Perhaps the Mayans did get it right, 2012 (maybe 2013) will be the end of the world, well it is acording to Rauol Pal
Pal is a hedge fund investor with considerable clout, a former Goldman Sachs alum and founder of Global Macro Investor, retired at the age of 35 and writes for a few hedge fund publications, and yes he believes that we are coming on end times, beginning with a series of sovereign defaults, the Big Reset is about six months away.
It kind of feels like there’s a SEP field on the whole Euro crisis at present. For those unfamiliar with the works of Douglas Adams and his hitch hikers guide to the universe book series, a SEP is a technology used to hide things, or make things unseen. SEP stands for Someone Else’s problem. You only see a giant spaceship parked at the Lords cricket oval briefly out of the corner of your eye, but you ignore it because its..someone else’s problem..brilliant stuff.
And who wants to face up to it, “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.“