Jim Rogers discusses FED bailout of Bear Stearns

[sosdkny]

Debt COnsumption + Debt Monetization = INFLATIONARY DEPRESSION!!!

[redletterchurch]

Jim Rogers makes huge sense. Our Constitution is sound. Free-enterprise, responsible constructive-competition rules! But our great system is very corrupt. We need to keep the system...but we need to get rid of the bums...and hire more referees!

[breznthunder]

Wow, We bail them out and the tax payers get to pay for it. How about they have to work with the current homeowners, and reduce their loans to what the true value of their homes are today, Not what they created and told us they were worth when we bought it. Wonder if they are going to be as giving as the govt, has been in handing out our money to them to save their .../ when it comes down to us and our homes.

[redletterchurch]

breznthunder: Sometimes I wonder how much of this stuff is orchestrated or corruptly manipulated to make the rich richer...the poor poorer...and get rid of Mr. In Between?! The Federal Reserve and the Federal Government are tightening their grip(strangle-hold?) on what should be really free-enterprise. It almost seems as if this country is being deliberately scuttled. I know I'm paranoid...but that doesn't mean they're not out to get us! Security! Guards! Referees! GAO! SEC! Ron Paul!!! Help!!!

[ITILII]

stop splitting hairs and arguing about minituae.....and LISTEN to Jim Rogers, the guy is knowledgeable and has integrity, unlike the talking air heads on cnbc, msnbc, and especially f*x (fox)

[davincij15]

People need to understand what he means by tax payer money. The Fed simply printed the money for Chase (as a loan) to pay for it. Well if more money is created all money that is in existence is worth less than it did before. This is a silent tax called inflation that occurs 6 - 12 months down the line.

To Learn more

Google

"Money as Debt"

[sh200kr]

you don't know what you are talking about.

[davincij15]

Please enlighten me.

You can't just make a blunt statement and not back it up.

Also Google "Fractional Reserve Banking" it is difficult to understand but it translates to what I have been saying. Basically money is LOANED into existence and removed once the loan is repaid.

[sh200kr]

you are clueless about economy...

watch one documetary and think you know everything...

[davincij15]

If I am clueless then enlighten me.

By the way, I did not say I watched one documentary or that I knew everything. You determined my level of knowledge from my short comment? Wow, I would like to know how you drew such a false conclusion if you don't mind.

[sh200kr]

I did not say you only watched one documetary.

I said you watch one documentary.

Also, we are gonna have deflation soon like the great depression. We are in a period, leading up to that breaking point.

[tbapple]

The belief that the depression was worsened by deflation is precisely why the current Fed is over-correcting this time around.

We all know the price of oil, gas, milk and other necessities have been inflating not deflating, so when will this deflation you speak of happen?

[sh200kr]

no body knows, but now we are in a period, leading up to that breaking point.

It could be tomorrow or year or two from now.

Depression was not worsened by deflation.

inflation do not last forever and gold is not going to go up forever.

[xxx12345yyy]

Deflation relative to real money, which is gold, not paper. During the Depression, paper money was gold, no longer, that is why we are having and will have inflation. imho.

[sh200kr]

yes, we are having inflation. but it will not go on forever. Ben can keep printing money BUT! he can not make people to continue to borrow and spend. look at housing, it is deflating.

[xxx12345yyy]

But he can mail us checks. He can bail out the banks. He can give money to the gov to spend on wars and all sorts of projects. There is no way the US dollar will become more valuable as long as they can freely print it. Come on, think about it.

[sh200kr]

Maybe U.S. dollar disappear. But deflation will come regardless. there was hyperinflation in German before Hilter, but hyperinflation ended with huge deflation.

Whether U.S. dollar disappear or not, we are going to have deflation.

[xxx12345yyy]

But that's what I said..er...or meant to say. I think we will have deflation relative to REAL money, which is gold. Everything will get cheaper relative to gold. It's sometimes hard to think about, but all these things are relative to each other. Just make your starting point be gold and measure everything to it. If you make your starting point be the US dollar, it's sort of like trying to figure out the rotation of the planets relative to earth but believing that they all revolve AROUND earth