the Us Dollar is going down a great deal the British pound lost 90% of it's value ...Jim Rogers on Reuters 09 Oct 2009
Oct. 9 - Legendary investor Jim Rogers chairman of Rogers holdings told Reuters that despite the U.S. government's policy of a strong dollar, it's trying to debase the dollar even further.
U.S. dollar making new lows Gold going to the roof
"If we are going to continue to debase it, the dollar is going to go down a great deal." He says.
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Hello. Well, seems that we are going to face tough times. I quite agree that the action the government takes is not very effective, on contrary, it causes more and more "bubbles". The problem is that we became used to living in debt, so people continue taking another loans, but if they go on doing that I'm afraid that the recovery will take a long time!
ReplyDeleteAll the best,
Julie