Jim Rogers: The Federal Reserve Is A Pawn Shop (CLIP)

Note:  Flashback from last Fall for those who missed it the first time around...

Video - Jim Rogers

"We have Bernanke who is running the Federal Reserve who does not know what he is doing.  We have a very serious problem on our hands and it's gotten much much worse.  The man is taking $400 billion on to the Federal Reserve balance sheets -- of dicey loans, bad debt.  I mean he is turning the Federal Reserve into a pawn shop.  You have something bad that you cannot sell, take it to the Federal Reserve. He'll lend you treasury bonds against it.  Some day somebody has to pay for this and you know who this somebody is -- my little girl, you, me.  I mean it's gonna be the American taxpayer that's gonna have to pay for this.  And it's gonna cause many many many more problems for the American economy for all of us."

MUST SEE:  Gentle Jim Rogers brings the Asian Pain upon Geithner...

---

Comments

[DailyBail]

Spanish police close public beach for Michelle Obama's £250,000 Spanish holiday

Read more: http://www.dailymail.co.uk/news/worldnews/article-1300852/Spanish-police-close-public-beach-Michelle-Obamas-250k-Spanish-holiday.html#ixzz0vrsDnot2

[DailyBail]

Bio-Bug: Car run on human waste is launched

A car that runs on methane gas produced by human waste has been launched and its makers claim drivers cannot tell the difference.

http://www.telegraph.co.uk/motoring/news/7929191/Bio-Bug-Car-run-on-human-waste-is-launched.html

[DailyBail]

Jobs Picture Worsens With 131,000 Losses; 9.5% Rate

http://www.cnbc.com/id/38590746

[DailyBail]

An August Surprise from Obama?

http://blogs.reuters.com/james-pethokoukis/2010/08/05/an-august-surprise-from-obama/

[DailyBail]

http://treas.gov/press/releases/tg814.htm

August 4, 2010
TG-814

Secretary Geithner Remarks as Prepared for Delivery at Center For American Progress

[DailyBail]

Cyclists Said to Back Claims That Armstrong Doped

http://www.nytimes.com/2010/08/05/sports/cycling/05armstrong.html?_r=2&hp

[DailyBail]

http://www.thedailybeast.com/blogs-and-stories/2010-08-04/warren-buffett-bill-gates-and-the-billionaire-giving-pledge/?cid=bs:featured2

Some 40 philanthropists worth a combined $230 billion are publicly pledging to give away their fortunes. Donors talk to Benjamin Sarlin about the secret meeting that started the movement—and the pact’s surprising absences.

[DailyBail]

The Housing Market Is On The Cliffs Of Insanity

http://www.businessinsider.com/the-cliffs-of-insanity-a-view-on-the-housing-market-2010-8

[Z]

Nouveau Riche Michelle Obama est Tres Gauche en Espagne

http://www.youtube.com/watch?v=B2Ncw2TAbLE

[Z]

America Rising: An Open Letter to Democrat Politicians

http://www.youtube.com/watch?v=s0bh77k2Wdk&feature=related

[Benny and the Talibanks]

By democrat politicians, I'm sure you also mean George W. Bush, Henry "Commi" Paulson, Benjamin "Helicopter" Bernanke, and Alan "The Money Maker" Greenspan.

[Ken]

Wall Street Dirty Secrets
http://www.youtube.com/watch?v=HGAXCmg-_Vc
http://www.youtube.com/watch?v=tNiTANt8m4Y&feature=channel

[Z]

Benny...watch the clip.

[Z]

Obamacare for a Select Few will look like this...

Chicago Sun Times to the rescue...http://www.suntimes.com/news/sweet/2578614,CST-NWS-sweet09.article

So why did Mrs. Obama go to Spain at this time? She's not tone-deaf politically. What was behind the "mother-daughter" vacation?

A White House source told me that Blanchard's father passed away and Mrs. Obama was not able to make the funeral at the beginning of July. Blanchard had promised her daughter she would take her to Spain for her birthday. She asked Mrs. Obama and Sasha to come with. (Malia is at overnight camp.)

"She felt it was important as a dear friend to do this," I was told.

ISN'T THAT JUST GREAT, UMMM, FOR THEM. Is this what Obamacare will look like, vacations with best friends if you miss a funeral???

ALSO...ON THE BIRTHER FRONTLINES...
She vacationed with two women, one of them a longtime Chicago pal, Anita Blanchard, who is the obstetrician who delivered Sasha and Malia.

SO...WE NOW KNOW WHO DELIVERED SASHA AND MALIA BUT STILL DON'T KNOW WHO DELIVERED BARACK AND WHERE...MAYBE WE COULD OFFER BARACK AND HIS FRIENDS A TRIP TO SPAIN FOR THE ANSWER TO THAT QUESTION...OH...HE GETS TO DO WHATEVER HE WANTS ON OUR DIME WITHOUT TELLING US WHY HE IS A FRAUD...OH WELL.

[Z]

DB...

Looks like Kennybot is laughing at you again. He again has promised to leave and not come back, ha. That is the 70th time I think.

Take a look at his post above...

[DailyBail]

the trip to spain was a HUGE mistake for Obama politically...even if he stayed home michelle travelled...obama has no shot in 2012...it would take an economic miracle and there are no signs it's coming...so again, we need to make sure the gop nominee is willing to set dc on fire, metaphorically...otherwise we'll get 4 more years of war and talk about deficits with no meaningful change...

[Z]

Where did that comment go???

[Z]

http://www.youtube.com/watch?v=rm81LSKJC2k

[Z]

Boring...how...Army gags officer challenging Obama eligibility
http://www.wnd.com/?pageId=188649

Boring...At the conclusion of the arraignment, Lakin was ordered not to speak with the press and was taken back to Reed under military escort, surprising and disturbing a civilian lawyer who has been working on his case.

Boring...The 18-year Army veteran, decorated multiple times, is facing court-martial where, if convicted, he could get up to four years of hard labor in prison and be dismissed from the military.

He has risked his freedom for YOU!!!

[Z]

Hey DB...Did you catch Karl Rove taking over for Rush toda? It is well worth a listen. Maybe Newt will pick Rove as his VP. Wouldn't that be great.

[DailyBail]

rove is as bad as rahm emmanuel...2 completely political beings...

[Z]

God only knows why they were drawn to politics?

[DailyBail]

z...that's my big gripe...we need people drawn to POLICY not politics...individuals willing to work together to end the washington spending machine...not thugs who like to argue and fight about politics while the taxpayer gets raped...

[john]

Michelle went to Spain? There has been a lot of behind the scenes work with the Regional Greenhouse Gas Initiative (RGGI) and Iberdrola. In other words Spain and Wallstreet are about to get a "bailout" from ratepayers in the Northeast and Atlantic Canada. Coming soon to locations everywhere.

[john]

Supreme Court: Is US Unfairly Hiding Behind State-Secrets Privilege?

http://www.truth-out.org/supreme-court-is-us-unfairly-hiding-behind-state-secrets-privilege66927

[snip]

Washington - The US Supreme Court on Tuesday takes up a case examining whether the government properly invoked the state-secrets privilege to dismiss a civil lawsuit in a multibillion dollar defense contract dispute.
The case is being closely followed because it could result in the high court clarifying the scope of the executive branch’s power to side-step the court system whenever officials claim sensitive national security information is at risk.

[DailyBail]

565,000 unsold completed homes, 290,000 in construction, 360,000 in the work stops. The housing slowdown has mapped surreal in Spain. Urban design of vacant lots, vacant blocks and residential halfway. Although people live there. Very little. This is his story.

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=es&tl=en&u=http://www.elpais.com/articulo/portada/vivo/solo/elpeputec/20110116elpepspor_9/Tes

[Zoolander]

Great post john, keep up the good work.