JIM ROGERS BLOG: 06/09/11

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?”

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).

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.”

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)

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%.