Friday, April 18, 2014

Facebook Isn't an Investment, It's a Waste of Time

Jim Rogers is asked about his opinion on Facebook. He believes that it is a waste of time and there isn't much money to be made in it.

- Source, CNBC:

Saturday, April 12, 2014

China Will Gain Massive Power & Influence by Bailing Out EU

Europe is taking its chance to make sure China knows its arms are wide open for any investment it can get. President Xi Jinping is visiting the continent - and Paris and Berlin have laid out the red carpet.

And the issue of human rights, so often a key part of talks between the EU and China, is strangely absent this time around.

On Thursday, the EU trade chief agreed to drop a probe into under-priced Telecom equipment, imported from China. Karel De Gucht says that's because Europe needs to do much more to attract Chinese investment.

There was some hushed criticism on China's rights record, with Human Rights Watch describing the conditions most Chinese people live in as "appalling". But investor and financial commentator Jim Rogers says Europe knows it has to be nice.

- Source, Russia Today:

Thursday, April 10, 2014

Jim Rogers - A Look Back at His Life and How He Got So Rich

James Beeland "Jim" Rogers, Jr. (born October 19, 1942) is an American businessman, investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. He was the co-founder of the Quantum Fund and creator of the Rogers International Commodities Index (RICI).

Rogers does not consider himself a member of any school of economic thought, but has acknowledged that his views best fit the label of Austrian School of economics.

Tuesday, April 8, 2014

Jim Rogers vs. Fred Kaufman

BBC Business Daily, Global Food Prices. Highly successful investor Jim Rogers, author of 'Hot Commodities', debates factually inaccurate and economically illiterate campaigning journalist Frederick Kaufman who blames global hunger on speculation in financial markets. Rogers explains that financial speculation on food commodities doesn't contribute to global volatility in food prices, but what is really causing this price-inflation in food prices is greater demand from a growing population, especially in Asia, supply problems with droughts, and floods and other climate hazards reducing crop yields.

Sunday, April 6, 2014

The Crisis is Not Over! A Conversation with Legendary Investor Jim Rogers

Stefan Molyneux speaks with legendary investor Jim Rogers about the future of the world economy, the coming economic shift and how to prepare for the future.

Jim Rogers is an American businessman, investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc.

Friday, April 4, 2014

Ron Paul and Jim Rogers Discuss the Global Economic Collapse

We frequently hear the financial press refer to the U.S. dollar as the "world's reserve currency," implying that our dollar will always retain its value in an ever shifting world economy. But this is a dangerous and mistaken assumption.

Monday, March 17, 2014

Want to Make Money? Drive a Tractor

Commodities guru Jim Rogers has a tip for the opportunity-hunters out there: Get back to the land.

For the first time in a long time, the world has “very low inventories” of food products, Rogers told the BBC’s Simon Jack. Plus, there’s a shortage of farmers — and those we do have are getting older, with an average age in the U.S. of 58. Added together, that means there are good prospects in the field.

“Agriculture’s been a terrible business for 30 years. It is now beginning to get better,” the high-profile investor said Tuesday, on BBC Radio 4’s Today” program.

“If you want to make a lot of money in the future — which many people do — you should learn to drive a tractor.”

While the dapper money man may have been pulling Jack’s leg somewhat, his underlying message came through: There’s cash in crops.

It’s not the first time Rogers has suggested this move. A few months back, he told Barron’s that people should “buy shares in farms, farm equipment, fertilizer and seed companies that trade on exchanges around the world.” What makes today’s comments more pointed is that signs are suggesting he’s right in his gloomy prognostication on food supplies.

Severe weather of different kinds, production constraints and other factors are pushing up prices of beef, bread and other staples (read: 10 foods eating into your budget). Plus, California — the U.S.’s agricultural heartland — won’t get any irrigation water this summer, despite being gripped by a drought. That should end up hitting consumer wallets, too. And even the crisis in Ukraine could end up putting pressure on grain markets.

But back to that tractor advice. Why doesn’t Rogers become a farmer, rather than an investor? asked Jack.

“Because I’d be hopeless at it,” he replied, laughing. “I’m not a very smart person. You have be competent to become a farmer.”

- Source, Market Watch:

Saturday, March 15, 2014

Threat of Pension Fund and Savings Confiscation is Real

Jim Rogers is holding on to his gold position in anticipation of an inevitable market bubble and substantial gains. Safe as money in the bank? Not so, says the self-made billionaire; the threat of pension fund and savings confiscation is just one more reason to add precious metals investments to a diversified portfolio.

- Source, Gold Seek:

Thursday, March 13, 2014

Jim Rogers Tells Us What Everyone is Getting Wrong About China

Concerns about a Chinese hard-landing set off by Beijing’s efforts to deflate the credit bubble are making headlines again.

GDP growth slowed to 7.7% in 2013, the lowest level in 14 years. And the slowdown has played a part in the emerging markets rout we have seen recently. But recent trade andlending data, and Lunar New Year sales have come in better than expected.

We reached out to Jim Rogers, chairman of Rogers Holdings , to get his thoughts on the slowdown and on what everyone is getting wrong about China.

Rogers told us that we shouldn’t be very concerned about the slowdown in the Chinese economy. However, he does worry about China’s debt at the local levels.

He also took issue with the naysayers calling for a major crash.

Business Insider: What worries you the most about China right now?

Jim Rogers: The high levels of debt in some areas. Some of the provinces and companies have built up debt in recent years during the recovery, since there has been so very much artificial liquidity all over the world.

All the money printing in the developed world is causing distortions everywhere including China.

BI: How concerned should we be about the economic slowdown in China?

JR: Not much. The government is and has been trying to cool real estate. On the other hand, the Plenary Session in November decided to emphasize several sectors over the next decade or so. Those industries will be doing better no matter what happens in the world. So some will be improving; some declining. The government is trying to cool real estate so I would avoid [that].

BI: What is the one thing people get wrong when they talk about China?

JR: Few seem to understand the historical significance of what is happening there. E.g. Gordon Chang has been writing books and articles since 2001 predicting the collapse of China and the disappearance of the Communist Party. Jim Chanos has been predicting the collapse of China since 2009 saying it will be “1000 times worse than Dubai”. [I explained at the time that showed no understanding of Dubai or of China.] Many in China do not fully understand either.

As the US was rising to its power and glory during the 19th Century, we had a horrible civil war, 15 depressions [Yes, with a D.], few human rights, little rule of law, periodic massacres in the streets, etc., etc. yet we still became the most successful country in the 20th Century.

China will have plenty of setbacks along the way as does every country, company, family, and individual that rises.

- Source, Business Insider:

Tuesday, March 11, 2014

If You Want to Make Money, Become a Farmer

International investor Jim Rogers, chairman of Rogers Holdings, has been bullish on the agriculture sector for years, and he sounded the theme again this week.

The world now faces "very low inventories" of foodstuffs for the first time in years, Rogers tells BBC Radio. In addition, farmers are in short supply and aging, with the average age of a U.S. farmer at 58, he notes.

Put it all together, and it's good news for agriculture. "Agriculture’s been a terrible business for 30 years. It is now beginning to get better. If you want to make a lot of money in the future, which many people do, you should learn to drive a tractor," Rogers suggests.
"Agriculture is going to be one of the most exciting businesses in the next 10 years."

A recent government study supports Rogers’ optimism on farms.

U.S. farms, on average, are bigger and more prosperous but are dwindling in number. And although the number of young farmers has risen, U.S. farmers, on average, are getting even older, a government census of American agriculture has found.

The figures were part of the USDA's "Census of Agriculture," which surveys all U.S. farms and ranches and the people who operate them every five years. The results help shape the nation's agricultural policy.

"The preliminary data provide a snapshot of a strong rural America that has remained stable during difficult economic times,” Agriculture Secretary Tom Vilsack said in a statement.

“The data confirm that farm income is at a record high. However, the prolonged drought and lack of disaster assistance have made it more difficult for livestock producers and mid-sized farms to survive.”

A bright spot in the data is the slight increase in young farmers and the stable number of small farms and large-scale farms, he said.

"As folks age out of farming, it leaves fewer and fewer people potentially in these rural communities. We have to rebuild the middle," Vilsack said.

The average age of farmers rose to 58.3 years from 57.1.

"We have an aging farm population and they are carrying a debt load that is small, historically. But we have also reached that point where this aging population is starting to push over to the younger farmer and it looks like his debt load is going to be sizable," Don Roose, president of U.S. Commodities in West Des Moines, Iowa, told Reuters.

- Source, Money News:

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