Investor Jim Rogers discusses the US dollar, China, commodities, oil, gold, silver and the economy with the Financial Times November 3, 2009.
(Video follows excerpts and commentary)
I do expect a currency crisis, or semi-crisis, some time in the next year or two because there are so many imbalances in the world. And, that may sound radical but it’s always worked that way whenever there have been lots of problems you’ve had problems in the currency markets.
To regular readers of SHTF Plan, this is not breaking news. A currency crisis is on the horizon, and it won’t be long before it becomes apparent to the rest of America. At the rate The Fed is printing dollars and Congress is spending them, this situation seems unavoidable. The time frame, according to Jim Rogers is between one and two years. We have heard the same thing recently from Peter Costa who says the US Government [will be] Totally Bankrupt in a Year and a Half, as well as Bob Chapman, who suggests we will experience Total Collapse Between mid-2011 and mid-2012.
Mr. Rogers goes on to discuss his ideas on investments like oil, silver, and gold that will help investors preserve their wealth as the global economy collapses and the unresolved economic crisis continues.
Watch the Jim Rogers Financial Times Interview (Part 1 of 4):
Watch the Jim Rogers Financial Times Interview (Part 2 of 4):
Watch the Jim Rogers Financial Times Interview (Part 3 of 4):
Watch the Jim Rogers Financial Times Interview (Part 4 of 4):
Hat tip to All Things Jim Rogers