Infinite Unknown

FYI.

- Jim Rogers: We’re Wiping Out The Savings Class Globally, To Terrible Consequence (Peak Prosperity, March 9, 2013):

Jim Rogers decries the growing uncertainty and recklessness of global central planners as the world enters unchartered financial markets:

For the first time in recorded history, we have nearly every central bank printing money and trying to debase their currency. This has never happened before. How it’s going to work out, I don’t know. It just depends on which one goes down the most and first, and they take turns. When one says a currency is going down, the question is against what? because they are all trying to debase themselves. It’s a peculiar time in world history.

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Tags: Agriculture, Bonds, Commodities, Corn, Debt, Dollar, Economy, Euro, Food, Global News, Gold, Government, India, Japan, Jim Rogers, Middle Class, Politics, Quantitative Easing, rice, Silver, Society, soybeans, U.S., wheat, Yen, Yuan

- Currency Wars Often Lead to Trade Wars … Which In Turn Can Devolve Into Hot Wars (ZeroHedge, Feb 8, 2013):

Currency War → Trade War → Hot War?

According to numerous high-level insiders, the global currency war is accelerating: Continue reading »

Tags: Australia, Bank of England, Ben Bernanke, China, Currency War, ECB, Environment, EU, Europe, Fed, Federal Reserve, Germany, Global News, Government, IMF, Japan, Jim Rickards, Jim Rogers, Mexico, Nouriel Roubini, Paul Krugman, Politics, Reggie Middleton, Robert Reich, U.S., Unemployment, War

- 12 Gold Bugs Bring Christmas Cheer (Activist Post, Dec 22, 2012):

While the price of gold has languished in a trading range much of the year, leaving some investors scratching their heads, many have been buying – and in some cases, really loading up.

It’s a tad puzzling that gold hasn’t broken into new highs, despite enough catalysts to move a herd of stubborn mules. But that’s the hand we’re dealt right now. We can’t get up from the table until the game reaches its conclusion. Besides, I think the stall in prices is giving us one last window to buy before prices break permanently into higher levels for this cycle.

At least that’s how a number of prominent investors and institutions are viewing the price action right now. Here’s a sampling of this year’s “gold bugs” and what they’ve been doing about precious metals recently.

Jim Rogers, billionaire and cofounder of the Soros Quantum Fund, publicly stated last month that he plans to “sell federal debt and purchase more gold and silver.”

George Soros increased his investment in GLD by a whopping 49% last quarter, to 1.32 million shares. His stake is now worth over $221 million. Many investors don’t realize that he also placed call options on GDX worth $9 million. The most logical explanation is that he thinks gold equities are undervalued and that there’s big money to be made in them within a year.

Marc Faber mocks those claiming gold is in a bubble. “It’s nowhere close to that stage,” he says. And even though he’s already sitting on a huge gain, he won’t take any profits. Why? “I keep a picture of Mr. Bernanke in my toilet, and every time I think about selling my gold, I look at it and I know better!” Continue reading »

Tags: Central Bank, Economy, Global News, Gold, Government, Jim Rogers, Marc Faber, Politics, Silver

If you listen to Gerald Celente World War III has begun quite a while ago.

Any attack on Iran is the ‘official’ beginning of WW III.

- Top Economic Advisers Forecast World War (ZeroHedge, Nov 18, 2012)

Tags: Economy, Global News, Government, Jim Rogers, Kyle Bass, Marc Faber, Politics, U.S., War, WW III

- Ron Paul On The “One-Party System” (ZeroHedge, Oct 12, 2012):

Ron ‘I’m playing the long-game’ Paul will not go quietly into the night – and rightly so, it would seem, given his truthiness. In a recent brief interview on CNBC’s Futures Now, he managed to diss Romney, smash the ‘belief’ in a ‘two-party’ system, and undermine any hope for economic change from the farce of an election. Summed up simply: “There is essentially no difference between one administration and another, no matter what the platform.”Starting by agreeing with Jim Rogers recent views that we discussed here, he refises to endorse Romney and then it gets interesting…

“They haven’t the vaguest idea what Austrian free-market hard-money economics is”

Tags: Banking, Barack Obama, Economy, Global News, Goldman Sachs, Government, Jim Rogers, Obama administration, Politics, Ron Paul, Society, U.S.

- Marc Faber & Jim Rogers On Our “Clueless, Ignorant, Dangerous” Leaders (ZeroHedge, Oct 4, 2012):

While the discussions between these two legends varied from Phat Phong nightlife to Dow 30,000, and from China bullishness to AAPL bearishness, it was the conversation about the actions of Bernanke, and more importantly our political leaders that summed up perfectly the dreadful reality in which we find ourselves. The punchline: “It is very dangerous to have ignorant people believing that they know something.”

Rogers is bullish China long-term but buying Chinese stocks only selectively…

Faber sees under-the-surface weakness in US equities and while central banks could print us to Dow 30,000; gold and other commodities will be astronomical by then…

Faber is bearish AAPL, believes its a bubble – but too dangerous to short…

Both are uber-bearish central-bankers and politicians…

Marc Faber: “Both candidates are clueless and completely artificial…”

Jimmy Rogers: “It’s worse than clueless, because they think they know what they’re doing.. and so they are dangerous! If they were just clueless and looked out the window, we wouldn’t have a problem, but they think they have the solution – but their solutions are what’s making the situation worse…”

Marc Faber: “That is precisely the point. It is very dangerous to have ignorant people believing that they know something!”

Summed up perfectly, we believe.

Must watch – especially to hear the CNBC anchor squirming…

Tags: Apple, Barack Obama, Ben Bernanke, China, Commodities, Economy, Fed, Federal Reserve, Global News, Gold, Government, Jim Rogers, Marc Faber, Mitt Romney, Obama administration, Politics, Real Estate, U.S.

YouTube Added: 03.09.2012

Tags: Agriculture, Angela Merkel, Barack Obama, Bonds, China, Collapse, Commodities, Debt, Economy, EU, Euro, Europe, Germany, Global News, Gold, Government, Jim Rogers, Mitt Romney, Myanmar, Obama administration, Politics, Recession, Society, U.S.

- Jim Rogers On Gold & Silver: ‘Who Am I To Argue With Thousands Of Years Of Human Stupidity’ (CNBC) (Daily Bail):

“Who am I to argue with thousands of years of human stupidity…”

Tags: Economy, Global News, Gold, Jim Rogers, Silver

- Rogers: “Volume Is Not Going To Come Back. We’ve Had A Great 30 Years. That’s Finished!”

Jim Rogers is hedging his gold (and silver) positions reflecting that this is normal, following such a tremendous run, and that this is good for the precious metal in the long-run. In his discussion with Maria Bartiromo this afternoon, he notes India’s anti-gold ‘protectionism’ (and its potential balance of payments issues) that are trying to force the hoarding into risky ‘productive’ assets (as others might say). The immutable commodity maven suggests JPMorgan (and its peers) could be behind the drops in the overall commodity complex as the uncertainty of their positions (and liquidation potential to raise cash as bank examiners begin their forensics) becomes more important. He holds the USD, which he hates; has a number of equity shorts; and is most fearful of banks – specifically admitting he is a serial seller of calls on JPMorgan. His advice, and perhaps Maria should look into it given their ratings recently, is to become a farmer; own farmland; and speculate on agriculture. On the dismal ‘ethical’ state of our leaders and management, the thoughtful Rogers opines, “You can read world history for decades. There are always people doing things wrong. We have not changed our human nature and we will continue to have scandals and problems” and in a follow-up to CNBC’s standard ‘money-on-the-sidelines’ argument he crushes the money-honey’s dreams: “Finance had a great 30 years. That’s finished. Now to advance, we have too many people, too many MBAs, too much leverage and too many governments that don’t like us”. A must-see rebuttal to the ‘normal’ CNBC hopium with more on China’s slowdown, a US recession, Europe and a Greek exit, QE3, and ‘tractors’.

Tags: Collapse, Commodities, Dollar, Economy, Global News, Gold, Jim Rogers, JPMorgan, Silver, U.S.

- Jim Rogers’ Warning: Riots Coming To America (ETF Daily News, May 2, 2012):

Dominique de Kevelioc de Bailleul: Speaking with the Wall Street Journal on Friday, commodities trader Jim Rogers of Rogers Holdings said riots such as the ones witnessed in Greece and reported as widespread in China will hit the United States and again in Europe as the next leg down in the financial crisis takes shape (after the election, he speculates in previous interviews).

“I’m more worried about those kind of problems [rioting] in the U.S. and Europe; this is where social unrest is going to be worse,” Rogers told the Journal.  “I would suspect that, when economic conditions get worse here and get worse in Europe, we’re going to see . . . you’ve seen governments fail in Europe; you’ve seen countries fail in Europe. I suspect you’re going to see more of it [rioting], yes.

“We saw it in London; we’ve seen it in several countries in Europe in the last year or two.  Yes, I expect to see it here, too.  If you don’t, look out your window”

When asked about Bernanke’s credibility regarding his latest FOMC public statement, in which he said the Fed will be able to contain inflation, Rogers became noticeably irritated.

“Mr. Bernanke has zero credibility as far as I’m concerned.  The Federal Reserve has zero credibility,” Rogers said forcefully.   “Simon, go back at everything Mr. Bernanke has said in the last seven or eight years he’s been in Washington.  He’s never been right about anything.  The man has zero credibility for anyone who would take the time to look at his history.”

As far as further inflation down the road, Rogers stated inflation is already in the pipeline, and will manifest in higher commodities and consumer prices—of which, historically, have lagged money supply expansion by six months to one year.

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Tags: Barack Obama, Ben Bernanke, Economy, Fed, Federal Reserve, Global News, Government, Jim Rogers, Obama administration, Politics, Riots, Society, Timothy Geithner, U.S.