Jim Rogers Interview CNN Money 20 June 2011

Legendary investor Jim Rogers chairman of Rogers Holding interviewed by CNN Money about the Greece debt crisis : "...Greece is bankrupt and the sooner we recognize that and do something about it the better , some of the politicians in Europe are just trying to push it down the road , eventually we gonna have to bite the bullet and some banks and bond holders are going to lose a lot of money , it's not the end of the world it is losses but it is not the end of the world .."
"There is no way Greece could pay all of those debt , if you just look even with their austerity plans , the debt still continues to rise , they rise at a slower rate but the debt goes up , this is not going to work pushing the can down the road"
"Somebody has to take some losses , but Poppy that's good , you take the losses you reorganize and you start over from a sound base , then people make a lot of money"




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 still bullish on China despite a possible real estate bubble

Legendary investor Jim Rogers on China

Legendary investor Jim Rogers remains bullish on China saying despite a real estate bubble, there are 'better thing to come' for the country.
Jim Rogers : yes I am very optimistic about the future of China , my children speak mandarin , there will be set backs in china , do not worry Felicia there will be many problems in China , there is probably a real estate bubble in urban coastal real estate in China , but that's not china , here we had a huge real estate problem which took us down for many reasons because it was very pervasive that's not China , China has many other things going for , China got a huge saving saving rate , they save and invest 35% of their income , they work from Dawn to Dusk , they are the largest creditor nation in the world .......etc....