Jim Rogers: The US is the Largest Debtor Nation in History
In his latest interview with The Wall Street Journal, famed Quantum Fund co-founder and investor Jim Rogers tells it like it is, as usual. Among other choice snippets, Rogers remarks that the current debt talk negotiations are simply a scam and a charade, and are just trying to get publicity. What follows are a few more, and you can view the entire video clip below.
- On the US potentially losing its AAA status – The US has lost its AAA status. Anybody who knows what’s going on knows that the US is now the largest debtor nation in the history of the world. It’s only Moody’s and S&P that haven’t figured out what’s going on. The world, the investment world, the financial world knows that America is not AAA anymore. Who cares what Moody’s said? Moody’s has gotten everything wrong in the past 10 years, why do you pay attention to them?
- On the US dollar – I own the US dollar because everyone is so pessimistic about it, and usually when that happens something comes along to cause a rally. Everybody sold the dollar under the current scenario, and that could well change.
- On US long term bonds – I’m short United States government bonds, long term bonds. I wouldn’t lend money to the United States in US dollars for 30 years at three or four or five, or you name the interest rate.