Yahoo Finance - Jim Rogers: Economic Outlook 14 June 2011
"I would abolish the FED and resign" says Jim Rogers when asked what would he do if he was Ben Bernanke ; "we had three central banks in America the first two disappeared , this one is going to disappear because between Greenspan and Bernanke they have taken on a staggering amount of debt owned to the balance sheet , junk a lot of it is junk and eventually it is just going to disappear because it is going to go bankrupt they are not doing what's good for the world , first of all they have taken on this huge debt which you and I would have to pay and everybody watching this show " " and secondly they have printed all this money , we would have problems without a central bank but it is better without a central bank than with one that is like this "
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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