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‘I Expect a Currency Crisis or Semi-Crisis’: Jim Rogers

Posted By admin On September 14, 2009 @ 9:52 am In Money Watch | Comments Disabled

CNBC [1]
Monday, Sept 14th, 2009

The worst of the economic crisis is not over and a currency crisis can happen this year or the next year, because the problem of too much debt in the system has not been solved, legendary investor Jim Rogers told CNBC Monday.

The current recovery is just a consequence of the fact that consumption fell so dramatically in 2008 and people have to buy things they need in 2009, Rogers told “Worldwide Exchange.”

“How can the solution for debt and consumption be more debt and more consumption? How can that be the solution to our problems?,” he said.

“I would expect there to be a currency crisis or a semi-crisis this fall or next year. It’s crony capitalism, Bernanke and Greenspan have brought crony capitalism to America … but that’s not going to solve the world’s problems,” Rogers added.

Full article here [1]

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URLs in this post:

[1] CNBC: http://www.cnbc.com/id/32837500

[2] Image: http://prisonplanet.tv/signup.html

[3] Currency crisis on way, says investor: http://www.prisonplanet.com/currency-crisis-on-way-says-investor.html

[4] Jim Rogers: “I Expect More Currency Turmoil, More Social Unrest, More Governments Collapsing”: http://www.prisonplanet.com/jim-rogers-i-expect-more-currency-turmoil-more-social-unrest-more-governments-collapsing.html

[5] Another Bottom for Stocks Coming: Rogers: http://www.prisonplanet.com/another-bottom-for-stocks-coming-rogers.html

[6] Bailout Would Only Prolong Crisis: Jim Rogers: http://www.prisonplanet.com/bailout-would-only-prolong-crisis-jim-rogers.html

[7] US Has More Serious Problems Than Europe: Jim Rogers: http://www.prisonplanet.com/us-has-more-serious-problems-than-europe-jim-rogers.html

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