Date: 4.30.09
Another great interview of Jim Rogers. It appears the Youtube videos that were uploaded left off a chunk of the beginning which is fine. If they become available, we will post them. For long time readers of this site, its a bit of the same with a bit more emphasis on inflation. This Jim Rogers interview is cutted up in 3 parts , roughly 35 minutes long. Enjoy.
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May 6th, 2009 at 12:59 am
Great interview!
I do, however, disagree with one thing Mr. Rogers said in Part 1 regarding the Fed. He suggests that the people at the Fed (and the Treasury) are idiots making idiotic decisions. While this may seem to be the case to outside observers, I don’t believe that the decision makers don’t know what they are doing. I am a believer that they know exactly what they are doing.
The current administration essentially ran on a platform of weakening America. The economic policies of the Treasury, the Fed and Congress are effectively doing this, so, we (ahem, those who voted for this) are getting exactly what we asked for.
In order to globalize and equalize across the world, the economic might of America must be weakened. One unfortunate side effect of this will be the total destruction of the middle class. This is happening right now, as evidenced by vaporization of 401k’s, increased taxes and other policies focused on education and healthcare that will eventually suffocate average working Americans.
Mac