Quote

Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way.

Jim Rogers

Change background

T
T
T

Change font

TAGS & TOPICS

Jim Rogers
Age: 82
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
Jr
Even
Worked
Work
Short
Debasing
Long
Usually
Currency
Way
Works
Medium
Never
Term
Mediums
Like
Easy
Politicians
Doe
Lots
Sometimes
Politician

More quotes by Jim Rogers

Image
If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.
Jim Rogers
Image
Right now I own shares of companies in 28 countries.
Jim Rogers
Image
I haven't met a rich technician
Jim Rogers
Image
The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.
Jim Rogers
Image
Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.
Jim Rogers
Image
When things go wrong on a macroeconomic level, it's almost always this way. People find someone to blame, whether it's blacks, whites, Christians, Jews, Muslims-whoever.
Jim Rogers
Image
I’ve got one shot going through this life. I want to make sure I do as much as I can.
Jim Rogers
Image
I cannot invest the way I want the world to be I have to invest the way the world is.
Jim Rogers
Image
I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.
Jim Rogers
Image
If you want to be lucky, do your homework.
Jim Rogers
Image
It's a lot of fun finding a country that nobody knows about. The only thing better is finding a country everybody's bullish on and shorting it.
Jim Rogers
Image
I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.
Jim Rogers
Image
You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.
Jim Rogers
Image
You will never get anywhere if you do not do your homework.
Jim Rogers
Image
I learned very early in my investing careers: I better not invest in what I want. I better invest in what's happening in the world. Otherwise I'll be broke - dead broke.
Jim Rogers
Image
Commodities tend to zig when the equity markets zag.
Jim Rogers
Image
Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing.
Jim Rogers
Image
Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
Jim Rogers
Image
Most successful investors, in fact, do nothing most of the time.
Jim Rogers
Image
The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.
Jim Rogers