Great Jim Rogers Interview
- They have given up on the Euro, they don’t care if they have a sound currency
- This is another nail in the coffin
- Politicians are doing all the printing to buy votes
- This money has to come from somewhere
- The idea that you can solve a problem of too much debt and too much consumption with more debt and more consumption is mind boggling
- Very unlikely Euro will be around in 10 years
- The practice not nearly as successful as the theory (Replacing $USD)
- Doesn’t believe Gold standard will work
- Currently owns the Yen
- The dollar is a terribly flawed currency
- You have to own REAL assets, for thousands of years, that has been the only way to protect yourself
- Best bet for next 10 years has to be agriculture
- You hedge by always having longs AND shorts
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May 12, 2010
Video Interviews