there's something I don't get in Jim's argument. If they're going to paper it over, to print a lot of money, how can it be that creditors are in a better situation than debtors ? I'm in Europe and I luckily saved quite a bunch of money in USD before the slump of the Euro, and I was thinking to buy US real estate. USA is going to almost double its populace by 2050 and they're going to print a lot of money that will erase debts. It should be good in the long term. My pension.
@Durchbrechen There is a global economic collapse underway... I'd advise you to search and listen to people who predicted the crash of '08 like Peter Schiff, Steve Keen, Gerald Celente, and Michael Ruppert. I'm nobody but I'd strongly advise you to listen to jim and put your money in commodities.
@Durchbrechen to answer your question its called fractional reserve banking. The banks can loan money 10x over what they have in their vaults. The creditors will also make alot of money by confiscating property the unemployed cant pay and thus steal people's equity in property if that makes any sense. Oh and that money the banks use to loan 10X over is our money which the banks do not pay any interest on. the banks are sure slick mother fukers.
The mainstream media is always surprised by economic crisis, they thought we were in a recovery, and now you hear them cry about deflation. Watch out inflation is coming. Corporate media is never right.
Jim Rogers speaks total common sense truth folks. End all bailouts and the FED, stop the fiat money print presses, and this herion fix called stimulus's.
the same people who gave us "shovel ready jobs" are now pumping up the bond market. Won't work !
k3304 1 year ago
Thank you for the video, but I don't hear him saying anything about bonds being in a bubble.
rconley1 1 year ago
there's something I don't get in Jim's argument. If they're going to paper it over, to print a lot of money, how can it be that creditors are in a better situation than debtors ? I'm in Europe and I luckily saved quite a bunch of money in USD before the slump of the Euro, and I was thinking to buy US real estate. USA is going to almost double its populace by 2050 and they're going to print a lot of money that will erase debts. It should be good in the long term. My pension.
Durchbrechen 1 year ago
@Durchbrechen There is a global economic collapse underway... I'd advise you to search and listen to people who predicted the crash of '08 like Peter Schiff, Steve Keen, Gerald Celente, and Michael Ruppert. I'm nobody but I'd strongly advise you to listen to jim and put your money in commodities.
LuqmanNaq 1 year ago
@Durchbrechen to answer your question its called fractional reserve banking. The banks can loan money 10x over what they have in their vaults. The creditors will also make alot of money by confiscating property the unemployed cant pay and thus steal people's equity in property if that makes any sense. Oh and that money the banks use to loan 10X over is our money which the banks do not pay any interest on. the banks are sure slick mother fukers.
TheCashistrash 1 year ago
The mainstream media is always surprised by economic crisis, they thought we were in a recovery, and now you hear them cry about deflation. Watch out inflation is coming. Corporate media is never right.
hurryingfred 1 year ago 2
The butler shopping line gets me every time.
1972challenger 1 year ago
haha Jim Rogers is the man! Tells the truth, I have been watching him for years. CNBC talker has a butler, per Jim that was funny!
jahlyric 1 year ago 3
In 10 years, you won't be able to give away the tiny slave dwellings called "The Suburbs". Actual, farmable land will be king.
That's my prediction, but what do I know? I'm just a schmuck youtuber who looks up to Jim Rogers and hates the NWO.
Dyhalto10 1 year ago 4
@Dyhalto10 - - couldn't have said it better myself.......
dskillz1 1 year ago
Jim Rogers knows stuff :P
Thumbs up :P
2sedated 1 year ago 3
Jim Rogers speaks total common sense truth folks. End all bailouts and the FED, stop the fiat money print presses, and this herion fix called stimulus's.
slhines7 1 year ago 3