Friday, March 24, 2017

Jim Rogers Prophesizes the Death of cash & Total Government Control

The time will come when you won't be able to buy a cup of coffee without being traced, warns investment guru Jim Rogers. To control people, governments will increasingly seek to hunt down cash spending, he adds.

“Governments are always looking out for themselves first, and it's the same old thing that has been going on for hundreds of years. The Indians recently did the same thing. They withdrew 86 percent of the currency in circulation, and they have now made it illegal to spend more than, I think it's about $4,000 in any cash transaction. In France you cannot use more than, I think it's a €1,000,”said Rogers in an interview with MacroVoices Podcast.

“Many countries are already doing this. Some states in the US you cannot make cash transactions above a certain amount. Governments love it. Then they can control you. If you want to go and buy a cup of coffee, they know how many you drink, where you buy them, etc., if they can all put it into electronic formats and they will. The world is all going electronic,” the investor said.

According to Rogers, governments will claim they are doing it for the public good, not for themselves.

“When it's done, the governments are going to be very, very happy they are going to say they're doing it for our own good, this is not them, this is for our good. That they're doing this, but it’s coming, and it's going to be a whole different world in which we live. Probably we are not going to have as many freedoms as we have now even though we are already losing our freedoms at a significant pace,” Rodgers told the radio.

This month, the European Commission proposed a bill targeting cash payments.

"Payments in cash are widely used in the financing of terrorist activities… In this context, the relevance of potential upper limits to cash payments could also be explored. Several Member States have in place prohibitions for cash payments above a specific threshold," said the Action Plan.

Jim Rogers is an American businessman, investor, and financial commentator, currently based in Singapore. Rogers made his name in the 1970s after founding a top-performing fund with George Soros.

- Source, Russia Today

Tuesday, March 21, 2017

Jim Rogers Positioned for Global Financial Meltdown

Renowned investor Jim Rogers says the markets could be in for a “good time” if President Trump delivers on his promises to cut taxes and regulation and build up U.S. infrastructure.

“So far he’s said some good things,” Rogers told the FOX Business Network. “He said he’s going to cut taxes, he says he’s cutting regulations, he says he’s going to build infrastructure—all of that is great.”

During an interview on Mornings with Maria just a day earlier, Treasury Secretary Steven Mnuchin said the prospect of Trump’s economic policies have led to gains in the stock market and U.S. dollar, but Rogers said he’s “long” on the dollar based on his view that Trump could potentially start a trade war and create chaos in the financial markets.

“I am long on the dollar because I expect turmoil in world financial markets and people are looking for a safe haven,” he said. “It’s going to get overpriced; it might even turn into a bubble.”

- Source, Fox Business

Saturday, March 18, 2017

Jim Rogers Talks Donald Trump, China, Oil & Korea

Jim Rogers Talks Donald Trump, China, Oil & Korea

By everything, he means U.S. stocks, which rode Trump’s coattails to record levels following his November victory on euphoria over Trump’s promises to cut taxes, eliminate regulations and boost infrastructure spending.

Sunday, March 12, 2017

Jim Rogers: I expect turmoil in world financial markets

Rogers Holdings Chairman Jim Rogers on the potential impact of President Trump's policies on the markets.

- Source, Fox Business

Thursday, March 9, 2017

Dollar Commodities & Interest Rates in 2017

Jim Rogers sits down in this most recent interview and lays out the course for 2017. Will the dollar move higher or lower, will gold and silver resume their bull market? Or will the FED bring it all crashing down on our heads by jacking interest rates higher? 

Monday, March 6, 2017

We're About To Have The Worst Economic Problems Of A Lifetime

Erik Townsend welcomes Jim Rogers back to MacroVoices. Erik and Jim discuss:

Jim Rogers interview begins at --- 12:32

-- What’s in store for the U.S. Equity Markets?
-- Outlook on the U.S. Dollar
-- Is the 35-year bond bull market over?
-- Where are junk bonds going?
-- History of government failures
-- His views on the global populist movements
-- Is there war on the horizon?
-- Are the Russian’s being scapegoated?
-- Update on his views on gold
-- His views on movement to cashless society
-- Are we moving away from a free society?