Jim Rogers asks Jeffrey Halley whether there is a sound currency in the world, so he could hold it for the next 10 years.
Very interesting conversation!
2009.03.04
Jim Rogers: Let IMF sell its gold so I would buy it cheaply and we could dissolve IMF 2009.02.10
Jim Rogers said on 2009.02.10 that there will be massive inflation in future (in 2010 or even 2012), but if IMF will sell its gold it would create opportunity for investors to buy cheaply and it would force IMF to finally dissolve itself.
Jim Rogers, one of the world’s most prominent international investors, on Thursday called most of the largest U.S. banks “totally bankrupt,” and said government efforts to fix the sector are wrongheaded.
Speaking by teleconference at the Reuters Investment Outlook 2009 Summit, the co-founder with George Soros of the Quantum Fund, said the government’s $700 billion rescue package for the sector doesn’t address how banks manage their balance sheets, and instead rewards weaker lenders with new capital.
Dozens of banks have won infusions from the Troubled Asset Relief Program created in early October, just after the Sept 15 bankruptcy filing by Lehman Brothers Holdings Inc (LEHMQ.PK: Quote, Profile, Research, Stock Buzz). Some of the funds are being used for acquisitions.
“Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt,” said Rogers, who is now a private investor.
Jim Rogers said on Bloomberg on 2008.10.10 that the reason the market is collapsing is because nobody has any confidence in clowns [government officials] and whatever they come up with just means bigger inflation in next 6 months or year from now.
Jim Rogers: Central bankers know only how to print money
Jim Rogers on Bloomberg on 2008.10.10 said that central bankers will probably cut interest rates in future, because it’s their only solution for any problem
Jim Rogers on CNBC on 2008.10.10 said that action taken by governments and central bankers around the world would lead to rampant inflation around the world, rampant confusion in the currency market and bond markets would start to collapse.
In (second part of the) interview Jim Rogers says that bull market in commodities has long way to go and he expects intervention in commodities market as politicians can do stupid things like invading Iraq because of WMD.
Jim Rogers in interview with Bloomberg said that government has no authority to buy Fannie and Freddie stocks and should have allowed them to go under. He said also that Paulson and Bernanke hear only Wall Street but don’t care about inflation and the rest of Americans.