International investor Jim Rogers says the American government is stopping him from investing in North Korea.
“[Kim Jong Un] is making very dramatic changes,” he said of the youthful North Korean leader during a recent appearance on Fox Business Network.
“The kid has been trying to make a deal with America for three years. Obama cut it back -- the bureaucrats in Washington cut it back when he was trying to -- he wanted to sign peace treaty,” said Rogers, who co-founded the Quantum Fund with George Soros in 1973.
The creator of the Rogers International Commodities Index (RICI) said he’s been to North Korea twice, seeking investments but the U.S. government is holding him back, Fox Business Network explained.
“[Kim Jong Un] will let me in but the Americans won’t let me in,” the chairman of Rogers Holding Inc. said.
“The government gave me all kinds of promises … but I’m a citizen of the land of the free -- I cannot invest,” said the best-selling author of various financial books.
When asked if he would invest in North Korea once it’s legal, Rogers told Stuart Varney: “They don’t have anything -- tablecloths, soap, electricity -- anything you know about they need.”
For his part, President Donald Trump on Wednesday cast further doubt on whether a planned summit with North Korean leader Kim Jong Un would take place next month in Singapore, telling reporters it would be made certain next week, Reuters explained.
His statement followed Trump’s suggestion on Tuesday that the meeting could be delayed or scrapped entirely.
North Korea also threw the summit in doubt earlier this month when it pushed back against what it called “unilateral nuclear abandonment.”
(Newsmax wire services contributed to this report).
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