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"If I were Bernanke I would abolish the Fed and resign"

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Tags The FedMoney and BanksInterventionismMoney and Banking

11/03/2007

Those were the closing words of Jim Rogers on a lengthy interview broadcast today on Bloomberg News. While the entire discourse is worth watching, the first couple of minutes attacks the facade, the skewed employment numbers published by both the Fed and most of the banking-bureaucratic establishment; or in his words, "these are fraudulent numbers." [For the video, click here and look under the "Media" category on the right labeled: "Jim Rogers Says Bernanke Is `A Nut' for Cutting Rates"] Certainly a nice dose of reality to balance the foolish meanderings of the other Jim — Cramer that is. See also: The Worst Recession in 25 Years? and Jim Rogers sells the farm Via King of Newport

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