Friday, April 26, 2013

America will default within thirty years

Thirty years from now America will certainly have been through a period of default. There’s more than one way to default, you can print money, pay people off, pay them off with worthless currency. You have a default. You’ve defaulted, but you’ve paid off the debts, but the people who receive that worthless money are not very happy. And that’s going to happen in the US. You’re going to see institutions that we’ve known in the US for decades are going to disappear, or totally turned over. Lehman Brothers had been around for 150 years. Bear Stearns had been around 80 odd years, or something. You’re going to see more of that. You’re going to see more universities disappearing. Some of the Ivy League schools are essentially bankrupt, or we’ll find out that they’re bankrupt. So you’re going to have huge, huge turmoil, many museums, hospitals, art galleries, many things that we’ve known and loved, are going to be in serious trouble, disappear, and in the meantime you’ll have new companies, institutions rise.

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).

Jim Rogers: Mainstreet not wallstreet the place to be

Jim Rogers: "The city of London and Wall Street are not going to be great places to be in the next two or three decades. It's going to be the people who produce real goods"

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).

Bailout Nation

The fed is taking the assets away from the competent people, giving them to the incompetent people and saying to the incompetent: 'OK, now you can compete with the competent people, with their money.' I mean, this is terrible economics. This is outrageous economics.

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).

Gold Is Going To Shake Out The Mystics

"Gold was setting us up for some kind of correction. Gold needed a correction — it still needs a correction — and I hope this is the proper correction which gold needs. Then gold — somewhere along the way — will make a bottom and we can all join in the bull market as it goes higher and higher. Gold has to go a lot higher over the next decade or so, because the world’s central banks keep printing money. Gold is going to shake out the mystics — there are still a lot of mystics in the market."

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).

Market Corrections: That’s Just The Way Markets Work

"Gold was up 12 years in a row, which is extremely unusual. I don’t know of any asset that’s gone up 12 years in a row without a down year. Equally important is the fact that gold has one correction of 30 percent - as much as 30 percent in 12 years. Now that’s very strange. Most assets correct 30 percent every year or two. That’s just the way markets work. The peculiar action in gold has been the 12 years without that correction. So it was certainly setting us all up for some kind of correction." - in Money Australia

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).

More Money Has Been Lost in Buying Gold-Mining Stocks Than Any Other Sector

Jim Rogers : ‘Some of the gold-mining stocks are extraordinarily beaten down. Many of them deserve to be beaten down. I think more money has been lost in buying gold-mining shares over the past 100, 150 years than any other sector, including airlines and railroads. If you know the right ones, or right one, buy it, or them — because somebody will make a lot of money.’ - in Money Australia

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).


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