Jim Rogers – The US Dollar is Not a Safe Haven

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Jul 05, 2012
Head to 4 minutes and 12 seconds into the video for the interview with the Investment Biker Rogers.

In this interview he discusses:

- Why global financial problems could lead to war in troubled areas

- Thinks the only way to stabilize the Euro is to have sound economies, and the only way to create this is by allowing financial failures

- Band aid fixes like what are being applied now is not going to work, it is going to end in disaster

- He has bought a little bit of gold on the dip, but now much. Gold has gone up 11 years in a row, and there has to be a rest at some point

- Rogers says inflation is here already, doesn’t know what the Fed is talking about

- The US dollar is not a safe haven as America is the largest debtor nation in the world, investors run to the US dollar because they don’t know where else to go