Warns that more debt based monetary policy will lead to hyperinflation
Steve Watson | Infowars.net |Tuesday, Feb 10th, 2009
Renowned investor and respected financial commentator Jim Rogers has slammed the latest economic rescue package, declaring that it will not work and will most probably make the situation worse than it already is.
Rogers, the creator of the Rogers International Commodities Index (RICI), told CNBC that the latest so called “stimulus” is more of the same debt based policy that has led the world to the brink of total financial meltdown.
Rogers also pointed out that the offered solution is coming from the very same people who allowed the financial crisis to arise in the first instance.
“It is mind-boggling to me,” Rogers told “Squawk Box Europe.”
“If I were on your show 15 weeks in a row and was wrong, you’d probably never invite me back. These guys have been wrong year after year after year consistently and here they are making the same mistakes again. This is not going to solve the problem, it’s going to make it worse.” Continue reading ‘Rogers: Stimulus Bill will Make the Problem Worse’