I would not buy the Euro now but I am certainly not selling it

Jim Rogers : "I wouldn't buy the euro now but I am certainly not selling it as I expect it to go up,"  "If you want to buy a currency I would rather buy the dollar today of those two but I am not doing either." - in Reuters




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%.

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%.

I am not thinking of selling the Euro - Jim Rogers

In an interview today with CNBC Jim Rogers that he does not intend of selling his Euros :"I own the euro, I'm not thinking of selling the euro, I think for fundamental good reasons," "The European economy, the European Central Bank is doing a much better job than the American central bank. I wish the European Central Bank were running the American central bank, the world would be better off if that were the case, because nobody has ever benefited in the long term by debasing your currency."



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%.

Estonia joins sinking Euro currency (01Jan11)

The country of Estonia has joined the crooked Euro currency project, just as the Mickey Mouse currency is sinking into oblivion. They complain about having to bail out the Irish economy, but that's the club they bought into, now lie in it. No sympathies for Estonia and their decision to join the Euro.

China cash patch too little, too late to stop Euro downward spiral

China says it will help struggling European economies combat their debt crisis. The offer came at an economic forum in Beijing. The EU is China's largest economic partner, but co-operation has been challenged by Europe's ailing financial health. Economist Marco Pietropoli says Beijing's support is not a permanent remedy for the bloc.

Euro Debt Woes to Remain

Dec. 21 2010 | The peripheral euro zone countries are struggling to create growth, which makes it difficult to improve their finances, Keith Wade, chief economist at Schroders, told CNBC Tuesday. Wade added that the region's debt woes would continue throughout 2011.

Jim Rogers : The bailout not good for Ireland not good for the Euro

Jim Rogers on Frost over the world AljazeeraEnglish November 20, 2010

Singapore-based financier Jim Rogers talks about currency wars and Ireland's shaky economy.


Jim Rogers : ...I own the Euro , I want to make sure you understand but I do expect the Euro to continue to have problems , they're continuing to weaken the Euro from within , now they're talking about bailing out Ireland among other people , none of this is good for the Euro , none of this is good for Europe none of this is good for the world .....it is just a temporary thing for Ireland , Ireland still have the long term problem may be this year next year they push it up into the future but Ireland still has a gigantic debt that they have to deal with and it is going to crimp the Irish economy for decades to come because they spent too much money , whenever you drink too much you have to hang over it you have to get over it whenever you borrow too much you have to deal with it eventually .......etc...

Jim Rogers : Eventually the Euro unfortunately is going to break up

Jim Rogers : Eventually the Euro unfortunately is going to break up I am afraid because it keeps weakening itself from within. If they would lead Greece go bankrupt, for instance, it would strengthen the euro, it would strengthen the Eurozone because then people would know you have to maintain a sound economy, you have to maintain a sound currency and everybody would jump in and buy the euro including I would buy more if that would be case. Weakening from within and continuing to lend money and paper over problems is not a solution for a sound currency. I do own the euro, do not get me wrong but I do not thing this is the proper approach.

Why Jim Rogers Buys the Euro ?

When no one wants something that should be a signal to buy it. Everyone has been selling the euro so I bought some, if only for the rally.
This doesn't mean that I think European governments have got their act together. Far from it. But the euro could go up from a rebound rally so that's why I'm interested.
But generally I think paper money is flawed. Nearly every currency in the world is flawed, the euro just happens to be less flawed than others.
I've also been buying the Danish Kroner and the Swedish Kronor but I'm not buying any more now.
in The Telegraph

Jim Rogers: I Bought the Euro and The Oil to Go Higher CNBC 16 June 2010

Jim Rogers : At $200 they'll be drilling for oil at Buckingham palace

Jim Rogers on The Gulf Oil Spill Crisis and The future of the Euro CNBC 16 June 2010 : "I bought the euro Friday and Monday, I don't know if it's just a trading bounce or if it's going to be fundamentally sound from now " Jim Rogers told CNBC in an interview from Madrid today 16 June 2010
"I guess if anything you would buy oil because… drilling has been cut back. No drilling, no oil – higher prices,"
"The IEA is going around the world pleading with governments to understand that oil is running out. Where is the oil? Tell us, so we can buy it," Jim Rogers said

Jim Rogers : The Future of Europe and the Euro

Jim Rogers speaker at The Future of Europe and The Euro Conference by The Foundation Rafael del Pino, Madrid Spain June 16, 2010

Rafael del Pino Foundation has organized a special meeting, under the title "The Future of Europe and the Euro", aims to answer the questions generated by recent market turmoil and the latest decisions of legislators in Spain and Europe. On this day Jim Rogers, George Soros's first partner, co-founder of the Quantum fund and creator of the Rogers International Commodities Index (RICI), will be interviewed on the role of markets in the current crisis and his vision of the European economy and Euro by Fernando del Pino, Patron of the Foundation Rafael del Pino, who will also act as moderator of the debate on the single currency, its future and its effect on the Spanish economy in the last decade economists maintain and Alberto Luis de Guindos Recarte .

Jim Rogers The Euro has become a Political Currency

In a recent interview with The Hera Research Newsletter (HRN) explained that the US dollar is deeply flawed because the US is the biggest debtor nation in the history of the world and, although an alternative currency is needed, the Euro will not survive in the long run because it has become political and IMF SDRs will probably not last as a reserve currency in the face of significant global economic crises
Jim Rogers: "I certainly expect the Euro to be around in 2012 or 2013, but whether it'll be around in 2023, I don't know. It's becoming more and more a political currency. It wasn't always. In the beginning, it wasn't a political currency. It was designed to be a rock solid currency, but, since then, it's become a political currency and most political agreements or political institutions don't last. No currency union has ever lasted. It's been tried before. I wish the Euro would survive. The world needs something to compete with the dollar. The Euro, on paper, makes enormous sense, but, unfortunately, the people who wrote that contract back in 1992 are all gone now and the new guys all want to buy votes. So, I would like to see the Euro survive, but, in reality, I don't see how it can."

Jim Rogers there is more corrosion of the Euro from within - Frost over the world aljazeera May 14, 2010

Jim Rogers on Frost over the World Aljazeera english discussing the Greek Meltdown

Speaking about the European plan to bailout Greece Jim Rogers says : I was stunned when I read that because it signals to me that they are giving up on the Euro , they do not care whether the Euro is a sound currency or not , they are saying to the member states spend the money somebody will bail you out , run out big debts do not worry everything will be OK , as far as I am concerned there is more corrosion of the Euro from within "

Eventually the Euro will break up says Jim Rogers

I only see two bubbles in the world, one is Chinese urban real estate and the other is the United States government bond market.

Jim Rogers : "The currency crisis has been going on for a while. It did not start this week. It has been happening for a while. It started with, maybe depending on how you want to look at it, with Iceland or Latvia or many other countries who have been having problems, and the currency crisis is continuing and is going to get worse. This is not the end. Over the next year or more, we are going to see more. So prepare yourself." and regarding how he sees the future of the Euro and The EU Jim Rogers says :"Eventually the euro unfortunately is going to break up I am afraid because it keeps weakening itself from within. If they would lead Greece go bankrupt, for instance, it would strengthen the euro, it would strengthen the Eurozone because then people would know you have to maintain a sound economy, you have to maintain a sound currency and everybody would jump in and buy the euro including I would buy more if that would be case. Weakening from within and continuing to lend money and paper over problems is not a solution for a sound currency. I do own the euro, do not get me wrong but I do not thing this is the proper approach. "
"Well I was short on major Western financial institutions in 2008, I am delighted and surprised you remember but I was. Then there were great excesses in the Western financial community. We do not have that kind of excess now. We have excesses but nothing like we did then. I am just shorting this major Western financial institution because it is very high priced and if the markets are going to consolidate, it will be one of the first to get hit because the reasons in my view we will have consolidation because of currency turmoil and financial market turmoil. I do not see a bubble in finance like we had two or three years ago. We could have one again but it is not there, yeah. I only see two bubbles in the world, one is Chinese urban real estate and the other is the United States government bond market. We do not have major periods of excess like we did have three years ago in the Western financial arena. "

Jim Rogers : EU Bailout another nail in the coffin of The Euro

Rogers Says EU Bailout Another `Nail in Coffin' for Euro

Jim Rogers : I am long the Euro not that I am making any money but I was stunned this means that they have giving up on the Euro they do not particularly care if they have a sound currency , you have all these countries spending money they do not have and it is going to continue so..I have to worry about the Euro ...I worry about all paper money , all paper money but this is just another nail in the coffin ...
The fundamentals are terrible for all paper money , every currency , there are a few I mean the Singapore dollar is the soundest of all philosophically anyway , Canadian (dollar) ...there are some currencies that are reasonably sound but basically all politicians in the world now how to buy votes now and they are doing their best to buy votes that's not good , why you think gold is going to the roof , not going to the roof yet but it is going up , because other people understand what I understand...
...Money has to come from somewhere you either have to print it or borrow it or tax it , in the end people who are putting up the money will say things aren't better for me , and the currency is being debased everywhere...The idea of solving debt and consumption with more debt and more consumption , can you believe that the grown ups would say something like that ?!?! I men it is mind bugling to me that people who are supposedly educated would believe this and they seem to , I think what they really know in their hearts is we just gonna put the problem off until I am gone and then the next guy would have to worry about it , it is not going to help us all says Jim Rogers chairman of rogers Holding ,
May 12 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Haslinda Amin in Singapore about the $1 trillion European loan package to stop the sovereign debt crisis, and the outlook for the euro. (This is an excerpt of the full interview. Source: Bloomberg)

Jim Rogers on the Euro, Greece bailout, EU future

Jim Rogers on Russia today 25 March 2010

why should hard working Germans and dutch should come to the rescue of people who have been spending money they do not have , Greece should be left to go bankrupt it is better for Greece for Europe and for the Euro , many countries have been faking the books not just Greece , says investor Jim Rogers
Tensions are running high in the euro zone as the common currency plunged to a ten month low against the dollar following Germany's unwillingness to rescue struggling Greece. This comes as EU leaders prepare for a two-day summit in Brussels where they will discuss how best to help Athens. Germany, Europe's largest economy, opposes the idea of any European bailout and wants Athens to turn to the International Monetary Fund instead.
RT talks to global commodities investment guru, Jim Rogers.



Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

Jim Rogers : Greece Should Not Be Bailed Out

Jim Rogers : I doubt if I will own Sterling in my life time , things are very very bad for sterlingBloomberg 19 Mar 2010

Do Not blame the speculators blame the Greek politicians Jim Rogers says ...
March 19 (Bloomberg) -- James Rogers, chairman of Rogers Holdings, talks with Bloomberg's Andrea Catherwood about his investment strategy for the euro and the pound. Rogers, speaking in London, also discusses the prospect of an international bailout for debt-stricken Greece.

Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

Jim Rogers : why I long The Euro

Jim rogers : Well I’m long the Euro because I expect them to come through this one okay. Either Greece is going to be papered over and they’ll give a blast to the Euro, or they’re going to let Greece go bankrupt. In my view, this is what they should do because then people would say, “Wow. They’re serious about sound economies in Europe.” That would make the Euro very strong. Then people would know they are not just going to print money or paper over failure.

Either way, I think there’s probably a rally coming. There’s a huge short position in the Euro and whenever there’s been a huge short position in anything, it’s sometimes profitable to go to the other side. So, I am long the Euro because I think there are too many pessimists.

Maybe Greece will go bankrupt and the Euro will collapse before people realize, “That’s good … that’s not bad.” Sometimes it takes a lot for perception to become reality or reality become perception.

via wallstcheatsheet.com

Jim Rogers on Greece Fiscal Woes and The Euro

Jim Rogers : Greece should be left to go bankrupt

March 8 (Bloomberg) -- Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Betty Liu about Greece's fiscal woes. Rogers, speaking from Vienna, says a bankruptcy for Greece would benefit the euro. (This is an excerpt of the full interview. Source: Bloomberg)
Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver

Jim Rogers : I doubt if Euro be there in 2020 or 2030

Jim Rogers : we are going to have more and more currency turmoil over 2010 and 2011

In a recent Interview with the Indian Economic Times , Investment Guru and commodities legend Jim Rogers was asked about the currency crisis we are having in Europe and how he sees the future of the Euro , Jim Rogers doubt that we will see a Euro by 2020 - 2030 :
Q :You made a forecast sometime last year about an impending currency crisis. Do you think that’s going to happen?

A :"It’s happening. Don’t you read, don’t you watch the TV, don’t you see what is happening in Europe? I mean, we are having at least the semi-crisis and I think that we are going to have more and more currency turmoil over 2010 and 2011. It’s happening. I am glad you brought it up."

Q: Do you think the Euro is going to survive?

A: "If Euro probably survived this time around and I doubt if Euro be there in 2020 or 2030, but I suspect it somehow that the Euro will survive 2010."

Read the Full Interview >
Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver