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Jim Rogers - A Holocaust is Coming

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Uploaded on Mar 17, 2011

For the latest Jim Rogers, go to http://JimRogersBlog.com -

The economic stabilization plans are absurd. The planners like Bernanke and Paulson have been dead wrong every single time. Why would you listen to them? Japanese Yen and Swiss Francs are most certainly better than dollars.

Not a good idea to buy equities. Those are not going to come out on top. You want to buy things where the fundamentals are unimpaired. Most equities have impaired fundamentals. Commodities are the asset with the strongest fundamentals.

It is absurd that average people had to bail out young guys on Wall Street who are driving sports cars. They were incompetent at best and criminals at worst.

We had the worst excesses in the credit market in world history. We are going to have to take some pain. Never before in world history could people buy houses with no money down. It is time to be more realistic.

It would be nice if the G20 leaders would leave us alone and just have a beer rather than holding more meetings. Eventually the bond markets will collapse. These guys are engineering an inflationary holocaust because they don't know what else to do.

People need to save money and keep their powder dry to look for opportunities. When you print gigantic amounts of money and flood the world with money, that has historically led to inflation. Right now everything is being deleveraged, but that is temporary and the inflation will show up.

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