Jim Rogers: Fed Currency Debasement Is A Disaster For The Whole World
Rogers: It’s a disaster for all of us, for the whole world. They never should have done it in the first place. Because they are bureaucrats and academics, they didn’t know what else to do. It’s going to be terrible. Never in the history of the world has debasing of currency been good in the long term or the medium term. Sometimes it has helped in the short term, but it’s certainly not going to be good for us in the long term.
And this is the first time in recorded history when you’ve had all major central banks printing money at the same time, so when this ends, it’s going to be a disaster for the whole world.
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