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Rogers: Global Bankers Have Unleashed Inflationary Holocaust
CNBC hosts unable to grasp basic economic principles
Paul Joseph Watson
Prison Planet
Friday, October 10, 2008
Legendary investor Jim Rogers warned during a CNBC interview this morning that global central banks are creating the environment for an inflationary holocaust by their ceaseless overprinting of currency, a measure that isn’t even successful in stabilizing the stock market.
Rogers said that the only solution to the market crisis was to let failing banks and speculators go bankrupt and stop pumping endless amounts of liquidity into the system, labeling it outrageous that responsible investors and taxpayers are being made to bail out crooks on Wall Street.
“The way to solve this problem is to let people go bankrupt,” Rogers stressed, “All of this pumping money into the system is not going to save it - see what the market is saying, it’s saying we don’t buy that, let people go bankrupt,” he added.
“Then you will hit bottom and then you start over. The people who are sound will take over the assets from the people who aren’t sound and we will start over. This is the way the world has worked for a few thousand years,” said Rogers.
(ARTICLE CONTINUES BELOW)
Rogers warned that the reliance on governments printing money would not aid a recovery and would only lead to the problem becoming worse in the future.
“We’re setting the stage for when we come out of this of a massive inflation holocaust,” he said.
Rogers said that excesses of credit and people becoming over-leveraged meant that they would now have to take some pain.
“Never before in world history were people able to buy houses with no money down, many people bought four or five houses with no money down and no job and then they did it with cars and student loans and credit card loans, you just think we say well that’s too bad we’re gonna start over nobody loses his job….be realistic,” said Rogers.
Rogers said that the G7 leaders, who are meeting this weekend, should “go down to the bar, have a beer and leave the rest of us alone, let the people who are sound succeed and let the other people fail.”
“What I’m afraid of is they’re gonna keep doing what they’ve been doing - which the market hates, you can see the market hates it - because this is going to unleash rampant inflation around the world, rampant confusion in the currency markets and you’re gonna have currencies gyrating all over the world,” said Rogers, repeating that the central bankers were unleashing an “inflationary holocaust”.
A CNBC expert then expressed his confusion at Rogers’ argument that overprinting of currency caused hyper inflation, seemingly displaying less grasp of basic economic cause and effect principles than a 5-year-old would.
Rogers again made the point, “When you print gigantic amounts of money and you flood the world with money, throughout history that has led to inflation.”
Watch the clip below.
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77 Responses to “Rogers: Global Bankers Have Unleashed Inflationary Holocaust”
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October 10th, 2008 at 5:12 am
Just like in 2004, the Democratic presidential and vice presidential candidates are not being truthful about the fake war on terror, a false flag attack of 9/11, the scam of the Federal Reserve Bank and the easily hackable electronic voting machines and central tabulators.
The reason is that the Democrats have been completely complicit in all of the criminal actions and war crimes committed by Bush. If they blow the whistle, then they will be implicated.
Guess who the biggest campaign contributor to George W. Bush is? MBNA, a big credit card company. MBNA wrote the legislation that radically changed the bankruptcy laws in the US.
Predatory lending, which used to be the province of criminal loan sharks, is now the norm in the lending industry in the US.
Today’s banking crisis is the THIRD trillion dollar plus US-caused financial meltdown in the last twenty years.
Each one of these crises came into being through the same basic mechanism…the fraudulent over-valuing of financial assets by Wall Street - with a “wink and a nod” (and sometimes a lot more) from the White House and Congress. The fraudulently valued assets stimulate the economy, impart the illusion of health and then, inevitably, the fraud goes too far and the whole house of card comes painfully crashing back to earth.
The White House stood in the way of any state prosecuting federal banks and mortgage companies for predatory lending. They actually used a portion of the enabling act creating the US Comptroller of the Currency to preempt the regulation and prosecution of these banks for fraudulent loan activities. This is why Eliot Spitzer was politically assassinated. He wrote an editorial in the Washington Post three weeks before his assassination accusing the White House of preventing any state Attorney General from prosecuting these criminal activities. Of course, the mainstream media did not report the actual reason that this politician’s sexual indiscretions were reported so immediately and excessively.
The mainstream media never reported on Bush planting in the White House press corps a gay escort, Johnny Gannon. Gannon based on the Secret Service records of visits to the White House visited the White House over 200 times and stayed overnight at least two times.
Go to my website, http://www.911insidejob.net and read many articles and watch videos on the well planned takedown of the US dollar by the Bush White House and the Federal Reserve Bank.
October 10th, 2008 at 5:19 am
i saw it live.
the english guy reminds me of george jefferson’s neighbor on that show the jefferson’s.
check out the clip at 1:45
http://www.youtube.com/watch?v=RPZc-TQQhNs
October 10th, 2008 at 5:50 am
“29 year old driving around in maseratis” haha
October 10th, 2008 at 5:57 am
The guy is a novice. How does he not understand deflation and debt implosion? The banks will NOT allow cheap money to buy up all these homes. The obvious fallout is deflation. the overexpansion of credit and the velocity of money is imploding. No amount of liquidity can withstand the contraction of credit and deflationary forces. The homes, SUV’s, etc…are all deflating in value. the whole leveraged buyout schemes that over inflating the “paper wealth” of people is imploding. No one has lost things. they are losing what those things are said to be worth paper wise.
and since paper wise they owe lots…they will lose lots. then…those with paper….cash….will at the bottom…cash in…
that’s IF the government hasn’t already printed “new” forms of certificates…..
inflation….give me a break.
October 10th, 2008 at 6:01 am
The Bankruptcy of The United States
United States Congressional Record, March 17, 1993
Vol. 33, page H-1303
The Speaker is Rep. James Traficant, Jr. (Ohio) addressing the House:
“Mr. Speaker, we are here now in chapter 11… Members of Congress are
official trustees presiding over the greatest reorganization of any
Bankrupt entity in
world history, the U.S. Government. We are setting forth hopefully, a
blueprint for our future. There are some who say it is a coroner’s
report that will lead to our demise.
It is an established fact that the United States Federal Government
has been dissolved by the Emergency Banking Act, March 9, 1933, 48
Stat. 1, Public Law 89-719; declared by President Roosevelt, being
bankrupt and insolvent. H.J.R. 192, 73rd Congressional session, June
5, 1933 - Joint Resolution To Suspend the Gold Standard and Abrogate
The Gold Clause dissolved the Sovereign Authority of the United
States and the official capacities of all United States Governmental
Offices, Officers, and Departments and is further evidence that the
United States Federal Government exists today in name only.
The receivers of the United States Bankruptcy are the International
Bankers, via the United Nations, the World Bank and the International
Monetary Fund. All United States Offices, Officials, and Departments
are now operating within a de facto status in name only under
Emergency War Powers. With the Constitutional Republican form of
Government now dissolved, the receivers of the Bankruptcy have
adopted a new form of government for the United States.
This new form of government is known as a Democracy, being an
established Socialist/Communist order under a new governor for
America. This act was instituted and established by transferring
and/or placing the Office of the Secretary of Treasury to that of the
Governor of the International Monetary Fund. Public Law 94-564, page
8, Section H.R. 13955 reads in part: “The U.S. Secretary of Treasury
receives no compensation for representing the United States?’
. . . Their lust is for power and control. Since the inception of
central banking, they have controlled the fates of nations.
. . . The Federal Reserve System is a sovereign power structure
separate and distinct from the federal United States government.
. . . Prior to 1913, most Americans owned clear, allodial title to
property, free and clear of any liens or mortgages until the Federal
Reserve Act (1913)
“hypothecated” all property within the federal United States to the
Board of Governors of the Federal Reserve, -in which the Trustees
(stockholders) held legal title. The U.S. citizen (tenant,
franchisee) was registered as a “beneficiary” of the trust via
his/her birth certificate. In 1933, the federal United States
hypothecated all of the present and future properties, assets and
labor of their “subjects,” the 14th Amendment U.S. citizen, to the
Federal Reserve System.
October 10th, 2008 at 6:02 am
I start with the premise that george bush is a good man .then I wonder why he is passing all these laws giving himself dictatorial powers .alqedas threat in 2002 was to destroy our economy next is going to be painfull i am going to the store today and buying as much potassium iodide as i can get my hands on
October 10th, 2008 at 6:03 am
In return, the Federal Reserve System agreed to extend the federal
United States corporation all the credit “money substitute” it
needed. Like any other debtor, the federal United States government
had to assign collateral and security to their creditors as a
condition of the loan. Since the federal United States didn’t have
any assets, they assigned the private property of their “economic
slaves”, the U.S. citizens as collateral against the unpayable
federal debt. They also pledged the unincorporated federal
territories, national parks forests, birth certificates, and
nonprofit organizations, as collateral against the federal debt. All
has already been transferred as payment to the international bankers.
Unwittingly, America has returned to its pre-American Revolution,
feudal roots whereby all land is held by a sovereign and the common
people had no rights to hold allodial title to property. Once again,
We the People are the tenants and sharecroppers renting our own
property from a Sovereign in the guise of the Federal Reserve Bank.
We the people have exchanged one master for another.
This has been going on for over eighty years without the “informed
knowledge” of the American people, without a voice protesting loud
enough. Now it’s easy to grasp why America is fundamentally bankrupt.
Why don’t more people own their properties outright?
Why are 90% of Americans mortgaged to the hilt and have little or no
assets after all debts and liabilities have been paid? Why does it
feel like you are working harder and harder and getting less and
less?
We are reaping what has been sown, and the results of our harvest is
a painful bankruptcy, and a foreclosure on American property,
precious liberties, and a way of life. Few of our elected
representatives in Washington, D.C. have dared to tell the truth. The
federal United States is bankrupt. Our children will inherit this
unpayable debt, and the tyranny to enforce paying it. America has
become completely bankrupt in world leadership, financial credit and
its reputation for courage, vision and human rights. This is an
undeclared economic war, bankruptcy, and economic slavery of the most
corrupt order! Wake up America! Take back your Country.”
October 10th, 2008 at 6:04 am
The banks need to be nationalized, and then you can burn all books about economics and close all economics university departments and sack all economists & bankers, because they all pump out rubbish.
October 10th, 2008 at 7:08 am
I think that any money printed up needs to be backed by someone’s labor. There are many “legitamate” government jobs where the people working them are payed approxamately the same as they would be in the private sector for the same days labor. Only allowing enough “new” money to be printed up in order to pay these workers, (and that applies to digital money as well I suppose), would essentially halt inflation and yet allow the ecconomy to grow. Right?
October 10th, 2008 at 7:15 am
The next step is MARTIAL LAW!
Be Prepared or be LEFT Behind!
http://www.thespectergroup.com/militarysales.htm
October 10th, 2008 at 7:23 am
We Hate each other for NO REASON at all
The War BETWEEN US all must fall
October 10th, 2008 at 7:25 am
This is how our World breaks Down….
This is how our World breaks Down…
Come To the Party the 700 BILLION Dollar Party…
Come to the Party
Come to the Party
Where the money comes from HEAVEN only knows
October 10th, 2008 at 7:27 am
Glamour Boys are always at the Party
Glamour Boys have it all figuired out…
Glamour Boys know that life is a GAMBLE…
Theres no need to worry another G will take his place…
October 10th, 2008 at 7:31 am
Talk right down to EARTH in a Language that everyone can easily UNDERSTAND….
jfk
October 10th, 2008 at 7:36 am
On June 4, 1963, a virtually unknown Presidential decree,
<Executive Order 11110,
was signed with the authority to basically strip the FEDeral Reserve Bank of its power to loan money to the United States Federal Government at INTEREST. With the stroke of a pen, President Kennedy declared that the privately owned Federal Reserve Bank would soon be out of business.
Bless the Worn, the Torn and the Tattered
October 10th, 2008 at 7:40 am
When President John Fitzgerald Kennedy - the author of Profiles in Courage -signed this Order (11110), it returned to the Federal Government, specifically the Treasury Department, the CONSTITUTIONAL power to create and issue currency -MONEY - without going through the privately owned Federal Reserve Bank (NO INTEREST).
October 10th, 2008 at 7:51 am
We Hate each other Because of CLASS IMPOSITION
“Is this the United States Congress or the board of directors of Goldman Sachs?” REP.Kucinich asked today. “Why aren’t we helping homeowners directly with their debt burden? Why aren’t we helping American families faced with bankruptcy. Why aren’t we reducing debt for Main Street instead of Wall Street? Isn’t it time for fundamental change in our debt-based monetary system, so we can free ourselves from the manipulation of the Federal Reserve and the banks?”
October 10th, 2008 at 7:57 am
“None of this has been subject to a critical analysis,” charged Rep. Kucinich. “We haven’t had access to the books to the people who are claiming they are going broke.”
“They rushed this Congress into the Iraq resolution and look what happened,” he added, comparing the rushed tone behind the bailout effort with the push to invade Iraq, “Catastrophe for this nation as well as for the people of Iraq.”
“The $700 billion bailout for Wall Street is driven by fear, not fact,” Kucinich said
October 10th, 2008 at 8:01 am
Congress has the power at any time to strip the Fed of it’s power and wipe the debt clean. But, the people who the debt is owed to, are the most powerful people in the world. What congressman is going to even think to try to step up to them? Look what happened to Paul Wellstone or even JFK! These people have no morals, and they have all the money in the world, how can that be stopped? A blank check and a will to use it to do whatever they want, hell even an idiot could accomplish what they are with an unlimited money supply.
Hopefully people wake up, stop taking bribes, and start becoming a hero for the American People. I’m not a christian, so I hate using Jesus as an example, but he threw the money changers out of the temple, and wasn’t afraid of the consequences. We need to stop being afraid for ourselves and really sacrifice for the whole, if not for our own children.
October 10th, 2008 at 8:11 am
Brother can you spare 35 Billion. I need a new Mega Yacht. 150 feet just doesn’t
cut it anymore.
October 10th, 2008 at 8:12 am
“Likewise Eternal is a person’s SPIRIT, which is a tiny fragment of Creation spirit, for how could Creation itself EVER cease to be?”
October 10th, 2008 at 8:14 am
jim rogers is the only one that will tell us the truth, it’s just really scary being so informed but I thank alex jones for speaking the truth, because truth is the authority. Thank you for keeping us informed and the excellent work that you guys at infowars and prisonplanet do every single day. Sometimes I wish the stuff I read on ur sites is not true but the developing facts prove me wrong. Keep up the great work and Never Give Up
October 10th, 2008 at 8:15 am
“Congress has the power at any time to strip the Fed of it’s power and wipe the debt clean”
Exactly. The Fed created the money out of thin air and the debt can just as easily be returned to the same place the money came from. They illegally charged interest on the money they created, and have no legal claim to said interest in the first place.
October 10th, 2008 at 8:20 am
1 And then Michael, Uriel, Raphael, and Gabriel looked down from Heaven and saw much Blood being
2 shed upon the Earth, and all lawlessness being wrought upon the earth. And they said one to another: ‘The earth made without inhabitant cries the voice of their cryingst up to the gates of Heaven.
October 10th, 2008 at 8:26 am
Mat 10:34
43″Do not think that I have come to bring peace on Earth. 44Truly, I have not come to bring peace, but the sword of knowledge about the Power of the spirit, which dwells within the human being.”
October 10th, 2008 at 8:32 am
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
–The Cornbread Mafia
http://www.youtube.com/watch?v=uw5dP5gy2Vs
October 10th, 2008 at 8:45 am
Berlusconi Says Leaders May Close World’s Markets (Update1)
http://www.bloomberg.com/apps/.....ji61ds2P1c
October 10th, 2008 at 8:46 am
45″For I have come to bring wisdom and knowledge and to provoke son against father, daughter against mother, daughter-in-law against mother-in-law, servant against master, citizen against government and Believer against preacher and priest. 46The people’s Enemies will be their own housemates.”
October 10th, 2008 at 8:50 am
WHAT WE HAVE TO UNDERSTAND IS THIS WILL CONTINUE UNTIL THERE IS A COMPLETE BREAK DOWN OF THE PAPER CURRENCY UNTIL THE MASS OF THE PEOPLE, NOT ONLY CARE FOR THE CASH OR GOLD OF ANY SOURCE OF OUTER CURRENCY BESIDES THAT OF THE INTERNAL PLANTED CHIP, THAT WE WILL HOLD NOT ONLY CLOSER TO OUR HEARTS THAN THE CONSTITUTION BUT ALSO HIGHER THAN THE TRUTHS OF WHAT IT STANDS FOR…..!
October 10th, 2008 at 8:51 am
3″Blessed are those who are rich in spirit and recognize the truth, for life is theirs.”
October 10th, 2008 at 9:02 am
Excellent post, Cheesemind. I think part of the problem is that nowadays, the temple is one built by the moneychangers and those in it are in their employ. It’s a tougher road to hoe, but if we can somehow manage to clean house, perhaps there is a chance. With all the election fraud and controls, that too will clearly be difficult. If the Internet gets shut down and Internet 2 is brought in, the organization efforts of true patriots like us will take a huge hit. Time is short.
October 10th, 2008 at 9:07 am
How much of America’s wealth has been transferred to the wall street elite and the military-industrial complex in the past eight years?
The nation is being stolen from us not with guns, but with financial schemes.
I think this $850 billion bailout is just a ploy to try to keep the people calm. So, when we hear about this global meltdown happening this week, we can reflect on the bailout and feel confident that things will be okay. This problem is being ochestrated by some really immoral folks. And although $850 billion seems like it should really help, it probably comes nowhere close. This whole bailout event may just be a masquerade to prevent a real run on the banks.
I am sick of seeing President Bush come out and use his fake southern accent & talk about this issue. He is a thief, and he is allowing and promoting the pillaging of our nation treasury.
The average people of this country are not asserting their right of control. I don’t think voting will be the key for change anymore. Both parties are corrupt, so even if a new people where elected they would have to have money & therefore still be beholden to the elite.
Change will come when people get sick of crumby government. Maybe now that the quasi-rich see their 401k’s shrink it might start.
October 10th, 2008 at 9:16 am
The inflation part is what scares me, and it’s coming soon. That’s the perfect pretext for a world currency, but not until after we’ve spent everything we have on rice and beans.
October 10th, 2008 at 9:19 am
http://ca.youtube.com/watch?v=3rrWRNJ2lOs
October 10th, 2008 at 9:40 am
Why are they printing money ? Because no one is spending, and nothing is circulating.
Have you cut your own consumption? I have, and as more people see their retirement accounts blow away, more will reduce consumption. Inflation only comes with increased demand and related higher prices. With radically reduced demand, stores will drop prices to encourage sales, and deflation will set in. No jobs, no sales, reduced prices, then bankruptcy for all but the bar owners.
Less sales means lots of small businesses get killed. More people out of work, store leases ended, and a cycle of less money circulating. General recession and maybe depression.
This will lead to deflation, not inflation. That’s what happened in the 30’s.
The stock market is a separate issue, although it reflects that people would rather bail with a huge loss in order to conserve what assets they have left. When many move to cash, and keep it out of the system, the only way to grease the credit skids is to print money and pump it in.
Now is when Bush should be touting confidence and encouraging people to spend.
October 10th, 2008 at 10:35 am
Please pass this alon Subject: How Long
1. HOW LONG DO WE HAVE?
This is the most interesting thing I’ve read in a long time. The sad thing about it, you can see it coming.
I have always heard about this democracy countdown. It is interesting to see it in print. God help us, not that we deserve it.
How Long Do We Have?
About the time our original thirteen states adopted their new constitution in 1787, Alexander Tyler, a Scottish history professor at the University of Edinburgh , had this to say about the fall of the Athenian Republic some 2,000 years earlier:
“A democracy is always temporary in nature; it simply cannot exist as a permanent form of government.”
“A democracy will continue to exist up until the time that voters discover they can vote themselves generous gifts from the public treasury.”
“From that moment on, the majority always vote for the candidates who promise the most benefits from the public treasury, with the result that every democracy will finally collapse due to loose fiscal policy, which is always followed by a dictatorship.”
“The average age of the world’s greatest civilizations from the beginning >of history, has been about 200 years”
“During those 200 years, those nations always progressed through the following sequence:
1. from bondage to spiritual faith;
2. from spiritual faith to great courage;
3. from courage to liberty;
4. from liberty to abundance;
5. from abundance to complacency;
6. from complacency to apathy;
7. from apathy to dependence;
8. From dependence back into bondage”
Professor Joseph Olson of Hemline University School of Law, St. Paul, Minnesota , points out some interesting facts concerning the 2000 Presidential election:
Number of States won by:
Gore: 19
Bush: 29
Square miles of land won by:
Gore: 580,000
Bush: 2,427,000
Population of counties won by:
Gore: 127 million
Bush: 143 million
Murder rate per 100,000 residents in counties won by:
Gore: 13.2
Bush: 2.1
Professor Olson adds: “In aggregate, the map of the territory Bush won was mostly the land owned by the taxpaying citizens of this great country. Gore’s territory mostly encompassed those citizens living in government-owned tenements and living off various forms of government welfare…” Olson believes the United State S is now somewhere between the
“complacency and apathy” phase of Professor Tyler’s definition of >democracy, with some forty percent of the nation’s population already having reached the “governmental dependency” phase.
If Congress grants amnesty and citizenship to twenty million criminal invaders called illegal’s and they vote, then we can say goodbye to the USA in fewer than five years.
If you are in favor of this then delete this message. If you are not then pass this along to help everyone realize just how much is at stake, knowing that apathy is the greatest danger to our freedom. Thanks for reading.
g to all of your friends !
October 10th, 2008 at 10:37 am
“I love the smell of napalm in the morning!” The stinking rotten corpses are starting to pile up and I would suggest to get out of town while there is still a chance.
October 10th, 2008 at 10:51 am
Spot on `AL DELIVER R`US` (INTERNAL PLANTED CHIP)
That`s where I see it leading to.
CASHLESS SOCIETY
http://www.stepstowardthemark.com/id18.html
Read the warning - then scroll down for the latest news.
Even if all you folks are not Christians - I would dearly urge you to PLEASE read the warnings. This WILL happen.
If you still dont wish to view it from a Christian perspective - then at least consider the `invasion of privacy` issues and how Gomnt WILL be able to TRACK your every move… your every purchase.
October 10th, 2008 at 10:52 am
Hey Tom,
I am not an economist but if we are printing heaps and heaps of money can’t that lead to inflation even if there is a decrease in demand?
October 10th, 2008 at 10:55 am
Now we see a New World Order coming into focus…King Bush said back in the days of old…fast foward…the NWO is here to stay…Prince Bush made sure of that…of course the next step is a global monetary system with implantable chips and that whole charade…those that have ears let them hear the voice of the spirtie…be quiet and listen…and He will lead to the path less traveled…the masses will be deceived…but the elect will endure…listen to the truth…He will come to slay those that bow down to the beast…with a flaming sword He will righteously judge…make sure you are found in the book of life…
October 10th, 2008 at 10:59 am
Why don’t they just come out and stamp all of us their damn Barcode right away and let’s get this armagedon shit over with already, i can’t stand this continuous monthly, crist daily, build up of tensions and chaos in all directions! Let’s go guys do your WW3 already, and you Mr. Jesus, get your saintly ass down here and clean up the mess already will you! Damn gods, can’t count on anybody these days.
ignorance is bliss
**watch zeitgeist and its follow up addendum, google it**
October 10th, 2008 at 11:03 am
Zionist scum from Wall Street
responsible for this
October 10th, 2008 at 11:08 am
Flooding the markets with money does not lead to inflation. It IS inflation. Look up the definition of inflation.
October 10th, 2008 at 11:32 am
El Fraudo, Would you like that in 08 or 09 bills? Unmarked? 10’s and 20’s ok?
High Cue, Be careful that you don’t treat God like a dog while you are alive. Otherwise, He will treat you like a dog when your life is at an end.
October 10th, 2008 at 12:17 pm
High Cue dont believe everything you see, Also Zeitgeist had some good points but you should take a look into whatever religion you are if you are one. And look up the History you will find you eveidence there, Zeitgeist is going to lead you astray from the Creator. I hope you find what you are looking for!
October 10th, 2008 at 12:39 pm
Fuck JIm Rogers.
He’s already moving to Asia. He doesnt give a shit about this country or anyone but himself.
He’s a super elite. Why would anyone listen to work he says? Oh, because he talks like a hillbilly.
October 10th, 2008 at 12:43 pm
LOCK and LOAD…this is it!
October 10th, 2008 at 12:45 pm
LOL @ “flooding the market with money leads to inflation”…
My 6 year old says… “Duh”.
October 10th, 2008 at 1:01 pm
I TOTALLY AGREE WITH JIM ROGERS $1 b % ITS THE ONLY WAY TO ALLOW THE WORLD TO ESCAPE THIS VIRUS ,WHICH I THINK I’D CALL IT …
THE SYSTEM HAS TO BE LET RUN ITS SELF OUT WITHOUT ANY IINTERVENTION FROM THE FEDERAL RESERVE BANKS AROUND THE WORLD BECAUSE THEIR JUST ADDING FUEL TO THE FIRE ..WE ALL KNOW WHY HERE AT PRISON PLANET.COM BUT FOR THOSE WHO DONT …
JIMS RIGHT IN SAYING THE G 7 SHOULD JUST GO HAVE A QUIET BEER AND FORGET IT ..LET THE WEAK COMPNAIES FOLD AND ALLOW THE STRONGER ONES TO SURVIVE AND BY THIS THEY WILL LEARN THEY CANT JUST KEEP ON MAKING MISTAKES AND THE GOVERNMENTS TOP EM UP WITH FAKE MONEY..DAMN I’M THINKING ABOUT FINDING ALL MY OLD MONOPOLY MONEY CAUSE I THINK ITS GOT MORE VALUE IN IT THEN OUR CURRENCIES…
AND YEP ,PAUL ,,YOU ARE SOOO RIGHT ,,THE MEDIA HAVE “NO IDEA” WHAT JIM WAS TALKING ABOUT AND NOR DO THEY UNDESTAND WHATS REALLY GOING ON ..THEIR JUST SHEEPLES LIKE THE REST OF THEM WHO DONT HAVE TO THINK …
October 10th, 2008 at 1:06 pm
Let the bad investors and criminal con artists go bust? No way! If the politicians don’t look after their cronies, how will the poor souls get their high paying jobs and board memberships after they leave office?
What a joke!
Sorry, I don’t even feel bad for the sheep that have been dumping money into 401k’s. Almost without exception, when I’ve told people to get their money the hell out of their 401k, they look at me with the blank non-comprehension of one who spends their evening watching nightly news and sitcoms.
I’m finding it hard to find sorry for those that continue to fail to identify the enemy.
If you lost money in the stock market, if you run out to vote on Election Day, if you absorb the mainstream news at face value, if you send your children to the public schools that are provided for you, I cannot feel bad for you. Your complicity with your slave-masters is selling us all down the river. Please start being an analytical person, not a beast in a herd.
It’s time to take control of our societies back.
Don’t fight the system:
Replace it
http://www.youtube.com/watch?v=73×8uOXQjag
October 10th, 2008 at 2:25 pm
help us god.
October 10th, 2008 at 4:55 pm
We need to keep printing money like there is no tomorrow. How else could we destroy the dollar so we can bring in the Amero! The world bankers sure are smart. They even know how to get us to go to war for ever. I wonder how long it will take to get all us Sheeple to accept having a RFID chips so we can buy food and gas?
October 10th, 2008 at 5:53 pm
IT’S THE FIRST STEP TO IMPOSE A GLOBAL FINANCIAL DICTATORSHIP.
October 10th, 2008 at 6:39 pm
Cheap money was the culprit of this financial crisis. Now we are using cheap money again to rescue this crisis??? Jim Rogers was absolutely correct, it is gonna paiful, but it is the only way to the bottom of it.
October 10th, 2008 at 7:44 pm
i am laughing all the way to the bank
you get what you elect
you reap what you sow
a financial plaque upon you all
we laugh, we dance, we reoice
bye bye american evil empire
the end is near, repent or die
moder day babylon burns
we warm ourselves by the fire of america’s demise
land of 30 million partial birth abortions per year
you kill your unborn children
you are all money worshipers
you remove prayer from school
you are a consumer society
the only job left in america is unloading the shipping containers from china
a country of slothfull people
you make your forefathers cry
false war of iraq, millions of iraqi civilians killed by US forces
false war in afgha, US forces protectors of the heroin trade
Robert Hillman Reply:
January 28th, 2009 at 4:32 pm
Amen Amen Amen
the liars call themselves christians
THEY ARE like the assholes in the movie the kingdom of heaven
but the great line in the movie IS NOT THIS KING and NOT CHRIST
they followed their own lies and rules
BUT THEY ARE NOT CHRISTIANS
they are RULE BREAKING MURDERERS AND LIARS
October 10th, 2008 at 8:32 pm
Thank God for men like Jim Rogers! Everything he has said in the past has happened. His books are great. He’s not someone who sits behind a desk making consclusions. He’s traveled the world on the ground twice: once, by motorcycle! He knows how the real world works and how politicians and bankers are the real enemies of a free market.
October 10th, 2008 at 10:38 pm
#7 I hope you been taking that for a few months. As far as Jim Rogers going to Asia thanks for taking my IDEA. Well, I might be going soon since I have friends there. If the market goes below 5000. I am gone but I am prepared to be stuck here. I will fight to the end of the earth.
October 10th, 2008 at 10:48 pm
This is where the Amero will take over after the financial crash!
October 10th, 2008 at 11:19 pm
Just wait and see how DOWNJONES mirrors the USA state of mind. There is already a poverty equal to that of ‘underdevelopped’ countries. There is still arrogance and the feeling that financial engineers will rescue all of us. The believe that society is an engineering problem reflects the doctrine of the nowadays capitalisme. Many are ‘doctrined’ in the same way communists did and CEO’s are just like the pundits of communisme: a self chosen ‘outskirt from society’.
October 11th, 2008 at 12:36 am
Curiously, I still don’t see any panic on mainstreet. I think most people are detached from reality. My wife and kids hate me for not joining in the party and drinking the debt kool-aid, but it doesn’t make sense to me and it never has. There are still expensive homes being built around me and shopping centers everywhere. What in the world is going on?
October 11th, 2008 at 1:32 am
Would it have made a difference to liquidity if the money the mortgage brokers received on the sub primes had stayed in their US bank accounts instead of being placed in secret o/seas accounts, as that would explain the absence of liquidity ?
Because if this was part of a planned series of stressful events leading to the imposition of the NAU - using the crisis-reaction-solution model of forced social engineeering, then draining of liquidity in this manner is deflationary and allows for replacement printing of the currency w/out inflation.
At a later time when the Amero is introduced, currency conversion can take place w/out any inflation since these v/rich brokers - thousands of them - don’t need to spend more than they normally do anyway. It just stays in their o/seas accounts.
This is why when the $850Bn measure goes to banks and like institutions and not to the mortgage distressed there is no inflationary effect because the former do not spend it but the latter would. If you like, this is a recompense to the banks/institutions for their having indulged the mortgage brokers.
It’s the two wolves and a sheep paradigm of democratically deciding what to have for breakfast.
Conclusion: the banker $850Bn bailout is a real non inflationary wealth transfer mechanism to the already obscenely rich - the biggest, most daring daylight heist in US history. And this is only an instalment of more of the same in the future.
October 11th, 2008 at 5:29 am
A three step process. ONE: Third most expensive war in UTI (United Tits for Israel, formerly USA) history. TWO: Stupid economic policy of Bush/Greenspan ie easy credit to ‘boost’ an economy sagging because of war debt. THREE: Illegal immigration used to build debt financed real estate. 20 million, and counting. Less jobs and income for Real American workers. Add them up One+Two+Three= The Perfect Storm AND Martial Law.
October 11th, 2008 at 6:41 am
Ok, 2000 we switched to Housing from tech, will we go back to tech now? ohhh, thats right its energy!! do you guys see the same way as I do?
October 11th, 2008 at 6:50 am
I think Rogers is right about hyperinflation. The only way to protect agains that is by having precious metals. Currencies will all be going under because they’re all printing money like crazy, although some like the Swiss Franc might do better.
October 11th, 2008 at 10:06 am
Iceland is about to be taken over by: International Monetary Fund (IMF) !
Iceland has been one of the richest country in the world (population 300.000), our 3 largest banks totally collapsed in the last few weeks, for our biggest bank Kaupthing, Gordon brown used Terroris law in UK to freeze business 2 days after our goverment gave this bank a loan…. Gordon brown made some very agressive comments about Iceland…and Icelandic companies are having huge problems around the world because of GORDONS BROWN actions…What do you think about this..iceland first country to totally collapse of many to come?????
Students from Iceland around the world can’t get money, we have 4 different rates for our currency…EU is offering to take us into EU quickly…USA didn’t want to help us…Russia is offering to help us! Iceland is in NATO…
We are looking at TOTAL collapse of our economy, almost all business going out of business, all our banks, our currency is over….nobody wants our currency…imported food supplies will probably stop…oil might run out…
What do you guys think will happen when IMF takes over our country??
October 11th, 2008 at 10:35 am
When the IMF takes over you wind up going from a developed nation to a developing one. That’s what happened in Africa when the IMF took over them all. Harness iceland’s unique geothermal energy and use that to fund your economy. The world needs energy badly. You could export to China and Russia. Sell it to the US so the US can give you a big IOU note and you’ve got great leverage.
October 11th, 2008 at 11:05 am
ARREST ARE COMING TO THE CRIMINAL CABAL(((SOON)))
The ((((Uniform Code of Military Justice)))) has provisions for this and Must be addressed; to do less is the purest form of sadistic “TREASON”.
This is what men of courage must face and confront A.S.A.P. before it is to late. You see, just like all criminals, if they think that the jig is up then they will start getting dangerous and that is now what’s starting to happen ! May God guide your actions….OUT of THUNDER”>ALPHA<
October 11th, 2008 at 1:56 pm
The problem is that the average American still does not understand the full ramifications of what our so-called “elected” officials have planned and are doing to usher in the New World Order. This latest stock market collapse is obviously allowed to happen just like 911 was ALLOWED to happen, just another typical false flag operation of problem, reaction, solution to move the sheeple along. What true humanitarians need to do is to continue EDUCATING others as has been happening more and more with each passing day…its not enough that we recognize some of the signs occuring around us, our numbers need to reach critical mass, and we are close to that, and then maintain focus and pressure where needed. Our government asked us not to forget 911 whereby all these changes that have happened since 911 has transpired very quickly; therefore, let us do that, never forget 911 and hold those who were responsible for 911 accountable! Oh, and as a footnote, the Federal Reserve is a private banking cartel that is not federal and has questionable reserves at best that prints money based on nothing much like monopoly money and then charges interest on that created out of thin air fiat money to the USA–the IRS was created to assist collecting on “some” of the assests owed to the crooked Federal Reserve. We need to educate others about this as well! PEACE!
October 12th, 2008 at 6:43 am
Go on google video and do a search for “zeitgeist appendex full”. It’ll tell you the whole story about the monetary scam. The fact that all of US’s printed money only accounts for 3% of our money, the rest is made up by the treasury and bankers (out of thin air and at any time they want). The fact that we were all slaves to inflation long before this. Economic hitmen, who destroy developing 3rd world countries, so their assets can be sold off.
October 12th, 2008 at 8:12 am
I dont think Rogers is legendary at all hes just an economist that thinks entirely within the current system, he never address the route cause being the currency which is printed out of nothing by a private group who charge interest putting the whole world in debt to them, he never address currency not being backed by the goods of economy.
Instead he talks about polishing up the policy’s within the current framework, letting institutions and banks fail flushing out bad debt whilst the whole time blaming the general public for “spending beyond their means” people shouldnt have took out these Mortgages are hes main reason for this problem. Does he not realize that the people had to take out these mortgages because the financial position of people was such that they had no choice, if paying for basics in life such property food and travel = living beyond your means by Rogers standard then can he not conclude that there is something else wrong which is more core to the issue? instead hes trys to polish the surface and never address the core.
October 13th, 2008 at 12:13 pm
You know i got into this subject that we might call conspiracy theorem (I wish i could think of a better more appropriate name for it) because i was looking for answers. Political process; the more i understood it the less sense it made to me along with most of what our apparent world leaders do and say and most of what i see on the news.
I found people like David Ike and Alex Jones and More recently Allan Watt not to mention the late Bill Cooper, may he rest in peace. And the pieces began to fall into place things that before had made no sense to me at all suddenly, when the agenda was explained became crystal clear.
The false flag ops, 9/11, the banking system, Bilderbergers, Club of Rome etc.
When i first watched Zeitgeist it blew my mind, it was to me a concise and concentrated version of many of the books and articles I’ve read by most of the above mentioned. Then recently i watched Zeitgeist Addendum and the first part was interesting, covering the banking system and the con that is money as we know it and then it got into very dark territory for me - The Venus Project. For those who’ve seen it can you imagine the level of state manipulation and mass slaughter that would have to take place on this planet in order to bring about such a world? Of course it will be for the greater good of mankind - BRAVE NEW WORLD. Not for me thank you (doubt I’ll be invited anyway, it’s the gas chamber for me. Oh, and you did i forget to mention that)
Be always vigilant and awake that your cause is not usurped by THEM. The cell door is closing and yes we’ve got time . . . . .just, but not much more time to waste talking.
October 14th, 2008 at 7:39 am
zadocthepriest I know exactly what you mean HUMM conspiracy theories that does sound kind of nutty. But I am totally convinced the Nuts are the smart ones. All you have to do is to read history, have an open mind and it all falls inline. The NEW World Order is REAL, they want to kill us, own us and enslave us! Imagine how I felt once I got this revelation. LOL this Conservative, christian,flag waving republican, country girl that I am! People think the Federal Reserve is a good thing, they think that the Patriot Act is a good thing, they think that the war in Iraq is a good thing, they think the IRS is a good thing, they think that the RFID chip is a good thing, they think bail outs are a good thing,actually it sounds to me like they actually WANT to be enslaved. HUMMM now who is the nut? Democrats and Republicans are clueless. This things goes beyond party lines. It is OLD, WISE and Patient and is hell bent on domination.
October 15th, 2008 at 9:44 pm
First of all, no matter what, DO NOT PANIC! We need to get mad, not panic. We are on our own now, so we need to take care of each other. I don’t have the answer but I’m open to suggestions. I am going to vote for Ron Paul for one thing.
October 17th, 2008 at 2:12 pm
“They want a fascist planet with the superwealthy ruling it all
Since we’re too independent, America must be led to fall
When our credit’s been exhausted to subdue the Middle East,
They’ll install our debtor nation in the body of The Beast
Traitor…Dare call it treason”
—The Cornbread Mafia
http://www.youtube.com/watch?v=uw5dP5gy2Vs
January 28th, 2009 at 4:29 pm
I have been telling people for ten years
america and canada will be heading for the worst depression ever
in world history
NO ONE would listen
see I am a stupid lazy singledad that raised four children alone
for fourteen years
I dont know anything
well I think that peter shiff gerald celente Jim rogers
and others KNOW what they are talking about
Inflation will hit the roof
money will be worth nothing
and riots will be in the streets of america by june
wake up to the new world order the illuminati scum liars
and the One world government and cashless society
soon the world will welcome the Antichrist and the mark of the beast system
and the world will love it
Robert Hillman
single
fourty two
raised four children alone for fourteen years
I TOLD YOU IT WAS COMING I TOLD YOU
March 15th, 2009 at 10:37 pm
Can you provide more information on this?