Jim Rogers we need less regulations CNBC 14 Sept 2009

[wanabee100]

Jim Rogers wants less regulation,because regulation stop Jim and Soros from doing what they did to the British Pound and Asian money one more time.......Jim and Soros did course a lot of hardship to people who worked their way out of poverty in Asia .....

[ChaoticSouls]

You sir are retarded and miss his entire point that the regulators failed to do their job.

[sugarpuddin88]

It is IMMORAL to reward the banking thieves

And this guy is saying it's immoral not to reward them?

The former head of the federal agency that guarantees the pensions of 44 million Americans invoked his Fifth Amendment rights at a Senate hearing, refusing to discuss his contacts with Wall Street firms bidding for business

Professor Elizabeth Warren who is supposed to look into TARP says she has no idea where the first 350 Billion dollars went - And they won't tell her

[Burt1038]

The British guy says if you don't bail out bad banks, they'll drag the good banks with them. On the surface, this seems plausible. But if you're going to give anybody money, why not just give it to the good banks to cover their losses from the bad banks? That would do much better, with much less money. Or at least do less harm.

[williamwagener]

that makes more sense, Burt1038 has the right idea... So See: "State of the Nation, wagener"

[sugarpuddin88]

Last week: America's 6th largest bank, Colonial Bank, just went belly-up!

1.5 quadrillion in bad derivatives; & who knows how much in the ponzi scheme known as CDS

Right now Citigroup is buying its own debt, and booking it as a profit, (just like the Federal Reserve Bank & US Treasury department selling debt to each other). The bank bailouts are like an arsonist getting bailed out with charcoal & lighter fluid! Expect deluded bible-thumping idiots to continue buying their stock.

[ChaoticSouls]

Well my problem with that is you have to print more money because you don't have it and how exactly does he propose taking down the zombie banks after saving the good banks from falling?

[sevendayz1980]

I have these dumb anchors/commentators pretending to know something about the markets and the economics. Q. Will you trust your money with Jim Rogers or that ass wearing pink tie and with annoying English accent.

[njThaze]

jim is not one of the richest people in the world because he is lucky. Jim and few others speak the truth and bring clarity to the indecipherable garble coming from the statists/keynsians.

if there were no bailouts by the fed and gov of all the major banks, they would have failed and new entrpeneurs would replace them and either learn from their mistakes or fail themselves. moral hazard existed because those same banks own our gov through campaign contributions, etc. end the fed!

[CBound]

There may be a disproportionate number of men of Jewish blood in the banking sector, but they are not the only ones at high levels there.

Don't start impugning all Jews after the style of Hitler who blamed them for their problems after WWI.

Remember, there are and have been Jews that recognize the evil of what some Jews are doing in the banking sector (Rothbard, Murray Sabrin, Howard Phillips?, Peter Schiff? etc.) and speak out against them time to time.

[Burt1038]

The Swiss bear a lot of responsibility for Antisemitism in Europe. They fanned it because the Jews were competing against them in banking.

Interesting, isn't it, that Switzerland is the one country that never got invaded, in either world war? Hmmm...

[sugarpuddin88]

Jews are humans like anyone else - And thereby subject to good & evil like anyone else

What makes the Jews particularly nefarious is their religious teachings - Thus, by and large, Jews over history have become the disruptive force that destroys societies

When a human is taught that every other race is a beast of burden for your service that humans heart will grow darkened; and, he has become a Jew!

Moreover, Jewish diatribe says financial capital is a religious conquest

The results = evil

[digitalwaylander]

Wait, but that would mean all the giant banking institutions and media conglomerates would be... oh, I see.

[Ishpeck]

I love how Rogers schooled the talking head. "There are 6 billion in the world -- that's more than the people who watch CNBC."

AWESOMESAUCE!

[whereismybailouttv]

I could only watch about 10 second of this before I turned the sound down. First, the British guy is a very well paid G.E. twit. Second, I'm amazed that Rogers is calling for less regulation.

Did he forget about the markets being de-regulated? Yes, Greenspan is an arrogant idiot. But just saying that the regulators were incompetent is selective amnesia.

[whereismybailouttv]

And to say that the younger guys just can't bee expected to do their job is twisted logic. Does that mean that Obama can't be expected to make good decisions about stopping torture because he's never been waterboarded himself?

Nice try. But try again.

[stevesprinceofsteaks]

Obama? He can't pour piss out of a boot. that Kenyan Commie Boy needs to be water boarded till he proves he is even an American.

[moneynest]

nah it was the feds policy that got the party started. regulation isnt necessary if you don't distort the market.

[daniel987878]

The current system is monetarily unstable due to fiat money. So on one end its all over the place and on the other end we have shiyloads of regulators trying to keep it stable but this is unworkable. What is needed is a sdound money system which is inherently stable and then minimal regulations will serve to maintain efficiency.

[MarcusCMarcellus]

"I don't know why he's not in jail?" Great. Only someone unassailable like Rogers or Faber can say something like that. These younger guys, even if they do not believe what they are peddling, have a job to do, a position to keep, and simply cannot be as honest as they'd like. People should not be too hard on that younger Brit - he's no idiot but one cannot expect him to call people criminals and the like. Rogers was also more careful in his comments when he was in his forties.

[mmsayre]

The guy clearly respects Jim and concedes a lot to him. Much better than so many of the clowns that laugh derisively at Jim while disregarding his impressive record and piles of money.

[noone120000]

MSNBC sucks ass.

[idahotandj]

These chaps don't know shat, they both go owned by JR.

[TRUTHKNOWIT]

? who has the money here? What can the possibly tell Jim Rogers.....

[saturn5100]

The notion that a company is "too big to fail" drives Jim mad. If the government bails out a big, poorly-performing company, the company stays alive and continues to misuse resources; meanwhile, well-run competitors are deprived of the chance to increase their market share.

[17Spartacus76]

The young guy is a first class moron, how do these people even find jobs??

[SlyToocan]

Gotta Luv Big Jim....

[lindabebe835]

derivatives will bring all economies down that are tied to u.s. it was a scam.

[proxy4718]

true, unfortunetly all economies are tied to the dollar.

[sinitskyd]

Long live the fiat monetary system based on Central Banking! Long live international banking conspiracy to rule the world and rob the working man! Long live inflation and destruction of savings! I support the IMF and the BIS and the CFR and the Bohemian Grove Club.

[soundmoneyfan]

haha, these young guys don't wants the banks to go down b/c they want to keep their jobs, end of story

[cavalucho]

MORE REGULATION FOR EVERYBODY!!!!

[antonchigurh9]

Do we need regulations? Yes, but what good are more regulations if we don't follow the ones we already have? Julian brings up a good point in that sound banks would suffer if we let the whole system collapse, but I would rather have had the DOW drop to 3000 and get the financial pain over with than get stuck with the situation we're currently facing, which is a shifting of toxic assets from one page to another - in the end the taxpayer still forks over the bill and we have MORE DEBT THAN EVER

[ednan9]

jim rogers is an angry man, felt sorry for this guy julian - "Sir! I am agreeing with you" but Jim kept on being grumpy. Though I agree with Jim

[JessicaBelle81]

Credit expansion and artificial low interest rates are the problem.

You could fix everything with sound money and 100% reserve banking.

[ferencvarosifan2]

It's either "less regulation" or "fewer regulations."

[FXThug]

you know if anyone listened to mr. rogers for the last 7 months or would've of made some nice returns

[xurbancampx]

The fed want to suck up the peoples money, then collapse the economy and make everyone completely dependent on the goverment.

You can say that they're stupid and dont know what they're doing. Well I disagree, they're very inteligent but evil.

Everything that is happening is just steps in a hidden agenda, its about centralizing power in the world, and taking away power and freedom from the people.

[luciodelgado]

Very interesting interview, but the worst is coming!

[BlacksAreBeautiful]

this is a seriously complex issue, and all due respect to Mr. Rogers, I'm not sure he is certain what type of irreparable damage letting all the banks fail at once would have caused...However, I do agree that the system has to be cleansed of the "dirt" at some point, I just wonder if the time for that didn't pass years ago!

[odin422]

Mark to model.....hahaha not anymore

"RIGHT" Regulations.....WTF???!?

[SilencerRPMs]

I started to LOL when I heard that