Former Hedge Funder Presents A Terrifying Vision Of THE END

[st louis steve]

Former Hedge Funder Presents A Terrifying Vision Of THE END GAME
Max Nisen | Jun. 1, 2012, 2:49 PM | 2,028,720 | 115


Everyday, we hear some pretty grim predictions about the markets and the economy. But this is one of the more comprehensive and most gloomy outlooks we've ever seen.
Raoul Pal expects a series of sovereign defaults, the "biggest banking crisis in world history", and asserts that we don't have many options to stop it.
Pal previously co-managed the GLG Global Macro Fund. He is also a Goldman Sachs alum. He currently writes for The Global Macro Investor, a research publication for large and institutional investors.
A note on the presentation; the last slide is not meant to suggest that we're going back to the economic activity of 3000 years ago. It refers to the 3000 year old trade links between the nations along the Indian Ocean, which Mr. Pal believes will be the center of world's opportunities. Just like the West 50 years ago, they have "...low debts, high savings and a young population".
Thanks to Raoul Pal for giving us permission to share his presentation.
Click here for "The End Game" >


Read more: http://www.businessinsider.com/raoul-pa ... z1wrDkyEBY

[st louis steve]

So how soon does Raoul Pal think all of this is going to happen?....

From a timing perspective, I think 2012 and 2013 will usher in the end.The following is from a Zero Hedge summary of a recent presentation by Raoul Pal....

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 – bannedhttp://theeconomiccollapseblog.co ... -is-coming
All that is left is the Dollar and Gold