Jim Rogers : more currency debasement and more inflation in Asia - CNN 08/10/11

Jim Rogers : here in Asia it means mass destruction of currencies and inflation everywhere this is not good for the world this is terrible terrible few are making money out of it , but this is terrible terrible news , now you have more currency debasement and more inflation ....the Renmimbi is gone up because of this and the Aussie dollar is about to rally because of it , you see the US Dollar already going down because people realize , well they are just going to print more money they are going to keep interest rates artificially low , no this is not good for America this not good for the world . ....

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%.

Jim Rogers Interview by NewsmaxTV - Aug 9, 2011

Jim Rogers : ...we had a crash Kathleen turn on your Newsmax and you will see , I would suspect whenever you see collapsing like this it is usually at least a temporary bottom , I am sure there are going to be many many more problems in the financial markets over the next few years we may have a temporary bottom at the moment , but if it rallies I certainly do not plan to buy stocks ....you should never panic when everybody else panic unless the world is coming to an end , wait until there is some kind of relief and then if you want to panic , panic when everybody else is heaving a sigh of relief Jim Rogers when asked if the US is on the brink of a Fiscal Armageddon says : on the brink ? I do not know what that mans , you mean this week ? no not this week , this decade absolutely probably sooner than this decade , it is astonishing , America is the largest debtor nation in the history of the world Kathleen , this is not good news what's going on in Washington , these guys are really really out of it , they do not understand what's happening and we are all paying the price and it is going to get worse ... I do not think we have left the first recession , if you look at the facts in the statistics , unemployment is now higher than it was before , what happened Kathleen was the government spending a staggering amount of money and te people who got that money are certainly better off and all their friends and neighbors etc , but overall the situation is worse , America more than quadrupled its debt when you take in consideration the things that they guaranteed , Bernanke printed unbelievable amounts of money the situation is worse off , ...sure the people who got the money are better off , I do not think we ever left the first recession this one long period of economic difficulty and America is going to pay the price for all these mistakes ..... we could certainly wind up in a depression if they keep making mistakes in Washington , I would not call it a depression yet , but the way the world is going and if politicians keep making mistakes it could happen again that what happened in the thirties , they turned in what should have been a normal bear market and a recession they turned it into a huge depression with mistakes , they are making plenty of mistakes this time too

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%.

Jim Rogers on Fox Business News 08 August 2011

Jim Rogers interview starts at approx 10:18 in the video

Legendary investor Jim Rogers interviewed by Fox Business News on 08 August 2011 : Jim Rogers : when the market hits bottom I will probably add more agriculture , Mr Bernanke dos not know any better he is going to print more money and so are all the central banks and when they print money you better own real assets whether it is rice or silver or natural gas , I do not like saying this Eric but we are dealing with people who do not understand economics or finance or currencies .... I may have to cover my shorts to keep going down , they have pulled nothing out of the hat , you see gold going up like a rocket , I own gold but it is getting ahead of itself , you are exactly right , one has to be careful when you see a class like this , a panic climate .... regarding the oil prices going down Jim Rogers says : Oh Absolutely because the panic in the world and then the economy is going to slow down dramatically everywhere , ...the only good thing is , first of all I own oil but it is not good for my portfolio of course my shorts are going down lower but when the bottom hits I am afraid we all have to own real assets because they do not know hat else to do except to print money it is not good for the world .... you can own stocks if you want in the 1970s , stocks did nothing , stocks went down for most of them in the seventies , commodities had a staggering bull market one of the great bull markets in history , no Eric I am short stocks and I own commodities because in my view we are back in the seventies again which is not good for stocks ... I happen to be in Asia as you pointed out and let me tell you the stocks are down 4 , 5 percent too , so it is not just happening in New York it is happening everywhere ...
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%.