Jim Rogers: Disaster Awaits the Markets in 2013

Jim Rogers was recently interviewed by the National television and said: "...first of all we have taxes increases in January first but secondly David we had recessions every 4 to 6 years since the beginning of the republic next year it's 4 to 6 years we are overdue , they always happen for different reasons now may be you know it's different this time , in Washington and in Fox Business News they tell you it is a recovery , 6 years from 2007 it is 2013 , we always had one next one it is going to be worse ..." says Jim Rogers

James Rogers also popularly known as Jim Rogers was born on October 19th in 1942. He was raised in a small town in Demopolis, Alabama. Jim Rogers found his feet in the stock market industry by starting off with a mere 600$ in the year 1968. Rogers was able to open the Quantum Fund with his stock market earnings and struck up a partnership with the legendary George Soros. With all his initial success, he was able to happily retire as a multi-millionaire at the age of 37. The Quantum Fund saw an overall increase in return by an astounding 4,200% in the ten years that they ran the fund together. In contrast, the S&P reported a rise of only 47%. Soros and Rogers ran the world's first truly macro hedge funds that had a worldwide scope. Rogers landed his first job in the year 1964 at Wall Street in a company called Dominick & Dominick in the year he had before he went on to Yale University from High School. That same year he moved on to his second job and that is where he met George Soros. The Quantum Fund inspired a lot of variations of macro trading. Jim Rogers is quoted in the "Money Masters of Our Time" as saying that his work was the most important thing to him in his life. Rogers didn't take a single holiday for ten consecutive years and this reflects the true level of professionalism. With the success he gained in his macro trading business, he was able to peacefully retire in 1980 with a fortune to his name. Ever since his retirement, he has taken on different media roles and has spent most of his time travelling and being a philanthropist. He is also known as a media commentator and remains active in investing.

Rogers was once quoted as saying that Jim Rogers "the 19th century was the century of the UK, the 20th century was the century of the US, the 21st century is going to be the century of China"

Jim Rogers is an great investor, author and respected financial commentator. He is a regular guest on different TV programs like these of Barron's, FT, Wall Street Journal, New York Times, Fortune and CNBC. Rogers is the president of Rogers Holdings and Beeland Interests.

Jim Rogers: Capitalism is Dying in the West

Excerpt from the interview:

Depending on countries, politicians, central bankers are destroying capitalism. Some Asian countries are opening up more and more and they become more capitalism countries than USA.

Do you think capitalism can survive in the West?

In history great nations have created economies where people do whatever they can and governments are not so in control of the things. When everything gets matured and problems start, governments get more involved. When problems start, people look for someone to save, and then governments do more controls. All great nations when they reach a certain level of saturation and maturity, start to control more to prevent decline but that accelerates the decline. That is what is happening in USA.

The real credit was 15 years world saved huge amount because war and depression and eventually they started to spend 40-ies , after that people started investing, spending and consuming. It was pretty simple economics. It was historic circumstances.

Stagflation – Most of the world is already in it. Some statistics say it’s not the way, but we can’t rely on government statistics.

I hope the Chinese and Japanese conflict doesn’t evolve into a war. But even without these problems, the world is slowing down anyway.

Jim Rogers is an great investor, author and respected financial commentator. He is a regular guest on different TV programs like these of Barron's, FT, Wall Street Journal, New York Times, Fortune and CNBC. Rogers is the president of Rogers Holdings and Beeland Interests.

Jim Rogers: Eurozone will pay a "terrible price" for the accumulated debt

Eurozone will pay a "terrible price" for the crisis, whether the European Central Bank (ECB) start mass buying of government or not, said Jim Rogers, co-founder of the Quantum Fund, said on CNBC.

"European politicians repeat the same crap for a long time. It does not change the game - the program will have a positive effect on the market for about a month. Debts are getting bigger and eventually we will all pay a terrible price, "warns investors.

He predicted that the green wave stock markets, which may seem like a good opportunity to return to risky assets will be very short.

"For me, it is not possible to make money. This is not good for the market and will not last long. Every three or four months eurozone politicians come together and say: OK guys, everything is fine. For a time indices remain green. But start getting tired of this story and the market is also beginning to be tired, "says Rogers.

Rogers, who has long been optimistic about commodity prices, said there is no reason to change its position on this issue. "Bull market in commodities will end some day - but that day is far, far away," he said.

"We see some correction in commodities. You see, inject money into the financial system and history teaches us that when they do, how to protect yourself is to have any real assets - whether gold or rice, "he said.

"If the world economy recovers, that I had raw would be better, because the recovery will lead to demand. If this does not happen, all central banks will start to print money. This is wrong, but the only thing they know to do, "says Rogers.

Jim Rogers is an great investor, author and respected financial commentator. He is a regular guest on different TV programs like these of Barron's, FT, Wall Street Journal, New York Times, Fortune and CNBC. Rogers is the president of Rogers Holdings and Beeland Interests.