JIM ROGERS BLOG: 12/09/13

Monday, December 9, 2013

I'm Extremely happy in Singapore

Singapore is certainly a very developed country, its an astonishing success story over the past 40 years. Everything works, Its got great healthcare, great education, I'm extremely happy living in Singapore, my kids love it, my wife loves it. We're keen on Singapore.

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).

We are all going down eventually with the kicked can

The way the system works is when you fail, you fail, and you start over. In America we dont do that anymore and we are kicking the can kicking down the road. And when the can goes over the side, we're all going to go with it.

Market could continue rally for a while

I cannot see a crash anytime soon. I can see corrections, I can see the markets going down a bit and for a while, but with all the money printing everywhere in the world, and with no spending constraints by Congress, this could go on for a while.

China will be affected by the Western world

Jim Rogers on Chinese economy and if it will be affected by what happens in the West. America is the largest economy in the world, Europe as a whole is an even bigger economy, Japan is big. When you put America, Europe and Japan together ofcourse if they have problems China will have problems. China is 1/10th (one-tenth) the size of those economies. They are going to be affected by whats happening in the Western world.

Not Optimistic About India

I am not very optimistic about India. It is a wonderful country but has not been managed very well for decades. There is always money being printing around the world and some of it is going to slosh into India. Some of it is already sloshing in, but as far as the economy is concerned, India needs new politicians.

India is Doing it's Best to Kill the Gold Market

I am not buying gold. I own gold. I have owned gold for many years. Part of the reason that I am not buying now is that gold went up for 12 years in a row, which is extremely unusual for any asset. I suspect that the consolidation or correction in the gold market is going to be an anomaly as well. India is doing its best to kill the gold market. India is trying to make sure that Indians do not buy or import any more gold. They (Indian government) is trying to figure out what will make Indians sell gold. While the Indian politicians are fooling around with the gold market (that is another reason that I am not buying), if gold goes down under $1000, I hope I am smart enough to buy a lot more. - Jim Rogers via the Economic Times:

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).

The Way The System Works

It`s pretty simple. The way the world has worked for a few thousand years is, when people get into trouble, they fail, competent people come along, reorganize the assets and start over.

In America and in the West, what they said was, "No, no. We are going to let the incompetent people take over the assets from the competent people and then let them compete with the competent people." The japanese tried this in the early nineties, the japanese had two lot decades. It is not going to work. In Scandinavia, in the early nineties let people go bankrupt, they had a horrible two or three years but since they they grown dramatically over the past 15 or 20 years.

The way the system works is, when you fail, you fail and you start over. In America we do not do that anymore and we are kicking the can down the road.

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).

50 Or 60 Years of Excesses in America

We are just making the situation worse. the debt is going higher and higher, the money printing is going higher and higher. We have had 50 or 60 years of excesses in America. You have to pay the price someday, wether we like it or not. The longer you delay the day of reckoning, the worse the day of reckoning is going to be.

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).

The U.S. Would Be Better Off Without A Central Bank

Countries without central banks can have problems too, don`t get me wrong. It`s just that this central bank (the Federal Reserve) is going to make our problems worse in the end. We would be better off without a central bank, than this central bank, even with the problems of no central bank.

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).

Eventually the Global Financial System Will Collapse

"Eventually, the whole world will collapse. We in the West have staggering debts. The U.S. is the largest debtor nation in the history of the world. Central bank easing is artificially propping up global economies now. This isn't going to last. When it ends, the bull market in commodities will probably end too, but the bull market in a lot of stuff will end." - in CBC

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).