This Jim Rogers interview discusses how the U.S. is in seriously trouble. The people in charge have no idea what they are doing. It’s not going to get better anytime soon. The people in the consensus have been wrong the whole time, and they’re still wrong.
These are economic hard times. They need to understand what is happening. This is not a time to buy anything. The only sector where the fundamentals are improving is commodities. Oil reserves are declining. If you need to own something, you should learn about commodities and buy accordingly.
If we could time the markets, we would be very very rich. Otherwise look at the long term trends. Farming is going to be a very big business.
The Jim Rogers interview continues with a discussion about how agricultural commodities are going to do better than others. Most are still significantly below their all time highs. There will be civil unrest in the United States very soon. Cash is an alternative to purchasing commodities if you think that the situation is too perilous. People are covering their shorts and that is putting a lot of buying pressure on thee dollar.
These are perilous times, and we should expect to see more civil unrest. Japan has huge reserves and they are the largest creditor nation. Asian is filled with creditor nations, and in the past the world center has always moved to where the money is. Another Jim Rogers interview will be posted tomorrow.
