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Worldwide Quantitative Easing
Who Should the Next FED Chair Be?
September 17, 2013
Business Insider Interview
WORLDWIDE QUANTITATIVE EASING
Jim Rogers hopes the FED will stop printing money.
This is the first time in recorded history that all of the major banks are trying to debase their currency at the same time.
The Japanese said they will print “unlimited” (their word) amounts of money, so Washington said “We can do that!” so America started printing a trillion dollars a year.
So England said, “Wait a minute guys, we can do it.” The Europeans said, “We will do what is necessary.” (their term).
It is going to come to an end. Either the market is going to force it to end or they will come to their senses.
He is an absolute disaster.
They’ve printed staggering amounts of money, they’ve ruined the balance sheet. It’s gone from being full of government bonds to more than quadruple in five years.
WHO SHOULD THE NEXT FED CHAIR BE?
We should abolish the Federal Reserve.
The world without a central bank has problems, but this central bank – they all want to print money for their friends, and hope that will save things until the next guy comes along and prints money.
Another Week on Wall Street
words and music Elaine Diane Taylor
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from the album Coins and Crowns