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Keith it's not just our Central Bank we have the Japanese Central Bank which says we will print unlimited amounts of money the the Europeans the British they're all doing it the world has never had a a period where every major Central B what is Jim Rogers doing with his money today today well I'm buying one share today in Russia uh but m still buying Russia well only one compan there's one company I'm a director of it's been the best one of the best stocks in the in the world in the last year I'm shocked I'm shocked so I'm buying more even today it's called f Agro before you ask but but remember I've been buying it for a long time uh but mainly I'm watching I'm watching I'm doing nothing what I suspect will happen is somewhere along the line they'll raise interest rates markets will go down they'll call Mrs Yellen and say oh my God you've got to save us the world is coming to an end she doesn't know what she's doing she will say don't worry I will save you she will do something who knows what the markets will rally and that's the last this that's the last R this is the this is the main point that I am concerning myself with what happens if she goes doish on Thursday which markets are predicting that she will and the market just doesn't go up anymore right well that in other words she doesn't raise rates but the market I think if she doesn't raise rates the market sells off because people are going to come to this realization that the economy is a lot worse off this this actually happening in the market right now we 30-day correlation between the S&P 500 and the dollar is now positive in other words if the dollar goes down the S&P 500's going down cuz people are coming to realize I think that a bad like a weak dollar is bad for the people who hold dollars and and at the the end of the day that's an economic problem the market will go if you're right the market will go down because they'll say well then rates are going up in December then we're all still sitting here worrying about when will rates go up we know they're going up someday and so the markets will keep woring well Jim when you keep saying the markets will go down you're referencing the US Equity Market I assume but you have forever that I've known you been bullish in the Commodities Market um are you a buyer of gold oil here no no no not a buyer of gold I expect there be a better chance to buy go I'm having about gold long time a better chance to buy gold and silver if gold goes under a th000 I hope I'm smart enough to buy a lot of gold a lot of under a thousand we're at 11:04 right now but what about the entire commodes complex I think SRA makes a good point what do you think the commod collapse I'm still bullish on that the company I just mentioned you is a fertilizer company so you still like still like Farmers what about things like copper you get a tractor TR in the Mercedes and get a tractor oh my gosh I should have known you wrot a Mercedes I don't have a Mercedes tractor well you traveled the world in a little Mercedes Look Who's Talking Lamborghini started out making tractors believe it or not and you like agriculture but what about things like copper iron or the industrial no iron or the iron or companies all built so much capacity no no I'm not buying iron or but under no circumstances but gold silver under a th000 I buy gold gold oil is making a bottom as we speak whether it goes a little lower or not I don't know in a panic it'll go lower but boil is making it if this ends in central planning Panic if they're all wrong they don't have economic demand or growth isn't that just the main problem with the industrial side of commodities for now Keith we haven't had an economic slowdown for over six years in the world we're overdue as you know every four to seven years we have them no matter what it's coming whether it comes next year or 2017 I don't know but I know it's coming and the next time it comes it's going to be a disaster because the debt is so so so much higher the problem so why would you want the Federal Reserve to raise interest rates at a time that the US is growing but all of the trading partners are seeing massive problems Maria it doesn't matter eventually the Market's going to raise interest rates and that's when the disasters work when the central banks have no more control and they're sitting there blowing into the wind and the market says we don't care about you Central Bank I that's happen that's going to be the real disaster it's going to be an unmitigated and and you know in 2008 the Chinese had a lot of money saved up us so they could spend a lot of money to help save us they've got debt to themselves now the debt that's gone up in China and I own a lot of stocks in China but the debt that's gone up there is horrendous that's going to be a big problem next time give us
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