Jimmy On The Dollar
April 20th, 2006 by 
InLibrisLibertas
Jimmy Rogers, in a speech given in Singapore: “The U.S. dollar is in the process of losing its status as the world’s reserve currency, sterling went down 80% from top to bottom (when it lost its status as the world’s reserve currency), the U.S. dollar’s going to go down a lot in the next decade or so.”
Clearly this is the case. I don’t see any other way that the excess consumption can be curbed. The dollar will go down, but nominal wages will not increase to compensate.
Posted in Inflation & The Dollar, Jim Rogers | 