Posted on 06/27/2016 10:55:41 AM PDT by GilGil
The UK's decision to leave the European Union will lead to an economic crisis more severe than what the world faced in 2008, according to legendary investor Jim Rogers, chairman of Rogers Holdings.
“This is going to be worse than any bear market you’ve seen in your lifetime,” he said on Yahoo finance’s “Market Movers” program Monday. “2008 was bad because of debt. The debt all over the world is much, much higher now. Stocks in the US, for instance, have been going sideways for 18 months to 24 months. That’s called a distribution by many people. When you have distribution for a year and a half, it usually leads to bad things.”
(Excerpt) Read more at finance.yahoo.com ...
Don't know if he is still Soro's buddy, but he had the balls to put his money were his mouth is and moved to Singapore with his family on 2007 as he saw the collapse coming. ( FWIW Beck did as well and the WSJ warned of CMO's if you or had friends that stumbled upon it. )
He is a bit of an odd duck, but he has my attention after his 07' move...
If you’re looking for a good argument go someplace else.
That all makes total sense. Thanks Gil!
"For what does it profit a man to gain the whole world and forfeit his soul?" - Mark 8:36
Printing money.
“Rogers — who cofounded the Quantum Fund with George Soros in the 1970s — “
Read no further.
Portugal is the world’s leading producer of cork. Don’t dis it.
A man of his word and perhaps a warning of the Obamination to come. If you don’t see it that’s fine but IMHO he was way ahead of the curve...
So he did what he said he would do
What did it accomplish for him or his family ?
Simple question
You going to move there ?
Yes , Old Jimmy Rogers is working with Soros to intentionally spreading panic in order to cash in .
These two evil monsters are trying to chum the market panic on purpose .
You’d have to ask him, but if my memory is correct it was a more liberty orientated move to protect his children. As to my family, I don’t discuss it here. However, if you or I had a child looking towards medicine as a career and what Obamacare is doing perhaps their more free market system maybe a magnet for those that don’t want to be under a yoke....
Not even close.
Back in 2008, we had a team meeting and went over the shakeup in 401k plans.
We were just told that THE most secure section of our 401k just went bankrupt.
AIG.
Now that was much worse.
Jim Rogers is still alive?
In laws just returned from 2 weeks in Portugal. Sounded great. I’d go in a heartbeat.
And I’ve used the cork to good advantage, tasty advantage.
Our quarrel, such as it was, was over the relative size/importance on the the world stage of the U.K. Economy.
Just off the top of my head, that sounds like a recipe for war. Think Lebensraum. I’m open to arguments.
>> the relative size/importance on the the world stage of the U.K. Economy.
May not be much U any more. They could call it Little Britain if Wales decides to stay in, or else just go back to England. Hey, it’s a sceptered isle, which ain’t bad.
Yes Jim Rogers is gloom and doom on any given day. Not that I believe things are good. They are pretty bad. We were in Bass Pro Shop today and we could hardly shop for the employess either sayin hi or asking us if they could help us. My guess is sales are waay down.
Yep. They create an opportunity for themselves, and assign a scapegoat for the loss the others take. A win-win, for them, and totally fraudulent...
the infowarrior
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