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The Federal Reserve was not founded to bail out Bear Stearns or a few hedge funds. It was founded to keep a stable currency and maintain its value.

Jim Rogers

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Jim Rogers
Age: 81
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
Jr
Values
Stable
Bail
Keep
Fund
Hedge
Federal
Reserve
Maintain
Funds
Bear
Skeptical
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Reserves
Bears
Founded
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Currency

More quotes by Jim Rogers

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Historically, there has been a bull market in commodities every 20 or 30 years.
Jim Rogers
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I just wait until there is money lying in the corner, and all I have to do is go over there and pick it up. I do nothing in the meantime.
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If you were smart in 1807 you moved to London, if you were smart in 1907 you moved to New York City, and if you are smart in 2007 you move to Asia.
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
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It's a lot of fun finding a country that nobody knows about. The only thing better is finding a country everybody's bullish on and shorting it.
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Paper money is made of cotton, and I'm long cotton, by the way. One reason I'm long cotton is because Dr. Bernanke is out there running the printing presses as fast as he can.
Jim Rogers
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Commodities tend to zig when the equity markets zag.
Jim Rogers
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I haven't met a rich technician
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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
Jim Rogers
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If you bail out every investment bank that gets in trouble, that's not capitalism, that's socialism for the rich
Jim Rogers
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If anybody laughs at your idea, view it as a sign of potential success!
Jim Rogers
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I’ve got one shot going through this life. I want to make sure I do as much as I can.
Jim Rogers
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The price of a commodity will never go to zero. When you invest in commodities futures, you're not buying a piece of paper that says you own an intangible piece of company that can go bankrupt.
Jim Rogers
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Right now I own shares of companies in 28 countries.
Jim Rogers
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I cannot invest the way I want the world to be I have to invest the way the world is.
Jim Rogers
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I don't think there is a sound UK bank now, at least, if there is one I don't know about it. The City of London is finished, the financial centre of the world is moving east. All the money is in Asia. Why would it go back to the West? You don't need London.
Jim Rogers
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You can no longer buy commodities at Merrill Lynch. My guess is many analysts and even executives are too young to know how profitable a hot commodities market can be. They will soon.
Jim Rogers
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The first loss is the best loss.
Jim Rogers
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You will never get anywhere if you do not do your homework.
Jim Rogers
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Never act upon wishful thinking. Act without checking the facts, and chances are that you will be swept away along with the mob.
Jim Rogers