Jim Rogers : “What [U.S. Federal Reserve Chairman Bernanke] is doing is madness, what most central banks are doing is madness,” Rogers punctuates. “I am sure Mr. Bernanke wants to get out before the problems really erupt next year or a year after. This is not going to be fun.”“You know there are trillions of dollars being printed,” Rogers laments. “The people, who are receiving all of this money, are having a very good time right now. Unfortunately it is not official and it is going to come to an end ... All of us are going to pay a price and even the ones who are having a good time right now … are going to have problems.” -
in ET Now
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%.
