Disconnect between financial media and reality.

VIDEO: Jim Rogers Blows Up Reuters Int. ... Fed ALREADY in Secret 'QE3'

Thursday, February 23, 2012 – by Staff Report

Jim Rogers

We already have QE3  ... Get out the Federal Reserve's balance sheet. You'll see that they've been pumping up – you can see unadjusted M2 is going through the roof. Look at their balance sheet.  ... All sorts of assets are suddenly appearing on their balance sheet. Where did they come from?  They didn't come from the Tooth Fairy; they came because they're in there buying in the market as fast as they. There IS QE3 already.  They don't call it that but it's there. – Jim Rogers on Reuters
Dominant Social Theme: Everything's cool and this is just another normal interview.
Free-Market Analysis: This is some video with legendary financial trader Jim Rogers, and it shows the incredible disconnect between the mainstream media and reality – as enunciated by Rogers.
Of course, Reuters is not exactly our favorite news organization. It is very obviously a main asset of the Anglosphere power elite and the interview shows that right away. Rogers is asked about the leading candidates for president and Ron Paul's name is left out! Significantly, only Obama, Santorum and Romney are mentioned.
But Rogers is a savvy interviewee, and he's on record plenty of times about his support for libertarian Congressman Ron Paul. Almost immediately he mentions the candidate's name and restates a kind of endorsement of Paul's views. The Reuters questioner doesn't bother to address the issue and moves on to his next point.
These points are equally (egregiously) promotional. They hew to the dominant social themes that the Anglosphere power elite wants promoted.
The elites do not want Ron Paul to gain too much traction if they can help it. Thus, he is now acknowledged in many mainstream articles and interviews.
The power elite has also – as we have reported numerous times – apparently decided that Barack Obama's re-election is very important to them. We believe that the phony good news coming out about the US economy is evidence of this.
Rogers makes this very point in about the middle of the interview, when he lashes out at the Reuters questioner over a timeline for a renewed QE3. The "new" quantitative stimulus is ALREADY taking place, he says. It's been put in place to help Obama win re-election. (See transcript above)
Of course, this is especially notable given current stories that some Fed honchos believe no such stimulus is needed because the US economy is "improving." According to various reports, Dallas Federal Reserve Bank President Richard Fisher has repeated views that additional QE3 measures are not needed.
He's quoted as saying, "The tone is a lot better. It's not brilliant; we don't have enough new hiring taking place, [but the numbers are] definitely moving in the right direction."
Incredible. Fisher believes the official numbers, eh? Rogers is not nearly so naive (or misleading). He is convinced that the powers-that-be are doing what they can (and it's a lot) to ensure that Obama gets another term in office. Not only is the US central bank interfering in the markets and buying up financial assets, the books are generally being "cooked" when it comes to US economic figures as well.
Rogers points out that while the bought-and-paid-for mainstream news media is trumpeting the advancing US economy, the use of electricity in the US is actually going DOWN.
You can see Rogers take apart the elite memes of the mainstream media here (click on the image):