Had to get this out as fast as possible Somebody at CNBC, billed as \"America\'s business channel,\" made a mistake. They allowed Jim Rogers, investor and buddy to George Soros, to get on and slam the Federal Reserve.Not only slam the Fed, but call for it to be abolished. This is a futher report from yesterday report on Bloomberg\'s Asian Finance on Final Word.Link Below is of this video your watching:http://www.infowars.com/?p=775\n\nFed Affords Dollar Brief Respite With Lower Rate Cut\nMarket had priced in full one percent cut \nPaul Joseph Watson\nPrison Planet\nTuesday, March 18, 2008\nThe dollar enjoyed its biggest gains against the Yen in nine years and pared losses against the Euro after the Federal Reserve delivered a lower than expected 75 basis points interest rate cut after traders had priced in a full 100 points cut.\n\nEarlier today, we asked whether the Fed would act to shore up the dollar in the face of a growing outcry and talk of intervention by offering only a 50 basis points cut.\n\nBefore the decision, a growing number of traders were leaning towards a whopping 1.25 percent cut but the lower than expected move gave the dollar some brief respite. \n\n Gold futures fell sharply below $1,000 an ounce but crude oil spiked following the announcement.\n\n\"The dollar didn\'t get crushed here,\" said Frank Lesh, a trader at FuturePath Trading LLC in Chicago. \"People were short dollars and long gold heading into this meeting. It looks like investors are taking some money out after this great rally.\"\n\n\"The Fed delivered the minimum to appease the overriding concerns of the market right now,\" said Mike Moran, a senior currency strategist at Standard Chartered in New York. \"Risk sentiment is a little better\" than at the start of the day. \n\nHowever, with Gulf states set to creep away from the greenback by dumping their dollar peg, the respite is only likely to be short lived and we fully expect to see further dollar erosion on a gradual basis over the coming weeks and months. abolish, alex, america, anti, bankrupted, crash, dollar, fed, fiat, gone, jim, jones, knew, lost, market, money, reserve, rogers