Monday, July 16, 2018

The Fed doesnt know what it is doing

US Fed Chairman Jerome Powell seems to be optimistic on the current state of the US economy and has recently said the economy is "in a good place". His predecessor Janet Yellen had taken interest rates to historically record lows.

"The Fed doesn't know what it is doing. The central bank throws the interest rate to the lowest level in recorded history. The American central bank has increased its balance sheet by 500 percent in ten years. Historically, it is impossible. So what the American central bank has done is incomprehensible in historical terms. This is like an experiment. I hope it's going to work. They're going to find out it's not going to work."



On interest rates 

"The interest rate should go much, much higher. The interest rate has gone to the lowest level in recorded human history. This has been totally absurd and it has never happened before because the bureaucrats don't know what they are doing. We are all going to pay horrible price to bring it back to normal. A lot of people are going to go bankrupt. I hope I'm not one of them."




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

Thursday, July 12, 2018

Trade Wars hurt more people than they help

Trade wars may seem appealing to politicians but could be a lose lose situation for the majority of people involved. Jim Rogers reveals his thoughts in a recent interview.


"I'm against trade wars. In the end, it causes a loss of trade for everybody. So for instance, the U.S. says we are going to put a tariff on steel and aluminum, so then the price of steel and aluminum goes up. There are a few thousand people who make steel and aluminum; they're going to have more prosperity. But to 300 million Americans who use steel and aluminum, if we buy a refrigerator or a lamp, the price for everything will go higher because now we have these tariffs. Yes, a few thousand people are better off. But 300 million people are worse off, plus all the other people all over the world too."


Monday, July 9, 2018

Huge economic opportunity for South Korea if North Korea opens up

Jim Rogers is optimistic that if North Korea would open up their economy, it would help South Korea and make South Korea one of the most exciting countries over the next 10 to 20 years.

"Many of your trading partners are going to suffer. But you have this opening up, and if you remember what happened in China as it opened and changed, that is going to happen here and you will be the major beneficiary." 


"North Korea has lots of disciplined, educated, very cheap labor and a lot of natural resources. And [South Korea] has lots of capital, management ability and expertise."




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

Thursday, July 5, 2018

Japan VS Korea

Jim Rogers talks on why Japan may suffer economically if North and South Korea unite.

"Japanese companies want to invest in North Korea but Japan is against it because Japan cannot compete with a united Korea. A united Korea has 80 million people on the Chinese border, lots of cheap, disciplined, educated labor, huge natural resources, lots of capital, and lots of expertise."

"Japan has declining population and huge internal debt but they don't have cheap labor anymore so Japan doesn't want unification. Japan would do everything it can to fight it. They would use every excuse"

via koreatimes


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

Tuesday, July 3, 2018

We are going to have a Trade War. Nobody has won a Trade War.


Click here if the above video does not play, or to download the full audio


Topics discussed:

-Long agriculture thesis and the average age of a farmer matters. Someone has to be a farmer.

-Stock market index investing is a lazy man's tool, even Jim Rogers uses them. Indexing is valuable but could distort stock prices of stocks within the index. Stocks that are not in the index could be hidden gems, if you can find them.

- China has issues with water supplies, pollution, and the ratio of men to women. Anything in short supply increases in value. Status of women could go through the roof.

- President Trump seems to be keen on Trade Wars and we are going to have a Trade War. President Trump seems to believe that Trade Wars are a solution to many problems. So you should be worried.

-And others......


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