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Investors Selling the US dollar before COLLAPSE
The
Coming Depression
Wednesday, Dec 17, 2008
Investor Jim Rogers urged people to get out of the dollar and
says he expects to be rid of all his U.S. currency assets by summer
next year.
"If you have dollars, I urge you to get out,'' Rogers said
in an interview from Singapore. He is chairman of New York-based
Rogers Holdings, formerly known as Beeland Interests Inc. "That's
not a currency to own.''
... Rogers, who predicted the start of the global commodities
rally in 1999, criticized Federal Reserve Chairman Ben S. Bernanke
for comments on the currency before a congressional committee
on Nov. 8.
"He is a total fool,'' Rogers said. "He said Americans
who buy only American goods are not affected if the value of the
U.S. dollar goes down. I was terrified.''
(ARTICLE CONTINUES BELOW)
Bernanke said the only effect of a weaker dollar on a typical
American with their wealth in dollars, buying consumer goods in
dollars, would be "their buying powers, it makes imported
goods more expensive.''
Rogers said that's not right.
"If you only buy American products and the dollar goes down,
the price of oil goes up, copper goes up, wheat goes up,'' he
said. "That affects you. He doesn't understand the economy
as far as I can see.''
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INFOWARS:
BECAUSE THERE'S A WAR ON FOR YOUR MIND
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