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