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
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Politicians
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Sometimes
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More quotes by Jim Rogers

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Historically, there has been a bull market in commodities every 20 or 30 years.
Jim Rogers
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
Jim Rogers
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I don`t think I own any US stocks, if I do its very few, so few I can`t even remember.
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.
Jim Rogers
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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
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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.
Jim Rogers
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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
Jim Rogers
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I cannot invest the way I want the world to be I have to invest the way the world is.
Jim Rogers
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Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.
Jim Rogers
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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.
Jim Rogers
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If anybody laughs at your idea, view it as a sign of potential success!
Jim Rogers
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I was poor once, I didn't like it, I don't want to be poor again.
Jim Rogers
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Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
Jim Rogers
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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
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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.
Jim Rogers
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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
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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.
Jim Rogers
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If you want to be lucky, do your homework.
Jim Rogers
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Lady Luck smiles on those who continue their efforts
Jim Rogers
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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.
Jim Rogers