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Author Topic: No such thing as a sound currency anymore  (Read 954 times)
Orange Pekoe
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March 26, 2011, 12:01:48 PM
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Opportunity for Bitcoin? I thought you would like this. Investor Jim Rogers gives his take on currencies.

http://www.youtube.com/watch?v=Mhaq09rQGaE&feature=related

Transcript

Jim Rogers: What else could I say, I own the Swiss Franc. I worry about everything I own. I worry about the Swiss Franc but I own it at the moment. I've owned it for a long time and I see no reason to sell it yet.

Interviewer: And why do you think it's such a sound currency?

Jim Rogers: There's no such thing as a sound currency anymore except maybe the Singapore Dollar but it would have its own problems.

If Singapore maintains a sound currency and everybody else doesn't, Singapore will go out of business 'cause they won't be able to compete.

In 2015 every politican in the world will be buying votes by debasing his currency. 2012, 2011, politicians all over the world now know how to buy votes and they do by debasing the currency, so the idea of a sound currency does not exist. 50 years ago yes, the concept of sound currencies existed. There's no such thing anymore.




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March 26, 2011, 12:35:23 PM
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In 2015 every politican in the world will be buying boats by debasing his currency.
fix'd  Grin

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rothschild
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March 26, 2011, 02:34:49 PM
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All your money are belong to us.
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March 26, 2011, 04:01:53 PM
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...Singapore will go out of business 'cause they won't be able to compete.
 

Lol. I don't even know where to start.

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