Tuesday, October 4, 2011

Jim Rogers: Tarrifs would be a Disaster

Jim Rogers interview on Russia Today America on the 3rd of October 2011.

They discussed about the currency law debated in congress mainly related to the Chinese RMB currency manipulation. Jim Rogers aid if the US implemented tariffs, everybody would suffer, the dollar could plunge and interest rates go up.

He then explained that he owned the US dollar because everybody was negative about the the dollar and that many people perceived the US dollar as a safe haven.

Finally, they talked about the economic outlook for the US and the world.

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