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%.

Monday, May 26, 2014

Jim Rogers : Putin seems to have outsmarted Obama



SS: Jim Rogers, renowned investor, businessman, author, welcome to the program, great to have you with us. We’re going to start with sanctions, the West is busy with them, coming up is a new round for Russia – but Russia, meanwhile, has made a historic 30 year gas deal with China. How painful do you think the consequences could be for Europe and US?
 
Jim Rogers  : Well, I will have to say that Washington seems to be making one mistake after another and I don’t like saying it, since I’m an American citizen, but, you know, America is driving China and Russia together – America is driving Russia more and more to Asia… That cannot be good for America but they still keep making mistakes in Washington.




SS: So you’re saying the US and Europe unwillingly pushed Russia and China together?
 
Jim Rogers : Unfortunately America seems to have really bungled this whole thing very badly. As you know, they’ve tried to instigate a coup in Ukraine against an elected government, and they did that somewhat successfully, but then they didn’t think through the consequences. Mr. Putin seems to have outsmarted us, Putin now is in control of Crimea, which Russians have controlled for many decades, so that’s not so unusual – what’s unusual is that America didn’t think through what they were doing, they seem to just react on a day-to-day basis, so now… Crimea is part of Russia, the Russians have more and more allies in Asia. I’m afraid America just didn’t think it through, they’ve bungled, they’ve acted on a day-to-day basis, and they’ve reacted to events instead of looking to the future and controlling events. Mr. Putin seems to have outsmarted Mr. Obama.- in RT.com



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%.
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 "
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