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%.

Wednesday, June 4, 2014

There is a continuing long-term move away from the US Dollar.



SS: Now, as an investor, what economic benefits are there for the EU and the US? What are they expecting out of this whole affair? I mean, how do you attract investors to the country when there is civil war raging between East and the West?
JR: Sophie, you’re asking extremely good question. I don’t see what was in it for Europe and the US, other than some kind of geopolitical game that bureaucrats and politicians like to play. I don’t see what the purpose of this was other than some kind of supposed chess game. I don’t see what America expected to get out of it. Ukraine has a lot of agriculture, but other than that… I mean, those agricultural products get sold on to the world market, so I don’t see why America tried to get so involved with Ukraine. It just does not make any sense to me, and as I said earlier, it seems to be hurting America now, rather than helping America, since the consequences have not gone the way they thought they would.
SS: But do you think the West has failed to isolate Russia politically and economically? Or is the West going to end up isolating Russia at the end?
JR: I don’t see that it has hurt Russia. Maybe there’s something I don’t know, but I don’t see that this has hurt Russia in any way at this point.
SS: What all of this means for the dollar? I mean, last week Russia’s economy minister told me that ruble and other national currencies will be used for trade to diversify risk. So where does that leave dollar?
JR: Again, I don’t particularly like saying this, because I’m an American citizen, and American taxpayer and American voter, but if you drive people away from the dollar… many people now must be saying “guys, if we have dollars, and the US decides that they don’t like us, they’ve going to put sanctions on us!” So more and more people would say “maybe I shouldn’t use the US dollar, maybe I shouldn’t have my money in US dollars.” At the same time, as you know, Russia and China are now going to trade with each other in their own currencies instead of the US dollar. More and more people are doing the same thing, they’re starting to trade in other currencies besides US dollar. This is just a continuing long-term move away from the US dollar. And, I am afraid, that US is pushing people away from the US dollar with our actions.- - in a recent interview with RT , Click here to watch the full interview>>>>






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%.
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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