Jim Rogers about current economic situation CNBC 20080505

[juiced2death]

Y does everyone think he lives in china he lives in Singapore cause it is developed china is what u call developing developed countries in Asia r japan hong kong Taiwan Singapore south Korea n maybe malaysia

[KLguy133]

This may " pass " , yeah maybe in 10/20 years ?

[Wcoltd]

No major oil field discoveries in over 40 years - what about Brazil? I heard they made a huge oil discovery in 2004 or something.

[k2vi]

no way, I will say it will get worse for another 3 years but the us dollar will gain strength and we will be out of this horrific recession by 2013. Keep yor money out of the market, buy some gold and keep your money in cd's for the time being.This to shall pass, The us will be fine however changes have to be made,not obama's way of change.

[Ryshtyanna]

China's and Vietnam's stars are rising, so to speak, and the USA is falling hard. Jim Rogers sees this and those with opened eyes and educated minds see this. I have friends in China and their observation is China is looking to follow the footsteps of EARLY America when it was originally founded. They're not interested in becoming what America is today because they generally view America as a doomed nation on so many fronts.  Until Americans band together and force change, there's no way out.

[vonleixy]

revisiting his interview today, he was right about the U.S. stock market.

[dojufitz]

Jim had a boner...a hard working Singapore boner.

[KLguy133]

" very health conscious eaters."

HAHAHA. Like drinking poison milk , oh yeah that's really health conscious.

[kcmall]

Quote: "Jim moved to China because China is like America at the turn of the century and he wanted to be there at a cornerstone of a civilization"

Several people have mistakedly thought Jim moved to Shaghai. He moved to and lives in Singapore.

"It's like moving to New York City in 1907, or London in 1807" Jim Rogers

[KLguy133]

Jim is bullshitter , he advocates moving to China yet he lives 1000's of mile s away.

[KLguy133]

China wanting to live like USA is the WORST possible choice they can make, they'll just end up with this debt financed inflation crap. Dumb asses.

[kcmall]

China wanting to live like USA? ...You mean they want to be wasteful consumers who abuse credit, don't save their money, and eat themselves to an early grave?

Can we say IRONY? China is a country of producers, savers, and very health conscious eaters.

Did you mean they want be like the USA in that they want a nice house, car, good education for their children, etc? Hmm ...

[jsyn1230]

China wants anything but livin like the USA. if you go to China you'll know ppl there are actually willing to work hard to earn a living

[davidchenard]

He said he wants to sell the rest of his dollars this year.

[bookoflove512]

Jim moved to China because China is like America at the turn of the century and he wanted to be there at a cornerstone of a civilization. He has mentioned moving there as far back as his 2nd book came out.

[JUKIO01]

americas economy is going to collapse this september of 2008, and in 2009 the US government finances will collapse. jim rogers knows whats up, thats why he moved to china, cause he knows what will happen. smart man

[70road]

Maria is smokin hot!

[ITILII]

2 good things: Jim Rogers talking, and we get to look at Maria Bartiromo...

[MMXANCE]

Little jimmy, haven't I told you not to surf the webs this late? go back 2 bed.

hugs and kisses, yer mom.

[b2u]

早口すぎて聞き取りでけへんわ

[tom0331]

Maria is one dumb broad. Her credentials only qualify her as a reporter not an intellect on economics and finance. she's only a mouthpiece for wall street.

[amsd1231]

She only asks questions that her viewers would ask. Now you have to question the intelligence of the CNBC viewers. Seeing how well Cramer's doing, their average IQ must be around a low two digit number.

[peacespeech]

well said :)

[myspacesecrets]

jim rogers is always 99% right....LOL

[jp0818]

I wish JR was wrong... oh well... GO EWT!

[davincij15]

If you like Jim Rogers and Peter Schiff like I do these guys

watch?v=UYAs62Mclxs

Make jokes on the destruction of the US economy.

As they would say it's radio to disturb the comfortable and comfort the disturbed. lol

[ENJOYOURMATRIXX]

lies.. oil field are found everyday all around the world.. they create fake serge to pump up the prices. google it

[CBound]

I'm not prepared to call Jim Rogers a lair, but we have huge oil deposits yet in Alaska and very large ones discovered recently in the Dakotas regain and off the coast of Brazil. I'm not sure why he's not up to date with his facts.

[blvoss]

I'm not going to argue. Only suggest that you do more research on the global oil supply/demand situation.

[sh200kr]

I think he knows peak oil theory is fraud.

But just imagine Jim says there are plenty of oil, people would call him conspiracy nut and would not be on mainstream tv show...

[olliestrick]

He said "major" fields... and by this he means Ghawar or Cantarell size superfields of light crude. When compared to these mature fields, recent discoveries are comparatively modest, and new supply will probably not cover declines in the old fields. So what we have is stagnant supply growth, and even looming decline. With rising demand, this year's price increase is rational. Brazil's recent find is substantial, but in deep water. Could be a decade before it makes an impact. Not artificial.

[lastnymleft]

"With rising demand, this year's price increase is rational"

Basic supply/demand issues pertain, but it's probably more related to the value of the dollar. Ben Bernanke and his partners-in-crime over at the Fed have been flooding the world with USD (it's running at 17.4% per annum, at present!). The more USD in the world competing for the same commodities, the more those commodities rise in prices. Oil, corn, wheat, rice - anything sold in USD. Stop this nonsense: vote Ron Paul and end the Fed!

[olliestrick]

I do not disagree that the weakening dollar is playing a role. I did not want to confuse "enjoyyourmatrixx" with forex. I wonder the weights of each component? The 2008 BP Statistical Review of World Energy should be released around June. Can't wait to see the production data.

[lastnymleft]

I'm more worried about when that M3 money supply figure (~17.4%) is going to show on the Producer Price Index (~12%), and ultimately through to the Consumer Price Index ("~4%"! Ha! Lies!). They can't fudge the numbers forever, covering up the rampant inflation. It will drown them soon, forcing interest rates up, thus causing housing and the economy to collapse. We're cactus! With the economy in depression, at least oil will tumble. (That's why I don't focus so much on the oil.)

[yiyaxueyu012]

yup right ! it is inflation caused by excessive money injected into the system...

[JUKIO01]

most of the oil are out at see, and we CANT get to them!

[lianxiang]

Buy Hang Seng

[sassylassy526]

Gee, anyone else think Maria's had some work on her face? Guess she is supposed to look "refreshed." Actually looks kind of gross.

[peacespeech]

yeah, you're right :>

but don't be so cruel, she had her years..

[JUKIO01]

i dont know, she kinda looks hot like that, i guess its just me though, i like women like that, women who are not fake looking. i guess its just a fetish of mine