Jim Rogers

Jim Rogers: There's A 100% Probability Of A U.S. Recession Within A Year

Legendary billionaire investor Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months. During an interview on BloombergTV, he explained why he had covered his position in the Japanese yen, saying that the nation is "printing a lot" of the currency. Rogers also warned that there is a "100 percent" probability of a recession in the U.S. within a year, and with debt levels very high across the nation, this is a grave concern.

Jim Rogers Warns "Governments Plan Is To Destroy The People Who Save"

"Everybody should be worried.. and be prepared," warns legendary investor Jim Rogers, as he sees the market "facing a bigger collapse than in 2008," and the central banks will be unable to kick the can much longer. "This is the first time in recorded history where you have Central Banks & governments setting out to destroy the people who save & invest," Rogers exclaims and "the markets are telling us that something is wrong - we're getting close."

Frontrunning: October 2

  • U.S., Allies Demand Russia Stop Attacks on Syria Opposition (BBG)
  • Russian Airstrikes Defend Strategic Assad Regime Stronghold on Syria’s Coast (WSJ)
  • Emerging Stocks Head for Weekly Advance Before U.S. Jobs Data (BBG)
  • Wage Strife Clouds Car-Sales Boom (WSJ)
  • Oregon town reels from classroom carnage (Reuters)
  • Oregon shooter came from California, described as shy and skittish (Reuters)

Confusing Inevitable With Imminent

The U.S. dollar is looking good worldwide and, in fact, so is gold - it’s just that, at present, the dollar is in the number one spot. But, unlike gold, the dollar is at risk. U.S. debt has placed it in a precarious position from which it will most certainly fall. The dollar is not a truly strong currency; it is essentially, “the best looking horse in the glue factory.” It will be the last to go, but it will indeed go. We may have a bit of time before that happens. Whether it’s measured in months or years, we can’t be certain. A gold mania is not imminent, but we believe it is inevitable.

Will China Invade Alaska, Canada? Will Russia?

Five Chinese navy ships are currently operating in the Bering Sea off the coast of Alaska, the Wall Street Journal reported Wednesday, marking the first time the U.S. military has seen them in the area. Why the sudden interest? Because the Chinese have been studying the cycles. From generational theorists William Strauss and Neil Howe, they have learned that political/cultural cycles last only 65 years, and then they collapse, cycles first observed by Taoist monks and Roman philosophers. And China is exactly 66 years advanced since the Chinese Communist Revolution of 1949. In terms of generational cycles, China is on the eve of destruction. (In terms of the Strauss/Howe theory, so are we.)

Are The EU And Asia Turning A Blind Eye To Russian Sanctions?

We previously questioned whether western sanctions imposed on Russia were being regularly breached by E.U. and Asian companies, noting that sanctions only work if all countries unite behind them. Now, only one year after being imposed, the sanctions are eroding as it seems that government and business policies are pulling in opposite directions. A U.S. State Dept. representative may have let the truth slip out recently when he noted, "if you tell us you’re going [to break a sanction], we’ll probably order you not to, but if you go and don’t tell us, we’ll probably do nothing."

Jim Rogers: Turmoil Is Coming

"I suspect in the next year or two we will see some kind of major, major problems in the world financial markets. I would suspect when we have this correction, it's going to cause central banks to panic... they will print and spend and borrow, but there comes a time when people are just going to say 'We don’t want to play this game anymore'. And at that point, the world has serious, serious problems because there's nothing to rescue us. I suspect the next economic/financial collapse will be the one they can't deal with."

A Much Bigger Threat Than Our National Debt

"...the 'Ice Age' of low rates and low growth for a long time – as predicted by many analysts and economists – won’t happen. Instead, a crisis will cause a crash on Wall Street. The banks will go broke. The credit system will seize up. People will line up at ATMs to get cash and the cash will quickly run out. This will provoke the authorities to go full central bank retard. They will flood the system with “money” of all sorts. The ice will melt into a tidal wave of hyperinflation."