Jim Rogers: Trade Wars Always Lead to Real War

Thursday, October 6, 2011
By Paul Martin


Successful investor and author, Jim Rogers, warns that a trade war could lead to a repeat of the Great Depression along with a war between the U.S. and China. He’s also bullish on the US dollar.

On ramifications of a US-China trade war:

“This could be terribly, terribly dangerous if we turn into a trade war. We had a trade war in the 1930s, it led to the Great Depression. We already have small signs of trade wars breaking out: Brazil, France, other places, now America. This could be very dangerous in the end.”

“If it turns into a trade war it is the most momentous thing of 2011. Trade wars always lead to wars.”

“If America does put on tariffs onto the Chinese, the Chinese have various weapons at their disposal. They could stop buying American government bonds. They could sell American government bonds. If they did that, interest rates in America would go through the roof. The value of the US Dollar would go down a lot (perhaps a lot or, at least, a little). This would not be good for anybody, including for China. But, what happens Lauren is whenever people get slapped in the face, they always have to slap back.”

Bullish on the US dollar:

The Rest…HERE

Leave a Reply

Join the revolution in 2018. Revolution Radio is 100% volunteer ran. Any contributions are greatly appreciated. God bless!

Follow us on Twitter