Jim Rogers Warns: Albert Edwards Is Right "Sell Everything & Run For Your Lives"

Tyler Durden's picture

From Bitcoin to the Swiss gold referendum, and from Chinese trade and North Korean leadership, Jim Rogers covers a lot of ground in this excellent interview with Boom-Bust's Erin Ade. Rogers reflects on the end of the US bull market. citing a number of factors from breadth to the end of QE, adding that he agrees with Albert Edwards' perspective that now is the time to "sell everything and run for your lives," as the "consequences of [The Fed] are now being felt." Most notably though, Rogers believes the de-dollarization is here to stay as Western sanctions force many nations to find alternatives. Simply put, Rogers concludes, "we are all going to pay a terrible price for all this money-printing and debt."

 

 

Excerpts:

On US stocks:

This is the end of the bull market. Stocks will fall 20%

 

Market breadth is waning as evidenced by the lower number of stocks hitting new highs and trading above their 200-day moving averages. Small cap stocks have already corrected over 10 percent and almost half of the Nasdaq is down 20 percent – a bear market already.

 

Where is this headed? Consolidation is the bare minimum. But, depending on the real economy, it could be worse.

 

“Any pension plans, endowments, etc., are suffering because they invest for the futures and are finding that their situation has gotten worse," he says.

On The Fed:

"We are all going to pay a terrible price for all this money-printing...

 

They are doing this at the expense of people who save and invest.

 

They are doing it to bail out the people who borrowed huge amounts of money. The consequences are already being felt.

On de-dollarization:

The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March.

 

Russia and Iran have agreed to use their own national currencies in bilateral trade transactions rather than the U.S. dollar.

 

An original agreement to trade in rials and rubles was made earlier this month in a meeting between Russian Energy Minister Alexander Novak and Iranian Oil Minister Bijan Namdar Zanganeh.

 

Similarly, Russia and China also agreed to trade with each other using the ruble and yuan in early September, following a Russian deal with North Korea in June to trade in rubles

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gmak's picture

How's that Chinese bet going for you, Jim?

stinkhammer's picture

even a blind pig finds an acorn once and a while

max2205's picture

If you get oboelo from a plane flight and you can prove it who will pay for your cure and 21 day isolation.?  Cost is over 500k

Thomas's picture

My dark horse 21st century bet (long term) is Russia. Haven't figured out how to play it but an entry point stemming from more upheaval may be coming. If they get their act together--the Chinese did--Russia could grow steadily for a very long time in a resource-short world.

SAT 800's picture

I have fantasies about having a job interview with Putin and becoming his czar of industry; like Albert Speer for Hitler; I've got a list of things Russia needs to do to "suddenly surprise everyone" with a huge economic win. Basically, it involves going all in on a Russia for Russians program; lots of industrial production; they've been too lazy importing shit from Europe they could build themselves. Industry is the secret behind all modern wealth.

SAT 800's picture

I don't know anything about any long times; but I'm waiting for the time to buy the ruble; it's on my list of charts to look at every day.

funthea's picture

Is it even possible for her to be any better looking?

Falconsixone's picture

Do the opposite of what lil jimmy says, that's what he's going to do.

hobopants's picture

This guy always reminds me of Elmer Fudd for some reason.

g'kar's picture

Who has anything left to sell? They're all renting everything.

CASTBOUND's picture

my neighbor's ex-wife makes $77 /hour on the computer . She has been unemployed for seven months but last month her payment was $15804 just working on the computer for a few hours. go to the website... www.job-reports.com

SAT 800's picture

I don;t think this guy gets laid enough; he sure is a sour puss. "Sell everything and run"; that's kind of stupid advice, isn't it?

Stormtrooper's picture

So, did Mr. Rogers sell everything?  Is he running away for his life?  Is Jim Rogers a prophet or a hypocrite?

TahoeBilly2012's picture

I don't think ANY Billionaire type is going to put his billion in net worth into physical silver, farms and water wells. He made his big buck on growth and will keep a large chunk invested in the "system", doesn't mean he doesn't have plenty of bail out plans should things go wrong. What if he has $10 million in a get away survival property, silver and gold and food. He isn't talking about him he is talking about YOU, fool!

lickspitler's picture

Rogers, Farber,Sprott et al.    Tell me when they turn bullish. 

sun tzu's picture

They will be bullish when the governments get out of the way and allow a real correction

Its Only Rock N Roll's picture

They will be bullish when the governments get out of the way and allow a real COLLAPSE.

 

fixed er for ya

Keyser's picture

So, did Mr. Rogers sell everything?  Is he running away for his life? 

If you had actually watched the video, you would know that he did not make this statement... 

armageddon addahere's picture

He bailed years ago and moved to Singapore.

dogbreath's picture

dumb ass!     Marc Faber is in Thailand.   Jim is in Singapore

frankTHE COIN's picture

In 1989 when the Book " Market Wizards" came out, Mr Rodgers was Saying the same EXACT things about Japan's Stock Market and Real Estate. And it was an Amazing thing of BEAUTY to see them both Crash
Just like he Predicted.

casfoto's picture

I have listened to Rodgers for a long time. He tells you what he thinks. He has made fortunes. A prohet? A Hypocrit? He would say, call me what you want. So, Mr StormTrooper....you want to lay some money down? You want to make a bet? I'll bet with Jimmy that you will loose your ass. They keep digging at him to find out what this cagey dude knows. He doesn't do a Jimmy Krammer and give bull shit advise. He gives common sense attitudes. He is not begging. Most people are begging.

IrritableBowels's picture

Are you implying he's "in the loop"?

casfoto's picture

I have listened to Rodgers for a long time. He tells you what he thinks. He has made fortunes. A prohet? A Hypocrit? He would say, call me what you want. So, Mr StormTrooper....you want to lay some money down? You want to make a bet? I'll bet with Jimmy that you will loose your ass. They keep digging at him to find out what this cagey dude knows. He doesn't do a Jimmy Krammer and give bull shit advise. He gives common sense attitudes. He is not begging. Most people are begging.

yellencrash's picture

Totally off topic, but I want to start a farm and come home at night to that hottest journalist I've ever seen.

Save_America1st's picture

She's awesome...miss her RT show.  Was the best thing going while it lasted.  Now she's lost in the uselessness that is Yahoo...sad....

Tall Tom's picture

Lauryn Lyster is another media whore. A fucking presstitute.

 

ABC Yahoo knew how to shut her up. They offered her the big bucks with a contract and promised her the limelight on the big stage. Once she signed on that dotted line for the money then they just pulled the plug and restricted her reporting to the lame.

 

She sold out for the money instead of pursuing the investigative journalistic hidden truths. The money was too enticing and her personal greed got the best of her.

 

She is just another fucking whore in an attractive body...a high class piece of ass for a price which is worthy of disdain and contempt.

Jack Sheet's picture

all you have to do is f**k

after that you get the big buck...

buttmint's picture

yes, she pursued "fuck you money"

mkkby's picture

Tom, your comments are usually stupid but this one is actually retarded.

None of these talking heads are actually news reports, dumb ass.  They are just teleprompter readers.  Someone else reports the news and it gets typed into the teleprompter.   So she was never reporting and cannot be sell out.

If all you do is sit around and look pretty, and read someone else's words, you should at least do it for the highest bidder.

IrritableBowels's picture

I think a baldwin and that d'bag russell brand were on max keiser the other day.  What the hell is going on?

DeadFred's picture

That was my exact thought word for word when I read the comment (and watched the video)

Spitzer's picture

Derdre or Betty are hotter then both

Buckaroo Banzai's picture

Not crazy about her nose job.

DeadFred's picture

She has a nose? I didn't notice

Jack Sheet's picture

The show is evidently called Boom-BUST for a reason.

You should see her sisters: Lymonne, Bannde, and Foranne Ade.

Conax's picture

Since 'everything' would include silver, I would beg to differ with old Jim.

I think he means paper assets,  and 'everything' is just a melodramatically poor choice of words.

xcehn's picture

Only 20 percent drop, but run for the hills?

Calmyourself's picture

Funny, I have not seen that word the last few days : collapse, saving it for something this time around?

xcehn's picture

I have no confidence in the system, the fake recovery, or the odds of sustaining king dollar for ten more years. I try to plan as though black swans/collapse might happen tomorrow.

BeanusCountus's picture

Interesting that he doesnt mention anything about gold. Guess he has forgotten about it by now.

AccreditedEYE's picture

YAWN!!! What? Jim? How many years you gonna beat this drum??

css1971's picture

“I made my fortune by selling too early” - Baron Rothschild

spinone's picture

He'll be right one of these days.