JIM ROGERS BLOG: 01/17/14

Central bankers are Rock Stars today

100 years ago you could not have named the head of most central banks in the world. Now they're all rock stars. Everybody knows them, but that's only a phenomenon of the last 20 years, when central banks have been pumping money into the markets and everybody's singing hallelujah.[Eventually in the future] people will realize that these guys have led us down a terrible path. The Fed balance sheet has increased by 500 per cent in the last 5 years and a lot of it's garbage.

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).

Rogers on the Fed's next move

The US went up because people said, 'Now it's done, we don't have to worry anymore.' But somewhere along the line, markets are going to start suffering. They'll taper until the markets start hurting and then they'll panic and loosen up again. They've got themselves in a terrible box.

This may destroy Japan's economy in future

The Japanese Central Bank has said that it will print unlimited amounts of money. That's their word and they're doing it. When people look back 20 years from now they'll say that's what killed Japan, but in the meantime, all the staggering, unlimited amounts of money have got to go somewhere and it's going to go into Japanese shares.

Rogers on India's huge trade deficit

They've [India] got a huge balance of trade deficit and the three largest parts are oil, gold and cooking oil. They cannot do anything about oil or cooking oil, so they're attacking gold, blaming their problems on gold. Gold has not caused their problems, gold is a symptom of their problems, but politicians are pretty simple-minded people and they look for the easy answer.

Stocks do not always go up

Do not buy the hype from Wall St. and the press that stocks always go up. There are long periods when stocks do nothing and other investments are better.

Jim Rogers worries about Japan population

If the current birth rate, which is the lowest in the major developed countries, continues, there will be no Japanese. Who will pay the enormous debt?

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).

Friday, January 17, 2014