no doubt the guy is super successful and wealthy. however, he is an attention seeking missile and will make shocking statements just for the fun of it. always put what he says through this filter prior to taking it at face value. i believe that smart long term speculators are starting to buy the dollar here at these lows, we will see what happens surf
Rogers is swapping dollar for yuan because he like everyone else knows that the chinese currency is undervalued against the dollar. With the commies very slowly moving toward an open market, they'll come a time where they'll have to let the thing float. Easy trade but may not triple or quadruple right away. The political currency as Rogers calls it has hit the "pain barrier" as EU business says G7 failed to tackle euro's rise.
That chart is primarily used by Swiss economists to explain the fiat money theory/phenomenon and how the end of the financial world is coming.. Its already been almost three decades and the financial world seems to be doing pretty well so far. And the reason is that the value of dark matter (as per link below) is not being accounted properly into the equation. http://www.cid.harvard.edu/cidpubli...tter_051130.pdf
silly me....I just couldnt figure out why a 3 bedroom dump costs $2 million I need to hire a Swiss economist http://homes.realtor.com/search/lis...0016a&lid=1087860781&lsn=274&srcnt=343#Detail
funny. obviously a misprint. anyone know if jimmys house, listed at 15 million last i checked, ever sold?? surf
jimmys house--still on the market: http://www.inmanstories.com/movies/newplayer.cfm?name=ljgco_352riverside nice, but looks dingy to me---spending 15 million on housing, i would prefer a nice spread in greenwich or nantucket/vineyard/cape. 5million for perfect condo in NYC, 10 million for country house. this place is way overpriced in my opinion. surf