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  • When asked about Bernanke’s credibility
    regarding his latest FOMC public statement,
    in which he said the Fed will be able to contain
    inflation, Jim Rogers became noticeably irritated.

    “Mr. Bernanke has zero credibility as far as I’m
    concerned. The Federal Reserve has zero
    credibility,” Rogers said forcefully. “Simon,
    go back at everything Mr. Bernanke has said
    in the last seven or eight years he’s been in
    Washington. He’s never been right about anything.
    The man has zero credibility for anyone who would
    take the time to look at his history.”

    Jim Rogers quoted in ETF NEWS




    I’m Fed up with Ben Bernanke
    and his fiscal hanky panky.

    Need some money? Ben will print it.
    Need big credit? Ben will mint it.

    Trouble is, there is no backing,
    and our Congress isn’t tracking.

    Hail to economic voodoo!
    Rogers calls it crazy doo doo.

    Meanwhile, jobs go overseas.
    Interest drops on Treasuries.

    Markets swing like divorcees,
    stoned on Prozac in Belize.

    Unemployment figures frighten
    doubtful if they soon will brighten.

    What to do, what’s to be done?
    ‘Bama clearly ain’t “The One.”

    Back to basics would be nice,
    ending economic vice.


    Otherwise, we’re doomed to fall.
    Want a leader? Try Ron Paul.






    (Photograph by Alex in Dinosaur Park, in the virtual 3-D world of Second Life)

    (For full story go to www.etfnews.com)
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