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Strategies & Market Trends : The coming US dollar crisis -- Ignore unavailable to you. Want to Upgrade?

To: Real Man who wrote (7094)	5/8/2008 12:25:21 PM
From: ggersh	Respond to of 71456

Trichet......Inflation a REAL concern Bernanke.....Inflation will moderate Which one got the needle in his arm?

To: Real Man who wrote (7094)	5/8/2008 1:43:04 PM
From: Elroy Jetson	Read Replies (1) \| Respond to of 71456

> Jimmy Rogers Wants You To Buy Dollars . Seeking Alpha -- Grace Cheng -- May 08, 2008 -- seekingalpha.com Billionaire investor Jim Rogers said today that he is expecting a US dollar rally in the currency markets. The Singapore-based Rogers, who predicted correctly the current commodities boom, said at the launch of the Barclays Global Agriculture Delta Fund in Singapore today he expects a “nice rally” in the US dollar because many people including himself have been bearish on the dollar. He is also bullish on the Australian dollar, saying he does not have plans to sell the Aussie as “they have a great future”. He did say that ” the New Zealand and Australian dollar may get hurt if carry trades reverse”. Many people who called for a dollar rally at the start of this year were hurt when the dollar fell to a record low versus the Euro in late April. There is a good enough chance the dollar could now be bottoming in the short to medium-term against the Euro and Swiss franc, judging from the breaching of certain significant technical price levels and change of sentiment towards the dollar. Last month, Rogers said he was hoping the dollar rally would last a year, which would allow him to sell all of his dollars. Now that Jim Rogers has spoken his thoughts, and if enough people follow his prediction, the dollar could indeed see the light, and he could get rid of dollars. So Rogers is bullish on the following: Commodities (since 1999), commodity currencies like the Aussie, Kiwi and Loonie, and the US dollar. If you recall, Warren Buffett said over the weekend that not even aliens would like to keep US dollars. Both Buffett and Rogers are on the same page in some way: They don’t really want to hold onto dollars in the long-term. In any case, many people including Rogers, Buffett and George Soros (who co-founded Quantum fund with Rogers in the 1970s) are saying the dollar is losing its status as the world’s reserve currency and a prime candidate replacement is the Euro. Rogers even said today the Chinese yuan could become one in 20 years’ time. Yet, it’s quite unnerving to think that China could hold so much power, considering China’s questionable political and human rights record at this point in time. .