This Is A Huge Mistake For Switzerland

The move will work for a while, but the market will have more money in the end than the SNB. The Swiss central bank risks losing a lot of money buying up lots of foreign currencies which they will eventually sell at a loss.

Another risk is that the central bank will totally debase the Swiss franc trying to keep Switzerland 'competitive' which will then destroy the traditional Swiss financial industry.

So this is a huge mistake for Switzerland since they are going to suffer more either way.

The Price Of A Commodity Will Never Go To Zero

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.

Recognize Change And React Accordingly

Those who can not adjust to change will be swept aside by it. Those who recognize change and react accordingly will benefit.

I Expect More Social Unrest In The World

Agriculture prices are still, on a historic basis, extremely depressed, and in my view I'll probably make more money in agriculture than other things.

I fully expect more social unrest in the world, I fully expect more turmoil, but I didn't expect it to happen this quickly because food prices are somewhat depressed.

The Idea That The U.S. Is Downgraded And The UK Is Not Is Lunacy

The idea that the U.S. is downgraded and the UK is not is lunacy. There are many countries, Belgium, Spain, lots of countries in Europe, that should be downgraded just as the U.S. has been downgraded.

Agriculture: One Of The Greatest Industries In The Next 30 Years

"Agriculture is going to be one of the greatest industries in the next 20 years, 30 years."

Jim Rogers

The Investment World Knows That The U.S. Is Not AAA

"Everyone already knows that the U.S. has lost its AAA status. Anyone who knows what is going on, already knows that the U.S. is now the biggest debtor nation in the history of the world. It’s only S&P and Moody’s that haven’t figured out what is going on. The investment world knows that the U.S. is not AAA."

Jim Rogers in the WSJ