jim Rogers on The Federal Reserve

http://jimrogers1.blogspot.com for details

Category:

News & Politics

Tags:

• jim
• Rogers
• The
• Federal
• Reserve
• Ben
• Bernanke

[rich232399]

sorry jim ,, Ben knows exactly what he's doing ,,transfer wealth from the middle class to the rich

[lindabebe835]

Love Jim Rogers. He tells the truth.

[Shallen13]

This what american deserve to feel they were the kings of this planet,very soon with dollar devaluation and USA collapse,americans would want to move to another countries and they will not be welcome or permited for all the shit they have done to the world,that's it my friends,maybe know you gonna start feeling more humble

[97pattan]

we should create a WORLD DOLLAR with the world leaders to decide on when to print more. Initial value of exchange is equivilant to one US dollar for one WORLD DOLLAR (WD). This way every country's reserve could be immediately convert into WD. After WD is introduced, US dollar will then float freely against WD while Gold would no longer be traded against US dollar.

[kristinraine]

If it will come down to storming the fed and hanging them...it happen to Mussolini ..drag his but to the street and hung em. It's sad but true for greedy people.

[jayangli]

@je5752 the u.s can keep printing more money. could be the only country able to do that.

[TireLift]

when you see this shell game going on it tells us There is No political will left to drive economic supply-side fundamentals because of the fear of earth capacity reaching the limits , think Laws of Physics ; ht tp: //economix.blogs.nytimes. com/2010/07/26/armageddon-wars­-overpopulation-vs-global-warm­ing/?src=busln

[bsg005]

@Zeldovich I could laugh at you as well, but I'm not. Instead I'm just pitying you for being in a time warp that says, 'Central Bank - our ultimate salvation." Really sorry that you're exposure to reality has been stiffled.

[bsg005]

@Zeldovich You're right, I don't want to capitalize the words 'central banking'. I only wish we don't have central banks. There is no central bank in the history of the world that has not debased its currency, coz the very survival of a central bank guaranteeing the fractionally reserved banking system, depends on how much Inflation it can create without earning the ultimate wrath of the public.

[bsg005]

@Zeldovich Before you pronounce the word Central Bank, you may want to understand that wealth is created outside the Central Bank and not inside it. Any Central Bank that does more than clearing Debit and Credit Notes, has all the tools to destroy the wealth created outside it, but no tool whatsoever to replace the destroyed wealth. No wonder the Federal Reserve Dollar has lost more than 95% of its purchasing power since inception in 1913. Central Banking is not worth praising, my friend.

[bsg005]

@Zeldovich Throwing around words like Inflation, Deflation, Stagflation, Hyper-Inflation, Double-Dip, Triple-Dip, Inflationary Depression etc., is the not the way to build your reputation, coz you'd be only doing what anchors on TV do. For a real understanding of Economics, you need to know the limitations of a Central Bank that guarantees a banking system that is fractionally reserved. No discussion about monetary policy is fruitful, without knowing the inherent flaws of Central Banking.

[bsg005]

@Zeldovich Before you throw around economic syllables, ask yourself whether you have even known what a Federal Reserve Note actually means. Ask yourself whether you even know that a person holding a Federal Reserve Note is paying Rent to the Federal Reserve System. Economics does not start with Central Banking; Central Banking is a perverted off-shoot of an economic system that is unsound over the long-term.