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JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008

 
MARTIAL LAW
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11/09/2011 11:36 AM
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JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Not really shocking to us here at GLP, but:

100% Chance of Crisis, Worse Than 2008: Jim Rogers

The world is definitely going to face another financial crisis stemming from problems in Europe, Jim Rogers said Wednesday.

"We're certainly going to have more crises coming out of Europe and America; the world is in trouble. The world has been spending staggering amounts of money that it doesn't have for a few decades now, and it's all coming home to roost," Rogers, CEO and chairman Rogers Holdings told CNBC.

He added that the crisis would be much worse than the one markets saw in 2008 because the debt is much higher now.

[link to www.cnbc.com]

Last Edited by MARTIAL LAW on 11/09/2011 11:37 AM
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
DetonatedGimp
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11/09/2011 11:38 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
We can only hope.
N34444

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11/09/2011 11:38 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
While I agree 100%, I can't understand why it'd be news.

I understand it IS news, but it's not news to me.

5 stars.
Assets feed you, liabilities eat you.
MARTIAL LAW (OP)

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11/09/2011 11:39 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
While I agree 100%, I can't understand why it'd be news.

I understand it IS news, but it's not news to me.

5 stars.
 Quoting: N34444


exactly...that's why I said it's not a shocker to us here...I only posted it because it's a MSM source and it's rare to see truth rather than pure propaganda. thanks for the stars!
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
Nickadeemus

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11/09/2011 11:41 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
5* What's important about this is that the MSM is being allowed to trickle information. It helps rating's of course, but those who chose to act responsibly will get responsible results, and those who do not will simply be eliminated from the gene pool. One way or another this is going down. In short for those who are slow on the uptake, what's news about this, is that MSM is finally not blacking it out.

PIN Suggestion Mods.

Nick®

Last Edited by Nickadeemus on 11/09/2011 11:44 AM
Pure Life; Get it on...
Anonymous Coward
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11/09/2011 11:45 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Did you guys look at the comments? These people really have their heads in the sand.
Punk-A$$ets

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11/09/2011 11:47 AM

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
I still think they'll try to use massive QE to push this thing into the future. It is def inevitable though. I agree there.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
MARTIAL LAW (OP)

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11/09/2011 11:47 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Did you guys look at the comments? These people really have their heads in the sand.
 Quoting: Anonymous Coward 1013803


chuckle

CNBCtards...surprise, surprise.
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
Nickadeemus

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11/09/2011 11:48 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Did you guys look at the comments? These people really have their heads in the sand.
 Quoting: Anonymous Coward 1013803



Agreed but at least they're admitting we're smoked.
Nick®
Pure Life; Get it on...
Punk-A$$ets

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11/09/2011 11:48 AM

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Did you guys look at the comments? These people really have their heads in the sand.
 Quoting: Anonymous Coward 1013803


Rogers will run circles around those guys. Those guys are perma bulls.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Nickadeemus

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11/09/2011 11:49 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Sure is a nice shiny pin Martial. Congrats bro!
cheers
Nick®

Last Edited by Nickadeemus on 11/09/2011 11:49 AM
Pure Life; Get it on...
Anonymous Coward
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11/09/2011 11:51 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
We're the 99% fucked'up mowrawns.

cheer
Moose Knuckles

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11/09/2011 11:52 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Did you guys look at the comments? These people really have their heads in the sand.
 Quoting: Anonymous Coward 1013803


That's the biggest problem now, most people have their heads buried in the sand whether it's by ignorance or choice. The ignorant ones are in for a rude awakening. The ones by choice are waiting for this to pass...well it's not.
Now that's what I call a sammich!
MARTIAL LAW (OP)

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11/09/2011 11:52 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
I still think they'll try to use massive QE to push this thing into the future. It is def inevitable though. I agree there.
 Quoting: Punk-A$$ets


yep...it will be multiple stages of chaos/crashes IMO. The coming crash will dwarf 2008...the FED printing will also dwarf the previous printing...the side effects will also dwarf 08 and so on...also I think it will work less and less time.

We then get another crash in say late 2013 or 2014 or so that in-turn dwarfs the coming one...

At some point it DOES end of course...probably in all out war.

The future is unpredictable from day to day...so it's impossible to know the long term. All I can say is...I never imagined 3 years ago, we would be where we are now. Just take the blows as they come and enjoy the ride the best you can!
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
Anonymous Coward
User ID: 1315838
United States
11/09/2011 11:52 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
5* What's important about this is that the MSM is being allowed to trickle information. It helps rating's of course, but those who chose to act responsibly will get responsible results, and those who do not will simply be eliminated from the gene pool. One way or another this is going down. In short for those who are slow on the uptake, what's news about this, is that MSM is finally not blacking it out.

PIN Suggestion Mods.

Nick®
 Quoting: Nickadeemus


I think it is going to be the way it is now. (the spendthrifts and the overleveraged are the ones that will be rewarded as they are now)

The MSM complex are all paper pushers that make money off of the velocity of paper. They always interview bankers, hedge fund managers and financial types that promote paper equities. When they have someone on like Peter Schiff they try and discredit his opinion to keep their paper train alive.

Problem with all this cheerleading for paper by the MSM is that, when people lose their money from trusting these shills (over the years) they (the masses) are going to break out the torches and pitchforks on them (the MSM hosts and messengers)
MARTIAL LAW (OP)

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11/09/2011 11:53 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Sure is a nice shiny pin Martial. Congrats bro!
cheers
Nick®
 Quoting: Nickadeemus


dasbier
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!
Anonymous Coward
User ID: 4812019
United States
11/09/2011 11:54 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Did you guys look at the comments? These people really have their heads in the sand.
 Quoting: Anonymous Coward 1013803


That is what will make the collapse so fun. The look on their ignorant faces when it all comes down.... PRICELESS coffee4

I'm getting all doomy again.
Punk-A$$ets

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11/09/2011 11:56 AM

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
I still think they'll try to use massive QE to push this thing into the future. It is def inevitable though. I agree there.
 Quoting: Punk-A$$ets


yep...it will be multiple stages of chaos/crashes IMO. The coming crash will dwarf 2008...the FED printing will also dwarf the previous printing...the side effects will also dwarf 08 and so on...also I think it will work less and less time.

We then get another crash in say late 2013 or 2014 or so that in-turn dwarfs the coming one...

At some point it DOES end of course...probably in all out war.

The future is unpredictable from day to day...so it's impossible to know the long term. All I can say is...I never imagined 3 years ago, we would be where we are now. Just take the blows as they come and enjoy the ride the best you can!
 Quoting: MARTIAL LAW


I recommend each person try to wring as much money as possible from the mini booms created by the bouts of QE.
Gold Prices:

12/31/2000 - $273
12/31/2005 – $516
12/31/2010 - $1,421
12/31/2011 - $1,566
12/31/2012 - $1,676
12/31/2013 - $1,204

Looking for $900/$1100 for gold to bottom. $14-$16 for silver.
Mr. Toppit

User ID: 4452166
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11/09/2011 11:57 AM

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Let see... the repayment of the enormous overwhelming unquantifiable

DEBT will be when? Like the first of never never.

sheeplebah
Anonymous Coward
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11/09/2011 11:57 AM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Thanks Martial.

Jim is my economic guru!

And I love how clearly you lay out your OP. Easy to read. hf
Generation Doom

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11/09/2011 11:58 AM

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Anonymous Coward
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11/09/2011 12:00 PM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
cue the other half million parrots now to gradually make their way to the GLP thought graveyard and repeat this to ad nauseum.
Nickadeemus

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11/09/2011 12:01 PM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
5* What's important about this is that the MSM is being allowed to trickle information. It helps rating's of course, but those who chose to act responsibly will get responsible results, and those who do not will simply be eliminated from the gene pool. One way or another this is going down. In short for those who are slow on the uptake, what's news about this, is that MSM is finally not blacking it out.

PIN Suggestion Mods.

Nick®
 Quoting: Nickadeemus


I think it is going to be the way it is now. (the spendthrifts and the overleveraged are the ones that will be rewarded as they are now)

The MSM complex are all paper pushers that make money off of the velocity of paper. They always interview bankers, hedge fund managers and financial types that promote paper equities. When they have someone on like Peter Schiff they try and discredit his opinion to keep their paper train alive.

Problem with all this cheerleading for paper by the MSM is that, when people lose their money from trusting these shills (over the years) they (the masses) are going to break out the torches and pitchforks on them (the MSM hosts and messengers)
 Quoting: Anonymous Coward 1315838


That is most likely going to happen anyway as a byproduct of shillhood served by the minion class of the PTB. When the masses are pissed off enough by the foisted debt slavery under which they are just now beginning to serve, nothing "elite" will be left standing.

It was the best of times, it was the worst of times. Great Expectations-Dickens

Nick®

Last Edited by Nickadeemus on 11/09/2011 12:01 PM
Pure Life; Get it on...
Anonymous Coward
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11/09/2011 12:02 PM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Oh hell yea...........doom on!!!!!!

5a5a5a5a
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11/09/2011 12:02 PM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
the massive debt is the part the public just doesn't understand. they get their free or earned check and spend it and think everything is fine. on the local news, believe it or not, they're talking $4.50 gas by early next summer. add in the higher prices for food and we'll see a real slow down in the economy next year.
Scubadiverbambi1
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11/09/2011 12:02 PM

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
5* What's important about this is that the MSM is being allowed to trickle information. It helps rating's of course, but those who chose to act responsibly will get responsible results, and those who do not will simply be eliminated from the gene pool. One way or another this is going down. In short for those who are slow on the uptake, what's news about this, is that MSM is finally not blacking it out.

PIN Suggestion Mods.

Nick®
 Quoting: Nickadeemus


I think it is going to be the way it is now. (the spendthrifts and the overleveraged are the ones that will be rewarded as they are now)

The MSM complex are all paper pushers that make money off of the velocity of paper. They always interview bankers, hedge fund managers and financial types that promote paper equities. When they have someone on like Peter Schiff they try and discredit his opinion to keep their paper train alive.

Problem with all this cheerleading for paper by the MSM is that, when people lose their money from trusting these shills (over the years) they (the masses) are going to break out the torches and pitchforks on them (the MSM hosts and messengers)
 Quoting: Anonymous Coward 1315838


I have to disagree.
yoda

Last Edited by ReefRaider on 11/09/2011 12:13 PM
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Nickadeemus

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
While I agree 100%, I can't understand why it'd be news.

I understand it IS news, but it's not news to me.

5 stars.
 Quoting: N34444


I'm upping it to 107% chance of crisis.
 Quoting: WalkersEverywhere


chuckle
Nick®
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Anonymous Coward
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
cue the other half million parrots now to gradually make their way to the GLP thought graveyard and repeat this to ad nauseum.
 Quoting: Anonymous Coward 4761650


Says the ignorant investor.
Second Best

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11/09/2011 12:02 PM

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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
Who cares? What are we to do about it really?
peace
Long live the Legit Republic of Blanketsburgh
Anonymous Coward
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11/09/2011 12:03 PM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
I still think they'll try to use massive QE to push this thing into the future. It is def inevitable though. I agree there.
 Quoting: Punk-A$$ets


punk-a$$

I agree, But I think the QE is going on now, by supporting the markets and bonds. People will ignore the dreaded QE word until someone puts it in print or says exactly "we are going to QE tomorrow"
The battle right now is to keep everyone in paper financial instruments supressing PM's, trying to keep the paper equities level and the stock market elevated.
I think people are underestimating the Gold/silver wars going on right now.
Someone is supplying hard metals to the market from a private stash. (Rotchilds)to help suppress the price.
MARTIAL LAW (OP)

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11/09/2011 12:04 PM
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Re: JIM ROGERS On CNBC: 100% Chance of Crisis, Worse Than 2008
I still think they'll try to use massive QE to push this thing into the future. It is def inevitable though. I agree there.
 Quoting: Punk-A$$ets


yep...it will be multiple stages of chaos/crashes IMO. The coming crash will dwarf 2008...the FED printing will also dwarf the previous printing...the side effects will also dwarf 08 and so on...also I think it will work less and less time.

We then get another crash in say late 2013 or 2014 or so that in-turn dwarfs the coming one...

At some point it DOES end of course...probably in all out war.

The future is unpredictable from day to day...so it's impossible to know the long term. All I can say is...I never imagined 3 years ago, we would be where we are now. Just take the blows as they come and enjoy the ride the best you can!
 Quoting: MARTIAL LAW


I recommend each person try to wring as much money as possible from the mini booms created by the bouts of QE.
 Quoting: Punk-A$$ets


Between more QEing and the PM paper market going bust...gold/silver will no doubt explode.

Here is a recent interview from John Embry at Kingsworldnews:

"The real price of silver is in the physical market. This paper market is a complete and utter sham and when the paper market it broken, and I think we’re close to that happening, silver will double overnight into the $60 to $70 area and that could happen within months.”

[link to kingworldnews.com]

seal
:martiallaw4:

“The bravest are surely those who have the clearest vision of what is before them, glory and danger alike, and yet notwithstanding, go out to meet it.”

Isaiah 43:2
When you pass through the waters, I will be with you; and when you pass through the rivers, they will not sweep over you. When you walk through the fire, you will not be burned; the flames will not set you ablaze.

Ecclesiastes 12:14
For God shall bring every work into judgment, with every secret thing, whether it be good, or whether it be evil. ~9/11 Was An Inside Job!

News