Jim Rogers: Why would anybody listen to Bernanke?

Jim Rogers said on CNBC on 2008.10.01 that history shows those plans don't work and the best solution is to let the market clean itself out.

Category:

News & Politics

Tags:

• Jim
• Rogers
• finance
• bailout
• Ben
• Bernanke
• Henry
• Paulson
• dollar
• gold
• commodities

[prmd142]

USSA: United Socialist States Of America ;)

[controlpopulation]

Americans deserve what they get. Even when Ron Paul warned them in the debates, they all laughed at him like he was nuts. Guess who's laughing now?? When their 401k's are down to zero maybe just maybe some of these mummies will wake up.

And remember most of America still thinks either McCain or Obama are the solution to our problems! Our society is sick and there is no cure.

[riverlioness]

Bernanke is a nit wit. I am familiar with Ben Bernanke's microeconomics. The nature of microeconomics is utilitarian, and he violates the nature by asking whether markets are fair. Bernanke provided serveral examples of price ceiling failures: heating oil surplus and rent control, yet on the same page swears upon both of these government interventions helping the poor. How does a market help the poor if no one produces a good? Failed markets assist no one, but Bernanke stands by failure.

[HeadoftheFed]

I'm with the government and i am here to help you.

Resistance is futile.

[SuperTB4]

I ment that Japan is hording USD to increase the demand curve to make it more expensive and thus the yen cheaper which makes japanese products in the US cheaper.

[leonidas512]

@SuperTB4

So if i understand correctly, the give the US money so they can buy Japanese cars,thereby earning their own lended money back, sounds combersome to me! Why not increase welfare checks to prop up the economy? Another logical fallacy!!

[Diazt3r]

yay lets bailout more companies by spamming the create money button :D! hey lets lower interest rates too! so money becomes even more worthless yay :D

[SuperTB4]

well, we have two different opinions that lead to the same conclusion. the point is that Korea and Japan do bail out their companies, just in different ways than how we are doing it. And, I am not advocating that we bail our banks out by indebting ourselves even more.

[Luigi84289]

you misunderstand. We are in control of japan in the sense that they have to go through us to do everything. We are just allowing them the illusion of freedom. If they were truly free they could amass a huge army like us and wage war. After 1945 we conquered that land and instilled bases to keep watch all the while letting the people go on with their lives and keep a small military for their own protection. Things aren't what they seem.

[SuperTB4]

Are we in control of Japan? that´s new to me. oh course, they are our allies, but did japan send troops to afghanistan and Irak like we asked them to? no. I think Japan simply doesn´t want to go to war. What about proping up the dollar all these decades so they could import their cars cheaply in the U.S. is that in the interest of U.S. car companies? maybe the real freedom is not to have to go to war.

[Luigi84289]

We have conquered Japan. We allow them a Government but we are in control. The fact that they can't wage war is proof. Mirror that on us. Not being able to wage war is having no freedom.

[clnow709]

He is so right, why would anybody in their right mind listen to Bernanke or Geightner, I think people like living in denial about things, like somehow the problem will go away if they cover their ears, La La La.