“He is a total fool,” Jim Rogers said of Bernanke this morning. We’re not sure if Rogers watched the same YouTube video we sent you last week of Ron Paul berating Bernanke, but the sentiment was the same.
“[Bernanke claimed] Americans who buy only American goods are not affected if the value of the U.S. dollar goes down,'' Rogers said. “I was terrified... If you only buy American products and the dollar goes down, the price of oil goes up, copper goes up, wheat goes up… That affects you.
“He doesn't understand the economy, as far as I can see...
“If you have dollars,” Rogers said, “I urge you to get out. That’s not the currency to own.” Rogers echoed his sentiment from earlier in the month. He’s buying yen, yuan, Swiss francs and commodities.
“[Bernanke claimed] Americans who buy only American goods are not affected if the value of the U.S. dollar goes down,'' Rogers said. “I was terrified... If you only buy American products and the dollar goes down, the price of oil goes up, copper goes up, wheat goes up… That affects you.
“He doesn't understand the economy, as far as I can see...
“If you have dollars,” Rogers said, “I urge you to get out. That’s not the currency to own.” Rogers echoed his sentiment from earlier in the month. He’s buying yen, yuan, Swiss francs and commodities.
No comments:
Post a Comment