MUST SEE: How Jim Rogers Would Run The Government (Bernanke Won't Like This Clip)

Video:  Judge Andrew Napolitano with Jimmy Rogers, Freedom Watch -- Aired Sep. 11, 2010

Brand new clip.  Awesome performance.

• "Those guys in Washington are just worried about the next election.  They are worried to make sure that they stick around.  They are worried about getting their next paycheck, not whether the country survives."

• "I would tell Obama to cut spending so dramatically that it would make people's ears burn.  If I were running things, we would take an axe to all spending, we could cut taxes.  We would let the American people decide what to do with their money."

• "You've got to cut spending, cut taxes AND you've got to get rid of the Federal Reserve who keeps printing money and running up big debts."

Previously from Mr. Rogers:

• Jim Rogers: "Pay The Bankers And Regulators In Toxic Waste And Make Them Trade In Their Lamborghinis For Taxis"

• Gentle Jim Rogers Brings The Asian Pain in Bloomberg Public Beatdown of Treasury Knob Geithner; Rogers Goes Old-School with Texas Pile Driver

• Jim Rogers: "Let Fannie & Freddie Go Bankrupt!"

• Jim Rogers On The Stock Market Crash: "It's Just The Beginning Of The Correction"

• Jim Rogers: The Federal Reserve Is A Pawn Shop

• HILARIOUS: Jim Rogers Calls CNBC A Public Relations Agency For Stocks While On CNBC

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Screenshot

New clip.  Awesome performance.

Comments

[DailyBail]

The speed at which house prices fall over the next few months could depend less on mortgage rates and Americans' appetite for home buying than on how banks decide to manage the huge number of foreclosed homes they own or may take from delinquent borrowers in the near future.

Unlike home owners, banks often are much quicker to slash prices to unload properties quickly.

The upshot is that, the more homes being sold by lenders, the faster prices tend to fall. That pattern was clear over the past two years: Price declines that began four years ago accelerated rapidly in 2008 as banks dumped foreclosed properties at fire-sale prices. By January 2009, the share of distressed sales had soared to 45% of all sales nationally; it was even higher in hard-hit markets such as Phoenix, according to analysts at Barclays Capital.

http://online.wsj.com/article/SB10001424052748704505804575483844277697242.html?mod=patrick.net#printModeAd

Excellent article...

[DailyBail]

Praise for Basel, With Caveats

Some Hail Measures as Improvement on Status Quo; Others See Continued Risk

http://online.wsj.com/article/SB10001424052748704190704575490181969997638.html?mod=WSJ_newsreel_business

[DailyBail]

Hindsight on Risky Mortgage Products

http://washingtonindependent.com/97243/hindsight-on-risky-mortgage-products?source=patrick.net#singleStory

[DailyBail]

JPMorgan analysts bearish on housing recovery

http://www.housingwire.com/2010/09/13/jpmorgan-analysts-bearish-on-housing-recovery?source=patrick.net

[DailyBail]

But the jump in short sales has also given rise to a new form of fraud — which, as a recent study by CoreLogic suggests, could undermine the burgeoning practice.

Fraudulent short sales take many forms, but Frank McKenna, the vice president for fraud strategy at CoreLogic and one of the report’s authors, says one arrangement is more common than others.

http://www.nytimes.com/2010/09/12/realestate/12mort.html?_r=1&source=patrick.net

[DailyBail]

Even the most casual observer of the events of the last five years -- the housing bubble, the bust and the digging-out process -- would be struck by the similarities between the policies that got us into this mess and the prescriptions for getting us out.

Whether it’s ultra-low interest rates, borrowing and spending (too much then, too little now), or artificially inflated home prices, the cure bears an uncanny resemblance to the cause.

I’ve identified five areas where policy makers need to reexamine their recommendations or do a better job of explaining why yesterday’s mistakes will be tomorrow’s remedies.

http://www.bloomberg.com/news/2010-09-13/economic-docs-find-remedy-amid-bubble-rubble-commentary-by-caroline-baum.html

Great read...

[Keren Or Shalom]

<a href="http://www.suckerforum.info/forum/topic/the-yield-curve-twist-omen"><b>Operation TWIST Again: Market Crash</b></a>

[Aint Bullshittin']

The speed at which the housing market will fall DB? I think you mean how fast can it reach terminal velocity.....and we shall find out soon enough.....AB

[DailyBail]

The shadow inventory awaits any recovery in housing ready to smash it to bits...