Jim Rogers: Audit the Fed, Then Abolish It
Yahoo Finance Tech Ticker – December 10th, 2009 Count famed investor Jim Rogers as an ardent support of Congressman Ron Paul’s effort to audit the Fed. The Fed is “the only institution in the world I know of that doesn’t expect to be audited,” Rogers says in the accompanying video. “It’s incomprehensible to me these people are saying they have no reason to be audited — they must have done something wrong, must have something to hide.” A longtime critic of Ben Bernanke and his predecessor, Rogers goes a (big) step further than merely auditing the Fed, suggesting we get rid of the central bank altogether. “We don’t need the Fed. The Fed is making our lives miserable,” the famed financier says. “The Fed is printing huge amounts of money, which we’ll have to pay for sometime. The Fed is borrowing gigantic amounts of money on their balance sheet…the numbers are so staggering that this is going to have ramifications before too much longer.” With an eye on history, Rogers notes the current Fed is America’s third central bank: the First Bank of the US was created in 1791 with a 20-year charter. The Second Bank was created in 1816 with the same term. The current Fed was chartered in 1913. Arguably, the current Fed is the nation’s fourth central bank if you count the National Banking Act of 1863-64, but Rogers’ point remains the same: America survived and prospered without a central bank for long periods and can do so again. If Rogers is right, this won’t be an academic …
While people like Jim, Peter Schiff and Ron Paul talk about deregulating, free markets, Austrian economics etc. I can’t help but wonder how a “free maket” is possible when corporations are awarded the status of persons and granted all the protection that affords (think limited liability). Corporations behave like psychopaths with regulations let alone without any.
the lockbox is empty….nothing to see here folks.
good question, the answer is that they are sustained by the system. They actually hijacked the system and made it work to sustain them. If it was free they would nt be able to control it for their benefit so they would be phased out by free forces. That is why socialist systems are bad, because the “psycopaths” loot from the pool and make sure they do!….no pool of money…no lifeline..no psycopaths.
Thank you!!! Finally, a big money-manager who gets it/willing to speak out…Jim Rogers > Warren Buffett WEB, who just sits idly while my former Great home country USA and in turn the world is being destroyed!
good title
some damn good points
Yea, Warren Buffett is an SOB thats a lapdog for keynsian economics and obama
I’m still in awe how people don’t understand or worse yet, disapprove these theories.
The Fed is the NWO/one world government. The first time they attacked New Orleans Andrew Jackson won and they have wrought misery ever since.
See THE MONEY MASTERS.
@d2eux absolutely true. He may know how to invest, but when you got more money than god he can move markets and they follow him blindly. He just bought a railroad for god’s sake.. He’s a Carnegie/Rockerfeller/JP morgan monopolist if there has ever been one in modern day.
They don’t really print more money, they write more I.O.U.’s and they are signing my name to it… Bastardos!
@freetubester
The Money Masters is by far the best video I’ve seen yet on money. There’s still plenty more to learn, but that video is great by all means. The best thing is that they tell the truth about gold vs. fiat currency unlike all these other bunk videos. Gold is bunk, always has been, always will be. Fiat is the dream we seek. Public fiat that is SPENT into existence, not LOANED into existence. (Especially loaned AT INTEREST) I love capitalism, but I hate privately controlled currency.
they cant be audited because they’re gods
if the FED gets audited everyone will know what fraud is going on and the system will collapse
The FED was created by Jesuits to destroy our country. This is a Protestant country that the pope hates bc we are not all under his control. The Jesuits created the FED to destroy us and rid of Protestantism. Abraham Lincoln was assassinated by the Jesuits! Look this information up you guys. The national Sunday law is coming soon and then persecution of the Saturday Sabbath keepers. Sounds crazy but it’s 100% true! Educate yourselves and start a relationship with Jesus Christ. What I say here i
@PatriotsRepublic What if we actually started rooting out the corruption. We know many of the names already. We know just from information that can be found on the internet who is corrupt. Why does Jay Rockefeller have such a problem with the internet and free speech?
@jiveturkeyusa what’s your point?
@PatriotsRepublic My point; it is clear who is corrupt in politics. When you have a US Senator (Jay Rockefeller) railing against the First Amendment to the Constitution he is clearly treasonous.
I wANT LICK MARIA BARTIROMO
I cringe everytime I hear the word “government” used interchangeably with the “fed”.
the “fed” IS NOT A PART OF ANY GOVERNMENT ….the “fed” is a PRIVATE CORPORATION.
the FEDERAL GOVERNMENT of the USA is OWNED BY AMERICANS.
THE federal reserve bank(fed) of the USA IS OWNED BY 13 MULTI-TRILLIONAIRE PRIVATE BANKING FAMILIES(rothschilds of england being majority owner), the “fed” IS AS FEDERAL AS FEDERAL EXPRESS….or….the Federal Potato Chip Company
Damn right, Abolish the FED! It’s nothing but a self-serving private banking cartel.
@xxxNiceLifexxx The system will collapse anyway. It’s better that people can know why and that the sooner the collapse happens, the better.
@PatriotsRepublic” Our movement ” ?….You sound like you couldn’t engineer a bowel movement in a couple a years pal…Lay off the bloody revolution rhetoric ….you sound like a fool there Trotsky
@1XMarksSpot Exactly, its like we’re on a plane spiraling down into the Pacific Ocean. Best we can do is hold on and pray we survive through the inevitable.
Hunt them down and punish them to hell.