Jim Rogers: Shortages of Raw Materials will lead to Wars

Jim Rogers: Oh, yeah. Throughout history there has always been war. There is no period in history where we didn't have wars of some sort. Politicians like to blame somebody and it's easier to blame foreigners, so as tensions rise people will blame foreigners more and more. Also, I'm told throughout history when you have shortages of raw materials, that leads to strife and wars and we have shortages of raw materials developing which will be bigger and bigger. So we will have wars. - in Daily Bell

 

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: Politicians always look for the easy answer

Jim Rogers: They are going to inflate – that's all they know. They will print money. They will also put in motion the power to own other people. They will put on price controls and they will put on exchange controls; neither will work. It will make the situation worse but that's all they know. They will blame it on others for a while and then they will put in place measures that will make the situation worse. And eventually, we hope that somebody will come to their senses before we hit rock bottom and start the process over in spite of the politicians. Politicians always look for the easy answer. That's one reason why socialism has a repeal periodically, socialistic kinds of measures, because people want the easy answer. But the easy answer is not going to work. The easy answer never works. They will try the easy way and make the situation worse.- in Daily Bell

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%.