Jim Rogers Says Bernanke Is `A Nut' for Cutting Interest Rates

According to Jim Rogers, Federal Reserve Chairman Ben Bernanke is "a nut" for cutting interest rates in "an inflationary environment." Rogers says cuts in the Fed Funds Rate is harming the US Economy by fueling inflation. "“It’s been a disaster... He’s going to print money until we run out of trees."

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Rogers predicts the dollar will rally now that "everyone is short" but he advises selling dollars on this rally before it collapses.

Rogers, in a video interview with the Financial Times, said the U.S. Federal Reserve and Secretary of the Treasury’s willingness to print money and drive down the greenback is clear. “It doesn’t take a genius to figure out that it’s a currency that’s going to be going down for some time to come."

Rogers on Bernanke:

• "This man is a nut. The dollar is collapsing, commodities are going through the roof, which means inflation's going through the roof. These people are leading us to terrible problems down the line.''
  
• "Bernanke loves printing money."

Rogers says of FOMC chairman Bernanke's job performance:

• “It’s been a disaster." and "If a 6% decline in the stock market causes the man to go and cut interest rates by a half a percent, when inflation is running rampant, when the dollar is under pressure anyway, what’s he going to do when the market is down 36%? What’s he going to do when we have a real crisis? He’s going to print money until we run out of trees. I don’t want to own U.S. dollars in an environment like that.”

On US Election:

• "A pox on both their houses as far as I am concerned. Both Democrats and Republicans."
• "If Ron Paul gets anywhere near the nomination, I'll support him." "He's the only one with a clue."

On China:

• "China is one of the best run governments in the World."
• Says they are having their problems just like the US and UK had when we were emerging world powers.

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