Tags: Bernanke | Rogers | Weidemer | Money

Rogers: 'There Aren’t Enough Trees to Print All the Money Bernanke Wants'

By    |   Wednesday, 11 April 2012 04:55 PM

In a recent interview, investing guru Jim Rogers didn’t pull any punches when it came to his thoughts about Federal Reserve Chairman Ben Bernanke.

“Bernanke couldn’t get a job as a banker. He’s just a printer. That’s all he knows how to do. Print money. There aren’t enough trees to print all the money Bernanke wants.”

But Rogers doesn’t lay blame solely at Bernanke’s feet. According to Rogers, he had a co-conspirator.

Alan Greenspan, the former chairman of the Federal Reserve, lit the match that led to today’s inferno.

“Money was too cheap and too plentiful. [Greenspan] caused the stock market bubble and that led to the real estate bubble and the consumer debt bubble. Now those bubbles have burst and what is Ben Bernanke doing? He is printing more money.”

Rogers sees only one outcome from all this: another crisis.

“It’s only a matter of time before the next crisis comes. Maybe by the end of this year, probably by the end of next year.

Investors would be wise to heed Rogers’ words. In 2006 he saw the economic collapse coming, and shorted U.S. financial institutions, home builders, and mortgage lender Fannie Mae.

And Rogers isn’t alone in his dire predictions. Economist Robert Wiedemer can claim to be as prescient as Rogers.

In 2006, Wiedemer and a team of economists foresaw the coming collapse of the U.S. housing market, equity markets, private debt, and consumer spending, and published their findings in the book America’s Bubble Economy.

And, while Rogers doesn’t lay out a worst-case scenario for the upcoming crisis, Wiedemer sees widespread economic destruction.

In a recent interview for his newest book Aftershock (now a New York Times best-seller), Wiedemer says, “The data is clear, 50% unemployment, a 90% stock market drop, and 100% annual inflation . . . starting in 2012.”

Editor’s Note: See the disturbing interview with Wiedemer.

When the host questioned such wild claims, Wiedemer unapologetically displayed shocking charts backing up his allegations, and then ended his argument with, “You see, the medicine will become the poison.”

The interview has become a wake-up call for those unprepared (or unwilling) to acknowledge an ugly truth: The country’s financial “rescue” devised in Washington has failed miserably.

Like Rogers, Wiedemer says the blame lies squarely on those whose job it was to avoid the exact situation we find ourselves in. That includes Bernanke and Greenspan, tasked with preventing financial meltdowns and keeping the nation’s economy strong through monetary and credit policies.

At one point, Wiedemer even calls out Bernanke, saying that his “money from heaven will be the path to hell.”

Shocking Footage: See the eerie chart that exposes the ‘unthinkable.’

But it’s not just the grim predictions that are causing the sensation; rather, it’s the comprehensive blueprint for economic survival that’s really commanding global attention.

The interview offers realistic, step-by-step solutions that the average hard-working American can easily follow.

The overwhelming amount of feedback to publicize the interview, initially screened for a private audience, came with consequences as various online networks repeatedly shut it down and affiliates refused to house the content. Bernanke and Greenspan were not about to support Wiedemer publicly, nor were the mainstream media.

“People were sitting up and taking notice, and they begged us to make the interview public so they could easily share it,” said Newsmax Financial Publisher Aaron DeHoog. “But unfortunately, it kept getting pulled.”

“Our real concern,” DeHoog added, “is what if only half of Wiedemer’s predictions come true? That’s a scary thought for sure. But we want the average American to be prepared, and that is why we will continue to push this video to as many outlets as we can. We want the word to spread.”

Editor’s Note: For a limited time, Newsmax is showing the Wiedemer interview and supplying viewers with copies of the new, updated Aftershock book, including the final, unpublished chapter that the book publisher alleged was too scary and refused to print. Go here to view it now.

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Wednesday, 11 April 2012 04:55 PM
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