Sunday, June 30, 2013

Debasement

I have found Jim Rogers, a money manager and private investor, fascinating for years (his book Investment Biker: Around the World with Jim Rogers is a gas). Now, Rogers is getting worried about the rampant printing of money by the world's central banks and its consequences for the global economy. You might respond that anti-Bernanke investors have been complaining about this since 2008 and they have been wrong to date. All well and true, but it is also true that what cannot go on forever, will not.

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