“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 The UK had exchange controls by 1939, and they remained in place until Thatcher repealed them,”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
Jim Rogers graduated from Yale University and has a degree in philosophy, politics and economics from Oxford University. Jimmy Rogers became a Wall street legend when he and George Soros founded the Quantum Fund.After his career as a hedge fund manager and investor,Jim Rogers now periodically teaches finance at Columbia University, and appears regularly on the CNBC Cable Network.
Showing posts with label Foreign exchange controls. Show all posts
Showing posts with label Foreign exchange controls. Show all posts
Sunday, May 15, 2011
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