Fed Policy to Cost U.S. Another Decade, Rogers Says
Video first released on 11/18/13
“The Fed should get out of the interest rate market and let interest rates go where they’re going. They should stop printing money. That’s the way economics are supposed to work, not this idea that nobody fails!”
According to Jim Rogers, the recent Third Plenum meetings in China have just triggered some massive changes in China. Mr. Rogers believes the financial sector of China is going to grow rapidly due to the Chinese government’s desire to let the free market operate more openly. He also believes the yuan will become more convertible in the near future. In response, Jim claims to have purchased some Chinese financial share in the past week.
Jim Rogers co-founded the Quantum Fund with George Soros in 1973, helping to steer the fund to a 4200% return before “retiring” at age 37. He is considered to be one of the greatest investors of all time. Rogers has made two record-setting journeys – once by motorcycle and once by car – and is in the Guinness Book of World Records for doing so. In between his frequent travels, he has served as a professor at Columbia University, started his own commodity index and is a frequent media commentator worldwide. Rogers has also authored six books. He currently lives in Singapore with his family. Jim has authored a half dozen books, including: Investment Biker: Around the World with Jim Rogers (NYTimes Bestseller), Adventure Capitalist, Hot Commodities (NYTimes Bestseller), A Bull in China: Investing Profitably in the World’s Greatest Market, A Gift to My Children, and most recently, Street Smarts