James West: So would you say the success of the Brexit campaign is likely to have a positive effect on Donald Trump’s efforts to become president?
Jim Rogers: Ah well yeah although Donald Trump is more just the unhappiness of the American electorate, and by November, American’s are going to be even more unhappy. And I doubt it anybody will be even talking about Brexit in the U.S. in October and November. But they always look for a man on a white horse, or a woman on a white horse, when things go bad. And that has happened throughout history, and its going to happen again.
James West: So this event sort of underscores the rise of a nationalist sentiment in G7 countries, and do you think that then favours Donald Trump over Hillary Clinton in the election race?
Jim Rogers: Well not just G7… I mean Belgium may split up. This is now giving a lot of impetus to people in Spain who want to separate….Italy…there are many countries where people want to separate, and this will give them a lot of clout. Some of them will lead to elections. Even if they don’t separate, it’s going to lead to more turmoil and confusion, and unhappiness, and when there’s unhappiness and confusion and a lack of certainty, markets don’t like it. They never have. And neither do voters like it, and they’ll vote for the man or the woman on the white horse.
http://www.midasletter.com/2016/06/16715/
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%.
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