Jim Rogers comments on CNBC, this morning...A month ago, the dollar was getting bought like Pet Rocks because Fed Chairman, Big Ben Bernanke hinted that he was going to be an inflation fighter, thus interest rates would go higher... But here we are a month later, there's been on sign of Big Ben the inflation fighter, and now it's deemed that the BOJ could raise rates before the Fed! And the dollar bulls wonder why their currency is getting sold like funnel cakes at a state fair? Why don't the dollar bulls give Big Ben a call on the telly, and see if he can't help them out? Oh... That's right, Big Ben doesn't take calls from just anyone... According to our friend, Jim Rogers, on his Bloomberg TV interview yesterday morning... "Ben Bernanke and Paulson only take calls from their Wall Street Buddies"... HA!
At one point, Rogers said that the Gov't's plan to rescue Freddie and Fannie was "an unmitigated disaster"...