JIM ROGERS

JIM ROGERS

Tuesday, March 31, 2015

The Fed Will Panic at some point

HB: We seemed to have a preview of that a few weeks ago where we had a pretty sickening plunge for a few days, and then James Bullard came out and said, 'Hey, we'll do what we need to do.' And suddenly stocks took off again. So you're expecting a bigger version of that?
Jim Rogers : That's exactly right. Wait until it gets worse and it will, somewhere along the line. At which point, the Fed will panic. It's all they know how to do, Henry, so they will pump huge amounts of money in. It's going to go into shares, and that will cause the top. I have no idea when that will be. That's when I would sell short. By the way, if it happens that way, one should be long, and long big time. I doubt if I will. Either I'm too smart or not smart enough. What we need is a 26-year-old. The 26-year-old will think this is wonderful. She will think she is very smart. She will make a lot of money for a while, and then it will collapse. - via business insider






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%.

Monday, March 30, 2015

Jim Rogers Warning : The US Taxes are going to get worse



Geoff: So the next question kind of correlates with that question, and it’s kind of a second part to that. Can you suggest a future in which a person can buy goods and services directly with gold eagles and silver eagles without paying tax?

Jim Rogers : Not in the U.S., no. If anything, the tax will go up. No Geoffrey, the U.S. politicians are going to tax everything in sight, and I’m afraid the taxes are going to get worse. Geoffrey, the United States is the largest debtor nation in the history of the world. No debtor nation has ever, no nation has ever gotten like this, and the debts are going higher and higher and higher. That is a reason to own gold and silver, but it’s also a reason that they’re going to tax us as much as they can. - via Sprott Money interview






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%.

Sunday, March 29, 2015

Rogers : Russia Much More Prosperous than Ukraine

HB: And you say that even given Russian President Vladimir Putin and his aggressiveness?

Jim Rogers : It sounds like you have been reading American propaganda too much. This all started with America, with that diplomat in Washington [Victoria Nuland, the Asst. Secretary of State]; they have her on tape. We were the ones who were very aggressive. We're the ones who said, 'We're going to overthrow this government, we don't like this government, even though it was elected. They are fools and we don't like them, so we're going to get rid of them.' We were the aggressive ones. Crimea has been part of Russia for centuries. If it weren't for [Nikita] Khrushchev getting drunk one night, it would still have been part of Russia. That election was in process, anyway. Everybody would rather be part of Russia than Ukraine. Ukraine is one of the worst-managed countries I've ever seen. Of course people want to get out of Ukraine. You would, too. It's a disaster. And Russia has been much more prosperous.
Maybe Putin has been overly aggressive, but he has been subject to horrible stress in the West. The State Department says he's a bad guy, so the American press says he's a bad guy. They stop looking at the facts. It happened in previous wars, including Vietnam.

The other effect it's having is driving the Russians and the Asians together. That will hurt us — the US — in the end because the Asians have more money than the West. America's the largest debtor nation in the history of the world. China has huge assets, as do other Asian countries. So
unfortunately, it's causing Russia to turn more toward Asia. That too will be good for Russia in the long term. There are 3 billion people in Asia. You see the Russians have made this huge gas deal with the Chinese. The Chinese and the Asians have recently started an Asian bank to compete with The World Bank. This whole thing, which we started, is only accelerating bad movements.

These sanctions are not hurting everybody, but they're certainly hurting Europe, which is driving more and more people to look for competitors to the US dollar and the US banking system. In the end it's good for Russia. I don't like saying it. I'm an American like you are. But I have to deal with facts, not with propaganda and not with hope.










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%.





Who is Jim Rogers ?

James "Jim" Rogers was born in Oct. 19, 1942 and grew up in Demopolis, Alabama .Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendry 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%. They ran what is considered to be one of the first truly global macro hedge funds. . In 1964 he got his first job on Wall Street at Dominick & Dominick in the summer between high school and Yale University, that's how he got his first experience with stocks and bonds. He immediately fell in love with the job. After Oxford, he returned to the U.S. and joined the army in 1970 he returned to Wall Street, working again with Dominick & Dominick. That same year he joined Arnold S. Bleichroeder, where he met George Soros, and together founded the Quantum Fund. This has opened a new era of global macrotrading and inspired numerous imitations and spin-offs. In the book "Money Masters of Our Time," Jim Rogers writes about that time "the most important thing in my life was work. I did not do anything until I had completed my work." To emphasize this professional ethic , it is good to remember that he did not made any holiday for ten years. In 1980, Jim Rogers has decided to "retire" at 37 years. Since then he has spent much of his time traveling and supporting the causes of philanthropic and taking on many high profile roles in the media. However, he continues to be an active investor and media commentator

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 "