They’re not very smart people, that’s why they’re in Washington
This is a great short interview of Jim Rogers, legendary Wall St. guy. In it, he shares his contempt for Washington, D.C. hacks along with his view that world governments are headed down exactly the wrong path with their currency strategies.
In his view, they are printing money to solve difficult problems, but they are doing exactly the wrong thing. The answer? Own hard assets, like metals and commodities.
While he doesn’t fancy himself a currency trader and would not short the dollar, he does say this:
“The dollar is a very flawed currency. and is going to have problems over the next decade.”
Via Markets Soaring “But the World Is Worse Off,” Jimmy Rogers Says