Friday, August 22, 2014
The Banks Are Going to Panic and Print More Money
What I suspect will happen is that America will continue to cut back a little bit but, eventually, it is going to have an effect on the market and then America will start printing money again. But in the meantime, when America continues to cutback, Europe is coming into the market and printing more. On the other hand, Japan and the UK are not cutting back. So, if the US cuts back for a while before it returns, Europe, it seems, will increase its money print. In that context, it is better to buy US dollars rather than euros at this point. I don’t think any of these banks will stop printing permanently because when things start going wrong, they’re going to panic and print more.
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).
at 9:19 AM