Jim Rogers : I would not buy Facebook at 50 billion dollars

Jim Rogers : I would not buy Facebook at 50 billion dollars



Jim Rogers : it's getting worse ( the current state of the economy) it looks like it is getting better many governments are spending a lot of money and printing a lot of money and the people who receive that money are better off obviously but the overall situation is getting worse the world is going deeper into debt and we are building up more problems the next time that there is an economic slow down things are going to be much worse than they were last time , to me it's inconceivable that you can solve a problem of too much debt and too much consumption with more debt and more consumption and yet that's what the politicians are trying to do , "
"we should have let the Americans that are bankrupt to go bankrupt propping up failed assets has never worked for any long period of time , what America should have done let the people go bankrupt let other competent people come in take over the assets reorganize and start over , what America is doing is they are going to the competent people taking their money giving it to the incompetent people and saying to the incompetent people now you compete with the competent people with their money !!! I mean it's horrible morality , not that politicians care about morality but it's terrible economics it just does not work ...throwing money down the rat hole does not work , throwing good money after bad does not work "...

Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%.