youtube.com — In this very recent interview Jim Rogers says Asia is the wave of the future, the dollar is a terribly flawed currency and he doesn't want to own any, oil will certainly pass $200/barrel soon, and the (privately owned) Federal Reserve will disappear within the next decade.
Jul 9, 2008 View in Crawl 4
chillmandanJul 10, 2008
that would require him to take a macroeconomics class, which he obviously hasn't. I'm really glad the fed is regulating our economy and not the Digg community.
thrashertmJul 10, 2008
It's not pegged, and hasn't been pegged for over 3 years now.
gubatron2Jul 10, 2008
ok, I lost all respect for the dude as soon as I saw the stupid gay ass pink boe tie.
henrikakselsenJul 12, 2008
You clearly misunderstood, his point was that the EU, Chinese and UK are being more sensible in setting the interest rate according to inflation. He in no way suggested that the EU should run US economy. How on earth would that happen anyway...
phatheadJul 13, 2008
R you huffing paint? Yuan is not pegged to the dollar...in fact the peoples bank of china has been raising its value artificially like 1 percent every month against the dollar..plus they have raise the reserve requirements which makes the money supply even tighter (harder to get loans). All these efforts are to fight inflation in China, which by the way Jim states in the video you just watched.The only people the low us dollar helps are folks that produce something here in the States and sell it over seas. Not like you said being that we have multinational operations given exchange finance boosts, you have export s**t made here in the states out to take advantage of what you are talking about...we don't manufacture anything anymore you moron. And the only way it helps producers in the States is if and only if you don't need imported goods from China to produce.Its obvious to me that you aren't so smart or that you got your economics knowledge from a cracker jacks box so don't rant until you understand how little actually gets produced here in the states with out the sub components coming from china. For example if you wear American made jeans chances are the zipper, fabric, buttons, thread, and rivets came from China/Asia. Plastic parts, microchips. circuit boars, etc...all come from Asia. The only thing they can't produce cheaper than us is complex steel castings and fabrications or high level complexity tools and robotics. Check your facts before you rant. Inflation will f**k you over sooner than you think and pray to whatever thing you want that Hyperinflation doesn't strike. Even though that's pretty much what Jim Rogers is predicting . But when Hyperinflation strikes, it hits like a bolt of lightning. Buy gold, silver, a couple hundred cartons of smokes, and lots of whiskey...then when the meltdown strikes you won't have to be a prison bitch to eat. THAT'S WHY THIS s**t MATTERS!
phatheadJul 13, 2008
kids i hear u...they think they can actually learn something or pick up on something the generation before them couldn't figure out. Its like a fresh pair of eyes looking at a problem you know.The Fed is the most corrupt organization in this country so the faster we can make it come down the better. Keep your head in the sand and all the fingers in the dam will stop the flood.<a class="user" href="http://news.goldseek.com/GoldSeek/1215705364.php">http://news.goldseek.com/GoldSeek/1215705364.php</a>FYI Germany was rebuilt with your tax money under the marshal plan and we gave them tons of our technology to boot...probably why we are whiners that our competitiveness has gone away. CAUSE U OLD f**kING MORONS GAVE IT AWAY AND SADDLE US WITH YOUR DEBTS.
inapchaAug 9, 2008
Could you please tell me what evil did central bank bring in?
Closed AccountSep 21, 2008
What really fries me, is that we pay interests on the money that the Federal Reserve creates for the US government. I bet those Fed "financiers" laugh all the way to the bank (theirs). This has got to stop! Let the government make its own money for God's sake. Let's stop this BS.
forexaffSep 30, 2008
What Jim Rogers says may become a reality considering the new bailout bill that Washington is proposing and to top it off the deficit which won't help and may have a negative effect on our economy and drive the dollar much lower.<a class="user" href="http://www.directoryforex.com/?gid=53562">http://www.directoryforex.com/?gid=53562</a>
gemerMar 24, 2009
I agree. We have a movement now to restore a Sound Money via gold and silver. Montana has a bill it's considering among House Administration Committee members to send it to the House floor for debate and a vote. See here <a class="user" href="http://www.lewrockwell.com/blog/lewrw/archives/025957.html" rel="nofollow">http://www.lewrockwell.com/blog/lewrw/archives/025 ...</a>
gemerMar 24, 2009
ridiculous ... the fed's the reason our economy is going belly up ... study your history
gemerMar 24, 2009
What's collapsing is the central bankers' control of our economy through the Fed's fractional reserve system, based on an iou system called the dollar, printed out of nothing, with interest charged on top of it. Because it is unsustainable and entirely illegal and immoral, this false economic system will come to an end, not without much trial and tribulation, in the next few years. It will be replaced with an asset based monetary system, primarily gold and silver based. The world will all agree because they will not have a choice, since every nation's economy is dependent on the strength of the American economy.
gemerMar 24, 2009
No need to be frightened if you prepare yourself to survive in a hyper-inflationary world over the next few years. This is doable.What's collapsing is the central bankers' control of our economy through the Fed's fractional reserve system, based on an iou system called the dollar, printed out of nothing, with interest charged on top of it. Because it is unsustainable and entirely illegal and immoral, this false economic system will come to an end, not without much trial and tribulation, in the next few years. It will be replaced with an asset based monetary system, primarily gold and silver based. The world will all agree because they will not have a choice, since every nation's economy is dependent on the strength of the American economy.