Jim Rogers: A Global Debt Crisis is On the Horizon

Jim Rogers believes that the next bear market will be the worst he’s ever seen. Sky-high debt, he says, is the reason for his pessimism.

In 2008 we had a problem because of too much debt. Since then the debt everywhere in the world has skyrocketed. The Federal Reserve, the central bank in the US increased its balance sheet by 500% in 10 years. That alone is an unbelievable statement.

He’s not alone in his worries about global debt. In it’s bi-annual Global Economic Prospects, the World Bank warned that a global debt crisis could be on the horizon as borrowing has risen to its highest level in the past 50 years. The bank warned that although debt has become more manageable due to low interest rates, a fresh financial crisis isn’t out of the question. The risk is especially prevalent among emerging and developing economies, where total debt reached nearly 170% of GDP in 2018. 

Source: World Bank

Debt across the globe has also been building to worrying levels, though. According to the World Bank report:

Since the global financial crisis, another wave has been building, with both global debt and debt in EMDEs reaching all-time highs. The latest wave has also seen the largest, fastest and most broad-based increase in debt in EMDEs. Historically, episodes of rapid debt accumulation have often been associated with financial crises.

- Source, CCN

Jim Rogers: This is Insanity, Horrible Times Lay Ahead

The Fed has increased its balance sheet over 500% in the past decade; The Bank of Japan is printing money to buy bonds and stock ETFs; and The European Central Bank is mired in insane negative interests. And, according to legendary investor Jim Rogers, they will continue this “madness” as long as its necessary.

In an interview with RT’s Boom Bust, Rogers exclaims, that interest rates around the world have never been this low:

“… this is insanity, that’s not how sound economic systems are supposed to work.”

In 2008, Rogers notes that we had problems because of too much debt, however, “since then the debt has skyrocketed everywhere and it’s going higher and higher. We are going to have a horrible time when this all comes to an end.”

Adding that:

…eventually, the market is going to say: ‘We don’t want this, we don’t want to play this game anymore, and we don’t want your garbage paper anymore’.”

And when that happens, Rogers warns that central banks will print even more and buy even more assets.

“And that’s when we will have very serious problems… We all are going to pay a horrible price someday but in the meantime it’s a lot of fun for a lot of people.”

When it comes to an end, Rogers laments, “it will be the worst of my lifetime.”

- Source, Lew Rockwell

CHAIN 2020 Conference Gathers Almost 14,000 People

The event was held at the AsiaWorld-Expo in Check Lap Kok, Hong Kong, and had the goal of informing attendees of the power of blockchain and how they can use it to advance technology.

Organized by one of the currently largest crypto exchanges by volume, Coinsbit, the blockchain educational conference in Hong Kong drew the attention of almost 14,000 people on January 15, Coinsbit announced today.

The reported numbers would make this event one of the largest in the blockchain sector. Wall Street legend Jim Rogers and Ethereum Foundation team member Vlad Zamfir opened the conference with an interesting discussion on technology, trading, and investing.

One of the more popular attractions at the event was Sophia, the human-like robot created by Hanson Robotics. Known as the most advanced humanoid AI, people flocked around Sophia to interact with her on different subjects.

Natalia Simson, Coinsbit development director, spoke at the conference, conveying a strong message about the importance of stablecoins and their role in cooperating with cryptocurrency exchanges.

Other prominent names in the industry also attended the conference, including Susan Oh, recipient of The Quantum Impact Award, Dinis Guarda, a prominent author, academic, and entrepreneur, and Susanne Tarkowski Tempelhof, an award-winning entrepreneur.

The goal of the conference was to popularize blockchain technology in the Asia region, informing attendees of the possibilities of using blockchain to advance technology in general. The event was held at the AsiaWorld-Expo located in Chek Lap Kok, Hong Kong.

- Source, Chain Bulletin

Jim Rogers: What 2020 has in Store for Global Markets

Boom Bust managed to catch up with world-renowned international investor Jim Rogers to get his take on the state of the global economy and what could be just over the horizon following some recent major rallies. Plus, questions continue to swirl in the wake of the major plane crash in Iran that has left more than 170 people dead. 

RT Correspondent John Huddy is digs into the latest developments in the situation. Plus, we are back on the ground in Las Vegas, where 2020's Consumer Electronics Show has entered its third day. RT's Brent Jabbour is there and will bring us up to speed on the latest developments in the auto sector.

- Source, Jim Rogers Blog

Jim Rogers Exclusive: The Governments Have The Guns

Jim Rogers is talking about China and his experience with Crypto payments. "The governments have the weapons", is a conclusion in this Interview. Agriculture and Commodities have still a much bigger potential than Germany and the US.

- Source, Big Eye

Jim Rogers Calls Kim’s Bluff: North Korea Needs Foreign Investment

Rogers Holdings CEO Jim Rogers says there are still chances for outsiders to make money in North Korea because the country’s leader, Kim Jong Un, desperately needs foreign investment despite a recent order to demolish all South Korean facilities at the Mount Kumgang resort.

“In 2008, we had a recession because of too much debt, and now the debt is much higher everywhere. Even China, which in 2008 had a lot of money saved for a rainy day, has debt now.”

In 2018, Rogers was appointed the outside director of Ananti, a South Korean company that built and managed a golf course at the Kumgang resort.

“I’ve never met the man so I don’t know what he thinks, but I speculated that maybe, what he was doing was part of a negotiation ploy,” Rogers said, according to The Korea Herald.

Rogers thinks Kim is trying new negotiating tactics — such as demolishing the resort that was built with cooperation between North and South Korea.

“If you tell somebody you’re going to do bad things, then they come and start to negotiate,” Rogers said. “I would suspect that he is trying to get better deals because he needs foreign investment very, very much.”

Rogers also thinks Kim’s decision to remove the South Korean facilities would scare away other foreign investors, and he eventually “wants a peace regime.”


“He wants to open North Korea, rebuild its economy and has said that he wants to do for North Korea what Deng Xiaoping did for China,” Rogers said.

And if investment in North Korea was allowed by U.S. citizens, Rogers would probably be first in line because he sees a big opportunity in tourism.

“Tourism is an obvious investment opportunity because the country has never been on the world tourism map,” Rogers said. “Once the North opens up, many people will want to go and see its beaches, mountains, temples and other man-made sites.”

As far as the rest of the world markets go, Rogers kept up his prediction that the worst economic downturn of his lifetime is coming.

“In 2008, we had a recession because of too much debt, and now the debt is much higher everywhere,” Rogers said. “Even China, which in 2008 had a lot of money saved for a rainy day, has debt now. So the next time we have a problem, it’s going to be terrible.”

- Source, Money and Markets

Jim Rogers touts potential of Korean Peninsula during South Korean CEO summit

“When the Armistice Line comes down not long from now, Korea is going to be the most interesting place in the world.”

Jim Rogers, who has been referred to as an “investment genius,” remains unchanged in his love for Korea. The chairman of Rogers Holdings once again voiced his view that Korea is poised to become the “hottest” region in the world once inter-Korean relations improve and reunification occurs, as capital pours in from around the world thanks to the Korean Peninsula’s geopolitical position.

At a South Korea-ASEAN CEO summit co-organized by the Korea Chamber of Commerce and Industry (KCCI) and the Ministry of Trade, Industry and Energy (MOTIE) on Nov. 25 at the Busan Exhibition and Convention Center (BEXCO), Rogers delivered a keynote speech on “global trade environment changes and the role of ASEAN.”

“Dramatic changes are taking place in Asia, and Korea is going to be the most interesting region going forward,” he predicted.

“Japan has reached its peak and is in decline, while the Korean Peninsula is poised to achieve an economic revival as North Korean resources and labor combine with South Korea capital and manufacturing,” he said.

“Combining North and South Korea gives you a country of 80 million people on the border with China. They’ll be capable of producing anything and selling products to markets around the world,” he added.

Rogers also predicted, “Once peace is established on the Korean Peninsula through reunification, there is a greater likelihood of defense budgets being used for other areas.”

“[Change on the Korean Peninsula] is not far away,” he said.

He went on to say that the peninsula “could end up as a global transportation hub once the [Chinese] Belt and Road Initiative policies are implemented and linkages with the Trans-Siberian Railway are rebuilt,” adding that ASEAN would “develop into a new trade route and market driving prosperity for the rest of the world.”

“With abundant resources, low debt, and a population of 600 million people, ASEAN is set to emerge as a new leader joining East Asia in driving global prosperity,” he said.

This is not the first time Rogers has made rosy predictions for South Korea and Asia as inter-Korean relations improve. For decades, he has praised the future potential of Asian markets, choosing to educate his own children in China. He has particularly stressed the possibility of massive overseas investment inflows once peace is established on the Korean Peninsula, explaining that he would “buy up land near the Armistice Line if I could.” During a visit to South Korea last May, he said, “I’m an investor who sees where opportunity lies and invests there.”

“In the past, a lot of people emigrated from South Korea to other countries like Japan, but we need to tell them to come back now. It’s the land of the future,” he said at the time.

- Source, Hankyoreh

Jim Rogers still optimistic about investing in North Korea

Jim Rogers, the Singapore-based US investor and chairman of Rogers Holdings, said he was still optimistic about investing in North Korea even after the country’s leader Kim Jong-un ordered the removal of all South Korean facilities from the Kumgangsan resort.

“I’ve never met the man so I don’t know what he thinks, but I speculated that maybe, what he was doing was part of a negotiation ploy,” Rogers said in a telephone interview with The Korea Herald on Sunday.

“If you tell somebody you’re going to do bad things, then they come and start to negotiate. I would suspect that he is trying to get better deals because he needs foreign investment very, very much.”

Rogers said he could not imagine Kim taking away investments that foreigners had made in North Korea because that would scare away other foreign investors.

“He wants to open North Korea, rebuild its economy and has said that he wants to do for North Korea what Deng Xiaoping did for China. He wants a peace regime,” Rogers said.

“I would like to invest in North Korea, but I’m not allowed to now because I’m an American and it’s illegal. ... Tourism is an obvious investment opportunity because the country has never been on the world tourism map. Once the North opens up, many people will want to go and see its beaches, mountains, temples and other man-made sites.”

Rogers was appointed outside director of Ananti, a South Korean company which built and managed a golf course in the Kumgangsan resort, in 2018.

On denuclearization of North Korea, Rogers said China, Russia, and South and North Koreas want it, but Japan was against it because it could not compete with an “open Korea.”

“The problem is the American army. South Korea is the only place in the world where America can have troops near the Chinese and Russian borders. So they don’t want to withdraw,” he said.

“I thought Mr. Moon Jae-in was tough enough to tell Trump to withdraw the US troops. ... Think of all the money South and North Korea would save if they didn’t have to spend so much on defense.”

About the global economy, Rogers said there were signs that the world was getting closer to the worst economic downturn in his lifetime.

“In 2008, we had a recession because of too much debt, and now the debt is much higher everywhere. ... Even China, which in 2008 had a lot of money saved for a rainy day, has debt now. So the next time we have a problem, it’s going to be terrible,” he said.

- Source, Korea Herald

Jim Rogers on China and Global Investment

Jim Rogers: Discusses Global Risks and Investment Opportunities

Legendary independent Investor, Jim Rogers, joins Steve Diggle, to talk about his career and how he sees the world now. 

Jim outlines the dangers of easy investing and his concerns over the potential for a major correction in financial markets. 

He also 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, Investors Journal

Jim Rogers: This Global Crisis Will Change Everything

Thanks for tuning into this RTD Live Talk ft. Jim Rogers. Tonight Jim joins us to share his thoughts on the economy, markets and strategies for wealth preservation.

- Source, RTD

Jim Rogers on Investing in 2019 and the US Debt Problem

Jim Rogers is an American businessman and financial commentator based in Singapore. He is the Chairman of Rogers Holdings and Beeland Interests, Inc. 

In 1973, Jim co-founded of the Quantum Fund with George Soros and having retired at the age of 37, Jim spent some of his time traveling on a motorcycle around the world - a Guinness World Record and one which is documented in Investment Biker, a international bestselling book. 

He has been a guest professor of finance at the Columbia Business School.

- Source, Economic Rockstar