Jim Rogers: The One Lie That Will Bring Down Ameri

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Personally, I've seriously thought about buying (& taking physical delivery of) $30-40,000 worth of gold and/or silver, as a last ditch hedge against stock market/financial collapse. Of course, a large quantity of canned goods & ammo in a defensible space would be good too!
 
Jim Rogers is a clown and a terrible investor, admittedly. He made his wealth from advisory fees from the fund he managed with George Soros. Soros even said Rogers is a terrible investor! He's been blatantly wrong in the last 4 years. I wouldn't pay him the least bit of attention. Well, I might bet against him, especially when he publicly makes predictions on where the treasury bond market is headed. He, along with the other debt doomers have been completely backwards in their predictions. He's been saying the exact same thing, year after year after year after year, and he's been wrong.

I was very wrong for listening to and believing many of these clowns before I started researching what's actually going on.

Could the market crash? Of course, but Rogers also tells investors to constantly sell treasury bonds at the same time he predicts stock market crashes, and he's been dead wrong on that analysis.
 
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Conspiracy theorists prey on those who have little knowledge or weak minds.Those who want to know "more" than the average guy,and think they are going to "survive" whereas their "lesser" bretheren will perish.A game of one-upsmanship.
These are the same people who thought the Tornado air intake,the Splitfire Spark plug,and Slick 50 engine treatment would save them hundreds of dollars and make them just a Little smarter than their counterparts who arent as savvy as they are.
The real smarties are guys getting rich off everybody elses fears.Think gun and ammo makers/sellers arent getting rich in todays panicky America?
 
Originally Posted By: NHGUY
Conspiracy theorists prey on those who have little knowledge or weak minds.Those who want to know "more" than the average guy,and think they are going to "survive" whereas their "lesser" bretheren will perish.A game of one-upsmanship.
These are the same people who thought the Tornado air intake,the Splitfire Spark plug,and Slick 50 engine treatment would save them hundreds of dollars and make them just a Little smarter than their counterparts who arent as savvy as they are.
The real smarties are guys getting rich off everybody elses fears.Think gun and ammo makers/sellers arent getting rich in todays panicky America?


Agreed! There are very few conspiracies.

But, the gun/ammo thing has very little to do with marketing and a whole lot to do with the behavior of lawmakers, the various bans and the opportunity to pick up guns prior to those bans. And, you know what? Those Americans who feared that the right to purchase certain guns and ammo were correct in their fears! Once again, this was not driven by marketing by gun/ammo people.
 
Gee how come all of the "fear monger" people somehow seem to have a business attached to their spiel. Whenever I see these statements followed up by a link to a professionally done video on another product that will save you, I have to simply puke.
37.gif


I mean cmon...really? Please buy my new "Sky is falling" prevention kit.
 
the guy isn't fear mongering, he isn't making you buy from him before he tells you about the reality of the fiat money system.

It's a huge ponzi scheme, plain and simple.

Fact is that our "money" is not backed by ANYTHING of substance. (gold, silver,ect)
 
"n 2002, Rogers said that Fed Chairman Alan Greenspan's "reaction to the stock-market bubble has caused two more bubbles to grow: a real-estate bubble and a consumer-debt bubble."[14] In 2006, Rogers said he was shorting US financials, home builders and Fannie Mae.[15][16]"
http://en.wikipedia.org/wiki/Jim_Rogers
Jim rogers has been right....a lot, about macroeconomics.

The signs could not be clearer to a contrarian....everything is wonderful, stock market back on track, housing coming back, no inflation etc etc. etc.
 
Economists are selling the idea that perpetual exponential growth is not just necessary to keep building a new base for the pyramid, but is "sustainable"...

Which is clearly a fallacy, on a finite globe
 
Originally Posted By: antiqueshell
the guy isn't fear mongering, he isn't making you buy from him before he tells you about the reality of the fiat money system. It's a huge ponzi scheme, plain and simple. Fact is that our "money" is not backed by ANYTHING of substance. (gold, silver,ect)


Fiat money is the only viable system, and it IS backed by things of value. Otherwise deflation would be the norm, as we produce durable goods, products, improve real estate and so on.

142,000 tons of gold have mined throughout history. Assuming the price of gold is $1,000 per ounce, the total amount of gold that has been mined would equal roughly $4.5 trillion.

Let's look at it accurately. You, Bob and I live on an island as the only inhabitants. We each have a one ounce gold coin, labeled $1000.

Bob builds a nice house with much sweat. I build 3 fishing boats and you build fantastic robotic tools for industry. The house is worth $1000, the 3 fishing boats are worth $1000 and the tooling is worth $1000.

BUT, I then build a mansion, a skyscraper with wind turbine on the top, automobiles, entertainment equipment, a number of Saturn V rockets for travel and more. You guys do the same!

How much is the first house worth?
 
Originally Posted By: antiqueshell
the guy isn't fear mongering, he isn't making you buy from him before he tells you about the reality of the fiat money system.

It's a huge ponzi scheme, plain and simple.

Fact is that our "money" is not backed by ANYTHING of substance. (gold, silver,ect)


OMG, we print money and buy our own bonds! Craziest [censored] I ever heard of.

Audit the Fed. I truly believe if the average Joe knew what the Fed was and is doing they would have a fit...
 
I don't think there is a perfect monetary system. Ellen Brown has some very good ideas on public banking. In most colleges, few Universities teach enough about the banking sector IMO. They also don't think outside the box and talk about alternative banking/monetary ideas. They push the same standard Keynesian stuff.

I agree with Drew here. Lot of fear mongering from folks that may be on the wrong side of the issue.

The Fed is far from perfect. I can see why many criticize the system, which is uniquely American and has worked to some degree. But what is the better alternative? That's the question.

The gold bug alternative is probably worse. Our money is backed by the economic output of our economy. Which can't be cornered on like gold can.

From the 30's until around 1980, we had few financial crises. The regulations and system put in place then, held up pretty well for the next 50 years. I believe the seeds for this 2008 event, were planted in the early 80's. Financial capitalism or casino capitalism hasn't worked that well and needs some tinkering.

Larry Summers, who is actually part of the problem (was in favor of repealing Glass-Steagall) I think said it best. He said these events occur every 50-80 years. You hope the system you design holds up for at least that. At some point you have to rebuild/design a better monetary system.

It's not as if all these financial schemes add value to the economy. They are often parasitic and a major drag. We are living through it now.

Bernanke's credibility has been shaken being he was blinded sided by the 2008 event. Since then he's done ok, I suppose.

I don't think anyone has a grasp on what's going to happen. So many variables. Theories will be tested that's for sure.

It's possible the U.S. may have to run debt/GDP ration well over 150% for years to come.

I share Garry Shilling's view.
 
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