Preps and Solutions
(Sponsored Ads)
Silver
Strategic Relocation
Recently Posted Articles and Videos
Ready Nutrition - Homesteading and Preparedness
Ready Gardens - A Ready Nutrition Company
The Daily Sheeple
The Prepper Website
SGT Report
SGT Report
top Prepper Web Sites
Featured Destinations
The Liberty Mill
Web Destinations

Clarocet for Kids
Silver

Jim Rogers – Asian Financial Forum – January 20, 2009

Mac Slavo
January 30th, 2009
SHTFplan.com
Read by 78 people

Jim Rogers at the Asian Financial Forum Video Follows the Story Below

Jim Rogers, CEO of Rogers Holding gives a talk on making money in hard economic times. Mr. Rogers says that most people need a bull market to make money, but his concern is that the markets today, at best, will be volatile, with little or no growth.

If you want to make money in this period of time, as far as I’m concerned, the place to do that is in raw materials, or natural resources, or commodites, call them what you will.

He suggests that historically, periods of forced liquidation, like we have now, lead people to have to sell everything, without regard to market or economic fundamentals.

The way you make money, historically, is to find the thing where fundamentals are not impaired, and that’s what you buy.

Jim Rogers indcates that not only are the fundamentals of commodities not impaired, they are actually enhanced. According to Mr. Rogers, we should see an upside in commodities for a number of reasons:

  • Farmers unable to get financing for basic farming necessities like fertilizer
  • Nobody can open a new mine; mines are closing
  • The world’s oil reserves are declining at 6.7% per year; all of the world’s reserves of oil are in decline
  • The world’s inventory of food is the lowest we’ve seen in many years
  • The supply of most commodities is coming under terrible pressure at a time when the world will continue to consume them

His predictions about the future of agriculture are gloomy if you are a consumer, but for investors who take the initiative, there is money to be made:

One of the great industries of the future is going to be agriculture. There are going to be magnificient fortunes made in agriculture and agricultural products.

The people who produce real things – farmers, miners lumberjacks,oil men – are going to be the people who are making the money.

He also spent some time discussing government bonds and the bubble that is forming, not just in the US, but worldwide.

Anyone who is buying government bonds right now is making a terrible, terrible mistake. This is going to end badly.

On Equities:

They were in a bull market throughout the 80’s and 90’s. That bull market has come to an end. In my view that bull market ended in 2000.

On economic stimulus:

The idea that you can solve a period of excess borrowing and excess consumption with more borrowing and more consumption, and destroying more balance sheets, to me, is ludicrous on its face.

Jim Rogers echos what many other trend forecasters like Marc Faber, Peter Schiff and Gerald Celente have been saying for the last 2 years. We have much more doom and gloom to come.

Jim Rogers at the Asian Financial Forum Part 1 of 2:

Jim Rogers at the Asian Financial Forum Part 2/2:

Click here to subscribe: Join over one million monthly readers and receive breaking news, strategies, ideas and commentary.
Gas Masks, Filters, Body Suits, Anti Radiation Pills
Please Spread The Word And Share This Post

Author: Mac Slavo
Views: Read by 78 people
Date: January 30th, 2009
Website: www.SHTFplan.com

Copyright Information: Copyright SHTFplan and Mac Slavo. This content may be freely reproduced in full or in part in digital form with full attribution to the author and a link to www.shtfplan.com. Please contact us for permission to reproduce this content in other media formats.

 

Web Design and Content Copyright 2007 - 2015 SHTF Plan - When It Hits The Fan, Don't Say We Didn't Warn You - All Rights Reserved

Our Supercharged Intel Xeon E5-2620 v4 Octo-Core Dual Servers are Powered By Liquid Web

Dedicated IP Address: 69.167.174.108

The content on this site is provided as general information only. The ideas expressed on this site are solely the opinions of the author(s) and do not necessarily represent the opinions of sponsors or firms affiliated with the author(s). The author may or may not have a financial interest in any company or advertiser referenced. Any action taken as a result of information, analysis, or advertisement on this site is ultimately the responsibility of the reader.

SHTFplan is a participant in the Amazon Services LLC Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to Amazon.com.