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%.

Wednesday, March 17, 2010

China-U.S. Closer to Trade War

Tao Says China-U.S. Closer to Trade War Than Recent Past


March 18 (Bloomberg) -- Dong Tao, a Hong Kong-based economist at Credit Suisse AG, talks with Bloomberg's Haslinda Amin about U.S. calls for a stronger Chinese yuan and the outlook for trade between the two countries. Five senators including Charles Schumer of New York and Lindsey Graham of South Carolina introduced legislation March 16 to make it easier for the U.S. to declare currency misalignments and take corrective action. Tao also discusses the outlook for China's economy. (Source: Bloomberg)

Jim Rogers : We are going to run out of trees in the world if they keep on printing money at this rate CNBC 17 Mar. 2010

Jim Rogers :there are any trees left if they keep on printing money as they have been doing lately


Jim Rogers : I have not bought any shares anywhere in the world since November 2008 then I bought Chinese shares
"They are pouring huge amounts of money into the market The central banks around the world they are printing money as fast as they can that money got to go somewhere and one of the places it goes is the stock market around the world not only in the US or the west ,
I do not pay any attention to the federal reserve at all , they are a bunch of bureaucrats , they have been dead wrong in nearly everything for years , this particular group on the FED , they have been dead wrong for decades ...
"We're going to have another recession, I guarantee you... By 2012 say, it's time for another recession," Jim Rogers, chairman of Rogers Holdings, told CNBC Wednesday. "The next time it's going to be worse because we've shot all of our bullets," he added.
The Chinese renminbi may replace other currencies in 20 years, but it is "absurd" to think of this now, as it is still a controlled currency, he said."There are two bubbles in the world: one is in Treasurys, the other is in urban and coastal real estate in China," Rogers also told CNBC












Jim Rogers president of Rogers Holdings is George Soros former partner and co-founder of the Quantum Fund, and a truly legendary international investor who helped generate a 4,200% total return over a 10-year period .Jim Rogers is always bullish on Asia Commodities Agricultural Products gold and silver






China Currency and Trade Wars

US China Trade war


U.S. Treasury wants China to raise its currency and Senators are back with a protectionist trade threat against China. From the Kudlow Report. Evening March 16.



Webster Tarpley : US and UK want to sabotage China economy

It is election year demagogy by a bunch of banckrupt law makers who are trying to blame US depression on the Chinese says economist Webster Tarpley


Economic tension between America and China could get even worse thanks to a draft bill going through the U.S. senate. If passed, the legislation would mean penalties being imposed on China if it fails to revalue its currency. But American author Webster Tarpley says America is just trying to sabotage the strength of China's growing economy.
The US senate wants to level the playing field with China as they introduce a new bill aimed at controlling foreign currencies. The senate introduced legislation today that condemns currency manipulation by foreign governments as an unfair subsidy and would slap those governments with US trade restrictions.




Jim Rogers deeply skeptical of India's future

Jim Rogers

India Will Muddle Along Until The Debt Crisis Hits


After all the budget euphoria, it is time for a reality check. Investor and venture capitalist Jim Rogers remains deeply skeptical of India's future. In an interview with S. Srinivasan, he argues that the country is sitting on a fiscal time bomb.

Forbes: The finance minister has changed the direction of India’s budget deficit by reducing the target for 2010-11 to 5.5%.
Jim Rogers: You really believe it will happen? Go back over the years and see their previous claims.

He has got a lot of praise for that in India. Still you are not impressed. Why?
Jim Rogers : Even if it happens, it is not being done by sound budgeting. It is from selling off the family jewels, if it happens
Don’t you think a high deficit was justified last year when the government had to spend and help the economy revive?
Jim Rogers : No. They are just trying to push the problems out into the future rather than solving the underlying problems. Do you really think the solution for a problem of too much debt and too much consumption is more debt and more consumption?
read full interview
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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