The definition in only a couple of words:
“Dr. Bernanke unfortunately does not understand economics, he does not understand currencies, he does not understand finance,” Rogers, 68, said in a lecture at Oxford University’s yesterday. “All he understands is printing money.” --Jim Rogers
Not quite.
Bernanke is actually conjuring money.
Meaning that he is the warlock to O'Donnell's witch.
But she quit that when she left high school......
Imagine that. Jim Rogers telling the kids that, “The place to be is in commodities, raw materials, natural resources.”
ReplyDelete"currency debasement has never worked".
???? I guess his history books only go back to 1933.