Covid 19: Politicians Have Overreacted

 

Highlights from the interview:

"Being a young person in America right now is not a good thing to be."

"In 2009 we had the H1N1 virus in America well they didn't close McDonald's (MCD) they didn't close the airports this time for whatever reason politicians seem to have overreacted."

Jim Rogers: Where I'm Investing Right Now

Anything that I'm buying and I have bought a couple of things... I'm buying one because they're so beaten down that no matter what happens I don't think they're gonna go down much more.

I'm gonna give you an example.I'm not buying Venezuela, I cannot buy Venezuela because I'm an American and it's sanctioned so Americans cannot buy assets in Venezuela. But someone who is able to buy Venezuela could probably buy Venezuela now because no matter how bad things get Venezuela is not going to go down very much and it may if any and it may start reviving.

So there are things like that. Now again, I'm not buying Venezuela, I would like to but I cannot but I'm trying to find things like that. Stocks, companies that are in that kind of situation and i have bought a couple of those recently.

Investing: Russian Bonds

I'm not here to give hot tips but one might look at Russian ruble bonds again. They do have high yields and it's not a credit risk. Russia is not going bankrupt whatever happens.

People Think Investing Is Easy. It's Not!

This is 2020 who wants to wait till next week to get rich? We want to get rich this week! We want a hot tip that's gonna make us rich very, very quickly so that we don't have to think about it and that's part of the problem. Everybody thinks this is easy.

COVID 19: Politicians Are Making Huge Mistakes

Jim Rogers comments on the money printing mistakes being done from Central Banks and governments all over the world.

Bitcoin Is Headed To Zero

Virtual currencies beyond the influence of the government will not be allowed to survive—and said the bitcoin price is headed to zero. If the cryptocurrency succeeds as real money, rather than the subject of gambling as it is today, the government will make the cryptocurrency illegal and eliminate it. 

The government likes electronic money. Because with electronic money, you can track when, where, who spent what amount. Governments will have more control over people through electronic money. The government wants to know everything. Controllable electronic money will survive, and virtual currencies beyond the influence of the government will be erased.

The Markets Will Continue Fairly Strong

I would suspect the markets will continue to be fairly strong but the US stock market just made its all-time high because there's so much money being printed and there's so much money being spent and it's gotta go somewhere. But it is going to end, I assure you.