Jim Rogers: They’re not solving the problem either. At least they’re better than the US, they’re not printing so much money as we are in the US, at least they understand the problem they’re trying to cut the spending. But Lelde, if you look at the plan for any country in Europe, you’ll see they’re all going to have higher debt next year and higher and higher the year after that. Nobody in Europe yet is taking a chainsaw to their problems.- in Finance News Network Interview
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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%.
Sunday, December 25, 2011
Raising Taxes is not the way to Balance the Budget
Jim Rogers : Raising taxes doesn’t do any good Lelde, governments don’t create jobs. I mean have you ever seen a government create a new job? It’s people like your company that creates jobs. That’s the private sector where you create jobs. Taking money from the people who save and invest, and giving it to a bureaucrat, it’s going to give the bureaucrat a job and it’s going to give a few people jobs, but that’s not the way you solve the problems.- in Finance News Network Interview
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Click here to watch the full interview>>>>>
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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 "