Now that Obama is set to preside for another four years, expect the Fed to keep monetary policy loose with the aim of spurring investing and hiring, when in reality, inflation rates are on the rise.
“It’s going to be more inflation, more money printing, more debt, more spending,” Rogers told CNBC just prior to Obama’s re-election.
Investors should avoid U.S. government debt and the dollar and stock up on gold.
“It’s not going to be good for you me or anybody else,” Rogers said.
“It looks to me like the money printing is going to run amok now, and spending is going to run amok now,” Rogers said.
“I have to invest based on what’s happening and not what I would like.”
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