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    Jim Rogers: Out of the Dollar, Will Short US Treasuries

    Mac Slavo
    July 6th, 2009
    SHTFplan.com
    Read by 13 people

    According to Bloomberg Jim Rogers Sells Dollars, Plans to Short Treasuries

    The government is printing lots of money and borrowing even more; that’s not the basis for a sound currency,” he said in a telephone interview today from Singapore. “The idea that anybody would lend money to the U.S. government for 30 years at 3 or 4 or 5 or 6 percent interest is mind-boggling to me.”

    Rogers said he recently bought the Swiss franc and within the Asia-Pacific region his currency holdings include yen, Singapore dollars, China’s yuan as well as the Australian and New Zealand dollars. The Swiss franc reached this year’s low of 1.1965 per dollar on March 13 and recently traded at 1.0869.

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    Author: Mac Slavo
    Views: Read by 13 people
    Date: July 6th, 2009
    Website: www.SHTFplan.com

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