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Jim Rogers: Turmoil Is Coming
Submitted by Adam Taggart via Peak Prosperity,
Two years since his last interview with us, investor Jim Rogers returns and notes that the risks he warned of last time have only gotten worse. In this week's podcast, Jim shares his rational for predicting:
- increased wealth confiscation by the central planners
- a pending major financial market collapse
- gold's return as the preferred safe haven investment
- more oil price weakness, followed by a trend reversal
- Russia's rebound
- a China bubble reckoning
- agriculture's long-term value
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. There's going to come a time when there is not much the central banks can do when they have lost all credibility. When governments have lost all credibility. 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. But, if somehow they are miracle workers, be very, very careful. I would be worried about 2022 – 2023 then. The game will definitely be up if it's not up this time around.
My US Dollar holding is my largest position. Not because I have any confidence in the US Dollar; it's a terribly, terribly flawed currency. We are the largest debtor nation in the world’s history. And the debt is going higher and higher and higher. But there is going to be more turmoil coming. And during periods of turmoil people flee to a safe haven. The US Dollar is not a safe haven, but many people think it is, and they don’t know what else to do. So they will go to the US Dollar. They are not going to go to the yen. They are not going to go to the Euro.
We may even see the US dollar, for a variety of reasons, turn into a bubble. That of course is not good for gold. Gold may drop a lot, at which point I would have to sell my US Dollars and hopefully be smart enough to buy gold.
Click the play button below to listen to Chris' interview with Jim Rogers (26m:16s)
* * *
But that's not all Rogers has said recently (as Sputnik reports)...
Despite the Western efforts to discourage investors from participating in the St. Petersburg Economic Forum, the affair is in full swing. Jim Rogers, legendary investor and chairman of Beeland Interests, is in attendance, and he told Radio Sputnik that the Russian economy may be the most promising market for fellow investors."Well, it’s gonna change the world," Rogers says when asked about the role of the BRICS Bank. "You know, the world has been dominated by IMF, World Bank, and other American-controlled institutions, and that’s never good, that only one players in charge of everything. So now we’re going to have competition…"This will be very good for the world," he adds.
Speaking with Radio Sputnik, Rogers notes how the United States economic actions are driving other together, in particular Russia and China. In the long-term, that new economic alliance can only hurt the US, as it continues to impose unfair sanctions.
"I suspect even Japan, eventually, will be closer and closer to Russia, just because they need to. That’s where the transportation will be, that’s where the natural resources are," he says. "Go east, don’t go west."
When asked specifically about what investments to watch for in the future, Rogers offered sage advice.
"I was bearish on Russia for forty-seven years, and the last couple of years Russia has changed, so I’m changing," he said."If you can invest in change, and you buy it at a good price, you’re probably going to make a lot of money."
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Looks like more than turmoil is coming in July...
http://www.silverdoctors.com/eye-of-the-storm-things-will-get-interestin...
Real question is what happens with this fall's Spanish elections...market has not even considered the fact that Podemos may just win in Spain (think Syriza squared).
What happens when Podemos wins, and declares Troika debt as illegal?
As far as Jimmy turning bullish on the Ruskies, outside of their FIFA bid, its hard not to be bullish on Russia. Heck, even the Saudi's are trying to make Putin an oil deal he can't refuse.
Love me some Jim Rogers! Wise man.
during periods of turmoil people flee to a safe haven. The US Dollar is not a safe haven, but many people think it is, and they don’t know what else to do. So they will go to the US Dollar. They are not going to go to the yen. They are not going to go to the Euro.
Just so. It's not that the dollar is worth a damn, but everything else that can be bought in size, is worse.
GOD knows that Jim Rogers is short in a big way so he now has a book to sell.
Sell it Jimbo!
HINT: the solution involves a chip in your forehead...XIBALBA knows.
They didn't deal with the last one!
Bullish turmoil.
oh yeah, competition he says, sure. The black tyranny of russia and china is good?
Italy is the straw that will bust the camel's back.
and Spain
Those crazies in Brussels will be the straw that breaks the camel's back.
The onus is on the Dutch.
Got tulips?
The Dutch...Blowing up Bubble Markets for centuries. Place yer faith in them.
Jom Rogers is a clapped out old fart who boasts about siring Chinese daughters at the age of 86.
Dude,
Girls are scarce in China. Will bring a better price on the black market than kidneys or bear's gall bladder.
Chill;)
Well in fact I emigrated to Singapore so that my dog can become fluent in Mandarin.
No Erectile Dysfunction for him, eh?
You probably live on Viagra.
A white man fathering children is something to be proud of at any age.
Any suggestions on "buying Russia" (stocks)?
Yes, to buy Russia, just buy vodka, and lots of it.
While you still can... http://galeinnes.blogspot.com/2015/06/conspiracy-theory-war-on-alcohol.h...
Ask Boris. He has in insulated copper mining operation that always needs angel investors.
Jim Rogers? Really? That's what ZH has come to?
It's time to start reducing content...
Exactly. Why anyone would listen to the bloviations of this porcine putz is beyond me.
As opposed to say, Charles Biderman of Trim Tabs? Or maybe Marc to Market of Brown Brothers Harriman?
Please. Rogers is an intellectual giant comapred to those mental midgets.
Well said, and unlike many others, he puts his own money to work.
Skin in the game.
I mean to any jackass jawing his book.
He's been on zh pretty much the whole time. But this recent prediction of global collapse was not accompanied with a recommend to buy every farm in sight. He just wanted to talk up the gold price in the event of USD moonshot. i.e. he's holding a LOT of gold.
Yeah, in addition to his oriental potency boasts he was always preaching that farmers will be driving Maseratis and that commodities are the asset to invest in.
He's one of the people who inspired me to become a farmer. He's a very smart guy and he's right.
I'm not sure why the new people are hand waving and screaming about Jimmy Rogers. He's been a ZH staple for the duration, but maybe they weren't here for that whole last 6 years part.
Beware the American CURSE! >>> https://biblicisminstitute.wordpress.com/2014/07/17/is-america-cursed/
Rogers is applying for membership to the 'IMMINENT' idiots club
US and others set up the nuclear programs in Iran.
Late 1970s: Rumors Shah of Iran developing nuclear weapon program
1979: US stops supplying Iran w/highly enriched uranium
1984: Senator Alan Cranston claims Iran is 7 years away from making a nuclear weapon
1992: Natanyahu says Iran is 3 to 5 years from making a nuclear weapon
1992: Shimon Peres tells French TV that Iran set to have nuclear warheads by 1999
1992: Joseph Alpher says Iran has to be identified as Enemy #1
1995: Iran 5 years away from having nuclear weapon
1997: Iran unlikely to acquire nuclear weapons for 8-10 years
1998: Rumsfeld reports Iran has intercontinental ballistic missile
2002: CIA danger of nuclear-tipped missile from Iran higher than during cold war.
2002: Iran insists its efforts are peaceful, but is found in breach of its IAEA safeguards agreement, and accused by the IAEA of a "pattern of concealment."
2004: Colin Powell tells reporters that Iran had been working on technology to fit a nuclear warhead onto a missile.
2005: US presents 1,000 pages of designs and other documentation allegedly retrieved from a computer laptop in Iran....are dismissed by Iran as forgeries by hostile intelligence services.
2006: Seymour Hersh quotes US sources saying that a strike on Iran is all but inevitable,
2007: President Bush warns that a nuclear-armed Iran could lead to "World War III."
2007: Reported an unclassified National Intelligence Estimate (NIE) on Iran is released, which controversially judges with "high confidence" that Iran had given up its nuclear weapons effort in fall 2003.
June 2008: Then-US Ambassador to the United Nations John Bolton predicts that Israel will attack Iran before January 2009
May 200: US Senate Foreign Relations Committee reports states: "There is no sign that Iran's leaders have ordered up a bomb."
2010: Jeffrey Goldberg reports "a nuclear Iran poses the gravest threat since Hitler to the physical survival of the Jewish people." Mr. Goldberg predicts that Israel will launch a strike by July 2011.
2010: Stuxnet played havoc with Iran's nuclear program
January 2011: Iran would not be able to produce a nuclear weapon until 2015
January 2011: Federation of American Scientists "Tehran already has the technical capability to produce a "crude" nuclear device."
February 2011: James Clapper "“Iran is keeping the option open to develop nuclear weapons"
November 2011: The IAEA claims for the first time that Iran is has worked on weapons-related activities for years,
July 2013: Netanyahu on Face the Nation: Iran closer to nuclear weapons that can strike US
I thought that was going to be a list of bad Rogers calls.
Why do you care about that list? That's stupid. You're stupid! :)
It meets the hyperventilating, mouthbreathing, 'bad call' criteria by any definition (which is, in addition, underscored by the number of NSA/CIA interested 'junks' the comment accrued in rapid fire).
FFS, wasn't Rogers riding around naked on a motherfucking tractor in Canada just a few years back? So I guess he topticked the farmland 'GREEN ACRES' economy (from Singapore, no less).
NSA/CIA? No me and other regular ZH posters....a -1 for using a completely unrelated topic to criticize Rogers.
So tell me, in detail, how Rogers has materially improved your life over the past decade.
- He says the same damn thing as everyone else here says
- Apparently, WE'RE ALL WRONG, because the joobuck printing fools have control of the printing presses.
That's it. That's the end of ALL analysis, prognostication, & timeframes.
Apparently my explanation wasn't clear enough for you?
FRANK-ly, I'm not really interested in your explanation.
My point stands as is & on its own merits.
- Rogers (while a fan favorite), simply regurgitates the same old shit WE ALL know & believe in
- WE'VE ALL BEEN FUCKING WRONG (over the past 5 years), because NOT FUCKING ONE OF US was able to comprehend the ultimate longevity of the money printers & the eventual impact upon, for lack of a better metaphor, 'can kicking'.
I used the 'IRAN NUKES' example. Perhaps it was a good one, perhaps not. It simply was the first thing that popped into my head which aptly demonstrated how LONG a ruse could go on behind a NORMAL PERSON's comprehension as to how long ruses could possibly endure.
- perhaps I should have used the Kennedy assasination
- perhaps moon landings
- perhaps 9/11
In any case, the subject here is Rogers. OK, yeah, he's probably right. For that matter, Simon Black, David Stockman, etc, etc are probably right too (as well as all the SHEMITAH prognosticators).
But Jesus Tapdancing Christ, the average goddamned CNBC shills (like Joe LaVorgna, Cramer, Liesman, or Hilsenrath could boast an equal track record). While we all know that they're just 'shills', the average Joe knows NOTHING.
So bring on the fucking asteroid FFS.
I'm as sick of this shit as you or anyone else. But I don't need fucking images of Jim Rogers naked on a tractor to remind me how fucked up it all is.
PEACE OUT
No worries mate. I hear you and I wasn't sticking up for Rogers or anyone else. You are correct on the situation at hand.
It is FUBAR.
Dude you've been here a fucking week. How can you be tired already?
Couple years? Try couple months. This shitshow's topping out.
He has the unique ability of saying something,without really meaning anything,of any human being I've ever heard..
You mean besides Obama, Hillary, Bush and all the rest of the ZOG owned politicians?!?
JIM ROGERS THE ULTIMATE BROKEN CLOCK!!!!!!
that's pretty much what I said above (using a different context, which, apparently hit a nerve with certain uncontrollably zealous parties).
There indeed appear to be numerous parties on this thread who think the sun shines out of JR's ass. Guess they must have made a fortune on his investment advice.
I spent a couple of hours going through the Sauds cabels there really isn't shit in there under the search oil price except an admission from some unclear source that the Saud's need the money and are going to have to get really creative with their budgets if oil hits 70-80 a barrel (not new news here), If this means anything it supports Rogers theory that oil will crater followed by a trend reversal.
From what I have seen so far the cabels don't appear as any great leak at all. Sounds more like political speeches where the Sauds proclaim concern for the Palestinians, the destruction of Lebanon and a bunch of other horse shit.
Mean while, the neocon turds, as predicted, are overflowing the septic tank.
The latest is Rove on repealing the 2nd.
Link: http://dailycaller.com/2015/06/21/karl-rove-only-way-to-stop-the-violenc...
Don't forget, the neocons already have an Article V convention ratified and on tap to be used to gut the Constitution. They will use states rights, gay marriage, conflicting state gun laws, etc. as an excuse, and then gut the Constitution to the bone. Doing so will leave little but gristle on the bone for those of us of a Liberty mind trying to stir the sheeple awake.
Tyranny is here.
Liberty is a demand. Tyranny is submission..
Most say armegeddon is 6 months away!
He says it’s 6 years away!!!
How can you aver be wrong with those kind of predictions???
My bet is augustus and if things recover we’ll have to wait another 12 months.
But this game is so rigged and so few people actually care, we can keep fucking things up.
This week I’m selling my stocks when they go ex divivdend and I’ll stay out for 2 months but that’s it.
Eternal scare mongering is bad for your finances.
Nobody knows when that "bridge" will collapse. Judging their financial assessments based on timelines is stupid. He doesn't know when it's going to come down and he's said as much for years. We've all been here waiting for this to slowly unravel for those same years. We all know it's coming, but nobody knows the timing, and if they did, they wouldn't be telling us, they'd be trading it.
His most important comments are that the situation is worse, and confirming most of our previous opinions that metals will win the day in the end, but not before the dollar goes into extreme bubble territory. I'd guess the CHF will do the same.
The fact that 'Most' people are predicting 6 months is interesting. These things tend to last a lot longer than anyone anticipates. I have no doubt that the FED has a few more tricks up it's sleeve. To all you bears, you can look forward to the Dow going a lot higher yet.
And 7 billion people know that Jim Rogers has money. May the force be with you.
No rfid required, you're a node.
QBit for all those bitcoiner's can break any vault. 2-50012 quant computing
Minority report.
JH15
Well worth the listen.
https://youtu.be/oqGEz9IqOrE
You will be assimilated
Jim Rogers is one of today's financial entertainer. Thsts it. For those who needs others to think for them, he's their idol.
What's with the peanut gallery talking shit on Jimmy Rogers?
Let's stroll back memory fucking lane for a moment. Imagine it's 2006 - 2007. Who the fuck was on TV talking about a epic financial collapse and housing crash as an imminent eventuality and being laughed at on live television?????
DING DING DING FUCKETY DING DING
Notably: Jimmy Rogers and Peter Schiff
others included Nouriel Roubini, Nassim Taleb, then later Kyle Bass and others.
I was at the FRBNY during the fucking crash. I remember how they were all clueless at the time, and how most financial professionals derided and talked the same shit you fucktards are saying then. I also remember the CNBC bullshit remarks that were thrown against Schiff and Rogers... "stopped clock" is top 5. So, Me, I'm sticking with Jimmy Rogers. He's right.
Its also interesting that the people talking shit on Rogers are all have relatively new accounts on ZH.
I'd recommend you eat some humble pie and bite your fucking tongue. Otherwise we'll all be laughing at you in 3 years, or not, whatever.
Can't argue with you. There are only a handful of people I wouldn't spit on in the world of finance and Jim Rogers is one of them.
Most of the others aren't worth shit.
Very soon, locusts will denude the planet.
-----
locusts == debtors.
locusts == banksters.
locusts == government.
locusts == handout recipients.
locusts == everyone except prudent savers.
Most frugal savers of this world will be WIPED OUT by locusts.
A very few of the more wise frugal savers will get the hell outta dodge (western nations, large nations), and hold all their wealth in very well hidden (buried) precious metals, or even better, productive land and equipment somewhere in extremely rural areas (that are also far off any major highway or freeway).
geeeee.... on the basis of what Jim?
I call BULLSHIT on the One Liner Ear Porn Toting Bloviating Pontificating Mr. Rogers Neighborhood.
Ohhh....
and go Fuck yourself for repeating it Taggart you dumbass.
Brilliant.
Two years ago things looked bad.
Now things really look bad and in a year or two, or three...
Brilliant, A guy who makes one great call years, turns it into a life time of everyone kissing his ring and buying his books.
Brilliant.
What former Obama lachy was short russia? LOL
Well he must LOVE silver.
It's wayyyyyyyy below 50% of it's highs.