Do you think that the sovereign debt crisis in Europe has proved you right because you have been saying that none of this should be done and banks should simply have been allowed to fail?
"I sometimes get it right and even I get it right sometimes. Banks should have been allowed to fail and its country should be allowed to fail. If I were a German citizen, I would be outraged that I might have to start paying for Greek politicians who went and spend huge amounts of money. There are more countries set to payout not just in Europe but around the world. "
Do you think that the UK is going to lose its AAA credit rating this year?
"Of course. How can they maintain the credit rating other than fixing the books, or something. The UK has staggering amounts of debt that it has taken on in the past few years. "
via Indiatimes
Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets
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