Wednesday, August 10, 2011

Everybody loves free money

Jim Rogers on CNN 08/10/11 -


Jim Rogers : here in Asia it means mass destruction of currencies and inflation everywhere this is not good for the world this is terrible terrible few are making money out of it , but this is terrible terrible news , now you have more currency debasement and more inflation ....the Renmimbi is gone up because of this and the Aussie dollar is about to rally because of it , you see the US Dollar already going down because people realize , well they are just going to print more money they are going to keep interest rates artificially low , no this is not good for America this not good for the world . .... yes everything is going to go up , everybody loves free money , but eventually the reality of free money in artificially low interest rates has to cause more inflation and more turmoil in the end , that's why the markets have been going down for the past several weeks because they understand it was not good , but now we are having a relief rally and everybody is saying thanks goodness there is more free money coming but in the long run it is bad for all of us including emerging markets .....


Jim Rogers is a bestselling author, financial commentator and successful 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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