Jim Rogers investor Not Only Slam The Fed calls Abolish It

Back


Had to get this out as fast as possible Somebody at CNBC, billed as "America's business channel," made a mistake. They allowed Jim Rogers, investor and buddy to George Soros, to get on and slam the Federal Reserve. Not only slam the Fed, but call for it to be abolished. This is a futher report from yesterday report on Bloomberg's Asian Finance on Final Word. Link Below is of this video your watching: http://www.infowars.com/?p=775 Fed Affords Dollar Brief Respite With Lower Rate Cut Market had priced in full one percent cut Paul Joseph Watson Prison Planet Tuesday, March 18, 2008 The dollar enjoyed its biggest gains against the Yen in nine years and pared losses against the Euro after the Federal Reserve delivered a lower than expected 75 basis points interest rate cut after traders had priced in a full 100 points cut. Earlier today, we asked whether the Fed would act to shore up the dollar in the face of a growing outcry and talk of intervention by offering only a 50 basis points cut. Before the decision, a growing number of traders were leaning towards a whopping 1.25 percent cut but the lower than expected move gave the dollar some brief respite. Gold futures fell sharply below $1,000 an ounce but crude oil spiked following the announcement. "The dollar didn't get crushed here," said Frank Lesh, a trader at FuturePath Trading LLC in Chicago. "People were short dollars and long gold heading into this meeting. It looks like investors are taking some money out after this great rally." "The Fed delivered the minimum to appease the overriding concerns of the market right now," said Mike Moran, a senior currency strategist at Standard Chartered in New York. "Risk sentiment is a little better" than at the start of the day. However, with Gulf states set to creep away from the greenback by dumping their dollar peg, the respite is only likely to be short lived and we fully expect to see further dollar erosion on a gradual basis over the coming weeks and months.

Channel: News & Politics
Uploaded: March 18, 2008 at 12:30 pm
Author: spellbinder00

Length: 0:10:23
Rating: 4.96
Views: 5,873

Tags: jim rogers abolish fed market crash dollar lost gone bankrupted america anti reserve alex jones knew fiat money

Video Thumbnail #1:




Video Thumbnail #2:




Video Thumbnail #3:




Video Url:


Embed Code:


Video Comments:
oudmontage (Monday 3rd of November 2008 02:41:16 PM)
impressive words of wisdom by Jim Rogers!
KhmerD0g (Sunday 12th of October 2008 11:15:54 PM)
he lives in singapore. he is a legend. i like him. he is smart.
harrybinladen (Sunday 12th of October 2008 06:46:12 AM)
well that was extremely precient
im2fast2catch (Monday 14th of April 2008 12:44:11 PM)
15th April 2008 - Outside of the White House. Abolish the FED. One of the largest protests in US History. Be part of the difference, make sure you go to Washington and take everyone you can with you. Be part of the Revolution!!
wdlief124 (Saturday 12th of April 2008 09:46:01 PM)
Make that hopelessly. Please learn your history people. The Fed is not Federal and is destroying our country to line elite pockets and consolidate power. We were warned about private central banks and now we're screwed. Also CNBC is a travesty beyond words.
wdlief124 (Saturday 12th of April 2008 09:34:14 PM)
"if Fed doesn't print money how would you get your wages?" LMAO!! Oh man, that's funny shit. This country is hopelessy oblivious.
tillo2008 (Wednesday 9th of April 2008 08:40:48 PM)
wow, zuben21, you honestly don't understand anything about economics. Stop moaning? Remind me to mail you a get-well-soon card when you're paying 10/gallon and 5-6 per loaf of bread.
joshrain1 (Saturday 5th of April 2008 05:39:18 PM)
let the US government print it backing it by gold. thats what happened was andrew jackson was there and what jfk wanted, read his executive order
zuben21 (Thursday 10th of April 2008 09:43:25 AM)
When we earn more we pay more - we end up helping people who have less money.
benjleeru (Friday 4th of April 2008 11:13:09 AM)
how about with the money that's already in circulation? We don't need any more.