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%.

Wednesday, May 14, 2014

The FED Monetary Policy : It’s a disaster for all of us, for the whole world




HAI: I’m curious as to your thoughts on Federal Reserve monetary policy. We saw another tapering of the Fed’s QE program last week. Do you think they did the right thing with all this quantitative easing, and do you think there will be repercussions now that they’re ending it?


Jim Rogers: It’s a disaster for all of us, for the whole world. They never should have done it in the first place. Because they are bureaucrats and academics, they didn’t know what else to do. It’s going to be terrible. Never in the history of the world has debasing of currency been good in the long term or the medium term. Sometimes it has helped in the short term, but it’s certainly not going to be good for us in the long term.
And this is the first time in recorded history when you’ve had all major central banks printing money at the same time, so when this ends, it’s going to be a disaster for the whole world. - in HardAssetsInvestor



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 "
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