Jim Rogers, FED cuts will hurt Dollar, Yuan Up - Feb. 2008

[HamiDjoukou]

Question: When the U.S. Federal Reserve Bank lowers interest rates, what is the U.S. dollar supposed to do, according to the conventional economic "wisdom"? That's right, fall. So why then did the dollar gain Tuesday, March 18, after the Fed cut rates by a hefty 0.75%

[imnos482]

The dollar goes lower as the money circulates. It will take weeks to months for that money to cause the dollar to fall. I would say with the amount of money the fed has put into the system this past week, we are looking at another 5% loss of the dollar by the end of may.

[jb2134]

The dollar doesn't follow the FED exactly, every day. But over time it correlates (i.e. after Bernanke starting cutting rates in august, look at gold, oil, and the dollar. Gold is up about $250 an ounce since aug!).

When Bernanke prints money, it would be like playing monopoly, and the banker adds more money to the board. Prices get bid up. And if you were saving money, the value of your money goes down.

[HamiDjoukou]

Well, it's not that easy, look at the US dollar index and the 3 month US treasury Bill yield (5 year correlation LT chart from 1975 until now)

conclusion: no correlation!

[bschinzel]

As the Euro and Yen hit all time highs vs the dollar...

These things take time to ripple through the system

Speculators are not buying up oil futures, silver, and gold for their health. They are hedging the inflation that these morons at the fed are creating

[Capnwabbit]

The dollar will actually go UP in the short term because people will be getting "out of position" and seeking hard cash. Think of it as the calm before the storm...

[sugarpuddin88]

I'm not understanding why the word "recession" has become so stylish

Bottom line is the USA has pledged 96 Trillion to SS and medicaid (which equals 1 million per every adult in the USA); owes 10 Trillion in interest to the private bankers who own the FED; and the US dollar is not worth the paper it is printed on

What's the point speaking of "recession" - The economic mushroom cloud has already made its appearance

[Cloud87man]

The 70s are back! Get your pair of bell bottoms now before inflation hits 10%!

[Mojopokey]

Buy silver while you still can!

[markymarkuss777]

Severe Recession 2008, Mother of all Depressions 2009! Prepare now people!

[isgoodno]

Why are powerful traders who own individual shares allowed to spew obviously biased opinions about the very companies these traders own shares in. Especially when they are short, they should not be legally allowed to even talk about or express biases opinions on the companies.

[shaxmatist]

It's called freedom of speech.

Dont like it, turn off the speakers.

[isgoodno]

Jim Cramer is not allowed to short the stock of ANY company because of his show. Yet this china-loving grumy old fart is proudly shorting specific companies and spewing negativity about them in order to line his own pockets.

It's not a question of freedom of speech. It's against the law to talk down a company you are short. This guy must be based in china where the feds can't get him.

No wonder he's cumming all over china and shitting on america. He's not even living here.

[sianghan]

I watch business news for facts, not propaganda. If you want boot-licking US propaganda, switch to fox news. No, its not against the law to talk down a company when you're short. No, he's not based in China, he's based in Singapore. Where do you get this garbage from? And if you were to follow his advice over the past decade, your portfolio would be up 400%.

[jb2134]

Everytime I see a video or read an interview of Jim, his clarity is astonishing. He cuts through to the truth with a laser focus, he makes it look so simple.

All the guys on tv, the bloomberg anchors, they're all caught up in madness and the latest short term craze. It's amazing how successful you can be if you stay out of the noise and think rationally (and think for yourself).

[Twinaces22]

it is because it's that simple. take the fundaments ignor the bs, look in long term and you can see a clear picture, look in short term you views will be all over the place

[jb2134]

I've definitely taken Jim's advice, he's one of the reasons why I'm not in stocks, and won't be for awhile.

I wish the anchors on any of these channels (bloomberg, cnbc) would ask jim more about stocks, how he reads balance sheets, comparisons to previous markets. Or examples from the 19th century. Jim knows so much history, its a shame he only gets these little 30 second soundbites.

[codediporpal]

If you really want to see his clarity, go back and look at what he was saying 10 years ago.

[vendor72]

I'm delighted to be here watching Jim. It's like having free financial advice from a chum who is a billionaire not a poor broker. Priceless. Gives me confidence to invest and stick with my positions. Am up considerable with just four positions from last year. Bought GLD, SLV, QID, and DXD before the U.S went tit's up. Will continue to learn, read and follow people like Jim's insight while always been caucious. So few views yet this is all you need to know for your financial future.

[mkworkitout]

i really like jims attitude,its like hes saying

investment is so simple just look at the big picture, your overanalyzing if your not buying hard assets at this stage, so wise

[truthsabre7]

Gold, Silver, Euros, China.

[JP5466]

Jim Rogers is the man! Fantastic foresight.

[comenli]

I love listening to this. Thank you very much for posting it!!

[gizmo99uoft]

Thanks for the video. Been following Jim Rogers for a long time

[sassylassy526]

Good interview. Jim's the man. Would someone tell Carol that "hey listen" is not the way to address her interviewees. How can someone with such a speech pattern be on Bloomberg.

[brucec43]

I like Rogers too. But you need to realize that you don't have to defer to someone like they're royalty just because they're rich or prominent. She's friendly and informal. There are some people in this world who walk around with sticks up their youknowwhats and think that other human beings have to defer to them because of their status.

Nothing is more sickening than watching someone grovel to a Trump or someone else like that "yes mr trump, thank you mr trump".

[j25ack]

thx