Jim Rogers spoke to Tom Keene and Ken Prewitt on Bloomberg Television today stating he's buying the US Dollar because markets are increasingly pessimistic about the currency.
I actually own the dollar right now, Rogers said in a radio interview on Bloomberg Surveillance. I saw that 95 or 96 percent of people are bearish on the dollar, so I stepped in and bought.
Jim Rogers' interview on Bloomberg follows his June 8th appearance on CNBC, Jim Rogers: US Dollar Total Disaster, Own Chinese Yuan.
He stated that even though the US Dollar is a total disaster in the long term, he's buying some in the short term.
We need to cut spending, we need to get rid of the deficit, we need to do something about the madness of those people in Washington, Rogers said.