Dave Rosenberg On Distrust In Governments

This is from Dave Rosenberg.

"The fact that you have CDS on Greek sovereign debt blowing out to new highs despite the EU-IMF package is the most telling sign there is now a growing distrust of government spending, manipulation of information, and demagoguery. The only way to regain confidence is to come clean and to then do something about it."

I am not the only one thinking the government is manipulating information.

French Revolution

This one is from Dave Rosenberg:

"...While the congress couldn't find it in its heart to extend unemployment benefits again, it did manage to throw a nice bone to the banks (after all the banks donate more to political campaigns than those in the unemployment line) in the form of a watered-down financial overhaul bill and a major softening of the Volcker Rule."

Wait till people cannot take the ridiculousness of the banks any longer and due to hunger and injustice social unrest starts. The mess weapons of sedation will not work for much longer at this rate as people will not be able to afford TVs. American Idol, LeBron James and Jersey Shore will be the last thing on people's minds when their kids are starving...

This is a great example of "cutting the branch you are sitting on".

Federal (Reserve) Punishment

Today, some people seeing the markets continue to tank in the morning dared to buy around 6k contracts of gold in a relatively short time pushing 5the prices up in the meantime. Of course the Federal Reserve got very upset with this defiant action, so it decided to punish these people for being prudent and came in and sold RIDICULOUS amounts of paper gold to bring the price down ridiculously obviously to prevent a break out above the $1265 level. The Federal Reserve should be punished by the law, but who's listening????

FOMC Day Gold Manipulation

So Federal Reserve manipulates gold. Everybody knows this, But one picture is worth a thousand words. The huge bars that coincide with the big sudden declines without any news happened in a matter of couple minutes for each of them. No one who cares about profits trades that way unless they are trying to bring the price down. And no one who is short and wants to bring the price down is short that much officially except for JPM and even for JPM these are some ridiculous sizes. Fed needs to be abolished or at least put under a leash. This is enough illegal activity - not mentioning the stock market manipulations they do.

Problem With Economists

so krugman at a conference in tel aviv says that inflation isn't a threat and the global economy needs more stimulus according to a bloomberg article. this is at a point when the mountains of sovereign debt is starting to cause a lot of trouble as the debt collapse has already started.

the problem with people on certain payrolls whether they are nobel prize winners or not -other than the obvious bias for favor of their feeders- is that they concentrate on a small portion of the population -the ultrarich that are controlling the majority of assets, especially the stock market- as well as inflation, a meaningless number that is the rate of change. What people need to concentrate on is purchasing power and living standards both of which have been consistently falling with the advent of fiat money. inflation is a meaningless number. Consider a situation where for 5 years prices rise 20% of the initial price, so the total price increase is 100% of the initial year. This is terrible, right? Constant high inflation. Now consider a situation where the first year prices double -an increase of 100%, and for the rest of the 4 years, they are stable. People would think the second scenario is better, whereas in reality you are better of in scenario one if you are part of the majority of the population where you earn wages for your services and do not own that much assets because you can accumulate more assets under scenario one.

An even better scenario is deflation for you where your purchasing power increases. Do not believe the lies that in a deflationary period unemployment rises. Look at history, look at Japan... It is not true. Of course if it is run away deflation and there is too much instability, that is a different thing, but an orderly deflation is welcome for prudent savers as well as the majority of the population earning fixed incomes and are not asset rich. So why are we secretly ruled (think Goldman Sachs aka Government Sachs) by a bunch of rich people that only pursue their own interest and ruining us all. Do these people not realize that by lying about the economy and a lot of other things they are pursuing all of us towards a second global French Revolution????

Michigan Lack of Confidence Number

There is no confidence left in the University of Michigan Confidence number. One can't help, but wonder, where they are doing the survey. Must be the hallways of Goldman Sachs or JPMorgan. With everything going on around the world, as unworldly as Americans are and how blind they are thanks to the horrendous media of the country that is controlled by certain interests, people must have heard of the Greek tragedy and the troubles with sovereign debt and unemployment numbers as manipulated as they are similar to the University of Michigan Lack of Confidence Survey. You're not fooling anybody and these little games will end poorly.

Fed Needs To Be Abolished

Fed is overdoing its gold manipulation and needs to be abolished and people responsible for all the illegal and manipulative operations brought to justice. This is hurting the American people and the world. Fed is practically an extension of Goldman and JPM, the latter of which was fined today by the UK authorities for mingling clients' money with the firm money (memo to those who think these firms are still solvent), and all three are grossly fraudulent and should be shut down and brought to justice.

Forget Flash Crash, Investigate Flash Rebound

I am sick of hearing about the flash crash. They should be concentrating on the flash rebound and who manipulated markets upwards. Flash crash came as a result of the market being where it is due to upward manipulation, gross overvaluation, and everyone being long the same things and a continued pushing things upwards by the quantitative trading momentum shops. Flash rebound on the other hand is the plunge protection team at work. That is ILLEGAL. That is the part that should be investigated. There was no fat finger, there are only fatheads who think there are fat fingers and other lying fatheads trying to blame fat fingers.