Jim Rogers' quarrel with CNBC 2008.10.22

[MajorRugburn]

Jim is talking to cretins. it's beneath him.

[perstaetobdura]

5:41 says it all LOL. Poor old Jim was trying to contain his instincts to verbally beat this tool up.

[catalinaguerrero]

There is a reason martin is a silly tv host and jim a legendary investor

[fengqin821021]

Why deflation is bad for economy?

[jimxuan88]

Jim is right on commodities and gold price

[MrJunkyardBronson]

I agree, that guy is ugly!

[rmccay88]

That host is as clueless as one of the Fast Money panelists

[MrBeanage]

Those guys don't work on CNBC anymore.

[Swingpirate]

Jim is great, but he's wrong on the Great Depression. It wasn't that the FED failed to flood the system with liquidity, quite the opposite. He should read "America's Great Depression" by Murray Rothbard.

[YiDog21]

wow ive never seen someone treat a person as nice as jim rogers with such disrepect. this person should never be in allowed to have any future roles in broadcast journalism after this childish and amateurish performance, as that is not in any way the treat a guest, especially when its of such high profile of a jim rogers.

[BikiniBabe1985]

Peacespeech, you are incorrect. Jim Rogers is an Austrian student. Milton Friedman and his monetarist school did not oppose central banks or fractional reserve banking. Rogers does and so does the Austrian school

[throwerofturds]

jim always hammers one point over and over , his message is always very simple and easty to follow. ..and then some guy asks do you think the value of money is going down or something like that .. . it drives the poor man crasy at the stupidity of some of these people . he is very sincere and he cant stand fools

[1PrinceWilliam]

Jim Rogers could crush that tool with his wallet..I don't know why he would challenge a man intellectually about matters where his (JR's) portfolio would speak for itself.

[readthepaper]

Regarding the video's description I would have to disagree with the characterization of Rogers as a monetarist. Rogers has spoken favorably of Austrian economics, he wants the Fed abolished when central banking is a cornerstone of monetarism, and believes that bubbles should not be reinflated. I fail to see how you can say he is a monetarist by any stretch of the word. This is, of course, a good thing. Rogers is far too smart to believe in monetarist nonsense.

[mummyfunster]

I think they're both right. The interviewer has been correct for the past year. Inflation down the road - definitely. Continuous QE will see to that.

[Ampaccessories]

The interviewer is a sackless waste of space, pardon my language...

[Einstiensblackid]

He's right about what to do in deflation... and it be comin!

[beikepangzi]

Jim Rodger is wise, full stop!

[jacobromu]

Keynes!

[Einstiensblackid]

Johnny came lately. Should have come later.

[phonedial9]

all morons .. except for J.R.

[MrJohnpex]

Show some respect you stupid cog

[Theinfraredscope]

Fuck CNBC...Jim stayed reasonably

calm considering he was talking to a parrot...

[jimsnider34]

haha couldn't agree more.

[daridaist]

cnbc-e bloomberg etc. what they try to is to hide the truth instead of giving the truth.

I would only look for the numbers in these channels

[panleh75]

Now they have a new strategy, they invite guests and if the guests say the opposite to what they expect....they quickly bring on another guest to counter the previous one....eg. Last week Meredith Whitney came on and told them that the banks are insolvent...then they quickly brought barton biggs to say that we are in a bull market and everything is fine.

[KLguy133]

ha ha what a bunch of fags , no balls or brains to say it themselves. All media are sales people they have to hype up the market no matter what.

[Elbottoo]

Haha ridiculous.

Wasnt Meredith Whitney one of the few who predicted the collapse of the housing market and the subsequent credit crunch?

And rofl bull market. How the how are we currently in a bull market. We are having a rally. Thats not a bull. Its still bear.

[lucozademan999]

the anchor started talking about 1929, jimmy was talking about japan in the 1990s,two totally different situations, at least we know that anchor guy will be broke when its all said and done.

[JohnnyHorton]

I never really knew why they called them "talking heads". But here is a beautiful example of one. Jim Rogers is one sharp guy.

[joeycusack80]

What a tool this fella is,You have to be a Slimeball to get a job as an anchor with CNBC or fox

[00587649]

Yes,you need to keep talking things up and kissing your superior's butt

[stevesprinceofsteaks]

This host Martin is in so over his head. You don't try to improve your image by making a fool out of yourself with one of the greatest money makers in history. Jimmy is not always correct. But he is always a straight shooter. And he is right a lot more than he is wrong.

[veejl]

I used to work with that Martin fuckhead. He was an asshole back then and I see he's still the same stupid fuck trying to take on people smarter than him.

[KLguy133]

You poor man . I agree that Martin guy is a fool , what he does is masterbate by over complicating what are quite basic issues. And he's an ugly mother too.

[00587649]

Ugly mother.....lol

[pshinspections]

The young news guy was just trying to make points with his producer by accusing a billionaire, who knows a hell of alot more about money and markets than he does, of lying. What a fuckstick. Fire that asswiper.

[mbfl3]

This was embarrassing to see a young smart ass try and talk down to a truly great investor who has forgotten more than little Jim will ever learn.

[ricochetVendetta]

5:40 Jim face palm moment

[ricochetVendetta]

No Jim this is Sparta!

[TKMRacer28]

who the fuck is this spaz?

[janbillian]

Jimmy must have had a fantastic year, financial-wise, but boy he has aged dramatically! Looks frightening in this video.

[koki4o]

how can this idiot dare to teach Jim Rogers economics?

[Ishpeck]

Why's this host, like so many others, get so defensive when the TRUTH about the Depression comes up? It's like you were insulting their religion.

[tiuleihai]

Martin is gay !

[tiuleihai]

hey Jimmy boy, should i buy some weed or wheat ?

[phillipdriscoll]

All of these anchors and so called experts from Fox or CNBC really take the word Talking Head to the next level. However, if you think about it, all of these people that can't even read the teleprompter are doing their job, which is to lie and mislead on an everyday basis.

Go Jim !!!

[onetondrumbum]

One gets paid to be a host of a show and spew out financial "advice". The other's a billionaire due to his investments. Enough said.

[DinaStrange]

love Jim. CNBC just trying to sell some stocks in a banana republic bubble US economy...

[Jacobrester]

I don't think you understand what "Banana Republic" means.

[brh986]

Who is the moron hosting the show? He should be shot immediately.

[chickenmcthug]

His job is to convince all the suckers out there, who get their financial info strictly from television, to buy up all the crap his bosses are trying to sell, and vice-versa.

[reYKCuf]

Jim is the best.

[thecoolhitman]

this martin nut thinks he is so smart ask him to come out of that seat and see if you can make money .... MARTIN you jackass ... put your money where your mouth is!!!

[secretarul]

i give you a prop for that ! LOL

[bookoflove512]

ROFL 5:42 PRICELESS!!!!! Oh Jim is a good sport, bravo.

[julianscottsounds]

The deflation 'people' are correct for now. Prices of assets, commodities, profits, and consumer goods are falling. My view is that the de leveraging is taking place rather quickly. And as we've seen, the more the private sector de leverages and the economy tanks, the more the central banks print money. Once the money has worked its way into the system there will be no way to 'mop' it up. The social implications of high inflation will be disastrous!!

[amy1827]

why does Martin sound like someones got a firm grip on his nads?

[ednan9]

People invest to make more money..jim rogers is a legend and a extremely hard worker, his knowledge is amazing, he reads a lot. I have read all his books. Based on record, these CNBC anhors are just clowns

[asbte]

Funny shit

most of you at cnbc pump the market lol!

[alexn159]

Im not sure he is more monetarist then austrian. I think he just speaks like that to belittle Bernanke and Paulson. He talks like he believes Bernanke and Paulson are actually trying to do their stated objectives (and that they just suck at it), rather then just steal money from everyone for the elite. He knows whats really up though.

[dongato11]

I was wondering the same thing. But since he wants the feds gone, i would say hes more Austrian school.

[scientistwriter]

no hes not dude. i suggest you read murray rothbards article on milton freidman.

[00587649]

that Martin is a pure idiot. lol

[asinega2]

so classic: "martin, why did AIG get taken over by the government?" ..... DUMBASS MARTIN.... and you can hear either the producer or somebody in the room laughing at the twat that thought AIG wasn't bankrupt.....

[newsboysock]

I agree that hyperinflation is coming but only after a devastating world wide depression. If you can time the "whip saw" and not get in too early as Jim has you will make out like a bandit. Know that BOTH deflation and then hyperinflation are coming one right on the heals of the other.

[newsboysock]

The reason deflation and not inflation is the problem is that the credit market has collapsed. The money supply...inflated by credit...has shrunk much more than the cash infusion by governments. They are trying to restore "confidence" which will allow credit and EXPAND the money supply. I think Jim has forgotten that most velocity of money is not currency but credit...at least in recent times.

[greennic80]

I think Jim this time makes a little bit of confusion: he says we need to close the FED and let banks fail because of their mistakes. And he says that in '29 the depression was caused by a lack of liquidity the FED didn't give to banks. Banks made mistakes too during the twenties of the past century (like lending money to Europe) so right now the FED, if you accept this view, is making the right move. But I think the only good lesson about depressions is Murray Rothbard's one.

[ednan9]

in 1929 the people got sacred and took out the money ad the bandk had a liquidity crisis, Fed pumping in the money would have helped. Now the situation is different, now its the bank asking for bailout for their poor decisions

[zzzenterprises]

when the anchor said AIG didn't go bankrupt, he showed how dense he really is!

[cajohn54]

the last thing alot of us have is our dignity and i commend the face for fighting for his and i commend rogers for letting him down ez

[falcon2154]

Rogers should've pissed in his ignorant mouth.

[toranamunter]

How stupid can this guy get. The American government years ago started lying about M3 (monetary supply), then they just stopped releasing the figures. They're printing paper 24x7. And this bozo thinks deflation is going to be a problem... the rate they're going the USD is in for one mutha of a crash, how that could be anything less than blindingly obvious I dunno. One guy on this show is a billionaire, the other has dick size issues. guess who's who hahahaha

[ftorresgamez]

Jim is incorrect when he says there was a liquidity problem in 1929 and that such lead to the Great Depression. Actually, what lead to the Depression was Hoover's interventionist policies that tried to prop up wages, prices, a terrible tariff, and rising (!!) taxes. But what really placed the last nail in the coffin was Roosevelt's NIRA, the agricultural subsidies, the massive public spending (broken window fallacy), and the war (the war did NOT get the US out of the Depression, that's a myth.)

[AngelLustNYC]

true and false. There was a liquidity problem because banks did not actually have the money on deposit that they needed. We let them fail, as we should have. Hoover's crap came after that.

[bajajoes1]

Take another History course ot talk with people who are still alive from then. You seem delusional!

[ftorresgamez]

"Take another History course ot talk with people who are still alive from then. You seem delusional!"

Read Murray Rothbard's "The Great Depression". Even economists from Berkeley (of all places!) have conceded that FDR's policies delayed recovery and made the Depression worse. Plus, WWII did NOT take the US out of the Depression, since the economy was producing weapons instead of consumer goods. The recovery actually started in 1946.

[spthomes]

Fuck that stupid Martin guy - fuck!

[ceruleana1]

I love how Jim Rogers rolls his eyes at him at 1:08. Jim Rogers always rips these guys a new one - he rules. And I love his bowties :-)

[disciple90633]

Martin is the biggest cheerleader i've ever seen. Well I take that back, he's equal to all of the other idiot anchors on cnbc and if you listen to these fools, you will go broke.

Ron Paul, Jim Rogers, Peter Schiff, Robert Kiyosaki...these are the people we should be listening to.

Martin needs to let the BILLIONAIRE he's inteviewing talk and he should just shut his pie hole. Jim Rogers ran the Soros fun. Martin is a Bear Stearns cheerleader with pink pom-poms.

Peace.

[disciple90633]

oops I mean the Soros "fund". He and George Soros earned over 4,000 percent with their fund while the S&P returned 50 percent.

And Martin is full of crap. Jim Rogers is telling the truth and being factual.

Martin is better qualified to work at Wal-Mart. It's no wonder Americans are so stupid when they watch people like Martin, Dennis Kneale, Larry kudlow, etc...

[jhl247]

Jim Rogers is Da Man!! hahaha he totally take Martin to school.

At the end of the day, Martin is arguing against a Billionaire. In the short term, the market is a voting machine, in the long term, it's a weighing scale.

[erniexie]

Where does this beady-eyed kazoo with a tie get the effrontery to step to King Jim like they're equals? He obviously doesn't own an iron, let alone equities. It's as embarrassing as watching a freshman math major mouth off to Isaac Newton.

[plusaf]

Martin is incredibly a moron and Jim had him for dinner and he still doesn't get it!

Marty's a "Talking Face," not not a talking head... talking heads aren't hollow..

:(

[bolo34lx]

The US is printing billions of dollars every week and he is talking about deflation...

[chootlund]

Just LOVIN this...Good job peacespeech.

[chootlund]

The younger guy is a TOTAL DICK. These are the people we could do without on this planet.

[chootlund]

OMG...the "commentariat" just can't get it thru their THICK HEADS that what the government and central banks need to do is ABSOF**KINLUTELY NOTHING.

[chootlund]

Just started watching the video...looks like I have seen this MORON spar with Jim before.

[paradigmmaster11]

"...so if you wanna talk about facts, Martin, let's talk about facts okay?"

Jim Rogers is so effing gangster, man.

He and Ron Paul should get together and form a new political party: the "People Who Make Effing Sense Party"

[heyerstandards]

At some point you start to feel sorry for these talking heads. Naaaah.

[cantgetfooledagain]

that moron is trying to school jim rogers on the state of our economy? JR was the one who told these idiots that something terribly wrong was going on at freddie and fannie in 11-07. now they're shouting at him? send that idiot to fox news please.

[drilldrulus]

Let talk about fact Martin ... hehe

Poor Martin tried to be intelligent to day. Rogers took him by the balls left him for dead.

[aljick]

the journalist is being extremely rude, cnbc should fire him not because I like Jim Rogers, but because it ruins the image of the entire CNBC network

[farhadcoyote]

He is not just rude... These journalists get jobs based on their friends, and family. He is not educated enough in business and economics to conduct useful interview with someone like Jim Rogers, so 90% of interview becomes useless.

[freedomfighterone]

Martin is an asshole! He's not making the same kind of money as Jim Rogers! Idiot!

[jesuslover037]

What are they teaching these kids these days :) Deflation doesn't mean the stock market falls. Deflation means the money supply contracts and prices go down.

[stshell]

i really respect jim rogers and always enjoy his comments. i just don't feel this was a point to call him out on cause he just has too much insight into it all. of course i've been pissed at cnbc lately - bunch of cheerleaders.

[sassylassy526]

This interview is one of the better ones of Jim Roger's that I've seen lately. Whether you agree with the interviewers or not, at least they brought up good points and J.R. expounded on his points more than usual.

[robk2020]

Bernanke is not dumb; Contrary to what he states publicly, his goal is not to help the US citizens and the economy.

Let's assume he knows what he is doing. With that assumption, he is intentionally driving the US dollar and economy into the ground. Why would he want to destroy the US dollar and economy? One explanation is that once bankruptcies are prevalent the US gov. and bankers will end up owning all real estate and real assets, while citizens will be completely dependent on government.

[robk2020]

Bernanke is not dumb; Contrary to what he states publicly, his goal is not to help the US citizens and the economy.

Let's assume he knows what he is doing. Under that assumption, Bernanke is driving the US dollar and economy into the ground. Why would he want to destroy the US dollar and economy? One explanation is that once bankruptcies are prevalent the government and bankers will end up owning all real estate and real assets, the "free" market gone, and the citizens totally dependent.

[filthymcnasty08]

CNBC is the enemy...

fuk u Martin you cunt

[dellsprospects22]

small banks keep resisting..keep up the good fight..fuck paulson and bernanke

[samone217]

Awesome. Jim made some points, the host thought he could step up to the plate and insulted him directly. Stated AIG is not bankrupt because it didnt file for chapter 11 (essentially saying it's technically not bankrupt, although its a worthless pile of stock) So Jim rightly laid into him, noted that CNBC like most of these channels have sort term memories & re-write history to suit their point a view. A perfect example is Jim Cramer, his stock picks are below average but he never mentions that.

[controlpopulation]

Is it me or are guys like Bernanke who hold a PHD in Economics about as dumb as a rock? It goes to show that school education is not as important as common sense.

[JP5466]

Rogers just schooled this ignorant young punk. Go get him Jim!

[danfg]

There are two opposite interpretations of what happened in the Great Depression, the problem is that the wrong one is the most widely known, it's the fallacy that most ppl believe in, even though Nobel winning Milton Friedman proved it wrong. It's one of the reasons people think central banks are necessary, when they're actually not.

Jim Rogers kinda' lost it there, attacking CNBC, he should just insult the guy for being an ass, tell him to reread his history.

[markymarkuss777]

Jim looks really tired.

[uea978]

"CNBC is never on the facts". J.R. said. Period

[Tasadaru]

"If you want to talk about fact, Martin, let's talk about facts. Okay?" LOL

I almost fealt sorry for that Martin shill. That's what I love about Jim, he really knows how to be a mean son-of-a-gun to those who ask for it. AND he's a Ron Paul supporter. Jim for the win!

[mylove1618]

look at the calendar

[herbziegler]

After all the CNBC interviews with Jim Rogers, they finally had their moment in the sun for about 2 second. All I'm going to say to CNBC is "Enjoy your glory, cause Jim will always school you guys(and also with Marc Faber and Peter Schiff)."

[Kblues80]

Man, Martin is a punk, talking to Jim Rogers.......A Billionaire??

My girlfriend could beat martin up...

[NateANR]

To clarify, I think Jim is of the mindset that in 1929, the FED should have jumped in & fund banks to insure public deposits. Not to bail out companies.

[NSResponder]

I remember something my dad used to say from time to time: "If you're so smart, why aren't you rich?". That's a question that Martin should consider.

-jcr

[suzaku511]

wow.. first time i saw JR contradict himself... he wants to abolish the federal reserve now, yet in the 1930's he says the fed needed to expand money supply?

austrian view makes more sense because it looks at expansion of money as the root of the problem.. not just a fix, as the monetarists do..

[ShiekYerbooty]

Are you certain he meant the Fed should have pumped money like they are doing ? I took him to mean the banks weren't even making standard loans.

[suzaku511]

from what i understand in this interview rogers agrees with friedman that in the 1929- the central bank should have printed a ton of money like they are doing now to prevent all those bank runs.. so i thought that was inconsistent on JR's part because althought the great depression is not identical to now, is very similar because the root of the problem is fed-driven excessive credit and leverage which caused the bubbles, as the austrian econ. teaches. he didnt root the mofo n he failed.. IMO

[NateANR]

suzaku511,

There was no FDIC in 1929. The run was on all assets. We're not seeing bank runs on the majority of public deposits right now, just liquidation of larger investments. With the general public not using actual paper cash for payments, it creates a different situation. We can let the companies that made terrible bets fail & painfully weather the storm if we only insure the FDIC with sufficient capital. Inflation is definately coming (perishable goods are already showing this).

[Kheskeim]

It came of a bit strange, I agree, but Jim has consistently said "Abolish the FED", so I think he is more Austrian than not.

[benjleeru]

why does Jim always have to school this guy?

[dadada75]

because he's successful and people listen to him and can get away with making mistakes

[billymuscles]

Who is John Galt?

[MS1719ms]

Is'nt this what Ron Paul,the 2008 persident candidate say at least a year ago??? I'd say you need to envest in groceries because it's gonna be a long cold winter folks!!

[healthhavencom]

Is this Martin guy trying to make a name for himself by debating Jim Rogers?  If so, he might want to learn the basic principles of free market economics. Last time I checked, creating new "money" and giving it to failed financial institutions is not one of them.

[prepare2008]

I trust Jim learnt so much from this guy, a great mentor, guide and instuctor

CNBC = confused news Bulls**t channel

[ShiekYerbooty]

LOL

[taubstumm]

Jim Rogers kicks some ass. Awesome!

[Beadbud5000]

Abolishing the Federal Reserve is a great idea but the World Banks would never allow it!

[wcarlpdrysdale]

just allow free and fair competition !!!!!!

witch would rather stuff under your matures? F. E. D. notes, or one that is redeemable in gold at k-mart's lay away window,?

[mikeleroy2001]

The best point to take away from this is:

Bernanke & Company are trying to solve the current issue by doing something that (arguably) would have helped during 1929, but, we have a different problem today - one that can't be solved using old solutions to a problem that occurred 100 years ago.

different diseases call for different prescriptions, even if the symptoms are similar.

The current disease calls for the following prescriptions:

Abolish the Fed and let economic Darwinism occur

[TruthAxe]

The Rubberband/Slingshot Effect shall happen.

Hugh Hendry, Marc Faber, Jim Rogers all say so.

This CNBC stooge is a tool. He's a TV teleprompter. What could he know?

[abooth1707]

5:52 - 6:00. Jim is completely correct on this. I have watched CNBC since this crisis began and EVERY time I watch, it seems they bring in "experts" in an attempt to talk up the market. All of their presenters have, since January this year, attempted to mislead people into a falling market. Even in Match after the Bear Stearns collapse every "expert" and "journalist" said "BUY NOW" or "THE WORST IS OVER". They are a bunch of shallow salesmen who ignore those who were right all along like Jim.

[mongobobo]

Not only that, but their 'reporters' were gleeful when oil started to tank from it's July highs.

Now how is that fair and balanced?

[wangdong15]

I agree, CNBC is garbage. Also owned by GE, so any objectivity is impossible. Who is this complete idiot trying to argue with Jim Rogers? Rogers has it right, we should have let the system flush all the crap out instead of some stupid bailout. Whiny fucking liberals cry about having a bear market. It is natural, and now that we are putting off the inevitable, down the road it will be much worse.

[jb2134]

Those CNBC "journalists" are a joke.

A bunch of hacks making $50 k a year, arguing with a guy worth hundreds of millions or billions who just moved to Asia. Who should you be listening to?

Jim should buy CNBC and throw them all out on the street so they can sell hotdogs.

[amsd1231]

he doesn't buy garbage.

[TruthJockey]

If you MUST deal in American securities, don't believe anyone except Peter Schiff, Max Keiser or Jim Rogers!

[simply2ghetto]

Max Keiser is a sensationalist. The other two are good.

[ShiekYerbooty]

The people that Jim is talking to are not journalists they are salesmen, and we're the mark.

[TodMcInerney]

Yep ... and need more people on like Jim.

[filthymcnasty08]

CNBC is the enemy

[yboldt14]

I will say that Rogers is not always the smoothest. This yahoo should have been put in his place. Unfortunately once inflation kicks in I doubt anyone will call him on it.

[GTalker1977]

Unbelievable. You would think that a person who correctly predicted so many different things would get more respect... This reporter would do his viewers a service if he either quit or shut the f up

[yboldt14]

How is Jim more monetarist than Austrian? He wants to abolish the Federal Reserve.

[glassvision]

Keep shorting till Bush,Bernanke and Paulson are gone.

[mongobobo]

deflation will last well into Obama's reign. Look who he's pick for his financial team.

[pverrecas]

that donk should be fired.

[Sepero1]

"Unfortunately Jim is more monetarist then austrian."

Personally, I don't find it unfortunate. No single ideology or school has everything correct.

[peacespeech]

It's not about school or ideology, it's about simple "human action" :>

Jim would be better of, if he could mention Hoover's "New Deal lite" and congres' "Smoot-Holley act", which lead to Great Depression, not an "inaction" from the FED..

[Sepero1]

I could be wrong, but in my little view of the world, it's pretty apparent that "we the people" are under an illusion that our voice makes 100% of the political decision. When in reality, it seems to be closer to 10%.

So even if Rogers said "New Deal lite" everytime he went on air, it still would make no difference, because there are a small handful of people that actually control this country. They would most likely stop having Jim back on the show anyway.

[truthsabre7]

The Fed admitted they blew it. CNBC is a waste.

[shutdownthefed]

Jim Rogers says abolish the federal reserve, he better support Ron Paul

[roseagain2]

I've seen him on interviews supporting Ron Paul.

[medliberty]

Just because something happened in the past is no reason to believe that it will happen again that way in the future. Be careful about making predictions, even over the long term, about the future price of anything based on the past. We need much better analysis than that.

[pauldelacroix]

Because as we all know, nobody knows more about how the economy works than TV journalists...(sarcasm)

[mrzack888]

good thing i bought 100k worth of physical bullion gold and silver half a year ago. Jim better be right, Or i'm gonna hop a plane to Singaporn and beat his ass.

[peacespeech]

Wait a year, before flying to Singapore..

[mongobobo]

1st. I don't believe that you really did that.

2nd. If you did, you are going to see gold prices dip down into $600, possibly $500 territory before they go up again.

[mrzack888]

in order for that to happen the Dollar Index has to go from 80s to 100. I don't see that happening. Gold is being manipulated. Let's see how right you are sucker.

[PhatPhing]

The Depression was made worse by Hoover and FDR trying to prop up prices just like they are doing today.

Farmers were plowing crops under to keep prices high while people were starving. And now the Fed is trying to prop up inflated house prices with a printing press.

And if you are truly concerned about bank runs, simply abolish the fraud that is fractional reserve banking.

[ebaum1saik]

"And if you are truly concerned about bank runs, simply abolish the fraud that is fractional reserve banking."

I always wondered why no one ever talked about this. Probably because fractional reserve banking can get people rich fast, I guess. I'm probably just ignoring the benefits though.

[kelevra8686]

Arg i feel like punching that douche host in the face, his arguments are so menial.

[BlackNapkins86]

We're not having the liquidity problem, that happened in the great D. Jim was right, the host didn't get it.

[unworldlything]

Jim is pissed.

[donaldsonb]

Billionaire vs. T.V Host. Why don't they just sit there and learn and ask good questions. Stop back failing government policies.

[simply2ghetto]

You tell them Jim!

That doofbag needs to shut up.

[rosewood223]

The host is teaching rogers on finance.

[unworldlything]

hahaha~ :)

[akclau]

He tried to teach Roger on more than one occasion. Somebody please tell him he's making a fool of himself. Would be fun to see him try to show up Peter Schiff before he gets fired.