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Jim Rogers Sees Devastating Stagflation, Would Quit If He Was A Bond Portfolio Manager

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Fri, 10/14/2011 - 19:08 | 1775660 spiral_eyes
spiral_eyes's picture

US treasuries are the biggest bubble in history. All the mainstream financial press talking about gold being a bubble at $1900 and then they look at the ten year yield and it's less than 2%. Hahahaha.


Fri, 10/14/2011 - 19:12 | 1775673 Haywood Jablowme
Haywood Jablowme's picture

Start working on those push-ups boys & girls.  Weeza headin' for the big war!


Fri, 10/14/2011 - 19:28 | 1775722 dlmaniac
dlmaniac's picture

"USTreasury = return free risk". / Jim Grant.

Fri, 10/14/2011 - 19:50 | 1775778 DavidC
DavidC's picture

I had to read that twice...but priceless!


Fri, 10/14/2011 - 21:24 | 1775979 redpill
redpill's picture

"the Federal Reserve has more money than most of us"

Come on Jim, you know better than that. They MAKE the money, they have more "money" than anyone the universe has ever known.

Of course, money does not always have value, and many times it has none.

Sat, 10/15/2011 - 11:00 | 1776843 ratso
ratso's picture

Rogers = Crammer = Roubini = Farber - it's all about them all the time. They're always right and they are always sure.  It's actually all about the fact that they are self centered media hounds who are more about entertainment than info or insight.  

Booooo to all of them all the time. GET OFF THE AIR.

Sun, 10/16/2011 - 16:25 | 1779286 BigJim
BigJim's picture

Much as I hugely respect Jim Rogers, it seems to me that shorting US treasuries is an end-of-the world trade, and, not just that, but the wrong end-of-the-world trade.

When the Fed finally allows yields to rise, it will be because they have lost control, and it will be because the USD is completely cooked. When you finally cash out your UST short, your profit will be in genuinely worthless paper.

PMs are a better bet - they will continue to rise in terms of fiat as the end-of-the-world approaches, and still be worth something after it happens.

Of course, when I say 'end-of-the-world', I mean a relatively controlled collapse, not Mad Max or The Road.

Fri, 10/14/2011 - 21:31 | 1775990 Zero Govt
Zero Govt's picture

Big Jim is right of course ...Ben 'Bubbles' Bernanke has been blowing hard for 3 years now.. all that huffing and puffing and all he's managed to do is kick the can down the road on the day of reckoning for the bankrupt crooks of Wall Street and the corrupt clowns of Washington

Bubbles Bernanke is a counterfeit wealth fraud wrapped up in a corrupt monopoly attached to financial criminals and complicit in elite anarchy 

'Rich' that Raja-learned-at-goldman got jailed for insider dealing not 3 weeks after Ben 'Bubbles' Bernanke took down Gold and rigged the price driving a horse and coaches through every piece of insider trading and market fixing Law on statute

Where are the Retards.. sorry, Regulators?

Sat, 10/15/2011 - 00:03 | 1776293 AldousHuxley
AldousHuxley's picture

Manhattan upper east side had enough of curry.


See how Kashikari TARP is Indian, Raja is Indianish, Rajat Gupta of McKinsey is Indian? New money newbies forgot to bribe the right folks and got caught stealing.


Look for attacks on China next as US wages currency war.


It is all corrupt at the top so no tears here.

Sat, 10/15/2011 - 05:53 | 1776577 BigDuke6
BigDuke6's picture

Matt Taibbi calls Alan Greenspan a “one in a billion asshole” and convincingly argues that he is “the key to understanding this generation’s financial disaster”.

Greenspan’s adherence to Randian free market extremism led to two decades of loose monetary policy that inflated a succession of bubbles, culminating in the US housing and credit bubble that collapsed in 2007.

He also colluded with the President of Citibank, Sandy Weill, to get the Glass-Steagall Act repealed in 1999, freeing the commercial banks to move into investment banking and trading in their own right.

1982 to 2007 saw a vast expansion of credit, including a blow-off in the final five years that saw credit expand at triple the normal rate, thanks largely to the innovation of 'sub-prime loans' packaged into fraudulent instruments with the connivance of ratings agencies and sold to investors rather than retained on bank balance sheets.

Looking back, it’s plain that this period was not 'normal'.

Ben Shalom is just the latest incarnation.

Sat, 10/15/2011 - 08:11 | 1776666 Dental Floss Tycoon
Dental Floss Tycoon's picture

"Greenspan’s adherence to Randian free market extremism led to two decades of loose monetary policy that inflated a succession of bubbles, culminating in the US housing and credit bubble that collapsed in 2007."

Total bull shit!  There is/was nothing free about our markets.  It is all about market manipulation and fraud.

There was nothing "Randian" about the Greenspan put.

Sat, 10/15/2011 - 22:37 | 1778172 trembo slice
trembo slice's picture

if you read Greenspan's article "Gold and Economic Freedom" you would retract your statement.  If he actually had stuck to "Randian" "free-market" principles we never would have had the housing bubble.  

sound money is the answer, and Greenspan is as free-market as George Bush and Barrack Obama.  Just cause he wrote something one day, doesn't mean his policies were in line with that philosophy which he abandoned.  Fuck Greenspan. 

Sun, 10/16/2011 - 16:05 | 1779250 BigJim
BigJim's picture

Central banks are a 'Randian' cornerstone, are they?


Sun, 10/16/2011 - 06:53 | 1777273 ToNYC
ToNYC's picture


The luxury of Time is not afforded the corporate pimco; compromised by $$ADD$$

IPs make real IP.

Fri, 10/14/2011 - 22:27 | 1776106 navy62802
navy62802's picture

Ain't no such thing.

Fri, 10/14/2011 - 22:23 | 1776101 caerus
caerus's picture

jim's right...problem is no one has any patience anymore...look forward to see him proven correct yet again

Fri, 10/14/2011 - 22:25 | 1776104 covert
covert's picture

this could be a great time to short bonds, especially govt.



Sat, 10/15/2011 - 10:06 | 1776763 MrBinkeyWhat
MrBinkeyWhat's picture

"You have the watches...We have the time." Taliban dude

Fri, 10/14/2011 - 19:10 | 1775668 moskov
moskov's picture

Occupy Wall St and USA checked

Occupy Canada checked

Occupy London checked

Occupy Paris checked

Occupy Taipei and Hong Kong checked

Occupy Seoul checked

Occupy Milano checked

Occupy Madrid checked

Occupy Mumbai checked



Bye bye bankers!

Fri, 10/14/2011 - 19:47 | 1775775 gringo28
gringo28's picture

occupy uranus

Fri, 10/14/2011 - 20:11 | 1775815 akak
akak's picture

Before or after Bernanke and Wall Street are finished with it?

Fri, 10/14/2011 - 21:06 | 1775940 Praetor
Praetor's picture

The Klingons are.

Sun, 10/16/2011 - 02:45 | 1778408 BorisTheBlade
BorisTheBlade's picture

And Klendathu

Fri, 10/14/2011 - 20:15 | 1775829 BillyBoy22
BillyBoy22's picture

Occupy Beij.... (thump)

Fri, 10/14/2011 - 20:51 | 1775900 Biosci
Biosci's picture

Hey is that a sni...

Fri, 10/14/2011 - 21:18 | 1775969 TuesdayBen
TuesdayBen's picture

You mean over there on the roo

Fri, 10/14/2011 - 20:54 | 1775911 metalsman22
metalsman22's picture

Occupy Tiaw... (thump)

Fri, 10/14/2011 - 21:10 | 1775948 philgramm
philgramm's picture

Occupy Pyongy..............eeek  :(

Sun, 10/16/2011 - 07:59 | 1778540 TheFourthStooge-ing
TheFourthStooge-ing's picture

Occupy Rangoo..........oops!


Fri, 10/14/2011 - 21:30 | 1775992 Griffin
Griffin's picture

Mass protest world wide


Sat, 10/15/2011 - 08:28 | 1776680 Dental Floss Tycoon
Dental Floss Tycoon's picture

Wow that's today and I didn't get the memo.

I was thinking the 5th of November . . . .or was that just for the gunpowder?


Sat, 10/15/2011 - 07:02 | 1776622 Solid
Solid's picture

It's more than the bankers that will go bye bye if they succeed.
You better educate yourself on what Occupy Wall Street is. Communist mother fuckers and useful idiots as the protesters.

Fri, 10/14/2011 - 19:10 | 1775669 Seasmoke
Seasmoke's picture

owning silver has never been more obvious than it is today

Fri, 10/14/2011 - 19:21 | 1775701 spiral_eyes
spiral_eyes's picture

$32 an ounce too! VERY cheap.

Fri, 10/14/2011 - 19:35 | 1775741 I think I need ...
I think I need to buy a gun's picture

apmex let me know my latest order was NOW BACKORDERED

Fri, 10/14/2011 - 19:43 | 1775767 Josh Randall
Josh Randall's picture

Gainesville has Silver bars 75 cents over spot right now

Fri, 10/14/2011 - 20:10 | 1775814 krispkritter
krispkritter's picture

Just picked up another order with them this week...love walking out the door with a heavy bag in my hand...

Fri, 10/14/2011 - 22:09 | 1776080 EINSILVERGUY

Yep bought some at 31.00  2 weeks ago during the dip. 3 week wait and should be here next week and coin show the follwoing week. Time for more of the PM"s



Fri, 10/14/2011 - 19:40 | 1775755 Yamaha
Yamaha's picture

Look at the charts!  Silver sucks when compared to GOLD...

Fri, 10/14/2011 - 20:03 | 1775802 Gene8696
Gene8696's picture

I have been trying to, but can't find a good online charting site or App that will let me overlay them for 5yrs. Recommend one?

Fri, 10/14/2011 - 20:34 | 1775862 Yamaha
Yamaha's picture

On the left hand column on ZH. Jessie's Cafe Americana. Best I have seen.

Sat, 10/15/2011 - 00:13 | 1776306 baten
Sat, 10/15/2011 - 00:26 | 1776326 John_Coltrane
John_Coltrane's picture

Use Big Charts.  Here's the URL for the GLD vs SLV co-plot you're wondering about:


Bottom Line:  Both up about 170% over the last 5 years.  That GLD:SLV ratio is quite constant over long periods-silver flucuates more-gold is very steady.  But over short periods one can easily outperform the other as you will see.  Make sure you you cut and paste that whopper URL though.

Sat, 10/15/2011 - 03:52 | 1776487 css1971
css1971's picture

Now overlay the gold/silver ratio and the S&P 500.


Sat, 10/15/2011 - 07:16 | 1776628 Gene8696
Gene8696's picture

Super... Just what I needed. Tx

Fri, 10/14/2011 - 22:57 | 1776172 tmosley
tmosley's picture

The OI figures are the most bullish they have been since 2003.  Yet no upward movement.  Seems like things are falling apart over there.

Sat, 10/15/2011 - 08:34 | 1776686 Dental Floss Tycoon
Dental Floss Tycoon's picture

@yamaha "Silver sucks when compared to GOLD..."

It doesn't suck.  It's on SALE!  Buy it while you can.

Fri, 10/14/2011 - 19:11 | 1775671 mynhair
mynhair's picture

Rogers should just quit.  S&P is headed to 1400!

Damn bears still think fundementals matter.

Fri, 10/14/2011 - 19:25 | 1775713 MFL8240
MFL8240's picture

Lets see, Rogers is worth a few Billion and you are worth nothing.  I think I will go with him and fuck U to all the idiots.

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