Quote

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: 82
Born: 1942
Born: October 19
Businessperson
Economist
Entrepreneur
Financier
Investor
Non-Fiction Writer
Baltimore
Maryland
James Jim Beeland Rogers
Jr
Value
Currency
Values
Stable
Bail
Keep
Fund
Hedge
Federal
Reserve
Maintain
Funds
Bear
Skeptical
Financial
Reserves
Bears
Founded

More quotes by 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.
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You will never get anywhere if you do not do your homework.
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Not one country in existence today has had the same borders and government for as long as two hundred years. The world will continue changing.
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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.
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If anybody laughs at your idea, view it as a sign of potential success!
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Historically, there has been a bull market in commodities every 20 or 30 years.
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Diversification is something that stock brokers came up with to protect themselves, so they wouldn't get sued for making bad investment choices for clients. Henry Ford never diversified, Bill Gates didn't diversify. The way to get rich is to put your eggs in one basket, but watch that basket very carefully. And make sure you have the right basket.
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The first loss is the best loss.
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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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I haven't met a rich technician
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Right now I own shares of companies in 28 countries.
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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.
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Beware of all politicians everywhere. They excelled at recess when they were in school but have excelled at little since.
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If you want to be lucky, do your homework.
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Without giving specific names, most of the significant American banks, the larger banks, are bankrupt, totally bankrupt.
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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.
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I was poor once, I didn't like it, I don't want to be poor again.
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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.
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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
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Unfortunately politicians are not very sound people or they wouldn't be politicians.
Jim Rogers