Back in
the 1970’s as recession gripped the world for a decade, stocks stagnated and
commodities crashed, investor Jim Rogers made a fortune. His understanding of
markets, capital flows and timing is legendary.
As crisis
struck in late 2008, he did it again, often recommending gold and silver to
those looking for wealth preservation strategies – move that would have paid of
multi-fold when precious metals hit all time highs in 2011. He warned that the
crash would lead to massive job losses, dependence on government bailouts, and
unprecedented central bank printing on a global scale.
Now, Rogers says that investors around the
world are realizing that the jig is up. Stocks are over bloated and central
banks will have little choice but to take action again. But this time, says
Rogers in his latest interview with CrushTheStreet.com,
there will be no stopping it and people all over the world are going to feel
the pain, including in China and the United States.
We’re all going to suffer… I
can think of very few places that won’t suffer. But most people are going to
suffer the next time around.
Central banks will panic. They will do whatever they can to save
the markets.
It’s artificial… it won’t work… there comes a time when no
matter how much money you have, the market has more money.
…
I don’t know if they’ll even call it QE (Quantitative Easing) in
the future… who knows what they’ll call it to disguise it… they’re going
to try whatever they can… printing more money or lowering interest
rates or buying more assets… but unfortunately, no matter how much P.R. or
whitewashing they use, the market knows this is over and we’re not
going to play this game anymore.
The entire world is about to get
hammered and the average person on the street is the one who will pay the
price, as is usually the case.
We can expect more losses in markets,
more losses in jobs and more losses to freedom as governments and central banks
point the finger at everyone but themselves.
For more
news, commentary analysis and interviews like the one above, visitCrush
The Street.