Saturday 11 June 2011

Jim Rogers Talks Silver, Why Bernanke is Clueless

In his latest interivew, Jim Rogers talks to the WSJ about the global economy. Highlights: China's growth prospects, why bailouts are bad for growth, and the seemingly inevitable dollar collapse. Also, Jim talks about why he is happy silver went down (around 14 minutes into the vid below).

Best quote (in response to claims that the auto bailout has been paid back fully), "If you and I kept our books like [the US govt] does, we'd be in jail right now. I promise you that." Runner up (about Bernanke), "If I was wrong every month for 8 years, you wouldn't have me on your show!".

The US debt discussion begins around the 5 minute mark, but the entire clip is worth watching.

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