Jim Rogers: Obama is going to do the same thing he was doing before

 ET Now: Barack Obama has been re-elected as US President. What is the approach you think he will take on the issue of the fiscal cliff?

Jim Rogers: I do not think it will make much difference at all. I am sure Mr Obama currently being re-elected is going to do the same thing he was doing before. He had congress and the senate more or less the same. So it is going to be the same. More money printing, more deficit spending and more problems for all of us. You should be worried, and I am worried.


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%.