Jim Rogers : US National Debt is much higher than Official 16 Trillion Figure

Jim Rogers : US National Debt is much higher than Official 16 Trillion Figure , there is no way American could pay all its debt says Jimmmy Rogers

In the second edition of Venture Capital - Katie Pilbeam talks about the worrying new estimations on US debt figures with Jim Rogers, a legendary investor author of Street Smarts: Adventures on the Road and in the Markets. As Europe bears the burden of austerity, million-euro salaries continue to be dished out to bankers. Executive Director of DV Advisors Patrick Young tells us if such pay is justified. Can the price of fertiliser affect football? We look at whether that's the case with the Russian football club Anzhi. Plus corporate news and market action in Russian stocks.
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 : The clowns in Washington are running up the debts

Legendary Investor Jim Rogers chairman of Rogers Holding : yes Charles , Charles America is the largest debtor nation in the history of the world and these clowns in Washington are running up the debts they are not solving the problem they are making the problem worse , we have a serious crisis facing us and nobody seems to understand it " in Fox Business News June 10 2011


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 : the debts are staggering. we can never pay off these debts

June 09 2011 : Famed global investor Jim Rogers , chairman/CEO of Rogers Holdings on a One-on-One interview with CNBC's Maria Baltiromo discussing the economy, rising debt, China's growth prospects and oil prices.

Jim Rogers : "well, Maria, the debts in this country are skyrocketing. you know, in the last three years the government has spent staggering amounts of money and the federal reserve has taken on staggering amounts of debt , when the problem arise this time and we had recessions every four to six years from the beginning of time, the next time, what are they going to do? they can't quadruple the debt again, they can't print that much money. so it's going to be worse the next time around.I do not like particularly saying that I' am like you, I am an American taxpayer, but you have to face facts. "
"if they close down the government, i suspect the dollar will go up. people would realize, they're not going to spend money. they're not going to close down the government. i would hope somebody would understand we are facing a crisis. the debts are staggering. we can never pay off these debts. we've got to do something. the market's not putting up with his much longer"
"they should cut spending of a draconian manner. cut taxes, cut spending to the bones. we have troops in 152 countries. they're not doing any any good and costing us a fortune. many, many other thing we're wasting money on. that should be stopped








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 : avoid countries with Debt

Jim Rogere :".... if you want to make money, you can sell short bonds. It is fairly easy to sell short bonds these days. There are ETFs for many countries. You can either buy the ETFs, you can sell the ETFs short, you can short the bonds, you can short the currencies. Any country that has a lot of debt, the currency is probably going to be vulnerable and may be even the stock market. The economy is probably going to be vulnerable. In other way, just to avoid those countries, put your money in countries that are going to be prosperous rather than countries that are going to face problems. "
via www.economictimes.indiatimes.com

Jim Rogers : Greece is not the first nor the last country to go bankrupt

Jim Rogers Exclusive interview March 20, 2010

Jim Rogers says that he owns the Euro he longs the Euro cause he believes things will be good for a while , , he also says that the so called speculators or the hedge funds managers are not to be blamed for Greece problems , people invest where there are opportunities , many speculators invested in Greece and Greek property market when Greece joined the EU , but then the Greek politicians turned Greece into a disaster so the speculators started shorting Greece , Jim Rogers says "I did not hear the Greeks complaining about the speculators when they were investing in Greece but they are complaining now"
Greece is not the first nor the last country to go bankrupt ,these things happen all the time all along history countries banks and corporations went bankrupt , this is the way the market is working , many will make money and many will lose money Jim Rogers explained

Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets

Jim Rogers : America cannot quintuple its debt again

Jim Rogers : well Greece is bankrupt , I guess they are figuring out for themselves that they are bankrupt , and in my view they should let them go bankrupt and clean up the system ,now let me explain if Greece goes bankrupt they clean up the system , the Euro may go down for a while then in my view the Euro will be a very strong currency because they will say OK they gonna have a hard strong currency in Europe they are not going to put up with this , otherwise what happens the next country and then the next country and the next country ....if they are bankrupt they are bankrupt I suppose that's how the world is supposed to go ...
there is certainly more downside to come in the news , we certainly have several countries in Europe alone which are technically bankrupt and essentially are bankrupt , so more bad news to come , I happen to own the Euros it is not doing any good as you know because I expect them to paper them over eventually that will cause the euro to rally for a while , but look the way to solve this debt problem is not with more debt , the idea that you would solve a debt wit too much debt and too much consumption with more debt and more consumption , I mean that defies comprehension , you cannot believe that the grown ups will stand up and say something like that , but that's why they're politicians .....
It is not just the Eurozone , we got the United states of America which is basically bankrupt we got the UK which is bankrupt these are huge economies ,,,I know that the next recession whenever it comes it is gonna be much worse ..because I mean America cannot quintuple its debt again ...the UK cannot sextuple its debt again ...I mean it is just no more slack in the system so when we have the next recession and look we had recession every four to six years since the beginning of time , we gonna have more by 2012 or who knows when if not before and then it is gonna be much much worse ...



Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets