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%.

Tuesday, October 27, 2015

Jim Rogers: Politicians & Bureaucrats have used War to distract people from other Problems



James West:    Sure. So on that sort of line of thinking then, would you concur with the idea that perhaps American bureaucracy is embracing the welcome distraction of a proxy conflict in Syria to distract the US from the fact that they’ve sort of exhausted the abilities of their policy tools to ameliorate the economy, and so war is good for commodities and war is good for public image in terms of politics. So do you think that’s a realistic viewpoint?

Jim Rogers:    Well, it is true that throughout history, war has been declared by politicians or bureaucrats have used war to distract people from other problems. I’m not sure that it’s a conscious act, they sit down and say ‘Ah, we’ve got a problem, so let’s start a war’, or whether it just happens naturally, but in either case, there is no question at all that this is distracting a lot of us from the fact that the economy is not doing well. The economy worldwide is not doing well, and this is certainly distracts people, making them think about other things, and it might even revive – it would revive, some parts of the world economy. Not a good way to revive world economies; in the end, you destroy more capital, as well as lives, than you develop, but it has happened this way many times in history. - in midasletter





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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