Posted on 08/28/2016 3:16:28 PM PDT by Lorianne
The investing legend, who doesn’t belong to any economic school of thought, also touches on China and reminds RealVision subscribers that “Beijing has said we're going to let people go bankrupt, which I hope they do.” He then emphasized, “they don't do that in the West. The communist Chinese are going to let people go bankrupt, because they're good capitalists.” China has amassed debt and will not be able to help countries as they did the last time the world fell apart in 2008. “The next time the world comes to an end it’s going to be a bigger shock than we expect,” says Rogers. Still, while China will face problems, Rogers assures it “will be the most important country in the 21st century.”
Throughout the interview, Rogers describes unconventional investments including government bonds in Russia, where he proclaims, “the yields are astonishing.”
(Excerpt) Read more at zerohedge.com ...
Arm a geddin outta here.
Jim Rogers is no slouch in the world of finance and investments.
If anyone is going to listen to only one guy, it should be him.
If I remember correctly, he moved to Singapore and is making sure his kids know how to speak Chinese. I agree, he is no slouch and puts his money where his mouth is.
I like to see what other people think but was wondering.....how would I invest in Russian stocks? or currency or any of that?
If you sell everything and go to cash...cash isn’t safe, gold isn’t safe but “I own a lot of it”. He rambles on and on about currency moves and Nigerian markets.
I think if you’re out of debt and have some cash on hand you might survive, but what about those that are in the private sector that have their retirements in stocks or mutual funds? What are they to do?
I think he’s as clueless as everybody else. All I can see is a world war starting in Turkey/Syria, Ukraine, the Baltic States or South China Sea.
When that starts who knows what the economy or the world will look like.
“Lay not up for yourselves treasures on earth...” They will leave us or we will leave them - guaranteed.
bump
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