Wednesday, August 31, 2016

Donald Trump vs Hillary Clinton - What they have in common

If Mr. Trump does what he says-- I'm just saying what he says-- if he does, it means bankruptcy and war," said Rogers in the interview. "I mean, trade wars. He is determined, he says, to have lots of trade wars. If he does that, that's always, always led to bankruptcy.

One of the, I guess, the main lesson of history is that nobody knows the lessons of history. Nobody learns the lessons of history. Even if you know history, which most don't, we don't learn the lessons of history. But they've always lead to trade wars. And trade wars have often led to the real thing.


Now, if Mrs. Clinton wins, same thing, it just takes longer. She doesn't have a clue what she's doing, absolutely, no clue what she's doing. And she'll tax us all and bankruptcy us all, sooner or later, sooner probably. Maybe a little later than if Mr. Trump wins. But either way, there's a bear market in your future. And the two people on the horizon, which apparently one of will win — it's as I said before, these things start slowly, a marginal country, marginal companies, and the next thing you know we're in the midst of a bear market."


Jim Rogers is a smart investor who co-founded the Quantum Fund with George Soros in 1973. By 1983 the fund gained more than 4000 percent.