Jim Rogers' Latest Comments: February 13, 2009

Jim Rogers' latest comments - February 13, 2009.

• US stimulus packages are throwing "good money after bad"

• US making the same mistakes as Japan, propping up zombie companies and supporting the incompetent people

• Financial mess started with the bailout of Long Term Capital Management in 1998

• Alan Greenspan never let the system work, as he did not let anyone fail

• Water treatment, agriculture good places to be for the foreseeable future

• Does not see a great future for the Pound Sterling

• Has zero respect for the World Bank and the IMF - we should abolish them
  

Jim Rogers on Upcoming Opportunities in Currency Markets

Jim Rogers, doing some "stand up" commentary on upcoming opportunities in the foreign currency markets:

• Expects the Japanese Yen to rise another 10-15%
• The current dollar rally is a forced short covering - not a flight to safety
• We are going to have "many, many, many" more currency problems this year
• Owns the Euro, Swiss Franc, Norweigan Krona, Danish Krona, Swedish Krona, Japanese Yen, Chinese Renminbi, Singapore Dollar, Australian Dollar

"Do prepare yourselves, because there are going to be spectacular opportunities in the currency markets as these currency prices unravel in the next year or two."