Markets: We Are Going To Have Problems Again

Latest Jim Rogers video interview from his home in Singapore.

Topics discussed:

• a new financial crisis
• Commodities
• Crypto currencies
• Agriculture

"We are going to have problems again, we have always had problems all over the world." - Jim Rogers

I Would Bet That Trump Will Be Reelected

I think it's very hard to dislodge a sitting president in America for many, many reasons. I would suspect that's the same to this time. Now, we got rid of Coolidge, and Hoover. We got rid of Hoover because the market collapsed but we don't have much time for that because the election is only, what, 13-14 months away now. 

If the market really collapses in the next 13 or 14 months, then I would change my view, but there are enough things he can do, which is why it's hard to get rid of sitting presidents. They'll prop things up long enough to get through the election. I would, if I were betting and I'm not a betting man, but if I were, I would bet that Trump will be reelected.

The Problem Is Brussels

It's not the European Union (EU), it's not the currency. It's those unelected, absurd bureaucrats who don't know what they're doing, but they tell you what to do, and you have to do it because you're a citizen. That's the problem!

Today's most interesting read: From Peter Schiff's blog, Capitalism Is Failing In Hollywood.

Equities: What To Buy?

It's hard for me to find places to buy now. I don't own any US stocks, they are near an all-time highs. If I buy anything, it's Russia. I'm buying a Russian stock as we speak. Nothing in China but I always looking in China. These markets are down. 

I prefer to buy low and sell high or trying to buy low and sell high. It's difficult for me to find anything. Venezuela is illegal for me. I'm an American citizen. I'd like to buy in Venezuela, but I don't want to go to jail. I'd rather be poor out of jail, than rich in jail so I'm not buying that. I cannot buy a North Korea, I would love to buy a North Korea but I'm a citizen of the land of the free. We're not very free in the land of the free so it's hard to find things for me these days. I've bought a few shares of Zimbabwe recently.

Why The American Economy Has Held Up So Well

So far the American economy has held up well because of a lot of money printing, a lot of government spending, cut taxes, everything possible to hold up the American economy. 

When things get bad in America as they will, Mr. Trump is not going to say, "It's my fault. I got it wrong." Donald Trump is going to say those evil Germans, those Koreans, those Canadians, and he's going to come back hard with more and more whatever you want to call it. The situation, we're going to have the worst bear market in my lifetime.

Gold: I Started Buying More This Summer

I started buying more gold this summer, because I could see what was happening. I still own plenty of gold and silver. I guess the fact that it doesn't yield much or anything doesn't bother anyone now. Bonds don't yield anything either. Most things don't yield anything these days.

Related trading instruments: SPDR Gold Trust ETF (GLD), iShares Silver Trust ETF (SLV), Market Vectors Gold Miners ETF (GDX)

Currencies: Singapore Dollar (SGD) Will Go Down Against The U.S. Dollar (USD)

The Singapore dollar (SGD), like all currencies, is going to go down against the US dollar (USD), because the US dollar (USD) is going to go much higher. 

Singapore doesn't like to talk about its debt but Singapore has debt, too. The IMF says that the Singapore debt is over 100 percent of Gross Domestic Product (GDP). There is serious debt here. 

Now Singapore would say yeah, but we got a lot of asset, too. They do. There's no question about that. Once interest rates start going higher, normally, your debts get worse and your assets don't get better so the Singapore dollar (SGD) is going to suffer too, but it's mainly because the US dollar (USD) is going to be so strong when people start looking for a safe haven.