JIm Rogers the international commodities guru living in Singapore has made it clear that he feels the ultimate direction of the U.S. Dollar is DOWN.

This really doesn’t come as a surprise to any thinking person what with the Treasury and the Fed intervening everywhere they can:

There is no such thing as markets, only interventions

is becoming truer everyday. You don’t dare short a doomed, poorly run, highly leveraged, gambling company for fear that come Sunday the government will inject BILLIONS into that sinking ship and buoy the stock price and wipe away your profits.

Facing questions from Ron Paul a few days ago, Helo Ben Bernanke sidestepped Congressman Paul’s questions about gold and stated simply that the dollar has been doing pretty well lately.

Well, a person who jumps out of an airplane at 20,000 feet without a parachute does just fine for 19,999.99 feet. After that it gets a bit messy though.

Once the unwinding and deleveraging are done, how can the dollar stand?

It wasn’t that long ago that a TRILLION dollars was almost considered an infinite number. Now we stand to run a deficit that high next year alone.

And how about all of those talking heads blasting the “whackos” who predicted that this bailout could ultimately reach $2 Trillion? After all, our guv’ment bureaucraps were predicting only about $500 Billion. How could they be wrong?

Guess what? It has now come to the $2 Trillion dollar mark and I don’t see anyone arguing against that number.

Do they think money is free? For the time being maybe.

Jim Rogers can stay solvent in the face of irrationality longer than you or I; but he KNOWS that all of this funny money will eventually come home to roost by way of a MUCH lower U.S. Dollar.

After all, how can America ever hope to repay this debt without seriously devaluing first?

Jim Rogers is still in commodities, agriculture (people need to eat), and other short dollar investments. He has stated flat out that the U.S. Dollar stands to lose its reserve status currency. Maybe not tomorrow, but sooner than Washington will allow you to believe.

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