Skip to comments.Jim Rogers/Asian Financial Forum (World Commodities fundamenals enhanced)
Posted on 01/24/2009 7:38:14 PM PST by sickoflibs
If you go back in history whenever we have had periods of forced liquidation like we are having now, periods that only have happened nine or ten times every 100 or 150 years, people have had to sell everything without regards to the fundamentals. The way you make money historically in times like this is you find the fundamentals that are unimpaired and thats what you buy.
The fundamentals of General Motors are impaired. The fundamentals of City Bank are impaired by what is happening. The fundamentals of most industries of the world are very impaired. The only thing I know where the fundamentals are not impaired, but are enhanced, are commodities, coming out of this. Things are so bad that some farmers cant get loans for fertilizer. No one can a loan to get a new mine. Mines are closing, farmers are suffering. So the fundamentals of commodities are actually getting better because the supply is under terrible pressure when the world is going to continue to eat and everything else. The best place to be invested now is commodities, China, the Yen and commodities. Commodities have been in a bull market since 1998, 1999. The bull market was caused by supply and demand being terribly out of balance In the 80s and 90s there was very little money invested in productive capacity for any commodities; Think about all the great oil field in the world. They were discovered more than 40 years ago. The UK has been exporting oil for 26 years, within the decade the UK will be importing oil. The US is in serious trouble; the UK is in worse trouble. The UK has nothing to sell. Once the North Sea Oil dries up the UK will be in much, much worse shape.
The international energy agency has come out with a report showing that the worlds oil reserves are declining at a rate of 6.7 % per year even after discoveries. You can do the arithmetic, in 15 years there will not be any oil at any price unless something dramatic changes.
the facts are all the world oil reserves are in serious decline. This is true of all commodities you are going to see huge supply problems, the worlds inventories of food are the lowest they have been in 50 years. We have a shortage of fertilizer, we have a shortage of tractors, and we have a shortage of farmers
. Full video at Jim Rogers on the Asian Financial Forum pt 1/2 Jan 21 2009 and Jim Rogers on the Asian Financial Forum pt 2/2 Jan 21 2009
is there even going to be a citi bank left?
Obama cannot print commodities. I am no expert but the Rojers/Schiff's say commodities outside the US can be subject to LESS taxation than inside. Something to research.
Schiff Quote :"Everytime government planning has been tried,all it's done is made things worse. It didn't work in communist China, it didnt work in the Soviet Union. Barack Obama is no smarter than Khrushchev or Mao. He may think he's smarter than everyone else..."
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Interesting. Thanks for the ping.
I wonder how badly the bow tied camera whore is hurting from the commodities bust.
Mr. Rogers learned, There is a time for commodities just not today.
Hopefully he lost tons of money. He's irritatingly un-American and has thrown in his lot with China.
If he avoided getting hurt I'm sure he would have let us all know. ChiCom whore describes him best
Buyers of scrap metal are buying at a loss and hoarding as much as possible waiting for prices to rebound. Right now prices of metals are in the tank. I suppose they buy at a loss to keep their suppliers in business and to build up their stock.
Looks like multiplication is hard for Jim. 15 years of 6.7% declines leaves us with 35.3%, not 0%.
I saw Harry Dent on FNC yesterday warning of a long american depression because of slowing of boomer spending for retirement. He said stocks will go up a short time from stimulus but you need to get out then and buy gold and commodities for inflation protection. After that I saw Rogers clip here saying similar.
15*6.7% =100% . Sounds like I know why energy prices are down now, Math skills. This is proof to buy, buy, buy!
Rogers had to go to Asia to find workers who can multiply two numbers together correctly like this example, That whore! He should stay in american where public schools teach 6.7*15= 43 and 5% of taxpayers can pay for Obama’s programs.
After the second year what is 6.7% of 93.3? And after the fifteenth year what number do you have? With this math, you could never get to zero.
Rogers is the ChiCom/$oreA$$ whore.
Whining left wind so called market experts like Rogers aren’t worth the use of electricity to read any headlines of their whining.
This wasn’t whining it was a specific prediction. Is it wrong? why?
The insults on this post don’t claim his analysis is wrong, just that he is bad. Will the current printing/borrowing of dollars really result in an economic boom?
The specific prediction about oil running out in 15 years is wrong.
Will the current printing/borrowing of dollars really result in an economic boom?
Who claims it will result in a boom?