Simply some of the sanest thing anyone has said about the current world economy.

Here on cnbc Jim Rogers talks about the current state of the US economy, how idiotic Bernanke has been in his efforts to ’save the us economy’, the commodity markets (agriculture in particular), China, inflation, the debasing of the USD and more.

The strongest point (to the Fed); stop trying to ’save the economy’. Free markets will do a better job. Let people, companies, etc. fail. Stop printing money – it does not work. It seems the current fiscal policy is like the Doritos advertisement campaign of a few years back “crunch all you want, we’ll make more!”. Similarly – Bernanke seems to be saying “Problem? NO problem! You need $? We’ll make more!”. This cannot work. It violates the most basic economic rule; the more of some thing there is – the less it is worth. The very creation of more makes each worth less!!

Anyhow – go listen for a few minutes; well said Mr. Rogers.

=Chris=

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