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Jim Rogers Says U.S. Bailouts Add to Risk of Depression

March 17, 2009

Misc.

Via: Bloomberg

Jim Rogers told Bloomberg that the U.S. risks sending the world into a depression as its bailouts of failed companies rob healthy businesses of capital.

“The U.S. is taking assets from competent people and giving them to incompetent people,” said Roger

“That’s bad economics.”

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2 Responses to “Jim Rogers Says U.S. Bailouts Add to Risk of Depression”

  1. keith fauciq Says:
    7. January 2010 at 3:50 pm

    What happens to gold/silver when the fed begins to raise interest rates?

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