There is plenty of crypto currencies

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"There have been plenty of bubbles I have seen in my life but this one is a little strange, because at least when the dot-com bubble was around, those were companies that said they had a business.".......................


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.

The world has money problems | Bubbles can go on for a long time

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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.

Japanese stocks are cheaper than US stocks

"I would rather buy low than buy high", says Jim Rogers. 

Watch the video above or click here to play.


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.

Jim Rogers interview with the Reuters

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

Governments would like to get rid of cash

Jim Rogers speaks on the phone on the Stansberry Investor Hour

"Governments don't like cash because it's expensive and because they can't control you as much. Everyone's going to get rid of cash. Governments could issue their own cryptocurrency to control people. Governments like to control everything. Governments like to have all the power to themselves." 

"My children will never go to a bank, post office, or maybe even to a doctor when they're adults. The computer and the Internet are going to change money as we know it. Everything will change. People in China don't have paper money. They buy a cup of coffee, put their phone on the sensor, and it's paid for. They look at me funny when I say I have cash and want to pay. They say, 'We don't want to take cash. Cash is not efficient."

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.

Jim Rogers is a director of a Russian fertilizer company

Jim Rogers mentions in an interview from Singapore about being bullish Agriculture for a while,

"I'm extremely bullish on agriculture. That hasn't made me any money yet. Well it has a little bit because one of my largest shareholdings - a large - well, it's not one of my largest, but I am a director of a Russian fertilizer company which is making all-time highs or near all-time highs, which is pretty astonishing given that it's Russia and everybody hates Russia, as you well know. In fact I'm startled that all of my Russian stocks making all-time highs. 

And this is a hated market. So it's something I have learned. If you buy something that's hated, chances are you're going to make a lot of money down the road."

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.

China not immune to the next big financial crisis

On Janet Yellen, Growing Debt levels world-wide and why a massive market decline is inevitable,

"Janet Yellen will tell you we're never going to have a bear market again because she's smarter than we are, she's smarter than the markets, and the central bank has things under control now. She publicly stated this. Do not worry. We will not have financial calamities again. Head of the central bank in America has said that out loud officially, Mrs. Yellen-- yeah, Mrs. Yellen.  

I happen to have a different view. Now if you believe the American central bank, you shouldn't be talking to me at all. But we've had, we used to have bear markets every several years. We always, always since the beginning of the republic. 

In my view we will have them again. And the next one is going to be horrendous, the worst-- you came in the business in '86. It will be the worst in your lifetime, in your financial experience. And the reason, in 2008 we had a bear market because of too much debt, staggering amounts of debt.... since 2008 the debt has gone through the roof. 

Every country in the world talks about austerity. Nobody has reduced their debt in the last few years.  Everybody has increased their debt in the last few years. And so the next time we have a bear market, it's going to be horrendous because of this.  

Even China-- in 2008, the Chinese had a lot of money saved for a rainy day. It started raining in Singapore. They had a lot of money saved for a rainy day. It started raining. They started spending and helped save the world. But even China has a lot of debt now."

ETF investing has pros and cons

Jim Rogers on investing and ETF's,

"ETF's are very efficient, very easy, very simple. There's no question about that. Therein lies part of the problem, of course, with ETF's is that they are easy, simple, etc and that makes it easy for somebody to say oh, I want to buy Germany, buy the German ETF, and don't even look to see what's in the German ETF or whether it's a good ETF to own. And maybe it should be a terrible ETF, but nobody looks anymore. And when we have the bear market, a lot of people are going to find that, oh my God, I own an ETF and they collapsed. It went down more than anything else. And the reason it will go down more than anything else is because that's what everybody owns."

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.

Investing in Gold and Gold Futures

Jim Rogers on Gold and using leverage in trading

"Gold coins are the best way. And you should have physical possession of some gold coins. After that, gold futures are the best way if you want to make money and you're a good trader. Gold futures, that's where you can get the most leverage of any, unless you can find the right gold mine. But there are hundreds of gold mines. If you're smart enough and have the time to find the right two or three gold mines, then, yeah, then you'll make huge amounts of money in the right to - but, you know, there are hundreds of gold mines."

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.

FANGS vs Nifty 50

The US markets are nearing all time highs with the NASDAQ rising for the third straight week and closing at 6624. Jim Rogers mentions in an interview the similarities between the 1970's and now in 2017.

"I remember in the early 70's, there was something called the Nifty 50, and they were 50 stocks that everybody - JP Morgan bought everyday. Didn't matter. Avon, Xerox, IBM - they were stocks that always were eternal growth stocks. And they just kept - we would short them, and they just kept going up. They never stopped. Polaroid-- that was another. And they just never stopped going up. 

Everything else stopped going up but those Nifty 50, which would be something like the FANGs today, or maybe in the late 90's, some of the other kinds of stocks. So this has happened before in market history. They eventually crack, there's no question.  

And to today, if you look at the S&P 500, for instance, in the US, I think there are only 40 or 45 stocks that are above their 50-day moving average, to use technician's kind of talk. Everything else is in a downtrend. And yet the market is making all-time highs.

What is that - over 90% of the stocks are in downtrends. 10% are in uptrends, but they're big companies. And since the S&P is capitalization weighted, those 50 stocks, 40 stocks, whatever it is, dragged the average to all-time highs."

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.

Jim Rogers worried ETF's could hurt investors

A lot of investors are now buying ETF's and that could affect the stock market according to Jim Rogers. 

"When we have the bear market, a lot of people are going to find that, ‘Oh my God, I own an ETF, and they collapsed. It went down more than anything else.’ And the reason it will go down more than anything else is because that’s what everybody owns.

If somebody can just take the time to focus on the stocks that are not in the ETFs, there must be fabulous opportunities in those stocks because they’re ignored. Some of them have got to be doing very, very well. And nobody’s buying them, because only the ETFs buy stocks."


via marketwatch.com/story/jim-rogers-says-etf-holders-will-get-mauled-by-the-worst-bear-market-ever-2017-09-21


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.

China is an important trade partner for North Korea

Interview with RT news

RT: Washington runs a $350 billion annual trade deficit with Beijing. China also holds more than $1 trillion in US debt. How could the US actually threaten China in such circumstances?

Rogers: Mr. Trump has been saying for over a year, two years, that he was going to start a trade war with China. He was going to put very high tariffs on Chinese goods. In his mind, he wants to do it, he is ready to do it. Some of his advisors are very much in favor of a trade war. It may very well happen. If it happens, it is going to be very bad for the world and it is going to be worse for America than for other people.

RT: How significant is Chinese trade with North Korea?

Rogers: For North Korea, it is extremely important – that is really the only trade partner. They don’t trade with many people except China. But it is not very important for China. China has got gigantic trade all over the world and North Korea is a very small economy.


Rogers: What impact will this have on North Korea itself? 


Rogers: If China actually cuts off their oil or something, no, then North Korea cannot do much of anything. North Korea would have troubles surviving if they do something like that. It depends on the sanctions, so far China has not done anything which would destroy North Korea. But they could destroy North Korea if they cut off all trade.

US sanctions on China would hurt the world economy and the US itself

Below is an excerpt from an Interview with RT news 

RT: What is the likelihood that the US will go through with and actually impose economic sanctions on China if it does not implement the new sanctions regime against North Korea?

Jim Rogers: Sanctions are sanctions. They could do sanctions which are not very important or don’t do much damage. And then they will have good public relations which says they have sanctions, but it is meaningless. I would suspect if anything, that is what they will start with. If they put sanctions on China in a big way, it brings the whole world economy down. And in the end, it hurts America more than it hurts China because it just forces China and Russia and other countries closer together. Russia and China and other countries are already trying to come up with a new financial system. If America puts sanctions on them, they would have to do it that much faster and in the end America will lose its monopoly on the financial system, which will hurt America more than anybody.

RT: What do you think, is it an empty rhetoric and saber-rattling from Donald Trump ? Do you think this is just mere bluff on the part of the US ?

Jim Rogers: If it uses a nuclear option for sanctions, it will hurt America much more than will hurt North Korea, it will hurt America much more than it will hurt China, Russia and everybody else. It will force the rest of the world to find an alternative to the US financial system. If he does that, it is going to cause a lot of turmoil in the world financial economy and in the end it is going to hurt America more than it is going to hurt anybody else.

I would give you an example, if you look at Russian agriculture right now – America put sanctions on Russian agriculture trying to hurt Russia, but it has helped Russian agriculture. Russian agriculture is booming now. In the end, America has hurt itself more than it has hurt anybody else.

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.

Younger investors dont fear Bear Markets as much as Older investors

Young people are optimistic and can do great during bull markets

“When things are going right, we all need a 26-year-old. There’s nothing better than a 26-year-old in a great bull market, especially in a bubble because they’re “fearless". So in the bull market, you’ve got to have a 26-year old. But when they end, you don’t want the 26-year-old around."

Jim Rogers knew of a young student who made around 500% two years running in the late 1990's, and his firm ”loved him.”

“The next year he lost everything for this company. They didn’t love him anymore. He was a 28-year-old.”

Young People can be clueless as to why they succeeded or failed.

“They make a lot of money. They don’t know why they made money. So they don’t know why they lose money. They don’t know what happened."

via marketwatch, realvision tv

US sanctions on Russia has helped Russian Agriculture

"The west is shooting itself in the foot. Sanctions were meant to hurt Russia, but Russian agriculture has benefited. Money is coming in, and expertise is coming in. Five years from now, it will be fully embedded and fully capable. Someone should tell the Americans to lift the sanctions now, before there’s a gigantic, efficient, well-funded industry here.”

via FinancialTimes

Jim Rogers is a board member of AgroGard, a Russian crop and livestock producer. 

Bitcoin appears to be in a price bubble

Watch the video above or click here if it does not play.

Gold
I do have Gold and Silver coins and never sold any. My plan is for my children to have them someday. The only problem with that is before this is over Gold and Silver may turn into a gigantic bubble, it may just go sky rocketing. If Gold and Silver turns into a bubble, I may have to sell.

Bitcoin
There are over 2000 crypto currencies so far. All this happened in just a few years, last 10 years in-fact. You know whats happening with the price of Bitcoin. You just look at the chart and compare that chart to the bubble of any chart in history and you would have been very worried. So I am not buying any crypto currency. I see all the signs of a bubble right now. If and when things calm down, hopefully I might be smart enough to get involved, if that's the right thing to do.

Other topics include why Mr Rogers wants his kids to speak Chinese Mandarin and more on the upcoming horrible 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.

It would be great if the Fed could be abolished

They [Fed] are not going to abolish themselves, maybe someone else would abolish them. They should leave the world alone. Stop bothering us.

Watch the video above or click here for the full interview



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.

Jim Rogers not buying US stocks at this time

Will there be another market crisis ?

"I know we're going to have another [financial crisis]. What I said was, the next one, when it comes, is going to be the worst in my lifetime. 2008 was bad because there was a lot of debt. Well, the debt is much, much higher now. 

People talk about austerity but nobody, nobody has reduced their debt. Everybody has increased their debt. The Federal Reserve in the U.S. has more than quintupled its balance sheet alone in nine years."

Stocks

"I will not buy shares in the U.S., under any circumstances. Not now. If you have to buy shares, Japan is down 50% from its all-time high, China is down 50% from its all-time high. Russia is hated. There are markets in the world that are not racing after all-time highs if you have to buy shares. Now, I don't have to buy shares so I'm not buying shares."


via prweb.com/releases/birch-gold-group/jim-rogers/prweb14580136.htm

Policy mistakes could doom Japan's economy longer term

At the moment I own Japanese shares, I don't plan to own them in 20 years. Long term Japan has gigantic problems. And as we know it, it's not going to exist in 30 years. They have a declining population, they have no babies, they wont let immigrants come in and the debt is going higher and higher everyday. They are making terrible mistakes everyday.


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.

We could see higher US Dollars before an eventual collapse

The Bull Market in the US, I don't know how much longer it has got to go. What will possibly happen is it will have one last spurt just as it did in 1999 - 2000. And then it will have a big collapse. That will lead to a higher US Dollar but then an eventual collapse in the US Dollar.


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.

Cryptocurrencies appear to be in a Bubble | Economic cycles will continue to happen

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Jim Rogers talks with Kitco
-Economics and Cycles
-Crypto currencies like bitcoin appear to be bubblish
-Evidence of large bullish sentiments among investors may be a warning sign.


"We've always had economic cycles and we will continue to have them. When things are going right for a while, excesses develop, you have too much capacity, demand goes down because prices go up, then you have a good time, people get fat and sassy and cocky and things go wrong. Its human nature, they way people always work."


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.

It would be bizarre if we did not have an economic collapse soon

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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.

How Jim Rogers positions himself

I own a lot of U.S. dollars, I short junk bonds, the agriculture has been depressed for a while, I own China — although some parts of the Chinese 
economy will collapse, others parts of the Chinese economy will be fabulous. 

The government is spending unbelievable amounts of money to clean up the pollution. Those cleaning up China’s massive pollution will do well even if Europe disappears. Some parts of the Chinese economy will do well no matter what, others will go bankrupt. Russia is hated but I am optimistic about the changes in Russia. There are places that are depressed that one can put in money. I own gold and silver although I am purchasing more at the moment. There are many opportunities, I am just too lazy to get to all of them.


via www.forbes.com/sites/prestonpysh/2017/06/21/an-interview-with-jim-rogers-of-course-we-are-in-a-stock-market-bubble/2/

FDIC is bankrupt

...The European banks are going to have problems, some will go bankrupt, but American banks have problems too. 

The U.S. Federal Deposit Insurance Corporation is bankrupt, and while it is still there, once the bank system starts having problems, it cannot meet its obligations.


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.

"Its different this time"

You see throughout history that all bubbles look the same. When you see that everyone is doing the same thing, that is when you have to be aware. The most dangerous words in the investing world are “it is different this time.” It is never different. I am not the first person to figure this out.

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.

Jim Rogers on India and Indian Agriculture

There are one billion Indians. You and I know about the IT in India, but that is such a small part of the Indian population. The Indian government loves to say things are great, but when you actually visit the country, you will see that things in India are not that great. I have occasionally invested in India, sometimes get it right, and usually have gotten it wrong because of the timing. India has a lot of debt that the government does not like to talk about. The debt to GDP ratio is very high in India, which means that they cannot grow at a rapid rate.

India growth potentials

Unfortunately, I do not see a lot of sustainable growth in India. We never see Indian products in the U.S. market. I doubt you could name more than one or two Indian-brand products in your home. This is because they have not had great manufacturing success. India used to be one of the great agriculture countries in the world because of its soil and weather, but the government restricts the Indian farmers to owning only 12 acres. They cannot compete with other farmers who own a lot more land. The Indian government protects many parts of the economy. This is one of the reasons that India has not done as well as others.


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.

US Central Banks vs World Central Banks

.....Part of the reason why the U.S. dollar is so strong is that the other countries’ central banks are so bad. The head of the Japanese central bank said they will print unlimited amounts of money if they have to. Anybody thinking about the Japanese yen has to think about unlimited amounts of money along with staggering internal debt. 

The Euro is a wonderful concept but its execution has been hopeless. Although the U.S. dollar is a terribly flawed currency, many people consider it a safe haven for historic reasons. You look around the world, and there are not many better alternatives. People put money in the U.S. dollar, and the dollar is going to get overpriced as the turmoil worsens.

Spotting investment opportunities in depressed assets

I have learned that the more people ridicule and question you, you are probably onto a good thing no matter what it is. If you are observant and notice a change and that change is something cheap and ignored in the way that the Danish Krone was in the past, you are probably going to make a good investment.

Whatever people are doubting may be an investment opportunity. Agriculture in the United States is pretty depressed right now. This may be an area where there is an investment opportunity. However, you should be cautious about investing in an area just because it is depressed right now because that area could stay depressed for a very long period of time. This is why you have to find a change that is taking place as well. If you can find something cheap and if you can find a positive change, maybe you should do more homework and find an investment.

The change, or catalyst, could be anything. I want to emphasize that even when you see the catalyst, it is futile if everyone else sees it too and the effects come in quickly. It usually takes a while for the catalyst to work its way through.

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.

Jim Rogers on Japan and Yen currency

Japan is unique because they have somewhat of a closed society and economy. They can continue to trick each other for a long time that everything is great. The media and the emperor will tell the people that everything is fine, and the people will believe that. I do not know when it is going to happen, but we have had economic problems every 5 to 10 years since the beginning of time. We are going to have problems again no matter what the press says. The media and the emperor can keep telling the Japanese people that everything is fine, but it will end badly whether we like it or not.

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.

People seem to believe you cannot lose money in Bonds

Right now, all types of debts are making historic highs, and everyone is convinced that they cannot lose money in bonds. Such things have happened before and they are happening again. As I have said before, the world has had economic problems every 5 to 10 years. We had a problem in 2008 because of debt, and the debt is much higher now. Thus, it is going to be an even worse problem than before.

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.

Gold bugs and Gold price corrections

Gold has been around for thousands of years, so it has gone through many periods of bull and bear markets. Many people think of gold as a currency, but it is just another investment.

For me, gold has not had enough corrections yet. There are still too many gold bugs.

When people say, I never want to invest in gold again, that is when I want to invest in it. This is true of many things. When everybody is throwing it out the window, that is usually a good time to buy anything including gold. So far, there are too many people that love gold.



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.

Investing in Startup's could be a Boom or a Bust

Jim Rogers explains why he invested in Graphene and other start-up company's,

"Graphene according to scientists is going to be as important to the world as scientists. I did not say that, but scientists say it – it is thinner than paper and stronger than steel and they can even use to purify salt water. I have been bullish on graphene for a long time, and all of a sudden an entrepreneur in this space shows up – he has been in this business for a while, and therefore I put some small amount of money."

Jim Rogers invests in Graphene - 2017



On cosmetic industry,

"You know the Chinese cosmetics industry is unbelievably booming. Who knows where the cosmetics it will go – the Chinese are now saying they don’t want Korean stuff because they are in bed with the Americans."



Risks involved with start-ups,

"If I lose all my startup investments, it is not the end of the world. The way I look at it – if these investments come to nothing, I won’t even notice. I don’t pay any attention to my startup investments."

"Many of the start-ups have become gigantic, or will become gigantic in the next 20 years. But thousands of start-ups have disappeared in the last 20 years. We remember Facebook because it is successful, but we don’t remember MySpace—it was a gigantic failure backed by unbelievably smart people with money including (News Corp Rupert) Murdoch.”

"Ask me again in 10 years, and even 10 years later, I don’t think I will have many more start-up investments than I have now. Maybe some really smart guy or woman comes and meets me, I may do something, but I am not changing my spots and my start-up investments are all coincidental."

"We don’t know what is going to happen to Uber. You read the press about Uber recently and you say, ‘what is going to happen to them?’ Tesla is making all time highs, but I know guys who short Tesla, and who swear to me saying it will go bankrupt. I don’t know – I don’t have a position long or short in Tesla. Ask me again in 10 years, and even 10 years later, I don’t think I will have many more startup investments than I have now. Maybe, some really smart guy or woman comes and meets me, I may do something, but I am not changing my spots and my startup investments here were all coincidental."

You Will See Governments And Countries Fail In The Next Crisis

Business Insider CEO Henry Blodget speaks with Jim Rogers on The Bottom Line

Blodget: So what is going to be with respect to the stock market? What’s going to happen?

Rogers: I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise I’ll be broke — dead broke. Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s going to collapse, and you should be very worried. But, Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.


Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?

Rogers: Well, it’s interesting because these things always start where we’re not looking. In 2007, Iceland went broke. People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke. And Lehman Brothers went broke. They spiral like that.  Always happens where we’re not looking.

I don’t know. It could be an American pension plan that goes broke, and many of them are broke, as you know. It could be some country we’re not watching. It could be all sorts of things. It could be war — unlikely to be war, but it’s going to be something. When you’re watching Business Insider and you see, "That’s so interesting. I didn’t know that company could go broke." It goes broke. Send me an email, and then I’ll start watching.


Blodget: And how big a crash could we be looking at?

Rogers: It’s going to be the worst in your lifetime.


Blodget: I’ve had some pretty big ones in my lifetime.

Rogers: It’s going to be the biggest in my lifetime, and I’m older than you. No, it’s going to be serious stuff.

We’ve had financial problems in America — let’s use America — every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one.

This is the longest or second-longest in recorded history, so it’s coming. And the next time it comes — you know, in 2008, we had a problem because of debt. Henry, the debt now — that debt is nothing compared to what’s happening now.

In 2008, the Chinese had a lot of money saved for a rainy day. It started raining. They started spending the money. Now even the Chinese have debt, and the debt is much higher. The federal reserves, the central bank in America, the balance sheet is up over five times since 2008.

It’s going to be the worst in your lifetime — my lifetime too. Be worried.


Blodget: Can anybody rescue us?

Rogers: They will try. What’s going to happen is they’re going to raise interest rates some more. Then when things start going really bad, people are going to call and say, "You must save me. It’s Western civilization. It’s going to collapse." And the Fed, who is made up of bureaucrats and politicians, will say, "Well, we better do something." And they’ll try, but it won’t work. It’ll cause some rallies, but it won’t work this time.


Blodget: And we are in a situation where Western civilization already seems to be possibly collapsing, even with the market going up all the time. Often when you do have a financial calamity, you get huge turmoil in the political system. What happens politically if that happens?

Rogers: Well, that’s why I moved to Asia. My children speak Mandarin because of what’s coming.

You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that.

You’re going to see parties disappear. You’re going to see institutions that have been around for a long time -- Lehman Brothers had been around over 150 years. Gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms.


via www.businessinsider.com/jim-rogers-worst-crash-lifetime-coming-2017-6

Asia is the place to be and teach your children Chinese says Jim Rogers

RT:  Many financial analysts say the resilience of the Russian economy is making it more attractive to investors. Can Russia expect an increase in foreign investment after it nosedived in recent years?

Jim Rogers: Absolutely. Russia was hated three years ago. Nobody was putting any money here. Well, I was, but most people weren’t. It’s got to get better and it is getting better, because Russia is getting better.

RT:  To what extent have Western sanctions harmed Russia's economy from your point of view, and what will it take for them to be lifted?

JR: In many ways the sanctions against Russia have helped Russia. It has made Russia an agricultural boom. It is a very, very strong growth industry right now. It pushed the Russians together with the Asians. When you come to Moscow or St. Petersburg airport now the Chinese are everywhere; Asians are everywhere. This is actually helping Russia in some ways, and it certainly is not helping America. We’re not getting anything out of it.

RT:  You’ve said at the forum you see countries moving eastwards to Asia. Is that accurate, do you think?

JR: Absolutely. I live in Asia now. One of the reasons I live in Asia is because of what’s happening there. There is no question that Asia is the place to be. That is where the money is; that is where the population is; that is where the energy is. Teach your children Chinese.

RT:  What is it about the International Economic Forum, the annual event in St. Petersburg? Roughly $11 trillion in capital here with all the big people in attendance. Any specific outcomes or expectations this year?

JR: Whenever I come here, I always keep my eyes and the ears open to see if I find some opportunities. So far I have not. I continue to invest in Russian. I bought more Russian shares this week, and bought Russia bonds last week. So far for me I haven’t found anything, but I am sure that things are here. And as far as $11 trillion – I only have a couple of hundred dollars – not a couple of hundred trillions [laughs.]

RT:  These sorts of events are often branded as “all talk but little action.” Is it so?

JR: I am sure that some people are going to find opportunities and meet people and make deals here. So far I haven’t. But I am mainly an investor in markets, stocks and bonds, and commodites. So it is unlikely I will find much here. But I see people meeting all day and all night. You cannot believe how late people are out talking about things. Something is happening here.

RT:  I want to bring us back to the issue of Russia and China buying gold. In December 2016 an official of Deutsche Bank admitted there was a gold fix. If there is indeed a manipulation of gold going on around the world. When do you think it might come to a stop and what effect could that have?

JR: I have some gold. I’ve got some gold here in my pocket. I even bought some of the Soviet gold yesterday. I am not buying any more in any significant way right now, but I do read that the Russians and the Chinese are buying more gold. Gold is going to go up a lot before this is over. We’re going to have chaos in the markets in the next few years and gold will skyrocket. I am not buying it now – I expect it go down first. If it goes down, I hope I am smart enough to buy a lot more gold, because before it is over the Chinese and the Russians are going to be in a very good position with all their gold.


rt.com/op-edge/390599-economic-forum-petersburg-international/

Jim Rogers on Asia based Coal mining company - Agritrade

"The company [Agritrade] is intriguing to me since it is in coal which most people don’t like ... [and] it is in Indonesia, which some people don’t like. I have learned in my investment career that if you find something that is being ignored or bad-mouthed, especially if it is cheap, you can [potentially] make a lot of money.”

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.

People are happy when they are making money

Remember, whenever markets are going up, people ignore the bad things. You can go and say that the emperor has no cloths and people don’t care. They are so happy with all the money they are making.

There is no question that the next time the world is going to have economic problems, it is going to be the worst that we’ve ever had since the Second World War, and a lot of people are going to be very angry.

Already a lot of people are very angry—there are a lot of people who cannot get jobs, and they have been waiting angrily for what they’ve been promised.


It usually takes a year or two after the markets collapse for that anger to build up—if say the markets collapse in September this year, by the September of 2019, you are going to be having a lot of very, very angry people. 

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.

Dont like to buy markets when they are at all time highs

I don’t prefer to buy when markets are at an all-time high. I don’t want to get on a moving train—when you jump onto it, you’ll get hurt. You won’t get hurt if you buy something that is ignored and sitting in the corner—you’ll not make any money for a while, but you won’t get hurt. 

India could benefit from Trump

If .... Trump does what he says, it is good for the world, because it will revive many parts of the American economy. When people have more money to spend, they will do it... everyone will be better off for a while, and that is why the markets are going up.

Trump says he will cut taxes and that sounds very good. But how is he going to do all this? Protectionism has never been good for anybody. No one has ever won a trade war. Every one will suffer with protectionism, and if Indians cannot go to America anymore, it may be bad for Indian companies, but it will be good for India.

US Protectionism could help countries like India
The smart Indians won’t be rushing to the US any more—they will stay in India and build companies. Or maybe, they will go to China or Germany—but in the end, it will be better for India than the US.

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.

Free money is nice ...until the party ends

There are massive amounts of money around, and it needs to go somewhere, and it is going into the markets. India is not the only one going through the roof—look at Europe, America. The central banks have made a lot of free money available—Mr Trump has told everyone that everything is going to be OK, and he is come up with some policies which people think will be good such as cutting taxes and building infrastructure… That is why markets in many countries are going up—I think the party will end soon, but I am very, very bad at timing it.


Earnings Recovery
That is one of the problems—an earnings recovery has not taken place and the markets are going up. This is a problem globally because there is a lot of free money and easy money, and then there is optimism about tax cuts in the US—that is the worry for me—that all of this is not real and is based on free money. 

Free money, while it lasts, is wonderful, but it always come to an end. 

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.

Once you go to Washington maybe something happens to you

Click here if the above Jim Rogers video does not play

Trump has promised big but can he deliver ?

We are also eight years into an economic recovery in the US, which is also very unusual. Most times in the US, every four years to 7-8 years, we’ve had economic setbacks since the beginning of the republic. Again, it does not always have to happen that way, but it nearly always has. Yes, we are four months into 2017, but I am more worried about the next couple of years. Mr Trump has promised some wonderful things.

He has promised lower taxes, which is great for any economy and America is the largest in the world. He has promised to rebuild infrastructure, and that is wonderful, and we need it. He has promised to bring US dollars home—we have $3 trillion sitting outside the US by American companies and he has promised tax incentives to bring that home. He has promised to cut regulations and controls in the US economy—all of that is fantastic. If he does all this, and does not go to war, and also does not engage in a trade war, we can continue to have a good time for the foreseeable future. But I am skeptical because interest rates will be going higher, and because it has been eight years since we’ve had no problems in the US. For the US to continue this run, it can happen, but it has to be on a lot more debt. If all of that leads to a bubble…

Impressed by India and Mr Modi | Considering to buy Indian stocks

India passed the GST and that astonished me. I am surprised that Mr Modi’s government got that through. It is a historic move as this has been a very contentious issue among Indian politicians for several years.

You say FDI flows into India are at record highs, and it is certainly not me. I am surprised with the FDI inflows—while Modi has undertaken small reforms, and cleaned up some stuff, I am not aware of any big steps to boost FDI. Yes, I am impressed, and I see that the markets are at an all-time high; currency is going up—they are making new highs without me, and that does not make me happy.

This has made me realize that something is happening in India. When GST was passed, I reconsidered investing in India, and I thought, “wait a minute—this is going to work”. I am positively impressed, but I’am not back to investing in India yet—the markets are at an all-time high, but I don’t want to jump on to a moving train. When you jump on to a moving train, you’ll get hurt.

I missed the bus in India. If Modi continues doing stuff like GST, then not just me—everybody has to pay a lot more attention to India. This does not mean that I won’t have another chance to enter—India is currently on my list of something to do.

Its not different this time

The Fed will continue to raise interest rates—we cannot continue like this—negative interest rates in most parts of the world are destroying a lot of people. 

Many pension plans, insurance companies and trusts are suffering badly now—you are going to have some pension plans in America go bankrupt, or not earn any money. They have the obligations to meet their promises as people continue to get older. When interest rates go higher, they are going to make bonds go lower—it is going to help the US dollar. Historically, in the US, if the Fed raised interest rates four times, it meant the stock market would go down and go down substantially for a while—it is clear that the Fed will raise interest rates four times, and it does not mean that it has to happen that way. 

One could counter and say, rates going up from zero to four times is not such a big deal and, therefore, it is different this time. Four of the most dangerous words in the financial markets are: “it’s different this time”. It is very dangerous when you hear people say that.

Jim Rogers on Russia and Russian Debt

The only place I am looking to invest right now is Russian government bonds because the yields are very high—the Rouble is down a lot. For whatever reason, Russia, which has been the most hated market in the world, is becoming less hated—more countries and politicians are reconsidering Russia. I’ve learnt in my life that if you buy things that are hated, they will make a lot of money even if takes a couple of years.

Russia has a convertible currency and does not have much debt. I am invested in Russia. One reason why Russia does not have a high level of debt is that no one was willing to lend them money—and that is not necessarily a good thing.

US Dollar will go much higher due to its "safe haven" status

I own a lot of US dollars, and the reason I own it is because of the turmoil that I see coming, and people look for a safe haven in times like that and the dollar, rightly or wrongly, is considered a safe haven.

Often, when the US dollar is very strong, gold goes down. I own gold, but I’ve not been buying gold in recent years. But if gold goes down sufficiently, I will sell my US dollars and buy gold. I expect the dollar to go substantially higher, and I hope I can sell then.

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.

Power can corrupt people

The world situation is more worrying. Mr Trump has now bombed Syria. Many American presidents love war, and Mr Trump had said he was a non-interventionist.

Now look at him! He is involved with Syria, and also saying he is going to get involved with North Korea. These can potentially not be good for the world. 

If the Middle East blows up in the next year or two, it won’t help the markets. It will help Russia and oil. It won’t help India or China. Mr Trump has promised to have trade wars with Mexico and China. He has not done it so far and so, maybe, is just another lying politician. But he said the same of Syria and then he intervened. He has said North Korea better watch out. He met with the Chinese and did not get anything. Power corrupts. Interest rates are going higher no matter what happens. The French and German elections are coming up—they could be disruptive.

The Fed is made up of bureaucrats and academics

Interest rates are certainly going higher but I look at the market more than I look at the Fed. The Fed has basically always followed the market, but interest rates will go higher one way or another. Now ... when problems start arising again, the Fed is going to panic and cut rates or print money because they don’t know what they’re doing. They’re bureaucrats and academics; they’ve never gotten it right.

Why I would not own the Euro

The euro and everything else is gonna go down. Now the euro, of course, has serious problems. It's a fabulous idea and the world needs something to compete with the U.S. dollar. Unfortunately, the euro's been very badly executed, very badly constructed, that people come in with phony bookkeeping, or with no bookkeeping, and with very bad fundamentals. So the euro is gonna continue to go lower, I'm afraid. There'll be rallies along the way, of course. I mean nothing goes straight up and nothing goes straight down, but basically I would not own the euro.

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.

Shale and Frackers do not make much money unless oil prices are higher

Energy is making a complicated bottom. You’ve got to look back a year or two and see that in 2015/16/17, oil prices made their low. I expect another drop down before it makes that low. But at that point, people should probably buy energy because the known reserves of oil continue to decline, except for fracking. Most fracking cannot make money unless prices are much higher.


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.

Agriculture can be a safe haven

If we are going to have chaos and disaster, being a farmer is one of the best things you can do. In the end, the safest safe haven is agriculture.

Propping up Zombie Banks is not the way the world is supposed to work

Watch the video above for the full interview

The Central Bank of America has no clue. They are going to ruin us all. They have driven interest rates to levels never been seen before in history. The rest of the world followed. Debt is sky rocketing. This is all going to end very badly...........................................



Jim Rogers co-founded the Quantum Fund with George Soros in 1973. Within 10 years, the fund gained more than 4000 percent.

Governments thru out history have gone bankrupt

The norm is for governments to go bankrupt over in the extended periods of time including the countries which are on top. It's happened throughout history. 

After the First World War a hundred years ago U.K. was the richest most powerful country in the world there was no number two, well I can remember when the U.K. went bankrupt two generations later, three generations later could not sell long term debt I.M.F. had to bail them out.

You're not old enough to remember when the French were like that or the Spanish or the Dutch,  everybody has been on top – well not everybody – but many people have been on top one time or another they've all gone bankrupt. 

In 2008 Bear Stearns disappeared, Bear Stearns had been around over 90 years. Lehman Brothers disappeared. Lehman Brothers had been around over 150 years. A long, long time, a long glorious history they’ve been through wars, depression, civil war they've been through everything and yet they disappear.

So the next time around it's going to be worse than anything we've seen and a lot of institutions, people, companies even countries, certainly governments and maybe even countries are going to disappear. I hope you get very worried.

US Dollar Bubble vs Gold bubble

I expect more turmoil in the markets and when there's turmoil, people look for safe haven. Now, many people think the U.S. dollar is a safe heaven. It's not. It's not, .... because, you know, the U.S. is largest debtor nation in the history world and getting worse all the time, but people still think it is. So that's why I own a lot of dollars. The dollar's gonna go higher. It may even turn into a bubble before this over, if things get as bad as I think they will. At which point, I hope I'm smart enough to sell my U.S. dollars. I don't know, maybe if I'm right about gold, you know, the dollar will go higher. It'll turn into a bubble, I'll sell my U.S. dollars and buy gold under a thousand. See how easy it is to get rich? Just sit here and talk about it on the internet and you can get rich. So that's what I expect to happen.

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.

EU breakup could cause a lot of chaos in the markets

If the European Union starts breaking up or the Euro starts breaking up, that's going to throw a spanner in a lot of people's works because nobody's really sort of planned on that. Most of the bonds, the Euro bonds, none of them, very few of them now have any provision for what happens if there is no Euro. I mean Italy owns several billion dollars’ worth of bonds. Suppose Italy pulls out of the Euro and they suddenly say OK we're going to pay you back in Lira, well that's going to confuse a lot of people and cause a lot more turmoil. 

You have the same sorts of movements in Asia not nearly as powerful or as vocal yet but you have the same sorts-- in the United States there's a movement now for California to withdraw from the U.S. and by the way in the U.S. a lot of people would like to see California leave the U.S. So it may work both ways.

So when you start having bear markets as you I’m sure well know one bad thing happens and another bad thing happens and these things snowball just like in bull markets good news comes out then more good news comes out the next thing you know you're five or six or seven years into a bull market.

Well bear markets do the same thing and so we have a lot of bad news on the horizon. I haven't even gotten to war. I haven't even gotten to trade war or anything like that but you know things do go wrong.

Jim Rogers invests in Graphene

In early 2017, Jim Rogers invested in Standard Graphene, a graphene manufacturer based in South Korea. He is also serving as an adviser there.

According to Rogers,

"Scientists say Graphene is going to bring bigger changes to the world than the internet and transistors. It did not exist 15 years ago. It is a miracle material. I have an interest in the company because they seem to be a leader in production of Graphene."

Known as the one-atom-thick material made of carbon atoms, graphene is like a piece of paper but it's stronger than steel and more flexible than rubber.

Historically stock market has problems when the Fed raises rates 3 times

Interest rates are gonna go higher all over the world. We have a very artificial situation with interest rates at zero or negative rates in some places that is not normal and it cannot last. It will not last. So whether the market or the Fed or somebody is going to raise interest rates, historically, once the Fed raises interest rates three times, it usually means the stock market is going to have problems. If it doesn't happen after three times, historically, it has always happened after four times. So we will have another interest rate hike, and that maybe the death knell for the stock market and maybe even for the economy. The caveat for that, of course, is never before have interest rates been at zero, so who knows what will happen this time. Maybe it is different this time.

Watch the video above to watch Jim Rogers expectations of the Stock market reaction to the US Federal Reserve rate hikes. Three or Four rate hikes have historically troubled the markets. Could this time be different ?

Other Topics Discussed:
-US Dollar bubble 
-Silver at the moment is cheaper than Gold but at the moment not buying either
-Would not buy the Japanese Yen 
-Bullish on agriculture

Junk bonds will be in trouble when interest rates rise

I know when interest rates start going up again permanently when the bull market really does come to an end and the interest rates, government bonds, interest rates are going to go very, very high ...., very high if I told you how high you would probably hang up now and not listen to me anymore. But in 1981 interest rates – short term interest rates in America – were over 20%, bonds were yielding over – long term bonds – was yielding over 15%.

We've had these long, long bull and bear markets in bonds in the United States and we probably will again. So when interest rates go higher the junk bonds are going to get destroyed both by interest rates and by credit defaults because many of them are in fact junk, the companies are not great creditors and they're going to pay the price.

Jim Rogers on bonds and junk bonds

As we speak in February of 2017 everybody is bullish on long term U.S. government bonds. I've been around long enough Eric to know that when everybody is on the same side of the boat, I better run to the other side. So I am not shorting government bonds. 

I am shorting junk bonds still if and when the mood changes and people are less skeptical and bonds go down and everybody starts saying, oh, bonds cheated me, she lied to me, they lied then I might be ready to short bonds again because we're certainly in the process of making a top. When that top comes, I don't know.

We are losing our freedoms

Governments are always looking out for themselves first and it's the same old thing ..... this has been going on for hundreds of years. The Indians recently did the same thing they withdrew 86% percent of the currency in circulation and they have now made it illegal to spend more than, I think it's about $4000 in any cash transaction. In France you cannot use more than, I think it's a €1000.

Many countries are already doing this. Some states in the U.S. you cannot make cash transactions above a certain amount. Governments love it. Then they can control you. If you want to go and buy a cup of coffee they know how many you drink, where you buy them etc. if they can all put it into electronic formats and they will the world is all going electronic. My children will probably never go to a bank when they're adults, maybe never go to a post office maybe even never to a doctor or rarely to a doctor when they're adults.

So the Internet and the computers changing everything that we know, money can certainly be easily converted to computers not today because there are still, some people who don't have computers and the system is not ready it but it can be done and when it's done the governments are going to be very, very happy they going to say they're doing it for our own good, this is not them, this is for our good. That they're doing this, but it’s coming and it's going to be a whole different world in which we live. 

Probably we are not going to have as many freedoms as we have now even though we are already losing our freedoms at a significant pace.

When things go wrong we look to blame others

Whenever things are bad and things are going wrong people look for somebody to blame. They always throughout history wherever we are, whichever country we're discussing the first people blamed are always the foreigners… it's always happened that way to blame the foreigners for better or for worse it seems it is happening as you point out in the U.S. again but it's also happening in other places in Germany, France, Italy many places they're blaming the foreigners already again it's even happening in Singapore to some extent where I live…

And as you rile up against the foreigners most countries historically have closed off one way or the other they close their borders, they close their economies and when you close the economy it leads to economic problems and sometimes eventually if you get into real serious trade wars it leads to bankruptcy and even worse.

Trade Wars

It's rare and I don't think ever in history that one country has started a trade war and the other country says, “oh well that's too bad but we're not going to do anything we're just going to sit here and let you hit us again and again and again.” No the other countries retaliate that’s the way human beings are.

So if country X. starts a trade war then country Y. hits back and then country X. hit's back and country Y. hits back and the next thing you know countries C and D and E are involved as well and everybody's suffering and then as economies get worse more and more things happen more and more discrimination more and more blame and then eventually bullets start flying.

I don't like at all what I see happening. There are many analogies to previous periods in history before the First World War and this sort of thing started happening certainly before the Second World War this sort of thing started happening. It's been common throughout history.

And these wars when they start they usually-- in 1914 nobody, nobody could conceive of war and then the next thing you knew, there was war and everybody said don't worry it'll be over by Christmas, well six months later everybody was saying, how did we get into this war? How do we get out of this war? It's absurd. It's ludicrous...

Trump has said some good things regarding Taxes and cutting Regulations

I am long on the dollar because I expect turmoil in world financial markets and people are looking for a safe haven. It’s going to get overpriced; it might even turn into a bubble.



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.

If you say something to people enough times they believe it

History shows that people always would like a little more safety and a willing to “give up some things for more safety and security.” Benjamin Franklin said well anybody who would give up some freedoms for security is going to wind up with neither security nor freedom and they deserve to lose both and of course that's the way it is.

I’m not the first to realize that people who are rising to become dictators start taking away freedoms first in Germany they took away the guns, they wouldn’t let people have guns in Germany and lots of places have done that or things like that.

In America now you and I probably remember when we were kids, you had to have a search warrant, now they can just break your door down if they have what they consider enough good reasons, they don't even have to go to the court and get a search warrant anymore.

So it's already happening and if you said to somebody that you know they could break your door down they say they’re not going to break my door down I’m not a terrorist or a drug dealer, well that's how it all starts people say it's OK but then the next thing you know they're breaking your door down too.

So it's already happening do I like it? No I don't like it but I'm not the first-- what was his name Goebbels the German who said if you say something to people enough times they believe it no matter how absurd it is and you and I have certainly seen it in the news in America you say something enough times people believe it and it becomes politically correct and then you can’t even say something that's not politically correct in America any more.