Jim Rogers on Gold Bubbles, Banksters and Quantitative "Cupcakes" (11/22/11)

[glassandroid]

she talks about the fed as if they are not criminal...

she needs to watch FREEDOM to FASCISM by Aaron Russo.

WAKE UP BITCH THE WHOLE WORLD IS WATCHING YOU

BAIL ON THE LIPGLOSS AND LEARN SOME SHIT ABOUT 1913

[rosemaya48]

How many more corruption cases is it going to take before people realise that US Congress and US Corporations are in bed together and are organized criminals. CEOs are gang bosses.

[ChrisPCrunchy]

Government is organised crime at its most organised level.

[ChrisPCrunchy]

Notice how M F Global steels customer funds & goes bust so they dont have to pay them back. The CME fails to reimburse customer funds even though brokers on their exchange are forced to pay collectively billions into a CME trust fund. This fund is for the express purpose of refunding client accounts in the event of a brokerage failure.These funds have also been stolen! Notice how as commodity traders flee this bankrupt exchange the paper price of precious metals drops. Buy only Physical gold!

[PADRAEG]

CORRUPTION NOW IS MORE DEMOCRATIC... like Obama, who decimated all honest Dems. Martha should never have done jail time, but its not related to current corruption... silly!

[itsthekush]

To be fair as well, we weren't in a debt crisis as badly in the 80's, BUT to think that the monetary powers-that-be are all out of ammo is kind of silly in my mind. I still am wondering what keeps a jubilee off the table in many peoples minds. I believe everyone at this point holds some kind of debt to each other. (hell, even blacked out North Korea has to import some things) Though let me go on the record as saying, we aint out of the woods yet, so the next few years will be interesting.

[MrGarnache]

@itsthekush You Sir are completely unaware and niaive about what the "ammo" is ... because in your mind using the "ammo" is going to result in a positive result .... The "ammo" is only creating something from nothing and diluting the money supply, creating inflation and reducing the living standards of everyone except for the 1 percent of the one percent ..... Sure 14 Tri in debt will turn to 140 tri someday and people like you won't understand why thats bad, as the value of 1 goes to .08

[MrGarnache]

@MrGarnache In your mind it's better to have a slow steady decline of everyone while one percent of the top one percent get crazy wealthy just to aviod some doom and gloom scenerio ..... But your wrong .... every time the fractional banking system enlarges 299.000.000 people lose and 7000 gain 100 times more than they dont already need or have any possible use for. You need to educate yourself as to who created central banking ,,,,the fed was not the first,,,, and why. And what result ?

[itsthekush]

@MrGarnache You assume much. I am quite aware of what central banking entails. Before the Fed, we issued currency through the treasury, which was much worse since political pressure was more present in regards to monetary policy. Inflation was still there, it's a fact of currency. Are you implying that inflation is somehow avoidable? If so, perhaps your the one in need of an education.

[itsthekush]

@itsthekush Also, inflation doesn't necessitate a lowering of living standards. There are numerous saving methods that outpace inflation. Also, things like housing/asset equity increase due to inflation. In general, long-term debt is easier to pay, this applies to the government AND private debtors.

Wages, though trailing behind inflation, still increase over time. If they don't, thats not the fault of the Fed. And fractional reserve banking helps everyone, ask small business and home owners.

[waldentree]

@RandyToof Only fools take Jim Rogers seriously. He's worse than Peter Schiff.

[pringenb]

@waldentree

i know right?-why would any one want to hear the truth about how the fed works? or how our market is manipulated and the gov't is complicit is stealing money along w companies like MF G?

now let's go take our lithium and listen to our official msnbc/ cnn/ fox news propaganda.

What would we do without the officially accepted version of truth? We'd actually have to hear uncomfortable facts!- and we all know that't not what we want.

[waldentree]

@pringenb He's one of the officially accepted 'alternative' view points. Of course the system is manipulated, corrupt and deceptive, but self-servers like Rogers et al won't give you the truth either.

[itsthekush]

@pringenb Gonna agree with Walden and RandyToof here, gotta hold up many "truthers" to the light just like them evil mainstream types.

Think back to the 80's the last time inflation and recession were causing the sky to fall... those that bought in @ 50 dollar silver had to wait... 30 years to break even. In all fairness, shit could hit the fan today, but just be wary of those claiming to have all the answers.

[TheNthomas1999]

@RandyToof Where was he wrong about either? He said that Gold would be consolidating and says that it'll probably go down to 1200. If you think that the dollar is safe with the Fed buying up all the debt. We've shot all of our bullets we can't cut interest rates anymore, we have trillions in junk debt in the fed. We are far from being out of this mess! If anything he has been right on everything!

[whereismybailouttv]

Point #2. For several years, Rogers has been saying the dollar's finished, get out of it, I'm dumping my dollars and so on. Now 2011. He still has US dollars.

(a) He keeps talking about going away from the rest of the crowd.

(b) He doesn't really believe that. But he says it to keep getting on global business shows.

(c) Yes, he's hustling just like vereyone else for the maximum return while he can still get it.

[whereismybailouttv]

Here's a question that the business MSM never answers.

If gold, silver and other commodities are such great hedges against inflation and a devalued dollar, why are there such wild extremes in prices?

[alphaknave]

@whereismybailouttv Government manipulation.

[gsapp59]

Miss Lyster, I've been naughty. Can I get a spanking?

[edwardwills]

Damn, Miss Lyster, you listening

[AMessageForTheStoke]

MFGFacts: v=LaobXsB1fnA

[icysurfer1]

Good show... Lauren is quite intelligent - don;t hate her just because she is beautiful. Rogers is an informative and interesting person.

[syyenergy7]

get rid of the bimbo

[whereismybailouttv]

Martha Stewart was prosecuted because she's rich, powerful and a global brand.

If you're a prosecutor, do you go for the small time unknown criminal? Or, the high profile name that will make you and your boss look good? DOJ prosecutors are judged by a quota system. If you don't produce, you're out.

[amptoys]

TURDS....... WE B PUTTIN OUR PPL IN! YEEEEEEHAAAAA

[kcrone1]

@10:03 "Hundreds of people went to JAIL." "Back in the 30's, lot's of people went to JAIL." "The president of the New York Stock Exchange went to YALE."

Say What??? LMAO!!!

[kcrone1]

Nah, nah, nah Miss Lyster we'd alraidy had dat. Day lying again do us, Miss Lyster.

[DanielJ858]

What's with the "Miss Lyster" after every question?

[illlDCllli]

Why does the producer always want to come in and ask a question?

[WythenshawePhil]

She really covered up for this one. No leg shots - I'm disappointed.

[PastorDowell]

Yep! This show is A LOT better than CNBC and FOX Business.

[LordDyhalto]

This is turning out to be a good show :o

[1977Melville]

Love the way Lyster emphasizes failure.

[arr4gtr]

...got to replace those pathetic"music" themes and opening sequence clips

[bweazel]

"Miss" Lyster? Miss? Hey Lauren, free tonight for dinner? ;)

[turbotrana]

great show, great subject matter, great discussion, great views. Luv the honesty by the host and producers, please keep doing the show and dont go anywhere.

[RTProducer]

@turbotrana thank you. We appreciate that :)

[ultreality]

One more factor Jim Rogers failed to take in to account.

The rise in Gold price has not been due to speculation, but to the Fed printing more and more worthless paper, due to accelerate as the debt meltdown accelerates.

Every increase in M2 implies an increase in Gold price.

Also, real physical demand for Gold is way ahead of that which the Gold price implies - due to short manipulation - and which too will accelerate, especially from China and India.

Nice try Jim - keep buying Gold.

[bweazel]

@ultreality Which they use to speculate. The price cannot go up unless people are buying, people cannot buy unless they have money, and the banks are lucky enough to have free credit which they use to speculate with which raises the prices of commodities. It's not just a given that if more money is in circulation that the price of gold will rise. Someone has to buy it first.

[ultreality]

@bweazel Physical Gold is being purchased by the ton every day by central banks, institutions and individuals and others. This is real demand, not some fake paper manipulation.

Gold is the only real currency with no counterparty risk, unlike every other paper asset. It has been that way for 5000 years. The only time paper money has been stable is when it has been backed by Gold. On average, fiat currencies last 27 years - this time it has been 40 years due to the debt bubble, soon to burst..

[bweazel]

@ultreality It's not a currency. Paper money was in no way stable under a gold standard. I like how you all behave as though no recessions happened under a gold standard, that no bank runs happened under a gold standard. It wasn't. If you need a reminder, the Great Depression happened under a gold standard.

You are upset with central banking, not paper, you just don't realize it.

[ultreality]

@bweazel Gold is money, not currency - the only true money for thousands of years, with Silver.

I am not talking about recessions etc, but rather inflation and hyper-inflation due to fiat currencies with no value basis, resulting from recessions and depressions as it will this time around.

Global financial system is imploding, and the only response from the Fed, ECB, BoE et al will be to print, print, print. Gold price will rocket until currencies are recalibrated with Gold at e.g. $11K ounce.

[bweazel]

@ultreality You zealot. Would you please stop repeating yourself? Gold is not money, or a currency. It may be money to you and the rest of you gold zealots. But for the majority of people, no, sorry, gold is neither. What is up with you guys saying it has no value? Do the things you buy with it have value? Yes.

You say imploding, I say consolidating. No, it's not to print print print. You have no idea what's going on here do you? 11K?! Hahahahahahahahahah

[ultreality]

@bweazel Well if you don't believe that Gold is money, then the remainder of your argument is compromised by your lack of knowledge of Gold. Even Aalan Greenspan states that Gold is money.

What is your idea of money then? Those worthless bits of printed garbage called "Dollars", Euro's" and Pounds? When you go long, i.e. buy Gold, you go short the Dollar and vice versa.

I know exactly what is going on I assure you. It sounds to me that you are in for a big shock very soon.

[tzontlilic]

@ultreality

Why do you even bother with these people? They don't understand jack. Just think about helping yourself and your family.

I have given up on the public. They can enjoy their illusion of prosperity until one day they wake up and they find themselves not able to afford the basic needs for living.

And anyone says gold is not money probably never travels. Try to see if you can easily turn your gold into some goods in different country and it answers your question.

[ultreality]

Jim Rogers is way to experienced and shrewd to say anything on large scale media that goes against his own investment strategy.

So to decipher what he is saying: Jim Rogers is busy buying Gold and selling what is left of his Euro position, and wants the best possible deals.

Jim Rogers is interesting to listen to, but from a trading position you need to be contrarian to what he is saying for the benefit of his own portfolio.

So he is really very bullish on Gold, very bearish on the Euro.

[ultreality]

Corzine has not been arrested because it would bring attention to the fact that every major bank is in serious trouble, and they are, with the government, keeping the ponzi scheme going for as lon as they can before it implodes.

No paper asset, even cash, is safe - only about 1% of "money" is even tangible.

Physical Gold is the only "safe haven" now.

[evmazu]

Another great guest w/ Jim Rogers. It's great that you've had so many libertarians on the show, and some of the liberal guys (Perkins, Hudson) are worth listening to as well even if I don't always agree w/ them.

[RTProducer]

@evmazu we try and have a variety and really give as many smart and well-intentioned people the opportunity to come on our program

[Iammram]

Lauren, to answer your last question as to what is diff now:

Something that gets overlooked is in the 80's, you didn't have bankers in Washington, like in the Administration.

Paulson * under Bush * was a Former Goldman Sachs exec, bankers all bailed out and let off

Geithner * under Obama * former head of the NY Federal Reserve, again, bailed out and bankers off the hook.

Wall Street is literally in the government administration now, not just lobbying anymore.

That's my own personal take.

[JJaouli1]

Lauren Lyster is seriously so hot

[udonewsreport]

Money heaven, that is where all fiat goes, when it disappears..?



[louis12346]

my Teacher Lauren is a little gold bug

[crownpoolnspa]

Lauren can do a couple shows naked?

[moviematcanada]

@crownpoolnspa

One would be enough... Don't be greedy!

[BellHuey72]

Martha went to jail because she was busted "cooking the books"

[ouellette666]

@BellHuey72 martha didn't go to jail for the books she went to jail for lying to the court, she should have been in jail for a lot longer sentence but they droped the actual crime and convicted her for lying to the court. would be great to be rich in america, money apparently = freedom

[BellHuey72]

@ouellette666 Roger that! But my comment was an attempt at very dry humour. She's famous for her home crafts and "cooking" - get it? Cooking the books! Sad, I know.

[bullshit3118]

I dont know if the RT people read this, but I can tell you right now a pivotal piece of economic literature that explains why there are no regulations, enforcement, or feeling responsibility to the people. Please read: The Social Responsibility of Business is to Increase its Profits

by Milton Friedman, an old new york times article. Why not a program on this GUY??? Wanna know why they don't give a shit? MILTON FRIEDMAN said it was ok to be this way. It's a business culture.

[iamaliberal]

@bullshit3118 you dumbass right-winger, I know you can't understand facts or reason, but at least stop sucking on bush's cock

[bullshit3118]

@iamaliberal What's this? my comment was anti-capitalist. You must be some misinformation scab calling yourselves a liberal and spouting shit. You think Rogers is a liberal? is that it? fucking idiot.

[iamaliberal]

@bullshit3118 you fucktrad republican. stop sucking on bush's cock

[RTProducer]

@bullshit3118 for people that take profit motives to extremes then yes, i'd agree with you

[bullshit3118]

@RTProducer Exactly, because it tells us that a person like Rogers has no loyalties. He talks to Lauren with this "Miss Lauren" tone and he's a creepy guy. Everyone knows the central banks and ALLL the rich people are buying gold. Unfortunately, Rogers is one of those fiat money crooks. I would never take his advice. Get some silver, get some gold, that old fiat money grows old.

[bullshit3118]

Mr. Rogers is a real SLICK one. This guy is a pro money jumper. Why doesnt he want gold to go up? so he can buy it cheaper. Just like he owns U.S. dollars because of the Euro. And for Martha, she's not one of the boys. Boys club...good point Laura. people watch out for Mr. Rogers, he doesnt live in your neighborhood.

[Iammram]

@bullshit3118

He's an honest one, not slick. He's been speaking the same way for years, what is new is him speaking on current events.

People like him invest in gold as a stability thing not something they make millions off of, he invests in oil, minerals, etc. The guy is rich, and you don't get rich like that from investing in gold alone.



[bullshit3118]

@Iammram Honesty doesnt make it right. Floating around like a parasite playing off of every market fluctuation. he's one of these peoples playing the game...fucking everyone else. He has no right to make anti-corporate commentaries..he's one of them.

[bullshit3118]

@bullshit3118 my comment removed fuck you RT!

[fhsspeed]

bankers don't let bankers go to jail. insightful information.

[gonobdotcom]

first!