A parade of luminaries see huge budget deficits and loose monetary policy leading to higher prices. That group includes Warren Buffett, Marc Faber, and Jim Rogers.
Buffett praises government efforts now to stimulate the economy.
Yet he told CNBC that the economy “can't turn around on a dime” and that those efforts could trigger higher inflation once demand rebounds.
“We are certainly doing things that could lead to a lot of inflation,” Buffett says. “In economics there is no free lunch.”
Investment guru Faber also sees the government creating inflation.
“The massive money printing we have and the massive deficits we have now will make it difficult when there are some price pressures for the Federal Reserve to actually increase interest rates,” Faber warns.
Rogers says it’s not just the U.S. government that’s implementing inflationary policy.
“Governments are printing money everywhere, borrowing stupendous amounts,” he told Bloomberg. “Throughout history that has led to problems…and it will this time too.”
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JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
Mr Rogers,
ReplyDeleteYou undoubtedly do not read this blog.
You probably have nothing to do with this blog.
So you will probably never read this comment.
Maybe the guy doin' the upkeep on this blog will give you a heads up.
You are clearly a smart man.
For years you saw this mess coming.
We respect and admire your accomplishments and wisdom.
You wisely relocated your residence, citizenship, and holdings beyond the reach of the US Government.
A move many of us wish we could afford.
So stop with the crap about moving offshore because you wanted your girls to speak Mandarin.
It's wearing a little thin.
as far as I know Jim Rogers still pays his taxes to the US government and still holds US citizenship ...besides there is nowhere in this world where the US government cannot reach you except probably Iran and north Korea , and once you are a US citizens you will always have the US government after you for taxes , US citizens are subjects to the corporations and they need to be squeezed like lemons every fiscal year ... I think Jim rogers is very sincere about his real motivation of moving out of the US hell
ReplyDeleteThe people that saw the obvious signs and left Nazi Germany before Hitler came to power were able to look back and be glad they did...
ReplyDelete