Jim Rogers: We’re Wiping Out The Savings Class Globally, To Terrible Consequence

Sunday, March 10, 2013
By Paul Martin

by Adam Taggart
ZeroHedge.com
03/09/2013

The current globally-coordinated central bank ZIRP/bailout policies are destroying the world’s saving class. As Jim Rogers notes, “For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don’t know.” The bigger danger that concerns him is the “hollowing out of the ‘saving class'” resulting from this situation. Central planners’ policies are “punishing the prudent in favor of rescuing the irresponsible.” Rogers owns gold, silver, and other precious metals and commodities – as a better way to play the debasement of currencies – and concludes rather ominously that, “this has happened before in world history, and the aftermath has always had grievous economic, social – and often human – costs.”

The Rest…HERE

Leave a Reply

Support Revolution Radio