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Rogers Echoes Warning Of “Sucker’s Rally”
Veteran financial guru tells CNBC that market will hit a new bottom, as Bilderberg plans to pull the rug out from under euphoric investors hoodwinked into ploughing their money back into the system
Paul Joseph Watson
Prison Planet.com
Wednesday, May 20, 2009
Veteran financial guru Jim Rogers warned CNBC viewers today that the stock market has yet to hit a bottom despite people ploughing their money back into a sucker’s rally, as the Bilderberg Group’s plan to pull the rug out from under euphoric investors draws closer.
Rogers said that central banks “flooding the world with money” only attempts to solve the problem of too much debt with more debt and “defies belief,” adding that the method will not work because governments have failed to address the underlying problems that caused the crisis in the first place.
“I mean … you give me 5 or 6 trillion dollars, I’ll show you a very good time, there’s no question about that,” Rogers said.
“I’m not buying shares if that’s what you mean. Not at all,” Rogers told Squawk Box Asia.”The bottom will probably come later this year, next year, who knows when,” he added.
(ARTICLE CONTINUES BELOW)
Rogers’ sentiment is given weight when one considers the noises coming out of the secretive Bilderberg cabal during this year’s conference in Greece.
As we reported last week based on investigative journalist Daniel Estulin’s inside sources, investors, whipped up into a false state of euphoria by the belief that the economy is recovering, are being suckered into ploughing their money back into the system as a set up for “massive losses and searing financial pain in the months ahead” as the stock market reverses its uptrend and plummets to new lows.
Rogers told CNBC he was still favorable towards commodities and precious metals because they were the only sector where fundamentals were getting better.
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44 Responses to “Rogers Echoes Warning Of “Sucker’s Rally””
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May 20th, 2009 at 5:24 am
Hey, if you are still putting your money in the stock market, you deserve what you get. I remember the day they started discussing the bailout. Everyone I knew understood instantly that we would be a third world country if these fuckwads did it. And now, we will be one very soon. Fuck these traitors.
Dave Reply:
May 20th, 2009 at 6:47 am
Actually, if you get in and out, rather than buy and hold, you will be fine. I used inverse ETF/ETN during the downturn.
Also play commodities!
JesuitNWO Reply:
May 20th, 2009 at 7:01 am
Yeah, but even daily scalps are dangerous at this point because the actual date they will “pull” the economy is still unknown. You could theoretically be in a hourly scalp position and still lose when they pull it. The physical delivery of precious metals, coupled with commodities over an ETF (maybe) is preferable to most layman investors for this reason. Many people are also not learned in the art of technical analysis as well.
chewbacca Reply:
May 20th, 2009 at 6:55 am
KICKASS VIDEO:
9/11 Lessons From Star Trek
http://www.youtube.com/watch?v=2CyjD6Ulf6s
John D Reply:
May 20th, 2009 at 12:06 pm
Well said, Jim Lunsford. If people are buying stocks, they are buying the hype, too.
I always listen to him, and this guy http://tinyurl.com/o3klg4 too, as they always are honest about the current state or affairs.
Social Viability Reply:
May 20th, 2009 at 2:16 pm
Yeah, it’s about time people take a break from the news media babble and take a look at the intrinsic value of what they invest in.
The real tragedy is that the schools never taught children what money actually is or how to determine the intrinsic value of any asset.
So “traders” and “investors” are, by and large, merely gamblers trying to snatch a buck from the next guy that comes along.
It is a travesty of commerce to see a system where the biggest criminals are allowed to siphon the most money away.
Don’t fight the system:
Replace it
http://socialviability.com/
KEVIN TITUS Reply:
May 23rd, 2009 at 7:20 am
DAMN RIGHT.
I DECLARE A DEATH SENTENCE TO THE TRAITORS AND EVERY AGENT WHO WORKS FOR THEM.
May 20th, 2009 at 5:27 am
In 1997 NORAD said, “Aircraft flying over our air space are monitored seven days a week, 24 hours a day.”
The quote above is contradicted by the following 2008 quote from NORAD, “Since the tragic events of 9/11, NORADs role which previously was outward-looking now includes monitoring airspace within North America.”
See the 5 articles on NORAD at http://www.DNotice.org
The articles can be found under the Previous Articles section.
sweet cheeks Reply:
May 20th, 2009 at 9:16 am
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I’m sure it has a use, but wait until the topic comes up.
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yada yada yada Reply:
May 22nd, 2009 at 2:25 am
i agree sweet cheeks
May 20th, 2009 at 5:29 am
In 1997 NORAD said, “Aircraft flying over our air space are monitored seven days a week, 24 hours a day.”
The quote above is contradicted by the following 2008 quote from NORAD, “Since the tragic events of 9/11, NORADs role which previously was outward-looking now includes monitoring airspace within North America.”
See the 5 articles on NORAD at http://www.DNotice.org
The articles can be found under the Previous Articles section.
sweet cheeks Reply:
May 20th, 2009 at 9:16 am
You as well?
Dude, stop posting this sh1t.
I’m sure it has a use, but wait until the topic comes up.
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yada yada yada Reply:
May 22nd, 2009 at 2:28 am
i agree sweet cheeks your right on it
boogereater Reply:
May 20th, 2009 at 5:54 pm
WOW! if this info is correct we should launch a national movement pressing for the truth about what really happened on 911. Bang-up job!!!!
May 20th, 2009 at 5:32 am
It is definitely a trap. You can see that on the propaganda broadcasts – the ones we laughingly refer to as the evening “news” [sic].
This is the last play. Stay as far away for the stock market as you can get. Anyone can see this rise is phony there are no fundamentals backing it up. It’s a cash fueled mini-bubble blown up deliberately as a trap for the uninformed. Even the charts show that it’s ready to pop and in artificially booming manipulated market the charts are often unreliable but this one one is so artificial even the technical indicators can’t hide it.
GET OUT NOW!
JesuitNWO Reply:
May 20th, 2009 at 7:12 am
The most dangerous thing is that many people don’t know they are directly invested in the stock market through their 401(k)s, IRAs, etc. and they CAN’T get their money out without significant penalties. These people (and we are talking about the vast majority of “average joes”) will be wiped out, with all of their bank holdings then instantly frozen (dollar will be heavily devalued that day). So that is why you want to be HOLDING onto PHYSICAL gold that day, and not an electronic account where you either have implicit delivery or just a spot position.
Alex (not Jones) Reply:
May 20th, 2009 at 9:07 am
Many 401’s and IRA will allow you trade ETF’s like GLD and SLV, others will not. Many will let you buy index funds like the HUI. Granted it is not as good as the real thing but when the metals explode you can trade out before the government confiscates all of it. Not an idea plan but better than nothing.
The downside is that likely they will pass a retroactive tax on metal “speculators”. They’ll start by demonizing gold buyers and then blaming them for the bad collapse of the dollar. The AIG bonus controversy was a hint at what they might do, slap a 95% tax on gold and silver “profits” to take back from you “evil speculators” that dare to try to protect your hard earned savings. By then we’ll all be screwed anyway so it doesn’t matter.
Stock up on tradeable goods like dried soup, Cup of Noodles are cheap at Costco, BJ’s or Sams, buy a dozen cases. Buy bulk Salt, flour and rice. get 20 cases of small bottle water even 8oz size, all for trading. Ammo of course of yoo can get it. All these can be traded later as can junk silver coins, even copper ingots – they are dirt cheap and will grow in value.
Stay away from large gold coins. get the smallest you can even 1-10 g bars. they are very tradeable and the last thing you want to get stuck with is a megabucks gold coin you can’t get change for when you trade for something.
Junk silver is actually ideal. A 1964 or earlier quarter or dime will buy about the same thing it did 45 years ago, and this will likely hold in the future. Buy as many as you can, silver rounds are good, they are readily available.
You might have to kiss your IRA or 401 goodbye anyway, I have a high expectation of all of them being “saved” for you by the Social-ist security administration in exchange for a “guaranteed” rate of return – probably 5%, which basically means you will lose it all.
I can already see the propaganda starting about that, the news [sic] is talking about how holders of private accounts need “help” since they have lost so much already, as well as that beginning of the demonization of “401(k) millionaires” who still collect social security, never mind many of them (including myself) already paid more into SS than they have put into their private accounts, yet we will be accused of “stealing from the poor”.
It’s already starting, it will ramp up as the year goes by. Watch the TV broadcasts, they are early warning systems; you can see what they are prepping the people for if you know how to pay attention to what they are saying and how they are saying it.
JesuitNWO Reply:
May 20th, 2009 at 11:31 am
I’m aware that you can trade ETFs, etc. using 401ks and IRAs, my point is that only a very small percentage of people (<5%) even know about or do it. Even these people probably are unaware how to properly trade them.
Moving out to an extremely rural area is probably the better route, and become completely subsist on the land; solar power, garden, rain collection system. That is the best hedge against this. With housing prices so cheap on the East Coast (where I live), I can only imagine how much they fell in the mid-west. Anyone know how much a bunch of acres averages out there?
Alex (not Jones) Reply:
May 20th, 2009 at 12:55 pm
You can find decent acreage in southern Ga for $1000 and acre, slightly higher for road access.
william b travis Reply:
May 20th, 2009 at 1:10 pm
alex you are absolutely right about the confiscation of gold
junk silver is what you will need to trade for small items
stock up on non perishable foods
consider bleeding down your iras at a rate you can afford to pay taxes on
better to pay penalties and get your money out
as tax rates will only go up again
wood burning stoves in a cold climate
make sure you have good transportation
May 20th, 2009 at 5:58 am
A trap for those who wish to get rich quick, with a ticker instead of flashing lights and strippers like Vegas. At least in Vegas, you do get dinner and a show before the dealers rip you off. One thing all stock holders should remember, is the HOUSE ALWAYS IN.
I second the Get OUT NOW philosophy.
Even Rodgers’ is getting out of the DOLLAR. That is very telling, in and of it’s self.
May 20th, 2009 at 6:00 am
Screw gold and silver I say invest in lead and brass!
May 20th, 2009 at 6:22 am
You can’t trust the stock market. You can’t trust any type of investment anymore period, haven’t you learned this yet. Thanks to bribed Senators like Texas’s Phil Grahm all the oversight and regulation has been taken out of banks, stocks, wall street, investments and it has become a casino game. And like a casino the only winner is the casino, or in this case the connected ultra rich CEO’s of Goldman Sach’s and the JP Morgan’s of the world. You and I don’t stand a chance. Even when you do get lucky and make money in the stock market like I did 10 years ago, the fuckin IRS is right there to grab any profits you had. Two things changed this country in the past 10 years for the worst. The first was when Bill Clinton said in front of Congress and sworn to tell the truth, “I did not have sex with that woman…rrrrr Miss. Lewinski. Then Bill’s DNA was all over her blue dress. When businessmen around our country heard this lie, they said to themselves, “hey if Clinton can lie so can I” and business has never been the same since. Everyone now thinks it’s cool to lie and cheat. Then the second thing is W Bush the Mornon in Chief allowing complete collapse of regulation of “everything financial” because the dummy didn’t know any better and listened to “advisors” to deregulate every god damn thing, and this is the result, what we have today.
porge Reply:
May 20th, 2009 at 7:40 am
i have been of the same mind since.” I never had sexual relations, with that woman.miss lewinski….Ever since I heard him say that.
The tone is set at the top and you are very astute to recognize the moral/ethical turning point.
The only reason that he wasn’t impeached was because it would have caused the stock market to decline and of course that is all that matters right??
We are screwed and i am glad that this sad chapter in human history is finally coming to a close.
I am looking forward to seeing truth and honest hard work and progress rewarded instead of swindling and deceit.
Now all we have to do is change Reality TV to reflect solid values that promote long term human advancement rather than shitbags like Donald Fucking Trump and the Art of the steal.
May 20th, 2009 at 6:50 am
dont give a damn about the market..closed my account 2 yers ago…I had g.m at 30 sold at 32…people were buying all the way down…now its at about 3.00 or so…I just wished they would get off the oil…fuel was at 1.87 about 2 years ago..we were bitching at the high gas..then it went to 4.00…we were screaming …it was high just long enough for us to get conditioned to 4.00…then it dropped down to about 1.60..wow low…then it started to inch up…now its at about 2.30..but we are conditioned to a high of 4.00…so every one thinks this is still low …when in reality…its still high…thats exactly what the gov. planed to get it high so we would be happy for anything lower…and guess what it works…as I see it its still about 50 cents too high…
Concerned Reply:
May 20th, 2009 at 11:09 am
Exactly!
May 20th, 2009 at 7:01 am
It will rally when hyperinflation sets in. So when the dollar increases in value, the DJIA drops. When the dollar loses value (inflation) the DJIA rises.
With China not buying treasuries like it used to, the USG has to create news events that sink the DJIA and send small investors into treasuries. This inflates the dollar. At which point our creditors begin to make noises about our debt and the bailouts. So the USG lets the dollar sink, sending small investors into the now-rising DJIA.
It’s a downward cycle. How far to the bottom? How poor is most of the world? Billions live in shanties, eat once a day, have no medical care and no access to clean water. That’s how poor this country can get. That’s roughly the bottom. It can happen here. And it will only take years, not decades.
May 20th, 2009 at 7:26 am
And why does any of this suprise you? We’ve all known for years….
What’s that old saying, “Day late and a dollar short” … hmmm..
May 20th, 2009 at 7:42 am
Be very careful: in the UK they are trying to sucker people into locked in bank accounts (can’t withdraw for a year or more) to get slightly higher interest rates. Anyone who does that has basically signed their own ‘bank holiday,’ as Gereled Celente says. It means you are screwed when inflation and higher interest rates tear away and you watch your savings locked in 2 percent go down the toilet, or you lose your job and can’t access your savings to pay your mortgage. Keep mobile, fexible and alert. Stuff is going to unfold this year that will make the previous two years look like girls school.
May 20th, 2009 at 9:32 am
Zombie pump ‘n’ dump
May 20th, 2009 at 9:45 am
one only has to watch late night tv to see the reality of this all. the elite know when it all comes down precious metals are going to be the only valuable thing left. havent you seen the commercials? “send us your old gold jewelry now for an instant check!!!” now these companies new “deal” is they are giving you 2 times as much as the jewelry is worth.but that deal ends on the 4th of july. i wonder if there is anything behind that date. why else would they be paying more than what the jewelry is worth? anyone who would like to talk more about this can hit my myspace. .www.myspace.com/xcoolerthanjesusx i trully believe that is the purpose of these companied buying up all the publics “old gold jewelry” when the shit hits the fan john q public wont have ANY “money” left….because they sold it all to these companies…
May 20th, 2009 at 10:06 am
Getting sick of this BS dem/repub false dichotomy….
its time for a REAL party based on the founders’ vision…
http://anti-federalist.org/platform.html
May 20th, 2009 at 10:25 am
Should I stop contributing to my 401k?
Dry Account Reply:
May 20th, 2009 at 11:24 am
HillJunkie,
I would say YES. I’ve quit saving the “Monopoly Money”.
May 20th, 2009 at 11:07 am
After 30 years of actually saving and investing my money, I was a millionaire. With VERY conservative investments, I am no longer a millionaire. My gratitude goes to all the liars in Washington DC and their phony, worthless, comrades. The 4% plan to not touch the capital won’t work anymore. Can’t live on 4% of what is left. Now I’ve got to work for the rest of my life thanks to those scum bags. My “American Dream” has been destroyed. My financial adviser said “it just slipped up on us”. That commission driven dog screwed me; must have not been a big enough account. And by the way, I’ve never made more than $60,000 a year anyway. All that sacrifice is down the tubes. Stop talking and writing about this crap and vote them all out. Then set up term limits on those boodle taking thieves. Oh, is it too late for that? There is no way out of this mess. I’m really ticked off.
May 20th, 2009 at 11:53 am
“How far to the bottom? How poor is most of the world? Billions live in shanties, eat once a day, have no medical care and no access to clean water. That’s how poor this country can get. That’s roughly the bottom. It can happen here. And it will only take years, not decades.”
Yes, and one of the main causes of this is that the THIRD WORLD has come to America…
THIRD WORLD PEOPLE = THIRD WORLD COUNTRY.
All part of the Jews’ long term plan to destroy EVERY white country on Earth…
Much easier to rule over a bunch of stupid third worlders, than a cohesive, happy WHITE population, isn’t it…
exe Reply:
May 23rd, 2009 at 4:21 pm
Simple-minded, garden variety racism. But as has been observed, we can all hang together, or hang seperately.
May 20th, 2009 at 4:56 pm
The dollar is looking weak again since Geithner was quoted publicly saying that hyperinflation would not happen in the U.S. – If you can find the time please take the U.S. dollar index poll at http://houseofexile.blogspot.com
May 20th, 2009 at 9:40 pm
Jim Rogers has been saying this for many many weeks……..and he always talks his book: asian stocks and commodities
it doesn’t matter what happens he likes what he owns
May 20th, 2009 at 11:17 pm
A guaranteed investment with lifetime return is a professionally built, radiant energy battery charger.
GOogle: RADIANT CHARGER
May 21st, 2009 at 12:23 am
He knows whats going on , debt, debt , the elite run this world, greed, evil, and well the dvil runs the world,
May 21st, 2009 at 2:05 pm
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May 30th, 2009 at 7:57 am
It is 1929, all over again! Methinks I smell a whole lot of suckers!!!