Sunday, June 7, 2009

Currency crisis on the horizon

Browsing CNBC I came across a compelling story that a currency crisis is on the horizon. "I’m afraid they're printing so much money that stocks could go to 20,000 or 30,000," Rogers said. "Of course it would be in worthless money, but it could happen and you could lose a lot of money being short." said Jim Rogers, chairman of Rogers Holdings.

Although the US dollar is in bad shape I still don't believe we should all bail out and drop the currency at the moment more stable currency. I'll elaborate on this topic in another post, for now watch the video about the currency crisis;http://plus.cnbc.com/rssvideosearch/action/player/id/1142004332/code/cnbcplayershare



original story @ http://www.cnbc.com/id/31106964/

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