Pension Plans possibly at Risk of confiscation

The EU banking authorities have already made it possible for the governments to take peoples bank accounts.

The Federal Reserve has also made it possible in their regulation, in a desperate situation, they too will confiscate money from peoples banks account to save the Banks. They have decided the Banks are more important than the individuals and their money. 

Its happened in Poland. Poland has already confiscated some of their Pension plans. Other countries are preparing to confiscate pension plans. So its certainly going to happen in the US. Theres been bills introduced in congress. In 1930's they confiscated peoples Gold. This time they will confiscate pension plans. Theres a lot more money in pension plans than gold. 


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Jim Rogers on John Williams hyperinflation scenario

On the possibility of Hyperinflation in the US in 2014:

John Williams is a smart guy. I certainly admire him. I would be skeptical that there is a dollar collapse in 2014 but anything is possible. My goodness there is enough madness in Washington and other parts of the world. So why not. I am long the US Dollar so I am not expecting it this year. The reason I am long the US Dollar is because there is going to be a lot of turmoil in the world, in the next year, two or three. 

And when there is turmoil people flee to the US Dollar, because they think its a "Safe Haven". 



Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

China debt problems exist in other countries too

There are debt problems in China, just like debt problems anywhere in the world.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

More risks leads to more problems

All those people doing the right things, they didn't go deep into debt, they didn't buy 5 or 6 houses with no money down. They are now getting wiped out to save the people who did it the wrong way. The people that saved their money are now getting no return. The way the government is talking this is going to continue for a while. This is not good for any of us. Unfortunately many people are taking more and more risks and often that leads to problems down the road.

Jim Rogers on why he owns Japanese Yen

I am watching Japan. I wouldnt mind buying some more Japanese shares. 

I actually also own the Japanese Yen for the first time in a while because there are/were huge short positions in the Japanese Yen.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

The last market rally and eventual collapse

What usually happens in any markets are some marginal players start having problems and they spread to more and more people. We are already having some  marginal players having problems. It will spread to more and more people. 

What I expect is the federal reserve will continue to cut back, other central banks are not cutting back but eventually that will lead to problems in the markets. The federal reserve and other central banks will panic and we will have a big rally, and I would suspect that would be the last rally before the big collapse.

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.

Jim Rogers: Investing in North Korea

Why Invest in North Korea
I am investing in the future and in change I don’t condone any kind of that madness (human rights abuses) but it’s the change that’s coming that I’m investing in.

Basic Infrastructure
They don’t have anything in North Korea. Internet, telephones, sheets, towels and anything that you are good at there is a market for in North Korea and it will do well.

Potential for future investments
Yes, North Korea has vast natural resources, metals and minerals which have not been fully exported which can be, could be and will be.

Leader of North Korea pictured with his wife

Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.