JIM ROGERS

JIM ROGERS

Monday, May 20, 2013

Jim Rogers : FED Artificial Inflation Will End Badly

Jim Rogers : "There's this gigantic artificial flow of money floating into our economy, and this is going to end badly because it is artificial."

Jim Rogers : ..."Right now, we have a very artificial situation. You have the central bank in America printing staggering amounts of money," "It seems that Mr. Bernanke may be leaving in a few months," Rogers says. "I guess he wants to get out before he has to deal with the hangover or the aftermath.""I don't know how long it will last," Rogers says. "I don't see how it can last much more beyond this year." He sees two possible scenarios. In one, "the market's just going to say, stop, we won't take this anymore, and bonds will go down despite the central ba"the public is going to say, wait a minute, we don't want this paper money anymore. It's too absurd, and prices will go higher, and you'll have more and more unrest in the world.""I hope the euro survives," Rogers says. "We need something to compete with the dollar, which is a terribly flawed currency now. I don’t see how the euro can survive as we know it, though."

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 "