Mind Over Market

Jim Rogers is interviewed on CNBC in London. Rogers dismisses recent developments in Europe where Germany's Chancellor Angela Merkel has agreed to some monetization of the debt via European Central Bank purchases of sovereign bonds from highly-indebted countries. This is not a game-changer and will make things worse because it will lead eventually to more debasement of the currency, high inflation and higher commodity costs. "These guys have been saying the same old garbage for a long time," he tells CNBC.

Becket Adams writes at The Blaze June 29: Leaders of the 17-nation eurozone announced on Friday a plan to rescue their failing banks with cash normally reserved for fledgling governments. When the “recapitalization” (i.e. bailout) plan was unveiled, markets responded very, very well. However, despite the positive market reaction, at least one veteran businessman thinks the deal is a big mistake. In fact, he thinks it’s only making things worse. According to Quantum Fund co-founder, free market advocate, author, and regular lecturer of finance at the Columbia University Graduate School of Business Jim Rogers, the EU’s decision to recapitalize its banks won’t do anything to fight off the oncoming “financial Armageddon.” “Just because now you have a way to get [EU governments] to borrow even more money, this is not solving the problem, this is making the problem worse,” Rogers said during an interview on CNBC on Friday. Read mor...

Jim Rogers, ceo of Rogers Holding, says that when the next crisis comes around, the United States will be in far worse shape than in 2008, according to an interview on CNBC with Maria Bartiromo. Rogers says that we need to cut the budget drastically. Rogers calls Fed Chairman Ben Bernanke a "disaster," who has gotten nothing right since he came to Washington. "He doesn't understand finance. He doesn't understand currency. He doesn't understand the economy," Rogers says of Bernanke. Bernanke only knows about printing money as a way to address problems, so he will revert to QE3, further weakening America's debt position, according to Rogers. He predicts the dollar is going to crash while the Chinese yuan will become a safe currency. If gold and silver correct, Rogers recommends buying more. Rogers is shorting technology stocks.

On his CNBC show Friday October 22, Larry Kudlow touts Treasury Secretary's recent statements supporting the dollar with guests Jim Rogers and Andy Busch. They discuss the odds for a dollar rally after the meeting of the Fed on November 3.