Tuesday, Nov 3rd, 2009
Jim Rogers, the international investor and chairman of Rogers Holdings, has warned of a currency crisis within the next couple of years.
“I do expect [a] currency crisis or semi-crisis in the next year or two because there are so many imbalances in the world,” Mr Rogers told the Financial Times in an interview.
“That may sound radical but it’s always worked that way – whenever there have been lots of problems, there have been problems in the currency markets.”
However, he did not know which currency would be the focus of such a crisis.
“Normally what happens is you have small countries you don’t think about, something goes wrong and it starts snowballing and people say: ‘how did that happen?’,” said Mr Rogers. “That’s going [to happen] again before too much longer.”
“When the people find they can vote themselves money, that will herald the end of the republic.” – Fall Of The Republic – Buy the DVD here
This article was posted: Tuesday, November 3, 2009 at 11:37 am