Jim Rogers says, "Sell your American dollars", "Fed a disaster.."

[chafed_nut_sack420]

The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest U.S. mortgage lenders are ``basically insolvent,'' according to investor Jim Rogers.

Taxpayers will be saddled with debt if Congress approves U.S. Treasury Secretary Henry Paulson's request for the authority to buy unlimited stakes in and lend to Fannie Mae and Freddie Mac, Rogers said in a Bloomberg Television interview. Rogers is betting that Fannie Mae shares will keep tumbling.

[laurion]

So your insinuating that our economy is in trouble?
Where's your evidence sir.
 

[MB_722]

"Sterling used to be the worlds reserve currency, that changed and it's going to happen with the American dollar. I don't like saying it. I'm an American but unfortunately I have to live with Facts"

[Deicide]

The U.S. Treasury Department's plan to shore up Fannie Mae and Freddie Mac is an ``unmitigated disaster'' and the largest U.S. mortgage lenders are ``basically insolvent,'' according to investor Jim Rogers.

Taxpayers will be saddled with debt if Congress approves U.S. Treasury Secretary Henry Paulson's request for the authority to buy unlimited stakes in and lend to Fannie Mae and Freddie Mac, Rogers said in a Bloomberg Television interview. Rogers is betting that Fannie Mae shares will keep tumbling.

I wouldn't care if my parents A) didn't live in the states and B) were smart enough to trade in their dollars...

[CQ]

Everything seems to be in order here. Watched CNN reporting the lines of people waiting to withdraw all their money. I am sure it is normal for people to be lined up to withdraw all their money. Seems people have great confidence. No problems here

[youandme]

Everything seems to be in order here. Watched CNN reporting the lines of people waiting to withdraw all their money. I am sure it is normal for people to be lined up to withdraw all their money. Seems people have great confidence. No problems here

Oh CNN, yeah your on top of economics.

Rogers has been in AUD and CHF for over 30 years, he's been a doomsday dollar man for that long as well, just as the gold "bugs" he talks down about, he knows gets his say in as time has played it's part.

[CQ]

Oh CNN, yeah your on top of economics.

Rogers has been in AUD and CHF for over 30 years, he's been a doomsday dollar man for that long as well, just as the gold "bugs" he talks down about, he knows gets his say in as time has played it's part.

CNN made that up and NY Times faked the pics or do people normally line up to withdraw money as they feel paniced?

It has to be one of those 2 things - or people are paniced.

[chafed_nut_sack420]

Oh CNN, yeah your on top of economics.

Rogers has been in AUD and CHF for over 30 years, he's been a doomsday dollar man for that long as well, just as the gold "bugs" he talks down about, he knows gets his say in as time has played it's part.

Sorry, you lost me with this post. Are you saying he's talking rubbish? The banks have enough mouth pieces working for them, I appreaciate any time someone gets to be vocal in the media about their disgust with the way the Fed is running things.

[chafed_nut_sack420]

CNN made that up and NY Times faked the pics or do people normally line up to withdraw money as they feel paniced?

It has to be one of those 2 things - or people are paniced.

Those people were there only because the bank was giving away free donuts.

[chafed_nut_sack420]

Jim doesnt hold back.

http://www.bloomberg.com/avp/avp.htm?N=av&T=Rogers%20Calls%20Fannie%2C%20Freddie%20Rescue%20Plan%20a%20%60Disaster'&clipSRC=mms://media2.bloomberg.com/cache/vIQvD7yNni2I.asf

[youandme]

Sorry, you lost me with this post. Are you saying he's talking rubbish? The banks have enough mouth pieces working for them, I appreaciate any time someone gets to be vocal in the media about their disgust with the way the Fed is running things.

No, I'm saying he's been saying this for 30 + years and now time is with him so he is correct. He is right, but what do you think his opinion that is being publicly stated now is going to do for you?

Those people were there only because the bank was giving away free donuts.

Most likely, cause most of them look like they hold dual residency, so they can wire their money overseas, you can hold onto your paper like that white dude in the back, the donuts will make up for the inflation.