With the Federal Reserve and now Bank of Japan printing massive amounts of money, billionaire investor Jim Rogers told CNBC’s “Closing Bell”, he is shorting U.S. government debt.
“It’s all artificial what’s going on right now”, Rogers said.
“The Federal Reserve is printing money as fast as they can. The Bank of Japan said ‘we’re going to print unlimited money'”.
He called the Fed’s monetary stimulus “outrageous”.
While Rogers is negative on the U.S. stock market and said he’s been short Apple since the fall, he sees better opportunities in Japan and Russia.
For the first time in 46 years Jim Rogers has decided to invest in Russia.
“Russia is changing. That’s how you make money”, Rogers said.
The Bank of Japan’s money printing is not good for the world he said, but it’s making markets go up.
“The yen is collapsing, but the stock market is going through the roof”, Rogers said.