Jim Rogers visited CNBC last week in Singapore (where he lives) to discuss his outlook on global markets.
Click play to view:
Among other things, Rogers discussed the notion that the US is prone to hyperinflation, as in the 1970s, as a result of its money printing operations. Rogers also said the US has been lying about inflation, that the actual rate of inflation in the US is around 6-7% currently. He added that it would be nice to know where the government shops, because we all know the price of things has been doing nothing but going up.
Rogers also pointed out the best places in the world to invest are countries which are rich in agriculture and natural resources and added that he is not currently buying the shares of any companies in Asia as most markets are up around 100% year-over-year such as China and Sri Lanka.
He added also that America is debasing its currency at a terribly rapid rate and this is never good in the medium to long term - sometimes it helps in the short term - but longer term he's pessimistic about the fate of the US dollar.
Here are some of the earlier clips from Roger's visit the same day:
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8:10 am - How Best to Play China - With China's pace of growth set to surpass that of the developed world, Kirk West, MD of Principal Global Investors & Jim Rogers, chairman of Rogers Holdings reveal how they capitalizing on this.
8:20 am- China Boosted by Stimulus - Stimulus measures are working on China's domestic economy, says Kirk West, managing director, at Principal Global Investors. He speaks to Jim Rogers, chairman of Rogers Holdings.
8:30 am - China will Float Yuan - China is freeing their currency more and more each quarter, and this is a sign that a free-float of the yuan is not far, Jim Rogers, chairman of Rogers Holdings tells Thomas Harr, senior FX strategist at Standard Chartered Bank.
