Saturday, November 30, 2013
Jim Rogers, Nick Gillespie, Steve Forbes, Wayne Allyn Root, Jenny Beth Martin ~ Free Lunch or Shit Sandwich?
The final panel at Freedom Fest 2013 was titled "Are We Rome?" and featured Reason's Nick Gillespie, publisher Steve Forbes, Tea Party Express head Jenny Beth Martin, writer Wayne Allyn Root, and investment guru Jim Rogers.
At one point, Rogers noted that about half of Americans lived in households who were getting direct payments from the federal government, a situation he felt made real political change next to impossible.
"Fifty percent of the country is getting a free lunch, said Gillespie, "but nobody wants a shit sandwich anymore. And that's what you're getting in terms of education, health care and retirement."
Moderated by conference organizer Mark Skousen, the panel discussed a wide variety of topics including government spending, regulation, foreign policy, the drug war, and more.
Held each July in Las Vegas, Freedom Fest is attended by more than 2,000 limited-government enthusiasts and libertarians. Each year, Reason TV talks with dozens of activists, speakers, and authors such as David Boaz of the Cato Institute, economist Peter Boettke, publisher Jeffrey Tucker, journalist Gene Epstein, legal scholar Randy Barnett, and tax advocate Grover Norquist. For a playlist of 2013 videos, go here.
About 45 minutes. Video courtesy of Mark and Jo Ann Skousen.
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