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, August 5, 2010

Jim Rogers : The Federal Reserve is a Pawn Shop

Jim Rogers : we have a president who is running the federal reserve who does not know what he is doing , we have a very serious problem on our hands and it's gotten much much worse , the man is taking 400 billion dollars four hundreds billion dollars own to the federal reserve balance sheets ...of debt ..I mean he is turning the federal reserve into a pawn shop ...you have something bad that you cannot sell , take it to the federal reserve he'll lend you treasury bonds against it ...some day somebody is gonna pay for this and you know who this somebody is , my little girl you me...I mean it's gonna be American tax payer that's gonna have to pay for this , and it's gonna cause many many many more problems for the American economy for all of us ...
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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