Great interview with investor Jim Rogers on Bloomberg yesterday. Rogers gets it. Gets what? The ensuing credit bubble burst. It's happened throughout history, and it's happening again. The first documented bubble in history was the tulip bubble of the 1600's.
"Bernanke loves printing money,'' Rogers said in an interview in New York. "This man is a nut. The dollar is collapsing, commodities are going through the roof, which means inflation's going through the roof. These people are leading us to terrible problems down the line.''
The only thing we learn from history is that we don't learn from history.
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