Jim Rogers - buying agriculture, getting out of dollars, getting rich

And the "Bernanke is an idiot" quote is priceless...

Bernanke: 2005 - Nah, there's no housing bubble. 2007: The subprime problem has been cointained. 2008: Oh, crap, whoops, my bad. We're toast.

"To date, the largest economic effects of the financial turmoil appear to have been on the housing market, which, as you know, has deteriorated significantly over the past two years or so."

-Ben Bernanke, February 14, 2008

HousingPANIC Stupid Question of the Day

Can you picture a world of $200 oil, $2000 gold and $2 US dollars to the Euro?

Ben Bernanke can.

Ben Bernanke, who hates America, is testifying to Congress live right now, expects housing to bottom by Spring. Ron Paul now foaming at the mouth.

Man, I can't wait for Ron Paul to stick it to him. Here's what I'd have to say for starters

Mr. Bernanke, thank you for having the guts to come in front of this panel and try to explain your treasonous and stupid actions these past few months.

You've lowered rates in an inflationary environment. Since your stupid cuts, oil, gold and other commodities have soared. The dollar is in a historic freefall. And the the world no longer trusts the the United States. Your #1 job is to protect the US against inflation and to be a champion of our currency. You've failed miserably at both counts.

So my first question sir is - are you stupid, or are you corrupt?

Bernanke is talking about the wave of resets about to hit (no sh*t sherlock). He's talking about making sure subprime problems don't happen again (a bit late there Ben), and is talking about how the Fed is on schedule to post new fair lending rules by the end of the year.

Schumer just asked him about China bailing out of the US dollar, and Ben says "he's not particularly concerned." Uh, Ben, be afraid. Be very afraid. The dollar is toilet paper, and the world has lost trust in you and the dollar.

Folks, I'm thinking Ben isn't as dumb or corrupt as I thought he was. Nope, he's just simply incompetent, and in over his head.

Michael Brown incompetent. George Bush incompetent.