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Leaders of the 17-nation eurozone announced on Friday a plan to rescue their failing banks with cash normally reserved for fledgling governments. When the “recapitalization” (i.e. bailout) plan was unveiled, markets responded very, very well. However, despite the positive market reaction, at least one veteran businessman thinks the deal is a big mistake. In fact, he thinks it’s only making things worse. According to Quantum Fund co-founder, free market advocate, author, and regular lecturer of finance at the Columbia University Graduate School of Business Jim Rogers, the EU’s decision to recapitalize its banks won’t do anything to fight off the...

A continuation of bailouts in Europe could ultimately spark another world war, says international investor Jim Rogers. As an alternative, he recommends a combination of capitalism and socialism to weed out weak European banks and companies and to support the strong. “This is how we got into World War II,” Rogers tells Yahoo, referring to Europe’s handling of its financial crisis. “Add debt, the situation gets worse, and eventually it just collapses. Then everybody is looking for scapegoats. Politicians blame foreigners, and we’re in World War II or World War whatever.” The Rogers solution: “Let the people who have failed,...

Commodities guru Jim Rogers said he is not buying gold. In fact, he said he has "hedged himself" since we spoke to him last month. Rogers said he expects gold prices to fall further and believes they could tumble 40 - 50 percent off their top if India were to stop its gold imports or if Europeans were to sell their gold: "There's some movement in India to really curtail the purchase of gold. Some people in India say we should stop importing gold period which would be draconian. There are also Europeans who are talking about the need to...

Rogers told CNBC that the timing of an IPO this week would be a smart move by Facebook. "It's been demonstrated many, many times before that sellers are usually smarter than the buyers, and they usually know when the best time to sell is, and Facebook is doing it," he said. Turning to the broader US economy, Rogers said the United States looks and feels better because the government is throwing money at it. "There is an election in November 2012. Every time there is an election, the government pumps as much money as it can so it can to...

The United States economy never really emerged from the recession that began in 2008 and is possibly headed for a more chronic depression, and the prognosis for recovery doesn't look good, especially in 2013, says international investor Jim Rogers. President Barack Obama has tried to spend the economy back into recovery, which never helps, Rogers told Newsmax.TV in an exclusive interview. (snip) "In America we have had recessions every four to six years since the beginning of the Republic. So by 2012 or 2013, we're going to have another one, and it's going to be much, much worse. Whether that's...

Jim Rogers vs. Marc Faber, Dog Fight Breaks Out in Asia Posted by Dominique de Kevelioc de Bailleul on Dec 02, 2011 | 2 comments The dog fight between Thailand’s Marc Faber and Singapore’s Jim Rogers is on. The point of contention is: Which way will commodities prices go now that China’s bubble economy appears to be headed for some sort of economic slowdown, contraction or crash? Sign-up for my 100% FREE Alerts! “Well if we define a bubble as a period of excessive growth and artificially low interest rates, then China had a huge bubble,” Faber told King World...

Given Rogers' longstanding disdain for Central Banks, what should happen and what will happen this week are entirely different things. "We're going to let the banks who made mistakes go bankrupt, we're going to let Greece go bankrupt, we're going to take massive losses, we're going to ring-fence the system and start over," says Rogers in the attached video clip. "That would be a solution to the problem." Having laid out his wish list, Rogers quickly dispensed with the notion any such ueber-austerity is in the cards. "Is it going to happen? No. (Europe) is going to do something which...

Jim Rogers is a long-term bull on commodities based on scarcity in a growing world. Silver and gold "will both go much higher over the next few years," he tells Economic Times. Oil prices will recover as "known quantities of crude continue to decline." Sugar is going to "at least double or triple before this all is over." But there's only one sector he would buy right now: I am thinking about buying agriculture right now. I am not thinking about buying base metals or gold or oil right now, but I am thinking of buying agriculture maybe this afternoon....

Ron Paul has another illustrious supporter - Jim Rogers. The Quantum fund co-founder, who has been spot on about pretty much everything for the past 3 years. . . . . . "In this election if Ron Paul gets anywhere near the nomination I would certainly support him. He is the only one that I've seen in American politics that seems to have a clue about what's going on." Zero Hedge agrees on all counts.

Jim Rogers: Don't See How US Can Ever Pay Off Debts Published: Sunday, 7 Aug 2011 | 9:51 PM ET By: Deepanshu Bagchee The U.S. doesn't deserve a AA-plus credit rating, much less triple-A, commodity bull and noted investor Jim Rogers told CNBC on Monday. Getty Images Rogers said the country was unlikely to be able to pay off its debt and Standard and Poor's rating cut had come too late and should have happened long ago. "It seems to me it's physically, humanly impossible for the U.S. to ever pay off its debt," Rogers said. "They can roll it...

Billionaire and investor Jim Rogers late this week called for the resignation of President Obama on the grounds that the administrations failure to cut spending, and halt skyrocketing inflation, will lead to violence and rioting in America, similar to what has been taking place in Greece, and other parts of Europe. Investment guru Jim Rogers says President Barack Obama should resign — and warns that inflation will only continue to soar, putting the United States at risk of the same civil unrest that has struck Greece. Rogers says that what Obama “should do is take an ax — no, not...

When it comes to the U.S. Dollar Jim Rogers is "incredibly pessimistic about the long term, or even the intermediate term future." He's also long the dollar and feels there are "plenty of reasons that the U.S. dollar could rally." How can he reconcile the two? Easy: he's a trader. The legendary investor and author of multiple books on trading, global economics and even advice for his children isn't one to mince words nor hedge an opinion. He's both blunt and clear about his feeling that printing endless money will end in tears for the greenback. He just doesn't seem...

Jim Rogers didn't buy or sell anything during last week's commodity sell-off. He says he isn't good at market timing. What he does believe is that we're in the middle of a commodity bull market where everything will go up for years. Rogers tells the Economic Times: "5% correction in gold is meaningless. These things correct 10-15-20-30% every year. Nothing unusual about that. That is the way the markets work. I do not see anything unusual. I expect there would be more correction during the course of the bull market. I hope that the bull market goes up, consolidates, goes...

“If you go back in history whenever we have had periods of forced liquidation like we are having now, periods that only have happened nine or ten times every 100 or 150 years, people have had to sell everything without regards to the fundamentals. The way you make money historically in times like this is you find the fundamentals that are unimpaired and that’s what you buy.” “The fundamentals of General Motors are impaired. The fundamentals of City Bank are impaired by what is happening. The fundamentals of most industries of the world are very impaired. The only thing I...

Jim Rogers Concerned by Silver's 'Parabolic' Rise Published: Wednesday, 27 Apr 2011 | 7:11 AM ET By: Antonia van de Velde CNBC Associate Web Producer With silver near multi-year highs, famous commodities bull Jim Rogers warned silver prices could become dangerous if they rose even further to “parabolic” levels, telling The Times of India he is keen to buy more, but would sell if the price rose too fast. Silver futures surged to a multi-year high of $49.45 per ounce on Monday, but on Tuesday the May silver contract recorded its largest one-day fall in a month. Silver steadied somewhat...

Now that commodities (NYSE:DBC) are in focus, I reached out to my friend Jim Rogers to get his insights into where the commodities rally is headed. As usual, Jim had some great nuggets of wisdom: Damien Hoffman: Jim, what’s going on with food commodities (NYSE:DBA)? Jim Rogers: I’ve been trying to explain to people for a long time what’s going on, but for some reason nobody listens. Normally at this stage of the commodity bull market you would expect new capacity to be coming on stream. The problem of course is that in 2008 and 2009 everybody got hit. So,...

In this video clip, investor Jim Rogers sits down with Judge Andrew Napolitano to discuss profit strategies during monetary crises.Rogers said: “… what you have to do is you have to find things that will protect your assets real assets silver rice natural gas something that will hold its value in an inflationary time … I do it two ways: I own gold and silver coins in my hand in my house in my box; I also own gold and silver futures that’s another way to do it.”He also commented Fed as follows: “Bernanke, he does not understand finance, economics...

Oil has been steadily on the rise since the beginning of 2009. But could it reach mid-2008 levels or climb higher still? Jim Rogers, an American investor who co-founded the Quantum Fund with George Soros, told the BBC’s Justin Rowlatt on Wednesday the prices are certain to exceed those levels. “Well, the surprise is going to be how high the price of oil stays and how high it goes, because Justin [Rowlatt] we have had no major elephant [field] oil discoveries in over 40 years,” Rogers said. “The International Energy Agency is going around the world pleading with people to...

Jim Rogers: 'Britain is totally insolvent' By Andrew Oxlade 7 December 2010, 6:26pm US speculator Jim Rogers is known for his outspoken views but today went further than usual suggesting Britain is 'totally insolvent'. In an interview on business TV channel CNBC, Rogers, who made his name making millions while partnered with legendary financier George Soros, suggested Britain was the true sick man of Europe. He said: 'Greece is insolvent, Portugal has a liquidity problem, Spain has a liquidity problem, Belgium has been cooking the books for a long time, Italy has been cooking the books for a long time...

Jim Rogers: Bond Market Bubble Headed for Disaster Thursday, 01 Jul 2010 08:33 AM By: Julie Crawshaw The bond market is a bubble ready to burst because central banks have flooded the world with cash and harmed the world economy, says investing guru Jim Rogers. "I'm watching the bond market, I have no longs and no shorts," Rogers told CNBC. "It is a bubble which is developing; it's one of the few bubbles in the world which is developing." "I think it's going to be a disaster and I plan to be selling them short sometime in the foreseeable future,"...