Published scoops - Economy

Jim Rogers: The Dollar is Doomed and the Fed's Days are Numbered

In this very recent interview Jim Rogers says Asia is the wave of the future, the dollar is a terribly flawed currency and he doesn't want to own any, oil will certainly pass $200/barrel soon, and the (privately owned) Federal Reserve will disappear within the next decade.

Feds Trying to Prevent Bank Run After Indy Mac Collapse

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So what would happen if the mega-banks engaging in these irresponsible practices actually went bankrupt? These banks are widely acknowledged to be at fault, but they expect to be bailed out by the Federal Reserve or the taxpayers because they are "too big to fail."