Jim Rogers on Derivatives

Jim Rogers : Derivatives ? well if by derivatives you mean Futures , Futures as I said before are going to have a major place because commodities and hard currencies are going to have a lot of turmoil and a lot of activity so anybody on the futures market who knows what he is doing is going to make a lot of money , If by derivatives you mean things like subprime mortgages and some of the paper that people have come up with , you are probably going to see plenty of bankruptcies in that area , I mean the amount of off balance sheet items in places like JP Morgan well you name them all the banks have staggering staggering amounts of off balance sheet derivatives even they do not know what they have got we are going to see plenty of bankruptcies that's going to be a source of many bankruptcies going forward  - 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%.