Monday, October 21, 2019

Jim Rogers : The US Dollar is not a Safe Haven











The FED is keeping on debasing the U.S. dollar through its Q.E. and repos . Rogers Holdings Chair Jim Rogers said in a recent interview with Real Vision that the U.S. dollar is "doomed and its fundamentals are "horrible" — but instead of running for the hills, he's actually piling more investment in to take advantage of a coming last-gasp rally. "People would think the U.S. dollar is a safe haven; it's not. The fundamentals are horrible. Nobody in his right mind would buy the U.S. dollar, but I own a lot…because I'm not in my right mind. I'm assuming that the rest of the world is not in its mind either, and they're all going to buy it," Rogers told Real Vision in a recent interview. He predicts the dollar will eventually get overpriced and turn into a bubble, and then the veteran investor, who founded the Quantum Fund with billionaire George Soros in the 1970s, will sell. "I'm not very good at market timing, but I would expect it to be in the next period of turmoil, which will be coming in the next two or three years," he said. And, yes, he still thinks the "worst bear market in my lifetime is coming," he said, reiterating a point he's made several times, including May of this year. "No (I don't know when it will happen), I will just say it will be the worst in my lifetime. It has been over ten years since we had a serious bear market in the United States. I would suspect by the end of this year, or next year, it will start," Rogers said in May. "These things always start small, where people are not looking, and then they work to the major markets, and then you see them on the major news." Rogers' forecast shows he thinks the dollar will eventually be overpriced and turn into a bubble, which is exactly when he'll sell. "I'm not very good at market timing, but I would expect it to be in the next period of turmoil," he said, "which will be coming in the next two or three years." Rogers' forecast shows he thinks the dollar will eventually be overpriced and turn into a bubble, which is exactly when he'll sell. "I'm not very good at market timing, but I would expect it to be in the next period of turmoil," he said, "which will be coming in the next two or three years." There are a lot of headwinds for the dollar; Rogers contends because the U.S. is "the biggest debtor nation in the history of the world," he said. Meanwhile, countries like China, the world's second-largest economy that just so happens to be locked in a trade war with said debtor nation, Russia, and Brazil, are working toward finding a new international currency to buy. Rogers himself agreed with that particular move and said he himself would switch to the Chinese yuan and likely gold when he sees the end coming for the dollar's lofty reserve status. Rogers, who founded the ultra-successful Quantum Fund with George Soros back in the 1970s, doesn't currently own any U.S. stocks, saying he's mainly interested in Russian equities at this time. And, yes, he still thinks the "worst bear market in my lifetime is coming," he said, reiterating a point he's made several times, including May of this year. "No (I don't know when it will happen), I will just say it will be the worst in my lifetime. It has been over ten years since we had a serious bear market in the United States. I would suspect by the end of this year, or next year, it will start," Rogers said in May. "These things always start small, where people are not looking, and then they work to the major markets, and then you see them on the major news." The only reason the Federal Reserve has been in a position to print more money recently is simply that they are in a strong position to be able to do so as the world's leading reserve currency. If that changes, then the Americans won't have the possibility of just hitting the button and setting the printing presses rolling. That means the U.S. will be in no other position than to end up having to pay their debt back. All monopolies are bad. A US Dollar monopoly is also in that category. The power that comes with a monopoly (hegemony) is usually abused, and then the abused people rebel and create a war. Not good. Time for choice and diversity!!! A reserve currency is one of the scores of currencies held by central banks. It usually is the currency of the economic empire of the moment. This is much easier for Central Banks when they enter into the ledger the dollars received for their exports, and the money tourists spend in their cities against the dollars expended on imports and the monies spent by their citizens abroad. Nowadays, it's just a matter of telling a computer to transfer funds from one Central Bank to another. Perhaps crypto that can only be used by the Central Banks. No one ever decreed the eternal existence of a reserve currency. Reserve currencies will be buried and forgotten after the paradigm shifts, and the global economy is reset.










Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.









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“Control oil and you control nations; control food and you control the people.” Henry Kissinger


once a standing army is established, in any country, the people lose their liberty.”
George Mason

“Military men are dumb, stupid animals to be used as pawns for foreign policy.”
Henry Kissinger

“If you are an ordinary person, then you can prepare yourself for war by moving to the countryside and building a farm, but you must take guns with you, as the hordes of starving will be roaming. Also, even though the elite will have their safe havens and specialist shelters, they must be just as careful during the war as the ordinary civilians, because their shelters can still be compromised.”
Henry Kissinger

"We don't let them have ideas. Why would we let them have guns?" Joseph Stalin

The people who cast the votes decide nothing. The people who count the votes decide everything.
Joseph Stalin

Governments keep a lot of secrets from their people . . .
Why aren't the people in return allowed to keep secrets
from the government?

PHILIP ZIMMERMAN, DER SPIEGEL

“Some call it Communism, I call it Judaism.”

Rabbi Stephen Weiss

“Anti-Communism is Anti-Semitism.”
Jewish Voice, July - August 1941

Taxing People is Punishing Success
UNKNOWN

There's the rich, the poor, and the tax payers...also known as the middle class. Robert Kiyosaki

The Tax you pay is The Bill for Staying Stupid

Stefan Molyneux


“The modern banking system manufactures money out of nothing. The process is, perhaps, the most astounding piece of sleight of hand that was ever invented. Banks can in fact inflate, mint and un-mint the modern ledger-entry currency.” Major L L B Angus

The few who understand the system will either be so interested in its profits or so dependent on its favours that there will be no opposition from that class, while on the other hand, the great body of the people mentally incapable of comprehending the tremendous advantage that capital derives from the system will bear its burdens without complaint and perhaps without even suspecting that the system is inimical to their interests.
The Rothschild Bros

"Debts must be collected, bonds and mortgages must be foreclosed as rapidly as possible. When, through a process of law, the common people lose their homes they will become more docile and more easily governed through the influence of the strong arm of government, applied by a central power of wealth under control of leading financiers.

This truth is well known among our principal men now engaged in forming an imperialism of Capital to govern the world.

By dividing the voters through the political party system, we can get them to expend their energies in fighting over questions of no importance. Thus by discreet action we can secure for ourselves what has been so well planned and so successfully accomplished."

USA Banker's Magazine, August 25 1924


Cutting Tax Rates stimulates Economic Growth creates more Profit , more Jobs and therefore The Treasury ends up with more Tax Money
UNKNOWN

Taxation is legalized Theft
UNKNOWN

"The Objective of the Bank is not the control of a conflict , it's the control of the debt that a conflict produces . The real value of a conflict , the true value is in the debt that it creates . You control the debt , you control everything . this is THE VERY ESSENCE OF THE BANKING INDUSTRY , to make us all , whether we be nations or individuals , SLAVES TO DEBT " An UNKNOWN Banker

Patriotism is the last refuge... to which the scoundrel clings .... Steal a little and they throw you in jail ..steal a lot and they make you king ....

Bob Dylan


"Corporations are stealing billions in tax breaks, while the confused, screwed citizenry turn on each other. International corporations have no national allegiance, they care only for profit." Robert Reich


There is NO political answer to a spiritual problem!
Steve Quayle


Po
litical Correctness is a Political Stand Point that does not allow Political Opposition , This is actually The Definition of Dictatorship
Gilad Atzmon

The modern definition of racist is someone who is winning an argument with a liberal
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When People lose everything and have nothing left to lose , They Lose It !

GERALD CELENTE

Your Greatest Teacher is Your Last Mistake
DAVID ICKE

The one who Controls the Education System , Controls Perception
UNKNOWN

"The world will not be destroyed by those who do evil, but by those who watch them without doing anything."

Albert Einstein

In The Left Nothing is Right & in The Right nothing is Left
UNKNOWN


No man escapes when freedom fails; The best men rot in filthy jails. And those that cried 'Appease! Appease!' Are hanged by those they tried to please
UNKNOWN

Freedom is not Free
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Don't Steal The Government Hates The Competition

Ron Paul

"Buy The Rumor , Sell The Fact " Peter Schiff


You can love your Country and not your Government

Jesse Ventura


" The Government Works for ME , I do not answer to them They Answer to ME "
Glenn Beck

"Tyranny will Come to Your Door in a Uniform "
Alex Jones

"The Government is not The Solution to our Problems , The Government is The Problem "

Ronald Reagan


"The price good men pay for indifference to public affairs is to be ruled by evil men." Plato


The world is a tragedy to those that feel, and a comedy to those that think...Beppe Grillo

"The people should not fear the government for it is the government who should fear the people" UNKNOWN

"If You are looking for solutions to the world's problems , look in the Mirror , You Are The Solution , You have the power as a human being on this planet " UNKNOWN

"They don't control us , We empower them " UNKNOWN

"Serial Killers do on a Small Scale What Governments do on a large one..."

Serial Killer Richard Ramirez

There is a Class War going on in America, & unfortunately, my class is winning." Warren Buffet

"When the people fear their government, there is tyranny; when the government fears the people, there is liberty."

Thomas Jefferson

"College is a waste of Money"
Albert Einstein

Schools manufacture people who think that they're smart but they're not.
Robert Kiyosaki

Education is what you learn after you leave School
Robert Kiyosaki

" ‏Schools were designed to create employees for the big corporations."
Robert Kiyosaki


"If a law is unjust, a man is not only right to disobey, he is obligated to do so" Thomas Jefferson

Dissent is the highest form of patriotism
Thomas Jefferson

“True education makes you feel stupid. It makes you realize you have so much more to learn.” Robert Kiyosaki


"One day your life will flash before your eyes. Make sure it's worth watching." - Gerard Way

"Aspire not to have More but to be More "
UNKNOWN

The losers in life think they have all the answers. They can’t learn because they’re too busy telling everyone what they know.
Robert T. Kiyosaki ‏

"Failure is simply the opportunity to begin again. -This time more intelligently." Henry Ford

What You Own Owns You
UNKNOWN

If you expect the government to solve your problems, you have a problem. Robert Kiyosaki

"Those who give up their liberty for more security neither deserve liberty nor security." Benjamin Franklin

"None are more hopelessly enslaved than those who falsely believe they are free.” -
Johann Wolfgang von Goethe

"Always trust someone who is seeking the truth , never trust someone who found it" Jordan Maxwell

Be The Change you want to see in The World
UNKNOWN

Failure inspires winners but defeats losers
Robert Kiyosaki ‏

“If you are planning for a year, sow rice; if you are planning for a decade, plant trees; if you are planning for a lifetime, educate people” A Chinese Proverb

"First they came for the Socialists, and I did not speak out--
Because I was not a Socialist.

Then they came for the Trade Unionists, and I did not speak out--
Because I was not a Trade Unionist.
Then they came for the Jews, and I did not speak out--
Because I was not a Jew.
Then they came for me--and there was no one left to speak for me." UNKNOWN