Jim Rogers

Sustained Effort To ‘Talk Down’ The Dollar Begins?

Gold and silver prices are surging today, no doubt related to statements made by President-elect Donald Trump concerning the strong U.S. dollar. Mark DeCambre reported on MarketWatch this morning:

The buck stops with Donald J. Trump. The president-elect, who has developed an early knack for challenging U.S. corporations via Twitter, reserved his most biting comments for the U.S. dollar, which vaulted 4% higher at its peak in the wake of the real estate billionaire’s Nov. 8 election victory over Hillary Clinton.

In a Friday interview with The Wall Street Journal, Trump said the U.S. currency, which touched a more-than 14-year high about two weeks ago, has gotten “too strong,” especially considering the China’s yuan is “dropping like a rock.” “Our companies can’t compete with them now because our currency is too strong. And it’s killing us,” he told WSJ…

(Editor’s note: Bold added for emphasis)

Trump’s comments may just be the opening volley in a sustained effort to “talk down” the greenback. Roger Blitz pointed out over on the Financial Times (UK) website early this morning:

Economists and currency analysts have speculated about the risks a robust US currency, which is trading at a 14-year high against a basket of its peers, poses to the president-elect’s growth strategy, and predicted that the incoming administration in Washington would soon start talking down the dollar.

The first inklings of that tactic emerged in an interview Mr Trump gave to the Wall Street Journal…

That was echoed by Anthony Scaramucci, a senior member of Mr Trump’s economic advisory council, in remarks made on Tuesday at the World Economic Forum in Davos about the US Federal Reserve. “The Fed has to be independent and we have to be careful about the rising currency,” Mr Scaramucci said…

(Editor’s note: Bold added for emphasis)

So, “all systems go” with precious metals then?

Maybe not, as certain “crash prophets” like Jim Rogers and Martin Armstrong believe it’s possible the U.S. currency might get even stronger due to foreign money pouring into the country to escape turmoil elsewhere, creating headwinds for any gold and silver price “lift-off.”

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

Sources:

DeCambre, Mark. “Trump sends shiver through stock market with shot across dollar’s bow.” MarketWatch. 17 Jan. 2017. (http://www.marketwatch.com/story/trump-comments-on-too-strong-dollar-send-shivers-through-stock-market-2017-01-17). 17 Jan. 2017.

Blitz, Roger. “Dollar retreats on Trump’s concern over currency’s strength.” Financial Times. 17 Jan. 2017. (https://www.ft.com/content/b921b994-dca3-11e6-9d7c-be108f1c1dce). 17 Jan. 2017.

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Jim Rogers: ‘Gigantic, Gigantic Currency Turmoil’ Coming

Well-known investor, author, and financial commentator Jim Rogers recently spoke to Mike Manciel of the Rethinking the Dollar project, whose objective is “to promote the importance of alternative education in the realm of monetary literacy.” In the exchange posted on YouTube.com on November 26, the former investing partner of George Soros in the legendary Quantum Fund talked about a number of financial topics, including currencies. Rogers told viewers:

In the next decade- if not much sooner- we’re going to have gigantic, gigantic currency turmoil. And that’s going to affect everything… The dollar is going to have a lot of problems. All currencies are going to have a lot of problems…

Addressing the U.S. dollar specifically, the Singapore-based investor said:

At the moment, I’m certainly watching currencies- especially the U.S. dollar. I own a lot of U.S. dollars for a variety of reasons…

People are worried about what’s happening in the world. And so a lot of money is coming into the U.S. to escape the turmoil they see elsewhere. Coming into the U.S. dollar. People think, Mike, around the world, think that the U.S. dollar is a safe haven. It’s not… But everybody thinks, they have the perception, that the U.S. dollar is a safe haven for historic reasons. So when they get scared they put their money into U.S. dollars. So the U.S. dollar is going higher and higher. I mean, that’s why I own a lot of U.S. dollars. Not because I think it’s a great place to be. Because I know the turmoil is coming. I know people will be scared. And the dollar will get overpriced. Might even turn into a bubble, Mike, before it’s over. But then, when everybody starts saying, “Wait a minute, this is crazy.” They start looking at the real fundamental situation of the U.S. dollar. Then they go and dump their U.S. dollars- I hope I get out first. And we’re going to have a gigantic, gigantic crisis. Be worried Mike, be worried…


“RTD Ep:50 “The Dollar Is Going To Have A Lot Of Problems” – Jim Rogers”
YouTube Video

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

Rogers’ latest book…

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Wednesday, December 7th, 2016 Crash Prophets, Currencies, Investing Comments Off on Jim Rogers: ‘Gigantic, Gigantic Currency Turmoil’ Coming

Jim Rogers Discusses His Investments Post-Brexit

Well-known investor, author, and financial commentator Jim Rogers recently spoke to James West, publisher/editor of the Midas Letter (“Emerging Public Company Research and Global Economic Commentary”) in the wake of the historic “Brexit” vote. During their exchange, the former investing partner of George Soros in the legendary Quantum Fund talked about his current investment holdings and warned about more financial volatility down the road. Rogers confided:

I’m short stocks in the United States, I’m long the United States dollar, I’m long agricultural commodities, I own some shares in China and a few other places. But basically I’m short the U.S. stock market and long the U.S. currency…

(Editor’s note: Bold added for emphasis)

When asked about the volatility of financial markets, the Singapore-based investor warned:

You think 2016 is bad. Wait ‘til 2017. It’s going to be worse

(Editor’s note: Bold added for emphasis)

The last time I blogged about Rogers, he told listeners of Jay Taylor (editor of J Taylor’s Gold & Technology Stocks newsletter) and his radio show Turning Hard Times into Good Times:

I urge people to get knowledgeable from listening to you and other people like you, because the world is facing some very complicated and difficult times. Once you become knowledgeable, you’re going to get very worried, which you should, and then you might get prepared, because not all of us are going to survive what’s coming in the next few years. I hope I survive, I hope everybody listening to this survives. But it’s going to be a very, very damaging and difficult time. So be worried. Be prepared

(Editor’s note: Bold added for emphasis)

You can listen to/read the entire conversation between Jim Rogers and James West here over on the Financial Post (Canada) website.

By Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

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Wednesday, July 6th, 2016 Agriculture, Asia, Commodities, Crash Prophets, Currencies, Investing, Preparedness, Stocks, Wall Street Comments Off on Jim Rogers Discusses His Investments Post-Brexit

Jim Rogers: ‘Not All Of Us Are Going To Survive What’s Coming In The Next Few Years’

Well-known investor, financial commentator, and author Jim Rogers was recently interviewed by Jay Taylor (editor of J Taylor’s Gold & Technology Stocks newsletter) for the radio show Turning Hard Times into Good Times. It was a phenomenal discussion about a number of finance/investing related topics.

Regular readers of Survival And Prosperity know that the former investing partner of George Soros is forecasting that the U.S. economy will be in recession “sometime in the next year or two.” He’s also seeing signs of the next economic crisis “already happening.” But does Rogers think the winner of this November’s U.S. presidential election will turn the country around? He lamented:

No matter who of the major candidates, no matter who wins Jay, it’s not going to be good for America or good for the world. If Donald Trump does the things he says he going to do, I mean, we’re going to have trade wars with half the world. Well trade wars have always, always, throughout history led to bankruptcy and led to war. I don’t know if he means what he says, I don’t know if he knows he means what he says. But Sanders of course, Sanders will bankrupt us very, very quickly. Hillary Clinton, for god’s sake, she’s a disaster too! The bankruptcy will just be slower, that’s all, if she’s elected. So, I don’t see any prospects for salvation for the U.S. from the present people who are likely to become President of the United States.

Host Jay Taylor asked the world traveler if he knew of any “safe” place where Americans could weather the approaching economic storm. From their exchange:

TAYLOR: Is there any place- you’re in Singapore, I suspect you feel relatively safe there- but is there any place where people might go, people who cherish freedom and the opportunities to use their God-given talents? Is there any place on Earth besides Singapore, or where can we go? Is there any place to go? It used to be the United States. I felt that we were safe here. Is there any place we can go to be safe? I guess the answer is probably there’s no place you can be sure of, right?
ROGERS: Well, there’s no place at the moment that I know of. Even Singapore, as I said before, the port here is the most important port in Asia and if things blow up, everybody needs that port. And Singapore has a lot of Muslim neighbors too that could turn into a problem some day. Where would one go? I think one needs to find an isolated place. I guess maybe some places in South America. Maybe a way to make it through. Some places in Asia. North Korea, I’m very optimistic. North Korea has dramatic changes taking place. It’s where China was in 1981. But if there’s a war, North Korea is probably going to be involved. All of Korea is probably going to be involved too. But you need to find a place Jay that’s not in the mainstream where people don’t really care too much. But even then you have to be careful because you wind end up in a place where the army’s using you as a highway or a transit point. So you have to be careful.

Rogers concluded the interview with this advice to listeners:

I urge people to get knowledgeable from listening to you and other people like you, because the world is facing some very complicated and difficult times. Once you become knowledgeable, you’re going to get very worried, which you should, and then you might get prepared, because not all of us are going to survive what’s coming in the next few years. I hope I survive, I hope everybody listening to this survives. But it’s going to be a very, very damaging and difficult time. So be worried. Be prepared.


“Where is Jim Rogers Investing His Money Now?”
YouTube Video

Jim Rogers’ latest book…

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Friday, May 13th, 2016 Asia, Bankruptcy, Crash Prophets, Freedom, Preparedness, South America, War Comments Off on Jim Rogers: ‘Not All Of Us Are Going To Survive What’s Coming In The Next Few Years’

Jim Rogers: Signs Of Next Economic Crisis ‘Already Happening’

The next two days I’ll be focusing on two “crash prophets” who correctly-called the 2008 global economic crisis and who see more carnage on the way. First up is the widely-followed investor, author, and financial commentator Jim Rogers, who appeared on the RT TV show SophieCo earlier today. From his exchange with host Sophie Shevardnadze (RT transcript):

SHEVARDNADZE: You’ve been talking about this impending recession for a while now, ready to strike the U.S., for instance, but, you know, we see American economy picking up, the unemployment rate is going down, so- why does it keep postponing itself?
ROGERS: Wait, wait. First of all, you are listening to government figures. You remember the Soviet Union, the government had a lot of numbers, they were very good. The U.S. now puts out a lot of figures that are not legitimate, accurate figures. Look at unemployment, what do they do? For instance, they just stopped counting many people, said they’re not looking for a job anymore – so the numbers are artificial in the U.S. Yes, some parts of the U.S. economy are doing very well. If you’re on Wall St. or if you’re in finance, you’re doing fine, because the government has been printing a lot of money and a lot of debt has been put out. But you go to Texas, go to the MidWest- they’re not doing well at all. Most of the country is not doing well.
SHEVARDNADZE: Alright, but give me something concrete- when do we have to expect this crisis to hit and what’s going to cause that meltdown?
ROGERS: Sophie, for the last 18 months in the U.S., most stocks have been going down. The average is a fraud, because of the few big companies that make the average go up and that’s because the government, the Fed Reserve, Central Bank is printing a lot of money. Stocks are going down in the U.S., most stock are down. So, the signs are already there. Now, unfortunately, they’re not visible, they don’t make headlines, so it’s already happening. Parts of the country are in recession, stock market, most stocks are going down – it’s already happening

(Editor’s note: Bold added for emphasis)

Back on March 28, I noted Rogers had warned on the Nikkei Asian Review (Japan) website eight days earlier:

I expect the American economy to be in recession sometime in the next year or two…

(Editor’s note: Bold added for emphasis)

And earlier that month I quoted a March 4, 2016, Bloomberg.com piece where it was reported:

The famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year

(Editor’s note: Bold added for emphasis)

Shevarnadze did a good job extracting some investment nuggets from the former investing partner of George Soros. Rogers still thinks there will be a better chance to buy gold “sometime in the next year or two,” and added later in the discussion:

If the dollar goes up, gold may go down. But, if it goes down, I hope to buy a lot more gold, because eventually gold is going to go through the roof. As this turmoil increases and people lose more and more confidence in governments, more and more confidence in paper money, they’re going to look for something, and gold and silver will be a couple of those places. If you’re looking for something right now- agriculture

I have sold short the U.S. stocks and I have sold junk bonds, low-grade bonds, in the U.S., I own shares in China, I have shares in Russia, I bought Russian government bonds, several days ago. These are places that I am looking at, I am looking at Kazakhstan as a place to invest, Iran I’m looking at, Nigeria I am looking at

(Editor’s note: Bold added for emphasis)

Kazakhstan and Nigeria are two markets not often mentioned by Rogers. A terrific interview, which you can read in its entirety over on the RT website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

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Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

Regular readers of Survival And Prosperity know that well-known investor, author, and financial commentator Jim Rogers is bullish on Asia (China in particular) and Russia. As recent as April 6, I blogged about a GoldSeek.com Radio interview (released April 1) in which the former investing partner of George Soros said:

I own Chinese renminbi. I own Chinese shares… I bought recently some Russian government short-term bonds in rubles.

He added later:

There are other places I’m looking at but I’m really not very active at all. I’m mainly just watching the world unfold. Be knowledgeable, be worried, and be prepared.

That last sentence is indicative of a lot of what Rogers has been sharing with the investing public lately.

Still, it’s being reported that the CEO of Rogers Holdings and Beeland Interests, Inc. is actively looking for places to put his substantial “war chest” ($300 million estimated net worth) to work. Katya Golubkova wrote on the Reuters website last Tuesday:

Veteran U.S. investor Jim Rogers is looking at possible investments into Russian oil firm Bashneft (BANE.MM) and diamond miner Alrosa (ALRS.MM) as he aims to add more Russian assets to his portfolio, he told Reuters…

“If they (Bashneft and Alrosa) are not under sanctions, I will take a look – as I said, I am looking for more investments in Asia and in Russia but I am an American and I have to be a little bit careful.”

(Editor’s note: Bold added for emphasis)

Golubkova added:

He already has interests in Russian state airline Aeroflot (AFLT.MM), the Moscow Exchange (MOEX.MM) and fertilizer producer PhosAgro (PHOR.MM). He owns some exchange traded funds (ETFs) and is investing in Russian treasury bonds.

“I am looking for more investments in Russia. I am trying to buy into a Russian tourist company, I am optimistic about Russian tourism,” Rogers said, adding that he was also looking to buy more stocks of Russian agriculture companies

(Editor’s note: Bold added for emphasis)

A little over a year ago, I discussed an April 6, 2015, Reuters piece in which Yelena Orekhova and Olga Popova wrote:

Russia could now be “the right place at the right time” for investors, he said. His own portfolio consists largely of Russian shares, he said, among them fertiliser company Phosagro , airline Aeroflot and the Moscow Exchange…

About those “Russian government short-term bonds in rubles” mentioned a week-and-a-half ago, Rogers expounded in the April 12, 2016, Reuters article:

“If I got a chance I would probably buy more,” Rogers said, adding that he was only investing in Russian rouble bonds, not Eurobonds.

“I want to buy rouble bonds, I am more optimistic about rouble bonds than I am in Eurobonds. Rouble bonds have much higher yields.”

(Editor’s note: Bold added for emphasis)

Nice work by Reuters for staying on top of Rogers’ (potential) Russian investments.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

Source:

Goubkova, Katya. “Veteran U.S. investor Rogers looks to add more Russia to portfolio.” Reuters. 12 Apr. 2016. (http://www.reuters.com/article/us-russia-rogers-idUSKCN0X90SC). 17 Apr. 2016.

Jim Rogers’ latest book…

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Monday, April 18th, 2016 Agriculture, Asia, Bonds, Commodities, Crash Prophets, Currencies, Emerging Markets, Energy, Europe, Exchange-Traded Funds, Gemstones, Investing, Natural Resources, Stocks, Tourism Comments Off on Jim Rogers: ‘I Am Looking For More Investments In Asia And In Russia’

Jim Rogers: ‘We’re Certainly Going To Have Worse Times Than We’ve Had In Our Lifetime’

Let’s talk finance and investing for the remainder of the day. Well-known investor, author, and financial commentator Jim Rogers recently made an appearance on GoldSeek.com Radio, and in the April 1, 2016, broadcast, the former investing partner of George Soros talked about several topics including a coming U.S. financial crash, where he’s putting his money these days, and the prospect of another buying opportunity with gold. On a coming crash, from the exchange with host Chris Waltzek:

WALTZEK: You know you’ve mentioned that this could be the “last rally.” I put that in quotes and we’re seeing again signs of that. But these price-to-earnings ratios, the CAPE ratios, some of our individual stocks 300, 500-priced-to- earnings. I mean, they’re priced to perfection for eternity. Could this lead to maybe a 1929-style scenario, or are we in worse or more dangerous water?
ROGERS: Chris, we’re certainly going to have worse times than we’ve had in our lifetimes. How bad it is? I expect it to be, well to repeat, worse than anything we’ve had in our lifetime, because the debt is like nothing it’s ever been in recorded history. America is now the largest debtor nation in the history of the world. Higher and higher. But so does everybody else’s debt. So the next time around- yes, it’s going to be very, very disastrous. The only hope Chris is that somehow the world survives the next time around. Well we won’t survive the one after that, I assure you, because the debt will be so much higher, money printing will be so much worse. We’re going to live in very interesting times, which as you know, a Chinese curse to live in interesting times.

Regarding where the Singapore-based investor is putting his money:

WALTZEK: So give us an idea then where those funds of yours are headed and where you feel safe right now.
ROGERS: I own a lot of U.S. dollars, not because it’s going to be a horrible currency in the end, but with the bad times coming many people will put their money in what they consider safe assets or safe havens, and many people think the U.S. dollar is a safe haven. Compared to the rest of the world- yeah, it is a safe haven compared to the yen or the euro or other currencies. So I own U.S. dollars. I own Chinese renminbi. I own Chinese shares. I’m short in the U.S. I’m long agriculture. I bought recently some Russian government short-term bonds in rubles. I own some gold and silver which I have for years- I haven’t bought any recently. Some stocks that I’ve owned for twenty or thirty years- I don’t see any reason to sell them since I bought them so long ago. That’s basically, off the top of my head, where my investments are.

On the prospect of another buying opportunity in gold, Rogers said:

I’m not rushing in to buy. I still expect a better opportunity to buy gold sometime in the next two or three years. If that happens, I hope I’m smart enough to buy more. If it doesn’t happen, I own some gold, so I’ll make money. But I’m still waiting for my… another opportunity.

The CEO of Rogers Holdings and Beeland Interests, Inc. shared with listeners:

There are other places I’m looking at but I’m really not very active at all. I’m mainly just watching the world unfold. Be knowledgeable, be worried, and be prepared.

“Be knowledgeable, be worried, and be prepared.” Wise words to digest.


“GSR interviews JIM ROGERS – March 31, 2016 Nugget”
YouTube Video

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

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Wednesday, April 6th, 2016 Agriculture, Asia, Bonds, Commodities, Crash Prophets, Currencies, Debt Crisis, Depression, Emerging Markets, Europe, Government, Investing, Monetary Policy, Money Supply, Precious Metals, Stocks Comments Off on Jim Rogers: ‘We’re Certainly Going To Have Worse Times Than We’ve Had In Our Lifetime’

Jim Rogers: ‘I Expect The American Economy To Be In Recession Sometime In The Next Year Or Two

Well-known investor, author, and financial commentator Jim Rogers was recently interviewed by the Nikkei Asian Review (Japan) about the global economy. Assessing its health, the former investing partner of George Soros warned on the Review’s website on March 20:

I am not optimistic about the global economy for the next couple of years. Japan is already in recession, some parts of Europe are suffering, some parts of America are suffering and that’s going to get worse, in my view, because there is nothing to make the world get better.

In America, we’ve had seven years since our last recession. That is unusual because in America, normally every four to seven years, throughout history, we have had an economic slowdown. So it’s overdue. It doesn’t have to end in seven years, but we have many excesses which have taken place in the world economy, caused by very low interest rates. And the American central bank is making many, many mistakes by having interest rates so low and by printing so much money. And then the Japanese central bank and the European Central Bank, and the British central bank, all did the same thing. So we’ve had an artificial situation based on printed money and huge amounts of debt. [The Federal Reserve’s] balance sheet was $800 billion in 2008. Now it is nearly $5 trillion. I expect the American economy to be in recession sometime in the next year or two.

(Editor’s note: Bold added for emphasis)

Survival And Prosperity readers may remember earlier this month I quoted a March 4, 2016, Bloomberg.com piece where it was reported:

The famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year

(Editor’s note: Bold added for emphasis)

In the short-but-insightful Nikkei Asian Review interview conducted by Hisashi Tsutsui, the Singapore-based Rogers revealed where he would invest given current circumstances, which you can read all about on the publication’s website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

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Monday, March 28th, 2016 Asia, Crash Prophets, Debt Crisis, Europe, Federal Reserve, Interest Rates, Monetary Policy, Money Supply, Recession Comments Off on Jim Rogers: ‘I Expect The American Economy To Be In Recession Sometime In The Next Year Or Two

Jim Rogers Warns ‘We Are Going To Have Serious Problems In 2016 And 2017’

Last time I blogged about the well-known investor, author, and financial commentator Jim Rogers, I said:

It’s been interesting watching him lately attach timeframes to some of his forecasts.

I quoted a March 4, 2016, piece on the Bloomberg website where it was reported:

The famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year

(Editor’s note: Blog added for emphasis)

The former investing partner of George Soros just shared another forecast- with a timeframe- in a recent interview with The Korea Times. Kim Jae-kyoung wrote on March 13:

“We are going to have serious problems in 2016 and 2017. It will be worse than 2008”

I expect markets to collapse like they did in 2008. It started in the middle of 2014 and that has been going worse and worse. I don’t know when the market will hit rock bottom but probably next year will be the worst.”

(Editor’s note: Blog added for emphasis)

Jae-kyoung added later:

Rogers said that situation is much worse now than in 2008, when the epicenter of the crisis was the U.S. But this time the crisis will be uibiquitous, he said, expecting that major economies, including the U.S., Japan and Europe, will all suffer further setbacks.

“It’s going to be the U.S. again because America is the largest debtor nation,” he said, “but this time, Portugal is going to go bankrupt, Italy is going to go bankrupt and the U.K. is going to collapse. It’s going to happen in a lot of places.”

(Editor’s note: Blog added for emphasis)

In the insightful Korea Times interview, the Singapore-based Rogers went on to share investment advice with readers, which you can read all about on the newspaper’s website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s notes: Info added to “Crash Prophets” page; a qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

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Thursday, March 17th, 2016 Asia, Bankruptcy, Crash Prophets, Debt Crisis, Europe, Investing, Recession, Stocks Comments Off on Jim Rogers Warns ‘We Are Going To Have Serious Problems In 2016 And 2017’

Bloomberg TV: Jim Rogers Predicts U.S. Economy In Recession Within 1 Year

As someone who’s observed the investment activities and advice of investor, author, and financial commentator Jim Rogers for over a decade, it’s been interesting watching him lately attach timeframes to some of his forecasts.

For example, regular readers of Survival And Prosperity were recently left with:

I see horrible problems in the world’s financial markets for a couple of years…

And:

There is going to be a big crisis coming up in the next year or two…

Now, the former investing partner of George Soros in the legendary Quantum Fund has been quoted by Bloomberg Television as saying the U.S. economy will be in a recession within the next year. Luke Kawa reported on the Bloomberg website last Friday:

Rogers Holdings Chairman Jim Rogers is certain that the U.S. economy will be in recession in the next 12 months.

During an interview on Bloomberg TV with Guy Johnson, the famous investor said that there was a 100 percent probability that the U.S. economy would be in a downturn within one year.

“It’s been seven years, eight years since we had the last recession in the U.S., and normally, historically we have them every four to seven years for whatever reason- at least we always have,” he said. “It doesn’t have to happen in four to seven years, but look at the debt, the debt is staggering.”

(Editor’s note: Bold added for emphasis)

“100 percent probability”

Interesting prediction. And considering the source, it kind of hard to discount.

Making a note of Rogers’ recession call on my work calendar… done.

You can read the entire article on the Bloomberg website here.

Christopher E. Hill
Survival And Prosperity (www.survivalandprosperity.com)

(Editor’s note: A qualified professional should be consulted prior to making a financial decision based on material found in this weblog. If this recommended course of action is not pursued, then it must be understood that the decision is the reader’s and the reader’s alone. The creator/Editor of this blog is 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 contained herein.)

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Monday, March 7th, 2016 Crash Prophets, Debt Crisis, Recession Comments Off on Bloomberg TV: Jim Rogers Predicts U.S. Economy In Recession Within 1 Year
Survival And Prosperity
Est. 2010, Chicagoland, USA
Christopher E. Hill, Editor

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

  • Martin Armstrong: Old Gold Coins Better Than Bullion Against Confiscation
    In two January blog posts on his company’s website, economist Martin Armstrong shared what he thinks is the most effective way to possess and retain physical gold in the face of government confiscation. On January 10, Armstrong advised his blog readers: As we move forward, it will be best to hold assets out of banks […]
  • New Year’s Half-Price Domain Sale
    A little housekeeping to start off the blogging week on Offshore Safe Deposit Boxes. I’d like to direct your attention to the following on the blog’s sidebar: Opening An Offshore Private Vault? New Year’s HALF-PRICE Domain Sale Limited Time Only! elitevaults.com $100 offshoreprivatevault.com $500 offshoresafedepositbox.com $500 Inquire Via “Contact” Page Have a great week, Christopher […]
  • Related Reading: Singapore Private Vaults ‘Have Quietly Begun To Bulge With Gold And Silver’
    I recently came across an article on The Business Times (Singapore) website which points out privately-owned precious metals from around the world are finding their way to non-bank vaults in Singapore. Andrea Soh reported on December 12: These are unsettling times. A recession looms. Extremist parties are on the ascent globally. One of the oldest […]
  • Next Degussa Numis Day To Take Place January 26, 27
    Degussa, a leading international player in the precious metals world which also offers safe deposit boxes (for customers) at branches in Germany, Singapore, Spain, and Switzerland, has posted information about the next Numis Day (first blogged about here) at their Geneva and Zurich showrooms. From their website: The Next Numis Day We appreciate and appraise […]
  • Related Reading: Martin Armstrong Covered By Washington’s Blog
    Regular readers of Offshore Safe Deposit Boxes know I bring up economist Martin Armstrong from time to time (case in point, the last entry) due to his views on subjects such as the War on Cash, gold confiscation, and safe deposit boxes. This afternoon Armstrong was the focus of a post published my other blog- […]