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, August 16, 2010

The Real China: Fascinating Interview with Chinese College Student

A very open, honest take on the realities of life and success in Communist China.

China Favors Euro Over Dollar as Bernanke Alters Path

Candice Zachariahs and Ron Harui
Bloomberg
Aug 16, 2010
China, whose $2.45 trillion in foreign-exchange reserves are the world’s largest, is turning bullish on Europe and Japan at the expense of the U.S.
The nation has been buying “quite a lot” of European bonds, said Yu Yongding, a former adviser to the People’s Bank of China who was part of a foreign-policy advisory committee that visited France, Spain and Germany from June 20 to July 2. Japan’s Ministry of Finance said Aug. 9 that China bought 1.73 trillion yen ($20.1 billion) more Japanese debt than it sold in the first half of 2010, the fastest pace of purchases in at least five years.
source bloomberg
via infowars.com

Jim Rogers was right - The collapse of 2010 is underway

Gerald Celente and Jim Rogers are in agreement concerning the danger of an economic collapse and the demise of the dollar. Sign up for our newsletter to stay informed!

Jim Rogers : China can dominate the 21st century

Jim Rogers: China has a long tradition of entrepreneurship and capitalism [he is referring to the past few thousand years and not the period from 1949 to 1978, when China's economy was essentially Socialist]. They have been extraordinarily successful several times in history. They are perhaps one of the few, if not the only, country in history that has been great four or five times. They had also been disastrous four or five times.

Great Britain was great once. Rome was great once. China has been great several times. They were in decline for 300 years, until about 1978, when Deng Xiaoping said “this is not working, let's try something new” and they started over. I don't know if it's going to work out, but historically, they do have whatever it takes to become a very successful nation. And the overseas Chinese have lots of capital and expertise.

It [China's economic future] may not work. But it's the only large country that I can see on the horizon that can dominate the 21st century
full interview >>>
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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