When it comes to economists, investors, and all manner of financial observers, there is only one way to measure the value of their opinion. Are they good at predicting the future? Obviously, no one can predict the future with 100% certainty, but they should be able to make some broad predictions with reasonable accuracy. If they don’t have a good track record of that, then their opinions are worthless.
World famous investor Jim Rogers doesn’t have that problem. Since the 1970’s, he’s consistently made a killing every time the global economy has taken a nosedive. You can only do that if you have gift for prognostication, and Jim Rogers has it. However, his latest prediction is alarming to say the least.
During a recent interview with Business Insider CEO Henry Blodget, Rogers predicted that another global economic crash will arrive within the next year or two, and that it will largely be fueled by the massive debt obligations and financial bubbles that grew to mind boggling levels after the last financial crisis. When asked how serious this crash is going to be, he gave a sobering warning.
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.
In fact, he thinks that it’ll be so bad, that the world is going to look drastically different after the crisis passes.
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.
Don’t be fooled by the financial analysts you see on TV, who are all busy remarking on how high the stock market is, and how low unemployment has become since the last financial crisis. Times are always good before the crash. Life is always a joy when you’re living unsustainably. It stops being fun once the bills are due, and they’re going to come due for our economy very soon. And people like Jim Rogers, who make their living on predicting these events, are sounding the alarm.
Read More:
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The “coming economic crisis’ has come already! It is here!
Those who are leveraged will be crushed. Buffet has a tonne of cash. Take the hint. Cash will be King. And King dollar will be used by the Uber Rich to buy up the assets of those without cash for pennies on the DOLLAR.
The more things change, the more they remain the same. 🙂
It is gonna be a big’
yes….but are we in the 3rd inning? or is this the 7th inning stretch? i think they are still in the parkin’ lot, filing in to see the START of the game….oh, and did they mention…..it’s a DOUBLE-HEADER?
buttcrackofdoom,the political turmoil and the economic reset that is coming, is of course, connected.
Our/the NWO’s confrontations with Syria=Ukraine=Russia and China Sea=North Korea=China are TESTS for China and Russia. Both Russia and especially China have GREATLY benefited from joining the NWO. Now they are being asked to prove their loyalty and give up their strategic assets. It shouldn’t matter to them, IF they are really part of ONE system.
Their respective Nationalistic pride is preventing them from giving up their SOVEREIGN INTERESTS!
Justice. Neither China Nor Russia Joined the NWO. You been smoking crack again? You talk in circles and make no sense.
CrackSumSkulls, no man, I gave that sh^t up last week!
Check out this video. I think it “sums up” a lot of other information I’ve read. I don’t want to write a treatise regarding the validity of my post. World War 3 is Coming – Shocking Predictions Coming True.
https://www.youtube.com/watch?v=3gNLmpjw8iM
The 2 main points the video summarizes are;
“We allowed China to increase military strength and Russia to recover from Sovietization, to give them a false sense of bravado, this will create an altogether faster demise for them.”
“The coming war will be so severe that only one superpower can win.”
Henry Kissinger
The Big Crash already Happened in Nov of 2008, and all of this phony drip drip drip economy was propped up with the printing of worthless IOU Fed Paper money and backed with Military Perpetual WARS. The US is in their last throws of any normal economy, and the downfall continues. Auto Bubble, Real Estate Bubble, Student Loan Bubble, Derivatives Debt, Debt, Debt Debt,. etc… Rogers will wake up when he figures out his paper money is worthless. To him that will be the crash. Or when his money cannot buy him food or protection or transportation of out harms way.
For most Americans, especially the Middle class, it happened in about 1992 with NAFTA’s destructive policies, and again on 9-11 in 2001 and the destructive GW Bush policies for outsourcing, who said that was a good thing, and loss of freedoms. So when you are already at the bottom, any crash is not that far way, or down..
We are just waiting for the big fat cats like Jim Rogers, who have no skills to prep or survive, and can no longer rely on his money to get what he wants, will be on the streets like any other common folks. Many of those one fat cats, will not be able to cope, and to them it is the crash. They are just coming to the depression party last. Welcome you schmuck!!! Now start digging, and he will ask why? and we will say, “There are those with guns,.. and those who dig, start digging Rogers.” ~Clint Eastwood Quote.
Laugh if you want about Rogers, HE’S STILL BETTER PREPARED THAN YOU.
I don’t know whether to laugh or stab you in your stupid eye
I usually get an economic crash every time my boss says,”you are fired A-Hole.”
The “coming economic crisis’ has come already! It is here!
Only if you are poor. The real coming economic crisis is when the rick are poor.
Really ? Where ?
I truly appreciate what Jim Rogers has to say. Smart guy. That being said, his faith in Asia, and in particular China, is misplaced. He and his children will starve while the totalitarian regimes in the region use brute force to protect the upper echelon of government elites. He would be better off in the redoubt. At least he has the means to protect himself there, as well as being surrounded by like-minded people. Now that’s an asset you can bank on.
This to me means he underestimates the coming global economic collapse by several magnitudes. What’s the state of his preps in his mansion in Singapore? Willing to bet he has less than a week’s worth of food there and no weapons. And Long Duk Dong the bodyguard will be long gone in a SHTF scenario. Good luck with that, Jim. Be sure to speak Mandarin to the guys coming over the compound wall.
Mal
Well said Mal, but Rogers probably has TONNES of preps there in Singapore; making his compound all the more attractive to loot.
His girls may speak Mandarin, but that won’t stop them from being raped and murdered. It will however give them the ability to say “NO” in a language their attackers will understand while they are being gang raped; and before their throats are cut.
Americans of all racial stripes should be in America when the ball drops and the balloon goes up !!! 🙁
durangokidd, you are absolutely correct when you state, “Americans of all racial stripes should be in America when the ball drops and the balloon goes up !!!”
That is the main reason I did not bug out to another country. It’s still preferable to live here, even as all of America becomes Detroit, than to be an American in a foreign land.
When things go tribal, it’s best to be with your TRIBE!
Oh they’ll fire up their thorium reactor just about any time now. After that… yeah it will take a while to deploy the infrastructure but yes, the future is just like Looper minus the time travel. China 1st world, US 5th world.
That said.
What makes anyone in the West, be they rich, poor, intelligent, or indifferent, think that the Chinese will accept them into their society?
LOL!
Nooooope.
LMAO!
https://www.youtube.com/watch?v=afnJbdT4t5g
i cant count the number of times ive heard this prediction in the past
He’s going to need more than Mandarin. The Chinese eat dog and they also eat babies. You better watch those kids. They chow down on aborted babies in good times. What do you think they’re going to do if TSHTF in China.
?
__
SHTF in China???? They live in the SHTF!!! LOL!
So right–did you read the article showing the poor living in coffin-like boxes? 3 X 10.
We here are blessed. This spoiled nation can’t even define ‘poor’.
JayJay, we need to be really thankful to have the following:
1. Indoor Plumbing- I’ve read the majority of people on the planet have never used an indoor toilet.
2. Electricity
3. Refrigeration
4. Air Conditioning/Indoor Heating
If you have these things you should be very happy and your better off than most people in the world. These things are huge and we don’t appreciate having them available. As preppers, we should know this. In a grid down situation, which among us would kill to have these things?
Justice,
Better get use to to living without those ‘modern’ conveniences. You’ll be way ahead of the masses. It is not if, but when!
Louisiana Eagle ?
Aborted baby batter biscuits ?
https://youtu.be/XRZUZyglfMA
There are so many rabbits around here, and birds. I don’t think anyone around this area will starve. It is more a matter of quality of life, than actual survival. These articles are like crying wolf, you hear it so much, your mind just tunes it out.
I have been doing something that may help me make some money later on, or not. If I start making bucks again, I will use some of the things I’ve learned here to keep me grounded. So, I don’t go out and blow it all.
I attended a lecture on how to become financially independent. The lecture just reminded me of things I already knew. But it was good to be reminded.
One of the first things is to save for retirement from your first paycheck to your last. Take out 10% off the top before paying bills or buying food. Actually, even after you retire, you can still take a small % and save it for the future.
__
First of all, there aren’t enough birds and rabbits to feed everybody. Throw in deer and all manner of animals it will run out quickly. that 10% you keep pulling out will be worthless along with the rest of your money shortly. Load up on food,ammo medical supplies,guns and barter goods and have no debt..period. Just make sure you are healthy,have some tradable skills and people around you you can trust and get as far off the grid as possible.
And along with this advice, be damned SURE to use that 10% on the principal of your mortgage so when you can’t pay your property taxes, you’ll lose even more!!
JayJay, great point (“when you can’t pay your property taxes, you’ll lose even more!”). That is why my next move is to a low property tax state. The state will steal every asset they can get their hands on, especially where the gimeecrates outnumber the producers.
Justice–on a site I visit weekly, a poll was taken about property taxes in resident states of posters.
I’m in Ky., and only two beat our property taxes according to price paid…NOT square footage, etc.
We pay per house worth and mine hasn’t changed in 9 years…yet!!!
I believe I have this info. correct.
Oh, 2100 sq ft, 2 car attached garage, 4 br, 2 1/2 bath on one acre.
Nothing special but huge closets and tray ceilings.
150K…and across the state line, 12 miles away, this house would sell for 200K in Tn.
And the states that beat your state?
Yep – thats what I have been meaning to do – learn to trap rabbits. Theres a lot around me aswell.
You get good tips from tv programs such as the last alaskans and life below zero.
Their set up there.
Better off raising rabbits and chickens, start throwing them into the freezer, or canning the meat. Get 3 New Zealand Females and 2 California Bucks. And get breading. You should have a freezer full by the end of the year.
There are 2 Pregnant Doe, Deer on my property nesting right now and at least 1 yearling Buck. The Doe’s should be dropping the fawns soon. If you want to attract all sorts of animals you, just start throwing out some cracked corn and watch them come in for their daily feeding rounds. Have a few wild Turkeys here too that circle in.
And I sure don’t have any domestic pets that would scare the wild life off. You have a big dog, you will probably go hungry and never attract any wild life. Same with Cats, they are predators, and will kill all the birds and squirrels. And if you are worried about mice in your house, quit being a slob and pick you food up and dispose of it, after you eat.
There is a neighbor down the road that said, I don’t have any squirrels or turkeys that come on his property. I said that’s because you cut down most of your trees on your property and you have 5 friggin dogs yapping all the time. That’s why. Good neighborly guy though and would help anytime I would ask. A good beer drinking neighbor. haha. We are the last properties on a dead end road with a fresh water lake. No BS out here. And we shoot guns off anytime we want. Good country life.
Damn you ‘preppers” are naive….
Oh wait, maybe a pandemic will only take out the city folk… And not the majority of all living creatures… That’s right, what was I thinkin…
Rabbits and Squirrels and Birds OH MY!!!!
Great comedy relief…. Thankx…
‘Preppers’ are all summed up in a few remarks on a comments board, right Orion?
What preppers do is try to improve their odds regarding survival. Most non-naive adults know that we all have no guarantees when the SHTF.
Orion, you do what works for you and I hope you get the results you want.
<bb
Rabbits? Squirrels? Birds? My home is surrounded py pork. Long pork.
Of COURSE they will try to blame Trump. Problem is, except for the mindless, fascist left, a mass number of people KNOW it was Obama, including his doubling of the national debt. It may be a plurality, if not a majority (same people who elected Trump) who assign the blame where it correctly belongs – Obama and the left. Let’s continue to communicate on our side to win over those on the fence to the truth.
where TF is your link on todays shooting?
Not sure?? somebody does not like baseball?
Wondered the same
I guess here we go again.
I guess by now everyone has heard about the shooting in Alex Va.
today.
Now that a Congressman is involved here comes more gun control recommendations.
I wonder if this is something to pit us against each other to make our country down fall ???????
And good job Capitol Police officers, and Alexandra Police in your response and shooting this individual that did this terrorist act.
I wonder though if a private citizen that was armed and near by could have stopped this guy ???????
The subject that did the shooting 1st report was using a M-1 Rifle with a large capacity mag.
Why would you?