Thread: Jim Rogers is an Austrian economist

Jim Rogers legendary investor became an Austrian economist before he'd ever heard of Austrian economics.

Jim Rogers unlike most economists can put his money where his mouth is.

I think we need to be careful before holding him up, according to wiki he went to Balliol College where political figures such as Ted Heath and Dennis Healy went. This suggests to me he would have had political insiders as friends. Politicans make decisions on economics affecting the markets. Do they tell someone before, like a friendly fund manger............ some might call it a type of insider trading as let's face it as my old man says 'the only winner at the bookies is the bookmaker'.
I am also uncomfortable with his move to Singapore it might be clever but they have a strange thing for a democracy they have only had one party in power since becoming gaining independance decades ago.

Still their airport facilities are superb when travelling long haul.

Originally Posted by BCG Jason

I think we need to be careful before holding him up, according to wiki he went to Balliol College where political figures such as Ted Heath and Dennis Healy went. This suggests to me he would have had political insiders as friends. Politicans make decisions on economics affecting the markets. Do they tell someone before, like a friendly fund manger............ some might call it a type of insider trading as let's face it as my old man says 'the only winner at the bookies is the bookmaker'.
I am also uncomfortable with his move to Singapore it might be clever but they have a strange thing for a democracy they have only had one party in power since becoming gaining independance decades ago.

Still their airport facilities are superb when travelling long haul.

I quite agree. He's a Soros man and Balliol College is the most leftwing of all the Oxford colleges. I used to have a girlfriend that went there, so one week I decided to visit it and see what it was like. Quite a few people I met were studying PPE, which is like Media Studies for the champagne socialist. Balliol also has connections with Arnold Toynbee. Arnold Toynbee - Wikipedia, the free encyclopedia (Polly Toynbee is one of his descendants).

BVL I've been through this before. Jim Rogers and Soros broke ties with each other a long time ago, and both went they're own directions. Soros went the NWO way and Rogers went the free market way. They rarely ever speak about each other so I assume they have enough respect for each other not to make a public issue out of what ever caused they're division.

Jim Roger has from day one criticised the fed, the bank bail outs, big government, the whole lot.

I am also uncomfortable with his move to Singapore it might be clever but they have a strange thing for a democracy they have only had one party in power since becoming gaining independance decades ago

It's not a strange move if you believe as Rogers does that the dollar will collapse. If this happens America will go into melt down, crime will sore, and if you are rich your very liable to be the victim of retribution, at the same time the American establishment will bring about martial law. The ground work is already there, Fema camps have been set up and indefinite detention laws have been brought in all this masked under the name of fighting terror. What the American people fail to realise is any one who stands in opposition to the government can be defined as a terrorist. Jim Rogers has seen the wrighting on the wall he has two daughters and you can't blame him for moving to where he thinks they will be safe.

Fair enough, both Roland and BVL make good comments from different perspectives.

Originally Posted by Baron von Lotsov

I quite agree. He's a Soros man and Balliol College is the most leftwing of all the Oxford colleges. I used to have a girlfriend that went there, so one week I decided to visit it and see what it was like. Quite a few people I met were studying PPE, which is like Media Studies for the champagne socialist. Balliol also has connections with Arnold Toynbee. Arnold Toynbee - Wikipedia, the free encyclopedia (Polly Toynbee is one of his descendants).

Rogers did make it quite clear he felt what he was being taught in his own word's was "a load of gibberish that didn't make sense". I don't know if you've ever studied modern economics such as Macro Economics but I could not think of a better way to describe it. At his reunion he even said to his old tutor "how did you manage to get it so wrong, you've ruined the British economy".

All the people that are involved in making money through government support the Fed because that is the institution that basically serves they're interests and all the big government people support the Fed because that is the instrument that funds government welfare schemes with out having to tell the voters how much it will cost them.

Originally Posted by Roland

Rogers did make it quite clear he felt what he was being taught in his own word's was "a load of gibberish that didn't make sense". I don't know if you've ever studied modern economics such as Macro Economics but I could not think of a better way to describe it. At his reunion he even said to his old tutor "how did you manage to get it so wrong, you've ruined the British economy".

All the people that are involved in making money through government support the Fed because that is the institution that basically serves they're interests and all the big government people support the Fed because that is the instrument that funds government welfare schemes with out having to tell the voters how much it will cost them.

Yes but the Fed is actually a better model than a state-owned central bank if a free market is what you want. A lot of the financial system is built on a very free market basis, because that is where you get the best decisions from. Once you introduce a governing body you edge towards a command economy, which is the antithesis of a free market. If everything is set up so it is self-regulating then it will tend towards a state of optimum efficiency. This is not so if you have a bunch of sweet-talking politicians making those decisions.

I don't really know Rogers, so I expect you know far more about him than I do, but I did get the impression he was following in the footsteps of Soros and becoming a political figure as well a financier. I'd have to have a more specific breakdown of what he says and why to get a better idea. I find that the popular financial news is completely tedious though as they talk in such general language that they could mean many things to many people. I think you can fool yourself that you know a lot because you have absorbed a lot of opinion, but in actual fact learnt very little. I'm into it in a far more theoretical kind of way. The BBC always talks about 'confidence' as if it were the thing that drives it. Of course this is bull$hit, because its numbers that drive it. I hear this a lot in relation to the euro, and that if only 'confidence' were to be restored then all would be sweet. Those investors calculate, they do not go on how good a speech is or what suits the eurocrats parade as they all line up for the photo shoot.

BVL

Where have you been. The Federal Reserve is the root cause of all that is wrong with America. It is a private bank that masquerades as a part of the US government. It is a secret branch of government allowing the American establishment to buy votes and fund wars through inflation so as not to make the American people aware of the costs.

Originally Posted by Roland

BVL

Where have you been. The Federal Reserve is the root cause of all that is wrong with America. It is a private bank that masquerades as a part of the US government. It is a secret branch of government allowing the American establishment to buy votes and fund wars through inflation so as not to make the American people aware of the costs.

Yes but how does making it public improve on that?

BVL,

These are worth reviewing great questions to the Fed from a democrat, even funny in places:



Alan Grayson: "Which Foreigners Got the Fed's $500,000,000,000?" Bernanke: "I Don't Know." - YouTube