Jim Rogers : is The Euro a dysfunctional Currency ?

Legendary Investor Jim Rogers on Cross Talk RT TV 15 July 2011 discussing the 'Euro Jitters' : "....The concept of a unified European currency is fabulous and the world needs something to replace or to compete with the US Dollar , unfortunately execution has not been very good they brought on people like Greece and Portugal and Ireland who are not paying their bills and were not paying their bills and that brought the problem , I am like Denis I cannot conceive why honest hard working Austrians and Dutch and Finns should have to pay for a bunch of who are setting on the beach drinking Ouzo , and Greek banks I find this outrageous..." "The Germans do not have to pay the piper let Greece go bankrupt , it will be good for Greece it will be good for Europe it will be good for the world , if Greece went bankrupt and they will have to pay their bills and stop lying then everybody will know that it is a strong sound currency based on a strong sound economy why not let them go bankrupt , that's not the end of the EU ? in America we had states go bankrupt cities go bankrupt we had counties go bankrupt it did not end the United States and it did not end the US Dollar "



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%.