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Why Jim Rogers owns dollars printed by "crazy" fed bankers

5:38am BST - 03:53

A shaky couple of weeks in the global markets has rattled nerves, but while Jim Rogers continues to hold U.S. dollars, he warns investors not to confuse the greenback for a long-term safe haven.

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Tim Rogers thanks so much for being with me now global investors getting increasingly. Nervous that's extending to emerging markets. How are you feeling about getting into equities right now. Well I'm just watching right now I have been have told you before it. I'm all of this is very artificial what's been going on in the market. Central Bank all central bank's major central banks around the world have been printing staggering amounts of artificial liquidity. It's gonna come to an end I don't know it's coming to it in now or not. But when it did does it. We're all gonna pay a terrible price because of massive excess liquidity. Current biology is crazy central banks. But that is the problem is that we don't know win that money printing and I'm extending beyond the Fed here to think of Japan except truck. Windy it is going to come to the end so how do you position yourself in this type of environment. But what I expect to happen is that what world we will have some pain in May be is starting now and be serious pain in the markets go around 1020%. People called. Washington envisage Allen who's just an academic at bureaucrat doesn't really know much will panic. Analysts say OK guys now I'm sorry I'll save everybody. So the central banks will start up again. Both verbally and in actuality printing more money and the markets will have a big rally there about a half heave a sigh of relief. And Alfred go to the races that will probably be the last time around and that might even end up in a bubble. But these people don't know what they're doing. And they gonna panic when the market started going down. Speaking of off to the races let's look at the US dollar which has been going from strength. To strength on the back of this nervousness are you look buyer of US dollars right now. I have no confidence in the long term strength that US dollar I only only because I expect all this turmoil that happened. And in times of turmoil. People flee to the safe haven of the US dollar is not a safe haven but they think it's a safe haven so people will own it. That's why don't. Now what I expect to happen is a dollar go up stronger and stronger over the next year through. At which point at some point I'll have to sell it and how have no idea what I would do with my money in because the world has got this terrible terrible. Unsound foundation. An all access what about gold then kind of usage he'd be a buyer of gold at the price started to follies getting ready to get in tickled. Well goldeneye. Have not buses shoulder about any goat. It goes under a thousand. I hope I'm Smart enough to buy a lot more gold at the moment I'm just sitting and watching have not bought in some time and I certainly have not so. Beyond no worries about the money printing side of things let's look at global growth it it's quite pat Sheehan has a lot of nerves. About China slowing down Europe perhaps heading back into recession how do you play out those worries in markets. I do have a few shorts not many but mainly I've sitting and watching. The US is. Going potentially to have problems. Europe has its own problems with huge debt and they started sanctions against Russia which. Not gonna hurt Russia has certainly not going to help Europe or America. Eight China has been slowing down. Rightfully slows so they need to do something about the property bubble they need to do something about inflation. So the potential problems and lots of places but the overall problem tar is all this gigantic money printing which has been in. You that the banks are gonna come to this senses or up the market events she's just gonna say I don't want to play anymore. And we're all gonna take our money and go home and then we're going to have a real bad bear market.

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Why Jim Rogers owns dollars printed by "crazy" fed bankers

5:38am BST - 03:53

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