Bitcoin: The World Has A Money Problem

We know the world has a money problem of various sorts. We know that everything has been changed by the computer  and will continue to be. So, yes the computer and the Internet are going to change money as we know it. If you go to China right now, people don't have money. It's astonishing the minute they buy a cup of coffee they put their phone on the thing and there's a cup of coffee paid for.

A Different Kind Of Diversification

Jim Rogers explains why you should have more than one passaport and more than one house to live in different countries. 

You're Going To See Bankruptcies In China

Even China has debt and you're going to see bankruptcies in China which is going to shock a lot of people including me and I know what's coming. (iShares FTSE/Xinhua China 25 Index ETF (FXI), iShares MSCI Emerging Markets Index ETF (EEM))

The Worst Financial Crisis In Our Lifetimes

We're going to have the worst financial crisis in our lifetimes because of the debt. There is no question that the debts are now staggering. We've never seen the likes in the world and in Japan they have zero interest rates, negative real interest  rates so if interest rates ever go up to 2%, it totally destroys Japan.

Related trading instruments: iShares MSCI Japan ETF(EWJ), Nikkei 225 Index

Gigantic Trauma Is Coming In The Debt Markets

There is no question that gigantic trauma is coming in the debt markets and many debts are going to be wiped out whether it's by bankruptcy or military action or who knows what, there's no question about it.