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
Never
Term
Mediums
Like
Easy
Politicians
Doe
Lots
Sometimes
Politician
Even
Worked
Work
Short
Debasing
Long
Usually
Currency
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Works
Medium

More quotes by Jim Rogers

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You will never get anywhere if you do not do your homework.
Jim Rogers
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If you bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich
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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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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
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Historically, there has been a bull market in commodities every 20 or 30 years.
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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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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.
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Commodities tend to zig when the equity markets zag.
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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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I was poor once, I didn't like it, I don't want to be poor again.
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Right now I own shares of companies in 28 countries.
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I haven't met a rich technician
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Lady Luck smiles on those who continue their efforts
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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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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.
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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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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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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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The first loss is the best loss.
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