Jim Rogers : We need to Replace the US Dollar

Jim Rogers : The world needs something to compete with the US Dollar , America is the largest debtor nation in the history of the world so we need something to compete with and probably replace the US Dollar , there is nothing else , may be China someday a long time from now , the only thing that's on the horizon is the Euro , the Euro would be great it's a big economy lot's of population as a whole it's not a huge debtor like the US so the Euro would be great to replace the US Dollar and compete with the US Dollar unfortunately I don't think it's going to work , I don't think there will be a Euro in ten years certainly not a euro like we know now , may be you would have a few sound countries with a single sound currency , but it's became a political currency instead of an economic currency , everybody uses phony bookkeeping the Greeks are the perfect example spending money that they did not have so as long as you let that happen the currency corrodes from within it rots from within ..... - in Hot News Romania interview
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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%.