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Old 30.06.2017, 12:25
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JIM ROGERS: The worst crash in our lifetime is coming

So what is your opinion? Is he right, is he wrong, is he exaggerating?
If he is right what precautions are you taking?

http://uk.businessinsider.com/jim-ro...17-6?r=US&IR=T

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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.
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Old 30.06.2017, 12:27
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Re: JIM ROGERS: The worst crash in our lifetime is coming

Oh a good news thread at last!
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Old 30.06.2017, 12:35
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Re: JIM ROGERS: The worst crash in our lifetime is coming

It's not news. The guy has been telling that for years, he's terrible at market timing:

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers
2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election”
2013: Jim Rogers Warns: “You Better Run for the Hills!”
2014: JIM ROGERS – Sell Everything & Run For Your Lives
2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash
2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING
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Old 30.06.2017, 12:37
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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The guy has been telling that for years, he's terrible at market timing:

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers
2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election”
2013: Jim Rogers Warns: “You Better Run for the Hills!”
2014: JIM ROGERS – Sell Everything & Run For Your Lives
2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash
2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING
2017: THE BOTTOM LINE: Legendary investor Jim Rogers expects the worst crash in our lifetime
he will be right at some point
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Old 30.06.2017, 12:48
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Re: JIM ROGERS: The worst crash in our lifetime is coming

Jim Rogers has forecast nine of the last two crashes.
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Old 30.06.2017, 12:53
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Re: JIM ROGERS: The worst crash in our lifetime is coming

Jim Rogers...sounds like an Evangelist's name...and we all know what they are like!
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Old 30.06.2017, 12:54
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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Jim Rogers...sounds like an Evangelist's name...and we all know what they are like!
Touting for cash donations?
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Old 30.06.2017, 12:59
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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Jim Rogers...sounds like an Evangelist's name...and we all know what they are like!
Actually, I had Ted Rogers in mind...
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Old 30.06.2017, 12:59
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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Touting for cash donations?
there you go...at one point, if not already, he may "recommend" where to move your money to...
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Old 30.06.2017, 13:00
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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Actually, I had Ted Rogers in mind...
Oh, Dusty Bin. The hours I spent as an uncoordinated child trying to do the "3-2-1" thing...
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Old 30.06.2017, 13:02
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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Oh, Dusty Bin. The hours I spent as an uncoordinated child trying to do the "3-2-1" thing...
still canae do it...
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Old 30.06.2017, 13:09
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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Actually, I had Ted Rogers in mind...
Bllody hell. He makes Trump look anemic.


The most obscure clues ever;

The card says 'Congratulations, you've won a car!'

What's another word for congratulations? Cheers.

You, as in "U", the letter four after "Q".

Won, sounds like the the first PRIME number.

A car. What's a car got? Wheels and a boot.

What else has wheels and boots? That's right. Dusty Bin! You've won Dusty Bin!
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Old 30.06.2017, 13:52
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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What else has wheels and boots? That's right. Dusty Bin! You've won Dusty Bin!
Some of those riddles had Mensa candidates scratching their heads. Still better than winning a motor boat on Bullseye when you live in Birmingham.
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Old 30.06.2017, 19:45
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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It's not news. The guy has been telling that for years, he's terrible at market timing:

2011: 100% Chance of Crisis, Worse Than 2008: Jim Rogers
2012: Jim Rogers: It’s Going To Get Really “Bad After The Next Election”
2013: Jim Rogers Warns: “You Better Run for the Hills!”
2014: JIM ROGERS – Sell Everything & Run For Your Lives
2015: Jim Rogers: “We’re Overdue” for a Stock Market Crash
2016: $68 TRILLION “BIBLICAL CRASH” Dead Ahead? Jim Rogers Issues a DIRE WARNING
Thanks for making me aware of his former "predictions" ... this puts his current one into "context".
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Old 30.06.2017, 20:03
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Re: JIM ROGERS: The worst crash in our lifetime is coming

how do I dump 10,000 rounds of ammo?
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Old 30.06.2017, 22:29
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Re: JIM ROGERS: The worst crash in our lifetime is coming

... pocket book is empty...

Jimmie Rodgers - Waiting for a Train
https://youtu.be/gbzc77Tz6PA
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Old 30.06.2017, 23:14
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Re: JIM ROGERS: The worst crash in our lifetime is coming

Which planet?
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Old 01.07.2017, 03:04
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Re: JIM ROGERS: The worst crash in our lifetime is coming

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Thanks for making me aware of his former "predictions" ... this puts his current one into "context".
Well, to be honest he does have a point, there is a problem - the markets have become a bit too addicted to QE. You can't just unprint $15T already injected into the economy in one way or another and not suffer from some withdrawal effects. But you can hardly time and predict how'd it all end - in 2013 the mere news of a potential tightening did, as you would expect, cause a panic and a big sale at least in the bond market, "taper tantrum", but the central bankers just printed their way out of it anyway.

Invest with care, stay diversified and hoard lots of cash just in case - Buffett does.
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