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 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.

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.