Euro Break Up, European Bonds

If the European Union starts breaking up or the Euro starts breaking up that's gonna throw a spanner and a lot of people's works. Nobody's really sort of planned on that. Most of the euro bonds, none of them,  very few of them have any provision for what happens if there is no Euro.  I mean, Italy owns several billion dollars worth of bonds. Suppose Italy pulls out of the Euro and they suddenly says, "okay we're gonna pay you back in Lira". Well that's that's gonna confuse a lot of people and caused a lot more turmoil.

Investing: Russia, China

I’d rather invest in Russia (Market Vector Russia ETF Trust (RSX)) than in Germany (DAX Index). I’d rather invest in Japan (Nikkei 225 Index) or China (Shanghai Composite Index) than in America (SPDR S&P 500 ETF Trust (SPY)). America is at an all-time high, and no other nation in the history of the world has ever been this in debt.

Trade War: Where Will China Strike Back

In a recent interview with RT.com, Jim Rogers shares his views about the impending trade war between the U.S. and China and where China should strike back:

“China’s a huge buyer of American agriculture, so of course that’s the obvious place to hit back because that hurts Mr. Trump the worst. It’s not Americans, it’s Trump. Trump and his guys, those are the ones they have to hit,”

A Trade War Would Cause A Catastrophic Bear Market

In a recent interview with RT.com, Jim Rogers explained that a trade war between the U.S. and China would cause a catastrophic bear market in stocks:

“The next bear market is going to be the worst in my lifetime, just because of the debt, but if we also have a trade war, it’s going to be worse than a disaster,”

Will Bitcoin Succeed? A Few Thoughts.

Regarding Bitcoin I repeat what I said about IBM and computers: the people who invent something don't necessarily become the ones who succeed. 

We do know that the world has a money problem. We do know that the Internet is changing everything we know. My children will probably never go to a bank when they're adults. My children will probably never go to a post office when they're adults. So the Internet is changing everything we know and it's going to change money.

If you go to China now most people don't have money. If they want to buy a cup of tea they put their phone on the spot. If they want to buy a car they put their phone on the spot. So the Internet is gonna change everything we know.

How it's going to evolve I don't know. I do know that governments do not like to lose control., governments want to control everything, the crypto people say, "yes, but we're smarter than the government" and they are. Everybody's smarter than the government but the government has more guns than everybody else so if the government wants to control money they will.

Tariffs Are Not Beneficial

Former U.S. Representative Ron Paul explains why tariffs are not beneficial.

Related stocks: 

• United States Steel Corporation (X) 
• Boeing Co (BA)

Video: Junk Bonds, Stock Market & Interest Rates

Michael Pento interviews Jim Rogers. They discussed the U.S. Economy, precious metals, interest rates and junk bonds.

Related trading instruments: 

• SPDR S&P 500 ETF Trust (SPY)
• SPDR Dow Jones Industrial Average ETF (DIA)
• SPDR Barclays Capital High Yield Bond ETF (JNK)
• SPDR Gold Trust ETF (GLD)