August 13, 2010

Bernanke 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."

in The Independant

Jim Rogers is an author, financial commentator and successful international investor. He has been frequently featured in Time, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times and is a regular guest on Bloomberg and CNBC.