Jim Rogers: ‘This Is The Time To Buy Russia’

Investor, author, and financial commentator Jim Rogers has been bullish on Russia for some time now. In fact, by the time I first blogged about his optimism for the country back in February 2013, he had already invested there.

Despite the recent crisis in the Crimea and subsequent sell-off of Russian assets by international investors, the former investing partner of George Soros hasn’t changed his mind about the former Communist nation. Gertrude Chavez-Dreyfuss and Daniel Bases reported on the Reuters website Sunday:

“Russia’s stock market right now is one of the cheapest in the world, and probably one of the most hated,” said investor and commodities guru Jim Rogers, chairman of Rogers Holdings, in Singapore. “This is the time to buy Russia.”

(Editor: Bold added for emphasis)

Chavez-Dreyfuss and Bases added later in the piece:

Rogers, who has been investing in Russia for the last 1-1/2 years, said he bought Russian stocks last week. He said if more sanctions are imposed and the equities market declines further, there would be more buying opportunities in Russia.

Rogers said he is looking for non-energy companies – a tall order considering the RTS Index of 51 leading Russian companies is heavily skewed toward energy (58 percent of the index) and basic materials (13 percent)…

(Editor: Bold added for emphasis)

In January 2013, the Singapore-based investor identified Russia as one market holding the best prospects for investors. Next month, Rogers made it known he had bought Russian bonds and currency. By September, he revealed he had also bought Russian ETFs, but explained:

I don’t want to buy their oil and gas plays because I own enough oil and gas. I’m looking for other kinds of companies in Russia.

By Christopher E. Hill
Survival And Prosperity (

(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.)


Chavez-Dreyfuss, Gertrude and Bases, Daniel. “Analysis: Russia sell-off spurs hunt for bargains.” 30 Mar. 2014. ( 31 Mar. 2014.

Tags: , , , , , , ,

President Obama: ‘Nuclear Weapon Going Off In Manhattan’ Top U.S. Security Threat

Occasionally, I blog about the threat of nuclear terrorism for the United States.

Earlier today, President Barack Obama spoke at a news conference while attending the Nuclear Security Summit 2014 in Holland. The U.S. President brought up the danger of a nuclear device being detonated in one of America’s major cities. From a transcript provided by the Federal News Service:

And so my response then continues to be what I believe today, which is Russia’s actions are a problem. They don’t pose the number-one national security threat to the United States. I continue to be much more concerned when it comes to our security with the prospect of a nuclear weapon going off in Manhattan, which is part of the reason why the United States, showing its continued international leadership, has organized a forum over the last several years that’s been able to help eliminate that threat in a consistent way…

(Editor’s note: Italics added for emphasis)

Think he knows something the majority of Americans don’t?

Personally, I’d be hard-pressed to live in or around New York City or Washington, D.C., if you catch my drift…

You can read the entire transcript on The Washington Post website here.

By Christopher E. Hill
Survival And Prosperity (

Tags: , , , , , , ,

Tuesday, March 25th, 2014 Europe, Foreign Policy, Government, Terrorism No Comments

Welcome To Cold War 2

There’s been quite a bit of talk in the mainstream media these days about Russia and the United States being in a new “Cold War.”

As if the Syrian crisis didn’t provide a hint.

In “honor” of Cold War 2, I thought I’d bust out this Elton John classic for readers (I’ve never been a big fan of Elton John, but liked this tune since I first heard it back in the mid-eighties):

Elton John, “Nikita” (1985)
YouTube Video

Even though I first saw this video in 1985, it took me 29 years to realize Elton John was operating the windows of the Rolls Royce Corniche as if the convertible top was on. It wasn’t. Funny guy.

And because I didn’t see the film version of Tommy until 1994, I didn’t realize John had reprised his role as The Pinball Wizard when I first watched the music video on MTV 9 years earlier.

By Christopher E. Hill
Survival And Prosperity (

Tags: , , ,

Crimea Crisis

I spotted the following (creator unknown) last week regarding the crisis in the Crimea:

Crimea Humor

I don’t know about you, but I think it’s a pretty good depiction of what’s happened to date.

Christopher E. Hill
Survival And Prosperity (

Tags: , , , ,

Wednesday, March 19th, 2014 Europe, Foreign Policy, Government, Humor No Comments

Quotes For The Week

“After the Russian Army invaded the nation of Georgia, Senator Obama’s reaction was one of indecision and moral equivalence, the kind of response that would only encourage Russia’s Putin to invade Ukraine next.”

-2008 Republican vice-presidential nominee Sarah Palin, speaking at a rally in a Reno, Nevada, on October 21 of that year

“Back in 2008, I accurately predicted the possibility of Putin feeling emboldened to invade Ukraine because I could see what kind of leader Barack Obama would be. The bullies of the world are always emboldened by indecision and moral equivalence. We can expect more of this sort of thing in a world where America is gutting its military and ‘leading from behind.’”

-Sarah Palin, speaking to Todd Starnes of FOX News Friday

Speak softly and carry a big stick, my friends.

By Christopher E. Hill
Survival And Prosperity (

Tags: , , , , ,

Quote For The Week

“I’ve said it before, but if Barack Obama had been president instead of Ronald Reagan, I’d still be a citizen of the Soviet Union.”

-Garry Kasparov, Russian (formerly Soviet) chess Grandmaster, former World Chess Champion, writer, and political activist, in a February 22 “tweet”

By Christopher E. Hill
Survival And Prosperity (

Tags: , , , , , ,

Quote- No, Headlines- For The Week

Something different for readers this week. Instead of a quote, here’s two news headlines which made my eyes roll upon spotting them this weekend…

“Dow 20,000 here we come: It’s different this time”, November 22, 2013

“It’s different this time.”

I’ve lost count how many times I’ve heard this phrase uttered over the years as some asset bubble was being inflated.

It’s not just me either.

From Michael Kling on the Moneynews website back on May 23, 2013:

Time and again, as stock prices continue rising to unsustainable heights, stock enthusiasts have preached, “This time is different.”

And it’s not just stocks either.

From Charles Hugh Smith on this past Halloween:

Defenders of current real estate valuations can draw upon an array of justifications, but they boil down to the same one used to justify valuations in every asset bubble: this time it’s different.

As for my two cents? Like I commented on a Chicago Tribune article last week, it’s my belief that after the economic crisis reared it’s ugly head in the fall of 2008, home prices nose-dived, and the “Great Recession” took hold, Washington and the Fed only managed to paper over the situation and monetary policy was designed to inflate a new asset bubble (or two, what the hell) to “save” the U.S. economy and larger financial system. Subsequently, we find ourselves immersed in QE Infinity and what some of those who correctly-predicted the “Panic of ’08″ and housing crash see as new bubbles forming in residential real estate and equities.

I don’t envision this ending well.

Speaking of the Tribune, here’s another headline that made me cackle in disbelief.

“Breakthrough deal curbs Iran’s nuclear activity”

-Chicago Tribune website, November 24, 2013

All I can say about this hopium-infused headline is that I expect one of two scenarios down the road:

1. Downtown Tehran packed to the gills as the Islamic Republic of Iran parades its first nuclear weapon for the entire world to see. Those in the know understand state actors in this region of the world can only salivate over the prospect of having a nuke in their arsenal- Iran included. Realpolitik, people.

2. A mushroom cloud over an Israeli or U.S. city. If the technology/opportunity presents itself, an electromagnetic pulse originating from a nuclear device detonated in the atmosphere over one of these countries (more bang for the buck).

Of course, all bets are off over these two scenarios taking place if some one (the Israelis?) take out Iran’s growing nuclear capabilities with military force.

Question is, is that even possible anymore given the time Iran has had?

Again, there’s others who think the claim that the interim pact reached betwen Iran and China, France, Germany, Great Britain, Russia, and the United States “curbs Iran’s nuclear activity” is one big joke.

Enter Saudi Arabia’s Prince Alwaleed bin Talal, “the world’s foremost value investor” with a net worth of $20 billion as of March 2013 according to Forbes magazine. Here’s what the Saudi royal had to say about a potential deal with Iran. From Jeffrey Goldberg on Friday night:

“There’s no confidence in the Obama administration doing the right thing with Iran,” he told me, with a directness that would make Benjamin Netanyahu blush. “We’re really concerned — Israel, Saudi Arabia, the Middle East countries — about this.”

It is quite something for a Saudi royal to state baldly that his country is part of a tacit alliance with Israel, but Saudi leaders, like Israel’s leaders, are frantic with worry that an overeager Obama will accede to Iran’s desire to become a threshold state, one whose nuclear program is so advanced that it would only need several weeks to assemble a deliverable weapon. Alwaleed, like Netanyahu, the Israeli prime minister, believes that Iran, in its ongoing negotiations with the world’s major powers, will pocket whatever sanctions relief it gets without committing to ending its nuclear program. “Why are they offering relief?” he asked. “Keep the pressure on. Sanctions are what brought about the negotiations to begin with! Why not keep the pressure up?”

Obama, Alwaleed says, is a man who is in desperate political straits and needs a victory — any victory — to right his presidency. “Obama is in so much of a rush to have a deal with Iran,” he said. “He wants anything. He’s so wounded. It’s very scary. Look, the 2014 elections are going to begin. Within two stamonths they’re going to start campaigning. Thirty-nine members of his own party in the House have already moved away from him on Obamacare. That’s scary for him.”

(Editor’s note: Italics added for emphasis)

Note Goldberg’s headline for his Bloomberg piece:

“Iran Is Playing Obama, Says Saavy Saudi Prince”

Iran is “playing” Obama and many others, judging by the buzz being reported in the mainstream media this Sunday.

Not me. I just can’t see Dow 20,000 being sustained just yet or Iran’s nuclear aspirations being curbed through diplomacy any time soon.


Kling, Michael. “New Yorker: No Stock Bubble- This Time Is Different.” 23 May 2013. ( 24 May 2013.

Smith, Charles Hugh. “What Real Estate Bubble? Oh, You Mean the One That’s Bigger Than the 2007 Bubble?” 31 Oct. 2013. ( 24 Nov. 2013.

Goldberg, Jeffrey. “Iran Is Playing Obama, Says Savvy Saudi Prince.” 22 Nov. 2013. ( 24 Nov. 2013.

By Christopher E. Hill
Survival And Prosperity (

(Editor’s note: 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: , , , , , , , , , , , , , , , , , , , , , ,

Jim Rogers Bullish On Russia, Sugar

Well-known investor, author, and financial commentator Jim Rogers appeared on the FOX Business show After the Bell on Monday. Speaking to David Asman and Liz Claman, the former investing partner of George Soros elaborated on two investment opportunities he’s spoken of before- sugar and Russia. From their exchange the other day:

CLAMAN: What do you buy in this atmosphere? What commodity do you like right now?
ROGERS: Agriculture. Buy sugar. Buy sugar. If you go to a restaurant tonight and there’s sugar on the table, put it in your pocket, because it’s free and it’s going to go high.
ASMAN: Sugar has come down enormously. What, about 75 percent?
ROGERS: 75 percent below its all-time high.
ASMAN: So, is this just a temporary- I mean, obviously, commodities are a very scary thing to play. It takes a lot of, a few people, like Jim Rogers to play the commodities game. Is this going to change quickly?
ROGERS: Well, I hope so. When you buy it you hope it goes up that day. I’m buying sugar as we speak. So I have no idea when it’s going to go up. It may go down.
CLAMAN: Do you buy it raw? Do you buy the ETF? How do you, Jimmy Rogers, purchase sugar?
ROGERS: I buy sugar itself… And I buy sugar companies as well. Companies which produce sugar.

Back on August 27, I blogged about Rogers starting to purchase sugar:

The so-called commodities guru still has a sweet tooth, as he mentioned in an interview that was published on The Economic Times (India) website earlier today:

ET NOW: With gold prices soaring to the levels of 32600, what are the commodities that you are currently betting on?
ROGERS: I have started buying some sugar. I am not sure of how I got my timing right, I am never very good at it, but I am more bullish on agriculture. Some agriculture prices are very depressed. Sugar, for instance, in the western market is down over 75% from its all-time high. Especially for India and places that I mentioned, you are going to need to protect yourselves from currency debasement and currency decline. So think of real assets.

(Editor’s note: Italics added for emphasis)

On Russia, the Singapore-based investor shared with After the Bell viewers that had bought Russian ETFs. Rogers explained:

I don’t want to buy their oil and gas plays because I own enough oil and gas. I’m looking for other kinds of companies in Russia.

Back in February I blogged about how Rogers revealed on the Yahoo! Finance show The Daily Ticker that he was “optimistic” on Russia and had invested there.

“Jim Rogers: If gold goes under $1K, I will buy”
FOX Business Video

By Christopher E. Hill, Editor
Survival And Prosperity (

(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: , , , , ,

Marc Faber Shares ‘My Investment Strategy During This Time’

“Doctor Doom” Marc Faber recently spoke to Nophakhun Limsamarnphun over at The Nation (Thailand) about investing. The Swiss-born investment advisor and fund manager shed a good deal of light on his strategy, telling readers on September 14:

My investment strategy during this time is that you have to diversify and minimise your risks from economic, political, geopolitical and other factors. Your portfolio should include properties, stocks and equities, corporate bonds, gold and silver, plus cash. It should be 25 per cent of each, or 125 per cent – just to mimic the US accounting standard where things now do not add up.

What a character.

While a good deal of their discussion focused on Thai investments, the publisher of the monthly investment newsletter The Gloom Boom & Doom Report shared some valuable nuggets as it concerned other areas. From the piece:

On gold and silver, I think people should have 20 per cent of their money in physical gold, not gold papers. I would put the gold bars into deposit boxes at banks. Don’t speculate but buy regularly and keep them safe. We live in a volatile period. Gold is not like other commodities, it’s the only honest currency when paper currencies are not.

On corporate bonds, I like issues from Russia, Kazakhstan and India with yields of 5-6 per cent, but they are not 100 per cent safe unless they are triple-A. Corporate bonds have an equity character. They don’t move much when stock markets crash. When things go bad, government bonds on the other hand tend to go up in value because of flight to safe havens.

In terms of cash and paper currencies, I like Malaysian ringgit and Singapore dollars, while the Thai baht is just OK.

As for equities? Dr. Faber talked about Thai stocks. However, I blogged back on September 9 about his appearance on CNBC Asia’s Cash Flow that morning and how he told viewers:

I don’t think that stocks are the greatest bargain anymore.

Great job by Limsamarnphun for getting Doctor Doom to divulge this information.

By Christopher E. Hill, Editor
Survival And Prosperity (

(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.)


Limsamarnphun, Nophakhun “Investment guru favours diversity, physical gold amid US-fuelled volatility.” The Nation. 14 Sep. 2013. ( 17 Sep. 2013.

Tags: , , , , , , , , , , , , , , , , , , ,

Quote For The Week

“My working and personal relationship with President Obama is marked by growing trust. I appreciate this. I carefully studied his address to the nation on Tuesday. And I would rather disagree with a case he made on American exceptionalism, stating that the United States’ policy is ‘what makes America different. It’s what makes us exceptional.’ It is extremely dangerous to encourage people to see themselves as exceptional, whatever the motivation. There are big countries and small countries, rich and poor, those with long democratic traditions and those still finding their way to democracy. Their policies differ, too. We are all different, but when we ask for the Lord’s blessings, we must not forget that God created us equal.”

-Vladimir Putin, Russian President, writing in The New York Times “Opinion Pages” on September 11

By Christopher E. Hill, Editor
Survival And Prosperity (

Tags: , ,

Monday, September 16th, 2013 Europe, Foreign Policy, Quote For The Week No Comments

Resource Of The Week- TESIS Geomagnetic Activity Forecast

You may recall that I blogged the other day about a geomagnetic storm heading in the direction of Earth.

Well, I didn’t know that the Sun fired off another solar storm at our planet Wednesday until this morning.

From Tariq Malik, managing editor of, Thursday evening:

The sun fired off an intense solar storm at Earth Wednesday (Aug. 21) — the second in two days — hurtling billions of tons of charged particles at our planet…

The solar eruption, called a coronal mass ejection, occurred yesterday at 1:24 a.m. EDT (0524 GMT) and sent charged particles streaking outward at 380 miles per second. That’s just over 1.3 million mph (2.2 million km/h). The solar fallout from the sun storm is expected to reach Earth within the next three days.

According to the National Aeronautics and Space Administration, this storm shouldn’t pose a threat to humans on Earth.

Late this afternoon, I thought to myself, “I wonder if there’s some resource out there that tracks severe space weather and attempts to forecast the resulting geomagnetic storms affecting Earth?”

Why would I be interested in something like that?

Back on August 16, 2011, I blogged about the potential consequences of a wicked solar storm. According to one estimate, a severe one could cause $1 trillion to $2 trillion in losses the first year, and take 4 to 10 years to fully recover from.

Personally, I suspect the carnage would be worse.

Getting to work, I queried “space geomagnetic storm forecast” on an Internet search engine and came across something called “TESIS.” From their website:

The TESIS is a set of solar imaging instruments developed by the Lebedev Physical Institute of the Russian Academy of Science, and launched aboard the Russian spacecraft CORONAS-PHOTON in January 30, 2009. The main goal of the TESIS is to provide complex observations of solar active phenomena from the transition region to the inner and outer solar corona with high spatial, spectral and temporal resolution in the EUV and Soft X-ray spectral bands.

The TESIS includes five unique space instruments to observe the inner and outer solar corona from 0.2 to 4 solar radii in spectral band 290-320 A. With the advanced capabilities of its instruments, the TESIS will help better understand the physics of solar flares and high-energy phenomena and provide new data on parameters of solar plasma in the temperature range 105- 107 K.

The TESIS experiment started in the deep minimun between the 23rd and the 24th cycles of solar activity and planned to continue through all the razing phase of new cycle till 2012-1013…

TESIS main tasks

-The study of mechanisms of solar wind generation and coronal heating.
-The development of methods for space weather forecasting.
-The study of the production and evolution of high-temperature plasmas in the corona.
-The analysis of processes of magnetic energy accumulation and release before and during flares.

Did you guys understand all that? I sure didn’t. And I’m a fan of astronomy.

The thing that counts is, the TESIS website has a page dedicated to “Geomagnetic Activity Forecast” under “The Sun Today” in the main menu.

For each calendar day, the following is provided:

-”24-hours forecast of magnetic storms”
-”27-days forecast of magnetic storms”
-”3-day forecast of solar activity”
-”27-days forecast of solar activity”

As it stands right now late Friday night:

-24-hour forecast of magnetic storms: “Magnetic disturbances are expected”
-27-day forecast of magnetic storms: Geomagnetic distrbances are expected on September 1, 11, and 12
-3-day forecast of solar activity: The probability of a “strong magnetic storm” reaches 10 percent on Sunday (with strong defined as level G3 or higher)
-27-day forecast of solar activity: Solar activity is expected on September 1, 11, and 12

(Editor’s note: According to the NOAA Space Weather Scale for Geomagnetic Storms, a level G3 storm could result in the following:

Power systems: voltage corrections may be required, false alarms triggered on some protection devices.
Spacecraft operations: surface charging may occur on satellite components, drag may increase on low-Earth-orbit satellites, and corrections may be needed for orientation problems.
Other systems: intermittent satellite navigation and low-frequency radio navigation problems may occur, HF radio may be intermittent, and aurora has been seen as low as Illinois and Oregon (typically 50° geomagnetic lat.))

The TESIS Geomagnetic Activity Forecast looks promising. The site correctly-predicted “geomagnetic disturbances” for both August 20 and 21. And as long as it remains up-and-running, I’ll try to make it a point to stop by the web site on a regular basis in an attempt to keep abreast of severe space weather coming the planet’s way.

You can view the forecast on the TESIS website here.

(Editor’s note: Link added to “Resources” page)


Malik, Tariq. “Sun Unleashes Another Solar Storm Aimed at Earth.” 22 Aug. 2013. ( 23 Aug. 2013.

Tags: , , , , , , , , , , , , , , , , ,

Jim Rogers Predicts U.S. Dollar Calamity By ‘End Of Decade’

Well-known investor Jim Rogers was interviewed by Lansing, Michigan radio station 1320 WILS AM on August 1. The former investing partner of George Soros talked about a number of money-related topics, including his currency holdings and what he thinks the prospects are for the U.S. dollar. From the interview:

While I have very little confidence in the future of the U.S. dollar, I actually own it at the moment, just because I expect more currency turmoil coming in the next couple of years. We’re going to have a lot more problems in financial markets. And, rightly or wrongly, when people see turmoil and chaos, they rush to the U.S. dollar as a safe haven. Well, it’s not a safe haven, but I have more money in the U.S. dollar than I’ve had in a long time because I’m worried about other currencies. I own a few Russian rubles because I own some investments in Russia, but I don’t own them by themselves. I do own the Chinese currency. I’m optimistic about the Chinese currency longer-term.

The CEO of Rogers Holdings and Beeland Interests noted that for the first time in recorded history, all major governments and central banks are printing huge amounts of money, purposely debasing fiat currency and creating what he sees is a “big problem for all of us.”

Rogers added this warning about the greenback later in the exchange:

I would suspect that by the end of this decade- if not before or maybe shortly after- people are just going to stop- international creditors- are just going to stop accepting U.S. dollars and stop lending us money. I would.

America is the largest debtor nation in the history of the world. And it’s getting worse every month, every year. And eventually, people just say, “Enough is enough.” At least, that’s what happened throughout history. Eventually people have always just said, “We’re not going to lend you any more money.”

An insightful interview, which can be accessed via here.

By Christopher E. Hill, Editor
Survival And Prosperity (

(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: , , , , , , , ,

RAND Corporation: ‘Mumbai-Style Attack Is Conceivable In The United States’

Last Thursday I blogged about the nonprofit global policy think tank RAND Corporation and their briefing of a U.S. House committee on July 18 regarding the threat Al-Qaeda poses to the United States.

I came across the RAND Corporation again when I stumbled on a recent article by Brian Michael Jenkins, Senior Adviser to the RAND President, on the U.S. News & World Report website. The former Green Beret captain served as chair of the Political Science Department at RAND and is the author of numerous books, reports, and articles on terrorism-related topics. So the man’s got “street cred” when it comes to discussing terrorism. Jenkins wrote on July 10:

Recently, I was asked to prepare testimony for a congressional hearing examining the possibility that an armed terrorist attack – similar to the 2008 attack that killed 162 people in Mumbai – could happen in the United States…

In Mumbai, there were 10 terrorists, armed with assault rifles, pistols, grenades and improvised explosives. They carried out coordinated attacks across the city, paralyzing a metropolis of 14 million people for 60 hours while mesmerizing the world’s media. It was a complex operation and likely the culmination of months of training.

Jenkins went on to point out a number of challenges to planning, mobilizing, and carrying out a Mumbai-style attack in the United States. Still, he concluded:

A Mumbai-style attack is conceivable in the United States, though probably not anywhere near the same scale.

(Editor’s note: Italics added for emphasis)

I just got done digging up his testimony that was submitted before the House Homeland Security Committee, Subcommittee on Counterterrorism and Intelligence, on June 12. “The Threat of a Mumbai-Style Terrorist Attack in the United States” is an incredibly interesting and informative read, especially as I, too, believe a Mumbai-style attack in America is possible. There are others who also share this view. I blogged back on April 28, 2011:

Should we as Americans be concerned with a Mumbai-style terrorist attack happening on our shores? Definitely, according to chatter picked up by Massad Ayoob, a captain with the Grantham (New Hampshire) Police Department and an internationally-known firearms and self-defense instructor. He wrote yesterday in his blog Massad Ayoob on Guns on the Backwoods Home Magazine website that:

The general consensus of police, military, and national intelligence is that it’s only a matter of time before this nation experiences an incident reminiscent of Beslan or Mumbai: armed, trained, committed terrorists massacring the innocent with automatic weapons and explosive.

(Editor’s note: Italics added for emphasis)

An “American Mumbai?” It’s possible. Some might even argue probable.

You can read Brian Michael Jenkins’ testimony to that House committee on the RAND website here.

By Christopher E. Hill, Editor
Survival And Prosperity (

Tags: , , , , , , , , , , , , , ,

Jim Rogers Warns Coming Stock Market Downturn ‘Will Be Worse Than 2001 And 2008-2009’

Catching up with the “crash prophets,” on Monday I blogged about what Dr. Marc Faber was up to these days. “Doctor Doom,” as the financial news media likes to call him, issued this warning:

And I believe that one day, this financial bubble will have to adjust on the downside. Either it will adjust on the downside because we have an inflationary burst, or we have a collapse of the system.

Another “prophet” had been making the rounds as well. Along with a similar warning.

In an interview with that was published on on July 20, well-known investor, author, and financial commentator Jim Rogers talked about a number of finance/investing topics, including where the United States was heading (hat tip Trade The Newsroom website). From the exchange:

FMT: Is there a sense that the recovery is sustainable in the United States?
ROGERS: This is the only time in recorded history that we’ve had all the major central banks in the world printing money and debasing their currencies at the same time. So there’s a flood of artificial money floating around. And the people getting that money are having a good time and certainly making a lot of money. But overall, the situation is not improving. In fact, the situation is degenerating because there’s debt piling up everywhere, staggering amounts of printed money out there. This is going to end very, very badly. I’m not the only one who knows it. But at the moment, many people are having a good time.
FMT: Do you feel comfortable buying stocks? Is Bernanke kind of giving us a floor here?
ROGERS: Floor? No, there’s no such things as a floor. Because when it ends, the whole thing is going to collapse. It’s going to be worse than 2008, 2009. But I own some shares. I bought some shares this week, as a matter of fact. Not in the U.S., but I own shares, and I bought more. But again, I’m very worried because I know it’s going to end, and end badly.

“Jim Rogers EXCLUSIVE Interview with Future Money Trends July 2013”
YouTube Video

The former investing partner of George Soros repeated his warning of an unhappy ending for the current bull market in U.S. stocks while attending the fourth annual Innovative Alternative Investment Strategies conference in Denver on July 23. Evan Simonoff wrote on the website of Financial Advisor on July 25:

Speaking of the current bull market in U.S. equities, Rogers told advisors, “Enjoy it, but be prepared. I do know it will end, but not when. We’re getting close to the end.”

The day that happens won’t be a pretty one. “When it ends it will be a big mess,” he continued. “This will be worse than 2001 and 2008-2009.”

(Editor’s note: Italics added for emphasis)

Simonoff added that Rogers, who has a new book out entitled Street Smarts: Adventures on the Road and in the Marketsicon, is starting to invest in Russian stocks, something I blogged about back on February 5.

As for commodities, which the CEO of Rogers Holdings and Beeland Interests, Inc. is most often associated with these days, Simonoff noted:

Water remains a more attractive commodity, though Rogers added a caveat. “Don’t own it,” he warned. “Politicians will hang you in the public square. Find a way to transport, clean it or filtrate it and you will be a hero in the public square.”

The Financial Advisor piece is very revealing as to how Jim Rogers surveys the current investing landscape, which you can read on the publication’s website here.

By Christopher E. Hill, Editor
Survival And Prosperity (

(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: , , , , , , , , , ,

Pentagon: Iran Could Flight-Test ICBM Capable Of Striking U.S. By 2015

Here’s a bit of disturbing news concerning Iran’s advancing nuclear capability I caught yesterday from Defense Update, an online defense magazine published in Israel. From their website:

A new Pentagon assessment of Iran’s military power maintains that in two years time, Iran could flight-test an intercontinental ballistic missile capable of striking the United States, given “sufficient foreign assistance”, is provided to Tehran. The new assessment reiterated a longstanding estimate of the U.S. intelligence community. Iran could test such a missile by 2015 with assistance from nations like North Korea, China or Russia.

Apparently, this comes from an unclassified portion of the Annual Report on Military Power of Iran, dated January 2013 and made available by the Pentagon on April 25, 2013.

You can read the rest of the article on the Defense Update site here.

By Christopher E. Hill, Editor
Survival And Prosperity (

Tags: , , , , , , , , ,

Christopher E. Hill, Editor
87,086 Unique Visitors in 2013
360,266 Unique Visitors from
Please Rate this Blog HERE
America's Day of Reckoning is ApproachingNew Affiliate Partner! Casey Research
free knife with blackhawk New Affiliate Partner! CHIEF Supply
Nitro-Pak--The Emergency Preparedness Leader Nitro-Pak Reviewed HERE
JM Bullion Reviewed HERE
Learn how to get Money Every Month with this report New Affiliate Partner! Casey Research
Food Insurance Food Insurance Reviewed HERE
Buy gold online - quickly, safely and at low prices Reviewed HERE
Free 2014 Gold Guide New Affiliate Partner! Casey Research
Get Free Shipping at BrownellsBrownells Reviewed HERE
Smoky Mountain Knife Works Reviewed HERE
Buying Gold GoldMoney Reviewed HERE
Going Global 2014 New Affiliate Partner! Casey Research
New Affiliate Partner! CHIEF Supply
RealtyTrac RealtyTrac Reviewed HERE
Airsoft Megastore - Limited Time Savings, Save Up to 20% Airsoft Megastore Reviewed HERE