11/04/11 | JIM ROGERS BLOG

Friday, November 4, 2011

Greece should stay in the EU & in the Euro

Jim Rogers : should they (Greece ) stay in the EU ? of course they should , they should stay in the Euro as well , but what they should do is declare bankruptcy let everybody take their losses there will be huge losses , ....you make sure everybody's check is clear , but just pushing this out into the future , all of these plans John show everybody deeper in debt next year the year after deeper and deeper in debt in two years , deeper deeper deeper in debt in three years this is not going to solve our problems - in Reuters TV interview
Click Here to watch the Interview >>>>

The Greek bailout merely pushes the debt crisis into the future

Jim Rogers : all of this is just pushing the problems into the future everybody is trying to get pass the next election and it is not going to end well at all it is going to end very very badly for all of us , there are huge staggering numbers involved with not just Greece all over Europe and these guys just do not seem to get it - in Reuters TV interview
Click Here to watch the Interview >>>>

Jim Rogers Video Interview Reuters TV 04 Nov 2011

Legendary investor Jim Rogers interviewed by Reuters said that the Greece bailout may be the prelude to he EU implosion and collapse that it simply kicks the can down the road the real problems are not being solved , the Euro zone could implode in no longer than five years from now ....

Subscribe to: Posts (Atom)

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

Mr. Jim Rogers is Independent Director at Xylem, Inc., a Member-American Section at Société de Chimie Industrielle, a Member-Executive Committee at Sequoyah Corp., a Member at The Business Roundtable, and a Member-Executive Committee Sequoyah Council at Boy Scouts of America.

He is on the Board of Directors at Xylem, Inc. and LORD Corp.

Mr. Rogers was previously employed as a Member by American Chemistry Council, Inc., President by United Way of Greater Kingsport, Executive Chairman by Eastman Chemical Co., Chairman & Chief Executive Officer by Eastman Ventures, Chief Financial Officer & Executive Vice President by Building Materials Corp. of America, Chief Financial Officer & Executive Vice President by GAF Corp., Executive Vice President-Finance by International Specialty Products, Inc., Treasurer by Amphenol Corp., Vice President-Finance by Morgan Guaranty Trust Company of New York, and Naval Aviator by United States Navy.

He also served on the board at Genencor International, Inc.

He received his undergraduate degree from the University of Virginia and an MBA from The Wharton School of the University of Pennsylvania.