During this 50+ minute discussion, which listeners will not find anywhere else on the internet, Jim and Doug discuss today's world economic and financial situation within the context of financial history and past financial panics. Similarities to the past from other financial panics throughout history are discussed along with the US' similarities to the Roman Empire, British Empire and Soviet Union.
Jim and Doug talk about central planning, central banking, big government and how governments have only 3 real options to raise money.
Next, Jason asks Doug and Jim about competing currencies like Bitcoin, gold and silver and whether they will be allowed under any circumstance. Jason also asks Doug and Jim if the SDR will be implemented and if people will allow a one world currency.
Jason asks Jim and Doug about the turmoil in the currency and bonds markets.
Doug and Jim also talk about commodities like farmland, cattle, gold and other natural resource investing opportunities.
Finally, Jason asks Jim and Doug why does banking and finance make so much more money than other industries and is this sustainable?
Jim Rogers was in Singapore and Doug Casey was in Argentina. We apologize for the audio going in and out sometimes and Jim Rogers was also on his exercise bike during the entire interview. We are grateful for his time on an exercise bike or not.
- Source, Wall St for Main St: