Mr Rogers, the respected currency trader and hedge fund pioneer, cautioned that when the downturn takes hold “the world is going to be in worse shape because the world has shot all its bullets.”
Speaking in an interview with business television channel CNBC, the septuagenarian investor said that “since the beginning of time” there has been a recession every four-to-six years, and that’s mean another one is due around 2012.
However, he said that due to the extraordinary measures already adopted by central banks and governments around the world, the arsenal of available tools to combat the next recession is somewhat lacking.
With reference to Ben Bernanke, chairman of the US Federal Reserve, he said: “Is Mr Bernanke going to print more money than he already has? No, the world would run out of trees.”
Meanwhile, Robert Shiller, co-creator of the Standard & Poor’s/Case-Shiller house price index, warned that the next downturn may come even sooner.
“For me a double-dip is another recession before we’ve healed from this recession. The probability of that kind of double-dip is more than 50pc. I actually expect it,” he said. His prediction came despite the S&P/Case-Shiller index for May showing a 4.6pc year-on-year increase in house prices in 20 major US conurbations.
Here is a little breakdown for 2012 by the cat who basically predicted the Occupy Wall Street Movement:
One megatrend looms on the near horizon. And we forecast that when it strikes, it will be a shock felt around the world. Hyperbole it’s not! Our research has revealed that at the very highest levels of government this megatrend has been seriously discussed. Read on:
1. Economic Martial Law: Given the current economic and geopolitical conditions, the central banks and world governments already have plans in place to declare economic martial law … with the possibility of military martial law to follow.
2. Battlefield America: With a stroke of the Presidential pen, language was removed from an earlier version of the National Defense Authorization Act, granting the President authority to act as judge, jury and executioner. Citizens, welcome to “Battlefield America.”
3. Invasion of the Occtupy: 15 years ago, Gerald Celente predicted in his book Trends 2000 that prolonged protests would hit Wall Street in the early years of the new millennium and would spread nationwide. The “Occtupy” is now upon us, and it is like nothing history has ever witnessed.
4. Climax Time: The financial house of cards is collapsing, and in 2012 many of the long-simmering socioeconomic and geopolitical trends that Celente has accurately forecast will come to a climax. Some will arrive with a big bang and others less dramatically … but no less consequentially. Are you prepared? And what’s next for the world?
5. Technocrat Takeover: “Democracy is Dead; Long Live the Technocrat!” A pair of lightning-quick financial coup d’états in Greece and Italy have installed two unelected figures as head of state. No one yet in the mainstream media is calling this merger of state and corporate powers by its proper name: Fascism, nor are they calling these “technocrats” by their proper name: Bankers! Can a rudderless ship be saved because technocrat is at the helm?
6. Repatriate! Repatriate!: It took a small, but financially and politically powerful group to sell the world on globalization, and it will take a large, committed and coordinated citizens’ movement to “un-sell” it. “Repatriate! Repatriate!” will pit the creative instincts of a multitude of individuals against the repressive monopoly of the multinationals.
7. Secession Obsession: Winds of political change are blowing from Tunisia to Russia and everywhere in between, opening a window of opportunity through which previously unimaginable political options may now be considered: radical decentralization, Internet-based direct democracy, secession, and even the peaceful dissolution of nations, offering the possibility for a new world “disorder.”
8. Safe Havens: As the signs of imminent economic and social collapse become more pronounced, legions of New Millennium survivalists are, or will be, thinking about looking for methods and ways to escape the resulting turmoil. Those “on-trend” have already taken measure to implement Gerald Celente’s 3 G’s: Gold, Guns and a Getaway plan. Where to go? What to do? Top Trends 2012 will guide the way.
9. Big Brother Internet: The coming year will be the beginning of the end of Internet Freedom: A battle between the governments and the people. Governments will propose legislation for a new “authentication technology,” requiring Internet users to present the equivalent of a driver’s license and/or bill of health to navigate cyberspace. For the general population it will represent yet another curtailing of freedom and level of governmental control.
10. Direct vs. Faux Democracy: In every corner of the world, a restive populace has made it clear that it’s disgusted with “politics as usual” and is looking for change. Government, in all its forms – democracy, autocracy, monarchy, socialism, communism – just isn’’t working. The only viable solution is to take the vote out of the hands of party politicians and institute Direct Democracy. If the Swiss can do it, why can’t anyone else?
11. Alternative Energy 2012: Even under the cloud of Fukushima, the harnessing of nuclear power is being reinvigorated by a fuel that is significantly safer than uranium and by the introduction of small, modular, portable reactors that reduce costs and construction time. In addition, there are dozens of projects underway that explore the possibility of creating cleaner, competitively priced liquid fuels distilled from natural sources. Plan to start saying goodbye to conventional liquid fuels!
12. Going Out in Style: In the bleak terrain of 2012 and beyond, “Affordable sophistication” will direct and inspire products, fashion, music, the fine arts and entertainment at all levels. US businesses would be wise to wake up and tap into the dormant desire for old time quality and the America that was.
This guy was a true G: Lifeguard, Street Smart and The #1 cat in one of Southern California’s wealthiest Beach Towns.
He was a cat I truly looked up to when I was a young up-and-coming G on the rise.
I think this is the third or fourth good friend that has gone down in the last few years from The Mirror, The Razor Blade and The Straw mixed with pharmaceuticals.
Rest in Peace. Enjoy the waves in heaven.
Watch this stuff if you want a long career in “The Life”.
I have been meaning to post about Jose Benavidez for about a year. Lately, however, I have been shooting around the USA, pulling down some CASH and swooping some fly girls.
But that is neither here nor there.
I have a friend that has sparred with Jose Benavidez and Aamir Kahn at The Wildcard Gym and he says that Jose Benavidez is better than Aamir Kahn right now.
And the kicker is the 2009 National Golden Gloves Champion in the light welterweight division he is only 19 years old.
So I could have said he is going to be a Future World Champion and that you heard it here first (if I would have posted it when I wanted to), but either way, the kid is going places.
Check out The G Manifesto’s Jose Benavidez file:
Jose Benavidez Jr “The Rise of a Champion”
Freddie Roach: Jose Benavidez Is My Future
17 year old Jose Benavidez and Manny Pacquiao sparring
Benavidez vs Hope
2009 Golden Gloves National Champion Jose Benavidez
Jose Benavidez Back At The Wild Card Boxing Club in Hollywood
The Puerto Rican star Miguel Cotto, is a homegrown product of the legendary Bairoa Gym in Caguas. He has been one of boxing’s most exciting and compelling characters over the last ten years. A skillful boxer, great pressure fighter and vicious body puncher, he almost always seems on the brink of disaster. Which of course, makes him an exciting fighter to watch.
Antonio Margarito
Mexican star Antonio Margarito is a tough as they come. He is a relentless pressure fighter with an iron chin that throws deadly body punches and uppercuts. He isn’t pretty to watch, but his style is straight out of the alleys of Tijuana. He even looks like a border cartel member. He also might sport some of the worst hairstyles in Boxing today, but that is neither drug scales or cocaine rails.
Handwraps
Let’s talk about the handwrap issue for a minute. I am 99% sure that Margarito used loaded handwraps in the first fight. I even remember when I watched the fight, something seemed fishy. But that is boxing. If true, it makes Margarito one of the biggest scumbags in recent boxing history.
I have talked to several fighters that have sparred with Margarito (and this was before the Cotto fight) and I remember them telling me that Margarito “hit like he had bricks in his hands”.
HBO Boxing: Cotto vs. Margarito: Face Off with Max Kellerman
Miguel Cotto Keys to Victory
First off, Cotto needs to control, or try to control the pace of the fight. Which means, he will want the fight to go as slow as possible for as long as he can. He needs to move and avoid “the phonebooth”.
This is really a bad matchup for Cotto “style-wise”. He is at his best when he is moving forward and pressuring opponents. With Margarito, he has to fight moving backwards for a multitude of reasons, not the least of which is the size differential.
If Cotto gets hit hard, he is going to have to clinch and slow it down. He probably won’t do this though, since Cotto doesn’t really clinch. However, he is going to have to learn.
When Cotto stops moving, he is going to have to throw with leverage. This of course, gives Margarito a chance to land heavy leather, but Cotto needs to make Margarito respect him, and respect him early.
For Cotto, this is really going to be a battle of footwork, and he can’t stay on the ropes. And at all costs, he is going to have to use head movement and make Margarito miss. The less leather landed on Cotto early the better.
He also needs to throw straight punches thru the gloves of Margarito. The clean 1-2 is going to be a key punch for him.
Other punches to watch for Cotto are the short hook inside. Again, he needs to throw that one from the hip with leverage. He really need to get some rotation on it.
Antonio Margarito Keys to Victory
Essentially, Margarito needs to do exactly what he did last time.
The thing he needs to focus on most is cutting off the ring. The more violent and the more the fight turns into a bloodbath, the better it is for Margarito. He needs to keep the fight inside.
And again, Margarito needs to use his size. Because of their statures, Margarito almost seems like a weightclass or two above Cotto.
The punches to watch for Margarito are the uppercuts to the body from both hands on the inside. If he lands those early, expect a long night for Cotto.
Cotto vs Margarito HD Highlights (GP)
Factors in The Fight
Corners: Both men have different corners in this fight. Not sure who’s advantage this is.
Fight Stoppage: I can see this fight getting an earlier than normal stoppage. I don’t expect they will let Cotto take the kind of punishment he did in the first. And if Margarito’s eye acts up, I don’t think they will play around with that one either. Look for the ending to come quick if and when it does.
Low Blows: Both of these guys are heavy body punchers and they don’t like each other. Maybe even hate each other. Look for a potentially Game changing low blow.
Clashing of heads: These guys styles are prone to clash heads. If a big cut opens up, all bets are off.
The Venue: Madison Square Garden. Need I say more? In An Unforgiving Sport (great book by the way), Paul Malignaggi said that fighting Cotto in the Madison Square Garden is like “fighting the Devil in Hell”. And that is coming from a New Yorker. The heavy Puerto Rican crowd should uplift Cotto. And give him a little leeway on the judges cards.
Cotto: “Madison Square Garden for me, New York for me, it’s like home. And I know that’s going to be a huge Puerto Rican night, the night of December 3.”
Margarito: “The square is always the same in any ring. It’ll just be me and him. I’m going to come out with my hand raised as champion of the world.”
Good stare down:
Miguel Cotto vs. Antonio Margarito 2-Los Angeles Press Conference Highlights
Questions to be answered?
Is Cotto the same fighter after brutal losses to Margarito and Pacman? I have heard some interesting things on the boxing grapevine that say he isn’t. Which is really a shame if Margarito used loaded gloves.
Is Margarito the same fighter? After all, he hasn’t really set the world on fire after his “win” over Cotto. He got destroyed by Sugar Shane Mosley and Manny Pacquiao, and has had just one win over Roberto Garcia.
How is Margarito’s eye? Only the fight will answer this one. Margarito says, “As you can see, we keep training like it’s nothing. My eye is in perfect condition, it’s fine. If it weren’t in perfect condition, believe me, I wouldn’t fight.”
How is Cotto’s emotional state? Personally, I think he is convinced that the reason he lost the first fight was cheating. However, that resolve will be tested in rounds 6-12. Cotto says, “No matter what, I’m preparing myself to beat Margarito’s ass. He played with my health. I’m going to play with his.”
Prediction
Cotto: “I don’t have any respect for him. And I’m going to take advantage of his eye like he took advantage of the plaster.”
Margarito: “Fuck Cotto (or “Cotto can go to hell, depending on how you translate it). If he thinks that I had plaster, it will hurt like I was using plaster. And he will know it.”
It is safe to say that these guys hate each other. And we have potentially the biggest blood war on our hands this Saturday.
I really think this one will be a slaughter house floor for however long it lasts.
If I was betting, I would bet on the underdog. This fight is razor close on paper.
I typically don’t pick sides in boxing matches, I usually just root for what is best for Boxing.
However in this one, you have to want Cotto to get revenge and redemption.
And I guess that would be the best outcome for Boxing as well.
So f*ck it, he is my (first time) biased prediction:
Cotto by bloody and brutal, close Unanimous Decision.
