February 12, 2009

We are going to have some Currency Crisis this Year

"Later this year or next year we are going to have terrible financial problems, starting in the currency markets, we are going to have some currency crisis this year, whether it starts with the british pound or the US dollar, or some other currency, the Ruble, who knows, we are going to have many, many currency problems.

I don`t know which currency I will end up in, I own several currencies at the moment, I own the Euro, the Swiss Franc, the Norwegian and Danish, Swedish Krona, the Yen, the Chinese Yuan, the Singapore Dollar, the Australian Dollar and the New Zealand Dollar but where will I go when I get out of the Yen, I have no idea.

Do prepare yourselves because there are going to be spectacular opportunities in the forex markets as this currency crisis unravel in the next year or two.

In am looking for a new currency to buy after I sell my Yen, I don`t see any strong candidates on the horizon, I suspect it will be something that I haven`t though yet, that I don`t already own, maybe the Brazilian Real or the Malaysian Currency." JIM ROGERS