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how can jim hold shares for so long like decades when some companies can have changes, or go down. How does he invest, just buy the company shares. He must be really good at picking the companies decades to be still in business now
You are right about that. I swear Matt Nesto works for GM/Ford or used to sell cars and Dennis must be some executives stupid nephew to have gotten where he is.
A balance-of-payments crisis or a currency crisis, looks very likely at this point. Because de dollar is the world reserve currency , america´s creditor china is having a Market liquidity Excess, that will cause a colossal banking crises in china, the chinese goverment will forced to make an Injection of its currency reserves, causing a worlwide Currency crisis and Sovereign bond market collapse. Its the only way the dollar could collapse.
Islam? who gives a shit! What does this have to do with anything?
So what if its the fastest growing religion? Why don't you look at where Islam is growing - poor communities, impoverished countries where uneducated families who spawn 10 children and can barely survive.
Action and Reaction. When money is printed certain consequences arise. He is using this as his basic premise, but there is a chance of hyperinflation as has occurred in the past. Nobody wants to talk about that. I do not know what can be done to stop it once it starts. He made a good point when he said they were printing all this money but there was no real economic activity to absorb it.
Yeah that right anchor guy is clueless and of course arrogant and high-on-himself in his cluelesness - as it is always the case with morons - they always try to appear smart and are the loudest mouths around.
Saskatchewan Canada is the place to put your money. Oil, natural gas, coal, potash, uranium, gold, silver, diamonds, and its main resource; AGRICULTURE, wheat, canola, flax, livestock, etc, etc. This is the place to live. NO LIBERALS or welfare people allowed.
Jim Rogers needs to shut the fuck up; I haven't bought my silver yet, and I don't want this guy to send prices through the roof before I can get my hands on some.
Pound peaked to the dollar last week. We should see it move lower for many months. However, it will not be a currency crisis in Britain. Think about sovereign debt, who needs commodity prices to rise to pay up the interest on their debts. And if commodity prices went down again... who would be in truble, possibly pounded to rubble?
Well what Jimmy said about silver is absolutely right. I don't know of a safer investment to make right now. I mean, bonds are dependent on the solvency of the bond issuer. SILVER in your hand is something of REAL value and under your control. Silver is cheap to buy and still available. Listen, it's real simple - buy some silver bullion and hold it. If the price goes down don't sell. If the price goes up, sell. At least you will have a chance. Store it in your safe and sit back and wait
Im thinking of silver because Gold has already had a stellar run and the correlation between gold and silver is positive. It would be interesting to get a database with the correlation over the last 3 years.
I like Gold/Silver coz it appears you cannot lose with it:
If we go back to the Pre-march fear it's a safety play.
If they printed too much money worldwide, it's an inflation hedge.
If we get growth modest - you cannot get economic growth without inflation so it's a good play.
Do you folks ever read Revelations? God has already warned us of the upcoming world economic collapse, one world money system, one world religion, and one world leader, Jesus is our only hope.
John???No one knows john!The bible is not true people wake up and look a the people that put it all in one book!!!Revelations will never happen jest ask the people from the dead sea!!!!!
If only people would listen to the bible, the world would be a much better place! No one would wear two different types of cloth, we can kill people who don't circumcise their sons, allow our daughters to be sold into slavery, throw our wives and daughters to angry mobs to be raped to save guests from having to go through that, or we can kill 42 children for making fun of a bald man. Yeah, you're so right, everyone needs to just read the bible because all important facts come from there!
many fund managers in usa dun even know singapore is not china.. and yet, they can say we cannot invest in asia, its dangerous... it need usa to buy their products... i suggest they come to asia and singapore.. they will stop thinking like this...
What is an American? What do Americans stand for? What are Americans laws and rules? Are Americans actually free? Free from what and who? Someone help me please because I was borne American.
i like jiin rogers, but he did not go ballistic over the fed, bernanke, paulson geithner greenspan, during the entire interview......he pulled no punches with maria B, awhile back...something is up.
LOL tuche. The two political options are meaningless. They both promise you all kinds of shit and then screw you when they get into power. Bush policies are being extended and ramped up - but under a different, "tolerant" flag of Obama.
the thing is, both parties have done a masterful job at deceiving the masses into thinking the blame belongs to one party or the other...I can understand how this would have worked in the 50's and 60's, but no excuse for people to fall into these traps nowadays...its disgraceful that people are still having this Dem vs Rep debate when its clear neither party cares very little about us!
the fact that CNBC seems to be in tune with Jim Rogers tells me the fear of inflation seems to be a bit blown out of proportion in the short-term. Rogers of course is right in the long run.
Why are people like Schiff, Rogers and Celetie still cross examined on programes like this? They are constantly having to defend their opinions against 3 or 4 other people who appear to have very different (and mainstream) opinions.
I think this was a good interview . I was really getting bored with jim saying the same thing again and again the very same dialogues on all interviews for the last 3 months today he it was nice
if you just could go to another country in the past few years vs 10 yrs ago you would see how bad our currency is doing.. dang we are living in a bubble and it's toxic
Not shorting cuz market may go to 20k? This is reverse pysch! A little leaven, leavens the whole! Yes, the $ is going, then others will follow. Oh, perhaps about 40 days market will tank- prepare!
I hope this guy posts the whole hour Jim Rogers was on. It was a great hour many other anchors like Kudlow crashed the set and there was a good debate.
Would anyone sit down at a poker table where there was a guy that never lost because if he ran out of chips he just printed up some money and bought back in?.....That is the global scenario with the US dollar. Pretty soon the US and their dollar will be sitting alone, and the sad thing is they probably will still be beating the drum of the greenback.
Although the aggregate national savings rate in the US is only 14% of GDP right now, there still are large pockets of savings in corporate coffers and upper income households. If a run on the bond market did occur, the Fed could print money to buy back the bonds, taxes could be raised on the above groups (which wouldn't damage aggregate demand), and those bonds could be paid off without damaging the stimulus.
The Fed buying its own bonds is leading to hyperinflation.
This idiot does not meantion anything about the REAL economy.
Rogers is 100% correct ,a currency crisis is comng and the USD and its economy is toast........unless moron Americans want to work for a dollar day & compete wirthe theb Asians. The US needs to get rid of NAFTA and GATT the fed & the military industrial complex,but religious flag wacing yanks willnot read and will not wake up..so more war will come
Taxing US upper income households and corporate savers (who earned their money in the real economy) effectively forces them to buy back those bonds. The Fed then disposes of the money it recieves from them to reduce the money supply again.
Over the longer term, these savers will retire, developing nations will eventually structure their economies further away from exports to the US, and foreign interest rates will rise. These will be the causes of the US dollar's eventual demise.
The USD is falling now because everyone believes the US economy is rebounding and other higher ROI economies will be less likely to default as long as the "engine of the global economy" is propping them up.
Higher long term interest rates are threatining this right now though - that's why the Fed is talking about buying back more mortgage related debt.
But again, this will have to be paid for with a recompression of tax brackets sooner or later.
So in the near term, the dollar should fall a little more. In the medium term, it may recover a bit. In the really long term, it will slide considerably - especially if China retains structural impediments to imports.
these borard unfortunately david do not allow for detail.
i suggest you read "The creature fro Jekell Island" on the federal reserve...."blowback" by C Johson & The Grand chessboard by Brzezinski..
Rogers touched on what is coming-SDRs already are the NEW world reserve currency......they have replaced the FED & all CBs....you will find out when you need to know......
This has all been an Engineered collapse.
America has to fall with the constitution to bring in a New System.
(1) Right. And now both the military and the consumer are being propped up with government debt.
This has led to higher commodity prices, higher interest rates, the potential for a re-expansion of private debt, and extension of capacity already in excess supply in an economic environment that is not likely to return 1% real interest rate that the US bond market is expecting. These factors are likely to lead to another recession in the next 1 to 4 years.
(2) If the bond market gets jittery at that point, congress is likely to recompress tax brackets in the US to shore up the government debt. Again, the US bond market will rally on deflationary expectations and show itself to be a safe haven in a global economy structured on exports to the (then contracting) US economy. This and the associated equity market bailout rally are likely to make the dollar rebound again in the medium term.
(3) In the long term, if China doesn't develop its middle class, the deflationary safe haven dynamic will continue to buoy the dollar during global downturns.
(3') ... until 2030 at which point the US national savings rate is projected to become negative due to the demographic shrinkage of 41-59 year old savers compared to its other consumption oriented age groups this is when the US dollar could collapse in a more spectacular fashion especially if the democrats are still in control of congress at that point and China has continued to maintain its peg to the dollar.
(4) If, on the other hand, China does develop its middle class (or if Chinese rural migrant factory labor immigrates to the US...), exports from the US to it will buoy the dollar during global upturns (although this may be partially offset by interest rate arbitrage due to growth differentials).
Right. High tech exports are likely to grow more than e.g. auto exports during the next upturn. But during periods where manufacturing labor in China (and other trade surplus countries...) increase their upwards mobility and after tax income, their ability to consume gets closer to that of the US consumer and factory worker wages rise as well. This raises the prices of their own products and thereby increases the competitiveness of and demand for US products.
(5) Ultimately, as China continues to develop, it can add machinery to keep the costs of its exports low and maintain its current account surplus (even if Chinas middle class grows, wages in yuan rise, and the dollar is devalued in stages). This will put additional pressure on the US dollar until this industrialization is completed by around 2050.
(5') ... the US may react along the way with a commitment to fiscal balance though... and this could eventually lead to current account balance and more dollar strength along the way.
(6) At the point of full development, Chinas growth rate will slow spectacularly and it will begin its own discussions of deficit spending versus compression of tax brackets and the dollar/yuan exchange rate should settle to its really long term equilibrium.
(7) So Jim is ultimately right, but as usual he is early (in his attempt to imitate George Soros' jawboning of a self-fulfilling-prophesy that caused the pound sterling to collapse...). It will be a bumpy ride down with major retracements along the way though. (And, yes, the options of inflating away debt as well as competitive devaluations remain but may be passed over for IMF bailouts and austerity conditions instead). So be careful and as Jim says, always do your own analysis!
It's a sad world when Jim has to explain it over and over and over to these meatheads on network business news. The US dollar has had it's last hooray. No more will people think it is a safe haven. People will resort to the true safe haven...gold and silver bullion.
'''''''Jim=insider=worked with=George Soros,''''' '''''''90% Truth and 10% misleading INFO''''''''. He tells that people should invest in China=China is in a Dollar Trap, there going down. He tells of the future collapse of the Dollar-that's the truth, his an insider and he needs too sell his Asian shares to suckers, that's how insiders work``` get the sheeple to work for them, his a good guy, but his still an insider by George Soros and that means his one of them.
Good point! Rogers tells the truth but at the same time he is still looking out for himself. You notice that he hold back a lot, as it fades ignorance and never get into specifics. He is very smart and very slick. Rogers unlike Soros is not 100% wicked. But don't think i am giving him a pass I take Rogers information with a grain of salt.
How can he go into specifics? He cannot, becasue people will invest in exactly those stocks and then sue him for "missleading them" or having palyed pump and dump. He has to protect himself and his family. What he says is enough. Listen to Marc Faber too - he is more "specific" than Rogers.
Well figure this, the media has been thoroughly discredited. If they don't report on some truth they would not have any viewers at all. They need ratings as much as any other TV sitcom.
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Turn money into gold and gold into money at Gold Trading Academy. If you have spendable money, come trade gold! Come visit my website Gold Trading Academy.
123THERollyboy 4 months ago
Australia is better place to be in the future as it produce commodity
frankqio 1 year ago
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commodity guru Jim Rogers is the best !
frankqio 1 year ago
commodity guro Jim Rogers is the best !
frankqio 1 year ago
how can jim hold shares for so long like decades when some companies can have changes, or go down. How does he invest, just buy the company shares. He must be really good at picking the companies decades to be still in business now
jayangli 2 years ago
You are right about that. I swear Matt Nesto works for GM/Ford or used to sell cars and Dennis must be some executives stupid nephew to have gotten where he is.
wisertime2000 2 years ago
That Scott is a fucking salesman,and Dennis is so freaking stupid
00587649 2 years ago
So the back up plan is buy gold now is that r8 guys??? coz the gold price now at 1000+ per aunce i heard,that's very expensive...
saifullah0308 2 years ago
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great video i have value information about the topic if you want learn more you have an open invitation
forextrading11 2 years ago
A balance-of-payments crisis or a currency crisis, looks very likely at this point. Because de dollar is the world reserve currency , america´s creditor china is having a Market liquidity Excess, that will cause a colossal banking crises in china, the chinese goverment will forced to make an Injection of its currency reserves, causing a worlwide Currency crisis and Sovereign bond market collapse. Its the only way the dollar could collapse.
DMSskomkol 2 years ago
Hashish Assasins? Is that what you said?
Yeah it all started with the Hash, correct.
the square root of 1111 is 33....
Something to think about.
BongChrist 2 years ago
islam is the fastest growing religion in the world ,,,,,,if you dont believe me ,,,,,just type in google and find the truth out
23580578 2 years ago
Islam? who gives a shit! What does this have to do with anything?
So what if its the fastest growing religion? Why don't you look at where Islam is growing - poor communities, impoverished countries where uneducated families who spawn 10 children and can barely survive.
Does that give credibilty to Islam?!
krashteste 2 years ago 2
Cancer is the faster growing medical condition.....if you dont believe me....just type in google and find the truth out
kemppyy 2 years ago
I honestly think that Dennis Neal is told to go out and act like a shill just to get us all pissed off. I mean, is there any other explanation?
surferaw949 2 years ago
Action and Reaction. When money is printed certain consequences arise. He is using this as his basic premise, but there is a chance of hyperinflation as has occurred in the past. Nobody wants to talk about that. I do not know what can be done to stop it once it starts. He made a good point when he said they were printing all this money but there was no real economic activity to absorb it.
MonteCristoRecords 2 years ago
JIMBOOOOO!
Continue to Tell the uninformed the truth.
dogdog9090 2 years ago
I'd like to see Jim with that bow tie hosting a banal interview with a celebrity on the E channel.
fomastephanovitch 2 years ago
dennis neal is retarted
berts584 2 years ago
That's retarded. Retarted occurs if you're a hooker & you apply a fresh coat of make-up. :)
Clichyabarbes22 2 years ago
Dennis Neal is an idiot.... completely unqualified... Go back to reporting the Hollywood celebrity news you looser..
frontier1701 2 years ago 2
Yeah that right anchor guy is clueless and of course arrogant and high-on-himself in his cluelesness - as it is always the case with morons - they always try to appear smart and are the loudest mouths around.
grumpone 2 years ago
Saskatchewan Canada is the place to put your money. Oil, natural gas, coal, potash, uranium, gold, silver, diamonds, and its main resource; AGRICULTURE, wheat, canola, flax, livestock, etc, etc. This is the place to live. NO LIBERALS or welfare people allowed.
kartoonkidd 2 years ago
Jim Rogers needs to shut the fuck up; I haven't bought my silver yet, and I don't want this guy to send prices through the roof before I can get my hands on some.
Questfortruth86 2 years ago
Here's some advice for investers - put God first - tithe and help the poor and don't put your money in this world.
ntlfr8 2 years ago
and if you hate bailouts watch this /watch?v=fovlBsczWvg
4funFlicks 2 years ago
regardless of your political afiliation, i suggest you listen to Ron Paul because he knows exactly waht's going to happen next.
midwestcharm 2 years ago
Currency crisis may start with the pound sterling??? My gosh, the pound has already crashed!
i4Truth 2 years ago
Dude, Pound aint crashed. It's at 1.60 to the dollar
Nuanceqwest 2 years ago
Pound peaked to the dollar last week. We should see it move lower for many months. However, it will not be a currency crisis in Britain. Think about sovereign debt, who needs commodity prices to rise to pay up the interest on their debts. And if commodity prices went down again... who would be in truble, possibly pounded to rubble?
jp0818 2 years ago
I think dollar weakness will be sustained. Seriously, pencil in your diary. The worst of the economic crisis.
The dollar rally was artificial to start with it was not related to the US economy's strength to start off with.
Nuanceqwest 2 years ago
Well what Jimmy said about silver is absolutely right. I don't know of a safer investment to make right now. I mean, bonds are dependent on the solvency of the bond issuer. SILVER in your hand is something of REAL value and under your control. Silver is cheap to buy and still available. Listen, it's real simple - buy some silver bullion and hold it. If the price goes down don't sell. If the price goes up, sell. At least you will have a chance. Store it in your safe and sit back and wait
clearasvodka 2 years ago
Im thinking of silver because Gold has already had a stellar run and the correlation between gold and silver is positive. It would be interesting to get a database with the correlation over the last 3 years.
I like Gold/Silver coz it appears you cannot lose with it:
If we go back to the Pre-march fear it's a safety play.
If they printed too much money worldwide, it's an inflation hedge.
If we get growth modest - you cannot get economic growth without inflation so it's a good play.
Nuanceqwest 2 years ago
did he say at the end his birthday was at the crash of '89 and then he covered all his shorts? haha
YankeeGlacier 2 years ago
of all the pessimists porn stars JR is the best, because he hedges but does actually give solid predictions. also takes credit for bad calls.
YankeeGlacier 2 years ago
Do you folks ever read Revelations? God has already warned us of the upcoming world economic collapse, one world money system, one world religion, and one world leader, Jesus is our only hope.
ntlfr8 2 years ago
Have you ever heard of a brain? Try using yours instead of basing your life on stupid fairytales. Fuck there's a lot of STUPID humans.
crashishlaroche 2 years ago
Revelations is a joke!How is the Author ??
killergames187 2 years ago
The author was John and I'm sure He is with the Lord now.
ntlfr8 2 years ago
John???No one knows john!The bible is not true people wake up and look a the people that put it all in one book!!!Revelations will never happen jest ask the people from the dead sea!!!!!
killergames187 2 years ago
piss off with that bullshit and try and have some thoughts of your own
Oztrigger5 2 years ago
If people would read Revelations - they wouldn't have to lean on the news media to find out whats in store for them!
ntlfr8 2 years ago
If only people would listen to the bible, the world would be a much better place! No one would wear two different types of cloth, we can kill people who don't circumcise their sons, allow our daughters to be sold into slavery, throw our wives and daughters to angry mobs to be raped to save guests from having to go through that, or we can kill 42 children for making fun of a bald man. Yeah, you're so right, everyone needs to just read the bible because all important facts come from there!
Rantandreason 2 years ago 8
@Rantandreason That's not accurate. The bible does not condone any of that behavior, particularly when you consider the new testament as well.
TWN321 1 year ago
@TWN321 Tell that to the religion extremist.
JennyAakiwa 11 months ago
thank you, my thoughts exactly
sysopkc 2 years ago
many fund managers in usa dun even know singapore is not china.. and yet, they can say we cannot invest in asia, its dangerous... it need usa to buy their products... i suggest they come to asia and singapore.. they will stop thinking like this...
sgwarrenb 2 years ago
I bet none of them would have been able to point out Singapore on a map.
vijussil 2 years ago
What is an American? What do Americans stand for? What are Americans laws and rules? Are Americans actually free? Free from what and who? Someone help me please because I was borne American.
~ Author unknown
Jfkennedy62 2 years ago
i like jiin rogers, but he did not go ballistic over the fed, bernanke, paulson geithner greenspan, during the entire interview......he pulled no punches with maria B, awhile back...something is up.
garyowen4ever 2 years ago
Obama == Narcissist
phxfreddy 2 years ago
President Boy-Obama is really fudging up the USA economy.
phxfreddy 2 years ago
yeah...its such a shame too, seeing what a wonderful and responsible job Bush did with the USA economy
BlacksAreBeautiful 2 years ago
LOL tuche. The two political options are meaningless. They both promise you all kinds of shit and then screw you when they get into power. Bush policies are being extended and ramped up - but under a different, "tolerant" flag of Obama.
grumpone 2 years ago
the thing is, both parties have done a masterful job at deceiving the masses into thinking the blame belongs to one party or the other...I can understand how this would have worked in the 50's and 60's, but no excuse for people to fall into these traps nowadays...its disgraceful that people are still having this Dem vs Rep debate when its clear neither party cares very little about us!
BlacksAreBeautiful 2 years ago 2
the fact that CNBC seems to be in tune with Jim Rogers tells me the fear of inflation seems to be a bit blown out of proportion in the short-term. Rogers of course is right in the long run.
powermung 2 years ago
CNBC is like the old west, a bunch of hyped up investors contributing to a worthless lie. We all know this already.
Elmeromero1 2 years ago 2
many ppls in USA still think Singapore is china... unbelievable...
sgwarrenb 2 years ago 3
and they think Thai people come from Taiwan
OperJeff 2 years ago
Jim is wrong when he said he is the world's worst trader. I am a worse trader than him..
5K2aM 2 years ago
Why are people like Schiff, Rogers and Celetie still cross examined on programes like this? They are constantly having to defend their opinions against 3 or 4 other people who appear to have very different (and mainstream) opinions.
CelticReject 2 years ago 3
I think this was a good interview . I was really getting bored with jim saying the same thing again and again the very same dialogues on all interviews for the last 3 months today he it was nice
manojp86 2 years ago
Jim Rogers is giving good advice. Cooper is cheap and easy to come by, and it could go up,as for many other commodities.
KevZen2000 2 years ago
if you just could go to another country in the past few years vs 10 yrs ago you would see how bad our currency is doing.. dang we are living in a bubble and it's toxic
stshell 2 years ago
Jim has to actually explain it to those other dunderheads.
mrgoodvibrations 2 years ago
mrgoodvibrations :
IT is the mainstream media, and if you explain the truth, they will look dumbfounded at you.
KevZen2000 2 years ago
Not shorting cuz market may go to 20k? This is reverse pysch! A little leaven, leavens the whole! Yes, the $ is going, then others will follow. Oh, perhaps about 40 days market will tank- prepare!
PontVedra 2 years ago
could you post the entire segment if possible. Thx hv grt wknd >
culturehorse 2 years ago
Jim tells like it is. Those CNBC people are a joke.
Blackjack555 2 years ago
I hope this guy posts the whole hour Jim Rogers was on. It was a great hour many other anchors like Kudlow crashed the set and there was a good debate.
dellamalo 2 years ago 2
terrific interview - despite that fool sitting directly to Jim's right. I can't stand that guy.
LisaJ4Liberty 2 years ago
gosh so scary. which major currency? US$? Pound? Seems that US$, it goes down when commodity is rising.
teddybear1968 2 years ago
Would anyone sit down at a poker table where there was a guy that never lost because if he ran out of chips he just printed up some money and bought back in?.....That is the global scenario with the US dollar. Pretty soon the US and their dollar will be sitting alone, and the sad thing is they probably will still be beating the drum of the greenback.
murraycg69 2 years ago 4
Although the aggregate national savings rate in the US is only 14% of GDP right now, there still are large pockets of savings in corporate coffers and upper income households. If a run on the bond market did occur, the Fed could print money to buy back the bonds, taxes could be raised on the above groups (which wouldn't damage aggregate demand), and those bonds could be paid off without damaging the stimulus.
nathanwilefrazier 2 years ago
absolute rubbish.
The Fed buying its own bonds is leading to hyperinflation.
This idiot does not meantion anything about the REAL economy.
Rogers is 100% correct ,a currency crisis is comng and the USD and its economy is toast........unless moron Americans want to work for a dollar day & compete wirthe theb Asians. The US needs to get rid of NAFTA and GATT the fed & the military industrial complex,but religious flag wacing yanks willnot read and will not wake up..so more war will come
Hroark7 2 years ago
Taxing US upper income households and corporate savers (who earned their money in the real economy) effectively forces them to buy back those bonds. The Fed then disposes of the money it recieves from them to reduce the money supply again.
Over the longer term, these savers will retire, developing nations will eventually structure their economies further away from exports to the US, and foreign interest rates will rise. These will be the causes of the US dollar's eventual demise.
nathanwilefrazier 2 years ago
The USD is falling now because everyone believes the US economy is rebounding and other higher ROI economies will be less likely to default as long as the "engine of the global economy" is propping them up.
Higher long term interest rates are threatining this right now though - that's why the Fed is talking about buying back more mortgage related debt.
But again, this will have to be paid for with a recompression of tax brackets sooner or later.
nathanwilefrazier 2 years ago
So in the near term, the dollar should fall a little more. In the medium term, it may recover a bit. In the really long term, it will slide considerably - especially if China retains structural impediments to imports.
nathanwilefrazier 2 years ago
The only person you are fooling is yourself.
This is an Engineered Collapse just like 911.
Hroark7 2 years ago 3
Care to expand ?
DavidAKZ 2 years ago 2
these borard unfortunately david do not allow for detail.
i suggest you read "The creature fro Jekell Island" on the federal reserve...."blowback" by C Johson & The Grand chessboard by Brzezinski..
Rogers touched on what is coming-SDRs already are the NEW world reserve currency......they have replaced the FED & all CBs....you will find out when you need to know......
This has all been an Engineered collapse.
America has to fall with the constitution to bring in a New System.
research it
Hroark7 2 years ago
"engine of the global economy" ? 60% consumer oriented and 20% military spending .
DavidAKZ 2 years ago
Comment removed
nathanwilefrazier 2 years ago
(1) Right. And now both the military and the consumer are being propped up with government debt.
This has led to higher commodity prices, higher interest rates, the potential for a re-expansion of private debt, and extension of capacity already in excess supply in an economic environment that is not likely to return 1% real interest rate that the US bond market is expecting. These factors are likely to lead to another recession in the next 1 to 4 years.
nathanwilefrazier 2 years ago
(2) If the bond market gets jittery at that point, congress is likely to recompress tax brackets in the US to shore up the government debt. Again, the US bond market will rally on deflationary expectations and show itself to be a safe haven in a global economy structured on exports to the (then contracting) US economy. This and the associated equity market bailout rally are likely to make the dollar rebound again in the medium term.
nathanwilefrazier 2 years ago
(3) In the long term, if China doesn't develop its middle class, the deflationary safe haven dynamic will continue to buoy the dollar during global downturns.
nathanwilefrazier 2 years ago
(3') ... until 2030 at which point the US national savings rate is projected to become negative due to the demographic shrinkage of 41-59 year old savers compared to its other consumption oriented age groups this is when the US dollar could collapse in a more spectacular fashion especially if the democrats are still in control of congress at that point and China has continued to maintain its peg to the dollar.
nathanwilefrazier 2 years ago
(4) If, on the other hand, China does develop its middle class (or if Chinese rural migrant factory labor immigrates to the US...), exports from the US to it will buoy the dollar during global upturns (although this may be partially offset by interest rate arbitrage due to growth differentials).
nathanwilefrazier 2 years ago
Exports ? Information Technology is all I can think of except military expansion.
DavidAKZ 2 years ago
Right. High tech exports are likely to grow more than e.g. auto exports during the next upturn. But during periods where manufacturing labor in China (and other trade surplus countries...) increase their upwards mobility and after tax income, their ability to consume gets closer to that of the US consumer and factory worker wages rise as well. This raises the prices of their own products and thereby increases the competitiveness of and demand for US products.
nathanwilefrazier 2 years ago
(5) Ultimately, as China continues to develop, it can add machinery to keep the costs of its exports low and maintain its current account surplus (even if Chinas middle class grows, wages in yuan rise, and the dollar is devalued in stages). This will put additional pressure on the US dollar until this industrialization is completed by around 2050.
nathanwilefrazier 2 years ago
(5') ... the US may react along the way with a commitment to fiscal balance though... and this could eventually lead to current account balance and more dollar strength along the way.
nathanwilefrazier 2 years ago
(6) At the point of full development, Chinas growth rate will slow spectacularly and it will begin its own discussions of deficit spending versus compression of tax brackets and the dollar/yuan exchange rate should settle to its really long term equilibrium.
nathanwilefrazier 2 years ago
(7) So Jim is ultimately right, but as usual he is early (in his attempt to imitate George Soros' jawboning of a self-fulfilling-prophesy that caused the pound sterling to collapse...). It will be a bumpy ride down with major retracements along the way though. (And, yes, the options of inflating away debt as well as competitive devaluations remain but may be passed over for IMF bailouts and austerity conditions instead). So be careful and as Jim says, always do your own analysis!
nathanwilefrazier 2 years ago
You are Completely wrong. ego deludes
"eventual demise"...the dollar is alraedt gone.
you are very naive.
Guns ,threats blackmail assasinations,theft are the only remnants of a failed state.
Real economy......get real NAFTA & GATT exposed of the REAL economy a long time ago -all financed by American tax payers.
Your deliusion is that you still think there are countries when there are none ,only globalist monopolies backed with mercenaries
The whole market is rigged PPT,look it up
Hroark7 2 years ago 2
It's a sad world when Jim has to explain it over and over and over to these meatheads on network business news. The US dollar has had it's last hooray. No more will people think it is a safe haven. People will resort to the true safe haven...gold and silver bullion.
murraycg69 2 years ago 4
spot on....
tyhe USD is toast.
Americans better wake up fast and read and go back to their constitutional roots.
get rid of the Federal Reserve and indite these politicians who are Globalist scumbags
Hroark7 2 years ago 4
'''''''Jim=insider=worked with=George Soros,''''' '''''''90% Truth and 10% misleading INFO''''''''. He tells that people should invest in China=China is in a Dollar Trap, there going down. He tells of the future collapse of the Dollar-that's the truth, his an insider and he needs too sell his Asian shares to suckers, that's how insiders work``` get the sheeple to work for them, his a good guy, but his still an insider by George Soros and that means his one of them.
brodudemonkey 2 years ago 3
you could be correct.....
They are going for this IMF ,SDR world currency.
The USD is toast.
Americans need to wake up fast and abolish the FED and arrest the globalist scum that infest bith parties.
Hroark7 2 years ago 7
Good point! Rogers tells the truth but at the same time he is still looking out for himself. You notice that he hold back a lot, as it fades ignorance and never get into specifics. He is very smart and very slick. Rogers unlike Soros is not 100% wicked. But don't think i am giving him a pass I take Rogers information with a grain of salt.
gli96187 2 years ago
How can he go into specifics? He cannot, becasue people will invest in exactly those stocks and then sue him for "missleading them" or having palyed pump and dump. He has to protect himself and his family. What he says is enough. Listen to Marc Faber too - he is more "specific" than Rogers.
grumpone 2 years ago
jimmy you are very smart and you are not the world's worst trader cause you don't throw your money down the rat hole.....xO
chaniwie 2 years ago 9
Jim calls it like he see it. CNBC is still a pack of liars. CNBC is nothing more infomercial network for bad investments.
gli96187 2 years ago 13
You wonder why him and Santelli get air time
DavidAKZ 2 years ago
Well figure this, the media has been thoroughly discredited. If they don't report on some truth they would not have any viewers at all. They need ratings as much as any other TV sitcom.
gli96187 2 years ago