Jim Rogers Warns "Governments Plan Is To Destroy The People Who Save"

Tyler Durden's picture

"Everybody should be worried.. and be prepared," warns legendary investor Jim Rogers, as he sees the market "facing a bigger collapse than in 2008," and the central banks will be unable to kick the can much longer. "This is the first time in recorded history where you have Central Banks & governments setting out to destroy the people who save & invest," Rogers exclaims and "the markets are telling us that something is wrong - we're getting close."

"The central bankers haven't given up yet... they think they are smarter than you and me and the market... they're not!"

Full interview with FutureMoneyTrends below...

Detailed breakdown

  • 1:20 Is this Market Crash Different?
  • 5:00 Cashless Society - it gives 'them' more control, it is bad for you and me. There is now way to exit from this.
  • 7:20 Crash will be Bigger - eventually the market is going to say "enough is enough"
  • 8:40 Gold - going much higher, may be opportunity to buy more lower first
  • 10:10 2016 Election, Donald Trump
  • 11:20 Where Jim is Investing - Short US equities, Short Junk bonds, Shorting Europe into rally
  • 12:30 China's Economy
  • 17:30 One investment over five years, sugar or rice or Russian Ruble

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LetThemEatRand's picture

I thought he sent all of his money back to Mexico.

nmewn's picture

Jeeez-Us not Hey-Zeus ;-)

Soul Glow's picture

Shanghai just collapsed.

SuperRay's picture

Down 2.3%? No problem. It'll be green by morning in the bullshit manipulated market.

JamesBond's picture

When can't you tell a fascist to go fuck themselves?  When they control the guns and the money.

 

 

jb

Stainless Steel Rat's picture

The Corporations want YOU to fight Uncle Sam.

(Actually Uncle Sam is not as good as a free market labor union or consumer's union. )

Gankfest's picture

I remember when the narrator said oil prices wouldn't go down.... Back in the day when he collaborated with NIA(Gerard Adams). Either way... Singularity will ensue.

Bokkenrijder's picture

The usual one-liners from Uncle Jim, without any real concrete advice. Funny how in the end he is asked if he could only hold 1 investment for 5 years, what would it be. Jim's answer; "well, errrr, sugar, rice Rubles or gold if it drops to $1000."

Well, that's four Jim, and as for gold, why would you really NOT buy it? Will that 20% difference in price really make a difference if the system blows up?

"We're all going to suffer" Nope not true, because Jim won't suffer because he's not telling everybody else what he's doing...

So in the end we're all just as clueless as we were 18 minutes prior, except that we had to listen to Jim stumbling through his house ranting about bureaucrats and raving about China, and of course having to watch an advert for...you guessed it: some gold investment deal!

Kissy Ass's picture

Hey y'all it's ya boy Obama. Lets get together and nig up the "white" house tonight.

https://www.youtube.com/watch?v=1I3JI1RptkU

Hey wookie. SHow us your cock!

ebworthen's picture

Pretty sure they've been trying to rob savers since before 2001, but yeah, next go-around will be worse.

flaminratzazz's picture

I am not broke or is my family, we are at peak chinese junk. Have you ever gone to a thrift store or 2nd hand? ho lee Phuk why buy chinese fall apart when the good shit from the 50's is better and cheaper?

August's picture

If you shop around, you can find some high-end home exercise equipment at thrift stores.

I should know, since that's where mine went when I left the fucking country.

Kissy Ass's picture

Everything you buy now has a 6 month lifespan or 63 hours of continuous use before something breaks falls apart.

USA greatest? Greatest scam. Fuck you Kissy this.

flaminratzazz's picture

if the global shtf let's hope it is in the spring so we dont freeze to death and can plant some extra for the chilrens.

GotGalt's picture

@Soul Glow

 

Shanghai is fine!  It's fiiiine!!!!!!

 

Today's collapse just leads to tomorrow's legendary recovery on hopium.   No biggie.  Buy stawks, they have the electolytes that sheeple crave!

roddy6667's picture

https://search.yahoo.com/search?p=shanghai+composite+index&fr=uh3_financ...

Click on MAX.

This is the Shanghai Composite Index. Where's the collapse?

Can you see any collapse? Why do you talk about one?

scatterbrains's picture

maybe not but a 6+ % flush is more than nothing no?

roddy6667's picture

Look at the chart. Just the air coming out of a bubble. It's a healthy move, not a cause for concern.

redd_green's picture

a 95% collapse of the SHCOMP would be nice for me.  No, 99%

A Nanny Moose's picture

Surely you have him confused wth Eric Holder. Easy mistake.

LetThemEatRand's picture

Eric sent all of our money back to Mexico.  

asteroids's picture

A generation or so ago, the FED and the boyz begged everyone to improve their savings rate. Save for retirement. Save for a rainy day. Now, they'll punish you for it.

Implied Violins's picture

...but will Satan get the win? He does, of course, have a higher WAR.

Implied Violins's picture

Jeebus. I guess ZHer's haven't read 'Moneyball'. Y'all prolly still think wins actually mean something. FWIW: Jesus has a zero WHIP, 18.6 K/9, and an FIP lower than .100. Best. Closer. Ever.

yogy999's picture

Boris is the smartest and most effficient out of us all. Absolutely love your posts. Thank you!

 

BORIS for POTUS:-)

OverTheHedge's picture

I quite understand your thinking, but unfortunately I have already promised my vote to Honest Anne, and I think it would be dishonest to change at this point.

Honest Anne for benign dictator 2016!

Victory_Garden's picture

"Jesus is save."

Dear Boris, bless.

It is not the Man that saves, it is what He taught that Saves.

To be moar precise, it is in the deeds, words, and actions of each individual eternal soul that saves, or condemns them in the afterlife.

On the other hand, here is a bag'o shat that has not learned what Jesus taught, and therefore will NOT be saved.:

 

Judge orders Clinton aides to be questioned under oath on emails:

http://www.msn.com/en-us/news/politics/judge-orders-clinton-aides-to-be-...

 

max2205's picture

So anybody with a positive net worth is doomed?

 

BS 

Soul Glow's picture

Anyone counting their wealth in paper assets is doomed.

Escrava Isaura's picture

 

 

Exactly.

 

Problems (prices/debts) have solutions, predicaments (fuel/energy) have outcomes.

 

Most savings are NOT real savings but part of a Ponzi/extraction scheme.

Second, because there are no real savings, more money will have to be lent into existence. However, to retain the value of this nonsense called “Savings” and the “New Money” resources, goods, and its services will also need to grow.

So, when I hear default and bankruptcy, or, that the “Trump” government is here to destroy us, and that we can grow out of this, I know I am not listening to a serious person.

 

 

Oldwood's picture

The role of government is to attain omnipotent power. This power is ultimately obtained through dependency. People with savings have choices. Choice is liberty...in direct opposition to government domination and therefore requires elimination. This financial destruction is no accident, no unfortunate collateral damage. It is deliberate for cause. The cost of dependency is poverty as there is no demand for productivity and any real wealth will quickly be dissipated in redistribution. This is a dead end and anyone paying attention knows it. The only reason for a public demand for redistribution is the failure to produce.

Kirk2NCC1701's picture

You're funny.  No tell me that you would not be very happy if you held $1M in a bunch of different currencies (USD, GBP, CHF, EUR, JPY, CNY, CAD, AUD, HKD, RBL). That's $100k in each of these currencies.  Large bills.

Cognitive Dissonance's picture

"We always hurt the ones we love (to hurt)." - Aunt Yellen

<But not Mrs Cog, who has the Butternut Blues.>

TradingIsLifeBrah's picture

Correction:  Anybody that has a positive net worth and is not "connected" is doomed

Rearden-Steel's picture

Any form of responsibility is under attack.

seataka's picture

Anyone taking responsibility or authority is competition for dependency upon BIG BROTHER.

 

Slomotrainwreck's picture

So anybody with a positive net worth is doomed?

... as well as those who have less than positive net worth

 

 

The whole world will be "going galt" in 3.. 2...

European American's picture

"This is the first time in recorded history where you have Central Banks & governments setting out to destroy the people who save & invest," 

About time you got on board with us, here at ZH,  Jimmy

NoDebt's picture

He got on board because he realizes that CBs are fucking over everyone- including <gasp!> himself.  He can't logic his way into making money in the easy and near-guaranteed way he's accustomed to any more.  Suddenly he wakes up to what's been fucking obvious to 'Joe Six Pack' saver for years now.  As if he gives a shit about them.

He realizes there's damned little cream left to skim for himself when CBs are serving up skim milk to everyone.

nmewn's picture

Ding-Ding-Ding! We have a winner!

Sir John Bagot Glubb's picture

Exactly.   Don't know about Jim but his old partner, Soros, always paid for the best inside info money could buy.  Hard to do that in an environment where no one knows what's gonna happen next, even the CBs.  

Oldwood's picture

Working people are used to struggle and as such are best mentally equipped to deal with the inevitable. Those skimming as you rightly describe are not. They only know easy money and now that easy money is getting harder to come by, some will find Jesus and others will fully embrace the devil. Interesting times lay ahead.

Fred Garvin's picture

About time he got on board? He was actualy predicting this shit before Zero Hedge was founded!

Soul Glow's picture

They plan on destroying the people who save.  And this is how far down the hole they've gone.  It used to be they would want the cash on their books, as they can fractionally reserve the cash and make loans.  Yet now they are so over leveraged into the equity market and the loan market they need other people to obtain the same amount of leverage or else their whole ponzi scheme goes up in flames.

Government needs you to pay taxes's picture

I fear their motivation is very different.  They want to eliminate the individuals who would be left standing outside when they close the doors on the debtor's prison.  They wish to lure everyone into the showers, minus their gold and unleveraged land.  Then the air will fill with the sweet smell of tyranny.  

Soul Glow's picture

Some of the monied class yes, some no.  Sure some want to be the only ones with wealth, but they understand better than anyone that in that scenario there isn't any growth and even with a vault of gold there will be less capital and less mobility.  Those are the ones that want to go back 500 years to be the nobles.

Then you have the neo-monied class, mostly jews, who own the tech firms.  They want to ride out the Aurther Anderson accounting as long as possible.  They want fame.  They will ride the system hard.

Two classes, old money and new money.  It's WASPs vs Jews.  Both will see the world in flames but with different wants and needs.  The jews think they can make us half cyborg and this technological advance will create groth.  The WASPs just want to go bear hunting in peace.  I fear neither will be right and the world will lie in ruin.