JIM ROGERS

JIM ROGERS

Saturday, December 3, 2011

The FED already started QE3

Jim Rogers : ..the FED is already backing the market , back in the first week of August when Mr Bernanke announced that he is going to keep interest rates low for two years , if you get out to numbers you will see that unadjusted M2 shot up at the same time , he is in the Market Jeff he is lying to us again , they're there you cannot just say 'I am going to keep interest rates low for two years ' you have to do something , you think it is that easier if you said that , I can say Jeff you are going to be rich next week or in two years it doesn't work that way he is in the market , when you prop up the money supply the only way you can do that is to buy something he is in there buying something and he is lying about it...- in CNBC





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

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 "