jim Rogers on The Federal Reserve

[Shallen13]

This what american deserve to feel they were the kings of this planet,very soon with dollar devaluation and USA collapse,americans would want to move to another countries and they will not be welcome or permited for all the shit they have done to the world,that's it my friends,maybe know you gonna start feeling more humble

[97pattan]

we should create a WORLD DOLLAR with the world leaders to decide on when to print more. Initial value of exchange is equivilant to one US dollar for one WORLD DOLLAR (WD). This way every country's reserve could be immediately convert into WD. After WD is introduced, US dollar will then float freely against WD while Gold would no longer be traded against US dollar.

[kristinraine]

If it will come down to storming the fed and hanging them...it happen to Mussolini ..drag his but to the street and hung em. It's sad but true for greedy people.

[jayangli]

@je5752 the u.s can keep printing more money. could be the only country able to do that.

[TireLift]

when you see this shell game going on it tells us There is No political will left to drive economic supply-side fundamentals because of the fear of earth capacity reaching the limits , think Laws of Physics  ; ht tp: //economix.blogs.nytimes. com/2010/07/26/armageddon-wars­-overpopulation-vs-global-warm­ing/?src=busln

[networkingman]

End the Fed - NOW!!!! Save the US!

[bigc028282]

and where is the info that the fed will not renew it's contract in 2012??

[nakor667]

End the FED!

[secretarul]

FUCK YOU Dude !

I ain't paying that ! Please believe me !

[papaboule]

The fed reserve is not a pawn shop, it's a counterfeitting shop.

[bsg005]

@papaboule Ha ha. Nice.

[bertly71]

By the time people start listening, it will be too late, we will be Greeced.

[delatroy]

Jim is naive to believe that Bernake doesn't know what he's doing :)

what if he's just intentionally draining cash from the public to his banker friends?

[bsg005]

@delatroy In many videos Jim has said that both Greenspan and Bernanke kept helping their friends on you know where.

[iknownothingnow]

Excellent Jim. Telling it like it is.

[rich232399]

sorry jim  ,, Ben knows exactly what he's doing ,,transfer wealth from the middle class to the rich

[lindabebe835]

Love Jim Rogers. He tells the truth. 

[c8ntelope]

I'm sure Jim is aware of the evil nature behind the fed but will only go so far in implicating them as he realizes he would be putting a target on his back.

[campeona5]

END the private central banksters!!

[martinaoe2]

pawn shop.. brilliant

[doobsta]

Jim Rogers...FTW!!!!!

[clearasvodka]

Right on! Bernanke couldn't successfully run a laundry. This guy is helping to sink the world, and what do we do? We put him on the cover of Time magazine and proclaim him a savior. What has happened to the United States? Seriously, I am asking because nothing makes sense. The fox is in charge of the hen house. And we are all going to suffer because of it.....

[NewChristianSoldiers]

"Voting in "New Politicians" whose campaigns are financed by the Federal Reserve and supported by the Jewish AIPAC Lobby and marketed by their Jewish controlled News Media won't change anything in America. For real change you must remove the Zionists who secretly control our "Shadow Government". This can only be accomplished by armed citizen revolution or a Military Coup to deport every Marxist Zionist Jew out of America and the takeover of the Federal Reserve System." Stratfor.com

[KhmerD0g]

jim rogers is way too honest. he calls CNBC a propaganda show which he was a guest on CNBC interview by a news anchor. the new anchor told him to stop trashing CNBC. he is amazing telling the truth. #LOL

[HoFoShAo]

Rogers seems a little naive here. It's not that the Fed doesn't know what it's doing. It's beyond a matter of negligence. Doesn't Rogers realize that the Fed is purely evil with completely sinister intentions of destroying prosperity and rigging the game for the banksters who control it and the corrupt organizations that have grown up around them?

[martinaoe2]

@HoFoShAo He wants to stay credible. The best way to remove these people is to loose confidence and get em ousted.

[HoFoShAo]

@martinaoe2 Good point.

[bsg005]

@HoFoShAo The problem is with the very system of transferring Credit Risk from private transactions, to a Govt. guaranteed Central Bank which only works to save the Banks. In other words, a Central Banking system's survival is based on how much more Inflation it can create. This system will break down sometime in the sense that the currency will get battered. The structure of the system shows that Banks have an unfair advantage over the citizenry in all transactions.

[benytink]

Jim Rogers did,nt start out in life with a silver spoon in his mouth he has worked his a**e off all his life,just a good man that loves the constitution and a true patriot of america,or should i say mericana if the globalists have their way.NWO f**k them.

[Zeldovich]

Rogers doesn't even understand that the Fed doesn't spend tax dollars and can sell these assets at a later date to help reign in the money supply, along with raising reserve requirements.

[Finnbar01]

@Zeldovich Who in their right mind would buy these toxic assets off the Federal reserve?

[Zeldovich]

@Finnbar01

LOL They have some value, stupid. Most of the mortgages in those MBS are performing and a recovery in the real estate market will aid in the recovery of value.

The Fed can always just raise reserve requirements anyway.

[Finnbar01]

@Zeldovich I take it you will be buying some of these toxic assets yourself. Bigger fool you. Also I asked you a simple straight forward question, yet you had to get all defensive over it.

[Zeldovich]

@Finnbar01

I'll buy anything if it's the best value I can find.

And tell me what you think you know about MBS, CDOs, SIVs, etc. Let's see if you even have the first clue as to what you're spewing about.

[bsg005]

@Zeldovich These fancy names for securities are insignificant for me, coz all of them are the same; facilitating transfer of credit risk at the fastest. Of course, one could make a lot of money knowing that the ponzi has to end sometime.

[Zeldovich]

@bsg005

LOL "fancy names" You're just ignorant.

[bsg005]

@Zeldovich I'm not ignorant, I'm super ignorant, otherwise why would I be listening to preachers of the benefits of Credit and the Quantification of Market Risk?

[bsg005]

@Zeldovich Recovery in the Real Estate Market? You mean when the prices are still too high for buyers to come into the market; you mean when the FED keeps giving away cheap money so as to not allow prices to fall and the market to correct itself.

Raising Reserve Requirements? You mean tightening the supply of Federal Reserve Dollars in the system, and thereby causing the already weak economy to suffer another breakdown.

My friend, Central Banking is not an institution worth praising.

[Zeldovich]

@bsg005

I mean when a recovery that leads to a rise in employment will help people actually buy real estate, stupid.

And if the Fed only raises reseerve requirements when we're at capacity, we'll be fine. lol

Since you don't understand central banking, or even that there's no need to capitalize the words, you should shut your goddamn mouth.

[bsg005]

@Zeldovich Your dream of the FED raising reserve requirements will only have any desired impact if the FED first increases rates dramatically and lets the economy restructure will most leveraged firms going out of business. That would help take some of the Inflation out of the system. But if the FED doesn't let firms fail, there will never be a recovery in terms of the Purchasing Power of the Federal Reserve Dollar; such a recovery will only be Inflation driven.

[bsg005]

@Zeldovich @Zeldovich Tell me Mr., what's the use of hoping for a recovery when the wages will have lesser purchasing power? The Central Bank of any nation can destroy the purchasing power that is created by the private sector, but it can never create any purchasing power. There will never be a receovery unless the Central Bank allows people to fail. Somebody has to pay the price for years of excesses, but the Central Bank tries to play God and will not let the recovery happen.

[bsg005]

@Zeldovich If there is an Inflation driven recovery, where the past purchasing power of the Dollar is not restored, only a fool would raise the reserve requirements of banks, unless of course the desire was to create a collapse like the one of 1929, when after a sustained period of Inflation, banks absurdly raised their reserves and left people with no access of the Inflated money supply. Somehow you seems to know a little Central Banking, but no Macro-Economics at all.

[bsg005]

@Zeldovich Before you pronounce the word Central Bank, you may want to understand that wealth is created outside the Central Bank and not inside it. Any Central Bank that does more than clearing Debit and Credit Notes, has all the tools to destroy the wealth created outside it, but no tool whatsoever to replace the destroyed wealth. No wonder the Federal Reserve Dollar has lost more than 95% of its purchasing power since inception in 1913. Central Banking is not worth praising, my friend.

[bsg005]

@Zeldovich You're right, I don't want to capitalize the words 'central banking'. I only wish we don't have central banks. There is no central bank in the history of the world that has not debased its currency, coz the very survival of a central bank guaranteeing the fractionally reserved banking system, depends on how much Inflation it can create without earning the ultimate wrath of the public.

[bsg005]

@Finnbar01 Even if these assets became non-toxic, where is the money to buy all these assets. The FED didn't have the money, they just printed it. If the private sector has to buy up all these assets, they have to tap the Savings of the American people which is practically non-existent. The only way to bankroll the buyout would be to allow a massive expansion of Credit, thereby leading to another big bout of Inflation. The FED is never gona get out of those assets with ease.

[bsg005]

@Zeldovich Firstly, when the FED gives money to the US Treasury Interest is charged. Secondly, the FED collects 'Rent' from holders of Federal Reserve Notes, everytime monetary and qualitative measures are applied. Thirdly, the FED will not exit those assets without creating massive Inflation, coz there will not be adequate Savings in the land, to finance such a buyout, what with all the giant debts that are to be serviced and the lack of a production base to create a balance of trade surplus.

[Zeldovich]

@bsg005

lol You're wrong on every point there.

And money hasn't disappeared, moron. Someone holds the money on the sidelines that can buy Fed assets. And the Fed can always raise reserve requirments anyway.

lmao

[bsg005]

@Zeldovich If you're acquainted with the concept of Purchasing Power of Money, you'd know that even though the money hasn't disappeared, it's value has. All the money that the FED gave the banks at under .25%, is being lent to the Govt. at much higher rates. Since the collapse of 2008, the biggest buyers of Treasury auctioned debt have been the Banks, and not foreign Govts. If you're waiting for Banks to bring money when the economy recovers, it will only be with Inflation.

[Zeldovich]

@bsg005

LOL All that matters is that the economy's recoverred, stupid. Produstivity toward meeting demand is what grows wealth. lol

[bsg005]

@Zeldovich Man's demands can become limitless, but Production cannot become limitless. That is why value lies in Production which is scarce, and not in Demand which can expand infinitely. Your view of reality needs a little tweeking.

[bsg005]

@Zeldovich If it is a little too much for you to understand, I shall not bother you again. It's not a sin to know less.

[Zeldovich]

@bsg005

You know nothing about monetary policy whatsoever, and anyone who does is laughing at you as I am. You probably don't even understand disinflation/deflation.

[bsg005]

@Zeldovich My friend, when people who have set monetary policy since the establishment of the Bank of England in 1694, have never ever gotten ahead of the market on any issue, why would I want to know monetary policy. The only thing that I follow is the Market, coz the Market and only the Market can make or break the monetary policy of a Central Bank. Just for your info, even Central Bankers follow the Market, and not the other way round.

[bsg005]

@Zeldovich Before you throw around economic syllables, ask yourself whether you have even known what a Federal Reserve Note actually means. Ask yourself whether you even know that a person holding a Federal Reserve Note is paying Rent to the Federal Reserve System. Economics does not start with Central Banking; Central Banking is a perverted off-shoot of an economic system that is unsound over the long-term.

[bsg005]

@Zeldovich Throwing around words like Inflation, Deflation, Stagflation, Hyper-Inflation, Double-Dip, Triple-Dip, Inflationary Depression etc., is the not the way to build your reputation, coz you'd be only doing what anchors on TV do. For a real understanding of Economics, you need to know the limitations of a Central Bank that guarantees a banking system that is fractionally reserved. No discussion about monetary policy is fruitful, without knowing the inherent flaws of Central Banking.

[bsg005]

@Zeldovich I could laugh at you as well, but I'm not. Instead I'm just pitying you for being in a time warp that says, 'Central Bank - our ultimate salvation." Really sorry that you're exposure to reality has been stiffled.

[modelmark]

I hope your little girl does not carry an american passport.

[BackedBySilver]

Totally agree Jim. Oh and I dont think you have got to where you are in life by laying about. End the Fed and return to a gold and silver backed monetary system.

[eapoe6]

Jim,

You assume this system can continue. That is a rich man's wishful thinking. Money making money from nothing produces nothing but wealthy lay-abouts like yourself.

[Zeldovich]

@eapoe6

lol