11/2/2007-Part 2 Jim Rogers Interview On Bloomberg

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[MaverickCentricity]

"I would abolish the Fed and resign"

Best Quote Ever

[Tasadaru]

Guess who else shares Jim's idea of the Fed? Ron Paul. That is why we must elect Ron or else we will all be screwed. Ron Paul 2008!

[jarhead1857]

Man, one smart guy

[clint0nify]

@Tasadaru Jim actually supported Ron Paul in his campaign. Theres an interview on here somewhere just do a "ron paul jim rogers" search.

[pretorious700]

wow, Betty is way fine

[Tasadaru]

"Abolish the Fed and resign." Hmm, I wonder who also said that? Oh yeah, Ron Paul! Go figure.

[KLguy133]

Reserves are not held in raw currency they are in the form of US treasury bills which are in USD not Euro or GBP or anything else.

PRC were fools they were suckered into buying tons and tons of Tbills and now they got this problem.

[kyakko]

my understanding is that the prc no longer just pegs the RMB to the US dollar. instead, it's spread across several currencies, including the euro and the dollar.

[avisionofsorrow]

Many people like him have been writing and warning about this for over a decade. If you understood and followed current economics you could have seen it yourself. None of it happened over night.

[caganb]

How come our gov didn't see any of this? What the hell is wrong with our leaders? Why are they in office? I guess to go to fancy AIG parties at our expense