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Fed should be dissolved: Rogers

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Uploaded by on Nov 4, 2009

Jim Rogers, chairman, Rogers Holdings, says that the US is the biggest debtor in the world...

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  • Jim advocates sensible fiscal and monetary policies. One of my favorites lines from Jim is, "You don't solve a problem caused by too much spending and too much debt with even more spending and even more debt." I also love to hear him lambaste Wall Street and the Federal Reserve. If only the USA's politicians understood economics. Unfortunately, economic ignoramuses have governed the USA for twenty years.

  • Keynes is economic witchcraft.

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  • How about 15 million jobs.

  • Exactly! The American Dollar would be worthless in the near future if the Fed continue with this policy. Ultimately, the loser is none other than honest hardworking American citizen.

  • So 300 million Americans will pay more for imported goods just to save a few thousands job. What a wise move!

  • You mean tariffs supports socialism. What does re-distribution the American Middleclasses wealth to the third world sound like. We need a 50% tariff on all products entering the country. That protects american workers from the cheap, unregulated third world labor markets.

  • you mean free traders.

  • America is the one practicing socialism today by imposing high duties on its import.

  • Making profits on the backs of third world 20 cent an hr. labor. is wrong. Jim is just another rich guy who has sold out his country for globalsim.

  • A great example of an American trading the stars and stripes for global socialism.

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