Jim Rogers: Currency Wars a race to bottom

The Japanese said "We will print unlimited amounts of money.' So Bernanke[USA] said "Oh my gosh, I can do that, too.' Then the English said "Well, wait a minute guys, we can play, too.' So now you have nearly everybody printing a lot of money" - in a competitive way.

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).