Jim Rogers on Bloomberg: November 3, 2008

Editors Note: Click here to read other recent posts about Jim Rogers, including some recent videos.

I don't know about you, but I've got a case of the election blues. And not because my guy didn't win - I didn't even have a horse in this race, I couldn't bring myself to vote for any of these turkeys.

So to cheer up, I've dug out the latest Jim Rogers video. Now here's a guy I KNOW is angrier than I am right now - with free market economics going the way of the Dodo Bird, Tyrannosaurus Rex, and the capital gains tax cut (ugh).

Jim Rogers' latest thoughts (and some great one-liners):

• Bailouts are going to lead to inflation, higher interest rates, and a declining dollar

• The US is making the same mistakes Japan has made, by not letting bad banks fail

• My favorite line: "Ben Bernanke is not even as smart as Greenpan, and he was not smart at all"

• My 3rd favorite: "You can have 10-15 years of bad economics, or you can have 1-2 of bad economics"
• My 2nd favorite: "All (Paulson) has to do is resign and close the Federal Reserve, and the crisis takes care of itself"

• Another gem: "That's why they're in politics - because they don't know anything"

• The only way to make money is to buy the things where the fundamentals are unimpaired - and the only thing that fits that bill is...drumroll...wait for it...wait for it...commodities!

• He owns gold, but the IMF is about to sell a lot of gold - so it could go to $600. If it does, he'll buy a lot. If it goes to $900, he'll buy a lot.

• He's buying agriculture, oil, and shorting government bonds "today"

• Sugar's going to go through the roof over the next two decades - and he breaks out a packet on air!

Part I:

Part II: