Jim Rogers: Abolish the World Bank and IMF – February 13, 2009

by | Feb 15, 2009 | Jim Rogers | 2 comments

Jim Rogers discusses the economic meltdown, what Congress should have done, the IMF and steps to take to protect wealth.

Jim Rogers on how to make money in this situation:

There are always ways you can make money. Even in the 1930’s there were people who came out of that with great fortunes.  If you know about water treatment in Asia for instance, you’re going to make a fortune no matter what happens in the rest of the world. If you know about agriculture, you’re going to make a fortune over the next 20 or 30 years.

Jim Rogers on his respect for the World Bank and IMF:

I have zero respect [for the WB and IMF]. The best thing that would happen is if we could abolish the World Bank and IMF. They’re now run by people who do little more than take care of themselves. If you work for the WB or IMF you have a great life. But They’ve not done much for the rest of the world.

Watch Jim Rogers below:

source: AllThingsJimRogers.com

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    1. Ann T

      Here is an excellent article by Ellen Brown, author of “Web of Debt.”
      Granting private banks the authority to create money out of thin air, whenever a loan is taken out, money that is backed by the “full faith of the United States Government,” is granting huge authority that, by the Constitution, resides with Congress. This unconstitutional authority allows private banks to amass great wealth and wield huge power, shaping national and world events. What we are seeing now, with the private banks, is the end of a 300-year Ponzi scheme, according to Brown, that is Fractional Reserve Lending, which depends on an infinite cycle of increased borrowing to fund the interest on the loans.
      Federalizing the Fed and nationalizing the banks, modeled after a system supported by Benjamin Franklin in colonial Pennsylvania, i.e., only allowing national banks to create money, backed by the “full faith of the US Govt,” would put the power of money creation back in the hands of the people and allow the profit of banking (i.e., reaonsable and predictable interest on loans) to fund the government in lieu of an income tax.
      I highly recommend reading Ellen Brown’s, “Web of Debt.” It’s a well-documented explanation of the ominous roll private banks have played in the history of our country and the world.

    2. admin

      Great link. Thanks!

      “In God We Trust”


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