The JIM ROGERS BLOG: June 2011

Wednesday, June 29, 2011

The Euro is in a much better fundamental situation than the US Dollar

Jim Rogers : " I am delighted to see that , I still own the Euro it is one of the currencies I own , my main portfolio is I am long commodities and currencies , that's one of them , The Euro is in a much better fundamental situation than the US Dollar which I also own , I mean the Euro has a balance of trade surplus for the most part it is not a large debtor entity , it got some debtor entities within it , but the Euro is not such a disaster " regarding the Greece crisis Jim Rogers says "throughout history when countries got into this kind of situations the longer you delay the reality , the longer you delay the inevitable the worse it is in the end look at Argentina twenty years ago , let Greece go bankrupt , trying to bail them out or prolong the agony is going to make it worse " - in Bloomberg Interview 29 June 2011

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Obama Should Resign Before Inflation Sparks Unrest

"Obama should do is take an ax — no, not an ax — take a chain saw to spending in the U.S.”
“we have got to balance the budget. We have got to pay off the debt, somehow, someday.” Jim Rogers told Bloomberg Business Week , " Obama Should Resign Before Inflation Sparks Unrest" Rogers added

Jim Rogers Bloomberg latest Interview - 29 June 2011

Jim Rogers Bloomberg latest Interview

Jim Rogers is a bestselling author, financial commentator and successful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Tuesday, June 28, 2011

China can save Europe

"China can save Europe" legendary investor and author Jim Rogers told Russian TV RT. "They become the savior, they become the large creditor for Europe," "They are going to have a very major seat at the table. It is going to improve their position in the IMF. It is going to improve their position with the World Bank. It is going to improve their position at the UN because the Europeans are going to be more and more friendly to China, because China is saving them."

"The Chinese have huge international reserves ... over three trillion US dollars in various currencies." Rogers added. "Internally, yes, they have had too much inflation and they are trying to cool that inflation off, but their international situation -- they have got lots if liquidity and can do whatever they want."

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Friday, June 24, 2011

I am terrified every time Ben Bernanke speaks

I am terrified every time he speaks (Ben Bernanke) do you hear some of the stuff he says ,do you see a grown man say that out loud but he does I think he actually believes it " " I am stunned that they would say some of the things they say in Washington and expect people to believe them and to listen to them especially Mr Bernanke , Mr Bernanke who has been wrong every time he has opened his mouth in the seven or eight years he has been in Washington , you know if I came to your show or came to Reuters every month for seven or eight years and I was always wrong never right you probably wouldn't invite me back anymore , and yet people still invite him back " "Firstly I would get rid of the FED and secondly I wouldn't listen to him " Jim Rogers says in Reuters Thomson Interview

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Tuesday, June 21, 2011

Few People Have Gotten Rich Off Technical Analysis

There are some who speculate mainly on the basis of commodity charts and technical analysis. They swear by various mathematical models and theories. Good luck to them. Frankly, in my experience, I`ve known few people who have gotten rich off technical analysis. - in his book Hot Commodities

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Bernanke and QE3

"I hope he doesn't come back with QE3 but that's all he knows. The only thing he knows is to print money." - in CNBC

I am not long anything in the U.S

"I am not long anything in the U.S." - in CNBC

We Have Troops In 150 Countries They’re not doing us any good

"We’ve got troops in 150 countries around the world. They’re not doing us any good, they’re making enemies. They’re costing us a fortune" - in CNBC

America Should Have Been Downgraded Years Ago.

They should have been downgraded years ago. The rating agencies have gotten it wrong for 10-15 years now. America is bankrupt. What are they talking about? - in India Economic Times

OPEC is running out of oil

OPEC always comes to a consensus verbally when it has public relations announcements, but they are always cheating on each other. I don't pay too much attention to OPEC, because OPEC is running out of oil just like the rest of the world. Don't waste your time watching OPEC; I guess you have to, because you have to have something on TV. But OPEC is not nearly the force it used to be. The market is much more important. - in Economic Times

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Bernanke to end QE2

"Bernanke says he's going to stop QE2...I take him at his word since he's said it so many times." - In Yahoo Finance

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

India: An Astonishing Country To Visit, A Nightmare To Invest.

"India is an astonishing country to visit but as a place to invest, it's a nightmare." - in Recycling Today

I Assure You, China's Not Going To Be Communist Ever Again

As recently as 1907 America went bankrupt. The whole thing, Washington... J.P. Morgan had to step in and bail everybody out. China is going to have that kind of problem. Will it lead to an overthrow of the government? I doubt it, but let's suppose it does. They're not going to bring back Mao Tse-Tung. They're going to be throwing out the communists. Mao Tse-Tung's not coming back, I assure you. China's not going to be communist ever again. - in The Wall Street journal

Canada is a very attractive country

"Canada is a very attractive country these days for many reasons. They've done a much better job than the US has over the last 15 to 20 years." - in The Seattle Times

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I dont buy gold at an all-time high

I don't want to buy gold, it's at an all-time high. I'd prefer it to correct and go down and if it goes down and silver goes down, I'll be buying more. - in Economic Times

The Economy Will Not Recover Until We Accept Reality

"The US economy will not recover until we accept reality, stop spending money we don't have, go down to a lower level, and start over." - in GuruFocus.com

97% Of People Are Bearish On The Dollar

Because everybody's bearish, including me. I read something like 97 percent of people are bearish on the dollar. I am one of those 97, so I bought dollars. - in The Ratigan Show

Why Should The Germans Pay For The Greeks?

Why should a good, honest German taxpayer, a guy who saved his money, suddenly get a bill from the German government saying you have got to pay for some Greeks sitting on the beach drinking ouzo? That's absurd. - in Business Week

We Need To Cut Spending

“We need to cut spending, we need to get rid of the deficit, we need to do something about the madness of those people in Washington.” - in Bloomberg.com

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Greece is bankrupt we should recognize reality

Jim Rogers Interview CNN Money 20 June 2011, The legendary investor sees more troubling times for the global economy and says he is staying away from stocks for the foreseeable future. : "...Greece is bankrupt and the sooner we regognise that and do something about it the better , some of the politicians in Europe are just trying to push it down the road , eventually we gonna have to bite the bullet and some banks and bond holders are going to lose a lot of money , it's not the end of the world it is losses but it is not the end of the world .." "Take the losses, reorganize and start over " Jim Rogers added

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Monday, June 20, 2011

I will own gold till the mania sets in

Jim Rogers : I will own gold till the mania sets in. I hope I am smart enough to recognise it when it comes and sell it then. I will see when it’s a bubble, wait a while for the bubble to burst, and then I will sell. I hope I am smart enough not to sell it until the bubble occurs. But, who knows that price? It could be any absurd price.

People who cannot spell commodities shouldnt own any

Jim Rogers : That’s impossible to answer. People should have owned 100 per cent of their portfolio in gold in the last decade. It depends on what’s going to happen. If you don’t know anything about gold, you probably shouldn’t own any. If you know a lot, your portfolio will reflect your view of gold. I own few stocks. I mainly own commodities. But I think I know a little bit about commodities. People who cannot spell commodities shouldn’t own any.

Governments have become net buyers of gold

For most of the past 20 years, governments have been selling gold. But in the last year or so, they have realized that prices have risen a lot. Governments should become net buyers of gold as they see what I see—paper money being debased, currency problems and inflation. Many countries, including India, have started buying gold. India did a good job by buying gold. - Jim Rogers in money.outlookindia.com

Sunday, June 19, 2011

Yahoo Finance - Economic Outlook 14 June 2011

"I would abolish the FED and resign" says Jim Rogers when asked what would he do if he was Ben Bernanke ; "we had three central banks in America the first two disappeared , this one is going to disappear because between Greenspan and Bernanke they have taken on a staggering amount of debt owned to the balance sheet , junk a lot of it is junk and eventually it is just going to disappear because it is going to go bankrupt they are not doing what's good for the world , first of all they have taken on this huge debt which you and I would have to pay and everybody watching this show " " and secondly they have printed all this money , we would have problems without a central bank but it is better without a central bank than with one that is like this " " we have to recognise the facts we are the largest debtor nation in the history of the world until we at least face that reality and realize that we have been printing a lot of money and start toi deal with that it is just going to get worse"

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Silver could hit $150 this year

"I own silver, but if it keeps going up, it could turn into a problem if it goes parabolic," If it hit $150 it would look "very dangerous" says Jim Rogers
"I do not have any prices in my targets. If suddenly World War III breaks out, then I would not sell silver at $200 this year. So it depends on what is happening and what is causing this," he said.

"I certainly hope silver goes down for a while. If it goes down, I hope I would buy more, and if it goes up too much too fast, then I have to sell."

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Saturday, June 18, 2011

Greece is bankrupt the rating agencies are right

Thursday, June 16, 2011

Jim Rogers - The Ratigan Show June.16, 2011

Jim Rogers : "...My goodness what are we wasting our time on some congressman about when the world is facing disaster here and abroad , we are the largest debtor nation in the history of the world Dylon we got to do something about it , Greece is banckrupt the rating agencies are right they will not be able to pay , somebody better getting prepared even if it is just the viewers of your network getting ready to protect themselves "

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Wednesday, June 15, 2011

The OPEC always cheating on each other

"They always come to a consensus verbally and when they have public relations announcements, but they are always cheating on each other. I do not pay too much attention to OPEC because OPEC is running out of oil just like the rest of the world. Do not waste your time watching OPEC, I guess you have to because you have got to have something on TV, but OPEC is not nearly the force it used to be. The market is much more important." Jim Rogers in ET Now

Long The US dollar

"At the moment, I happen to be long US dollars because everybody is so pessimistic about it, including me. So when I see that 95 or 98% of the people are bearish on something, I stepped in and bought. I own the US dollar. I do not know how long I will own it. If it goes up, I am sure I would sell it. If it goes down, I would probably sell it and take my losses. But it is only because there are too many bears at the moment." Jim Rogers in ET Now

European Central Bank ECB interest rates

"I hope that he will raise interest rates. I wish Mr. Trichet would be running the American central bank, at least he knows if there is inflation in the world. The Indian central bank is doing a better job. The European Central Bank is doing a better job than the American. I hope he raises interest rates. It will be good for Europe, it will be good for the world." Jim Rogers in ET Now

Tuesday, June 14, 2011

Jim Rogers Video Interview ETNow 13 June 2011

Jim Rogers chairamn of Rogers holding was Interviewed ETNow this Monday 13 June 2011 do not pay attention to OPEC it is not nearly the force it used to be they are always cheating on each others ...we are running out of known reserves of oil unless somebody finds a lot of oil and quickly the price of crude oil will go higfher and stay high says legendary investor Jim Rogers

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Governments should become net buyers of Gold

For most of the past 20 years, governments have been selling gold. But in the last year or so, they have realised that prices have risen a lot. Governments should become net buyers of gold as they see what I see—paper money being debased, currency problems and inflation. Many countries, including India, have started buying gold. India did a good job by buying gold. - Jim Rogers in money.outlookindia.com

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Monday, June 13, 2011

The need for Diversification

It doesn’t matter in which part of the world you look for investments: you must know what you are doing. Find investments you know a lot about. I happen to think that commodities are the better place to be in right now. If people can’t spell commodities, they should not buy them. Some who know a lot about rice might put all of their money into rice. You should not do anything you don’t know. - Jim Rogers on the need for Diversification

The West vs Asia

The West is going to continue to decline, and Asia will continue to rise. The key is to try to find areas that are not affected by the West. - Jim Rogers

Investors should only enter areas that they know a lot about

Investors should only enter areas that they know a lot about and only if they find good opportunities. Otherwise, they should do nothing. - Jim Rogers

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Sunday, June 12, 2011

Silver price target

"I do not have any prices in my targets. If suddenly World War III breaks out, then I would not sell silver at $200 this year. So it depends on what is happening and what is causing this," in CNBC

UK coalition government need to cut costs further

Jim Rogers : "They (UK government) are not doing it. They are saying they are doing it but they are not. They are saving £1bn here or there but they are not doing what they really need to and I am not sure the government would survive the kind of pain that is really required. "
in www.investmentweek.co.uk

Saturday, June 11, 2011

Obama should take a chainsaw to spending and cut it dramatically

" what he should do is take an axe , no not an axe take a chainsaw to spending in the United States and cut it dramatically , we got to balance the budget we got to pay off the debt somehow someday " Jim Rogers told Bloomberg in an interview yesterday

Jim Rogers shorting a big American Bank

Jim Rogers : I am long commodities I am long currencies , I am short emerging markets and I am short technology stocks and I am short one US Bank , but Jim Rogers does not want to say the name of this Big US banks "too many friends out there I'll keep my mouth shut " he explains it's a big big big banks he added I am long commodities I am short emerging markets I am short american technology and a Bank !!! many believe that the bank that Jim Rogers is shorting could be Goldman Sachs.....

Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Gold to Go over $2,000 In The Next Decade

"Gold has been going up for 10 years. Countries are debasing currencies by printing more money and the metal’s mine supply is not increasing. People are more interested in commodities of all kinds, including gold, to protect themselves from inflation." "I am not a great timer of the market, but I certainly expect gold to go higher over the next decade, in excess of $2,000." Jim Rogers in www.money.outlookindia.com

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)
Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

Friday, June 10, 2011

The UK will need a bailout soon

"How can the UK ever repay the debt that is continually rising? The UK will need a bailout soon. You have the advantage that your debt is longer term but let us assume the government keeps to these austerity plans or really puts them in place - people will start to complain." Jim Rogers in www.investmentweek.co.uk

Thursday, June 9, 2011

Ratings agencies

“Those are the people who have totally fouled up the last ten years…you’re going to listen to them?”

Future issues

“I don’t mind if China has civil wars, epidemics, panics, etc, they can recover from that, the only problem they can’t recover from is water. If China doesn’t resolve its water problem that’s the end of the story.”

p>Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

The commodities boom

“I do [see the boom continuing], but we have a shortage of agriculture (in the US and the UK), farming has been a disaster. Unless something happens quickly food prices will go up. Somebody has to invest in agriculture, the average age of farmers in America is 58 yrs old.”

Commodities speculation

“I would prefer for somebody to help the farmers drive prices higher, otherwise we’re not going to have any food. The inventories of food are among the lowest in historic times. Regulations are only going to make the situations first.”

China demographic problems

“Japan is in worse shape, Italy, Spain, also have serious demographic problems, China does too though. But, they are changing they’re one child policy, I presume there are a lot of off-shore Chinese that will come back when things get better.”

America is not what it used to be in the 1930s

Jim Rogers : "just look it up you had people marching on Washington in the 30s and camping at the white house because they were really angry and very upset , now in the 30s America was much more disciplined it is very unlikely , in this decade , America is not nearly as disciplined as we were in those days now everybody expects a free lunch , in the 30s nobody expected a free lunch they were willing to work they were willing to do whatever they could to get money and food we do not have that nation anymore " - in Fox News Insider Jun 9, 2011 with Glenn Beck

)Jim Rogers is a bestselling author, financial commentator and sucessful international investor. Rogers was a co-founder of the Quantum Fund (considered to be the first truly international fund of its kind) and is the creator of the Rogers International Commodities Index (RICI).

The rating agencies have been wrong nearly about everything

Congressmen should take a chainsaw when cutting spending

Jim Rogers : ."..what are the rating agencies doing , America is already bankrupt , the idea that it is still a triple A credit and that it may lower it is just absurd , these rating agencies have been wrong nearly about everything in the past ten or fifteen years do not pay any attention to them , US is in terrible trouble , congressmen should be worried about that not about what the rating agencies are saying "

" they should cut spending dramatically they should take an ax , no a chainsaw , they should take a chainsaw when cut spending , America is is going down the tubes we are the largest debtor nation in the history of the world Laureen , this is a very serious things going on around and we are just watching ourselves sinking to the sea..." - in RT America

Jim Rogers video Interview RT America

Jim Rogers says that the congress should take a chainsaw when cutting spending , America is already bankrupt they should not care much about the rating agencies triple A rating , the rating agencies have always been wrong in the last decade jim rogers says . America is the largest debtor nation in the history of the world. As the country goes deeper into the hole, how worried should we be? Congressmen shouldn't be worried about our credit rating, says Quantum Fund's Jim Rogers. America is already bankrupt, he says, and the only solution is to cut spending dramatically by "taking a chainsaw" to the budget. Unless something is done quickly, says Rogers, a disaster is imminent.

US Is Nearing Even Worse Financial Crisis than 2008

“The debts that are in this country are skyrocketing,” “In the last three years the government has spent staggering amounts of money and the Federal Reserve is taking on staggering amounts of debt.

“When the problems arise next time…what are they going to do? They can’t quadruple the debt again. They cannot print that much more money. It’s gonna be worse the next time around.” - in CNBC

CNBC Video Interview

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, June 8, 2011

We have a shortage of agriculture

“I do (see the boom in commodities continuing), but we have a shortage of agriculture (in the US and the UK), farming has been a disaster. Unless something happens quickly food prices will go up. Somebody has to invest in agriculture, the average age of farmers in America is 58 yrs old.” - in wallstcheatsheet

Great fortunes will be made in agriculture & alternative energies

Great fortunes will be made in agriculture and alternative energies, such as solar power and wind, over the coming years, Jim Rogers in Bloomberg

US Bonds Bull Market coming to an end

“Bonds in the U.S. have been in a bull market for 30 years,” “In my view that’s coming to an end.” “I am not shorting bonds right now” because 95 percent of the market expects them to decline, Jim Rogers told Bloomberg

Currency Turmoil by 2013

“I expect to see more currency turmoil maybe this fall, and more turmoil by 2013,” Jim Rogers in Bloomberg

Monday, June 6, 2011

Food shortages worldwide

"Farming has been a disaster, and unless something happens very quickly, we're going to have no food in a number of years." - in BBC Hard Talk

Sunday, June 5, 2011

China water problem

Jim Rogers : “I don’t mind if China has civil wars, epidemics, panics, etc, they can recover from that, the only problem they can’t recover from is water. If China doesn’t resolve its water problem that’s the end of the story.”

The US and the UK are bankrupt

Jim Rogers : “Where am I going to put my money, the United States, the U.K, their bankrupt!”

huge setbacks in Asia

Jim Rogers : “There are going to be huge setbacks in Asia.”

money is moving into Asia

Jim Rogers ”money is moving into Asia, the money’s there.”

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

Saturday, June 4, 2011

The World doesnt need the IMF

Jim Rogers : .. That’s not what the IMF is, first of all, but even if they were, we certainly don’t need a central bank for the whole world. We never had one and the world got along pretty well for thousands of years without bureaucrats taking the world’s money. I’ve never added up how much the IMF has spent during the last 60 years but it must be a staggering amount, and for what good? I mean, we certainly haven’t gotten anything out of it. We haven’t gotten nearly as much for our money as they have spent.

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

Thursday, June 2, 2011

China Housing Bubble

Jim Rogers : "...to me there is no question in urban coastal real estate in China , but that's not China that's not the whole economy , it's much much broader than that , yes you gonna see Chinese real estate speculators going broke I assure you of that "..." In America you could buy five houses with no job no money down and the bankers took those mortgages and turned them into an even magic more debt in other words that's not happening in China , you can't buy two houses without a job , you can't buy one house with no job and no money down , it's an entirely different kind of situation " in BBC Hardtalk

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

Wednesday, June 1, 2011

China property market bubble

Jim Rogers : "You have a price bubble that will end someday -- probably this year or next if the Chinese government keeps up their nerve," "But it's not going to destroy China. Real estate developers may lose money. Banks may lose money on mortgages. But the whole economy doesn't revolve around it." in CNBC

Nearly all bull markets end in bubbles

Jim Rogers : "I hope I'm smart enough to own commodities until the bull market ends. Nearly all bull markets end in bubbles, and I hope I'm smart enough to recognize the signs." in CNBC

China going to become the next great nation

“I believe China’s going to become the next great nation in the world,” Jim Rogers

Sell your Bonds

"If any of you have bonds, I would urge you to go home and sell them. If any of you are bond portfolio managers, I would get another job if I were you, I would think about becoming a farmer.” - Jim Rogers in Uncommon Wisdom Daily

ETFs : Ishares Silver ETF (SLV), SPDR GOld ETF (GLD) iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), PowerShares Gld Drg Haltr USX China(ETF) (NYSE:PGJ) iShares FTSE/Xinhua China 25 Index (ETF) (FXI) China Mobile Ltd. (ADR) (NYSE:CHL), iShares FTSE/Xinhua China 25 Index (ETF) (NYSE:FXI), China Petroleum & Chemical Corp. (ADR) (NYSE:SNP), China Life Insurance Company Ltd. (ADR) (NYSE:LFC), PetroChina Company Limited (ADR) (NYSE:PTR), Morgan Stanley China A Share Fund, Inc. (NYSE:CAF), Aluminum Corp. of China Limited (ADR) (Public, NYSE:ACH)

The FEd and The Election Cycles

“The Fed has always been aware of election cycles and tries to make the economy good ever since the 1980s...I say that with scorn.” - Jim Rogers in OilPrice.com