Tuesday, June 28, 2011

China can save Europe

"China can save Europe" legendary investor and author Jim Rogers told Russian TV RT. "They become the savior, they become the large creditor for Europe," "They are going to have a very major seat at the table. It is going to improve their position in the IMF. It is going to improve their position with the World Bank. It is going to improve their position at the UN because the Europeans are going to be more and more friendly to China, because China is saving them."

"The Chinese have huge international reserves ... over three trillion US dollars in various currencies." Rogers added. "Internally, yes, they have had too much inflation and they are trying to cool that inflation off, but their international situation -- they have got lots if liquidity and can do whatever they want."

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).