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%.

Wednesday, July 22, 2009

The Dow Jones and S&P can go to the roof it is going to be in worthless currency

Jim Rogers Bernanke is an Idiot he should Resign Inflation is here and it is going to get worse


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



Jim Rogers Investment Strategy explained by himself 22 july

Jim Rogers Invest where demand is low



Investment guru Jim Rogers, co-founder of the Quantum Fund in the 1980'sexplains in details his investment strategy , Jim Rogers 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.

Q: The way your method works is. You look at the dustbins; you look where people are bearish because that is where you find the bargains?

A: Frequently, I do try to find things that are cheap. Normally if something is cheap, it is because it is in the dustbin; people are not looking at it. If everybody is looking at something or if everybody is investing in something, you know as well as I do, it is not cheap.

Q: More certainty equals less profit?

A: Exactly.

Q: A good lesson in investing is learning the laws of supply and demand. Can you explain that to us?

A: It is very simple. I came to the conclusion at the end of the 90s that the commodities had been in a bear market for about 20 years because there had been excess supply in the 70s, people found oil and a lot of things happened, huge inventories of food buildup. But then by the end of the 90s, I came to the conclusion that nobody built a drilling rig for 20 years and nobody had been discovering oil, farming had been a terrible business, farmers were going bankrupt all over the world. So, I realised that is going to mean there is less supply.

I had driven around the world a couple of times as you know, and I could see that demand was booming. I mean Asia was exploding. The difference in Asia in 1998 and in 1978 was very dramatic. So, I could see that demand was going up for 20 years, and supply going down and that had to mean that the bear market in commodities was going to come to an end. So, I started buying commodities for the first time in the last 15-20 years at that time. Lo and behold, I got it right. Sometimes I get it right.

Q: That works every time, the law of supply and demand. No dictator, no monetary authority has ever been able to change that?

A: They all try. Not just dictators, democracies try. I mean the Indian government, the American government. They all try to abolish the laws of supply and demand, think that they are smarter than anybody else. Periodically, governments put price controls on to food. Recently, the Filipinos put price controls on rice. Now if you were a farmer, you are not going to go into the field over 12 hours a day in the hot sun to raise rice if the government says you can only sell it for 2 pesos. You are just not going to do it.
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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