Jim Rogers The Icelandic volcano Katla Eruption could be a disaster for world Economy

Jim Rogers : If Katla Blows it is going to change everything we are talking about here today

Katla is the second bigger Icelandic volcano Jim Rogers rightfully is worries about Katla which usually blows right after the smaller volcano blows , if the smaller volcano was enough to disrupt all the flights across Europe and hence cause billions of dollars in damages , we can only imagine the catastrophe that will occur if Katla the biggest volcano decides to blow ...Jim Rogers :"the thing that I got most on my mind is Iceland , because if Katla , the big volcano blows and it has blown every hundred years for thousands of years and frequently it always blows after the small volcano blows if that happens you gonna see a lot of disruption in the world economy and you gonna see agriculture , I mean you better buy all the agriculture you can if that happens , I have no idea if Katla is gonna blow , but if Katla blows it's gonna change everything we are talking about here today "
just on a side note the real name for the Icelandic volcano is Eyjafjallajokull but as nobody that is not an icelandic seems to be able to pronounce it it is good that jim Rogers have found a better and shorter name or that volcano 'Katla'
The topmost issue on Jim Rogers' mind right now is whether the second, bigger Icelandic volcano Katla will erupt. Rogers, chairman of Rogers Holdings & Kirby Daley, senior strategist at Newedge Group, tell CNBC's Bernard Lo, Martin Soong, Sri Jegarajah & Karen Tso how they are investing to hedge against this risk.







Jim Rogers president of Rogers Holdings is a successful hedge fund manager, investor, writer and regular media commentator. In the 1970's he co-founded with George Soros the Quantum Fund, a private investment partnership which invested in commodity futures, among other investment vehicles, and experienced superior returns over 10 years. 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 . Rogers has been chronicled in John Train's “Money Masters of Our Time”, Jack Schwager's “Market Wizards” and other books. He is the author of several books on investing and the market, and in December of 2004 published “Hot Commodities: How Anyone Can Invest Profitably in the World's Best Market”. Jim Rogers once said about investing in commodities :"Investing in commodities can be a hedge against a bear market in stocks, rampant inflation, even a major downturn in the economy. In fact, I believe that investing in commodities will represent an enormous opportunity for the next decade or so.”
Jim Rogers Commodity Index Rogers International Commodity TRAKRS , trades on the Chicago Mercantile Exchange under the ticker symbol RCI. The RCI represents the U.S. dollar value of a basket of 35 commodities consumed in the global economy both in developed and emerging markets

Jim Rogers on peak oil theory

Doing simple arithmetic will tell you that in 20 years, there won’t be any oil at any price.

Jim Rogers : "I have no idea. I know that known reserves of oil are in decline. There’s not much question about that. There may be gigantic amounts of oil out there somewhere, but we don’t know where. But even if it’s there, if it’s in the middle of the Pacific Ocean, that’s not doing us much good because it will take decades and staggering amounts of money for it to come onstream. I know that known reserves of oil have peaked, yes. But whether total reserves of oil have peaked, I have no way of knowing—I’m not a geologist and I’m not smart enough."
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