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Gold/Mining/Energy : GLD

GLD 363.00

-0.4%

Oct 29 4:00 PM EDT

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From: ayn rand	4/16/2008 10:04:07 PM
	of 74

From an Interview with Jim Rogers: More Pain for the Greenback, and the Failure of the Reserve. Interviewed by Keith Fitz Gerald on April 8th, 2008: "The U.S. dollar is a terribly flawed currency. I'm trying to get all of my money out of U.S. dollars. I don't know why anybody would put money into the U.S. dollar, and by extension into the U.S., as we stand here today. The U.S. is probably the largest debtor nation the world has ever seen! The United States' foreign debts are increasing at the rate of $1 trillion U.S. dollars every 15 months. U.S. foreign debt is over $13 trillion, and rising rapidly. It's the official policy of the central bank to debase the currency. They're trying to drive down the value of the dollar. I'm trying to be patriotic. I'm trying to sell dollars. That's what they want. I'm trying to help them drive down the value of the currency. All Americans should. There are certainly probably good reasons to put some money in dollars. For instance, if you have to buy cotton, you have to have dollars. But for the most part- I, anyway- am joining other people who're trying to avoid the U.S. dollar, because Washington has sent a very clear signal: "We want the dollar to decline. We're gonna do our best to make it decline." Well, everybody has to make their own decision. I'm trying to do what the Federal Reserve wants me to do, and I'm selling dollars."

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