Jim Roger was talking to Brunette Betty on Bloomberg about oil, financial stocks, commodities and even Ben Bernanke.

It’s always fun to listen to Jim, who now resides in Singapore, just matter of factly describe the stupidity of other analysts in an indirect, gentlemanly way.

Here are some bottom lines:

• This bull market in oil has a long way to go. Yes, it may correct 50% like it has already done twice since the bull started in 1999, but unless someone finds a lot of oil in an accessible place real soon then oil is headed higher. Could it be $150, $200, maybe even $300? Jim Rogers says he isn’t smart enough to know how high, but it’s going higher.
• Commodities. Again, they may go lower, but he’ll just buy more. Congress seems intent to drive them lower somehow but it will only be a better buying opportunity. In a bubble? He laughs and lists at least a half dozen commodities that are 40% or more off their all time high and asks how that’s a bubble?
• He’s buying airline stocks. Betty is incredulous. Doesn’t Jim Rogers know about high fuel prices and airline bankruptcies? Again, Jim points out that 24 bankruptcies is positive to the other airlines who are making the necessary adjustments and flying with full airplanes. Bankruptcies signal a bottom, not a top.
• Stocks are in a bear market and financial stocks typically go to very low prices in bear markets. He is short Citi, Fannie and the Financial ETF (you actually can buy the ETF to be short the sector).
• For currencies, Jim mentions owning Swiss Franc, Japanese Yen and Chinese Renmimbi.

Currently, Jim Rogers has been buying agriculture, even in China (through stocks).

Jim indicated that someone must have finally given Ben Bernanke an economics lesson because just this week he finally admitted that when the dollar goes down, all Americans suffer. He was very critical of the Fed buying up $400 billion in garbage paper to salvage banks with only a total capitalization of $800 billion to work with. What are they going to do next?

All Jim knows is the same thing I know; the U.S. Taxpayer is going to foot the bill while young Wall Street tycoons drive around in Maserati’s.

Unfortunately you can’t just buy into Jim Rogers fund or have him manage your money – at least I can’t.

What you can do is buy the things that people who think like Jim Rogers and follow Jim’s advice do. The best way I know of is to follow the advice of Casey Research.

For commodities in general, including a lot of gold and silver, check out International Speculator.

For oil and energy related investments, take look at Casey Energy Speculator.