Jim Rogers on 21st Century China

Jim Rogers : ...if they (China ) become the savior then they will have a major seat at the table it is going to improve their position at the IMF it is going to improve their position with the World Bank it is going to improve their position at the UN , the Europeans are going to have to be more and more friendly to China because China is saving them , America cannot save them Russia cannot save them so ...Europe is going to be more China friendly than it has been in the past , they are going to the European and they say OK let's be friendly we are giving you all this money we are bailing you out you be now friendly and supporting to us , instead of listening to Washington too much you call us first and if we want more representation at international bodies such as the World Bank then you should listen to our candidate , Chinese have a huge international reserves they are the largest creditor nation in the world they have about three trillion US Dollars in various currencies , Internally yes they have had too much inflation and they are trying to cool that inflation off , but externally their international situation they got lots of liquidity and they can do whatever they want " - in Goldseek Radio




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%.