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Jim Rogers: "Be Worried & Be Careful...The Emerging Market Crisis Is Not Over Yet"
UBS' George Magnus believes the next global economic "crisis"' lightning rod will be the emerging markets and as Jim Rogers tells BoomBust's Erin Ade in this brief interview, "the emerging market crisis has only just begun." While Rogers is careful to add that there are lots of emerging markets - "some better than others;" he warns that "there are some serious problems out there and they are going to get worse." Who is to blame? The Fed, of course - "by driving rates so low and providing as much liquidity as anyone in the world could want, the EMs have borrowed to cover up their real problems... be worried."
90 Seconds of simple clarity
From 17:00 to 18:30
Transcript:
For Turkey, Indonesia, India, Brazil - this is not over yet - "they have serious problems and are not being resolved."
The major problem is the Federal Reserve: with interest rates at such low levels, people can borrow lots of money - and America is printing a lot of money so there's plenty to go around
A lot of countries have borrowed money at cheap rates which covers up their problems... they haven't addressed their real problems; and so now, we have a huge problem facing us and it's going to get worse.
This is not over yet - you should be worried, be careful, and be prepared
Obligatory Erin Ade collage:
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No disrespect to Erin, but I sure miss Lauren Lyster.
Nothing like another CRISIS to get the BALL ROLLING again:
RED ALERT: Coming Currency Collapse & Bullion Banks Rush To Increase Registered Gold Inventorieshttp://srsroccoreport.com/red-alert-coming-currency-collapse-bullion-ban...
Hey!! If you click on the picture, everything about her gets even bigger!
I love chicks who don't wear bra's
That's the good kind of inflation.
I've watched for 30 years as "credit crisis" after "credit crisis" was swept under the rug. They pack 'em, stack 'em and rack 'em. Still there, being slowly written off decades after the incident happened. A few minor defaults here and there, but mostly the sovereigns absorb them and then repress (and/or devalue) to make the carry cost of that debt livable.
In the short run, this "crisis" is over, just like all those that came before are "over". The real world consequences still happen to a certain extent, but the paper asset world trundles merrily along it's way.
Someday this will end. But not today.
And steadily gold continues to climb higher. Surprise, surprise.
i miss Trish Regan . giggitty.
"They pack 'em, stack 'em and rack 'em."
I missed the pack 'em and stack 'em, but I did see the rack.
Jim Rogers - there's another one who has been wrong for 5 years running.
Jim Rogers - He and Marc Faber are always quoted and always wrong.
OT -
this just in: US takes gold in both the men's and the women's "BOA-IOC consumer credit default" event at the winter olympics
"We are just thrilled at how our athletes came through in this event," the coach said. "Loading up the card with an extra $17 as time was running out really made the difference."
congratulations to our athletes. finally a chance now to relax and have multi-partner encounters with VIP attendees.
hugs,
the sochi hospitality club
I love chicks who don't wear bra's
as a tit coneseur, I can tell you she's wearing a "wonder bra"
She's like a frmale Henry Bloget at yahoo. She seems to have less style and freedom at yahoo.
i have something emerging watching erin ade...
Why is this forum so pro-Jim Rogers. The guy has been consistently wrong for going on 4-years now. One day the market will fall out and he can finally say ah-ha told you so, but everyone of us expects that by now or we wouldn't be on zero hedge. But until then, he's wrong time and time again.
grey is neither black or white
Elekt....So...we can asume you are 100% invested with no hedges and will remain so.
Why can we assume that? I'm 25% invested in equities and ~10% invested in metals. I would never be put all my eggs in a single basket, no matter how bullish the trend is. I'm scaling more and more out of equities the higher we go, but I see no reason to panic. Follow what Rogers has been saying for the past 4-5 years and you would have missed the entire move. The guys a joker.
Equities? All time highs? No reason to panic? I guess you weren't old enough to have any investments in 2008 or in 2001 or 1995.
http://flic.kr/p/enJ7Cs
You clearly don't understand how this works. You're not insider trading. You're not able to reverse bad trades. You can't peer into others' bank accounts.
You can't count how many people are on the wrong side of the trade, and make it wrong by moving the markets.
As soon as you & other suckers are all-in to the market to avoid missing a move you'll be taken to the wood shed & butchered. It's a rigged game. They're watching every trade you make, and what's in your account waiting for future trades, and will slam down the market as soon as you're in enough, and so are others.
The only reason the market went up is because they saw others were sold out, bankrupt, not able to buy in.
If there were still people in the market in 2008-9 the market would have been slammed down because they are not shaken out yet.
This has ZERO to do with price or value. The ONE thing Jim Rogers always tells you: if too many people are on one side of the boat DON'T BE THERE. That's the facts of the rigged market.
(Removed for double post)
His timeline is decades. If your timeline was weeks you'd be OK with being wrong for an entire 5 minutes to 48 hours.
What he can't cash out for himself is for his children: he's already cashed in big time once and I'm sure he doesn't give a shit now as long as his children are taken care of.
(Removed for double post)
I don't know. Erin looks quite delicious. Maybe she borrowed money from the FED to pay for those implants. Me likee. Bitches.
"No disrespect to Erin, but I sure miss Lauren Lyster."
This chick doing the flexyflex, plus a few beers for insurance (just can´t trust those experienced KGB makeup artists over at RT), and you´ll be droolin´ man.
I like them both.
i heart jim rogers. digging the suspenders. lol
Jim has been bullish emerging markets until now.
Like all groupies, ZHers are willing to overlook the flaws or contradictions of people they like.
One should not have any heros that they do not personally know, and even then, it is dangerous to idolize.
Gee, no shit, Jim.
How do you keep getting interviews??
Because he made billions cleaning out markets with Soros.
touche, Soul G.
Damn!
This Vice tour of the Chinese ghost towns is pretty scary, 64 million empty homes:
https://www.youtube.com/watch?v=trs_udhjWqc&feature=c4-overview&list=UUZ...
Very interesting piece on the Chinese Ghost Towns. Thanks for posting.
She is wild!
Fiat is a bad system he is absolutley right!! We need to take back our liberty and financial sovergnty. The crypto currency train has left the station. Pandora is out of the box, there is a money revolution happening as we speak. I'm sick of this crappy government money we have been forced to use for the last 100 years. Losing 98% of its value, what a joke. Why havent we revolted yet?? Crypto currencies are changing that slowly but surely, the revolution is coming
Worst case scenario:
- lights out
- no Internet
- no bitcoins wallets function
- you die
You and bitcoin can go fuck yourselves!!
I just don't understand all the Bitcoin hate, did you get raped by a bitcoin or something?? Do you even fully understand BTC?? From what I have seen thus far, the only people that "hate" BTC are those that have not taken the time to fully understand it. Also if someone is all for using BTC, that doesnt mean that they arent diversified. I just don't understand people that hate something that gives them totall liberty with transactions. Are you a statist??
Bitcoins are a shity electronic money which kills the process of anonimity.
Since it uses a public blockchain, everyone can download it and have a look at transactions with bitcoins.
It uses cryptography initially developed by the NSA.
Since it is peer to peer and uses a public blockchain it needs the Internet.
Shit-hit-the-fan scenario makes electronic money like bitcoins useless. Unlike silver, gold, seeds, bottled water, food reserves, bullets which are better store of wealth than electronic money designed probably by the NSA.
Each so called anonymous
address of Bitcoin protocol, when it makes a transaction the Internet IP of the owner goes along with that transaction. So a skilled IT agency like the NSA can actually have a pretty good idea who and where is located every dumb fat fuck geek that uses bitcoins.
I love how people on this site are all gung-ho for shtf moment. Let me know how close you are to all your materials when it goes down quickly. Hope you are within arms reach otherwise you better have a whole lot of good karma coming your way. Or, the collapse, if it happens in your lifetime, will slow and insidious. In the rapid crash only pure luck will let you survive the first 48, after that, get familiar with cannibalism.
No, generally in the past pure luck has no such effect. Those who survive are super prepared, very clever, good instincts.
Everyone else is fucked. You've just never seen prepared people handle their shit.
Disclaimer: While I'm only not a huge fan of BTC because I didn't mine 'em when I could have...
I think like all irrational thought you are going to an extremely unlikely scenario. There will always be rich, powerful people in other parts pf the world that won't suffer the debilitating shock of currency destruction. They'll still trade BTC when the troglodyte's power is out and will be there when it comes back on. Its almost as irrationally absurd as to state that Google's stock will one day be $10 a share.
no, they won't, which is why they aren't now either. Those who are most rich, most elite, use gold, diamonds, sapphires, paintings & mansions or yachts as money.
Bitcoin has no purpose for them but to use as a honeypot to lure in fools who otherwise might have had a chance to avoid being poor.
This is how you're kept poor, put back in your place, by them.
but it doesn't. It actually gets me all money lost & no way to be assured goods or services are ever received.
It offers nothing that you promise.
Erin Ade? Boyish hips, Waspish features and breasts that are destined to soon be pointing downward.
To each his own...
Also demonicaly possed look on her face.
She looks like she made a satanical pact.
Not yet, but soon.
from Positive Reinforcer (QE...create more to get more of) to Negative Punisher (Taper...take away to get less of)...with ZERO "forward guidance" for said change.
this has not only smashed into "emerging markets" but also (obviously) Japan and Argentina. so now a huge production boom in the USA (in energy in particular) will now meet another huge production boom "of every widget imaginable." all with the backdrop of dollar shortages. won't this force everyone to produce more as a consequence? where is my "value added"? how do i make money here?
the risk of course is that "gold will just sit there and do nothing."
having said that if prices start to fall then obviously all gold need do is "just sit there" as its value (what could be bought with it...in dollar terms) would increase enormously.
the same of course would be true of cash flow...discounted.
In theory the same could be true of a "benefit check" (transfer payment) as well.
All without any economic recovery...pretty much anywhere on earth.
Whether by design or merely as a byproduct of globalization we have weaved a web of financial transactions that circle the globe. Over the last several years as money was printed by the central Banks it was not contained in the countries where in was printed. This money flowed across borders influencing and distorting markets and prices across the world.
Some people have been calling for a "world currency" for years. the saying "one should never let a good crisis go to waste" means a meltdown with high levels of fear would present a perfect opportunity and catalyst to advance this agenda down the field. Remember many people with agendas have a lot to gain when a major shift in the currency markets takes place. More in the post below,
http://brucewilds.blogspot.com/2014/02/contagion-may-lead-to-new-world-c...
That's the plan AT. A completely unaccountable world central bank to plunder and concentrate wealth on a global basis.
'Pleased to meet you. Hope you guess my name. But what's puzzling you is the nature of my game...'
You do realize that Erin supports Bitcoin right? How are you going to put a negative spin on crypto by showing off her beauty?
I thought she was working on "slitcion"....
So where's the pole and the 12" dildo in those dance pictures?
get real anyone here would lever up for some of that. i do miss laurens legs tho
Me too. Lauren is a sexy thang.
"Open markets and free trade is good for everybody".
Sorry Jimmy I have to disagree with you on that one. Open markets and free trade is destroying our middle class or at least a good bit of it. There's no way in hell our workers can compete with workers who are making pennies a day, with no health care, no retirement, etc.
Imo America needs to put some sort of FAIR tarriffs on imported goods. Determining what is fair isn't going to be easy but it's do-able.
All those "smart people" deciding on what is "fair"? This is what leads to problems rather than solves them. Drive up the cost of imports and create more expensive domestic products. It will help almost no one and hurt almost all of us. We had a nice run after WWII. Now we compete with the entire world. Lets concentrate on that instead of even thinking about wasting time and money on protecting an anachronism.
Long raises a valid point tha t historically protectionism has enabled countries to grow. So what's the choice? Go back and try what has worked and hope it still has value or try something new in hopes of a different outcome? Humans are quite shitty at new ideas and we tend to kill those who are visionaries, so I guess we are stuck with the current marriage of foot, can, and road.
not valid: if protectionism had been used the people who did benefit wouldn't have immigrated in the first place.
Open markets & free trade BUILT that middle class.
What's destroying them is the removal of all free markets.
Now you have
immigration restrictions on PEOPLE but not on CORPORATIONS
tariffs
high taxes
currency wars
and illegalization of various commodities that are in real demand & perhaps even have real use.
If you wanted to run a thorium reactor or to have a cannabis farm, most of the developed world, you'd be put in prison.
There's no good reason for that.
All of this is anti-freemarket. Shipping jobs to China is ANTI-freemarket. It's cheaper not to ship them, in raw energy & work-hours terms, the only "cheaper" way it goes opposite is the fraud of central banking fiat printing. Currency wars & trade-wars.
You've been fooled.
Determining what is fair is easy: no more stealing & war to get resources, a return to a free market. You're seeing the opposite today.
Financial media whore/porn star.
money bunnys, well aware of that scam
I will take baauty where ever I can find it, thank you very much.
A wee bit of envy there, envy for what one doesn't have?
I went home and listened to Jimmy Rogers in my lunch break
Surely they've discussed a slight tweak to the show's title:
'BOOM! Here's My Bust!'
Mutton dressed as man. Got some strong manly features that one.
Serious case of Dude Face.
Is Erin single?
Bubble Chronicles: Bitcoin Crashed Down Fast to $500 at Mt. Gox and $102 at BTC-e today.
After all the news about the Mt. Gox and Russia making any transactions with Bitcoin illegal, Bitcoin is crashing fast now with Mt. Gox quoting below any other exchanges at $530 and Litecoin is down to $15.Bitcoin has printed low $500 on Mt Gox and fell as low as $102 at BTC-e today! So much for the crypto-currency reliability as exchange, the "value" of vapour currency can literally evaporate at any moment.
Update:
I can't stand this broad. Don't get me wrong, I'd bang it like there was no tomorrow, but I can't take ditzy bitches and financial info at the same time.
She doesn't seem ditzy to me. She seems to understand what she's talking about.
Same with Perianne though she's a bit tongue-tied and I think that's why they moved her off the finance stories.
I am really tired of seeing a story about this bow-tied prick on an almost daily basis, somewhere in the media. Does he have a day job?
How about a story citing a single non-Soros example of him actually being right about something?
Save Rogers for MSNBC.