Jim Rogers : The American Saving Class is Dying

Jim Rogers : “Many people saved their money…and didn’t buy four or five houses with no job and no money down,” said Rogers. “They did…the right thing. But now, [they] are getting virtually no return on their savings and their investments. They’re bailing out the people who did it the wrong way. The people who did save…are being destroyed.” Throughout history, Rogers says, destroying the saving class has always had disastrous results, citing 1920′s Germany as a prime example. “This has happened before, and the aftermath has always had grievous economic, social — and often human – costs,” said Rogers. - in etfdailynews

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%.