The Jim Rogers Fund revealed that we are rapidly approaching a crisis that will eclipse 2008. When the problems arise next time, the Fed cannot quadruple the debt and print so much money next time. We are facing a crisis. The debts are staggering. They should cut spending and cut taxes. The troops around the world making enemies is a waste of money.
Jim Rogers Fund says we are printing a staggering amount of money, and the debts are going through the roof. The Pound went 90% down from top to bottom when it lost its reserve status, and the Dollar will do the same.
The Chinese are trying to cool their economy. They have raised interest rates and reserve requirements. If they slow down, it will have an effect on everyone.
Brazil will be in much better shape than they were in the 80s and 90s. It would be better to live there compared to here.
Silver prices in the near term have come down and may go down even more. If silver or gold come down, pick up the phone and buy more.
Commodities and currencies are the places the Jim Rogers Fund likes to invest. Technology is an overblown exploited part of the market, and another bubble is forming there.
Mr. Bernanke has never been right in the 7 or 8 years that he’s been there. He doesn’t know anything about finance or economics. He only knows how to print money, and that is what he is going to do.
