“It’s not just the Fed, it’s central banking,” Jim Rogers exclaims to Reuters in this brief clip, “this is absolute insanity.” As the world’s central banks, for the first time in history “try to debase their currencies,” simultaneously, Rogers cautions, “the world’s floating around on a huge artificial sea of liquidity.” Rogers goes on to explain that he doesn’t expect Bernanke to taper and fears that Yellen won’t either but hopes that she “knows that this is going to cause problems when they stop producing so much money.” His ominous warning, eventually “it’s going to dry up.. and when it dries up, we’re all going to pay the price for this madness.”
Is the Fed doing more harm than good..?
“Central Banks are making a terrible mistake…”
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via Zero Hedge http://feedproxy.google.com/~r/zerohedge/feed/~3/8xp2I_G0RjA/story01.htm Tyler Durden