@APRtunedAudi Markets are anti competition by their nature. They do not seek inclusion but rather maximizing profits for the owners/ruling class. When you remove government regulation, you get rule of the fittest a la Somalia. You free marketeers are no less utopian than Marx. A complete farce.
@Artiomshev..the bimbo is there to lob softballs to this right wing clown and she did a good job.
This clown hates America and loves slave labor. He also does not allow criticism on his blog. A classic capital fascist if ever there was one. This guy is a dino that needs to die off.
Fox viewers are real patriots! They LOVE America so...much that they spend most of their time running to the "good ole" Walmart down the road to buy more gunracks, camo baseball caps, "we support the troops stickers" and guns... ALL MADE IN CHINA %100!...
When they aren't doing that, they're sitting on and in a room full of Chinese products, staring at a Korean or Japanese TV set, sucking in all the "America Is Number One" treacle FOX News can provide.
Allow people/ companies to fail. Do it the american way by allowing new people and new ideas succeed and lead. govt should stop throwing hard earned common man's money at failed stuff like GM and zombie banks. what a disaster
Wow, this lady is soooooooooooo stupid. "But Jim, I went to Columbia university and got brainwashed in Keynesian economics, so I have to keep the asking you the same questions over and over again, because I am fucking brainwashed. Don't you understand? But Jim..."
all these bimbos need to use the pile theory when interviewing.... if their money pile is bigger than yours .. shut up and let them explain how their pile got so big
this bimbo has to be the worst of the worst ... the only thing she knows is what her left wing harvard prof. (whom she was prolly doing) told her.... lol such a buffon
oh my god this BIMBO GOT NO FUCKING BRAINS, HOW THE FUCK DO THEY GET JOBS LIKE THAT. fact : 80% of americans are fucking idiots. god help me and the world
@artiomshev I'm just as worried as you are by the ignorance in this world. Unfortunately I have learned there is only one way out, make as much money as possible and invest it wisely. That way you have the freedom to do what you want.
You see the look on JR's face when this "Media-Whore" was asking him questions....like she's edcuated....moreover, like shes a man with an economics degree and smart!?!?... The only thing she most likly invests in is the latest Louis Vutton Purse, claiming it's going up in value.... She should be a reporter on Dancing w/the Stars!!!!!!
It is the anchors job to put on a demeanor of contention to make people pay attention. I don't think that she really believes the things that she is saying.
bottom relative to what, the dollar? Compared to the stuff Jim Rogers has invested in, he has made far more money than he could have in the DOW or S&P.
Stock markets are quoted in currencies, not gold or other stocks. Relative movement is what counts. If you measure the DOW relative to gold, at 10,300 and rising, it is LOSING value.
Really? What's his rate of return been over the last few years? How about the last 20?
And measuring prices in terms of gold makes no sense, because there are supply and demand dynamics with respect to gold that have nothing to do with a function as a store of monetary value. For example, mining can slow down as supplies are exhausted, or demand for industrial uses can go up or down, sometimes significantly. Like the Austrians, you make no sense.
Gold mining increases the total supply of gold each year by something like 2% of all the already mined gold in existence. Gold has a limited supply. If you actually look up what money is, it is gold. A scarce commodity that holds its value and serves as a medium of exchange.
If you look at the inflation rate vs. the prices of gold, for the last century, they match each other inversely almost perfectly. As the dollar goes down, the price of gold goes up.
Well, first, dictionary definitions are meaningless. The word "suck" as an adjective or adverb was being used for many years before it showed up in dictionaries. Besides, your definition isn't even correct. Money is anything of value that serves as a medium of exchange. It doesn't matter if it's seashells, cigarettes, baseball cards, or fiat bills. If you don't believe that's true, then send me all your fiat bills and I'll put them to good use.
So everything else i said was true. And my definition of money includes cigarettes, and the like. Seashells are not money as they are not fungible, neither are baseball cards. Fiat bills are bills of credit, they have no real value just a monetary numeral.
Do you think it is reasonable that the DOW is up to 75% of its pre-crash highs while unemployment is up 400+%?
Whats that called when prices rise again? Whats it called when money supply rises faster than the economy grows? INFLATION
Hmmm. Let's see. If people hoard money, as they continue to do today, you can pretend that supply and demand applies to everything else in the universe, except fiat money. Could it be that hoarding means that the supply of dollars falls short of the demand for them? Could be. This is what happens with deflationary pressures. Inflation only causes prices to rise too high when the money supply expands beyond GDP growth at full employment.
People hoard money when they know it will be worth less later. If you are in an inflationary cycle, you are rewarded if you SPEND NOW. Not hoarding.
All the gold in the world right now is basically already owned by people. All gold ever does aside from the small amount mined is change hands. If someone has gold and needs a TV set or a car, they sell it. If I need gold and don't need a TV or a car, I buy gold.
Look at the money supply vs. GDP over the past 10 years. Inflation.
You are absolutely wrong. When people think their money will be worth less in the near future, they will spend more of it. If they don't, they'll be paying higher prices later. It's when people expect prices to go down that they spend less, because some of what they want to buy will soon cost less.
Actually, you are right. I meant when the money is worth less later, they spend. I kinda slipped in and out.
I said people spend more now with inflation. Which is correct. At the same time i said people hoard with inflation, which is the opposite. Sorry for the mistake.
Before you criticize Austrian economics, try to learn something.
All you Keynsians live in a stupidly optimistic world where all problems can be solved with inflation. Inflation makes you poorer, not richer.
Stimulus is inflation. The bailouts are inflation. Nothing is more valuable, there is no more money. You can't buy any more. The numbers are just bigger.
$100 wouldn't seem like so much if a loaf of bread cost $50, a can of Pepsi $25.
I'd read Hayek, Mises, and Rothbard. Have you? Did you know Hayek withdrew his support for liqudationists policies by the late 30s?
And how is it that anyone who disagrees with Austrians is Keynesian? There are many other schools of economics and you pointing only to Keyensians lets me know you know nothing about economics. Was MIlton Friedman a Keynesian? No, he was a monetarist.
Do you know what freshwater and saltwater economists are? You can't learn economics by watching TV.
I assume you are a Keynesian because if you weren't, you realize the DOW at 10,000 right now is a total joke.
Any real economic system acknowledges the fact that you cant stimulate a free market. You cant hold prices up when they need to drop. You cant inflate to bring wealth.
Well, when priced in dollars, of course gold goes up if the dollar goes down. lmao So does anything that can be purchased in dollars, including imported tampons. Are tampons money?
No, the price fluctuates with supply and demand, just as for dollars or anything else. Again, if your dollars are no store of value, let me take those worthless things off your hands.
Also, pricing in dollars makes no sense. What is a dollar? What does it buy you.
If you have your money in the DOW right now, you are losing purchasing power. If the DOW goes up 0.5% but the dollar drops 1.0%, you just lost 0.5% of your buying power. You lost money.
Wait until prices catch up with the current level of inflation. You'll realize DOW 10,000 wasn't so great. The DOW would have to be at 15,000 right now just to match the purchasing power of the DOW at 10,000 in 1999.
If pricing in dollars makes no sense, then send me your dollars.
And when it comes to the dollar, I can just as easily invest in a stock that loses .5% while the dollar goes up 1% and gain .5%.
The dollar gained 31% during the meltdown, while idiots like the Austrians were saying to stay out of the dollar. Would you have liked 31% more purchasing power to buy historically cheap assets with?
Then, if the value of the dollar goes down, you can just buy gold and exchange it for dollars
The reason the dollar went up is where are you going to go? You either buy stuff, or hold dollars. If you aren't buying stocks, and you aren't buying anything else, you are holding a ton of dollars.
Plus, you cant just buy an ounce gold for $1000 and sell it for $1000 and magically make your dollars worth more. You have to HOLD that gold as your dollars LOSE value. Then the GOLD IS WORTH MORE DOLLARS.
Do you disagree that as cumulative inflation rises gold rises proportionately? Answer.
No, obviously cumulative inflation (whatever that means, probably nothing) can rise as gold prices fall. If the increase in supply outstrips the increase in prices caused by inflation, gold will move in the opposite direction. The same is true if demand for gold, say industrial demand, falls enough.
More importantly though, why would you want a gold standard when you can just buy gold and sell it later if the dollar loses its value? You make no sense. You don't need a gold standard.
iIt gave me the advantage of borrowing at low interest rates here when the dollar went up 31% last year so I could loan and invest in even more depressed foreign markets with higher interest rates. It's very profitable.
Ok, so fiat currency allows people to borrow money than they should be able to given market set interest rates in a depression caused by fiat currency. Thats brilliant.
Also, right now, its actually sort of tough to get good rates. the banks are all hurting. The Fed rate is at or near 0% for banks not the proletariat. When you are a bank losing money, you borrow at 0% and lend at 10%, 20% etc.
Borrowing more than I should? How do you know pepole are borrowing more than they should?
And we're not in a depression.
And the fiat money didn't cause his recession. Everyone did. Bank management got bonuses, stock and bondholders got capital appreciation, consumers got higher wages and more credit, producers and resellers got increased earnings, and politicians took all the credit. People build bubbles, because just about everyone loves them. Everyone benefits until the end.
A bubble by definition is an inefficient allocation of resources. When you can borrow money cheaper than the market suggest, that is an inefficient allocation of resources.
A falling economy corrects this. When houses cost to much, the price drops, inventory sells off and the market recovers.
What does Obama, Bernanke and Geithner do? Build more houses, try to hold prices up as people make less and less money or go unemployed. As an example.
Well, each individual is rational in a sense when they lower their consumption during economic downturns. The problem is, when jeverybody does this, consumption falls below the level that the misallocation justifies. That is what the government has to guard against. Had these mortgage losses occurred in the absence of the paradox of thrift, We sould have easily absorbed them while avoiding a recssion. We'd have only had a slowdown.
Here is the crux of my argument: The dollar heads down as the market goes up. Thats not real growth. You would have had to of spent that money BACK IN TIME to profit.
If you bought certain commodities, saved in gold or bought foreign stocks, you could have made money.
I'll go out on a limb and say Jim Rogers has made a hell of a lot more money in this recession than you have. Not just total worth, but rate of return on investment as well.
Of course it's real growth. WE can spur real growth with inflation. A falling dollar not only means increased exports, which we've seen, but also that the money supply is keeping up with demand so that workers, lenders, and savers can take small, temporary cuts to pay for the misallocation of resources during the boom, instead of having mass unemployment in which the reallocation can't take place nearly as quickly. The inflation also helps personal and business balance sheets.
First of all, we import far more than we export. Any clothes, electronics, a lot of fruits and vegetables, steel, tires, pots, pans, spoons, and cars GET MORE EXPENSIVE because of a falling dollar. Believe you me, we lose a lot more on imports than we gain on exports.
Also, since the weak dollar causes those prices to rise, especially since people unemployed or getting pay cuts, higher prices don't help the balance sheets.
If America had no imports, and just exported MRI machines and wheat, you'd be right in the short term, however this isn't true so in the long term and short term, inflation hurts.
Otherwise, we'd actually see improvements... GDP rises 3.5%, well gee I'd hope so if you dump a trillion dollars on the economy.
In real terms, we are getting worse, not better. Unemployment is rising, not dropping. Wages are dropping. Prices are rising. People are hurting.
So far every time I make a comment explaining my point of view and how your facts are flawed, you come back with some asinine, ill informed statement that makes little sense. You have yet to actually refute any of my points using facts and logic. Begging.
If pricing in gold makes no sense, if you have anything made of gold or silver or copper. Send it to me, I'm sure its price will go up relative to the dollar in the short and long term. God knows you don't need it.
A gallon of gas in 1964 cost 22 cents. 22 cents of silver in 1964 would be worth what, $3 today? Hmmm.
If you kept that 22 cents in a savings account you'd have a few dollars. If you had it in the DOW, you'd have $2.50. The dollar has lost more than that since then.
Pricing in terms of gold makes no sense, but gold has value so saying I should send it to you is stupid. You, on the other hand, said fiat paper money has no value, which is why you should giveit to me.
Don't be a hypocrite. If you say fiat money has no value, then get rid of it and never use it again.
Nothing I've expressed has anything to do with thinking gold is a "fiat metal.;" That makes no sense. Gold is just a commodity that is sometimes used as an inflation hedge or a safe place for money. That doesn't mean it is money, anymore than oil is.
I never said the fiat dollar wasn't legal tender. I am going to have to live with that as long as people like you insist on controlling policy.
The fiat dollar has value, but it is merely the amount someone decides its worth. If gold is at 1000 dollars, that means people are willing to trade 1000 fiats for it.
It doesn't take much to cause a loss of confidence in the fiat dollar, however. Its Happening Now.
Your confidence in the recovery depends so much on Bernanke, Obama, Geithner and the rest all doing the EXACT right thing at the EXACT right time. Even if the stimulus does do its Keynesian magic (which it wont) we are doomed because they will just print us to death.
You have confidence in the Fed raising rates as inflation gets out of control? I sure as hell don't because they can't. If the Fed raises rates, our federal government goes bankrupt. Not going to happen. PRINT.
The Fed gets things wrong more often than right, but this needn't be the case. We need an FOMC that isn't ignorant and concerned about inflation during a period with significant deflationary forces. The problem is that the Fed hasn't created enough new money soon enough.
I don't believe in the Federal Reserve banking system. I don't think its viable at all, but I trust Ben Bernanke with monetary policy more than I trust you with it. And I don't trust helicopter Ben at all.
When you you ever seen money supply drop or even level off? Money supply has risen 142% in 2 years. You think that isn't fast enough? You think that isn't enough new money? The money supply is growing faster than brain cancer.
If this slight annual inflation you talk about has been harmful, then why has real GDP growth of 3%, matching the 150 year trend, continued?
If we've so dampened our growth with money printing, then why do we have the highest GDP/capita in the world?
And if you want an example of the money supply dropping, just look at 1933 when it fell 1/3 or 1983 when Volker took interest rates to 21% to tame the high inflation rate.
Also, we have the worst recessions and some of the worst fundamentals compared to many countries. What do we make here? If the dollar drops too much, EVERYTHING we buy will be too expensive since its ALL imports anyway.
Commodity backed currency has a long history of lasting hundreds of years until being transformed into fiat systems so governments can waste a ton of money and then they collapse.
Fiat systems have a long history of lasting 10, 20, 50 years and then collapsing.
You think we invented fiat currency and its a big success story? We are just dabbling with a long failed idea.
Leeches were used for hundreds of years to treat illnesses caused by infectious diseases. Does that make it right? How about the Aristotolian physics which dominated for centuries? Is that right too?
And commodity-backed currencies have failed far more often than fiat money. Just look at the free banking era in the second half of the 19th century in the US. There was no Fed then, and yet bank crises were more common than today. This was the "Wildcat" banking era.
Lack of a central bank is not the same thing as fiat money. Most of the currencies in the 19th century was not backed by gold or anything.
Companies were printing their own dollars for use in their own stores. This is not a real commodity backed currency at all. If X bank goes under, X currency is worthless. How is that backed by anything at all?
What if the leaches worked, is it necessarily wrong?
By your example, fiat is the leaches. Commodities are the medicine.
Wrong. Godl was often used to back private currencies and where it wasn't, people were obviously willing to back paper money. So either way, the market failed.
You can't say the market didn't fail when you say that there were some non-commodity-backed currencies that people trusted.
If I had a currency printed by the First Bank of New Jersey or something back in the free banking era, and that bank failed, all my paper was suddenly WORTHLESS.
All the bank runs through history were the result of either fractional reserve banking, no reserve banking or fiat made up currency with no reserves.
Back when people use to trade their dollars for gold but the banks ran out of gold. That was the problem with old standard, not the gold itself.
A free market as far as what? People were idiots for holding dollars back then. The dollars were as worthless as today's dollars.
What gives the dollar its value? You say because people will accept them as payment. And why is that? LIMITED SUPPLY. If dollars had an unlimited supply, they would be wallpaper or napkins.
That is the problem. The free market isn't determining supply. The supply does not track with GDP or jobs or anything. The supply increases because Ben likes it..
And if the free market failed back then, what caused the failure now?
We haven't had anything that really resembles a free market since the 1960's, back when this country was successful. If you say capitalism failed now, you don't know how our system works.
Interestingly, banks don't issue gold, so there is no risk of your "gold bank" failing and your currency becoming worthless.
Same thing if you have a basket of commodities backing the dollar. You don't need to worry about the fed devaluing gold, silver, oil etc. making your dollar worthless.
If I am a bank and have 100% of my currency issued in reserves with gold, I practically can not fail. EVERY loan would have to default. EVERY person would have to redeem the currency for the gold. EVERY person would have to take their money out of the bank to fail.
Banks that failed had fractional reserves.
Do you know what reserve banking is? What Federal Reserve means?
We practice fractional reserve banking today and back when we had wild banks. Look it up.
The reason that is the case is do to NEWSFLASH the Federal Reserve system.
If i was a bank holding millions of dollars in reserve that were being inflated away constantly, you would lose so much wealth, so much money, you would be out of business.
The Federal Reserve System punishes full reserve banking. You want to have the lowest reserves possible.
A commodity system REWARDS banks for having high reserves. A commodity money system makes banks WANT THE SECURITY of high reserves.
If I do fractional reserve banking, I might have say $10 in reserve, but lend out $100 I don't actually have. This is how banks go under.
If we had convertible currency, with 100% reserves, MY BANK LITERALLY COULD NOT FAIL from a currency collapse or a few bad loans. I would need to make a complete and utter hash of it to fail.
I might lose profits, maybe even go out of business, yes, but my depositors would NOT LOSE ANYTHING.
Great lesson. Now let me give you a far more fundamental one on market equilibria.
No law prevents banks from being full reserve banks. The same was true during the free banking era. Yet, no bank chooses a 1-1 reserve ratioi. This is because banks that have fractional reserves can pay higher interest to depositors, as opposed to requiring fees to store money, or offering much lower interest rates. It's obvious that the markets prefer fractional reserve banking.
Yes, free markets do support theft and murder. So, why do you think the market always gets it right? Or, why do you think the market often gets it right?
Government is called upon to socially regulate in the interests of preventing murder, theft, fraud, and other crimes. Free markets operate by the law of the jungle. Why would the economics be any different? They aren't.
This is why people have always supported fractional reserve banking. It's also why millions still read astrological updates. Most people are very stupid and the idea that a sum of that stupdity always leads to optimal eqilibria is absurd.
If I'm wrong, demonstrate it empirically and mathematically.
The same with FOX, he was banned from Cavuto because he did not tow the party line of BUY BUY BUY and he predicted all that we have. Well, that doesnt play well with Wall Street so he was cut...He is a practical genius with the guts to tell the truth.
Good lord, some individuals just don't want to understand how screwed up our goverment can be. We "were" the powerful nation on earth, but it's time to realize that we are not the only one powerful nation anymore. is that a problem? No, USA will still excist and life goes on, besides we still have Disney world. If that goes bankrupt, uhm, oh well, we create something else, big deal.
Faux News represents the free market?! Just another MSM mouthpiece for communist-style centrally planned economies! Kowtow to Tim Geithner! Obama's mother worked for his father.
In 1998 Rogers went on CNBC and told those guys the tech bull was getting long in the tooth and to sell into strength. Those guys laughed at him. It kills me when these wash out talking heads tell a self made billionaire at age 37 he's wrong about money. Folks, there might be one or two buy opps left for commodities, I'd take them. Listening to guys like Rogers has made all the difference to me and mine. kirkspano . com
This girl is an idiot. She and her network are getting pissed off because she cant hack the fact that the good ol USA (the government) are screwing it ip big style. Pride and national ego abounding there. And guess what comes before the fall. She rolls her eyes at one of the greatest investment minds of the last forty years. Arrogant little madam.
the us doesn't have the luxury/good sense of domestic savings that japan did to actually fund bailout nonsense. we're up shit creek without a paddle. it's funny talking to someone from brooklyn, i'm a country boy who hasn't been outside northern california much. hope you got gold, guns, and good luck. yee-haa!
ur handle reminds me of that movie biodome lol.. And yeah being a Libertarian in nyc can be kinda frustrating.. and yes im fully prepared for the economic collapse/martial law coming..
i can't decide if it is going to be worse in big cities or in rural areas. i was going to "red dawn it" (rip swayze) in the sierra nevada but maybe cities might be better? what do you think? would you high tail to up state or stick it out gangs of new york style?
well the big cities have a micro-economy of their own so theyll be the last to suffer from the economic downturn,, NYC for example is in much better shape then rural areas.. but when the shit hits the fan and dollar becomes toilet paper, a pro gun state up north like PA or montana would be the best place to be.. Stay way from big cities or states bordering mexico..
It's unfortunate that a formerly successful securities analyst like Rogers now goes around the world embarrassing himself like this. It almost makes me want to cry, but it's like a trainwreck. I can't quit eturn away.
Yeah. Telling the truth to imbeciles is embarrassing sometimes. Rogers might not get invited to the next cocktail party on Wall Street. Whopty effing do.
My data is from econometrics itself, as measured against actual events.
tiny(.)cc/EconometricsIsBullShite
There are sound theoretical reasons to reject econometrics.
tiny(.)cc/BetterThanEconometrics
"Econometrics not only attempts to ape the natural sciences by using complex heterogeneous historical facts as if they were repeatable homogeneous laboratory facts; it also squeezes the qualitative complexity of each event"
Econometrics is methodologically flawed. Hopelessly so.
Bullshit. Give me some examples of modern economic concepts for which this is true and show me the specific methodological problems in the relevant peer-reviewed journal articles.
Well first, you've equivocated already. We're disputing the status of econometrics as a method. But here you've switched the question to "modern economic concepts." Your kind of bait-and-switch is truly bullshit.
Are you seriously telling me you have never seriously considered the Lucas and Sims critiques? You've never digested Rothbard's and Mises' devastating methodological critique of econometrics? All of this is peer reviewed.
Well, I am uninformed about econometrics. I won't deny that. I'm not an economist. Given that fact, why don't you mention some econometrics that are bullshit to you.
lol this guy is worth a gu zillion bucks and this alexis bitch prolly sleeps with some tv hot shot to get her mercedes paid for and she wants to lecture him on monetary policy and markets...
She is insufferable. A true cure for concupiscence! As ShootBigBird said, she is a life-sucking bitch. I'd rather read Vogon Poetry than wake-up next to her!
its the classic pick your poison. Lower interest rates pump money into the economy and create easy money policy and you inflate the currency and prolong a recession or, increase interest rates and implement a more tight money policy and you crush the economy but the currency would eventually strengthen and when the recession ends the economy will be back up and running again. Which would you choose?
Why does she put so much trust and faith in our economic "experts"? Maybe her ego just can't handle the fact that they f*cked up and she supported them throughout.
Why is she yelling at Jim Rogers? Start yelling at Washington DC (Den of Criminals). We were promised hope & change...we got blame and complain.
sithjedi71 7 months ago
@APRtunedAudi Markets are anti competition by their nature. They do not seek inclusion but rather maximizing profits for the owners/ruling class. When you remove government regulation, you get rule of the fittest a la Somalia. You free marketeers are no less utopian than Marx. A complete farce.
@Artiomshev..the bimbo is there to lob softballs to this right wing clown and she did a good job.
Blueslide 1 year ago
why am I watching this? lol
haoward300 1 year ago
This clown hates America and loves slave labor. He also does not allow criticism on his blog. A classic capital fascist if ever there was one. This guy is a dino that needs to die off.
Blueslide 1 year ago
Fox viewers are real patriots! They LOVE America so...much that they spend most of their time running to the "good ole" Walmart down the road to buy more gunracks, camo baseball caps, "we support the troops stickers" and guns... ALL MADE IN CHINA %100!...
When they aren't doing that, they're sitting on and in a room full of Chinese products, staring at a Korean or Japanese TV set, sucking in all the "America Is Number One" treacle FOX News can provide.
cioccciocc 1 year ago
She never did say what Ben, Timmy and Barack are doing right. Just shout louder as a distraction.
walktheworld 2 years ago
is it true this bimbo worked at goldman sachs?
tylersilverchoice 2 years ago
If that is true then everything is clear to me now.
jeremyraybrown 2 years ago
Allow people/ companies to fail. Do it the american way by allowing new people and new ideas succeed and lead. govt should stop throwing hard earned common man's money at failed stuff like GM and zombie banks. what a disaster
finan2004 2 years ago 2
Wow, this lady is soooooooooooo stupid. "But Jim, I went to Columbia university and got brainwashed in Keynesian economics, so I have to keep the asking you the same questions over and over again, because I am fucking brainwashed. Don't you understand? But Jim..."
philolson321 2 years ago
all these bimbos need to use the pile theory when interviewing.... if their money pile is bigger than yours .. shut up and let them explain how their pile got so big
RIPPED7399 2 years ago
this bimbo has to be the worst of the worst ... the only thing she knows is what her left wing harvard prof. (whom she was prolly doing) told her.... lol such a buffon
RIPPED7399 2 years ago
oh my god this BIMBO GOT NO FUCKING BRAINS, HOW THE FUCK DO THEY GET JOBS LIKE THAT. fact : 80% of americans are fucking idiots. god help me and the world
artiomshev 2 years ago 5
@artiomshev I'm just as worried as you are by the ignorance in this world. Unfortunately I have learned there is only one way out, make as much money as possible and invest it wisely. That way you have the freedom to do what you want.
jeremyraybrown 2 years ago 2
Rogers was having fun, Alexis was in over her head.
jeremyraybrown 2 years ago
I'd fuck her mouth.
jimbobanalbeats 2 years ago
REason why she is on tv is because ppl already used her mouth for that reason
boygenius215 2 years ago
Indeed!
jimbobanalbeats 2 years ago
She's not that hot. Definitely not hot enough to ask those dumb questions and pointless broken sentences.
jacobstanley1979 2 years ago
Yes Jim, if Washington would go on vacation for two years the market would correct itself.
caupachow 2 years ago
"You're bad for my nervous system!" ROTFLMAO
joselitosering 2 years ago 2
Typical women to believe in the people in power. Shes hot but!
jsaw2006 2 years ago 4
Alexis,
If Ben Bernanke, Tim Geithner and Alan Greenspan were not stupid enough, why whould they have to get a job in the Capital Hill.
If they were only a little bit smarter than there are, they would have applied a job as you are doing now.
ritual45man 2 years ago
You see the look on JR's face when this "Media-Whore" was asking him questions....like she's edcuated....moreover, like shes a man with an economics degree and smart!?!?... The only thing she most likly invests in is the latest Louis Vutton Purse, claiming it's going up in value.... She should be a reporter on Dancing w/the Stars!!!!!!
AvidLifestyle 2 years ago
Shouldn't she be making coffee and answering the phones? Or better yet cooking dinner for her her man. Leave the "debating" to the grown ups.
onetondrumbum 2 years ago
Alexis you do not listen, you asked the same questions three times. Yes, he believe the people in Washington have it wrong.
Just because a person has a position of power does not mean they know what they are doing!
Just because someone studied something in detail (e.g. Bernakee on Depression) does not mean they came away with the correct conclusions.
Perhaps read a book on Austrian economics.
ndpappas 2 years ago
If gold is money, then take a gold necklace to the store and try to buy groceries with it.
Zeldovich 2 years ago
lol! I love it!! He is totally school this dim wit.
burningred2121 2 years ago
It is the anchors job to put on a demeanor of contention to make people pay attention. I don't think that she really believes the things that she is saying.
MORCOPOLO0817 2 years ago 2
I would hope so, but coming across as being totally ignorant might turn some viewers off.
bobdole57 2 years ago
What a dumb hooker.
capoman1 2 years ago
This was the bottom for stock markets all over the world and this idiot completely missed out on it.
Zeldovich 2 years ago
bottom relative to what, the dollar? Compared to the stuff Jim Rogers has invested in, he has made far more money than he could have in the DOW or S&P.
Stock markets are quoted in currencies, not gold or other stocks. Relative movement is what counts. If you measure the DOW relative to gold, at 10,300 and rising, it is LOSING value.
bobdole57 2 years ago
Really? What's his rate of return been over the last few years? How about the last 20?
And measuring prices in terms of gold makes no sense, because there are supply and demand dynamics with respect to gold that have nothing to do with a function as a store of monetary value. For example, mining can slow down as supplies are exhausted, or demand for industrial uses can go up or down, sometimes significantly. Like the Austrians, you make no sense.
Zeldovich 2 years ago
Gold mining increases the total supply of gold each year by something like 2% of all the already mined gold in existence. Gold has a limited supply. If you actually look up what money is, it is gold. A scarce commodity that holds its value and serves as a medium of exchange.
If you look at the inflation rate vs. the prices of gold, for the last century, they match each other inversely almost perfectly. As the dollar goes down, the price of gold goes up.
bobdole57 2 years ago
Well, first, dictionary definitions are meaningless. The word "suck" as an adjective or adverb was being used for many years before it showed up in dictionaries. Besides, your definition isn't even correct. Money is anything of value that serves as a medium of exchange. It doesn't matter if it's seashells, cigarettes, baseball cards, or fiat bills. If you don't believe that's true, then send me all your fiat bills and I'll put them to good use.
Zeldovich 2 years ago
So everything else i said was true. And my definition of money includes cigarettes, and the like. Seashells are not money as they are not fungible, neither are baseball cards. Fiat bills are bills of credit, they have no real value just a monetary numeral.
Do you think it is reasonable that the DOW is up to 75% of its pre-crash highs while unemployment is up 400+%?
Whats that called when prices rise again? Whats it called when money supply rises faster than the economy grows? INFLATION
bobdole57 2 years ago
Hmmm. Let's see. If people hoard money, as they continue to do today, you can pretend that supply and demand applies to everything else in the universe, except fiat money. Could it be that hoarding means that the supply of dollars falls short of the demand for them? Could be. This is what happens with deflationary pressures. Inflation only causes prices to rise too high when the money supply expands beyond GDP growth at full employment.
Zeldovich 2 years ago
People hoard money when they know it will be worth less later. If you are in an inflationary cycle, you are rewarded if you SPEND NOW. Not hoarding.
All the gold in the world right now is basically already owned by people. All gold ever does aside from the small amount mined is change hands. If someone has gold and needs a TV set or a car, they sell it. If I need gold and don't need a TV or a car, I buy gold.
Look at the money supply vs. GDP over the past 10 years. Inflation.
bobdole57 2 years ago
You are absolutely wrong. When people think their money will be worth less in the near future, they will spend more of it. If they don't, they'll be paying higher prices later. It's when people expect prices to go down that they spend less, because some of what they want to buy will soon cost less.
Zeldovich 2 years ago
Actually, you are right. I meant when the money is worth less later, they spend. I kinda slipped in and out.
I said people spend more now with inflation. Which is correct. At the same time i said people hoard with inflation, which is the opposite. Sorry for the mistake.
bobdole57 2 years ago
Before you criticize Austrian economics, try to learn something.
All you Keynsians live in a stupidly optimistic world where all problems can be solved with inflation. Inflation makes you poorer, not richer.
Stimulus is inflation. The bailouts are inflation. Nothing is more valuable, there is no more money. You can't buy any more. The numbers are just bigger.
$100 wouldn't seem like so much if a loaf of bread cost $50, a can of Pepsi $25.
Oh inflation is just a conspiracy theory.
bobdole57 2 years ago
I'd read Hayek, Mises, and Rothbard. Have you? Did you know Hayek withdrew his support for liqudationists policies by the late 30s?
And how is it that anyone who disagrees with Austrians is Keynesian? There are many other schools of economics and you pointing only to Keyensians lets me know you know nothing about economics. Was MIlton Friedman a Keynesian? No, he was a monetarist.
Do you know what freshwater and saltwater economists are? You can't learn economics by watching TV.
Zeldovich 2 years ago
I assume you are a Keynesian because if you weren't, you realize the DOW at 10,000 right now is a total joke.
Any real economic system acknowledges the fact that you cant stimulate a free market. You cant hold prices up when they need to drop. You cant inflate to bring wealth.
bobdole57 2 years ago
You have no idea what my view is on the fundamentals underlying the current Dow quote.
Zeldovich 2 years ago
Well, when priced in dollars, of course gold goes up if the dollar goes down. lmao So does anything that can be purchased in dollars, including imported tampons. Are tampons money?
Zeldovich 2 years ago
Somehow I'm doubting every man, woman and child would find a use for tampons.
Tampons are also a manufactured good. The supply fluctuates at the whim of the manufacturer, just like the dollar.
Kotex decides to double production. The federal reserve decides to double dollars.
Remember what I said about gold being a SCARCE commodity? You can't inflate gold.
bobdole57 2 years ago
No, the price fluctuates with supply and demand, just as for dollars or anything else. Again, if your dollars are no store of value, let me take those worthless things off your hands.
Zeldovich 2 years ago
I was just following your logic.
Zeldovich 2 years ago
Also, pricing in dollars makes no sense. What is a dollar? What does it buy you.
If you have your money in the DOW right now, you are losing purchasing power. If the DOW goes up 0.5% but the dollar drops 1.0%, you just lost 0.5% of your buying power. You lost money.
Wait until prices catch up with the current level of inflation. You'll realize DOW 10,000 wasn't so great. The DOW would have to be at 15,000 right now just to match the purchasing power of the DOW at 10,000 in 1999.
bobdole57 2 years ago
If pricing in dollars makes no sense, then send me your dollars.
And when it comes to the dollar, I can just as easily invest in a stock that loses .5% while the dollar goes up 1% and gain .5%.
The dollar gained 31% during the meltdown, while idiots like the Austrians were saying to stay out of the dollar. Would you have liked 31% more purchasing power to buy historically cheap assets with?
Then, if the value of the dollar goes down, you can just buy gold and exchange it for dollars
Zeldovich 2 years ago
The reason the dollar went up is where are you going to go? You either buy stuff, or hold dollars. If you aren't buying stocks, and you aren't buying anything else, you are holding a ton of dollars.
Plus, you cant just buy an ounce gold for $1000 and sell it for $1000 and magically make your dollars worth more. You have to HOLD that gold as your dollars LOSE value. Then the GOLD IS WORTH MORE DOLLARS.
Do you disagree that as cumulative inflation rises gold rises proportionately? Answer.
bobdole57 2 years ago
No, obviously cumulative inflation (whatever that means, probably nothing) can rise as gold prices fall. If the increase in supply outstrips the increase in prices caused by inflation, gold will move in the opposite direction. The same is true if demand for gold, say industrial demand, falls enough.
More importantly though, why would you want a gold standard when you can just buy gold and sell it later if the dollar loses its value? You make no sense. You don't need a gold standard.
Zeldovich 2 years ago
Cumulative inflation is the total devaluation of the currency. The dollar is worth essentially 10 cents on the dollar from 1971, as an example.
bobdole57 2 years ago
Who said anything about the gold standard? I never did. I said gold is an inflation hedge. Thats all. All scarce durable commodities are.
I would advocate a commodity backed money, not just gold.
What does fiat give you? What are the advantages?
bobdole57 2 years ago
iIt gave me the advantage of borrowing at low interest rates here when the dollar went up 31% last year so I could loan and invest in even more depressed foreign markets with higher interest rates. It's very profitable.
Zeldovich 2 years ago
Ok, so fiat currency allows people to borrow money than they should be able to given market set interest rates in a depression caused by fiat currency. Thats brilliant.
Also, right now, its actually sort of tough to get good rates. the banks are all hurting. The Fed rate is at or near 0% for banks not the proletariat. When you are a bank losing money, you borrow at 0% and lend at 10%, 20% etc.
bobdole57 2 years ago
Borrowing more than I should? How do you know pepole are borrowing more than they should?
And we're not in a depression.
And the fiat money didn't cause his recession. Everyone did. Bank management got bonuses, stock and bondholders got capital appreciation, consumers got higher wages and more credit, producers and resellers got increased earnings, and politicians took all the credit. People build bubbles, because just about everyone loves them. Everyone benefits until the end.
Zeldovich 2 years ago
A bubble by definition is an inefficient allocation of resources. When you can borrow money cheaper than the market suggest, that is an inefficient allocation of resources.
A falling economy corrects this. When houses cost to much, the price drops, inventory sells off and the market recovers.
What does Obama, Bernanke and Geithner do? Build more houses, try to hold prices up as people make less and less money or go unemployed. As an example.
Stimulus and fiat ruin free markets.
bobdole57 2 years ago
Well, each individual is rational in a sense when they lower their consumption during economic downturns. The problem is, when jeverybody does this, consumption falls below the level that the misallocation justifies. That is what the government has to guard against. Had these mortgage losses occurred in the absence of the paradox of thrift, We sould have easily absorbed them while avoiding a recssion. We'd have only had a slowdown.
Zeldovich 2 years ago
But even when the end comes, many have made more money than they'll ever lose, especially if they ride out the storm and bask in the recovery.
Zeldovich 2 years ago
You call this a recovery?
I ask again, you think it is reasonable that the dow is over 10,000 with 400+% and rising unemployment? You think our economy is worth that?
If you think stocks being valued higher in dollars for a few months is a recovery, look what happened in 1930. This is even worse than that was.
bobdole57 2 years ago
How on earth is that following my logic?
Here is the crux of my argument: The dollar heads down as the market goes up. Thats not real growth. You would have had to of spent that money BACK IN TIME to profit.
If you bought certain commodities, saved in gold or bought foreign stocks, you could have made money.
I'll go out on a limb and say Jim Rogers has made a hell of a lot more money in this recession than you have. Not just total worth, but rate of return on investment as well.
bobdole57 2 years ago
Of course it's real growth. WE can spur real growth with inflation. A falling dollar not only means increased exports, which we've seen, but also that the money supply is keeping up with demand so that workers, lenders, and savers can take small, temporary cuts to pay for the misallocation of resources during the boom, instead of having mass unemployment in which the reallocation can't take place nearly as quickly. The inflation also helps personal and business balance sheets.
Zeldovich 2 years ago
First of all, we import far more than we export. Any clothes, electronics, a lot of fruits and vegetables, steel, tires, pots, pans, spoons, and cars GET MORE EXPENSIVE because of a falling dollar. Believe you me, we lose a lot more on imports than we gain on exports.
Also, since the weak dollar causes those prices to rise, especially since people unemployed or getting pay cuts, higher prices don't help the balance sheets.
Inflation = more money = higher prices
bobdole57 2 years ago
First, the trade and current account deficts have lowered considerably during this downturn.
Second, if prices are rising, they're barely so and without the government we'd be in a deflationary spriral by now.
Zeldovich 2 years ago
Prices need to drop. When people make less money, and 16% of the work force is unemployed, that is as if prices rose.
When people make less and have to buy less, PRICES MUST DROP.
bobdole57 2 years ago
If America had no imports, and just exported MRI machines and wheat, you'd be right in the short term, however this isn't true so in the long term and short term, inflation hurts.
Otherwise, we'd actually see improvements... GDP rises 3.5%, well gee I'd hope so if you dump a trillion dollars on the economy.
In real terms, we are getting worse, not better. Unemployment is rising, not dropping. Wages are dropping. Prices are rising. People are hurting.
Praise the Stimulus!
bobdole57 2 years ago
How is going from -6% retrenchment to 3.5 percent growth not improving?
And where is this evidence that prices are rising? The CPI is a poor measure of inflation. The GDP deflator works much better.
Zeldovich 2 years ago
None of that 3.5% rise in GDP is growth thats the point. We have more money, but LESS production, LESS spending, LOWER wages.
You are kidding yourself if you think that 3.5% rise in GDP due purely to stimulus means growth. It just doesn't.
bobdole57 2 years ago
So far every time I make a comment explaining my point of view and how your facts are flawed, you come back with some asinine, ill informed statement that makes little sense. You have yet to actually refute any of my points using facts and logic. Begging.
Good luck with life chap.
bobdole57 2 years ago
If pricing in gold makes no sense, if you have anything made of gold or silver or copper. Send it to me, I'm sure its price will go up relative to the dollar in the short and long term. God knows you don't need it.
A gallon of gas in 1964 cost 22 cents. 22 cents of silver in 1964 would be worth what, $3 today? Hmmm.
If you kept that 22 cents in a savings account you'd have a few dollars. If you had it in the DOW, you'd have $2.50. The dollar has lost more than that since then.
bobdole57 2 years ago
Pricing in terms of gold makes no sense, but gold has value so saying I should send it to you is stupid. You, on the other hand, said fiat paper money has no value, which is why you should giveit to me.
Don't be a hypocrite. If you say fiat money has no value, then get rid of it and never use it again.
Zeldovich 2 years ago
I said you should give me all your gold. You think gold is just fiat metal or something. I don't know whats running through your head.
You are the one who doesn't like gold, thinks its just stupid shiny stuff. Give it to me then.
bobdole57 2 years ago
Nothing I've expressed has anything to do with thinking gold is a "fiat metal.;" That makes no sense. Gold is just a commodity that is sometimes used as an inflation hedge or a safe place for money. That doesn't mean it is money, anymore than oil is.
Zeldovich 2 years ago
OIL IS MONEY! You get it now. Oil is a scarce commodity. I would be very confident with a currency backed up with gold, silver, oil. Wouldn't you?
bobdole57 2 years ago
I never said the fiat dollar wasn't legal tender. I am going to have to live with that as long as people like you insist on controlling policy.
The fiat dollar has value, but it is merely the amount someone decides its worth. If gold is at 1000 dollars, that means people are willing to trade 1000 fiats for it.
It doesn't take much to cause a loss of confidence in the fiat dollar, however. Its Happening Now.
bobdole57 2 years ago
we can take a look at fiat's track record if you want, but it might be a bit embarrassing for you.
bobdole57 2 years ago
Your confidence in the recovery depends so much on Bernanke, Obama, Geithner and the rest all doing the EXACT right thing at the EXACT right time. Even if the stimulus does do its Keynesian magic (which it wont) we are doomed because they will just print us to death.
You have confidence in the Fed raising rates as inflation gets out of control? I sure as hell don't because they can't. If the Fed raises rates, our federal government goes bankrupt. Not going to happen. PRINT.
bobdole57 2 years ago
The Fed gets things wrong more often than right, but this needn't be the case. We need an FOMC that isn't ignorant and concerned about inflation during a period with significant deflationary forces. The problem is that the Fed hasn't created enough new money soon enough.
Zeldovich 2 years ago
I don't believe in the Federal Reserve banking system. I don't think its viable at all, but I trust Ben Bernanke with monetary policy more than I trust you with it. And I don't trust helicopter Ben at all.
When you you ever seen money supply drop or even level off? Money supply has risen 142% in 2 years. You think that isn't fast enough? You think that isn't enough new money? The money supply is growing faster than brain cancer.
bobdole57 2 years ago
If this slight annual inflation you talk about has been harmful, then why has real GDP growth of 3%, matching the 150 year trend, continued?
If we've so dampened our growth with money printing, then why do we have the highest GDP/capita in the world?
And if you want an example of the money supply dropping, just look at 1933 when it fell 1/3 or 1983 when Volker took interest rates to 21% to tame the high inflation rate.
You don't seem to know what you're talking about.
Zeldovich 2 years ago
Like we are the only country that prints money.
Also, we have the worst recessions and some of the worst fundamentals compared to many countries. What do we make here? If the dollar drops too much, EVERYTHING we buy will be too expensive since its ALL imports anyway.
bobdole57 2 years ago
Commodity backed currency has a long history of lasting hundreds of years until being transformed into fiat systems so governments can waste a ton of money and then they collapse.
Fiat systems have a long history of lasting 10, 20, 50 years and then collapsing.
You think we invented fiat currency and its a big success story? We are just dabbling with a long failed idea.
bobdole57 2 years ago
Leeches were used for hundreds of years to treat illnesses caused by infectious diseases. Does that make it right? How about the Aristotolian physics which dominated for centuries? Is that right too?
And commodity-backed currencies have failed far more often than fiat money. Just look at the free banking era in the second half of the 19th century in the US. There was no Fed then, and yet bank crises were more common than today. This was the "Wildcat" banking era.
Zeldovich 2 years ago
Lack of a central bank is not the same thing as fiat money. Most of the currencies in the 19th century was not backed by gold or anything.
Companies were printing their own dollars for use in their own stores. This is not a real commodity backed currency at all. If X bank goes under, X currency is worthless. How is that backed by anything at all?
What if the leaches worked, is it necessarily wrong?
By your example, fiat is the leaches. Commodities are the medicine.
bobdole57 2 years ago
Wrong. Godl was often used to back private currencies and where it wasn't, people were obviously willing to back paper money. So either way, the market failed.
You can't say the market didn't fail when you say that there were some non-commodity-backed currencies that people trusted.
Zeldovich 2 years ago
If I had a currency printed by the First Bank of New Jersey or something back in the free banking era, and that bank failed, all my paper was suddenly WORTHLESS.
All the bank runs through history were the result of either fractional reserve banking, no reserve banking or fiat made up currency with no reserves.
Back when people use to trade their dollars for gold but the banks ran out of gold. That was the problem with old standard, not the gold itself.
bobdole57 2 years ago
Either way, you have to admit the free market failed.
Zeldovich 2 years ago
A free market as far as what? People were idiots for holding dollars back then. The dollars were as worthless as today's dollars.
What gives the dollar its value? You say because people will accept them as payment. And why is that? LIMITED SUPPLY. If dollars had an unlimited supply, they would be wallpaper or napkins.
That is the problem. The free market isn't determining supply. The supply does not track with GDP or jobs or anything. The supply increases because Ben likes it..
bobdole57 2 years ago
People chose to invest in banks with fractional reserves before there was a Fed. So, was the market wrong or are you wrong?
Zeldovich 2 years ago
Ok ok, the market was wrong as far as selling people gold that wasn't really theirs.
I am not against a law saying if you have certificates redeemable for gold or silver or oil or whatever that THAT STUFF REALLY HAS TO EXIST.
bobdole57 2 years ago
Otherwise uh, thats the same as STEALING FROM PEOPLE. Which is not advocated by free market supporters.
bobdole57 2 years ago
And if the free market failed back then, what caused the failure now?
We haven't had anything that really resembles a free market since the 1960's, back when this country was successful. If you say capitalism failed now, you don't know how our system works.
bobdole57 2 years ago
Interestingly, banks don't issue gold, so there is no risk of your "gold bank" failing and your currency becoming worthless.
Same thing if you have a basket of commodities backing the dollar. You don't need to worry about the fed devaluing gold, silver, oil etc. making your dollar worthless.
bobdole57 2 years ago
Plenty of banks have issued gold coins or certificates redeemable for gold. I don't know what history you're reading. and many of these banks failed.
Bank failures have nothing to do with the type of currency used, but everything to do with the incentives inherent in banking.
Zeldovich 2 years ago
Thats utter bullshit.
If I am a bank and have 100% of my currency issued in reserves with gold, I practically can not fail. EVERY loan would have to default. EVERY person would have to redeem the currency for the gold. EVERY person would have to take their money out of the bank to fail.
Banks that failed had fractional reserves.
Do you know what reserve banking is? What Federal Reserve means?
We practice fractional reserve banking today and back when we had wild banks. Look it up.
bobdole57 2 years ago
I don't have to look it up. Commercial banks are currently required to have 1 dollar on deposit for every 10 dollars loaned out.
There's no law against founding a bank with a 1-1 reserve ratio, so why don't they exist? Why have they almost never existed?
Zeldovich 2 years ago
The reason that is the case is do to NEWSFLASH the Federal Reserve system.
If i was a bank holding millions of dollars in reserve that were being inflated away constantly, you would lose so much wealth, so much money, you would be out of business.
The Federal Reserve System punishes full reserve banking. You want to have the lowest reserves possible.
A commodity system REWARDS banks for having high reserves. A commodity money system makes banks WANT THE SECURITY of high reserves.
bobdole57 2 years ago
I'll give you a banker's lesson.
If I do fractional reserve banking, I might have say $10 in reserve, but lend out $100 I don't actually have. This is how banks go under.
If we had convertible currency, with 100% reserves, MY BANK LITERALLY COULD NOT FAIL from a currency collapse or a few bad loans. I would need to make a complete and utter hash of it to fail.
I might lose profits, maybe even go out of business, yes, but my depositors would NOT LOSE ANYTHING.
bobdole57 2 years ago
Great lesson. Now let me give you a far more fundamental one on market equilibria.
No law prevents banks from being full reserve banks. The same was true during the free banking era. Yet, no bank chooses a 1-1 reserve ratioi. This is because banks that have fractional reserves can pay higher interest to depositors, as opposed to requiring fees to store money, or offering much lower interest rates. It's obvious that the markets prefer fractional reserve banking.
Zeldovich 2 years ago
So, you have to say that the markets are wrong or that you are wrong. Which is it?
Zeldovich 2 years ago
By that logic free markets suggest it is good to murder and steal from people too.
You are one of those people who claim that Ayn Rand advocated eating old people.
If you knew anything about Austrian economics that was factual, you would know that the words you speak are nonsense.
bobdole57 2 years ago
Yes, free markets do support theft and murder. So, why do you think the market always gets it right? Or, why do you think the market often gets it right?
Zeldovich 2 years ago
The market always gets it right within the confines of your god given rights.
Why do you think I am a lunatic anti-constitution capitalist-anarchist?
bobdole57 2 years ago
Oh, I forgot, Ron Paul is out there telling everybody you should kill your neighbors and steal everything you can...
Please.
There is such a thing as spontaneous order. Everyone has the rights to life, liberty, property. Work it out.
bobdole57 2 years ago
Government is called upon to socially regulate in the interests of preventing murder, theft, fraud, and other crimes. Free markets operate by the law of the jungle. Why would the economics be any different? They aren't.
Zeldovich 2 years ago
This is why people have always supported fractional reserve banking. It's also why millions still read astrological updates. Most people are very stupid and the idea that a sum of that stupdity always leads to optimal eqilibria is absurd.
If I'm wrong, demonstrate it empirically and mathematically.
Zeldovich 2 years ago
If i got a cold coin, worth $10 from a bank that failed, and it had $10 worth of gold in it. That wouldn't be much of a problem would it.
The certificate might be, but only if that gold it is redeemable for was never actually mine, but a bunch of people's and someone got to it first.
bobdole57 2 years ago
I found a solution to both our problems.
You can keep worshiping at the altar of the Fed. Buy US equities and bask in the glory of your Fascist recovery.
I on the other hand will keep working hard, save in gold and invest in things that actually produce goods people need etc.
We can both sit back and watch your country and economy fall.
We'll see who wins out.
bobdole57 2 years ago
The same with FOX, he was banned from Cavuto because he did not tow the party line of BUY BUY BUY and he predicted all that we have. Well, that doesnt play well with Wall Street so he was cut...He is a practical genius with the guts to tell the truth.
007jjb 2 years ago
Wow, he made her look like an idiot!
newnoggin2 2 years ago
i think she made herself look like an idiot. he just reacted like a normal person....
rpsxnu 2 years ago
Good lord, some individuals just don't want to understand how screwed up our goverment can be. We "were" the powerful nation on earth, but it's time to realize that we are not the only one powerful nation anymore. is that a problem? No, USA will still excist and life goes on, besides we still have Disney world. If that goes bankrupt, uhm, oh well, we create something else, big deal.
nickfl1980 2 years ago
The government is really messed up now. Everything is messed up in this country now.
magics619 2 years ago
how is this woman allowed to interview anyone? Now i understand why rogers left this country
tg4nfl 2 years ago
Rogers is so different from the other Americans.
magics619 2 years ago
Faux News represents the free market?! Just another MSM mouthpiece for communist-style centrally planned economies! Kowtow to Tim Geithner! Obama's mother worked for his father.
hallmobility 2 years ago
jim's response at 3:09 is timeless!! "i'm saying.... WHAT!?!?!?!........ "
Beauty vs the Beast. Jim being the beauty
jhl247 2 years ago
Jim Rogers vs. Alicia
What a debate!
magics619 2 years ago
In 1998 Rogers went on CNBC and told those guys the tech bull was getting long in the tooth and to sell into strength. Those guys laughed at him. It kills me when these wash out talking heads tell a self made billionaire at age 37 he's wrong about money. Folks, there might be one or two buy opps left for commodities, I'd take them. Listening to guys like Rogers has made all the difference to me and mine. kirkspano . com
kirkydu 2 years ago 3
Jim should be our next President, my vote for him
vjnyusa 2 years ago
Comment removed
kirkydu 2 years ago
He is correct about commodity investing!!! I support the dialogue between them both-something about opposition wakes up a sleeping giant.
TRFTFR 2 years ago
This girl is an idiot. She and her network are getting pissed off because she cant hack the fact that the good ol USA (the government) are screwing it ip big style. Pride and national ego abounding there. And guess what comes before the fall. She rolls her eyes at one of the greatest investment minds of the last forty years. Arrogant little madam.
beevers48 2 years ago 3
WOW......She's so sharp, LOL!
Lingerfoot 2 years ago
I guess in 10 years we'll know whos right
SteveBKNY 2 years ago
more like 10 months!
bi0dude42O 2 years ago
i agree but these people will be in denial like Japan for at least 10 years lol..
SteveBKNY 2 years ago
the us doesn't have the luxury/good sense of domestic savings that japan did to actually fund bailout nonsense. we're up shit creek without a paddle. it's funny talking to someone from brooklyn, i'm a country boy who hasn't been outside northern california much. hope you got gold, guns, and good luck. yee-haa!
bi0dude42O 2 years ago
ur handle reminds me of that movie biodome lol.. And yeah being a Libertarian in nyc can be kinda frustrating.. and yes im fully prepared for the economic collapse/martial law coming..
SteveBKNY 2 years ago
i can't decide if it is going to be worse in big cities or in rural areas. i was going to "red dawn it" (rip swayze) in the sierra nevada but maybe cities might be better? what do you think? would you high tail to up state or stick it out gangs of new york style?
bi0dude42O 2 years ago
well the big cities have a micro-economy of their own so theyll be the last to suffer from the economic downturn,, NYC for example is in much better shape then rural areas.. but when the shit hits the fan and dollar becomes toilet paper, a pro gun state up north like PA or montana would be the best place to be.. Stay way from big cities or states bordering mexico..
SteveBKNY 2 years ago
I keep watching this all over again....alexis almost ask for CPR....lol
Captainbang1 2 years ago
a rat interviewing a lion....LMAO
Captainbang1 2 years ago
It's unfortunate that a formerly successful securities analyst like Rogers now goes around the world embarrassing himself like this. It almost makes me want to cry, but it's like a trainwreck. I can't quit eturn away.
Zeldovich 2 years ago
Yeah. Telling the truth to imbeciles is embarrassing sometimes. Rogers might not get invited to the next cocktail party on Wall Street. Whopty effing do.
TenseAlcyoneus 2 years ago
Rogers has no idea about macroeconomics.
Zeldovich 2 years ago
No. Macroeconomics has no idea about reality. It's the age old error of making the model primary over direct observation and logical inference.
TenseAlcyoneus 2 years ago
Where's your data?
Zeldovich 2 years ago
My data is from econometrics itself, as measured against actual events.
tiny(.)cc/EconometricsIsBullShite
There are sound theoretical reasons to reject econometrics.
tiny(.)cc/BetterThanEconometrics
"Econometrics not only attempts to ape the natural sciences by using complex heterogeneous historical facts as if they were repeatable homogeneous laboratory facts; it also squeezes the qualitative complexity of each event"
Econometrics is methodologically flawed. Hopelessly so.
TenseAlcyoneus 2 years ago
Bullshit. Give me some examples of modern economic concepts for which this is true and show me the specific methodological problems in the relevant peer-reviewed journal articles.
Zeldovich 2 years ago
Well first, you've equivocated already. We're disputing the status of econometrics as a method. But here you've switched the question to "modern economic concepts." Your kind of bait-and-switch is truly bullshit.
Are you seriously telling me you have never seriously considered the Lucas and Sims critiques? You've never digested Rothbard's and Mises' devastating methodological critique of econometrics? All of this is peer reviewed.
Where do I start, when you are so uninformed?
TenseAlcyoneus 2 years ago
Well, I am uninformed about econometrics. I won't deny that. I'm not an economist. Given that fact, why don't you mention some econometrics that are bullshit to you.
Zeldovich 2 years ago
Fair enough. I already posted a link to an analysis of peer-reviewed literature on econometrics.
Here: tiny(.)cc/EconometricsIsBullShite
Past that URL into your browser address bar, remove the parentheses, and check it out.
Do the same with this link: tiny(.)cc/BetterThanEconometrics
TenseAlcyoneus 2 years ago
This has been flagged as spam show
Jim stop wasting your time with these idiots!
27Glory 2 years ago
would this shrill bitch just shut up already.
trevormac77 2 years ago 2
glad I loaded up on oil stocks right after the collapse.
trevormac77 2 years ago
hmmm between those two who is the genius investor?
dpod916 2 years ago
Hahahaha what the fuck, she says something, Jim contradicts her, and she goes, "thats not what im saying! thats not what im saying!"
Yes, that is what you were saying, dumb bitch
dieyoung 2 years ago 3
lol this guy is worth a gu zillion bucks and this alexis bitch prolly sleeps with some tv hot shot to get her mercedes paid for and she wants to lecture him on monetary policy and markets...
RIPPED7399 2 years ago 5
She is insufferable. A true cure for concupiscence! As ShootBigBird said, she is a life-sucking bitch. I'd rather read Vogon Poetry than wake-up next to her!
weshelman42 2 years ago
LOL. Thats one of the funniest comments i've read ..
HymanKaplan 2 years ago
let this bitch go back to being a bartender and sleep around with a bunch of cocky losers.
Jim Rogers is wasting his time with this bimbo.
genius2005 2 years ago 3
its the classic pick your poison. Lower interest rates pump money into the economy and create easy money policy and you inflate the currency and prolong a recession or, increase interest rates and implement a more tight money policy and you crush the economy but the currency would eventually strengthen and when the recession ends the economy will be back up and running again. Which would you choose?
NWAsMostWanted 2 years ago
what a rediculous woman...she really should just shut up.
vsindelar 2 years ago
uncle sam's dick is so far up this bitches ass its not even funny!
brahimbug 2 years ago 3
Why does she put so much trust and faith in our economic "experts"? Maybe her ego just can't handle the fact that they f*cked up and she supported them throughout.
WJValente 2 years ago
Thanks for posting.
therighttoremain 2 years ago
this woman is an ant, went to school at the college cheesecake.
The man is a legend who gets it right, for all the world to see, a giant, a mastermind.
StylinRed 2 years ago
Why is he still wasting his time here? Save yourself Jim!
whereismybailouttv 2 years ago
she couldn't even defend her position consistently. The position itself is dumb as well, but her way of defending it....
myrelative 2 years ago
All show and no go! Imagine being married to that life sucking bitch. For Christ sake, Im chewing my arm off just watching bloody YouTube.
ShootBigBird 2 years ago 3
Comment removed
weshelman42 2 years ago
Man, she's so dumb that she makes me wanna chop off my own dick!
yjfoo81 2 years ago 3
Ha ha ha ,, NICE !!
kasdri 2 years ago
Comment removed
weshelman42 2 years ago
hahahaha, that was a good one!
danterada80 2 years ago