Monday, November 29, 2010

Jim Rogers and Andrew Schiff debate the Too Big to fail

Jim Rogers with Andre Shiff on The Welfare for the Rich debate

Peter Lavelle asks his CrossTalk guests whether the only thing left of the modern welfare state is socialism for the rich.

Jim Rogers : ...taking interest rates to zero is destroying the class of people in America who save and invest for the future ...tens of millions of Americans did not get into the financial trouble did not bought six houses with no money down and no job and the people who did the right thing who saved their money did not get in trouble now are being wiped out by the federal reserve and the central government because they got interest rates at zero

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