When Larry of The Kudlow Report on CBS asked financial expert Jim Rogers if we are on the verge of a major global stock market rally. Interestingly, when talking about bank failure, Jim answered by talking about the possibility of bank failures, “Let them Fail” he said! If things continue to get bad they will just print more money. That’s all Bernanke knows to do. He’s going to print money and you’d better own real assets at a time like that…They are lying to us again, you know they are…come on, you’re a Preston graduate, you should know how they do it.”
What do you think, should we let banks fail or figure their way out of it on their own, as the system is set up to do, or should we continue to bail them out?
Larry noted that, “If the ECB and the FED print money, we’re going to have massive quantitative easing to get out of this crisis. If that is the case, if both the Fed and the QEB go into QE mode, what’s your favorite investment?” Sorry, but you will have to listen to the video yourself to hear Jim’s answer.
