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Saturday, June 11, 2011

Jim Rogers: 2008 Was Bad ... Next Time Will Be Worse!

By RT
14
 


Russia Today interviews Jim Rogers about the relationship between the United States and China. Rogers says, "The United States is trying to drive down the value of its currency ... but that's not a good policy." Rogers goes on to say that it is lunacy to think that the United States is going to prosper by the devaluation policy of the Federal Reserve.

Jim also thinks that the US has to face the fact that it is the largest debtor nation in the world and that the dollar is a terribly flawed currency. Its position as the world's global reserve currency will end.

Rogers expects more currency crises and that this will force America and the world to take some serious action to change the system. And Rogers is stunned by how little the American people seem to care or be aware of the gravity of the US dollar fiat-money crisis.

The bottom line according to Rogers, "2008 was bad but the next time around is going to be even worse."




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Showing 1 - 14 of 14 - Newest on top - Reorder Feedback
  Posted by Pip on 06/21/11 05:35 PM

Make it simple for the guy on the street!

He has $50000 nest egg & he has it in the bank. What does he do? All he knows is what he sees on TV or reads in the papers & we know most of that is bulls--t. So what advice would you give this man? Leave it there or put it under his bed?

  Posted by Wayne on 06/13/11 06:00 PM

Well, that's not going to happen.

So get ready for some very volitile markets, and get a piece of the action.

That's why Markets exist, to allow the aware to outmaneuver the majority.

In a Marketplace, you, the individual, have power.

So exert yours!

Who Is john Galt!

  Posted by Dan Prentice on 06/13/11 10:30 AM

We will never get any where unless we reclassify the Nondiscretionary Spending part of the budget

  Posted by forbestop10 on 06/13/11 08:31 AM

Good advice. Thanks Wayne.

  Posted by Wayne on 06/12/11 04:07 PM

Here's hint for you.

Invest where there are the least amount of parasites sucking the productive dry. There will be a few parasites everywhere, but the area that has the least number of parasites will give you the best chance of getting a favorable return.

"I think we have more machinery of government than is necessary,
too many parasites living on the labor of the industrious."
Thomas Jefferson Letter to William Ludlow, 1824

  Posted by Wayne on 06/12/11 03:23 AM

Well, take heart in a simple fact.

The majority of mankind has always been wrong when dealing with major changes. Many self program themselves by extending their recent experiences into the future. so when that trend changes, splat.

This entire failure is aided and abetted by the MSM pundits, whose job it is to keep the status quo for as long as possilbe for an obvious reason.

It takes time, and lots of people with some money for the big boys to sell out their holdings prior to the real break. The reverse is true at economic bottoms.



"If The Elevator Operator recommends buying, you should have sold long ago!" HENRY FORD

We are dealing with a titanic shift of economic power right now. And many with memories of the Gold Old Days of the US. will not give up that model.

"A new scientific truth does not triumph by convincing opponents and making them see the light, but rather because its opponents eventually die, and a new generation grows up that is familiar with it. "
- Max Planck

It's human nature not to want to believe new information, especially if it's perceived as "bad" news.

However, that's not our problem, as we see things through a different lens.

There are always opportunities through which businessmen can profit handsomely if they will only recognize and seize them. J. Paul Getty (1892 - 1976)

  Posted by clark on 06/12/11 01:51 AM

Wayne, to be fair, that was an approximation of a Michael S. Rozeff quote.

I've been arguing (pointlessly?) with a misdirected Person quite like DwightMann that holds many of the same viewpoints, among a few others.
The Rozeff quote fits his and many others positions to a T.

Here's a snipit of his thinking in the comments section if you'd care to take a gander:

Click to view link

It's not about the subject of immigration, but this is the manner of a Person who holds such a view... I've tried to convince him otherwise a number of times.

An all to common way of thinking, to me it somewhat explains why Americans just aren't concerned about what Jim Rogers says. ... I find it all perplexing. ... a Cassandra's curse kind of situation I guess?

  Posted by Wayne on 06/11/11 07:32 PM

Just some more evidence that "Pain Is In The Forecast"
Click to view link

  Posted by Wayne on 06/11/11 04:46 PM

"We need to make the U.S. a police state to stop the illegals from voting to make the U.S. a police state"?:

What a perfect do loop!

No exit from this premise!

I need a drink!

  Posted by clark on 06/11/11 09:53 AM

As you were saying, Wayne, and as if on cue, eh?

DwightMann needs to read these links, but probably won't, likely too busy chanting, "We need to make the U.S. a police state to stop the illegals from voting to make the U.S. a police state"?:

Buy American? Sell American!
Click to view link

Buy American!
Click to view link

Should We Buy American?
Click to view link

The 'Buy America' Myth
Click to view link

  Posted by DwightMann on 06/11/11 07:30 AM

It is not the money that is at fault here, it is our elected leaders that have brought this tyranny upon an unsuspecting constituency. That and the unbridled Federal Reserve. . .
Buy American!
If I ran my house like our politicians have run this country, I would be living on the street.
We are the unpaid police force for the world, and that needs to stop. Need Military help, pay us for it. . .
Sounds like something Trump would say!
Bring our boys home(and girls) and defend the border!
Rogers is a pessimist, and if he wants to buy Remnimbi, he should move to china and enjoy the full benefits of owning that currency.
We are the worlds top dog!

  Posted by Wayne on 06/11/11 01:41 AM

Some one else gets it!
Click to view link

Funny how long it takes to learn this lesson, and most never do!

  Posted by Wayne on 06/10/11 07:39 PM

Batten down the hatches,all, because QE 2 is ending, and London Bridge is going to fall. On Us!
Click to view link

Pain is in the Forecast!

  Posted by Wayne on 06/10/11 03:44 PM

An interesting little snippet that reinforces Jim Rodgers argument.
Click to view link



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