Do I agree with Jim Rogers here? No. I believe along with Paul Krugman that we need a[nother] well-thought-out stimulus program, and fast. Do I respect him as an investor? Yes. Should this be on the GOFACT website? Yes.
Jim Rogers Blog: Bernanke Is Turning The FED Into A Pawn Shop: "August 13, 2010Bernanke Is Turning The FED Into A Pawn Shop
'We have Ben Bernanke, who is running the Federal Reserve, who does not know what he is doing. The man is taking 400 billion dollars on to the Federal Reserve balance sheets – of dicey loans, bad debt. I mean he is turning the Federal Reserve into a pawn shop. Some day somebody has to pay for this and you know who this somebody is – my little girl, you, me.'"
