Jim Rogers: Why would anybody listen to Bernanke?

[riverlioness]

Bernanke is a nit wit. I am familiar with Ben Bernanke's microeconomics. The nature of microeconomics is utilitarian, and he violates the nature by asking whether markets are fair. Bernanke provided serveral examples of price ceiling failures: heating oil surplus and rent control, yet on the same page swears upon both of these government interventions helping the poor. How does a market help the poor if no one produces a good? Failed markets assist no one, but Bernanke stands by failure.

[HeadoftheFed]

I'm with the government and i am here to help you.

Resistance is futile.

[Diazt3r]

yay lets bailout more companies by spamming the create money button :D! hey lets lower interest rates too! so money becomes even more worthless yay :D

[clnow709]

He is so right, why would anybody in their right mind listen to Bernanke or Geightner, I think people like living in denial about things, like somehow the problem will go away if they cover their ears, La La La.

[SuperTB4]

Japan, on the other hand has politically no military agenda since WWII, since it is legally bound to never be able to wage war. It has a small military that has the soul purpose of defense. thus, no heavy industrial governmental support.

[Luigi84289]

We have conquered Japan. We allow them a Government but we are in control. The fact that they can't wage war is proof. Mirror that on us. Not being able to wage war is having no freedom.

[SuperTB4]

Are we in control of Japan? that´s new to me. oh course, they are our allies, but did japan send troops to afghanistan and Irak like we asked them to? no. I think Japan simply doesn´t want to go to war. What about proping up the dollar all these decades so they could import their cars cheaply in the U.S. is that in the interest of U.S. car companies? maybe the real freedom is not to have to go to war.

[Luigi84289]

you misunderstand. We are in control of japan in the sense that they have to go through us to do everything. We are just allowing them the illusion of freedom. If they were truly free they could amass a huge army like us and wage war. After 1945 we conquered that land and instilled bases to keep watch all the while letting the people go on with their lives and keep a small military for their own protection. Things aren't what they seem.

[SuperTB4]

well, we have two different opinions that lead to the same conclusion. the point is that Korea and Japan do bail out their companies, just in different ways than how we are doing it. And, I am not advocating that we bail our banks out by indebting ourselves even more.

[leonidas512]

@SuperTB4

So if i understand correctly, the give the US money so they can buy Japanese cars,thereby earning their own lended money back, sounds combersome to me! Why not increase welfare checks to prop up the economy? Another logical fallacy!!

[SuperTB4]

I ment that Japan is hording USD to increase the demand curve to make it more expensive and thus the yen cheaper which makes japanese products in the US cheaper.

[SuperTB4]

south koreas economy was´t bailed out in the same way the US bailed businesses out. however, most all of its heavy industry is a state commodaty due to military reasons.

[ride446]

I love how @ 2:08 Rogers finishes his argument and then dipshit says "Jim, um. . . lets talk about how the markets are functioning elswhere. WHAT THE FUCK!!!!!!!!!!! Nice way to dodge the question.

[slugga06]

i wonder y this video is no longer available... anyone know where i can see it?

[danno321s]

USA Stock P/E's look attractive until earnings collapse, then they don't look so good. With murky rules, the market will not function efficiently. Expect worse than the '70's: inflation and contraction. Thank you once again government!

[chrisdorman]

bernanke is a crooked cunt, hes a fuckn jew, whose robbing americans and de valueing the dollar by systimatically printing and creating money from fresh air. brilliant video lol

[Taffer20]

I know what! Lets go back to the gold standard and have deeper recessions, lets have no growth in wealth, no liquidity in the market, lets have another Great Depression! And better yet we will blame it on the Jews!

[frellthat]

Notice that his "fuckn jew" comment has actually been rated UPward by the viewers of this video...

I really hope the right wing keeps this up. The American people have overwhelmingly rejected this kind of free-market capitalist delusion. The more they advocate it, the more they marginalize themselves as a party of fools.

[FantomShadowz]

the depression fell under the reserves watch. the gold standard can enable deflation(something big bankers dont want-they prefer raping the ppl) lastly yes most of these bankers are jews so some ppl believe they dont have patriotic virtues

[Krampfarsch]

i like that guy! the first billionaire i really like!

[zenartanis]

Jim IS a legend indeed!

[prmd142]

"i don't vote in china...."

WTF!! nobody votes in china!!!!

[justgetsome]

That's not true. The chinese hold elections, they just happen to have one party.

Don't believe everything these mainstream media outlets barf to you. The chinese are free to do, go and start any kind of business they wish. They have a free market economy; north america certainly does not.

[prmd142]

USSA: United Socialist States Of America ;)

[Farsay]

WTF? South Korea got a huge IMF and World Bank bailout... what is he talking about??

[justgetsome]

Yes...and we paid it back within a year. Most of the companies that had insolvency problems weren't saved.

[caitubes]

Republicans always expand the liberal programs started by dems.

Special interests get hand-outs, whether they be rich or poor.

It is the working-class that is effed in the arse.

The reps and dems who "get it" need to start a third party.

TPTB stay in control b/c we are busy partisan fighting with each other.

Who controls the federal reserve, anyway?

Follow the money.

[jjmdirector]

"you should watch cncb" great man!!!

[controlpopulation]

Americans deserve what they get. Even when Ron Paul warned them in the debates, they all laughed at him like he was nuts. Guess who's laughing now?? When their 401k's are down to zero maybe just maybe some of these mummies will wake up.

And remember most of America still thinks either McCain or Obama are the solution to our problems! Our society is sick and there is no cure.

[zippychef]

"Americans deserve what they get"... wtf are you talking about? The entire world depends on the US economy. So if they get it, we're going to get it too.

[controlpopulation]

Lol... The entire world only thinks they need the US economy. One day, AND SOON, they will realize that propping up our currency and sacrificing their standard of living by selling us their goods, just isn't worth it. As I said, Americans will wake up when their 401k's are down to zero and when they realize our gov't is full of shit. Stupid people must learn the hard way, unfortunately that is 85% of America.

Prepare for more war, thats the only thing the US is any good at anymore, maybe.

[Joeey]

You drank the koolaid and are every so ready to trade ethics for ego. Guess what?

[phaestor]

Bush is a closet socialist. He has snuck socialism into the US. Chavez and Castro have praised Bush recently. On another note: Why hasnt Bernanke been fired, him and Paulson?

[NeoTheo2]

I never do get these such and such is making us into  socialist. Wake up, we have been half socialists since 1930. It's just that the people don't get the benefit but the wealthy do. The people get handouts and servitude. But then again, they line up for it.

[IInformYou]

Bernanke and the Federal Reserve are parasites. Arrest the parasites and fumigate their nest.

[straightupbrah]

China is going to be the next super power and when more and more Chinese get wealthier they are going to demand more and more freedoms look to see in 10 year that the Chinese electing their own officials

[IInformYou]

And Britain and America made that possible, with their subservience to international Rothschild finance and fake currencies.

I think it amusing that both countries will collapse into irrelevancy in this century.

[JackNeedles]

This will be the worst depression the entire world will ever see. We WILL have hyperinflation, without a doubt. But not just that. There will be a global collapse because now the whole housing market has hurt the banks and these huge financial institutions going under has now hurt the CDS market, which is worth over 50 trillion bucks...thats right. And these credit default swaps wil knock down all of these fat-cats like dead flies, then effect the credit derivatives market.

[Paetaor]

Hello Hyperinflation.

[DJEndres]

-----Original Message-----

From: CNN Breaking News

Sent: Fri, 3 Oct 2008 1:30 PM EDT

The House has passed the economic bailout bill 263 to 171.

[ircjunk2004]

Unfortunately, Chinese also don't vote in China...:(

[Sepero1]

True. When going from the US to China, you trade your vote for freedom.

[CurtHowland]

When the Chinese government finally figures out the income tax, China is going to grind to a halt too.

[findingthepath]

Very possible. Rogers relates China to the early 1900's USA.

[mutualfunmanager]

So what Chinese don't get to vote for their leaders? Look at the quality of leaders people voted to put in office in America. Many of the Chinese leaders are engineers. They are practial, they solve problems. I'd bet on them over a bunch of lawyers in our political system.

[yakyakyak69]

Corporatism LOVES Socialism!

The world needs confidence in the US $Dollar NOT more hyperinflation & Debt! We need LESS US Central Planning, MORE oversight and a REAL free market.

MORE fiat US $Dollars & Credit will encourage more Wall Street greed will further debase the currency, end confidence in the $Dollar and cause a MUCH larger collapse later!

Real Estate & the stock market MUST be allowed to return to their TRUE value NOW before the problem grows any larger!

Bailout? HELL NO!

[biggywebby]

You better be wear!! Your civil liberties are been taken away. No free speech!! They are robbing us blind!! It's not about black or white!! Its about rich or poor!!

WAKE UP !! WAKE UP AMERICA PLEASE!!

[jellybeing]

Remember this the next time you go to vote.  Get involved. VOTE. Campaign against the incumbents. Let them know you are not going to put up with this shit anymore. We need to make our presence known within the system.

[Kheskeim]

Fantastic replies from Rogers. History will repeat itself, but this time those who created the shit should be made accountable.

[FelipeSparx29]

these guys lie under oath, does not surprise me, fuck em!

[freedomfighterone]

These Fed people are criminals and need to be arrested.

[loveisthevehicle]

I wish we had more people like Jim Rogers in government. He's a straight shooter, and tells it like it is.

LOVED IT when he said (re: Paulson/Bernanke), "Why would anyone listen to them? They've been wrong all the time."

So why do some gov't members listen? It's because they are SELL-OUT'S TO BIG BUSINESS.

[wackdeafboy]

and ron paul too :p

[Tasadaru]

Jim really hates idiots. Makes fun of them all the time.