Tag Archives: CNBC

Jim Rogers, the co-founder (with Soros) of Quantum Fund and Asian-economy-guru has recently made some very interesting remarks and predictions on global economy. Below is the first of four interviews at CNBC. Some other speakers join the very vivid and controversial discussion (Commodities versus treasures). Some years ago Rogers had moved from New York to Singapore – also because of the highly motivated “human environment” in Asia and especially China – whatever he wants to say with that.

Below are some of the key-points and highlights from the interview [Comments in brackets come from me]:

- Jim Rogers is 100% sure that we will have a deep currency crises by the end of this year or latest next year, which affects at least one major currency – most probably the USD or the Pound. “The $ is a terribly flawed currency…” [Well, having worked with Soros, Rogers should know something about currency-manipulation]

- Fundamentals are getting better for commodities, not for stocks – and supply of commodities is going down. Invest in hard assets [to protect, not to 'make' wealth]. Silver is currently better than gold [because it is underrated]

- Countries like Brasil who produce natural resources will boom. He is also still strongly bullish on China […but had mentioned in a former interview that times are over when investors had not to think about geostrategical factors - meaning revolutions and wars. From this point of view China therefore bears a somehow higher risk].

- During the next months stock markets will be very volatile; but they are pushed by ‘artificial’ money that has been poured into the market. [So this basically is another even more artificially constructed bubble that - as others have mentioned before - had been created to 1.) buy some time, and 2.) squeeze out the rest of people's money before the great inflation].

- “Every Central Bank in the world is printing huge amounts of money. This has never happened …”

- In part 2 there follows a nice discussion on Princeton and Yale and whether Bernanke had been one of only 3 non-socialist students [very interesting for a CNBC interview!] – and whether he is still an “independent” banker. [Very funny indeed!]

- Rogers: Deflation – if it will happen as to the classical model – it will be for a short period only, due to the large sums of money currently printed all over the world.

- China, especially China, is asking a tough question about the FED’s independence [!] … and A. Merkel eventually emerges as a hero [haha - finally, after Obama, we also get a female messiah!].

So, be creative and do something out of it. I believe the current situation has great creative potential – also for the small people … if you have the right informations and if you can draw your own conclusions. Don’t trust the experts too much. Most of them are trained for ‘peace-economies’ and seem to not to see the wood for the trees. Many economists today have not much clue of crisis-economies nor the history … for example of paper-money. Research it: During the last few thousand years there have been several experiments with paper-money. All have ended up in inflation and every time inflational money ended up in the pockets of those who issued and printed the money. And always at a certain time nobody really knew anymore how much money really had been printed and was circulating. What followed was the collapse of trust and shortly after the collapse of currencies.
Iceland and Zimbabwe might be closer than you believe…
And if you still believe that today’s central banks, who issue our money, are in the firm hands of elected governments – do some research!

Have a nice week!

Parts 2 – 4 of the interview are here:

Part 2 |
Part 3 |
Part 4