Jim Rogers: US will lose economic war

China has become the world's fastest growing economy, what can the US be taught from the Chinese as the US economy continues to struggle? Jim Rogers, co-founder of the Quantum Fund says that US citizens should save and invest their money as their Chinese counter parts have. The Chinese are saving and investing an average of 35% of their income, taking an age old US principle and using it to their advantage.

Jim Rogers on The Currency Tensions at G-20

Oct. 22 (Bloomberg) -- Sebastien Galy, a currency strategist at BNP Paribas SA in New York, talks about expectations for this weekend's meeting of the Group of 20 finance chiefs in Gyeongju, South Korea. As G-20 financial leaders begin talks today, China is deflecting foreign pressure to fast-track the yuan's gains after limiting them to about 2 percent against the dollar since a June vow to embrace more flexibility. Galy speaks from New York with Rishaad Salamat on Bloomberg Television's "First Up."

Jim Rogers : The Chinese know they have to open their currency they've done opening it slower than i would but they 've done opening it more so than apparently the western press understands , it's a problem that they are addressing , not addressing fast enough in my view....