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%.
Showing posts with label The Dollar. Show all posts
Showing posts with label The Dollar. Show all posts

Thursday, December 17, 2009

Jim Rogers US Dollar Rally Ahead Newsmax December 15, 2009

Jim Rogers: Dollar Rally Dead Ahead



Famed contrarian investor Jim Rogers believes pessimism over the buck will lead to a short-term dollar rally.




Jim Rogers president of Rogers Holdings is George Soros 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

Thursday, December 10, 2009

Jim Rogers is now Buying Dollars . Yahoo Tech Ticker Interview 10 Dec 2009

Jim Rogers to Yahoo Tech Ticker : It wouldn't surprise me at all to see a nice rally in the dollar



"It wouldn't surprise me at all to see a nice rally in the dollar,” says Jim Rogers Chairman of Rogers Holdings :
"the U.S. is the largest debtor nation in the history of the world."

But "when everybody is on one side of the boat, invariably you should run over to the other side, for awhile"



Jim Rogers president of Rogers Holdings and creator of Jim Rogers Commodity Index , is George Soros 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

Jim Rogers is stocking up on yuan as its ties to the dollar pull it further from its true value

Jim Rogers : Waiting For China To Pull The Peg


Jim Rogers is accumulating yuan :
"I would have thought they would have ended the peg,'' he told Forbes in Tokyo, where he was speaking about commodities investment at a seminar sponsored by ETF Securities.

"You can't be a great economic power with a blocked currency,'' Rogers explained.


Jim Rogers Yuan vs Dollar


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Tuesday, December 8, 2009

Jim Rogers it is Time to Dump the Dollar and Invest in Commodities

Jim Rogers Blog
"Investors should dump the dollar and put their money into commodities, says billionaire investor Jim Rogers. The greenback will get even weaker as inflation inevitably rises, which will prompt the government to sell bonds and print money to pay down gaping deficits, Rogers says. "The U.S. dollar is now a terribly flawed currency," the Australian Broadcasting Corporation quoted Rogers. "The U.S. as recently as 1987 was a creditor nation. Now it's the largest debtor nation in the history of the world and that's going to continue to cause problems." Investors should put their money in commodities, especially since demand for commodities like oil and gold will outstrip supply, thus boosting prices, Rogers says. Federal Reserve officials have said they will keep an eye on inflation when the time comes to yank stimulus money out of the economy once recovery gains steam. "- Newsmax

Wednesday, October 28, 2009

Treasuries Are The Next Bubble . The Dollar Rally will last . Jim Rogers on Bloomberg TV 28 Oct 2009

Jim Rogers, chairman of Singapore-based Rogers Holdings was speaking this morning from Singapore with Bloomber TV he said that a rally in the U.S. dollar may last for a while as equity and commodities markets decline. He also discusses his strategy for investing in U.S. Treasuries , calling the treasuries the next bubble ....




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Wednesday, October 7, 2009

I am worried about the Dollar Jim Rogers




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Wednesday, September 23, 2009

I will sell all my US Dollars Jim Rogers

Jim Rogers talked about US dollars while he was attending the China International Financial Services Conference (CIFSC) held in Guangzhou on September 10, 2009.

Rogers believes that the last 50 years is U.S. government's journey into a huge debt and the U.S. government's decision-makers are still repeating this mistake.
legendary investor Jim Rogers has warned for many years, like Peter Schiff and Marc Faber, that the United States economy is in total decline and that Asia is the land to put your money.

Co-founder of the Quantum Fund and creator of Rogers International Commodities Index, Jim Rogers, told attendees at the China International Financial Services Conference CIFSC held in Guangzhou last week that he will sell all United States dollars, according to People’s Daily Online. For years now, Rogers has been telling media outlets and investors that he wants to get completely out of the US dollar and put his money in other sound currencies. Rogers went on to say that the last 50 years the US government has taken a dive into astronomical debt and the each administrations continues to make the same mistakes.
Source :People’s Daily Online

Tags: dollar recession depression decline US economy economic collapse crisis meltdown Bob Chapman Rand stck market gold silver Ron Paul Alex Jones Peter Schiff jim Rogers Max Keiser

Saturday, September 12, 2009

Jim Rogers I will sell all my US dollars and I will buy oil, minerals and stock of companies engaged in the real economy

I will sell all my US Dollars and will not buy any US Treasury bonds says 68 years old investor Jim Rogers while speaking at The International Financial Services Conference (CIFSC) held in Guangzhou Guangdong province in China on September 10, 2009.
". I will not buy more United States Treasury bonds because the government is constantly printing more banknotes. The world will never be a lack of U.S. dollars. I will buy oil, minerals and stock of those companies which are engaged in the real economy. " he was reported as saying ...
US dollar economy has encountered major problems, the dollar index fell to a new low, and it will continue to fall. If the dollar rebounds in the future, I will sell all the U.S. dollars. My whole family has moved to live in Asia. The story of the United States is over. A new story belongs to China.
regarding to the U.S. Treasury bonds, Jim Rogers thinks that both the U.S. bond market bubble and the economic crisis are growing. and that the bubble will burst it is not a matter of if but a matter of when ....
Via
People's Daily Online

Wednesday, June 17, 2009

BRICs look for more diversity in reserve currencies

The world 's major emerging economies the BRIC nations Brazil Russia India and China are looking at buying each others bonds, and a greater IMF role, to minimize reliance on the U.S. dollar in their talks in Ekaterinburg. They call for bigger say in Monetary Institutions , The BRIC Bloc is born to " confront failures in the financial systems" after the collapse of the US dominated financial system these countries want a greater say in how things are run and they want a smaller role for the US Dollar , the BRIC countries hold trillions of dollars in foreign currency reserves so they would also suffer if the dollar falls , one option is the boost the role of their own currencies . Russia offers to expand the basket of currencies behind the IMF reserves , The basket should include Ruble Yuan and Gold says Russia presidential aide Arkady Dvorkovich

Wednesday, May 20, 2009

Next Financial Meltdown will be in the Currency markets: Jim Rogers

The next financial meltdown will be in the currency markets, as central banks around the world have been printing money as if there is no tomorrow, giving the appearance of massive government intervention to weaken their currencies, legendary investor Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday.
"At the moment I have virtually no hedges, I suspect it is going to be the next problem, big crisis will be in the currency markets, I'm trying to figure out what to do there," Rogers told "Squawk Box Asia".
Rogers has bought the yen because he expects the Japanese currency to withstand future problems, but he does not have short positions in any currency and is currently not buying the yen any more.
"I'm certainly not short in the dollar — not at the moment, although it may be the peak. We may have come to the peak," he said. "I don't plan to own the yen forever, because you know the Japanese, Japan has some huge problems down the road."
For the moment currencies may look safer than anything else in the markets, as stocks may face a new bottom since they were artificially lifted by the amount of money created by central banks, but there are pitfalls ahead, he said.

"If I am right, you're going to see a lot of currency problems in the next decade or two," Rogers said.

"Governments around the world are doing their best to destroy currencies, many currencies in fact. And people need to understand that; if they don't understand it now, they're going to find out, they're going to find out the hard way," he added.
source with some modifications

Buy Yuan and Beware of Boys, Rogers Tells His Daughters

"The renminbi is eventually going to be the next reserve currency of the world. Twenty years from now, perhaps fifteen years from now, the Chinese are opening up there currency more and more every month, every year. And that’s going to continue ... who knows how high it will go," Rogers Said to day on CNBC :
Say the name Jim Rogers, and these thoughts might come to mind — billionaire, China, author, adventure capitalist, George Soros' one-time partner, investment guru, man in bow tie ... but how about father?
And father he is to two little girls, Happy age 6, and Baby Bee age 1. He's even written a book for them — A Gift to My Children: A Father's lessons for Life and Investing.

And what investment advice would he impart to his daughters? Rogers sat down and shared with CNBC.com some of his thoughts on this, beginning with, buy renminbi if you get the chance.

"I own the Chinese renminbi. It's not that easy to buy and sell the renminbi because it’s a blocked currency. But I own it and every chance I get to get some more renminbi, I do so." Rogers says.

"The renminbi is eventually going to be the next reserve currency of the world. Twenty years from now, perhaps fifteen years from now, the Chinese are opening up there currency more and more every month, every year. And that’s going to continue ... who knows how high it will go," Rogers adds.

With China, currently the largest creditor nation in the world, and with a balance of trade surplus to boot, Rogers would rather own the renminbi (also called the yuan) than many other currencies.

But he adds that he doesn't understand why China has a blocked currency. Currently, there are restrictions on money leaving or entering the country and as such, the renminbi is not fully convertible.

"China has not made many serious mistakes in the past two to three decades but this is one of them. I don't know why they still have a blocked currency. This is not 1979, it’s not even 1999. It's 2009 and China doesn't need to do that any more," Rogers says.

More of Jim Rogers' Outlook on CNBC.com













Saturday, May 16, 2009

We Are Going To Have A Currency Crisis said Jim Rogers

As for the dollar, we’re going to have a currency crisis probably this fall or the fall of 2010. It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally.
it is time for a correction , Jim Rogers prefers the Euro and the Yen over the dollar....Jim Rogers likes agricultural commodities , prefers silver to gold and Palladium to Platinum...
The U.S. dollar is a very flawed currency.

Friday, May 15, 2009

Buffett and Jim Rogers Warn Inflation Ahead

A parade of luminaries see huge budget deficits and loose monetary policy leading to higher prices. That group includes Warren Buffett, Marc Faber, and Jim Rogers.

Buffett praises government efforts now to stimulate the economy.

Yet he told CNBC that the economy “can't turn around on a dime” and that those efforts could trigger higher inflation once demand rebounds.

“We are certainly doing things that could lead to a lot of inflation,” Buffett says. “In economics there is no free lunch.”

Investment guru Faber also sees the government creating inflation.

“The massive money printing we have and the massive deficits we have now will make it difficult when there are some price pressures for the Federal Reserve to actually increase interest rates,” Faber warns.

Rogers says it’s not just the U.S. government that’s implementing inflationary policy.

“Governments are printing money everywhere, borrowing stupendous amounts,” he told Bloomberg. “Throughout history that has led to problems…and it will this time too.”
Read entire article

Thursday, May 14, 2009

Jim Rogers Food Prices Will Skyrocket

wall street king and commodities legend Jim Rogers says that the rally in stocks and the dollar will soon end, thanks to the Federal Reserve’s massive easing policy.

“I’m not selling short yet. But…if it keeps going like this, I’ll have to start selling short eventually. I don’t see the stock market as a great place to be in the next two to three years, maybe even the next decade.”

Full Article

Wednesday, May 13, 2009

We’re going to have a currency crisis probably this fall or the fall of 2010 said Jim Rogers

The dollar’s rally is set to end in a “currency crisis,” legendary investor Jim Rogers told Bloomberg yesteray, adding that he may bet on a slide in equities after nine weeks of gains. He said “We’re going to have a currency crisis, probably this fall or the fall of 2010,It’s been building up for a long time. We’ve had a huge rally in the dollar, an artificial rally in the dollar, so it’s time for a currency crisis.” The dollar has climbed against all of the so-called Group of 10 currencies except the yen over the past year , The U.S. currency was at $1.3592 per euro today from $1.3582. Rogers said, that He’s avoiding The Dollar and equities for the next two to three years because prospects haven’t changed,“The market in the U.S. went up very powerfully for nine weeks in a row so of course it’s time for a correction,” Rogers said . Rogers owns some Chinese and Japanese stocks, and also continues to hold some shares of airlines, he said without naming any companies. Stocks in commodities economies such as Canada and Brazil may also perform better than U.S. shares, Rogers added.
Read the whole article

Sunday, May 10, 2009

America owes the world 13 trillion Dollars it is getting worse

Jim Rogers already few months ago was denouncing the sad situation of the American economy , get out of the dollar , buy commodities invest in China buy gold etc...a nice video from Jim Rogers

Tuesday, May 5, 2009

Jim Rogers Saw the Collapse coming years before it happens

Jim Rogers foresaw the crisis with a disturbing accuracy years before it happened ...Jim Rogers explains the false Flag recovery and predict total collapse of the economy and the dollar during the Obama administration...America will default on its government debt ...prepare yourself !....excellent interview...


Monday, March 23, 2009

Jim Rogers: America Is Bankrupt Move to Asia !!!!


March 22 Source Source Bloomberg
India and China offer “spectacular opportunities” for investors, said investor Jim Rogers, chairman of Singapore-based Rogers Holdings and the author of books including “Hot Commodities,” “Investment Biker” and “Adventure Capitalist.”

India’s politicians are one of the “major problems,” Rogers told the Wharton India Economic Forum via videolink from Singapore. The country has the “single worst bureaucracy in the world.” If a person can deal with that, “there are fortunes” to be made by investing in India, Rogers said.



Sunday, March 22, 2009

The Dollar is DEAD America is Doomed !!!!!!!!

The Dollar is DEAD America is Doomed !!!!!!!!

Saturday, March 21, 2009

Jim Rogers Abolish the WB and the IMF 13 Feb 09

13 Feb 09
On aljazeera Jim Rogers called for the abolishing of the WOrld Bank and the IMF

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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