Sunday, June 19, 2011

Yahoo Finance - Economic Outlook 14 June 2011

"I would abolish the FED and resign" says Jim Rogers when asked what would he do if he was Ben Bernanke ; "we had three central banks in America the first two disappeared , this one is going to disappear because between Greenspan and Bernanke they have taken on a staggering amount of debt owned to the balance sheet , junk a lot of it is junk and eventually it is just going to disappear because it is going to go bankrupt they are not doing what's good for the world , first of all they have taken on this huge debt which you and I would have to pay and everybody watching this show " " and secondly they have printed all this money , we would have problems without a central bank but it is better without a central bank than with one that is like this " " we have to recognise the facts we are the largest debtor nation in the history of the world until we at least face that reality and realize that we have been printing a lot of money and start toi deal with that it is just going to get worse"



ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).
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