Posts tagged futurist
, Finance Examiner
Billionaire investor Jim Rogers throws his support behind Ron Paul
As the economy Continues its downward slide due to the failed leadership of both the President and Congress, billionaire investor Jim Rogers sees no other alternative to turn things around than for Ron Paul to win the Presidency. Rogers’ views on both gold prices and the 2012 Presidency were addressed on August 27th in a comparison made between himself, and economist Nuriel Roubini.
Jim Rogers thinks gold will double to at least $2,000 an ounce. Economist Nouriel Roubini says that’s “utter nonsense.” As these well-known market personalities duke it out, they’re doing us a favor by highlighting a critical debate: Which is the bigger threat — inflation or deflation?), not to mention gold (to the amusement of such Keynesian soundbites recorded for posterity as the following: “Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense”), and especially inflation (perhaps the only thing that will prompt a chuckle out of Gadaffi and Mubarak these days is someone telling them that their multi-decade reigns are over due to hyperdeflation and plunging food prices), was caught on tape voicing his endorsement of the only sane person who can possibly do something for this country. “In this election if Ron Paul gets anywhere near the nomination I would certainly support him. He is the only one that I’ve seen in American politics that seems to have a clue about what’s going on.” – Zerohedge
In the 2012 elections, the economy is becoming even more of an issue than it did in 2008, and even the 2010 Congressional elections. More people have become unemployed in the past year, and the banking crisis has escalated, even after the trillions of dollars were pumped into the system by Congress and the Federal Reserve. In fact, in Fed Chairman Ben Bernake’s Jackson Hole report yesterday, he blamed Congress and the President over anyone else as the primary reason for the continuing lack of growth in the economy.