JIM ROGERS BLOG: 10/25/13

Friday, October 25, 2013

Buying Disaster is The Best way to Invest

Certainly buying disaster has usually been a good thing to do. - in a recent video 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).

Few Americans Know What Quantitative Easing Is

It`s pretty astonishing to me, there was a poll done recently, and very few americans even know what Quantitative Easing is. Very few americans have any clue about the debt situation. They just don`t know. So in circumstances like that, it`s fairly easy, if someone goes on TV with a nice suit, a nice hair cut and says "The sky is blue." Well, everybody says, my goodness, the sky is blue. They don`t even bother going to look out the window to see if its blue.

Savers did not buy 4 houses with no money down and no job

People who saved their money, invested, did not buy 4 houses with no money down and no job. These people are being wiped out at the expense of the people who did. And the reason is, there are more of them, than people who save and invest. Historically this has always led to a disaster for a country. You wipe out the people who save and invest and your country becomes a basket case.

Gigantic Ocean of Liquidity

This is the first time in recorded history that we have all the major central banks, all the major governments actively debasing their currencies. Japan has said it will print unlimited amounts of money. So Ben Bernanke said, "Wait a minute, we can throw in a trillion dollars a year." And the Europeans said they'll do "whatever it takes." There's a gigantic ocean of liquidity, and the people getting that liquidity are having a wonderful time. But it's totally artificial, and it's going to end badly when it ends, I assure you. - Jim Rogers via Barrons: