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, July 6, 2009

Jim Rogers Plans to Short Treasuries and Sell Dollars,


Jim Rogers was today on a telephone interview with Bloomberg , he predicted that the US dollar and US treasury bills will fall due to the enormous American debt which undermines the economy's fundamentals
“The government is printing lots of money and borrowing even more; that’s not the basis for a sound currency,” “The idea that anybody would lend money to the U.S. government for 30 years at 3 or 4 or 5 or 6 percent interest is mind-boggling to me.” Jim Rogers told Bloomberg on the phone from Singapore this morning
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Labels:Jim Rogers

1 comment:

  1. keith FauciJuly 6, 2009 at 9:17 PM

    The Mind boggling thing I see are the successful treasury auctions and a strengthening dollar. Talking heads on cnbc are talking about dollar strength all summer. Mind boggling!

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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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