Jim Rogers, the chairman of Rogers Holdings and Beeland Interests said the United States hurt itself by pushing Russia towards Asia during an interview with Gazeta.ru.
Mr. Rogers explained that it is just a matter of time before Russia becomes a major partner in Asia. According to him, the United States would not receive a share of the opportunities in the Asian market if Russian becomes a major partner of the region. He said, The “US simply shot itself in the leg.”
Mr, Rogers pointed out that the Asian market has 3 billion people. It is much larger than the combined population of Europe and the United States, which is estimated to more than 1 billion people.
“For Russia it is better to be with 3 billion creditors than 1 billion debtors,” the investor explained,” said Mr. Rogers. He added that the money is China, Hong Kong, Japan, Taiwan, Korea, and Singapore while the largest debtors are in Europe and the United States.
Read more @ http://www.valuewalk.com/2015/07/jim-rogers-us-push-russia-to-asia
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%.
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