Monday, March 11, 2013

Jim Rogers - more on the global economy


We looked at some of Jim Rogers' comments yesterday evening.  Here's an interview he did with the BBC a couple of weeks ago, where he goes into more detail about what he sees ahead.  It's not long, but contains much food for thought. Note a couple of imbecilic questions from the BBC interviewer, who seems to think that economic reality can - or should - be subordinated to social policy and/or needs. He might as well do a Canute and tell the incoming tide to stop! Mathematics is inexorable, and doesn't care about policies or politics.





Troubling indeed!

Peter

3 comments:

  1. OK, so there's a glut of college credentials (another blog tells me). There's a glut of debt incurred for education. Real estate is probably held up by stimulus as are equities and bonds. So, what do you do? I have more canned chili then I ever hope to consume. My dog probably couldn't be sold for a Maple Leaf (if I was willing...) Do I dump the IRA (paying 30% tax/fee) and pay off the small debt I have on two houses? I mean, I pay attention to Rogers, Shiff and blogs like this... but get no hint that any of the concerned investors have an idea for where -to- invest. Boyd K

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  2. It's about to be 52 pick up on where to put anything... sigh...

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  3. Desperate wounded cornered governments do desperate things. If you can't physically hold it, and defend it, it is at risk. Any financial instrument, IRA, stocks, bonds, checking account, 401K , anything- can be seized or held hostage cheaply and easily.
    Nobody needs a crystal ball- just a rear view mirror. Look at what they have done in the past- and don't deceive yourself thinking "the USA is different"- at the core, our "officials" are not one bit different than those of any other nation, at any time in history-they are pernicious, parasitical, profligate and have only gotten this far by burning up 200 odd years of hard-won design margin and capital. Folks, we are eating the seed corn of civilization. Winter is coming.

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