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%.

Wednesday, May 13, 2009

We’re going to have a currency crisis probably this fall or the fall of 2010 said Jim Rogers

The dollar’s rally is set to end in a “currency crisis,” legendary investor Jim Rogers told Bloomberg yesteray, adding that he may bet on a slide in equities after nine weeks of gains. He said “We’re going to have a currency crisis, probably this fall or the fall of 2010,It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.” The dollar has climbed against all of the so-called Group of 10 currencies except the yen over the past year , The U.S. currency was at $1.3592 per euro today from $1.3582. Rogers said, that He’s avoiding The Dollar and equities for the next two to three years because prospects haven’t changed,“The market in the U.S. went up very powerfully for nine weeks in a row so of course it’s time for a correction,” Rogers said . Rogers owns some Chinese and Japanese stocks, and also continues to hold some shares of airlines, he said without naming any companies. Stocks in commodities economies such as Canada and Brazil may also perform better than U.S. shares, Rogers added.
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  1. What is the reason for the timing of the crisis to be either this fall or fall 2010? What happens in the fall that would make that the timing? Is it because of the change of the U.S. fiscal year?

  2. All the quantitive easing (money printing) has an inflationary effect on the money supply. In the case of what the Fed has done in the last year, hyperinflation is baked in...and inflation trails behind about 12-18 months. It will hit the unprepared like a freight train. You don't want to know how large M3 has become...prepare yourself and convert your wealth to tangible assets. They never talk about it in the news, why would they, but the derivatives insanity had reached 500 trillion and counting! World GDP or GWP is about 65 trillion a year. The couple of trillion dollars the fed had printed doesnt mean shit, they are taking the system down with it.


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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