{"id":23366,"date":"2017-03-29T16:31:33","date_gmt":"2017-03-29T21:31:33","guid":{"rendered":"http:\/\/olduvai.ca\/?p=23366"},"modified":"2017-03-29T16:31:44","modified_gmt":"2017-03-29T21:31:44","slug":"jim-rogers-warns-the-fed-has-no-clue-will-ruin-us-all","status":"publish","type":"post","link":"https:\/\/olduvai.ca\/?p=23366","title":{"rendered":"Jim Rogers Warns, The Fed “Has No Clue… Will Ruin Us All”"},"content":{"rendered":"

Jim Rogers Warns, The Fed “Has No Clue… Will Ruin Us All”<\/a><\/h3>\n
\n
\n

“What worries you?” asks a Bloomberg TV anchor of billionaire investor Jim Rogers. Rogers was not shy in his response: “The Federal Reserve… has no clue what they are doing. They are going to ruin us all<\/em>.”<\/p>\n

Having driven rates to record lows and with debt sky-rocketing, Rogers warns “this is all going to end very, very, very badly.” <\/em>Rogers slams the ‘counterfactual’ arguments that things would have been a lot worse if The Fed had not done all this, “propping up zombie banks and dead companies is not the way the world is supposed to work.”<\/p>\n

“It’s been nine years and we have nothing to show for it [economically] except staggering amounts of debt.”<\/p>\n

We have missed Mr. Rogers plain, if often painful, truthiness.<\/p>\n