Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.

Monday, February 1, 2010

China threatening sanctions on US for supplying arms to Taiwan

Tensions between China and The US are part of a cycle says expert Philip de Leon


President Obama approved a $6 billion arms sale to China, for the first time in the history of Chinese - US relations. The Communist State is threatening to impose sanctions against US companies that supply Taiwan with arms. Dina Gusovsky discuss the new arms deal with Philip de Leon, who says this is a part of a cycle; from calm to tense relations between the two nations.

Jim Rogers on agriculture bio-fuels and seed technology

Jim Rogers

You’ve mentioned that you’re a major investor in agriculture, which over the past few years has been prone to serious government interference. How do trade barriers impact your overall trading strategy?
In the end, all trade barriers just make [shortages] worse. Look at the Philippines, they started putting up trade barriers and price controls and because of that they ran out of rice. Politicians love price controls, it’s not them out in the fields working 14 hours a day. And the consequences: the Philippines had to get handouts. If you have your own rice you’re better off. [As the situation escalates] it usually turns into a bubble — which is how it will work out this time — and people who have food will make a lot of money, because in the end, when the politicians are done blaming the speculators, and the store owners, and the farmers, the only way to deal with this problems is to raise prices and give people incentives to go out there and produce the food.

How much does agricultural innovation, such as bio-fuels and seed technology play into your strategy?
Well, bio-fuels raise prices. Politicians love it because they can buy votes – curse Middle-easterners. But as long as there is interest in bio-fuels it will continue to drive demand. It also makes the water problem worse.
via China International Business
Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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