Jim Rogers: ‘Conceivably, The World Economy Is Going To Collapse Sometime In The Next Decade’

A number of “crash prophets” have been somewhat quiet since Election Day. Probably positioning themselves for the coming years now they know who is sitting in the White House, right? Anyway, I happened to spot an article on IndexUniverse (an investing website that focuses on ETFs, indexes, and index funds) this morning in which managing editor Olivier Ludwig recently spoke to legendary investor Jim Rogers. While the discussion revolved around a number of finance and investing topics, it was what the hard assets expert said about where he sees the global economy and the commodities bull market heading that really grabbed my attention. From the December 3 piece:

Ludwig: When might this commodity boom that you first wrote about in your book, “Hot Commodities,” run its course? How far is this along? Is there some kind of an end in sight?

Rogers: Well, I don’t see the end in sight—yet. Conceivably, the world economy is going to collapse sometime in the next decade. And if that happens, needless to say, then central banks are going to print even more money. It’s the wrong thing to do, but commodities will benefit and be a better place to invest than stocks, or certainly better than bonds if that happens.

On a historic basis, we’re maybe two-thirds of the way through the commodity bull market. Normally, eight, nine, 10 years into any bull market in anything, you start to see more supply come in. But what happened in 2008 and 2009 means there is a lot of potential capacity or supply that’s been deferred or delayed. So we don’t have as much supply coming as we normally would in this stage of the bull market.

So this bull market might last longer than most. But again, there’s no reason for me to determine that yet. The bull market is still intact. I hope I’ll be smart enough to recognize that a lot of capacity and a lot of supply is coming in, because that will be the end of the bull market. But that’s still years away.

The rest of the exchange between Ludwig and Rogers is incredibly informative. You can read the entire article on the InvestorResource website here.

(Editor’s notes: Info added to “Crash Prophets” page; I am not responsible for any personal liability, loss, or risk incurred as a consequence of the use and application, either directly or indirectly, of any information presented herein)

Tags: ,

No comments yet.

Leave a comment

Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

Successor to Boom2Bust.com
"The Most Hated Blog On Wall Street"
(Memorial Day Weekend 2007-2010)

This Project Dedicated to St. Jude
Patron Saint of Desperate Situations



Please Rate this Blog HERE

happyToSurvive

NEW! Advertising Disclosure HERE
ANY CHARACTER HERE
Buy Gold And Silver Coins BGASC Reviewed HERE. Silver Bars & Coins On Sale! 1 Oz., 10 Oz., 100 Oz., 1 Kilo, Monster Boxes Of 1 Oz. Bars/Coins (500 Ct.)
ANY CHARACTER HERE
BullionVault BullionVault.com Reviewed HERE
ANY CHARACTER HERE
MyPatriotSupply.com Reviewed HERE
ANY CHARACTER HERE
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE. Presidents' Day Sale! Save Up To 41% Off Wise Emergency Foods
ANY CHARACTER HERE
Food Insurance Reviewed HERE. Buy Select 4-Can Case, Get Free Upgrade To 6-Can Case; Freeze-Dried Food Sampler Pack Now Only $35
<link>Free Pistol Case w/ Bag Purchase @Cheif</link> CHIEF Supply Reviewed HERE. 25% Off Propper Jackets (Code Needed) Thru 2/29; Fieldtex Products 20% Off Thru 2/29; Tru-Spec Tactical 9 Side-Zip Boots Only $55.96
ANY CHARACTER HERE
bullet proof vests BulletSafe Reviewed HERE
ANY CHARACTER HERE
Not all airguns preform the same in colder weather. Click to learn more. PyramydAir.com Reviewed HERE.
ANY CHARACTER HERE
Airsoft Megastore Reviewed HERE. 20% Off Any Purchase Over $100 (Code Needed)
ANY CHARACTER HERE
Survival Titles Save 20% Paladin Press Reviewed HERE
 

Categories

Archives

Prepper Website

RSS Chris Hill’s Other Blog: Offshore Safe Deposit Boxes

  • Related Reading: Additional Glasgow Vaults Launch Coverage From The Evening Times
    Another Scottish newspaper has written about the launch of new safe deposit box facility Glasgow Vaults in Scotland’s largest city. Catriona Stewart reported on the Evening Times website Tuesday: SCOTLAND’S first independent safe deposit box service has opened in Glasgow – with owners saying a Hatton Gardens-style heist would be impossible. Opened with a £1 […]
  • Related Reading: Vault Security Article By Metropolitan Safe Deposits Of London
    I really haven’t mentioned London, England-based Metropolitan Safe Deposits much on Offshore Safe Deposit Boxes except in conjunction with talk about “Operation Rize.” However, I recently discovered an insightful article on the website of this major player in the U.K. private vault industry. Chief executive Christopher Barrow published “Security is a process, not a product” […]
  • Related Reading: Glasgow Vaults Launch Covered By The Scotsman
    Back on January 20, I alerted blog readers about the opening of a new private vault- Glasgow Vaults- in Scotland’s largest city. Monday morning, I saw an article about the new non-bank safe deposit box facility on The Scotsman (UK) website. Scott Reid reported: What is being billed as “Scotland’s first independent safe deposit box […]
  • Latest Offshore Safe Deposit Box Promotions
    Here are the latest limited-time specials from offshore safe deposit box facilities listed on this blog’s sister site (link included to web page where each promo is displayed): Asia Malaysia mySAFEBOX (Seri Kembangan, Selangor)- “From Jan 11 to Feb 29. Give & Get RM 300 Cash Rebate.” (1/27/16 Facebook post) Titanium Safe Deposit Box (Kota […]
  • Safe Deposit Federation Launched As ‘Self-Regulating Federation Of Independent Safe Deposit Box Companies’
    Since last spring, I’ve been aware of efforts to construct an international trade association for private, non-bank safe deposit box facilities. As recent as last week I discussed the subject. In a January 26, 2016, follow-up post on that series about the 1980s U.S. private vault boom, I blogged: Something else I came across I […]