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Jim Rogers Cautions "Be Prepared, Be Worried, And Be Careful... This Is Going To End Badly"

Tyler Durden's picture




 

"Eventually, the whole world is going to collapse," Jim Rogers chides a disquieted CBC anchor as he explains the reality that, "we in the West have staggering debts. The United States is the largest debtor nation in the history of the world," adding that "this is going to end badly."

However, the co-founder of Soros' Quantum fund is convinced that the commodity super-cycle is far from over, but driven by supply constraints (and cost increases) as opposed to demand from higher growth. The following interview provides more color on his commodity view as he re-iterates his bullish stance on Ag (with sugar a focus) and Natural Gas (some harsh natural realities coming), warning "don't get too excited about fracking," when he talks energy products.

Rogers, in his inimitable way, sums up the state iof euphoria that many markets find themselves in thus, "we are all floating around on a sea of artificial liquidity right now. This is not going to last."

 

On the end of the commodity super-cycle:

Commodities have pulled back, but I would remind you that in all bull markets there are periods of correction.

 

In 1987 – during the great bull market in stocks – stocks went down 40 to 80 per cent around the world; again in 1989, 1990, 1994, etc. Every time people said the bull market’s over, but it wasn’t. I think that’s what’s happening with commodities now.”

On the next crisis:

"2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits...

 

debt has gone through the roof, the next one's gonna be really bad"

His final words:

"Be prepared, be worried, and be careful"

 

 

 

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Wed, 12/04/2013 - 21:45 | 4216010 The Gooch
The Gooch's picture

Me know math.

 

 

Wed, 12/04/2013 - 21:56 | 4216052 Supernova Born
Supernova Born's picture

Once it ends it will finally be over.

Wed, 12/04/2013 - 22:31 | 4216107 hedgeless_horseman
hedgeless_horseman's picture

 

 

In The Sermon on the Mount (Matthew: chapters 5, 6, and 7) Jesus tells us to not worry. 

Apparently, Jesus was, is, and shall always be a bull.

http://www.biblegateway.com/passage/?search=Matthew%205&version=NIV 

Wed, 12/04/2013 - 22:50 | 4216217 Buckaroo Banzai
Buckaroo Banzai's picture

Jesus is indeed the ultimate bull; but he is not bullish about this world, but the next one.

36 Jesus answered: My kingdom is not of this world. If my kingdom were of this world, my servants would certainly strive that I should not be delivered to the Jews: but now my kingdom is not from hence.
--John 18:36

Thu, 12/05/2013 - 00:04 | 4216446 markmotive
markmotive's picture

If China's growth slows (or is slowing) what does that mean for the commodities super-cycle?

http://www.planbeconomics.com/2013/07/jim-rogers-on-commodities-agricult...

Thu, 12/05/2013 - 00:27 | 4216528 bunzbunzbunz
bunzbunzbunz's picture

It means bitcoin will go to 1 Million!!!!! Get some free before it does!!!! http://freebitco.in/?r=25727 !!!!!

Thu, 12/05/2013 - 03:21 | 4216774 BKbroiler
BKbroiler's picture

"Eventually, the whole world is going to collapse," 

I like that there's respected investors talking like this.  I think it means we're nearing the end, but it won't be during O's term.  The ultimate irony is that he, champion of the poor and great redistributor, will end up having made the top 1% richer than any republican could ever dream of.

Thu, 12/05/2013 - 10:25 | 4217377 Rafferty
Rafferty's picture

Obama didn't DO anything.  He's a stuffed shirt, an autocue reader, a dummy with the banksters' hand up his ass.

Thu, 12/05/2013 - 12:23 | 4217755 LosOsos
LosOsos's picture

A dummy with the banksters' hand up his ass

 

You sir just inspired some street art

Thu, 12/05/2013 - 12:29 | 4217780 vxpatel
vxpatel's picture

What exactly has Obummer done for the poor, or for wealth redistribution? The rich are richer, far richer, under him.

Thu, 12/05/2013 - 02:40 | 4216744 BringOnTheAsteroid
BringOnTheAsteroid's picture

Exellent, let's get about destroying this world, all the christians want this right? Jesus said so, the earth is not not his kingdom. Christians want to be with jesus right, so if the earth is destroyed doesn't really matter.

I think this all sounds good on paper until fire and brimstone is raining down hell on all the christisans children whose flesh is being burnt from their very bones and they scream in agony until their voice box ruptures and the parents look on with that calm smile knowing that jesus awaits with open arms.

 Doesn't really add up does it.

Thu, 12/05/2013 - 05:35 | 4216866 quasimodo
quasimodo's picture

Yes, that is the utopian ending that all Christians strive for lol. 

FYI there are many Christians that are excellent stewards of the earth.

Thu, 12/05/2013 - 08:29 | 4217102 General Decline
General Decline's picture

"my servants would certainly strive that I should not be delivered to the Jews"

 

Wait just a minute... was Jesus an anti semite???

 

Tylers: Do the right thing and ban Jesus from ZH immediately.

Thu, 12/05/2013 - 14:40 | 4218427 Redhotfill
Redhotfill's picture

When Jesus is banned will he be sitting next to Francis Sawyer?

 

Save Ferris...  I mean Save Francis!

Wed, 12/04/2013 - 23:25 | 4216327 threeputting
threeputting's picture

Do we really need to know every time Jim Rogers utters this exact same phrase to yet another reporter?

I swear this must be the 50th post in recent months about this exact same statement from Rogers.

Wed, 12/04/2013 - 23:41 | 4216384 rbg81
rbg81's picture

The thing about commodities is that they will always have inherent value--they will never be worth zero.  Can't say that about fiat currency.

Thu, 12/05/2013 - 02:03 | 4216710 Againstthelie
Againstthelie's picture

True, but do never underestimate the power of a collapsing credit bubble.

In 1929 US farmers were burning down the fields, because the prices were so low, that the harvest would have been more expensive than to burn it.

We could see this again and in that (maybe very short) time you need cash to buy while all others are FORCED to sell.

Thu, 12/05/2013 - 14:05 | 4218244 August
August's picture

>>In 1929 US farmers were burning down the fields, because the prices were so low....

Before commerical refrigeration, flocks of New Zealand sheep were at times driven off of cliffs after shearing; the meat wasn't worth the cost of butchering.

Thu, 12/05/2013 - 21:22 | 4219983 Againstthelie
Againstthelie's picture

OMG how awful.

The human species is the worst of all.

Wed, 12/04/2013 - 23:42 | 4216386 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Yeah, but how many farmers are there under 56?  

 

I don't think Rogers has said anything at all knew in about four years.  Gotta give him props for saying that gold was due for a big correction a few years back though.  

Thu, 12/05/2013 - 02:03 | 4216693 Againstthelie
Againstthelie's picture

edited - wrong place

Thu, 12/05/2013 - 00:34 | 4216549 buttmint
buttmint's picture

ThreePutt....you got it! And we also have to hear Rogers explain for the 75th time that his daughters are learning Mandarin---and that we are not with it! Hhahahaha!

The guy is a broken clock, correct twice a day. Rogers is doing all the interviews to pay for the tuition bills for his daughters in Singapore. Must be nice....

Thu, 12/05/2013 - 02:01 | 4216704 Againstthelie
Againstthelie's picture

Do you prefer the Soros, Bernankes and Krugmans talking beautifully but saying nothing?

Rogers was correct about the correction in Gold, while everyone was bullish. He warned about India's Gold restrictions while nobody even cared about it.

While everyone is saying that China's boom is over, Rogers explains with simple words, why this isn't the case.

And if you would have listened carefully, he even gives you a few indicators why the shale gas/oil boom is not as great and will probably not last that long as everyone believes.

Do not underestimate Rogers, only because he speaks a direct, simple and honest language nd does not change his opinion from interview to interview!

This interview is a gem and you don't recognize it...

Thu, 12/05/2013 - 04:34 | 4216815 johngerard
johngerard's picture

I'd say Rogers must be worth $400m, so he doesn't need to worry about paying tuition fees.

Thu, 12/05/2013 - 04:47 | 4216828 thestarl
thestarl's picture

Can you blame him though?All these talking heads who interview him seem to be in total denial like the party can go on forever.

Thu, 12/05/2013 - 08:45 | 4217132 Oldwood
Oldwood's picture

Those that continually and vocally warn us are the cranks, the fools. I rememeber that old crank Perot. What the fuck do he know?

The only people who's opinion matters are those that continually warn us of disaster while simultaneously offering us solutions that only require the relief of wealth and freedoms from someone other than ourselves.

Thu, 12/05/2013 - 04:54 | 4216834 mrdenis
mrdenis's picture

didn't Rose Louise Hovick say that once .........

Wed, 12/04/2013 - 21:46 | 4216022 Prairie Dog
Prairie Dog's picture

Yawn. "The United States is the largest debtor nation in the history of the world." No it isn't. 

The world will struggle through, as it always does.

Yes, there will be crashes. Yes, there will be recessions. Yes, there will always be charlatans, snake-oil salesmen and frauds talking their book. The world will survive them all.




Wed, 12/04/2013 - 21:57 | 4216058 Global Hunter
Global Hunter's picture

PD, what countries have had larger debts? 

Wed, 12/04/2013 - 22:39 | 4216180 ForTheWorld
ForTheWorld's picture

If he's talking about Public Debt to GDP, then Japan, Greece, Italy, Portugal and Ireland take the top 5 spots.

If he's talking External Debt to GDP, then Ireland, UK, Portugal, Greece and France are the top 5 there.

Personally, I think they're just nice ways of hiding the real problem - they're broke.

Wed, 12/04/2013 - 22:51 | 4216222 Buckaroo Banzai
Buckaroo Banzai's picture

If you are talking gross volume of debt.... WE'RE NUMBER ONE!!!

Wed, 12/04/2013 - 22:58 | 4216253 Prairie Dog
Prairie Dog's picture

Gross volume of debt means nothing. Any who is remotely numerate knows that

 

Wed, 12/04/2013 - 23:23 | 4216319 Buckaroo Banzai
Buckaroo Banzai's picture

Well that's a stupid comment.

Wed, 12/04/2013 - 23:48 | 4216399 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Its cute how he doesn't understand Jim's words, gets corrected, and then insults those who corrected him.  Being on the internet is like getting into a minor traffic altercation.  Something about being in a car makes it impossible to admit your being a dumbass and just move on.

Thu, 12/05/2013 - 01:33 | 4216677 Prairie Dog
Prairie Dog's picture

Love it! I give you a plus vote!

Singapore, bitches! Free-duhm!

 

Fri, 12/06/2013 - 04:48 | 4220690 sylviasays
sylviasays's picture

moar free-duhmness from prairie dog 

Thu, 12/05/2013 - 07:38 | 4216989 TahoeBilly2012
TahoeBilly2012's picture

Actually this isn't a stupid commen at all. What matters is per capita, not total debt number. People always scream about the dollar failing as reserve currency, this is likely true, but show how many dollars exist per american versus Euros per euro citizen. In other words, whats the per capita existence of dollars if a mass repatriation hits? 

Thu, 12/05/2013 - 19:03 | 4219470 Prairie Dog
Prairie Dog's picture

What matters is that there are two sides to a balance sheet. If you say America is the biggest debtor nation in history without also acknowledging that America is the biggest and richest economy in history, you are not making a useful contribution to the debate. Me know math too!

Fri, 12/06/2013 - 04:59 | 4220694 sylviasays
sylviasays's picture

America was the biggest and richest economy in history until the neo-marxist fascist left took control of it 

 

Thu, 12/05/2013 - 04:36 | 4216817 thestarl
thestarl's picture

To make it worse all those countries are net energy importers

Wed, 12/04/2013 - 22:53 | 4216224 MythicalFish
MythicalFish's picture

GH, on paper, Germany was more "indebted" after WW1. Cannot say it ended well though..

 

http://en.wikipedia.org/wiki/World_War_I_reparations

 

Wed, 12/04/2013 - 22:54 | 4216233 Jump The Shark
Jump The Shark's picture

None, although most fiat has failed far before this I'm sure.

Thu, 12/05/2013 - 00:58 | 4216614 Prairie Dog
Prairie Dog's picture

Which country has a larger economy? One measure is meaningless without the other. That's math!

Thu, 12/05/2013 - 00:29 | 4216535 yofish
yofish's picture

Gave you your only up. Double down dog.

Thu, 12/05/2013 - 08:54 | 4217142 Oldwood
Oldwood's picture

This isn't about money. Money doesn't even exist in reality. The issue is the use of crisis to remove freedom and liberty for the sake of security. At this rate rate we will all be living in cages before long and they won't be gilded either. For those who seem to think the game will continue much as it has in recent past, really aren't paying attention. Things can get very very bad without too much effort. I do believe there are many who hope and wish for some form of collapse but I do not think they want what may actually come, as it benefits no one. It can go medieval very quickly, with no easy recovery.What can collapse in days can take decades to recover from, if ever.

Wed, 12/04/2013 - 21:52 | 4216039 starman
starman's picture

Two things my fellow ZHers there are sheep and sheep herders !
Hedge accordingly I feel it's gonna be a very cold winter!

Wed, 12/04/2013 - 21:52 | 4216042 Atomizer
Atomizer's picture

It won't go well for the Central Planners. 

Wed, 12/04/2013 - 22:26 | 4216048 Conman
Conman's picture

Is Jim going halfsies with Marc Faber on that tank and machine gun?

Wed, 12/04/2013 - 21:55 | 4216050 screw face
screw face's picture

to end badly...coming soon

 

no hedging...

Wed, 12/04/2013 - 21:59 | 4216070 Global Hunter
Global Hunter's picture

Spent the afternoon and early evening stacking some fantastic firewood, I'm not worried tonight.  Amanda Lange needs to lay off the surgery and botox she used to be a very good looking lady 10 years ago and I just wanted to punch her in those stupid lips.  Why do women to pay money to make themselves look like deformed special needs cartoon characters?

Wed, 12/04/2013 - 22:11 | 4216098 Supernova Born
Supernova Born's picture

Much like the economy, initially surgery "seems" to improve things. However, as the results crack and slide you begin to look simply ghastly. Ever more surgery is required to simply look Joan Rivers like. Only death ends the ever increasing whorl of surgical insanity. There is no "graceful aging" once nature's natural course is interrupted.

Wed, 12/04/2013 - 22:17 | 4216113 Global Hunter
Global Hunter's picture

Joan Rivers and Bruce Jenner have a lot more in common with central banking/planning than I had previously thought.

Wed, 12/04/2013 - 23:40 | 4216380 StychoKiller
StychoKiller's picture

Ever see the movie "Brazil"?

Thu, 12/05/2013 - 00:30 | 4216533 jimmytorpedo
jimmytorpedo's picture

"Complications with my complications."

Thu, 12/05/2013 - 04:10 | 4216802 Seeking Aphids
Seeking Aphids's picture

What an amazingly graphic analogy for QE...........

Thu, 12/05/2013 - 03:54 | 4216796 Seer
Seer's picture

Sigh, I spent some time unstacking some not-so-great firewood- moved it up to the porch (cheated- used the tractor).  However, I was eyeing the great stuff that I'll have for next season: last year's haul was contained a lot of old downed stuff.

Main reason for responding was the second part of your comment, about women and surgery (thank god my wife has not or ever will have the need), reminded me of this scene from the movie Bazil (actually, there's another one of Sam's mother that's also good):

http://movieclips.com/k9Bhx-brazil-movie-my-complication-had-a-little-co...

I think that Michael Jackson's surgeries takes/took the cake.

Wed, 12/04/2013 - 22:01 | 4216077 STG5IVE
STG5IVE's picture

Why didn't they just interview Ed The Sock?

Wed, 12/04/2013 - 22:08 | 4216099 Global Hunter
Global Hunter's picture

bypass the interviewer and have him do it from Speakers Corner.

Wed, 12/04/2013 - 22:03 | 4216079 Confundido
Confundido's picture

Here's where I think Rogers is wrong. He says that when liquidity collapses, commodities will fall. Well, not if the collapse comes from the repudiation of that which backs same liquidity, namely, US sovereign debt. IF and ONLY IF that collapse is triggered by the repudiation of sovereign debt, commodities -gold of course- will rally. Rogers goes by induction. He thinks in terms of previous collapses: real estate or dotcom.

Wed, 12/04/2013 - 22:07 | 4216096 Confundido
Confundido's picture

By the way, the signal that such collapse would be coming would be a drop in bank deposits. Therefore, as long as you see bizarre things like the ECB considering negative deposit rates, you have to be SHORT gold.

Wed, 12/04/2013 - 22:33 | 4216157 CrashisOptimistic
CrashisOptimistic's picture

Sigh.

Guys, stop this.  Money is not real.  It's 1's and 0's in a machine.  If a bunch of numbers on a computer are about to cause 15 million deaths, and all it takes to stop that is to change those numbers by govt decree -- then why would you think they cannot be changed?

The Fed has somethiing like X Trillion in excess reserves on deposit.  If that "fact" was about to kill millions, why on Earth do you think that X Trillion can't be erased via button press? 

It's meaningless.  It's not calories.  It's not joules.  You can change those money numbers via command.  You can't pass a law and tell an ear of corn to hold more calories.  But you can pass a law and tell some people who held bonds that they don't anymore, as was done to GM holders.

So stop the collapse talk.  Collapse will arrive, but it won't have anything to do with money.

 

Wed, 12/04/2013 - 22:54 | 4216236 diesheepledie
diesheepledie's picture

Yes. As you said the money part can be fixed at the stroke of a pen. But what is real, is the failure of infrastructure, such as electrical grids and fresh water supplies. Sufficient food for the unproductive masses so that they don't become flesh eating zombie hordes. These things depend on net positive production; constructive expenditure of human energy. When the useless eaters run out of free shit, and when the productive class refuse to keep them going even at the point of a gun. That's when we have the collapse.

Wed, 12/04/2013 - 23:47 | 4216400 StychoKiller
StychoKiller's picture

If no one can trust the FRN$ to be worth something, how is the local Power Co. gonna buy the fuel to generate electricity?  Multiply that question by millions of transactions...

Fri, 12/06/2013 - 11:54 | 4221420 flapdoodle
flapdoodle's picture

Well, yes and no. Certainly those in power can by decree change whatever it is *they* define as money.

The problem is this: "money" is only a shared illusion. Even gold is only valuable because people share the meme that this shiny metal that doesn't rust is worth something.

Modern finance is a really complicated game, made so on purpose to make sleight of hand easier to pull off against the marks. If the marks start to get suspicious, all bets are off - the collapse can be instantaneous.

Let TPTB change whatever they want - but if they do, they risk bringing down the illusion since changing one characteristic will probably affect another with unexpected consequences on yet another characteristic. The whole illusion is unlikely to survive intact even with lots of propaganda and hype. If the marks get scared and stop spending, then another part of the totering edifice will distort, and the whole mental machine that is modern economics falls apart.

The TPTB will then have to start a war to kill of the marks that have figured it out, and fill their minds with enough horrors to forget what went on before the collapse, so they can kite version 2.0

Thu, 12/05/2013 - 04:04 | 4216798 Seer
Seer's picture

Where are the "consumers" to actually buy commodities?  At some point folks just won't have the money to buy what they've bought in the past; and yes, there are "new consumers" in China, though this will NOT offset the declines from the rest of the world.

Prices WILL go up, but they'll only go up as a last ditch effort to shore up margins.  Eventually the loss of volume will kill economies of scale: and we get economies of scale in reverse, which will clobber margins.

Wed, 12/04/2013 - 22:02 | 4216081 beavertails
beavertails's picture

If it's gonna end, spend your last days in BANGKOCK

Wed, 12/04/2013 - 22:07 | 4216094 DebtSlaveZombie
DebtSlaveZombie's picture

In the famous words of louis ck "We're gonna pay hard for this shit man...but until then Weeeeeeeeeeeeeeeee!!!!!!!!!"

Wed, 12/04/2013 - 22:13 | 4216109 Constitutional ...
Constitutional Republic's picture

Gotta love the 3 wise men who live their values instead of just talk:

Jim Rogers, Jim Sinclair and James Turk.

In no particular order. True equals among the sane and savvy.

Wed, 12/04/2013 - 22:58 | 4216246 Prairie Dog
Prairie Dog's picture

live their values? Jim Rogers lives in Singapore, with its socialist single-payer (and highly efficient and cost-effective) health care system, nanny-state government and severe restrictions on free speech.

you appear remarkably ill-informed

you've been sold a puppy by all those crypto-libertarian hard money advocates telling you how democratic governments are the enemy of freedom. these people are all bankrolled by feudal billionaires. open your eyes

 

Wed, 12/04/2013 - 23:19 | 4216308 BigJim
BigJim's picture

Yes, I'm sure Jim Rogers uses the Singaporean Health care system extensively.

I'll say one thing for the Singaporean government - they aren't stomping their jackboots all over the world killing hundreds of thousands of people in the name of 'freedom'.

Wed, 12/04/2013 - 23:39 | 4216374 Prairie Dog
Prairie Dog's picture

So socialized medicine is ok as long as you're not forced to use it? HEY ZEROHEDGIES, THERE'S A SOCIALIST ON YOUR MESSAGE BOARDS!!!

Wed, 12/04/2013 - 23:59 | 4216420 BigJim
BigJim's picture

You accused Jim Rogers of not living his values because Singapore has a socialised health care system. I pointed out that he doesn't use it, therefore, you cannot use it as an example of him not living his values.

NOW do you understand?

Are you Flakmeister's dumber sister?

Thu, 12/05/2013 - 00:09 | 4216460 Prairie Dog
Prairie Dog's picture

I think you duh wun who don unnerstand. Of all the places in the world where this (self-proclaimed) freedom-loving billionaire could go to live, he chooses not the land of the free, home of the brave etc, nor even any Western democracy, but the repressive, autocratic, paternal-socialistic enclave of Singapore.

I prescribe freedom and hard money for you over there, but meanwhile I choose to live here. And libertarian lapdogs like you fawn at his feet while imagining yourselves to be free-thinkers. He's a HYPOCRITE. And you are FEUDAL SLAVES.

 

Thu, 12/05/2013 - 00:16 | 4216486 BigJim
BigJim's picture

LOL, how is he a hypocrite? Is it him who's forcing repression or autocracy on the Singaporeans? Oh? He's not? He's just living there?

The Singaporeans, who have one of the lowest government spending/GDP ratios in the developed world, pay far lower taxes than the people in 'the land of the free, home of the brave'. High taxes, ie, having your shit taken at gunpoint - now THAT really is being a FEUDAL SLAVE (note caps for super-convincing effect).

Thu, 12/05/2013 - 00:55 | 4216609 Prairie Dog
Prairie Dog's picture

You've convinced me. I now realise that Jimbo's choice to live under one of the world's most intrusive autocratic governments and his extensive praise of another repressive autocracy and one of the world's last surviving communist dictatorships (China) is in no way inconsistent with his commitment to freedom. Thanks for enlightening me. I'm voting Ron Paul in 2016.

PS. Perhaps if the US had a single-payer health system, taxes would be lower there too? After all, Singaporeans pay less for their world-class health care system than Americans pay in administration costs for their substandard system.

 

Thu, 12/05/2013 - 01:03 | 4216637 Prairie Dog
Prairie Dog's picture

OK, I'm not really going to vote Ron Paul - because I'm British and I live in Asia. Ha ha ha!

Thu, 12/05/2013 - 07:24 | 4216959 samcontrol
samcontrol's picture

cool, stay there.

Thu, 12/05/2013 - 07:38 | 4216985 The Wedge
The Wedge's picture

 

You wouldn't know a world class health care system if it gave you proctorial exam. On average, single payer countries pay more in TAXES for their health care and get sub standard care. For instance, a Canadian family of 4 will pay around $12,000 a year. More than what they would pay with private insurance. But to be fair I know nothing of Singapore's system, nor do I care because it's not an accurate comparison. It's a tiny island with a GDP of 330 billion.

"Perhaps if the US had a single-payer health system, taxes would be lower there too"? Spare us the non sense. That is laughable.

But please regale us with tails of the medical advancements that the UK has made in the last...well ever. Or any other single payer system. You're welcome for enjoying all the advancements in medicine. And if you were to get cancer, you would find that your survivability would be much greater in the US. And your treatment would greatly depend on your age and general health. Here's a pill old chap, off you go. At least for a while longer as they're bringing the US down to UK standards maybe even worse.

And by the way, The Republic of Singapore is not China. And Mr. Roger's has stated many times why he chooses to live and do business in Singapore. The US gov is crazy and Singapore is business friendly. Translated they're more capitalistic than the US.

Thu, 12/05/2013 - 09:26 | 4217199 Prairie Dog
Prairie Dog's picture

It's all in the stats if you care to look. US has vastly higher costs than any other developed country and delivers worse outcomes over an array of measures. Quite simply, the US has the worst health care system in the developed world and everyone knows it - except Americans, who have mostly never been abroad and imagine they are living in paradise (unless they happen to be one of the 50 million uninsured).

Uncle Jimbo speaks extensively of his love and admiration for China. You know why? Because it's "business friendly" - that is, they tell the common folk to shut the fuck up and carry on working, and if they don't they ship them off to labour camps or black jails. That's free-duhm, billionaire-style. Learn something about the world.

Thu, 12/05/2013 - 10:44 | 4217428 The Wedge
The Wedge's picture

 

 

I have looked at the stats. Health care costs are vastly inflated due in large part to gov. Medicare, Medicaid, whenever gov puts an arbitrary value on a product or service, adds useless paperwork, the results are of course distorted markets and inflated prices. Private insurance, until Obamacare, was cheaper than large single payer nations PERIOD. You're conflating the two. And the US still has the best health care system in the world, at least for a little while longer. They are currently in the process of destroying it. And we have something other countries don't have and that's universal health care. No one is denied care at any hospital in the US by law. Hell, you don't even have to be a citizen to get the greatest health care in the world.

But you've been bathed in non sense about the NHS your whole life and don't realize most of the medical advances from the 20th century came from the US and...and...and, wait for it...the private sector at that. That's all coming to an end. So not only are we getting the shaft with Obamacare, so will you. HAHA.

"that is, they tell the common folk to shut the fuck up and carry on working, and if they don't they ship them off to labour camps or black jails". That's just idiotic quasi socialist rhetoric. I get it, you blame everyone but China for how their people are treated. Yep, that's Jim Rogers fault. And he has a lot of money so he must be the devil. Oh, that's right, your British and are quite comfortable with the state's cock in your ass. That's the real freedom isn't it.

Thu, 12/05/2013 - 11:16 | 4217537 Prairie Dog
Prairie Dog's picture

You live in a fantasy world. You need to get out and about a bit. You will never know the way things really are in the world until you take your head out of wherever you get your distorted facts from and go and look with your own eyes. I've lived all over the world. I haven't lived in Europe for more than twenty years, though I visit frequently. Trust me, there is not a single developed country in the world that would exchange its health care system for that of America. Most of the world looks on your health care system with a mixture of horror and pity. Yes it is true that you will be treated if you present yourself at a hospital - but you will also be bankrupted if you don't have insurance.

What you say about medical science simply shows that you live in a bubble of your own making. Have you ever heard of penicillin? I'm embarrassed for you.

However much the state's cock is up the British people's ass, it's not half so big nor half so far up as the Singapore state's cock. Yet the man you worship, Mr hard-money libertarian Jim Rogers, chooses to live there. What does that say to you? What does that say about America? Do you not see a slight contradiction here?

You misunderstand my point about China. China has a nasty autocratic government that abuses human rights and represses freedom. For that, I blame nobody but the Chinese government. But nor do I praise China's government. Guess who does, regularly? Jim Rogers.

Thu, 12/05/2013 - 16:49 | 4218961 BigJim
BigJim's picture

 However much the state's cock is up the British people's ass, it's not half so big nor half so far up as the Singapore state's cock. Yet the man you worship, Mr hard-money libertarian Jim Rogers, chooses to live there.

If you think 'the State's cock' would be less further up Jim Roger's ass in Britain, you're out of your tiny mind. Why do you think he's chosen to live in Singapore in the first place, dolt?

You misunderstand my point about China. China has a nasty autocratic government that abuses human rights and represses freedom. For that, I blame nobody but the Chinese government. But nor do I praise China's government. Guess who does, regularly? Jim Rogers.

I have only ever heard Jim Rogers praise China's government for becoming less autocratic - eg., intervening less in the economy. You seem to forget what they used to be like. Give us a concrete example of Jim Rogers praising China's government for its autocracy and human rights abuses. Just one fucking example, sophist.

Oh! You can't? Quelle fucking suprise.

Thu, 12/05/2013 - 10:56 | 4217481 Dr. Bonzo
Dr. Bonzo's picture

LMFAO. Intrusive? You've never been outside the country have you? Have you even BEEN to Singapore? You apparently don't have a fucking clue what you're babbling about.

Ooooooooh wait, no, I get it. You're talking about all those stories about Singaporean SWAT teams busting down doors looking for drugs all over the place... and that massive Singaporean intelligence collection effort basically downloading the entire fucking internet... and allllll those Singaporean military excursions across half the globe for the last 50 years overthrowing governments hither and yon and defense spending gobbling up more than the next 30-countries' military spending combined and that MASSIVE Singaporean incarceration rate. THAT Singapore. Oooooooh.

Yeah. Spot on.

LMFAO.

In fact, next week when I fly down there I'm gonna stroll through customs in 2 minutes without being interrogated on every stamp in my passport and have my bags tossed like I'm Bin Laden hisself, go get shitfaced in public and maybe bang a few hookers in a tribute to the Singaporean Orwellian state. If one of the girls happens to ask me my name I'll jus say, "They call me Prairie Dawg, baby."

Intrusive autocratic states..... LMFAO.

Thu, 12/05/2013 - 01:00 | 4216629 yofish
yofish's picture

Like, you did not refute anything the OP said but instead make word sausage. I do get your point of Rogers not wanting to pay taxes. I will wager that Mr. Rogers will scuttle back 'home' if and when the shit really hits the fan, of course, all full of himself like all blowhards always are. Fuck the guy, really. See, no caps required.

Wed, 12/04/2013 - 23:54 | 4216409 ForWhomTheTollBuilds
ForWhomTheTollBuilds's picture

Wrong answer, BigJim.  You should have said, "There is no socialized medicine in Signapore".

 

Then he would have said, "OH OHHHH!" and linked an NYT article discussing socialized medicine in Signapore. 

 

Then you say, "care to cite a reputable source?"  and so on and so on until the process is no longer amusing.

Wed, 12/04/2013 - 23:59 | 4216426 BigJim
BigJim's picture

Thanks for the tip.

Thu, 12/05/2013 - 00:44 | 4216581 yofish
yofish's picture

Shit man, two ups in one night. Crpto-libertarian! I have friends on Adak that fit that title. Hate Gov. but Gov. doesn't do enough for their 'special' circumstance. 

Thu, 12/05/2013 - 16:52 | 4218970 BigJim
BigJim's picture

Yeah, I can well imagine your friends would be two-faced hypocrites.

Wed, 12/04/2013 - 23:18 | 4216303 BigJim
BigJim's picture

 Jim Rogers, Jim Sinclair and James Turk.

You can't go wrong with a Christian name like that!

Thu, 12/05/2013 - 00:34 | 4216551 jimmytorpedo
jimmytorpedo's picture

Hear hear for the Jims!

aw darn, I should have used all caps,...

Wed, 12/04/2013 - 22:18 | 4216119 garypaul
garypaul's picture

That woman has incredible lips :)

Wed, 12/04/2013 - 22:39 | 4216177 ebworthen
ebworthen's picture

The first Woman, or the second ("Amanda")?

The introductory broad has some fine lips, and moves them expertly.

The lips on Amanda who inteviewed Jim Rogers aren't bad, but not quite as full or animated.

Wed, 12/04/2013 - 22:20 | 4216124 frankTHE COIN
frankTHE COIN's picture

when I read " Market Wizards " when it was first printed, I paid careful attention to what Mr Rodgers said about the Japanese Bubble and the Carnage that would follow. it was Amazing that he was right about 14 of the 15 warnings he gave.

Wed, 12/04/2013 - 22:36 | 4216168 CrashisOptimistic
CrashisOptimistic's picture

What carnage?  Did I miss 5 million deaths in Japan?

People have their face smashed in, that's carnage.  People see pensions delayed or cut, that's not carnage.

Thu, 12/05/2013 - 04:13 | 4216805 Seer
Seer's picture

Apparently people are not getting what you're saying here.

To help I'll refer to what Dr. Albert Bartlett says about "issues vs. problems."  He says that "issues" are things that can be readily dealt with while "problems" are life-threatening.

To be sure, most of what is discussed tends to be around "issues," in which case "carnage" is a bit of an overstretch.  "Carnage" is what we recently saw occur in the Philippines; hardly on par with someone losing while gambling in the "markets."

Wed, 12/04/2013 - 22:35 | 4216162 ebworthen
ebworthen's picture

Rogers consistently talks about food and agriculture.

The biggest house of cards humanity has ever built is the move to mechanized, herbicide'ed, and fertilized food production post WWII - all dependent upon petroleum (oil) to increase productivity to support the burgeoning populations.

Combined with the monoculture  and GMO's of modern seed programs it is the most dangerous high ledge the species has ever ascended to.

Thu, 12/05/2013 - 00:20 | 4216495 yofish
yofish's picture

Bull shit.

Thu, 12/05/2013 - 01:10 | 4216655 ebworthen
ebworthen's picture

Really?

Ever seen a production per acre chart from 1900-2000?

Post WWII when mechanization, chemical fertilization, and herbicide usage began in earnest production per acre tripled or quadrupled.

With the advent of selective breeding, monoculture, and genetically engineered crops designed for production versus natural health or resistance to diseases and pests the productivity increased even more.

Only problem being that all of those gains are dependent upon petroleum; petroleum for the machinery, the fertilizer production, and the herbicides/pesticides, and gas/diesel powered pumps to pump the water.

Add to that the increasing amount of petroleum required to transport, store, process, and take to market the crops themselves.

Not to mention the increased energy for cooking the food in the microwave since a great many people can't cook anymore (and the packaging as well - and the freezing/refrigeration).  Electric energy but energy none-the-less.

I'm telling you, it is a house of cards of many dimensions; energy, genetics, transport, storage, processing, and preperation.  Most cities have 3-4 days supply of food because of "just in time" inventory.  A gigantic house of cards.

Thu, 12/05/2013 - 02:01 | 4216707 yofish
yofish's picture

Bull shit. This is my point: like just about everyone here you are a 'sky is falling' poster. I've stated many times here, I was all for the sky was collapsing upon me 40 years ago and it hasn't. My guess is you will spend the next 40 discovering what I did. Your song is not new, more clever or as inticing now than it was 40 years ago. This does not separate me from certain obviously realities, however. I know that you and I could agree on some of those but the drama is too much for me. Hair on fire produces no solutions. To use the tawdry phrase: old and tired hippie been there and done that. I've spent more time in bullshit land than the average slob. 

Thu, 12/05/2013 - 02:28 | 4216730 ebworthen
ebworthen's picture

Fair enough, I am open to the idea, I have been wrong before.

The sky is not falling and my hair is not burning; I am simply observing the physical constraints of the current system, the trend, and noting the danger.

Perhaps we will find a way.  To me the physical constraints and changes in behavior point to a very dangerous peak in production and high consumption limited by the base resource utilized (petroleum).

Maybe I'm wrong, maybe a new generation of farmers will come along, maybe solar or wind will power what is needed while some individuals revert to animal power and traditional propagation of seed crops that have resistance to pests.  Perhaps.

I still see a large thinning of the world population and tragedy along the lines of the potato famine of Europe in the mid-1800's, but I could be wrong.

Thu, 12/05/2013 - 04:38 | 4216819 Seer
Seer's picture

The sooner we understand what "finite planet" means the sooner that we can find a "solution."  Sadly, however, it always comes down to the mother of all dilemmas- how to support life AND limit it; since we'll never manage this it WILL come down to relying on "nature" to take care of it for us.

Thu, 12/05/2013 - 10:25 | 4217379 kurt
kurt's picture

can tampons be recycled?

Thu, 12/05/2013 - 04:34 | 4216816 Seer
Seer's picture

If one has never before been diagnosed with cancer then one will never get cancer?

One need only look at declining top soils, polluted and depleting water sources to see what otherwise one does NOT want to see.  We've only compounded the problem- entropy eventually wins out (and the further from nature's mechanisms we get the bigger the snap back will eventually be).

The big push into chemical farming was brought to you by the masters of war: http://www.livinghistoryfarm.org/farminginthe40s/crops_04.html  The masters of war are great at death, great at killing things in soils as well.

http://www.wakingtimes.com/2013/08/12/scientists-discover-that-plants-co...

And I suppose talking about the importance of the dung beettle would be too "hippie" for you as well...

Thu, 12/05/2013 - 04:38 | 4216818 ebworthen
ebworthen's picture

Hey, thanks for that Seer, cool stuff.

Plants also communicate through the air via the release of pheromones from their stomata.

We ignore and thumb our noses at Mother Nature to our peril.

Thu, 12/05/2013 - 08:09 | 4217061 Tall Tom
Tall Tom's picture

It is called the Normalcy Bias. yofish has a belief that things will return to Normal. He lived 40 Years ago. Well so did I live 40 years ago.

 

The question comes down to one of the Standard of Living. Has our Standard of Living changed in the past 40 Years? Yes it has. It has become actually become much BETTER. It has dramatically IMPROVED. That is his experience. He knows nothing else and is operating from his anecdotal viewpoint.

 

What he fails to understand is that our Standard of Living has become better at, as of yet, an unrealized cost. We have been postponing the payment of Debts Accrued which are responsible for the increase of our Standard of Living over the past 40 Years.

 

Sooner or later we will have to pay off that debt. We cannot accrue debt forever.

 

Now I am not just writing about Financial Debt. I am writing about the Water Table Debt in the Midwestern Breadbasket States. I am also writing about all Natural Resource Debt. If one borrows from the Bank, or borrows from the environment, and it is not replaced, then the resource becomes depleted.

 

Some resources are renewable. Others are not. The Midwestern Underground aqueducts can be replenished by not pumping as much water for plant irrigation. However the Fossil Fuels cannot be replenished. Thus the water table will be replenished when we run out of Energy to fuel the pumps. That, of course, will deplete harvest yields.

 

Sooner or later you will get a regression to the Norm. When that corrects to the Norm, at first the Correction will generally overshoot the Norm to the Negative. It will be miserable. We will be living well below are means in order to balance the books. There is just no way out. Natural Laws demand balance. The Laws of Thermodynamics attest to this. In Layman's Terms...You cannot win. (Energy cannot be created or destroyed). You cannot break even. (Entropy)

 

You can delay the affects but at a substantial cost. An airplane seems to negate the laws of gravity but it is at a substantial cost. As long as the Aircraft has FUEL it can stay aloft for long periods of time. But once that Plane runs out of fuel it crashes if it is not brought in for a controlled landing., But the Normal State of that aircraft is to be on the ground. Even the Orbits of Spacecraft decay and they end burning up through the re entry into the Earth's atmosphere. It is Natural Law.

 

But living well above our means has become "Normal" to him. Thus he believes, rather erroneously, that it is normal to live beyond our means.

 

The Day of Reckoning approaches. We cannot continue unabated growth in a resource restricted environment. It is unsustainable. It can happen today. It may take Two or Three Years from today. But you can be assured that it will happen.

 

Those with the Normalcy Bias will suffer a great shock. In some cases that shock will be fatal. Those souls whom are convinced through their Normalcy Bias haven't much hope. I am very sad about that.

 

But it is the FUCKING MATH. Exponential Growth leads to Exponential Collapse. That is how Cancer kills Biological Forms. Well our way of life, our society, is also an organization, an organism. It was alive and vibrant at one time. Now it is old, diseased and dying. Like all life forms it is also subject to death. It is just the Natural Order.

Thu, 12/05/2013 - 10:24 | 4217374 kurt
kurt's picture

yo fish or

Blowfish

 

Swells up big when frightened appears too big to swallow to predators, spikey too, all thorny-like a horny toad, yup.

Wed, 12/04/2013 - 22:39 | 4216176 TheRideNeverEnds
TheRideNeverEnds's picture

Yea I'll be careful alright, to not spend all the money I am making in one place as I sell puts in SPX with reckless abandon to the fools that think this market will ever go down.  

 

I wonder what he will be saying next year as we trade through 2000 on our way to 5000?

 

 

Wed, 12/04/2013 - 22:42 | 4216188 geotrader
geotrader's picture

There is no Plan B.  Jim clearly doesn't understand the lengths we have gone through......

 

 

 

Wed, 12/04/2013 - 22:54 | 4216235 mobydick
mobydick's picture

In reply to her question “What is a financial crisis?” Jamie Dimon told his daughter it’s just something we have to have every 5 to 7 years.
We should have had another one already, but central banks have flooded the world with oceans of cheap money to make damn sure that we don’t, because the next one, thanks to the Quadrillion plus dollars of derivatives out there will finally do it: Armageddon. Blow the world to hell. No coming back.
Let us not forget that the Fed was formed to promote and serve banks (See The Creature from Jekyll Island by G Edward Griffin).
The sin in all this is that no-one wants to face up to it, wrap their minds around it, because it is a fate too horrible to contemplate.

 

Thu, 12/05/2013 - 04:46 | 4216825 Seer
Seer's picture

I think that the Fed is just another one of the many control mechanisms that the "chosen ones" come up with from time to time.

The "sin" is that we cannot wrap our minds around the concept that there cannot be perpetual growth on a finite planet.  As long as we accept otherwise then the longer the "chosen ones" can continue to sell us lies (that enslave us).

Wed, 12/04/2013 - 23:34 | 4216364 Notarocketscientist
Notarocketscientist's picture

He is 100% right re Fracking:

 

Scientists Wary of Shale Oil and Gas as U.S. Energy Salvation

Hughes sums up: "Tight oil is an important contributor to the U.S. energy supply, but its long-term sustainability is questionable. It should be not be viewed as a panacea for business as usual in future U.S. energy security planning."

http://www.sciencedaily.com/releases/2013/10/131028141516.htm

 

 

U.S. Shale-Oil Boom May Not Last as Fracking Wells Lack Staying Power

“I look at shale as more of a retirement party than a revolution,” says Art Berman, a petroleum geologist who spent 20 years with what was then Amoco and now runs his own firm, Labyrinth Consulting Services, in Sugar Land, Tex. “It’s the last gasp.”

http://www.businessweek.com/articles/2013-10-10/u-dot-s-dot-shale-oil-boom-may-not-last-as-fracking-wells-lack-staying-power

 

THE FRACKING PONZI SCHEME

Robert Ayres, a scientist and professor at the Paris-based INSEAD business school, wrote recently that a "mini-bubble" is being inflated by shale gas enthusiasts. “Drilling for oil in the U.S. in 2012 was at the rate of 25,000 new wells per year, just to keep output at the same level as it was in the year 2000, when only 5,000 wells were drilled."  http://www.forbes.com/sites/insead/2013/05/08/shale-oil-and-gas-the-contrarian-view/

 

Why America's Shale Oil Boom Could End Sooner Than You Think

http://www.forbes.com/sites/christopherhelman/2013/06/13/why-americas-shale-oil-boom-could-end-sooner-than-you-think/

 

FRACKING WILL CREATE AN ECONOMIC CRISIS

Overinflated industry claims could pull the rug out from optimistic growth forecasts within just five years.  A report released in March by the Berlin-based Energy Watch Group (EWG) concluded that: "... world oil production has not increased anymore but has entered a plateau since about 2005."  Crude oil production was "already in slight decline since about 2008."   

http://www.guardian.co.uk/environment/earth-insight/2013/jun/21/shale-gas-peak-oil-economic-crisis 

 

Thu, 12/05/2013 - 02:13 | 4216721 yofish
yofish's picture

Here in AK, SD oil development is paraded as to why we should be giving more to the OILCO's plea that they are being bled here. 

Thu, 12/05/2013 - 04:53 | 4216833 Seer
Seer's picture

"its long-term sustainability is questionable"

Could we perhaps ask how ANYTHING's sustainability is possible long-term if it's rate of consumption exceeds its regenerative capabilities?

Wed, 12/04/2013 - 23:59 | 4216427 Joenobody12
Joenobody12's picture

"Eventually, the whole world is going to collapse,"

Be prepared, be worried, and be careful"

That is just great advice. How the hell do you prepare for the world to collapse. Migrate to Mars I suppose.

Thu, 12/05/2013 - 02:40 | 4216742 Non Passaran
Non Passaran's picture

#getcovered I suppose?

Thu, 12/05/2013 - 05:00 | 4216836 Seer
Seer's picture

He's speaking in terms of the global economy, not planetary implosion: though, it very much might feel like the physical world is collapsing.

"How the hell do you prepare for the world to collapse."

I just purchased a couple of axes.  At my age I'm not looking forward to having to use them, but should it come that I cannot purchase fuel for my chainsaws then it'll have to be axes.

I think it was Winston Churchill who once stated that sometimes one has to do what's necessary...  If one doesn't understand what is necessary then one really can't "prepare"...

Thu, 12/05/2013 - 07:28 | 4216967 samcontrol
samcontrol's picture

Personally, i have a long list of shit neighbors i will use as my personal shop..

Thu, 12/05/2013 - 10:15 | 4217346 kurt
kurt's picture

Thanks neighbor. NSA note this interchange. One of us is a bad actor who needs to be on a list.

Thu, 12/05/2013 - 00:24 | 4216505 yofish
yofish's picture

Another day, and the parade begins of squirrels trotted out as if they had new news. Over and over and over again. 

Thu, 12/05/2013 - 05:09 | 4216846 Seer
Seer's picture

And yet you feel compelled to post here... "Over and over and over again."

Thu, 12/05/2013 - 00:26 | 4216524 yofish
yofish's picture

Jim Rogers and Donald Duck walked into a bar....And no one could tell who was the quacker.   

Thu, 12/05/2013 - 00:36 | 4216559 shutdown
shutdown's picture

The best way to know when it's over is when you look outside and see it's over. could be any time.

Thu, 12/05/2013 - 02:08 | 4216714 zerodolla
zerodolla's picture

You wait until 2015 or 2016 when the next crisis hits...

This post quotes him as saying "2014 or 2015"

Not saying it was intentional or anything, I would just like Tyler to not misquote things.

Thu, 12/05/2013 - 03:15 | 4216766 U4 eee aaa
U4 eee aaa's picture

Quickly rising to broken record status

Thu, 12/05/2013 - 05:03 | 4216826 AGoldhamster
AGoldhamster's picture

KWN and Turk and Sprott and Sinclair and zillion others ....

ZH and Jim Rogers and Hugh Hendry and Marc Faber and zillion others ...

I give a shit on all of them ... as they are all one-trick ponies.

As what is that advice worth once SnP hits 2500 or 3000???

Of course at some point they will (have) be(een) right - but what is such an advise worth if you see an index double within a year or two - and you have been careful all the time ???

IMHO it's all worthless.

Hugh Hendry got it - maybe a bit late - but that's the point: Indices are trending and strongly trending. Either you get that - or you are a stubbornly stupid and blind sheeple to follow all the doomsayers (and their promotors!) while they are all dead wrong since 4 years in a row now. Losing money in fighting a trend which is supported by all major CBs.

Forget Rogers, Faber and all those perma gold bulls ... at least right now.

There will be a time to change that course - of course - but NOT YET. Go with the flow. But with money flow and not promotors flow. Go with those who have it right - and dismiss those who have it constantly wrong.

Beware listening to those who are telling you 24x7x52 one single mantra: "Gold is undervalued and accordingly a buy - Indices are overvalued and accordingly a sell".

Eventually, the whole world is going to collapse

Fighting against all major CBs of the world - LMAO.

Yes we may see a - healthy - 10-15% correction starting somewhen very late 2013 or early 2014/Q1 - eventually (!) - just to move even higher thereafter.

Disclaimer: Long indices and short gold. At least for one or two more weeks.

Time and charts will tell the truth - and not Jim Rogers nor Faber nor ZH.

Thu, 12/05/2013 - 05:06 | 4216844 Seer
Seer's picture

I don't much care for talking-heads.  That's not to say that they cannot present meaningful information.

I suppose that one could laugh one's ass off all the way up until one finds out one is left holding the bag...

Thu, 12/05/2013 - 10:14 | 4217333 kurt
kurt's picture

"To infinity and beyond!"

Thu, 12/05/2013 - 05:18 | 4216854 Debugas
Debugas's picture

one thing is sure - current debts are not repayable and so will have to be liquidated either by inflating them out or by simply writing them off

my bet is governmental debts will be inflated out (printing money to buy bonds) and household debts will be written off (you keep paying your mortage until eventually you lose your job and then declare bankruptcy)

Thu, 12/05/2013 - 07:53 | 4216944 Peter Pan
Peter Pan's picture

The US can pay off its debt by printing one last time as a result of which it will clear its debt and destroy its currency.

After that it will have to print a new currency and probably be obliged to pay real money or goods on delivery for the purchase of any overseas goods and services.

The debt will be resolved one way or another. What is at issue is what kind of a workable system do they bring in after the bust that will enable sustainable exchange.

Thu, 12/05/2013 - 07:48 | 4217010 esum
esum's picture

markets/commodities go up... markets/commodities go down 

what he is saying is that government has almost pushed the swing over the top... 

Thu, 12/05/2013 - 08:26 | 4217095 sink critically
sink critically's picture

Deterioration topics regardless of their differences in claims of acceleration made no sense to me for a long time. Why would the ptb want everything in shambles, ever? Greed and incompetence, even when out of control cannot begin to encompass the enormity of the problems caused, ignored, addressed in minor symptoms only, increased through lack of root cause analysis, etc...

And then the clouds parted, and the sun shined through for one brief enlightening moment.

The goal IS to increase human suffering to the greatest degree possible. Using that as the base assumption causes every other trend, limit, tax, law, custom, etc... to fall squarely into place.

Hedge accordingly.

Thu, 12/05/2013 - 10:15 | 4217344 Lin S
Lin S's picture

Because they're moral degenerates, perverts, and Satanists.  They don't think rationally, or in a moral way at all.  They cannot be reasoned with.

Thu, 12/05/2013 - 10:28 | 4217388 TrulyStupid
TrulyStupid's picture

For the sake of efficiency you could have just called them Satanists who are allegedly both perverts and degenerates.

Your argument fails though if there is no such thing as Satan. I can tell that your favorite movie is The Terminator.

Thu, 12/05/2013 - 12:18 | 4217725 Lin S
Lin S's picture

My favorite movie is Blade Runner, actually.  Final Cut.

Thu, 12/05/2013 - 08:43 | 4217111 The Burning Planet
The Burning Planet's picture

Good video. I'm glad to hear Rogers put a spotlight on the Fracking con game. He put it very succintly. The production curves on frack wells is abysmal. They fall off dramatically after one or two years. Still a sizeable percentage of people here on ZH who don't get that, or simply refuse to acknowledge this point.

Thu, 12/05/2013 - 10:09 | 4217320 kurt
kurt's picture

Someday this truth will be known: frack holes are dumping grounds for deadly chemicals. 

Thu, 12/05/2013 - 19:38 | 4219632 goldenbuddha454
goldenbuddha454's picture

I'm surprised he would say such a thing

 

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