Jim Rogers : United States has not been a triple A rating for long time , the only people who do not know that apparently are S&P and Moody's and US government , The United States is the largest debtor nation in the history of the world who cars what the rating agencies say , we all know that it is no longer valid we do not pay any attention to them they have been wrong about everything for ten years it is not causing any news to me I can care less I see you have something to report I know it is the weekend and things are slow , who cares I wouldn't pay any attention to it , there must be a better things to report than this , everybody knows that the US is the largest debtor nation in the history of the world this is not news this is old news 3 years ago S&P and Monody's said that the subprime loans were triple A they had hundreds of subprime loans that were triple A , they said that AIG was triple A until the day it went bankrupt , they said Fannie Mae and Freddie Mac were triple A until the day they went bankrupt , please these people have never been right why do you pay attention to them ?! I do not know any real investors who pay any attention to these people anymore , what effect will it have on the Asian economy , None , none whatsoever , all the Asians already know that America got problems , all Asians already moving out of US government bonds , everybody in Asia knows that we never got out of the first global recession , unemployment in America is still higher than it was in 2008 , American debt has skyrocketed and gone through the roof , America is in worse shape now than it was before , America spent a lot of money and the people who got that money are better off , but the overall situation is much worse anybody who is paying attention to S&P's and Moody's is wasting their time , double A plus is not the end of the world even a single A is not the end of the world many people invest in single A bonds and triple B bonds eventually the US will default there is no question , we will either pay people back in worthless money we will inflate it away we will change the rules we will put on exchange controls , eventually the US will default that's why people are moving away from US government bonds ,
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&amp;P 500 returned just 47%.
Who is Jim Rogers ?
James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator