Wednesday, August 31, 2011

Alternative to dollar

Jim Rogers : The world definitely needs something to compete with and replace the US dollar. But I don't see that happening anytime soon. It is going to take a while for a currency to come up to replace the US dollar. We need an alternative, but it takes a while. America is the largest debtor nation in the history of the world. There is no such currency at this point.

Jim Rogers is a bestselling author, financial commentator and successful 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).