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Could the US Dollar be a “doomed” currency? Jim Rogers seems to think so
Alex Stanczyk (November 20th, 2008) Writes:
In a recent interview with Financial Times, mega-investor Jim Rogers had some interesting comments about the fate of the US Dollar.
He sure doesnt mince words.
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Insight: The dollar is a flawed currency
By Jim Rogers
Published: November 17 2008 16:05 | Last updated: November 17 2008 16:05
The following are excerpts from this week’s View from the Markets online interview
FT: It’s a year since we last interviewed you. You were aggressively bearish about the dollar, but you thought there would probably be a rebound and you would take that as an opportunity to further get out of the dollar. Have you made a further exit from the dollar?
JR: Not yet, no. And the reason I haven’t is because we’re in a period of forced liquidation of everything. We’ve only had eight or nine periods like this in the past 150 years, where everybody has to reverse their positions on everything. There is a gigantic
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