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%.

Monday, February 7, 2011

China not a currency manipulator

The US Treasury opted not to call China a currency manipulator, a turn from past allegations. The Obama administration did however say the Chinese Yuan was undervalued. Economist Max Fraad Wolff from The New School in New York explained it was in the US best interest not to label China as a manipulator, because it would have hurt small businesses and lead to a great deal of political and economic penalties, as well as difficult negotiations.



People still don't understand that every nation has the right to value or in the USA's case, devalue their currency. The value of a nation's currency is a matter of sovereignty. Of course, the USA doesn't respect other nations' sovereignty. The USA doesn't even respect its own sovereignty. Art 1 Sec 8 Congress can coin money and regulate the value both of domestic and foreign coin meaning exchange rates. Of course, the "free market types" won't tell you that. They want an end to gov't.

China Property Market Will Cool Down

Feb. 6 2011 | Aaron Boesky, CEO at Marco Polo Pure Asset Management, is confident that China will pull back speculative capital out of its real estate sector. He shares his assessment of the space, with CNBC's Bernard Lo and Karen Tso.

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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