US Dollar: There Are So Many Bears That It Is Bound To Have A Rally

"I am very, very bearish on the dollar, but I am long the dollar. I own more dollars than I did 2, 3 or 4 months ago. Mainly because there are so many bears, including me. The dollar is a terribly flawed currency and its going to have huge problems in the next several years. But at the moment there are so many bears that it is bound to have a rally."

in Bloomberg

Bloomberg Interview: January 25 (Video)

Latest Jim Rogers video interview, Bloomberg January 25.


00:00 Bernanke reappointment, Fed policy; Geithner
04:17 Central banks' monetary policies; bailouts
09:00 Emerging markets; commodities; U.S. recovery
17:10 "Too-big-to-fail"; China property "bubble"
19:33 Gold "untouched by investors," commodities
28:05 Dollar, yen "flawed" over long term
Running time 30:01

We Are Overdue For A Correction

"We're overdue for a correction. Stock markets around the world have been going up for the past 10 months."

in Bloomberg

We Will Have Economic Problems And Then The Governments Will Print More Money

"We will have economic problems and then the governments will print more money at that point and that will lead to good things for hard assets. When you print money, the money has to go to somewhere, its not going into General Motors, its going to go into...zinc or wheat or whatever."

in Bloomberg Asia

I Would Vote "No" (Bernanke Reappointment)

"I would vote no. Bernanke has never been right about anything in the 6 years he has been in Washington.

The only good thing about Mr. Bernanke being reappointed is, at least he will be around when it gets worse and then everybody will know the reason for the problem."

in Bloomberg

Currency Instability And Higher Interest Rates

“I don’t think anybody has tightened enough. I think everybody should tighten more. We have huge amounts of money printed throughout the world. It’s going to cause currency instability. It’s going to cause more inflation. It’s going to cause higher interest rates.”

in Bloomberg

Global Equities Are Vulnerable To Correction

"Global equities are vulnerable to correction after rallying from their March lows and as governments around the world withdraw stimulus measures. We’re overdue for a correction. Stock markets around the world have been going up for the past 10 months.”

in Bloomberg.com

Bloomberg Video Interview: January 25

Jim Rogers was on Bloomberg TV earlier today discussing Ben Bernanke reappointment and the Central Banks` role in the economies.

Bloomberg Video Interview, January 25 (Link)

Rogers also discussed global economic growth and central banks' monetary policies, and the outlook for the U.S. dollar, yen and commodities market:

00:00 Bernanke reappointment, Fed policy; Geithner
04:17 Central banks' monetary policies; bailouts
09:00 Emerging markets; commodities; U.S. recovery
17:10 "Too-big-to-fail"; China property "bubble"
19:33 Gold "untouched by investors," commodities
28:05 Dollar, yen "flawed" over long term

Running time 30:01

“Whenever Governments Print A Lot Of Money, You Get Inflation"

“Whenever governments print a lot of money, you get inflation. That is the way the world has always worked. I am sure inflation is going to go to levels seen in the 1970s, if not higher. It is not necessarily going to happen this year, but certainly over the next few years. Governments around the world are going deeper and deeper into debt and this has got to be financed. Someone will have to pay higher rates eventually.”

Is The Chinese Stock Market In A Bubble?

“It is absurd to say China is in a bubble when the stock market is 50 to 60% below its all-time high. If you have a bubble you have things going through the roof. You have everybody screaming fire every day.”

in Digital Journal

I Own Crude Oil But I Don`t Think I Would Buy It Right Now

"I own Crude Oil but I don`t think I would buy it right now. Its gone up a lot in the last 12 months. But I own all commodities. I think commodities are the best place to be."

in CNBC TV

CNBC Video Interview (January 2010)

Jim Rogers on CNBC TV, January 19.


"We already have inflation. Some governments lie about it but everybody who shops knows that we have inflation. Look at India, look at China, look all over the world. We have shortages developing in nearly everything. So, yes... prices are going up and we have governments all over the worls printing huge amounts of money. That has always led to price increases. Its leading to price increases now and we will continue to have more inflation."

"China Now Realizes They Have Created Too Much Money"

A part of the situation in China is the blocked currency. You just can`t get your money out of China at anytime you want so all the money that is created stays in China and builds up so it has to go somewhere. So, we have many prices going higher then they would otherwise.

So China now realizes they have created too much money, that prices are going up a lot, so they are trying to slow things down. They have raised interest rates, they have raised reserves requirements and these things are designed to take some of the heat out of the economy. Let`s hope it works.

in Bloomberg

Shanghai And Hong Kong Real Estate Should Decline

“Certainly, Shanghai real estate or Hong Kong real estate should decline. My goodness, if anything’s in a bubble in the world, that and U.S. government bonds are certainly very overpriced.”

in Bloomberg

Stocks: We Are Overdue For A Consolidation

"We are overdue for a consolidation, a big consolidation in world stock markets. We haven`t had one for 8, 9 or 10 months. Its probably going to happen. Whether it happens this month or this year, I don`t know. But its going to happen."

in Bloomberg.com

Bloomberg Video Interview: China, Commodities And World Stock Markets

Latest Jim Rogers video interview on Bloomberg TV, January 19, 2010

BLOOMBERG VIDEO INTERVIEW JAN 19 : LINK


"We are overdue for a consolidation, a big consolidation in world stock markets. We haven`t had one for 8, 9 or 10 months. Its probably going to happen. Whether it happens this month or this year, I don`t know. But its going to happen."

Jim Rogers, chairman of Rogers Holdings, talks with Bloomberg's Valarie Tan and Shiyin Chen about real estate prices in Hong Kong and mainland China.

Rogers, speaking in Singapore, also discusses the outlook for China's economy, global equity markets and agricultural commodities. (Source: Bloomberg)

00:00 China inflation, urban property "bubble"
01:23 China interest rate; agricultural commodities
02:48 Uranium, nuclear power; precious metals
03:41 Global stocks "consolidation"; China stocks
Running time 04:30

China Needs To Cool Off Their Economy

I am delighted to see what China did because some of the real estate in China was getting into a serious bubble. It’s good for China and therefore good for most of us. They need to cool off their economy. They cannot get it too strong but China does not control the commodities market by any stretch of the imagination.

The Chinese economy as strong as it is, its about one-tenth of the size of America and Europe. Hence, we need China but that is not going to set the pace.

in CNBC TV India

Food Shortages And Spiking Prices

According to Rogers, very serious food shortages everywhere in the world will lead to prices spiking. He recommends buying cotton and coffee because they are very distressed. He also points out that while sugar has gone up a lot, it's still down 70 percent from its all-time high.

Rogers believes investors shouldn't bother with stocks because commodities are likely to win in both the optimistic and the pessimistic scenario. If the economy rebounds, commodity prices will rise because of increased demand; if the economy continues to be weak, central banks will keep the printing presses running and commodities will be used as a hedge against inflaton.

Rogers said he is holding oil and gold. He also recommends buying silver.

In Benzinga.com

CNBC Video Interview: January 2010

Latest video interview on CNBC.

Topics: Oil, commodities, market timing, sugar, agriculture inventories, food shortages;

CNBC: The Fundamentals For Agriculture Have Gotten Better

"The fundamentals for agriculture have gotten better. The inventories are now at the lowest they've been in decades, not in years. Sometimes in the next few years we're going to have very serious shortages of food everywhere in the world and prices are going to go through the roof.

Cotton and coffee are good buys because they are very distressed, while sugar, despite the fact that it has gone up a lot, is still down 70 percent from its all-time high.

If you want to buy precious metals I'd rather buy silver and palladium, just because they're cheaper."

in CNBC.com, January 15

Related ETF`s: PowerShares DB Agriculture Fund (DBA)

The Road To Riches

"If you ask a thousand people if they want to be rich, every one except the poet and the mystic will say yes. When you explain what is needed to become rich, maybe six hundred of that initial 998 will say, "No problem, I can do that." But when push comes to shove, when they have to sacrifice everything else in their lifes - having a spouse and a children, a social life, possibly a spiritual life, maybe even pleasure - to meet their goal, almost all of them, too, will fall away. Only about six of the original thousand will continue on the hard path.

Most of us don`t have the discipline to stay focused on a single goal for 5, 10 or 20 years, giving up everything to to bring it off, but that`s what`s necessary to become an Olympic champion, a world-class surgeon, or a Kirov ballerina. Even then, of course, it may all be in vain. You may make a single mistake that wipes out all the work."

in Investment Biker

Where The Attractive Fundamentals Are

“If you can tell me something else where the fundamentals are so attractive…I’d be happy to put my money there, but I don’t know of any other place,” suggesting that agribusiness investments may have been overshadowed by the current market rally and deserve a closer look.

in ETFdb.com

Related ETF: PowerShares DB Agriculture Fund (Public, NYSE:DBA)

Too Much Debt And Consumption

"The idea that you can solve a problem of too much debt and too much consumption with more consumption and more debt... I mean it defies belief!"

In Yahoo Finance

Investment Bubble Defined

"A bubble is when assets are screaming to new highs everyday, everyone is talking about them, and everyone owns them. Right now, virtually no one owns commodities."

in Commodity Online

If I Were Federal Reserve Chairman I Would Abolish The Federal Reserve

"If I were Federal Reserve Chairman I would abolish the Federal Reserve and then resign. Seriously. It would be best for the world. The market would then decide the monetary policy rather than bureaucrats. The bureaucrats have been printing huge amounts of money and incurring gigantic amounts of debt. Neither would or could happen after I abolish the central bank and resign."

in wallstcheatsheet.com

Gold And Inflationary Periods

"In the 1970`s, gold was going up for some very sound supply and demand reasons. As the gold bull market gathered strength, it pulled in everybody so that in the last year or two it tripled. Just like the Nasdaq in 1998 and 1999. Everybody was shrieking that gold always has ben, always will be an inflation hedge. Just like in 1998 when people were saying "The dot-com, new-economy revolution will go on forever.

If anybody had gone back to look at gold, they would have seen some very long periods where it has done nothing, and long periods where it has actually gone down during inflationary periods."

in Inside The House Of Money (2006)

Experts On China Couldn`t Spell It 10 Years Ago

“I find it interesting that people who couldn’t spell China 10 years ago are now experts on China. China is not in a bubble.”

in The Business Insider

(Jim basically calling Chanos a China neophyte)

Money Printing, Inflation And Sound Currencies

"To a government in economic trouble, printing money and inflation look as appealing as does a fifth of whiskey to a longtime drunk, but it never makes the long-term situation better. There`s not a country or a people that has gone through what it takes to put its currency on a sound footing that has ever regretted it any more than an alcoholic who`s hit bottom regrets being sober after he`s been on the wagon for 10 years."

in Investment Biker

Whenever Everybody Is On One Side Of The Market, It Has Nearly Always Proven To Be Wrong

Whenever everybody is on one side of the market, it has nearly always proven to be wrong. We human beings have not changed in hundreds of years, so we are still guided by the same fears and aspirations.

Usually, when something has a 20 year move up or down, it is wrong and ready to reverse. I am talking about the big picture now - whenever something is at a long term high and everybody is wildly enthusiastic, it is time to go the other way.

in Inside The House Of Money

"This Time It`s Different"

"This time its different". I hear that a lot but its never different. Its just a different situation. Trees don`t grow to the sky, stock markets don`t go up forever, and high prices cut back demand. With prices high, a million guys pile in to figure out how to take advantage of all that money, bringing in supply and eventually driving down the price. No one has ever repealed the law of supply and demand, and no one ever will."

in Investment Biker

Saving And Investing

"I was convinced, and I still am, that every dollar a young man saves, properly invested, will return him twenty over the course of his life."

in Investment Biker

Central Banks And Gold

”You have central banks, which five years ago were selling gold, now buying. So that's a huge shift in the marketplace. Central banks are like lots of other people—they just follow the crowd. There are probably better commodities to buy than gold, but you can't tell that to central banks because they've got gold on the brain. “

in Commodity Online