The Federal Reserve’s massive easing campaign will produce a crisis for the economy, says famed investor Jim Rogers.
“The central bank has been printing staggering amounts of money, and the government has been spending a lot of money because they wanted Mr. Obama to get re-elected,” he tells Newsmax TV in an exclusive interview. “That's still spilling over into the economy.”
Central banks across the world are matching each other virtually ease for ease, notes Rogers.
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5 comments:
Tic toc tic toc the crash is coming. Get your priorities in order.
Approaching Greek Austerity, it appears they are going to cut the federal military first, then entitlements, then Obama's civilian army will be better funded than our US military, but first the civilians have to give up their guns.
I keep on trying to warn everyone about this and how it relates to the stock market. It's a total illusion that the stock market is up.
10:15 I agree the more you print the better it looks.
Yep - wait till milk is 8 dollars a gallon and gas is 10. Oh it's coming sooner than you think. Watch the gas prices climbing which reflects the dropping value of the American dollar. The IMF has already admitted that the Yuan is about to be the worlds reserve currency. Check mate. Thanks liberals. Thanks a lot.
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