Jim Rogers: The Revenge of the Farmers in Business

Jim Rogers : In the agriculture business it's been such a horrible business because we have shortages of everything , for the last thirty years you now have a shortage for fertilizers seeds and tractors , we have shortage of tractor tires even now because it's been such a terrible business and nobody is investing , we have shortage of farmers , most farmers in the world are old men because it's been such a terrible business . All these agriculture and mining schools can be full of people because that's where the great professions are going to be , farming is going to be one of the greatest businesses sectors professions of the next thirty years , go get yourself a mining degree instead of a business degree if you do not want to be a farmer because that's where the great fortunes are going to be made in the next ten twenty thirty years The paper shelving on Wall Street and the City of London is finished , throughout history we had major shifts , we had periods where the financial community has been at the center of the world we also had long periods where agriculture or mining the people who produce real goods have been at the center of the world , we are now in a period of gigantic shift where we are shifting from Wall street financial ties to the people who produce the real goods and for the next twenty thirty years it is going to be those people who are going to be in charge

Bearish on American education

Jim Rogers : “I'm short American technology, Europe and emerging markets,”

“I'm also bearish on American education, but I haven't figured out how to short Princeton.” - in Market Watch

Bond portfolio managers should start looking for a different line of work

Jim Rogers : “The 30-year bull market in bonds is about to come to an end,” “Bond portfolio managers should start looking for a different line of work.” - in Marketwatch

The U.S. dollar has started fading as the world's reserve currency

“The U.S. dollar has started fading as the world's reserve currency,” Rogers said, assailing what he called the U.S. government's de facto policy of devaluation. “However, the dollar could get a temporary boost if the government allows U.S. companies to repatriate their overseas cash without onerous taxation,” - in Marketwatch

CNBC Video Interview: October 11th

Global Investor Jim Rogers, Rogers Holdings chairman weighs in on global market risks and whether investors should beware of commodities.

Trade war with China can be very dangerous

We had a trade war in the 30`s which led to the Great Depression. We already have small signs of trade wars breaking out, Brazil, France, other places...now America. This can be very dangerous in the end. - in RT America

In The Two Largest Economies In The World, We Have A Dismal Outlook

Jim Rogers : In the U.S. and Europe, the two largest economies in the world, we have a dismal outlook. Naturally, that is going to affect all the emerging markets. Some of the emerging markets of course are making things worse for themselves. The Brazilians put on currency controls, the Brazilians started a possible trade war. So they are not contributing to good things.

Investors use too much leverage

Jim Rogers : Investors make the same mistakes investing in anything. They use too much leverage. The great advantage of commodity investing is you can use enormous leverage. The great disaster of commodity investing is you can use enormous leverage. Everybody in the world has a story about a brother-in-law who went broke investing in soybeans. But you don’t have to invest that way. - in CommodityOnline

Gold will move into bubble eventually

Jim Rogers : I have no idea. Gold will move into bubble eventually. All long-term bull markets in every asset wind up in a bubble at the end. So I don’t know. I guess it’ll depend on the bubble. I mean if the US dollar goes confetti there is no top. It depends on how the bubble develops. I fully expect a bubble. Not for a few years but all bubbles look the same. And I hope I’ll be smart enough to recognize the bubble when it comes. - in GoldSeek Radio

We cannot quadruple our debt again

Jim Rogers : You know, the American economy has had an economic slow down every four to six years since the beginning of time. So we’re overdue at the end of 2011/2012/2013. I don’t know when it will come but I know it will come. It always has. And when the next slow down comes Americans are in serious trouble. America shot all its bullets. We can’t quadruple our debt again. You know, if you take in all the off balance sheet guarantees and assets, we have a huge debt problem facing us. And if we try to do that again the market is not going to let us. Likewise, we cannot press staggering amounts of money again. The market is not going to let us. So the next time around is going to be worse than the last time. - in GoldSeek Radio