Jim Rogers: The Fed Will Go Bankrupt
By Kevin Brett
Jim Rogers sits in as a guest with Yahoo! Finance. A summary of his visit can be found here.
Rogers dismisses Dr. Ben as “just an Ivy League professor” who has never been right. According to Rogers, Bernanke has been out of ideas since arriving in Washington — and that’s a good thing, because what the Fed and Bernanke have done so far has sent us down a path that the economy might never recover from. The stimulus from two rounds of quantitative easing are only the most recent and public, and have been likened to giving a drunk more booze to avoid a hangover, according to Rogers and many trading economic-types. At this point, rather than just a hangover, the economic patient is headed for the morgue. Rather than a severe recession or even depression, we’ve been putting off feeling the pain, stashing a few trillion of bad debt here or there, and hoping it goes away. It won’t, in Rogers’ view.
Read more at Campaign for Liberty
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