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.Given that Jim Rogers's putting his solvency at stake here, it might be meaning that he is extremely confident about his bet, and that the size of it is probably quite big.
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."
Full Disclosure: I am long the USD against the EUR