Global - Jim Rogers, Chairman of Rogers Holdings
Source: CNBC
Obama Re-election Will Spark Soaring Inflation
On Obama getting re-elected: A newly re-elected President Barack Obama will continue encouraging loose monetary policies that will fuel inflation rates down the road and investors need to get ready now. ItⳠgoing to be more inflation, more money printing, more debt, more spending.
On asset classes:- Investors should avoid U.S. government debt and the dollar and stock up on gold. ItⳠnot going to be good for you me or anybody else.
On money printing:- It looks to me like the money printing is going to run amok now, and spending is going to run amok now. I have to invest based on whatⳠhappening and not what I would like.
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