Jim appeared on Bloomberg giving his thoughts on Tim Geitner’s handling of the financial crisis. Enjoy.
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12. February 2009 at 5:24 pm
he really tore Geitner up in this one!
I don’t know much about Timothy Geitner, but everything I have heard thus far from contrarian analysts seems to echo what Jim Rogers is saying.
My question is: Is Geitner (et. al.) doing this to our economy because they really do want to crash the system, or do they really believe it will help along a recovery??
Mac
7. March 2009 at 4:40 pm
Mac–Let’s just look at the top 25 economies…all collapsing. What’s the chance it’s just bad luck? Take 0.5 (that’s 50-50 chance), and raise it to the 25th power to get the probability; now invert it to get a 1 chance in however many. You come up with 1 single chance in over 33 million that this was pure chance. The opposite of chance is intent (look the words up in a dictionary). What are the odds it was all intentional? The other 33+ million. Who intended it? Follow the money…