Tuesday, May 26, 2015

Reserve Currency: The World Is Moving Away From The U.S. Dollar

There is no question that the world has a problem with its reserve currency, the U.S. Dollar is a terribly flawed currency. The same thing occurred to the British Pound once upon a time and it lost its status. The same thing as happened to every currency in history. Will it happen anytime soon? I do not think so, but the world is moving away from the dollar.

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several investing books and also a renowned financial commentator worldwide famous for his contrarian views on financial markets.