More of the same from Jim Rogers on CNBC Capital Connection, but I've never heard him use the phrase "inflationary Holocaust" before. In case there are those who are unfamiliar with Jim Rogers, I'll summarize what he said:
- Using his cash reserves to buy commodities (especially agriculture), Japanese yen, Swiss franc
- Thinks commodities will perform the best once things start turning around because the fundamentals for commodities haven't changed
- Central banks are setting the stage for an "inflationary Holocaust"
- Asian countries should take care of themselves (using their own reserves) and not bail out the U.S.
- Paulson, Bernanke, et al. have continued to make mistakes - why should we continue listening to them
- G7 leaders, when they meet soon, should just go to a bar and have drinks (in effect, don't mess around with things)
- Let the weak companies go under, be taken over or supplanted by well-run companies
- Using his cash reserves to buy commodities (especially agriculture), Japanese yen, Swiss franc
- Thinks commodities will perform the best once things start turning around because the fundamentals for commodities haven't changed
- Central banks are setting the stage for an "inflationary Holocaust"
- Asian countries should take care of themselves (using their own reserves) and not bail out the U.S.
- Paulson, Bernanke, et al. have continued to make mistakes - why should we continue listening to them
- G7 leaders, when they meet soon, should just go to a bar and have drinks (in effect, don't mess around with things)
- Let the weak companies go under, be taken over or supplanted by well-run companies
Thanks for the video
