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%.

Thursday, February 18, 2010

Jim Rogers on China-US Economic War - 18 February 2010

Jim Rogers The United States is the largest debtor nation in the history of the world , Debtors do not have many options

Russia Today Interviews Jim Rogers this 18 February 2010 :
The Dalai Lama is in Washington DC ahead of a meeting with U.S. president Barack Obama. China has already warned the talks will affect relations with America. Recently tension's escalated between the two countries following trade rows and a fallout over proposed U.S. arms sales to Taiwan. For more insight on the issue, RT talks to author and financial commentator Jim Rogers.

Jim Rogers I am surprised China has not dropped more US Treasuries

Jim Rogers
"I am surprised China has not dropped more," Jim Rogers told CNBC.com.

Asked if the US should be worried about this trend, Rogers, who does not hold US Treasurys, said: "Of course. The US should be worried about everyone lightening up – not just China."

Source CNBC


China is selling off US Treasuries as a retalition to TaiWan Arm Deal :


China has sold more than 34 billion dollars of US debt holdings. Chinas military has called for the government to punish the US because of a potential meeting with the Dalai Lama. China's holding of US Treasury bonds has tumbled, according to US Treasury data released Tuesday, after Beijing expressed concern over the swelling US deficit and amid new US-China tensions. Bill Gertz says that it is also apparent that China will not support the sanctions that the United States is putting on Iran.


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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