Jim Rogers : The Euro is not such a disaster

Jim Rogers latest interview with Bloomberg TV on 29th June 2011 : Jim Rogers : " I am delighted to see that , I still own the Euro it is one of the currencies I own , my main portfolio is I am long commodities and currencies , that's one of them , The Euro is in a much better fundamental situation than the US Dollar which I also own , I mean the Euro has a balance of trade surplus for the most part it is not a large debtor entity , it got some debtor entities within it , but the Euro is not such a disaster " regarding the Greece crisis Jim Rogers says "throughout history when countries got into this kind of situations the longer you delay the reality , the longer you delay the inevitable the worse it is in the end look at Argentina twenty years ago , let Greece go bankrupt , trying to bail them out or prolong the agony is going to make it worse "




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%.