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%.

Monday, February 21, 2011

Jim Rogers, on printing money debasing the U.S. dollar, and the coming Crash



Jim Rogers : ......The United States is now the largest debtor nation , not in the world , in the history of the world...no country has ever run up so much debt as we have in the US , this is not just a problem for our children and grand children judge , this is a problem for you for me and our parents , you know this is a problem that is hitting all of us in the face right now , those guys in Washington just worry about the next election , they worry to make sure they'll stick around , they do not care about you , they do not care about me , they care about getting their next pay check and not whether the country survives ....China too has a central bank , few countries nowadays do not have one , they have the largest foreign currency reserve in the world , they have an inflation too , one of the reasons is that so much money have come into the country in recent years ....
Silver will do a lot better than Gold because the IMF is trying to sell its gold ...silver and agriculture products will do better , but I am a gold buyer in any case " "...The largest creditors in the world are China, Korea, Japan, Taiwan, Hong Kong, Singapore – this is where the assets are and the debts are in the West. Those imbalances have to be resolved. They frequently lead to more currency turmoil. We’ll see more inflation, we’ll see more governments fall. We just saw Tunisia fall – more are coming because the world is going to continue to have these problems, and especially inflation that is going to cause more social unrest.”
"Inflation will continue to get worse , The government is printing a huge amount of money..."
"I am worried about the currency I am worried about the dollar I am worried about the world ...I put my money in commodities ..Gold zinc silver cotton ...etc..."
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 "
Related Posts Plugin for WordPress, Blogger...