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, November 5, 2011

SDR is not the solution to Europe debt problems

Jim Rogers : many people in the G20 they do not have any money either , you expect the Americans will put up the money to solve these problems ?! no many of the G20 countries have their own problems going forward , that's not going to work , we can try SDRs , but what does SDRs solve ? that does not solve anything it just creates more credit that's not going to solve the problem , we have a problem of too much consumption and too much debt , you cannot solve a problem of too much debt with more debt even if it's artificial debt even if it's fake debt , it just makes the system worse and when the system finally collapses then there is nothing anybody can do nobody can hold it together at that point - in Reuters TV interview
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Jim Rogers : Germany still has enough credibility to broker Euro Debt Solution

Jim Rogers yes we can do it if we do it now ,when Germany still has a lot of credibility , Finland and these tiny little countries there is still enough credibility of the government and the finances of the EU that you can pull it together if the market forces you John in five years or three years then nobody can hold it together , there will be massive bankruptcies around the world systemic collapse , the whole system will collapse .... - in Reuters TV interview
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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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