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

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More than $1.2 billion dollars could be missing from customer accounts at MF Global, twice the amount regulators originally predicted. That's according to the bankruptcy trustee. Failing to separate customer money from house funds is breaking the law if that's the case, so where is the indictment for Jon Corzine? Is he too big to jail along with other Wall Street CEOs who some believe should have faced criminal charges for their roles in the 2008 financial crisis? During the S&L crisis, regulators made over 10,000 criminal referrals, according to regulator during that time Bill Black. In the 2008 financial crisis, he says there have been zero. But Martha Stewart was fair game in recent years, remember she got five months for lying related to an insider trading scandal? Meanwhile, some Federal Reserve policy makers said the Fed should consider doing more, according to the minutes from its last meeting meeting that came out in Washington today. But is the Fed already doing QE 3, and just not telling us? We talk to famed investor Jim Rogers who believes that's the case. And as technocrats meet to hatch the eurozone's future, protests on the streets and investors dumping the euro show more people may be betting on its failure.

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News & Politics

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• Capital Account
• Lauren Lyster
• Demetri Kofinas
• Jim Rogers
• RTAmerica
• RT
• Markets
• Finance
• Economy
• Euro
• Dollar
• Gold
• Asia
• China
• Banks
• MF Global
• Jon Corzine
• QE3
• quantitative easing
• inflation
• M2
• federal reserve
• ben bernanke
• central bank
• monetary aggregates
• martha stewart

[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.

[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.

[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 ?

[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

[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.