As the economy Continues its downward slide due to the failed leadership of both the President and Congress, billionaire investor Jim Rogers sees no other alternative to turn things around than for Ron Paul to win the Presidency. Rogers’ views on both gold prices and the 2012 Presidency were addressed on August 27th in a comparison made between himself, and economist Nuriel Roubini.
Jim Rogers thinks gold will double to at least $2,000 an ounce. Economist Nouriel Roubini says that’s “utter nonsense.” As these well-known market personalities duke it out, they’re doing us a favor by highlighting a critical debate: Which is the bigger threat — inflation or deflation?), not to mention gold (to the amusement of such Keynesian soundbites recorded for posterity as the following: “Maybe it will reach $1,100 or so but $1,500 or $2,000 is nonsense”), and especially inflation (perhaps the only thing that will prompt a chuckle out of Gadaffi and Mubarak these days is someone telling them that their multi-decade reigns are over due to hyperdeflation and plunging food prices), was caught on tape voicing his endorsement of the only sane person who can possibly do something for this country. “In this election if Ron Paul gets anywhere near the nomination I would certainly support him. He is the only one that I’ve seen in American politics that seems to have a clue about what’s going on.” – Zerohedge
(See video of Jim Rogers interview to the left of this article)
In the 2012 elections, the economy is becoming even more of an issue than it did in 2008, and even the 2010 Congressional elections. More people have become unemployed in the past year, and the banking crisis has escalated, even after the trillions of dollars were pumped into the system by Congress and the Federal Reserve. In fact, in Fed Chairman Ben Bernake’s Jackson Hole report yesterday, he blamed Congress and the President over anyone else as the primary reason for the continuing lack of growth in the economy.
Jim Rogers is not just an investor, but he is also a futurist. Since 2008, he has dumped all of his US holdings and investments, and instead moved to Asia, since he believes that is where the future of economic growth lies. However, he is also an American and desires nothing more than for the US to break away from the paradigm of debt keynesianism, and in this, the only political candidate with the knowledge and fortitude to do so is Ron Paul.
For investors who are not tied to the Wall Street cabal of too big to fail banks, getting back to the fundamentals that made America the greatest economy in the world will take a leader who has both the knowledge and will to do so. Billionaire investor Jim Rogers is a powerful voice in the business world, and while investors such as Warren Buffett put their horse behind Barack Obama, Rogers has now said he will support Ron Paul as candidate for President.