OK, Let’s Play
Instead of making predictions, I’m going to take a slightly different approach and tell you what happens if certain events take place in 2012. It’s more fun, and will allow me to say “I told you so” some time down the road.
The Main Event of The Year: Election 2012
If B. Hussein Soetero gets reelected as US Prez, you will look back from the future and remember I told you it was the end of The Untied States as you knew it.
There is no way the United States can take 4 more years of this socialist asshat. If the people of Amerika are stupid enough to fall for “Hope & Change” the first time, then they are just dumb enough to do it again. And if that happens, just look to Greece to see the future Amerika.
The “Land of the Free and Home of the Brave” has been replaced with “The Land of the Indebted and Home of the Victims”. Amerika has become a fascist, socialist paradise; just be a victim of anybody that has made $1 more than you and apply for government benefits.
If he gets reelected, 2 things will happen.
First, the debt of Amerika will absolutely explode. Look for multiple trillions in debt, financed by forced participation of your 401K or IRA, and much higher tax rates. No dollar in Amerika will be safe from the clutches of “The One”.
Second, look for capital controls and the end of your personal freedom to invest your money the way you see fit. The goberment knows best don’t-cha-know. Welcome to the new reality. Look for people to go “John Galt” in increasing numbers.
Don’t Go Away Mad, Just Go Away
2nd Main Event of the Year: End of the Euro
Sometime in 2012 the Euro will collapse, and with it the socialist dream of the apparatchiks in Brussels. There simply is no way this farce can continue.
The main thing I’m looking for is the reintroduction of the D-Mark for trading. The spread opportunities alone are making me giddy.
The political ramifications are enormous. What I’m hoping will happen is the introduction of capitalism into these various countries. I’m not holding my breath however.
Whatever happens, though, will not change the average Amerikan fascination with the dumbest stuff imaginable. If it has no value and repulses you, odds are it will be headline news for about a week.
Today’s Action & Wrap Up
We came into today in neutral mode and await a signal. From the looks of things, and the fact that there are only a few more hours in our trade initiation window, it doesn’t look like there will be any trades for the day. We missed a good down move today, but remember, it’s an opportunity cost not a real loss. Know and understand the difference.
The fact that gold is imploding into year end I find interesting. Sell gold [one of the few winner trades over the last year] to cover losses you have incurred everywhere else [i.e., equities] for probable tax reasons.
In the U.S. you can only deduct losses from something of like kind that is a winner. If you don’t sell the winners, you don’t get to carry over the losses into the New Year. Some system heh?
So, no trading today; $ 0.00 gain for the day.
Have a wonderful day everybody.