Best Of The Best Share Discussion Threads

[traderabc] 16/3/2009 14:04

So Rogers is shorting JP morgan. In effect this is similar to shorting the FED, ie shorting the US as a financial superpower. He obviously dosen't have any faith in US and the people running it.
His emmigration to Singapore is proof of his lack of any trust for the US going forward. He has stated that US treasuries may (oneday) be rejected by the Worlds creditor nations.
Reading between the lines, his JPM short is impling that senario is comming closer.
When the US goes into a tailspin what chance does the UK have? The $ and £ are probably going to be a couple of the worst performing currencies in the future.
We have been WARNED, put some of your assets into Silver/Gold/comodities before it is too late.

[traderabc] 16/3/2009 11:39

16.3.09
Audio Interview - Jim Rogers Podcast

[traderabc] 14/3/2009 20:20

Well worth torrenting a high quality version. This is bang up to date and only a little can be described as 'coincidence theory'. Rogers is saying the same sort of stuff, the central banksters are the real villains, no doubt about it.


The Obama Deception: Director Alex Jones Reaches Out To Obama Supporters





THE OBAMA DECEPTION Pt1

[traderabc] 14/3/2009 13:47

Which is almost the same as saying bet against the Fedral Reserve Bank...

Rogers Says `Plenty of Reasons' to Bet Against JPMorgan




I’m short JP Morgan. They have a gigantic derivatives position. Their off-balance-sheet derivative positions are among the top three in the world, if not the largest. The bank’s credit-card loans also are a disaster waiting to happen.

There are plenty of reasons to short JP Morgan, but that doesn’t mean it can’t rally for a while, and it probably will.

I don’t think it’s in good shape (the US banks). They should have a good rally after their huge declines. But are they sound again? Absolutely not.

“I don’t see how there can be much more (then a bear market rally). The world is in serious trouble. There are more bankruptcies and failures to come.

That doesn’t mean the rally is over. It could last a few days, weeks, or even months.

But this problem isn’t over yet, and the American government is making it worse by spending obscene amounts of money on the wrong thing.

[traderabc] 14/3/2009 13:44

13.3.09
China Is Spending Money on the Right Things
The chinese economy is about 20% of the size of the US economy, I mean its impossible for them to pull us out of this.

Europe and America alone are 10 times as big as the chinese economy. Europe and America are bigger then all Asia economy put together. So, there is no way China can pull us out of this.

They can help, and they can help themselves and they are, but what they are doing may turn out to be good things for China.

I certainly expect China to come out of the recession sooner then the US, after all China has gigantic savings, reserves, they have the largest foreign exchange reserves in the world.

They have saved all that for a rainy day and now they are starting to spend it. For waht I can gather, they seem to be spending the money on the right things: infrastructure, projects that will help them to be more competitive if and when we get out of this crisis.

[westcoastrich] 14/3/2009 07:38

From the 70s

Lynn Anderson -- Rose Garden

[traderabc] 12/3/2009 21:16

Yep, the US is stumbling. Just WHEN will they get around to changing their foreign policy?

This thread has some intresting info.

Lessons of Weimar: For the Coming Crisis

[tsunamai] 12/3/2009 18:43

USA doing well these days it seems.

[traderabc] 12/3/2009 16:04

12.3.09
Audio Interview, March 12, 2009

[cassandracomplex] 11/3/2009 02:00

TraderABC,

I think both you, and Jim Rogers will like this.

The G-ds Must Be Crazy



Cassandra

[traderabc] 11/3/2009 01:11

Good news for silver holders, Rogers sees silver out performing gold.


10.3.09
Latest Jim Rogers Video Interview, March 09, 2009 in Bloomberg

[february 30th] 08/3/2009 12:27

All depends on your perspective. If you're a revolutionary Marxist you perhaps welcome what's going on...



Debout les damnés de la terre
Debout les forçats de la faim
La raison tonne en son cratère
C'est l'éruption de la fin
Du passe faisons table rase
Foules, esclaves, debout, debout
Le monde va changer de base
Nous ne sommes rien, soyons tout

C'est la lutte finale
Groupons-nous, et demain
L'Internationale
Sera le genre humain

Etc...

[traderabc] 08/3/2009 12:07

7.3.09
India Outlook
If you think India internally has enough savings and investments to come out of all this, then some parts of India will do very well. I don`t see it that way in India. You have a government that it is not pro business or pro making money. They like people to make money in India. I don`t see any good reason to buy shares in India or anywhere.

This is a transcript of a video interview to NDTV in India.
6.3.09
China`s Water Problem
What worries me in China, I mean revolution, civil war, famine, none of that worries me.

What worries me is water. Because if they run out of water, and they have a stupendous water problem, then it is the end of the story.

You can survive a war, you can survive an epidemic but you cannot survive if the water runs out. Then you have to leave.

India even has a worse water problem than China.

Things like water treatment stocks in China have to boom.

[westcoastrich] 08/3/2009 11:16

Bee Gees
Staying Alive





Feel the city breakin'
And ev'rybody shakin'
And we're stayin' alive, stayin' alive.
Ah, ha, ha, ha,
Stayin' alive.
Stayin' alive.
Ah, ha, ha, ha,
Stayin' alive.
Life goin' nowhere.
Somebody help me.
Somebody help me, yeah.
Life goin' nowhere.
Somebody help me, yeah.
Stayin' alive

[traderabc] 07/3/2009 14:52

"The destruction of the Soviet Union was in fact one of the most counterproductive events in American history. In a world of only one superpower, there remained none left to protect us from our own delusional ambitions."
-posted by Roman Freadman on the Reality Zone. Feb 27, 2009


Jim Rogers: Buying Farmland in Brazil and Canada (and farming!)

[steve1905] 05/3/2009 20:24

Downbound Train





I had a job, i had a girl.
I had something going mister in this world.
I got laid-off down at the lumber yard,
our love went bad, times got hard.
Now I work down at the car wash where all ever does is rain,
Don't you feel like you're riding a down bound train?

[traderabc] 05/3/2009 17:30

Oil Prices - CNBC, March 5

[traderabc] 03/3/2009 21:35

It will take less than 1 min, he IS worth the time

[traderabc] 03/3/2009 21:08

Good find nnm2

I put it in the header. Loved his story about bond holders and the mayor... ;-)

[notanewmember2] 03/3/2009 20:32

Jim Rogers on Channel 4 Today -

[traderabc] 03/3/2009 09:27

28.2.09
Jim Rogers Interviewed by Maria Bartiromo
(February, 27) Maria Bartiromo interviewed Jim Rogers for Business Week. Here is the full transcript:

What do you think of the government's response to the economic crisis?

JIM ROGERS: Terrible. They're making it worse. It's pretty embarrassing for President Obama, who doesn't seem to have a clue what's going on—which would make sense from his background. And he has hired people who are part of the problem. [Treasury Secretary Tim] Geithner was head of the New York Fed, which was supposedly in charge of Wall Street and the banks more than anybody else. And as you remember, [Obama's chief economic adviser, Larry] Summers helped bail out Long-Term Capital Management years ago. These are people who think the only solution is to save their friends on Wall Street rather than to save 300 million Americans.

So what should they be doing?

What would I like to see happen? I'd like to see them let these people go bankrupt, let the bankrupt go bankrupt, stop bailing them out. There are plenty of banks in America that saw this coming, that kept their powder dry and have been waiting for the opportunity to go in and take over the assets of the incompetent. Likewise, many, many homeowners didn't go out and buy five homes with no income. Many homeowners have been waiting for this, and now all of a sudden the government is saying: "Well, too bad for you. We don't care if you did it right or not, we're going to bail out the 100,000 or 200,000 who did it wrong." I mean, this is outrageous economics, and it's terrible morality.

You have said Bear Stearns and Lehman (LEHMQ) would still be around if Greenspan hadn't bailed out Long-Term Capital Management in 1998. Can you explain?

Well, if Long-Term Capital Management had been allowed to fail, Lehman and the rest of them would've lost a huge amount of money, their capital would've been impaired, and it would've put a terrible crimp on Wall Street. It would've slowed them down for years. Instead of losing capital, losing assets, and losing incompetent people, they hired more incompetent people.

Should AIG (AIG) have been allowed to fail, too?

First of all, banks and investment banks and insurance companies have been failing for hundreds of years. Yes, we would've had a terrible two years. But you're dragging out the pain. We had 10 years of the worst credit excesses in world history. You don't wipe out something like that in six months or a year by saying: "Oh, now let's wake up and start over again."


What about Citigroup (C)? What about the car companies?

They should be allowed to go bankrupt. Why should American taxpayers put up billions to save a few car companies? They made the mistakes! We didn't make the mistakes! I'm sure they'll give them the money, but I'm telling you, it's a mistake. It's a horrible mistake.

I totally understand what you're saying, but the banks are under massive pressure.

They all took huge, huge profits. Who was the head of Citigroup? Chuck Prince? I mean, how many hundreds of millions of dollars did Prince take out of the company? How many hundreds of millions of dollars did other Citibank execs take out of the company? Wall Street has paid something like $40 billion or $50 billion in bonuses in the past decade. Who was that guy who was the head of Merrill Lynch (MERR)?

Stan O'Neal?

Right, Stan O'Neal. He got $150 million for leaving, even though he ruined the company. Look at the guy at Fannie Mae (FNM), Franklin Raines. He did worse accounting than Enron. Fannie Mae and Freddie Mac (FRE) alone did nothing but pure fraudulent accounting year after year, and yet that guy's walking around with millions of dollars. What the hell kind of system is this?

Are you worried the economic crisis will lead to political turmoil in China and elsewhere?

I absolutely am. We're going to have social unrest in much of the world. America won't be immune.

What does all this mean from an investment standpoint?

Always in the past, when people have printed huge amounts of money or spent money they didn't have, it has led to higher inflation and higher prices. In my view, that's certainly going to happen again this time. Oil prices are down at the moment, but that's temporary. And you're going to see higher prices, especially of commodities, because the fundamentals of commodities are enhanced by what's happening.

Which commodities are worth buying or holding on to?

I recently bought more of all of them. But I really think agriculture is going to be the best place to be. Agriculture's been a horrible business for 30 years. For decades the money shufflers, the paper shufflers, have been the captains of the universe. That is now changing. The people who produce real things [will be on top]. You're going to see stockbrokers driving taxis. The smart ones will learn to drive tractors, because they'll be working for the farmers. It's going to be the 29-year-old farmers who have the Lamborghinis. So you should find yourself a nice farmer and hook up with him or her, because that's where the money's going to be in the next couple of decades.