Rogers: US Treasury

We are showing a number of videos featuring Jim Rogers' view on US Treasury here. Rogers suggested to short US Treasury back in September 2007. He has recently covered his short and said there's now a bubble in the US government debt market. We have been tracking the US Treasury for some time now. Our view on US Treasury is published in Scheduled Post #4.

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12 December 2008

"What's good for GM is good for the country. Well, you know what's good for the country? Is for GM to go bankrupt."

• America spent 8-10 Trillions over the last 6 months trying to pop up everybody. That's going to lead to the demise of the Dollar, much higher interest rates, much higher inflation, much higher prices... is gonna be a disaster for America.
• Rogers covered his short on US Treasury a couple of weeks ago.
• There's a bubble in US Treasury -- the last bubble left.

November 2008

• The legendary Jim Rogers: one of the smartest money men around.
• The way the US government has handled the credit crisis: an unmitigated disaster.

"They should let people fail!"

• There seems to be a selling climax.
• Been buying Chinese and Taiwanese companies, agricultural commodities, and raw materials.
• Buy assets where the fundamentals are unimpaired. The only assets where the fundamentals are unimpaired are commodities.
• Rogers is not selling China.
• 15 years ago Rogers swore on his life the yield of the 30-year US Treasury will never fall below 6%, which has now been proven wrong.
• You will make more money in commodities than in stocks.
• Always a good sign to see markets rising on bad news.
  

July 2008

• Correctly predicted Oil @ $100 and Gold @ $1,000.
• An unmitigated disaster to bail out Fannie Mae and Freddie Mac.
• More rampant inflation and eventual demise of the US Dollar.

"Well I am short US government bonds. I am short the long Treasury... so... for full disclosure. I think most people just sitting here confused and probably relieved at the moment and try to figure out how this is gonna to work out. Let me tell you how this is going to work out. Is gonna mean the debt of the US is gonna be downgraded over the next few years. It means US government bonds are now... are gonna become suspect down the line."

• Still negative on the Dollar. Will use the Dollar rally to get out the rest of his Dollars.

September 2007

"I'd urge you to sell your US Dollars. I'd urge you to sell your bonds."