Wednesday, May 14, 2014

Jim Rogers on US sanctions on Russia and US Dollar

I would think that anyone using the US Dollar put up and take notice, because it is clear that if America does not like you, they have weapons at their disposal including blocking your US Dollar.

I would suspect more and more people are saying "Wait a minute maybe I should use something else besides the US Dollar". So yes, in the long term there could be a continued move away from the Dollar away from fundamental reasons, but this gives a more impetus to move away sooner.

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).