Jim Rogers : Investors Must Own Real Assets

Jim Rogers : "...Bernanke loves to debase paper money , this is not good for the world all these central banks flooding the world with paper money gonna have to own real assets in order to protect yourself ..." "...when the central banks start to agree with me , I am gonna have to start worrying , Mister Bernanke has never been right about anything ...come on please for goodness sake , I do not know why you pay any attention to him anymore and the other guys ...these guys do not have it right , all the things they have done have not worked , the world economy is still in trouble and perhaps getting wore and in the meantime they have been destroying the savings and investing class , you know the class of people who save who pay their bill to who invest in the future , these people have been destroyed , this is not good what the central banks are doing ..., please I hope I disagree with him for a long time ..." "I'd rather have the Europeans running the U.S. central bank than the people running the U.S. central bank, least they know how to try to build for the future,In America, Bernanke just says we'll print more money, we'll spend more money, even though the United States is now the largest debtor nation in the history of the world. Nothing Bernanke has ever said has turned out to be right , please go back to his record ad you will see , the man just does not understand economics does not understand finance , does not understand currencies , all he understands is printing money this is not going to work...."
"...Obama ? he'll print more money to , Obama does not know any better ... The things that have worked in the past... will be you go bankrupt then you re-organize and you start over. You have a painful period for awhile, and then you start over. This has been done in the past 3 or 4 thousand years, and that's the way you do it,... Trying to push the problem out to the future, and printing money, we just had another example here in the U.S., it didn't work and it's not going to work."
"All the central banks are building up their balance sheets ...,that's called printing money in certain circles , that's called quantitative easing , throughout history when governments have printed money the only way , the main way to protect yourself and to make money is through real assets her it is silver or rice or natural gas ..you pick it ...paper money is not going to do it for you ..."
This script was done manually and hence it is approximate and should not be taken literally....