Jim Rogers : Jon, how can they not? How can they not? Are you going to put- I'll ask you again, are you going to put up the money because I'm not. Eventually, letting these debts go higher and higher and higher means the pain will be worse in three years, Jon, or five years or whenever the market says, that's it, no more. Now at least if you do it, the government still have some credibility and some finances such as the Germans. You put everybody in the room, you say, okay, you're going to go bankrupt. Your banks, Europe's financial institutions has got to survive. Everybody's checks will continue to clear.The system is going to stay up, stay stable and stay upright. ...in five years, there would not be anybody to pull into room and say, okay, we're going to hold you together. Nobody will have any credibility anymore. - in Reuters Interview
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%.
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 "