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%.

Thursday, September 16, 2010

Soros: China the winner after The Financial crash

Sept 15 - In an exclusive interview with Chrystia Freeland, George Soros says that China is the winner after The Financial crash rising very rapidly because the west is sinking the shift of power is phenomenal I have never seen anything like it and I think it is difficult to find a parallel Soros explains ,because for the rise of a new power it takes decades and it is happening here in much shorter time...this is a very difficult relationship to manage but it is very important that it should be managed because the world can't afford the world economy falling apart...so great tensions and particularly with regard to the currency , because basically China has been so successful because it discovered a fabulous machinery , fabulous mechanism for scheming the surplus value of Chinese labor to the benefit of the state it's the undervalued currency , it is like taxation except that it is not taxation because people in china work very hard trying to get rich then their labor is harvested sort of to speak through an undervalued currency for the benefit of the state and that is what made China so successful..........

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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