Jim Rogers, being interviewed on Bloomberg, just said that he is selling all of his dollars and getting into something where the fundamentals are good, like commodities and Taiwanese and Chinese companies whose fundamentals are good. He said the dollar is going the way of the pound sterling when that stopped being the world's reserve currency and dropped 90%. "When will it recover?" he was asked. "I hate to say this. Probably never." He allowed as how the people in Washington have wrecked it permanently.

Jim has always been a straight shooter and most often right.