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I am more concerned about the return OF my money than the return ON my money. --Mark Twain

 
Anonymous Coward
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09/15/2008 04:43 PM
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I am more concerned about the return OF my money than the return ON my money. --Mark Twain
'The US dollar is in trouble'
SMART TALK: Jim Rogers
Jitendra Kumar Gupta / Mumbai September 15, 2008, 0:04 IST

Legendary investor Jim Rogers is probably the last word when it comes to investments in commodities. Along with George Soros, he co-founded the Quantum Fund in 1970. The fund went on to deliver absolute returns of 4,200 per cent in the decade that followed, while the S&P 500 delivered only 50 per cent during that period.

Rogers correctly predicted China's resurgence as an economic superpower way back in the 80’s and that crude oil will touch the $100 mark. His last two books, ‘A Bull in China: Investing Profitably in the World's Greatest Market’ and ‘Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market’ have been well received.

Rogers was in Mumbai on the occasion of the launch of the Birla Sun Life Commodity Equities Fund. At the conference and in an interview with Jitendra Kumar Gupta, he shared his outlook on commodities and the world economy. Excerpts:

How can one identify the start of an upward or downward cycle in any commodity?

In the late nineties, when I came with the conclusion that the commodity bear market is ending, I could see that no body has build offshore drilling rigs and tugs since 1981, with drilling declining for 15-20 years. I could also see that the inventories of food, which were very high in the mid-eighties, had gone down to nothing.
------------------------------------------------------------

Just heard the Fed is going lower rates by 50 points!!!
Anonymous Coward (OP)
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09/15/2008 04:48 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Jim Sinclair’s Commentary

The dollar will trade at .62 and .52. Gold will trade at $1200 and $1650.
mercury2

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09/15/2008 04:50 PM

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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Great quote in the subject line. I'm a major Mark Twain fan.
Anonymous Coward (OP)
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09/15/2008 04:58 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Great quote in the subject line. I'm a major Mark Twain fan.
 Quoting: mercury2

Dang things are looking bad. Just an example, I pulled in the parking lot of my local bank. I was going to rob it. The bank's president jumped out of the bushes with a 12 ga. Took my watch, wallet and then bitch slapped me. But he did let me keep my car.
Been curled up on the couch all day in the fetal position.
Dispositioner

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09/15/2008 05:00 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
"Such citizens of that village as were of a thoughtful and judicious temperament did not insure against fire; they insured against the fire company". - Mark Twain

"All say, "How hard it is that we have to die" - a strange complaint to come from the mouths of people who have had to live". - Mark Twain
You are judged by the strength of your enemies.

"When the going gets weird, the weird turn pro" - Hunter S. Thompson
Anonymous Coward (OP)
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09/15/2008 05:02 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Forgot the link:
[link to www.business-standard.com]

He wrote that before the news about the Fed lowering rates which will really kill the dollar.

Just heard HP is laying off 25,000 people, man we are so screwed !
Anonymous Coward (OP)
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09/15/2008 05:04 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
"Such citizens of that village as were of a thoughtful and judicious temperament did not insure against fire; they insured against the fire company". - Mark Twain

"All say, "How hard it is that we have to die" - a strange complaint to come from the mouths of people who have had to live". - Mark Twain
 Quoting: Dispositioner

"Thank God we are not getting all the government we are paying for!"
I think that was Mark Twain?
bsha100

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09/15/2008 05:05 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Nice quote. Our money goes to the fed, who gives it to it's banker owners.
Anonymous Coward
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09/15/2008 05:08 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
the only native class of criminals in the country are all in Congress...

or something like that...

have fun
Anonymous Coward (OP)
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09/15/2008 05:19 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
the only native class of criminals in the country are all in Congress...

or something like that...

have fun
 Quoting: Anonymous Coward 489370

I'm thinking the bottom line here is, 'Get your cash out of your bank NOW!' Who know how bad this is going to get.

Paulson and Helicopter Ben are morons. Jim Rogers and that T-bone guy should be running things!!!
-------------------------------------------------------

The lack of money is the root of all evil.
- More Maxims of Mark, Johnson, 1927

Some men worship rank, some worship heroes, some worship power, some worship God, & over these ideals they dispute & cannot unite--but they all worship money.
- Mark Twain's Notebook

Wish we had Mark twain around now, we need someone like him!
Anonymous Coward
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09/15/2008 05:20 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
I suppose in about 65 years when gold finally hits $1500 he can claim he was right if he's still alive.

5a
Anonymous Coward
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09/15/2008 05:21 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Nice quote. Our money goes to the fed, who gives it to it's banker owners.
 Quoting: bsha100


Yup.
Anonymous Coward (OP)
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09/15/2008 05:30 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Dang, Brian Williams is going to be doing Nightly News from a CNBC set. I'm getting the raw feed of a satellite. They were putting the mic on him and he was talking to folks fixing his makeup. He said ,'No. Paulson is not the best, in fact he has crashed our economic system and doomed us."
ExhaleAeonVolts

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09/15/2008 05:43 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Dang, Brian Williams is going to be doing Nightly News from a CNBC set. I'm getting the raw feed of a satellite. They were putting the mic on him and he was talking to folks fixing his makeup. He said ,'No. Paulson is not the best, in fact he has crashed our economic system and doomed us."
 Quoting: Anonymous Coward 503875


Seriously?

Why doesn't he say that when the camera is pointed in his direction? We can't fix it if the talking boxes don't tell the truth!

I have not professionally dealt in truth. Many when they come to die have spent all the truth that was in them, and enter the next world as paupers. I have saved up enough to make an astonishment there.
- Mark Twain's Notebook

No real gentleman will tell the naked truth in the presence of ladies.
- "A Double-Barreled Detective Story"

Familiarity breeds contempt. How accurate that is. The reason we hold truth in such respect is because we have so little opportunity to get familiar with it.
- Notebook, 1898

If you tell the truth you don't have to remember anything.
- Notebook, 1894

He who controls the past controls the future, and he who controls the present controls the past. -1984
Brassia Rex

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09/15/2008 05:45 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
"Credit is a wonderful thing. A year ago I wasn't worth a penny, and now I owe two million dollars!" Mark Twain
Anonymous Coward (OP)
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09/15/2008 05:51 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Dang, Brian Williams is going to be doing Nightly News from a CNBC set. I'm getting the raw feed of a satellite. They were putting the mic on him and he was talking to folks fixing his makeup. He said ,'No. Paulson is not the best, in fact he has crashed our economic system and doomed us."


Seriously?

Why doesn't he say that when the camera is pointed in his direction? We can't fix it if the talking boxes don't tell the truth!

I have not professionally dealt in truth. Many when they come to die have spent all the truth that was in them, and enter the next world as paupers. I have saved up enough to make an astonishment there.
- Mark Twain's Notebook

No real gentleman will tell the naked truth in the presence of ladies.
- "A Double-Barreled Detective Story"

Familiarity breeds contempt. How accurate that is. The reason we hold truth in such respect is because we have so little opportunity to get familiar with it.
- Notebook, 1898

If you tell the truth you don't have to remember anything.
- Notebook, 1894

 Quoting: ExhaleAeonVolts

Swear to God it's true!!! I get stuff all the time on those satellite 'Wild Feeds'. They say what they really think before reading what the Think-Tank boys write for them.
Brian is a funny guy, said he was tired. He's in NYC now but said he woke up in Dallas and said 'Alcohol wasn't a factor". He then laughed and asked if anybody had any crack to wake him up.
TRUE TRUE TRUE
Anonymous Coward (OP)
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09/15/2008 05:58 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
His lead-in for the news will be , 'Good evening I'm Brian Williams and we are coming to you from CNBC Global headquarters covering the financial crisis but first we are going to join MSNBC's live coverage of a unfolding serious situation."
Or words to that effect, I didn't tape it , just listened.
Tune in NBC Nightly News and check it out.
ExhaleAeonVolts

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09/15/2008 05:59 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
I think we need the "news" before the news broadcast on Youtube...
The satellite feed extras...so to speak!
So much more insightful.
He who controls the past controls the future, and he who controls the present controls the past. -1984
Anonymous Coward (OP)
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09/15/2008 06:19 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
I think we need the "news" before the news broadcast on Youtube...
The satellite feed extras...so to speak!
So much more insightful.
 Quoting: ExhaleAeonVolts

I get the teleprompter feed also and everything they say is on it. It's fun to know what they are going to say before they say it.
One time I saw Tom Brokaw looking at some papers and he asked, "Who wrote this shit?, I'm not reading it." Somebody showed up and made some changes and then Tom was happy!
Anonymous Coward (OP)
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09/15/2008 06:21 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
If I put this stuff up on youtube, then they would start scrambling the feeds.
mercury2

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09/15/2008 06:23 PM

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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain

Wish we had Mark twain around now, we need someone like him!
 Quoting: Anonymous Coward 503875


worship P.J. O'Rourke
Anonymous Coward (OP)
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09/15/2008 06:26 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
They just changed the lead-in, now he's saying 'we are covering the meltdown that brought wall street to it's knees, how and why did it happen.'
Not sure which one they will go with.
AQ 7
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09/15/2008 06:26 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
I voted "5 stars" for the quote. Loved it!
Anonymous Coward (OP)
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09/15/2008 06:31 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
I voted "5 stars" for the quote. Loved it!
 Quoting: AQ 7 502738

People like Mark Twain, Will Rogers and P.J. O'Rourke should run the country.
mercury2

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09/15/2008 06:47 PM

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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
I voted "5 stars" for the quote. Loved it!

People like Mark Twain, Will Rogers and P.J. O'Rourke should run the country.
 Quoting: Anonymous Coward 503875

P.J. for President! (Dave Barry is a Libertarian too.)
Anonymous Coward (OP)
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09/15/2008 07:03 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
I voted "5 stars" for the quote. Loved it!

People like Mark Twain, Will Rogers and P.J. O'Rourke should run the country.

P.J. for President! (Dave Barry is a Libertarian too.)
 Quoting: mercury2

ONWARD THRU THE FOG!!

Quayle coming on, wonder he will be live seeing as how it's the end of the world and all!
Anonymous Coward (OP)
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09/15/2008 07:42 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
DOW futures already looking grim!!!!

Dow Jones -44.00 10905.00 9/15 7:24pm
Anonymous Coward (OP)
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09/15/2008 07:46 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
Mr. Twain was one smart guy!!
-----------------------------------------------------

I think it is not wise for an emperor, or a king, or a president, to come down into the boxing ring, so to speak, and lower the dignity of his office by meddling in the small affairs of private citizens.
- Mark Twain in Eruption

The government of my country snubs honest simplicity, but fondles artistic villainy, and I think I might have developed into a very capable pickpocket if I had remained in the public service a year or two.
- Roughing It

That's the difference between governments and individuals. Governments don't care, individuals do.
- A Tramp Abroad

...no country can be well governed unless its citizens as a body keep religiously before their minds that they are the guardians of the law and that the law officers are only the machinery for its execution, nothing more.
- The Gilded Age

The mania for giving the Government power to meddle with the private affairs of cities or citizens is likely to cause endless trouble, through the rivaly of schools and creeds that are anxious to obtain official recognition, and there is great danger that our people will lose our independence of thought and action which is the cause of much of our greatness, and sink into the helplessness of the Frenchman or German who expects his government to feed him when hungry, clothe him when naked, to prescribe when his child may be born and when he may die, and, in fine, to regulate every act of humanity from the cradle to the tomb, including the manner in which he may seek future admission to paradise.
- "Official Physic," reprinted in The Twainian, 11/1943
Anonymous Coward
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09/15/2008 07:51 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
"Credit is a wonderful thing. A year ago I wasn't worth a penny, and now I owe two million dollars!" Mark Twain
 Quoting: Brassia Rex

ROTFL, that's the truth of it right there!
Brassia Rex

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09/15/2008 10:08 PM
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Re: I am more concerned about the return OF my money than the return ON my money. --Mark Twain
They just changed the lead-in, now he's saying 'we are covering the meltdown that brought wall street to it's knees, how and why did it happen.'
Not sure which one they will go with.
 Quoting: Anonymous Coward 503875

I didn't see the intro, but saw most of the reporting. It struck me that NBC was doing some heavy advertising for CNBC under the guise of "news".





GLP