Sunday, May 15, 2011

Foreign exchange controls are coming to the US

“Foreign exchange controls are coming to the US. The UK had exchange controls by 1939, and they remained in place until Thatcher repealed them,”
“They never work. But politicians always resort to them.”
“So, while it’s still legal, and ethical, to do so, I would recommend diversifying your money outside of the US.”
- Jim Rogers

Maybe they’ll call it QE3, or Cupcake

Jim Rogers believes that the end of QE2 does not nmatter cause Ben Bernanke will continue to print more money : “No, it doesn’t really matter. They’ll continue to print money. Maybe they’ll call it QE3, or Cupcake, or something else" - he said

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

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