Jim Rogers: Close the FED ! March 21, 2011

March 21, 2011 : Jim Rogers sounds off on FED , the FED's many mistakes will lead to its demise, the FED creates more problesms it does not solve them ...QE2 will end with higher interest rates higher inflation lower US Dollar , currency turmoil


Jim Rogers : " (QE2) will end with higher interest rates higher inflation lower US Dollar , currency turmoil , it's going to end very badly for all of us , I mean it's a disaster what they are doing , the good news is that they are making so many mistakes that they are ultimately will lead to the demise of the Federal Reserve and we'll finally going to get rid of the central bank at the united states "
"close the Federal reserve , look we had three central banks in the US history , the first two disappeared this was going to disappear too , between Greenspan and Bernanke they make so many horrendous mistakes , three years ago the US central bank had 800 million of government bonds on its balance sheet , now it got who knows may be three trillion of garbage and junk and they continue to add more leverage , more money in circulation , more currency , I mean this is a disaster for all of us , look without a central bank the world has problems, but the world does not have as many problems as this central bank is imposing on us as American citizens and in the world "