Monday, June 3, 2013

Jim Rogers: Yen downfall move dangerous

Jim Rogers on the Japanese yen policy:

The [yen], which is one of the major currencies of the world, has collapsed 27 percent in no time. It’s a very, very dangerous move. I know the government is reporting that [the Yen’s] move is good, but I don’t trust governments. I don’t trust our government, their government, or anybody else. Their government is as good at lying as ours is.

Everything japan imports from cotton, they import a lot of stuffs will go up. The Japanese will suffer but  exports will do well, stockbrokers, currency traders will do better, rest of the world not so good.

Jim Rogers

Warren Buffett

Nouriel Roubini