Jim Rogers, Peter Schiff Rip Bernanke And The Fed

After the official announcement of QE3, a number of hot-shot analysts and experts have come out with their opinions on how the policy will impact our future. The majority have warned about the coming fiscal cliff and how this may only make that worse, while others have been a bit more brash about their distaste for actionsfrom Bernanke and the Fed. Two men in particular, Peter Schiff and Jim Rogers, have been very vocal about their hatred for this policy but they have also both touted commodities as the best way to play another massive injection of money into the economy [for more economic news and analysis subscribe to our free newsletter].

Ben Bernanke

Let’s start with Schiff. Watching interviews and or reading some of his work, it is quite clear that this is a heated subject for him. In his eyes, the Fed should have let the economy fail back in 2008 and all of the QE programs have just been delaying the inevitable. He feels that Bernanke’s bold policy will actually inhibit growth and job creation. He has also stated that the Fed will never be able to produce a vibrant economy through money printing, as QE is simply a drop in a much larger bucket of issues. With his prediction of the dollar index dipping to 40 or even 20, Schiff feels that real assets like silver and gold are the best place for investors to be in the coming months.

Jim Rogers is another who has publicly ripped the Fed for their actions in recent years. He feels that Bernanke and company do not know what they are doing and that printing more money will never solve our problems. “Maybe sometimes in the short term printing money has alleviated the situation, but anybody who has studied history or economics knows that printing money in the longer term doesn’t work”says Rogers. Rogers has long been warning of a deep recession in the next few years, putting him right in line with Schiff, as both feel that we are heading for a financial crisis [see also Protect Yourself From Debased Currencies, Jim Rogers Style].

Mr. Rogers has also gone on to take a few jabs at the current presidential candidates, calling the outcome of the election irrelevant. According to the legendary commodity investor, neither candidate properly understands the deep-seeded issues of our economy and neither will be able to fix it. Working off of his predictions, Rogers has touted investments like agriculture and precious metals, although he has been very clear about stating that he feels silver is a much better investment than gold for the time being.

Related Stocks: SPDR S&P 500 (NYSEARCA:SPY), iShares Russell 2000 Index (NYSEARCA:IWM)

This article was originally written by Jared Cummans, and posted on CommodityHQ.

Biotech Insider Alert - $6 Stock To Hit $40

$200 Million Dollar Healthcare Hedge Fund's #1 Best Idea Right Now

The best healthcare hedge fund out there right now is one of the largest shareholders in this biotech stock. The fund returned more than 20% in each of the last 2 years with a virtually fully hedged portfolio, and it's sending out a BUY signal on this biotech stock. Get your FREE REPORT today (retail value of $300)

This is a FREE report from Insider Monkey. Credit Card is NOT required.
Comments
Insider Monkey Small Cap Strategy
Insider Monkey Small Cap Strategy

Insider Monkey beat the market by 52 percentage points in 24 months. Our beta is only 1.2 (don't click this link if beating the market isn't important to you).

Lists

Most Famous Gay Athletes

The World’s Most Famous Circuses

Best Hair Stylists

Most Popular NASCAR Drivers

The Best Romance Movies of all Time

The Most Wanted Drug Lords

The Oldest Money Managers

The Greatest Directors in the World

Largest Animals in the World

World’s Most Expensive Desserts

Best Selling Comic Books of All Time

A-list Actors who Sabotaged Their Career

Rappers With a College Degree

The Best Jazz Albums of all Time

The Most Influential Jazz Musicians

The World’s Most Famous Photographers

The Best Oscar-Winning Songs

Most Influential Choreographers Ever

Most Expensive Department Stores in the World

The Most Expensive Stolen Paintings in the World

The World’s Most Expensive Teas

Top Oscar Record Holders

The Most Expensive Flowers in the World

Countries With a Booming Film Industry

Most Expensive Cupcakes in the World

Uncommon European Escapes

The Most Stolen Artists in History

Best Travel Destinations in Australia

World’s Most Expensive Musical Instruments

World’s Most Famous Animals

Most Expensive Cakes in the World

Most Expensive Kosher Champagne in the World

Most Expensive Kosher Wine in the World

The Most Surprisingly Dark Fairy Tales

Most Popular Travel Destinations in Asia

The 10 Most Expensive Dresses Ever Worn to the Oscars

World’s Most Visited Art Museums

Best Countries for Photographers to Work in

Best Paid Jobs in the Film Industry

The Most Renowned Recovered Paintings Ever

Child Stars That Turned out Just Fine

Books That Were Banned in the Past Century

World’s Richest Dancers

Best Remedies against Bad Breath

Foods That Improve Your Skin Texture

Best-Selling Children’s Books of all Time

Foods That Boost Your Libido

Best-Selling Books of all Time

The Most Expensive Academy Awards Jewelry in History

Most Expensive Japanese Restaurant In New York City

Subscribe

Enter your email:

Delivered by FeedBurner

X

Thanks! An email with instructions is sent to !

Your email already exists in our database. Click here to go to your subscriptions

Insider Monkey returned 129% in 2.5 years!! Wondering How?

Download a complete edition of our newsletter for free!