Trillions of dollars of debts will be restructured and millions of financially prudent savers will lose large percentages of their real purchasing power at exactly the wrong time in their lives. Again, the world will not end, but the social fabric of the profligate nations will be stretched and in some cases torn. Read the rest of this entry »
(RussiaToday) – The Nobel academy’s decided that 2012′s best example of delivering peace and harmony is – the EU! Its prize is a million euros – money it can certainly do with right now. But it’ll be tough to swallow for the hundreds of thousands of Europeans who’ve been angrily and violently protesting for years against governments forcing harsh cuts and tougher living conditions on them. For more, RT talks to international investor James Rogers, author of ‘A Gift To My Children’. Read the rest of this entry »
(PaulWatson) – Despite the fact that the TSA attracts more bad publicity than any other federal agency in existence for its routine harassment of the traveling public and its penchant for hiring criminals, Congressman Mike Rogers has called for the TSA to get even “tougher” in the name of preventing the next terrorist attack. Read the rest of this entry »
Record surge in bond yields as Italian debt crisis passes point of no return
(PaulWatson) – Veteran investor Jim Rogers warned this morning that there is a “100% chance” the world is facing a financial crisis worse than 2008, as Italy was plunged into chaos on the back of soaring bond yields which now make the country’s huge debt unsustainable, mandating yet another EU bailout. Read the rest of this entry »
(BLN) – The entire debt ceiling debate that is being covered religiously by the corporate controlled media is nothing more than a fraud surrounded by false ideologies on both sides of the phony political spectrum. This problem is very simple to solve and it defies logic that not one single person in the corporate controlled media or in government appears willing to discuss a legitimate solution. Instead, the politicans and the corporate controlled media propagandists prefer to offer fake solutions that keep the current debt based monetary system in place. Read the rest of this entry »
(RogueGovernment) – The number of alleged cyber attacks on high profile government, military and corporate entities is getting increasingly out of control. Although we could question if some of these so-called cyber attacks are real or fake all day long, what we do know is that these claims are being used to justify an increasing amount of authoritarian control over the Internet. It is starting to appear as if the stage is being set for some sort of manufactured technological related event that will give the establishment the perfect excuse to implement their desired controls. Read the rest of this entry »
(CNBC) – More social and political turmoil is likely in the future so commodities prices will continue rising, renowned investor Jim Rogers, CEO of Rogers Holdings, told CNBC. Read the rest of this entry »
(RussiaToday) – As Washington prepares to roll out the red carpet for Chinese President Hu Jintao’s state visit, the stakes could not be higher but what will come out of these discussions? Investor and Author Jim Rogers says very little will come from the meetings, maybe China opens its currency a bit more and the US will get rid of some debt but not much else. Read the rest of this entry »
(Fox) – Whenever you print money, people look for a refuge, gold,” says Rogers. He points out that government will blame its mistakes on the press and the people rather than itself.
The investor predicts gold will end in a bubble someday, when everyone is buying. He would rather buy silver than gold now, but owns both. Read the rest of this entry »
(MSNBC) – During an August 3, 2010 Interview on MSNBC by Cenk Uygur (host of The Young Turks, and MSNBC contributor) Republican Congressman Mike Rogers, member of Select Intelligence Committee and former FBI special agent called for the Capital Punishment for Private Manning for the crime of treason and also said that we should have executed Daniel Ellsberg the leaker of the Pentagon Papers. – Read the rest of this entry »
(RussiaToday) – This time, Max Keiser and co-host Stacy Herbert look at the scandals of real time fraud as quoted on the ticker tape; the more ‘perfect quarters’ and even more ‘missing records’ as the US government hands out tens of billions to TARP banks. In the second half of the show, Max interviews legendary investor Jim Rogers about the euro, naked short selling, and gold. Read the rest of this entry »
(HuffingtonPost) – Dodd Bill Would Allow Fed To Hide Its Spending – Read More Here
(JakartaGlobe) – Goldman probe a smokescreen to divert attention from financial crisis
A top Asian fund manager said on Wednesday the civil fraud allegations against massive Wall Street bank Goldman Sachs was a smokescreen to divert attention from the financial crisis in the United States. Read More Here
(USAWatchdog) – Failure Is the Only Reform We Need – Read More Here
(PubliusForum) – $338.3 Billion Paid to Service America’s Illegal Aliens
My friend Gary Karlin over at the Evanston Conservative blog has spent the last year or so collecting a series of stories detailing the costs of illegal aliens to the United States. Read More Here
(CNN) – Report: SEC staffers watched porn as economy crashed – Read More Here
(HoweStreet) – Hyperinflation Looms – The Dollar Arrives at Its ‘Havenstein Moment’
There is an interesting article in Canada’s Globe & Mail about the lack of growth in the US money supply. Ignoring for the moment that the quantity of dollars in circulation is significantly underreported, it observes:
“The money supply in the United States is doing something that almost never happens: it’s shrinking, after taking into account inflation. Similar episodes in the past have usually been scary times for investors. Declines in the amount of money in circulation have coincided with recessions, and some analysts looking at the current trend say it is a harbinger of trouble. Despite signs that the U.S. is in recovery, they worry that the money supply numbers indicate the economy remains vulnerable to the feared double-dip downturn, or is close to experiencing deflation.” Read More Here
(CNBC) – Governments Will ‘Bankrupt Us’: Marc Faber
Current economic policies are not sustainable and the world faces doom because “the governments are taking over”, said Marc Faber, editor & publisher of The Gloom, Boom & Doom Report. Read More Here
(FauxCapitalist) – The CIA overstates Canada’s government spending by more than 200% – Read More Here
(GoldenTruth) – Russia and China Are Selling Treasuries and Buying Gold…
Fred Hickey of the High Tech Strategist newsletter fame gave a brutally honest interview with The Wall Street Cheat Sheet about the financial/economic condition of the United States and how China and Russia, two of the largest financiers of our Government, are protecting themselves from the reckless policies of Obama and Bernanke. Here’s is a quote: Read More Here
(HuffingtonPost) – LA Court System In Financial Crisis, Closing Court Rooms
An unprecedented financial crisis afflicting the nation’s largest court system is in the hands of the policy making California Judicial Council, with Los Angeles court officials awaiting its decision on their plea for an infusion of cash. Read More Here
(ZeroHedge) – Alan Grayson Discloses That Dodd Bill Covertly Eliminates Already Passed Legislation Requiring Full Fed Audit
Once again we get confirmation that Chris Dodd is nothing but a paid manservant for his Federal Reserve masters, in addition to being a lame duck, whose last days in office are meant to do everything to allow the old-school Wall Street ways of endless secrecy and Fed bailouts to continue in perpetuity. Read More Here
(ZeroHedge) – Insights Into America’s Disneyland And Our “Neo-Feudalistic, Gulag Casino Economy” From Mike Krieger – Read More Here
(LewRockwell) – Video: How an Economy Grows and Why It Crashes – Lew Rockwell Show with Peter Schiff – View Video Here
(MoneyNews) – Video: Jim Rogers: Next Recession Will Be Much Worse – Video Link Here
(ZeroHedge) – Richard Koo Says If Banks Marked Commercial Real Estate To Market,It Would “Trigger A Chain Of Bankruptcies”
Richard Koo’s latest observations on the US economy are as always, a must read. The critical observation from the Nomura economist explains why the realists and the naive idealists are at greater odds than ever before: the government continues to perpetuate, endorse and legalize accounting fraud in the hope that covering everything up under the rug will rekindle animal spirits. Read More Here
(Fortune) – ‘The SEC is a farce’ – expert Read More Here
(WashingtonsBlog) – Are Interest Rate Derivatives a Ticking Time Bomb?
Derivatives are the world’s largest market, dwarfing the size of the bond market and world’s real economy. Read More Here
(CommonDreams) – Democrats Haunted by Corporate Ties
President Barack Obama and congressional Democrats are promising a climactic clash with Wall Street, but there’s a complication in their battle plan: The Democratic Party is closer to corporate America – and to Wall Street in particular – than many Democrats would care to admit. Read More Here
(CNN) – Video: Federal Reserve – Destroying the American economy since 1913 – View Video Here
(Courant) -2,000 Connecticut Teachers Face Layoffs Before Next School Year More Here..
(Reuters) – Sallie Mae To Cut 2500 Jobs More Here..
(BuffaloNews) – Buffalo: City School Budget would Lay off 700 More Here..
(NBR) – Fletcher Layoffs Hit 120 People More Here..
(ClevelandBlog) – Hundreds of Cleveland teachers, Principals to Lose Jobs More Here..
(Freep) – Detroit Public Schools sends layoff notices to 2000 Teachers More Here..
(SeattleTimes) – Boeing issues layoff notices to 130 in state, 300 companywide More Here..
(CityRoom) – More than 1,000 staff members were laid off on Monday at the bankrupt St. Vincent’s Hospital Manhattan. More Here..
(AlexJones) – Video: Bill Murphy Reveals JPMorgan Chase’s Gold & Silver Manipulation on Alex Jones
Alex talks with Bill Murphy, a financial commentator and chairman of GATA, the Gold Anti-Trust Action Committee. GATA was organized in January 1999 to advocate and undertake litigation against illegal collusion to control the price and supply of gold and related financial securities. GATA exposes and actively opposes collusion against a free market in gold, other precious metals, currencies, and related securities. Read the rest of this entry »
This time Max Keiser and co-host, Stacy Herbert, look at the scandals behind: ‘the owner of Great Britain’ bouncing a $54 million check for a pile of dirt in the Persian Gulf; a currency speculator in Monaco moving currency markets with an ‘accidental Jim Rogers press release’ while Colonel Gaddafi calls for jihad against Switzerland and receives zero market impact; and Alan Greenspan wins major award for causing up global financial markets to explode. Keiser also talks to David DeGraw about his new book, “The Economic Elite versus the People of the United States of America.” Read the rest of this entry »
Max Keiser talks to Stacy Herbert about financial terrorism, Osama bin Laden, Peter Schiff, the world reserve currency, Jim Rogers, Marc Faber, Green Peace, Exxon Mobil, eco-terrorism, Sean Hannity, Bill O’Reilly, the war on drugs, CIA drug trade, the war on terror, false flag operations, Glenn Beck, propaganda. Read the rest of this entry »
(CNBC) – “What would be the first two things you would do if you were in Mr Ben Bernanke’s seat?” Jim Rogers: “I would Abolish the Federal Reserve and Resign.” Read the rest of this entry »
“What are they going to do, quadruple the debt again? Print more money? We don’t have any trees left. We’re running out of trees.”
The U.S. government’s plan to increase spending as a way to kick-start the economy will leave the country with no way to help its way out of the next crisis, Jim Rogers, chairman of Jim Rogers Holdings, told CNBC Thursday. Read the rest of this entry »
The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Prepare now for the U.S. dollar collapse. Read the rest of this entry »
The rally in gold prices has driven several bullion analysts to frenzied forecasts. Some say gold prices will reach $2,000 per ounce soon. Others are predicting big boom for the yellow metal, saying gold prices will zoom to $5,000 and eventually to even $15,000 per ounce in the years to come. Read the rest of this entry »
After a massive upswing in US stocks over the last six months, the recent rally may finally be coming to an end. It seems that the trend of rising stocks on bad or better than expected news may be in a reversal, as evidenced by market participants’ caution over the last couple of weeks. For those that follow contrarian investors like Marc Faber, Jim Rogers, Gerald Celente and Harry Dent, this should come as no surprise. Read the rest of this entry »
Major General Smedley Butler retired from the Marine Corps in 1931 at the age of 48. He had faced gunfire 120 times and the famed columnist Will Rogers wrote of Butler, “He is what I would call a natural born warrior. He will fight anybody, any time….He carries every medal we ever gave out. He has two Congressional Medals of Honor….You give him another war and he will get him another one….I do admire him.” Read the rest of this entry »
(Bloomberg) – The dollar and U.S. Treasuries are both likely to slide as soaring government debt in the world’s biggest economy undermines confidence in its assets, according to Jim Rogers, chairman of Rogers Holdings. Read the rest of this entry »
Hyperinflation Nation starring Peter Schiff, Ron Paul, Jim Rogers, Tom Woods, Gerald Celente, and others. Prepare now before the US dollar is worthless. Read the rest of this entry »
The failure of federal prosecutors to bring conspiracy charges against Bernard Madoff, the mega-billion dollar Ponzi scammer who pleaded guilty March 12 to eleven counts of fraud and other crimes in U.S. District Court in Manhattan, is providing cover to those who pulled the strings on Madoff’s illegal operation. Read the rest of this entry »
Global business leaders added momentum to prospects for a new U.N. climate treaty by agreeing Tuesday that the world must cut greenhouse gas emissions in half by mid-century by setting specific limits on carbon. Read the rest of this entry »
American International Group should be allowed to go bankrupt because keeping it and other sick financials alive on government support risks ruining the US economy, legendary investor Jim Rogers told CNBC Tuesday. Read the rest of this entry »
Jim Rogers: Listen, we have to face reality, George. I have. If you don’t face reality and you sit there and twiddle along and believe Mr Bernanke that everything is OK, you are going to get hit by a two-by-four and it’s going to hurt very, very, very badly, so I would urge you to be prepared. Read the rest of this entry »
Veteran investor says Obama’s agenda will only exacerbate the problem
Veteran investor Jim Rogers warns that the policies of central banks and politicians are turning what would have been a recession into a new great depression, and that Barack Obama’s taxation agenda will only make the problem much worse.
CNBC hosts unable to grasp basic economic principles
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. Read the rest of this entry »
For a Soros protégé, Jim Rogers has something interesting things to say. He hits the nail right on the head, if only for his own benefit. For instance, from CNBC this morning:
The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is “more communist than China right now” but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday. Read the rest of this entry »
