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Thursday, December 18, 2008

Billionaire Jim Rodgers talks dollar drop

As Obama advances his stimulus package more green pieces of paper will be printed. These greenbacks will dilute the strength of the dollar. Jim Rodgers says that a dollar drop is coming.

The dow was down almost 250 points today. People are losing their confidence in the stock market. Things are worse on main street and wall street. Real Estate fell like a house of cards and are still falling. Big problem, lower earning means lower share prices. However, the biggest problem is that the dollar will lose most of its value soon.

Rogers on the Dollar
Rogers on the Dollar

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