JIM ROGERS BLOG is An Unofficial Tracking Blog of Global Investor Wall Street King and author Jim Rogers , his investments speeches interviews ideas and much more....
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%.
It`s pretty simple. The way the world has worked for a few thousand
years is, when people get into trouble, they fail, competent people come
along, reorganize the assets and start over.
In America and in the West, what they said was, "No, no. We are going to
let the incompetent people take over the assets from the competent
people and then let them compete with the competent people." The
japanese tried this in the early nineties, the japanese had two lot
decades. It is not going to work. In Scandinavia, in the early nineties
let people go bankrupt, they had a horrible two or three years but since
they they grown dramatically over the past 15 or 20 years.
The way the system works is, when you fail, you fail and you start over.
In America we do not do that anymore and we are kicking the can down
the road.
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%.
With equity markets starting off December on a losing streak, Jim Rogers is out with another characteristic stark warning. This is all going to end badly. Jim Rogers told a CBC that eventually, the entire world is going to collapse.
Rogers boils it down to a singular notion that will tear at the fabric of system. Debt.
Jim Rogers – Gold Not Going Anywhere
Even with gold prices getting hammered by QE taper fears, Rogers doesn’t see an end to the commodity bull supercycle. Jim Rogers thinks this is just the normal ebb and flow of the market, and it isn’t unusual to have corrections. During the interview with CBC, he reiterates his bullish stance on agriculture. Hard not to be bullish on that, we all have to eat.
One area he does push back on is Natural Gas. Fracking is getting some hard PR as more and more communities reassess whether they want that type of drilling in their backyard. Rogers says is it best ‘not to get too excited about fracking’.
The Next Crisis
It wouldn’t be a Jim Rogers interview if he didn’t talk about the next massive crisis. Hey, they don’t make those doomsday prepper shows for nothing. His words are simple – the next one is going to be worse than the last.
“2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits… debt has gone through the roof, the next one’s gonna be really bad”
Rogers ends the interview on a cautionary note – Be prepare, be worried and be careful. In other words stock up on the usual. It’s going to be a wild ride.
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 "
