Wednesday, July 5, 2017

Jim Rogers on Japan and Yen currency

Japan is unique because they have somewhat of a closed society and economy. They can continue to trick each other for a long time that everything is great. The media and the emperor will tell the people that everything is fine, and the people will believe that. I do not know when it is going to happen, but we have had economic problems every 5 to 10 years since the beginning of time. We are going to have problems again no matter what the press says. The media and the emperor can keep telling the Japanese people that everything is fine, but it will end badly whether we like it or not.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.