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, November 18, 2009

Jim Rogers to Bernanke: Close the Federal Reserve and then resign.

In an interview with the street.com dated 11/13/09 , Jim Rogers asked Ben Bernanke to resign and close down the FED :
Jim Rogers: Oh no, resign. Let the market deal with rates. He hasn't done it right.
If it weren't for the Federal Reserve, the market would be setting the rates and then we wouldn't have to deal with this. I mean these are bureaucrats - you think these guys are any smarter than you or me? American has had three central banks, the first two have disappeared and this one will disappear too, after Greenspan and Bernanke. The market would do a much better job of setting rates than Mr. Bernanke. Certainly Mr. Greenspan and Mr. Bernanke have been dead wrong for 22 years, whatever it's been. Mr. Bernanke is taking on gigantic amounts of debt, huge amounts of debt. They have at least tripled the government's balance sheet, the Federal Reserve's balance sheet in the past two years. [It] used to be 800million dollars of government bonds, now its trillions of dollars of garbage.

Read Interview >>>>

China already starts Challenging USA military and cultural dominance of the World

China's growth challenging US influence - 16 Nov 09


Barack Obama's visit to China has refocused the spotlight on China's growing clout as an international power.

In recent years, the country has been economically and politically influential in the region and throughout the world.

And as Al-Jazeera's Steve Chao reports, many are wondering if the days of China challenging the
US as a world superpower have already arrived.



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AlJazeera Al Jazeera China USA Growth Competition

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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