Jim Rogers: Serious problems in emerging markets ‘going to get worse’

Corruption costs the EU roughly $120 billion a year, around 1 percent of economic output. Where is the corruption and where is it squeaky clean? Erin Ade reports. Famed investor and author Jim Rogers is a bull on China and Asia. But right now the emerging markets are a big concern. Jim also gives his view on the US, European, Japanese and Chinese economies – and the Gold Standard. In the Big Deal, Erin and Edward Harrison discuss money. What exactly does the pyramid on the back of a dollar bill symbolize? And where does a pound or a dollar really derive its value?

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