Chinese Yuan needs more open trading to compete with the US Dollar

I own a lot of US dollars, but I know that the era of the US dollar is coming to an end. No currency stayed on top forever, no more than 100-150 years – none in history…

But I don’t see another currency at the moment that can compete except the Chinese currency but the Chinese yuan is a blocked currency. You can’t just buy and sell it like you can euros or dollars or something. 

So until China completely opens its currency, I don’t its practice. They’re doing it, they’ve been doing it for 20 years. Not enough if you ask me, but it’s the only currency that I see on the horizon that someday can compete with the US dollar. I hope something else comes along, but I don’t see it yet.

Turkey could be an opportunity to buy a disaster. Turkey is high on my list.

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

The Chinese Navy is bigger than America's navy.

 

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

I am still bullish on Agriculture. Copper, Iron Ore is making all time highs.

 

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

It takes longer in the US to make real changes.

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

I'm always shocked to see how little people know about the world, money and investing.

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