Five years and 7.3 million pageviews after I published the first of more than 2,000 posts at Financial Armageddon, "'The Stability of the World Financial System May Be More Apparent than Real'" (what an understatement!), I just wanted to thank you, my readers, along with those many individuals who have been kind enough to recommend my site (the latest example can be found here), send traffic my way, buy my books, and otherwise support my efforts through thick and thin.
That said, while I hope to carry on providing those who care with an unvarnished view of the ugly reality we find ourselves in (believe me, it is a depressing struggle some days), nothing would make me happier than to see changing economic circumstances prove me wrong.
Unfortunately, I don't think there's any chance of that happening anytime soon.








Mike,
7.3 million page views! OUTSTANDING ! Wishing you an overdue and well deserved Congratulations! One of your great assets is your humility, especially so given all the I told you so and look how smart I am chest pounders this arena is known for.
Best wishes for a healthy, safe and successful 2012
HD
Prudens Speculari
Posted by: Harleydog | December 30, 2011 at 05:45 PM
Born into a world not of our making,
our thinking is molded by the culture
we are born in,it takes guts,courage
and refined intelligence to brake away
from the mold. For that you have my deepest
respect. Best of wishes for 2012.
Posted by: roger | December 30, 2011 at 06:06 PM
Lots of things need to be fixed...
James Koutoulas on JPM Boycott, MF Global Failure, ZIRP
Warren Pollock interviews James Koutoulas CEO of the Commodity Customer Coalition. Were it not for James, MF Global customers would have been totally overrun by an exparte bankruptcy process dominated by JP Morgan and the SIPC. This breaking interview covers important issues regarding JP Morgan's refusal to address concerns regarding its conduct as custodian of MF Global segregated house, their role in lowballing MF Global customers with a 40c offer on the dollar, with their fingers all over the bankruptcy, head of creditors committee, preferential purchases of LME stock, the ability to flip assets of MF Global without competitive bid.
http://www.youtube.com/watch?v=kubJzffknJk&feature=youtube_gdata
Posted by: Thank you | December 30, 2011 at 08:58 PM
Well, shucks, Michael, thank YOU for solid info, saving my retirement, and
helping me earn on my investments more than nearly all the mutual funds.
What you cover is often depressing, but reality is bubbling up: the latest
issue of BusinessWeek is the scariest I've ever read. The honest data in
BW merely confirm what you've been telling us all along: "Keep your
hands inside the basket, folks!"
Posted by: Jaspar | December 30, 2011 at 09:49 PM
Let me say "Happy New Year" a tad early! Thanks for everything and keep up the good work.
Posted by: tj & the bear | December 31, 2011 at 12:03 AM
Thanks for digging into all the fraud and misfeasance so prevalent in our economy. It's nice to have graphs, charts and hard data to support ones gloom and doom outlook. i forward your stuff all over the web to other sites in comments and always leave the link. Here's to 2012 - let's see if the Mayans and the lost book of Nostradamus are correct by this time next yr.
Posted by: Tom | December 31, 2011 at 05:31 AM
Thank you for all your hard work and investigative reporting. Although at times it may seem unappreciated, it is actually some of the most sane writing I have seen in the last few years.
Keep up the good work!
Posted by: Calif. fan | December 31, 2011 at 09:39 AM
Humility is an all-too-rare wonder and blessing.
I've learned a great deal from Mr. Panzner's articles, reader comments and links, all of which have pushed me toward an awakening reflection of our times.
May 2012 bring a better year to all.
Posted by: rhon | December 31, 2011 at 02:20 PM
Insurance Regulatory Law has this "Although cyber insurance has been in existence for more than a decade, the market for cyber coverage has recently begun to expand as the cost of data breaches and other cyber threats continues to grow."
Posted by: Forensic Accounting | January 01, 2012 at 05:50 AM
A Date to Live in Infamy - December 31, 2011
The US Republic has been officially put to death through the passage of a law outside of news reporting which makes the entire world a battlefield for a dying empire You are now an enemy combatant just because a single person says so even if you are a citizen of The United States of America, in your home, here in your own country. This political trend corresponds to and aligns with our economic trajectory and are in fact the same event. Empires become monetarily impossible to support over time. In the US the only response to change has been the abrogation of law. We law selectively applied in Finance, and we have seen the ideals of constitutional freedom destroyed with the Patriot Act, and confirmed by the National Defense Authorization Act. An act to fund the military was used as a smoke-screen to destroy the republic by voiding the constitution as well as rights to habeas corpus.
http://youtu.be/qj3ddV7706I
Posted by: Wake up | January 02, 2012 at 09:38 AM
Obama Signs Legislation Killing Bill of Rights; Ron Paul, Rand Paul, Rachel Maddow Skewer Obama; Road to Tyranny; Complete List of Senatorial Cowards Backing the Bill
In 9 Things to Say Goodbye To, I lamented on the loss of privacy and free speech.
Unfortunately, the situation is much worse, thanks a huge group of senatorial cowards that wrote and passed a "defense" bill that allows US citizens to be arrested, detained, even sent to Guantanamo, Cuba without being charged with any crimes.
http://globaleconomicanalysis.blogspot.com/2012/01/obama-signs-legislation-killing-bill-of.html
Posted by: Say goodbye | January 02, 2012 at 09:54 AM
Truth & Honor: The World is Endorsing Ron Paul For President 2012
http://sgtreport.com/2012/01/truth-honor-the-world-is-endorsing-ron-paul-for-president-2012/
Posted by: Truth & Honor in 2012 | January 02, 2012 at 07:46 PM
Tonight’s Iowa Vote Count To Take Place At Secret Location
Tonight’s final vote tally for the Iowa caucuses will take place at a secret undisclosed location, an announcement that has stoked fears of vote fraud amongst Ron Paul supporters, concerns that were heightened following a Republican insider’s claim that the GOP establishment will not allow Paul to win.
The final Iowa vote count normally takes place at state party headquarters in Des Moines, but following dubious “security concerns” about Occupy protesters disrupting the tabulation process, the Republican Party of Iowa announced that it would be moving the final vote count to a secret undisclosed location.
The move occurred despite Occupy protest leaders confirming there were no plans to disrupt the caucuses themselves.
http://sgtreport.com/2012/01/tonight%E2%80%99s-iowa-vote-count-to-take-place-at-secret-location/
Posted by: All fixed | January 03, 2012 at 01:05 PM
Thanks for the last 5 years and I look forward to the next. If I am still here that is ...
Posted by: Finbar Taggit | January 03, 2012 at 03:38 PM
Say Goodbye and Wakeup: I am surprised at the large number of Jewish members of the House and Senate who voted for the defense bill. It reminds of the old Benjamin Franklin quote: Those who are willing to give up some of their liberties for some safety will end up with neither. Dachau Concentration Camp near Munich started life as a detention center for political prisoners in 1933, but is now better remembered for the thousands of Jewish prisoners who perished there from disease, malnutrition and brutal treatment by the guards.
Posted by: Rocky | January 03, 2012 at 04:39 PM