investor Jim Rogers speaks with RT on the relationship between China,
the largest creditor nation, and the United States, the largest
debtor nation in history.
States is trying to drive down the value of its currency,
says Rogers. He believes this strategy sometimes works in the short
term, but is a bad policy for the long term. Rogers argues that
the US will not prosper by debasing the dollar.
predicts more crises in the currency market, happening as early
as this Fall. He thinks this will force America to do something
about the flawed US dollar. Rogers says the next crisis will be
worse than the financial collapse of 2008. He remains bullish on
the Chinese yuan and sees China continuing to open its currency
down the road.
with permission from Bull
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