Jim Rogers on the BBC Business Daily 20th Jan 2011

Jim Rogers speaks to BBC's Business Daily 20th Jan 2011



Jim Rogers : ...Well, the only asset bubble I see potentially in China is in urban coastal real estate, but real estate is not nearly the entire Chinese economy as it was in America and the U.K. Sure, they will have setbacks.
Justin, in the 19th Century, America had a horrible civil war. We had 15 depressions with a 'D.' We had very few human rights. We had massacres in the streets regularly. We had very little rule of law. You could buy and sell - you can still buy and sell congressmen in America, but in those days they were cheap. America had horrible problems, but they came out of that and had a pretty good 20th Century.

Jim Rogers : people jump into dollars when there is war.

Jim Rogers : "...I am always looking at everything to buy and sell. I watch the markets here everyday, every week, every month because if something happens, I want to know and I told you that I was buying some US dollars because everybody was extremely pessimistic on US dollar. I might buy more US dollars if this is going to be serious. Not because I am optimistic about the dollar, but because for whatever reason, people jump into dollars when there is war. ..."
in www.economictimes.indiatimes.com