The worse is not over says Jim Rogers

[BenZeneProject]

If you haven't had a kid yet go make one... Easy to say if you have millions in the bank. Not so easy to say if you don't.

[WNDC]

"Worst" - The *worst* is not yet over. "Worse" is not the word you're looking for, here. Research your English, por favor.

[AllTheSame711]

2:09 hahah . i know it means something very different but it cracks me up!

[cugir321]

jayangli, It won't run out if it's produced in the lower earth....Many scientist's believe it is a product of a chemical reaction of methane and other things. The depth of these wells proves it is not a fossel fuel. Corporate fairytails. The alaskan wells were supposed to run out years ago....the pressures are the same as the day they first drilled. Many geologists believe that the wells are renewed by oil seeping up from the lower earth. Could a well run dry..these deep wells are huge.

[cugir321]

Jim, You say that oil is going into short supply. How? Russia has dug super wells at 37,000. feet. They struck a mother load of oil and pressure under that oil. The Gulf of mexico well is at 30,000 feet. (the one that is polluting the Gulf of mexico) It has tremendous pressure. There is no organic material at 30k feet? So where is the oil coming from? Why would it run out if it's not a fossil fuel? NOT OIL! I think it's a lie to control the price.

[jayangli]

@cugir321 so oil will not run out? of course it will, i think there is plenty of oil but only when they discover a large field. and because of demand from Asia and later when demand from the west improves, this will affect the price of oil

[punkeratheart]

Of course, the debt is not paid, it is only given extensions, but the interest rate is astronomical, and the government is forced to borrow more from the same source just to pay the interest. The rest is coming from ((((((guess who!!)))))))) me and you! They tax everyone dry, from single moms with part-time jobs at diners to millionaires and billionaires. The only ones who are now exempt from the highest tax rates in history are the TRILLIONAIRES who are orchestrating and profiting from it all.

[punkeratheart]

Yeah, the monkey wrench in this is that his assumption that the government is "flooding the world with money", the belief that the government itself is printing money is false. The tooth fairy IS in fact bailing the US out, like the tooth fairy bailed out FDR, and since that initial bailout BY a corporation FOR the bankrupt government, this country has consistently owed money in many directions, and the government itself has left the printing of money to a private corporation to offset the debt.

[mallamoozoo]

'Synthetic" number?

Polite euphemism for "BULLSHIT"!

[WNDC]

"worst" is the word you're looking for. "The WORST is not over", not "worse".

cheers

[mallamoozoo]

My pet peeve is - "If worse comes to worse"

[justananderson]

If the solution was in a literary article by whoever, doe's it solve the problems we face now? Opinions, I know are like assholes, everyone has one,hypothetical, theoretical bullshit

[tulioigor96]

Ima go do a kid in my lunch hour haha

[ntlfr8]

If the "Experts" in America are "making it up" - this explains the trouble we're in! What was the reason for going to college?

[00587649]

To get a good qualification and move out of the country

[30percentplusreturns]

Deflation or inflation, collapse or surgine economy, either way gold and silver bullion, not the etf's, are the way to go. Silver is ridiculously cheap. Buy all you can because when JP morgan collapses they will have to cover their huge short position which will send silver over 100 an ounce. If you own digital silver or stocks you will end up getting ":Madoff'ed." Paper assets are for losers.

[1KuanTi]

There wasn't an amendment that created the FRB, it was an unconstitutional act. Its time to his the streets, nothing short of fear will change this. Theres to much money, and it is going to have to get ugly.

[1KuanTi]

Obama is a product of the Chicago Political machine...the whole worlds watching, the whole worlds watching, the whole worlds watching...its time to hit the streets, its the 60 all over again. The Military Industrial Complex is alive and well. Rodgers is an honest man, very smart...and bery tough, but he is a lover of freedom. I am saddened that riots, demonstrations, and bloodshed is the only thing the current leaders of this country understand. Obama is not a leader, but the consumate liar.

[Lingerfoot]

Is Jim Rogers like George Soros?

[benoitcaron]

Jim Rogers is better than Soros, Faber, Roubini.... When the latter were STILL telling people to run for the hills in early March, Rogers was covering his shorts and telling the anchors on CNBC that he was not finding many good shorts any more. The market talks to us every day....some listen (Rogers, because he has skin in the game) while others don't (e.g. Roubini,)

These dogmatic doomsayers tell people what to do with their money while Rogers tell people what he's doing with HIS money.

[benoitcaron]

well, Soros has LOTS of skin in the game,...but i dont like his manipulative character..."Oh Government, now that I have positioned myself, please begin reflationary monetary policy..."

[Lingerfoot]

What about Max Keiser? Does he study Austrian Economics like Peter Schiff?

[Jfkennedy62]

WASHINGTON (AP) — The Obama administration says it is committed to overhauling the country's financial rule book by giving the Federal Reserve increased powers to guard against the types of risks that could bring down the entire system.

[lsa420]

Gee that's comforting....

[TiredOldFart]

He is going the wrong way. The fed caused this crisis. They should be abolished.

[15peter2015peter20]

TiredOldFart, the Fed didn't cause this crisis. Since 1776 (LONG before the Fed) there have been speculation led booms and busts every 18 years. It is caused by the privatisation of economic rent in land value.

Look for books by Harrison, and Anderson for full explanations. They have been predicting and warning of this bust for well over a decade.

Banks FACILITATE the bubbles, but they do not CAUSE them. PEOPLE do, thanks to the land tax system...

[15peter2015peter20]

Govts KNOW this, but the most powerful elites are the vested land owners, who do not want the system to change.

The ONLY place this has been avoided is in Hong Kong. Why? Because all land is leasehold, and all economic rent is socialised. The result is zero income tax, very low corporation tax, very high land tax, and the most efficient and productive free market economy in the world.

The Fed is NOT the cause, and gold backed currency NOT the solution.

[sirellyn]

I hate debating on youtube 500 chars isn't enough. Bubbles can occur without the Fed, the situation the US is in now could not have. People can barter with the "things" they need to survive. But it's easier to use a medium of exchange; money. When you have too much of something it become worth, less. Historically money is chosen to be something thats permanently rare.

This allows savings. Frugal savings allow for cautious loans.

Printing money screws savings, loans, and people.

[donttalktomeabout]

While I agree with everything you say, there is one CRUCIAL point you omit. What CAUSES these bubbles is the taxation policy which permits the 'economic rent' from land values to be privatised. Marx missed it, and all 20th Century economists deliberately avoid it. But Adam Smith knew it, and so did David Ricardo.

If you really want to know WHY this crisis is happening read two books: Ricardo's Law, and BoomBust, both by Fred Harrison. Also, look up his channel: Renegade Economist....

[sirellyn]

Thank you for citing sources. Few people do. While I disagree with the current taxation system, Harrisons reasoning doesn't account for inflation, and it ignores the millions getting loan approvals they couldn't pay back because of low interest rates by the Fed.

You are claiming that during a time when a barber could purchase 1-2 million dollar houses for no money down, housing supply went down and demand way up, that none of that accounted for the rise in home prices? Or the bubble?

[donttalktomeabout]

Inflation is a necessary function of the fractional reserve banking system. At 5% av interest rates the money supply needs to double every 14 years.

PLEASE read the books (+ Secret Life of Real Estate, by Anderson). Housing/land bubbles have been occuring whether we had gold-backed monetary systems, fractional reserve monetary systems, or any other monetary system that can be invented. The ONLY way to stop them is to change land taxation.

Fed / banks FACILITATE bubbles, not CAUSE...

[Individualism101]

Keynes probably did as much to hurt humans everywhere as Marx did.

It never ends. We're here on youtube deprogramming the converts straight out of gov't indoctrination facilities. The problem is they steal our money to convert the kids in the first place. This is the ultimate waste of energy, perhaps we should focus on abolishing public education.

[30percentplusreturns]

I cant wait to short this market soon. Going into the fall this market is going to collapse. So much easy money to be made and so much time!!!!!!

[pardonwhat]

134 billion in $ bonds found in false bottom suitcase seized on italy/swiss boarder. Whatever this is, it is in government sized 500 million and 1 billion bonds. If fake then some one is looking to crash the $ currency and if real then some one is looking to offload it. Either way its a redflag and looks like the bond/currency crisis is starting to emerge.

[genefire]

How about we abolish the Federal Reserve Bank or at least quash the amendment that granted these crooks the power to coin our money! If people really want to get out of debt we have to abolish to coin our own money backed up by gold,silver or something of value. The federal reserve bank isn't federal and they print/make(digitally)money out of thin air with interest paid for by us the taxpayer.

Then they took our money and gave it to the banks to loan it back to us with interest! What a sham!

[caganb]

I was 23 when I had my first child. That was too old. I should have had my first at 20. Good luck Jim.

[Invirtuo]

Haha I hope that's sarcasm

[potterword]

arbtrage

don't need a cure...it's the tired limp boys that need one. Jim-boy is what he is, a close associate of twice convicted felon Soros and will go on for filthy lucre. As for his old age, well..

[jb2134]

It's funny, he's said the same line, "the only area of the world economy that's improving is commodities"...probably a 100 times in recent interviews.

Yet it never sinks in with any of these MSM "reporters". No matter how many times he brings it up, or brings up "farmers can't get loans", these reporters cant process information like that. They can't think in any terms besides what they've been programmed to think.

[daytripperx101]

He's been right about a lot of things except farmers getting loans. I'm a farmer and with soybeans at 8.00 and corn at 3.00 it maight have been tough but now with beans at 12.00 and corn at 4.50 we all found a way. Hell, I'd sell my kid for a chance to plant more acres and reap that reward. The market will be shocked at how many acreas were planted come late summer! I'm sure by then, Rogers will be out and maybe even short. What a great scalp if he pulls it off. Brilliant!

[jb2134]

I think he's making a general statement. That with credit tightening, and the banking mess, it will hurt the future supply of commodities...but the reporters cant seem to understand it.

I think it aides his general bull market idea...commodities have been up since the late 90's, and in this leg of the bull market, supply will be hurt. Maybe there's a trading short based on high prices in some areas, but he's looking long term.

[potterword]

Invirtuo

Ladies don't lose their adult status; men lose their manhood where they're no longer men. Yes it is called impotence.Light, mild or severe; any limpness is boy world.

[potterword]

Oh no he did not "cum" to daddy hood this late in life. The ol' prune aint't seen a hard one on himself for over 40 yrs. wrinkly ol', nasty geezer as himself could never satisfy a woman. Liar, liar.

[Invirtuo]

don't take your impotency out on others :)

[potterword]

Jim-boy is a plant in this eco turndown by convicted felon George Soros and others. He's part of the problem. However, they feel a need to partly tell truth as if it gives pts/mercy for them. Prepare.

[ednan9]

This dude, Tyler Matheson has the biggest forehead in the world, any case, I am disappointed, Jim Rogers didn't tell Tyler to go and become a farmer

[Thrice13]

Rogers is a bad ass! Who else would wear a pink bow tie every time he does a TV appearance??

[Lingerfoot]

Jesse Ventura and Ron Paul - 2012

[Thrice13]

Jesse Ventura and Rand Paul would be better. Dr. Ron Paul is getting older, and probably will not have the energy to run. However, his son Rand, who shares the same ideas and values is young, and will have the energy.

[chaniwie]

jimmy has no shorts on..so whats he wearing right now?

[Cjmdgk]

nothing but a bowtie

[lorel51]

trousers

[chris24sj]

I am almost all the way back in my holdings...some rebalancing, some gold.....Im 90% of what I was before the crash...so...whats up now....I hear alot of people whining about their 401k's being 50% off from what they were etc....whats up now !!! Im back and I barely tried...

[JessicaBelle81]

He doesn't have shorts because he knows inflationary prices will continue to increase accross the board and only a moron would bet against that.

[phxfreddy]

HeHeHeHeHe .... he said "No Shorts On" .....

Stimulate the economy: Women's underwear half off "

[GVFX]

Jim Rogers is full of shit.....

now he said he has no shorts....he just said the he shorts JPM and GS 2 months ago

[sinitskyd]

good point. He also said that he is out of US dollar when Lehman collapsed, but then said that he will plan to exit dollar sometimes next year at the end of 2008 when dollar rallied.

But I prefer his shit to the one of Mr. Geitner and helicopter Ben anytime, frankly.

[xavster]

he said he covered them.

[elucidative]

He's got no Shorts on. I hope he has pants on.

[whereismybailouttv]

At least the Statside MSM isn't afraid to show him on daytime TV. At least some of it...

[odin422]

Birth to Deathy ratio is now used in the UNEMPLOYMENT NUMBERS!!!!!!!!!!!!!!!!WHAT!

[john5246]

What does that mean? Did they just change how it's calculated?

[bdc03]

yeah they screwed with the birth to death ratio to add 200k employment to may numbers along with a couple of things

[ricochetVendetta]

they take the raw figure and adjust it for various factors so it can be warped up and down

[ARTHarrison]

Sorry, it is terrible to have kids. Jim Rogers thinks it's peachy because he doesn't have to really deal with the hardships of it.

[LisaJ4Liberty]

Yeah, good to have kids if you're rich like Rogers.

[john5246]

that's why he waited, having kids is a big responsibility and shouldn't be done out of selfishness when you're not ready

[bdc03]

he didn't wait for responsibility, in one of his interviews he said he used to hate children, but then he changed he's almost 70 years old and he had his just had is first kids. waiting is til when ur like late 20's or 30's. not when your 70.

[LisaJ4Liberty]

"shouldn't be done out of selfishness when you're not ready"

you mean the way most people do it?

[john5246]

yes that's what I mean, I feel bad for so many kids that grow up in poverty or just not as wealthy as the other kids, their lives are always more difficult

[pclajd6]

Way to go Jim! Kids are the best!

[JP5466]

"Bernanke is counting on the tooth fairy to bail us out down the road" - LOL!

[MarcusCMarcellus]

The "Worst" is not over.

"Worse" is only a comparative. Come on...

[clearasvodka]

Right! Mr. Bernanke has made mistakes for 6 plus years. That is really hard to do in any job. Don't believe the hype. I don't care if the stock market hits 15,000 because I know it is a false rally.

[Blackjack555]

This will be the Greatest Depression.

[thedemoboy]

That's what Gerald Celente says.

[jneil2007]

@Blackjack555 Its like Celente says, you can't print phantom money while producing practically nothing. The fact that people believe we are going into good times shows how stupid everyone really is.

[qminusis]

Yes, greed rules the world ...

[xXU2BerXx]

doh!!! beat me to it!!!;-D

[Melville10]

Off camera Jim Rogers probably tells people, "America?! Why would you want to invest in that dump??!!!

[wrinkles1931]

yeah, right

[Jasonian]

No kidding.

[benoitcaron]

He says it live on Camera, just not off-camera ROFL

[angelmtza]

@Melville10 You bet he does, specially now, any of us would!