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Famed Investor Jim Rogers: "Dumb move - We Are Driving Russia, China, and Iran Together"

We are shooting ourselves in the foot. Its BAD, BAD, BAD. Ruble not doing as poorly as people say. "Wildly" bullish on Russian agriculture.
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This post first appeared on Russia Insider


In this video, famed investor Jim Rodgers discusses the diminishing role of dollar in the global economy together with some thoughts on Russian economy and agriculture.

His main points are:

  • US is shooting itself in the foot and lot of folks are moving away from the dollar.
  • US is driving Russians to the Chinese and vice versa, we are driving Iranians in the arms of Russians and Chinese. They don't have any choice so they are finding ways to get around US dollar and banking system and this is not good for US.
  • Investors should continue investing in Russian shares. They are not as low they were when Crimean situation happened.
  • One reason ruble is down is because all currencies are down, not just the ruble. US dollar was going up like a rocket for variety of reasons.
  • Be bullish about Russian agriculture; Russian farms are very cheap.
  • Be optimistic about Russian agriculture, it has a great future. Its vast and fertile lands whch haven't been ruined like in many western countries, China, and India.

 

 


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