Uploaded by CapitalAccount on Feb 2, 2012
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Ben Bernanke is defending the Federal Reserve’s financial repression of savers today on the Capitol Hill. He also says there are no signs of higher inflation. Maybe that is because he is wearing his CPI, or PCE goggles…lucky for us, we have legendary investor Jim Rogers on Capital Account today to tell us why Ben Bernanke may not know what he is doing. Jim will also tell us what he thinks of financial repression, and the destruction of the saver in America with these punishingly low interest rates. Does America need savings, and should savers be punished so that the rest of the country’s speculative class can continue to bet on the financial roulette wheel? Meanwhile, Angela Merkel is in China reportedly trying to convince the country with 3.2 trillion dollars worth of foreign exchange reserves to throw a little in the direction of the eurozone. And another major eurozone credit-pusher Christine Lagarde, we just saw her take her fundraising efforts to the World Economic Forum coming to collect for the IMF. But why might these heavy hitting women be butting heads? We’ll give you the back story, and we’ll ask Jim Rogers what he thinks as well.
