By TERRY WEISS, Contributing Writer, Money Morning
Despite the current stock market rally, legendary investor Jim
Rogers say the U.S economy is poised for a major crash and is warning
investors to protect themselves immediately.
In a riveting interview on Fox Business, Rogers warned Americans not to trust any of the positive economic news coming from world governments. "I don't trust the data from any government, including the U.S.,
Rogers said. "We know that governments lie to us. Everybody's printing
money, but it cannot go on. This is all artificial."Rogers, who for years has been an outspoken critic of the Feds
policies of "Quantitative Easing" says all the money printing is
creating false hope that we are in the middle of some kind of super
bull market. But in reality, he says, "we're living in a fool's paradise."
"The Bank of Japan says it's going to print unlimited amounts of
money... Then Mr. Bernanke said I'll match that... I'll print that
money too. The Europeans are catching on. You've got money printing
going on everywhere and that has never been good for anybody," Rogers
said.
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