Rogers Echoes Warning Of “Sucker’s Rally”:
"Paul Joseph Watson
Prison Planet.com
Wednesday, May 20, 2009
Veteran financial guru Jim Rogers warned CNBC viewers today that the stock market has yet to hit a bottom despite people ploughing
their money back into a sucker’s rally, as the Bilderberg Group’s plan to pull the rug out from under euphoric investors draws closer.
Rogers said that central banks “flooding the world with money” only attempts to solve the problem of too much debt with more debt and “defies belief,” adding that the method will not work because governments have failed to address the underlying problems that caused the crisis in the first place.
“I mean … you give me 5 or 6 trillion dollars, I’ll show you a very good time, there’s no question about that,” Rogers said.
“I’m not buying shares if that’s what you mean. Not at all,” Rogers told Squawk Box Asia.”The bottom will probably come later this year, next year, who knows when,” he added."
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