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IPFS News Link • Economy - Economics USA

Jim Rogers Warns Clueless Federal Reserve Will be the 'Ruin of Us All'

• https://www.lewrockwell.com

Not everyone is a fan of the Federal Reserve System or any of its chairmen.

The Fed doesn't have any idea what it is doing, and this ineptness will be "the ruin of us all," says Jim Rogers, co-founder of the Quantum Fund, and perhaps the most charming man in the financial world.

Speaking in an interview with Bloomberg on Tuesday, Rogers explained that the United States central bank has driven interest rates to historical lows, causing the rest of the world to follow down the same path. This monetary policy experiment has also enabled debt to skyrocket unlike we have ever seen before.

"This is all going to end very, very badly," said Rogers. "You don't have to worry. You have job security because somebody is going to have to report on this disaster."

The anchor went into defense mode and came to the aid of Ben Bernanke and Janet Yellen. Rogers didn't have any of it, though.

 


www.universityofreason.com/a/29887/KWADzukm