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%.

Wednesday, December 21, 2011

Jim Rogers: 100% chance of crisis

In a Recent Interview legendary investor Jim Rogers declared that there is a 100% chance a crisis is coming “100% chance of crisis” he said and that “the world is in trouble.”
“The world has been spending staggering amounts of money that it doesn’t have for a few decades now, and it’s all coming home to roost.” He explained “Last time, America quadrupled its debt,” “The system is much more extended now, and America cannot quadruple its debt again. Greece cannot double its debt again. The next time around is going to be much worse.”
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 "
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