November 07, 2012

Jim Rogers: Prepare cheap money insane

Now that President Barack Obama is re-elected, investors should be prepared for the new expansion, inflation and monetary policy, says Jim Rogers in an interview with CNBC.

Minutes before Obama's victory against the Republican candidate Mitt Romney to be confirmed, Rogers lambasted both presidential candidates, describing them as "evil."

Co-founder of the Quantum Fund predicted that Obama's policies will increase commodity prices will lead to a depreciation of the dollar.
Federal Reserve (Fed) is trying to stimulate the economy by buying U.S. debt. According to Rogers, this program will continue.

"If Obama wins, there will be more inflation, more money printing, more debt and more spending," warns Rogers, adding that it will sell U.S. government securities and buys metals such as gold. "Gold is good for you, for me and for everyone else."

"It seems that printing money will become a real craze and spending," he said. "We need to invest to what happens, not the way I like it."

Rogers points out that he did not vote for either Romney or Obama on the grounds that "with regard to him, they are both evil."

Jim Rogers is an great investor, author and respected financial commentator. He is a regular guest on different TV programs like these of Barron's, FT, Wall Street Journal, New York Times, Fortune and CNBC. Rogers is the president of Rogers Holdings and Beeland Interests.