“The way to solve this problem is to let people go bankrupt,”

“All of this pumping money into the system is not going to save it - see what the market is saying, it’s saying we don’t buy that, let people go bankrupt.

then you hit bottom and then you start over. The people who are sound will take over the assets from the people who aren’t sound and we'll start over. This is the way the world has worked for a few thousand years,”

“We’re setting the stage for when we come out of this of a massive inflation holocaust,”

: “Never before in world history were people able to buy houses with no money down, many people bought four or five houses with no money down and no job and then they did it with cars and student loans and credit card loans, you just think we say well that’s too bad we’re gonna start over nobody loses his job….be realistic."

“go down to the bar, have a beer and leave the rest of us alone, let the people who are sound succeed and let the other people fail.

What I’m afraid of is they’re gonna keep doing what they’ve been doing - which the market hates, you can see the market hates it - because this is going to unleash rampant inflation around the world, rampant confusion in the currency markets and you’re gonna have currencies gyrating all over the world,”

“inflationary holocaust”.



A CNBC expert then expressed his confusion at Rogers’ argument that overprinting of currency caused hyper inflation, seemingly displaying less grasp of basic economic cause and effect principles than a 5-year-old would. Rogers again made the point: “When you print gigantic amounts of money and you flood the world with money, throughout history that has led to inflation.”



-Paul Joseph Watson, ("Rogers: Global Bankers Have Unleashed Inflationary Holocaust," PrisonPlanet.com, 10.10.08. Image: "Worthless," BillStClair.com, 2008).