The most popular post for 2012 at zerohedge.com was with out a doubt a presentation by Raoul Paul of 'Global Maco Investor', It seems every one loves to read a horror story. 192,000 readers...wow! Main points..
The report...The End Game COMMENTS: First there are no lies in the report. The reader must respect that! Second, to understand the derivative market is to understand how a bookie runs his business, every winner has a looser, the bookie just takes a fee. For example, JP Morgan has $100 Trillion of derivatives over there books, they are one very large bookie, the question you must ask is when some one loses can they pay, what if they dont? A 1% (if only) failure to cover a loss is $1 trillion dollars. Who is going to cover that cash shortfall, JP Morgan cant that them wiped out, the Fed and or the US taxpayer. This is why asset prices cant go down, this is why there cant be a recession, this is why mark to market accounting will never ever come back...EVER! The economic cycle must be adjusted to never have a down cycle ever ! Learn to play the game, there is a reason why gold is above $1500 !
updated Dec 31, 2012
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