Jim Rogers: The Federal Reserve's Days Are Numbered

In a recent interview with the British financial website Mineweb, Rogers said Bernanke and his fellow central bankers in other countries have brought the global economy to the brink of disaster. “One hundred years ago you could not have named the head of most central banks in the world,” Rogers said. “Now they're all rock stars.” Bernanke and the other central bank chiefs have been “pumping money into the markets and everybody’s singing hallelujah,” said Rogers, often a contrarian investor and critic of Fed policy.

Despite his pessimism on the global economic prospects, Rogers said he is neutral on gold for the short term. But on a longer time horizon, he expects to short junk bonds and government bonds and is very bullish on gold.