Jim Rogers : “The central bank has been printing staggering amounts of money, and the government has been spending a lot of money because they wanted Mr. Obama to get re-elected,” “That's still spilling over into the economy.”
“We should all be terrified of what has happened, because governments around the world are printing huge amounts of money and spending huge amounts of money,” “The debts are going up like a rocket. This is going to end very badly,” .“Fed Chairman Ben Bernanke has said he's going to keep doing this until 2014 or 2015. The man doesn't know anything about economics. He doesn't understand finance or currencies. All he understands is printing money.”
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in Newsmax TV
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%.
