Jim Rogers on the China Bubble

[edsanville]

What Jim Rogers says is just common sense. The Keynesians and monetarists love to clothe their backwards opinions behind mathematical equations and models that don't relate to reality. Governments love what they prescribe, and when it doesn't work the Krugmans of the world fall back on the same story: "we didn't spend enough."  I'd love to see Krugman's household finances if that's how he thinks!

[randomdude5640]

As long as China's economy is based on being an export juggernaut then it will never truly be stable. :P

Really though if they were that big of a problem the US would do business with someone else. Most of China's income originates from the USA.

[cunnidvd]

recovery will be n shaped

[baigandine]

And no China, you can't get away with the same dumbass real estate speculation that failed in the US.

[baigandine]

China WILL have recessions, the same as any rising nation!

[johnnyDgoode]

The message the chinese govt is sending to it's people bascially is that if you want to specuate or gamble on the housing market, use your own money instead of borrowing from the banks.

[johnnyDgoode]

Unlike the US, Chinese govt does intervene the markets from time to time as they see fit, especially the housing markets. The housing market in China has appreciated more than 200% in the last 5 years which is very much like the US in 2007. This was also caused by excessive speculation of the market by speculators. Now the Chinese govt is stepping in with new rules to control the speculation before the bubble gets out of control.

[StrafingMoose]

@johnnyDgoode

If there's a bubble, the control has already been lost. Governments only try to make the bubble last as long as they can.

[harrybath]

@johnnyDgoode are you kidding the USA interferes in markets all the time, ever heard of the plunge protection team ?

[beancube2010]

Chinese doesn't see money as contracts and religious doctrines. They see it as replaceable tools and technology that those laid back Western world doesn't understand themselves. British Empire economic philosophers brainwashed the world and used too much laws and language layers to hide their use of money as weapons behind military and drugs that becomes so obvious now-a-day to all Asians. They all see the Empire has no loyalist anymore.

[chrisblueworld]

The China bubble does exist!

[nawkrm]

Jim is absolutely right. US is not qualified to tell any other country how to manage their economy. Look at the mess US made in the housing market. When most people don't go to work and gamble on real estate market at high leverage, that's when the bubble bursts.

[nawkrm]

China bubble is the wishful thinking of many. Reality is China govt is doing much better job to manage their economy than at least the US.

[wachman]

Anyone can believe what they want to believe, but you have to take consideration how governments have royally fucked people in the past. Governments are far from angels as proven time and time again. That's what our founders found out the hard way. It's a pretty backwards world where people actually DEPEND on government programs to survive.

[beancube2010]

@wachman We are all deceived. With our modern technology, we has all excessive capacity to provide decent housings and ownerships to all Americans. Free markets are just some lies that govt can put blames on setbacks of manipulated individuals, spread hates & indifference of punishments among population. Real history helps us see through these outdated govt philosophy. Flush them out of the system by electing a lot of new bloods in this November's midterm election. Stay communicate and organize.

[SpiagiaVita]

Josh,

Stop responding to my comments. Your head is too thick to understand the scope of our problem in this country. These irresponsible leaders are leading you right down to the cliff edge, and you wouldn't even know it until you take that last step. But then again, we'll all get fucked whether we know our fate beforehand or not. That's the shitty part of the whole deal, unless you have enough money to retire right now.

And, I mentioned several times about Alex Jones. Are you an idiot?

[SpiagiaVita]

You go ahead and believe whatever you want to believe. If trusting your government works out for you, go ahead!

If paying part of your hard earned money into social security, thinking you will someday get some back is your belief, then continue to trust the system.

But, please stop making your smart ass statements thinking you'll actually convince us to trust these crooks in our government.

BTW, you don't even read people's comments before coming back with your comments, do you?

[PrivateLessonsXXX]

america is going to be so in debt that they wont even have enough money in whole the federal econemy to pay the intrest on what they owe. thats when your going to see the dollar collapse and when that happens its going to be a disaster.(hyperinflation) thats when there going to come out the the new currency called the AMERO. there going to give about 20cents on the american dollar on which you own. America is slowly prepering from the dollar collapse in an orderly fashion slow decline.

[MrHarry46]

rainy day

[SpiagiaVita]

I'm worried that Fed will fuck us all up in very short time.

It's very simple. We have too much national debt, and we ain't selling shit to China, Japan and Germany. That's gonna be a huge problem.

What's even more scary is that these fuckheads at Fed stopped telling us how much money is in those countries' banks, commonly known as the M3. That's how they determine correct interest rates.

I'm guessing the interest rate ought to standing at around at least 15-20%. But, we ain't.

[SpiagiaVita]

By the way, I don't even like Alex Jones. He's an arrogant bastard, and he might very well be working for a government or two anyway. There's a double-conspiracy theory for you. LOL!

[SpiagiaVita]

Well, Josh.

Do you have 13 trillion bucks in gold to give away to Uncle Sam? If you do, you can forget about everything I said. Okay?

[SpiagiaVita]

Speaking of playing with interest rates, there's absolutely no reason why the current interest rate is, what it is right now. These fuckheads at Fed are throwing bates, so poor middle class people like us will bite onto those bates and buy homes; thus, stabilizing home prices again.

Well, guess what?

When Asian currencies finally come to life, we will get fucked like we've never seen before in our entire lives.

It's gonna be Argentina time!

And, everybody will start dumping dollars.

[SpiagiaVita]

In the end, we poor middle class Americans are the ones that get fucked by the right, and then get fucked more by the left. The only ones that get richer and richer in the process are the fuckheads who own Fed, banks and Wall Street.

We are just their slaves for life: going to work day and night, rain or snow, sick or healthy, stressed out with family, worrying about mortgage payments.

Through it all, we dumbfuck middle class Americans are pitching in to build their wealth.

[SpiagiaVita]

Reduce government spending?

I think we are just too late for that. Our dollar will collapse no matter what. Fed is probably leading us into national bankruptcy, fully aware of the fact it will eventually happen. These same people led Germany into the similar path during 20th century.

We need to remember one thing: Fed is not a government agency, but rather a private organization with "for profit" mentality.

And, who owns the Fed? Who knows.

[JoshMcRay]

O shut up. The Fed is not for profit. Look up the Federal Reserve balance sheet. Roughly 90% of the Fed's earnings (from interest on loans to other banks) are giving back to the treasury. The other ~10% is used to pay all the liabilities within the Fed.

[SpiagiaVita]

Josh,

Shut the fuck up! That's exactly what the Fed wants you to believe. The Fed is basically a loan shark for us and a highly lucrative cash cow for Rothchilds and other foreign loan sharks.

[JoshMcRay]

Thats what the Fed wants me to believe? So the Balance sheet from both the fed and the treasury that both confirm that the fed is non profit and you don't believe that? Yah ok. I'm sorry if I bothered you. I'll let you go back to watching your little conspiracy movies like zeitgeist or listening to alex jones while I do real research. The fact is that the fed is non profit and I have evidence.

[SpiagiaVita]

Look idiot, our president can't even audit this fucking loan shark organization. So, where are your getting your information from? From your ass?

[JoshMcRay]

Yes, i'm getting the info out of my ass. Its not like you can simply look up the balance sheets on the internet. O wait....you can. Go ahead keep calling me names, it doesn't make you look any better. Again I have evidence for my case. Eh I don't even know why I try. Conspiracy theorists aren't known for research.

[SpiagiaVita]

You go ahead and keep getting your information from Google search. I'm sure it will give you the up-to-the-minute accurate information. Yeah right.

If Fed is so honest with their balance sheets, how the fuck did they manage to stay afloat when virtually all banks were going belly up? After all, isn't it a "private" organization just like everything else?

That's right. They get to simply print more when they lose money. It's like asking your cat to watch over your salmon steak. LOL!

[JoshMcRay]

Are you comparing the Fed to a regular bank? A regular bank and the Federal Reserve aren't the same thing. People don't make deposits from the Fed, people don't withdrawal from the Fed, and people don't ask for loans from the Fed. Sorry to break it to you, but theres a big difference between the Fed and banks. Yes, the Fed and Treasury both confirm the Fed is non- profit. Go ahead look it up. Also again Alex Jones and conspiracy movies don't count as "research"

[SpiagiaVita]

Look asshole! I used to work at a bank. So, don't try to educate me on how FRB works.

Banks are out to make money by playing with interest rates fees and sound investments. Fed is pretty much the sole manufacturer/wholesaler of money. They profit from spreads, floats and fees just like any other banks.

As for their true profits and losses, nobody has any idea - not even the president. GAO can't even audit the Fed. Nobody, period. I'll bet JP Morgan does, though.

[JoshMcRay]

Again. Both the treasury and the Fed's Annual Reports show the Fed is non-profit. If you don't trust the Fed then you can at least trust the Treasuries report right? Also the Fed is audited. Look up the Federal Banking Agency Audit Act. Also the OIG audits, reviews, and assessments are made to the Fed's annual report. Every Fed Board financial statement is audited annually by the OIG. That is all information you can look up. Again Alex Jones doesn't count as "research"

[yushaos]

@JoshMcRay This guy is stupid, sad.

[SpiagiaVita]

Besides, are we talking about the same fuckheads that swore they found WMD in Iraq, which led us into the war?

And, don't tell me Obama people are totally different from Bush cronies. They are basically controlled by the same fuckheads one way or the other.

These left and right politics in Washington are all about playing out scripts: no more and no less. And, no. I'm not into conspiracy theories, either. I'm just telling you like it is. You're the naive idiot with brainwashed head.

[omairzaman]

printing money without economic growth cause inflation.Thats the? basic economic principle.Stimulus can only give relief in short time but in long term its always destructive cuz we have more money for same few things.We are seeding the seeds of dollar collapse which will destroy out economy and wealth.The only way to avoid this is to reduce government spending and increase public savings.other wise it will be '2010 TOTAL ECONOMIC COLLAPSE'.

[llothar68]

Thats only true if the stimulus is used for consumer goods. If the stimulus would go as investment in new ideas and products it wouldn't be such a bad idea - but nobody is doing this. Chinas $850 bn is vasted as much as in other countries.

[4567894321]

i am just an average person worried about the value of our money. If he euro takes over, what will be the value of one euro?

[buzznews1]

sounds like the UK news is jealous that CHINA is kicking thier ass !

[yanyint70]

Watever, China will boom!

[yanyint70]

Weird singapore is not growing with hi unemployment. Singapore banks doing the rite thing? Seem like Jim Roger's playing poker. tell some, not all.

[lostinseganet]

lol so few people wear bow ties.

[whereismybailouttv]

And what about his sidekick Staci? What makes her an "expert" on the markets?

[whereismybailouttv]

What's interesting is the battle of the "experts". Rogers still seems overall to have the most reasonable points. Faber comes close. The the rest go off into neocon-the-world-will-end rubbish.

Another one is Max Keiser. I know he used to be a trader. Then he went to LA to start his own firm. He basically got voted out and then went to Paris.

He trashes the States and the markets. Yet, he's still a U.S. citizen and has investments here? What's up with that?

[herbs814]

and how do you know what investments he still owns?

[30percentplusreturns]

Just found an awesome website. moneypirates com. Expose the federal reserve and corrupt politicians. This site is actually really good. Pass the word on. The revolution starts now!

[sphindog]

I'm a stupid racist pig because I won't give a communist country any of my money? O.K...whatever...I'm racist, then. I'll just go away.

[Elbottoo]

Yes, youre a racist pig because 1) investing in Chinese stocks is not the same as giving the government money and 2) you wont give a COUNTRY money based on its the legal form of its government.

Just roll over and die.

[BassBuffett]

The chinamans eat dogs and cats, when u support the chinks u support animal cruelty and communism.

France is the greatest superpower country on earth and no one there eats pussy.

The most racist country on earth is chinamanland. They call us "White Devils" &

want to invade and destroy our pets.

No one talks about all the shipping containers bringing in pests and the Yellow Monsters as named in the Bible.

[ednan9]

and indian hindus eat rats and turds...is there something about the indians in the bible?

[jsyn1230]

you have no control over where your money goes unless you put em under your mattress. assume that you do have savings, you put em in the bank, the bank invest it in China. nothing you can do about it i am sorry

[Elbottoo]

Lots of jealousy in here. Look, the simple facts are as follows. China has the best fundamentals of any country BY FAR. This means that Chinese growth potential is enormous.

Anyone investing in another country is simply an idiot or a delusional Indian.

[sphindog]

I'm invested in silver, you in China. Talk to me in six months.

[Elbottoo]

Lmao stupid fool. Lets see, China's stock market went up give or take 100% since December 2008 before dropping down again. Silver price went up give or take 55% since last December.

You lose. And I havent even begun talking about indivual Chinese funds. Wow, you have no case.

[sphindog]

First of all, let's keep the "stupid fool" comments away from the issue, o.k.? I didn't talk about past performance...I said talk to me in six months. You say I have no case. I didn't even make a case! All I said was talk to me in six months. Sound a little less arrogant and you'll find that people will give you a more pleasant dialogue.

[Elbottoo]

Fool, anything can happen in the future and it wont proof a thing. You lose, I win. Period.

Youre just a stupid racist to begin with. "They're not getting any of my $" - that said it all.

Get the fk out of my face, racist pig. Nobody likes racists. Just go away.

[jay1wo]

The profit of the Chinese companies is fake, their revenue is fake and their growth is fake.

If they can lie to sell you a $2 toy, they will lie to sell you a $2 billion company.

Get out of the Chinese ponzi before it collapse, which you will lose everything.

[kkklownknight6699]

Manufacturing is not fake growth.

It's what made America a superpower.

[borisbmx]

well said. i have seen this first hand with sina and suntech power. Suntech Power repeatly lied to analyst about the state of the solar market ASPs in Sept Oct Nov Dec 2008.

[mauiwowi]

the whole clean energy is one big scheme imo

world is not ready for this type of energy

[ulleule]

hahah usa telling china what to do with their economic so ironic

[Yamakashi1]

@mauiwowi how so

[mauiwowi]

US is other guy invovled in ponzi scheme

its not just china, so dont turn this into political.

Stock and Financial markets are one big Ponzi scheme

[blupheonix44]

yup, exactly.... Invest in India if you need foreign assets. China is way too secretive, PLUS, they are a communist country, PLUS they steal everyone else's secrets!!!

[sphindog]

I heard that. Since when can a Commie be trusted? Oh...that's right...when they are a "most favored nation trade status" Communist country! Cuba is under an embargo...China is MFN trade status. Go figure. They're not getting any of my $. Buy silver...you'll be glad you did.

[hongster76]

Jim Rogers, "i wouldn't call it a 'bubble'".

he said it 6(?) times, yet the video is called "Jim Rogers on the China Bubble"

[charlesamime]

china's eco is really in danger. though the financial industry is still in good, but many factories broke down, and the manufacture industry is the only key of country eco.

[croz9912]

the voting system isnt rigged... but the banks and large corporations definitly make very hefty donations to "certain" candidates campain.s. Why, well lets assume that they understand that government is there only savoir in the event of a economic collapse. You think for a minute that the huge donations didnt influece the descisions made with regard to the bailout. Of course they did. We live in a corporatocracy.. plain and simple

[OscarsGreenCarnation]

I'd love to shave Jim Rogers' balls.

[soundmoneyfan]

why are the chinese taking on debt?? this is madness, can't some one just keep their nose clean

[benoitcaron]

This spending package of US$580 billion comes out of a war chest (not indebtedness) of over 2.1 trillion in foreign currency and gold reserves.

They are not borrowing to fund their own infrastructure boom, they are deploying cash reserves they have built over the past 15-20 years

[soundmoneyfan]

i'm not talking about the gov't spending package, i'm talking about the loans issued by the banks in China that amount to 1.1Trillion. these are loans were pushed by the central bank for busniesses, real estate, and consumer lending.

[Elbottoo]

Actually they built those reserves in 9 years time. In theory, China gains 300-400 billion in extra reserves EVERY YEAR.

So that 580 billion can be gained back by China in less than a year and a half.

China is the future.

[Timbot2002]

"These are the times that try men's....

underwear on for size"

[LibertyAndLove1776]

"These are the times that try men's souls.

This short motto has echoed for centuries. It gave strength to American patriots in 1776 as it propelled them to liberty. This motto is alive and just as appropriate today as it was at the beginning of the Revolution."

thomaspainereturns. net

[EMPIRE0FLIES]

Central banks always screw up because of the human factor. Which benefits only the central bank and its masters. And enslave its people. Which it is suppose to do. Kill the central banks. LET THE MARKET WORK! But of course that wont happen. CB's have too much power now.

[whereismybailouttv]

Has anybody noticed that some of the clip view counters are messed up?

[joepeeler34]

It's not that individuals acting in a free market are smarter than politicians and bureaucrats;It is that govt. has no profit and loss system as a measure of whether they are using scarce resource(that have alternative uses)efficiently.That is what prices do:sort by supply and demand.One of the eroors of socialism is that the state has no efficient mechanisms to sort resources where they are most needed.

[bookerman16]

Jim did'nt sound as sure about a future collapse and hyperinflation as he has been in the past.

[ChristiansMustLearn]

I noticed that too. Personally I think the bailout funding hasnt really worked through the economy so there is probably at least 2 quarters of deceptive reports on housing labor etc. I think 2nd quarter 2010 is when the break down really begins.

p.s. Dont take the swine flu shot...its the same nonsense from 1976 that they tried to scare us with.

[Melville10]

The U.S. does have guts telling others how to run their economies.

[spanishaustralian]

you would have guts too if you carried a machine gun around the playground and everyone else had knives. including the police.

[whereismybailouttv]

The Stateside banks are borrowing money from the Fed at almost 0% interest. Then they charge high interest after that. How ******up is that?

[whereismybailouttv]

Rogers is smart enough to not give into the market hype and go back into equities. He's right re: the States dictating to others about how to run their economies.

The key is how will China continue to spend their reserves? Will they keep investing in Europe and Africa? And cut back more on investment in the States? Would YOU keep listening to Geithner and Bernanke and buying U.S. debt?

[rcusto1999]

Wow this is big...Jim Rogers was always Positive about China...this is a hugh shift in his thinking...

I am not bashing him but rather listening to what he is saying...very interesting

[Elbottoo]

You must have been listening to something else because the interview I listened to, Jim Rogers was still massively long term bullish on China.

The reporter was the subtile anti Chinese who tried ask these strange questions about "how China is the new bubble" and Rogers didnt take the bait. Notice how the reporter nearly jumped his seat when Rogers said he didnt considered China a "bubble".

So what the hell are you smoking.

[rcusto1999]

Whatever kid...all I know is that with out a strong US there is no strong China! Does not take a rocket scientist to figure that out...but you reply and insult me again if you wish but that fact will still remain...PEACE

[Elbottoo]

So whats the economic outlook for US today? And that of China?

OWNED, little kid.

[Elbottoo]

Ill tell you what the outlook is: 8% for China this year. How is that for kapowned, kid.

Dont talk shiat about things you dont know.

[rcusto1999]

get a life loser...what a dork you are...and stupid to boot...where did you get those number...I know...from the same people that said that the U.S. economy was fine just before it crashed...if you like China so much why don't you move there...PINKO!

[Elbottoo]

Wow talk about being a sore loser. Actually, that 8% comes from China. And before you whine again, Goldman Sachs raised their forecast on China to about 9.3%.

So FKING OWNED, little kid! Hahaha

And I do live there because its the future.

[rcusto1999]

IF you beleive Goldman Sachs then your lost son...Go Ahead man...invest in China...so...I will see you on the soup line...OWNED!!!!

[Elbottoo]

No, but you believe Bernanke, Greenspan and Paulson, amirite. The irony is that you are on this video about Jim Rogers in which he clearly explains to you that China has been booming for decades but of course idiots such as yourself will listen to what he has to say but never truly understand what he is saying. Youre an idiot to begin with. You believe the idiots who got you in this mess the first place. Thats why you get OWNED all the time throughout history. And 2009 is no exception.

OWNED

[rcusto1999]

Listen little girl, what are you talking about...who does Paulson work for...your favorite company...GOLDMAN SACHS!!! I never said that I listen to those clowns...now, for your information I follow Gerald Celente and his Trends Research...but go ahead dumbass...keep listening to Goldman Sachs aka Paulson Sachs....and keep replying...because everytime you reply you prove to me and to everyone reading that your just a stupid M.F'er

[Elbottoo]

Listen, litte KID, you dont know what the fk you are talking about. Youre a sad delusional little kid who has been walking behind the facts since 9th grade.

Hahaha OWNED sucker.

[rcusto1999]

Wow...you told me...SHUT UP!!!...listen chump...now I know that your a turd merchant...that last post you gave no facts to back that weak argument...your weak...just insults so I would say you Owned Girl!!!!

[franketkenzo]

I agree with Mojo1982, Acidintherain... US in an economic sham. I think this will be the end of the US era.

[Melville10]

I don't think your wrong. I live in the USA. LIstening to the mainstream media is like watching a bad comedy. They keep repeating the same stupid catch phrases---"green shoots", "recovery is around the corner", etc. It's like their smoking dope or they are in denial.

[spanishaustralian]

but the media will give the country the illusion things have recovered when really you'll have a half assed rocovery, not as good as it should be. but you'll except it as great cause the media makes it out like everything is great. media is powerful. during the collapsed they pounding the media with negativity now they are pounding it with positivity. as far as i can make out, its hard with all the lies going on.

[Azbx23]

China is an expensive call option on the US economy. China can build and invest all it wants, but without the US (and European) consumer to buy their crap, the country will collapse from social unrest.

30,000 people killed rioted and killed someone the other week. Fucking madness.

[AcidIntheRain]

You Americans just cant seem to get enough brainwashing, how pathetic. Just think how you get all those information about foreign countries, and think about how much have those sources helped the evil government of your's make average non-educated moron citizens to believe in all those lies, and ended up killing 1,000,000 innocent Iraqis and get the economy in the mess that we are all suffering instead of those huge firms who controls those sources of yours. Talking about madness.

[Azbx23]

You Americans just cant seem to get enough brainwashing, how pathetic. Just think how you get all those information about foreign...blahblahblah"

Actually, smartass, I read that story in the online version of a Chinese newspaper. Our government may be 'evil' in that it's somewhat corrupt (show me one that isn't), but at least I have rights. Remember that next time you feel like saying something negative about your government and can't.

Many Americans, including myself, do not support the war.

[AcidIntheRain]

How do you know I can't say negative things about my government? I bet you didn't get that information from some "Chinese Newspaper".

And tell me, you free man, what rights do you have exactly? Yes you can rally on the street blah blah blah, but what does it really mean? Once the media brainwash the majority(which are stupid in America), you got nothing but obeying in the name of democracy. and who helped to make the Americans stupid? Maybe you are smart enough to figure out that one.

[AcidIntheRain]

And tell me, if many Americans didn't support the war, how did it get started? where were those "rights" you just claimed? How did you end up killing 1 million innocent Iraqis and sacrificing thousands of your soldiers who initially wanted to serve the country? Tell me how your "rights" help maintain JUSTICE?

[Mojo1982]

America invaded Iraq to steal its oil and to deny China access to that oil. Just like the trouble in Sudan, Iran and Myanmar the US seeks to undermine China's energy supplies. Americans are so arrogant and brainwashed by their propaganda they either support the rape of Iraq or pretend they are doing good there. Americans are never guilty of anything bad, and considers themselves the holliest of hollies. Blackwater thugs paying Iraqi girls $1 for BJs and torturing/murdering/imprisonin­g Iraqis.

[ChristiansMustLearn]

What China needs to do is AGGRESSIVELY pursue a green strategy that would catapult it to the front of the line in the so called "Green Economy". Take those useless dollars and acquire a massive infrastructure for sustainable tech.

[Visfen]

That sounds like a terrible strategy, focusing on an industry that is unprofitable without subidizes and highly local, is not a sustainable business model.

They should continue what they are doing, why change a concept that works?

[ChristiansMustLearn]

you cant see the forest for the trees. the petroleum economy is going to be outdated in 20-50 years. Why not lead the vanguard and develop the next generation. If subsidies are needed then subsidize it. If tax breaks are needed? then give them. This isnt rocket science...its all about how one chooses to allocate resources. Germany isnt exactly known for its sunny climate yet they lead in solar.

[Visfen]

Then you should invest in it in 20-50 years. Not now.

Let the market chose how they allocate resources. When the price for petrolium (or rather oil) becomes higher than green energy, then we will use it.

Besides, I don't see how green energy could possibly compete with things like nuclear energy or water power plants.

I sure as hell don't want to invest in an industry that is dependent on subsidies.

[ChristiansMustLearn]

In truth the petroleum economy does receive subsidies already. Its called military spending. Its much more subtle but nearly all our military spending is about protecting our "national interests" which is code for energy. Thats the reality of it plain and simple.

[Visfen]

Wow, you think of economics the same way imperialists do.

[EchelonMonitor]

The value of oil companies' oil reserves increased by more than $2 Tillion as a result of the Iraq war.

[sysopkc]

Yes but that did nothing but reduce global supply in relationship to demand because there is a fixed amount thats sourceable, and the field outputs are declining, so increased hoarding is just going to create an artificial price spike short term, most likely toward the end of this year and into next.

[Visfen]

Further, as I pointed out. It is a highly local industry. Yes, Germany is leading in solar energy, they are also a big importer of cheap energy form Scandinavian countries like Sweden. But it's not like China will be able to export energy to the US.

[spanishaustralian]

forget the tax break and subsidies. you dont want government messing around with the market. get them out of the way as ron paul says. government should play as little role as possible in the free market.

[ChristiansMustLearn]

There has never been a purely free market so a lot of the Austrian posturing is hypothetical. Ultimately legislation can and does play a role but that is to free the economy. Furthermore I'm talking strictly about what the chinese should do not America. America needs to take a giant sleeping pill and wake up when they're ready to get real leadership.

[spanishaustralian]

as i said, government should play as little role as possible. not zero role. encourage as much free market as practical as possible. i dont want subsidies and tax breaks. i want government to get the hell out of the way just as ron paul says. he is right on the money.

[ChristiansMustLearn]

If we follow the Ron Paul logic completely then all troops around the world come home tomorrow and there would most likely be utter chaos as other powers fill in the vaccums left behind by our leaving. I think a free energy policy is as essential as free speech and if the founders knew such a valuable element of the economy could be centralized they wouldve objected in the constitution. Energy is the key issue behind EVERYTHING. Energy needs to go open source P2P just like information.

[ChristiansMustLearn]

I'm a HUGE Ron Paul fan and agree wth him totally. But just like his move to eliminate the fed switching our energy policy would have to be very gradual. I think you have to anticipate possibilities. ie. eliminating the Fed overnight would lead to financial chaos. Answer is subsidize a new silver/gold backed currency and allow it to compete. Leaving the petrol economy would be lethal if done in a rush. Answer? Subsidize new energy with a 0 green energy tax policy of some sort.

[ChristiansMustLearn]

The internet that we all love has benefited from this 0 tax strategy...no? So why not apply it to new energy creation. I envision neighborhoods on P2P solar/ geothermal energy grids supplemented by existing electricity systems. wouldnt happen overnight but what does. Hiccups would occur...just as it did with the net. But I trust that people are smarter than governments. It would work itself out but it needs a fertile breeding ground first. Implement 0 tax local energy and slowly end the empire.

[i4Truth]

Great comment with the 0 tax energy idea ChristiansMustLearn.

[spanishaustralian]

U 2 much government for me. subsidising alternative enegy is a mistake. the free market would have introduced free energy or at least mega efficient energy ages ago if it wasnt for government enforcing the monopoly of the oil cartels. thats the true problem. allow free markets to creat our future energies. dont subsidise it raises out tax burden and increases the size of government and distorts the market. the wisdom of the market is much smarter than you your acting like a socialist. shut up.

[spanishaustralian]

also your concpet that chaos would occur if you pulled all your troops out around the world is based on nothing factual. the world would have the heavy burden of war lifted of there shoulders if you americans woke up to yourselves and took control of that murdering blood thirsty war machine. americas war machine has murdered alot of foreigners thats for sure. the biggest terrorist in the world is america itself.

[ChristiansMustLearn]

Shut up? This is the problem on these boards. I'm looking for an exchange of intelligent world changing ideas that can be shared by my fellow man to help our species get away from our current way of doing things and shift towards a highter purpose and I get told to shut up? C'mon. grow up a bit bro.

[spanishaustralian]

ok, i agree. i will grow up ok. but no subsidies you will only increae the size of government. allow as much free market as humanly and practical as possible.

[jwang604]

"Blackwater thugs paying Iraqi girls $1 for BJs and torturing/murdering/imprisonin g Iraqis"- That's what we call a generalization. Are you saying the Chinese never commit heinous crimes? Try to be more impartial in your arguments, it makes you sound more mature and intelligent.

[Mojo1982]

China isn't preaching human rights and democracy. The US needs to pratice what it preaches, or keep schtum.. The US is the most powerful country in the world, so it does what it wants. The US lives by the axiom "might is right". The US would have more credibility if it was less hyporcitical and less self-righteous. Don't lecture human rights to your enemies, while your military commits rapes, murder, torture and occupies other nations.

[jwang604]

"Don't lecture human rights to your enemies, while your military commits rapes, murder, torture and occupies other nations." Yet another generalization. America is not a person but a country with 300 million individuals. Just because Bush was a war monger doesn't mean the rest of are too. Every individual should have the duty and the obligation to address China's rampant human rights violations.

[sianghan]

Bush was elected by the American people, so yes he does represent you, that is the definition of a democracy. So when American troops rape, torture and kill innocent people, like they do in Iraq and Guantanamo, YOU are responsible, because YOU elected him, TWICE. Stop shifting the blame and accept responsibility for your actions.

And I laugh everytime America lectures China on human rights. Its like Hitler lecturing Stalin on human rights, what a total joke!

[jwang604]

"Bush was elected by the American people, so yes he does represent you" I thought you are talking about SOME of the Soldiers who rape and torture? Now it's Bush? Never knew he raped and tortured anybody. In any event, generalization is stupid in itself. Which country are you from? Are you sure your people never commit any crime? if they did, then you are GUILTY by association. The US values human liberties and rights whereas China doesn't, thus they have legitimacy to address it. Read on...

[jwang604]

"Bush was elected by the American people, so yes he does represent you" Maybe you are not familiar with the election process (your probably from China?), but we elect our president based on his/her promises. We have no control over what he does after his inauguration. Of course I'm not responsible if some US soldiers decided to torture someone, are you insane? I'm guitly because i'm a US citizen? lols Are you fucked in the head? lmao Then you Chinese fucks are worse, killing innocent tibetans.

[AM429]

if someone doesn't vote for someone, how are they responsible for electing them? I didnt vote for bush or the murderer now. They are both learning human rights from china.

[AM429]

US elections are rigged anyway. Unless u believe in their "democracy" religion it's obvious.

[satanic6ritual]

I assume that's China in the background. Where ever it is you can see the dirt in the air. I wonder how long Jim can go without a gas mask there.

[gtele5hev]

It's not China, but Singapore

[AcidIntheRain]

Do you know that just decades ago London and New York are also polluted heavily?

Don't you understand that the Chinese are suffering their environment instead of yours? And do you know with 4 times the population and the production of goods and services to the entire world, China still managed to stay second to USA on that green house gas emission list? Tell me, how were you treating the environment when you Americans drive those huge SUVs that you don't need with money you don't have?

[eyewitness043]

I could be incorrect, China's economy will probably go the way of their European business partners because they appear to be following the same logic of saving by spending.

Plus, how can anyone verify how legit China's economic numbers? America is full of shit no doubt. But in china, they don't even have to lie, the gov't can just make you vanish.

[delerium2k]

lol monetary system

[sugarpuddin88]

America bankrupt:

102 trillion for SS & medicare

25 trillion for TARP & bailouts

53 trillion plundered from other trusts

Every single American man, woman & child owes over $600K in FED Gov debt

The US dollar will collapse within the next 1 to 2 years

Check out Rockefeller & Senate Bills 773 & 778 attempting to end American access to the Internet

Americans lost all but no. 3 of their Bill of Rights; Geithner has been wrong about everything for 15 straight years!

1 in 10 on US food stamps!

[sugarpuddin88]

European & American state aid is interlocked into the International Bank of Settlements, which is tied to World Bank, which is tied into the IMF, which is like all things: Tied into Goldman Sachs!

AIG is run by Edley of Goldman Sachs!

All roads lead to: Goldman Sachs!

Why don't sheeple want to be independent of Goldman Sachs & JP Morgan?

Instead their lives are dictated to by a bunch of arbitrage wielding sycophants & sociopathic criminals who profit by destroying the system!

[Lingerfoot]

Rockefeller and Senate Bills 773 and 778? Ron Paul and Jesse Ventura - 2012!

[satanic6ritual]

Ron Paul will be in wheelchair by then.

[lisajason111]

collapse relative to what? I don't think it's in the interest of China to dramatically appreciate its currency, China surely dont wanna its investment to go any more south. Central banks around the world are pumping money, so relatively i dont see much difference to them, maybe aussie dollar would appreciate alot, but aus is of no significance in this world. as i said, they will keep the gold price in check. washington agreement covers most of the G20, so they should be quite successful in that

[sugarpuddin88]

Lisa

You are never safe from the truth; but in the truth you can survive

It's time your wall of denial comes tumbling down!

Several Anglo-Saxon countries are controlled by a cabal of bankers

But that is only a small percentage of the world

The Anglo-Saxons will finally get what they have coming too themselves: Bankruptcy & all that goes with it

Soon you will be left with nothing but the ghost of Tom Joad!

[fancychance57]

kick ass jim

[iwanagaa1919]

This interviewer isn't bad. Many other interviewers are far worse; they persistently interrupt the guest, and give the guest little time to talk. During this interview, Jim had plenty of time to make his points, and he did so. I am so grateful to You Tube, for it allows me to hear interviews (such as this one) that I never would have heard otherwise.

[harveybirdmannequin]

It's funny how biased the news anchor's questions were. The news anchor is trying to bash China and Jim Rogers is like "Shut up, bitch. Who's the billionaire investor here?"

[sugarpuddin88]

Currently, the world is forming ad-hoc currency baskets for trade in order to get away from the contamination, which is the US dollar, (google: Shanghai Organizational Coop); & setting up for a new World Order Currency

Meanwhile, the USA has Stockholm Syndrome, where the terrorized population through Obama actually supports their terrorist: Last week Obama is actually giving more power to their captors, the Federal Reserve Bank, rather than prosecuting them

[sugarpuddin88]

Paulson, former CEO of Goldman Sachs & Treasury Sec under Bush, "I never saw the banking industry so strong", is involved in Bear Stearns, Lehman Brothers, Geithner & Robert Rubens (also of Goldman Sachs & who was paid 150 million to run Citigroup into the ground) & the privately owned FED Res Bank & other banking oligarchs.

These oligarchs torpedoed pensions to create the new peasant class of indentured servants without medical, retirement or savings, (the FED tripling money supply in 6 mos)

[BlueTunisia]

China is the best!!

Thanks for the video!

[lisajason111]

China will be the best, but that's years years to come. what is the best? i don't know, after IMF etc. are trying to dump their gold.

[sugarpuddin88]

Bernanke, Geithner, Rubens, Summers, Goldman Sachs, JP Morgan & the Federal Reserve Bank know exactly what they are doing by collapsing the US Dollar:

The purpose of this financial crisis is to take down the U.S. dollar as the stable datum of planetary finance and, in the midst of the resulting confusion, put in its place a Global Monetary Authority [GMA - run directly by international bankers freed of any government control] -a planetary financial control organization" - Bruce Wiseman

[Entropy137]

If the IMF dumps its gold, China and India stand ready to swallow it all. You know Europe used to call India "the sink of precious metals" for a reason.