Archive for the ‘2012’ Category

Posted on December 30, 2008 - by MG

Is the 2012 prophecy linked to the economy?

I never do this, but for once I’m going to reference something else in the blogosphere and comment on it.

Yes – me – taking an interest in public affairs! Me peeking out from my self-imposed coccoon/ivory tower!

Well it’s 2012, is what it is. I keep an eye out for juicy 2012 stories and I liked the cut of this one’s jib.

In his Ten Economic Predictions for 2009 writing for the stock investment tip Website Seeking Alpha,  Jason Hamlin lists ten predictions, some of which seem startlingly precise to the untrained eye (gold rising to up to $2,000, for example). It’s gloomy doomy, as you’d expect although Jason tries to see the bright side: we’ll all be better for it in the long run.

Well sure, that’s the conclusion historians often make about terrible historical events. The Black Death in the European Middle Ages did wonders for class mobility, by all accounts. I’d still sooner not have been one of those that died of black death to make Europe a better place, however.

The 2012 connection comes in the conclusion: the world’s economy may hit rock bottom in 2012. If there was ever an event that might change the whole world’s outlook on life, a broken economy might do it. That’s what Jason reckons. Is this what the ancient Maya foresaw? That the finances of the world could only continue for so long and then blam. It was all bound to fall to pieces. Probably around 2012. Dec 21st or 22nd. Round about teatime.

That’s some pretty fine soothsaying, if you don’t mind me saying so. Economic mysteries revealed in celestial events like the precession of the galaxy…wow.

So, we have now officially considered our first bit of 2012 quackery.

As Bill Clinton’s election campaign team liked to say, it’s the economy, stupid.