Jim Rogers : US bonds is a bubble in formation

Jim Rogers on the markets

Jim Rogers, CEO of Roger Holdings, interviewed by NDTV shares his perspective.
Jim Rogers : there has been a crash but thge markets have been very weak , in the past two to three months nearly everywhere in the world and markets have been going down  , they gone up a whole lot in 2009 and first part of 2010 now they are having a correction , the question of course is this correction gets worse or is it just a simple term correction . in my view we have seen the worse yet for the markets in the US market and the European markets get into trouble that's going to affect everybody remember the European and American markets are huge markets huge economies compared to the rest of the world , we cannot avoid what's happening in the west whether we like it or not ...
I happen to have short shares in the United States because I do expect markets around the world to be weak for a while I own commodities on the long side I am short stocks on the short side and I own some currencies that's how I am playing the world economy as we set here .....

anything could happen , all i know is I am short stocks right now I have no idea if and when I will cover my shorts but I do expect stocks to be a bad place to be for most investors around the world at least at the moment and going forward , i do not see much that can turn that around because we had such an exuberant year or so ...
mainly I am long agriculture because agriculture is still very very depressed ..., My view of the world is : if the world economy gets better I am going to make money in commodities because shortages afe developing  if the world does not get better i still want to own commodities because then governments around the world are going to print a lot of money , and throughout history when governments printed money the only way to protect yourself and to make money is to own real assets whether that's silver or rice or natural gas , you got to own real assets  , I happen to think agriculture as a class is more depressed than anything else but they're all they're all going to do well....
I am a terrible market timer i am a terrible trader I buy the Rogers indexes because that way I can invest in everything but if you're going to invest in individual commodities and if you know a lot about them , I would start with the things that are most depressed , rice is extremely depressed natural gas is extremely depressed , if you look at metals , silver is very depressed compared to its historic highs platinum palladium are very depressed , gold is making all time highs , I when I look at individual companies or commodities I usually start with the things that are depressed i mentioned three that happened to be very depressed whether you should buy them or not , I do not have a clue ...
 I do not see any bubbles in commodities gold is at all time high coco tea there are few things that are near all time high these things are very depressed over any long term period of time , Gold is making an al time high but if you adjust gold for inflation gold should be well over $2000 per ounce right now , coco made its previous high in 1977 if you adjust the price for inflation it should be much much higher , so none of the commodities are very expensive on a historic basis if you look at inflation and cost of production
...I have no position in (US) bonds in my view that is a bubble which is forming but bubbles can go much higher than anybody could expect , I cannot conceive of anybody lending money to the United States Government for thirty years in US dollars at 3 , 4 , 5 or 6% interest , but there are people doing it , I am short bonds yet , I hope I smart enough to do it someday obviously I should long bonds instead of just watching and waiting for a short but its a bubble in formation ...etc...
(This Transcript was made manually and hence should not be taken literally )