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, October 5, 2011

Ultra Bullish on Agriculture

Jim Rogers : Agriculture is facing some very serious problems whether the world economy slows or not because we have shortages of everything. The inventories are very low. We even have shortages of farmers developing in many countries. The average age of farmers in America is 58, likewise Australia. In Japan, it is 66. You have hundreds of thousands of Indian farmers committing suicide. It has been such a terrible business. Higher suicide rate of any profession in the UK is in agriculture. So farming has got serious problems facing it. We are going to see much much higher prices over the next decade. So I would buy agriculture soon. The others, I am more watching the world economy and the world markets before I step in. - in ET Now



Government by committee will never work

Jim Rogers : I do not know why he (former budget director Peter Orszag) thinks that government by committee is going to be any better than government by Congress , no committees never work actually , if you are going to take it to the extreme what's you nee is a man on a white horse who will come and say OK enough of this mess , start over , I am not advocating that , I am not advocating that at all , .we have appointed a committee Lauren we have appointed a committee of 6 politicians now when I say that I laugh because 6 politicians are not going to be any better than 535 politicians - in RT America

US is in worse shape than Europe

Jim Rogers : I wish I was that smart (to know which country will go down first ) you should wach RT TV and you wil figure out which country will go down first , I am not smart enough I know that there are lots of them , I sold short stocks in the US and in Europe and in Emerging Markets so which ever one goes first I hope I will save myself ,
It is more likely to be in Europe just because they are right there with a lot of attention on them right now , but as I said before the US is in worse shape , Us as a whole is the largest debtor nation in history , and we have a lot of independent states Illinois California New York to name a few which are in a very dire straits just like Greece and Portugal and Ireland , so all of us in the west have serious problems ....- in RT America

US Dollar is not a safe heaven , I own it just because I think everybody will go there

Jim Rogers : I own the US Dollar I told your network before that I own the US Dollar , one reason it has not is is first of all there are so many people who sold the dollar then all of a sudden there are a lot of people who find themselves too short the dollar and they had to back in , secondly there is chaos in the rest of the world too and many people wrongly in my view wrongly plead to the US Dollar as a safe heaven , I own it , I do not own it as a safe heaven I own it because I just assume everybody else is going to run there it could go much higher for a while
I own it because I know that the standard reaction is in times of confusion to run to the US Dollar , it is the wrong thing to do in my view but I know they are all going to do it so I have done it , as I told you before because everybody was so pessimistic on the dollar and I have found in my carrier that when everybody is on one side of the boat Laura you should go to the other side for a while so I bought US Dollar because of the pessimism ....- in RT America

China could stop buying American Government Bonds

Jim Rogers : the Chinese have various weapons at their disposal , they could stop buying American government bonds , they could sell American government bonds if they did that interest rates in America will go through the roof , the value of the US Dollar will go down a lot , perhaps a lot or at least a little this would not be good for anybody including for China ....but what happens Laura is whenever people get slapped in the face they always think they have to slap back ...- in RT America

Trade Wars could be very dangerous

Jim Rogers : this could be terribly terribly dangerous if it turns to be a trade war , we had a trade war in the 1930s it led to the great depression we already have small size of trading wars breaking out , Brazil France other places now America , this could be very dangerous in the end ...

no of course it's serious , Lauren if it turns into a trade war , it is the most momentous thing of 2011 trade wars always lead to wars , nobody wins trade wars except the generals when they are fighting their physical wars when this happen no no this is very dangerous you are right to cover it , problem is the congress making themselves looking good when in fact they have a problem .- in RT America

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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