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Posted on 07/11/2011 8:08:03 AM PDT by Hojczyk
Following Friday's disappointing jobs data and a big jump in Chinese inflation over the weekend, Jim Rogers, the CEO and Chairman of Rogers Holdings, told CNBC that no matter what happens to the global economy, he will make money with his commodity positions.
"If the world economy gets better, I earn money on commodities. If the global economy gets worse then they will print more money and I will make money in commodities," Rogers said in an interview with CNBC on Monday.
With the commodities market highly correlated with the greenback in recent months, Rogers said he is also long the dollar.
"I am long the dollar (Exchange: EUR=X) as everyone was bearish. So I am long the dollar. In five years I may not be not be long the dollar but I am now. The dollar and commodities do not have to move in correlation despite what you see on CNBC," Rogers said.
Despite all the volatility on global markets Rogers said he was keeping it simple.
"I am long commodities and own a number of currencies. I am short long-dated US Treasurys, I am short US technology, one major US bank and emerging markets," he said.
The short positions would, in Rogers' view, protect him if things get worse for the global economy and he believes the Federal Reserve and other central banks will protect his commodity positions by printing more money .
With euro zone finance ministers meeting in Brussels and the Financial Times reporting EU officials are now discussing a plan to bail out Greece again will involve some kind of default, Rogers said the Chinese will continue to buy euro zone debt.
"Someone is going to take a haircut, Greece is going to default, it has to default.
(Excerpt) Read more at finance.yahoo.com ...
Silver is down today and I am scaling into it again.I sold out last week for a profit and it’s time to reload. Alcoa will be down this afternoon and tomorrow and will deserve a look as well.
Which one, and why only one? That's a very unique comment for him to make.
My WAG is that he thinks he has info on which one will be tossed overboard like a Lehman.
Early in still has not broken to the upside trend, but keeping an eye on it because it looks close.
I have two guesses C (Citibank) or BOA (Bank of America).
I’m thinking it is J.P. Morgan.
That’s J. p. Morg(ue)an
Below is the email I sent out to my lists on Tuesday, March 22,2011. This was supposed to happen in May...maybe something held it up. :) bttt
Henry Blodget at Business Insider also posted the story the same day:
CAUGHT ON TAPE: Former SEIU Official Reveals Secret Plan To Destroy JP Morgan, Crash The Stock Market, And Redistribute Wealth In America
Henry Blodget | Mar. 22, 2011, 9:44 AM
http://www.businessinsider.com/seiu-union-plan-to-destroy-jpmorgan
BREAKING
IT’S ON TAPE, traitorous Americans planning to collapse economy, 25 minutes on tape, TREASON AT IS HIGHEST DEGREE.
Listen to their plans to collapse economy, bringing down J.P Morgan Chase and the stock market in MAY and redistribute wealth in America:
Listen to the covertly taped (this past weekend at Pace University) meeting (25 minutes) of their plan here:
In brief, they are planning to launch a campaign attacking J.P. Morgan Chase (perhaps the strongest bank out there) as a primary target. The idea is to get people to stop paying their mortgages and ultimately to bring down the banking industry.
The video and transcript is being delivered to J.P. Morgan Chase and the Justice Department. (But don’t hold your breath that Obama’s henchman - Eric Holder - at Justice will take any action against their own SEIU operatives)
Related: SEIU protestors take over bank (JPM-Chase) headquarters:
http://www.theblaze.com/stories/video-seiu-protesters-take-over-bank-hq-to-protest-ceo/
More:
Wade Rathke’s Startling Admission: ‘Economic Terrorism’ Engineer Stephen Lerner Is Still on SEIU
The Blaze ^ | 3/28/11 | Scott Baker
Posted on Monday, March 28, 2011 2:39:55 PM by Nachum
http://www.freerepublic.com/focus/news/2695932/posts
On Sunday morning, The Blaze posted a story about the “return” of ACORN on the world-wide scene. While reading through some of the background material on that story, I noticed something significant.
ACORN founder Wade Rathke has been busy mocking the story that broke on The Blaze earlier this week about a multi-front plot to target JP Morgan Chase in an attempt to crash the stock market. We’ll look at his criticisms in a second. No need to bury the lede here. Rathke seems to answer the question we’ve been asking all week does bank plotter Stephen Lerner still work for SEIU? Rathke says Lerner is still very much on the SEIU payroll:
Lerner has not been “fired” by SEIU as they report. He was placed on paid leave last fall to think through his contribution to the union, but was certainly present at the recent international executive board meeting.
This is important for several reasons not the least of which is that this ties the plot to destroy the American economy much more closely within the ranks of the organization that time and time again President Obama has declared to be most important to him strategically and politically.
If you are not familiar with our original report click here.
(Excerpt) Read more at theblaze.com ...
That makes sense, but also doesn’t. Mr. Rodgers said ONE. Not two, not a theme. “One” is a unique number.
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