According to Bloomberg Jim Rogers Sells Dollars, Plans to Short Treasuries
The government is printing lots of money and borrowing even more; thatâ€™s not the basis for a sound currency,â€ he said in a telephone interview today from Singapore. â€œThe 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.â€
Rogers said he recently bought the Swiss franc and within the Asia-Pacific region his currency holdings include yen, Singapore dollars, Chinaâ€™s yuan as well as the Australian and New Zealand dollars. The Swiss franc reached this yearâ€™s low of 1.1965 per dollar on March 13 and recently traded at 1.0869.