Jim Rogers: "The Whole 'Economic' World Is Artificial... It's Going To End Very Badly"
"There is a huge artificial boom going on," warns Jim Rogers as for the first time in history, all the world's major central banks are simultaneously printing money. While he remains adamant of the positive outlook for agriculture, the fact that "the whole world is trying to debase their currencies," produces a "major disconnect" between asset values and economic realities. Stocks are at new highs, not based on reality, but on printing presses "and that cannot work... this is going to end very very badly." While not all western economies are as egregious as others, the intertwined nature means their fate remains very much tethered to the US, and as Rogers concludes, "everybody will suffer, be very very careful as these are perilous times."
His initial thoughts on the shortage of farmers and the outlook for agriculutre are fascinating but his short-and-sweet explanation of the macro big picture begins around 3:20:
- advertisements -