Jim Rogers : anybody who is a creditor to America has to worry
Jim Rogers :....The main problem is that The United States is the largest debtor nation in the history of the world not just the largest debtor nation in the world but in the history of the world and our debts are getting deeper and deeper the rest of the world is getting upset about it , I hope every american citizen getting upset about it because it's going to be the ruin of the nation of america and anybody who is a creditor to America has to worry about it....
The United States is trying to drive down the value of its currency , it is trying to debase its currency no country in history that has a history of debasing its currency has done very well in the long term or even in the medium term , sometimes it works in the short term , sure you can revive you economy by devaluing your own money but that's not a good policy .....
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%.
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