Mr. Rogers and other stuff…

I’ll get to Mr. Rogers in a moment…

As for the tabbed blogger spot…It should be annointed to The V.King…too bad The Fly is more impressed with well edited words than preformance. I read the Fly because he helps me bank coin AND he’s clever…Very few of the others do one never mind both…1 of them does neither…

Now to Mr. Rogers…Jim Rogers, who co-founded the Quantum Fund with George Soros, says that the Federal Reserve is secretly printing money to avoid “getting egg on their face again” after previous attempts to kick start the faltering economy with $2 trillion of quantitative easing failed.

“I do not know if they [the Fed] will announce it,” the legendary investor told India’s Economic Times. “I know they are going to print more money. They already are. If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming from the tooth fairy.” The comments were reported  on Monday.

“They are a little bit embarrassed because they announced QE1 and QE2, and it did not work. So they may try to discuss it. They may just continue to do it without getting egg on their face again, but they are going to print money, they are all going to print money. It is the wrong thing to do, but that is all they know how to do.”

 “They probably have learned how to do things off balance sheet. I have nothing to confirm this but everyone else has learned how, so they probably have too. This is just a comment on human nature.”

Fed Chairman Ben Bernanke said in his annual speech at Jackson Hole on Friday that the country’s high level of unemployment – it climbed to 8.3 percent in July – is a “grave concern” and that the “economic situation remains far from satisfactory”.

Rogers also said believes there is no end in sight to the eurozone’s problems.