The worst crash in our lifetime is coming!!

Discussion in 'Financial Cents' started by Yard Dart, Jun 10, 2017.


  1. Yard Dart

    Yard Dart Vigilant Monkey Moderator

    Legendary investor Jim Rogers sat down with Business Insider CEO Henry Blodget on this week's episode of "The Bottom Line." Rogers predicts a market crash in the next few years, one that he says will rival anything he has seen in his lifetime. Following is a transcript of the video.

    Blodget: One of the things I’ve always admired about you as an investor is that you don’t talk about what should be. You figure out what is going to be and then you do that. So what is going to be with respect to the stock market? What’s going to happen?

    Rogers:
    I learned very early in my investing careers: I better not invest in what I want. I better invest in what’s happening in the world. Otherwise I’ll be broke — dead broke. Well, what’s going to happen is it’s going to continue. Some stocks in America are turning into a bubble. The bubble’s gonna come. Then it’s going to collapse, and you should be very worried. But, Henry, this is good for you. Because someone has to report it. So you have job security. You’re a lucky soul.


    Blodget: Well, yeah, TV ratings do seem to go up during crashes, but then they completely disappear when everyone is obliterated, so no one is hoping for that. So when is this going to happen?

    Rogers: Later this year or next.

    Blodget: Later this year or next?

    Rogers: Yeah, yeah, yeah. Write it down.

    Blodget: And what will trigger it?

    Rogers: Well, it’s interesting because these things always start where we’re not looking. In 2007, Iceland went broke. People said, ‘Iceland? Is that a country? They have a market?’ And then Ireland went broke. And then Bear Stearns went broke. And Lehman Brothers went broke. They spiral like that. Always happens where we’re not looking.

    I don’t know. It could be an American pension plan that goes broke, and many of them are broke, as you know. It could be some country we’re not watching. It could be all sorts of things. It could be war — unlikely to be war, but it’s going to be something. When you’re watching Business Insider and you see, "That’s so interesting. I didn’t know that company could go broke." It goes broke. Send me an email, and then I’ll start watching.


    Blodget: And how big a crash could we be looking at?

    Rogers: It’s going to be the worst in your lifetime.

    Blodget: I’ve had some pretty big ones in my lifetime.

    Rogers: It’s going to be the biggest in my lifetime, and I’m older than you. No, it’s going to be serious stuff.

    We’ve had financial problems in America — let’s use America — every four to seven years, since the beginning of the republic. Well, it’s been over eight since the last one.

    This is the longest or second-longest in recorded history, so it’s coming. And the next time it comes — you know, in 2008, we had a problem because of debt. Henry, the debt now — that debt is nothing compared to what’s happening now.

    In 2008, the Chinese had a lot of money saved for a rainy day. It started raining. They started spending the money. Now even the Chinese have debt, and the debt is much higher. The federal reserves, the central bank in America, the balance sheet is up over five times since 2008.

    It’s going to be the worst in your lifetime — my lifetime too. Be worried.

    Blodget: I am worried.

    Rogers: Good. Good.

    Blodget: Can anybody rescue us?

    Rogers: They will try. What’s going to happen is they’re going to raise interest rates some more. Then when things start going really bad, people are going to call and say, "You must save me. It’s Western civilization. It’s going to collapse." And the Fed, who is made up of bureaucrats and politicians, will say, "Well, we better do something." And they’ll try, but it won’t work. It’ll cause some rallies, but it won’t work this time.

    Blodget: And we are in a situation where Western civilization already seems to be possibly collapsing, even with the market going up all the time. Often when you do have a financial calamity, you get huge turmoil in the political system. What happens politically if that happens?

    Rogers: Well, that’s why I moved to Asia. My children speak Mandarin because of what’s coming.

    You’re going to see governments fail. You’re going to see countries fail, this time around. Iceland failed last time. Other countries fail. You’re going to see more of that.

    You’re going to see parties disappear. You’re going to see institutions that have been around for a long time -- Lehman Brothers had been around over 150 years. Gone. Not even a memory for most people. You’re going to see a lot more of that next around, whether it’s museums or hospitals or universities or financial firms.


    JIM ROGERS: The worst crash in our lifetime is coming

    What are you doing to be ready.....the crash is coming, just a matter of time. ;)
     
    Tully Mars, Ganado, Motomom34 and 3 others like this.
  2. snake6264

    snake6264 Combat flip flop douchebag

    The crash is always coming it's a matter of when and how bad. Be ready adapt and overcome
     
    Ganado, sarawolf and Legion489 like this.
  3. Merkun

    Merkun furious dreamer

    The sky will fall, the question is when? (Said differently, how much time do we have? The amount of time influences what we do.)
     
  4. Yard Dart

    Yard Dart Vigilant Monkey Moderator

    Well, according to Rogers, it will happen in the next year or two.
    He was in the past....if not still, a George Soros guy....
     
  5. arleigh

    arleigh Goophy monkey

    Seeing the democrats are doing every thing to sabotage the president and rebuilding america ,it's no big surprise.
     
  6. Brokor

    Brokor Live Free or Cry Moderator Site Supporter+++ Founding Member

    The more I observe, the more I see it's a two way street. There's a distinct difference between blatant sabotage and the same which is seemingly encouraged without there being any consequence for the culprits. I don't believe "rebuilding America" was ever really an actual agenda, but more of a talking point to gain support for the establishment in the buildup for war. I've been posting about the coming war with China/Russia/N. Korea for more than a decade because that's precisely what the globalists need to cement their foothold for their intended corporate collective (NWO). It's not irony or chance that the major focus is on Russian influence over politics at home and their influence within the American political hierarchy --it's by design. The corporate media isn't going to tell you about the Zionist influence and what it means. Everything we see is a carefully scripted illusion, designed to create strife between the people and divide them so they will be too preoccupied to see the masters at work creating the gates to keep them inside the pen. And when the Fascism dial is cranked up to its full setting, the only chance to escape will be to accept the deal they offer. Rats in a cage, nothing more.
     
  7. oil pan 4

    oil pan 4 Monkey+++

    Some one literally says there is a crash coming every year.

    If you are that worried, put everything in bonds, securities, certificates and notes.

    Even a broken clock is right twice a day.
     
    Altoidfishfins likes this.
  8. 3M-TA3

    3M-TA3 Cold Wet Monkey Site Supporter++

    The Democrats are the Republicans are the Democrats are the Republicans. In their world, Trump is neither fish nor fowl. The Republicans are doing everything they can to undermine him without alerting their constituents.
     
  9. Dunerunner

    Dunerunner Brewery Monkey Moderator

    Thus, an even better reason to be self sufficient with no house payment, no car payment, the ability to grow and raise your own food, an independent income or trade that is not government dependent and a stockpile of food, ammunition and barter goods.

    I have two gentlemen who visit my doorstep once a week to give me a newsletter and talk to me about the end of times, so I get this imminent End Of Life As We Know It thing... [shtf] [peep]
     
    Tully Mars likes this.
  10. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    I think one doesn't need to be a Rogers or even a Soros to know that a crash will more than likely happen. I mean, they spend more than they take in and they can't take more in without a revolt and they can't stop the spending. It's like a drug addict. So, the day someone won't purchase our debt is the day the house of cards start to fall. Who knows what will happen then... The world without an America will be a different place. We might still be around but won't have anywhere close to 'the muscles and sinews of war' that we once had. Maybe that is good. Or, maybe that is bad... What can we do about it? Nothing much. We can continue to prep and try to protect our finances as well as one can. In truth only gold or silver is the only way. But, it will happen and it is just a matter of when...
     
  11. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    Spot on! So very true...
     
  12. Dunerunner

    Dunerunner Brewery Monkey Moderator

    That could be a very bad thing for the World, not having at least one Nation with some semblance of individual freedom....
     
    Tully Mars and Yard Dart like this.
  13. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    Totally agree. I think the world would be an ugly place and with the advancement of technology it could be a nightmare.
     
    Dunerunner likes this.
  14. DKR

    DKR Raconteur of the first stripe

    What can you do?
    Well, get out of and stay out of debt.
    Have some PM - not a lot.
    Have the tools you need to support yourself.
    Be prepared to raise more of your own food.
    Keep what you already own in good shape (maintenance of assets)

    I'm not going to worry all that much. I look to the story of my own Grandfather and how he did just fine for himself and family even at the height of the so-called Great Depression.

    I worry more about the masses that have dug themselves into complete dependency on the Govt. Life is going to suck for them.
     
    Last edited: Jun 10, 2017
    Tully Mars, Ganado, Yard Dart and 2 others like this.
  15. oil pan 4

    oil pan 4 Monkey+++

    House has been paid off for years.
    My wife wanted a new car so I fixed up her old 2008 hyundai. Last year for about $4,000 we got about 90% of the hail dents popped out, repainted the bumper, hood, front quarter panels, mirrors and trunk at the local paint shop. New windshield at the glass shop. Another 100,000 service and fixed a transmission temperature sensor issue at a dealership.
    I think I got her to put off buying a new car till 2018.
    And I got her talked into buying a 2015 or 2016 lease turn in not a brand new car. We're going to pay cash for it. She just doesn't know it yet.
    She will pay me not the bank. Funk the bank.
     
  16. chelloveck

    chelloveck Diabolus Causidicus

    I think TRump and his cronies are doing a jim-dandy job of undermining themselves. The Republicans are a quivering bowl of jelly, mortified at the potential electoral fallout that the TRumpinator is creating in the lead up to the next 'mid-terms'. The best the Republicans can offer is faint praise, lest they be seen as too strongly associated TRump's shambolic presidency. Sure, the Republicans backed TRump as their 'preferred' presidential candidate...but they are rightly concerned about being perceived as guilty by association with the train wreck TRump's White House seems to becoming.

    As to the crash...well....there's a lot less stretch in the fiscal elastic to deal with that shock than was the case the last time that there was a 'correction' (aka the GFC). The question won't be how much will be lost, but as to how much can be saved.




     
    Last edited: Jun 11, 2017
  17. Kingfish

    Kingfish Self Reliant

    I removed myself from this equation. I have no money in any banks. However we ar enot broke by any means. :) . In fact living better now than we have in years. let it fall.
     
    Tully Mars, Gator 45/70 and Yard Dart like this.
  18. Legion489

    Legion489 Rev. 2:19 Banned

    Exactly. I keep telling people to read the 1888 "World Control Through World Domination". That is the actual name of the book, not the name everyone calls it. It's on the net, all you got to do is look it up. Also note the people who poo-poo it call it a "forgery" and NEVER a fake!! STILL illegal to get caught with a copy in ALL of Europe and Canada too! Hmmmm.... wonder what they are so afraid of! Anyway, once you read it everything falls into place and makes sense for once. Probably way they are desperate for the goyum to NOT read it.
     
  19. Bandit99

    Bandit99 Monkey+++ Site Supporter+

    @chelloveck "...train wreck TRump's White House seems to becoming."
    Please elaborate with specifics. Perhaps I am missing something but I don't see a 'train wreck' and don't see one coming. What I do see are Republicans trying as hard as possible to derail anything the President wants to do but not get caught doing it less their voters find out. The Dems are of course against him...But, in all honesty, I don't see anything worrying so far so would be interested in what you see that I don't. Sometimes a person farther away from the problem can have a different and/or better perspective than one that is too close to the problem. We are obviously close as you are obviously far.

    @Legion489 "I keep telling people to read the 1888 "World Control Through World Domination".
    1. I looked for it on Amazon and its not there
    2. I googled it and didn't get a hit but admit I didn't search real hard
    (or are you referring to "Bagdad railway project from 1888 when the first ...the effect of German control aroused a storm of protest..."
    3. What is the '1888' referencing/mean? (Edit: The date of printing?)
    4. Get me a copy or tell me where to obtain one and if it is not too expensive I shall read it. Is it on the Monkey? I shall look. (Edit: No it is not here either)

    EDIT: I did some more googling and it is definitely not as easy to come by as you think so if you have a copy or know where I can obtain one please advise.
     
    Last edited: Jun 10, 2017
    Yard Dart likes this.
  20. Merkun

    Merkun furious dreamer

    @Legion489
    This is the first you've mentioned that book on this site that I could find. And a fairly detailed web search turned up nothing, so how about a link if you can find one? Or at least the name that everyone calls it? (Or could it be in an "alt"ernate library somewhere-- )
     
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