Jim Rogers: I Will Sell All US Dollars
He Has No Faith in the US government
by Andrew Moran
Recently by Jim Rogers: Dow 1 Million? Sure, Why Not?
Outspoken investor Jim Rogers has warned for many years, like Peter Schiff and Marc Faber, that the United States economy is in total decline and that Asia is the land to put your money.
Co-founder of the Quantum Fund and creator of Rogers International Commodities Index, Jim Rogers, told attendees at the China International Financial Services Conference (CIFSC) held in Guangzhou last week that he will sell all United States dollars, according to People's Daily Online. For years now, Rogers has been telling media outlets and investors that he wants to get completely out of the US dollar and put his money in other sound currencies.
Rogers went on to say that the last 50 years the US government has taken a dive into astronomical debt and each administration continues to make the same mistakes. Rogers, who is a student of the Austrian School of Economics, has been a bull on China and commodities around the world.
In a message he has said for a long time regarding America's economy and its currency, “[The] US dollar economy has encountered major problems, the dollar index fell to a new low, and it will continue to fall. If the dollar rebounds in the future, I will sell all the U.S. dollars. My whole family has moved to live in Asia. The story of the United States is over. A new story belongs to China.”
September 23, 2009
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.
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