Sunday, September 11, 2011

Bernanke has been lying to us again

Jim Rogers : Bob, to your point, Bernanke has been lying to us again. he announced in early august that he was going to keep interest rates at a very low rate for two years. Now Bob, how is he going to do that? you can't just say the words. you have to go into the market and force interest rates down. I mean come on. what is this, you believe in the tooth fairy? he's in there. that's the only way he can do it. if you don't believe the theory of monetary policy works, get out the unadjusted numbers since the beginning of august and you will see they shot up starting at the beginning of august as soon as he said we're going keep interest rates down. so he's in the market. he may be lying to us, they usually do, but he's in there. be prepared. ...- in CNBC

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).