Monday, December 30, 2013
Thursday, December 26, 2013
Roger warns of social unrest
This is not going to be fun. Don't think I'm looking forward to this. It's going to be a disaster. I don't see the bureaucrats coming to their senses, so it's going to be the markets, and it's going to mean a lot of unpleasant times.
You're already seeing social unrest in many countries, and it's going to get a lot worse I assure you.
via www.Jimrogerblog.com
You're already seeing social unrest in many countries, and it's going to get a lot worse I assure you.
via www.Jimrogerblog.com
Wednesday, December 25, 2013
US Gold reserves not enough for the dollar
The US government according to various reports holds 8,133 tonnes of gold bullion reserves.
It might seem like a lot but according to Jim Rogers, "It's not nearly enough to back the Dollar because we're the largest debtor nation in history – trillions and trillions of dollars."
It might seem like a lot but according to Jim Rogers, "It's not nearly enough to back the Dollar because we're the largest debtor nation in history – trillions and trillions of dollars."
Monday, December 23, 2013
Thursday, December 19, 2013
Stock market rise has been for for those who benefited
This is a lot of fun for those participating [in the stock market rally].
But the overall situation is getting worse and worse. We're all going to have to live with the consequences of printing money.
But the overall situation is getting worse and worse. We're all going to have to live with the consequences of printing money.
Wednesday, December 18, 2013
Jim Rogers: Im not a market timer
This [Gold] correction could last another few months. I don't know, I'm not a market timer. I'm terrible at short-term trading. But if it goes down more I hope I'm smart enough to buy more. I'm certainly not selling [gold].
Monday, December 16, 2013
Jim Rogers Net Worth
Jim Rogers net worth is an estimated amount of $300 million as of 2013.
In recent years, Jimmy Rogers has authored several books. In total, his net worth is attributed to smart business ventures and including his success in writing.
He was born in Baltimore, Maryland in the United States of America. He currently lives in Singapore with his wife and daughters.
In recent years, Jimmy Rogers has authored several books. In total, his net worth is attributed to smart business ventures and including his success in writing.
He was born in Baltimore, Maryland in the United States of America. He currently lives in Singapore with his wife and daughters.
Thursday, December 12, 2013
Wait until next crisis 2014-2015
2008 was so much worse than 2000 because the debt was so much higher, you wait until 2014 or 2015 when the next crisis hits... Debt has gone through the roof, the next one's gonna be really bad.
Be prepared, be worried, and be careful.
Be prepared, be worried, and be careful.
Wednesday, December 11, 2013
Commodities are not dead investments
Commodities have pulled back, but I would remind you that in all bull markets there are periods of correction.
In 1987 – during the great bull market in stocks – stocks went down 40 to 80 per cent around the world; again in 1989, 1990, 1994, etc. Every time people said the bull market’s over, but it wasn't. I think that’s what’s happening with commodities now.
In 1987 – during the great bull market in stocks – stocks went down 40 to 80 per cent around the world; again in 1989, 1990, 1994, etc. Every time people said the bull market’s over, but it wasn't. I think that’s what’s happening with commodities now.
Tuesday, December 10, 2013
Monday, December 9, 2013
People in the West have enourmous debts
Eventually, the whole world is going to collapse. We in the West have staggering debts. The United States is the largest debtor nation in the history of the world, this is going to end badly.
Thursday, December 5, 2013
China will be affected by the Western world
Jim Rogers on Chinese economy and if it will be affected by what happens in the West.
America is the largest economy in the world, Europe as a whole is an even bigger economy, Japan is big. When you put America, Europe and Japan together ofcourse if they have problems China will have problems.
China is 1/10th (one-tenth) the size of those economies. They are going to be affected by whats happening in the Western world.
America is the largest economy in the world, Europe as a whole is an even bigger economy, Japan is big. When you put America, Europe and Japan together ofcourse if they have problems China will have problems.
China is 1/10th (one-tenth) the size of those economies. They are going to be affected by whats happening in the Western world.
Tuesday, December 3, 2013
Likely that Fed will self destruct
In America we've had 3 central banks in our history. The first two disappeared.
This one is going to disappear as well. They keep making mistakes, leveraging balance sheets, taking on huge amounts of debt.
This one is going to self destruct, unless politicians say 'this is a mistake lets get rid of it' However, its more likely they [Fed] will self destruct.
This one is going to disappear as well. They keep making mistakes, leveraging balance sheets, taking on huge amounts of debt.
This one is going to self destruct, unless politicians say 'this is a mistake lets get rid of it' However, its more likely they [Fed] will self destruct.
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