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Keyword: jimrogers

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  • Jim Rogers Prophesizes Death of Cash (hint: it will be 'glorious socialism')

    02/14/2017 9:02:03 AM PST · by indthkr · 27 replies
    RT ^ | 2/14/17
    The time will come when you won't be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds. “Governments are always looking out for themselves first, and it's the same old thing that 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 $4,000 in any cash transaction. In France you cannot...
  • Jim Rogers Explains What He Is Doing Before "The Next Time The World Comes To An End"

    08/28/2016 3:16:28 PM PDT · by Lorianne · 6 replies
    Zero Hedge ^ | 27 August 2016 | Tyler Durden
    The investing legend, who doesn’t belong to any economic school of thought, also touches on China and reminds RealVision subscribers that “Beijing has said we're going to let people go bankrupt, which I hope they do.” He then emphasized, “they don't do that in the West. The communist Chinese are going to let people go bankrupt, because they're good capitalists.” China has amassed debt and will not be able to help countries as they did the last time the world fell apart in 2008. “The next time the world comes to an end it’s going to be a bigger shock...
  • Jim Rogers on Brexit: 'Worse than any bear market you’ve seen in your lifetime'

    06/27/2016 10:55:41 AM PDT · by GilGil · 81 replies
    Yahoo ^ | 6/27/2016 | Lawrence Lewitinn
    The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings. “This is going to be worse than any bear market you’ve seen in your lifetime,” he said on Yahoo finance’s “Market Movers” program Monday. “2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. That’s called a distribution by many people. When you have...
  • Jim Rogers: Global Bear Market Looms as Debt Load Vexes Growth

    11/11/2015 1:14:23 PM PST · by Hojczyk · 8 replies
    Newsmax ^ | November 11,2015 | F McGuire
    International investor Jim Rogers sees limited investment opportunities and warns that mounting worldwide debt and too much easy money will lead to a global bear market. “The next time around, we are going to have a very serious problem, I’m afraid,” Rogers told Barron’s. “So basically what I’m saying is that I’m not racing around looking for markets.” “Big problems are going to come from the U.S. essentially because it has been the American central bank which has been the most at fault. We’re the ones who started all this money printing and everybody else of course copied us, but...
  • Why Jim Rogers is buying what everyone else is selling

    06/28/2015 3:38:59 PM PDT · by Hojczyk · 22 replies
    Market Watch ^ | June 26,2015 | Michael Sincere
    Rogers: What is happening right now is a historical anomaly. Never in the thousands of years of recorded history have we had interest rates at zero or negative. We are destroying the people who save and invest for the future. They are being wiped out at the expense of the people who bought four or five houses with no money down and no job. We are destroying the people that all societies throughout history have needed the most. When you destroy the investing and saving group, your society, economy, and country has problems. What about Greece? Greece is a sideshow...
  • I For One Am Worried, And I’m Taking Preparations” (shorten)

    04/06/2013 8:38:16 AM PDT · by Kartographer · 13 replies
    BULL MARKET THINKING ^ | 4/5/13 | Tekoa Da Silva
    When asked if bank account confiscation will be going worldwide, Jim said, ”Well, it’s now in their bag of tricks, but yes, they can do anything they want too now. I for one am worried and I’m taking preparations. Who knows if I’m right or not, but I’d rather be safe than sorry as all of those people who had money in Cyprus have learned. They thought they had a normal bank account…but now it’s been [taken] with the sanctions of many governments and institutions.”
  • Jim Rogers: We're Wiping Out The Savings Class Globally, To Terrible Consequence (video)

    04/05/2013 10:05:06 AM PDT · by dennisw · 13 replies
    youtube ^ | Published on Mar 9, 2013 | Jim Rogers
      video   Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets: For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don't know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.I own the...
  • Jim Rogers: Taking people's bank accounts is going to happen

    03/28/2013 2:00:26 PM PDT · by Beave Meister · 82 replies ^ | 3/28/2013 | : Kenneth Schortgen Jr.
    On March 28, billionaire investor Jim Rogers appeared as a guest on the CNBC program, Squawk on the Street. During the four minute interview, Rogers was pointedly asked if what occurred in Cyprus was a one time deal, or if this is now a template for the future of Western economies and banks. Without hesitation, Rogers said that this is going to happen, and taking people's money from their bank accounts is a certainty as both the IMF and ECB have already condoned it in their precedent. CNBC Host Carl Quintinella: What's your appetite on Europe at these levels? Jim...
  • Jim Rogers: 'Run for the Hills,' I'm Doing It

    03/28/2013 3:32:10 PM PDT · by Red in Blue PA · 20 replies
    The EU/IMF precedent of raiding bank accounts in Cyprus to bail out the country's financial system sets a dangerous precedent and investors should "run for the hills" said investor Jim Rogers, chairman of Rogers Holdings, on "Squawk on the Street" Thursday. Rogers said that with Cyprus, politicians are saying that this is a special case and urging people not to worry, but that is exactly why investors should be concerned. "What more do you need to know? Please, you better hurry, you better run for the hills. I'm doing it anyway," Rogers said. "I want to make sure that I...
  • Jim Rogers: Major Crash Ahead For U.S. Investors

    03/11/2013 4:09:06 PM PDT · by Lorianne · 81 replies
    MoneyMorning ^ | 25 February 2013 | Terry Weiss
    Despite the current stock market rally, legendary investor Jim Rogers say the U.S economy is poised for a major crash and is warning investors to protect themselves immediately. In a riveting interview on Fox Business, Rogers warned Americans not to trust any of the positive economic news coming from world governments. "I don't trust the data from any government, including the U.S., Rogers said. "We know that governments lie to us. Everybody's printing money, but it cannot go on. This is all artificial." Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing" says...
  • Famed Investor Trashes State of the Union Address: ... Whether Obama Is ‘Delusional’ Or ‘Lying’

    02/17/2013 4:16:01 AM PST · by Perseverando · 27 replies
    The Blaze ^ | February 13, 2013 | Becket Adams
    Noted investor, free market advocate, and author Jim Rogers during an interview with Glenn Beck on Wednesday said that Tuesday’s State of the Union address makes you wonder whether President Barack Obama is “delusional” or just a good liar. Our “debt is physically impossible to pay off,” Rogers said after Beck asked whether the country has passed the point of no return. “We are the largest debtor nation in the history of the world.” “If everybody paid 100 percent of their earnings as taxes, we still couldn’t pay it off,” he added. The famed investor then turned his attention to...
  • Short US Gov. Bonds ‘Right Now’: Jim Rogers

    02/07/2013 3:04:29 PM PST · by ExxonPatrolUs · 1 replies
    CNBC ^ | 2.7.2013
    With the Federal Reserve and now Bank of Japan printing massive amounts of money, billionaire investor Jim Rogers told CNBC's "Closing Bell," he is shorting U.S. government debt. "It's all artificial what's going on right now," Rogers said. "The Federal Reserve is printing money as fast as they can. The Bank of Japan said 'we're going to print unlimited money.'" He called the Fed's monetary stimulus "outrageous." All that money printing has Rogers bearish on U.S. Treasury debt. He said he's shorting government bonds and that if it's indeed the end of the 30-year bond bull market, those shorts will...
  • JIM ROGERS: I'm A Gold Bull, But I Think Prices Will Tumble For A While Longer

    12/20/2012 6:16:13 AM PST · by blam · 5 replies
    TBI ^ | 12-20-2012 | Rajeshni Naidu-Ghelani
    JIM ROGERS: I'm A Gold Bull, But I Think Prices Will Tumble For A While Longer Rajeshni Naidu-Ghelani, CNBCDecember 20, 2012With gold prices being hammered in recent weeks, and trading near four-month lows on Wednesday, longtime gold bull Jim Rogers is sounding a word of caution, saying it's possible the correction in bullion may continue into the new year. "Just be careful, there're too many bulls, including me, but I'm very cautious," Rogers told CNBC. "Gold is having a correction— it's been correcting for 15-16 months now— which is normal in my view, and it's possible that [the] correction is...
  • Jim Rogers: It's Going To Get Really "Bad After The Next Election"

    10/15/2012 2:08:13 AM PDT · by bruinbirdman · 48 replies
    Money Morning ^ | 10/14/2012 | Terry Weiss
    In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election. Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child. "[They] need to stop spending...
  • Why Recent Oil Price Falls are a Good Buying Opportunity - An Interview with Jim Rogers

    07/04/2012 7:30:14 PM PDT · by bananaman22 · 4 replies ^ | 07/04/2012 | James stafford
    World markets appear to be hovering over a precipice as Europe’s sovereign debt crisis, slowdowns in India and China and further bank downgrades threaten to send stocks and commodities down even further. Falling oil and gas prices may offer some respite to consumers but are they enough to help the economy or are they a symptom of deeper problems? To help us look at these issues and more we are joined by the well known investor, adventurer and author Jim Rogers. Jim is the creator of the Rogers International Commodity Index, he also recently completed a book called: A Gift...
  • Strap Yourselves in: Jim Rogers Explains Why We Are Going to Have ‘Financial Armageddon’

    06/29/2012 9:04:00 AM PDT · by Perseverando · 32 replies
    The Blaze ^ | June 29, 2012 | Becket Adams
    Leaders of the 17-nation eurozone announced on Friday a plan to rescue their failing banks with cash normally reserved for fledgling governments. When the “recapitalization” (i.e. bailout) plan was unveiled, markets responded very, very well. However, despite the positive market reaction, at least one veteran businessman thinks the deal is a big mistake. In fact, he thinks it’s only making things worse. According to Quantum Fund co-founder, free market advocate, author, and regular lecturer of finance at the Columbia University Graduate School of Business Jim Rogers, the EU’s decision to recapitalize its banks won’t do anything to fight off the...
  • Jim Rogers: European Bailouts May Lead to Another World War

    06/23/2012 4:56:29 AM PDT · by Olog-hai · 26 replies
    Moneynews ^ | Friday, 22 Jun 2012 01:47 PM | Dan Weil
    A continuation of bailouts in Europe could ultimately spark another world war, says international investor Jim Rogers. As an alternative, he recommends a combination of capitalism and socialism to weed out weak European banks and companies and to support the strong. “This is how we got into World War II,” Rogers tells Yahoo, referring to Europe’s handling of its financial crisis. “Add debt, the situation gets worse, and eventually it just collapses. Then everybody is looking for scapegoats. Politicians blame foreigners, and we’re in World War II or World War whatever.” The Rogers solution: “Let the people who have failed,...
  • JIM ROGERS: Here's What Would Cause Gold To Dive 40% To 50%

    05/15/2012 9:39:05 AM PDT · by SeekAndFind · 45 replies
    Business Insider ^ | 05/15/2012 | Mamta Badkar
    Commodities guru Jim Rogers said he is not buying gold. In fact, he said he has "hedged himself" since we spoke to him last month. Rogers said he expects gold prices to fall further and believes they could tumble 40 - 50 percent off their top if India were to stop its gold imports or if Europeans were to sell their gold: "There's some movement in India to really curtail the purchase of gold. Some people in India say we should stop importing gold period which would be draconian. There are also Europeans who are talking about the need to...
  • Jim Rogers: I Would Not Buy Facebook

    01/30/2012 8:43:19 AM PST · by Hojczyk · 33 replies
    Yahoo Finance ^ | January 30,2012 | CNBC
    Rogers told CNBC that the timing of an IPO this week would be a smart move by Facebook. "It's been demonstrated many, many times before that sellers are usually smarter than the buyers, and they usually know when the best time to sell is, and Facebook is doing it," he said. Turning to the broader US economy, Rogers said the United States looks and feels better because the government is throwing money at it. "There is an election in November 2012. Every time there is an election, the government pumps as much money as it can so it can to...
  • Jim Rogers: US Falling Into 'Deeper Trouble,' Faces 2013 Depression (Obamanomics Alert)

    12/06/2011 6:49:02 PM PST · by rabscuttle385 · 16 replies
    Newsmax ^ | 2011-12-05 | Forrest Jones & Kathleen Walter
    The United States economy never really emerged from the recession that began in 2008 and is possibly headed for a more chronic depression, and the prognosis for recovery doesn't look good, especially in 2013, says international investor Jim Rogers. President Barack Obama has tried to spend the economy back into recovery, which never helps, Rogers told Newsmax.TV in an exclusive interview. (snip) "In America we have had recessions every four to six years since the beginning of the Republic. So by 2012 or 2013, we're going to have another one, and it's going to be much, much worse. Whether that's...