A currency crisis is imminent, so investors should avoid shorting the market, said Jim Rogers, chairman of Rogers Holdings.
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Jim Rogers CNBC – Jun 4th, 2009 – Currency Crisis Ahead
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Friday, June 5, 2009
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23 Responses to “Jim Rogers CNBC – Jun 4th, 2009 – Currency Crisis Ahead”
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June 5th, 2009 at 4:30 am
Everything is such a mess. These economic machinations is like watching a car wreck in slow motion.
Join the Trojan Horse of the Free Press movement and keep this information in front of more people! Help spread this news story and many others like it on Prison Planet to 1000s of other websites instantaneously. Look at the top of the new Prison Planet page when you click this link and participate! >> http://www.pyrabang.com/view.p.....ost_id=624
June 5th, 2009 at 5:11 am
Only the tooth fairy can save us… LOL
Why would anyone want to buy treasury bonds? It’s not worth less, it’s worthless.
I’d trust Jim Rogers more than these other ass hats, who say the rash is coming, just in four years.
It took the fall of 29, 3 or 4 years before the market flat lined, it’s history repeating it’s self.
June 5th, 2009 at 5:43 am
So
Currencies will collapse..which ones: USD, GBP?
What will happen to the AUD when these collapse?
If gold peaks as the currencies collapse, how do you cash in gold if the currencies are worthless?
Jim Rogers is looking at a 10yr+ time period for commodities peak, as he’s a long-term investor. But what about the next 2 years?
How high will gold go, in view of the fact that it is tightly manipulated by governments (see GATA)?
Howard says 2014-15 recovery, Jim says 2009-10 currency collapse.
Any researched information on any of these points would be appreciated.
j blaze Reply:
June 5th, 2009 at 10:00 am
hsdent.com check it out.
Dave Reply:
June 5th, 2009 at 2:19 pm
Do your own research.
Just look at what happened to the 30 year treasury bond price/yield since march 9th
look at what happened to gold/silver since march 9th
Look at the price of oil since march 9th
Since the us dollar is the only reserve currency in the globe, who knows if it will collapse and who knows when – no one.
The rest of the globe – some 6 billion people beyond the sheeple in the usa – want to grow and prosper and they will need commodities to do so.
http://cheapogroovo.vox.com
June 5th, 2009 at 6:45 am
A currency crisis means what? A U.S. dollar devaluation? Massive inflation?
Usually when this happens insiders make a ton of money.
truth911 Reply:
June 7th, 2009 at 5:58 am
insiders=fat rich greedy lazy lying worthless scum sucking pigs
June 5th, 2009 at 6:49 am
How is this helping the old widows?
Oh that’s right. They get “Change We Need” (an empty slogan).
And they will need the change (pun intended) to buy Alpo.
June 5th, 2009 at 7:01 am
Of what practical value is this banter? The average person has no interest in these markets nor do they understand how this will play out in their lives. These people are all part of the elite, part of the problem, thinking inside the financial box that is wrecking america from the bottom up.
They talk about Bernanke as if he were just a Princeton Professor. The Fed is a criminal enterprise. Lutnick, head of Cantor Fitzgerald, world’s largest Bond trader, is in bed with the Fed, and all the Banksters. Cantor did the Y2k analysis for the government, and they also did the scenarios for a WTC attack. Is it irony that they suffered the most losses in terms of lives? Cantor is one of the biggest untold stories in America in terms of their involvement in corruption.
It’s not so much what they say as what they don’t say. It is always the common man that pays for these excesses; the Financial establishment, including the media, banks, government, etc, is nothing but a wealth-redistribution scam extorting value out of people who actually work for a living. Jim Rogers may be a little more honest but he still is part of that crowd.
How do you translate this into useful information? If Jim Rogers is buying commodities, he is talking about shares in companies who produce them. He is saying in so many words, “stock up” your pantry and your gas cans and anything you consume because there will be shortages and price rising and cash will continue to lose its value, but you still need some emergency cash.
He’s a multimillionaire. He’s talking about his investment money. He could lose most of it and still be better off than 95% of Americans. It’s irrelevant waht these people say. They are more interested in how they can profit from any given situation than in solving problems, leveling the playing field, or correcting injustice. What a bunch of creeps.
June 5th, 2009 at 9:04 am
Here are some practical financial strategies to survive hyper-inflation and currency devaluation for your average Joe and Jill. First, you have to get out of debt. Any money you are spending every month on debt payments, is killing your ability to survive. Get out of debt. Now. Save as much money as you can every month, because cash will still be king, even if it is losing its value by 20 percent a month. Talk all you want about gold, but there are a few facts about gold in a major crisis, that history tells us, will make holding gold a bad idea. Historically, governments grab gold when governments get into financial trouble. They will come for your gold if there is massive currency devaluation. Secondly, if things got so bad that law and order broke down, you can be sure gangs – the kind of scum who deal drugs etc. – would come hunting for your gold. Be flexible: that means NOT locking your money into savings accounts. Spread your cash over several institutions. Be prepared to move quickly at any hint there is a ‘bank holiday’ coming. If you own something, own it completely. Over-mortgaged houses are still vulnerable: institutions will want to snatch back to sell. It is very likely currency controls will come in a crisis. That means not being able to move your cash out of the country. And finally, your only weapon in depreciation is to keep getting more cash. That’s why you must be debt-free, so that you aren’t starting from a negative. It will be like a running race: some guys are going to have a 180 pound sack of cement on their backs, others, if you are smart, are going to be wearing skimpy shorts, $300 Nikes, and one of those aerodynamic shirts. Those fuckers are going to run way ahead.
Ryan Reply:
June 5th, 2009 at 6:53 pm
This is horrible advice if you believe hyper inflation is around the corner. Yes, it is absolutely a good idea to get out of debt. However, devaluation and inflation means that, say, $1000 of debt today will be small change after shit hits the fan. This is exactly what the US seems to be hoping for to more easily get rid of all its previous debt and what China is getting nervous about.
So in general I would never advise anyone that getting out of debt is a bad idea. But if you’re THAT certain about coming hyper inflation, the correct strategy would be to hold back on paying off existing debt. Simultaneously saving $1 today for tomorrow isn’t quite as sound either. The purchasing power of that dollar now is considerably higher than it would be in the future. You want to hold hard assets that hold their value better in this inflationary environment, not US paper.
Having said all that, none of it is useful if you don’t have a job. If anything paying off all debt now makes the most sense in that context. You obviously don’t want to stick to such risky hyper inflation strategies if you’re not pretty damn confident you’ll still have a job in 2-3 years.
June 5th, 2009 at 9:35 am
Thank-you Frank Williams. Great advice.
June 5th, 2009 at 10:45 am
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June 5th, 2009 at 5:00 pm
talk about a chinese fire drill, all these carrion crows talking over each other.
do you hear that? tick, tock, tick, tock, the time is near.
i’m glad i’m no where near you guys, enjoy the summer.
June 5th, 2009 at 5:21 pm
The word is that Britian is on the brink of collaspe financially and they are going to vote Brown out of office for lack of confidence. I heard riots in the streets are very possible, this all happening within the next few weeks. This could have a severe ripple effect around the globe!
Also of note on FOX today the talking heads said gun ownership for a person or state is going to be illegal. The quoted some stupid law from decades ago and the new judges name (Satomayor) was thrown in there to round out the story. My question is…WHERE THE HELL IS THE NRA???? Who is president now that Charlton Heston has passed to the rainbow bridge? Why aren’t the NRA members “screaming” about this. I tell you, it’s coming folks. They really “are” going to take our guns away. I went to Wal-Mart this morning and guess what… no ammunition ! NO AMMO after all these months…what does that tell you. You all better get your head out of the sand, because when they take our guns we will all be sheep…and this time it will be true.
June 6th, 2009 at 6:25 am
THEY CAN TRY AND TAKE OUR GUNS, BUT IT WILL BE THE NEXT AMERICAN CIVIL WAR. MOST AMERICANS THAT OWN GUNS WONT JUST GIVE THEM UP FREELY, THEY KNOW IF THEY DO THEY WILL BE CUT DOWN LIKE SHEEP PLUS THEY KNOW THE 2ND AMENDMENT IS LAW OF THE LAND.
THERE ARE WAY TO MANY GUNS IN THE US, TO JUST GO DOOR TO DOOR.
June 6th, 2009 at 12:13 pm
ALL economic TRUTH SEEKERS you must visit this economic website immediately.
http://www.avaresearch.com/
Mike Stathis of AVA Research runs a highly respected economic intelligence website that provides uncensored economic truth. Most of the information on this site is FREE of charge and provides insightful information that NO corporate media site will speak about.
http://www.avaresearch.com/
Mike Stathis is one of a few economic figures who speaks the TRUTH. Anyone frustrated with the economic bail-outs or has lost money in the stock market needs to visit this website NOW.
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Mike Stathis has been blackballed by the mainstream media due to his highly accurate financial forecasts. He is not allowed on the air at CNBC or FOX Business. The corporate media wants Stathis censored BIG-TIME because he speaks the TRUTH.
Stathis has written volumes about what is happening today, especially the seminal book “America’s Financial Apocalypse” written in 2006. His books are readily available on Amazon.com.
Please do your financial future a favor and check out:
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June 6th, 2009 at 12:20 pm
Inflation is coming to the USA, but I seriously doubt hyperinflation will occur in the USA.
They’ll start a big war before allowing hyper-inflation to happen.
June 7th, 2009 at 9:52 am
David Wilkerson is right. Investors and corporations rule the roost, right down to the banks that are controlling every portion of our lives. They tell us everything that we can and can’t do.
For example, when Wal-Mart came into existence, we basically built everything on our own soil. Shortly afterwords, we entered this cycle.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides that a fringe benefit should be cut and the workers accept.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides that the workers have been taking a little too much vacation time, the workers accept a small cut in vacation pay.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides that there are too many plants and that one of them has got to close. The workers accept longer hours and a slight increase in pay in exchange for losing that plant.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides that the night shift has got to go and the workers accept for one more day of vacation.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides some senior employees have got to go, and a few inexperienced employees would be hired to replace them with their pay cut in half.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides to close all plants and move all production to China which would drastically reduce expenses. The employees cry that they are losing their jobs, but that is just the way it is.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides to close the company offices and move all those jobs to India.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO cuts a product line in order to save money.
Wal-Mart demanded that prices be lowered, in the meantime Wall Street says that companies must show a profit. Mr. CEO decides to go out of business because he can’t cut anything else. He does this by merging with another company.
The point that I am trying to make is that corporations are destroying America and that they are namely banks including the US Federal Reserve. I honestly believe that the founding, expansion, and growth of Wal-Mart may have been funded by the banks (if not the fed itself). Yes, the bible calls for 10 nations to rise in the last days, along with the antichrist, but the antichrist’s servant is the Pope of the Roman Catholic Church and the mark of the beast is the fact that people go to church on Sunday which is not the sabbath (Saturday).
As a result, this is how judgement will play out:
1. (This is already happening). God will allow small and large businesses to fail. Namely investment banks, small newspapers, magazines, small banks, and small and large retail stores alike.
2. (Also already happening). God will let the companies deemed too big to fail by the US government survive.
3. President Barack Obama will be discovered to be an usurper to the Presidency. This will cause massive riots while Obama will declare Martial Law in order to save himself. However, Obama will make the declaration in a joint session of congress with all his cabinet members attending.
4. During the joint session of congress, God will begin the judgement by sending fire upon the capital (likely saving Ron Paul in the process). Also, selective fires will be visited upon the 50 state governments in order to cleanse them, The entire Bush clan including extended family and pretty much everybody making excessive amounts of money including Wall Street Investors, the big banks, and the US Federal Reserve.
5. Also destroyed will be the many central banks across the world. Meanwhile the current media (for the most part) will be crippled by God’s power meaning we will see the return of objective journalism.
6. What will happen is that God will eventually allow the antichrist to take over the world, but the bible says that the antichrist will arise and amaze everyone with his tricks which will include a “lasting peace deal” between Israel and the Arabs. He will be unopposed in every effect and will be seen as the one and only Jesus Christ.
June 8th, 2009 at 1:28 am
Why doesn’t this story have any flying triangles??? I need my daily dose Illuminati sightings to make me feel special and smarter than the average person whose contributions to society probably dwarf my own!
You conspiracy fools are the laughing stock of ordinary, well-adjusted individuals. You’ve been crying wolf and distorting information for years. Anybody with an iota of real intelligence and critical thinking skills knows that Alex Jones and people like him are basically just undereducated bums who’ve managed to make a pretty good living by synthesizing the repetitiousness of Fox News lies with a deliciously retarded fantasy/fiction/doomsday storyline that involves themes from religious and science fiction cults.
Time and time again his baseless predictions have flopped, yet you cravenly suckle at the greasy nipple of the Rush Limbaugh of conspiracy libertarianism. Just look at the last 12 months. The first prediction in Jones’ grossly oversimplified “evil almighty Neocons” world was that John McCain was going to steal the election from his opponent Barack Obama. Although that was already a ridiculous and unsubstantiated prediction, the absurdity was stepped up a notch several months before the election when Alex whined that martial law was going to be declared instead.
The election arrived, and you all should have felt like total retards. It could not have been a more peaceful arrival of a new president-elect from the Democratic Party.
But this was intolerable to doofus Jones, who desperately clung to the only narrative he’d known for the past 8 years: evil almighty Neocons. He began to backtrack, and rambled that instead of a stolen election and martial law, the Neocons had simply “allowed” for Obama to win the election in order to promote the illusion of an intact democracy. Now, according to the enlightened Texas fatso, there would be a MILITARY COUP at some point between the “staged” election (Nov. 4th) and his inauguration (Jan. 20). Yikes! Long story short, and to my cherished amusement, that never happened either. Barack Obama has safely been our president for over 4 months.
The point is this: Jones and you have been crying wolf for foreign and domestic national elections, foreign and domestic military coups, acts of and/or alleged plots to commit terrorism, the imposition of martial law, “bio-holocaust” swine flu… it goes on forever! Put down your weed pipes, unplug your Xbox, and see that the world is not a comic book. Intelligent, successful world leaders are not trying to silence and imprison and attack and poison and kill you. Relax.
Why can’t you realize that the only conspiracy directly affecting your warped lives is the reality that Alex Jones is profiting off gullible retards who are simply too dimwitted to discern that no matter who holds political power in the Unites States government, no matter what events transpire, and no matter how often his visions never manifest, Jones’ central claims will never ever change. He’s been collecting advertising and sales revenue off you fools for a decade.
Now, after years of abject failure to “debunk” 9/11, the Jonesian cult fiasco has rebranded itself as the last line of defense against the “new world order”. “Subscribe to Prison Planet TV and help us fight the tyranny of the new world order – for only $5.95 a month!” Hahahaha! That line reads like it could have been lifted right out of a South Park script mocking the raw idiocy of your “truth movement” That’s fucking gold! You fools are so blind to the scam you’re embroiled in!
For further evidence of Jones’ ulterior motives, just notice at how many Bush-voting Americans have flocked to “The Obama Deception” YouTube and began patronizing his webpage. The bloated oaf has dollar signs in his eyes. His sad excuse for a film was so hilariously retarded that I knew after literally only 4 minutes that it represented yet another step AJ has waddled toward the abyss of an intellectual coma.
The narrative begins hysterically with an academically unqualified, analytically bankrupt thug making an analogy between the complex international political, banking, business, and media systems with a disgruntled customer at Burger King.
The gimmicks are laughable! I love the sheer paranoia and delusions of grandeur exhibited by a notably well-fed Alex Jones, who childishly pretends that the Bilderbergs — who rule the world, remember — can’t simply close one fucking hotel for a day in advance, but instead have to go all high-school on guests’ asses with some lame gag at 2:00 in the morning. What an embarrassing buffoon this man is. I would be genuinely willing to bet money that one of Jones’ bonehead flunkies just scuttled into the hallway and pulled the fire alarm.
Uhh… I can’t go on… Too many deluded minds to save… brains to reactivate…
The one last thing I’m gonna say is how excited I am to come back in maybe 2 days and see how many non-thinking imbeciles have accused me of being a government agent. Haha! This is going to be great! Some will call me Cointelpro, others will call me Mossad, while still others will suffer from truth-induced temper tantrums of rage and uninterpretable confusion: “gaY! fuckiing FAG media whore!! bigg Jew i bet u jeww jew and corporate cock suckerr FUCK yoU!”
But nobody will accuse me what I really am, which is precisely what none of you had the guts to achieve in life: a 21 year old student currently composing his master’s thesis in international relations.
Start using your brain. You will see that the world is more complex than a Texas bum’s imagination, and truth is more elusive than a punchline.
June 8th, 2009 at 1:26 pm
I have lost my job, my unemployment is running out , i can barely feed my family and my pets, and there are no jobs out there. And things are getting worse, we are beyond a depression, i need a job really bad, can anyone help me find a job………..DESPERATE!!!!!
June 8th, 2009 at 3:30 pm
I don’t agree with how jones does things but there is some truth in what is reported People have to stand back and see what the stories truly are and make an opinion after that or throw it into the recycle bin. Educated individual you should stay in school because first an educated individual is just educated it doesn’t mean you are smart and to say you’re educated means you’re an idiot. you’re 21 you don’t know shit about the world. Grow up shut up and learn something because preaching to everybody saying how educated you are is dumb. The blog shows us you need to work on your international relations a little more gotta go too many minds to save later
June 9th, 2009 at 12:31 am
[...] This bear rally has been driven mostly by greed and impatience as cash heavy funds have been dumping low yielding treasuries to chase stocks. There is a TON of liquidity lying around right now, and most of it is denominated US dollars that have been rapidly losing value. Investors are eager to put their worthless dollars to work whether it is in equities or commodities, both of which have enjoyed big gains as the dollar has plummeted. The fundamentals like unemployment and foreclosures continue to deteriorate. The only bull case for equities right now is that inflation is starting to creep into the markets. [...]