JIM ROGERS

JIM ROGERS

Thursday, April 12, 2012

Jim Rogers : We need to Replace the US Dollar

Jim Rogers : The world needs something to compete with the US Dollar , America is the largest debtor nation in the history of the world so we need something to compete with and probably replace the US Dollar , there is nothing else , may be China someday a long time from now , the only thing that's on the horizon is the Euro , the Euro would be great it's a big economy lot's of population as a whole it's not a huge debtor like the US so the Euro would be great to replace the US Dollar and compete with the US Dollar unfortunately I don't think it's going to work , I don't think there will be a Euro in ten years certainly not a euro like we know now , may be you would have a few sound countries with a single sound currency , but it's became a political currency instead of an economic currency , everybody uses phony bookkeeping the Greeks are the perfect example spending money that they did not have so as long as you let that happen the currency corrodes from within it rots from within ..... - in Hot News Romania interview
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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%.





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 "