Jim Rogers on CNBC (9/9/11) — ‘I own probably more US dollars than I’ve owned in many years, and certainly more than most other currencies’

Jim Rogers was interviewed on CNBC TV on Friday (9/9/11). He spoke about the Euro, his portfolio and monetary policies. Importantly, he mentioned that he ‘probably [owns] more US dollars than [he's] owned in many years, and certainly more than most other currencies’! See below for the videos and summary.

 

 

 

Summary:

 

  • Crises usually happen in the fall!
  • If Greece defaults (along with a few others), then the euro would go down at first. However, this would signify that Europe has a sound currency and you should then buy all the euros that you can!
  • In America over the past few hundred years, there have been city, county and state bankruptcies; it didn’t end the US or the US dollar!
  • Jim Rogers owns the Euro, commodities (especially precious metals and agricultural commodities), some currencies. He’s short stocks in Europe, the US and some emerging markets.
  • “I own probably more US dollars than I’ve owned in many years, and certainly more than most other currencies.”
  • The Bernank has promised to keep the ZIRP for two years. He has to be in the market forcing down interest rates.
  • The SNB’s policy of intervening in the currency markets will fail.

See here for our collection of rare historical economic data.

Posted Sep 11, 2011
by | Categories: Other