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%.
Sunday, November 6, 2011
5 years from now, We may have a complete collapse of the Euro, the EU and the Western world
Jim Rogers : Well they don't have to leave. In America, we've had states go bankrupt, cities, counties. This has happened before. It didn't end America, didn't end the US Dollar. You let entities collapse, go bankrupt. This happens all the time. This happened throughout history. That's all you have to do, let them go bankrupt, let the people who made the bad loans take their losses and start over from a sounder base. But just pushing into the future and letting debt go higher and higher will mean it's going to end very, very badly and then you know, five years from now, you may have a complete collapse of the Euro, the EU and for that matter, all the Western world. - in Reuters Interview
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 "