http://finance.yahoo.com/tech-ticker/bre....

Video with his comments

Here's another sneak peek ahead of the launch of Yahoo! Finance's new daily trading and investing show, "Breakout," which launches next week.

Internationally renowned investor Jim Rogers told "Breakout" hosts Matt Nesto and Jeff Macke that he's considering buying the U.S. dollar now, but with a catch.

"We're at a moment of truth for the dollar," he says.

Rogers, who is currently long the yen, notes that the dollar has been declining despite events that would normally trigger a global flight to safety.

He says that if the dollar holds here it could rally as much as 20%, but "if it goes down 3% or 4% from here, I would have to sell and get out and hope I'm still solvent."

Rogers sees a decline in the dollar to historic "multi-multi decade new lows" as a long-term inevitability, but says the time frame for a collapse in the greenback may be sooner than previously thought.

"Somewhere along the line we're going to have a tipping point for the dollar, then it's all over," he offered. "I thought it would happen in a few years; maybe it's going to happen in a few weeks."

I can't figure out the best place to ask this, but...is it time to panic?

http://video.cnbc.com/gallery/?video=190....

not seen that Guy b4, sounds pretty clued up for once, some real dumb questions from the hosts as usual

Jim Rodgers is a pretty straight shooter. Although I didn't watch, I bet his interview is a lot like his past interviews.

Medicdan, this is a new video clip, posted on CNBC today. The guy comes right out and says "The biggest news in the markets today is the currency collapse currently underway..."

Anyway, I wondered if Gen had seen it or tickered on it but couldn't find anything.

Sorry I was referring to Keith McCullough, CEO of Hedgeye Risk Management, not Jim Rogers

Jubber, yeah, I get you. But I'm afraid my post didn't make it clear that I had a new, semi-alarming video linked there, so Medicdan, and possibly others, won't bother clicking the link.

Do you know if Karl has said anything about this announcement on MSM in any of his threads? There's nothing on market ticker.

Basically, I'm inclined to panic unless and until tickerforum says not to. People on here are friggin' brilliant.

Head5hills wrote..

Basically, I'm inclined to panic unless and until tickerforum says not to.

Quote:

Head4hills
Posts: 119
Incept: 2009-06-24
Silver
Beside Myself

I think you've already made that clear!

But seriously, he who panics first, panics best...just sayin'.

I love how McCullough calls Ben 'The Bernank'! LOL

Truthseeker, sorry I didn't catch your post earlier - I was stocking my bunker just then.

Head4hills wrote..

I was stocking my bunker just then.

I can think of no worthier use of your time just now!

I would not panic. The question is do we grind down slowly or just wake up one day to a complete disaster? I really don't know but I lean towards being slow boiled. Prepare, stay vigilant and protect your family. I can live with very little and quite capable of surviving in pretty rough conditions. I doubt it ever comes to that but if it does I think I will shrug my shoulders and send Gen a nice note thanking him for the heads up and bid good luck.

Absolutely, Medicdan, whatever the outcome, a little advance knowledge can make the difference between reacting and responding - and if you're fortunate, preparing for it. I thought I had made my family impervious to all this, having learned from Bush Sr.'s recession. We planned, saved, stayed lean. Thought we'd have to float 18 mos - 2 yrs max. From August 2008, we're at, what, almost capping year three and still hanging in there. Getting sticky, though.

For the US$ to go literally into uncharted territory reminds me of those old maps of the Earth where at the border were dragon monsters and such.

It would be shocking to see the dollar break down bad, I would be surprised to see that on the first or second attempt of testing those lows.


N/NIA

Surely all the Central Bankers worldwide have been briefed to what level they all step in to support it and sell their own currencies. They are not going to intentionally commit Hari Kari.