Central bankers 'don't have a clue' - Jim Rogers (CNN BUYS CLUE?)

CNN Money ^ | First published February 15, 2016: 9:03 AM ET | CNNMoney (London)

[SaveFerris]

Famed investor Jim Rogers is warning that financial Armageddon is just around the corner, and it's being fueled by moronic central bankers.

"We're all going to pay a horrible price for the incompetence of these central bankers," he said Monday in a TV interview with CNNMoney's Nina dos Santos. "We got a bunch of academics and bureaucrats who don't have a clue what they're doing."

The Singapore-based American investor said central bankers are doing everything they can to prop up financial markets, but it's all for naught. He predicts their unconventional monetary strategies will lead to a stock market rally in the near future, but deep trouble later this year and into 2017.

"This is going to be a disaster in the end," he said. "You should be very worried and you should be prepared."

[SaveFerris]

But how can this be, CNN? 4.8% Obama unemployment and he is the great financial wizard whose boots y'all have been licking.

Maybe he's just a constant, pathological, liar?

Correction? American market?

PREPPING? Now you're talking crazy. Besides, prepping is illegal in Venezuela and look how great they're doing.

[SaveFerris]

fyi

[nickcarraway]

Jim Rogers is a permanent, so he thinks everything is going to collapse all the time.

[Jack Hammer]

Of course they don’t have a clue - the ‘head honcho’ who appointed them is a chronic Idiot.

[nickcarraway]

Rogers also works for China and thinks they have the only good government in the world.

[nickcarraway]

Permabear, not permanent.

[HangnJudge]

Central Bankers definitely have an agenda
They want to head up the “New World Order” with
Themselves at the top, and all of us in Vassalage

[SubMareener]

Yes, the markets will stay up, just as long as nobody looks down! ;-)

[SkyPilot]

Is this where my financial advisor tells me: "the market willweather this fine, stay on the ship, and don't panic like everyone else."

[SkyPilot]

Jonathan Cahn said America had to be ready, because he believed a great shaking was coming to the United States. He said it could be financial, war, natural disaster, or a combination. He based his words on prayer, on scripture, and on the ancient Shemitah cycle. He also warned, in very specific terms, that God did not have to act - whatever happened was all up to Him.

For some reason, everyone thought that since we did not have a complete economic collapse last September, that his prediction is over. Not only did August and September see wipe outs of Trillions from the world's markets, even the experts and almost all financial media agree that between the banks, the markets, and the collapse of oil - something very, very horrific is about to unfold on the global financial landscape, perhaps very soon.

[SkyPilot]

Central Bankers definitely have an agenda They want to head up the “New World Order” with Themselves at the top, and all of us in Vassalage

That is very true. The NWO used to be for "conspiracy" theorists - but as Dick Morris said over 2 years ago, "It turns out the conspiracy theorists were right."

[laplata]

Thanks, SkyPilot.

[SkyPilot]

From the article:

"Central bankers around the world have been increasingly using negative interest rates to prop up inflation and support their economies, but Rogers said the moves aren't working. He said they are simply trying to rescue stock markets and help brokers keep their Lamborghinis. "The mistake they're making is, they've got to let the markets sort themselves out," he said. "It's been over seven years since we've had a decent correction in the American stock market. That's not normal ... Markets are supposed to correct. We're supposed to have economic slowdowns. That's the way the world has always worked. But these guys think they're smarter than the market. They're not."

By pushing negative interest rates, they want you to take money out of your bank and "invest" it in this insane house of cards market.

They even admit as much.

But in places where negative interest rates have already been introduced, they have had the opposite effect.

What negative rates mean for average investors

This guy is speaking heresy to the stock bugs (and he is correct):

"What should an investor do in negative rate environment? Ashwin Alankar, Janus Capital Group's global head of asset allocation and risk management, said to hold more money in cash. Despite it not making much in a bank account, it the U.S. goes negative, the global economy will be thrown into such uncertainty that putting money into anything else is a risk."

[laplata]

Jonathan Cahn said America had to be ready, because he believed a great shaking was coming to the United States. He said it could be financial, war, natural disaster, or a combination.

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A Perfect Storm.

[ameribbean expat]

And he was Soros’ partner before he went out on his own. Always have a soft spot for Jim Rogers for being candid about how to array debt on a spread sheet, but you are correct...he’s been predicting the collapse of the USD since I first read him in the mid 1980s.

[laplata]

And he was Soros’ partner before he went out on his own.

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That’s not good.