Jim Rogers: They Should Have Let Citi Fail

I MEANT "BUY" CARS!!

This man - Jim Rogers - is 100 percent right. In a couple of years the Dow will be at 2.000 points and inflation at 30 percent per annum. Then people can thank Bernanke & Co. for their silly and irresponsible politics!

Alexis, your program is one of the best for business information. It is quite scary when one realizes that eight years ago we were considering paying down the 5 trillion national debt with a surplus budget, and now we seem to be in a hopeless situation and getting worse every day with no end in sight. Your guest confirmed what many of us have suspected was going on, first raiding the treasury of surplus, and now running us into debt that may well finish wrecking our country, all to keep their friends and crony`s fortunes intact and growing. Our children and grandchildren may not have much future to look forward to as a result.

What good is it to hand money over to a company that didn't manage our money well in the first place? By doing this are we letting the same management team work with our money this time around? That doesn't make any sense. Those people need to be fired and replaced with the right people.

If people would have listened to him 1 1/2 ago they would have not lost 40% of their retirement savings. The media will always push happy times. There are times when you just have to get out of the market and be happy that you are not losing money, forget the 7% yearly returns.

Excellent job Alexis. You and Jim were firing on all cylinders durng the interview. The roundtable discussion was impressive too.

Great Interview. Rogers is absolutely right. Maybe the guys from Washington and those central banks around the world can take a cue from him and other legendary economists and stop burning money bailing doomed companies

It does not hurt to bail out anybody, as there is nothing backing the dollar. Assuming the Gold is still at Fort Knox, value it at 10,000 an ounce and back the dollar. Second idea, forgive all debt, individuals, factories, banks, including the national debt etc, in other words no debt by any entity. Then on January 1st we can all start over again with the buying and credit.

Great exchange.... I felt short changed. I wish it went on a just a littlle longer.... the conversations were getting more and more interesting... At a boiling point, too bad it was cut off... I think alexis felt the same way...It was leading to a great ending...

I totally agree that we should have let citi fail. It would be the best thing for everyone, if these large banks and car manufacturers to go bankrupt. A couple of years ago, Citi Mortgage held my home mortgage. I only had 50 some thousand left on the home. I called them and asked if I could borrow $10,000 out of my equity to pay some debt. They said "No, but we can give you a $20,000 revolving credit line with a variable rate." Of course the rate got high, so I called them back and asked if I could get a fixed rate on the $13,000 that I had spent. They said "No, but we can give you a $40,000 home equity loan with a fixed rate, and pay off what you have spent so far with it." Long story short, instead of a $50,000 mortgage, I now have a $103,000 mortgage which I will never be able to pay off before I retire. Thanks Citi Mortgage!

Alexis, Thanks for having someone who is not part of the Acela-ocracy. He is the first guy you have had on that is correct and makes sense. He is right but he does not go enough. What he fails to mention is that "unstable currencies lead to unstable societies." As a currency treader he knows that when you have huper inflation you soon get dictatorsips and/or civil disaster (think gas chambers in Germany, Palestinian uprising in Isreal after their hyper-inflation in the 70s, the Argentinian civil war in the ....(well pick your decade), and Zimbabwe now). Gietner and Company are leading us into the killing fields with their hyper-inflationary "expansion of the federal reserve balance sheet"(if that is what the Acela-ocracy is calling turning on the printing presses). I think you should also follow Jim Rogers suggestion (I know it is hard when you have lived your life "east of the Hudson,") that all the brightest minds did not go to Ivy League schools). Maybe your guests should reflect that. Maybe you should have someone on who can talk about the demographic theory of economics and how it predicted this Marianas Trench Depression as well as the downturn in the Japanese economy in 1990 and onward. Japan passed 12 stimulous packages and their market never recovered. Maybe you should show that buy and hold has been a losing proposition in Japan from 1985 onward and that even buying after their crash in 1992 would, today, have left your portfolio with a third of your money it had in 1992.

Alexis Glick shows her knowledgeable and top beautiful ,graceful .it's the better performing interview with Jim Rogers .

The capitalist comments are 100 % correct. The only way out of this mess is let the markets do their thing and stay out of the way The governments idea of putting condoms on the system to control disease wont work but abstinence will

All this talk of who should or who should not get bailed out, is topical over the main problems in this country. There are forces at play regarding our financial mess which in my opinion is being orchestrated. Take the CFR and Bilderberg members elected to office out of Washington if one really wants to see a massive improvement for the United States. All the people that ran for President this year are members, except one person, that being Ron Paul. If the news media was a fair playing ground, you would already know what I just posted here. If your not informed, you can google the member titles above. May God have mercy on our Grandchildren.

Bernanke and others have made the key point that in the 1930's the government made the big mistake of letting too many banks fail. There is some element of truth to the idea that it is good to "purge the system" of incompetent people...except the incompetence is so widespread it would END the system...not cleanse it. Jim Rogers has admitted several times he is shorting the financials ETF; so he has money interest in big components like Citi failing. He has some interesting views on commodities...and makes money trading...but he does not have an objective view of systemic financial remedies...and sounds more like a republican crank when he talks about no bailouts...Previously he was saying the Fed needs to raise interest rates as we were entering the recession.

I don't understand this whole argument about too big to fail. The whole premise of investment banking is basically betting on events in a market and if they go wrong they fail it's or a broad scale more like gambling the moment you make wrong bets you fail as simple as that. Trying to bail out investment banks is insanity. Anyway for those who still are scared what would happen incase america fails well. Japan had nuclear bombs thrown at it on two of its major cities its economy was totally destroyed and they started over on a base that was left which must have been strong and see teh growth story that japan has witnessed over the last 50 years. Every country right from China in 1870's turkey russia south korea world over has gone through bad economic phases where they cleared out the excesses and started building a more sound economy.

Many things that Jim Rogers said I believe are correct. That also goes for Peter Schiff and Ron Paul. If all three agree on something then it is probably darn close to being prohetic.

Love, Love, LOVE this interview! Jim Rogers is right on the money. PLEASE have more of this intelligent conservation in the media. I'm STARVING for truth. You know, when we're sick we have to take our medicine so we can get better. Let's take our medicine and be healthy again, instead of waisting time complaining that we're sick only to discover that we've become more ill. Let's take the medicine of more accountability, more individual responsibility, less government, more savings and more industry and live again!