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%.

Saturday, November 5, 2011

SDR is not the solution to Europe debt problems

Jim Rogers : many people in the G20 they do not have any money either , you expect the Americans will put up the money to solve these problems ?! no many of the G20 countries have their own problems going forward , that's not going to work , we can try SDRs , but what does SDRs solve ? that does not solve anything it just creates more credit that's not going to solve the problem , we have a problem of too much consumption and too much debt , you cannot solve a problem of too much debt with more debt even if it's artificial debt even if it's fake debt , it just makes the system worse and when the system finally collapses then there is nothing anybody can do nobody can hold it together at that point - in Reuters TV interview
Click Here to watch the Interview >>>>

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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