Defining signs by the US Federal Reserve (FED) to keep on printing money as "a big mistake", Rogers said the global economy was still under risk. "Money printing is the best known way by the central banks which do not know how to overcome the crisis but at the end no country is immune and we will all pay the price. It will cause higher inflation and interest rates. It will alienate people from money, finding it valueless. If money printing continues, markets might face a serious collapse soon," he said. - in Worldbulletin
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%.
