Trade Wars Leading to Military Wars

Scott talks with Jim Rogers about Red Capitalism, the market for commodities, and trade wars leading to military wars.

- Source, Scott Horton

Has Bitcoin Entered Into Bubble Territory?

The world has a money problem. People are losing confidence in governments and their currencies, Rogers says. At these times throughout history, people have moved their focus to gold and silver.

- Source, SD Bullion

Jim Rogers: Worst Crisis in Our Lifetimes

The legendary investor says the Internet will change money as we know it. Will Bitcoin be the change? Possibly, however, Bitcoin looks like a bubble right now, he says. “Bubbles can go on a long time, and they often do,” Rogers notes. “Just because it looks like a bubble doesn’t mean its the end of the story.” The world has a money problem. 

People are losing confidence in governments and their currencies, Rogers says. At these times throughout history, people have moved their focus to gold and silver. 

The Fed is expected to raise rates soon, and possibly a few times in 2018. Rogers says raising rates could be a catalyst for a stock market crash. Gold and silver will crash along with the stock market initially. 

However, he hopes at that time he’ll be smart enough to buy more. “Before this is over,” he says, “gold and silver are going to get very over priced.”

- Source, Finance and Liberty

Jim Rogers: Bitcoin Looks Like a Bubble

Rogers Holdings Chairman Jim Rogers on bitcoin and where to put your money in today's markets. He states that he believes Bitcoin is currently in a bubble.

- Source, Fox Business

Billionaire Investor Jim Rogers Predicts Global Bear Market Collapse

As creator of the Rogers International Commodities Index (RICI), Rogers has seen the ins and outs of global markets, central banks and government institutions. Like so many other renowned investors, he isn't completely sold on bitcoin and cryptocurrencies as long-term holds.

“Governments don't like cash because it's expensive and because they can't control you as much,” Rogers told Stansberry. “Everyone's going to get rid of cash. Governments could issue their own cryptocurrency to control people. Governments like to have all the power themselves.”

Rogers thinks cashless societies are the future – whether bitcoin is the solution or not.

“People in China don't have paper money,” Rogers said. “They buy a cup of coffee, put their phone on the sensor, and it's paid for. They look at me funny when I say I have cash and want to pay. They say, 'We don't want to take cash. Cash is not efficient.' My children will never go to a bank, post office, or maybe even to a doctor when they're adults. The computer and the Internet are going to change money as we know it.”

Stansberry and Rogers didn't hold back in predicting a global economic collapse in the near future given insurmountable consumer debt levels.

“The next financial problem will be the worst in my lifetime because there's so much debt,” Rogers said. “The debt is much higher than in 2008. America is the largest debtor nation in the world. Japan has staggering debt. They have a declining population and debt that's going through the roof. If I were a 10-year-old Japanese, I'd get myself an AK-47, and I'd leave.”

The conversation wasn't all business and finance. Rogers touched on his previous relationships – including those with his ex-wives and business partners.

“I have not seen nor spoken to [Quantum Fund co-founder] George Soros in 37 years,” Rogers said. “You might as well ask me about my first wife. I don't know what he's up to. Occasionally, I read about him in the press. I've been a little bit better with money than I have with women. I got a good woman now, but I've certainly made plenty of mistakes.”

- Source, The Daily Telescope

Governments Hate Cash, Seek to Control People With Cryptocurrencies

International investor Jim Rogers thinks cashless societies are the future, whether the controversial digital currency bitcoin is the solution or not.

“Governments don't like cash because it's expensive and because they can't control you as much,” Rogers recently told the Stansberry Investor Hour.

“Everyone's going to get rid of cash. Governments could issue their own cryptocurrency to control people. Governments like to have all the power themselves,” said Rogers, who co-founded the Quantum Fund with George Soros in 1973

The creator of the Rogers International Commodities Index (RICI) isn't completely sold on bitcoin and cryptocurrencies as long-term holds.

“People in China don't have paper money,” said the best-selling author of various financial books.

“They buy a cup of coffee, put their phone on the sensor, and it's paid for. They look at me funny when I say I have cash and want to pay. They say, 'We don't want to take cash. Cash is not efficient,'" the chairman of Rogers Holding Inc. said.

"My children will never go to a bank, post office, or maybe even to a doctor when they're adults. The computer and the Internet are going to change money as we know it,” Rogers said.

Rogers also repeated his mantra of a looming economic collapse.

“The next financial problem will be the worst in my lifetime because there's so much debt,” Rogers said.

“The debt is much higher than in 2008. America is the largest debtor nation in the world. Japan has staggering debt. They have a declining population and debt that's going through the roof. If I were a 10-year-old Japanese, I'd get myself an AK-47, and I'd leave.”

To be sure, Reuters reported that cryptocurrency exchanges – where virtual currencies are bought, sold and stored – have become magnets for fraud and deception. More than 980,000 bitcoins – the most popular virtual currency – have been stolen since 2011. Today they would be worth about $5 billion.

Similar large sums are pouring into initial coin offerings. From January through September, ICOs generated $2.2 billion, more than three times the amount invested in similar startups by traditional venture capital firms, according to Novum Insights, a data provider.

ICOs can be a way for technology projects to raise money online to finance the development of new, open-source computer networks that aren’t necessarily looking to make a profit. Contributors receive new digital coins, or tokens, which they typically need to “pay” to access the new networks.

But the recent flurry of ICOs raising millions of dollars has attracted some dubious business propositions and outright scams, as well as speculators looking to trade the coins for swift gains. Authorities in the United States, Switzerland, China, Singapore and other nations have begun scrutinizing the sector closely for potentially tougher regulation.

“Most ICOs are bought by people looking to ‘flip’ their tokens to a greater fool for a quick profit,” said Alistair Milne, a co-founder of the London-based Altana Digital Currency Fund, which so far has avoided ICOs. More than “90 percent will fall to have a near-zero value in time,” he predicted.

The new cryptocurrencies function through a technology called blockchain, essentially a public ledger maintained by a network of computers. 

Blockchain applications are being tested by financial services firms, food suppliers, retailers and other businesses as a way to make record-keeping simpler and cheaper. Tezos aims to be a blockchain that’s more reliable than the ones behind bitcoin and ether. 

Several entrepreneurs and investors in the blockchain industry said the Tezos technology has potential because it would be easier to upgrade and may be more secure than other blockchains.

- Source, NewsMax

Jim Rogers Believes Cryptocurrencies Will Replace Banks and Cash

Veteran investor Jim Rogers believes that banks must invest in the financial technology (fintech) space or they face being replaced.

Chairman of Rogers Holdings and Beeland Interests, Inc. and co-founder of the Quantum Fund, the American businessman said that traditional banks need to improve their situation in the face of the growing fintech space.

Speaking to China Daily, he said:

My children will never walk into a bank when they become adults as by then all the banks along the streets will be replaced by computers and certainly mobile phones.

Rogers appears to be a supporter of the fintech sector. According to the report, he has invested in Hong Kong-based ITF Corporation, the world’s first financial technology bank founded by Hui Jie Lim. It’s hoped that operations will start next year. Rogers has also invested in Tiger Broker, a Chinese online brokerage.

Veteran investor Jim Rogers believes that banks must invest in the financial technology (fintech) space or they face being replaced.

Chairman of Rogers Holdings and Beeland Interests, Inc. and co-founder of the Quantum Fund, the American businessman said that traditional banks need to improve their situation in the face of the growing fintech space.

Speaking to China Daily, he said:

My children will never walk into a bank when they become adults as by then all the banks along the streets will be replaced by computers and certainly mobile phones.

Rogers appears to be a supporter of the fintech sector. According to the report, he has invested in Hong Kong-based ITF Corporation, the world’s first financial technology bank founded by Hui Jie Lim. It’s hoped that operations will start next year. Rogers has also invested in Tiger Broker, a Chinese online brokerage.

Even though his investments in these projects have yet to present any profits, he is confident of where the industry is heading.

He also believes that digital currencies could change how we see money in the next 10 to 20 years. Even though he hasn’t invested in the crypto market Rogers is of the opinion that governments could issue their own cryptocurrencies in the future.

His comments come at a time after predicting that a market crash will occur in the next few years.

Speaking with the Business Insider in June, Rogers said that ‘some stocks in America are turning into a bubble’ and that with the bubble will come a collapse. When questioned what will trigger it Rogers said that it could be an American pension that goes broke or a country that’s not being looked at. He cites Iceland and Ireland’s financial crisis as examples. 

When asked how big the crash would he, he said:

It’s going to be the worst in your lifetime.

- Source, Crypto Coin News

Get Financial Advice From People Who Actually Have Built Something, Not Salesmen

Bad advice will pollute your brain. So if you’re trying to build a successful business or invest to win wouldn’t you want to hear from people who have done it and succeeded? Legendary investor Jim Rogers joins Robert to discuss the best investment opportunities available today.

- Source, Rich Dad Poor Dad

Jim Rogers Unplugged on Gold, Debt Jubilee, & Bitcoin

Porter and Buck welcome investing legend and best-selling author Jim Rogers for an exclusive extended interview. Jim calls in from Singapore to tell you about the first time he met Porter 20 years ago, his latest thoughts on gold, and what he sees as the “first shoe to drop” in a debt jubilee scenario. 

Porter asks Jim about bitcoin, cryptocurrencies, and the advanced adoption of digital payments in Asia. Jim reveals that he regrets not buying any bitcoin, and you’ll be surprised at what he thinks governments could do with cryptos. Porter asks Jim if he had to invest all his money in one type of asset, what would it be?

- Source, Stransberry Investor Hour

Could the Financial System Collapse by Year End?

Jim Rogers breaks down how unstable the markets have truly become. Could markets collapse by year end? Obviously this is unlikely, but what is true, is that any day a spark could be triggered, that leads to its downfall.

- Video Source

Jim Rogers: The End of Gold and the Rise of Bitcoin is it True?

Jim Rogers discusses the value of owning both Bitcoin and Gold in these unstable times. What is better, or are they equal in all qualities? Jim Rogers breaks these down and discusses in much greater detail.

- Video Source

Jim Rogers Predicts Worst Crisis In His Lifetime

The Worst Stock Market Crash in Your Lifetime Is Coming

Everyone Should Own Gold, But I'm Not Buying Now...

Jim Rogers discussed the current state of gold and the markets that surround it. He states that everyone should have gold included in their portfolio, at least in some degree. Unfortunately, he doesn't like what he is seeing at this current time and is not adding to his position, yet.

- Video Source

Jim Rogers: Why You Should Buy Something That Is Hated

Legendary independent Investor, Jim Rogers, joins Steve Diggle, to talk about his career and how he sees the world now. Jim identifies the sectors and countries that he’s bullish on, with some incredible insight into how his life experiences have shaped his world view.

- Source, Real Vision

Edge of The Cliff: The Big Story

With sky high equity valuations, economic uncertainty, plus concerns over interest rates, central bank reactions and debt, the risks are rising. With a stellar cast, featuring some of the greatest investors on the planet, The Big Story - Edge of The Cliff, examines the potential for a major market correction and what that means for investors, in a world of complacency and compressed volatility. Filmed in September 2017.

- Source, Real Vision Television

Unlike Fiat Money, Gold is a Permanent Store of Value

Jim has been a long-time gold holder. And he believes everyone should hold gold – at least as an insurance policy.

“Everybody should have coins, physical coins, as an insurance policy, as an emergency, if nothing else. You hope you never need them. But you’ve got to start by owning gold coins, coins that are recognized all over the world.”

History has proven time and again that gold is one of the best ways to hedge your portfolio – that is, to protect it when stock markets everywhere fall. And, unlike paper money, gold is a permanent store of value. Gold has withstood history and maintained its inherent value. It’s durable, easy to transport, looks the same everywhere, and it’s easy to weigh and grade. In short, gold is insurance against financial calamity.

But what about investing in gold today? Jim says he’s not selling, but he’s not buying right now either.

“I’ve owned gold for many, many years. I’ve never sold any gold. I haven’t bought any serious gold since 2010. Before this is over, gold is going to turn into perhaps a bubble. It’s certainly going to get very, very, very overpriced. I’m not buying it now. But short of war, I expect another opportunity to buy gold and silver. And if it happens, I hope I’m smart enough to buy a lot.”

When the time comes, Jim believes gold coins are the best way to buy gold. But if you want to make big profits, look at gold futures and miners.

“You should have physical possession of some gold coins. After that, gold futures are the best way if you want to make money and you’re a good trader. Gold futures, that’s where you can get the most leverage, unless you can find the right gold mine. But there are hundreds of gold mines. So if you find the right gold mine, do it. But otherwise, have some gold coins in your closet or in your safety deposit box or both. And then learn about gold futures because that’s the way to make a lot.”

Like Jim, we’re fans of owning physical gold. But if you can stomach the volatility, my preferred way to invest in gold stocks is through a gold-mining ETF like the Sprott Gold Miners Fund.

As I told you earlier, it pays to listen to Jim. So I hope his latest ideas will serve you well.

- Source, Business Insider

Jim Rogers: Why Agriculture Should Be on Your Radar

Markets are more predictable than most people think. Stocks, sectors and markets rise and fall over time on repeat (as we’ve written before). For investors, it’s tempting to think that because a sector has been rising for some time… it will keep going up. Or that because another has been bearish for a while… that it won’t ever improve. This is called “status quo bias” – and it’s one of the most dangerous emotions in investing.

One sector that has been bearish for a long time is agriculture. It is down around 30 percent over the last two decades. But what goes up must come down (and vice-versa). Jim understands this, and that’s why he’s bullish on agriculture.

“Often throughout history if you find things that are disasters and you buy them, you may lose money first or you may go bankrupt first, but usually you make a lot of money in the end. It’s not the first time we’ve had big cycles in agriculture, in real assets, and probably not be the last time either.”

We’ve said something similar before: Often the best time to invest is when things are at their worst. That’s because shares are cheap when market confidence is low. And, since markets move in cycles, those cheap shares are bound to rise in value sooner or later.

If you want to follow Jim’s lead and buy into agriculture, he recommends the ELEMENTS Rogers International Commodity Agriculture ETN.

- Source, Business Insider

Legendary Investor Jim Rogers on Why You Need Physical Gold Today

Millennials (or, for that matter, young people – regardless of the generation) often get a bad press. But, in a bull market, Jim Rogers believes that under-35s can make serious gains because of their fearlessness.

“When things are going right, we all need a 26-year-old. There’s nothing better than a 26-year-old in a great bull market, especially in a bubble, because they’re ’fearless‘. To youthful investors, a bull market will never end…”

Now, that’s great in a bull market. But in stormier weather when things are going south, Jim thinks that older (and perhaps wiser) heads should take the helm because fearlessness can be very dangerous in a bear market.

As Jim says, most of these under-35s don’t know why they made money in the first place. So they don’t know why they lose money.

“The most dangerous time is when you’ve had a great success because you really think you’re smart, and you’re immediately looking for what’s next. And that’s when you should close the windows and go to the beach or do anything to get away.”

In short, during uncertain times, sometimes the best thing to do is nothing. And part of doing nothing is holding what’s maybe one of the most-hated assets of all: Cash. It doesn’t earn anything, inflation eats away at it, central banks can’t stop printing it, and you’re denying yourself the magic of compounding if you’re holding cash.

But cash is the perfect hedge. You don’t have to worry about the market crashing if you have a lot of cash.

Now, we don’t recommend ever pulling out of the market completely, as we’ve written before. But if the market starts looking uncertain, think about raising a little cash.

- Source, Business Insider, Read More Here

Jim Rogers Tells ETF Holders: The Next Bear Will Be Horrendous

Many investors believe that, with volatility at record lows and valuations at record highs, a major shock is imminent. However, these same investors have been burned by uncooperative markets, as an expected selloff has yet to materialize.

Rogers said he stumbled into his first job on Wall Street, but ended up falling in love with it because it allowed him to “follow the world and know about things.”

He added that, over his investing career, Roger's has learned that he has a tendency for his calls to be early. So now when he makes an investment decision, he waits six months before buying.

SD: How do you know the difference between being early and being wrong? Because -

JR: You teach me that, OK? I'd like to know. I'm still trying to learn.

SD: I really don't know, either. I mean, one of the things that has confounded, I think, all of us in this most recent unprecedented rally - I mean, it's not unprecedented in history, but the sort of things that have gone up and the level of volatility we've had that's been unprecedented. The only period that I can compare it to are the late 90s, where just everything in a certain area went up. Now it was almost-- at least in the States, it's almost everything across the board. And there have been plenty of people who've wanted to short the FANGs, to short some of the tech stocks, to short some of these very expensive blue chips. And they've been very badly punched.

And then even in the face of very good mutual fund investors, people with tremendous track records like Grantham Mayo, who have moved to a higher cash position - they've seen massive reductions, because their own investors don't seem inclined to stick around and see how it plays out. So both on a personal and professional level, being early seems to be incredibly painful and destructive to your business.

JR: Sure can.

SD: So if you've got a conviction, do you wait for a change in momentum? Do you use moving averages, which is something that I know people have been used, and I've used something myself, which is to wait until the 5 and 20-day diverge, and that gives you a signal that momentum's coming out of a trade? Or do you just need to size it to a degree which you can be persistent?

JR: Well, I usually - since I know I'm always early, I make a decision and then wait, and just make myself wait a month, six months, whatever it happens to be. And I'm still too early. I'm still too early nearly always, because I make the decision too soon, I realize. So maybe I better start making the decision later in life. Sometimes, you just have to throw in the towel. Especially on the short side, you have no choice. If they're just racing against you all the time, you can sit there and meet the margin calls all day long, but one of the old adages is, never beat a margin call, which you may have heard from old-time traders. If you've got a margin call, just don't meet it, because that means something is very seriously wrong.

SD: Right, that's your stop loss.

JR: Yeah, well, stop losses are usually before a margin call comes. But I want to go back to something you said. You're not as experienced as I am, obviously, because you're not as old as I am, is what I'm saying. But I remember in the early 70s, there was something called the Nifty 50, and they were 50 stocks that everybody - the JP Morgan bought everyday. Didn't matter. Avon, Xerox, IBM - they were stocks that always were eternal growth stocks.

And they just kept - we would short them, and they just kept going up. They never stopped. Polaroid-- that was another. And they just never stopped going up. Everything else stopped going up but those Nifty 50, which would be something like the FANGs today, or maybe in the late 90s, some of the other kinds of stocks. So this has happened before in market history. They eventually crack, there's no question.

And to today, if you look at the S&P 500, for instance, in the US, I think there are only 40 or 45 stocks that are above their 50-day moving average, to use technician's kind of talk. Everything else is in a downtrend. And yet the market is making all-time highs.

SD: And so there's a lack of breadth in the market.

JR: Definitely that lack of breadth. What is that - over 90% of the stocks are in downtrends. 10% are in uptrends, but they're big companies. And since the S&P is capitalization weighted, those 50 stocks, 40 stocks, whatever it is, dragged the average to all-time highs.

- Source, Zero Hedge, Read More Here

Jim Rogers Deutsche Bank is Broke, Derivatives Collapse Coming

The biggest danger that our modern day, financial world faces at this time is the massive amount of derivatives that now exist. This has the ability to completely unravel our system as we know it, and Jim Rogers breaks down how to best prepare for it, if you can even do so.

- Video Source

Bitcoin and Crypto Currencies Addressed by Jim Rogers

In this clip from our show 'Believe', we help you with “Money & Business.“ "Bitcoin & Cryptocurrencies Addressed by Jim Rogers, Billionaire Investor" 

• Thoughts on the surging Bitcoin & cryptocurrencies by the great investor Jim Rogers 

• A Billionaire’s perspective on why Bitcoin may or may not be “in a bubble 

• Is Bitcoin a good method to “take control away” from governments? Or could governments “pull the plug” on cryptocurrencies? 

Jim Rogers weighs in...

- Source

Jim Rogers: Market Warnings for All Investors

Jim Rogers issues a market warning to investors. He sees massive volatility coming and says that it is best to prepare now, before it is too late and you potentially lose everything.

- Video Source

THE BOTTOM LINE: Jim Rogers expects the worst crash in our lifetime

Henry Blodget examines market valuations and the dismal expected returns that go along with them. Jim Rogers says the market will crash in the next few years and calls the Fed clueless. Henry Blodget dives deep into two charts from John Hussman. Based on many different market valuation measures, stocks are extremely expensive. 

Blodget does point out that stocks can always get more expensive in the short term. However, the expected long-term return on a portfolio of stocks, bonds, and cash is very low based on these valuation levels. An interview with legendary investor Jim Rogers. Rogers predicts a market crash in the next few years. One that he says will rival anything he has seen in his lifetime. He also goes after the Fed. 

Rogers says the Fed is clueless and is setting the US up for disaster. Rogers likes investing in depressed markets. Rogers says its just like your parents taught you... "Buy low and sell high. Don't buy high and hope it goes higher." He is investing in China, Russia, Japan and agriculture. 

All these markets are depressed. Unlike the US which is at an all-time high. Though Rogers says the most important thing is to invest in what you know.

- Source, Business Insider

Jim Rogers: Catastrophe and Opportunity

BullionStar is proud to present our exclusive interview with the legendary American investor, Mr. Jim Rogers. In this exclusive interview, Mr. Jim Rogers shares his perspectives on the global economy and on gold. 

The interview touches on the potential catastrophe in the global economy and the opportunities it brings, the importance of acquiring physical gold and silver for insurance, Singapore being one of the best countries to acquire bullion and much more.

- Source, Bullion Star

Jim Rogers: Hoping to Buy More Gold in the Next Year or Two

Jim Rogers sits down with Birch Gold Group, where he discusses the recent actions seen in the precious metals space. He explains how he hopes gold and silver continue to go lower, so that he can then purchase more, at a steeper discount. 

Ultimately, Jim Rogers see's both gold and silver moving higher in the long term.

- Video Source

Three Investing Legends On Bitcoin

The rise of bitcoin has been one of the biggest stories in financial markets this year. Up 150% year-to-date, the sudden surge in prices for bitcoin has surprised even its most ardent proponents, while catapulting digital currencies into mainstream consciousness for the first time.

Bitcoin's rapid ascent has brought with it a spectrum of opinions about whether this asset is the real deal. Is bitcoin here to stay, or is it a bubble ready to burst? To answer that question, ETF.com asked three investing legends for their take on this controversial topic.

Jim Rogers is a famous author, investor and businessman. He's well-known for co-founding the Quantum Fund and creating the Rogers International Commodity Index.

Kevin O'Leary is an entrepreneur who sold his software company for more than $4 billion. Today he's known as Mr. Wonderful on the hit TV show "Shark Tank" and as chairman of O'Shares Investments.

Dennis Gartman is the man behind The Gartman Letter, a daily newsletter discussing global capital markets that's been popular with traders and investors for more than 20 years.

Jim Rogers

I'm not an expert on the subject, but I know there are several cybercurrencies developing. I do know the world has a big money problem facing us. I do know that in the past few decades, nearly everything we know has been changed and problems are being solved by the internet―and money will be, too.

Our new system of money, whatever it is, is going to be something on the internet. Whether it’s bitcoin or not, I don't know. I’m not smart enough or knowledgeable enough to know.

I do know that, for instance, IBM did not invent the computer. But the people who did invent it, you haven’t heard of. So who knows who will wind up being on top with cybercurrencies?

Kevin O' Leary

My concern about cryptocurrencies is the fact that they can be used in an unregulated format. The speculation is that a lot of the ransomware episodes were driven by the availability of these currencies.

That's always going to keep them out of the mainstream and hold them back. For example, the attempt to create an ETF around bitcoin failed because the regulators didn't see it as something they thought had the merit to be invested institutionally.

It's also extremely hard to short bitcoin. Therefore, how do I know there's been a full price discovery on its value if nobody can take the other side of the trade?

I would prefer, at the very least, that there be an instrument by which I could short bitcoin, because I think you'd find a lot of people would like to be on the other side of the trade. Once all that price discovery came into it, along with more liquidity, it would be safer.

I look at it as another currency—and I do own multiple currencies in my portfolio—but I've always refused to take on the volatility of a bitcoin because I don't know if it's really got true price discovery.

Dennis Gartman

I love to talk about bitcoin. The only people who believe in it are the millennials. I understand that; they've grown up with this notion of bitcoin. But I find bitcoin to be one of the most ludicrous ideas I’ve ever come across.

Don't get me wrong; the idea behind it―the blockchain technology behind it―is bloody brilliant. The block chain methodology will change the manner in which we trade stocks, bonds, currencies and gold for years into the future. It will change the manner in which trading takes place.

But does bitcoin have any rationality behind it whatsoever? The answer, in my opinion, is no. It’s comically overpriced, comically close to a bubble, and we've seen bitcoin's high. I don't think there's any question that a month and a half ago we saw the high made in bitcoin.

What's amusing to me is that the believers in bitcoin say there's a fixed and finite supply that cannot be increased. Sure, maybe bitcoin supply can't be increased, but there are now over 100 other cryptocurrencies, which effectively increases the supply of cryptocurrencies.

And quite honestly, if you really think that bitcoin, once its last bit has been mined, is not going to reopen for further increases in supply, you're naïve; of course it will.

So has bitcoin supplanted gold at the margin? No question. For the millennials, bitcoin makes sense to them. Gold seems senseless; they don't get it. But the bubble has burst in the bitcoin phenomenon.

- Source, ETF.com

The Key Reason Jim Rogers Is Investing in Russia

The Kremlin as a whole has changed, notes Rogers. Specifically, the nation's treatment of its citizens.

"Something happened in the Kremlin, which means something happened to Mr. Putin," explained Rogers. "They used to just shoot you or take your money, or put you in jail – but they don't do that anymore – for most people."

Moreover, "they've changed their attitude and realized they have to play by the international rules that everybody else does," said Rogers. "They're trying to attract capital, investment, and brains!"

A key strategy of Rogers' is to invest where everyone else isn't. "When everyone is on one side of the boat, you want to go to the other," Rogers told Keith many years ago.

And that's precisely why he's bullish on Russia today. "Russia is maybe not the most hated market in the world, but it is certainly one of [the most hated]," said Rogers. "Nobody likes Russia except for Russia."

Keith agreed that Russia could be a great investment opportunity right now. In fact, Keith has been recommending investors pivot towards Russia since 2015.

"99% of all investors are missing out and would never invest in Russia right now," said Keith. "Instead, they'll sit back and wait for things to 'get back to normal' before making their move."

"As usual, they'll miss the truly extraordinary profits."

The question investors should be asking themselves right now is not whether or not to invest in Russia, according to Keith, but rather, how you will feel in the future knowing that you've been left behind.

As part of that, Keith prioritizes what he calls "Unstoppable Trends" in the market to keep investors ahead of the curve. These trends will continue to make you money no matter how aggressively Putin is treating his citizens or whether or not he is playing by international rules.

"These trends are backed by trillions of dollars that Washington cannot derail, the Fed cannot meddle with, and Wall Street cannot hijack," says Keith.

- Source, Money Morning

Global Investing Giant Jim Rogers Warns Of Cyclical Downturn Soon

At FreedomFest, commodity guru Jim Rogers warned that the U.S. economy’s historic pattern of enduring a downturn every four to eight years indicates people should prepare for such a prospect to occur in the next 2-3 years. Worse, because today’s debt load is larger than in 2008, we could be in an even more severe problem the next time the economy falters.

“If you’re not worried, you are not knowledgeable,” Rogers said.

I chaired a session with Rob Arnott, who the Wall Street Journal labeled the “godfather of smart beta,” on the topic, “My Favorite Money-Making Strategy, and Investments to Avoid.” He warned against load funds, annuities, hedge funds and private equity, but liked my strategy of investing in quality companies that pay high and growing dividends. He and Cliff Asness wrote an academic paper entitled, “Surprise! Higher Dividends = Higher Earnings Growth.”

Arnott agreed with Rogers that the stock market is no bargain. In fact, we are within a year of enjoying a record — the longest bull market in history!

As the market crawls higher, some might be tempted to make fun of the Bears for continuing to bet against the stock market. For men like Jim Rogers though, it only adds more seriousness to their warning of a coming downturn.

Meanwhile, higher markets mean higher profits for those who are invested, and subscribers of my Forecasts & Strategies newsletter have taken full advantage of the opportunity by being fully invested all year.

- Source, Stock Investor, Read More Here

Birch Gold Exclusive with Jim Rogers: Next Crisis Will Be The Worst In My Lifetime

In an exclusive interview with Birch Gold Group, Jim Rogers makes some alarming statements about the state of the U.S. economy, predicting that the next crisis will be fully apparent within the next two years. He takes specific aim at Janet Yellen and the Federal Reserve, saying of record-low interest rates, "It's all absurd what's been happening!"

- Source, Birch Gold

The Lazy Trader Talks to Legendary Investor, Jim Rogers

Welcome to legendary investor, Jim Rogers. For those who don’t know him, Rogers has an un-refuted passion for investing and renown for his ability to make money. Lots of it! Having worked alongside names like George Soros and made returns like…an eye-watering 4200% over ten years (compared to the S&Ps 47%!), he’s done pretty well! In fact, he’s even founded his own Index – The Rogers International Community Index. But it doesn’t end there!

- Source, The Lazy Trader

Where Data Collective Is Seeing Opportunities in AI

Zack Bogue, Data Collective co-managing partner, discusses opportunities in artificial intelligence with Bloomberg's Emily Chang on "Bloomberg Technology."

- Source, Bloomberg

Jim Rogers Has a Forecast And It's Ugly

Is it time for the market to crash? Legendary investor Jim Rogers joins Kitco News for an interview to discuss his predictions for the biggest financial crisis we’ll see in our lifetimes, and how he’ll be protecting himself. “Gold is going to be explosive in the next few years,” Rogers said, as he gave his insight on gold, the U.S. dollar, and the crypto-craze. You can catch Jim Rogers at Freedom Fest this August in Las Vegas.

- Source, Kitco News

This Economic Bubble Is Going to Wreak Havoc When It Bursts

An imminent economic crisis the likes of which this generation has never experienced is coming. However, the conditions under which the next bubble will burst will surprise even the most astute observers of economy, culture, and politics. The higher education bubble (one-sixth of the U.S. economy) will likely burst with the force of all previous catastrophes combined—a shock wave so sudden, so large, that it gathers the full force of the savings and loan, insurance, energy, tech, and mortgage crashes, creating a blockbuster-level perfect storm.

Disturbing patterns of unsustainable economic activity have emerged over the last decade. College and university budgets rely on inflated real estate investment, deny the short- and long-term effects of student loan defaults, accept the rise in tuition above the rate of inflation as normal, and expect a downsized part-time faculty to help subsidize inflated tenure track and endowed tenure budgetary lines. The insatiable upper administrative appetite for high salaries, job description absurdity, and low accountability adds endless layers of compulsive, prideful incompetence to an already unstable education business model that believes it simply cannot crash.

While higher education is not a business in the same way for-profit corporations are, a business plan rooted in reality remains essential to its success. Reality, however, seems an ongoing elusive concept to college administrators. Dormitories and sports facilities are funded regardless of flat enrollment rates. The mission of imparting knowledge to students (the service for which parents and students pay dearly) is shunted off to ill-paid adjunct faculty with no skin in the game. Students poorly equipped for real-world opportunities are unable to repay student loans, let alone become alumni willing and able to support their alma mater. How long until higher education’s customer base realizes the expense is no longer worth it?

Without dramatic and immediate changes in the higher education sector, broader economies that support third-tier learning will fail along with it: People in the community employed by the college will lose their jobs; commercial activity geared toward the student population will fail; and investment in real estate for student housing will no longer have its expected return.

We call for a return to the teaching and innovation mission of the American university. We need a well-educated, resilient, adaptable, and entrepreneurial graduate to meet the needs of a new “gig” economy, which includes coding, plumbing, elder care, sociology, food service, and hotel management. We demand higher educators meet the market and personal demands of the new student body.

And while the teaching model will necessarily be heavily invested in digital knowledge, we must look to a very old style of teaching. The system of tenured professors more interested in research than in imparting knowledge, buttressed by overworked and precariously employed adjunct faculty, does nothing to stabilize a higher education community. An apprentice/mentor system grounded in a proficiency model charged with technical, academic, and professional skill development and critical thinking objectives will revolutionize higher education.

We want our colleagues to focus on imparting the empathy that comes from interaction with other people, cultures, works of literature, and art, as well as the concrete and necessary skills for success in the post-college world of production, innovation, and hands-on work. We can deliver this high level of education while modeling what it means to have a true plan for paying for what is necessary. What better lesson could the American college graduate take with them into the working world?

- Source, Fortune

Jim Rogers: My start-up investments are all coincidental

Prolific investor. Contrarian extraordinaire. Investment banker. Best-selling author. Jim Rogers wears many hats, and is not tied down by labels or conventional wisdom, but has refused to bite the bullet when it comes to investing in start-ups, which he considers notoriously high-risk.

Yet, even Rogers appears to be joining the bandwagon going by his track record over the last 12 months, during which he has invested in four start-ups. He defends his decision and says his start-up investments are not about the capital. The entrepreneurs approached him directly, which got him interested, and Rogers is not changing his spots.

“These founders were smart people and they reached out to me and asked, would you invest with us, and I said yes,” he said in a recent interview.

Three of his investments in this space are Korean firms, including Standard Graphene, the country’s first manufacturer of graphene, a thin layer of pure carbon.

“Graphene, according to scientists, is going to be as important to the world as scientists. I did not say that, but scientists say it—it is thinner than paper and stronger than steel and they can even use (it) to purify salt water. I have been bullish on graphene for a long time, and all of a sudden an entrepreneur in this space shows up—he has been in this business for a while, and therefore I put in some small amount of money,” Rogers explained.

Rogers has also invested in two fintech start-ups—Korea’s Wealth & Liberty, which provides financial advisory services using a robot adviser, and Chinese online brokerage firm Tiger Brokers. The latter was also his first investment in a Chinese start-up.

Rogers said he is “investing in the founders” and not the companies. “I know nothing about fintech. But I found these were smart people and they contacted me directly,” he said.

Tiger Brokers, which allows Chinese investors to buy stocks from the US and Hong Kong, recently disclosed a funding round worth $14.5 million, the third for the company since it was founded three years ago. Rogers declined to state the amount he had put into the company, whose other investors include heavyweights such as Xiaomi Technology, China Growth Capital, and Citic Securities.

His logic behind investing in Tiger Brokers: “I know the Chinese are going to be huge forces worldwide in the financial markets for the rest of the century.”

Rogers’ first start-up investment was in 2016, when he invested an undisclosed amount of capital in Illimus, a Korean cosmetics company.

His investment was based on the fact that he found its founders were “smart and driven”, rather than the company’s prospects.

“If I lose all my start-up investments, it is not the end of the world. The way I look at it—if these investments come to nothing, I won’t even notice. I don’t pay any attention to my start-up investments,” he added.

But as an investor, by keeping away from start-ups, did he pass up on the opportunity to make huge returns over the last few decades?

“Many of the start-ups have become gigantic, or will become gigantic in the next 20 years. But thousands of start-ups have disappeared in the last 20 years. We remember Facebook because it is successful, but we don’t remember MySpace—it was a gigantic failure backed by unbelievably smart people with money including (News Corp. chief Rupert) Murdoch.”

“Ask me again in 10 years, and even 10 years later, I don’t think I will have many more start-up investments than I have now. Maybe some really smart guy or woman comes and meets me, I may do something, but I am not changing my spots and my start-up investments are all coincidental,” the veteran US investor, who now lives in Singapore, added.

- Source, Live Mint

Jim Rogers Bracing For Crash

When Jim Rogers talks, investors listen. One of the world's most famous investors, Rogers is known for his no-nonsense style and investment wisdom. He is the author of several best-selling books, including his latest, "Street Smarts: Adventures on the Road and in the Markets." ETF.com recently spoke with Rogers for his take on the latest financial market developments.

ETF.com: I saw some headlines recently that you foresee an economic downturn on the horizon. Can you get into that?

Jim Rogers: The next time we have an economic problem in the U.S.—and therefore the world—it’s going to be the worst of our lifetime given what’s been going on.

The world has been printing a lot of money and the whole world has a lot of debt. In 2008, we had a problem caused by too much debt, but now the debt is much larger than it was in 2008, so the next time we have a problem, it’s going to be even bigger than 2008.

ETF.com: When do you forecast the downturn to take place?

Rogers: I would suspect it’s in the next year or two. Historically, we’ve had economic problems every four to eight years. As you know, it’s been over eight years since our last problem. It doesn’t mean we have to have problems, but it means we’re getting closer and closer.

ETF.com: What’s your take on the fixed-income markets?

Rogers: Given what's happening in the world and with central banks, I don't see any reason government bonds in the U.S. should go down. But I am short junk bonds—not that it’s doing me much good yet.

ETF.com: What are your latest views on oil and gold?

Rogers: My view on oil is that it’s in the process of making a complicated bottom. We’ll look back in a while and see that in 2015, 2016, 2017—and maybe 2018—that oil made its bottom. Worldwide reserves continue to decline except for U.S. fracking, and fracking isn’t doing great at these prices.
That doesn’t mean oil can’t go under $40 again. As I said, the bottoming process takes time.

ETF.com: What about gold?

Rogers: I haven’t bought any serious gold in a long time. I own gold and I haven’t sold any. I expect gold to go lower—at which point I hope I’m smart enough to buy a whole lot. If it doesn’t go lower, I’ve got plenty of gold already, I assure you.
Before this is all over in the next few years, gold is going to go much, much higher. Whenever people lose confidence in governments and paper money, they always put their money in gold and silver, and they will again.

ETF.com: How should investors position themselves for the coming economic downturn?

Rogers: I own Russia and I’m looking to buy more. The Russian market is still a very hated market. I also own China; the Chinese market is down 50% from its all-time high. I own Japan, which is also down 50% from its all-time high.

Who knows how long I’ll own these things, but they’re likely to be less badly affected by the economic downturn. There are also plenty of ETFs now where you can sell short, which is another option.

I also own a lot of U.S. dollars at the moment, not because U.S. dollars are a sound or compelling investment, but it’s because when there’s turmoil, people look for a safe haven. At the moment, people think the U.S. dollar is a safe haven. It’s not. America is the largest debtor nation in the history of the world.

But people think the U.S. dollar is a safe place to be, so I own a lot of dollars—with the expectation it’ll get overpriced, maybe even turn into a bubble down the road. Hopefully when that happens, I’ll be smart enough to get out of my dollars and put the money somewhere else.

- Source, ETF.com

Of Course We Are In A Stock Market Bubble

Preston Pysh: First thing I want to talk about is gold. You have a position in gold, but you are hesitant to increase that position right now. Currently, we are in the second quarter of 2017. What are some things that would change this decision for you?

Jim Rogers: Price is the main determinant, or time — if it was 2019, I might rush in and buy gold. For me, gold has not had enough corrections yet. There are still too many gold bugs.

Pysh: So you are looking at it more from a psychological perspective. Would you say that the right time to buy gold is actually when there are a lot of people avoiding gold?

Rogers: When people say, I never want to invest in gold again, that is when I want to invest in it. This is true of many things. When everybody is throwing it out the window, that is usually a good time to buy anything including gold. So far, there are too many people that love gold.

Pysh: I was expecting you to give a quantitative answer, but I am surprised that you gave such a qualitative answer.

Rogers: Investing is both qualitative and quantitative. I wish it was simple, but investing is a combination of everything, for gold and everything else. Gold has been around for thousands of years, so it has gone through many periods of bull and bear markets. Many people think of gold as a currency, but it is just another investment.

Pysh: What do you think is the best approach to gold? I am thinking the best way would be to put a two and a half year call option on some gold mining companies. What do you think?

Rogers: A two and a half year call would be fantastic if you can get the timing right at the bottom. You have enormous leverage with calls. You could do this with futures as well. If you get the timing and the product right with either calls or futures, you can make a lot of money.

Stig Brodersen: You have been the forefront of various markets. For example, you wanted to buy the Danish Krone when it seemed like nobody even knew about it. How do you come up with such original ideas, and how do you validate your ideas before you actually invest in them?

Rogers: I have learned that the more people ridicule and question you, you are probably onto a good thing no matter what it is. If you are observant and notice a change and that change is something cheap and ignored in the way that the Danish Krone was in the past, you are probably going to make a good investment.

Pysh: Which area of the U.S. market — currencies, commodities, bonds, stocks, etc. — could a person apply that thought process to a pick?

Rogers: Whatever people are doubting may be an investment opportunity. Agriculture in the United States is pretty depressed right now. This may be an area where there is an investment opportunity. However, you should be cautious about investing in an area just because it is depressed right now because that area could stay depressed for a very long period of time. This is why you have to find a change that is taking place as well. If you can find something cheap and if you can find a positive change, maybe you should do more homework and find an investment.

Brodersen: Could you talk about catalysts? Some people would say value in itself is a driver, but how do you assess catalysts and when do you see that something is about to change so it will realize its intrinsic value?

Rogers: That is the important part. I have learned that personally, I am usually too early. I see something happen, and I assume everybody else sees it too. Now I know that they do not, so I have learned to wait a year or two. The change, or catalyst, could be anything. I want to emphasize that even when you see the catalyst, it is futile if everyone else sees it too and the effects come in quickly. It usually takes a while for the catalyst to work its way through.

Pysh: In your book Street Smarts, you talk a lot about the idea that the capital flows are drastically changing from what the U.S. has experienced over the last 75 years. You feel that a lot of big opportunities have moved away from the U.S., Europe, and Japan now to China, Singapore, and most of Asia. Do you perhaps see this trend in a similar light as Ray Dalio with long-term credit cycles?

Rogers: Ray is a lot smarter than I am, but I do perceive that the world is always changing. What you think is true today will not be true in 15 years. Pick any year in history, and what everyone believed that year is no longer relevant 15 years later. In an even bigger picture than a 15-year cycle, Asia is rising whether we like it or not. Asia is where the money, energy, ambition, drive, and the brains are. China currently puts out something like 10 times as many engineers as America does. This may not have an immediate effect, but it will have an effect someday. In 1807, the smart people moved to London. In 1907, the smart people moved to New York. Well in my view, the 21st century is the century of Asia

Pysh: Do you think the central banks are the root cause of this trend?

Rogers: We have not had central banks for the most of history, but a lot of what is happening right now is because of central banks. The United States has had three central banks; the first two disappeared, and in my view, this one is going to disappear too because they are making so many mistakes. Regardless, central banks are a powerful influence in the world right now. They have a lot of money, and therefore a lot of influence, so a lot of what is happening in the world is because of central banks for better or for worse.

Pysh: Considering the U.S. Federal Reserve’s policies, how is the dollar getting stronger against other currencies? Are other central banks just doing worse than the U.S. central bank?

Rogers: You are right, part of the reason why the U.S. dollar is so strong is that the other countries’ central banks are so bad. The head of the Japanese central bank said they will print unlimited amounts of money if they have to. Anybody thinking about the Japanese yen has to think about unlimited amounts of money along with staggering internal debt. The Euro is a wonderful concept but its execution has been hopeless. Although the U.S. dollar is a terribly flawed currency, many people consider it a safe haven for historic reasons. You look around the world, and there are not many better alternatives. People put money in the U.S. dollar, and the dollar is going to get overpriced as the turmoil worsens.

Pysh: The central bank of Japan owns a large portion of the world’s stock market. When Japan runs out of assets like bonds and stocks to exchange into currency, are we going to see the currency in hyperinflation?

Rogers: Japan is unique because they have somewhat of a closed society and economy. They can continue to trick each other for a long time that everything is great. The media and the emperor will tell the people that everything is fine, and the people will believe that. I do not know when it is going to happen, but we have had economic problems every 5 to 10 years since the beginning of time. We are going to have problems again no matter what the press says. The media and the emperor can keep telling the Japanese people that everything is fine, but it will end badly whether we like it or not.

Brodersen: It appears that most Northeast Asian economies that have done well follow the steps of cultivating land, manufacturing the resources, and making policies that support agriculture and manufacture. India, however, skips the steps and goes straight into IT and more advanced services. How do you view the sustainability of the Indian economy?

Rogers: There are one billion Indians. You and I know about the IT in India, but that is such a small part of the Indian population. The Indian government loves to say things are great, but when you actually visit the country, you will see that things in India are not that great. I have occasionally invested in India, sometimes get it right, and usually have gotten it wrong because of the timing. India has a lot of debt that the government does not like to talk about. The debt to GDP ratio is very high in India, which means that they cannot grow at a rapid rate.

Brodersen: What is the driver for sustainable growth for a country like India with low employment rate in manufacturing?

Rogers: Unfortunately, I do not see a lot of sustainable growth in India. We never see Indian products in the U.S. market. I doubt you could name more than one or two Indian-brand products in your home. This is because they have not had great manufacturing success. India used to be one of the great agriculture countries in the world because of its soil and weather, but the government restricts the Indian farmers to owning only 12 acres. They cannot compete with other farmers who own a lot more land. The Indian government protects many parts of the economy. This is one of the reasons that India has not done as well as others.

Pysh: In the time that you were working with George Soros, what would you say was his greatest strength? What would you say your contribution was in the relationship?

Rogers: I left 37 years ago and have not had contact since. We were both dedicated and passionate about our work. He was a great market timer. I do not think you go to school to learn to become a great trader; I think you either have it or you do not. I have no idea what he has been doing these days, but back when we worked together, I did a lot of the research and reasoning for a position. In the first 10 years of our work, our return was 4200%.

Brodersen: You are a very modest person, but could you tell us what you think your competitive advantage is as an investor?

Rogers: I had success whenever I found things that were very cheap where there was positive change taking place. I usually invested too early, but I held them for years. If I have any competitive advantage, it would be that I can see things changing. I make a little bit of money when I get the timing right.
- Source, Forbes

The Dollar Is Not A Safe Haven

Should people be fleeing to the dollar for protection? Will it be the safe haven that everyone thinks it will be in the next crash, or, as many prominent analyst are now prediction, will it be a death trap? Jim Rogers goes into depth in this interview and explains this, plus much more.

- Video Source

Jim Rogers Sees Gold Correction

The price of gold has been rising for 11 years in a row and the precious metal is due for a correction, investor Jim Rogers, chairman of Rogers Holdings, told CNBC.

Jim Rogers: Trump has effectively given Asia to China

Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week's episode of "The Bottom Line." Rogers is based in Singapore and talks about what the outlook is in Asia.

- Source, Business Insider

If Gold Goes Under $1000 Then I Will Buy

Legendary investor Jim Rogers discusses his entry point that would begin buying precious metals again. Are they overpriced? No. But he believes a better deal may lay in the future.

Biggest Crash in the World Is Coming

Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week's episode of "The Bottom Line." Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime. Following is a transcript of the video.

Blodget: One of the things I’ve always admired about you as an investor is that you don’t talk about what should be. You figure out what is going to be and then you do that. So what is going to be with respect to the stock market? What’s going to happen?

Rogers: I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise I’ll be broke — dead broke. Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s going to collapse, and you should be very worried. But, Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.

Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?

Rogers: Later this year or next.

Blodget: Later this year or next?

Rogers: Yeah, yeah, yeah. Write it down.

Blodget: And what will trigger it?

Rogers: Well, it’s interesting because these things always start where we’re not looking. In 2007, Iceland went broke. People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke. And Lehman Brothers went broke. They spiral like that. Always happens where we’re not looking.

I don’t know. It could be an American pension plan that goes broke, and many of them are broke, as you know. It could be some country we’re not watching. It could be all sorts of things. It could be war — unlikely to be war, but it’s going to be something. When you’re watching Business Insider and you see, "That’s so interesting. I didn’t know that company could go broke." It goes broke. Send me an email, and then I’ll start watching.

Blodget: And how big a crash could we be looking at?

Rogers: It’s going to be the worst in your lifetime.

Blodget: I’ve had some pretty big ones in my lifetime.

Rogers: It’s going to be the biggest in my lifetime, and I’m older than you. No, it’s going to be serious stuff.

We’ve had financial problems in America — let’s use America — every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one.

This is the longest or second-longest in recorded history, so it’s coming. And the next time it comes — you know, in 2008, we had a problem because of debt. Henry, the debt now, that debt is nothing compared to what’s happening now.

In 2008, the Chinese had a lot of money saved for a rainy day. It started raining. They started spending the money. Now even the Chinese have debt, and the debt is much higher. The federal reserves, the central bank in America, the balance sheet is up over five times since 2008.

It’s going to be the worst in your lifetime — my lifetime too. Be worried.

Blodget: I am worried.

Rogers: Good. Good.

Blodget: Can anybody rescue us?

Rogers: They will try. What’s going to happen is, they’re going to raise interest rates some more. Then when things start going really bad, people are going to call and say, "You must save me. It’s Western civilization. It’s going to collapse." And the Fed, who is made up of bureaucrats and politicians, will say, "Well, we better do something." And they’ll try, but it won’t work. It’ll cause some rallies, but it won’t work this time.

Blodget: And we are in a situation where Western civilization already seems to be possibly collapsing, even with the market going up all the time. Often when you do have a financial calamity, you get huge turmoil in the political system. What happens politically if that happens?

Rogers: Well, that’s why I moved to Asia. My children speak Mandarin because of what’s coming.

You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that.

You’re going to see parties disappear. You’re going to see institutions that have been around for a long time — Lehman Brothers had been around over 150 years — gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms.

- Source, Business Insider

Jim Rogers - The Party in the Markets Will End Soon

Indian markets are at record highs. What is driving this rally? Is there more steam left in this rally, or will the party be over soon?

It is not just Indian markets—what is driving Indian markets is also driving other markets. There are massive amounts of money around, and it needs to go somewhere, and it is going into the markets. India is not the only one going through the roof—look at Europe, America. The central banks have made a lot of free money available—Mr (Donald) Trump has told everyone that everything is going to be OK, and he is come up with some policies which people think will be good such as cutting taxes and building infrastructure… That is why markets in many countries are going up—I think the party will end soon, but I am very, very bad at timing it.

Are Indian markets expensive at this point? Why or why not?

I don’t know the Indian valuations currently. The problem is when the markets start going down, it doesn’t matter if they are cheap, or expensive—all of them will go down. I don’t know of anything that is really cheap in India.

When and by how much do you see an earnings recovery happening for Indian companies?

That is one of the problems—an earnings recovery has not taken place and the markets are going up. This is a problem globally because there is a lot of free money and easy money, and then there is optimism about tax cuts in the US—that is the worry for me—that all of this is not real and is based on free money. Free money, while it lasts, is wonderful, but it always come to an end.

Where does India stand in your EM/Asia preference? Why?

India is not the preferred market for me—it is at an all-time high. I’ve told you before that I don’t prefer to buy when markets are at an all-time high. I don’t want to get on a moving train—when you jump onto it, you’ll get hurt. You won’t get hurt if you buy something that is ignored and sitting in the corner—you’ll not make any money for a while, but you won’t get hurt.

Will Donald Trump’s tax cut plans impact emerging markets in a big way? How much impact do you see on Indian information technology (IT) and pharma sector from visa restrictions and protectionist policies?

If it happens, and Trump does what he says, it is good for the world, because it will revive many parts of the American economy.

When people have more money to spend, they will do it... everyone will be better off for a while, and that is why the markets are going up.

Trump says he will cut taxes and that sounds very good. But how is he going to do all this? Protectionism has never been good for anybody. No one has ever won a trade war. Every one will suffer with protectionism, and if Indians cannot go to America anymore, it may be bad for Indian companies, but it will be good for India.

The smart Indians won’t be rushing to the US any more—they will stay in India and build companies. Or maybe, they will go to China or Germany—but in the end, it will be better for India than the US.

Are geopolitical being risks ignored by global investors?

Absolutely.

Be it India, America or Europe—everyone is of the view that there is nothing to worry about... Interest rates going up is a big risk. Historically in the US, when the Fed raised interest rates four times, it was the end—the markets and the economy would then go down. Now, there are people who argue that it historically was correct, but it is different now as interest rates are zero; so maybe we can have a couple of interest rate hikes before the end.

What are the key risks to this rally in emerging markets, particularly India?

Remember, whenever markets are going up, people ignore the bad things. You can go and say that the emperor has no cloths and people don’t care. They are so happy with all the money they are making.

There is no question that the next time the world is going to have economic problems, it is going to be the worst that we’ve ever had since the Second World War, and a lot of people are going to be very angry.

Already a lot of people are very angry—there are a lot of people who cannot get jobs, and they have been waiting angrily for what they’ve been promised.

It usually takes a year or two after the markets collapse for that anger to build up—if say the markets collapse in September this year, by the September of 2019, you are going to be having a lot of very, very angry people.

Which sectors in India are you overweight and underweight, and why?

It depends on the prices—as I am not invested in India currently, I don’t know. But there are parts of the Indian economy that I am optimistic about for the future. Indian agriculture, Indian tourism, and these have a good future when the time comes down the round.

- Source, Live Mint

Moscow and Beijing Are Cozying Up for This Key Reason

"The sanctions are pushing the Russians and the Chinese together," warned Rogers. "When you come to Moscow or St. Petersburg airport now the Chinese are everywhere."

We've been meticulously following the close relationship between China and Russia for years.

You see, China and Russia are colluding to shift away from dollar- and euro-based trade and revert back to a true gold standard.

"China and Russia have had enough of Western central bankers' clandestine gold price manipulation to prop up the U.S. dollar," we said in 2015, shortly after the sanctions were imposed. "Creation of a new gold market is just one way China and Russia aim to take down the U.S. dollar."

And now, with the rise of Russia's economy, they are closer than ever to doing just that.

If this gold-based trade expands to other large nations, it could cause a rush to safe-haven investments like the yellow metal.

But the smart investors – the ones who have been watching this trend as it unfolds – will buy up shares in the gold miners.

And Money Morning Executive Editor Bill Patalon – our champion stock picker and global trend expert – has identified one gold mining stock that is poised to soar as gold-based trade sweeps the globe.

"If you're going to buy a 'senior miner' in the gold sector, this is the stock you want to own," said Bill.

Check out the video below, where Bill shares with you how to play this "perfect storm" in gold with this stock right now. You don't want to miss this.

- Source, Money Morning

America Made a Foolish Mistake with Russia

U.S. sanctions against Russia have unexpectedly produced a number of positive consequences for Moscow, according to legendary investor Jim Rogers.

You see, when former President Barack Obama instituted the sanctions back in 2014, they were designed in conjunction with Europe to punish Russian President Vladimir Putin for his annexations of Crimea and backing rebels in eastern Ukraine.

However, according to Rogers, these sanctions were nothing more than a "foolish mistake" that led Russia to become stronger and more self-sufficient…

"It's not the first time that history has changed by some foolish bureaucratic mistakes," said Rogers to Sputnik News on June 2. "America is shooting itself in the foot, making agriculture in Russia boom."

This result is permanent and will have lasting effects on the United States, according to Rogers. "Once the farmers learn how to do it – they will continue."

Indeed, agriculture has overtaken arms sales to become Russia's second-biggest export sector next to oil and gas, reported The Financial Times on April 19. In fact, Russia is now the world's biggest exporter of grains – all thanks to the U.S. sanctions, according to Rogers.

"In many ways the sanctions against Russia have helped Russia. It has made Russia an agricultural boom. It is a very, very strong growth industry right now," said Rogers.

"There are many unintended consequences that are good for Russia and bad for America."

And one of these consequences – perhaps the most important – is one we've warned you about before…

- Source, Money Morning

Jim Rogers: There's Plenty of Investment Opportunities in Russia

Russia is becoming increasingly popular with foreign investors, according to veteran US investor Jim Rogers.

Russia has large potential for economic growth and many opportunities for foreign investors, who are becoming more and more interested in it, veteran US investor Jim Rogers told Sputnik.

"There's… plenty of opportunities here," Rogers said on the sidelines of the St. Petersburg International Economic Forum (SPIEF), when asked if Russia had potential for economic growth.

Rogers said that he was interested in investing in Russia, had already bought some bonds and stocks recently and was looking to buy more despite some economic difficulties the country has experienced.

"I have learned in my life, in my investing career, that you should buy when there are problems… To find what everybody else is buying and what's popular usually doesn't make you much money… I am delighted to see the opportunities in Russia," Rogers said.

According to Rogers, Russia is becoming increasingly popular with foreign investors.

'Made in Russia' Brand May Enter European Market Within Two Years

Jim Rogers is a high-profile investor and international financial commentator. In the 1970s he founded the Quantum Fund with billionaire George Soros. Currently based in Singapore, he is the chairman of Rogers Holdings and Beeland Interests, Inc.

SPIEF, a major global platform for communication between business representatives and discussion of crucial economic issues, took place in Russia’s second largest city last week. Sputnik News Agency was the official media partner of the forum.

US Government, Central Bank's Potential Actions Worry Investors Most

The US government, due to its rapid changes of stance, and US Federal Reserves System, because of its excessive lowering of interest rates, are the two most worrying factors for investors at the moment, Jim Rogers told Sputnik.

"The main thing that… I am wondering about is the United States government, the United States Central Bank. The United States government seems pretty confused, they keep changing their mind about things… The US Central Bank… printed staggering amounts of money, they've driven interest rates to nothing… That's an unknown for me because they don't know what they're doing. That is going to cause problems for all of us," Rogers said when asked what events or factors investors would follow most attentively in 2017.

The investor added that the interest rates would eventually have to go higher.

Rogers said that the impeachment of President Donald Trump seemed unlikely because the Republican party was controlling the Congress.

"It is very, very unlikely that the Republicans would impeach and remove their own president," the investor said.

Russia's Agriculture, Tourism Sectors Have Best Growth Potential

Agriculture and tourism are the two sectors of Russian economy with the best growth potential, but there are other investment opportunities as well, Jim Rogers told Sputnik.

"Agriculture has got a great future in Russia; tourism, especially Asian tourism," Rogers said when asked about potential for economic growth in Russia.

Japan Investments in 21 Russian Far East Projects Amount to Over $16 Bln

The investor said that he owned shares of the Moscow Stock Exchange, Russia's flag carrier Aeroflot, chemicals company PhosAgro and was hoping to find new investment opportunities, especially in the sphere of Asian tourism, which was likely to take off.

According to Rogers, a number of companies in Russia would benefit from China's One Belt One Road initiative, which aims to create a trade corridor in Eurasia that will directly supply goods from the eastern to the western part of the continent on favorable terms.

- Source, Sputnik News