Jim Rogers Thinks Bill Gross is Wrong, Blames Geithner! (Videos)

Jim Rogers got heated up talking about the Financial Rescue Plan today. He was featured on Bloomberg TV explaining how the U.S is making the same mistake as Japan did in the 90s. He believes all of these insolvent banks should fail to clean out the banking system. He says "Japan continued to prop up zombie banks and zombie companies and they still talk about the lost decade". He also thought Geithner caused all of these problems since he was in charge of TARP and Bill Gross's plan for more Government funding was wrong. PIMCO's Gross saw the possibility of a mini depression (video below).

As you can see from the Charlie Rose video below Jim has been riding the commodities/short dollar trade for a while now so lets see if he can break the recent trend. Does Jim really want 10 more Lehman bankruptcies? Wouldn't that just spike LIBOR again, freeze credit, cause bank runs, ruin jobs and set off a deflationary spiral?

Jim Rogers on Bloomberg TV (2/11/2009)

Jim Rogers on Charlie Rose (2005)

Jim Rogers and Hunter S. Thompson on Charlie Rose (2005)


PIMCO's Bill Gross Warns of Mini-Depression (2/5/09)