The world needs something to compete with and replace the US 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. - in www.indiavision.com

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).

people will take refuge in real assets and gold is one of them

Jim Rogers : Governments all over the world are debasing currency; Yesterday, the US Federal Reserve said it will continue to debase their currency. The more the governments will debase paper currency, people will take refuge in real assets and gold is one of them. - in www.indiavision.com

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).

America should have been downgraded years ago

Jim Rogers : What are they waiting for? America already should be downgraded. They should have been downgraded years ago. The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt. What are they talking about?

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).

The only thing that works is what happened in Scandinavia 21 years ago

The idea of printing more money and buying worthless bonds instead of forcing people to go bankrupt is ludicrous. That's how you destroy an economy, that's how you destroy a financial structure and that's how you destroy the euro. No matter what projections you look at all of them show the debt in these countries will be higher in five years not lower and that's destroying the economy of Europe and the euro. Greece should stay in the euro, but make them go bankrupt, make them stop spending, make the people who lent the money to the wrong people lose money. The only thing that works is what happened in Scandinavia 21 years ago. They saw there were problems and they took their losses and had horrible pain for three years but since then Scandinavia has boomed. I wouldn't buy the euro now but I a certainly not selling it as I expect it to go up. If you want to buy a currency I would rather buy the dollar today of those two but I am not doing either. - in FT.com

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).