Apr 18 2008
Bernanke buys Bear Stearns traders’ Maseratis
Jim Rogers was his usual outspoken self when interviewed on Bloomberg’s Morning Call. Breathing fire from the start he stated his disdain for the Fed’s supposed ’strong dollar policy’ (”Do you even bother reporting that anymore?”):
Anyone who is watching or listening to this should get out of the dollar because the Fed has given up
Interviewer: Where do we go from now?
Throughout history the place to be when a currency has been under duress is to be in real assets…I own gold, I own Oil, I own all the stuff
He also has a few choice words for Ben Bernanke and the Bear Stearns bailout. Watch the video here.
Those Maseratis don’t buy themselves.
How is Jim Rogers an expert on banking and the FED? He’s 13000 miles away in Asia. He’s got his finger on the pulse of outsourcing and betting on commodoties and coffee beans. But how does that make him qualified to run a central bank? He’s too busy showing american businesmen how to outsource everything at slave wages to truly have time to be an expert at running a central bank.