{"id":4811,"date":"2009-05-20T07:29:11","date_gmt":"2009-05-20T12:29:11","guid":{"rendered":"http:\/\/www.shotinthedark.info\/wp\/?p=4811"},"modified":"2009-05-20T07:29:11","modified_gmt":"2009-05-20T12:29:11","slug":"the-obama-rally","status":"publish","type":"post","link":"http:\/\/www.shotinthedark.info\/wp\/?p=4811","title":{"rendered":"The Obama Rally"},"content":{"rendered":"

“See? Look!\u00a0 Obama is <\/em>a great president! The Dow is rallying!”<\/p>\n

Right. In the same say that your family’s economy “rallies” when someone gives you another credit card.\u00a0 Government – governments around the world, really – Aare printing money faster than “Twilight” novels.<\/a><\/p>\n

I’m not buying shares if that’s what you mean. Not at all,” Rogers told “Squawk Box Asia.””The bottom will probably come later this year, next year, who knows when,” he added.<\/p>\n

Governments have not solved the essential problems that caused the crisis but instead they “flooded the world with money,” according to Rogers. Trying to solve the problem of too much consumption and too much debt with more consumption “defies belief” and will not work, he said.<\/p>\n

“I mean \u2026 you give me 5 or 6 trillion dollars, I’ll show you a very good time, there’s no question about that,” Rogers said.<\/p><\/blockquote>\n

Indeed, dropping five or six trillion dollars from airplanes over the country would probably do the world a lot more long-term good than the government’s plan – if you could find enough planes to haul that much money.<\/p>\n","protected":false},"excerpt":{"rendered":"

“See? Look!\u00a0 Obama is a great president! The Dow is rallying!” Right. In the same say that your family’s economy “rallies” when someone gives you another credit card.\u00a0 Government – governments around the world, really – Aare printing money faster than “Twilight” novels. I’m not buying shares if that’s what you mean. Not at all,” […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[57],"tags":[],"class_list":["post-4811","post","type-post","status-publish","format-standard","hentry","category-economy-and-the-market"],"_links":{"self":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4811","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4811"}],"version-history":[{"count":0,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=\/wp\/v2\/posts\/4811\/revisions"}],"wp:attachment":[{"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4811"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4811"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.shotinthedark.info\/wp\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4811"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}