Ron Paul & Woody O’Brien & Jim Rogers: Debasing Currency Is Both Dangerous And Foolish. This Is Going To End Very Very Badly!!!
Feb. 8 (Bloomberg) — Former Congressman Ron Paul, a Texas Republican, talks about governments’ strategy of devaluing their currency to gain an advantage in trade. The yen jumped the most in almost two years against the dollar after Japanese Finance Minister Taro Aso said the pace of its recent slide has been to rapid. Paul speaks with Sara Eisen on Bloomberg Television’s “Lunch Money.” (Source: Bloomberg)
Woody O’Brien- Debasing Currency is Foolish
AltInvestorshangout, Published on Feb 9, 2013
Woody O’Brien is a former stock broker
(1) How the German repatriation of gold is different from Charles De Gaulle redeeming his gold held at the U.S.
(2) How all of this money printing is a dumb idea to attempt to help your exports
(3) How there may be a food crisis since there aren’t enough FARMERS out there.
Jim Rogers of Rogers International Commodities Index (RICI) joins Open Currency Update with Kurt Wallace for Fed Easing? ‘This is going to end very very badly’. Jim discusses Germany’s repatriation of gold and the questionable response of an 8 year timeline by the United States to return the gold. He weighs in on Fed Easing and the effects on those who invested properly vs. those who benefit from printing money. He also give us a sneak preview of his new book Street Smarts: Adventures on the Road and in the Markets where he details his thought process on investing and what he learned from his successes and mistakes.