Business

Legendary Investor: Approaching Crisis ‘Worse’ Than ‘08, Yuan Will be Safer Than Dollar

Legendary Investor: Approaching Crisis Worse Than 08, Yuan Will be Safer Than Dollar

Jim Rogers

Legendary investor Jim Rogers, CEO of Rogers Holdings, offered a very glum outlook on the U.S. economy yesterday. According to him, we’re headed for a crisis worse than 2008, the Chinese Yuan will soon be safer than the dollar, and Fed Chairman Ben Bernanke will probably institute another round of money-printing, or QE3.

“The debts that are in this country are skyrocketing,” he told CNBC. “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.

“When the problems arise  next time…what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around.”

He later added, “The U.S. is the largest debtor nation in the history of the world. The debts are going through the roof. Would you keep lending money to somebody who’s spending money and not doing anything about it? No you wouldn’t.”

Because of that, he said the Chinese Yuan will be a safer currency bet than the dollar. And what may even better is gold and silver: he’s hoping the price goes down on both so he can “pick up the phone and buy more.”

He’s also convinced Ben Bernanke, who he calls a “disaster,” will institute another round of quantitative easing, essentially printing money, later this year.

“They’re gonna bring it back because [Bernanke will] be terrified and Washington will be terrified,” he said. “There’s an election coming in November 2012. Washington’s gonna print more money.”

According to him “draconian” cuts will be needed to control U.S. debt:

Rogers comments come as a new poll reveals nearly half of Americans expect another Great Depression in the next 12 months.

Comments (177)

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  • I_Hate_Libs
    Posted on June 9, 2011 at 8:52am

    haha at the libs terrified of Glen’s T.V. stream they sure do hate to face the truth.

    The horror of the Democrat mind.

    Report Post »  
  • Charles
    Posted on June 9, 2011 at 8:50am

    The liberal schmuck media is doomed. Liberals here and elsewhere will do everything they can to marginalize gbtv since it is a threat to their lock on how people are informed. They will fail to control the flow of information. You liberals here and elsewhere will fail and fail hard. I and enough other people will help fund the launch of gbtv. Liberals are losing their control of where people go for news and information so they are and should be very afraid. Liberal communist hater union culture:fail. Get used to it.

    Report Post »  
  • Silat
    Posted on June 9, 2011 at 8:45am

    Watch the movie ‘The Book of Ely.’ If you have vast amounts of gold and silver, then you better use it to pay off the private army to protect you from the ones trying to steal it. Better invest in food, water, batteries, toilet paper, toiletries weapons and ammo. It will the wild west if the liberal animals go ape!
    Can’t wipe your butt with gold!

    Report Post »  
    • theamericanvision
      Posted on June 9, 2011 at 10:30am

      If things do fall apart, who are you going to sell your gold to? Trade it for silver? When you have to use a full ounce of gold to buy a loaf of bread, it’ll go quick. Gold and silver are not the investments for economic collapse but rather for economic uncertainty. I myself am stockpiling up enough food to take my family through 12-months. If my job goes away or my dollars are worthless at least we’ll be able to sit down together at the dinner table. For the price of 3 oz of gold, I’m able to buy 12 months of peace of mind.

      Report Post » theamericanvision  
    • axel@25
      Posted on June 9, 2011 at 11:31am

      I plan to sell my stockpiled “commodities”, (from ammo to zuccini seeds). The folks that paid $1500/ oz for gold are going to end up selling it to me for 25 lbs of pinto beans/oz.
      If stockpiling trade amounts of food (bulky)commodities isn’t your style…just stockpile a couple thousand gallons of moderate quality whiskey or other beverage…the liquor stores are ALWAYS the first to be emptied and your supply (carefully sold in small amounts) will be a very trade-able commodity…has been since the dawn of time.

      Report Post »  
  • teddrunk
    Posted on June 9, 2011 at 8:44am

    Meanwhile, in Milwaukee, teachers are back to demanding their free negotiated Viagra.

    Report Post »  
  • TexasCommonSense
    Posted on June 9, 2011 at 8:43am

    The hospitals, coffee shops, etc, still are the ones paying for it in this case, so it’s not free. You’re probably one of those who who think free government handouts are also free. That’s not what I call being a Critical Thinker.

    Report Post » TexasCommonSense  
    • Liberal_Atheist_Critical_Thinker
      Posted on June 9, 2011 at 8:57am

      It’s free to the end user Einstein, that’s what we are talking about.

      Report Post » Liberal_Atheist_Critical_Thinker  
    • TexasCommonSense
      Posted on June 9, 2011 at 9:15am

      That’s how government handouts appear, also. The point is, nothing is “free”, despite what your president tells you. The government is either taking money from other people who work hard, China is lending it to us, and we have to pay interest, or they’re printing money making your dollars worth less. All three have a negative affect on the country as a whole.

      As for the free to the end-user, you don’t think they recover the money by charging you more for their product? Have you looked at a hospital bill lately, or the ridiculous cost of a cup of coffee at these shops?

      Critical Thinking requires thought beyond the obvious.

      Report Post » TexasCommonSense  
    • Liberal_Atheist_Critical_Thinker
      Posted on June 9, 2011 at 9:28am

      It’s free to the end user, yes sir. It sure is. I can go there and browse the internet WITHOUT BUYING COFFEE OR ANYTHING ELSE.

      I have now dis proven your point.

      Report Post » Liberal_Atheist_Critical_Thinker  
    • TexasCommonSense
      Posted on June 9, 2011 at 9:38am

      So you‘re taking for free what’s paid for by others. Typical liberal. At least that part of your name is accurate.

      Report Post » TexasCommonSense  
    • Liberal_Atheist_Critical_Thinker
      Posted on June 9, 2011 at 9:46am

      No, it’s given to me by the business, of their own free will. They want me their using it. If they didn‘t they wouldn’t let people do it.

      Now stop digging your hole before you disappear into it, you silly secessionist.

      Report Post » Liberal_Atheist_Critical_Thinker  
    • TexasCommonSense
      Posted on June 9, 2011 at 9:48am

      They do this in order to attract business from paying customers. You may want to go check your mailbox; your welfare or unemployment check may have arrived. Maybe you can just ask mom for your allowance.

      Report Post » TexasCommonSense  
    • Liberal_Atheist_Critical_Thinker
      Posted on June 9, 2011 at 10:06am

      What happened? I can’t see you any more?

      Oh, it’s the hole …

      Report Post » Liberal_Atheist_Critical_Thinker  
    • TexasCommonSense
      Posted on June 9, 2011 at 10:10am

      I’m here, just look for my part of the money you receive in your next government handout.

      You know, you may be right about the silly secessionist part. The Federal government would all they could to stop it. Texas created 38% of all the jobs in the country last year. We’re providing large sums of money to the Federal government so they can redistribute it to failing states like California.

      That being said, I sincerely believe we here in Texas could do far better on our own that being under the regulatory thumb of the Federal government. After your president finishes destroying the US, we may have no other choice but to become an independent republic again. People who value freedom will no doubt flock to Texas. Being that liberals love government handouts, I don‘t expect you’ll be one of them.

      Report Post » TexasCommonSense  
    • Liberal_Atheist_Critical_Thinker
      Posted on June 9, 2011 at 10:12am

      I live in Texas sir. How about that?

      Report Post » Liberal_Atheist_Critical_Thinker  
    • TexasCommonSense
      Posted on June 9, 2011 at 10:22am

      Great, another liberal leach in Texas. No doubt you live in Austin and are probably a college student. Wake up and look around you. Texas is a great state in which to live, fiscally and otherwise. That has a lot to do with the conservative, less-intrusive government. Compare it to any of the many Liberal, democratically run states. Notice they’re all broke and struggling?

      Time to critically re-think the liberal part of your name. Liberalism doesn’t work forever; there are too many unintended consequences with recklessly spending other people’s money.

      Report Post » TexasCommonSense  
    • Liberal_Atheist_Critical_Thinker
      Posted on June 9, 2011 at 10:26am

      Nope, not Austin. Perhaps in your own town, even on your own street.

      We’re here in Texas coming for ya and Rick Perry – watch out!

      Report Post » Liberal_Atheist_Critical_Thinker  
    • TexasCommonSense
      Posted on June 9, 2011 at 10:29am

      So, in other words, you want to turn Texas into a liberal train wreck like so many other states? Why on Earth would you want to do that?

      I live in the Dallas area. You?

      Report Post » TexasCommonSense  
    • Bushie
      Posted on June 9, 2011 at 10:46am

      No use arguing with someone with a name like liberal, atheist, critical, NON-thinker

      Report Post » Bushie  
    • TexasCommonSense
      Posted on June 9, 2011 at 10:53am

      Bushie, you’re right. I’m just in a rare mood today. He’s already proven to be clueless.

      Report Post » TexasCommonSense  
    • Bushie
      Posted on June 9, 2011 at 11:02am

      When you wrestle with a pig in the mud, you will soon realize that the pig loves it.

      Report Post » Bushie  
    • TexasCommonSense
      Posted on June 9, 2011 at 11:06am

      Are you calling Liberal_Atheist_Critical_Thinker a pig? LOL! I called him/her much worse than that recently. Yes, you’re right. The good thing about open forums like this is others can read both sides, too. It’s very re-assuring knowing there are so many other like-minded conservatives out there. At least that‘s how I feel ready others’ posts.

      Report Post » TexasCommonSense  
    • hi
      Posted on June 9, 2011 at 11:06am

      I thought LACT was a “she?”

      Report Post » hi  
    • TexasCommonSense
      Posted on June 9, 2011 at 11:08am

      Hi, that could be. I covered both in the next post. Either way, they’re not a critical thinker.

      Report Post » TexasCommonSense  
    • TexasCommonSense
      Posted on June 9, 2011 at 10:54am

      BTW, Liberal_Atheist_Critical_Thinker, I’m not the least bit afraid of your “watch out” warning. Go ahead and bring your anarchist BS to me, my family, or my house. Be warned, I have a CCL and always carry. As for anything else, you’ve already proven you’re not much of a critical thinker. You‘re just another liberal want the government to give you more of other people’s hard-earned money. You are nothing more than a tick on the ass of society. Do yourself a favor; learn a skill, get a job, and don’t rely on any government for anything. May God bless you. You may not believe in God, but he believes in you.

      Report Post » TexasCommonSense  
    • axel@25
      Posted on June 9, 2011 at 12:30pm

      I‘m sitting here at my local Starbuck’s clone and watching one of your “fellow travelers” sitting out side trying to access the WiFi…I wonder if he’ll ever figure out that he needs to come in and buy a cup of coffee to get an access code ?. He can get one for free if he askes (it”ll shut him down within 5 minutes though). I guess he could go down the road to the next coffee shop…oops it had to close it’s doors 5 months ago…well there’s always the evil Corporate Oppressor McDonalds…oops they often require you to ask at the counter and most now only allow limited access that’s too slow for video to stream….(too many perverts hanging around?)
      Like a scratch pad from your insurance agent or that “free taste sampler” from the frozen yogurt place…it has a cost and someone is paying it, just not you.
      So…Yes, you are currently able to find someone that will ALLOW you to access the internet for free..but..they control you with it, they can take it away as easily (easier actually) as they provide it. It will be one of the first things cut if cuts need to be made….after all, it‘s not like you’re of any value to them…or anyone else.

      Report Post »  
    • I_can't_believe_this_stuff
      Posted on June 9, 2011 at 12:43pm

      Count me in! I’ll be there if you can use my help.Pass it on.

      Report Post »  
    • joel228
      Posted on June 11, 2011 at 4:42am

      >>>I don’t think this is a good time for Glenn Beck to start a subscription TV network.
      >>>“Honey – should we buy milk this week or pay for Glenn Beck’s TV show?””

      If you believe that have you taken Glenn’s advice and stored up? If you believe what you said maybe you should go to the internet and consider buying something like milk before it gets to that point.

      Report Post » joel228  
  • mcFirst
    Posted on June 9, 2011 at 8:39am

    What about the teachers pensions and time off OH NO!

    Report Post » mcFirst  
  • Skutt
    Posted on June 9, 2011 at 8:27am

    Obama is being a good Keynesian, an economic theory I totally disagree with. Under Keynesianism, all new money is injected into the system as new debt. That’s just how it works. If the coming economic disaster doesn’t show the world how bad a system it is and how it must be avoided in the future then man will never grow beyond where we are now.

    Report Post »  
  • GERATMO
    Posted on June 9, 2011 at 8:27am

    Gold and silver are at all time highs and when things get real bad it will only go higher. I believe its still a good investment but its out of reach of most peoples investment capabilities. I cant afford much gold so I have been stocking up on other commodities. I sure hope our elected officials pull their heads out of their a$$ and start taking this crisis serious.

    Report Post » GERATMO  
  • TRILO
    Posted on June 9, 2011 at 8:26am

    I am beginning to think that the masses of people in this country have about as much common sense as Big Sis Janet. 48% think we are heading into another depression, the majority of people want spending under control, yet the same people say do not touch my SS or my Medicade. These two programs have an unfunded liability of 60+ trillion dollars. Many of the legislatures at the state level still have their hands out. Our federal representatives are thieves as they know what is coming and do nothing about it. I understand people not wanting to connect the dots but they are not making the connection at their own demise. The masses of sheeple had better wake up today.

    Report Post » TRILO  
    • Gonzo
      Posted on June 9, 2011 at 8:40am

      All while America looks down her nose at Greece. I agree with you and it’s not getting any better.

      Report Post » Gonzo  
    • 50BMG
      Posted on June 9, 2011 at 9:17am

      You nailed it. Many people know that we have a debt problem, know that we can’t continue on, know that sacrifices have to be made, but can‘t or won’t do what’s necessary to start fixing the problem.

      They’re waiting for someone else to make the hard decision for them, because that way they don’t have to take responsibility for the suffering and violence that is coming. And that “someone else” clearly won’t be any of our elected leaders. The force will be external, e.g. the Chinese and other creditor nations refusing to buy more of our debt.

      Report Post » 50BMG  
  • Liberal_Atheist_Critical_Thinker
    Posted on June 9, 2011 at 8:24am

    You can get free internet at many places – hospitals, coffee shops, etc.

    Report Post » Liberal_Atheist_Critical_Thinker  
    • Bushie
      Posted on June 9, 2011 at 11:19am

      How do find time to work if you hang around hospitals, coffee shops, etc. Maybe your on the obama dole.

      Report Post » Bushie  
    • Bhaub
      Posted on June 9, 2011 at 12:08pm

      Unless you work in a hospital or coffee shop, your place of business shares a building with one, you pick up coffee on your way to work, during lunch break or after work, or you meet friends socially for coffee….

      Most people don’t “hang around” hospitals, Bushie. Those are patients. They are there for medical reasons. :)

      Report Post » Bhaub  
  • Ironeagle
    Posted on June 9, 2011 at 8:22am

    If the goal is to destroy whats left of our capitalist free market society–Barry is the most successful President in the history of the US.

    Report Post » Ironeagle  
    • joelas
      Posted on June 9, 2011 at 1:43pm

      It is clear that Obummahas socialist=communist leanings=idealogy since he takes actions to increase the power of unions, that is his fundamental change goal.

      Report Post »  
  • barrycooper
    Posted on June 9, 2011 at 8:20am

    The Yuan is growlly inflated as well. The Asians in general seem to have taken Keynes seriously, which of couse is a foolish mistake, since his policies were intended to erode political liberty by centralizing wealth and power, preferentially in the hands of the “in”, to the expense of political opponents, and the politically unnecessary.

    Always in times of crisis, we debates between what is called, say, “remediation”, or ameliorization; and on the other hand “reform”. The latter is always code speak for the implementation of desired political goals under the CLOAK of crisis. Look at the power unions got under FDR. As one example, they more or less got the right to literally act as organized criminal empowered by law to use violence, intimidation and vandalism–all normally against the law for everyong–to pursue labor cartels whose members weren’t really give a choice in the matter, and whose bosses felt and feel no accountability to them.

    What conservatives,need to recognize, on our part, that our system IS fundamentally corrupt, in definable, real ways, and that since our goal is MORE freedom, that we CAN in fact combine reform with relief. Almost all Americans have been the victims of a systematic theft that has been going on at a minimum since 1913, and depending on how we define things, possibly all of time, since banks were invented. To the extent of my knowledge, no truly free banking system has ever existed anywhere http://www.goodnessmovement.com

    Report Post »  
  • Ailene Wright
    Posted on June 9, 2011 at 8:19am

    When did the internet become FREE? Why do I have to pay a monthly bill for internet access? How do you get FREE internet? Please enlighten us.

    Report Post »  
    • Bushie
      Posted on June 9, 2011 at 11:17am

      If you on the dole like most obama lovers are, it’s free (you pay for theirs)

      Report Post » Bushie  
  • suzy000
    Posted on June 9, 2011 at 8:18am

    My gosh…..I heard all this last year from GLENN BECK. AND..I listened! Thnk you Glenn for helping this girl get as ready as we can be when it hits the fan.

    Report Post »  
  • MontyRay
    Posted on June 9, 2011 at 8:18am

    Wake up Art. There are plenty of people on the internet that charge for content. Do you read the WSJ online? The time of advertisers footing the bill for all content is over. You may not subscribe, but that won’t fail his business ventures. The content will either be worth the price, or it won’t. Can’t get much simpler than that. I personally think he might be a little ahead of his time. As customized content (i.e., see hulu, appletv, netflix) becomes as available as live television, you will see people pay for their information and entertainment a la carte vs. the traditional cable or satellite subscription. That isn’t far away, and for some is already here. I’m on the fence…only two things holding me back from the above–1. getting the remainder of the networks on board (most are), and 2. I need my Sunday Ticket!

    Report Post »  
  • Gonzo
    Posted on June 9, 2011 at 8:17am

    Yes, he has a long history af failure, doesn’t he? (sarcasm)

    Report Post » Gonzo  
  • cashprize
    Posted on June 9, 2011 at 8:16am

    If enough people watch GBTV, advertizers will pay him. Why is it that Liberals live in this free market country but don’t understand how a free market works? It will be the milk sellers and other sellers offering special prices from his site,

    Report Post »  
    • esscott
      Posted on June 9, 2011 at 11:53am

      I agree. The free market will determine just how successful GBTV becomes. My opinion is it will be enormously successful, as it is unique. It is refreshing to see something that is not the same tired and outworn food fight between Democrats and Republicans that the ordinary media is obsessed with. Good point you made … good contribution. Thanx and a tip o’ the hat to you!

      Report Post »  
  • Gonzo
    Posted on June 9, 2011 at 8:15am

    Well… I guess he’s fundamentally changed America.

    Report Post » Gonzo  
  • Redistributor
    Posted on June 9, 2011 at 8:15am

    boom. @snow…it’s over!

    Report Post »  
  • SpankDaMonkey
    Posted on June 9, 2011 at 8:14am

    .
    When is Obama gonna start playing the fiddle? Cause we are burning………….

    Report Post » SpankDaMonkey  
    • vennoye
      Posted on June 9, 2011 at 10:02am

      Isn’t that just exactly what he has been doing ever since he hit DC……….just doing it with golf clubs!

      Report Post » vennoye  
  • Rickfromillinois
    Posted on June 9, 2011 at 8:12am

    No matter how deep in debt we get and how much we spend, there are those who want to spend more.

    Report Post » Rickfromillinois  
  • GENEPAGLIARI
    Posted on June 9, 2011 at 8:10am

    Guess what? It is not your decision… When someone wants to start a business there are usually about 80% detractors. You are just another detractor. Only about 20% supports a new endevour. It was said when trains were first coming into general use that a human could not breath air at the excessive (25 mph) speed of a locomotive. Many naysayers is common.

    Report Post »  
    • GERATMO
      Posted on June 9, 2011 at 8:30am

      I think what people are saying is that its just bad timing. If things were going better, people might consider it. A few years ago I would have no problem but today, He!! No…

      Report Post » GERATMO  
  • watchmany2k
    Posted on June 9, 2011 at 8:04am

    I have followed his exploits for a long time, not so sure about “Legendary” but he is an example of the US policy driving businessmen away. He packed up his family and moved to singapore, a nice enough place, but with draconian coporal punishment to keep the masses in line.
    I wonder how safe singapore will be when china starts expanding.
    But he is right about the dollar, gold and silver, the yuan is not a safe haven though…

    Report Post » watchmany2k  
    • Snowleopard {gallery of cat folks}
      Posted on June 9, 2011 at 8:42am

      How safe will Singapore be? Probably safer than here when the crackdown starts happening; I can no longer say IF it happens (an expected crackdown by the admin and his cronies), for the path is set for them to use a ‘scorched earth’ concept if all else fails. They will attempt to take us down if they know there is no holding onto power for them in the end.

      I pray it does not happen at all, and most likely it will not to the extent I can see possible.

      Report Post » Snowleopard {gallery of cat folks}  
  • biohazard23
    Posted on June 9, 2011 at 8:03am

    “The U.S. is the largest debtor nation in the history of the world. The debts are going through the roof. Would you keep lending money to somebody who’s spending money and not doing anything about it? No you wouldn’t.”

    But Obummer and the Left will say that anyone who DOESN’T lend us money is a racist/terrorist/right wing nut job/anti-American/extremist because that’s their favorite excuse for criticizing ANYTHING this circus of ineptitude, AKA this administration, does.

    Report Post » biohazard23  
    • Ironmaan
      Posted on June 9, 2011 at 8:18am

      The debt bomb fuse has been lit folks. Here is whats gonna happen. From now till late fall the the stock market will slowly slide downward. The fed will begin to signal QE3 to prop it up and the market will begin to rally in Dec Jan. and for probably the rest of the year as it is an election year.

      After that….The dollar will take another dip downward because of the money printing, interest rates will rise and the bottom will fall out of both the bond and stock market. So…buy some gold.
      http://guerillatics.com

      Report Post »  
    • Snowleopard {gallery of cat folks}
      Posted on June 9, 2011 at 8:37am

      I suspect that just before the time of the ‘12 elections to commense there may be a conveinet emergency for the administration to use as a excuse to crack down on the nation. With the current POTUS, the fact is, he will use any and all legal and illegal (go around any inconveinent laws) means to hold onto power and push the final destruction of our economy and freedoms forward to reality.

      Report Post » Snowleopard {gallery of cat folks}  
    • Texas Grasshopper
      Posted on June 9, 2011 at 8:44am

      check out this link …carving up America and giving it to other nations . A 30,000 acre “ FTZ ” being set up to house Chinese workers . Access restricted ..I really dont understand whose laws will be enforced on these property ….the national Security Implications could be incredible . What the heck is going on ….have ALL Elected Officials lost their minds? …Seems like a reversal of the late 1800‘s and early 1900’s when countries got carved up in “ foriegn trade Zone ” Didnt the Japaneese call China the Northern Resouce Zone ( Area) ?

      http://www.veteranstoday.com/2011/01/25/jb-campbell-foreign-trade-zones-2/

      Report Post »  
    • 50BMG
      Posted on June 9, 2011 at 9:12am

      Yes, you’re correct: that’s exactly what Obama will say. But the Chinese don’t really care. It’s their money, and eventually they‘ll decide that we’re not a good credit risk. Calling the Chinese government “racist” won’t make any difference.

      Report Post » 50BMG  
    • vennoye
      Posted on June 9, 2011 at 9:55am

      @Texas Grasshopper
      Can’t tell you how very pleased that you gave us a link to either a nazi website or the equivalent of one. What ever J. Bruce Campbell might have to say about Free Trade Zones became bogus just as soon as I looked at what he had to say about Israel. Good Grief!!!!!!!!!!!!!!!

      Report Post » vennoye  
    • chazman
      Posted on June 9, 2011 at 9:23pm

      Will we be able to gather here in the future? To talk and voice our opinions? Or will we be talking about how our futures are disappearing, along with our freedoms just as the switch is pulled? See you all on the road …

      Report Post »  
  • Liberal_Atheist_Critical_Thinker
    Posted on June 9, 2011 at 7:58am

    I don’t think this is a good time for Glenn Beck to start a subscription TV network.

    “Honey – should we buy milk this week or pay for Glenn Beck’s TV show?”"

    Report Post » Liberal_Atheist_Critical_Thinker  
    • Snowleopard {gallery of cat folks}
      Posted on June 9, 2011 at 8:10am

      Things can still change, America is the greatest of innovator nations and problem solvers; once we get the government off of our backs and out of most of our lives, then we the people of this land will be able to fully restore her to where she is meant to be.

      Report Post » Snowleopard {gallery of cat folks}  
    • Ironmaan
      Posted on June 9, 2011 at 8:10am

      If you have to ponder whether or not you can afford $5 a month for even a second, you might want to evaluate your current situation and takes steps to improve it.
      http://guerillatics.com

      Report Post »  
    • kickagrandma
      Posted on June 9, 2011 at 8:12am

      @LACT~~~

      Morning! Hope this day for you is one absolutely blessed beyond your imagining!

      Report Post »  
    • 101
      Posted on June 9, 2011 at 8:13am

      Search: THE MANDRAKE MECHANISM

      Buy gold & silver…paper fiat money is worthless

      Report Post »  
    • Now this is Art
      Posted on June 9, 2011 at 8:13am

      we are going to tank for sure. and we surely wont be paying for any internet tv shows anytime soon. get real beck! the internet is free…bilk advertisers…not us. you had us fooled there for a while. we really thought you had our best interests in mind, getting important news to us on a timely basis. not your true intentions are obvious…you just want our money.

      Report Post » Now this is Art  
    • Berealalready
      Posted on June 9, 2011 at 8:16am

      yes, having a clue of external conditions could only be confusing and dangerous. <– sarcasm. Hey LACT, you are not a critical thinker, you are a ideologically driven reflexive contrarian. That my good jerk-waffle is not an indication of critical thinking. Also curious is how often predictable useful idiots such as yourself manage to be the first to post so often. It's almost like it's your job.

      Report Post »  
    • Liberal_Atheist_Critical_Thinker
      Posted on June 9, 2011 at 8:22am

      … :-o

      Report Post » Liberal_Atheist_Critical_Thinker  
    • Gonzo
      Posted on June 9, 2011 at 8:26am

      Boy, the liberals on here are terrified of Glenn’s new format, aren’t they?

      Report Post » Gonzo  
    • watchmany2k
      Posted on June 9, 2011 at 8:28am

      Anyone else catch that he formed the quantum fund in 1973 with SOROS ?

      $10 says the bank he’s short on is Goldman sacks. He could tank them with a word,
      he reluctant to say giving them time to divest.

      I like the guy, but his strategy is not for everybody, you have to know your stuff to be a currency trader. He is right about commodities though, and that tidbit about the average age of the American farmer being 58 years old spells doom for the american farm, our kids will be under huge agri business companies, almost zero incentive to start or take over a farm these days.
      That is different than OWNING the farmland “with water” as that is an assett that can be sold when big agri is looking to expand in the coming years….

      Report Post » watchmany2k  
    • DTOM_Jericho (escaped PA)
      Posted on June 9, 2011 at 8:33am

      @IRONMAAN
      If you‘re not thinking about it you don’t understand what’s coming.

      Report Post » DTOM_Jericho (Creator vindicator)  
    • TexasCommonSense
      Posted on June 9, 2011 at 8:36am

      I’m sure we can expect the main-stream media to pile on Obama the same way they did to Bush in ‘08.

      Report Post » TexasCommonSense  
    • pvd3
      Posted on June 9, 2011 at 8:37am

      I would opt for the show myself

      Report Post »  
    • techengineer11
      Posted on June 9, 2011 at 8:42am

      Hey that‘s funny but unfortunately GB is right about an awfully of what he’s saying… and even if were to be proven wrong there’s never any danger done in being prepared for the worst case.

      Report Post » techengineer11  
    • OLDBIKEFIXER
      Posted on June 9, 2011 at 8:43am

      This is an excellent time to invest… in canned goods and ammunition!

      Don’t borrow money, buy a new car, house, or any other purchase that requires a loan, and make sure you have plenty of batteries for radios and flashlights. Ya’ might wanna consider installing a wood burning stove, too.

      Report Post » OLDBIKEFIXER  
    • greatdanes
      Posted on June 9, 2011 at 8:48am

      You All Must be tired just sitting around waiting for Beck to Go Bankrupt- If you spend 1/2 of your time
      that you watch Glenn Beck & focus on Obama’s Destruction of the Economy you might help turn this
      Country around but that’s Not your agenda. Beck will be Okay & if this venture fails…..he’ll just
      dust himself off & try something else. That’s The American Way!

      Report Post » greatdanes  
    • Anonymous T. Irrelevant
      Posted on June 9, 2011 at 9:01am

      “In the last three years the government has spent staggering amounts of money”

      On what? What did we buy and where is it sitting? I think it went into union slush funds, reparation accounts, and Democrat coffers.

      A quick audit needs to be done to get an idea of where the wealth has gone.

      Report Post » Anonymous T. Irrelevant  
    • love the kids
      Posted on June 9, 2011 at 9:09am

      I will still pay for the Glenn Beck show by canceling my subscription to Time Warner cable. I have already realized that the only reason I keep cable is that is the way for me to get fox news. But I stuck paying for all of those Obama cheer stations also. This will be the best way for me to boycott those stations. I hope FOX network will team up with Beck and offer all that programming to his subscribers. When half of the population drops cable TV to go with GBTV and FBN, that will wake up those people.

      Report Post »  
    • Stuck_in_CA
      Posted on June 9, 2011 at 9:09am

      HE GETS IT! We could sure use him in the Treasury Dept.

      Report Post » Stuck_in_CA  
    • Polwatcher
      Posted on June 9, 2011 at 9:10am

      I just signed up for GBTV for $49.95 per year. It looks amazingly great in HD. All I needed to do was run a PC VGA monitor cable from my PC to my flat screen. It is a relief to see how un-PC GBTV really is and with a great selection of various programming. You get the straight scoop on GBTV and it is presented in a very interesting way. Best money I ever spent. The Socialists, Islamists, Statists, and Commies will have a hissy fit. They will hate it worse than Glenn’s FOX program. Now I know why Obama wanted to have control of the internet shut off switch. I am looking forward to the “Super Spooky Dude” cartoons. It actually looks and sounds like Spooky Dude himself. I think GBTV is going to put the screws to PC TV.

      Report Post »  
    • Rothbardian_in_the_Cleve
      Posted on June 9, 2011 at 9:52am

      @ Art

      Um, don’t we all? Do you go to work for free? “The butcher doesn’t have bread on his table due to the benevolence of the baker.”

      I love how people who call others as being “out for money” always seem to have no trouble cashing checks.

      Report Post » Rothbardian_in_the_Cleve  
    • DDD
      Posted on June 9, 2011 at 10:06am

      Ironman, Some of us 50-somethings who lost their jobs (years ago now) can’t find employment – even at Walmart. I’ve given up looking for a professional job after 2-1/2 years. Luckily I saved and inherited a bit of money and its what my family of four is living on now. Yes, I do question spending an extra $5 on anything that isn’t food, house, gas or health related and their has been little to nothing I can do about it. We’ve sold off everything we can, got rid of the cellphone, the tv service and downgraded on anything we could. House payment still has to be made every month – but its been up for sale for over a year. Come on – don’t insult people.

      Report Post »  
    • hi
      Posted on June 9, 2011 at 10:21am

      “Honey should we listen to MSNBC for free or spend five bucks on Beck?

      Report Post » hi  
    • De minimus
      Posted on June 9, 2011 at 10:23am

      I don’t need my TV. I do need truthful information and there are very few places to get that except the net, especially when Glenn leaves TV. Who else is there? Sean? He loves politics and doesn’t understand the depth and breath of this thing but he will, too late but that‘s OK because he’ll feel bad about it. It‘s not that he doesn’t see some of the signs, he just won’t say anything about the obvious conclusions. O’really is an absolute statist joke, I stopped watching him years ago because it was pointless. The man does believe in freedom but he believes that ‘somebody’ should control that freedom and us. Somebody benevolent, like…. him.

      Of course there is talk radio, which I do than God for and I’ll thank him for you too!

      Report Post » De minimus  
    • isnrblog
      Posted on June 9, 2011 at 10:33am

      I’m a Conservative_Deist_Critical_Thinker.

      So when did your critical thought process decide this was about Glenn Beck? Nice deflection from the real issue, i.e. Obama is a disaster.

      Report Post »  
    • eaterofdead
      Posted on June 9, 2011 at 11:07am

      any body who has to tell you he is smart is a
      ******

      Report Post » eaterofdead  
    • Wayner
      Posted on June 9, 2011 at 11:13am

      LACT….. you can go back and stick your head in the sand (or somewhere else)…There’s nothing to see here,,, just keep moving on.

      Report Post »  
    • Vixvenom
      Posted on June 9, 2011 at 11:26am

      @SNOW

      I typically agree with your posts. But I have to say I think you are a little overly optimistic on this issue. It will take literally decades to reverse what has happened to this country. Our current socio-economic policies are closer to pure communist socialism than they are to the original liberal capitalism of the 1800′s. We went off track in the 1930′s, not with the current administration, he’s just the last in a long line of socialists. We are so far from where we were we can’t even see or describe it. The world is too far gone, and we are flowing down the same river…..it’s too late. Horrible times are around the corner and people who think free market capitalism and republican government can save us will be blamed for anything that goes wrong…..until it is completely abolished……NOTW

      Report Post »  
    • Brad Wesselmann
      Posted on June 9, 2011 at 11:30am

      I won’t be paying for the access to the show. I know who I am and do not need Glenn’s daily input, but it will be missed a little. I will just go back to my own information gathering process, that is just fine with me. I’ll miss ya, Glenn, but your cost is now exceeding your value to me personally. I wish you good fortune and blessings.

      Report Post » Brad Wesselmann  
    • islandlady
      Posted on June 9, 2011 at 12:23pm

      Considering your milk may have radiation in it or even a plastic thickening agent in it if its from China,
      I’d pay for the Beck show. Its true and teaches you you should have stored milk!

      Report Post » islandlady  
    • heyjim55
      Posted on June 9, 2011 at 12:25pm

      It’s good to see people here going after these Marxist trolls who make stupid comments . The country is in deep trouble we have 10% inflation right now from QE 1 and Tarp, QE 2 just ended or will end this month which when it kicks in next year or so inflation will be 30%. Now there are rumors of QE 3 which by most experts opinion will bring us to hyperinflation by 2013 50% inflation. That alone should get people‘s anger up if it isn’t up already, Obama is taking this country down on purpose the Left is quietly cheering him on, little do they know that they will be just as destitute and miserable as everyone else .

      Report Post »  
    • Dont-hate-on-me-2
      Posted on June 9, 2011 at 12:38pm

      @Liberal_Atheist_Critical_Thinker
      Its the best time. The people need information so we are informed an tbh i just recently completly commited myself to Glenn. Yes two n’s. You cant hear this stuff from you progressive liberal socialist media, not even fox gives this much. you can continue to be misinformed by your masters, America will previal, you cant kill and idea without killing us all. Lastly you need to take the critical thinker part out of you name, change it to hibutal liar

      Report Post » Dont-hate-on-me-2  
    • I Hear the Wolves
      Posted on June 9, 2011 at 1:03pm

      ‘i just recently completly commited myself to Glenn.”

      Oh, boy! That is one of the most frightening things I’ve seen. Do not take any man’s word for anything. Be a Berean, not a Beckian. Or a Palinite.

      Study daily to see whether these things are so.

      Report Post » I Hear the Wolves  
    • OneofMany
      Posted on June 9, 2011 at 1:27pm

      I agree (for once) with LACT….

      I think Obama has played us all for a fool. We’re all running around focusing on stopping his re-election and he doesn’t even care about getting re-elected, because his work will be done before the 2012 elections. He is now promising to give Greece a pile of money (we don’t have) ??! WT?? The only logical reason is that he knows he won’t get re-elected as people figure out he is destroying American on purpose (with Gorge Soros and Co.) but it doesn’t matter because with the “mutually assured destruction” policies in the world financial markets he will have brought down the entire world economy while we all watched in shock. Then he will be in a position to usher in Marshall Law as their is going to be massive civil unrest (at least in the inner cities and suburbs close to the cities, where there will be little food) and let his religious followers usher him in as defacto leader to “help get us through this crisis” as it would be too chaotic to have an election during this chaos…

      Strap in folks, this is going to be a bumpy ride! Get a gun if you don’t have one, get some ammo to protect your food supplies…get some water purification filters and if you don’t have some freeze dried food sources, go and spend an entire paycheck to get you through at least 6 months.

      Report Post » OneofMany  
    • AZfreeman
      Posted on June 9, 2011 at 1:37pm

      If anyone has been wondering about my avatar…it’s a shot inside my cupel furnace. A cupel furnace is a gold melting furnace. I saw the decline of the dollar and the increase of precious metals over 30 years ago. My family thought I was crazy when I told them all I wanted to do was be a prospector. Like I always tell my kids…

      “Welcome to the real world”. …rf

      Report Post » AZfreeman  
    • Dr.Tnutz
      Posted on June 9, 2011 at 1:40pm

      Hey you brilliant and liberal athiest, what are you doing buying milk in the first place? I thought cows contributed to global warming and all responsible humans are vegans… Just pay for your GBTV and maybe you’ll learn something.

      Report Post »  
    • Therightsofbilly
      Posted on June 9, 2011 at 1:48pm

      @LACT

      Thanks for reminding me, I just subscribed to GBTV.

      And it’s actually only costs 96 Cents a week when you sign up for a year.

      Now I’m off to cancel my cable TV.

      When all is said and done, I’ll be up close to $800.00 for the year. That will buy a lot of milk. At least for now.

      And I will sleep better at night knowing that my money will not be supporting all the crap stations.

      Report Post » Therightsofbilly  
    • Jaycen
      Posted on June 9, 2011 at 2:19pm

      Seriously, if you can’t afford a $5 a month bill for a subscription, how much are you paying for a broadband connection in the first place. Sounds like your priorities might be out of wack LACT.

      My family went without cable and internet for 9 months while we got our financial house in order. You can, too.

      Report Post » Jaycen  
    • Shugdj
      Posted on June 9, 2011 at 2:33pm

      If this country does get back to its former glory it will be because the entire nation got down on their knees and asked God to forgive and heal our nation. There isn‘t a man alive who can off set God’s judgment on us. This all gets down to Jersuleum and trying to divide her.

      Report Post »  
    • Dont-hate-on-me-2
      Posted on June 9, 2011 at 3:03pm

      @Brad Wesselman
      Posted on June 9, 2011 at 11:30am
      I won’t be paying for the access to the show. I know who I am and do not need Glenn’s daily input, but it will be missed a little. I will just go back to my own information gathering process, that is just fine with me. I’ll miss ya, Glenn, but your cost is now exceeding your value to me personally. I wish you good fortune and blessings.
      —————————————————————————————————————————————–

      This is an absolute lie. I really doubt you were ever a member or if you are trying to spread lies. HERE ARE THE FACTS: Glenns’ new show is included with the normal subscript. 2nd For new members they are getting it for 5 dollars. which is cheaper than what i pay.plus the get many of the extras. If you cant afford it just say so no biggie but dont lie to my brothers and sisters Go spread your filth at cnn msnbc or better yet go to Libya

      Report Post » Dont-hate-on-me-2  
    • I Hear the Wolves
      Posted on June 9, 2011 at 3:21pm

      @Don’t Hate on Me

      I know your name tells me not to, but I just can’t help myself.

      I am officially hating on you, right now.

      Report Post » I Hear the Wolves  
    • Therightsofbilly
      Posted on June 9, 2011 at 3:47pm

      The best part of all is that many of trolls will be paying Glenn the $5.00 a month so they can stay on top of what he is saying.

      Getting your adversaries to pay you $50.00 a year…………….Priceless

      Report Post » Therightsofbilly  
    • Therightsofbilly
      Posted on June 9, 2011 at 3:53pm

      Edit:

      many of “the” trolls

      Report Post » Therightsofbilly  
    • lonewolf57
      Posted on June 9, 2011 at 10:42pm

      Don’t worry Liberal_Atheist_Critical_Thinker.A gallon of less gas or a Whopper without cheese will pay for the truth.
      I’ll make sure of it on my end.All of my Family,113 of us(and counting),will get at least a years worth of GBTV subscription for Christmas 2011.
      So Honey,don’t fret.The truth WILL prevail,many of us will make sure of it.

      Report Post » lonewolf57  
    • jackrorabbit
      Posted on June 12, 2011 at 12:48am

      Unlike our “critical” thinker friend here. We believe that VALUE can be purchased from anywhere. I don’t care what people give as their excuse, if they are on the net, then they are spending money that they can “afford” to spend. The cost to get Glenn is less than it would be to drop cable/satellite or other form of entertainment. Not to mention, that we still get three hours of radio free daily. I can afford to lose one pound of meat a month for an education. It is a heck of a lot cheaper than going to college, and it actually teaches me HOW TO THINK, not WHAT TO THINK.

      Report Post »  
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