JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
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%.
China has called for the replacement of the dollar as the main global reserve currency, in a display of its growing assertiveness ahead of the G20 summit in London.In fact there have been enough pointers about China's concerns over the safety of its $2-trillion foreign exchange reserves, 60 percent of which is thought to be held in dollar-denominated assets.Over the past months, there have been increasing concerns that the rising rate of inflation and a depreciation of the US dollar would hurt the value of US Treasury bonds. The US Federal Reserve's decision to buy Treasuries and corporate debt, called 'quantitative easing', was nothing but printing more money. But, as the money supply soars, the rate of inflation spirals as well.
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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