David Rosenberg On The Depression, The ECB, MF Global As A Canary In The Coalmine... All With A Surprise Ending

Tyler Durden's picture

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lewy14's picture

Surprise, !3!+<h3z.

trav7777's picture

Rosenberg is delusional...thinks a political change can fix it.  Or that we'll just muddle through then growth will reappear.

Economists are clueless.  they can only think inside their fishbowl and with hindsight.

Oh regional Indian's picture

Everyone is delusional. Including you. 

No one, NO ONE in the MSM can call the spade for what it is.

A GIANT LIE. Built on spurious foundations.

Designed to fail. Big time. And all controlled by a bunch of men in black, favouring buggery.

Quite the world. All these rosy glasses crowd needs to zip it. Or tell it like it is.

ORI

Caveat Emptor

Vic Vinegar's picture

Nah dude Trav ain't delusional.  

You just seem to want to blog about how you have the world figured out when it's anything but how you perceive it to be.  But keep up with your nonsense.  We all know you will.

gangland's picture

bingo! dude has never posted w/o linking to his lame gibberish egotistical narcissistic web page.  trav is delusional tho. "smart" as such things go, but mos def de-fuking-lusional.

 

and don't try to junk me, 'cause you cain't bichezzz!

identify bichezzz!

talking to you internals

data_monkey's picture

I only junked you 'cause you said I cain't.

Seems to work just fine.

living on the edge's picture

Too bad you can't junk rosie. He is one of them. He puts his own little twist out there saying we are in a depression but then compares the current situation to 1980. Claims to be a bear but we will have a bright future. Insanity. So here rosie is some constructive criticism:

Fuck your bonds

Fuck your economic gibberish

Fuck giving more power to the European Central bank

Fuck QE in Europe

Fuck your love affair with the US monetary system (It is built on fraud)

Fuck your imaginary Fairy Tale ending.

 

Rosie, with all due respect, you are the canary in the coal mine.

 

oddjob's picture

Spot on. Rosenberg is the system. I'd like to add Willy Webb is a fat arrogant piece of shit that thinks the world owes him endless pizzas with triple cheese.

High Plains Drifter's picture

besides he is an economist. what should we expect?

redguard's picture

It's a sinking ship. Learn to swim

Oh regional Indian's picture

Well Vic, the illusion is being stripped away, bit by bit. So many revelations...so many of them shocking, why do you think it will stop at this point? 

Not that I am any authority, but who are you to say where the rabbit hole ends? So the FED is illegal, but the foundign fathers were saints? 

Ever heard of the Unnam Sanctam (yes it's spelt that way), Vatican trust? Don't like the fact that you are just a number? UCC exists or doesn't it? Does DC have it's own govt. and special laws? 

Your citizen-ship is precisely that. Vassal on a vessel at the pleasure of the captain. 

It helps to dig for the truth your-self. You and gangland below.

ORI

Hook Line and Sphincter's picture

Resisting the pontiff is one thing.

Resisting the advances of a cardinal who is 'happy to see you' is quite another.

zhandax's picture

Read between the lines; they both agree it required the Civil War to allow the federal reserve system (aka fiat printing) to work in the US.

spankfish's picture

Henry Clay's American Plan.

LawsofPhysics's picture

Yes, and it will take another civil war to replace the Federal Reserve.  Life is what you make it.  Nature and the laws of physics make no promises regarding anyone's survival or quality of life, to think any man-made institution can can fullfill such promises is exponentially stupid.

The more things change, the more they stay the same and even the best laid systems work so long as the rule of law is applied to all who labor under that system.  The financial paper-pushing fucknuts will be their own undoing as the faith in paper continues to erode faster and faster and compensation will return to people who are actually worth a shit.

Infinite growth in a world with finite resources is impossible, something that no eCONomist ever wants to talk about.  So get off the couch and get out there and compete, you really don't have any other choice (get busy living or get busy dying because on a long enough timeline...)

Sudden Debt's picture

Another civil war? Who would fight who?
I don't hate anybody, i only hate policies that conflict with those which i find to be right. But i wouldn't club anybody on the head for it.

But sadly i must concur that when you look at what police forces are willing to do "because it's their job" that I'm probably wrong in my thinking that there won't be any civil wars in the future.

LawsofPhysics's picture

When your survival is on line, you might be surprised at what you would or wouldn't do.  Some will survive others won't  that is essentially the only choice one must ever make.

Ahmeexnal's picture

in any war, it's always sheeple vs. sheeple doing the fighting and the dying.
the power elite sit by and watch while eating popcorn.

kaiserhoff's picture

But SD, before you could have a civil war, some one would have to put Belgium together as a country;)

i-dog's picture

It won't be a civil war (north against south, or catholic against protestant, or black against white, or....) ... it will be a revolution - the people against the ruling predators!

Of course, there will be isolated pockets of looting by the have-nots of their neighbouring have-a-littles but, overall, it will be the banksters, politicians and major fraudsters that will decorate the lamp posts. It's the only way we will achieve a system reset to a new paradigm.

daxtonbrown's picture

Here's a whole book on what a modern civil war will look like. And no, it won't look like CWI, but it will be over slavery - debt bondage. The wars already started, that's what OWS and the Tea Party and the unions are all about. http://www.futurnamics.com/civilwar.php

DeadFred's picture

"banksters, politicians and major fraudsters that will decorate the lamp posts"

Hmmm.

<daydreaming>

Pumpkin's picture

The people against the bankters! 

Tater Salad's picture

"People against the banksters!"...really?

So if the speed limit is 120 on the highway, you drive that fast and eventually you crash and kill somebody.  Who's fault is it?  Is it your fault for driving the speed limit or the state's fault for setting the guidelines?  I think you know the answer.

Case in point; the gooberment set the guidelines, the banks played within those guidelines and now we're all f'd because of it.  I will say though, I know bankers (retail/commercial guys etc) and I find it strange that all of these people are being labled as evil, corrupt, and worthy of being destroyed.  That is what you call a mass generalization, and is as predjudice as me saying Obama is a dip shit because he's a black. 

So, I blame three parties when all is said and done.  Sure, there were plenty of "Mazillo" types out there that committed fraud and guys that gave loans to people that didn't know what they were signing up for.  I blame Barney Franks, the liberal sodemist that orchestrated the community reinvestment act which masterminded alt-a, sub prime, NINJA and "no doc" loans and lastly, I blame YOU if you took out a loan you couldn't afford to pay.

Pegasus Muse's picture

"... the gooberment set the guidelines, the banks played within those guidelines ..."

But the gooberment is owned lock, stock and barrel by the Banksters, who wrote the laws their toady politicians passed, wrote the rules their regulators adopted, and played fast and loose on a financial playing field with no referees.  They are evil and corrupt. Hang the banksters.  Hang the politicians and the regulators and MSM Muppets who promote their BS and hide the truth from the public.  

Seer's picture

"So if the speed limit is 120 on the highway, you drive that fast and eventually you crash and kill somebody.  Who's fault is it?"

The banks were given this speed limit and they did it.  You're arguing that liberal queers CAUSED these poor innocent bankers to put a gun to their heads and write loans to people who couldn't afford them.  OK, one could, pardon the pun, go either way on this.  BUT... but then the banks repackaged what they KNEW was shit (they knew they were driving recklessly) and RESOLD it as AAA-rated!  And on THIS point your argument completely is toasted; unless, that is, you can trace this all back to laws that stated that banks MUST engage in lying and cheating, but I'm not thinking that this will be the case (no more than the Executive Branch admitting that it is aware of illegal covert operations).

FrankDrakman's picture

Wow, what a string of invalid and ridiculous arguments.

First, your speed limit argument - if you're driving the speed limit AT ANY F***ING speed, and you crash and kill someone - which you could do at 30 mph, let alone 120 - how is that NECESSARILY the government's fault? Maybe you were drunk or on Oxy, or maybe you had to swerve because the idiot with the cereal box driver's license in front of you cut you off, forcing you to veer into another lane and lose control, or.. or.. - there are dozens of reasons why the crash might be your fault, or some other driver's fault. Note that people regularly drive 120 mph on the Autobahns in Germany with lower crash and fatality rates than on US highways. This argument is junk.

Second argument: the banks played within those guidelines. Which guidelines are those? Please show me the guideline that says "You can take untold numbers of worthless mortgages, sold to people with no income, assets, or documentation, and repackage those as AAA bonds to KNOWINGLY be fobbed off on unsuspecting pension funds". Please show me the guideline that says "You can take on unlimited off-balance sheet risk through the use of derivatives such as credit swaps, AND NOT TO HAVE TO WORRY BECAUSE WE WILL BAIL YOU OUT IF THEY GO WRONG". This argument is junk.

Third argument: you find it strange that "all these [bankers] are being labelled as evil, corrupt and worthy of being destroyed". That's because you're an idiot who doesn't realize that "bankers", for most people in this context, does not mean the guy down the street at the Second First Bank of Albuquerque, it means the a**holes at JPM, Morgan Stanley, Bank of America, Citi, and of course, the squid. Those are the turds who screwed up everything, not local bankers. As I've said here repeatedly, in a just world, those banks would be the "bank" in "bankrupt", Dimon, Blankfein, et al would be out of jobs and being sued, and in a truly just world, facing federal lawsuits, and getting set to join Bernie in the pen. This argument is junk.

Wanna try posting again when the peyote wears off?

FrankDrakman's picture

Wow, what a string of invalid and ridiculous arguments.

First, your speed limit argument - if you're driving the speed limit AT ANY F***ING speed, and you crash and kill someone - which you could do at 30 mph, let alone 120 - how is that NECESSARILY the government's fault? Maybe you were drunk or on Oxy, or maybe you had to swerve because the idiot with the cereal box driver's license in front of you cut you off, forcing you to veer into another lane and lose control, or.. or.. - there are dozens of reasons why the crash might be your fault, or some other driver's fault. Note that people regularly drive 120 mph on the Autobahns in Germany with lower crash and fatality rates than on US highways. This argument is junk.

Second argument: the banks played within those guidelines. Which guidelines are those? Please show me the guideline that says "You can take untold numbers of worthless mortgages, sold to people with no income, assets, or documentation, and repackage those as AAA bonds to KNOWINGLY be fobbed off on unsuspecting pension funds". Please show me the guideline that says "You can take on unlimited off-balance sheet risk through the use of derivatives such as credit swaps, AND NOT TO HAVE TO WORRY BECAUSE WE WILL BAIL YOU OUT IF THEY GO WRONG". This argument is junk.

Third argument: you find it strange that "all these [bankers] are being labelled as evil, corrupt and worthy of being destroyed". That's because you're an idiot who doesn't realize that "bankers", for most people in this context, does not mean the guy down the street at the Second First Bank of Albuquerque, it means the a**holes at JPM, Morgan Stanley, Bank of America, Citi, and of course, the squid. Those are the turds who screwed up everything, not local bankers. As I've said here repeatedly, in a just world, those banks would be the "bank" in "bankrupt", Dimon, Blankfein, et al would be out of jobs and being sued, and in a truly just world, facing federal lawsuits, and getting set to join Bernie in the pen. This argument is junk.

Wanna try posting again when the peyote wears off?

Fred C Dobbs's picture

The banksters have the government and the government has the power.  A lot of power.     

Hansel's picture

So confidence in paper is eroding, but go out there and 'compete,' which I'm guessing means to sell one's life for paper?  Does not compute.

High Plains Drifter's picture

they can eat the wafer but can't drink from the cup............

Bartanist's picture

OrI - the question is "why is the illusion being allowed to be stripped away?"

We should most likely have no delusions that "we the people" are winning or that they are losing unless you believe that the old guard that were carryovers from the last age were destroyed in the battles seen over Nuremberg and Basel and that all that remains are their minions and decendents of their minions.

Basel and Switzerland, odd place, no?!? Home of the BIS, with its ziggurat motif buildings, is always excluded from every war, the more quiet center of banking than the City of London or Wall Street. Swiss guards, guard the pope...

I have my (admittedly weak and unsupportable) theory on why the illusion is being allowed to be stripped away. It has to do with the cyclical 4 ages: Golden Age, Age of Reason, Age of Giants and Age of Chaos. My theory is that the order is classically stated incorrectly and that the actual order starts with the Age of Giants and ends with the Age of Reason... and that also loosely relates to the Vedantic four stages of a man's life... the giants (old pantheon of gods) representing our parents.

As it has been widely told, we are nearing the end of the Age of Chaos ... soon to be followed by a new Golden Age.

Round like a circle in a spiral ... blah, blah, blah.

Oh regional Indian's picture

No Blah blah there Bartanist. Of course the cycles are true. And they repeat/rhyme regardless of how we feel about them.

And yes, there is a new age of reason dawning, because it is always darkets before the dawn.

And yes, I think Switzerland IS templar nation. Seems obvious, red cross, secret banking cabal, guarding the pope too... something strange about Switzerland for sure.

I for one am glad to see the edifice of illusion crumble. 

ORI

Bob's picture

OT, ORI, but I just came across what strikes me as some extremely hot info.  I hope you won't mind my inserting it here, my friend. 

Big Stuff for Americans who attend to the troubling growth of our Police State:

http://www.nationofchange.org/funders-behind-nypd-s-mysterious-private-c...

i-dog's picture

Alex Jones ... The American Voice of The Vatican!!

buyingsterling's picture

Brilliant sarcasm. Jones is more man than everyone who comments on this site. Junk away, we all know it's true.

i-dog's picture

No sarcasm at all ... solid fact. I was also a supporter of Alex until I found out who is backing him and who he is covering for. It's easy to be a brave loudmouth when you know who's got your back.

Seer's picture

" Of course the cycles are true. And they repeat/rhyme regardless of how we feel about them."

No!  There's NO guarantee that stuff will cycle.  Many things that are lining up today have NEVER happened before.  We've never had the globe totally populated (7 billion people), and we've never had it so well exploited.  I hold no illusions that humans do what nature does, and that's that they consume and move on.  Problem is that there's no more "move on to" places, there's no new worlds and peoples to conquer in order to replenish resources: well, OK, that's what wars are for, but my point is that there's no peaceful way forward.

Have said all this I WILL add that the earth does have cycles left in it, and the next glacial period WILL cycle again.  I'm betting that when this happens our silly little human cycles, like recessions and booms etc, won't be occurring anymore (or such that anyone will remember them).

Hobbleknee's picture

But did you put the pellet with the poison in the vessel with the pestle?

 

http://www.youtube.com/watch?v=LS75NtlH3gI

nihilist's picture

He's a pontificator extraordinaire.  Seems to like to sanctimoniously poke holes at people's opinions then proceeds to provide shameless promotion of his inconsequential blog.  Sad part is I clicked on it once, so i was probably one of the 10 hits he has on his blog.  That's when I realzed that this all seeing oracle spews out nothing but fantastical B.S.

Gully Foyle's picture

Oh regional Indian

Some of us broke our teeth on shit like the Illuminatus Trilogy and None Dare call it Conspiracy and Holy Blood Holy Grail nad the ties the mob and Masons had with the Catholic church ending in Calvi's strange death.

People forget the OLD WAYS and SYMBOLS still exist and are in use.

Why do you think Osama was killed on MAYDAY? ( Alright he was already dead for a couple of years and it was all just a SYMBOLIC shadowplay on so many levels).

There must be some way out of here
Said the joker to the thief
There's too much confusion here
I can't get no relief
Businessmen they drink my wine
Plowmen dig my earth
None of them know along the line
What any of this is worth

No reason to get excited
The thief, he kindly spoke
There are many here among us
Who think that life is but a joke
But you and I, we've been through that
And that is not our fate
So let us not talk falsely now
Because the hour is getting late

All along the watchtower
Princes kept the view
While horsemen came and went
Barefoot servants too

All I got is a red guitar
Three chords
And the truth

All I got is a red guitar
The rest is up to you

There's no reason to get excited
The thief, he kindly spoke
There are some among us here
Say that life is just a joke
You and I, we've been through that
And that is not our fate (at least today)
So let us not talk falsely now
Because the hour is getting late
Late...

Bartanist's picture

There are problem for those who have decided that they are in charge and they admit it. (Quote the Zbig) It is easier to kill a million people than to control them.

Things like Unam Sanctam and the corporate state are well known by those who look for them, but all of those things simply boil down to who has the bigger stick and/or who has the most ignorant servants to do their bidding.

I CAN DECLARE THAT I AM THE GOD ANNOINTED SUPREME EMPEROR OF THE WORLD FOR LIFE (and all of my heirs, blah, blah, blah)... too. But to do so would be meaningless without the power to back it up (Recall that Philip IV would have none of Boniface's B/S), if I was so inclined. So what happens when multiple self-appointed supreme emperors of the world exist and they all create their petty admiralty laws that make every other power illegal, what then? There is conflict because power is always jealous and fearful... as well as vain. (personally, I am more at peace when free of jealousy, fear and vanity)

Most people strive to be free because that makes them at peace with themselves. However there are many perceived avenues to this freedom and since we also have tribal/social instincts, IMO, most people find their freedom through rationalization of their current relationships. We in the US tend to substitute a better class of slavery for freedom because of the comforts it affords ... and yet one wonders if the politicians, media types and bankers secretly hate themselves (if they ever had the brains and the will to reflect)!?!

What constitutes ownership? Is the slave master really the owner of the slaves? What really is the difference between being a legal tenant on the land that I live and owning it? I get the use of my body and my land and the "so called" owner simply has a bigger army (more power) which he uses to steal from me. He owns nothing except the perceived power and that power that is ceded to him by others. Every consequence of his ownership is simply theft at the point of a gun.

disabledvet's picture

"Americans have the right to send anonymous love letters." Senator Susan Collins. That is an ACTUAL freedom. The answer to the statement "it's easier to kill a million than control them" is "no, it's not" and only goes to show how ignorant Zbigniew Brezinski is. With the modern media hundreds of millions can be controlled with ease. The question therefore is "can human beings exist under such control."

Marco's picture

What constitutes freedom? What is really the difference between being born to parents who own no land in a country without upwards mobility (ie. feudalism, which is what the US is rapidly heading towards ... which would only be accelerated by reducing the size of government at this point) and slavery? There can be no true freedom in an overpopulated world ... lebensraum can only be gained by denying others the same thing, tyranny of power ... not freedom.

 

In a world of limited resources we can't deal in freedom, only equitability.

Seer's picture

"We in the US tend to substitute a better class of slavery for freedom because of the comforts it affords"

We in the US tend to substitute a better class of slavery for freedom because of the PERCEIVED comforts it affords

Fixed! (remember: cognitive dissonance lurks everywhere!)

High Plains Drifter's picture

do you think hendrix was murdered?

WestVillageIdiot's picture

Sorry, Drifter, but you just won the prize for stupidest question ever.  Along the Watchtower was written by Bob Dylan, not Jimi Hendrix. 

High Plains Drifter's picture

http://vigilantcitizen.com/musicbusiness/amy-winehouse-and-27-club/

 

well i will let the vigilent citizen break it down for you real easy.  vc works in the biz. he won't say where or what. but he knows a lot of things that go on the biz . all i can say is there is some weird stuff going on in show business..........

 

i recently posted something on operation chaos that was a cia infiltration operation going on in the 1960's etc, where they infiltrated the "peace " and "anti war" movement.  they were the ones that started pushing drugs on the performers etc............

and i believe such things continue on till today . 

 

if you remember recently 

 

randy quaid said someone was trying to kill him. when someone who is not acquainted with satanic hollywood etc would at first blush think that quaid is off his nutt...........but perhaps not.......

http://www.youtube.com/watch?v=aFXQKZJB8YY

 

 

 

then again recently 

dave chappelle was talking about how people in hollywood were wanting him to do strange and weird stuff and he refused to do it.....

 

http://www.youtube.com/watch?v=iHpsiSSNapQ

 

i for one always thought that hendrix died as they said he did. i never really gave it much thought , but not , not so sure anymore. 

Bob's picture

HPD, you're just the vigilant guy I was looking for.  Seriously.  Glad I didn't have to read hrough the full thread for ya . . . though it appears I am missing out on alot of truly brilliant discussion today.  I gotta duck in and out, I'm home sick as fuck with the flu, but what do you think of this:

http://www.nationofchange.org/funders-behind-nypd-s-mysterious-private-c...