Friday, November 02, 2007

Ben There Done That?

I brought up Jim Rogers here last week. He's on the wires and in the blogosphere late this week and it's pretty amusing; in an alarming sort of way.

Here is a collection of JR quotes put out today by the Bob Brinker Fan Club.

Rogers on Bernanke:

"This man is a nut. The dollar is collapsing, commodities are going through the roof, which means inflation's going through the roof.

"These people are leading us to terrible problems down the line.''

"Bernanke loves printing money."

Rogers says of FOMC chairman Bernanke's job performance:

“It’s been a disaster."

"If a 6% decline in the stock market causes the man to go and cut interest rates by a half a percent, when inflation is running rampant, when the dollar is under pressure anyway, what’s he going to do when the market is down 36%? What’s he going to do when we have a real crisis? He’s going to print money until we run out of trees. I don’t want to own U.S. dollars in an environment like that.”

He's going to print money until we run out of trees, you have to love that line. Unfortunately, it remains the case. Jimmy has become Bernanke's greatest critic and it's about time somebody with a big voice took the Fed to task.

Rogers suggests the dollar will now likely rise in the short term (now that every widow and orphan has gotten short), but longer term, “It doesn’t take a genius to figure out that it’s a currency that’s going to be going down for some time to come."

1 comment:

Colleen said...

Wonder how a racehorse named Bernanke would do.