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....
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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Indexuniverse.com published an Interview with Commodities guru Jim Rogers dated 20 October 2009 in which they touched on several topics Read The Interview >>>>
Conversation with Jim Rogers, investor - commodities and commodities indices - commodities and inflation over the next five years - the US dollar has no future as a global currency Category: People & Blogs Tags: Jim Rogers commodities The Banking Conversation Emmanuel Daniel the US dollar inflation commodities indices
Jim Rogers the Indiana Jones of Finance author world traveler and the co-founder with George Soros of the Quantum Fund says that America is now a socialist country cause the American government now owns much of the automobile industry much of the insurance industry much of the banking industry Carl Marx would be cheering in his grave by now saying wow we did it without even firing a shot ....Ben Bernanke is an idiot he has been dead wrong every day he was there ...the US have printed so much money and taking out such a staggering amount of debt and nobody really knows how much debt they have , USA has taking out trillion and trillions of debt that always have led to problems whether it is inflation or bankruptcy printing money have always led to inflation in the past I presume it will this time as well...nobody can get loans to open farms right now or mines for that matter inflation is a worldwide phenomenon cause all governments around the world are printing huge amounts of money , I shop , you shop you know that prices are always going up , so inflation is here and it is going to get worse ...commodities are the best to be silver will be do good , cotton sugar agriculture all good commodities to invest in...China have saved a lot of money for rainy days , now it is raining but china cannot save us all cause the Chinese economy is only one tenth of the US and European economies , in China they have a horrible water problem India have it even worse..., if you are in the water business in China you would not know the recession unlike the exporting sectors ...Inflation is coming even in china .... Jim Rogers, speaking from Singapore discusses the outlook for global economies and currencies
Goldman Sachs, which was bailed out by the US Government with $10 Billions in aid last year, is due to unveil a $2 Billion profit Jim Rogers said he was "outraged that the US government bailed anyone out".
"All of those people should have gone bankrupt," he said to BBC News on this 14th of July "Isn't capitalism the system where people are allowed to fail?" "Obviously there have been great opportunities for people who were quick and nimble " he said "The stock market collapsed and then rallied gigantically bond market had huge fluctuations commodities went to the roof anybody who was nimble would have made a lot of money , I don't hold it against anyone who made money, I wish I had made more, we all do."
"These are difficult times, but some people take advantage of it, and make the world better for all of us. If nobody does that, we are not going to ever come out of this." he added
Jim Rogers author world traveler economic commentator and creator of the Rogers International Commodities Index "The first stimulus did not work , The second stimulus did not work The third Stimulus has to work ,they have been doing the wrong thing for over two years nothing works , I do not know why they think this is going to work...It is just going to make things worse too , The Japanese tries all this absurd stuff in the nineties it did not work then , it is not going to work for us either " Ben Bernanke is going to turn on the printing press again to finance the next stimulus this may create an inflation..."printing money has been tries many times throught history and many times in many countries in has never worked in the long term it has never worked in the medium term occasionally it has worked in the short term , it has never worked and it is not going to work now ...do not you remember George Bush and Geithner under Bush and Ben Bernanke they all tried it , they had two rounds of stimulus , Obama came and had one , we are talking about the fourth round of stimulus , this is not the second round " "Ben Bernanke was printing money already back in 2007 and he cranked up and cranked up and cranked up and he gave tax rebates did all sorts of things nothing has ever worked , this appraoch has never worked throught history , did not work in Japan , and Japan was a creditor nation , Mr Giethner claimed to be in Japan in the 1990s when , he used to say to the Japanese and to Greenspan Sommers said to the Japanese , you do it wrong this appraoch is never going to work , you know what we are doing exactly the same thing that this man and Geithner and Sommers and Greenspan told the Japanese that they were wrong , and it did not work in Japan , it is not going to work now , and printing money is going to lead to serious problems down the road " The co founder with Jim Rogers of the Quantum fund George Soros said that "due to the collapse of the credit market the Federal Reserve and the Treasury were the only sources of credit that were still credible , the Federal Reserve has to inject a lot of leverage and money into the economy , you have to print money as fast as you can expand the balance sheets of the Federal Reserve and increase the national debt " Jim Rogers disagrees with George Soros he says "I know they have already injected huge amounts of money into the system I know The Federal Reserve has more than tripled its balance sheet in the past year or so , the federal government has increased its own debt by 4 , 5 , 6 times we do not know how much because you know he took over Fannie Mae and AIG and the rest of them who had huge debt which we are now responsible for and we are responsible for AIG outbalance sheets derivatives and Fannie Mae's , even Fannie Mae and AIG do not know how big their debts are , we now the american tax payers on the hook...it is gonna get worse.." Investment guru Jim Rogers, co-founder of the Quantum Fund in the 1980's, has long been predicting the downturn in the market we're now seeing. But he admits even he didn't think it would come as quickly and furiously as it did after the fall of Lehman Brothers last September.
Jim Rogers : Ben Bernanke is an idiot Jim Rogers did today 14 july an interview with the Indian magazine The Economic Times ET Now ; he said "I have a silver coin in my pocket... I also have a gold coin, but the silver one is probably my better play. If I were a bright young man, I would be buying sugar and silver, given the state of the world. That’s not a recommendation, but I am just saying I do own some silver. Silver is cheaper than many things on a historic basis." and he also called Ben Bernanke an Idiothe also talked about the falling dollar and the currency crisis ... Read the Full Interview here
Transcript : Ben Bernanke: Hero or villian?
He's an idiot.
US stocks: Buy now or stay away?
I'm not buying them.
US banking stocks: Short them or stay away?
I'm doing neither. I am watching. They're down a whole lot.
US bonds: Short them or stay away?
I'm doing neither right now. My next move will probably be to sell them short.
In Asia: Sri Lankan stocks or Indian equities?
I'd rather buy Sri Lanka than India.
Chinese stocks or Indian stocks?
I'm not buying either at the moment. I don't own any Indian stocks. I own Chinese shares which I am not selling. The Indian... I wouldn't buy either.
Gold or silver?
I'd rather buy silver today. I own both and I'm not selling either.
Jim Rogers, CEO of Roger Holdings, said the fundamentals of commodities are continuing to improve.India is a great nation . The US government is flooding the world with money ...gold silver agricultural commodities are the best place to be
Jim Rogers says has no short positions, selling dollars :
Jim Rogers was interviewed this Thursday on Singapore Reuters TV , he said : "I have no shorts for one of the first times in my life," he told Reuters TV in Singapore . Jim Rogers is a legendary investor nicknamed the king of Wall street he co-founded with George Soros of the Quantum Fund and retired in his thirties now he lives with wife and daughters in Singapore after having sold his New York Mansion ... . "On the other hand I don't see much to buy." "huge borrowing by governments, particularly in the United States and Britain, would hurt their currencies and lead to future problems" he added , Jim Rogers seems to favor commodities currencies in particular the Canadian dollar
Jim Rogers interviewed on Money matters by Mary Caraccioli on bailouts , why he sold his New York mansion when the real estate market was still booming and moved to Asia , obama stimulus and deficits the trillions od dollars blown in the air , bailing out incompetent with working honest citizens taxes so that some wall street broker keeps on driving their maseraties , zombi companies and banks Tags are : JimRogersMMTMoneyMattersTodayBusinessNewsEconomyMaryCaraccioli
Legendary Investor and author of “A Gift to My Children” Jim Rogers talks about his latest book on June 5 to Al Roker , investor about teaching kids the value of earning and saving money. Jim Rogers who has two little daughters came very late into fatherhood and speaks about his experience as a father the best advises he can give to his daughters about life in general and investing in particular , the skills he wants them to develop such as speaking fluent mandarin Chinese and knowing Asia Jim Rogers believes that the next century will be the century of Asia and China in particular ...he believes in the ultimate decline of America as a super power and the inevitable rise of China as the dominant super power of the 21st century he always repeats :"the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
I'd rather short bonds than short stocks , gold will go over a thousand silver is a great investment agriculture and natural gas are even better,commodities and hard assets to save your investments against the inflation. Jim rogers also expects chaos the currency market buy the end of the year it could be the dollar or the pound sterling , just like the Icelandic krona collapsed 2 years ago , and the Russian rubble , buy hard assets real assets , commodities , agricultural and mining stocks , the fundamentals are getting better only for commodities . We are the largest debtor nation in the history of the world , the dollar is a terribly flawed currency it is going the way the pound did , china Russia and Brazil are trying to dump the US Dollar .the bonds rising indicate that inflation on the way...natural resources economies are going to boom , Brazil emerging markets Australia china are going to be better places than Europe and America ...I never sold a share in China
In this interview appearing in India's Economic Times, world class investor Jim Rogers said : "Central banks all over the world have printed huge amounts of money, and the real economy is not strong enough for all this money to be absorbed... so, it's going into stocks and real assets such as commodities. It's a mistake what they are doing. It's giving short-term pleasure, but there's long-term pain as we are going to have much higher inflation, much higher interest rates and a worse economy down the road." and he then added : "The American bond market is already beginning to go down dramatically as people realise that the American government has to sell huge amount of bonds, and secondly, there is going to be inflation, serious inflation, as it was always in the past when you had governments printing huge amounts of money. "
How Jim Rogers a poor boy from Alabama became a wall street king and made enough money to retire and spend 2 years traveling the world before choosing to move to Singapore from New York so that his 2 daughters will become fluent in Chinese a language that Jim Rogers believe will be dominant in the next century...great interview done almost a year ago , but still a great watch...
"It's a bear market rally. I was going to say I don't think S&P 500 will see new highs. But I have to quickly temper that by saying against the dollar because the S&P 500 could triple from here if they print enough money and the value of the US dollar collapses, then S&P could go to 50,000, Dow Jones can go to 1,00,000.Which is one reason why I am not shorting stocks right now. Because there is a possibility of this sort of a thing. There is a possibility that stocks could go through unheard of levels, but would be in worthless currency." said Jim Rogers in an interview with The Economic Times of India and he added : Become a farmer. The world has tens of thousands of hotshot fund managers right now. If I am correct, the financial community is not going to be a great place to be in for the next 30 years. We have many periods in history when financial people were in charge, we had many periods when people who produced real goods were in charge — miners, farmers, etc. The world, in my view, is changing and is shifting away from the financial types to producers of real goods, and this is going to last for several decades as it always has. This may sound strange but it always happens this way. Ten years from now, it may be farmers who will drive the Lamborghinis and the stock brokers will drive tractors or taxis at best.
Abn Amro interviews Jim Rogers : I continue to buy Chinese shares , I would not sell my Chinese shares , Real estate is a great buy in Asia , emerging markets are a great buy , great opportunities also in Taiwan if it makes peace with china , North and South Korea will eventually unite and that's a great market , good opportunities in Singapore Japan Viet Nam Malysia Indonesia and most of Asia ...Finally Jim Rogers gives his opinion "for the first time I guess" about Africa and he said that Africa is natural resources and commodities rich , like copper , Big fortunes are going to come out of Africa in the next few years Jim Rogers added
Jim Rogers explains what traders need to know about China, the US dollar,Bonds and commodities. ln December 2007, Rogers sold his mansion in New York City for about 16 million USD and moved to Singapore. This is due mainly in his belief that this is a ground-breaking time for investment potential in Asian markets. Rogers' first daughter is now being tutored in Mandarin to prepare her for the future, he says. "Moving to Asia now is like moving to New York City in 1907," he said. Also, he is quoted to say: "If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia." In a CNBC interview with Maria Bartiromo broadcast on May 5, 2008, Rogers said that people in Asia are extremely motivated and driven, and he wants to be in that type of environment, so his daughters are motivated and driven. He said during that interview that, this is how America and Europe used to be. He chose not to move to Hong Kong or Shanghai due to the high levels of pollution causing potential health problems for his family. His second daughter was born in 2008
In this interview Jim does not hold back... find out why he has sold up and left New York for Singapore. Mr Rogers is a straight talking no nonsense kind of guy that tells it like it is.
Articulate and a great nose for business Jim knows the US economy is in free fall and gives his thoughts on why. He offers his thoughts on Gold, Silver, The Depression, Federal Reserve, Banks (aka The Boys), US Government and talks about Civil Unrest all around the world .Jim Rogers is also optimistic about commodities economies such as Canada Brazil ad agricultural economies such as New Zealand , he invests in farming mining Chinese shares , Canadian and New Zealand dollars ...he said that he does not diversify his investments but he focuses on the good ones...he also speaks about his last book his 2 daughters and why he wants them to grow up speaking mandarin ...a great interview ...
Jim Rogers The Swine Flu could be a Disaster for world Economy , Karl Marx would be happy now about the US economy , I am setting here with money looking for things ti invest in , I am putting my money into commodities ...Citibank could go Bankrupt , I have covered nearly all my shorts ...final word from your book " the lesson of life for girls think for yourself think independently , be skeptical of everything you hear , be careful of the boys , the boys need you more than you need them "
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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