JIM ROGERS 2017 - Jim Rogers Talks Donald Trump, China, Oil & Korea
By everything, he means U.S. stocks, which rode Trump’s coattails to
record levels following his November victory on euphoria over Trump’s
promises to cut taxes, eliminate regulations and boost infrastructure
spending.
Read: How Trump’s postelection stock market rally stacks up against other presidents
Some
of that enthusiasm waned in recent weeks as doubts over Trump’s
America-first agenda emerged although stocks held gains on Friday as
Trump was sworn in as the 45th president of the U.S.The famed investor
admits that there is a chance that Trump may opt to focus on the
positive changes he had promised such as lower taxes and deregulation.
“If he does the good things, then happy days are here again,” he said.
The
challenge for the market is that no one knows what Trump will do once
he’s in office, according to Rogers who co-founded the Quantum Fund with
billionaire investor George Soros, a vocal critic of President Trump.
Read: Soros says Trump ‘uncertainty’ will cause global markets to falter
Still, Rogers said there is one asset that will shine no matter which Trump shows up at the White House—the U.S. dollar.
“This
is a good time to add dollars,” said Rogers, who believes that the
greenback will continue to rise through this year into 2018.
"Get
prepared," warns billionaire commodity guru Jim Rogers, "because we're
going to have the worst economic problems in your lifetime and a lot of
people are going to disappear." In this wide-ranging interview with
MacroVoices' Erik Townsend, the investing legend discusses everything
from whether Russia is being scapegoated ("yes, ask Victoria Nuland")
"Jim
Rogers" Investor Investment Gold Silver Oil Energy Korea Seoul "United
States" USA America U.S. Trading Forex "Forex Trading" Cash Wealth
Commodity "Stock Market" USD Dollar 2017 2018 China Economy Global
Growth "Bull Market" collapse TRUMP Japan "Gold Price" job "emerging
markets" development construction euro europe Bank Banking "Savings
Account" Savings "binary trading" "binary options" bitcoin "elite nwo
agenda" jsnip4 demcad coast to coast cashless society india currency buy
sell alex jones change unboxing silver coin fake exposed speech gerald
celente david icke mark faber bitcoin price moon fiat currency against
cash ("governments love it... they want to control everything"), to his
views on gold and the demise of freedom. ...get prepared because we're
going to have the worst economic problems we've had in your lifetime or
my lifetime and when that happens a lot of people are going to
disappear.
In 2008 Bear Stearns disappeared, Bear Stearns had
been around over 90 years. Lehman Brothers disappeared. Lehman Brothers
had been around over 150 years. A long, long time, a long glorious
history they’ve been through wars, depression, civil war they've been
through everything and yet they disappear.
So the next time
around it's going to be worse than anything we've seen and a lot of
institutions, people, companies even countries, certainly governments
and maybe even countries are going to disappear. I hope you get very
worried.
when you start having bear markets as you I’m sure well
know one bad thing happens and another bad thing happens and these
things snowball just like in bull markets good news comes out then more
good news comes out the next thing you know you're five or six or seven
years into a bull market.
Mr. Trump has also said he's going to
have trade war with China, Mexico, Japan, Korea a few other people that
he has named. He swore that on his first day in office he would impose
45% tariffs against China. He's been there three weeks, two or three
weeks and he hasn't done it yet but he still got it in his head I'm sure
or maybe he's just another politician like all the rest of them. He
says one thing and he doesn't mean it at all but he does have at least
three people in high levels in his group who are very, very keen to have
trade wars with China and other people.
“There is a lot of
optimism,” said Jim Rogers, chairman of Rogers Holdings. “People are
focusing on the good stuff when it comes to [Donald] Trump,” he said.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
Jim Rogers started trading the stock market with $600 in 1968.In 1973 he formed the Quantum Fund with the legendary investor George Soros before retiring, a multi millionaire at the age of 37. Rogers and Soros helped steer the fund to a miraculous 4,200% return over the 10 year span of the fund while the S&P 500 returned just 47%.
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Jim Rogers "the 19th century was the century of the UK , the 20th century was the century of the US , the 21 st century is going to be the century of China "
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