If you don’t know Jim Rogers – the investor genius – you should.
Not only has he earned millions and millions for himself, he really seems to enjoy talking about how he sees the future unraveling – or shaping up as the case may be.
Found in Jim Rogers Interview – Part One were lots of interesting comments.
Garrett Baldwin: You state that the more ridiculous the investment idea, the better it is for the contrarian investor. So what seems ridiculous but also high potential on your radar?
Jim Rogers: Well, U.S. government bonds are awfully ridiculous. They have been for a while. It takes a while for a bubble to blow up. But [U.S. bonds seem] to be a bubble. Imagine lending money to the United States government in U.S. dollars for three or four or five or six percent. You pick the number because when a country goes bankrupt, eventually the interest rate goes to staggeringly high levels. And that’s going to happen in the United States.
Another bubble I see is American tertiary education, but I don’t know any way to short either Harvard or Stanford. English and European football teams are a bubble, but I don’t really know any way to short those, either. There are always bubbles in the world, but the one that I’m planning to short next is the U.S. government bond market. The long-bond market.
Garrett Baldwin: Do you believe that QE3 and QE4 are inevitable?
Jim Rogers: I do think that they will stop QE2 just because they have so much publicity on the fact that they’re going to stop it. But something will come back. They may call it something else. They may try to disguise it, but something is going to come back.
You’re not going to see American politicians, especially in an election year, saying, “Well guys, we made horrible mistakes over the past 40 years. Now we have to pay the price and suffer.” No, no. They’re not going to have that kind of platform in 2012. So something will come along to replace QE2.
What I wonder is when Jim Roger’s predictions will come to pass.
It’s not like the USA is actually trying to keep its economy robust, with a strong currency. We’re not.
Jim Rogers says we should invest in YUAN (he allegedly keeps lots of his money in RMB)… and not to mention silver.