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Rogers: Dollar To Lose World Reserve Status
Greenback sinks following news of Lehman Brothers’ bankruptcy
Paul Joseph Watson
Prison Planet
Monday, September 15, 2008
With the greenback plummeting after the news of Lehman Brothers’ bankruptcy, top investor Jim Rogers predicts that the dollar will lose its status as the world reserve currency status and has resolved to buy more gold despite a recent fall in the price of the commodity.
Rogers, who correctly predicted China’s resurgence as an economic superpower back in the 80’s as well as crude oil surpassing $100, says the global economy is in a recession that is going to get much worse while inflation will continue to skyrocket.
“Some countries lie about it. But, inflation in all countries is going to get worse. The next decade is going to see lot more inflation, which is not good,” Rogers told the India Business Standard.
(ARTICLE CONTINUES BELOW)
“Frequently, since the prices of the commodities go up before the inflation numbers, one can stay ahead of inflation. But, if you get it wrong you might do worse. So, investing in those commodities, which are going to go up first or selecting the right commodities, is the key to stay ahead of the inflation and make a lot of money.”
Turning to the dollar, Rogers dismissed the greenback as a “flawed currency” that would continue to deteriorate for two to three decades, adding that he would seek to use the dollar’s recent rally as an opportunity to get out of the currency completely.
“I do not want to own any US dollars. Also, I would not urge you to buy US dollars. (The) dollar is going to loose its status as world reserve currency,” said Rogers.
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“Some of the OPEC countries have already started and no longer take dollar, like Venezuela no longer accepts the dollar. Other countries are already looking and may be taking a package of basket of currencies instead of the dollar. I am not the only one who knows the dollar is in trouble. Anybody who watches the TV knows that the dollar is in trouble,” he added.
Rogers also said that the bull market in oil has at least another ten years to run and that oil prices will only go higher.
Speaking on the subject of commodities, Rogers recommended sugar, coffee and cotton and also said that he would be buying more precious metals.
“I am trying and want to buy some gold. However, whether this is the low in the gold, I have no idea, but if gold goes lower, I will add some more. Gold is something I do not plan to sell. Gold is something I will gift to my children,” concluded Rogers.
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52 Responses to “Rogers: Dollar To Lose World Reserve Status”
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September 15th, 2008 at 4:22 am
Hey Nunya
Do you mean “Ready, Aim, FIRE”?
MB
September 15th, 2008 at 5:56 am
We have no power to do so. Why do you think the Bush criminals get away with so much? They know how well insolated they are from the law. What this country really needs is a good old fashioned ‘Russian purge’. Thousands would go to jail and the ring leaders to hell! And to hell very soon at that. The American people would be so angry if they ever found out what these traitors were up to, they (the American sheep) would demand blood, you know how Americans like blood…usually, kids blood from some other country, but in this case we could settle for some of our own.
September 15th, 2008 at 6:04 am
Soon will begin the world wide depression the US must make this event happen.. why? if this event does not occur how will the NATU (north american trade union) be able to introduce a silver backed currency in 2010? why silver? because gold is too rare and expensive.. they are suppresing silver down to $10 so when the Amero makes its debut you will be able to buy 10 ameros for every $100US.. in reality they are just shaving off a zero yet providing some real base for the future currency. Its really no surprise, did anyone not notice that even france is now going to be minting gold coins again? time to face the true reality! THE MINTS GOLD AND SILVER EAGLE PROGRAMS INTENTION AND PURPOSE FROM DAY 1 WAS AND IS AS A BACKUP CURRENCY!!!
September 15th, 2008 at 6:13 am
Hey “Futureweaponsmith”
Wow this is some good stuff… Please Post
some cool links, I want to learn more…{:o)
Thanks!!!
MC
September 15th, 2008 at 6:28 am
hang all them crooks in washington…………..just leave the mastermind bush sr alone he already has blood stained hands just like his boy bush jr…….
September 15th, 2008 at 6:50 am
Yeh, I think I’ll run out and buy mountains of gold.
September 15th, 2008 at 6:57 am
There is no reason to suppose any new American currency would be silver- or gold-backed.
The fiat nature of the dollar is only part of the problem that we witness today.
Equally important if America is to be saved from another Great Depression is to seize control of the Federal Reserve.
Since 1913, the “Federal” Reserve has been privately owned. It is the Fed’s private owners in London and Frankfurt, and not the US.GOV, who issue the nation’s currency. This illegal arrangement is in complete violation of the Constitution.
Secondly, a “New Bretton Woods Agreement” needs to be signed. This would drive a stake through the heart of the currency speculators like the British asset, George Soros, who has repeatedly raped the dollar for his own selfish gain. The Agreement would see currencies traded on exchange rates that are fixed according to the relative purchasing powers in each country.
September 15th, 2008 at 7:06 am
We are getting dangerously close to an economic crisis that will authorize our president to declare marshal law and suspend all freedoms (including the election). All freedoms will be suspended. It’s almost like this was all planned!
Prepare for the age of King George the Great and Vice Reich Chancellor Cheney….
September 15th, 2008 at 7:15 am
The way to win….BARTER….BARTER…LEARN TO BARTER….STOP USING MONEY AND BEGIN TO BARTER.
September 15th, 2008 at 7:19 am
YA GOTTA SEE THIS…REALLY!!
http://www.youtube.com/watch?v=XbrNSOxwXOM
September 15th, 2008 at 7:29 am
A CALL TO ARMS PERHAPS? SEE FOR YOURSELF..
http://www.youtube.com/watch?v=XbrNSOxwXOM
September 15th, 2008 at 8:02 am
This is part of the plan. Their motto is “ordo ab chao” which means “order out of chaos”, they present the world with a chaotic situation which will make the people desperate and beg for a solution. And the solution they will present will be a “New World Order”, meanwhile everyone will agree on it and turn themselves to their Govts that betrayed and lied so many times. Why? People are selfish and greedy, they don’t care what’s happening on their country or what is Govt doing aslong as they got money for food and to pay their bills. Just wait when that is over.
Problem. Reaction. Solution.
September 15th, 2008 at 8:07 am
Alex blew it. He could have been covering the financial mess. Instead he chose to continue his brainwashing. Notice how he posts how Rogers is buying gold. No doubt Ted will soon be on to sell you gold. This is how Alex and Ted work – their agenda is to scare you everyday so you will buy doomsday products. Alex and ted are millionaires as a result of your stupidity.
September 15th, 2008 at 8:16 am
Off topic but I’m trying to Get World Trade Center collapse and the NIST report some coverage On : http://www.afterdowningstreet.org/node/35718 But since the report came out on the 21 of August I have as of yet been ignored by David Swanson. A good “nudge” from the likes of Alex Jones or Jesse Ventura On this subject on that forum right now would really get the ball rolling. Scroll to the bottom if your short on time.
September 15th, 2008 at 8:20 am
Live webcam of Abu Graibh torture rooms from exclusive Israeli porn site contact
http://rawair.net/
September 15th, 2008 at 8:37 am
Watch live webcam video from Abu Graibh torture rooms. Kiddie snuf films exclusively at:
http://rawair.net/contact.html
September 15th, 2008 at 9:54 am
“I do not want to own any US dollars. Also, I would not urge you to buy US dollars. (The) dollar is going to loose its status as world reserve currency,” said Rogers
NO ONE WANTS TO SUPPORT THIS FASCIST STATE OF AMERICA. NO ONE SHOULD PAY THEIR TAXES OR PROVIDE ANY SUPPORT TO THIS FASCIST STATE.
BUSH AND HIS FOLLOWERS ARE TRAITORS, MURDERERS and WAR CRIMINALS. BUSH SHOULD BE HUNG AS ALL WAR CRIMINALS SHOULD.
September 15th, 2008 at 9:56 am
“The English were desperately naïve: ironically centuries of democracy had made them so. They thought that however greatly the world changed, they would never have to fight for their freedom again, that the country would magically remain the same…”
A State of Denmark
September 15th, 2008 at 10:00 am
Proof Alex Jones dupes his followers.
http://img147.imageshack.us/im.....iseen0.gif
It’s NOT the fact that he DOES advertise, or that he charges money for it, or how much money he charges; it’s the fact that he has to trick his followers into clicking on the advertisement. Sure, it’s an industry “gimmick” many people use, but it is STILL duping and trickery.
So, if Alex Jones uses duping and trickery in his advertising schemes, what ELSE is he duping and tricking us about?
September 15th, 2008 at 10:06 am
where’d you find that site Daniel?
http://www.rawair.net
thats some pretty frightening information about the chemicals we breathe from computers.
Its gotta be part of the NWO’s plan to sicken the world.
September 15th, 2008 at 10:07 am
WARNING!
DO NOT CLICK ON THE rawair
September 15th, 2008 at 10:07 am
Narrator: [narration as John 'John Boy' Walton, Jr. reading from his journal]
Whenever I look back to those days when I was growing up in the Great Depression, I’m always convinced that I came from a remarkable family. It wasn’t that my brothers and sisters and I were sheltered from the realities of those difficult times. It was simply that our mother and father had a way of making more of what we had and less of what we didn’t have.
1972
September 15th, 2008 at 10:09 am
there is no kiddie snuff films. Just information on toxic fumes from electronics at http://rawair.net/ However there is a Abu Graibh torture webcam… that parts true.
September 15th, 2008 at 10:10 am
WARNING!
DO NOT CLICK ON THE rawair LINK OR ANY LINK FROM DANIEL STRONG. IT WILL INFECT YOUR COMPUTER WITH SERIOUS VIRUS AND AD WARE.
WARNING!
AVOID rawair AND ALL DANIEL STRONG LINKS
September 15th, 2008 at 10:11 am
Economics Teacher: In 1930, the Republican-controlled House of Representatives, in an effort to alleviate the effects of the… Anyone? Anyone?… the Great Depression, passed the… Anyone? Anyone? The tariff bill? The Hawley-Smoot Tariff Act? Which, anyone? Raised or lowered?… raised tariffs, in an effort to collect more revenue for the federal government. Did it work? Anyone? Anyone know the effects? It did not work, and the United States sank deeper into the Great Depression.
Today we have a similar debate over this. Anyone know what this is? Class? Anyone? Anyone? Anyone seen this before? The Laffer Curve.
Anyone know what this says? It says that at this point on the revenue curve, you will get exactly the same amount of revenue as at this point. This is very controversial. Does anyone know what Vice President Bush called this in 1980? Anyone? Something-d-o-o economics. “Voodoo” economics.
Ferris Bueller’s Day Off 1986
September 15th, 2008 at 10:15 am
Gold might go up to $100,000 an oz.
Then from there it will be unlimited amount of dollars.
September 15th, 2008 at 10:15 am
hey,
whoever’s plugging my website for me, thats great.
http://www.rawair.net
no abu graib webcams on my site though… just info about toxic chemicals from computers
September 15th, 2008 at 10:17 am
GEE, can we PLEASE have those missing TRILLIONS from the pentagon back yet????
Oops…they spent it.
Bye bye miss american pie…your levy is dry!
September 15th, 2008 at 10:18 am
Quotation by Ken:
“NO ONE WANTS TO SUPPORT THIS FASCIST STATE OF AMERICA. NO ONE SHOULD PAY THEIR TAXES OR PROVIDE ANY SUPPORT TO THIS FASCIST STATE.”
Ken;
Truthers, to a man, are too cowardly to stop working for corporate America, stop buying corporate America’s products and services and stop giving their income to their masters, the U.S. Government. Sure, they’ll tell you all day, anonymously on a message board, how they’re going to “fight back” and “take back their country,” of course, given a REAL opportunity to do it, they lack the courage to do so. They believe the U.S. Government is trying to kill and/or enslave them, but it apparently isn’t serious enough to stop paying the U.S. Government to do so. Or maybe it’s pure cowardness.
September 15th, 2008 at 10:21 am
Daniel, I’m warning people that your site is a virus site.
THAT’S NOT A PLUG GENIUS. (notice I avoided providing a link–wink, wink)
But thanks for the opportunity to renew my warning.
WARNING, STAY AWAY FROM rawair AND ALL DANIEL STRONG LINKS.
THEY WILL INFECT YOUR COMPUTER WITH SERIOUS VIRUSES AND ADWARE.
WARNING!
September 15th, 2008 at 10:23 am
@Zionist Troll Alert
Of course your motivation to keep saying the same things over and over is already apparent. Kind of like a broken record, except no one listens to them anymore except a very very small amount. Im sure you hike up a mountain with your pick axe after you post from your computer. Find me some gold already!
September 15th, 2008 at 10:33 am
Anyways, here is what I think might work. Stockpiling gold. Lots of it. Well as much as you can carry anyway. Maybe a good 40lbs bag. You could weather any near term problem with that much gold, or even silver if that is all you can afford.
September 15th, 2008 at 10:37 am
Zionist Troll Alert 2;
If I sound like a broken record it is because the “truthers” STILL continue to work for corporate America and give their income to the U.S. Government DESPITE THE FACT CORPORATE AMERICA AND THE U.S. GOVERNMENT ARE TRYING TO KILL AND/OR ENSLAVE THEM.
Instead of responding with cliches like “broken record,” why don’t you explain why you work for corporate America and give your income to the U.S. Government?
September 15th, 2008 at 10:38 am
Zionist Troll Alert 2;
If I sound like a broken record it is because the “truthers” STILL continue to work for corporate America and give their income to the U.S. Government DESPITE THE FACT CORPORATE AMERICA AND THE U.S. GOVERNMENT ARE TRYING TO KILL AND/OR ENSLAVE THEM.
Instead of responding with cliches like “broken record,” why don’t you explain why you work for corporate America and give your income to the U.S. Government?
a
September 15th, 2008 at 10:40 am
CANUCK;
If all the fearmongers trying to peddle gold are claiming the dollar is worthless, why are they willing trade their gold for my dollars?
September 15th, 2008 at 10:55 am
Zionist Troll Alert 2, talking about a broken record.
I think the truthers (snicker) sound like a broken record when they bravely claim–anonymously on the internet–how they’re going to “take back the country” (snicker) while in real life, continue—much like a broken record—to buy corporate America’s products, work for corporate America and give their income to the U.S. Government.
September 15th, 2008 at 11:17 am
@Gregory Fegel, Jackass, Pravda trickster, Stuck in Silly mode, etc…
I dont not believe as you do. Instead it is easier to be a hypocrite and look at you paying US taxes…
Ok not back to Gold. Why is a metal like gold really worth anything anyway. Let me tell you it has been used for currency for Thousands of Years. Has the US dollar been used as currency for thousands of years? Like I said cant afford gold at least seal up some silver on your behalf as it also… Has been used for Thousands of Years.
September 15th, 2008 at 11:32 am
I like brother fegel
No I dont think it is propaganda, and yes I will take your poll!
September 15th, 2008 at 11:43 am
@Fregory Gregol, Olof, Jackass, Hypocrite, ECTO, RETO, etc…
Blah Blah Blah, you make me want to look up your website abotu Tax Resistince. Where can we all go Brother Fegel to see all your great tax resistience. Let as all marvel at your huge following of “Tax” something. I mean really you know Trix are for Kids.
Also, Im sure your doublespeak makes you a regular jeckl and hyde
September 15th, 2008 at 11:45 am
Gold Seller: The dollar is worthless!! Gold is the valuable exchange now!! Buy my gold!!
Prospective buyer: Ok, I’ll take some gold. How shall I pay for them?
Gold Seller: Dollars, of course.
Prospective buyer: ??
September 15th, 2008 at 11:52 am
Simon: We’re all just pawns being manipulated by the corruption of politics and big business anyway. Knowing about our health and environment, we just make bigger gas guzzling SUV’s, package the… the food in plastic which leaches poisons into our bodies, sell arms to other countries, then declare war on them because they use them, and make paper towels and tissue? That’ll only promote waste.
7th Heaven
September 15th, 2008 at 12:23 pm
From flouride in the water, to vaccinations, to chem-trails, to depleted uranium, to food additives, to genetically modified foods, there’s no shortage of theories as to why the health of Americans continues to worsen. In our quest to find solutions to our health problems, perhaps we’ve overlooked a source of toxins in our lives.
Modern electronic devices get hot when they operate and are made from many different toxic chemicals. When things get hot, they tend to outgas. Plastic and other synthetic chemicals are good examples. Computers, modems, and monitors are filled with such chemicals and consequently release unnatural chemicals into the air which you inhale. You’re breathing them right now. These chemicals don’t just smell bad, they can do bad things to you.
The following chemicals have been identified as being emitted by computers and monitors: Acetaldehyde, n-Butanol, 2-Butanole,2-Butoxyethanol,
Butyl-2-Methylpropyl phthalate, Caprolactam, Cresol, 2-Ethylhexanol,
1-3 Dicholorobenzene, Diisooctyl phthalate, Dodecamethyl cyclosiloxane, 2-Ethoxyethyl acetate, Ethylbenzene, Fermaldehyde, Hexanedioic acid, 3-Methylene-2-pentanone, Ozone, Phenol, Phosphoric Acid, Styrene, Toluene,
m-Xylene, and p-Xylene.
Consider this, during the same time that the level of unnatural chemicals in our bodies has been increasing, we’ve been experiencing more obesity, diabetes, cancer, ADHD, autism, bi-polar disorders, and just about every health problem you can think of, than ever before. One doesn’t have to be a rocket scientists to think there might be a connection.
Have you heard of brominated flame retardants? Poly brominated di-phenyl ethers (PBDEs) are a class of flame retardants used to fire-proof computers, modems, monitors, TVs and virtually all electronic devices. They are mixed into the plastic housings and circuit boards of devices. PBDEs are known to be toxic. They are also suspected endocrine disruptors, hormone disruptors, neurotoxins, immunotoxins and cancer causers. Chemical companies tell us all the chemicals they use are safe. But, can we trust them?
Whats worse, PBDEs are showing up in Americans at really high levels (the highest in the world) and getting higher. PBDEs, are similar to PCBs in that they’re toxic, and they bio-accumulate. Low level exposures build up over time to create large body concentrations.
There is good reason to believe that pbdes are outgassing from electronic devices. More research is currently being done, and we will likely know more soon.
There are so many different chemicals in electronic devices we may never know what all we inhale from them. Manufacturers are not required to tell us what chemicals their devices contain or to prove they are safe. Chemicals are innocent until proven guilty, not vice versa. Furthermore, electronic devices are usually made in China and other countries where concern for human health and common decency are not always taken into account.
Children have been shown to accumulate PBDEs at much higher levels than their parents. Children are developing and can be harmed by toxins much more readily than adults.
RawAir.net makes high quality air tight enclosures to protect you from your device’s outgassed toxins and its electric field. Our enclosures keep your device cool using our patent pending enclosure concepts. Our enclosures not only protect you, but prevent your devices’ toxins from accumulating all over your house and being ingested by your children or pets.
If you get negative feelings when you use a computer, your feelings may not be caused by electric field radiation alone, but by outgassed chemicals or a combination of the two. RawAir.net enclosures shield you from both, so you’re protected either way.
RawAir.net urges you to experience how much better life is, when you’re not inhaling a bunch of unnatural chemicals from your electronic devices. Protect your family from outgassed toxins, known and unknown, breathe outside the box
September 15th, 2008 at 12:48 pm
Quotation by Got Hypocrite?:
“Simon: We’re all just pawns being manipulated by the corruption of politics and big business anyway.”
Correction. You are ALLOWING yourself to be manipulated.
September 15th, 2008 at 12:53 pm
The dow just keep falling. Lets print some more money. That will fix it. LOL LOL LOL LOL LOL
September 15th, 2008 at 1:26 pm
Zionist, I think that your comment is tounge-in-cheek(at least I hope). I have read a couple of Rogers books and my take is that he is a pretty smart guy. He “retired” at age 38 (my age now) and did it all legally and with integrity, as far as I can tell. His former partner, George Soros, is a scum-bag, but I wouldn’t hold that against him. He, and many smart fellows like him i.e. Bob Chapman, are saying that you should use the soon to be worthless US Dollar to buy real money, gold and to a lesser extent silver. I would listen carefully to Mr. Rogers (not the sweater-vest Rogers) and take his advice into consideration when making any short and long term financial decisions. Just my take…
September 16th, 2008 at 11:07 am
If you are an atheist you’ve already lost. For a start you don’t understand what all this about. Even if you survive the financial collapse/famine/chaos/nuclear war you will eventually accept the New World Order, maitreya, take the chip etc. in order to survive. You’ve lost whatever happens.
September 16th, 2008 at 4:38 pm
No one knows when the end will come. We can only be vigilant for the signs according to the Lord. As for buying gold, I would remind everyone of the great precious metal confiscation by the Marxist President Roosevelt. If you money is worthless then a Tyranny will take whatever else you have that has value. You no longer have the right to property.
September 17th, 2008 at 6:05 pm
This is what happens when you allow the Jews to take over the financial system of any country. If you want the recession (actually depression) to go away, dismantle the “Federal” Reserve, put all of the “Federal” Reserve members and workers on trial for treason and hang them in a public square, replace the fiat system with precious metals and this depression will be over before it takes hold world wide.
If we don’t do this, we will all be waking up in the morning and polishing the boots of our Jewish Masters.
September 18th, 2008 at 7:34 am
I believe Friday will be a very bad day perhaps the worsted our economy has seen in a long time. I just got this gut feeling that something big is going to happen on Friday I hope Im wrong! Ron Paul was right! America should have listened but now it is to late.
September 18th, 2008 at 10:02 am
“Turning to the dollar, Rogers dismissed the greenback as a “flawed currency” that would continue to deteriorate for two to three decades, adding that he would seek to use the dollar’s recent rally as an opportunity to get out of the currency completely.”
What does that mean, get ready for the AMERO and the NAU ?
http://www.globalresearch.ca/i.....p;aid=7854
Is it just me or are the plans for the NWO starting to become painfully clear? Please tell me I am crazy and to “go back to sleep”
For the first time in my life I feel I need to get a gun/guns but then again, here in MA even pepper spray is illegal to have w/o “them” knowing your life story and pretty much beg/plead with the chief of police to allow you to buy it.
They don’t like you even being able to protect yourself from a rabid animal, never mind anything eles.
September 21st, 2008 at 5:15 pm
Would seem that some have discovered the real meaning of “to keep and bear arms” too late. The ultimate weapon against evil is the Lord, but we are also allowed by him to defend our lives if there is a threat of someone killing us. There is Gods law, and then there are the laws of men. What is happening, and from what i am reading and seeing is that sides are being chosen, those who follow God, and those who have chosen men to be their Gods. The lesson of Gideon is that the Lord only requires a certain number.
March 14th, 2009 at 8:46 pm
I too will be looking forward to the post.