Jim Rogers: The solution to too much debt is not more debt, not more spending. The solution is to cut spending dramatically. All these countries should lose their credit ratings. It’s astonishing to me where these credit rating agencies have been? I mean we know that they’ve been basically wrong for 15 or 20 years about just about everything they’ve done. Lelde, please don’t pay – well you’ve got to because you’re a journalist, but I don’t pay any attention to those guys. I know they don’t know what they’re doing, why bother? - in Finance News Network Interview
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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 "