Jim Rogers: G20 Is a Waste of Time

BullSource

World-renowned investor Jim Rogers comments on currency manipulation and the G20.

“Anyone who is intervening in the markets is a manipulator by definition,” says Rogers. He advises market manipulators to stay away from the economy.

“Any economy which saves and invests and works hard always wins out in the future over countries which consume, borrow and spend.”

Rogers believes nothing has or ever will come out of the G20. “It'd be better off if they just met in a bar, had a few beers and went home.”

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November 17, 2010

Jim Rogers has taught finance at Columbia University's business school and is a media commentator worldwide. He is the author of Adventure Capitalist, Investment Biker, Hot Commodities, A Gift to My Children, and A Bull in China. See his website.