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Jim Rogers "I would abolish the Feberal Reserve....No country has ever suceeed in debasing the currency"

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March 14, 2008 – Comments (6) | RELATED TICKERS: GLD , C , SKF

No comment by me is needed, Jim Rogers nails it. 

Rogers: Ben making situation worse - P1 

 

Rogers: Ben making situation worse - P2

 

6 Comments – Post Your Own

#1) On March 14, 2008 at 9:33 AM, CycleFreak7 (< 20) wrote:

Hey, wait a minute ...

Ron Paul also said the Federal Reserve should be abolished, right?

Why, oh why couldn't he have gotten the Republican nomination! 

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#2) On March 14, 2008 at 10:49 AM, tdoodler (24.99) wrote:

I know gas seems to keep going up - but the headlines read that housing values are falling and retail sales have stalled.  Further, clothes and electronics prices seem to be falling and I can also see unemployment starting to creep up.  So doesnt something have to give?  Didnt the 70s teach us that you cant fight rising oill prices by raising interest rates?  Gold is up 19% ytd (annuallized - that would be close to 80%).  Are we getting way ahead of ourselves?

It seems to me that rising commodities - including oil, food and gold - is all a product of our  falling dollar - and the falling dollar is a result of the lack of leadership including an out of control congress that continues to spend money they dont have. 

 

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#3) On March 14, 2008 at 12:35 PM, lquadland10 (< 20) wrote:

This is just the setup so we can start ww 3 to get us out of this mess.

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#4) On March 14, 2008 at 1:43 PM, abitare (35.58) wrote:

CycleFreak7,

Jim Rogers endorsed Ron Paul in a Financial Times interview. "[Ron Paul] he is the only guy, who has a clue what is going on" JR said in the interview.

tdoodler,

So doesnt something have to give?

Yes, the dollar is "giving" away its' value.

cant fight rising oill prices by raising interest rates?

Rising interest rates is to save the currency (dollar)

Gold is up 19%...Are we getting way ahead of ourselves?

Not sure, I closed most of my gold positions. It depends on how worthless the dollar becomes.   

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#5) On March 14, 2008 at 3:35 PM, abitare (35.58) wrote:

Jim Rogers endorsing Ron Paul:

 

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#6) On March 14, 2008 at 4:32 PM, mindmuse (38.92) wrote:

Hmm, didn't know Rogers endorsed Ron. Good for him.

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