratereview's picture

duh, they both work for Wall St.

Wed, 12/28/2011 - 18:48 | 2017421 Anarchyteez
Anarchyteez's picture

Silver haters, morons in general, place a call to Northwest Territorial Mint, go ahead lie, tell'm you want to buy some silver, do it righ now, any idea what they'll say to you?!

NWTM, "hello, yes sure that'll be xyz$'s but since we don't have any silver it'll be three months before you can expect it.

Happy new year bitches!

Thu, 12/29/2011 - 00:07 | 2017471 Jorgen
Jorgen's picture


Wed, 12/28/2011 - 19:30 | 2017519 PulauHantu29
PulauHantu29's picture


CHICAGO (AP) -- Bill Dunphy thought his colonoscopy would be free.

His insurance company told him it would be covered 100 percent, with no copayment from him and no charge against his deductible. The nation's 1-year-old health law requires most insurance plans to cover all costs for preventive care including colon cancer screening. So Dunphy had the procedure in April.

Then the bill arrived: $1,100.

Dunphy, a 61-year-old Phoenix small business owner, angrily paid it out of his own pocket because of what some prevention advocates call a loophole. His doctor removed two noncancerous polyps during the colonoscopy. So while Dunphy was sedated, his preventive screening turned into a diagnostic procedure. That allowed his insurance company to bill him.

The Disappearing Middle Class.....

Wed, 12/28/2011 - 19:40 | 2017539 davebrik99
davebrik99's picture

Bushehr Nuclear Plant????     How come WE  have to be the unpaid mercenaries for Israel???     Let em do it themselves!!!    Iran IS downwind after all................sheeesh!

Wed, 12/28/2011 - 19:48 | 2017569 OldPhart
OldPhart's picture

I spent a lot of time researching this and would appreciate some feedback on this short essay.

This is my most plausible forecast for 2012.

Wed, 12/28/2011 - 20:45 | 2017743 ebworthen
ebworthen's picture

Sounds about right to me.

Did I ever tell you about my Ex. Wife and the used car salesman?

Wed, 12/28/2011 - 19:59 | 2017609 chump666
chump666's picture

send in the clowns:

  • BERLIN (Dow Jones)--German Chancellor Angela Merkel and French President Nicolas Sarkozy could meet Jan. 9 in Berlin 


can't wait, meeting 100th? European insanity

Wed, 12/28/2011 - 22:15 | 2017966 High Plains Drifter
High Plains Drifter's picture

such nonsense and stupid postering............

Wed, 12/28/2011 - 21:37 | 2017851 KickIce
KickIce's picture

I think $4 gas and a 25% increase in food gives us Mad Max / Martial Law scerarios, I think we're wound that tight.

I don't think the CBs want war just because fuel price would drive us over the bring.

Low commodity prices is key to the Ponzi.  Bernanke now has to keep the dollar strong while he bails out Europe and at the same time covering Obama's trillion dollar deficits.  The banks can trade 0s and 1s all day, but the governments are borrowing huge sums to cover pensions and entitlements which increases the money supply.

Enter China, they can either print and drive up inflation even higher in their own country, risking even more social unrest, or they can dump more treasuries and drive up our inflation.  It will be interesting to see how long the tow the company (CB) line.

Any way you look at it's going to get nastier this year.


Wed, 12/28/2011 - 21:37 | 2017863 Atomizer
Atomizer's picture

If you can no longer bleed the progs for present infrastructure expenses. The System has no other option, attack another country to steal all resources they hold to play off debts the System owes.

Wash, rinse and repeat.

The Best Bank Robber Ever


Wed, 12/28/2011 - 21:42 | 2017878 High Plains Drifter
High Plains Drifter's picture

ron paul knocking the ball out of the park tonight in a speech live on cspan.............kicking ass.     

Wed, 12/28/2011 - 21:56 | 2017916 High Plains Drifter
High Plains Drifter's picture

former governor of new mexico running for president as libertarian


donald trump thinking of running for president.......


etc etc etc...........


you will see more of this as the presidential race continues



they are splitting the white obama will win........




Wed, 12/28/2011 - 22:08 | 2017949 High Plains Drifter
High Plains Drifter's picture

on cspan while ron paul was signing some autographs on signs etc  after his speech a lady in the audience went forward and told him, ron, its a scary time and you are our only hope............hmmmm............

Wed, 12/28/2011 - 22:26 | 2017999 Raymond_K_Hessel
Raymond_K_Hessel's picture

Anyone have an iPad-friendly version?

Wed, 12/28/2011 - 22:47 | 2018041 disabledvet
disabledvet's picture

The fact is if phucktards like Williams...and all the rest of you morons for that matter...would simply explain how every phucking one of you could be completely wrong on the government bond markets (how's your short trade on europe looking Reggie?) then maybe a single retarded piece of verbiage that comes out of any of you people's meeleeee mouths would matter. Just two weeks ago I opined on SA "I'll be watching the NYSE/Deutche Bourse merger"--no interest in a real time prediction from here, there...or ANY phucking where--and after a veritble panoply of strenuous denials from numb nut land (reported on but not BY the MSM)...lo and behold it's in trouble! Must be tha amazing source material Disabled Vet's got workin! Hahahaha. Get out of your own ego for 5 seconds ZH'ers! Stop trying to be the 1%! Once you realize all you need is some uncommon common sense to win this game then you can at least get over the fact that you're not being paid. Here's one for all you genius' to "go figure"--why the he'll is there a serial number on a bar of gold? Not even a Bankrupt Judge can figure that one out! How about "where the news is period" courtesy of Zero Hedge? Or do the TD's condone retardism as WELL as blatant thievery? Anywho-- get your party favors warmed up--I'm sensing a Zero Hedge kinda New Year.

Wed, 12/28/2011 - 23:23 | 2018116 roccman
roccman's picture

try $500 oil and $20 gas

peak oil cannot be papered over any longer.

need a boogyman though...oh yeah...hormuz...

right on que.

Wed, 12/28/2011 - 23:34 | 2018132 malek
malek's picture

> cost W3.55 trillion (US$1=W1,188) after Korean reunification

He surely meant quadrillion?

Wed, 12/28/2011 - 23:35 | 2018133 michaelsmith_9
michaelsmith_9's picture

Interesting year for the markets.  The picture is likely to look much different next year.  In the shorter term, looking for a "risk on" reversal.  An inter-market analysis of the AUDUSD, SPX, and TNX all point to higher levels in the near term and in the weeks ahead.

Thu, 12/29/2011 - 00:05 | 2018180 steveo
steveo's picture

Some of you may have seen the telescope project before, please stop by, looking for around 600 more kliks to defray cost of this light gathering beast, yes I will beg, for this purpose

Steveo's 2012 G2 Telescope Project
I still think this is the best Christmas Gift I have ever received (even if I had to buy it).

 Celestron C8 SGT XLT

Thu, 12/29/2011 - 00:05 | 2018182 steveo
steveo's picture

Some of you may have seen the telescope project before, please stop by, looking for around 600 more kliks to defray cost of this light gathering beast, yes I will beg, for this purpose

Steveo's 2012 G2 Telescope Project
I still think this is the best Christmas Gift I have ever received (even if I had to buy it).

 Celestron C8 SGT XLT

Thu, 12/29/2011 - 00:13 | 2018189 NoVolumeMeltup
NoVolumeMeltup's picture

"I have unwittingly ruined my country. A great industrial nation is controlled by its system of credit."
Woodrow Wilson, after signing the Federal Reserve Act of 1913

Freedom. This is held to be of the highest ideals and states which mankind can achieve. It is a single-ingredient formula for receiving the blessings of the universal intelligence which knows only love and acceptance. It is what the Masters have decided was worth more than anything the material plane can offer.

So how odd that man relinquishes it willingly on a constant basis by the mere power of suggestion.

He fears for his life, because it's more important to play out the meaningless diversions until the meaningless end.

He fears for his soul, because of the Church's ceaseless ultimatum of eternal comforts or torturous pain.

He fears for his job, because one wrong step can pull the rug out from under his financial house.

He fears for his marriage, because his spouse seems truly happier "wearing his pants" although her non-fulfilment is actually more pronounced than his own.

He fears for his children, because they are the promise of redeeming his athletic, academic and social shortcomings.

He fears for his safety, because of a non-stop barrage from interested, altruistic parties convincing him they have his best interest at heart.

He fears for his reputation, because he does not understand this is the iron cell keeping him from being as a child in the cosmic playground.

He fears for his health, because he is a goldmine for the Pharma and Medical industries and the anxiety around what the "Doctor" on television tells him he's doing wrong manifests greater physical ills than whatever grave vice it happens to be.

He clutches fear to his heart, showers in anxiety every morning and quickly cedes control of all things, great and small to vipers without souls who seek only further their parasitic hold. Is it any wonder, the popularity of pointless activities that keep us all gawking at nothing? Pro Sports, Reality TV, shopping, video games, shiny Ho's, everything about Las Vegas. Watch what this hand is doing and with the other I will usurp your Constitution, your monetary base, your culture, your livelihood and your vitality. And not only yours, but every generation hence. And the laughable part is you stood by like a sea floor invertebrate, waving with the tide. You clapped for it like a trained seal. Apologies, but the satisfaction of my team winning means shit-all when held up to the light.

And what other manners of societal neurosis are we afflicted with? Allowing the wholesale invasion of migrants who despise us for votes and cheap labor? Thank the honorable memory of Ted Kennedy for helping enact the anchor baby policy, by the way. Free emergency room care which is causing mass hospital closures on the West Coast? Local police who won't/can't ask about legal status and don't want to deal with the paperwork. The result being that a drivers license and auto insurance aren't entirely necessary for them. By Odin's beard, that sounds like we've become second class citizens in our own country. And we're supposed to stand by and vote in more NAFTA and GATT-promoting globalists. Well whomever is profiting from our displacement will soon learn that it was not worth the cost.

They will ever continue to promote fear and steal our birthrights for as long as they are allowed, but the trick is most don't know that they hold the power. Instead, they honestly believe that they are relegated to serving on the Homeowners board because that is the only semblance of control in a world where they are only bit players. That is a tragedy.

So the terriers hate us for our freedom? At what point do they quit doing that because Corporate Congress in the past ten years are enacting SOPA, FISA, Partiot Act, Healthcare reform, Contracts for Israeli Wiretappers, and innumerable legislative atrocities that the black-robed tyrants rubber-stamp because the system is simply broken. They have allowed the ruination of the the Constitutional requirement for U.S. currency to be controlled by the Treasury Department (plus redeemable for precious metals) and instead a system for, by and of the International Bankers. How better to maintain a lock on a populace than by forcing them to use "company store credits" which you can debase, skim and outright create at will? And once the game is up because this fiat is ultimately meant to fail, guess who is ready to step in to offer the replacement? That's right, the same group of shadowy assholes. Such a deal.

Well, allow me to offer a consolation. Their game is over. Done. Their greed, their "growth models", the compliance of a heretofore pliable people has run its course. You cannot get ahead financially because you are not meant to. Taxes, levys, fees, compound interest, penalties, "low" monthly payments, student loans, healthcare deductibles and every other mechanism of Shylock's tribute are contrary to the inherently evolutionary nature of the world. We need not work for the system, we can work for ourselves. We may once again know the organic growth and satisfaction of making an honest living doing observable work instead of contributing to shuffling around pretend money, "selling" houses to each other or financially dry-humping victims until tender. That my friends, constitutes meaning is the real sense of the word and nobody can convince me that it's not possible. Beware those that tell you that you lack the power.

No copyrights reserved as the current copyright system is categorically invalid except to render profits to undeserving corporations.

Thu, 12/29/2011 - 00:43 | 2018242 pocomotion
pocomotion's picture

So, should I vote for Ron Paul?

Thu, 12/29/2011 - 00:49 | 2018250 NoVolumeMeltup
NoVolumeMeltup's picture

Why yes, yes you should.

Thu, 12/29/2011 - 00:43 | 2018241 13thWarrior
13thWarrior's picture

Video executive summary sums it up quite nicely.

Thu, 12/29/2011 - 01:20 | 2018297 xcehn
xcehn's picture

"This is what we’re up against; a small group of obscenely rich people who have totally rigged the system and who are grabbing more and more of the wealth for themselves while they preach austerity to everyone else.  Even so, it’s pretty amazing when people get ripped-off for $600B and it doesn’t even make the headlines."

Thu, 12/29/2011 - 01:23 | 2018302 Bansters-in-my-...
Bansters-in-my- feces's picture

Hillary Clinton becomes a skanky cunt.

Oh,,,She allready is one.

Thu, 12/29/2011 - 01:31 | 2018315 simone
simone's picture

This was writen good to.

Thu, 12/29/2011 - 02:45 | 2018385 DarthVaderMentor
DarthVaderMentor's picture

The most overlooked story of 2011 which will produce massive effect on the US economy may very well be this one if it proves to be true:


If the Fukushima nuclear mess has come upon our shores and fisheries, it will be a huge economic mess. There will be a witch hunt to put the blame onto many parties as to why we weren't warned or prepared, which includes blogs like Ken Donglicker's Market Ticker forum.

Fri, 12/30/2011 - 02:04 | 2021080 blindman
blindman's picture

looking back at 2012, this is a big one, no pun intended.
The Actual Astronomy of 2012 and the
Sacred Triple Rebirth of the Sun
An Essay by Thomas Razzeto
© Copyright 2008 by Thomas Razzeto
"What Will Actually Happen on December 21, 2012

Venus will start things off by rising above the horizon at 4:46 AM. It will be extremely easy to see in the black predawn sky and it will lead the sacred tree on its journey across the sky throughout this special day. The fact that Venus will rise before the sun should not be taken lightly with regards to the question of why the Maya picked 2012. Jim Reed, editor of the Institute of Maya Studies’s newsletter, said:

I think it is important that they chose a date of a winter solstice and a
winter solstice when Venus would rise up before the sun. Venus is there
to witness the rebirth.

Yes, of course the Maya would have had a vision that included the planets, especially Venus, which they tracked with a very precise calendar. The Maya were so concerned about Venus that they could even predict when it would pass as a black dot across the face of the sun. This is called a Venus transit and there will be one in June 2012.

Now, let's get back to the unfolding of the day. At 5:11 AM, the moment of the winter solstice will arrive and the sun will be reborn with the days becoming longer. Mercury will rise at 5:23 AM and it will be visible even with dawn's increasing light. It will be the second object on the sacred tree. Next, the sun will enter our world with a blaze of color at 6:29 AM to become the most important object on the sacred tree. Obviously, by this time, the sky will be so bright that both Mercury and Venus will be obscured from view but nonetheless, they will continue their journey across the sky. Pluto, which is never visible to the naked eye, will rise at 7:03 AM and finally Mars will rise at 8:24 AM, making it the last object on the sacred tree. Notice that the sun will rise 103 minutes after Venus and that Mars will rise 115 minutes after the sun. This means that the sun will be close to the middle of these two planets! (10)

A few hours later, at 10:05 AM, the center of the sun will be exactly on the galactic equator. This is the galactic alignment of 2012 and the peak of the celestial love making! This is the moment of cosmic orgasms!" ...
The Actual Astronomy of 2012 - Absolutely Amazing!

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