The Dollar is Doomed and the Fed's Days are Numbered



Uploaded by: fagan411
Video Description:
In this very recent interview with Bloomberg Jim Rogers says Asia is the future, the dollar is a terribly flawed currency and he doesn't want to own any, oil will certainly pass $200/barrel soon, and the (privately owned) Federal Reserve will disappear within the next decade.
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Tags for this video: china depletion devaluation dollar federal inflation oil paul reserve ron

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Comments for this video on YouTube
FinsterFlummoxing. ... ( 3 weeks ago by menderfire9)
FinsterFlummoxing. Right-on. Instead of bailing out the irresponsible banks, the home owners should have been bailed out so they don't have 2 find cheap shelter somewhere else. Tons more people living outdoors. That's what the banks don't give a snip about. People are just like rats or stray cats 2 the CEO's of corporate world, banks, and major stock holders!
Sorry to be so glum, but I cry at night for all the people up here living in cold rainy winter. We have 2 help PEOPLE:NOW! not banks!
i love it when ... ( 3 weeks ago by brmillgr)
i love it when people show how ignorant they are, it shows me how fucked we really are, i cant wait until this economy truly implodes and 30% are out of work and riots are happening, we need it in this country we've been in lala land way to long...and it tickles me to know that people like jux will have a rude awakening sooner than they think...keep walking blindly into the night jux, its good for you
I'm not worried. I ... ( 3 weeks ago by leeroynaggins)
I'm not worried. I already have my dumpster picked out and I'm fortifying it now.
what a loser. Got ... ( 3 weeks ago by 56gig)
what a loser. Got the kids already speaking a language that he feels will take over the world. He's not an American. He's a coward!
But in America that's his god given loser's right. Live free or die!
Array ( 3 weeks ago by bossman068410)
???
So not saving america he is going to run to a country that sells organs of prisoners.
Put the dollar back on the gold standard and rid of us of fractional lending.
If the U.S economy ... ( 3 weeks ago by juxblaze)
If the U.S economy implodes, so will the world economy. The U.S living in "la la" land is the reason why other countries profit through selling us cheap goods or excessive amounts oil. When 300 million plus U.S citizens stop buying the world stops making money.
u make it sounds ... ( 3 weeks ago by kayata123)
u make it sounds like china doesnt have over a billion people with a growing middle class that have more savings than the people of the US, plenty enough to keep demands for goods going.
The US needs to ... ( 3 weeks ago by 40ounces2freedom)
The US needs to return to production and savings. The citizens of the US live well beyond their means. When you take out loan after loan and buy and buy, you create a temporary bubble that will burst when the bills become due and you can no longer afford to pay past bills, let alone buy new stuff. The market will inevitably crash as the US defaults on its foreign debt, and we can only pray that we declare independence. The Second American Revolution is right around the corner.
As if the world is ... ( 2 weeks ago by sianghan)
As if the world is unable to consume the goods themselves. Sure if the US goes bankrupt, their creditors will be hurt. But in a bankruptcy, who get hurt more, creditor or debtor? Creditor takes loses but moves on, debtor is finished.
...this guy does ... ( 2 weeks ago by airrunweskerII)
...this guy does not know what he is talking about!
But I do agree that we need to watch China!
The growth in China ... ( 2 weeks ago by Ibanezman426)
The growth in China is based on the out of control consumption of US. Once that stops, factories close down in China which eliminates loads of jobs and income. Their middle class begins to erode. The problem w/ globalization is everything is woven together. And when and integral piece comes out the system breaks. Proof that bigger is not better. Zero flexibility during tough times. Abolish the Federal Reserve and the entire concept of corporations. Get the gallows ready and make some popcorn.
Revolution 2. Don't ... ( 2 weeks ago by Ibanezman426)
Revolution 2. Don't ever give up your guns!
Remember the men of ... ( 1 week ago by reYKCuf)
Remember the men of the USS Liberty.
i like corporations ... ( 1 week ago by kayata123)
i like corporations, they make my soft padded toilet paper lol
This guy knows ... ( 1 week ago by 40ounces2freedom)
This guy knows exactly what he is talking about. Don't be so naive to believe the Fed will not exist in a decade. Every single central bank in history has failed. Every single one. Not to mention, every single empire in world history has collapsed. Every single one. The USSR was the last major superpower to collapse due to financial instability and extending themselves too far (war in eastern europe and middle east). The reality is things will get much worse. You're living in lala land.
If you like Jim ... ( 1 week ago by ggadguy)
If you like Jim Rogers, look up Peter Schiff's videos, articles, and his podcast at Peter-Schiff . com. Get out of the dollar.
Its hard to save ... ( 1 week ago by dbleackley)
Its hard to save when the Fed is working so hard to increase inflation and thereby decrease the value of the money you have in the bank. The US constitution states that US money should be backed by gold and silver. This will solve a slew of all of the problems. I dont know why American's don't DEMAND to have their money represented by physical gold and silver. I would support a Revolution of the citizens of the US against this supreme BS.
Think! The greatest ... ( 4 days ago by rsouthern)
Think! The greatest scam in the world is not converting over to the fiat paper currency that's backed by assets. But a fiat paper currency backed by good faith with zero transparency and is sold to the world!
better solution is ... ( 4 days ago by louis12346)
better solution is to allow the government to issue enough new debt-free dollars to cover the interest charges not created by the banks as loans:
Instead of taxes, government would be empowered to create money for its own expenses up to the balance of the debt shortfall.Thus if the banking industry created $100 in a year, government would create $10 which it would use for its own expenses. Abraham Lincoln used this successfully when he created $500 million of greenbacks to fight the Civil War
for Abraham worked ... ( 3 days ago by nicholeddy29)
for Abraham worked cause` the currentcy was backed by gold, check your dollar for any GOLD word and you won`t find any, the dollar is not backed by anything, is a worthless piece of paper and i do not see how can the fed could increase the value of the currentcy. plus the fact that the fed is way printing more doolars than it should, i think the fed does not care at all if the currentcy fails, they do not seem doing anything to avoid the inavoidable.
Hahahh... The ... ( 1 day ago by juxblaze)
Hahahh... The demands for those goods come from the U.S market. Ever saw the documentary on WalMart. WalMart owns China.
Creditor moves on ... ( 1 day ago by juxblaze)
Creditor moves on to what?
very good example, ... ( 1 day ago by kayata123)
very good example, do you think you will stop buying things at walmart because they are cheaper or rely even more on walmart for cheap stuff? Have you ever heard of Angola? Right now china is seeking resources meaning they are still growing. Over here in Asia we dont feel the pinch as much as the US does because we tend to save more so we have money on the side. We still buy things made in china, not ipods or iphone. That whole crisis is more on the western world than asia or the middle east.
Hey, I can teach ... ( 7 hours ago by IvanKrstich)
Hey, I can teach you how to create website and sell website over the internet, great business. Real job. Click.




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