Jim Rogers was Right

March 9, 2009 Bloomberg reported that Jim Rogers said that in order to keep its borrowing costs down, the U.S. Fed will likely start buying Treasuries... driving prices up and yields down. On March 18, 2009 the US Fed announced its would just do that. Jim Rogers says that this action "setting things up for a gigantic fall down the line."“Governments are printing money everywhere, borrowing stupendous amounts. Throughout history that has led to problems in the bond markets, and it will this time too.