Like Schiff, everything Jim Rogers predicted has happened. And he is really giving it to Bernanke and the Fed something fierce right now. Hope he has good security, and isn't using hookers.
Not a lot of people are pointing out that the Fed has taken hundreds of billions of total crap collateral onto their books, with no vote of Congress or oversight, that eventually the taxpayers will eat. And they're just getting started. The MSM is failing us - again. So I hope Rogers keeps letting it rip.
Here's the latest video. Enjoy. Hattip to tmtgm for the link and transcript. Here's one highlight:
If this is a nine inning baseball game, we're in the fourth inning and we have a long way to go. Mr. Bernanke may make it last longer and longer.
Remember Mr. Bernanke has taken $400 billion onto his balance sheet - he's taken mortgages, car loans...
You know, soon, Mr. Bernanke is going to be in his helicopter, flying around collecting rent from people and collecting car payments. He's going to be selling used cars soon. This is insane.