Jim Rogers never thought highly of the Federal Reserve and the Chairman Bernanke. The problems that the United States are now experiencing is caused by too much debt and also consumption. The way to solve the problems is definitely not by taking up even more debt and consume more. That is what Bernanke and the whole US government is still doing.

Having left out of the United States, sold his properties there, and moved his biggest investment to Asia, Jim Rogers explained that he has more faith in the Central Bank of India. He respects the Indian central bank for having done a better job of managing its economy.

Cynically, Jim Rogers said that Bernanke’s over production of the US dollar will cause a large scale deforestation. Jim Rogers said, “What’s Bernanke going to do, print more money? The world would run out of trees.”

Besides the Indian Central Bank, other central banks have done commendable jobs such as the European Central Bank, Australian and also Norway. Australia was the first Central Bank that raised their interest rates in October 2009 while Norway was the first central bank in Europe to do so.

All this was said while Jim Rogers spoke in an event in Mumbai, ‘Vision of 2015′. He also stated that the world needs a replacement to the US dollar. He considers the Euro to be a good replacement. However, since it is highly politically loaded, it is hard to keep a positive outlook on the Euro.

Whatever the world is going to decide regarding the US dollar, Jim Rogers continue to put his money into gold, silver and sugar. After all, the best investment today would be in real assets.

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