This article was originally published by Zero Hedge
“[Central Banks] think they are smarter than the market,” exclaims billionaire investor Jim Rogers, “they are not!”
Warning CNN in this brief but disturbing reality check that “we are all going to get hurt by a global recession,” Rogers takes aim at the incompetence of the “academic and bureaucrats who don’t know what they are doing,” raging that “this is going to be a disaster in the end.”
Rogers concludes:
“You Should Be Very Worried, You Should Be Prepared”
200 Seconds of awful truth…
And if you are not concerned enough, Rogers did an extended radio interview, explaining that the inevitable consequence of disastrous easy-money policy from central planners is war…
Highlights:
39:35 – Jim discusses inevitable consequences of disastrous easy-money policy from central planners is war.
40:00 – Jim discusses heightened xenophobia during difficult economic times and how it can lead to conflict.
40:57 – Jim discusses how the coexistence of a rising world power and a stagnant or in-decline world power leads to conflict.
42:26 – Jim discusses precious metals.
45:30 – Jim discusses a history of poor leadership from US Presidents will continue, money printing and currency debasement will continue, no matter who gets elected this year.
47:49 – Jim discusses coming sovereign debt crises, loss of confidence in government, and how it can lead to war.
48:35 – Jim says “read your history,” politicians will continue to make things worse, capital controls will intensify, economic conditions will continue to deteriorate and war is likely.
52:05 – Jim says that by plot of pure circumstance, the USD will fall from its place as world’s reserve currency. Dollar will destroy itself and a replacement will come along.
54:30 – Jim discusses potential bubble in the USD
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S is gonna HTF like a booty in the air.
Who else remembers that Rogers got his start working for Soros?
Hasn’t he been saying the sky is falling for decades?
I guess if you say something long enough, it will eventually come to pass.
I’m going to be a billionaire…
Hmmmm. I think he’s onto something. A new economic plan called cupcake. Sounds a lot like “let them eat cake”. This might work, or not!
By the way I do have a good supply of Ghiradelli brownie mix? The wife thinks I’m nuts, of course this is a good addition to brownies! Nuts that is.
Jim knoes his shit, take heed…
Why do you think he bugged to Singapore???
eppe,
Good words, but bugging out to Singapore or any other “safe haven” isn’t an option for me. IMO, when the U.S. succumbs to the effects of undisciplined easy money policy, there won’t be anywhere left to run. The rubber meets the road right here. Eventually even the so called “safe havens” will take it in the shorts…to use a technical term. It’s just a matter of time.
When, not if, the manure hits the fan, most folks will be in stupefied shellshock. The rest will have to defend what little is left to defend. Cheers.
Our Lady of Akita warned that in the coming chastisement the greater part of humanity will die from “fire from above,” there will be no place to hide, and “the survivors will envy the dead.”
Serious words from the Mother of God. Love her and honor her (Luke 1:28-55). Don’t hate her.
Hopefully God is watching and is willing to step in, because when this global economy takes the big swan dive, only Divine Intervention will prevent the worse parts of biblical prophesy from materializing. Cheers.
I don’t think it is a matter of hate, per se. It’s a matter of reading the Bible and taking it as the sole authority as to prophecy rather than a human’s assertion (who has been dead for thousands of years, no less) of what is to come. She may have been the mother of Jesus but remember John 4:16.
You also quote verses out of Revelation. These are serious words coming from the Bible, not “Lady of Akita”.
Just an observation. Not meant to hijack the posts.
second. what we are in now is like that game, jenga i think; where you slowly pull out blocks and it gets a little weaker consistently until you pull out the one block that brings the whole thing down.
venezula’s economy was one block, then argentina, then greece, probably several more small ones until a big block is pulled out and brings the whole thing down.
Great analogy Lena. While it is impossible to tell when, where, and how that last economic domino will collapse, but one thing is for certain, the Federal Reserve and the government will be powerless to stop it from cascading into an epic disaster.
Last week when Federal Reserve Chairwoman Janet Yellen told Congress that everything was still on the table including debt monetization, and the use of negative interest rates; that told me everything I needed to know about how desperate The Federal Reserve really is. They are very close to the bottom.
European interest rates have been negative for almost 2 years. South America, and the Caribbean are nearing depression levels. Reported Chinese economic data is collapsing faster than analysts can calculate which means the actual data is far worse than reported, etc. etc.
The writing is on the wall for everyone to see. So no one can claim ignorance when the bank bail in rules take effect, and hard working taxpayers are forced under extreme duress to pay the astronomical bill. Think there might be some violent protests? You bet. Cheers.
If he isn’t; somebody should be.
I hope all posters here do listen to what he ssys….
Let’s get it over-with.
From CNN bullshit media !!!!!!!!
Rogers, along with a handful of other men and women trying to warn us are correct.
The bankers have every intention of driving this current system into the ground. They cannot be stopped, and the collapse cannot be stopped.
There is a new system waiting on the other side of this, a system none of us is going to like.
It’s a system with two classes of people, rich and poor since the middle class will join the poor at the end of this current mess.
From the outrageous 1 to 77 gold to silver ratio, to the trillions/quadrillions of debt this is every bit as bad as Rogers is saying.
And he should know from being a former business partner with Soros. Soros outsmarted and defeated the Bank of England. These guys are market movers, and can spot a coming collapse.
Curious if others are seeing this. Around here, the Mexicans have become hostile to the Americans. I just never saw this before in 3 other cities where I lived. I always before thought of them as brotherly and good people. Here they are fairly rude and to the point one can tell they have abandoned human decency towards non-Mexicans and are willing to stab us in the back for financial gain. Its just not the perception I ever had of Mexicans but three encounters with Mexican business workers over the last year have had the same pattern.
Perhaps this is evidence of the xenophobia the article discusses. Anyone else seen this change in how Mexicans treat Americans?
expect that to increase.
if the govt doesnt make immigrants obey and respect its laws, why should they respect you ?
i’m serious when i say that as economics really break down, that being pulled from your car and robbed because you’re white so probably an american with money will happen, sometimes in broad daylight.
That English woman Nina rocks me. She has a very hot accent.
A little history: the ‘solutions’ to the economic crisis were all advocated and implemented by the former UK prime minister Gordon Brown. He was warned QE etc. would be a disaster and rob people of their incomes and wealth but he ignored that advice. He was either a) stupid or b) malevolent and knew damn well what he was doing.
OK, most of aren’t Nietzsche fans – including me – but here he is on socialism
“Socialism is the fantastic younger brother of despotism which it wants to inherit. Socialism wants to have the fullness of state force which before only existed in despotism.”
Nietzche 1844-1900