Legendary investor Jim Rogers from Singapore speaks to the BBC about the dire future for the British economy and the British sterling , "it is pretty simple Jamie the North Sea Oil is drying up according to your government , you've been a net exporter now you are about to be a net importer again , that's a huge shift , and the financial system which has also been a huge contributor to the UK's balance of trade is also now finished , I mean you are not going to make much money there again , your banks according to your own government are all in serious trouble so the major sources of income for the UK are now disappearing , and that's gonna lead to serious problems with your currencies it always has "
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, March 21, 2011
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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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