Jim Rogers Bloomberg Video Interview

Legendary investor and commodities king Jim Rogers , chairman of Rogers Holdings gives his outlook to Bloomberg Tv about the US Dollar and Commodities ; Jim Rogers explains why he is longing the US Dollar : "because everybody is bearish including me , I have read something like 97 percent of the people are bearish on the dollar , I am one of those 97 so I bought Dollars " regarding the solvency crisis in Europe and the Euro problems Jim Rogers says :"the good news is if they let them go bankrupt and they start over then you will know that the currency will be a strong currency they won't let people use phony bookkeeping anymore they won't let people spend money they do not have , my goodness the currency would be one of the strongest i the world " regarding the bailouts Jim Rogers says "wait wait a minute If they bailout the banks , the bankers are the ones who get benefits from that , the common people do not get any benefits from that .....why should a good honest German tax payer suddenly got a bill a guy who saved his money suddenly gets a bill from the German government saying you got to pay for some Greeks who were setting on the beach drinking Ouzo that's absurd " regarding the United States situation Jim Rogers says : " of course we are gonna have social unrest in the United Stats too we gonna have much higher prices , we have serious inflation problem which is going to get worse and we have a government which has no clue which is getting us spending staggering amounts of money , getting us into debt " on what should Obama do Jim Rogers says " what he should do is take an axe , no not an axe take a chainsaw to spending in the United States and cut it dramatically , we got to balance the budget we got to pay off the debt somehow someday " regarding his investment strategy Jim Rogers answers " I am long commodities I am long currencies , I am short emerging markets and I am short technology stocks and I am short one US Bank , but Jim Rogers does not want to say the name of this Big US banks "too many friends out there I'll keep my mouth shut " but he expolains that it is a big big Bank




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%.