JIM ROGERS

JIM ROGERS

Tuesday, December 18, 2012

Jim Rogers : The Ultimate End Game for the US is to Be Bailed Out by the IMF



David:
Is there going to be an end game? Or does it just carry on forever?
Jim Rogers :
No, I suspect it'll be the same end game. Well, let's look at the UK. In 1918, right at the end of the First World War, the UK was the richest, most powerful country in the world. There was no second, in those days. Within three generations, the UK was bankrupt. They couldn't sell government bonds. The IMF had to bail them out. So I suspect that this will be the ultimate end for the US. The French went through it, the Italians went through it, the Spanish went through it – a lot of people have been in this situation before. They refused to accept reality, they go into a steady decline, and eventually the whole thing falls apart, and they have to start over again. I don't particularly like saying this, given that I am an American citizen and an American tax payer, but I have to face facts, or I'll be bankrupt too. - in the motley fool

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 "