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06-08-2011, 08:21 PM #1
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Jim Rogers: Bernanke Is A Disaster Who Will Bring QE Back
Jim Rogers: "Bernanke Is A Disaster" Who Will "Bring QE Back"
Submitted by Tyler Durden
06/08/2011 20:04 -0400
Video at the link: http://www.zerohedge.com/node/402478
Jim Rogers spoke to a very dramatic and even more hoarse Bartiromo, touching on old and well-known themes, namely that the administration is essentially using up its last stimulus bullet with the current recession: "When the problems arise next time what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around." Alas, as Obama appears to be preparing, "they" will simply do more of the same: the same payroll tax that was supposed to cure all evils in December. The fact that nobody anticipated something so stupid is probably indicative of the administration's genius. Or lunacy. Followed by more dollar printing of course. On what needs to be done to avoid the debt ceiling breach which will shut down the government, Faber believes that nothing short of Draconian measures will be relevant: "We’ve got troops in 150 countries around the world. They’re not doing us any good, they’re making enemies. They’re costing us a fortune." On the other hand he acknowledges: "we can never pay off these debts." As usual, Rogers saved the best for Bernanke: "Since the first day Mr Benanke went to Washington I knew he was going to be a disaster. He has never been right about anything in the 7 or 8 years he has been there. I hope he doesn't come back with QE3 but that's all he knows. The only thing he knows to do is to print money. He doesn't understand finance, he doesn't understand currencies, he doesn't understand economics. He understands printing money. It's the wrong thing to do but that's what he'll do... They're gonna bring QE back because he will be terrified and Washington will be terrified," he said. "There's an election coming in November 2012. Washington's gonna print more money." Lastly, in terms of investments, Rogers is long the dollar but only "for a rally", and also owns Chinese stocks and commodities, would be buying more gold and silver if the price were to go down, and is short tech stocks and JP Morgan. Like we said nothing new. With one addition: the republicans will now get tax cuts, so democrats get QE3. As we have been saying - 2011 is nothing other than 2010 all over again.
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06-08-2011, 08:36 PM #2
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Step 1 ~ Repossess Air Force 1; Repossess Air Force 2; Repossess Air Force 3 *
Step 2 ~ Repossess the Fleet of Presidential Helocopters **
Step 3 ~ Repossess the Fleet of Presidential Limo's ***
Step 4 ~ Bring home our service members in all 170 bases they are occupying on foreign soil
Step 5 ~ Cut Up the Government credit cards and the ability to get Pay Day Loans from the Chinese
Step 6 ~ give the Illegal Aliens 3 months to pack up shop and go home or open up the FEMA Camps
Step 7 ~ Start the Firing Process of ALL Globalist Politicians; SCRAP the NAU and all free trade agreements
Step 8 ~ BOOT THE F'n U.N. OFF OF US Sovereign Soil
Step 9 ~ If NATO doest stop this NAZI Warmongering; The U.S. needs to Pack up shop and come home Lock / Stock and Barrel
* Note 1 (See Below)
** Note 2 (See Below)
*** Note 3 (See Below)
at some point these CRACK HEADS in DC will get the idea that you Nut Jobs are not going to Live Like Kings while you make us suffer... It aint going to happen
You Pieces of SHIT (90%) of you in the Congress need to be FIRED and sent home packing to take to your constituants that you have NOT been representing
as far as
Clinton ~ Yugoslavia
Bush ~ Iraq / Afghanistan
Obama ~ Iraq / Afghanistan / Libya and more to be announced
Start the War Crimes TribunalsJoin our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
Biden may hand out green cards to 4,000 illegal migrants per year
03-28-2024, 01:54 PM in Videos about Illegal Immigration, refugee programs, globalism, & socialism