Renowned Investor Jim Rogers Sees the End of the US Dollar — Says ‘Washington Does Not Play Fair Anymore’

Veteran capitalist Jim Rogers, who co-founded the Quantum Fund with billionaire capitalist George Soros, says that “what is happening with the U.S. dollar present is the extremity of the U.S. dollar.” He explained that “an planetary currency is expected to beryllium neutral but successful Washington, they are present changing the rules,” emphasizing, “Washington does not play just anymore.”

Jim Rogers connected the End of the U.S. Dollar

Renowned capitalist Jim Rogers discussed the extremity of the U.S. dollar and the aboriginal outlook for cryptocurrency successful an interrogation published by the Economic Times Sunday. Rogers is George Soros’ erstwhile concern spouse who co-founded the Quantum Fund and Soros Fund Management.

He was asked astir the outlook for the U.S. dollar and wherever helium sees the dollar scale headed. “I ain U.S. dollars partially due to the fact that erstwhile turmoil comes, radical look for a harmless haven. They deliberation the U.S. dollar is simply a harmless haven for historical reasons,” Rogers began.

However, the seasoned capitalist added:

But what is happening with the U.S. dollar present is the extremity of the U.S. dollar due to the fact that an planetary currency is expected to beryllium neutral but successful Washington, they are present changing the rules.

“Now if Washington does not similar you, they enactment sanctions connected you and you cannot usage U.S. dollars,” helium stressed.

“So, galore countries are starting to look for a rival — China oregon Russia oregon India, Iran, Brazil … immoderate countries are starting to look for a competing currency, and they should due to the fact that Washington does not play just anymore,” helium continued.

Since Russia began its penetration of Ukraine, the United States arsenic good arsenic a increasing fig of different countries person been placing sanctions connected Russia.

Russia has astir 16% of its reserves successful U.S. dollars and 32% successful euros. As billionaire capitalist Bill Miller precocious described: “They person astir 50% of their reserves successful currencies that are controlled by radical who privation to bash them harm.” Miller agrees with Rogers that different countries are starting to look for alternate currencies to the U.S. dollar.

Rogers added:

Of course, the U.S. is the largest debtor federation successful the world. So, for cardinal reasons and governmental reasons, radical are looking for competing currency.

“I bash not cognize what it volition beryllium yet. I anticipation I americium astute capable to bargain it erstwhile you find it. I bash not similar saying it. I americium an American but I bash not similar to spot what they are doing to the American dollar,” helium opined.

Jim Rogers Still Concerned Governments May Outlaw Bitcoin and Other Cryptocurrencies

Rogers was besides asked, “Can cryptos ever beryllium an alternate to the U.S. dollar index?” He replied: “Well it could be. Many radical person made a batch of wealth trading crypto.”

He explained that crypto bulls accidental that cryptocurrency volition beryllium the caller money. “I cognize that each state successful the satellite is moving connected machine wealth now, including the U.S.,” helium pointed out. However, helium said that the U.S. volition not accidental it is caller money.

Regarding cryptocurrency, helium noted that “Governments similar control” and “Governments similar monopoly.” The seasoned capitalist elaborated:

I bash not similar it but that is the mode governments are, and I conscionable fishy that they volition either taxation it oregon modulate it oregon outlaw it oregon thing due to the fact that they bash not privation to suffer control.

Rogers has warned that governments could ban cryptocurrencies connected respective occasions. He said it is the crushed helium did not invest successful bitcoin. However, successful May past year, helium said helium regretted not investing successful BTC.

What bash you deliberation astir Jim Rogers’ comments? Let america cognize successful the comments conception below.

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