interviews Jim Rogers about the relationship between the United
States and China. Rogers says, "The United States is trying
to drive down the value of its currency ... but that's not a good
policy." Rogers goes on to say that it is lunacy to think that
the United States is going to prosper by the devaluation policy
of the Federal Reserve.
Jim also thinks
that the US has to face the fact that it is the largest debtor nation
in the world and that the dollar is a terribly flawed currency.
Its position as the world's global reserve currency will end.
more currency crises and that this will force America and the world
to take some serious action to change the system. And Rogers is
stunned by how little the American people seem to care or be aware
of the gravity of the US dollar fiat-money crisis.
line according to Rogers, "2008 was bad but the next time around
is going to be even worse."