Jim Rogers Tells CNBC To Change Its Name To CommoditesNBC, Sees Oil At $150, Is Short Nasdaq ETFs, Expects More Governments To Collapse

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Fri, 02/04/2011 - 12:53 | 935107 Michael
Michael's picture

17.3+ % U-6 unemployed people don't drive to work everyday, and don't tool around as much shopping for trinkets and bobbles.

Fri, 02/04/2011 - 13:08 | 935186 kengland
kengland's picture

He's tripping over his teeth? Lisping. Somethings up with his mouth

Fri, 02/04/2011 - 13:36 | 935311 sourgrapesson
sourgrapesson's picture

Loose chinese dentures

Fri, 02/04/2011 - 13:43 | 935320 66Sexy
66Sexy's picture

what's NOT getting coverage are the multi state natural gas shortages

Fri, 02/04/2011 - 13:58 | 935416 tmosley
tmosley's picture

Yup.  A colleague of mine has a second home in NM which apparently froze over when rolling blackouts in Texas caused Natural gas to NM to be shut off.  He is getting his water pipes blown out now.  Hopefully none of them burst.  

Just a tiny example.  A lot of people were put in real danger by this, not just "rich assholes" second homes (he is a very nice guy, and a liberal before those of you who hate me come out pissing all over my friend).

Fri, 02/04/2011 - 14:04 | 935456 Michael
Michael's picture

Some eco-fascists have to learn the hard way, we have global cooling now. Not necessarily your friend.

Fri, 02/04/2011 - 14:17 | 935502 Herd Redirectio...
Herd Redirection Committee's picture

No one wants to admit they have been duped. When you look around, that is what you are seeing.  Millions of people who have  a feeling something is wrong (like the movie the Matrix) but they don't know quite what it is, because admitting you believed a lie is tantamount to calling yourself stupid.  Doesn't happen every day! Whether it comes to trusting the gov't, the Fed, or the global warming 'tards, no one wants to admit to having been duped!

Any way, check out the latest from the Capital Research Institute:


Why the Fed Can't (And Won't) Raise Interest Rates

The signs of currency devaluation are all around us.  Yesterday (Feb. 4th) commodities surged.  Gold surged too. Are we really supposed to believe there is that much extra demand for commodities and gold, or their supply that restricted, that prices have been positively skyrocketing these last few months?  Of course not.  What has been happening is a devaluation in the underlying currency these commodities are priced in, the US Dollar.  Currency depreciation can be tough to spot in an environment such as the current one, as most people will look for currencies to appreciate vs other currencies.  What they are forgetting is that we live in a historic period where every nation of economic significance is involved in a no-holds-barred (currency) race to the bottom.  That means currency exchange rates may stay stable relative to each other, but not to commodities, nor to the one currency no central banker can create out of thin air, gold (and silver).

What is required to stop such runaway inflation in basic commodities?  Well, since it is being caused by devaluation of currency, the natural way to stop it would be to ‘revalue’ your currency, or in other words, make it more valuable.  In short, the USD needs to appreciate, not depreciate like it has since the crisis in 2008.  What is the easiest way to get a currency to appreciate, raising interest rates of course! So even though we clearly see conditions have arisen that naturallyare countered through an interest rate hike it is unlikely the Fed will raise rates significantly (if at all!).

Fri, 02/04/2011 - 21:14 | 936584 Buck Johnson
Buck Johnson's picture

Your correct, people can't admit that they where taken for a ride.  All those old and young people will see how bad things are and will go nuts.

Fri, 02/04/2011 - 14:10 | 935481 Michael
Michael's picture

You can't hide the real unemployment number.

The true figure is reflected in the voting booth.

Sat, 02/05/2011 - 02:03 | 936991 Freddie
Freddie's picture

Your liberal buddy voted for this.  His boy O**ma fu*ked the world.  Karma bitchez!

Fri, 02/04/2011 - 14:06 | 935463 Drag Racer
Drag Racer's picture

full spread of blowtron torpedos

Fri, 02/04/2011 - 13:46 | 935367 Larry Darrell
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Fri, 02/04/2011 - 13:50 | 935374 yabyum
yabyum's picture

I follow ZeroHedge, and trust my gut. Right wing radio assholes, not so much.

Fri, 02/04/2011 - 13:57 | 935414 Larry Darrell
Larry Darrell's picture

You have to understand the PROCESS of finding the truth.  I used to listen to Rush a lot and was plugged into the Red Vs Blue game.  After searching for the truth after the bank bailouts, I eventually ended up here.  I now understand that the Red VS Blue is a distraction.

Maybe even Rush will begin to realize the truth: that he has spent his career defending people who are the problem.  I wouldn't bet on that, but maybe some of his listeners (who don't have their entire careers on the line with this debate) will come here and come to the awakening that I have.

Fri, 02/04/2011 - 14:00 | 935426 Michael
Michael's picture

I take the black and white pill.

Fri, 02/04/2011 - 14:18 | 935507 tamboo
tamboo's picture

we're pretty much surrounded by filthy cryptojews:
rush, alex jones, glenn beck, all those delightful snl
type comedians, palin, obongo, supreme court, cabinet, congress....barf.

Fri, 02/04/2011 - 19:21 | 936389 DaveyJones
DaveyJones's picture

it's good to know you're objective :/

Fri, 02/04/2011 - 14:36 | 935584 Seer
Seer's picture

"Maybe even Rush will begin to realize the truth: that he has spent his career defending people who are the problem."

What gets me is that people believe that only one "side" is lying, and that "their" side tells the truth.

It's like this: the rich and empowered are both because they TAKE from others.  Rush, and anoyone else telling everyone what the "truth" is, isn't in business to tell us the (real) truths, for the simple reason that they'd be out of jobs (and, being the lazy fucks that they are, would have to actually work for a living!), not to mention that people can't handle the truth.  So... if anyone is listening to any of these people then please do so ONLY as entertainment!  Otherwise one has one's head in the sand, where, it has been proven, the "truth" from these folks seem to be amplified (only in the sand).

Fri, 02/04/2011 - 17:01 | 936124 Irwin Fletcher
Irwin Fletcher's picture

The rich and empowered take from others, and give to others as well. Almost everybody does. The balance of give and take may be questioned, especially if the 'give' is directed toward banksters and the 'take' is directed toward the working man, but you can't say people like Darth Blankfein and Warren Buffett are lazy fucks. And nobody who took Limbaugh seriously yesterday is going to stop taking him seriously today because they suddenly realize he's an entertainer. Small steps, Seer, but steps in the right direction.

Fri, 02/04/2011 - 14:02 | 935418 Larry Darrell
Larry Darrell's picture

Removed double post.

Fri, 02/04/2011 - 14:02 | 935446 NOTW777
NOTW777's picture

LOL so you pick and choose your truth

Fri, 02/04/2011 - 14:07 | 935466 NOTW777
NOTW777's picture

dont trust your gut

lies from the left wont help you

Fri, 02/04/2011 - 14:28 | 935550 Calmyourself
Calmyourself's picture

If you bother to do any research it will not matter where you happen to stumble across the truth.. 

Fri, 02/04/2011 - 14:39 | 935602 Seer
Seer's picture

Yup!  Party/ideological blinders will lead one over a cliff.  Diversification in all things.  There's good in everything, I aim to pick the good stuff and reject the bad stuff.

Fri, 02/04/2011 - 15:12 | 935724 tmosley
tmosley's picture

Well said.

Fri, 02/04/2011 - 13:50 | 935375 JonNadler
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what an honor for ZH

Fri, 02/04/2011 - 13:53 | 935389 Hephasteus
Hephasteus's picture


Sat, 02/05/2011 - 19:54 | 938108 The Navigator
The Navigator's picture

clenched teeth, dealing with morons.

Fri, 02/04/2011 - 13:12 | 935206 HarryWanger
HarryWanger's picture

I believe U-6 fell to 16.1% in this report.

Fri, 02/04/2011 - 13:31 | 935292 HarryWanger
HarryWanger's picture

Let's look at the actual report:

"The number of workers only able to find part time jobs (or have had their hours cut for economic reasons) declined to 8.407 million in January. 

These workers are included in the alternate measure of labor underutilization (U-6) that declined sharply to 16.1% in January from 16.7% in December."

Fri, 02/04/2011 - 14:06 | 935464 Attitude_Check
Attitude_Check's picture

Even U-6 drops off folks who haven't found work for an extended time.  If you shrink the denominator the fraction "looks better".  The real tell is the participation rate -- which is at a 26 year low.  The fewer people working (for whatever reason) the less consumption possible.  Simple math and logic really, you should try it sometime.

Fri, 02/04/2011 - 15:00 | 935683 holmes
holmes's picture

That's to be expected. Harry knew that.

Fri, 02/04/2011 - 15:11 | 935716 LowProfile
LowProfile's picture

Hey douchebag!

Every time you post unemployment propaganda, I'm going to post this http://www.shadowstats.com/alternate_data/unemployment-charts

Just in case there's a new ZH reader that hasn't caught on to the fact you are a douchbag filled with runny shit.

Fri, 02/04/2011 - 13:15 | 935226 SheepDog-One
SheepDog-One's picture

You 'believe' that Harry? Well just look at the number on the BLS website saying U6 = 17.3%.

Fri, 02/04/2011 - 13:59 | 935425 BorisTheBlade
BorisTheBlade's picture

Investment based on the belief is a bad investment, not automatically of course, but most likely. On the other hand, if one sticks to the good understanding of the physical economy, he/she would learn a lot of crucial things for its own prosperity (in this case survival). Take this one for example:

It takes 7 years for a coffee tree to mature. Orange trees, palm trees: you don't just suddenly snap your fingers and suddenly get some more palm oil. All of this takes time.

Supply-side economics, common sense, the unemployment rate may go down in the next quarter or two on the back of monetary measures, yet it won't really matter since employment generated does not produce any meaningful physical output.

Fri, 02/04/2011 - 14:20 | 935515 RmcAZ
RmcAZ's picture

Are you serious?

People make unemployment reports way too complicated. Looking at it in its simplest form, there are two factors here: Number of people (population), and people working. The number of people working compared to how many total people there are is going DOWN. How can you take this simple fact, and spin it to make it positive?


Sat, 02/05/2011 - 12:02 | 937393 DeadFred
DeadFred's picture

The number of workers per household climbed steadily for years as Mom and Dad both got into the rat race to pay the mortgage on their overpriced MacMansion and buy more and fancier baubles 'cause that was the meaning of life then.  The PolyAnna side of me hopes this economic restructuring were going through will at least help a few people out of that hollow lifestyle.  That's the possible good spin.  The undeniable down side is that bauble sales will drop.

Fri, 02/04/2011 - 14:47 | 935626 Seer
Seer's picture

A better measure is how difficult of a time people are having feeding themselves.


What good would FULL employment be if people couldn't afford to eat?  I'm guessing that "employment" during periods of slavery (not like it's vanaished) was pretty high.  Employment numbers are meaningless.

Fri, 02/04/2011 - 13:12 | 935207 Michael
Michael's picture

And hookers too.

Fri, 02/04/2011 - 13:54 | 935359 pan-the-ist
pan-the-ist's picture

Here's another contrarian outlook:  Poor people (in the USA) already have access to too much cheap food.  All this will do make them eat less.  It will probably be good for them.

Fri, 02/04/2011 - 14:32 | 935573 Calmyourself
Calmyourself's picture

Hope your pipes freeze..

Fri, 02/04/2011 - 15:30 | 935789 Dr. Porkchop
Dr. Porkchop's picture

People in the US suffer from malnutrition not starvation. Overeating a lot of shitty cheap food is malnutrition too. It costs more to real food, unless you can put down a garden.

Fri, 02/04/2011 - 15:48 | 935845 ibjamming
ibjamming's picture

So why don't we do that?  Stop the SNAP cards and give them a place for a garden.  I've seen the HUD housing...the gardens can go where the playgrounds are now...when you're poor...should you really have time for play?  It's a life lesson...  This way they work (better health) and they eat better (better health), so they won't have to go to the emergency room as often.  Win win to me...what's the problem?


I'm tired of fat lazy fucks living off everyone else.

Fri, 02/04/2011 - 16:19 | 935976 Flakmeister
Flakmeister's picture

  For shits and giggles, add up all the corporate welfare in the budget and add up all the real welfare, SNAP etc..., now normalize for the number of people involved. The results might surprise you....

Fri, 02/04/2011 - 20:10 | 936487 naughtius maximus
naughtius maximus's picture

Aw can't you spare a dime for AIG who is just down on his luck?

Fri, 02/04/2011 - 14:08 | 935472 Michael
Michael's picture

You can't hide the real unemployment number.

The true figure is reflected in the voting booth.

Fri, 02/04/2011 - 14:50 | 935642 Seer
Seer's picture

You've now repeated this.  I could interpret this in several ways, but would like to get your elaboration.

Fri, 02/04/2011 - 14:15 | 935493 chistletoe
chistletoe's picture

au contraire.


7 million households have been through foreclosure

and now they are  living in their cars and running the engine all night just for heat ....

gasoline demand in the USA is hitting all-time highs ...

just look at the numbers ....

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