I think I'm going to start tracking when various prognositicators say "The Big One" is going to hit. You know, stock market crash, hyperinflation, dollar collapse, gold $3000, etc. You (and I) will be able to find them by clicking on "The Big One" link on the left of my home page.
Here's the first, Karl Denninger: "See, I fully expect another large market swoon in the next 6 to 18 months, probably closer to the inside on time. And by "large" I do mean large -- 50% or worse, perhaps considerably worse.
It means the government needs to find a way to keep the game going. They will look toward private and public retirement assets to do so because this is one of the very few remaining stores of wealth they can attach. To do it they're going to play on your fear and offer you a carrot that is in fact a giant corn cob aimed you know where.
They will "offer" to replace your loss in your trading account, including a taxable account, provided that you convert the entire thing to a ladder of 10 to 30 year Treasury notes at then current interest rates, which will be ridiculously low -- lower than they are now -- and agree to lock it up until you are 65."
What's the probability that this phrase "I fully expect" indicates? I say its more than 50% and less than 99%.
I like this piece, but I think the end is further out. I think the Banksters are still in control. In fact, I think their power is increasing. Its certainly increasing over the population of the developed world as it gets harder and harder to do anything financially significant without their computers watching and correlating for "out of the mainstream" patterns. It seems like its increasing internationally as they put the screws to more and more "won't play ball" countries: Columbia, Peru, Iraq, Sudan, Libya, Syria with the screws tightening on Iran and Venezuela and Cuba coming up next.
Have any countries significantlly gotten out of the Bankster's grip? When significant countries get significantly more independent of the Banksters then I'll be thinking the jig is up.
Lord willing, we'll see who is right.