Greek Default good for the Euro

Sept 21 2011 Reuters - Jim Rogers : I hope the Greek default it will be good for Europe it will be good for Greece it will be good for the world it will be good for the Euro , if they finally accepted reality and made Greece default made the people who made the bad loans take their losses and made that happen to a couple of other countries everything will go down for a bit but that will be such a magnificent buying signal I would buy all the Euros I could at that point because everybody would know that we are going to have a sound currency , we are going to have a strong Euro , it is not going to happen but if it happened that way WOW ! then we will have a serious competitor to the US Dollar ....

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.