저자: caroline Disney Cartoon · 외국인
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today I'm delighted to be here Elijah all right well I'd like to first discuss the coming crash that you see happening you've talked about how you see Western civilization is headed for a collapse and that governments will fail so did you want to start off by discussing what do you mean by this and what do you think the American government failing would really look like well let's go one step at a time what I said was the next economic problem is going to be work the worst in our lifetime we have had economic problems in the US every four to eight years since the beginning of the Republic so saying we're going to have another one it's not such a dramatic statement in fact it would be very bizarre if we did not have an economic collapse soon and I said the next one will be worse than anything in our lifetime because the debt is so much higher Alijah and in 2008 we had a big problem because of too much debt well the debt worldwide since then has gone through the roof at the Federal Reserve alone in the United States our debt is up over the balance sheet is up over 600 percent in nine years so you can see what kind of problems the world is facing I said that there would be governments failing yes and Iulia always are historically when there are big economic problems I cannot think of any economic setback large economic setback where governments haven't failed and countries will fail you may remember Iceland failed last time I mean they all came out of it but several Middle East sorry at least in an Central European countries failed they've had revivals and say the United States was going to fail but certainly uh we're going to have many problems worldwide and then who knows maybe United States government will fail so it's gonna be a bad one so who knows right and as for investors I mean one of the things you're talking about is that this would probably be the worst economic collapse in our lifetime because the debt is so large so what is your perspective on how investors can prepare for such a collapse well everybody should only do what they know about them set they shouldn't listen to me or somebody they listen to on the on the internet or on TV they should only pay attention to what they know if you start investing in things that you don't know but I sure you're going to have real problems when the when the situation goes bad so stay with what you know is the first answer some of the things I'm doing I'm investing in agriculture I've got some precious metals I'm not buying them now because I expect more problems in precious metals first I own a lot of US dollars because people when their problems they look for a safe haven and the US dollars still considered a safe haven by many people so but but stay with what you know just because I'm investing in agriculture does not mean you should if you don't know what a farm is if you don't like being out in the Sun don't think about investing in agriculture now what is your perspective on commodities especially it seems like when a crash happens a lot of people go towards safe haven assets such as gold and silver do you see that being the case this time around well I try to go to US dollars because the US dollar is considered a safe haven I own go but I expect goal to go down during this cat crisis first which point I hope I'm smart enough to buy a lot of gold before this is over gold is going to go much much much higher Alijah and people lose confidence in paper money and lose confidence in government historically they put money into gold and silver so yes but I'm not buy on it but I'm not buying at the moment hi you own u.s.
dollars at the moment right I mean with the crash of 2008 that's kind of what we saw to begin with gold and silver went down and initially and then they went much higher so that's kind of what you're seeing this time around as well that's what I expect yes but if it doesn't happen that way a lot giant cleaning up go to the door don't worry all right now one of the other things I'd like to discuss today is it seems like when a crisis occurs it seems like the government steps in and wants to save everyone you know and we end up sacrificing a lot of our Liberty for security so how in this crisis do you think the government's will try to take people's Liberty away and how can we try to prevent that you're right they always have they always say we're going to save you part of saving you is you have to give up something I didn't know if you remember but Benjamin Franklin said back in during the American Revolution that people who give up a Liberty for more security usually wind up with less Liberty and less security and that will certainly happen it happens with us as well you know back in the 2008-2009 problem it has all sorts of ridiculous laws to quote help us most of them made us worse off rather than better and they would do it again I mean eventually well let's go back in the 1930s as you know the outlaws the ownership of gold in the United States to just hate us and protect us they said unfortunate people believed it at the time or accepted it at the town next time around if not the immediate our future they will probably try to do something like outlaw the use of gold when you buy and sell they won't take it away from you this time I don't think but they might try to outlaw it they might say that we cannot use gold and silver through four transactions because they will want to make their own money a monopoly to protect themselves they say to protect us but it really should protect themselves so no it's going to be worse don't worry it'll be worse we may even have exchange controls in the United States next time the dollar starts going down dramatically I'm sure they'll reimpose exchange controls in the US all for our own good Elijah it's not for their good it's for our good don't worry you can believe them right exactly and what are some ways that we can maybe speak out against our Liberty being taken away well everybody should certainly have some money out of their own country as an insurance policy if nothing else everybody listening this probably has fire insurance or car insurance do you hope you never use your car insurance but you can have some money out of your own country as a as an insurance policy if nothing else I would suggest everybody own some precious metals as an insurance policy they well may well outlaw the use as I said that does not mean there won't be black markets are other ways you can perhaps using gold and silver throughout history people he referred to gold and silver when things go along and they will again government's always try to do what they can to restrict people but people somehow always come out on top in the end no as for investing in other countries I know you've talked a lot about how you see that Asia will be the next superpower going forward and you yourself have moved to Asia and also you've had your daughter's learn Mandarin can you tell us a little bit about how you came to the realization that China would be the big power in the 21st century well I'll party just by reading history and partly by visiting China the 19th century was the century of the UK the 20th century was the century of the u.s.
in my view the 21st century is going to be the century of China and there's not the party for you know they save and invest over 35% of their income they work from dawn to dusk many things going right in China there will certainly be setbacks in China as America rose to power and glory we had 15 depressions along the way with a D we had horrible Civil War we had very few human rights we had massacres industry we had many problems but we became the most successful country in the 20th century a China certainly will have problems I don't know what or when but everybody does you know China China is the only country in history that's had recurring periods of greatness Great Britain was great once Egypt was great once Rome was great once China's been great three or four times they've absolutely they've had absolute catastrophe and disaster three or four times too but for some reason every time they do after a few decades of centuries they have turned around and risen again they seem to be doing that again do you believe that people should start investing then more in Asia and China rather than the it's but I want to repeat people do not invest in anything and that they don't understand if you can't find China on a map please do not think about investing in China I see the China's on the rise even though I do expect their markets and bankruptcies went up you know problems in China going forward but I do have investments in China but please only invest in what you yourself know I don't think maybe people will dispute it but no and America was certainly the most significant country in the 20th century but now we're the largest debtor nation in the world that's a pretty simple fact not a good fact I don't like saying but America is the largest debtor nation in the history of the world and the debts are going higher and higher throughout history illogic countries have gotten themselves into this kind of situation have had problems I've had crises and and shiney crises they maybe maybe it's different this time maybe it's not going to happen in in the u.s.
I certainly hope not but I've rather know history you know how the world works has always worked definitely and you were talking a bit before about how people will rush into US dollars as a safe-haven at first and then rush into precious metals as they lose confidence in the government in the American government in the u.s.
dollar now what is your perspective do you see this being a worldwide crisis and wouldn't Asia and China also be hit as well with the coming crash or what is your perspective so a large at the United States which is the largest economy in the world has a problem everybody has a problem I assure you Japan in Europe Asia the whole world including China you will see bankruptcies in China this time around China even China has a lot of debt in 2017 2018 we say we did not have before for many historic reasons I mean nobody would lend money to Mao Zedong so you know Chinese haven't had much debt for the past two decades but now even China has yet so you're going to see bankruptcies there you're going to see bankruptcies everywhere it's not going to be fun all right well Jim Rogers thank you so much for joining us today before we let you go did you want to share with the viewers any last thoughts you had just be careful everybody should be careful because this is going to be a doozy sometime in the next couple of years leeward yet just I would suggested everybody become informed once they become knowledgeable they will probably get worried and once they get worried they will probably be prepared I hope so people are interested in reading one of your books or finding you online where can they go well my most recent book was called street smarts adventures on the road and in the market that certainly explains a lot of what's happening in the world on my my website is Jim Rogers comm wwm Rogers iconic but my books are more for me alright once again Jim Rogers thank you so much for your time today US dollars because the u.s.
dollars considered a safe haven I own go but I expect going to go down during this crisis first which point I hope I'm smart enough to buy a lot of gold before this is over gold is going to go much much much higher Alijah some people lose confidence in paper money and lose confidence in government historically they put money into gold and silver so yes but I'm not buy own it but I'm not buying at the moment hi you own u.s.
dollars at the moment right I mean with the crash of 2008 that's kind of what we saw to begin with gold and silver went down initially and then they went much higher so that's kind of what you're seeing this time around as well that's why the end country's failed they've had revivals and say the United States was going to fail but certainly yeah we're going to have many problems worldwide and and who knows maybe United States government will fail so it's gonna be a bad one so who knows right and as for investors I mean one of the things you're talking about is that this would probably be the worst economic collapse in our lifetime because the debt is so large so what is your perspective on how investors can prepare for such a collapse well everybody should only do what they know about themselves shouldn't listen to me or somebody they listen to on the on the internet or on TV or something they should only pay attention to what they know if you start investing in things that you don't know but I sure you're going to have real problems when the when the situation goes bad so stay with what you meant our lifetime because the debt is so much higher Alijah and in 2008 we had a big problem because too much debt well the debt worldwide since then has gone through the roof at the Federal Reserve alone in the United States our debt is up over the balance sheet is up over 600 percent in nine years so you can see what kind of problems the world is facing I said that there would be governments failing yes and nearly always are historically when there are big economic problems I cannot think of any economic setbacks large economic setback where governments haven't failed and countries will fail you may remember Iceland failed last time I mean they all came out of it but several Middle East sorry Middle Eastern and Central Europe today I'm delighted to be here Elijah all right well I'd like to first discuss the coming crash that you see happening you've talked about how you see Western civilization is headed for a collapse and that governments will fail so did you want to start off by discussing what do you mean by this and what do you think the American government failing would really look like well let's go one step at a time what I said was the next economic problem is going to be work the worst in our lifetime we have had economic problems in the US every four to eight years since the beginning of the Republic so saying we're going to have another one it's not such a dramatic statement in fact it would be very bizarre if we did not have an economic collapse soon and I said the next one will be worse than anything oh it's the first answer some of the things I'm doing I'm investing in agriculture I've got some precious metals I'm not buying them now because I expect more problems in precious metals first I own a lot of US dollars because people when their problems they look for a safe haven and the US dollars still considered a safe haven by many people so but but stay with what you know just because I'm investing in agriculture does not mean you should if you don't know what a farm is if you don't like being out in the Sun don't think about investing in agriculture now what is your perspective on commodities especially it seems like when a crash happens a lot of people go towards safe haven assets such as gold and silver do you see that being the case this time around well I said
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