The man behind the Jim Rogers Commodity Funds is the author of 5 books, such as Investment Biker, and A Gift to My Children. He wanted to write down everything that he learned during his life for his two daughters. They were born in 2003 and 2008, and he has moved them to Singapore so that they can understand more about Asia and to grow up speaking Mandarin.
We have had a powerful rally in the stock market because of the stimulus. Powerful rallies like this usually last awhile. It isn’t a good time to buy stocks in the United States or elsewhere. Much better to stick with the Jim Rogers commodity funds, which have outperformed stocks dramatically over the past decade.
Most countries don’t have real reform until there is a crisis. The solution to too much borrowing and too much spending cannot be more spending and borrowing. The politicians in Washington are talking out of both sides of their mouths. They just want to get reelected, and the way to do that is to promise to give them more money. People deserve the government that they get, and these people were elected. The Dollar has been the reserve currency for 60 years, but now we are in the process of bankrupting the country. Commodity prices will undoubtedly rise, which is why Jim Rogers commodity funds are such an obvious investment choice.
Bernanke says not to worry about all the new money, because when the economy picks up, he will remove all the money from the economy. But that has never happened in the history of the world. There have been rare occasions when central banks have talked about that, but as soon as they see the consequences of that, they abandon that course of action.
Every sector of the economy has experienced inflation, but they lie about it. When prices go berserk, they are going to look around for people to blame, and they are going to institute price controls. They’ll blame people who are trading commodities and currencies, like those investing in Jim Rogers commodity funds. That is the easy way out for politicians, and they always take the easy way out.
The good news is that they will be limited in what they can do because the market won’t let them. Hopefully it doesn’t happen in the next few years, but there could be social unrest in the United States. Obama ran on two platforms - taxing capital and protectionism. His instincts are to implement policies of more control which will cripple the economy.
