Jim Rogers warns of another recession

I wish this wasn’t true but he’s always been right. We met with Jim in December 2007 when we were doing an article on Mandarin speaking nannies. At that time, he told us to get out of the dollar and move our money into an overseas account recommending a few different currencies.

I would never do that. I love America. This country has been great to me.

See the latest from Jim Rogers on currency markets, inflation, and commodities, and provides solutions to the economic problems in the US.

Rogers says the US dollar is an okay place to be in the short-term for technical reasons. He says the currency is terribly-flawed over the long-term. He believes inflation is here, as prices are already going up.

“Prices are going to get worse because Mr. Bernanke and the people in Washington are spending gigantic amounts of money which we don’t have, and someobody has to pay for this. There’s no free lunch.”