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Got honesty?
Woah, great article. Love to read Jim’s thoughts any time.
Always honest and always hitting close to the truth.
Thanks for posting this article, it’s a great read.
Check this out. One page summary please
Rogers is a wacko. So we let the whole system crash and send the country into a depression to punish Wall Street? How about citizens getting off their butts and forcing changes so it won’t happen again. The average guy on the street doesn’t even know what the Fed does. Listen to Warren Buffett, not this cynical jerk.
Jim Rogers puts his money where his mouth is.I have been
following his ideas for over 20 years now.He sees the big picture.He is generous in sharing his opinions with those that will listen. Thank you Mr Rogers.
Rogers has a pretty narrow view himself… it’s just China, China, and more China. This is getting old.
Tom the average Joe can’t afford to pay attention. The system needs to learn a lesson and a fall would do that. A failed bank with bad buissness practices should fail thats how a self correcting market weeds out the incompetant.
[...] [Jim Rogers interview] [...]
Rogers like the rest always say the fall is way off in the future when they know better, they don’t want to alarm people and be called bad guys and if they miss it then they will no longer be listened to.
Rogers is playing it safe just like everyone else, but with Fannie and Freddie biting the dust as expected we are on the down slope and I’d get out of the way.
Politicians private accounts and real money is out of the country if they are insiders. Keep in mind that the U.S. can keep you from bringing it back in or going to get it. The Swiss are liars and cheaters so don’t trust them any further than you can throw Congress.
Nick, in a perfect world I agree with you. However, the U.S. is hooked on trillions of $ of foreign capital, much of it in debt of Fannie and Freddie. To let them go would cause a huge spike in interest rates and chaos in stocks, real estate and the general economy. The amount of money needed to then cure a depression would make this look like child’s play. Like it or not, we march to the tune of our bankers, the Chinese, Japanese, Russians, Arabs, etc.
[...] I think you might enjoy this Jim Rogers interview: Jim Rogers: How the Federal Reserve Will Fail and the One Sector Every Investor Should Be In __________________ Shaun Overton OneStepRemoved.com Strategy and Automated Trading [...]
Anytime I can read something Jim Rogers says or thinks. I will not hesitate to do so. Anyone taking shots at him is either misinformed, or ignorant to his simple, and easy savvy.
Among investors, he is in a league almost alone, if not alone.
Put Rogers in as Fed president so he can let everything crash and burn. That’s a real solution!
Jim Rogers commands respect because of his track record. Commenters who disparage him are voicing their own ignorance.
To Tom the Buffett Fan -
Look at what Warren is doing now. He has one of his Bank Surety BH companies no longer insuring deposits (look up Kansas Bankers Surety Co.) above the amount guaranteed by the FDIC. Eleven banks have failed in 2008; seven of them since July 11. Maybe Mr. Buffett would agree with Rogers more today than ever.
[...] Read: http://www.moneymorning.com/2008/09/06/jim-rogers-book/ [...]
We bail-out the failed at the expense of those who have not failed. The failed then graduate from failures to parasites.
20 years ago Russia failed. You all know the rest.
Write in; “Putin’s Overcoat” on the ballot this year.
Rogers did not sell his Chinese stocks? Their market is down 80% since the October 2007 high.
That makes no sense to me..
Rodger predictions are coming faster then expected. So what would had happened if Fannie Mae and Freddie Mac went BK? I bet the other financial companies would know there is no govt. bailout and would simply raise interest rates and/or merge. But now there’s a bailout plan with 700 billion up for grabs and now the financial institutions must “appear” to fail to get that cash.
The problem with Rogers is he espouses arcane theory with myriad historical references, which are certainly educational and true. But he never really provides anything concrete, other than “buy China” of other sweeping generality about commodities, as if all commodities move in lockstep. Gold? Oil? Moving in opposite directions. China? Some stocks are gaining 100% while some lose 90%. He can basically claim to be right under any circumstance with this and other interviews.
[...] Jim Rogers: China’s Expansion Depends on Water [...]
Maggie said on Sep 8, “The Swiss are liars and cheaters so don’t trust them any further than you can throw Congress.”
Whatever. I suppose you meant something. Any specific bee up your bonnet?
[...] Money Morning: Jim Rogers: How the Federal Reserve Will Fail and the One Sector Every Investor Should Be In [...]