3 Min. Gold News – Jim Rogers – Business Insider Interview September 17.2013

3 Minute Gold News

A Quick Read for Busy People

3 minute synopsis of an interview with Jim Rogers, chairman of Rogers Holdings and author of Street Smarts: Adventures on the Road and in the Markets by Business Insider.

Topics:

Worldwide Quantitative Easing

Ben Bernanke

Who Should the Next FED Chair Be?

……………………..

Jim Rogers
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.

BEN BERNANKE

He is an absolute disaster.

America has had three central banks. The first two disappeared. This one will disappear too because between Greenspan and Bernanke they have ruined it.

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?

Nobody.

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
© 2013 Intelligentsia Media Inc. All rights reserved.
SOCAN/ASCAP
from the album Coins and Crowns

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