Jim Rogers: Let AIG Go Bankrupt or USA Finished

[clearasvodka]

During the year of 1930 the U.S., Great Britain, France, Germany, Italy, Spain, Portugal etc. all declared bankruptcy. If you try to look up the 1930 minutes, you will not find them because they don't publish this particular volume. If you try to find the 1930 volume which contains the minutes of what happened, you will probably not find it. This volume has been pulled out of circulation or is hidden in the library and is very hard to find. This volume contains the evidence of the bankruptcy.

[alienmoonbase]

Bankers and consultants honestly believe that they deserve the money they steal.

The truth is that a simple man shoveling horse shit from a stable does more for society that these thieves.

[Invirtuo]

Actually bankers play a valuable role in allocating capital, which a modern economy requires. Consultants such as McKinsey enhance and help rationalize corporate cost structures, among other services.

[alienmoonbase]

Of couse they play a "valuable role"

But that does NOT justify "hedge funds" which drive the price of oil to 150 / barrel then it collapses to 30, then doubles again....

How does this serve the common good?

Why can a bunch of jewish lunatics like Goldman Sachs work against our middle american military class which is trying to stabilize the price of oil?

Can't you see how sinister this is? GS is NOT a fleet trucking firm....Not United airlines. What common good does GS serve?

[Invirtuo]

GS isn't a hedge fund, it's an investment bank.

Well, actually they do although you may not understand (and neither do I tbh) the role they have in price-discovery. A modern economy needs investment banks to effectively direct capital flows.

If you want to blame someone for the oil price fluctuations it is the OPEC cartel

[aviomaster]

-- Thank you "Demon" who destroyed USA , USA rot in HELL.

[alienmoonbase]

I forgot to mention the psychopath bernie madoff. A mormon? no A protestant? no

a muslim? no an atheist? no

hmmmm what culture produces these thieves?

[Invirtuo]

You're a fucking loser

[alienmoonbase]

Jewish Lunatic Greed has destroyed wall street

Hank Greenberg of AIG

Fuld of Lehman

Michael Milken

Ivan Bosky

How much money do these guys need?!

[justicenow999]

become a farmer? maybe so. At least I'll have enough to eat.

[justicenow999]

You are right. Let AIG and all the banks over invested in derivatives go down in flames. Set up a safety net for workers who lose their retirement. Nationalize the FED and have state banks give credit like in North Dakota, the only state not in financial crisis.

[Invirtuo]

Nationalize the FED? The FED is the Central Bank already :S

[justicenow999]

The FED is not a federal agency. Yes, the head (currently Bernanke) is appointed by the President, but that's about it in terms of government control. The big banks put there reps on the board, and the banks run it. Anytime the government needs cash, the FED buys bonds, then prints the money. The government then pays interest on the bonds.

[Invirtuo]

It's not a private concern, therefore it's nationalized. You may think it has little oversight, or is influenced by special interests, but it is nationalized. End of story.

[justicenow999]

Yea right, like everything is just black and white. Do a little research.

[Invirtuo]

Well, it is in this instance. What you basically said was "Your assertion that the Federal reserve is a national bank is wrong because it's not the Congress or Executive branch who have full control but a committee of bank representatives". Look at the Federal Reserve Act of 1913. You are being absurd and pedantic. If an institution is not private it is state-owned. It's as simple as that by defintiion

[justicenow999]

The men who sit on the Federal Reserve Board are bankers and act in the interest of the banks, not the voters or the public. The result is that the government pays interest to print money, a right which is given to the government by the Constitution. Also, the banks do not fund projects which give a low return, like public works (e.g., the dikes in New Orleans, bridges, roads, schools,...) but we have thousands of skyscrapers and lots of football stadiums...

[Invirtuo]

It isn't a fucking private interest I don't care who they are acting in the interest of. Oh and you wrapped your reply in a film of classic left-wing ideology too. Go cry into your pillow and lament this evil world

[justicenow999]

On the contrary, the left is taking over this world, and you and your right wing buddies had better get used to it.

[Invirtuo]

The Left had taken over my world a long time ago...since the foundation of my country in fact. We are actually going in the right direction (pun intended)

Europe is liberalizing and the US is going down the drain I don't give a shit tbh it's you who will suffer. G'luck

[Invirtuo]

Sorry I can't find the comment you were referring to

[justicenow999]

I'm wondering when you say "my country", what country that would be?

[Invirtuo]

Oh Ireland!! You know the country of origin is visible on every profile!! lol

[justicenow999]

Ah, Ireland, that hotbed of liberalism. legalized birth control In 1993. Divorce? 1995. And smoking is now illegal in the pubs. Damn those liberals.

[Invirtuo]

Exactly, you proved my point. We are a former socialized theocracy. Ya know Socialism didn't work out too well with corruption running rampant, unemployment at 20% and 50000 emigrating every year.

Thankfully we have come a long way. We have the best labour flexibility in Europe, lowest corporate tax and the second highest per capita income. The smoking ban was a brilliant idea. Second-hand smoke is a neighbourhood effect.

[nickfurry1958]

Bernanke is a student of the depression but I don't think they had "credit cards" before the depression and the auto industry was still in it's infancy. If major auto manufacturers go down, unemployment across the nation could exceed 20% and outstanding credit card bills will go unpaid. So hello to a super-depression that will throw us back to a pre-industrial economy. He's right, become a farmer.

[affisch]

he's totally right... again...

[charlesdarwinxxx]

Fiat money: paper money

Print money till No trees are left.

Real money for a Real money.

Sound Money

[maestros21]

maybe we are wright about mr Rogers,idont now him well but my point was that you cannot leave humanity's future in the hunds of few ceo staff as we did for many years.

[SatansAgenda]

Thanks for a sane voice Jim Rogers.

[peacerebelgirl]

Thanks for a sane voice Jim Rogers.

[maestros21]

the real problem is that it was allowed to people like mrRogers to bet people's saving's,pensions,health insurance's in the global casino.now,if you let them fail millions will lose jobs,savings etc.if you save them ,you only hide this mess for a while and make things worse.choose ,we have democracy!

[4clearsky]

"people like mr Rogers"??? Jim Rogers is a commodity investor not a derivative trader, you can hardly blame the likes of Jim for current debacle.

[alienmoonbase]

Anyone who lives by gambling doesn't really help society.

Don't you think that there is a common good in society?

Why is it ok for parasites like this fuck to horn in between a man trying to make a living and the essential goods and services that he needs to survive?

Would you allow douchebags like Rogers to speculate on your mother's heart medication? Where do you draw the line?

How much money does these parasite thieves need?

[AntiPsychopath]

@alienmoonbase you dont understand natural forces. if i open my umbrella and lift up with the wind it doesnt mean i created the wind.