“America has had 3 central banks in its history. The first two disappeared,” Mr.Rogers said.
“This one will too, because they keep . . . leveraging up the balance sheet. They keep making mistake after mistake. They keep printing money.”
“This is going to self-destruct, unless the politicians say this thing is a mistake, let’s get rid of it,” Mr. Rogers said. “It’s more likely, though, that it will self-destruct.”
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%.