October 23, 2013

Every Major Central Bank Is Debasing Currency

This is the first time that I know of, in recorded history, when every major central bank is printing money at the same time and trying to debase their currency. In the thirties, we had beggar-thy-neighbor policies but those were mainly tariffs and controls.

This time everybody is printing money, I don`t think this has ever happened in recorded history.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.
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