Tuesday, January 20, 2009
Jim Rogers, desperate, turns his negative prognostications on the U.K.
After issuing numerous misguided sell signals on U.S. Treasuries and the dollar in the past four months, Jim Rogers is now turning bearish on the U.K. instead. (Perhaps hoping that it will work out better than his other ill-timed sell signals.)
Why anyone still listens to this guy is beyond me, however, he remains a media favorite especially over at Bloomberg.
In an interview today Rogers says, "the U.K. is finished" and he would "sell the pound." (Nevermind that the pound has already plunged to a 10-year low against the dollar and a record low against the euro.)
Rogers' rationale for predicting an end to the U.K? "The country is running out of oil so now they will have nothing to sell." (I kid you not, those were his exact words!)
Most investors, with the exception of the nimblest, have already been buried by his commodity predictions. Anyone left with any money after following his advice ought to be given a medal. Perhaps a Purple Heart.
Read interview here.
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MIKE,
TO CONFIRM, SUPPORT AND EXEMPLFIY YOUR ANALYSIS TODAY ON THE DANGEROUS ATTEMPT TO PRIVATIZE OUR SOCIAL SECURITY SYSTEM AND THE POTENTIAL FOR SOME PEOPLE AND OR MARKET DOWN FORCES TO CRASH THAT VERY PENSION / RETIREMENT, I POINT AGAIN TO THE RETIREMENT SYSTEM IN CHILE ( SOUTH AMERICA ) :
http://article.wn.com/view/2009/01/12/Chile_heavy_losses_for_pioneering_pension_funds_e/
CHILE IS EXPERIENCING HEAVY LOSSES AND ALL THEIR RETIREES ARE BITING THE DUST WHERE AS THE ARGENTINE SENIOR SYSTEM IS NOT PUMMELLED.
PLEASE NOTE THAT SCHULTZ ON CHARLIE ROSE POINTED OUT THAT CHILE WAS THE WONDER CHILD OF THE KISSINGER/SCHULTZ/BUSH/GREENSPAN GAME ( END GAME REALLY ).
USA HAS FREE TRADE WITH CHILE AFTER USA SENT COL. POWELL TO APOLOGIZE FOR USA SUPPORT OF COUP ON 9-11-1973 WHICH OVERTURNED A DEMOCRATICALLY ELECTED CHILEAN GOVERNMENT WHICH WAS REPLACED BY PINOCHET WHO KILLED TENS OF 1000'S.
BUSH 1 AND KISSINGER ARE DIRECTLY RESPONSIBLE FOR THIS COUP. NOW KISSINGER IS AN EXECUTIVE ON THE LARGEST COPPER MAGNATE IN THE WORLD WHICH IS BASED OUT OF CHILE, WHICH HAS THE LARGEST COPPER MINES.
IT WOULD BE GOOD IF HIS COMMODITIES ARE IN THE COMMODE.
THE CHILEAN EXPERIMENT WAS THEIR POSTER CHILD OF WHAT WE WERE TO ACCOMPLISH HERE. EVIDENTLY IT FAILED AND WE SHOULD TAKE IMMEDIATE HEED TO THIS DANGER.
TOM DELAY CONSIDERED THE STATE DEPT AND THE DEPT OF EDUCATION AS UNCONSTITIONAL. OF COURSE ALL REPUBLICANS WAS TO STARVE THE BEAST ( SOC SEC, ETC ) AND THEN DECLARE IT BROKEN SO THEY CAN DISMANTLE IT FOR CONTROL BY THEIR CRONIES.
THEREFORE THIS URGE TO TEAR UP OUR STABILITY AND INFRASTRUCTURE FOR RETIREMENT IS EVIDENTLY FROM THE SAME STRAIN OF NEOCONSERVATIVE HOGWASH THAT IS SELLING OUT AMERICA AND LEAVING US IN THE MOST PRECARIOUS POSITION EVER.
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