March 12th, 2008 Jim Rogers, co-founder of the Quantum Fund along with billionaire investor George Soros, expressed his unequivocal view on the Fed’s $200 Billion bailout plan - abolish the Federal Reserve.
More than headline grabbing, Rogers’ view is based on very sound logic. Though we all know the Fed is not going to be abolished anytime soon, he will probably use today’s interview on CNBC Europe to tell the world “I told you so” if the US economy goes as he expects. So far, he’s been dead on nails by calling for climbing oil, a falling US dollar and climbing agricultural prices. Read this post from November 14th in which I reported his calls on these very items.
Click here to read the blog in its entirety.
Regards,
AGORACOM
3 members recommend this.
Larry Reaugh provides outlook on recent acquisition of 400K acre coal property
