Jim Rogers : The FED already started QE3

Jim Rogers : "I do not know if they [the Fed] will announce it," Jim Rogers told India's Economic Times in an interview this morning "I know they are going to print more money. They already are. If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming from the tooth fairy. "They are a little bit embarrassed because they announced QE1 and QE2, and it did not work. So they may try to discuss it. They may just continue to do it without getting egg on their face again, but they are going to print money, they are all going to print money. It is the wrong thing to do, but that is all they know how to do."

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%.

QE3 is already here

Jim Rogers: QE3 is already here, Alix. Get out the numbers for non-seasonally adjusted M2 and you will see that Mr. Bernanke said that in the summer we are going to keep rates artificially low. Now you can’t just say the words. You’ve got to do something. And so they went into the market. The money supply numbers skyrocketed. They are in there. They are in there buying already. You can’t just say the words. You’ve got to do something and they are in there buying. And that’s why M2 has exploded. They are already easing and they may ease some more. Again, I told you, the worst risk facing us is the United States central bank which doesn’t have a clue what they are doing. - in the street.com

Jim Rogers : there is already QE3

Jim Rogers : there is QE3 as you now the FED is pumping money into the system,Bernanke last August said he is going to keep interest rates artificially low , the only way you are going to do that Jeff is to go in the market , he is in the market , M2 numbers since this august when he announced it have jumped up , they're in the market Jeff They're lying to us , One reason the markets are holding up so well is that they are printing money as fast as they can.

Larry Summers on QE3

Larry Summers , former National Economic Council director for the Obama administration from 2009 to 2011 . Larry Summers believes that the economy is recovering despite being in a soft phase due to many factors like the problems in Japan ...we have hit a difficult patch because of a confluence of events he said