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Thursday, February 23, 2012

VIDEO: Jim Rogers Blows Up Reuters Int. ... Fed ALREADY in Secret 'QE3'

By Staff Report
56

Jim Rogers

We already have QE3  ... Get out the Federal Reserve's balance sheet. You'll see that they've been pumping up – you can see unadjusted M2 is going through the roof. Look at their balance sheet.  ... All sorts of assets are suddenly appearing on their balance sheet. Where did they come from?  They didn't come from the Tooth Fairy; they came because they're in there buying in the market as fast as they. There IS QE3 already.  They don't call it that but it's there. – Jim Rogers on Reuters

Dominant Social Theme: Everything's cool and this is just another normal interview.

Free-Market Analysis: This is some video with legendary financial trader Jim Rogers, and it shows the incredible disconnect between the mainstream media and reality – as enunciated by Rogers.

Of course, Reuters is not exactly our favorite news organization. It is very obviously a main asset of the Anglosphere power elite and the interview shows that right away. Rogers is asked about the leading candidates for president and Ron Paul's name is left out! Significantly, only Obama, Santorum and Romney are mentioned.

But Rogers is a savvy interviewee, and he's on record plenty of times about his support for libertarian Congressman Ron Paul. Almost immediately he mentions the candidate's name and restates a kind of endorsement of Paul's views. The Reuters questioner doesn't bother to address the issue and moves on to his next point.

These points are equally (egregiously) promotional. They hew to the dominant social themes that the Anglosphere power elite wants promoted.

The elites do not want Ron Paul to gain too much traction if they can help it. Thus, he is now acknowledged in many mainstream articles and interviews.

The power elite has also – as we have reported numerous times – apparently decided that Barack Obama's re-election is very important to them. We believe that the phony good news coming out about the US economy is evidence of this.

Rogers makes this very point in about the middle of the interview, when he lashes out at the Reuters questioner over a timeline for a renewed QE3. The "new" quantitative stimulus is ALREADY taking place, he says. It's been put in place to help Obama win re-election. (See transcript above)

Of course, this is especially notable given current stories that some Fed honchos believe no such stimulus is needed because the US economy is "improving." According to various reports, Dallas Federal Reserve Bank President Richard Fisher has repeated views that additional QE3 measures are not needed.

He's quoted as saying, "The tone is a lot better. It's not brilliant; we don't have enough new hiring taking place, [but the numbers are] definitely moving in the right direction."

Incredible. Fisher believes the official numbers, eh? Rogers is not nearly so naive (or misleading). He is convinced that the powers-that-be are doing what they can (and it's a lot) to ensure that Obama gets another term in office. Not only is the US central bank interfering in the markets and buying up financial assets, the books are generally being "cooked" when it comes to US economic figures as well.

Rogers points out that while the bought-and-paid-for mainstream news media is trumpeting the advancing US economy, the use of electricity in the US is actually going DOWN.

You can see Rogers take apart the elite memes of the mainstream media here (click on the image):

 

(Source: Reuters.com)




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  Posted by GeorgeSilver on 02/23/12 03:19 PM

Dear Daily Bell,

Please do an "expose" on Jim Sinclair. People seem to follow him blindly when just listening to his words and looking at his background shows he is one of the "illuminate".

Reply from The Daily Bell

Jim Sinclair

Click to view link

Jim Sinclair is primarily a precious metals specialist and a commodities and foreign currency trader. He founded the Sinclair Group of Companies (1977), which offered full brokerage services in stocks, bonds, and other investment vehicles. The companies, which operated branches in New York , Kansas City, Toronto , Chicago , London and Geneva , were sold in 1983.

From 1981 to 1984, Mr. Sinclair served as a Precious Metals Advisor to Hunt Oil and the Hunt family for the liquidation of their silver position as a prerequisite for the $1 billion loan arranged by the Chairman of the Federal Reserve, Paul Volcker.

He was also a General Partner and Member of the Executive Committee of two New York Stock Exchange firms and President of Sinclair Global Clearing Corporation (commodity clearing firm) and Global Arbitrage (derivative dealer in metals and currencies).

In April 2002, shareholders of Tanzanian Royalty Exploration (formerly Tan Range Exploration) approved the acquisition of Tanzania American International, a company managed by the Sinclair family. Following this transaction, Mr. Sinclair became Chairman of Tanzanian Royalty and now leads its efforts to become a gold producer and royalty company.

He has authored numerous magazine articles and three books dealing with a variety of investment subjects, including precious metals, trading strategies and geopolitical events, and their relationship to world economics and the markets. He is a frequent and enormously popular speaker at gold investment conferences and his commentary on gold and other financial issues garners extensive media coverage at home and abroad.

In January 2003, Mr. Sinclair launched, “Jim Sinclair’s MineSet,” which now hosts his gold commentary and is intended as a free service to the gold community.

  Posted by laceja on 02/23/12 04:52 PM

Mr. Rogers may see no reason to sell his dollars, but I moved to South America several years ago and the dollar has lost 46% of its value in the past five years. Even with this dramatic loss in value, the cost of living down here is less than half of what it is up north... With the same standard of living and as good as or better medical care. Actually, when you factor in the far lower cost of health care (and I can tell you from experience it is at least as good as in the US), the cost of living is probably closer to 75% less than in the US. I can certainly understand why Baby Boomers will have to work until they die. On the upside, that means lower payouts for Social Security.

  Posted by Sloper on 02/23/12 05:34 PM

Jim brings understanding and truth to those interested in gold. He does this free of charge. No one should follow anyone blindly, but Jim certainly has the creds. He is not part of the gang of criminals currently holding sway in banking and finance, in my opinion. In other words, there is nothing to expose.

  Posted by earnst on 02/23/12 06:43 PM

Jim always has a way of stating the situation as if it is obvious, which to him I'm sure it is. Thanks Mr. Rogers. Now I gotta check out the ancient astronauts thing!

  Posted by mikeck on 02/23/12 08:18 PM

I agree, but how can he possible fall for the storyline that Iran is a threat to us? How long has it been since they attacked anyone vs. the history of those who demonize them? That is really the only thing I disagree with Jim on at this point and yes, it makes me wonder at times about his loyalties.

  Posted by mikeck on 02/23/12 08:22 PM

To be clear, I was referring to Jim Sinclair.

  Posted by chessmaster on 02/23/12 09:18 PM

Video won't play all of the way through. I tried four times.

  Posted by sharbeth on 02/23/12 10:24 PM

The video will not load at all. I think it has been disabled? What a surprise.

  Posted by Bischoff on 02/23/12 11:52 PM

What is interesting to me is the promotion of Ron Paul as the presidential candidate who will reign in central banking. The only question I have, why does Ron Paul cozy up to the candidate of the central banking crowd, Mitt Romney... ???

Can anybody explain why Ron Paul takes Romney's back... ??? I don't understand it, unless Ron Paul is just a charlatan who is taking his supporters for a ride.

Ron Paul has accomplished "zip" legislatively in all his 24 years in Congress. Not a great record to recommend him as a politician.

His "ah-chucks" sort of approach in lecturing us on the Constitution as he campaigns, is becoming wearisome.

His recent mean-spirited remarks directed at Michelle Bachmann and Rick Santorum, show him as anything, but compassionate.

Add to it the fact that he never criticizes Romney, but runs negative ads attacking Santorum in a head-on race with Romney in Michigan, a state in which he doesn't actively campaign, and a picture of Ron Paul emerges which is down right scary.

However, this is a "free" country. People can choose who they want to support. The voters certainly proved their political savvy when they elected Obama in 2008.

  Posted by clark on 02/23/12 11:53 PM

The video works.

At first it didn't work for me either, I hit the page refresh button, then an ad played before the video, but it worked.

  Posted by Danny B on 02/23/12 11:53 PM

Greece has a coupon payment May 20. It's painfully obvious that Greece has nothing to gain be delaying a default.
Click to view link
Swaps & derivatives,, G8 and NATO are all meeting in Chicago in May. I suspect that Greece will default before the next coupon payment.
Everybody is meeting in Chicago to try to save the whole futures & options market.

While various powers are trying to paint a rosy picture leading up to the election, I don't see stability lasting that long.
The FED has successfully pumped up the stock market but, has failed to attract buyers for treasury bonds. That is a major-league failure. The BRICs are unloading treasuries by the ton. India is on track to buy 5,000 tons of silver to add to their private stash of 18,000 tons of gold.
Click to view link

The petrodollar should survive until the election but, not a whole lot longer.
Click to view link
I seriously doubt that obummer will get the stability that he wants.

  Posted by clark on 02/24/12 12:00 AM

Here's some speculation for ya Bischoff:

Click to view link

Working with what ya got? Making the best of a bad situation? I don't know.

Also, to say, "Ron Paul has accomplished "zip" legislatively in all his 24 years in Congress." is not correct,... and even if it were, sometimes doing nothing Is doing something,... which is often times the better thing to do, imho. I wish there were more like him.

  Posted by clark on 02/24/12 12:18 AM

One last thought, the popular vote in the presidential election is kind of meaningless, just ask Al Gore, it's the delegates that matter and Ron Paul is getting those,... so maybe Romney is setting himself up to be Ron Paul's vice president choice?

Stranger things have happened. It Is a horse race after all.

  Posted by oneman on 02/24/12 09:42 AM

Something else is happening March 20, that might prove a game changer:

Click to view link

  Posted by Danny B on 02/24/12 10:14 AM

Jim Rogers makes the case that only Ron Paul understands the economic problems. When / if the CBOT blows up, there will be a lot more people willing to listen to someone with different ideas. If the PTB want to reelect obummer, they have to work some kind of magic in Chicago. Most investors have shown themselves too smart to fall for the BS. They don't believe in magic.

  Posted by gabe on 02/24/12 10:28 AM

Bischoff,

You revealed a lot about your judgement to me when you came on this board and announced your support for NEWT GINGRICH. Now you attack Ron Paul because he "has not accomplished anything"? I suppose supporting the patriot act and No Child Left Behind would be considered a "accomplishment" by you?

You think it is "mean-spirited" for Ron Paul to call Santorum a fake? I think it is honest ... it is a major accomplishment in my book to bring honesty into the national debates. Traditional political "accomplishments" are nto able to change the direction of this country... only the broad sowing of ideas can move this country in a better direction and that has been Ron Paul's biggest accomplishment thus far.

Bischoff, it seems you underestimate the problems this country faces. You seem to not understand that democracy as it is practiced today is merely a tool of a control, meant to satiate the masses into thinking they are not feudal serfs while gauranteeing that the important interest of the money printers are never challenged. Seriously Newt Gingrich would not be an improvement over Obama, if you can't understand why then you are going to have problems relating to the ideas presented on this web site.

Just curious, why do you choose to come here instead of National Review or Red State or The Economist?

  Posted by kenn on 02/24/12 10:28 AM

[Ron Paul has accomplished "zip" legislatively in all his 24 years in Congress. Not a great record to recommend him as a politician.] Bischoff

In the last 24 years how much legislation passed was unconstitutional? My guess is damn near all of it. Maybe if the rest of those parasites that vote the way their paid and the constitution be damned did the same as RP we citizens wouldn't be government assassin targets. And Maybe we wouldn't be holding our shoes in our hands waiting to be XXXrayed or felt up like good little serfs.

We wouldn't know how much and who the Federal Reserve gave it's freshly printed up paper to,,, now would we?

As the Bell and most others know,,, I have some questions about RP but his voting record isn't one of them. That's more than I can say about the others and especially Obomber who is a quote, "constitutional scholar" His entire life is sealed so how do we know where his area of expertise lies.

It isn't the quantity of legislation... it's the quality.

more fluoride please.

  Posted by Abu Aardvark on 02/24/12 10:29 AM

Gee, just bumped into this ... in case you haven't seen it already:

"The Secret Meeting That Launched the Federal Reserve: Echoes" (Bloomberg, Feb 15, 2012)

Quote: "Of course, the Jekyll Island conference, which met that month, was dodgy even by the standards of the Gilded Age: a self-selected handful of plutocrats secretly meeting at a private resort island to draw up a new framework for the nation's banking system. Add in the gnarly live oaks and dripping Spanish moss of coastal Georgia, and the baronial becomes baroque.

(... )

Today, a central bank is the global standard. All 187 members of the International Monetary Fund have them. In November 2010, Fed Chairman Ben S. Bernanke held a press conference on Jekyll Island to celebrate the centennial of the meeting. Aldrich and his colleagues would have been proud of their accomplishment -- but mortified by the publicity.

Click to view link

Reply from The Daily Bell

Thanks. Just read the comments! The cat is well and truly "out of the bag."

  Posted by Bischoff on 02/24/12 10:51 AM

What's your point... ???

  Posted by Bischoff on 02/24/12 10:53 AM

@ DB

"The cat is well and truly "out of the bag."

Care to elaborate... ???

Reply from The Daily Bell

Read the comments below the article. People simply don't believe the Federal Reserve was created for "their" benefit. Even you have now admitted it was not merely a innocuous enterprise. It wasn't. It isn't. We even think it may be on the way out.

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