U.S. is more Communist than China: Jim Rogers

U.S. is more Communist than China: Jim Rogers

www.cnbc.com

The nationalization of Fannie Mae and Freddie Mac shows that the U.S. is "more communist than China right now" but its brand of socialism is meant only for the rich, investor Jim Rogers, CEO of Rogers Holdings, told CNBC Europe on Monday.

"America is more communist than China is right now. You can see that this is welfare of the rich, it is socialism for the rich… it's just bailing out financial institutions," Rogers said.

(visit the link for the full news article)

Communism, Socialism, Capitalism, whatever label you want to try and pin to this---This is complete BS.

Our nation has been ENTIRELY sold out.

Nauseating to no end...

"This is madness, this is insanity, they have more than doubled the American national debt in one weekend for a bunch of crooks and incompetents. I'm not quite sure why I or anybody else should be paying for this," Rogers told "Squawk Box Europe."

www.cnbc.com
(visit the link for the full news article)

I don't get this.
The USA is more corrupt than a country that doesn't allow elections?
Yeh so the USA fixes elections, but they don't just outright disallow them.

reply to post by Interestinggg


so its better to show the sharade or democracy to hide the ugly facts of one and their country

then a dictatorship whom would just say it out loud
what their intentions are?

[edit on 8-9-2008 by bodrul]

Originally posted by Interestinggg
I don't get this.
The USA is more corrupt than a country that doesn't allow elections?
Yeh so the USA fixes elections, but they don't just outright disallow them.

Yes because allowing the people to actually think that what they want means anyhting is worse than simply telling them that it doesn't. That illusion that they can make a difference is like when we give all the kids a trophy, and tell them that they are special, when they really suck at sports.

Originally posted by DimensionalDetective
U.S. is more Communist than China: Jim Rogers

We now don't allow bibles to enter the country?

We now torture Catholics who refuse to denounce their beliefs?

We now force a one-child-per-family policy and we force women to have abortions and to kill their children (in the womb AND newborn) when they go over their one child limit???

We now do not allow free speech on the internet and we don't allow internet access?

Wow. I didn't know that. Thanks for telling me.

It's so true and should be advertised throughout the US media and not just in europe. The US is essentially a communist country operating a pretend democracy. The public sector in the US is far larger on a percentage basis than the public sector in China.

Moreover it's far easier to start a business in China and the tax rates are lower. Since we know what eventually happens to communist nations, they fall apart after economic collapse, we see what future has been planned for America.

At the very least expect hyper-inflation in the near future as our currency becomes worthless and the US goes bankrupt, when they can no longer service the debt, that no one is interested in buying.

reply to post by DimensionalDetective


One more thing now that the US government has taken under the wing the two main financial institutions they can be broken down and sold to any foreign investor that the government wants from a nation or nations with private agendas and money to spare.

Interesting because we can never anymore tell who's fat pockets are been fill at the expenses of tax payer money while profits are made.

Ive said this for a long time...I moved from Sweden 20 years ago, a socialist country to get away from the BS, and entered the U.S, only to find out that the whole "land of the free" things is also just BS........

There are many countries that are "as" free, or more free than the U.S

When we have a government that is up to their necks on the butt holes of corporate corruption you know that is no such thing as a bail out of the economy they are bailing out all those campaign donors and their own fat dirty pockets.

Because most if not all congress are swimming in corporate ca-ca using tax payer money to cover their rotten butts and those of their corporate cronies.

Indecent,

reply to post by FlyersFan


I think Mr. Rogers was economically speaking. For me, it raises very concerning red flags. Think of it this way, people's social interactions or their norms and choices cannot be controlled directly by the State. In order for the STATE to have a lasting and meaningful change according to them, is by influence of the economy. Once this is accomplished, it is far easier to alter people's choices since these choices are removed or arbitrary incentives are placed by the state to guide people on what they should do.

This is what every state has done, particularly socialist/or fascist states, what I think concerns Mr. Rogers and myself for that matter is the U.S. government now will have direct control of the entire housing industry, they can now in affect decide who will purchase homes and at what rate. This is blatant "Socialism" or technically Fascism...


[edit on 8-9-2008 by Gateway]

no doubt , USA has been corporate socialist ,.i.e communism for corporate welfare , no wonders , it creates fake threats like al-qaida blah blah and then provides money to fund military industrial complex

USA is communist,for the military industrial complex,by the military industrial complex

while USA means genocidal fascism for third worlders and corporate fascism for its people

Originally posted by FlyersFan

Originally posted by DimensionalDetective
U.S. is more Communist than China: Jim Rogers

We now don't allow bibles to enter the country?

We now torture Catholics who refuse to denounce their beliefs?

We now force a one-child-per-family policy and we force women to have abortions and to kill their children (in the womb AND newborn) when they go over their one child limit???

We now do not allow free speech on the internet and we don't allow internet access?

Wow. I didn't know that. Thanks for telling me.

Sounds more like an authoritarian regime than communism to me...

Just sayin...

[edit on 8-9-2008 by Marmelade]

My dearest Flyer this no about China civil rights this about misused of government power and tax payer money to pursue what could be called corporate agendas in a government that is not longer a government ruled by the people.

Sad actually when you realized how gone our government truly is at this point.

Originally posted by FlyersFan
We now don't allow bibles to enter the country?

We now torture Catholics who refuse to denounce their beliefs?

We now force a one-child-per-family policy and we force women to have abortions and to kill their children (in the womb AND newborn) when they go over their one child limit???

We now do not allow free speech on the internet and we don't allow internet access?

You think they don't want to? Seems like they're pushing communist ideals on us all the time, and slowly but surely people are getting used to it. The police state is a fine example of this. Just scare the unawares with something (like terrorism) and they'll give in. A generation or two from now and you may be considered a terrorist for practicing certain religions.

Sadly most americans dont know the difference between socialism, communism, authoritarianism, and anarchism and use these terms interchangeably

Nice to see that you guys picked up a trick from the UK for a change - we did the same thing with northern rock, or our "government" did.

Look out in the future for someone who leaves government "advising" on the board.

Pretty much the same as our ex-PM did with northern rock here

Doncha just love the modern version of "democracy" - we pay for the good times, and the bad.

reply to post by pexx421


Yes! A star for you! Communism was for the means of production to be owned by the many, not the few. The profit would go, instead, to the worker. It would go to the many instead of the few. The will to work would be driven by the want to help the community rather than greed. It would be a classless society - unfortunately, China and the USSR seemed to forget that there exists different classes in power, too.
Anyhow, with true communism, there would be no need for welfare. Capitalism created welfare, because too many people fell through the gaping cracks. (Not saying that true communism is achievable, or that it is unachievable.)

So America is still capitalist. Hyper-capitalist, perhaps. With more state involvement.

reply to post by Interestinggg


I don't know this Jim Rogers person, nor do I want to. If he had such an ignorant statement, I am sad for him. I would give him the same advice I would give a person that revealed such ignorance and stupidity: go back to school, there is still time for you to learn...(not)

Yes indeed.

Remember the horror story that 'socialized' medicine, a public health care system, was going to plunge the US into the burly depths of communism?

And now, the largest government take over in history of two entities that control $6 trillion in debt has taken place.

I seem to recall some of the Republican candidates saying that the free market should look after what keeps people alive, health care, and that that'll fix everything.

Well the free market 'aint so free no more.

As far as I can tell, Fannie and Freddie are not nationalized just yet. But for example, Venezuela recently nationalized a concrete making firm - and people said that that was a dastardly act of socialism.

Now, two massive mortgage lenders in the US are practically nationalized - and all the market speculators are spouting that it's a good thing!

Uh... Watch this space. And this is on its way to White House:

Speaking before voters in Colorado Springs, the Republican vice presidential nominee claimed that lending giants Fannie Mae and Freddie Mac had "gotten too big and too expensive to the taxpayers." The companies, as McClatchy reported, "aren't taxpayer funded but operate as private companies. The takeover may result in a taxpayer bailout during reorganization."

www.huffingtonpost.com...