Nobody is Paying Attention to the Debt

"I would start with the debt in the United States government. You might say “oh, they’re paying attention”, I would say balderdash. You know, my entire life I’ve heard congress talk about deficit spending, bemoan deficit spending, and talk about the debt. Back in the 1980s there was something called the Grace Commission, which was specially commissioned to study what to do about the deficit and the debt. And it passed laws, congress passed several laws since then, saying there will be no more deficit spending, or there will be no more debt, there will be no more, this will change, blah blah blah. And then they turn around and they ignore the laws. This has been going on for a long time. You might say people are paying attention, I would say that’s claptrap, they’re just talking, they have no intention of doing anything about it, and even if they “do something”, what they do is say “ok, instead of having increased spending, we’ll have less increase, we’ll still increase, it’ll just be less.” I mean, no, nobody’s paying attention to it."

- Source, Investors Guide:

http://www.investorguide.com/article/12206/jim-rogers/

Countries Are in Serious Trouble

"I'm a little surprised it took Moody's so long to get around to lowering the credit rating. The UK, the US, and other countries are in serious trouble, and the world seems to know it. It's just the rating agencies that don't know it. "I suspect sterling will continue to go down in real terms against real assets."

- Source, BBC:

http://www.bbc.com/news/

U.S Economy Enters a Black Hole

Jim Rogers appears on Russia Today, where he discusses China, the U.S and the Eurozone. He see's the U.S economy entering a "black hole".

- Source, Russia Today:

http://rt.com/

I Suspect They'll Take The Pension Plans Next

"I Suspect They’ll Take the Pension Plans Next; I for One am Worried, and I'm Taking Preparations."

- Jim Rogers interview via Lew Rockwell:

http://lewrockwell.com/rogers-j/rogers-j182.html

Stuck With the Old Technology

"If you go to some countries now, people don’t have telephones with land lines, they just completely leapt over that whole thing. We all used to have telephones with copper wires coming in. Most new countries don’t have land lines, they don’t have all those copper wires, et cetera. They don’t need it, they just completely leapt over all that. That’s been the story throughout history, the way people have developed, something new comes along, people develop it rather than go with the old ways, and people still stuck with the old technology and the old ways usually have to change or get passed by."

- Source, Investors Guide:

http://www.investorguide.com/article/12206/jim-rogers/

The Gold Market Outlook

"I don`t think the bull market will end in gold. What I said was that normally all assets correct 30 or 4 percent every year or 2 or 3. It`s just the way the markets work. Gold has only been down 30 percent once in the past 12 years and even then it ended up for the year. This is extremely unusual for any market.

So, what I said was, that if gold were to correct 35 or 40 percent it would go to 1200. Gold needs to correct it`s supposed to correct every 2 or 3 years. It has not, which worries me. If it did, I hope I am smart enough to buy more. It should but it does not mean it will. It may go to 2400 before it goes to 1200."

Agriculture Industry King

"Jim Rogers co-founded the Quantum Fund with George Soros and has been a successful investor for many years. In this interview Jim Rogers talks about agriculture and other commodities. Agriculture has been a disaster for 30 years but now the supply/ demand situation is changing very dramatically."

- Source:

http://www.youtube.com/user/BruceFenton/

Politicians Are Debasing Our Currency

"Debasing your currency sometimes works in the short term, it has never worked in the long term and does not even usually work in the medium term. Lots of politicians like to do it because it is an easy way."

- Jim Rogers via a recent CNN interview:

http://www.cnn.com/

Everything Has Problems

"I own gold and silver and precious metals. I own all commodities, which is a better way to play as they debase currencies. I own more agriculture than just about anything else in real assets because of the reasons we discussed before. We were talking before about the risk-free or worry-free investment. Even gold: the Indian politicians are talking about coming down hard on gold, and India is the largest buyer of gold in the world. If Indian politicians do something -- whether it’s foolish or not is irrelevant -- if they do something, gold could go down a lot. So I own it. I’m not selling it. But everything has problems."

- Jim Rogers via a recent interview with Peak Prosperity:

http://www.peakprosperity.com/

We're Wiping Out The Savings Class Globally

"Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets."

- Source, Peakprosperity.com:

http://www.peakprosperity.com/podcast/81158/jim-rogers-3-9-2013

Wall Street is Doomed

"Massive competition, increased regulation and staggering leverage make a career in Wall Street the wrong choice, says Jim Rogers, CEO of Rogers Holdings and author of "Street Smarts." Rogers tells Reuters Consumer News Editor Chrystia Freeland that aspiring MBAs should dump their degrees and go into farming."

- Source, Reuters TV:

http://www.reuters.com/news/video/reuters-tv

The Time Jim Rogers Got Wiped Out

"Jim Rogers stopped by Business Insider to talk to us about his new book "Street Smarts." He talks to us about a moral dilemma he faced at Balliol College that was similar to the one he faced with George Soros at the Quantum Fund. He also tells us about the time he thought he was going to be the next Bernard Baruch (legendary American investor) but ended up getting wiped out instead, and why that lesson was so invaluable to him."

- Source, Business Insider: 

http://www.businessinsider.com/jim-rogers-on-when-he-lost-everything-2013-2