For how great Peter Schiff is, no contrarian is as entertaining as Jim Rogers. It’s the southern charm!
He recently spoke with Real Vision about the United States dollar and the billionaire investor was honest: The greenback is doomed and the fundamentals of it are “horrible.”
The Quantum Fund co-founder thinks the buck will become overpriced and then turn into a bubble. When that happens he is unsure, mainly because is “not very good at market timing.” But it could happen in the next financial crisis, which might be in three years.
“People would think the U.S. dollar is a safe haven, it’s not. The fundamentals are horrible,” he said.
“Nobody in his right mind would buy the U.S. dollar, but I own a lot…because I’m not in my right mind. I’m assuming that the rest of the world is not in its mind either and they’re all going to buy it.”
Rogers does not own U.S. stocks and will move to the yuan and gold when the party is over for the Federal Reserve Note. Really, he does not hold out much hope long-term for the U.S. economy because of its debt situation.
He is right. The rest of the world is crazy right now.
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