Jim Rogers : The FED has 3 trillion of garbage and junk in its balance sheets

Jim Rogers : The FED creates problems it does not solve them! : close the Federal Reserve , look we had three central banks in the US history the first two disappeared this one is going to disappear too , between Greenspan and Bernanke they made so many horrendous mistakes , three years ago the US central bank had 800 million dollars of government bonds on its balance sheets now it got who knows may be three trillion of garbage and junk , 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 is imposing on us as american citizens and in the world "




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%.