My new podcast episode is out

Jim Rogers is a fucking moron

How many times is this fucking idiot going to say, "the next recession is going to be the worst in my lifetime?"

He says it every fucking time. He just said it again.

He looks into the future and sees a terrible reckoning ahead; one he predicts will be “the worst economic crisis of my lifetime”

I don't know who's worse: Rogers or the media people who keep asking him give his idiotic points of view.

George Soros made this guy rich, and thanks to that we have to listen to this idiot drone on endlessly.

22 months after Brexit all the "geniuses" are shocked that the U.K. economy is fine. It's what I said at the time.

Before and immediately following the Brexit vote back in 2016, I said that the U.K. economy would not be harmed and that the pound would recoup all of its losses if selling were to happen.

In contrast, all of the "geniuses" i.e. the economists, market pundits, hedge fund idiots and especially, the entirety of the business and financial media, said the opposite. They were all wrong. I was right.

Here are some videos I made at the time.

"Brexit and the British pound."

"British pound will recoup all post-Brexit losses"

"I told you: Whatever the initial reaction to Brexit was it would be wrong."

"Buy signal. Jim Rogers says Brexit will create worst bear market."

MMT understanding. Market savvy. Mental Game.

Brexit buy signal. Jim Rogers says this will be the worst recession in our lifetime.

This hysterical clown is making another "bold" prediction. He says that Brexit will lead to the worst recession in our lifetimes.

You just got your buy signal.

LIVE: Jim Rogers: “The bear case is the pound disappears” https://t.co/WVAVrr9UnQ pic.twitter.com/xBckP05H1J

— Yahoo Finance (@YahooFinance) June 27, 2016

Jim Rogers: mind blowingly perfect when it comes to being wrong!

After years of telling us how the dollar was going to get killed because of Fed "money printing" he inexplicably gets bullish at the top. Amazing!!

lo

Time to fade Jim Rogers, AGAIN. And make more money...AGAIN!!

Bow-tied buffoon

Back in April, clownish, bow-tied buffoon, Jim Rogers, said he was bullish on the dollar. I wrote about it here saying that one ought to short the dollar. History has pretty much shown that if you do everything opposite of Rogers you will make a lot of money.

Sure enough, the Dollar Index at the time Rogers professed his love for the greenback was just under 100. Today it's around 95. The euro/dollar exchange rate was at 1.06. Today it's at 1.13. And dollar/yen was at 119 and it's roughly at the same level today.

I only bring this up because Rogers is saying that the markets won't let the Fed keep the rates up for long. LOL!!! He's the same guy who, for YEARS, had been saying that the markets wouldn't allow the Fed to keep rates low: there'd be inflation and hyperinflation and China would balk at buying and on and on and on. The idiot is probably LONG TREASURIES now after years and years and years of saying he was shorting them. Hahahahaa!!

Same with Schiff. He's been doing the Rogers thing, too, and saying that the Fed will never be able to raise rates or stop QE. That's the complete opposite of what he had been saying for years: that the markets would punish the Fed and send rates skyrocketing because of its policies.

I need to invent another language to express, in words, how FUCKING CLUELESS these guys are. But their brazen lack of humility and SHAME....WOW! It's really something to behold. Really.

Anyway, do yourself a favor and go short Treasuries. Since Rogers now thinks they will never go down (the "markets" won't let them) they'll probably crash like hell once the Fed puts through the first rate hike.

I read the comments from the haters. It's awesome!

Great comments from the haters. I love doing this. It's a lot of fun.

Bill Gross might be saved after all. Jim Rogers LOVES the U.S. dollar

Bill Gross has been a wonderful "fade" for the past few years. He got everything wrong in the bond market and with respect to rates and QE. We've been pointing out every time he makes a major call and I hope you made money on it by fading it.

On Monday you may recall that I posted, here, that I was thinking of shorting the dollar, but then heard that Bill Gross is short and calling it his "trade of the year."

So I looked to fade the guy once again.

Today, however,  I saw this:

Jim Rogers take the cake as "The World's Greatest Fade in the Universe of All Time."

So now it looks like Bill Gross will  make out pretty well on that dollar short and we should all be shorting the dollar, too. (No, seriously.)

P.S. Don't worry about that little "for now" rejoinder at the end of Rogers' comment about loving the dollar. All charlatans do that: that's so if it goes the other way he can declare he was right even though he was wrong. It's like when Schiff says interest rates are going to spike, I just can't tell you when.

We just had a $100 billion "helicopter drop" and the inflationista's say nothing

Why aren't all the inflation nuts screaming, "money printing, hyperinflation?"

Has Jim Rogers gone insane? Watch my new video!

John Paulson, Kyle Bass, two "genius" fund managers who are long gold, short Treasuries. LOL!!!

The markets are proving once again that most hedge fund managers are more lucky (or fraudulent) than smart and that's if they made any money at all.

John Paulson's greatest trade (shorting the subprime market) was an exercise in fraud with the help of Goldman Sachs.

Since that rigged trade, Paulson's "genius" bet was to load up on gold and short the Treasury market because he believed that Fed "money printing" was going to create hyperinflation. (Obviously taking his cues from that moron Peter Schiff now.)

And Kyle Bass has been telling us for three years running how the Japanese bond market is going to implode. He keeps betting against the Japanese bond market and, not surprisingly, he loves gold.

And let us not forget some of the other prominent morons like Jim Rogers, Nassim Taleb and of course the biggest loser of them all, Peter Schiff.

These guys are useless, like most of the entire hedge fund community, but we told you that here at MNE a long time ago.

Kyle Bass, Jim Rogers...wrong again!! But what else is new?

Looks like these guys--Jim Rogers, Kyle Bass--are wrong again. Their calls for shorting Treasuries and Japanese Gov't bonds (and the yen) are falling apart. Bonds are rallying once again on the prospect of sequester, which is about to hit the economy hard and push the unemployment rate above 8-percent, perhaps well above that level. And the whole Japan "stimulus" thing is falling apart because there never was one in the first place, just like I said. The entire yen move down, driven by levels of speculative selling not seen in years (people like Kyle Bass) is in the process of reversing.

If it's not clear by now that these people are fools, idiots, than I don't know how else to bring that to your attention. When you don't understand the most basic concepts of money and the monetary system, then how can you go out there and call yourself an expert? Furthermore, shame on the clueless media outlets like CNBC, Fox, Yahoo!Finance and the others who constantly put these idiots on the air.

The Fed trying its best to help Jim Rogers, Schiff, Naseem Taleb, Kyle Bass and the other Austrian clowns make money

Boy, the Fed must feel real sorry for Jim Rogers, Peter Schiff, Naseem Taleb, Kyle Bass and all the other clueless, Austrian, debt doomsday, non-MMT types. It looks like the central bank is venturing out with a totally different approach to try to help these poor fools make money.

We all know the aforementioned have been shorting Treasuries mercilessly for at least the past four years, losing vast sums for themselves or their sorry followers, despite the fact that the Fed had been TELLING THEM not to sell the Treasury market at least until 2015. But, noooooo...these geniuses just wouldn't listen.

(Psssssst...they still think it's the bond vigilantes or the Chinese who set U.S. interest rates. We MMTers know better!)

So apparently out of deep concern for their bleeding pocketbooks, Bernanke & Co. is now telling the, "We're a debtor nation" (please say it in the voice of an old prospector) crowd that they can refrain from going short until the unemployment rate falls below 6.5%. Or to put it another way, they can go long until then.

As much as I'd like to think these clueless wonders are going to catch on, something tells me that their philanthropy to the MMT side (read: long side) of the Treasury market is going to continue.

Yes Lauren, it is true what they say about fools and their money. Hey folks, don't feel bad. Just think of it as doing a public service.

The Schiff-Rogers-Faber Hail Mary about to sink another famous hedgie

Another in a long line of famous hedge fundies is about to bite the dust and I couldn't be any more pleased to learn that it's this pompous blowhard, Hugh Hendry. It seems that ol' Hugh has run out of ideas so he's opted for the Schiff-Rogers-Faber-Bass Hail Mary, which is, short-Treasuries and S&P and buy gold trade.

In his most recent missive, Hendry says he "has no idea where the stock market is going to be, but he's long gold and short S&P." Just like that. That's how simple these guys make it. Some REAL investing acumen let me tell you. Ohhhh yeahhhh! Did I hear someone say, blindfolded monkey throwing darts at a dartboard? You might as well.

Hendry has become another in a long line of True Believers and this trade is their cross that they bear. For Hendry I'm sure it'll be the biggest Hail Mary of his career and we may not see him again after this, but from his remarks he seems dead set on sacrificing himself at the altar of failed Austrian economics.

Schiff and Jim Rogers and most likely Kyle Bass and Marc Fah-ber have already imploded on this position. If they haven't, personally, then their clients have for sure because they've been preaching this comically ignorant trade for years, displaying a level of cluelessness that dwarfs anything in the known economic universe. (And that's quite an achievement when you consider what's out there.)

It's no wonder why guys like Schiff, Rogers and Faber write books or sell investment advice because they clearly can't make money on their own in the markets. Remember, George Soros said that Jim Rogers was not a good investor. I submit that the luckiest thing that ever happened to Rogers was his association with Soros, but now I blame Soros for having created this jerk and putting me through the unpleasant experience of having to see his fat, bloated, face on TV or listen to his drivel whenever he makes an appearance. I get physically ill, I swear.

At least Hugh Hendry doesn't wear bowties.

What if the dollar loses its reserve status?

$54 trillion PAID BACK and counting...

Just thought I'd check in and see how much of our debt we've "paid back" so far this fiscal year. Let's see...hmmm...well, turns out it's now up to $54 TRILLION. And that was in the past 10 months.

And with absolutely no problem whatsoever. The world didn't end. Interest rates didn't spike up (they're actually at record lows...AGAIN), the dollar went up, the economy is still growing, there's no hyperinflation, gold is down, commodities are down. What else? It's all good.

What say the idiots likes Schiff, Santelli, Rogers, Faber, Paul Ryan, Simpson/Bowles, Peterson, Walker, Fox News, et al?

We don't have money? Can't pay for Social Security for our seniors? Health care? Education? Infrastructure? Basic research? Jobs for the unemployed?

What a joke. We have all the money we need and an abundance of goods and services to make and distribute. It's religion that keeps us from doing it. The proof is right here in these numbers that folks at Treasury and the Fed all understand.

Rates vs. debt...gotta love this chart!

I love this chart so much I had to post it again. Here's the Federal debt (in red, millions $) and here is the rate on the 10yr Treasury (blue).

Hey Schiff, Rogers, Kotkikoff, Rogoff, Reinhart, Greenspan, Walker, Peterson, Simpson, Bowles, and the rest of you...what's your excuse now???

Black Swan author, Nassim Taleb's, idiotic bond call

Back in 2010, "Black Swan" author, Nassim Taleb, often thought of as some market “genius,” said this:

Nassim Nicholas Taleb, author of “The Black Swan,” said “every single human being” should bet U.S. Treasury bonds will decline, citing the policies of Federal Reserve Chairman Ben S. Bernanke and the Obama administration. It’s “a no brainer” to sell short Treasuries, Taleb, a principal at Universa Investments LP in Santa Monica, California, said at a conference in Moscow today. “Every single human being should have that trade.”

This is what happens when you don't understand how things work; when you are simply wedded to a dogma and have no interest in the truth. For Taleb it was all about preaching his ideology rather than really knowing what is going on.

Taleb is not alone. You can lump Peter Schiff, Jim Rogers, Marc Faber, Kyle Bass and a boatload of others into that group. Totally, dismally, wrong, talkng their beliefs without the slightest interst in what the truth is. The epitome of dumb.

Hey Kyle Bass...how's that gold position doing?

Hey Kyle Bas...how's your gold position doing? Jimmy Rogers...how's that short Treasury position doing? Peter Schiff...how's that dollar collapse coming along?

"The only ones who got everything right were the MMT guys." -John Carney, Sr. Editor CNBC

That's us!!

And this was all predicted in my 2012 Yearly Outlook.

Hyperinflation is just around the corner...central banks are printing money...it's coming...just wait...it's almost here...you'll see...

How many times have we heard these ridiculous inflationists tell us that all the "money printing" by central banks GUARANTEES that inflation is just around the corner?

In the past four years the world's five major central banks: Fed, ECB, BOJ, SNB, BOE have "printed" over $5 TRILLION. And guess what?? Commodities and gold are collapsing.

Here's the breakdown (all figures in trillions $)

Fed 2.2
ECB 2.2
boj 0.4
boe 0.26
snb 0.3

Total = $5.36 trillion.

Not to mention the record deficits everywhere--in the U.S. Europe, Japan, etc.

Still...no inflation.

But don't worry...it's coming!

What a bunch of dopes.