"The Market Knows It's Over" Jim Rogers Warns "We're All Going To Suffer"

Tyler Durden's picture

Submitted by Mac Slavo via SHTFPlan.com,

Back in the 1970’s as recession gripped the world for a decade, stocks stagnated and commodities crashed, investor Jim Rogers made a fortune. His understanding of markets, capital flows and timing is legendary.

As crisis struck in late 2008, he did it again, often recommending gold and silver to those looking for wealth preservation strategies – move that would have paid of multi-fold when precious metals hit all time highs in 2011. He warned that the crash would lead to massive job losses, dependence on government bailouts, and unprecedented central bank printing on a global scale.

Now, Rogers says that investors around the world are realizing that the jig is up. Stocks are over bloated and central banks will have little choice but to take action again. But this time, says Rogers in his latest interview with CrushTheStreet.com, there will be no stopping it and people all over the world are going to feel the pain, including in China and the United States.

We’re all going to suffer… I can think of very few places that won’t suffer. But most people are going to suffer the next time around.

 

 

Central banks will panic. They will do whatever they can to save the markets.

 

It’s artificial… it won’t work… there comes a time when no matter how much money you have, the market has more money.

 

 

I don’t know if they’ll even call it QE (Quantitative Easing) in the future… who knows what they’ll call it to disguise it… they’re going to try whatever they can… printing more money or lowering interest rates or buying more assets… but unfortunately, no matter how much P.R. or whitewashing they use, the market knows this is over and we’re not going to play this game anymore.

The entire world is about to get hammered and the average person on the street is the one who will pay the price, as is usually the case.

We can expect more losses in markets, more losses in jobs and more losses to freedom as governments and central banks point the finger at everyone but themselves.

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So Close's picture

Love me some Jim Rogers.

order66's picture

The race to see who can be least bankrupt. "The Great Postponement" has now ended and it's time to pay the tab.

Beam Me Up Scotty's picture

How can the Fed run out of money when they have a printing press and a keyboard? They have infinite money. I'm wrong you say? When's the last time you or anyone else audited them?? They will buy everything including the kitchen sink as long as someone will sell it to them to keep things propped up. Only reason markets go down is because they want them to.

Soul Glow's picture

Japan opened down 4%.  How's that NIRP working for you, BoJ?

Ignatius's picture

"We're all going to suffer."

Somehow I imagine that billionaire 'suffering' -- and I'm sure it must be heart wrenchingly painful -- is qualitatively less dire than joe sixpack suffering.

Scooby Dooby Doo's picture

Ah rhoo rhoo roo for Jim Rogers!

Scooby Dooby Doo's picture

Scooby's a good boy. Good Scooby good.

NoDebt's picture

Dude, this whole Scooby Doo persona thing isn't for you.  It's a marginal premise to begin with for the ZH audience and you don't even make the most of what little it has to offer.  

You need to stop trying to sound like Scooby and BE Scooby.  Be the ball, Danny.  Be the ball.

Scooby was a simple, honest character driven by base emotion.  You need to reflect that.  Doesn't mean you need to keep it G-rated on ZH.  In the cartoon Scooby never took a shit or laid the wood to Velma be we all know he did that off camera.  Why not let it all go and take some honest risk if you're committed to persisting in this characterization?

This is Fight Club.  Take the fucking gloves off and BE what Scooby would be in 2016 (assuming he wasn't dead of old age).  Angry, remorseful, alcoholic, addicted to prescription meds- whatever.  Have some fun with it.  This character needs an EDGE.

 

AldousHuxley's picture

Who knows what they are going to call it to disguise it

 

Well, Japanese Central Bank has a head start on this and they are now calling it QQE2quantitative and qualitative easing...#2.

 

In addition to government bonds, JCB bought ETFs and REITs as well as corporate bonds. 

We can expect Fed and ECB to do the same in the future....QQE buying SPY, HYG, as well as GM corporate bonds. Because if they buy it and hide it in their balance sheet, all is well with the status quo.


Four chan's picture

full retard...the sequel. 

Bokkenrijder's picture

Here's Jimbo Rogers again, touting his usual one-liners.

Was he right about the Dollar? NO!

Was he right about gold? NO!

Was he right about China? ("Bull in China") NO!

Was he right about commodities? NO!

Throw enough darts at a dartboard and eventually you'll hit something, and a stopped clock is also right two times per day.

Bye bye Jim, now go back on your exercise bike! (yeah go ahead with the minuses everybody!)

Bokkenrijder's picture

"I'd rather be in China than in Italy in the next downturn"

Well, good luck Jim when they will drive over you with a tank! And good luck when they Chinese secret police knocks on your door and you'll be convicted of some trumped up charges. Good luck Jim, in a country where HUNDREDS of millions might revolt if the Ponzi scheme comes crashing down! Good luck Jim, in a country which is run by a totalitarian regime with a total disregard for human life!

Idiot!

new game's picture

jim rodger reminds of that debate club looser that made it big in life as a honest lawyer.

plus he is a momas boy that grew up, fuck him. so he made a lot of money, so did i at a tyme.

he ran from merica, i=ll stay and fight. i don't run. stay over there ya pussi fuck...and stick that bow tie up you ars...i hate bow ties!!!

VinceFostersGhost's picture

 

 

 

Paid $1.29 for gas yesterday.

 

 

If it's the end of the world.....I feel fine.

ToSoft4Truth's picture

Gas at the Costco this past Saturday was $1.27 a gallon regular unleaded, self-serve. 

VinceFostersGhost's picture

 

 

 

The price of energy will necessary rise - Obama Alenskite disciple dickhead.

 

It doesn't work that way Pepe.

TeamDepends's picture

Only the rise in idiocy is assured.

redd_green's picture

Ate a big plate of refried beans for 5.00 yesterday, my gas was more expensive than yours, and I couldn't even run my car on it.

N0TME's picture

"i hate bow ties!!!" --- Unless they are worn by Agent 00 ..... oh ... nevermind.

ATM's picture

You don't think that shit happens in Italy or Germany or the USA?

You haven't paid much attention.

cheka's picture

rogers when qe started: dont short anything

dude was spot on

weburke's picture

time for us stock bomerange. up. 

jay35's picture

Qualitative easing? Isn't that what they give in their massage parlors?

HughAxton's picture

DoublePlus slowclap good

Toonces McGraw's picture

Hump a goddamn leg already Scoob!

peddling-fiction's picture

@NoDebt

Nailed it with your handy dandy nailgun...

Curiously_Crazy's picture

"..Angry, remorseful, alcoholic, addicted to prescription meds- whatever."

80%+ of ZH is one or more of the above without needing no stinkin persona ;)

Good post though +1

 

August's picture

Quality response to a lame premise.

Woof.

cornflakesdisease's picture

If you had a rectal transpant, it woud reject you.

MANvsMACHINE's picture

How did this guy ever partner with Soros?

SilverFish's picture

I heard somewhere it was Psilocybin mushrooms.

 

 

By the time they wore off, it was too late.

peddling-fiction's picture

But in the presence of such evil, that must have been a really bad trip. /lol

SilverFish's picture

Oh sure, it probably looked a lot like a Rob Zombie cartoon, inside Jim's head.

 

peddling-fiction's picture

He must have seen and heard the four hearts that have ticked in him, all ticking at once. /the horror

VinceFostersGhost's picture

 

 

 

 

 

How did this guy ever partner with Soros?

 

Fool me once...shame on you.

 

Won't get fooled again.

peddling-fiction's picture

Had he used Peyote instead, he would have never partnered with Soros.

Bad choice of psychedelic breath mints. /lol

BarkingCat's picture

Those were the early years... Soros was probably still able to hide his dark side...make it seem like he was simply ambitious.

Reichstag Fire Dept.'s picture

Imagine the bullshit Soros must say to fool Jim Rogers. Soros needed his genius...pro'ly why he's "done so well" for himself.

Reichstag Fire Dept.'s picture

Imagine the bullshit Soros must say to fool Jim Rogers. Soros needed his genius...pro'ly why he's "done so well" for himself.

dogismycopilot's picture

if you read Rogers books, he says in Adventure Capitalist that he joined Soros and basically didn't realize the guy was a brilliant pyschopath until he had worked with him for a few years. He left Soros not so much because he had all the money he needed, but because he thought Soros was immoral. 

Jonas Parker's picture

Now we have MDB with fur! C'mon Scooby, start pitching bit coin now!

rickv404's picture

Yes, but Jim will probably be scared shitless as he sees his porfolio shrink dramatically. He's well aware it could happen.

Reichstag Fire Dept.'s picture

Everyone's portfolio is going to shrink...unless you're in gold.

Arnold's picture

No cold water shrinkage there baby!

Trogdor's picture

Somehow I imagine that billionaire 'suffering' -- and I'm sure it must be heart wrenchingly painful -- is qualitatively less dire than joe sixpack suffering.

First World Problems .... ;)

SumTing Wong's picture

I miss francis sawyer, among others...

And I could handle a whole lot more of Boris.