Thursday, June 21, 2012

Jim Rogers - Friedman's Wife Knows More Than Bernanke

Federal Reserve Interest Rates - Jim Rogers - Friedman's Wife Knows More Than Bernanke.
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We had a good read. For the benefit of yourself. Be sure to read to the end. I want you to get good knowledge from Federal Reserve Interest Rates . For the latest Jim Rogers, go to JimRogersBlog.com - You may call it deflation. The stock market has been going down, but that is just deflation in the stock market. All the money being created it going to lead to problems in the long run. Why did AIG get bought by the government if they weren't bankrupt. If the world ends, then commodities would be a great asset to hold. Paulson and Bernanke should resign. The Federal Reserve should be abolished. Even Milton Friedman's wife wrote a critical article about how Bernanke is doing the wrong thing. The only thing that has worked is to let the incompetent fail. What happened in the 1990s was that there was a huge liquidity problem. Friedman tried to tell the Federal Reserve what to do, but they did nothing. Most people in CNBC are not factually correct. They tell people to buy dot coms or all kinds of other risky assets that are about to go down. It's not a good time to sell your commodity stocks. The things that come out of this mess with their fundamentals unimpaired, are typically the assets that do the strongest.
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