So they did just a little bit better than the people that lost 100% of their wealth. But actually i find it hard to believe they lost 98%. I mean say the dollar collapsed and you own coca-cola stock (KO) Now coke is all around the world and people drink it every where. I find it hard to believe that if the dollar collapsed and you had $10,000 worth of KO that the stock would only have $200 worth of purchasing power.
This jerk-off just called the current rally a sucker's rally. He also, told people to sell the pound right at the bottom!!!!! Don't forget that.
+1 He told people to get out of pound exactly at the same time that his mate Soros admitted he covered his GBP shorts. Around the 1.35 price.
Does Rogers even trade? I thought I read somewhere that no one even can say what he trades or through whom he trades.
Haven't you seen him flashing around those golden coins out of his pocket? I'd bet he has more of them at home.
That you "find it hard to believe..." is the reason we are so sanguine about the prospects of high inflation*. Losing 98% of your wealth will bankrupt all but the very richest. That's what a "1,000,000:1" currency devaluation will do for you. *Government and the Fed decry the evils of deflation... mostly because the effects are evident in the short term and will get them thrown out of office. But the TRUE villain is INFLATION... Destroyer of Worlds.
http://content.usatoday.com/topics/...+Agriculture,+Chemical/Kroger/0aEnc4Y45y8Z2/1 Milk price crash takes toll on dairy farmers Barnhart, Mo.-- A collapse in milk prices has wiped away the profits of dairy farmers, driving many out of business while forcing others to slaughter their herds or dump milk on the ground in protest. But nine months after prices began tumbling on the...