Jim Rogers, legendary investor and author of "Investment Biker" says "abolish the Fed!"
Jim Rogers shares his insight regarding the Federal Reserve, Ben Bernanke, Hank Paulson, Alan Greenspan, and where he thinks things are heading on CNBC.
Rogers amazing success in predicting and understanding the markets makes the bow-tie wearing gentlemen an elite advisory voice that should be listened to by all. So when he tells you Bernanke and Paulson don't know what they're doing - he's right! And when he says the Fed is destined to fail ... Congress better start listening ...
But I won't hold my breath.
You can find a much longer and more in depth interview with Jim Rogers on the "video" page (which now is up and running again). Rogers discusses recessions, investment banks, the bailout, commodities, the Fed, the debasement of the dollar and the spiraling inflation heading our way.
