Inflationary Holocaust – Jim Rogers – Dollar Collapse – America Bailing Out Wallstreet (Incompetents And Crooks) At The Cost of The People
Inflationary Holocaust. ‘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. 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 …
Tags: America, Bailing, collapse, cost, Crooks, Dollar, Holocaust, Incompetents, Inflationary, People, Rogers, Wallstreet
January 18, 2011 1:10 pm 
By jalan185, January 18, 2011 @ 1:36 pm
Lol @ 0:33, Tim somebody. Rogers is awesome!
By yankeepedaler, January 18, 2011 @ 1:59 pm
@jesse2076 I couldn’t agree more. Good luck.
By jesse2076, January 18, 2011 @ 2:11 pm
@yankeepedaler I have an enormous amount of silver,gold, copper and heirloom seeds.cash will be worthless soon
By jesse2076, January 18, 2011 @ 2:49 pm
@aviomaster we are all brothers when will we admit it as a whole
By onecoolgreek, January 18, 2011 @ 3:46 pm
Warren buffet said you cant bet against the usa and win…do you all know what that mean’s the usa is the greatest manipulator they will make wars with china and eurasia and get all investor’s flocking back ASAP.. trust me
By ManufactureBelief, January 18, 2011 @ 3:51 pm
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By aviomaster, January 18, 2011 @ 4:35 pm
ArchaicRevivalx2012 – I am not talking nonsense. YUGOSLAVIA country with 1 race , 1 race , and 3 religions , Catholics , Orthodox , and Muslims , fought for 4 years. CAUSE of economic depression.
USA you have millions of blacks in USA , 50.000.000 Mexicans who are not really fans of whites.
It will be race and poor vs. rich , whites are richer always wright. so there you go. rich vs. poor colored vs. whites. I get the feeling of how things will play out in USA. Worse than CCCP.
By ArchaicRevivalx2012, January 18, 2011 @ 5:19 pm
@aviomaster I hope this will not be a race war. It might be more of the haves versus the have nots. Blacks are a tiny minority in the United States. That would be suicide. If you’re homeless and hungry, there maybe racial rioting, only because of the lack of jobs and food. This might be a circumstance of poverty. We shall see.
By aviomaster, January 18, 2011 @ 5:33 pm
Dollar fall — imagine this , and USA so diversed country with all these different races unemployed 30-40% unemployment.
Street wars gangs , AK-47 will be the king in the streets of USA.
Mexicans vs. blacks, whites vs. all others, Mexicans and Blacks united against the whites , simply total destruction of USA , worse than CCCP collapse.
By USStateSponTerrorism, January 18, 2011 @ 5:54 pm
It’s the Jews in the Federal Reserve, on Wall Street and in our government that have caused this disaster, and they are the ones who planned it, they are the ones who will get even richer from it. The American people need to wake up to the fact that the majority of the Jews in this country and Israel, are not our friends. They are not working to strengthen America, they are traitors working to make Israel strong enough to deal with anyone, including America. Nothing but TRAITORS!
By RandallSteen, January 18, 2011 @ 6:22 pm
Fascism is the new trend. They will not step down gracefully. They will go kicking and screaming like a two year old. A great stock where the fundamentals are sound is in headache medacine. All the best. RS.
By Cirris, January 18, 2011 @ 7:13 pm
“let them go bankrupt” *crickets*
By yankeepedaler, January 18, 2011 @ 7:57 pm
I have an enormous amount of cash. Payooou!
By ArchaicRevivalx2012, January 18, 2011 @ 8:20 pm
@staydput I agree.
By staydput, January 18, 2011 @ 8:31 pm
Rampant money printing establishes Hyperinflation, NOT Inflation.
Hyperinflation is the destruction of the currency. It also is a tax on everyone holding liquid assets.
It also represents absolutist spending. The powers that be cannot bear to tax outright for the funds that they are going to spend anyway.
In such a regime Spending IS Taxation.
Look back at the Confederate Dollar and the Continental Dollar. They both collapsed.
ANY time ANY power prints money it’s a TAX, but hidden.
By westernbloc, January 18, 2011 @ 8:54 pm
what a legend, spot on. The 2 dicks in the suits with their toffee attitudes have lost themselves and their clients bucket load of cash thinking that injecting billions if not trillions will not have at some point a massive inflationary impact. How naive they are
By ralliart2000, January 18, 2011 @ 9:33 pm
“Buy commodities”. And how right he was. While all other analysts with totally false logic were trying to justify the injection of money that had been cause of the problem in the first place, at least this guy knew what was going on. Unfortunately people like him aren’t running Western economies, the idiots with the false logic are.
By vivaloriflamme, January 18, 2011 @ 9:55 pm
Jim Rogers– a friend of George Soros.
By TheAtheistworld, January 18, 2011 @ 10:51 pm
this fucker thinks he is “sound”, and others must fall. well, nwo will make opposite. “sound” fuckers will fall. and good people will stand up.
By tblach04, January 18, 2011 @ 11:33 pm
@spernoadversa They are paid to pretend they don’t get it.
By 1929spectre, January 19, 2011 @ 12:02 am
Assignats were paper money issued by the National Assembly in France during the French Revolution. The assignats were issued after the confiscation of church properties in 1790 because the government was bankrupt. The government thought that the financial problems could be solved by printing certificates representing the value of church properties. These church lands became known as biens nationaux. Assignats were used to successfully retire a significant portion of the national debt .
By NoXiFy7, January 19, 2011 @ 12:37 am
The us had to bail out all the banks so people couldnt find out which ones were good and which ones werent…This prevented the mass withdrawal of funds which could have collapsed the bad banks. DUh
By throwerofturds, January 19, 2011 @ 1:22 am
it must drive jim rogers crasy to have to answer dumb questions from these interviewers
By throwerofturds, January 19, 2011 @ 1:47 am
@pretorious700 cnbc swine
By throwerofturds, January 19, 2011 @ 1:47 am
@hannigan06 bush started the bailouts , mccain and palin agreed to the bailouts and of course obama is taking the bailouts to the bitter end as well as trying to spend as much as possible on everyything else , global warming and medicare .
i have not seen a single politcian anywhere in a long time that has a clue about the economy other than Ron Paul . he trhinks diferently than anyother