Jim Rogers: "We're About To Have The Worst Economic Problems Of A Lifetime, A Lot Of People Will Disappear"

Tyler Durden's picture

Submitted by Patrick Ceresna, Macrovoices.com

"Get prepared," warns billionaire commodity guru Jim Rogers, "because we're going to have the worst economic problems in your lifetime and a lot of people are going to disappear." In this wide-ranging interview with MacroVoices' Erik Townsend, the investing legend discusses everything from whether Russia is being scapegoated ("yes, ask Victoria Nuland"), the war against cash ("governments love it... they want to control everything"), to his views on gold and the demise of freedom.

Full podcast below:

Key Excerpts...

Are Russians the bad guys?

Well I do know that during the last administration, Mr. Obama's administration as you probably remember we started, we tried to pull of an illegal coup in Ukraine, we got caught at it, what's her name, Victoria Nuland, whatever the woman’ name the State Department they have there several pieces of evidence where we know she tried to instigate an illegal coup then of course the Russians outsmarted us and so the State Department started blaming it on the Russians and the hype against the Russians has gotten bigger and bigger ever since after we started-- or tried to start, tried to instigate the illegal coup Crimea and Ukraine.


So yes we are certainly at fault to some extent and obviously you then, when you're caught you've got to keep the rhetoric up and keep throwing more and more accusations and so the State Department has done that.


I know that before the illegal coup Obama, Bush everybody was trying to be friends with the Russians rightly so, cold war had ended long ago, the Russians wanted to be friends with America. We didn’t need NATO anymore. Who needed the Cold War etc. all the money we were spending on some of these arms manufactures and soldiers so until the illegal coup took place we were all trying to be great friends you remember George Bush said I looked him in the eye and he's a man I can admire and work with etc.


So now of course the Democrats especially since they lost the election are trying to blame it on the Russians. It's unfathomable to me how the Russians could have determined the outcome of the elections. Maybe they planted a story a two but so what? It's inconceivable to me that the Russians could influence much less determine the election.


I think if we start having investigations of the illegal voting I'm afraid we're going to find more for the Democrats than for the Republicans places big cities in America won't name names but so far the few investigations that have taken place we find that the voting irregularities are in big cities which are Democratic strongholds.

On the Greater Depression...

...get prepared because we're going to have the worst economic problems we've had in your lifetime or my lifetime and when that happens a lot of people are going to disappear.

In 2008 Bear Stearns disappeared, Bear Stearns had been around over 90 years. Lehman Brothers disappeared. Lehman Brothers had been around over 150 years. A long, long time, a long glorious history they’ve been through wars, depression, civil war they've been through everything and yet they disappear.

So the next time around it's going to be worse than anything we've seen and a lot of institutions, people, companies even countries, certainly governments and maybe even countries are going to disappear. I hope you get very worried.

when you start having bear markets as you I’m sure well know one bad thing happens and another bad thing happens and these things snowball just like in bull markets good news comes out then more good news comes out the next thing you know you're five or six or seven years into a bull market.

Well bear markets do the same thing and so we have a lot of bad news on the horizon. I haven't even gotten to war. I haven't even gotten to trade war or anything like that but you know things do go wrong.

On Trump and the possibility of trade wars...and real wars

Mr. Trump has also said he's going to have trade war with China, Mexico, Japan, Korea a few other people that he has named. He swore that on his first day in office he would impose 45% tariffs against China. He's been there three weeks, two or three weeks and he hasn't done it yet but he still got it in his head I'm sure or maybe he's just another politician like all the rest of them. He says one thing and he doesn't mean it at all but he does have at least three people in high levels in his group who are very, very keen to have trade wars with China and other people.


If he does that Eric, it's all over. I mean history is very clear that trade wars always lead to problems, often to disaster, sometimes even to real war, a shooting war. So I don't know, I'm not sure Mr. Trump knows. He said so many things and many of the things are contradictory. Now if he's not going to have trade wars with various people then chances are for a while happy days are here...


[The dollar is] going to go too high, may turn into a bubble, at which point I hope I'm smart enough to sell it because at some point the market forces are going to cause the dollar to come back down because people are going to realize, oh my gosh, this is causing a lot of turmoil, economic problems in the world and it's damaging the American economy. At that point the smart guys will get out. I hope I'm one of them.

On governments continued war against cash...

Governments are always looking out for themselves first and it's the same old thing you know Eric this has been going on for hundreds of years. The Indians recently did the same thing they withdrew 86% percent of the currency in circulation and they have now made it illegal to spend more than, I think it's about $4000 in any cash transaction. In France you cannot use more than, I think it's a €1000.


Many countries are already doing this. Some states in the U.S. you cannot make cash transactions above a certain amount. Governments love it. Then they can control you. If you want to go and buy a cup of coffee they know how many you drink, where you buy them etc. if they can all put it into electronic formats and they will the world is all going electronic. My children will probably never go to a bank when they're adults, maybe never go to a post office maybe even never to a doctor or rarely to a doctor when they're adults.


So the Internet and the computers changing everything that we know, money can certainly be easily converted to computers not today because there are still, some people who don't have computers and the system is not ready it but it can be done and when it's done the governments are going to be very, very happy they going to say they're doing it for our own good Eric, this is not them, this is for our good. That they're doing this, but it’s coming and it's going to be a whole different world in which we live. Probably we are not going to have as many freedoms as we have now even though we are already losing our freedoms at a significant pace.

On the demise of freedom...

...history shows that people always would like a little more safety and a willing to “give up some things for more safety and security.” Benjamin Franklin said well anybody who would give up some freedoms for security is going to wind up with neither security nor freedom and they deserve to lose both and of course that's the way it is.


I’m not the first to realize that people who are rising to become dictators start taking away freedoms first in Germany they took away the guns, they wouldn’t let people have guns in Germany and lots of places have done that or things like that.


In America now you and I probably remember when we were kids, you had to have a search warrant, now they can just break your door down if they have what they consider enough good reasons, they don't even have to go to the court and get a search warrant anymore.


So it's already happening and if you said to somebody that you know they could break your door down they say they’re not going to break my door down I’m not a terrorist or a drug dealer, well that's how it all starts people say it's OK but then the next thing you know they're breaking your door down too.


So it's already happening do I like it? No I don't like it but I'm not the first-- what was his name Goebbels the German who said if you say something to people enough times they believe it no matter how absurd it is and you and I have certainly seen it in the news in America you say something enough times people believe it and it becomes politically correct and then you can’t even say something that's not politically correct in America any more.

Full Transcript available here.

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Nutflush60's picture

The people who should disappear: BLM, Soros, Bill Maher, the Pope, etc


Friedrich not Salma's picture

Add Seth Meyers and the British fuck.

The Saint's picture

Jim, Jim, Jim.  Are you off your Meds again, silly boy?


kavlar's picture
kavlar (not verified) stizazz Feb 11, 2017 7:55 PM

Yep. Like Jim said: A lot of people will disappear.

espirit's picture

Add Jim Rogers to the list of 'Financial Terrorists'.

Manthong's picture

Everyone should do their part…

“Disappear” a leftist liberal leftist today.

Billy the Poet's picture

I've been reading the same article for over a decade. I'm so prepared that I'm still eating pre-Fuku salmon.

Solio's picture

Green chard sauteed in avocado oil with garlic is much better.

Pinch's picture

Orange Jesus will save us!

Mike in GA's picture

He'll do better than your chocolate Jesus O'bummer!

Scuba Steve's picture

"That wasnt chocolate baby, that was Doo-Doo" - Dave Chappelle


Richard Chesler's picture

I wish I had a dollar for every time this clown said the sky was falling.


Kotzbomber747's picture

Somehow I have this feeling that this podcast is full with Jim's usual oneliners and that once you've finished listening you're still as clueless as before.

"Farmers driving Lamborghinis...." and "The Dollar is a terribly flawed currency."

Is he still huffing and puffing on his treadmill?

Pinch's picture

Super Callous Fragile Ego, Trump You Are Atrocious

American Gorbachev's picture

Super Televangelistic Sex and Drug Psychosis

sessinpo's picture

Are you implying that if a person did not have a gun that would prevent the armed government from coming after a person?

I think you have a hole in your thought process.

CNONC's picture

Paul Aker is a professional deadbeat.  He ignored years of court orders and summonses.  While I am always suspicious of the police and government's use of force, it has always been the case that, even in minor civil disputes, the court has the authority to compel your presence.  This has been true all through 800 years of Anglo Saxon common law.  The marshall's did not use a swat team because he was a registered gun owner, but because he told them he had a gun.

There exist thousands of terrifying and unjustifiable cases of the improper use of force by police.  The government and law enforcement is using pubic information to create "threat assessments" of each person and address in the country.  When they pull you over, or come to your house, the way they treat you may have nothing to do with your actions and demeanor, but what they believe about you.  Articles like the one you posted, which created quite a stir among the "liberty" movement, being easily debunked, are used to obscure the more disturbing truth. 

Mustafa Kemal's picture

A sign of the upcoming War on Crime

Giant Meteor's picture

Good Sunday morning to you and all. Seems there is  a lot of talk regarding disappearing peoples.

It has begun? https://en.wikipedia.org/wiki/Forced_disappearance

Or are we talking more dystopian, alien, or in the bibical sense?

Cruel Aid's picture

@regional indian   he was busted for failure to appear, but still, full auto swat raid seems... no it is excessive.

petar's picture

About the War on Cash. In US a withdrawal of more than $3000 (at once) and more than $5000 (in a week) is reported to the IRS since early 2000. No payments of more than $10k in cash is accepted anywhere. That war on cash here didn't change much.

TnAndy's picture

Hmmm...the guy I bought a 15,000 buck tractor from must not know that, because he took cash.   Cash payments are accepted almost everywhere....just because some paperwork is supposed to be filed to the IRS along with it doesn't stop it.  Heck, go to any major machinery auction and people will be buying with 50-100k in cash.

dubaibubble's picture

Obongo was the Ex-lax Jesus

Giant Meteor's picture

Ohh I don't know. I found during those rare times when I heard him speak, I became instantly constipated. Hell, I think most of the globe became constipated .. Now certainly, he is the Ex-Lax Jesus now ...

stocker84's picture

What's the matter, pinch... Did trump threaten to take away your ebt, your Mexican family, your cheap Chinese stuff, your Muslim terrorist Butt buddy?

Ya, well you should give up and die... Or you can make something of yourself like the rest of us. Truth hurts, bitch. Enjoy.

That's gonna leave a mark.

Chris Dakota's picture
Chris Dakota (not verified) Solio Feb 11, 2017 9:32 PM

Le Penn is going to win. Her chart is very dynamic, it is very fated and the election in May shows a slam dunk!

It is quite obvious to me, and I am rarely wrong. Vote fraud doesn't matter, it is the outcome that I look at.

ThanksChump's picture

The astrology stuff is code, right?

For what?

Or, are you the Time Cube guy.

Matteo S.'s picture

She can won only if she faces a left-wing socialist. Otherwise she will lose.

Chris Dakota's picture
Chris Dakota (not verified) Solio Feb 11, 2017 10:42 PM
Jim Rogers: nobody should listen to this American traitor who ran out the backdoor to Asia.

fuck him

MANvsMACHINE's picture

Traitor? How is he a traitor?

He wanted to raise his girls in a better and safer place. You think there's something wrong with that? If you believe in a free society, shouldn't he be allowed to live wherever the fuck he wants and not where you want?

ThanksChump's picture

Some people believe we should all be shackled to the beacon of liberty, and anyone who complains about the chain must hate freedom.

bh2's picture

"Money flows to wherever it is treated best."

It appears this isn't obvious to most people.

Chris Dakota's picture
Chris Dakota (not verified) bh2 Feb 12, 2017 9:30 AM

That is a globalist view.

Globalization is the problem now.

"raise his girls" this guy is OLD and has no business being a father at his age, that is abusive to children.

I have zero respect for this joker and his story "I didn't want to leave, I had to leave"



DanDaley's picture

"raise his girls" this guy is OLD and has no business being a father at his age, that is abusive to children.


Jealous much?



Chris Dakota's picture
Chris Dakota (not verified) DanDaley Feb 12, 2017 2:58 PM

Jealous of what?

Im sure his children wonder why their father is 50 yrs older than their classmates fathers.

Or that he was business partners with George Soros?

I think he is a puke, so no I'm not jealous in anyway shape or form.


RiverRoad's picture

We are still free to vote with our feet.

Giant Meteor's picture

I get it. Money goes wherever the money is treated best. I mean don't bitch slap the money, cuz she'll end up cheatin on you. I, rather, stroke it, pet it, you know, smother it with tender kisses. No use just plowing right in either, no wham bam, thank you mam here. That won't do. Not at all.

You gotta show your FX respect, R E S P E C T, jus a little bit. Or she'll leave ya in a California minute, guaranteed!

But seriously, "Render unto Caesar" all that. Barter and build a community with common bonds, common concerns, common interests, and common security. No need to go all Mad Max just yet, there will be plenty of time for that.

East Indian's picture

Does this apply to "money" created through bankster's scams?

Fatboy777's picture

I don't give a fuck where he lives but he made his fortune with Soros and now like a broken record he's been claiming end of world is coming. One day he'll be right and they can redo his tombstone - the man who correctly called the end of the world. Who gives a shit! Like ZH more wrong than Right . His financial advice put you into the poorhouse. 5 years ago he said by commodities- they collapsed. Now he should just stay away

Giant Meteor's picture

Now Now, lots of folks ran to the backdoor in Asia, and other places too. Perhaps we can clean up a bit and make America great again. Now you gotta also understand, lot of folks been runnin to America too. Not all of course, for bad or Nefarious reasons.

Now Jim didn't invent the game, and of course one must take his words, thoughts as you will. Frankly I think even Paul the alien Krug Man is worth listening to, if for no other reason than to dissect the confused globalist playbook. And make no mistake, it is confused. What exactly do the stars have to say about that?

new game's picture

prefer asparagus, exact same way...garlic grown locally-back yard(seven varieties)...

Fatboy777's picture

I prefer roasted chicken and potatoes and end it all with a grappa and a cigar. Worked for Pappa Bear and he's still kicking at 95

GreatUncle's picture

Do you have to put it in the microwave to give it a bit of radiation.

Fukoshima salmon, well irradiated and glows in the dark too /S

RevIdahoSpud3's picture

That Salmon should be worth a bunch? Put it on Japanese eBay? Just a few nights ago I broke into my stash of Pork and Beans. They go best with a brat and bun roasted over a camp fire (ready to go with that one as well) but I was feeling munchy so despite the guilt of not having a SHTF moment I opened a can and they were great! Growing up as a 3rd gen. Russian/German immigrant P&B's are a nostalgia trip from 60 years ago. They were almost a luxury then, now despite being somewhat healthy not so much. People with EBT cards prefer more blatant junk food like chips, soda, candy and a host of high cal, sugar preparred foods. You have to be an old timer to appreciate the difference. Is lady gaga, madonna or even the Donald eating canned salmon or pork and beans LOL? Probably not but the roof hasn't fallen in yet.

BandGap's picture

I have developed a taste for Raman, I will admit to that. But only the chicken flavor.