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

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

More quotes by Jim Rogers

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I’ve got one shot going through this life. I want to make sure I do as much as I can.
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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
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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.
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If you want to be lucky, do your homework.
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You will never get anywhere if you do not do your homework.
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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.
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Most successful investors, in fact, do nothing most of the time.
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Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.
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Historically, there has been a bull market in commodities every 20 or 30 years.
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I cannot invest the way I want the world to be I have to invest the way the world is.
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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.
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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.
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The first loss is the best loss.
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Lady Luck smiles on those who continue their efforts
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Commodities tend to zig when the equity markets zag.
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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.
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If anybody laughs at your idea, view it as a sign of potential success!
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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.
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Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
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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