Exclusive – Jim Rogers: “MF Global to Help Push Commodities Business Away from Chicago and Towards Asia.”
Tuesday, December 13, 2011
I was lucky enough to catch Jim Rogers on the phone again for a few minutes to discuss MF Global’s affect on the commodity markets, the direction of the U.S., plus an emerging southeast Asian country which presents an “enormous opportunity”.
In regards to the recent MF Global collapse and it’s impact on commodity markets Jim said,“MF Global is causing forced liquidation right now, but longer term people will forget about it. People still need to trade wheat, they need to trade oil. In the longer term it will be like many other disasters in markets, it will be a blip–an unfortunate blip.” Jim added that, ‘This event will be another push to move commodities business away from Chicago and towards Asia.”
In terms of where the U.S. is going fiscally, Jim said, “The U.S. is the largest debtor nation in the history of the world, and we’re setting ourselves up for terrible, terrible, problems. No country which has gotten itself in this bad of shape has gotten out without a crisis.”
In recent commentaries Jim indicated Myanmar is a spectacularly cheap place in the world to invest. In this interview he says if U.S. lifted restrictions, “I would try to find shares in Myanmar’s financial markets in which to invest. They have a very small and fledgling stock market, and they’re trying to develop it more and more. Investing there now is like investing in China in 1978, there’s shortages of everything.”
Jim’s always been 5-10 years ahead of even the “early-adopters” of new investment trends, so this is required listening for serious investors.
To listen to the interview, left click the following link and/or right click and “save target as” or “save link as” to to your desktop:
Interview with Jim Rogers
Interview also available through our YouTube Channel
To learn more about Jim visit: JimRogers.com