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jengacrock (November 30, 1999 at 12:00 am)
Jim Rogers is right on target. We can't bail out the world! Whats so damn bad about bankruptcy? Let the banks go to Consumer Credit Counseling, work out some payment plans and let them get back on their feet. If the damn banks and mortgage companies would work out something with the customers instead of foreclosing...something is better than nothing...this will work it's way out to where everyone wins. But the bailout only helps the crooks.
KhmerD0g (November 30, 1999 at 12:00 am)
agreed. withdraw all your money. stock up canned foods, gun, ammo, water, gasoline, etc. for the next 3 years. we will have inflationary depression.just today oct. 12, 2008 report came out that the Fed will print UNLIMITED amount of money to insure all financial institutions. damn. that will kill the dollar. the dollar will be worthless.
kraskata2012 (November 30, 1999 at 12:00 am)
The dollar is dead. Bernanke is hyperinflationary idiot.
JLKAJFLKDFKSDKJF (November 30, 1999 at 12:00 am)
i love rogers, he always gets mad at these cnbc cowards because they're smoke screening the biggest crime of the century. someday these ladies will realize their treason and hang themselves. rogers if you read this just call it like it is next time and say the fed and british royalty needs to be arrested, you're understating whats happening.
mesler1 (November 30, 1999 at 12:00 am)
Applied Austrian economics = win.
KLguy133 (November 30, 1999 at 12:00 am)
Yes indeed communism and capitalism are just words to control people and CCP and USA are run by the same bunch of grubby scum bankers.
doford (November 30, 1999 at 12:00 am)
Well that's the problem with socialism. It's always changing the little things while destroying the big picture. Sure Jim rogers is biased, he believes free markets are better for people. He isn't just saying this because hes shorted. He's believed in this kind of thing for a long time.
WhackAWingnut (November 30, 1999 at 12:00 am)
doford, here's where you are misunderstanding me. I have only been addressing what to do in the immediate; that is, pour cash into the market for the sake of preventing a stock market collapse. You went from that issue to long terms solutions. I never said a word about the long term other than it would be worse to wait -- which is supported by the referenced article. One more thing, Jim Rogers has shorted many of these companies; he speaks with a biased tongue. Remember that, ok? Peace.
cubachang (November 30, 1999 at 12:00 am)
it will be alot worse when these bailouts collapse the dollar completely..
otherworldz (November 30, 1999 at 12:00 am)
yes. socialism seems to work best when the administration is by/among a fairly homogonous population. that way all segments of society identify with each other and exploitation of "others" is reduced. i'm not sure that us prisons are in any way social, since they don't rehabilitate, but rather facilitate worse anti-social behaviour. as far as i can tell the wealthy in the usa are colluding with bureaucracy to destroy the middle class, or rather, have become the bureacracy (gwb) for control. |
