Rogers: Time to Dump the Flawed Dollar
Investors should dump the dollar and put their money into commodities, says billionaire investor Jim Rogers.
The greenback will get even weaker as inflation inevitably rises, which will prompt the government to sell bonds and print money to pay down gaping deficits, Rogers says.
“The U.S. dollar is now a terribly flawed currency,” the Australian Broadcasting Corporation quoted Rogers.
“The U.S. as recently as 1987 was a creditor nation. Now it's the largest debtor nation in the history of the world and that's going to continue to cause problems.”