SubscribeJim Rogers Selling Dollars Short U.S. Treasuries
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.
“The government is printing lots of money and borrowing even more; that’s not the basis for a sound currency,” he said in a telephone interview today from Singapore. “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.”
My comment: The last sentence is the question I have asked for many years. Who would loan money to a deadbeat, corrupt, and bankrupt government like the US? I know people do not like that type of talk but loving your country is not the same as loving the government.
John Polomny
the Real Deal
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