JIM ROGERS on the U.S. DOLLAR COLLAPSE - Russia, China & World Moving Away From USD

 Financial analyst Jim Willie sensationally claims that Germany is preparing to ditch the unipolar system backed by NATO and the U.S. in favor of joining the BRICS nations, and that this is why the NSA was caught spying on Angela Merkel and other German leaders.

In an interview with USA Watchdog’s Greg Hunter, Willie, a statistical analyst who holds a PhD in statistics, asserted that the real reason behind the recent NSA surveillance scandal targeting Germany was centered around the United States’ fear that Europe’s financial powerhouse is looking to escape from an inevitable dollar collapse.

“I think they are looking for details on assisting Russia on dumping the dollar. I think they are looking for details for a secret movement for Germany to get away from the dollar and join the BRICS (Brazil, Russia, India, China and South Africa.) This is exactly what I think they are going to do,” said Willie.

Earlier this month, the BRICS nations (Brazil, Russia, India, China and South Africa), announced the creation of a new $100 billion dollar anti-dollar alternative IMF bank to be based in Shanghai and chaired by Moscow. The State Duma has already been submitted a relevant bill banning and terminating the circulation of USD in Russia, APA’s Moscow correspondent reports.

If the bill is approved, Russian citizens will have to close their dollar accounts in Russian banks within a year and exchange their dollars in cash to Russian ruble or other countries’ currencies. Otherwise their accounts will be frozen and cash dollars levied by police, customs, tax, border, and migration services confiscated.

After the law enters into force, it will be impossible to obtain cash dollar in Russia. The ban or termination of the US dollar will not apply to the exchange operations carried out by Russian Central Bank, the Russian government, ministries of foreign affairs and defense, the Foreign Intelligence Service and the Federal Security Service. nazdaq highs

“Any pension plans, endowments, etc., are suffering because they invest for the futures and are finding that their situation has gotten worse," he says. "We are doing this at the expense of people who save and invest.
The interview, which also covers his take on Bitcoin, the dollar’s status as the world’s reserve currency and the timing of the next credit event, Switzerland is to hold a referendum on November 30 on gold. sold 60 per cent of gold reserves over the last decade, it is expected that the country would need to buy around 1,500 tonnes of gold over the following three years to have a stronger gold-backed currency. The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March.

Russia and Iran have agreed to use their own national currencies in bilateral trade transactions rather than the U.S. dollar.

Similarly, Russia and China also agreed to trade with each other using the ruble and yuan in early September, following a Russian deal with North Korea in June to trade in rubles. The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March.

In response to sanctions on Russia by the European Union, Russia has also threatened to cut off Europes gas supply and close its air space to European airlines. Russia has also boycotted European food imports, in a move likely to affect farmers in the EU. Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses. Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA)



The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

By the End of this decade US Dollar will lose world dominance -- Jim Rogers

The dollar will lose its dominant role - that message from President Putin as Russia and China agree to boost trade operations in their national currencies. This comes on the heels of a major gas deal, called the Western route....which coupled with a previous pipeline agreement will make Beijing Russia's largest consumer. RT is joined by Jim Rogers, author and financial commentator




The Financial Armageddon Economic Collapse Blog tracks trends and forecasts , futurists , visionaries , free investigative journalists , researchers , Whistelblowers , truthers and many more

JIM ROGERS - Global FOOD PRICES to RISE, GOLD MANIPULATION, CHINA & more

Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of “trophy” acquisition. Jim also comments on whether a US equity bear market is on the horizon.

end of the bull market. Market breadth is waning as evidenced by the lower number of stocks hitting new highs and trading above their 200-day moving averages. Small cap stocks have already corrected over 10 percent and almost half of the Nasdaq is down 20 percent – a bear market already. Where is this headed? Consolidation is the bare minimum. But, depending on the real economy, it could be worse. Take a look!

“Any pension plans, endowments, etc., are suffering because they invest for the futures and are finding that their situation has gotten worse," he says. "We are doing this at the expense of people who save and invest. We are doing it to bail out the people who borrowed huge amounts of money. The consequences are already being felt.” Rogers also boldly predicts that North Korea and South Korea will merge within the next five years.

Rogers explains that the current North Korean leader has a different view of the world than his father and grandfather due to his upbringing in Switzerland. He also said the combination of cheap, educated labor in North Korea would be a boon for Eastern markets.

The interview, which also covers his take on Bitcoin, the dollar’s status as the world’s reserve currency and the timing of the next credit event, Switzerland is to hold a referendum on November 30 on gold. If passed, it would mandate the Swiss central bank to hold a minimum of 20 per cent of foreign reserves in gold against a level of 7.7 per cent today.

As the central bank had reportedly sold 60 per cent of gold reserves over the last decade, it is expected that the country would need to buy around 1,500 tonnes of gold over the following three years to have a stronger gold-backed currency. The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March.

Russia and Iran have agreed to use their own national currencies in bilateral trade transactions rather than the U.S. dollar.

An original agreement to trade in rials and rubles was made earlier this month in a meeting between Russian Energy Minister Alexander Novak and Iranian Oil Minister Bijan Namdar Zanganeh.

Similarly, Russia and China also agreed to trade with each other using the ruble and yuan in early September, following a Russian deal with North Korea in June to trade in rubles. The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March.

In response to sanctions on Russia by the European Union, Russia has also threatened to cut off Europes gas supply and close its air space to European airlines. Russia has also boycotted European food imports, in a move likely to affect farmers in the EU. Gold rose the most in two months as the dollar headed for the biggest drop in almost a year, reviving the metal’s appeal as an alternative investment after prices touched a 2014 low. Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses. Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA), which many interpret as declaring the US to be a “battlefield.” The NDAA allows the suspension of habeas corpus, indefinite detention, and the assumption that any resident may be considered an enemy combatant. Similar legislation may be expected in other countries that perceive martial law as a solution to civil unrest.

JIM ROGERS - Sell Everything & Run For Your Lives

Erin sits down with famed investor Jim Rogers to talk about Russia, agriculture and China. Rogers is bullish on agriculture and likes China. But he sees the Chinese purchase of the Waldorf-Astoria hotel as a top of the market kind of “trophy” acquisition. Jim also comments on whether a US equity bear market is on the horizon.

end of the bull market. Market breadth is waning as evidenced by the lower number of stocks hitting new highs and trading above their 200-day moving averages. Small cap stocks have already corrected over 10 percent and almost half of the Nasdaq is down 20 percent – a bear market already. Where is this headed? Consolidation is the bare minimum. But, depending on the real economy, it could be worse. Take a look!

“Any pension plans, endowments, etc., are suffering because they invest for the futures and are finding that their situation has gotten worse," he says. "We are doing this at the expense of people who save and invest. We are doing it to bail out the people who borrowed huge amounts of money. The consequences are already being felt.” Rogers also boldly predicts that North Korea and South Korea will merge within the next five years.

Rogers explains that the current North Korean leader has a different view of the world than his father and grandfather due to his upbringing in Switzerland. He also said the combination of cheap, educated labor in North Korea would be a boon for Eastern markets.

The interview, which also covers his take on Bitcoin, the dollar’s status as the world’s reserve currency and the timing of the next credit event, Switzerland is to hold a referendum on November 30 on gold. If passed, it would mandate the Swiss central bank to hold a minimum of 20 per cent of foreign reserves in gold against a level of 7.7 per cent today.

As the central bank had reportedly sold 60 per cent of gold reserves over the last decade, it is expected that the country would need to buy around 1,500 tonnes of gold over the following three years to have a stronger gold-backed currency. The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March.

Russia and Iran have agreed to use their own national currencies in bilateral trade transactions rather than the U.S. dollar.

An original agreement to trade in rials and rubles was made earlier this month in a meeting between Russian Energy Minister Alexander Novak and Iranian Oil Minister Bijan Namdar Zanganeh.

Similarly, Russia and China also agreed to trade with each other using the ruble and yuan in early September, following a Russian deal with North Korea in June to trade in rubles. The move away from the U.S. dollar is yet another reaction to Western sanctions placed on Russia since it annexed Crimea from Ukraine in March.

In response to sanctions on Russia by the European Union, Russia has also threatened to cut off Europes gas supply and close its air space to European airlines. Russia has also boycotted European food imports, in a move likely to affect farmers in the EU. Gold rose the most in two months as the dollar headed for the biggest drop in almost a year, reviving the metal’s appeal as an alternative investment after prices touched a 2014 low. Riots. These will likely happen spontaneously due to the above conditions, but if not, governments will create them to justify their desire for greater control of the masses. Martial Law. The US has already prepared for this, with the passing of the 2012 National Defense Authorization Act (NDAA), which many interpret as declaring the US to be a “battlefield.” The NDAA allows the suspension of habeas corpus, indefinite detention, and the assumption that any resident may be considered an enemy combatant. Similar legislation may be expected in other countries that perceive martial law as a solution to civil unrest.

JIM ROGERS - The GOLD BULL MARKET is NOT OVER

Famed commodity investor Jim Rogers is on Kitco News to speak about the Chinese and US economy, gold, and even bitcoin. Rogers has some very interesting thoughts about the yellow metal and where he thinks it may be headed. “Gold is still correcting… I expect there to be another opportunity to buy gold sometime in the next year or two.” He also shares his insights on the US economy and how he is not so confident in the US dollar given the country’s elevated debt levels. “No country in world history has got itself into this kind of situation and got out without a crisis or semi-crisis.” He also shares some insights on bitcoin and what he thinks of the cryptocurrency. Gold is traditionally an investment of choice when inflation is rising or global tensions are growing. But this year, despite the conflict between Russia and the Ukraine, gold prices haven't moved much, and inflation in much of the developed world is muted.

"I'm not buying gold at the moment," international investor Jim Rogers tells The Daily Ticker. "But if the opportunity comes along -- and it will in the next year or two -- I will buy more."

Related: Gold industry "needs to get its act together": Randgold CEO

Rogers in the video above what such an opportunity might look like, Rogers said that a 50% decline in gold prices, to under $1,000 an ounce would justify buying the precious metal. (That's a 50% decline from its record high just under $2,000 an ounce in August 2011.) But Rogers also says, "if America goes to war with Iran," he'd be "begging to buy at $1,600 an ounce."

gold futures were trading at $1,300 an ounce, or about 8% higher than the 2013 year-end close of $1,202. Gold prices fell a whopping 28% in 2013, but Rogers says a 50% correction every three or four or five years is more normal for an asset class, and therefore, a reason prices could fall from here.

why gold prices haven't taken off this year, Rogers says demand from China, the number one consumer of gold, is declining because the market there is "saturated." He says investors, meanwhile, would rather put their money into stocks. The Dow (^DJI) and S&P 500 (^GSPC) closed at record highs Tuesday but have since retreated, while the 10-year Treasury note price has advanced, as its yield slipped to 2.55%.

It is true that Rogers warned about the U.S. debt problem back in 2003. At that time, he also foresaw the coming of the U.S. housing collapse. He was at least four years early. prediction future warning

They've already had an impact on some markets. Last week, US stock markets were down 2-3 per cent. This means somebody is paying attention. Unfortunately, we have had problems in Gaza for at least 40 years now and I am afraid we might have another 40 years given where things are going. Eruptions break out and they always have an effect and will continue to do so. We have all been making many mistakes there for a long time now; and I am afraid we will continue to do so. Is this the beginning of the Third World War?

Jim Rogers: If war breaks out, then what you play is gold, oil, commodities, etc. War is not good for anything except for real assets because people need real assets during the time of war - whether they are involved in the war or just protecting themselves. Other than that, I do not see any of this being good for anybody or anything. The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them “too big to fail.” Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing the prices of financial instruments on the banks’ balance sheets and in order to finance at low interest rates trillion dollar federal budget deficits associated with the long recession caused by the financial crisis.

JIM ROGERS on the CHINA SLOWDOWN & The END of the U.S. DOLLAR

With the Dow and S&P 500 at all-time highs, Jim Rogers, famed investor and author of Street Smarts: Adventures on the Road and in the Markets, tells The Daily Ticker he is staying far away from U.S. stocks and looking for opportunities in markets that are beaten-up. In the accompanying video

Enthusiasm around China came after the State Council reiterated its desire to liberalize finance in areas such as IPOs and limits on foreign investment -- even though some of these measures were originally announced months ago.

He says he's not buying much in China though, because of the country's "big debt problem" -- his concerns stem from China's shadow banking system, specifically.

Related: How a former English teacher is about to become one of the richest people in the world

When it comes to Russia, the country's markets have been more than rattled by the crisis in Ukraine, with the main stock index falling 10% in March and the ruble losing 9% against the dollar in the first three months of the year.

Rogers says he bought more Russian stocks during the turmoil in Crimea and is interested in buying more.

Why?
Concerns about a Chinese hard-landing set off by Beijing's efforts to deflate the credit bubble are making headlines again.

Rogers told us that we shouldn't be very concerned about the slowdown in the Chinese economy. However, he does worry about China's debt at the local levels.

Business Insider: What worries you the most about China right now?
Jim Rogers: The high levels of debt artificial liquidity all over the world.

All the money printing in the developed world is causing distortions everywhere including China. How concerned economic slowdown in China? India's government has accused global investment bank Goldman Sachs of interfering in the country's domestic politics after it raised market ratings citing "optimism over political change".

Commerce Minister Anand Sharma said Goldman's latest report where it suggested the Hindu nationalist Bharatiya Janata Party (BJP) could topple his ruling Congress party in 2014 polls "made Goldman's credibility and motives highly suspect".

Russia and China have just signed what is being called "the gas deal of the century"


Russia and China have just signed what is being called "the gas deal of the century", and the two countries are discussing moving away from the U.S. dollar and using their own currencies to trade with one another. This has huge implications for the future of the U.S. economy, but the mainstream media in the United States is being strangely quiet about all of this.

JR: Not much. The government is and has been trying to cool real estate. On the other hand, the Plenary Session in November decided to emphasize several sectors over the next decade or so. Those industries will be doing better no matter what happens in the world. So some will be improving; some declining. The government is trying to cool real estate so I would avoid [that].

JR: Few seem to understand the historical significance of what is happening there. E.g. Gordon Chang has been writing books and articles since 2001 predicting the collapse of China and the disappearance of the Communist Party. Jim Chanos has been predicting the collapse of China since 2009 saying it will be "1000 times worse than Dubai". [I explained at the time that showed no understanding of Dubai or of China.] Many in China do not fully understand either. China Disrupts Google Search and Gmail Ahead of Tiananmen Square Anniversary
Google: "We've checked extensively and there's nothing wrong on our end."

JIM ROGERS

As the US was rising to its power and glory during the 19th Century, we had a horrible civil war, 15 depressions human rights, little rule of law, periodic massacres in the streets, etc., etc. yet we still became the most successful country in the 20th Century.

JIM ROGERS Financial disaster coming - Dollar collapse - Countries Move Away From USD

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide.
Legendary investor Jim Rogers has been warning about “the ocean of artificial liquidity” as a result of the unprecedented money printing by central banks around the world for quite some time now.



James Beeland "Jim" Rogers, Jr. is an American businessman, investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc. Wikipedia

Jim Rogers : The BRICS are capable of Challenging The American Financial Dominance

Jim Rogers: Only a Russian/Chinese/Brazil joint-currency can battle dollar dominance



The presidents of Russia and Brazil have met ahead of the BRICS Summit. Vladimir Putin and Dewma WHO-sseff were present as some of the two countries' largest corporations signed agreements to deepen the economic ties between the two. Corporate investor Jim Rogers tells RT that the BRICS members are capable of challenging the United States' financial dominance.

JIM ROGERS -- BRAZIL, CHINA & RUSSIA (BRICS) Making Plans To Compete AGAINST the U.S. DOLLAR

A new Gold Standard is coming, led by the East, driven through trade. The BRICS nations have decided to fund their development bank with $100 billion. The reserves are aimed at financing joint development ventures, and are set to rival the dominance of the World Bank and the IMF.

"At the final stage of realization -- the initiative to create a BRICS forex reserve pool -- the size of its capital has been agreed at $100 billion," Russian President Vladimir Putin said while opening the G20 Summit in St. Petersburg.

Russia, Brazil and India will contribute $18 billion to the BRICS currency reserve pool, while China $41 billion and South Africa $5 billion, according to a press release issued by the BRICS on Thursday. Earlier this week Russia's Finance Minister Sergei Storchak said that there were still a lot of "difficult details" to sort out.

"These are systematic themes, complicated [and] negotiationsare difficult. We must assume the bank will not start functioning as fast as one could imagine. It will take months, maybe a year,"

The creation of the reserves pool may help the BRICS nations in their drive to reform votes and quotas in the International Monetary Fund (IMF).
The Almighty Dollar Is In Peril As The Global 'De-Dollarization' Trend Accelerates
Prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant. As the Obama administration continues to alienate almost everyone else around the entire planet, an increasing number of prominent international voices are starting to question why the U.S. dollar should be so overwhelmingly dominant in global trade. In previous articles, I have discussed Russia's "de-dollarization strategy" and the fact that Gazprom is now asking their large customers to start paying in currencies other than the dollar. But this is not just a story about Russia any longer. China and South Korea have just signed a major agreement to facilitate trade with one another using their own national currencies, and even prominent French officials use the dollar less and the euro more. John Williams of shadowstats.com recently said that things have never "been more negative" for the U.S. dollar, and he was right on the mark. The power of the almighty dollar has allowed all of us living in the United the U.S. economy. In future years the value of the dollar will go down substantially, all of the imported goods filling our stores will become much more expensive, and it is going to cost the federal government a lot more to borrow money. Unfortunately, with the stock market hitting all-time record highs and with the mainstream media endlessly touting an "economic recovery", most Americans are not paying any attention to these things.

French oil giant Total is one of the largest energy companies in the entire world. On Saturday, Total's CEO made an absolutely stunning statement. According to Reuters, he told reporters that there "is no reason to pay for oil in dollars"...
The BRICs Are Morphing Into An Anti-Dollar Alliance
increasingly more countries are setting the stage for the final currency war, we go again to Russia where VOR's Valentin Mândr??escu explains that slowly but surely the BRICS -- that proud Goldman acronym which was conceived to perpetuate the great American way of life by releasing trillions in US-denominated debt in heretofore untapped markets -- are morphing into an anti-dollar alliance.

BRICS is morphing into an anti-dollar alliance, From VOR
Before the crucial visit to Beijing next week, the governor of the Russian Central Bank, Elvira Nabiullina met Vladimir Putin to report on the progress of the upcoming ruble-yuan swap deal with the People's Bank of China and Kremlin used the meeting to let the world know about the technical details of its international anti-dollar alliance

JIM ROGERS Gives His GOLD PREDICTIONS for 2014

Venture Capital, Katie Pilbeam talks about the worrying new estimations on US debt figures with Jim Rogers, a legendary investor author of Street Smarts: Adventures on the Road and in the Markets. As Europe bears the burden of austerity, million-euro salaries continue to be dished out to bankers.

World Bank Senior Attorney-Karen Hudes -- 'Humanity Right On Target To Take Back Our World'In this 17-minute video by Edmond Druilhet, World Bank Senior Attorney Karen Hudes reports that military leaderships of the US, China, and Russia have refused all of the so-far offered false-flag options to begin WW3 in the Middle East

Gold rose to a six-month high on Thursday as fears of economic slowdown in China and lingering worries about Russia's standoff with Ukraine over Crimea dampened demand for riskier assets and boosted bullion's appeal.

U.S. equities and copper pries tumbled after data showed China's economy slowed markedly in the first two months of the year. Worries over China's first bond default and weak export data earlier in the week have also stoked concerns about the health of the world's second-largest economy.

Gold was also underpinned after Russia launched military exercises near its border with Ukraine, showing no sign of backing down in its plans to annex its neighbor's Crimea region.

Within the first week of 2014 U.K.'s Royal Mint announced they had completely sold out of sovereign gold coins. On the other side of the pond, the U.S. Mint reports that the sale of silver coins hit an all-time high at the end of 2013, proving that demand for physical precious metals has not abated.
Gold prices will likely explode in the future because current prices are too low for mines to operate, lowering the supply.

Yet, as investors the world over buy up as much physical gold as they can get their hands on, the companies that produce the gold have seen their stock prices decimated. Whether it's the work of the shadow banking system or because Wall Street has convinced Main Street to dump their shares, precious metals have seen a significant drop from their historical highs just a couple years ago.

The subject video covers an undercovered story on the missing German gold. Back in the 1950′s Germany, along with several other nations sent their gold to the U.S. Federal Reserve. Several months ago, Germany asked that some of their gold be returned. The Fed refused. Germany then asked to inspect the gold. Again the Fed refused.

So what would you think? I would think they don't have it. I would suspect they stole it. Of course those in Germany and other nations aren't stupid. If there are any shenanigans going on, some in positions of power in those nations have to be in on it. Now, with at least 20 years of manipulation in the gold and silver markets, the chickens are coming home to roost. You can't do this forever and you can't keep it a secret forever.


What have we done: after a series of reports in late 2012 in which we showed, with no ambiguity, that not only might the Bundesbank's offshore held gold be severely "diluted" (follow our 2012 exposes on German gold here, here, here, and here), but that on at least one occassion, the Fed and the Bank of England conspired against the Buba in returning subpar quality gold, the Bundesbank shocked everyone in early January 2013 when it announced it would repatriate 300 tons of gold helt in New York and all of its 374 tons of gold held in Paris. But convincing the Bundebsbank to demand delivery was peanuts compared to changing the tune of the Financial Times -- that bastion of fiat "money", and where the word gold is mocked and ridiculed, and those who see the daily improprieties in the gold market as nothing but "conspiracy theorists" -- to say the magic words: "Learn from Buba and demand delivery for true price of gold", adding that "one day the ties that bind this pixelated gold may break, with potentially catastrophic results."

Jim Rogers: China to be most important country in 21st century

Jim Rogers: China to be most important country in 21st century






Sanction threats against Russia sent shock waves of panic across the world of investment. There's still those who still believe in the prospects of the Russian economy, despite the political turmoil. So, what are these prospects? How are sanctions affecting the financial balance of power? And, finally, what does Moscow's turn to Beijing mean for the future of the global economy? We ask these questions to a renowned investor and businessman - Jim Rogers.

Jim Rogers : Giants ditching dollar over US foreign policies

Sanction threats against Russia sent shock waves of panic across the world of investment. There's still those who still believe in the prospects of the Russian economy, despite the political turmoil. So, what are these prospects? How are sanctions affecting the financial balance of power? And, finally, what does Moscow's turn to Beijing mean for the future of the global economy? We ask these questions to a renowned investor and businessman -- Jim Rogers.

RON PAUL & JIM ROGERS Discuss Truth About GLOBAL ECONOMIC COLLAPSE & The ELITE AGENDA

We frequently hear the financial press refer to the U.S. dollar as the "world's reserve currency," implying that our dollar will always retain its value in an ever shifting world economy. But this is a dangerous and mistaken assumption.

Since August 15, 1971, when President Nixon closed the gold window and refused to pay out any of our remaining 280 million ounces of gold, the U.S. dollar has operated as a pure fiat currency. This means the dollar became an article of faith in the continued stability and might of the U.S. government.

In essence, we declared our insolvency in 1971. Everyone recognized some other monetary system had to be devised in order to bring stability to the markets.

Amazingly, a new system was devised which allowed the U.S. to operate the printing presses for the world reserve currency with no restraints placed on it-- not even a pretense of gold convertibility! Realizing the world was embarking on something new and mind-boggling, elite money managers, with especially strong support from U.S. authorities, struck an agreement with OPEC in the 1970s to price oil in U.S. dollars exclusively for all worldwide transactions. This gave the dollar a special place among world currencies and in essence backed the dollar with oil.

If there's one thing that should be clear, it's that nothing the government or their banking partners have done to solve the economic crisis has been for your benefit. They've enriched themselves, yet again, on the backs of the American people.

Trend forecaster Gerald Celente predicted the collapse of 2008 in remarkable fashion. And now he's warning of a similar crisis to come next year. There's fear and hysteria running through the entire global financial community, because as everybody knows all they did was postpone the inevitable.

A Kremlin aide was quoted on Tuesday as saying that if the United States were to impose sanctions on Russia over Ukraine, Moscow might be forced to drop the dollar as a reserve currency and refuse to pay off any loans to US banks.

Image: U.S. Dollar (Wiki Commons).

Mr Sergei Glazyev, who is often used by the authorities to stake out a hardline stance but does not make policy, was cited by RIA news agency as saying Moscow could recommend that all holders of US treasuries sell them if Washington freezes the US accounts of Russian businesses and individuals.  China just dropped an absolute bombshell, but it was almost entirely ignored by the mainstream media in the United States. The central bank of China has decided that it is "no longer in China's favor to accumulate foreign-exchange reserves". During the third quarter of 2013, China's foreign-exchange reserves were valued at approximately $3.66 trillion.

The mayhem that went on at Walmart when people couldn't cash in their food stamps.

Gold rose to a six-month high on Thursday as fears of economic slowdown in China and lingering worries about Russia's standoff with Ukraine over Crimea dampened demand for riskier assets and boosted bullion's appeal.

U.S. equities and copper pries tumbled after data showed China's economy slowed markedly in the first two months of the year. Worries over China's first bond default and weak export data earlier in the week have also stoked concerns about the health of the world's second-largest economy.

Gold was also underpinned after Russia launched military exercises near its border with Ukraine, showing no sign of backing down in its plans to annex its neighbor's Crimea region.

The deregulation of the financial system during the Clinton and George W. Bush regimes had the predictable result: financial concentration and reckless behavior. A handful of banks grew so large that financial authorities declared them "too big to fail." Removed from market discipline, the banks became wards of the government requiring massive creation of new money by the Federal Reserve in order to support through the policy of Quantitative Easing

Jim Rogers : The Crisis is Not Over !

The Crisis is Not Over! A Conversation with Legendary Investor Jim Rogers


Stefan Molyneux speaks with legendary investor Jim Rogers about the future of the world economy, the coming economic shift and how to prepare for the future.

Jim Rogers is an American businessman, investor and author. He is currently based in Singapore. Rogers is the Chairman of Rogers Holdings and Beeland Interests, Inc.
James Beeland Rogers, Jr. (born October 19, 1942) is an expatriate American investor and financial commentator based in Singapore. He was a co-founder of the Quantum Fund, and is a college professor, author, economic commentator, and creator of the Rogers International Commodities Index (RICI). He considers himself a fellow traveler of the Austrian School of economics.

JIM ROGERS - CRISIS In The EMERGING MARKETS. Be Aware & Be Prepared

UBS' George Magnus believes the next global economic "crisis"' lightning rod will be the emerging markets and as Jim Rogers tells BoomBust's Erin Ade in this brief interview, "the emerging market crisis has only just begun." While Rogers is careful to add that there are lots of emerging markets - "some better than others;" he warns that "there are some serious problems out there and they are going to get worse." Who is to blame? The Fed, of course - "by driving rates so low and providing as much liquidity as anyone in the world could want, the EMs have borrowed to cover up their real problems... be worried." For Turkey, Indonesia, India, Brazil - this is not over yet - "they have serious problems and are not being resolved." The major problem is the Federal Reserve: with interest rates at such low levels, people can borrow lots of money - and America is printing a lot of money so there's plenty to go around A lot of countries have borrowed money at cheap rates which covers up their problems... they haven't addressed their real problems; and so now, we have a huge problem facing us and it's going to get worse. This is not over yet - you should be worried, be careful, and be prepared

Corruption costs the EU roughly $120 billion a year, around 1 percent of economic output. Where is the corruption and where is it squeaky clean? Erin Ade reports. Famed investor and author Jim Rogers is a bull on China and Asia. But right now the emerging markets are a big concern. Jim also gives his view on the US, European, Japanese and Chinese economies -- and the Gold Standard. In the Big Deal, Erin and Edward Harrison discuss money. What exactly does the pyramid on the back of a dollar bill symbolize? And where does a pound or a dollar really derive its value?
Jim Rogers is holding on to his gold position in anticipation of an inevitable market bubble and substantial gains. Safe as money in the bank? Not so says the self-made billionaire; the threat of pension fund and savings confiscation is just one more reason to add precious metals investments to a diversified portfolio.

Rick Rule, head of Sprott US Holdings says bear markets create bull markets, so it's time for investors to put on their contrarian hats and buy precious metals. Capital scarcity for new resource companies is another contrarian sign indicating that gold and silver miners represent a solid investment for every portfolio.

n May 2012 he remarked during an interview with Forbes Magazine that "there's going to be a huge shift in American society, American culture, in the places where one is going to get rich. The stock brokers are going to be driving taxis. The smart ones will learn to drive tractors so they can work for the smart farmers. The farmers are going to be driving Lamborghinis. I'm telling you. You should start Forbes Farming.

Concerns about a Chinese hard-landing set off by Beijing's efforts to deflate the credit bubble are making headlines again.

GDP growth slowed to 7.7% in 2013, the lowest level in 14 years. And the slowdown has played a part in the emerging markets rout we have seen recently. But recent trade and lending data, and Lunar New Year sales have come in better than expected.

We reached out to Jim Rogers, chairman of Rogers Holdings , to get his thoughts on the slowdown and on what everyone is getting wrong about China.

Rogers told us that we shouldn't be very concerned about the slowdown in the Chinese economy. However, he does worry about China's debt at the local levels.

He also took issue with the naysayers calling for a major crash.

Business Insider: What worries you the most about China right now?

Jim Rogers: The high levels of debt in some areas. Some of the provinces and companies have built up debt in recent years during the recovery, since there has been so very much artificial liquidity all over the world.

JIM ROGERS 2014 PREDICTIONS - Global FOOD PRICES to RISE, GOLD MANIPULATION, CHINA & More

JIM ROGERS 2014 PREDICTIONS - Global FOOD PRICES to RISE, GOLD MANIPULATION, CHINA & more 

JIM ROGERS

Gold has had a nice runup for over a decade now, but it has taken a beating this year.
The yellow metal is currently trading at three-year lows.
We reached out to commodities expert Jim Rogers for his take on what will happen next in the gold markets.

Jim Rogers: I am useless as a market timer/trader. Having said that, a 50% correction is normal in markets so why not in gold? The 12-year rise was an anomaly in markets so the correction may continue to be an anomaly. There will be rallies after big drops, but I expect another opportunity to buy gold.

JR: [1] The anomaly of the 12-year rise, for one thing. [2] India as we have discussed before. Indian politicians are blaming their problems on gold, so [they] have added special taxes, tariffs, controls, and regulations. Pakistan and Bangladesh even totally banned imports of gold at one time.

The politicians are now trying to figure out ways to force Indians to sell gold. There are staggering amounts of gold there. The politicians are now trying to hit the temples which have accumulated an unimaginable amount of gold over the centuries. I have no idea if they will succeed at either, but the effort is having an effect. If they are successful to any degree, it will have an even bigger effect. India has been the largest buyer of gold for decades. Cutting back the purchases has already had an effect. IF they can force the largest buyer to become a seller [much less a larger seller], who knows how low gold could go? [3] A lot of people leveraged themselves too which hurts on the downside. Etc., etc.

BI. Are you buying gold? If not when would you buy gold?

JR: No. Most of them are still denying reality saying it cannot happen, etc. They are also blaming it on manipulation still. They did not blame anything on manipulation on the way up, but are now finding all sorts of excuses. [I also find it interesting that I have not seen a single comment from them or anyone else about changes in India -- the largest buyer in the world. The whole thing is "manipulation".]

Gold has had a nice runup for over a decade now, but it has taken a beating this year.

The yellow metal is currently trading at three-year lows.

We reached out to commodities expert Jim Rogers for his take on what will happen next in the gold markets.

Jim Rogers: I am useless as a market timer/trader. Having said that, a 50% correction is normal in markets so why not in gold? The 12-year rise was an anomaly in markets so the correction may continue to be an anomaly. There will be rallies after big drops, but I expect another opportunity to buy gold.black market gold correction bull bear market gold silver manipulation paper market conspiracy theory india limit gold purchase
BI: What do you think is behind the sell-off?

JR: [1] The anomaly of the 12-year rise, for one thing. [2] India as we have discussed before. Indian politicians are blaming their problems on gold, so [they] have added special taxes, tariffs, controls, and regulations. Pakistan and Bangladesh even totally banned imports of gold at one time.

The politicians are now trying to figure out ways to force Indians to sell gold. There are staggering amounts of gold there. The politicians are now trying to hit the temples which have accumulated an unimaginable amount of gold over the centuries. I have no idea if they will succeed at either, but the effort is having an effect. If they are successful to any degree, it will have an even bigger effect. India has been the largest buyer of gold for decades. Cutting back the purchases has already had an effect. IF they can force the largest buyer to become a seller [much less a larger seller], who knows how low gold could go? [3] A lot of people leveraged themselves too which hurts on the downside. Etc., etc.

Jim Rogers On “Buying Panic” And Investments Nobody Is Talking About

Jim Rogers

by Nick Giambruno
International Man


I am very pleased to have had the chance to speak with Jim Rogers, a legendary investor and true international man.

Jim and I spoke about some of the most exciting investments and stock markets around the world that pretty much nobody else is talking about.

You won’t want to miss this fascinating discussion, which you’ll find below.

Nick Giambruno: Tell us what you think it means to be a successful contrarian and how that relates to investing in crisis markets throughout the world.

Jim Rogers: Well, there are two aspects of it. One is being a trader, being able to buy panic, and nearly always if you are a trader or an investor, if you buy panic, you are going to do okay.

JIM ROGERS - All FIAT CURRENCY will be WORTHLESS in 2014. Dont SELL GOLD or SILVER

Jim Rogers is a legendary investor that co-founded the Quantum Fund and retired at age thirty-seven. He is the author of several books and also a financial commentator worldwide. Jim Rogers is the author of Adventure Capitalist: The Ultimate Road Trip and Investment Biker: On the Road with Jim Rogers. He is an investor who has been chronicled in Jon Train’s Money Masters of Our Time, Jack Schwager’s Market Wizards, and other books. He has been frequently featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times, and most publications dealing with the economy or finance. He has also appeared as a regular commentator and columnist in various media and has been a visiting professor.

Violent Revolution coming to Europe ; Ron Paul,Nigel Farage,Jim Rogers & Peter Schiff

Jim Rogers is the author of Adventure Capitalist: The Ultimate Road Trip and Investment Biker: On the Road with Jim Rogers. He is an investor who has been chronicled in Jon Train’s Money Masters of Our Time, Jack Schwager’s Market Wizards, and other books. He has been frequently featured in Time, The Washington Post, The New York Times, Barron’s, Forbes, Fortune, The Wall Street Journal, The Financial Times, and most publications dealing with the economy or finance. He has also appeared as a regular commentator and columnist in various media and has been a visiting professor.

Jim Rogers: Central Banks are Making a Terrible Mistake

Investor Jim Rogers shares his views on how Fed tapering will affect the world as it 'floats on a huge artificial sea of liquidity.'