Jim Rogers Printing Money is not the Solution never been

Jim Rogers America has become a communist Country

Jim Rogers author world traveler economic commentator and creator of the Rogers International Commodities Index "The first stimulus did not work , The second stimulus did not work The third Stimulus has to work ,they have been doing the wrong thing for over two years nothing works , I do not know why they think this is going to work...It is just going to make things worse too , The Japanese tries all this absurd stuff in the nineties it did not work then , it is not going to work for us either " Ben Bernanke is going to turn on the printing press again to finance the next stimulus this may create an inflation..."printing money has been tries many times throught history and many times in many countries in has never worked in the long term it has never worked in the medium term occasionally it has worked in the short term , it has never worked and it is not going to work now ...do not you remember George Bush and Geithner under Bush and Ben Bernanke they all tried it , they had two rounds of stimulus , Obama came and had one , we are talking about the fourth round of stimulus , this is not the second round " "Ben Bernanke was printing money already back in 2007 and he cranked up and cranked up and cranked up and he gave tax rebates did all sorts of things nothing has ever worked , this appraoch has never worked throught history , did not work in Japan , and Japan was a creditor nation , Mr Giethner claimed to be in Japan in the 1990s when , he used to say to the Japanese and to Greenspan Sommers said to the Japanese , you do it wrong this appraoch is never going to work , you know what we are doing exactly the same thing that this man and Geithner and Sommers and Greenspan told the Japanese that they were wrong , and it did not work in Japan , it is not going to work now , and printing money is going to lead to serious problems down the road " The co founder with Jim Rogers of the Quantum fund George Soros said that "due to the collapse of the credit market the Federal Reserve and the Treasury were the only sources of credit that were still credible , the Federal Reserve has to inject a lot of leverage and money into the economy , you have to print money as fast as you can expand the balance sheets of the Federal Reserve and increase the national debt " Jim Rogers disagrees with George Soros he says "I know they have already injected huge amounts of money into the system I know The Federal Reserve has more than tripled its balance sheet in the past year or so , the federal government has increased its own debt by 4 , 5 , 6 times we do not know how much because you know he took over Fannie Mae and AIG and the rest of them who had huge debt which we are now responsible for and we are responsible for AIG outbalance sheets derivatives and Fannie Mae's , even Fannie Mae and AIG do not know how big their debts are , we now the american tax payers on the hook...it is gonna get worse.."
Investment guru Jim Rogers, co-founder of the Quantum Fund in the 1980's, has long been predicting the downturn in the market we're now seeing. But he admits even he didn't think it would come as quickly and furiously as it did after the fall of Lehman Brothers last September.