Jim Rogers: Close the FED ! March 21, 2011

March 21, 2011 : Jim Rogers sounds off on FED , the FED's many mistakes will lead to its demise, the FED creates more problesms it does not solve them ...QE2 will end with higher interest rates higher inflation lower US Dollar , currency turmoil


Jim Rogers : " (QE2) will end with higher interest rates higher inflation lower US Dollar , currency turmoil , it's going to end very badly for all of us , I mean it's a disaster what they are doing , the good news is that they are making so many mistakes that they are ultimately will lead to the demise of the Federal Reserve and we'll finally going to get rid of the central bank at the united states "
"close the Federal reserve , look we had three central banks in the US history , the first two disappeared this was going to disappear too , between Greenspan and Bernanke they make so many horrendous mistakes , three years ago the US central bank had 800 million of government bonds on its balance sheet , now it got who knows may be three trillion of garbage and junk and they continue to add more leverage , more money in circulation , more currency , I mean this is a disaster for all of us , look without a central bank the world has problems, but the world does not have as many problems as this central bank is imposing on us as American citizens and in the world "

Jim Rogers : I missed the opportunity on Shorting the Sterling

Legendary investor Jim Rogers from Singapore speaks to the BBC about the dire future for the British economy and the British sterling , "it is pretty simple Jamie the North Sea Oil is drying up according to your government , you've been a net exporter now you are about to be a net importer again , that's a huge shift , and the financial system which has also been a huge contributor to the UK's balance of trade is also now finished , I mean you are not going to make much money there again , your banks according to your own government are all in serious trouble so the major sources of income for the UK are now disappearing , and that's gonna lead to serious problems with your currencies it always has "