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Jim Rogers, on Bernanke, the Federal Reserve, and why the US May just be Screwed
Alex Stanczyk (August 20th, 2008) Writes:
Alex’s Notes: Dont know about you, but I consider Jim Rogers to be a very smart man. You dont become a Billionaire in commodities by being stupid. He has some very interesting things to say about the Federal Reserve Chairman Ben Bernanke in a recent interview.
In my opinion, this guy gets inflation and the big picture better than just about anyone.
8.19.2008 Latest Jim Rogers Interview,
During a 40-minute interview during a wealth-management conference in this West Coast Canadian city last month, Rogers said that:
• U.S. Federal Reserve Chairman Ben S. Bernanke should “resign” for the bailout deals he’s handed out as he’s tried to battle this credit crisis. • That the U.S. national debt – the roughly $5 trillion held by the public– essentially doubled in the course of a single weekend because of the Fed-led credit crisis bailout deals. • That U.S. consumers and investors can expect much-higher interest rates
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