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%.

Tuesday, April 12, 2011

Bretton Woods 2 : Stiglitz, Soros & Summers - Remaking the global economy at Bretton Woods 2

Stiglitz, Soros & Summers - Remaking the global economy at Bretton Woods 2



INFLATION , Central banking and fiat currencies are the real culprit s, the system is a failure get rid of big government and human potential will be unleashed , All these geniuses getting together to decide the future for regular everyday NON BILLIONAIRES seems on their PART, pretty arrogant, and useless ,Then they have the genius Gordon BROWN...who is now INFAMOUS for having sold off UK gold at the lowest price , coincidentally to his bankster friends SEPT 12 2001...aka "The Browns bottom" , The original Bretton Woods conference of world leaders created the global economic framework still in place today.The one that took place over the weekend put on by the Institute for New Economic Thinking -- a think tank bankrolled by billionaire investor George Soros - brought together some of the economic elite to take it apart and talk about how to make a new one. you will never solve the problems with the thinking that got us here, it must be from outside the box, a new paradigm, and it must happen like the 100 monkey effect, their thinking is too many useless eaters, they know there is difficult times coming from space and effects on the planet, the earth is growing and we must also or perish, We need a gold standard! Printing money steals money from our paychecks and savings, causes asset bubbles and redirects wealth from the common man into assets such as stocks and real estate.

Mohamed El Erian on The Global Economy

PIMCO CEO Mohamed El Erian on The Global Economy


Mohamed El-Erian : "the impact for Japan is firstly a destruction of wealth there has been a lot of physical damage a tremendous amount of human suffering so once and for all destruction of wealth secondly once and for all decline in economic activity so the heading hat the economists call the wealth effect and an income effect "..." going forward you gonna see different things , first you will see a massive reconstruction program to give you a sense Kobe 1995 was 2 per cent of GDP reconstruction people estimate this will be two to three times as large " " so you gonna see a pick up in economic activity driven by reconstruction , second the private sector is not going to go back to where it was before and that's because of the nuclear element , electricity generation is going to be less going forwards may be as much as 25% less.......".... I doubt there will be a QE3 I am not saying it's impossible but I doubt there will be a QE3 , the economic argument for Qe3 is weaker the US is slowly healing , secondly the political argument has to be taken into account society is nervous when an unelected body starts acting as a fiscal agency and that what QE2 is so there is a limit to how often you can do it and thirdly Chairman Bernanke was very clear in his august statement in Jackson Hall which really was the introduction to QE2 he said there are benefits costs an risks in PIMCO's language we say well collateral damage unintended consequences ...
AS WE DO WE DISCLOSE OUR HOLDINGS EVERY MONTH AND SOMEONE found out that our holdings of US treasuries has gone on to ZERO , now why , everything you buy and hold must have value is that simple must have value , it must perform a role in your portfolio nobody has a monopoly over a position in your portfolio it has to have value and our estimation at the time is that there was better value elsewhere ......"

Jim Rogers : Gold not in a Bubble

Jim Rogers : It is hardly a "bubble" when very few own it still. Who knows? Overdue for a correction, but who knows?


.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%.
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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