Ditching the Doomed Dollar

[girard1973]

Remember that kid in HS that got C's & D's. Not the smart kid that didn't care but the other kid who just didn't get it. Well they all now work in Washington.

[Piscivorus]

This vid was posted nearly 2 years ago. Now (Oct 22, 2009) this same anchor woman, and her co-hosts, seem to be making every effort to avoid talking about hyperinflation.

[aviomaster]

--- This is the reason we have all these wars ...

Kosovo 1999 , Afganistan 2001 , Iraq 2003 ... Conquest of those states , was caused by economic crisis .

[jamezbond78]

This is the best video i've seen of Jim Rogers!! To hear him call Bernanke and Hankie fools on CNBC is priceless. LOL.

[luckyrick1950]

To learn the truth about the Atlas Account visit MonexFRAUD[dot]com

Monex rated [F] by the Better Business Bureau (BBB) Currently has ""60"" Complaints.

This number ""60"" speaks for itself!!!

You also need to complain to the FTC. It is important to file complaints with both agencies

[paulocbn]

he was right even in november saying the u.s. was in recession despite the government said no.

[klard]

I think we can safely assume this news lady is a complete idiot.

[00587649]

oh,that's very true. almost all of them on cnbc are idiots

[k1a1t1h1y1]

Boy, you got that right...all of these attractive talking heads, they epitomize America, just big mouths and not a clue.

[robk2020]

Instead of assuming Bernanke is a fool, let's assume he knows what he is doing, and that the effects we are realizing (e.g. a devaluing of the US dollar through the printing of money)are supposed to happen. Bernanke's and the bankers' goal is to destroy the US dollar (create the crisis), and then offer up the solution (a new currency: the Amero). Once U.S. economic depression sets in, the bankers and their friends will transfer all of the real property assets into their pockets.

[shockolanu]

Finally! An American that gets it! :) You are really smart man, some of the smartest US dudes around youtube. HEHEHE. Anyways man, you should save your savings and economies. If you can't find the solution by yourself, I have it but, I can't post it here on youtube because my comments are being censored by the website. Cheers!

[Yourdeadmeat69]

America descends into Depression, Congress vacations. 15B in US/foreign shareholder wealth without protection & we spend 250B a year in Iraq?

Maybe Congress should live in Iraq. Common shareholders, foreign investment depends on full faith & credit, we abandoned gold and silver long ago--no one will EVER trust a US GSE again. EVER. Protect current shareholders, otherwise, this Depression making loss of full faith & credit, our only remaining asset when paper replaced specie, is our future

[HLMSR]

Ben is busting Americans' savings. How petty.

[impaulsowhat]

haha

australia with 20 million people in it, is about 95c to the dollar.. how many worker in the US economy? 240 million???

.. george bush.. wtf is up with that cunt

[cowboycarl04]

he's one of the reasons, but there are others...

[kmardes]

its pretty simple, australia doesn't have 40 million blacks, 40 million mexicans and australia is the largest exporter of coal(to china) in the world. yet every time i run into an aussie i have to listen to their 'holier than thou' attitude.

[ShounnenBatto]

Oh, stfu you ignorant, Kmardes. Every single Latin-American that goes to the US goes because the govt. enforces no real free trade, and because of matters of space I wouldn't finish to explain the reasons why there are living next to Mexicans, Cubans, Colombians, Bolivians, Guatemalans and such. Take for example the NAFTA there is among the US, Canada and Mexico. Because the US has protectionists policies toward its own agricultures... continues in no time.

[ShounnenBatto]

... that Mexican farmers can't compete equally. Moreover, as the US govt. also looks over the Corporations that give money to both Democrats and Republicans, for instance, Monsanto. They also support Corporations like ExxonMobile with the help of the regional elite, which often goes against their own citizens, take for example Bolivia before Evo Morales or Venezuela before Hugo Chavez.

[ShounnenBatto]

And before spouting nonsense about hating Afro and Latin-Americans; take in count that your country enslaved African-Americans in the past, killed Native-Americans to take their lands and your policies have made suffers countless Latin-Americans in so many ways that you cannot even imagine.

So refrain your "holier than thou" attitude, please.

[kmardes]

virtually every country 300 years ago used slaves. south american is no 'better' than the u.s. regarding that question. as for the mexicans, that is a FACT that percentage-wise they are prone to live a gang life and commit crime. which part of los angeles, with a mexican majority, is considered a 'good area'??? i've plenty of friends in the LAPD and they all say the same thing about mexicans, even the mexicans themselves say it.

[ShounnenBatto]

And have you ever wonder why some Latin Americans in general, and Mexicans in particular, live like gangs?

As Mexican, I can say that there are many causes, beginning from the unequal free trade since 1994, the lack of agreement and interest by the US and Mexican Senate for and immigration deal, the illegal immigration caused by how the US really uses NAFTA in its own benefit as explained before, etc.

PS.: By South America, you mean the Spanish Colony.. at least they didn't exterminate natives.

[kmardes]

yes, the spanish DID exterminate the natives, they ONLY spared the women so they could rape them. period. the indians who did survive did so because of the terrain they lived in. i'm sick of the EXCUSES for why mexicans join gangs. the teenagers know nothing about NAFTA etc If you are referrring to the 'poverty factor', many of them driver NICER cars than I, amd go to east europe where people have much less money and are not in gangs!! A SPADE IS A SPADE.

[ShounnenBatto]

Ha, I exaggerated by posting that Spanish didn't "exterminate" natives, my bad.

Oh boy, since I'm not informed about gangs and that stuff I don't know what the real cause is. What I can tell is that not every illegal alien that goes to the US wants to be in a gang, and not all of them are rich.

And what tells you that in East Europe there aren't gangs ?(of course, no the type of Latins).

[kmardes]

mexicans are 3 times as likely to be in gangs as blacks are, for some reason, that is what they do. feel free to go to most any part of southern cal, and see for yourself. i've spent half my life in eastern eur., so that is how i know that there is NOTHING like mexican gangs here - on such a massive proportion. the ONLY mexican i did see this summer, of course, was dressed as a typical gang member. DISGUSTING.

[ShounnenBatto]

Yep, disgusting as I've done some research on Mara Salvatrucha.

[juxblaze]

The spanish conquered the aztecs via the smallpox disease.

[juxblaze]

Where there is poor people there will be gangs.

[juxblaze]

80% of native americans died through diseases white europeans passed along. That's how they were defeated.

[imnos482]

Read "A Bull in China". Great book.

[FranklyMisterShankly]

This was posted in November 2007 - since then, the situation has only gotten worse. The Republicans have *killed* the dollar, which for decades was virtually unassailable!

[Tasadaru]

the republicans and democrats alike have killed the dollar. both parties are corrupt except individuals like Dennis Kucinich and Ron Paul.

[cowboycarl04]

damn right tasadaru... i couldn't say it any better

[moniequa]

Yes a fool who destroyed all my savings.

[bigdog49094]

Well keep your dollars in CA dollars they are going up in value in relation to US dollars.

[mysty0]

LoL..., everyones dollar is going up in relation to the US Dollar.

Noones dollar is growing (other than China and Russias) in strength, the point is the US dollar is weakening

[bigdog49094]

mysty

Well I voted for Ross Perot when he was the only candidate Rep or Dem who said NAFTA would cause a giant sucking sound of jobs out of America. But Americans did want jobs here so he did not get in and that is fine I guess. So what did he have to say about this?

A weak currency is the sign of a weak economy, and a weak economy leads to a weak nation.

Ross Perot

Let's see if he was right?

[ShounnenBatto]

LOL... Tell that to the guys from the Pentagon.

[bigdog49094]

Well their total budget per yr is 600 Billion and national debt is around 11 Trillion and 600 Billion is not 11 Trillion do the math guy.

[bigdog49094]

You can totally close the military and eliminate it and we are still in trouble.

[ShounnenBatto]

Well, the National Debt is far more complicated than just cutting funds for the Pentagon (which is nothing but a dream to stop giving them money). Besides, you can thank the national debt on the wars on Iraq and Afghanistan. And don't forget that old fart of Alan Greenspan... yes, the one that made this mess possible.

[juxblaze]

60% of the U.S budget goes to social security or entitlement programs.

[Emyousmusa]

What I've mentioned in another comment are facts, plus if that is the case with Russia, Iran, with there motives then pay attention with an un bais view, and you can see the US, Britain, and European governments motives too, every wither you don't won't to believe it or not, are all trying to flex there influence on the developing countries, and keeping the developing countries down. Pay attention to specifics to subsides, law being overturned to benifit corporations.

[Emyousmusa]

It's not just OPEC, it is the refiners such as Royal Dutch Shell, BP Oil, EXXON, so pay attention, plus the oil investors raising the price up.....

[sallee5]

Russia and Iran are the real problem, they are holding the world hostage with OIL. Russia exported more oil last year than Saudi Arabia. How come the media is not reporting that/ They do not want people aware of the Russian threat, deception and plans to dominate the world.

[quius]

This is what happens when you elect an idiot from Texas as a president.

[aviomaster]

^^^~ZaphedBeebleBrox ---- WE think the same ... SHIT I wanna FUCK HIS GIRL so badly .... and than I would send her to AFGANISTAN to TALIBAN so they can have a little FUN .... SINCE she is against UniversAL HEalth CARE ....

[ZaphedBeebleBrox]

maria bartolomow, the hottest italian lips ever.

[5rey67trhtrhtry65765]

i'd put it in her ass then her mouth

[youngyankee13]

USA IS DOOMED !!!WAKE UP AMERICA !!!

[christsdciple]

WAKE UP cooper tops, this is all apart of their plan(Illuminati),the dollar will continue to decline and head us towards a ONE WORLD CURRENCY= NEW WORLD ORDER. CHRIST IS THE ONLY WAY OUT!

[mrzack888]

what's the female host's name?

[largo2001]

Maria Bartiromo

[mre2u2]

Cripe, ignore previous post.. someone beat me to the term neoconomics.. *sighs

[mre2u2]

I hereby coin a new phrase. May it be noted here: NEOCONOMICS. Please use and spread it!

[amsd1231]

I would if I knew what it ment. What is it?

[kosai19]

He moved his family to the singapore more because of the growth of China. But yes, he knows that the U.S. will have an extended recession at best, and at worst a depression. The strength of it will depend on what Washington does as the crisis arises. He himself says this in another interview.

[richardosteen]

The fact this guy moved his whole family to Singapore, especially with his kind of money, really shows where he thinks the US is heading long term. I agree with him. We're in the bottom 1/3 in education compared across all OECD nations, with only Turkey beating us to DEAD LAST in acceptance of science and evolution, AND, we're broke. What did we spend the education money on? Salad shooters and Plasma TV's? I wonder how the history books are going to write this up in another 100-200 years.

[clinevol98]

"i mean, the man, reasonably well educated; had a good career, and now he's making a fool of himself all over the world."

HAHAHAHAHA

hilarious and spot on.

[powerfullogic]

SPOT ON. This man has made Billions and will make Bilions more. Listen.

[RobTzu]

I like old cranky men. They just tell the truth.

[booboobeezy]

This guy is spot on about Ben Bernanke. I'm glad I'm not in the states right now, and I'm not looking forward to going back.

"Getting money to low and moderate income people is good in the sense of getting a bang for the buck" because they tend to spend it quickly, Bernanke said.

I love the way Bernanke thinks...he start thinking of an apology to the lower and middle classes.

[carnooba]

He was asked who would do a better job than Bernanke. He, without hesitation named the EU CB. In other words, NO ONE in America.

Notice he said that he's just moved to Singapore. He KNOWS all hell is going to break loose in the US. Not just depression but MARTIAL LAW after another, 9-11 is done by the Bush Regime.

[carnooba]

Bernanke and Paulson aren't crazy. they are dancing to the Zionist tune.

Do a search for Zeigeist The Movie

[Entropy56]

None of this is true.

[hqlion]

Yeah, that's why he's a billionaire.

[tubebunny7]

"I triple guarantee you, there are no American soldiers in Baghdad."

LOL

[jonahansen]

Another reason other countries do not want to peg their currency to the dollar is that they can see how we finance an optional war, and lie about everything to manipulate. They simply won't trust the US to really back the dollar, and know they'll be lied to about it to boot!

[mostafa789]

Ron Paul

Google him, he shocked the FED chairman last time.

[SGDeGalvez]

I wish peopel like Jum Rodgers would stay here and help us fix this mess

[olamapsa]

Jim is big.

[china7007]

i love jim

[Junglecat73]

Yes, but American manufacturers will also raise the price of their tires to increase their profits. As long as they are still slightly cheaper than foreign tires, Americans will still buy them. Also, US tire manufacturers have to import rubber to make tires. As the dollar falls, the price of imported rubber, and thus the cost of production, goes up. US manufacturers therefore have to increase prices.

[advancedatheist]

I don't understand the tires comment. If foreign tires go up relative to American tires, won't Americans tend to buy the cheaper American tires?

[bgturk]

American tires will also go up in price. Why would American manufacturers sell them to Americans when they can get a higher price from foreigners?

[thomasw78]

If foreign tires go up to $200 from $100 then there's less competition and American companies can raise their prices to $150 and still undercut the foreign tires.

[carnooba]

And cause massive inflation and cost of living. This is good? Are you nucking futs ?

[thomasw78]

I never said it was good. I'm just telling you what Rogers argument is you don't have to like it. Higher import prices means less competition which increases costs across the board.

[sflk123]

Jim Rogers is known to make outlandish statements. However, he is usually on the money in the long term trends.

He really got Maria when he replied why would OPEC increase oil production, if they have the resources..

[sh200kr]

Jim Rogers is the BEST!

[UnderseaCaveman]

"what's not in recession".....perfect statement!

[CBound]

I tend to agree, but the commodity resorces sector must be doing well.