Bitcoin: Nothing drops in a straight line

"Don't get excited about Bitcoin being back above $20,000. 20,000 is the new 30,000. This is just another bull trap. Nothing drops in a straight line. In fact, this slow motion crash has been extremely orderly. No sign yet of any capitulation that typically forms a bear market bottom."

-- Peter Schiff

All This Debt Will Cause A Major Bear Market

 

Before this is over we're going to see the worst bear market in in my lifetime. In 2008 and 2009 we had a bad problem because of too much debt. Since then the debt everywhere even in China has skyrocketed! 

So the next bear market when it comes has to be the worst in my lifetime.

Bitcoin Will Not Be The New Monetary Standard

Jim Rogers on the possibility of a new monetary standard: 

"I don't see it being Bitcoin, it might be an electronic currency but it would be government currency. They're not going to give up their power, they're not going to give up their monopoly, because they never have." 

The End Of The US Dollar As A Reserve Currency

No currency ever lasted forever. If you go back and look at history we've had international currencies as the world's medium of exchange that have lasted 80, 100 or 150 years maximum. They've all changed over and over and over since the beginning of time.

The US Dollar has been on top for a while but now as I said we are the largest debtor nation in the history of the world and now we will not let the US Dollar stay neutral. Now, we're using it as a political or an instrument of war so that means nobody in his right mind  is going to want to use US Dollars (as an reserve currency).

Hot Commodities: An Amazon Review

"Highly readable and entertaining. It isn't necessarily going to benefit those who are already very knowledgeable about commodities, nor does this book tell you how to trade commodities. It isn't a practical guide but rather Jim suggests what you should look at when constructing your world view.
In Hot Commodities, Jim presents a strong case for why you should invest in commodities if you are going to invest at all. He doesn't recommend short-term punts or the use of leverage, he admits that if you are capable of trading then that's your prerogative. However, most people who wish to invest are just not suitable for leveraged trading. In fact he advocates simply buying a broad index of commodities rather than trying to pick the best. This corroborates with the findings of Bogle: index investing is best.

His arguments rely upon historical events and examples from his earlier days as analyst, he relates previous examples of the 70s and 80s to the situation we have now. While many people (politicians?) might have blamed speculators for high commodity prices in the 70s, Jim points out that speculation or market manipulation is hard to achieve over a sustained period of time. The cause of inflation, as Jim presents it, is due to something. One part of the high commodities' prices in the 70s was due to the natural cycle of commodities versus stocks (a theory that is fairly unique to Rogers), and the other part is due to the killing of the gold standard plus other monetary / fiscal policies. In the current climate Rogers believes we back in a commodity bull (upward trend) while stocks are bearish (lack of a strong upwards trend). This commodity bull cycle will likely come to an end in 10 - 20 years and then we'll likely be back to a bullish stock market. These long term trends are secular bull and bear markets, Rogers proposes the theory that stocks and commodities are bullish in the counter periods to each other.

Why is the author trustworthy? Anyone that regularly watches Jim on tv will know that he is consistent with his recommendations and analysis. He never claims to be right 100% of the time nor that investing is easy. Rogers comes across as honest and humble. Jim has never compromised his analysis because others dislike what he says. He presents the facts as he sees it and is unapologetic about it. Unlike other contemporary investors such as Soros, Roubini, Buffett whom seem far too willing to bend to the views of a particular government."

Hot Commodities, Amazon Review from Edward A. Thomson

How To Invest.

"After you act, you wait for it to play out. You don't go jumping in and out. If you buy something that you know is going to work, you wait, you wait, you wait. There will be panics, you'll be scared at times, but if you can just do nothing, you'll make money."

-- Jim Rogers

Ukraine - Russia War: This Should Never Have Happened.

Suppose Russia had an alliance with Mexico and they started stationing troops in Mexico and missiles and tanks what do you think we would do?

We'd say, "oh my gosh, it's so good let's drink vodka together!", no! They'd send an army down there and run them away just like they did in Cuba.  

This never should have happened. We should not have done what we did. The Russians should have somehow made it clear that this would be an act of war and the world should go on peace peacefully as peacefully as it can.

War Has Never Been Good For Anything.

War has never been good for anything. This whole thing starts because in 2014 the state department, our state department instigated a coup in Kiev and now we're paying the price for it.
 

We've been trying to move nato to Ukraine ever since. It's absolute madness, this no war should not be happening. None of this should be happening. We shouldn't have instigated the coup.

New Emerging Markets: Cambodia, Uzbekistan

Right now, I'm looking at Cambodia, I'm looking at Uzbekistan. I shouldn't tell you that because I

haven't invested there yet... These are countries that i'm looking at.

If a country is a disaster but I see something changing in the leadership or the attitudes towards capital, attitudes towards an investment then it gets my attention. 

Then I start doing more research. Do they have a balance of trade surplus? Do they have a budget

surplus?

I'm looking at Namibia right now in Africa. It looks like they're doing some good changes.

I'm looking at Zimbabwe. I already have investments in Zimbabwe. 

Africa has been a disaster, a total ruin in the last 35 or 40 years. But I have learned that if you invest in

a catastrophe and you have the staying power and it's changing and most catastrophes change because

people just can't take it anymore -- you might make some money.

America Is The Largest Debtor The World Has Ever Seen!

America is the largest debtor nation in the history of the world.

Never in world history has any nation been so deep into debt. That doesn't sound good to me for

the future, it does not sound good to build a long-term success story if you're the largest debtor the world has ever seen but that's the facts.

Commodities: Cotton & Agriculture

 

Jim Rogers expressed his views on markets, bitcoin, regulation and what he sees going forward. 

"Unless something happens soon we're not going to have any clothes to wear you don't have any food to drink or eat." - Jim Rogers

Commodities: Copper and Agriculture

We still have plenty of room to make money in Commodities, especially agricultural commodities going forward. Agriculture is cheap and many Commodities are still cheap now.

Now copper is making all-time highs. The world has got become electrical electrical cars, trucks and

everything else. Well, it turns out that electric car uses several times as much copper as a combustion engineering car. So there's going to be a huge demand for some of these metals that we

didn't have before.

Higher Prices For Real Goods: We Have A Long Way To Go

 

Throughout history all of this money printing historically has led to higher prices for real good. So in my view, we have a long way to go.

Bonds Are The Most Obvious Bubble

When I look around the world, the most obvious bubble is in the bond market. Bonds have never been this expensive in the history of the world. Interest rates have never been this low in the world's history. There are cerebral bubbles but that is the clearest bubble of all. 

A Major Bear Market Is Fast Approaching

 

The worst bear market of our lifetime is nearing fast, says Jim Rogers.

Bonds are clearly in a bubble, property in many places (Korea, New Zealand) are also in a bubble.

Commodities: Views on Silver

 

Jim Rogers shares his bullish views on Silver, Sugar and real goods. 

Will Silver go back to its all-time high?

Why is Copper near all-time highs? Electric vehicles have been the catalyst. 

A Little Story About Electric Vehicles

Remember Henry Ford? Henry Ford's wife had an electric vehicle. She did not like internal combustion engines, she insisted that electric vehicles were the future. Well, she was over 100 years too soon! Yes, they're coming but it's not going to happen overnight.

Related stock market tickers: Tesla (TSLA), Ford (F), General Motors (GM)

Markets: Rally Will End Soon

Markets everywhere have been going through the roof! This has been unprecedented because we've had so much money printing by central banks all over the world.

I'm not good at market timing but I'm sure it's going to be coming to an end sometime in the next few months.

Inflation Outlook

 

Jim Rogers discusses the inflation phenomenon. Is it transitory, or are things structurally changing? 

Other topics:

- quantitative easing

- government spending

- consumer inflation

- governments like to lie about inflation data

How Trading Accounts Blow Up

"Every account blow up happens the same way... you dig in and refuse to accept a small lose before it turns into a huge one or you refuse to back off when trades are not working... or worse, you add more to losing trades and get bold when trades are running cold."

-- Mark Minervini, momentum stocks trader profiled in the Stock Market Wizards book

Be Audacious!

"Be audacious. There is always a best possible path. Your job is to find it and have the courage to follow it. What you think is attainable is just a function of what you know at the moment. Once you start your pursuit you will learn a lot, especially if you triangulate with others; paths you never saw before will emerge."

-- Ray Dalio, hedge fund manager

The Euphoric Recovery Will Fade Soon

 Recent interview with RT, Saint Petersburg (Russia).

Jim Rogers talks about how the economy is recovering from COVID-19. The euphoric recovery will fade  soon. 

Becoming A Great Trader

"Becoming a great stock trader is no different than becoming a great basketball player, surgeon or trial attorney; it takes knowledge, practice and skill which takes time. Don't be hard on yourself if you are not killing it right away. Focus on making incremental improvement."

-- Mark Minervini, momentum stocks trader profiled in the Stock Market Wizards book

Young Traders vs Older Traders

"When I was young and poor I dreamed of a having a big beautiful home and fancy cars. How life changes after 50... I just got a new toaster and it makes me so happy."

-- Mark Minervini

Crude Oil: Sub $100 Will Be Transitory

"I think the sub $100 per barrel crude oil prices we enjoyed since the 2014 oil price crash will turn out to have been transitory. Those low prices resulted from a strengthening U.S. dollar and a boom in domestic production due to fracking. Neither of those benign factors will return."

-- Peter Schiff

Inflation Keeps Pushing Crude Oil Higher

"High inflation keeps pushing the price of oil higher. So far today it's already hit $73.40, the highest price since October of 2018. Yet investors aren't buying gold because instead of looking at what's actually happening to oil, they believe the Federal Reserve that it's only transitory."

-- Peter Schiff, economist & investor

Bitcoin Will Be Outlawed If It Becomes Very Successful

 Bitcoin will be outlawed if it becomes very successful. That's what history shows us. 

Other topics covered:

- the state of the US Economy;

- the sustainability of the US Debt;

Investing: Identifying Opportunities

 

Highlights: 

0:00:00​ Welcome and context 

0:02:40​ The Jim Rogers way of identifying opportunities 

0:07:16​ What is your decision-making process like for investing? 

0:10:15​ What helps you understand what cycle are we going through now? 

0:12:50​ What mistaken beliefs are widely held right now? 

0:14:51​ What if governments can just keep printing money? 

0:16:24​ How does the MMT will end? 

0:18:30​ What looks inexpensive to you? 

0:21:33​ Thinking through the risks 

0:24:01​ What were the biggest opportunities through the pandemic? 

0:28:05​ What factors are you looking among the Asian countries? 

0:31:21​ How do you filter information? 

0:32:56​ What are the benefits of travel? 

0:34:55​ Is India interesting for investors? 

0:35:37​ What gets you most excited in the current markets? 

0:36:29​ Where can people find out more about you?

Q&A: Where Are Interest Rates Going?

Q: what you think about effects both in society and in investors life with potentially going into a longer term era of rising interest rates if you think that's where we're going?

Interest rates are going to be going higher for a long period of time and you will have a huge advantage if you can lock in rates now lock in that's the important word lock in make sure you not gonna get hurt if they go higher. 

Investing Commentary: Real Estate, Agriculture and Inflation Risks

Topics:

- real estate investing

- agriculture 

- inflations risks and what to do about it

Market Cycles

"As with all market cycles, there is a very good chance that many of the more speculative stocks that are down 40-50%+ won't see their recent highs for a very long time. There is a whole new group of leaders that have been emerging, and that is often the best group to focus on."

-- Larry Tentarelli, Blue Chip Daily

Trading Lessons (Mark Minervini)

"If you have a hard time accepting small losses.. its usually because you haven't yet suffered enough huge losses. Eventually you realize that it's either one or the other. Those who fail to take small losses eventually take big losses. That's a guarantee!"

-- Mark Minervini, momentum stocks trader

Outlook on Markets

Legendary investor Jim Rogers sits down with Raoul Pal (Founder/CEO - Global Macro Investor and Real Vision Group)to discuss his outlook on markets, the many lessons he’s learned during his storied career and the importance of thinking for yourself.

Watch here:

https://www.realvision.com/shows/the-interview/videos/jim-rogers-identifying-opportunities-while-markets-are-up-to-a-fever-pitch?utm_source=twitter&utm_medium=social&utm_campaign=202131_INTV_MR_TW_W1_SNAP

Interest Rates Are Rising On Inflation

"How can Wall Street promote the false narrative of a strong recovery pushing up interest rates when another 745,000 people filed new unemployment claims last week? Rates are rising on inflation, not growth. People lose jobs, then the Federal Reserve prints money for the unemployed to spend."

-- Peter Schiff

Will Bitcoin Become A Viable Currency?

If Bitcoin ever becomes a viable currency instead of a trading vehicle, they can outlaw it. Governments don’t want to lose control; they like their monopoly.

Bitcoin & Digital Currency

I have never bought or sold a cryptocurrency. 

I obviously wish i'd bought Bitcoin. I have friends who are doing great in Bitcoin but I hasten to tell you that many cryptocurrencies have disappeared. There were hundreds of them and many of them have gone to zero. Bitcoin is not one of those obviously.

 I also want to to tell you that money is going to be on the computer. Nearly every country in the world including the United States is experimenting and studying how to put the currency on the computer.

They love it because first of all it's cheap you don't have to print the stuff, you don't have to transport it, you don't have to secure it but and more importantly it gives them complete control, governments will know everything you do.