America Has Become A Communist Nation
America now owns the car industry. America owns the mortgage industry. America owns a lot of the insurance industry. Karl Marx must be somewhere standing up in his grave cheering. And why is that? America has become a socialist and maybe even communist nation in many ways.
British Pound And The US Dollar Are Doomed
"I still expect it to be doomed. Throughout history, major currencies have lost their status. The problem is, the pound and the US dollar are both terribly flawed currencies right now and they may go down together."
Dollar And US Government Bonds Outlook
“The government is printing lots of money and borrowing even more; that’s not the basis for a sound currency. The idea that anybody would lend money to the U.S. government for 30 years at 3 or 4 or 5 or 6 percent interest is mind-boggling to me."
The dollar and U.S. Treasuries are both likely to slide as soaring government debt in the world’s biggest economy undermines confidence in its assets, according to Jim Rogers, chairman of Rogers Holdings. Jim gave a telephone interview to Bloomberg TV earlier today.
Sursa : Jim Rogers - Blog
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