Jim Rogers : Right now we have a very artificial situation. You have the central bank in America printing staggering amounts of money,”“There’s this gigantic artificial flow of money floating into our economy, and this is going to end badly because it is artificial.”“Mr. Bernanke has said it is going to go on to 2015,” These folks “are not happy about this staggering amount of money-printing because they know it’s going to have bad consequences,” “It seems that Mr. Bernanke may be leaving in a few months. I guess he wants to get out before he has to deal with the hangover or the aftermath.” Bernanke’s term ends 31 January 2014, and the consensus is that he does not want to serve another. “I don’t see how it can last much more beyond this year,” Mr. Rogers says. He sees 2 possible scenarios. In one, “the market’s just going to say, stop, we will not take this anymore, and bonds will go down despite the central bank.” “the public is going to say, wait a minute, we do not want this paper (fiat) money anymore. It is too absurd, and prices will go higher, and we will have more and more unrest in the world.”
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%.