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%.

Friday, September 18, 2009

The other face of Chinese economic miracle , grabbing land for developers

Underground Video Of discontent In China


The other face of China , grabbing land for developers , the flip side of the Chinese economic miracle



Underground Video Of Tyranny In China - The most amazing bloopers are here


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Jim Rogers never sold Chinese Shares since 1999

Jim Rogers says since 1999, when he bought his first China Shares he has never sold them. Rogers believes that after ten years China stocks will still be rising, but at the same time he has sold all stocks from the other emerging market countries.

Last year in October, he bought stocks in China again. But the Chinese shares he bought were H-shares, B shares, and S shares. He has never bought A shares, since the A shares are too expensive, and perhaps one day, China's H shares, B shares, S shares and A shares will merger as one kind of stocks.

If signs of collapse appear in China's stock market, Rogers would buy more Chinese shares. He thinks this may happen in the near future, but not at the present time , because although China's stock market is making adjustment, no one is selling Chinese stocks in large quantities. Besides, China's stock market rose 80 percent in the past six months, prices have been too high," I will not buy Chinese stocks at this time. After a year or two, I would consider buying Chinese stocks again" Rogers added

Canada is going to do better than the US

answering a question from China Int'l Business : Do you expect the crisis to continue for several years, or do you expect things to improve in the next one or two years? : Jim Rogers answered :
Different countries are going to fare differently. Anyone who’s got commodities is going to do well in this climate. Canada is going to do better than the US, Australia is going to do better than Belgium. I have no idea exactly when the crisis is going to end. Things are going to look better for a while: people see cheap prices, and then they go buy, and then other people see that people are buying and think ‘this is better’ so they join. Then it’s going to fall again. All the spending is going to lead to bigger problems down the road. The idea that you can solve a debt-based problem with more debt is mind-boggling. Source China Int'l Business CIB Sept 2009

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The governments stop interfering with fundamental principles and let the market clean out mistakes

What could we learn from the Lehman Brothers lesson .
"We need some more Lehmans so we can get out of this."
" Over the past 20 years Messrs Greenspan and Bernanke introduced crony capitalism to the West which is leading to a lost decade[s]. Market fundamentals are that failures should collapse and be replaced by creative new forces rather than being propped up as zombies. Financial institutions have been failing for centuries and the world has survived. Had the central bank allowed the failure of Long Term Capital Management to run its course, Lehman, Bear Stearns, et al would still be here. Everyone would have lost so much capital and fired so many incompetents that the madness of serial bubbles (dotcoms, housing, consumption etc) would never have occurred."

Jim Rogers
Source FT.com


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Peter schiff Jim Rogers Obama gold silver federal reserve economic collapse crisis michael maloney gata inflation alan greenspan ben bernanke LTCM max keiser stacy herbert comex GATA dollar fiat amero currency bretton stock market crash rothschild jp morgan goldman sachs credit hyperinflation celente weimar Moriarty bullion coin manipulation lindsey williams bob chapman IMF bailout larouche alex jones ron paul

Fund Managers Should become Farmers the Future is Agriculture!

We are probably heading towards a world where the elite will be made of those who produce wealth , farmers miners workers , instead of those who speculate on the wealth created by others : broker fund managers bankers etc...the financial community is not going to be a great place to be in for the next 30 years or so , Jim Rogers puts it elegantly by saying : Let the bankers turn in their Lamborghinis and start driving Taxis , give them bonuses in toxic waste they created not in real money ... Jim Rogers also said many times that Farmers will be driving Lamborghinies , while Bankers will have to learn how to drive tractors ....and he adds Fund Managers Should become Farmers the Future is Agriculture
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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