Jim Rogers on the Japanese yen policy:
The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time. It’s a very, very dangerous move. I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is.
Everything japan imports from cotton, they import a lot of stuffs will go up. The Japanese will suffer but exports will do well, stockbrokers, currency traders will do better, rest of the world not so good.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
