SuperGenius Jimmy Rogers on the NEW bailout.

Quote from achilles28:


Which is why 8 Trillion (and counting...) was spent to shore up losses from mortgages that could have been bought for 2 Trillion.
More...

Not even 2 trillion. The total mortgages outstanding are no more than a trillion.

I would say 800 billion since, they wrote out 10x the derivatives on every mortgage. Also, consider that most of them are not in default. The derivative paper is worthless whether the mortgages are being paid on time or not.
 
Quote from achilles28:

Any Public figure that exposes the FED money scam for what it is, deserves a fucking Medal.
More...

He is not though. He is simply blaming two scapegoats instead of exposing that the system was DESIGNED to do this from inception.

He is a classic case of dis-info. I don't see him putting his riches to good use, such as supporting the movement for abolishing the Fed. And you never will. Cause he is full of sh*t.
 
Quote from achilles28:

Jim Rogers has made hundreds of millions - if not billions.

And for some internet nobody to call him a Piker?!? LOL

How much have you made? Were you short banks and financials when CNBC was calling for DOW 20k?!
More...

LOL

don't be so gullible. there is life beyond rogers worthless comments. no one will ever profit systematically from these calls, because, on average, only 50% are right... stop thinking about how much did he make as well. he made what he made and that didn't turn him into a genius. just a statistical outlier. his opinions are meant to recruit a legion of followers (typically social misfits and long time losers that need scape goats to justify their miseries), and to self-aggrandizement purposes. this is very important for him because he doesn't have anything else to do with his shattered life. so, provided that he makes many calls and many sensationalist claims, he is able to perpetuate his presence and get a sense of success that otherwise would never have.
 
Quote from Mecro:

Not even 2 trillion. The total mortgages outstanding are no more than a trillion.

I would say 800 billion since, they wrote out 10x the derivatives on every mortgage. Also, consider that most of them are not in default. The derivative paper is worthless whether the mortgages are being paid on time or not.
More...

That just underscores my point.

We're getting FUCKED - BIG TIME - by Wallstreet.

That is not hyperbole or exaggeration.

The Taxpayer is literally a real-time victim to the Largest Public Embezzlement Scam ever pulled.

And yet, useful idiots are still panicking, warning the Sky will fall and the Sun won't rise if we don't fork over another XX Trillion for Bankers.

About derivatives. They're not worthless, but more a liability than anything else. If mortgages go unpaid, and tranches default, then CDS gets paid out, losses mount etc etc.

The cheapest solution is to shore up mortgage debt that serves as the cornerstone to most derivatized mortgage debt, and by proxy, Corporate CDS.
 
Quote from achilles28:

"... About derivatives. They're not worthless, but more a liability than anything else. If mortgages go unpaid, and tranches default, then CDS gets paid out, losses mount etc etc.
More...

I think that's the BIG secret... They DON'T get paid out! That's because everybody is expecting to get paid by someone who can't pay because he can't get paid from somebody else.

Nobody set aside reserves to honor their obligations if called upon... they simply bought their own CDS to cover their liability.

I think this is what's behind all of these $Trillions in bailouts.... holders of CDSs are trying to shift the loss to the taxpayer... and there are some $50 Trillion of them around the world.

Of course, they won't tell us THAT! And perhaps the banks are blackmailing the Gummint, Treasury, Fed... saying, "Buy all of my crap paper or I won't start lending"... ??
 
Quote from achilles28:

The Banks need 8 TRILLION dollars, Joab!

They need our Money!!

Otherwise, we'll descend into 50 years of plague-like Hell where hoards locusts will feast on the sprawling Shanty-Towns that blight the Land!

The Carnage would simply be indescribable.

Citi, Merrill, JP Morgan. Bankrupt. Gone.

The Horror.
More...


Excuse me, but you don't have a clue what your talking about.

I've been trading for over 25 years and have studied the markets since the beginning of time.

Crashes and collapses are a necessary evil.

Without crashes and bankruptcies you don't have Capitalism you have socialism and if you think that is good then move up here to Canada for a few years and see for yourself how bad it SUCKS.
 
Quote from Mecro:

He is not though. He is simply blaming two scapegoats instead of exposing that the system was DESIGNED to do this from inception.

He is a classic case of dis-info. I don't see him putting his riches to good use, such as supporting the movement for abolishing the Fed. And you never will. Cause he is full of sh*t.
More...

There's a fine line between railing against the Establishment and exposing the New World Order.

While I agree, he is no White Knight. At least Ron Paul had the Nutz to expose the NWO.

Rogers is dancing around the periphery. Probably to protect his own ass under veiled or explicit threat. But its better than nothing!!

Listen, if 5 out 10 Big Money types used their bully pulpit to publicly call for an end of the FED, like Rogers, society would put Bernacke and Wallstreet under a huge microscope, which would ultimately lead to good things!

Every little bit helps.
 
While I was in favor of the original TARP and feel this last 800 billion out of a hat is getting out of control, I'm still not sure we would be better off with testing the limits of society by letting everything fail.
I think we easily forget how wealthy we are as a collective. A trillion dollars is alot of money but its still only 3k a head in the US if we set up a donation fund.
 
You must log in or register to reply here.
Back
Top