What a topsy-turvy world we are living in?!?! The US Dollar is hovering at or slightly below parity to the Swiss franc, gold’s breached the $1,000 per ounce mark, stock markets are crashing, and inflation is accelerating everywhere. Some central banks - the more responsible ones - have increased rates, while Ben Bernanke keeps cutting. President Bush continues to tell the world that “we have it all under control. We are taking solid measures and will come out of this crisis as strong as ever”. Obviously, this is absolute nonsense. First of all, the measures taken will not help - if anything, they will ultimately make things worse. Moreover, even if he and his helpers could control the situation, they shouldn’t! Controlling and manipulating the economy is not the government’s job and we would all be better off if they just kept their hands off.In this context, we found the comments of Jim Rogers on CNBC a few weeks back right to the point. Click on the following link and have a listen:
http://www.cnbc.com/id/15840232?video=682734828
Mr. Rogers calls it like he sees it…nothing more need be said!
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