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%.

Wednesday, April 26, 2017

Jim Rogers : World Economy is in Terrible Shape expect Worldwide Turmoil






 Jim Rogers remarked that "there's going to be a huge shift in American society, American culture, in the places where one is going to get rich. The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis. I'm telling you. You should start Forbes Farming." The best business opportunities over the next few decades will be in agriculture, author and Wall Street investor Jim Rogers told the conference . The American financer, who has circled the globe on his motorbike and spoke wearing a bowtie and dollar-bill braces, said the dominance of financial services in the economy was coming to an end, just as agriculture emerges from a thirty-year period of falling prices and farmer numbers. He said global food inventories were at historic lows but this food security challenges made farming a profitable industry with huge potential. Agriculture is now going to be a terribly exciting place to work,” Mr Rogers said. “The City of London will be in decline. Wall Street will be in decline for a long time.” “I tell brokers they will soon be driving taxis. And, if they were smart they will be driving tractors, because the farmers will be driving Lamborghinis in the future.” The US and UK used to be rich countries. Look at the airports in Asia versus the airport at JFK. The United States is a third world country now. The infrastructure is over in Asia. The United States goes deeper into debt every week and every month. People can say that the debt doesn't matter and we're the greatest nation in the world. You can say that all you want. The people in the UK said the same things in the 50s and 60s, and then in the 70s they went completely bankrupt. The United States dollar is currently the world currency, but that isn't going to last for very long. They will try to keep printing money for that reason, but it isn't going to work. Printing money has never worked in the history of the world. They say that they'll print just for a little bit and then they'll take it back. It's absurd. Politicians say the same things every time. Always. Read some history books and look at what politicians have said. They've been saying this stuff for hundreds of years. You're already starting to see civil unrest. Even in countries that we consider rich and prosperous. It is going to increase and continue. You had better be prepared, or you are going to be one of the ones who suffer badly. A lot of people in Asia are going to be extremely successful. Farming has been a tough business for the past 30 years, but going forward people are going to make tremendous fortunes in the farming industry. Farmers are going to be driving Lamborghinis in the future. It was just the paper pushers who have been making money recently. Now it is shifting to the people who make real goods.














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%.

Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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