I have moved as many of my assets out of the US as I possibly can because I expect serious exchange controls in the foreseeable future there

Jim Rogers : I do expect Exchange Controls more exchange controls they ae already in some countries like Brazil as you probably know , so I would certainly expect exchange controls in the US , I have moved as many of my assets out of the US as I possibly can because I expect serious exchange controls in the foreseeable future there , they are only going to make the situation worse but that's what the politicians always throughout history throughout the world have resorted to , so yes we are going to see more exchange controls , again I just do not have my money trapped in any countries that have them .. - in TMRN Time Monk Radio - 2011-08-21




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%.