Posted on 05/05/2013 11:02:50 AM PDT by blam
ROSENBERG: The Fed Is Trying Like Crazy, But Nothing It's Doing Can Save The Economy
Sam Ro
May 5, 2013, 9:28 AM
David Rosenberg, the veteran Wall Street economist and and bearish strategist at Gluskin Sheff, gave an intense presentation on Friday at John Mauldin's Strategic Investment Conference.
Titled "Bernanke: The Wizard Of Potemkin," this presentation offers a sobering look at the anemic U.S. economy, the labor market mess, and the Federal Reserve's controversial efforts to get everything back on track.
Before you can even think about getting bullish, you must consider the eye-opening charts from Rosenberg's presentation.
Thanks to Gluskin Sheff for giving us permission to feature this presentation.
(snip)
(click to the site yo see the presentation)
(Excerpt) Read more at businessinsider.com ...
Please point to the enumeration for this power (central government control over the economy) in the constitution.
MAULDIN: Bernanke And Friends Are Setting The Stage For An Avalanche Read more:
The bridge has dialed up warp 10; but we are falling into the black hole anyway.
It ain’t there, Boss ...
Constitutionally Enumerated Powers of Congress ...
Section. 8. The Congress shall have Power
To lay and collect Taxes, Duties, Imposts and Excises, to pay the Debts and provide for the common Defence and general Welfare of the United States; but all Duties, Imposts and Excises shall be uniform throughout the United States;
To borrow Money on the credit of the United States;
To regulate Commerce with foreign Nations, and among the several States, and with the Indian Tribes;
To establish an uniform Rule of Naturalization, and uniform Laws on the subject of Bankruptcies throughout the United States;
To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;
To provide for the Punishment of counterfeiting the Securities and current Coin of the United States;
To establish Post Offices and post Roads; To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors the exclusive Right to their respective Writings and Discoveries; To constitute Tribunals inferior to the supreme Court;
To define and punish Piracies and Felonies committed on the high Seas, and Offences against the Law of Nations;
To declare War, grant Letters of Marque and Reprisal, and make Rules concerning Captures on Land and Water; To raise and support Armies, but no Appropriation of Money to that Use shall be for a longer Term than two Years;
To provide and maintain a Navy; To make Rules for the Government and Regulation of the land and naval Forces;
To provide for calling forth the Militia to execute the Laws of the Union, suppress Insurrections and repel Invasions; To provide for organizing, arming, and disciplining, the Militia, and for governing such Part of them as may be employed in the Service of the United States, reserving to the States respectively, the Appointment of the Officers, and the Authority of training the Militia according to the discipline prescribed by Congress;
To exercise exclusive Legislation in all Cases whatsoever, over such District (not exceeding ten Miles square) as may, by Cession of particular States, and the Acceptance of Congress, become the Seat of the Government of the United States, and to exercise like Authority over all Places purchased by the Consent of the Legislature of the State in which the Same shall be, for the Erection of Forts, Magazines, Arsenals, dock-Yards, and other needful Buildings;
—And To make all Laws which shall be necessary and proper for carrying into Execution the foregoing Powers, and all other Powers vested by this Constitution in the Government of the United States, or in any Department or Officer thereof.
Rosenberg is a paid liar. The economy is growing. Betting against it is for the have-nots to lose what little they don’t have.
Maybe they should try getting out of the effin way
I hear financial analysts point to ‘uncertainty’ as a cause for our current economic doldrums. Well, anyone who understands what the ‘Progressives’ goals are, is not uncertain as to what’s going on.
I recall a chap years back saying, tongue in cheek, “The constitution may be flawed... but its a whole lot better than what we have now.”
And that was the truth. Whatever is guiding our nation today is certainly not the constitution.
I saw an old friend from California (a totally bankrupt state with $$$ Trillions in PERS pension debt it cannot afford LOL !) and asked him about the MERS scandal. He acknowledged that MERS is a total fraud but said he just refinance his luxury home for 3.25% over th next 30 years and does not want to pay it off even though he could do so with cash. I said, "At least you understand the house of cards is teetering."
We both laughed, especially when I said China and India and Russia may end up owning our coutry by default when everything comes crashing down. We both are 68 years old. Only a few more years of high living are on the horizon.
Let the next generation kick the can down the road (if they are still abe to do so).
LOL !
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.