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.
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.
