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09-17-2009, 04:07 PM #1
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Jim Rogers: Dollar Faces Unavoidable Crisis
Jim Rogers: Dollar Faces Unavoidable Crisis
Thursday, September 17, 2009 9:15 AM
By: Ellen Chang and Dan Weil
The U.S. dollar faces more uncertainty and a currency crisis is unavoidable, says commodities guru Jim Rogers.
The economy could take further hits as debt levels remain high, he told CNBC. The recent rebound is only a reaction to consumption falling immensely in 2008.
"How can the solution for debt and consumption be more debt and more consumption? How can that be the solution to our problems? I would expect there to be a currency crisis or a semi-crisis this fall or next year,â€Join our efforts to Secure America's Borders and End Illegal Immigration by Joining ALIPAC's E-Mail Alerts network (CLICK HERE)
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