Wednesday, November 14, 2007

Jim Rogers Dumping U.S. Dollars

On October 23rd, Jim Rogers, chairman of Beeland Interests Inc., gave an address to ABN Amro Markets in Amsterdam, where he said he's getting out of the U.S. dollar and into the Chinese yuan. He says the dollar has lost too much value and is going to lose more because the Fed's policy is to debase the currency.

http://www.bloomberg.com/apps/news?pid=20601087&sid=amQBwDBSDvBE&refer=home

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