@Yamakashi1 1 - economy is recovering : the financial reform were poorly made, the reasons why there was a crash were not dealt with - it will happen again.
2- Asia is doing much better : Asia does good if the US buys, if US drops its consumerism...Asia will fuck itself reaaaal good
3- America rose to power and glory : sigh...cmon. I know what he meant, but im not buying that it was a good thing..
@Yamakashi1 no, im saying the temporary recovery some are observing is irrelevant in the big picture...the big picture hasnt changed - the 2008 crash will definitly happen again.
Its as if someone is in a doctors office..and the Dr. tells the person he/she has cancer - but the patient replies " But doctor, i have been feeling good for the past few weeks "
@restlys yes exactly, you're arguing the same point. I think rogers really said exactly that. it was temporary, fake. "not as bad , as he thought it'd be".
@Yamakashi1 ressources? lol buddy, China does not have the domestic consumption capacity to keep its growing economy roaring if US stops buying what china is making(See chinas trade surplus vs the states)
Then you take into consideration that the only thing keeping china relatively stable is its ability to take all these millions of farmers from the regions, find jobs in cities. If you remove that(which im basically arguing), then you have a "fuck self" event unfolding.
@restlys china also develops a lot of industries that will crash in the near years. But some will fly like the wind on upwards, because they and germany are basically the only countries left with productive capacity right now in the world. the fact that the US wont buy rubber ducks from them ,doesnt change the fact that even though everyone would take a hit,china will most likely emerge as a world leader. So what are you saying really?!
+ their prosperity is as much realistic in that aspect as is the US's. Liquidity flowing into markets doesnt necceserily mean real prosperity ,so they dont depend on the US. The US depends on getting the stuff for IOU's for as long as they can. China doesnt depend on the US by any measure ,i think u got that completely backward.
@jeremyraybrown Jim Rogers is wrong about half the time....he dont care....he is wealthy as hell......He is consistently wrong on the crash of the dollar and interest rates.....and much more.....go back and look at some of his older videos with his financial predictions
@Jacobrester The dollar is being destroyed. Interest rates are too low. The dollar hasn't crashed yet, but the path the US is going down is unsustainable. He predicted the housing crises and severe ressession perfectly. You say he's been wrong about so many things, but I don't think so. I'm seen a lot of his videos and read a lot of his statement since the early 2000s. I cannot find anything that backs your claim. I think you're distorting the truth.
@Jacobrester I've done a lot of research. You are just a fool. I'm the one with facts to back my statements. Jim Rogers has been correct all along. Where has he gone wrong? Point to something specific you jerk!
1. 1996 Buy Africa......Catastrophic advice. The Zimbabwe dollar has collapsed in the face of hyper-inflation and the economy is on its knees, leaving foreign investors holding worthless bits of paper
2. Buy agriculture (RJA, DBA) 2008.....These specific ag stocks tanked big time
3. Food shortages 2009....Jimbo said food shortages were very close in the USA.....supplies are at all time highs this year
1. Guess what, Zimbabwe had tremendous natural resources. So he thought it could be a good investment. How was he suppose to know the idiotic government would print trillions. And Zimbabwe's currency didn't collapse for over a decade after 1996, as a result of printing currency like crazy. Anyone that wasn't a fool would've pulled their investments out when the currency printing began. You distorted the facts. Nice try!
@jeremyraybrown Dude you can suck Jim Robers ass all you desire....I have seen him say he is lucky to get it right half the time.....his advice is like flipping a coin
@Jacobrester And what does this have to do with anything. Yes, he said he is the worst short term investor and he holds his assets forever. So your short term analysis of him is completely irrelevant. But that is what you are on earth, irrelevant! However, he understands the world and history and recognizes the trends in monetary policy around the world. In the long run (meaning lasting a few years or more) he is generally spot on where most are way off.
@Jacobrester Understanding the direction the world is heading is very important as you can see by all the money he's made! Apparently you think the only good advice is correctly saying what a stock will do over a very short period, which is almost always a bit of a gamble. I guess you think short term gambles are more important then long term certainty. What is wrong with your brain?!?!?!?!?!?!
2. RJA lost half its value from its 2008 peak and DBA lost about 40% of its value from its 2008 peak. I'm interested to know when in 2008 he said to buy. Either way, historically his argument is correct. Typically when you have high unemployment, dramatic devaluation of currency, and possible price fixing then that drives up agriculture costs. His investment may had been real bad for 2008, but give it another 5-10 years and you will see.
@Jacobrester So success means nothing to you. How nice. You distort everything. And you were so quick to hate on Jim Rogers I didn't even get to item 3 yet.
3. The USA is increasingly importing more food. The US dollar is diminishing in value and the worst effects of that haven't been seen yet. So, that means the cost of food goes up! Haven't you been shopping in the last few years? Plus food supply isn't keeping up with population growth which will drive up demand! Get a clue!
@jeremyraybrown The USA is the worlds largest food exporter.....take a pill....no hunger herre unless it comes purposely....and just so you know...the us dollar is not alone in its devaluation...it has been going on all around the globe
@Jacobrester Did you read @sugarpuddin88 ? Please do so and stop manipulating everything you say. My God I cannot stand you. You distort everything and you hate on someone that should of been listened to for years. Give your bull cr*p a rest and go somewhere else. I'm done arguing with you because you're pointless!!!!!!!!!!!!!!!!
@Jacobrester Lol, you sound real intelligent now. You're the one that sounds the fool. My point of you being pointless is holding true :) Keep it up loser!
@jeremyraybrown You are a child......I give you facts of his worthless advice and you throw a tantrum.......I dare you to take his advice......that is if you have any money....borrow some from your daddy
@Jacobrester I have plenty of money and invest in Gold and Silver ETFs. Yes I'm conservative but I know I will maintain purchasing power. I work hard to earn my money and do well. My dad, he can go to hell and I don't even know where he lives, so you don't know me at all you idiot! Good for you if you're a short term trader. But you still cannot discount the fact that Jim Rogers is absolutely correct about the long term direction of the USA and China. Your facts are distorted! Get a life
Asia would not do better if people in the US and UK stop buying made in china products and start making and buying products that are made in their own country's.
there is a job for every person in the US and UK, plus by the time you pay import tax and vat postage costs is it really cheaper having a product made in China than in the US ??
6 billion people on this planet earth have directly benefitted from president bush's actions ,,,,
only the fools consider bush as stupid ,,,,,
i consider him the most practical ,,,hands on ,,intelligent president ,,,who went against everyone ,,and rescued the world from the jaws of depression,,,,
its high time americans realised ,,what their president has done to them and say thank you to him ,,,and he also prevented the american crisis ,,from spreading all over the world ,,,
@23580578H printing was for the banks to keep issuing debt. that's not how a healthy economy grows. it just means governments are owned by the banks. giving out record bonuses while businesses fail and incomes stagnate ,living standarts get lower. its not a savior ,its a con. in the beginning everyone thought ponzi was a genius and all-around great guy that was giving out great ROI.
almost every economist and and buisness analysts were proven wrong on the bailout plan and government intervention ,,including ron paul ,,rogers,,and schiff,,
president bush ,,,proved to be the smartest of all ,,
he single handedly went along handing out bail outs ,,,and saved capitalism ,,,,and financial systems ,,,had banks and insurance companies were allowed to fail ,,people would have started to withdraw their insurance premuims and bank deposits back ,,,and a world havoc ensued,
president Bush saved america and and the world , from the looming great depression ,,,he just spent his way out of the depression trap ,,by engaging in bailouts ,,,of banks and insurance companies,,,
had president bush not done so [bailouts ] ,,the world economy would have gone in to a tail spin ,,,and a depression would have landed on our heads with a thud,,,,and people would have permanently lost confidence in banking and insurance systems as a whole ,,
BANK OF AMERICA IS THE MOST CORRUPT BANK IN THE COUNTRY!. Bank of America harassed me, ruined my credit, charged me over $800 in fees over a 10 day period, tried to humiliate me, and never stopped calling my house- all because of $50 overdraft!!
In one day I was charged over $250 in overdraft fees because of a company that took advantage of my bank account- BofA charges more fees than any bank in the World!
No need to be vulgar. Speculators and investors are two categories. NWO speculators like Rogers are never pro-gold. Ponzi currencies, that is how they make money.
You FUCKING idiot. Go lick out the load I pumped into ur mom's ass you cocksucker. How's that for vulgar? I bet this is the first and only Rogers video you've ever watched.
Jim Rogers is in the bed with NWO; the same goes for Buffet. Both are media icons carefully trimmed by the banking cabal for the time of crisis. They function as spreaders of false optimism and trust in the system. How could anyone trust a guy who has been in business with jewish speculant Soros, destroying European currencies? Rogers is anti-gold and he never mentioned paper money scam. Not once. He is NWO boy. Fuck Rogers.
"That's where the assets are"? ........ WHAT? Does Rogers understand the term, consumer nation? We consume assets for worthless pieces of paper. If the shit does hit the fan, we're going to be the ones with all the stuff, while these "creditor nations" will be stuck with a bunch of worthless dollars and pounds. They don't have banking accounts? They don't use credit cards? Get real, Rogers. You ARE foolish. Or just spreading disinformation for you to profit from.
Have you ever been to China? Or how do you know whether or not they have bank accounts? I don't know, you probably don't either. Jim Rogers might know a thing or two about places he invests in. And they do have assets. They're called factories. Capital goods. We have shopping malls. In the long run, I'd rather own the former.
I have not been there, but I have family members that live there and friends. They say most of them spend just like us and use credit cards, have bank accounts. Seriously, what would you expect them to do with their money? They are under a fractional reserve system just like us, they depend on credit, just like us. We have factories too. You need to understand our tech is better, more valueable. We make processors. They assemble them. They're in the same boat as us.
"China is spending even more than we do as % of GDP!"
Stupid moron, China is sitting on over $2 trillion of foreign reserves. They spend $500 billion, i.e. pocket change...We mortgage the next 3 generations with the $800 billion+ stimulus we're doing now.
You're fucking ridiculous. Before you were hating him for making what you thought were bad investments, now you're saying he's evil for buying agriculture. Agriculture will go up regardless of whether or not he buys it. I hear a lot of stuff about Soros, but politics isn't my expertise so I don't bother with that and being an atheist has nothing to do with anything. And no I haven't heard of the shanghai put. I assume that it's on gold?
Jesus Christ, when did I say that the dollar isn't tanking? You're seriously getting on my nerves. Look, I'm not going to talk to you anymore if you're my going to hop around like a retard. If you really do follow Rogers, he says that he's not buying gold right now because the IMF going to sell large amounts of it and before gold just made an all time high and there may be a correction. He is still bullish on gold long term and bearish on the dollar long term. He was with Soros, now he isn't.
I don't know which post you're responding to, but yeah I did notice that. I think that's because the IMF's gold sale was already factored into the price at 1000 so when India bought half the amount of the sale, that potential was lifted. I expect the really big purchases to come from China though.
Why is that exactly? Why does the value of gold go up when it switches hands? I'm no expert, but I don't think that's right. I'd say the reason gold has been going up is because of speculative buying. Just like oil, this is the new hot stock the media and others have been talking about.
Once again, what are you talking about? Can you show me the video or article? I've been following Jim Rogers pretty closely and I have of that. Besides, different Wall Street firms do different things. I'm sure some are short the dollar.
What do you mean the exact opposite? He's bullish on china, just no in the short term. He's bullish on gold, silver, oil...What are you talking about?
Thats funny because I'm from Jackson Michigan. Forbes Magizine had us listed as the worst small sity in the nation. Let me tell ya, its falling apart in real time. Like I'm watching it in a movie! Jim Rogers is a fuckin idiot!
Can anyone help me understand Jim's logic for buying more US dollars?
He has been saying that it's a terribly flawed currency for ages and now all of a sudden he is buying more of them - his reason being normally there is a rally when everyone is selling.
I used to enjoy watching Jim because of his sound logic, I dont understand why he is buying US dollars now, I dont understand the reasoning.
Lol Jim never did! While people are buying into the "recovery" U.S.A is experiencing. Jim did say, "What about 2010 and 2011?", in terms of what the economy will be like with all the stimulus packages backed by currency based off debt.
9.3% is for the state of NJ. Nationally it is 9.8% but you are right. If you factor in, which the BLS doesn't anymore, discouraged workers, under-employed people, people who can't find work, and those off the unemployment payrolls....it is really 16-20% nationally and not 9.8%.
Decoupling was debunked in '08? Does this idiot even know what decoupling is?
It's the development of domestic markets and consumption, it's a tectonic shift in the economic nature of a country. Did he think this was going to happen in a couple of months?!
What he meant is that the European and Asian countries were severely impacted by the collapse here in the United States. Thus debunking any theory that foreign countries would be able to prosper even though the American economy went down the toilet. Like you said, this does not take a couple of months and over time there will be decoupling.
Rogers is great but hes worth millions and isnt looking for a job. The only reason he says NY isnt that bad is because bloomberg is running for re-election and is probably friends with Jim. With all due respect, people are flocking out of NY because of its high taxes and cost of living. Im from NY and the place looks like mexico city. Its gross.
Jim Rogers thinks the economy is better than he thought by asking his fellow well off friends in NY? Well, need I say more? How can he say that 2010 is looking better when in the next breath he stated the US and UK banking systems are in trouble and the fact the US has a tremendous amount of debt. Just seems contradictory in my opinion.
we need more comments acknowledging this... i agree with most of the fundamentals spoke by Jim and peter schiff and the like, but no one talks about how asia is very much part of the world government, and of course you follow it to the top and they have come falsely in the name of Jesus, as he said they would.
Jim Rogers is surprised the US economy is in better shape than he expected. That's because he knows almost nothing about macroeconomics. He's concerned about inflation in a deflationary recession adn seems to think that the losses experienced in the economy are proportionate to the malinvestment during the boom. The fact is, the losses are much greater than the credit bubble would suggest. Even nominal US GDP never went much higher. Nominal includes inflation.
Zeldovich, do you own gold? I can see a situation where there is deflation and the gold price going up due to a zero interest rate. It could go up because it is a hedge against fiscal mismanagement and cash has no return. Depending on when they increase interest rates it will bring the price down.
I can see the budget problem solved by both deflation with low interest rates, and inflation.
You have it reversed. You hold more dollars when there's deflation, because it means the purchasing power of the dollar increases. Gold is usually a hedge against eventual inflation. You may be referring to the foreign exchange rate, which is merely heading to the baseline price level before the financial crash. It's value rose more than 30% during the crisis.
Dollars will be strong, but since they give no interest, then cost of holding gold is zero. If the cost is zero then gold can be strong too. Until interest rates change.
"The losses are much greater than the credit bubble..." suggests an economy in WORSE shape, and points to Rogers being correct in his assumptions. No?
And do you include the bailouts in those "greater losses"? In America, we're STILL paying off the S&L bailouts of the '80's.
The COMEX is a paper/futures market for gold just like oil. Traders can speculate on the future price and sell gold that they do not have. News has been swirling around that the COMEX does not actually have the physical amount that has been promised. Unless you can redeem that paper in gold you really don't have it. It's market manipulation and those who don't have their gold in their hands are going to be screwed big time. Gold should be at $10K right now once all the paper gold is gone.
His point is that yes, now things don't look too bad. Wait till 2011 though. I strongly believe people will have a feeling that things are getting better in Q1-Q2 2010. Let's see what happens after that.
I don't believe erveryone is listeling to Jim Rogers. He says he expected things to be worse, he is not saying things are turning for the better. In fact he says: wait until 2010 or 2011
well i have been in NY in the past 2 months and i agree with Jim Rogers NY does not look bad, i felt i was back in 2005. the west coast is fucked up i know i live in the west. but jim here is just saying it does not look bad but the numbers tell the true story.
This is not a change in Jim Rogers' analysis, as I was misled to believe by the title of this video. He only mentions that he expected things to be worse in the US at the current moment. He doesn't mention whether that has had an impact in his long term view of the path the country is heading to.
As long as enough producers are willing to give their earnings to moochers and looters, things will remain status quo (Which is a growing, more intrusive, more needy government.)
I don't believe JIm has changed his mind about anything....just that the stimulus has propped up our economy better than he'd expected.....we're still heading down the same road we've been on, and he knows it.
The thing with Peter Schiff though is that he tends to say the same thing. And he always beginnings a statement with "ya know". I don't really listen to his vlogs anymore because I pretty much know what he's going to say. I do still love listening to his debates though. He's relentless.
Do you want schiff to say something different everytime? Thats how you become a successful investor. You stick with a strategy and idea and ride the wave. Their stories will change when the fundamentals change for the better but thats just not happening. They are getting worse.
I understand that it's not his fault the fundamentals are getting worse, I'm just saying it's boring for me to learn it at this point. Someone who's never heard of hyperstagflation and learns of it the first time and can't sleep that night. For me, talk of stagflation put me to sleep. It's old news to me. Maybe I've overloaded on this stuff and should go out and ride my bike for a while. The one thing I would tune in to see though is Peter Schiff on Bill Maher or pwning Paul Krugman.
As the dollar weakens, we will sell more stuff to the rest of the world, this will cause a little bump in our economy. This is why they are not addressing the dollar weakness, they want the numbers to look good. Rogers said recently he moved more into the dollar because everybody is moving out, he expects a short term rally I guess, he may be right. But short term won't fix the problem.
"the economy is recovering" alright, i used to like listening to him, but now he's completely full of crap. guess that he didn't mind criticizing the economy when he stood to make huge amounts of money, but now that a break down crisis will threaten his ETF's and international commodity markets, he's changed his tune.
just as i would have expected from someone that worked with the nazi sympatizer george soros
Did you listen to what he said after that? But Let's worry about 2010 2011. Jim Rogers is a long term guy. Yes, the fed and inflation and the stimulus are making the economy recover, but it's a fake recovery, it's all false wealth. Jim knows this. He's just saying, that the US economy didn't seem to be very bad as he thought when the false wealth was created.
Btw, check out the 2009 deflation statistics. The bailout money didn't make it into the economy yet. It is the first year after so long that the US is seeing 7 months of consecutive deflation with the exception of commodities and the other usual suspects.
the best means what? for a gold bug higher gold prices. for a person with dollars, deflation.
i wouldn't say either outcome is better than the other cause the economy will arrange itself. But for me inflation would be better, so we can hope for higher inflation and higher gold prices.
Lets just hope they print the right amount of money.
Watch Lindsey Williams' 8 youtube videos on "The Energy Non-Crisis" & then the InfoWars session with him... It's a fucking slap in the face for most investors.
i think he is just being nice, he can't keep saying good things about china and say nothing good about U.S. it's more like when he come to your house for dinner, and he would tell your wife how nice house it is, but actually he doesn't really think that way, lol!
But also, it amazes me how he puts up with the business MSM in the States. He has to deal with them to get his message out. Despite that, does he ever think to himself, how much do these network "experts" get paid to ask idiotic questions like this?
Raisin taxes actually constricts business growth which brings in less dollars
However when you drop taxes it lets business grow more,aka produce more. Whenever production rises you actually bring in more tax revenues. This is known as the "Laffer Curve", its been known since at least the 20s(Possibly 100s of years)And proved over and over.
However if you ask me they want WW3 so want to break the American Psyche so they will easily except it.
Warrenn Buffett said it best: "I've worried about inflation every day since I learned about the phenomenon, 60 years ago. (Laughs.) It's always a danger, always a danger. It's never gone. It's always in remission, and question is how well do you do over time controlling it. But, the purchasing power of the dollar will go down over time." ... Now I want to see some more doomsayers realizing this.
ALL DOOMSAYERS realise that. Do you know what causes inflation???
Inflation is caused whenever you run the printing press.
Money has been increasing quite fast since we came off the gold standard. However it has MORE THAN TREBLED since 98 and that money hasnt yet entered the system. When it really starts entering the economy wait til you see how bad itll get.
/watch?v=iRbBQw1IKTQ
Oh and Warren B bought 500mil of silver. Seems to me like a inflation hedge
He did sell it. In fact he apologized to Berkshire for selling too early and then made the statement that the opportunity for silver was over. I forgot what price he said that at though.
I don't know what he did. Maybe he's been stockpiling silver in the backyard of his mansion. All I know is that he said he sold all his silver and that the opportunity to make money in silver is over. He oughta stick to stock, which is what he's good at.
Adam Smith answered your question a few centuries ago, inflation or default. UK went through the same thing during their stagflation during the 70's that led up to the "Winter of Discontent" in 1978-79. They tried to inflate the debt away and inflation got above 26%, then they tried price and wage fixing to control the local prices as they paid off foreign creditors with the inflation but the whole thing exploded and the had to get bailed out by the IMF. Margaret Thatcher was then elected.
You forgot to mention from 1979 we had full access to one of the largest oil fields in the world, the north sea. And with it, very healthy balance of payment surpluses.
Ah, I see. It's very common in the UK for thatcher supporters to simply champion her policies (sometimes wrong and disasterous) which reduced inflation and ignore the role of oil.
Agreed, I'm not a Thatcher glorifier. Thatcher is like Reagan here in America. Too much credit for fixing the fiat money disaster that was the 1970s. Most policies implemented by Reagan were not sustainable. He was one of the many architects of the Hotel of Impossible Promises built by the US govt. Just wait until Medicare comes crashing down. Our political economy is rife with such catastrophes in waiting, yet the public always seems startled and outraged when the day of reckoning arrives.
In theory I suppose we could drastically cut expenditures from all levels of government, drastically cut taxes, (for a time, say 10 years) sell millions of acres of land to foreigners, work very hard and pay down the debts over many decades.
He admits his shortcomings.
felpaluche 1 month ago
This has been flagged as spam show
ANY GROWTH BEING CLAMIED HERE ON IN, BY ANY GOVERNMENT OR CORPORATION IS AS DUMB AS THE PEOPLE BELEIVING IT, SERIOUSLY...
DEBT DRIVEN ECONOMIES ====== ARE FALSE ECONOMIES!!!!
THE SMART / WEALTHY PEOPLE WHO CAN SEE THIS CHARADE & ARE SECURING, GOLD SILVER & OTHER PRESIOUS METALS... SO KEEP TALKING DOUCHE BAGS!!!!
BullionLimitedotcom 1 year ago
it's always funny if someone one says "they're doing better" there is some odd need to try and say "no it can't be, u.s. is number one" lol...
Darusdei 1 year ago
Chew and screw. Where did you make your money asshole?
caganb 1 year ago 2
@caganb ??
Yamakashi1 1 year ago
i mostly disagree with everything that was said here...
restlys 1 year ago
@restlys how
Yamakashi1 1 year ago
@Yamakashi1 1 - economy is recovering : the financial reform were poorly made, the reasons why there was a crash were not dealt with - it will happen again.
2- Asia is doing much better : Asia does good if the US buys, if US drops its consumerism...Asia will fuck itself reaaaal good
3- America rose to power and glory : sigh...cmon. I know what he meant, but im not buying that it was a good thing..
Those or the headlines..the rest made more sense
restlys 1 year ago
@restlys you think the economy is recovering ?, cuz from what ur saying, i think ur agreeing with rogers.
Yamakashi1 1 year ago
@Yamakashi1 no, im saying the temporary recovery some are observing is irrelevant in the big picture...the big picture hasnt changed - the 2008 crash will definitly happen again.
Its as if someone is in a doctors office..and the Dr. tells the person he/she has cancer - but the patient replies " But doctor, i have been feeling good for the past few weeks "
restlys 1 year ago
@restlys yes exactly, you're arguing the same point. I think rogers really said exactly that. it was temporary, fake. "not as bad , as he thought it'd be".
Yamakashi1 1 year ago
and asia will not fuk itself. ,it will adapt. they have the resourses ,the US has debt and obligations.
3. what was a good thing?
Yamakashi1 1 year ago
@Yamakashi1 ressources? lol buddy, China does not have the domestic consumption capacity to keep its growing economy roaring if US stops buying what china is making(See chinas trade surplus vs the states)
Then you take into consideration that the only thing keeping china relatively stable is its ability to take all these millions of farmers from the regions, find jobs in cities. If you remove that(which im basically arguing), then you have a "fuck self" event unfolding.
restlys 1 year ago
@restlys china also develops a lot of industries that will crash in the near years. But some will fly like the wind on upwards, because they and germany are basically the only countries left with productive capacity right now in the world. the fact that the US wont buy rubber ducks from them ,doesnt change the fact that even though everyone would take a hit,china will most likely emerge as a world leader. So what are you saying really?!
Yamakashi1 1 year ago
+ their prosperity is as much realistic in that aspect as is the US's. Liquidity flowing into markets doesnt necceserily mean real prosperity ,so they dont depend on the US. The US depends on getting the stuff for IOU's for as long as they can. China doesnt depend on the US by any measure ,i think u got that completely backward.
Yamakashi1 1 year ago
Why does anyone pay any attemtion to Jim Rogers......he is wrong half the time
Jacobrester 2 years ago
Wrong regarding what exactly?
Perhaps you aren't aware: Rogers words are relevant only regarding "long term" assumptions
I wouldn't consider Rogers thoughts regarding any short-term assumptions - And he makes it clear that is not his point of reference
sugarpuddin88 2 years ago 2
@sugarpuddin88 Hell if you dont give me any time constraints I can claim perfection also......but it doesnt work that way.....sorry
Jacobrester 2 years ago
@Jacobrester Tell us where he is wrong then.
jeremyraybrown 1 year ago
@jeremyraybrown Jim Rogers is wrong about half the time....he dont care....he is wealthy as hell......He is consistently wrong on the crash of the dollar and interest rates.....and much more.....go back and look at some of his older videos with his financial predictions
Jacobrester 1 year ago
@Jacobrester The dollar is being destroyed. Interest rates are too low. The dollar hasn't crashed yet, but the path the US is going down is unsustainable. He predicted the housing crises and severe ressession perfectly. You say he's been wrong about so many things, but I don't think so. I'm seen a lot of his videos and read a lot of his statement since the early 2000s. I cannot find anything that backs your claim. I think you're distorting the truth.
jeremyraybrown 1 year ago
@jeremyraybrown Okay I will do your research for you and post it later
Jacobrester 1 year ago
@Jacobrester I've done a lot of research. You are just a fool. I'm the one with facts to back my statements. Jim Rogers has been correct all along. Where has he gone wrong? Point to something specific you jerk!
jeremyraybrown 1 year ago
@jeremyraybrown Jims Track Record:
1. 1996 Buy Africa......Catastrophic advice. The Zimbabwe dollar has collapsed in the face of hyper-inflation and the economy is on its knees, leaving foreign investors holding worthless bits of paper
2. Buy agriculture (RJA, DBA) 2008.....These specific ag stocks tanked big time
3. Food shortages 2009....Jimbo said food shortages were very close in the USA.....supplies are at all time highs this year
JIm says himself he is wrong half the time.
Jacobrester 1 year ago
@Jacobrester
1. Guess what, Zimbabwe had tremendous natural resources. So he thought it could be a good investment. How was he suppose to know the idiotic government would print trillions. And Zimbabwe's currency didn't collapse for over a decade after 1996, as a result of printing currency like crazy. Anyone that wasn't a fool would've pulled their investments out when the currency printing began. You distorted the facts. Nice try!
jeremyraybrown 1 year ago
@jeremyraybrown Dude you can suck Jim Robers ass all you desire....I have seen him say he is lucky to get it right half the time.....his advice is like flipping a coin
Jacobrester 1 year ago
@Jacobrester And what does this have to do with anything. Yes, he said he is the worst short term investor and he holds his assets forever. So your short term analysis of him is completely irrelevant. But that is what you are on earth, irrelevant! However, he understands the world and history and recognizes the trends in monetary policy around the world. In the long run (meaning lasting a few years or more) he is generally spot on where most are way off.
jeremyraybrown 1 year ago
@Jacobrester Understanding the direction the world is heading is very important as you can see by all the money he's made! Apparently you think the only good advice is correctly saying what a stock will do over a very short period, which is almost always a bit of a gamble. I guess you think short term gambles are more important then long term certainty. What is wrong with your brain?!?!?!?!?!?!
jeremyraybrown 1 year ago
@Jacobrester
2. RJA lost half its value from its 2008 peak and DBA lost about 40% of its value from its 2008 peak. I'm interested to know when in 2008 he said to buy. Either way, historically his argument is correct. Typically when you have high unemployment, dramatic devaluation of currency, and possible price fixing then that drives up agriculture costs. His investment may had been real bad for 2008, but give it another 5-10 years and you will see.
jeremyraybrown 1 year ago
@jeremyraybrown Give most companies 5 to 10 years and they can make progress.....no brilliant success story there
Jacobrester 1 year ago
@Jacobrester So success means nothing to you. How nice. You distort everything. And you were so quick to hate on Jim Rogers I didn't even get to item 3 yet.
3. The USA is increasingly importing more food. The US dollar is diminishing in value and the worst effects of that haven't been seen yet. So, that means the cost of food goes up! Haven't you been shopping in the last few years? Plus food supply isn't keeping up with population growth which will drive up demand! Get a clue!
jeremyraybrown 1 year ago
@jeremyraybrown The USA is the worlds largest food exporter.....take a pill....no hunger herre unless it comes purposely....and just so you know...the us dollar is not alone in its devaluation...it has been going on all around the globe
Jacobrester 1 year ago
@Jacobrester Did you read @sugarpuddin88 ? Please do so and stop manipulating everything you say. My God I cannot stand you. You distort everything and you hate on someone that should of been listened to for years. Give your bull cr*p a rest and go somewhere else. I'm done arguing with you because you're pointless!!!!!!!!!!!!!!!!
jeremyraybrown 1 year ago
This comment has received too many negative votes show
@jeremyraybrown Suck Jim Rogers ass you fag boy .....the guy is shit
Jacobrester 1 year ago
@Jacobrester Lol, you sound real intelligent now. You're the one that sounds the fool. My point of you being pointless is holding true :) Keep it up loser!
jeremyraybrown 1 year ago 2
@jeremyraybrown You are a child......I give you facts of his worthless advice and you throw a tantrum.......I dare you to take his advice......that is if you have any money....borrow some from your daddy
Jacobrester 1 year ago
@Jacobrester I have plenty of money and invest in Gold and Silver ETFs. Yes I'm conservative but I know I will maintain purchasing power. I work hard to earn my money and do well. My dad, he can go to hell and I don't even know where he lives, so you don't know me at all you idiot! Good for you if you're a short term trader. But you still cannot discount the fact that Jim Rogers is absolutely correct about the long term direction of the USA and China. Your facts are distorted! Get a life
jeremyraybrown 1 year ago
Asia would not do better if people in the US and UK stop buying made in china products and start making and buying products that are made in their own country's.
there is a job for every person in the US and UK, plus by the time you pay import tax and vat postage costs is it really cheaper having a product made in China than in the US ??
jellyboy123 2 years ago
@jellyboy123 They would be okay if we stopped buying products. They have very large populations, large enough to purchase the goods they produce.
jeremyraybrown 1 year ago
6 billion people on this planet earth have directly benefitted from president bush's actions ,,,,
only the fools consider bush as stupid ,,,,,
i consider him the most practical ,,,hands on ,,intelligent president ,,,who went against everyone ,,and rescued the world from the jaws of depression,,,,
its high time americans realised ,,what their president has done to them and say thank you to him ,,,and he also prevented the american crisis ,,from spreading all over the world ,,,
DUBAI STYLE
23580578H 2 years ago
@23580578H printing was for the banks to keep issuing debt. that's not how a healthy economy grows. it just means governments are owned by the banks. giving out record bonuses while businesses fail and incomes stagnate ,living standarts get lower. its not a savior ,its a con. in the beginning everyone thought ponzi was a genius and all-around great guy that was giving out great ROI.
Yamakashi1 1 year ago
almost every economist and and buisness analysts were proven wrong on the bailout plan and government intervention ,,including ron paul ,,rogers,,and schiff,,
president bush ,,,proved to be the smartest of all ,,
he single handedly went along handing out bail outs ,,,and saved capitalism ,,,,and financial systems ,,,had banks and insurance companies were allowed to fail ,,people would have started to withdraw their insurance premuims and bank deposits back ,,,and a world havoc ensued,
23580578H 2 years ago
mr rogers ,,,you were dead wrong ,,,,
president Bush saved america and and the world , from the looming great depression ,,,he just spent his way out of the depression trap ,,by engaging in bailouts ,,,of banks and insurance companies,,,
had president bush not done so [bailouts ] ,,the world economy would have gone in to a tail spin ,,,and a depression would have landed on our heads with a thud,,,,and people would have permanently lost confidence in banking and insurance systems as a whole ,,
23580578H 2 years ago
@23580578H
wow your a joke
Xenthoid 2 years ago
Why does Bob Chapman not trust Mr. Rogers?
Lingerfoot 2 years ago
If you don't trust Mr. Rogers who do you trust? Marc Faber??? Peace!
Lingerfoot 2 years ago
What do you mean this is the end of the Jim Rogers era? What do you mean by that? Peace!
Lingerfoot 2 years ago
he's just waiting to the correction to take place, its happening right now. He'll probably be buying it up during the holidays
Seano71 2 years ago
Children, do your parents know what you are writing on the computer?
RayMerk1 2 years ago 2
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mattt1ooo 2 years ago
@Jayho74
No need to be vulgar. Speculators and investors are two categories. NWO speculators like Rogers are never pro-gold. Ponzi currencies, that is how they make money.
SvrchovaneCechy 2 years ago
You FUCKING idiot. Go lick out the load I pumped into ur mom's ass you cocksucker. How's that for vulgar? I bet this is the first and only Rogers video you've ever watched.
Entropy137 2 years ago
@ ewffaces
And now they suspended your account. Clear evidence that Rogers is crook.
SvrchovaneCechy 2 years ago
Jim Rogers is in the bed with NWO; the same goes for Buffet. Both are media icons carefully trimmed by the banking cabal for the time of crisis. They function as spreaders of false optimism and trust in the system. How could anyone trust a guy who has been in business with jewish speculant Soros, destroying European currencies? Rogers is anti-gold and he never mentioned paper money scam. Not once. He is NWO boy. Fuck Rogers.
SvrchovaneCechy 2 years ago
Stop with the conspiracy nut nonsense, idiot.
jtravis282 2 years ago
"That's where the assets are"? ........ WHAT? Does Rogers understand the term, consumer nation? We consume assets for worthless pieces of paper. If the shit does hit the fan, we're going to be the ones with all the stuff, while these "creditor nations" will be stuck with a bunch of worthless dollars and pounds. They don't have banking accounts? They don't use credit cards? Get real, Rogers. You ARE foolish. Or just spreading disinformation for you to profit from.
bweazel 2 years ago
Have you ever been to China? Or how do you know whether or not they have bank accounts? I don't know, you probably don't either. Jim Rogers might know a thing or two about places he invests in. And they do have assets. They're called factories. Capital goods. We have shopping malls. In the long run, I'd rather own the former.
Burt1038 2 years ago
I have not been there, but I have family members that live there and friends. They say most of them spend just like us and use credit cards, have bank accounts. Seriously, what would you expect them to do with their money? They are under a fractional reserve system just like us, they depend on credit, just like us. We have factories too. You need to understand our tech is better, more valueable. We make processors. They assemble them. They're in the same boat as us.
bweazel 2 years ago
My personal opinion, you're buying into the latest asset bubble. Hope you get out before it pops.
bweazel 2 years ago
Thank you Mr Rogers. Its always a pleasure to listen to an enlightened individual. There are so few of them in America.
golfprobro4eagles 2 years ago
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tzz34 2 years ago
The only stupid fuck here is the journalist.
"China is spending even more than we do as % of GDP!"
Stupid moron, China is sitting on over $2 trillion of foreign reserves. They spend $500 billion, i.e. pocket change...We mortgage the next 3 generations with the $800 billion+ stimulus we're doing now.
benoitcaron 2 years ago
hE'S NO HES INVESTING IN CHINA U STUPID FUCK
FXThug 2 years ago
I don't really care.
Entropy137 2 years ago
You mean like how the church use to sell tickets to heaven? Or like how the vatican didn't do shit during the holocaust?
Entropy137 2 years ago
You're fucking ridiculous. Before you were hating him for making what you thought were bad investments, now you're saying he's evil for buying agriculture. Agriculture will go up regardless of whether or not he buys it. I hear a lot of stuff about Soros, but politics isn't my expertise so I don't bother with that and being an atheist has nothing to do with anything. And no I haven't heard of the shanghai put. I assume that it's on gold?
Entropy137 2 years ago
Jesus Christ, when did I say that the dollar isn't tanking? You're seriously getting on my nerves. Look, I'm not going to talk to you anymore if you're my going to hop around like a retard. If you really do follow Rogers, he says that he's not buying gold right now because the IMF going to sell large amounts of it and before gold just made an all time high and there may be a correction. He is still bullish on gold long term and bearish on the dollar long term. He was with Soros, now he isn't.
Entropy137 2 years ago
Remember that when the IMF sold 200 metric tons of gold and India quickly purchased it, gold went up.
MIT2004 2 years ago
I don't know which post you're responding to, but yeah I did notice that. I think that's because the IMF's gold sale was already factored into the price at 1000 so when India bought half the amount of the sale, that potential was lifted. I expect the really big purchases to come from China though.
Entropy137 2 years ago
If im not mistaking India bought the gold on november 4 2009 not october 12 2009. And yes im surprise china didnt buy it.
MIT2004 2 years ago
Why is that exactly? Why does the value of gold go up when it switches hands? I'm no expert, but I don't think that's right. I'd say the reason gold has been going up is because of speculative buying. Just like oil, this is the new hot stock the media and others have been talking about.
bweazel 2 years ago
Once again, what are you talking about? Can you show me the video or article? I've been following Jim Rogers pretty closely and I have of that. Besides, different Wall Street firms do different things. I'm sure some are short the dollar.
Entropy137 2 years ago
What do you mean the exact opposite? He's bullish on china, just no in the short term. He's bullish on gold, silver, oil...What are you talking about?
Entropy137 2 years ago
did Jim get a call from Soros begging him to stop educating the sheep? I think so. Or else the elite told him to stop it or else.
AEKARA27 2 years ago 10
Or he's fully invested and telling folks to follow.
TiredOldFart 2 years ago
@AEKARA27 no
Yamakashi1 1 year ago
Perhaps the private Federal Reserve warned him about slamming the US economy too bad.
moissanitestar 2 years ago 3
The Chinese are extremely careful in speaking to not offend; perhaps Rogers is absorbing some of the Chinese knack for diplomacy
sugarpuddin88 2 years ago
After he visits Michigan he should drive down to Ohio.
carb234 2 years ago 2
Thats funny because I'm from Jackson Michigan. Forbes Magizine had us listed as the worst small sity in the nation. Let me tell ya, its falling apart in real time. Like I'm watching it in a movie! Jim Rogers is a fuckin idiot!
TheSubterraneanTruth 2 years ago
Ummm the dollar ended at its lowest in months? What the fuck is this guy smoking?
Cant wait for the unemployment numbers during the recovery and the stimulus.... Should be an epic kick in the nuts.
Not to mention gold is off the charts at record highs but keep buying dollars LMAO.
theserf777 2 years ago
Can anyone help me understand Jim's logic for buying more US dollars?
He has been saying that it's a terribly flawed currency for ages and now all of a sudden he is buying more of them - his reason being normally there is a rally when everyone is selling.
I used to enjoy watching Jim because of his sound logic, I dont understand why he is buying US dollars now, I dont understand the reasoning.
gt0703 2 years ago
Where did he actually say he's buying dollars?
Entropy137 2 years ago 2
Lol Jim never did! While people are buying into the "recovery" U.S.A is experiencing. Jim did say, "What about 2010 and 2011?", in terms of what the economy will be like with all the stimulus packages backed by currency based off debt.
salchih 2 years ago
He will buy them from hell if he thinks shit is looking good!
TheSubterraneanTruth 2 years ago
Hey Jim, maybe you ought to go visit Detroit. You might have a different opinion.
maximusdecimus888 2 years ago
Damn right. Here in NJ it is 9.3% state unemployment.
Melville10 2 years ago
Is the 9.3% real unemployment numbers?
Nowadays government tends to manipulate the numbers. Its no longer tallied the way it used to be...like during the great depression.
EndTheFedRes 2 years ago
9.3% is for the state of NJ. Nationally it is 9.8% but you are right. If you factor in, which the BLS doesn't anymore, discouraged workers, under-employed people, people who can't find work, and those off the unemployment payrolls....it is really 16-20% nationally and not 9.8%.
Melville10 2 years ago
What is Detroit like?
Lingerfoot 2 years ago
Decoupling was debunked in '08? Does this idiot even know what decoupling is?
It's the development of domestic markets and consumption, it's a tectonic shift in the economic nature of a country. Did he think this was going to happen in a couple of months?!
svenp 2 years ago
What he meant is that the European and Asian countries were severely impacted by the collapse here in the United States. Thus debunking any theory that foreign countries would be able to prosper even though the American economy went down the toilet. Like you said, this does not take a couple of months and over time there will be decoupling.
baysar 2 years ago
Maybe Jim was surprised by the fact he didn't see unburied corpses in the street and teenage hookers willing to blow him for a loaf of bread.
Entropy137 2 years ago 11
@Entropy137 wtf lol
Yamakashi1 1 year ago
i want to like Rogers but there's something about him i don't completely trust
he'd like us to all forget the fact that he was (or still is) best buddies with George Soros
rh7onda7 2 years ago 2
Rogers is great but hes worth millions and isnt looking for a job. The only reason he says NY isnt that bad is because bloomberg is running for re-election and is probably friends with Jim. With all due respect, people are flocking out of NY because of its high taxes and cost of living. Im from NY and the place looks like mexico city. Its gross.
30percentplusreturns 2 years ago 4
Please explain how NY looks like Mexico City? Peace!
Lingerfoot 2 years ago
Jim Rogers thinks the economy is better than he thought by asking his fellow well off friends in NY? Well, need I say more? How can he say that 2010 is looking better when in the next breath he stated the US and UK banking systems are in trouble and the fact the US has a tremendous amount of debt. Just seems contradictory in my opinion.
networkingman 2 years ago
I'm not sure he said 2010 would be better. He was trying to warn us that current policies are going to have a negative consequences in the future.
mindcloudbeta 2 years ago
they (China) and aaalll countries are together on this. It is called the U.N. China is huge Freemasons too! Jesuits run everything!
mattandpatti222 2 years ago
we need more comments acknowledging this... i agree with most of the fundamentals spoke by Jim and peter schiff and the like, but no one talks about how asia is very much part of the world government, and of course you follow it to the top and they have come falsely in the name of Jesus, as he said they would.
dankeewolnir4042 2 years ago
LOL in the background.
FXThug 2 years ago
Spanish banks are said to be broke yet the government enables to hide this.
justjacqueline2004 2 years ago
Jim Rogers is surprised the US economy is in better shape than he expected. That's because he knows almost nothing about macroeconomics. He's concerned about inflation in a deflationary recession adn seems to think that the losses experienced in the economy are proportionate to the malinvestment during the boom. The fact is, the losses are much greater than the credit bubble would suggest. Even nominal US GDP never went much higher. Nominal includes inflation.
Zeldovich 2 years ago
Zeldovich, do you own gold? I can see a situation where there is deflation and the gold price going up due to a zero interest rate. It could go up because it is a hedge against fiscal mismanagement and cash has no return. Depending on when they increase interest rates it will bring the price down.
I can see the budget problem solved by both deflation with low interest rates, and inflation.
panther9mm 2 years ago
You have it reversed. You hold more dollars when there's deflation, because it means the purchasing power of the dollar increases. Gold is usually a hedge against eventual inflation. You may be referring to the foreign exchange rate, which is merely heading to the baseline price level before the financial crash. It's value rose more than 30% during the crisis.
Zeldovich 2 years ago
Dollars will be strong, but since they give no interest, then cost of holding gold is zero. If the cost is zero then gold can be strong too. Until interest rates change.
Gold is at a new high now.
panther9mm 2 years ago
"The losses are much greater than the credit bubble..." suggests an economy in WORSE shape, and points to Rogers being correct in his assumptions. No?
And do you include the bailouts in those "greater losses"? In America, we're STILL paying off the S&L bailouts of the '80's.
sucker4lush 2 years ago
The COMEX is a paper/futures market for gold just like oil. Traders can speculate on the future price and sell gold that they do not have. News has been swirling around that the COMEX does not actually have the physical amount that has been promised. Unless you can redeem that paper in gold you really don't have it. It's market manipulation and those who don't have their gold in their hands are going to be screwed big time. Gold should be at $10K right now once all the paper gold is gone.
harveybirdmannequin 2 years ago
His point is that yes, now things don't look too bad. Wait till 2011 though. I strongly believe people will have a feeling that things are getting better in Q1-Q2 2010. Let's see what happens after that.
marlonnews2006 2 years ago 4
I don't believe erveryone is listeling to Jim Rogers. He says he expected things to be worse, he is not saying things are turning for the better. In fact he says: wait until 2010 or 2011
nawonl 2 years ago 3
good to know, I was hoping to avoid this crash. maybe we are saved.
mrzack888 2 years ago
well i have been in NY in the past 2 months and i agree with Jim Rogers NY does not look bad, i felt i was back in 2005. the west coast is fucked up i know i live in the west. but jim here is just saying it does not look bad but the numbers tell the true story.
sickvenom1980 2 years ago 2
Standing on the streets of NY, he is just being diplomatic regarding the US economy. He knows we are screwed.
takforalt 2 years ago 5
I agree. The economy is screwed. I'm starting to wonder if Jim is starting to lose his edge.
joel1923 2 years ago 5
bull market = high commodity prices. Jim wants to sell commodities - so his sales pitch...thats all
ednan9 2 years ago
ya i'm sure thats it,he just wants to sell his fund . fucking retards
crabtrap 2 years ago
Someone probably threatened him.
elucidative 2 years ago 3
Or, something is up inside his sleeves. The business deal duty call..
overseachininadoll 2 years ago 3
This is not a change in Jim Rogers' analysis, as I was misled to believe by the title of this video. He only mentions that he expected things to be worse in the US at the current moment. He doesn't mention whether that has had an impact in his long term view of the path the country is heading to.
elnnito 2 years ago
I've been following Jim Sinclair for almost 10 years now and have quadrupled my initial investment made in 2003...
I'll stand by him!
elihew 2 years ago 2
As long as enough producers are willing to give their earnings to moochers and looters, things will remain status quo (Which is a growing, more intrusive, more needy government.)
mustang607 2 years ago
I don't believe JIm has changed his mind about anything....just that the stimulus has propped up our economy better than he'd expected.....we're still heading down the same road we've been on, and he knows it.
thane17 2 years ago 4
You think trashing NYC is a good idea?
Can you imagin the audits that would follow?
truthsabre7 2 years ago
I am not surprised by this really, he did work with George Soros before.
Blackjack555 2 years ago
So....who is good to listen to besides Mr. Rogers?
Lingerfoot 2 years ago
Peter Schiff
Youtube Channel: schiffreport
TheLiberalssuckdick 2 years ago 8
The thing with Peter Schiff though is that he tends to say the same thing. And he always beginnings a statement with "ya know". I don't really listen to his vlogs anymore because I pretty much know what he's going to say. I do still love listening to his debates though. He's relentless.
Entropy137 2 years ago
Do you want schiff to say something different everytime? Thats how you become a successful investor. You stick with a strategy and idea and ride the wave. Their stories will change when the fundamentals change for the better but thats just not happening. They are getting worse.
30percentplusreturns 2 years ago 4
I understand that it's not his fault the fundamentals are getting worse, I'm just saying it's boring for me to learn it at this point. Someone who's never heard of hyperstagflation and learns of it the first time and can't sleep that night. For me, talk of stagflation put me to sleep. It's old news to me. Maybe I've overloaded on this stuff and should go out and ride my bike for a while. The one thing I would tune in to see though is Peter Schiff on Bill Maher or pwning Paul Krugman.
Entropy137 2 years ago
Comment removed
pvutskos 2 years ago
marc faber
moneyXer 2 years ago
Sir, aren't Marc Faber and Jim Rogers good friends? Why do you think that Mr. Rogers changed his mind?
Lingerfoot 2 years ago
Other than Peter Schiff...
Marc Faber
Tom Woods (an economist, not an investment adviser/commentator)
CBound 2 years ago
Mish Shedlock
sliqer 2 years ago
As the dollar weakens, we will sell more stuff to the rest of the world, this will cause a little bump in our economy. This is why they are not addressing the dollar weakness, they want the numbers to look good. Rogers said recently he moved more into the dollar because everybody is moving out, he expects a short term rally I guess, he may be right. But short term won't fix the problem.
PressForFreedom 2 years ago
"the economy is recovering" alright, i used to like listening to him, but now he's completely full of crap. guess that he didn't mind criticizing the economy when he stood to make huge amounts of money, but now that a break down crisis will threaten his ETF's and international commodity markets, he's changed his tune.
just as i would have expected from someone that worked with the nazi sympatizer george soros
proxy4718 2 years ago 2
Sir, who do you listen to now? I would like to find someone else to listen to also.
Lingerfoot 2 years ago
I like Mish Shedlock
sliqer 2 years ago
Did you listen to what he said after that? But Let's worry about 2010 2011. Jim Rogers is a long term guy. Yes, the fed and inflation and the stimulus are making the economy recover, but it's a fake recovery, it's all false wealth. Jim knows this. He's just saying, that the US economy didn't seem to be very bad as he thought when the false wealth was created.
Betty5150 2 years ago 5
Btw, check out the 2009 deflation statistics. The bailout money didn't make it into the economy yet. It is the first year after so long that the US is seeing 7 months of consecutive deflation with the exception of commodities and the other usual suspects.
sliqer 2 years ago
The longer there is deflation in the system, the more money they will print. And by the time they notice inflation it may be too late.
panther9mm 2 years ago
lets hope for the best
sliqer 2 years ago
the best means what? for a gold bug higher gold prices. for a person with dollars, deflation.
i wouldn't say either outcome is better than the other cause the economy will arrange itself. But for me inflation would be better, so we can hope for higher inflation and higher gold prices.
Lets just hope they print the right amount of money.
panther9mm 2 years ago
Watch Lindsey Williams' 8 youtube videos on "The Energy Non-Crisis" & then the InfoWars session with him... It's a fucking slap in the face for most investors.
sliqer 2 years ago 2
glad he's positively surprised by new york
nypdaniel 2 years ago
i think he is just being nice, he can't keep saying good things about china and say nothing good about U.S. it's more like when he come to your house for dinner, and he would tell your wife how nice house it is, but actually he doesn't really think that way, lol!
blackghost10sg 2 years ago 2
lol one more proof that Jim Rogers is a change/disinfo agent. I'm pretty sure he got tackled by the illuministes as he made it to NY.
ninjaguy123 2 years ago
So who do you listen to?
Lingerfoot 2 years ago
Max Keiser, John Williams, Bob Chapman, Peter Schiff.
ninjaguy123 2 years ago 4
Yes, he's being diiplomatic.
But also, it amazes me how he puts up with the business MSM in the States. He has to deal with them to get his message out. Despite that, does he ever think to himself, how much do these network "experts" get paid to ask idiotic questions like this?
whereismybailouttv 2 years ago 3
Raisin taxes actually constricts business growth which brings in less dollars
However when you drop taxes it lets business grow more,aka produce more. Whenever production rises you actually bring in more tax revenues. This is known as the "Laffer Curve", its been known since at least the 20s(Possibly 100s of years)And proved over and over.
However if you ask me they want WW3 so want to break the American Psyche so they will easily except it.
Heres a vid mentioning curve ?v=491_5WxfcgI
AtheistThatsATheist 2 years ago
Warrenn Buffett said it best: "I've worried about inflation every day since I learned about the phenomenon, 60 years ago. (Laughs.) It's always a danger, always a danger. It's never gone. It's always in remission, and question is how well do you do over time controlling it. But, the purchasing power of the dollar will go down over time." ... Now I want to see some more doomsayers realizing this.
sliqer 2 years ago
ALL DOOMSAYERS realise that. Do you know what causes inflation???
Inflation is caused whenever you run the printing press.
Money has been increasing quite fast since we came off the gold standard. However it has MORE THAN TREBLED since 98 and that money hasnt yet entered the system. When it really starts entering the economy wait til you see how bad itll get.
/watch?v=iRbBQw1IKTQ
Oh and Warren B bought 500mil of silver. Seems to me like a inflation hedge
AtheistThatsATheist 2 years ago
Then Warren B. sold that silver waaaay too early.
CBound 2 years ago
He hasnt sold the silver yet from what ive heard.
And looking at my comment i meant money has trebled since 08 not 98
AtheistThatsATheist 2 years ago
He did sell it. In fact he apologized to Berkshire for selling too early and then made the statement that the opportunity for silver was over. I forgot what price he said that at though.
Entropy137 2 years ago
he probably sold it to himself.
panther9mm 2 years ago 3
I don't know what he did. Maybe he's been stockpiling silver in the backyard of his mansion. All I know is that he said he sold all his silver and that the opportunity to make money in silver is over. He oughta stick to stock, which is what he's good at.
Entropy137 2 years ago
Ho ho ho, you are not kidding... right?
overseachininadoll 2 years ago
OK, he is being diplomatic. Can say stuff too harsh while he's in NYC.
overseachininadoll 2 years ago
its always gonna get bad 'in the future' isn't it jimmy!
CelticReject 2 years ago
as long as our gov't stays the same, yes
soundmoneyfan 2 years ago 5
How would the US pay back the debt? Raise taxes?
somaking77 2 years ago 2
Adam Smith answered your question a few centuries ago, inflation or default. UK went through the same thing during their stagflation during the 70's that led up to the "Winter of Discontent" in 1978-79. They tried to inflate the debt away and inflation got above 26%, then they tried price and wage fixing to control the local prices as they paid off foreign creditors with the inflation but the whole thing exploded and the had to get bailed out by the IMF. Margaret Thatcher was then elected.
soundmoneyfan 2 years ago 4
You forgot to mention from 1979 we had full access to one of the largest oil fields in the world, the north sea. And with it, very healthy balance of payment surpluses.
historyboy12 2 years ago 3
For sure, I left out plenty. The 500 word limit is a mixed blessing.
soundmoneyfan 2 years ago
Ah, I see. It's very common in the UK for thatcher supporters to simply champion her policies (sometimes wrong and disasterous) which reduced inflation and ignore the role of oil.
historyboy12 2 years ago
Agreed, I'm not a Thatcher glorifier. Thatcher is like Reagan here in America. Too much credit for fixing the fiat money disaster that was the 1970s. Most policies implemented by Reagan were not sustainable. He was one of the many architects of the Hotel of Impossible Promises built by the US govt. Just wait until Medicare comes crashing down. Our political economy is rife with such catastrophes in waiting, yet the public always seems startled and outraged when the day of reckoning arrives.
soundmoneyfan 2 years ago
"Our political economy is rife with such catastrophes in waiting"
Yup. 2010 State budgets come to mind. The federal government will end up bailing out 40 out of 50 states.
kja5 2 years ago 3
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oc5nsli341nforce4 2 years ago
In theory I suppose we could drastically cut expenditures from all levels of government, drastically cut taxes, (for a time, say 10 years) sell millions of acres of land to foreigners, work very hard and pay down the debts over many decades.
CBound 2 years ago