What’s going to happen is, the rates are going to go higher, markets are going to go down, people are going to call up and say, ‘You must save civilization,’” he predicts. And then, in his scenario, “They’ll panic and then come riding to the rescue” by easing monetary policy again.
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%.
JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
Christ tried to get rid of the money changers in the Temple and unfortunately they're thriving on the backs of the poor 2000 plus years later. They deliberately created all this debt to enslave the 99 %. All Fed debt creating banksters should resign and the world banking system should be overhauled and replaced with limited central governments and balanced budgets. Central banks are a cancer to the middle class and poor!
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