Jim Rogers : ..the FED is already backing the market , back in the first week of August when Mr Bernanke announced that he is going to keep interest rates low for two years , if you get out to numbers you will see that unadjusted M2 shot up at the same time , he is in the Market Jeff he is lying to us again , they're there you cannot just say 'I am going to keep interest rates low for two years ' you have to do something , you think it is that easier if you said that , I can say Jeff you are going to be rich next week or in two years it doesn't work that way he is in the market , when you prop up the money supply the only way you can do that is to buy something he is in there buying something and he is lying about it...-
in CNBC
Thanks for telling the truth as you see it.
ReplyDeleteMany commentators probably agree with your positions but they don't have the financial independence to be honest about their views.
If Ron Paul only had your charm.
The URL space would not accept my e-mail address so I put our web site with nice music.
Best regards.
The FED has already done "official" QE of US$1.75 trillion or more. And yes, saying that interest rates will stay at zero for two years is equivalt to more QE. I believe there will officially be an additional QE anyway. Its truly disgusting their willingness to debase the dollar. I personally own physical gold and silver, and will continue to add more over time.
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