jim rogers on cnbc today....

Quote from Landis82:

It's a pretty simple question.

Especially when many people here on ET read post after post of his in the TRADING FORUM and yet he admittedly does not trade for a living.
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lots of people here trade part time and not for a living.

nice video. thanks for the post op.
 
Quote from Aaron Copland:

Good stuff, he makes alot of since. The fed is freaking out about the stock market. So many folks about to retire with money in the market. They need the markets to keep going up so these folks don't put a strain on the system thats my guess.

But they will do more harm then good in the end.
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Really now?
The FED is freaking out about the stock market? How do you know this?

The FED's actions wouldn't happen to have anything to do with avoiding a total meltdown of the U.S. commercial banking system, would it? Trying to avoid a Depression perhaps?

Naaaaaaaaa.
That wouldn't fit into your "PPT Conspiracy" theories.
:D
 
Jim Rogers is someone worth listening to. No BS. Just straight talk.

However, his idea of abolishing the Fed seems a bit radical.
 
Glad many of you enjoyed the post, glad I can add some extra info to this forum, seems that this video needed to be posted, heard it on cnbc listening to XM and had to find the entire piece.
 
right on!!

THIS GUY PRETTY MUCH NAILED IT!!






Quote from S2007S:

Federal Reserve Chairman Ben Bernanke should resign and the Fed should be abolished as a way to boost the falling dollar and speed up the recovery of the U.S. economy, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe Wednesday.


video in the article,

He says everything perfectly, agree with 100% of what he says,




He says it will cost you more to prevent a recession then to actually have one, he says recessions are good.....he says there will be a worse recession in the end trying to prevent it.



http://www.cnbc.com/id/23588079
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Rogers made those anchors look like idiots. Nice to see a real trader just say it like it is, unlike the anchors who probably have their execs breathing down their necks to keep all the people at home feeling safe and calm.
 
Quote from filter_sweep:

Rogers made those anchors look like idiots. Nice to see a real trader just say it like it is, unlike the anchors who probably have their execs breathing down their necks to keep all the people at home feeling safe and calm.
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Exactly, thats why I listen to him, he tells it how it is, he has been short banks well before this credit crisis came about, he knew the whole time and he knows now that the economy is in more trouble then they say it actually is.
 
Quote from Retired:

Jim Rogers is someone worth listening to. No BS. Just straight talk.

However, his idea of abolishing the Fed seems a bit radical.
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Yes it is radical. By definition, any major change to an entrenched system is radical. But what is wrong with radical solutions? All that matters is whether they will work, not whether they are conservative, radical, or somewhere in between.

Rogers was good as usual. It was hilarious to see him say "I would abolish and the Fed resign", and "Why should we bail out investment banks. So they can ride around in Maseratis? You don't see any 29 year old cotton farmers riding around in Maseratis, asking for bailouts". LOL
 
Rogers is usually right, sometimes early.

AFAIK the US Central Bank - the Fed - has been started and closed down several times in US history.

Closing the Fed isn't so radical.
 
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