In These New Times

A new paradigm for a post-imperial world

Federal Reserve has already started QE3, says investor Jim Rogers

Posted by seumasach on September 4, 2012

Telegraph

3rd September, 2012

Mr Rogers, who co-founded the Quantum Fund with George Soros, believes that America’s central bank is secretly printing money to avoid “getting egg on their face again” after previous attempts to kickstart the faltering economy with $2 trillion of QE failed.

“I do not know if they [the Fed] will announce it,” he told India’sEconomic Times. “I know they are going to print more money. They already are. If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming from the tooth fairy.

Read more

Leave a comment