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%.

Saturday, August 14, 2010

Jim Rogers : Government interference not The Capitalism caused the Crisis

Slavoj Zizek vs Jim Rogers




Jim Rogers : had capitalism been allowed to work we wouldn't be in this situation , if back in 1994 or 1998 people have been allowed to collapse we would not had the prosperity we had in the early part of this decade on the other hand we would not had the collapse that we have now , we had an artificial prosperity now we have an artificial decline if you will...that's government interference that's not capitalism that caused that that 300 million Americans that now have to pay for the people in the financial district and say the other 10 million who did do these things ...I mean that's absurd that's not the way the system is supposed to work ,this is how the system is supposed to work : incompetent people fail , competent people will come along take over their over their assets reorganize and the system starts over , it's called creative destruction it's a capitalist kind of thing ....what's happening now is the government is coming along and taking the money from the competent people giving it to the incompetent people and saying now you compete with the competent people with their money ...the whole system is wicked that's called socialism ...you should recognize that ....you should recognize that system that's what the socialist do that's what the communist tried to do....."

Slovenian philosopher Slavoj Zizek, aka The Elvis of cultural theory, is given the floor to show of his polemic style and whirlwind-like performance. The Giant of Ljubljana is bombarded with clips of popular media images and quotes by modern-day thinkers revolving around four major issues: the economical crisis, environment, Afghanistan and the end of democracy. Zizek grabs the opportunity to ruthlessly criticize modern capitalism and to give his view on our common future.

We communists are back! is the closing remark of Slavoj Zižeks provocative performance. Our current capitalist system, that everyone believed would be smoothly spread around the globe, is untenable. We find ourselves on the brink of big problems that call for big solutions. Whatever is left of the left, has been hedged in by western liberal democracy and seems to lack the energy to come up with radical solutions. Not Zižek.

Mohamed El-Erian Pimco CEO : Investors should prepare for major structural changes

"Structural problems need structural solutions" “Forget about being hostage to mindsets that are very cyclical and look broader, because there are some major structural changes -- there’s some major realignment both at the national level and at the global level,” Mohamed El-Erian Told Bloomberg in a radio interview on Aug. 13, 2010 “We should not over-depend on the Fed,” he added. “The Fed does not have enough instruments for what we’re looking at. You need other agencies to get involved. We’re not getting any structural solutions.”
Pimco's El-Erian Discusses Deflation, Fed, U.S. Economy: Video

Aug. 13 (Bloomberg) -- Mohammed El-Erian, chief executive officer and co-chief investment officer at Pacific Investment Management Co., discusses Federal Reserve monetary policy. El-Erian, speaking with Tom Keene and Ken Prewitt on Bloomberg Radio's "Bloomberg Surveillance," also discusses deflation and the outlook for the U.S. economy. (This report is an excerpt of the full interview. Source: Bloomberg)

Playing Commodities And China

Money manager invests in natural resource companies supplying China.Stephen Leeb

Jim Rogers : Bernanke is like Tiger Woods

Jim Rogers Bernanke is like Tiger Woods this is a nice Video...everybody is pessimistic about the dollar , and that's why there might be a rally , Jim rogers likes to see the FED and the treasury departments abolished , the federal reserve has tripled its balance sheets full of garbage that you and i have to pay for it and everybody watching this show Jim Rogers explains why do we want the FED they're making the situation disastrous for all of us ...why are we listening to Geithner or any of these guys down there they are making our situation much worse , they want us to solve our problems with more debt and more consumption ?! that's what got us in this situation in the first place , this is like saying to Tiger Woods you got another girl friend and you solve your problems 5 more girl friends and you solve your problems ...
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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