Jim Rogers : China will have huge set backs
Saturday, February 4, 2012
Jim Rogers : " China will have set backs , we in America in the 19th century we had 15 depression a horrible civil war no human rights massacres in the streets and yet we became the greatest country in the 20th century , China is going to have a lot of set backs , huge set backs , i do not know what where or when if you make a loan you more likely to get it back from china than you are from the US this is the largest debtor nation in the history of the world , china is the largest creditor nation in the world and despite set backs they are continuing to do well " - in Rt TV
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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