OT The Obamas - Page 3

PLEASE SEND WESTERN UNION RONNIE RUNCO BATON ROUGE LOUISIANA.

By Chua Kong Ho and Nipa Piboontanasawat

Jan. 19 (Bloomberg) -- Jim Rogers, chairman of Singapore- based Rogers Holdings, said investors should be “worried” about the U.S. dollar, and recommended selling government bonds and buying raw materials, China stocks and the yen.

“If I were you, I would be worried about the U.S. dollar,” said Rogers, 66, in a speech at the Asia Financial Forum in Hong Kong today. “The Americans are printing U.S. dollars. The Americans are going to do whatever they can to revive their economy, even if it means destroying the U.S. dollar.”

The idea that you can fix a period of excess borrowing and excess consumption by more borrowing and more consumption to me is just ludicrous,” he has said.
 

He is also deeply Gloomy about the time it will take to resolve the problems of the credit crunch. “Most Americans alive today Won't be around by the time the last of this credit market mess is finally cleared away,” he said last August.

The echoes of Black Wednesday are apposite: George Soros, the hedge fund manager estimated to have made £1 billion betting against the pound back then, was a former business partner of Mr Rogers. In the 1970s, the two men set up the phenomenally successful Quantum hedge fund.

They parted company long ago, but Mr Rogers's reputation as an investment genius still rests largely on that ten-year period, when he and Mr Soros multipled their clients' money a spectacular 43 times over.

http://business.timesonline.co.uk/tol/business/economics/article5555898.ece

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'He is also deeply Gloomy about the time it will take to resolve the problems of the credit crunch. “Most Americans alive today Won't be around by the time the last of this credit market mess is finally cleared away,” he said last August. '
Get that?