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Jim Rogers: It's Going To Get Really "Bad After The Next Election" (VIDEO)

Jim Rogers: It's Going To Get Really "Bad After The Next Election" (VIDEO)

By Terry Weiss, Money Morning

In a riveting interview on CNBC, legendary investor Jim Rogers warned Americans to prepare for "Financial Armageddon," saying he fully expects the economy to implode after the U.S. election.

Rogers, who for years has been an outspoken critic of the Feds policies of "Quantitative Easing," says the world is "drowning in too much debt." He put the blame squarely on U.S. and European governments for abusing their "license to print money." In the U.S. alone, the national debt has surged to nearly $16 trillion, that's more than $50,000 for every American man, woman and child.

"[They] need to stop spending money they don't have," Rogers said. "The solution to too much debt is not more debt... What would make me very excited is if a few people [in the government] went bankrupt..." Rogers added.

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Read more: http://moneymorning.com/ob/jim-rogers-issues-dramatic-warning/



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The video was interesting, however, no interview with Rogers

The three experts were discussing the pyramid of unsustainable growth as to agriculture, energy and the environment. Solutions are available, however first there must be a recognition that a problem exists. In reality we have an almost unlimited supply of water, energy and agriculture but we are not doing what we need to to correct the pending problems, waiting until the problems become critical is inexcusable. Having this discussion in the campaign would be much more productive that what we have been hearing. Some of these issues are discussed from the environmental left, but nothing from the conservatives, they just act like the problem does not exist. Conservatives, based on the definition of the term, should own these issues.

I would be interested to know, if anyone here has any solutions to the problems discussed in this video?

He said that in 2008 too...

He said that in 2008 too...

The People's President
Ron Paul R[̲̅ə̲̅٨̲̅٥̲̅٦̲̅]ution 2012

yep...he's been right for a

yep...he's been right for a long time

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

Jim

This guy is great.

I bet even the stupid libtards are starting to listen to him. Perhaps they will figure out all the crap they have been told by their useless profs is all garbage.

donvino

I like Jim Rogers too, but

I like Jim Rogers too, but not the video associated with this link.

I feel like we are all being setup for a, "Economic 911," as the video makes reference to.

I'm quite the skeptic, so when I kept hearing...

"Unsustainable." "7 billion people." "World governments."

Blah, blah, and blah. Sounds exactly like the same crap students "learn," in college.

The, "Energy Crisis," is a complete scam. The world has so much natural gas, oil, and coal that companies don't know what to do with it in a free economy. But now all the government does is figure out ways to restrict companies from tapping into abundant energy resources.

Speaking of abundant energy resources, don't you think it's about time we all start seeing solar panel technology implemented in cars, our homes, and roof shingles? It's 2012, but you can't go to the Home Depot and buy a very simple solar panel kit because the oil companies own all the solar patents.

The supposed, "Energy Crisis," is completely manufactured...and they want to use it to eliminate billions of people from the planet.

"Global warming," didn't work for the globalists. Now they're trying to say we that the world does not have enough resources, which it utter nonsense. Tesla proved these globalists wrong a hundred years ago for Christ's sake.

WHAT THEY DON'T TALK ABOUT in this video is the growth of big government - which is funded by debt, and increased taxation.

We'd all be much more well off if the big, "world governments," just got the hell out of humanities way and stopped creating their own manufactured crisis for their own benefit.

Never be afraid to ask simple questions.

There are solutions to these problems,

I think the point they were trying to make is at the projected rate of usage there is a diminishing rate of return. Think of the hunter gatherer, sooner or later you run out of the low hanging fruit. Then the agriculture age kicked in and the hunter gather figured out how to plant more fruit trees and invented the ladder. They had some very valid points, the fossil fuel based economy is not sustainable, we are wasting our fresh water resources, and the huge factory farming agriculture system is also not sustainable. Its just better to find solutions now before a crises develops. One thing they did not mention are the solutions, here is just one possible solution.
http://www.dailypaul.com/169576/update-oil-from-cyanobacteria

solar is too expensive as a

solar is too expensive as a form of energy. The energy needed to produce solar panels is more expensive than the energy created.

The world isn't running out of oil, just cheap oil. The remaining oil is becoming harder and more expensive to obtain.

You can't just wake up one day and immediately transition to natural gas. It would take decades to build out the required infrastructure.

“Let it not be said that no one cared, that no one objected once it’s realized that our liberties and wealth are in jeopardy.”
― Ron Paul

if you build it yourself, it's inexpensive

If you build your own solar panels and wire everything yourself, you can build a rig that will support a typical family year-round for 20-25 years for under $10,000 one-time investment.

I don't see how that's "More expensive" than ANY alternative.

At their inceptions, the #Liberty, #OccupyWallStreet and #TeaParty movements all had the same basic goal... What happened?

very true

Generally, its the problem of storing the energy that is the toughest part of using solar. The panels themselves have become
quite affordable, even if you don't make them yourself

I'd rather have a bottle in front o' me than a frontal lobotomy
www.tattoosbypaul.com
www.bijoustudio-atx.com

capacitors are pretty inexpensive nowadays

between a few $50 capacitors and a series of $75 car batteries, you can store enough energy to power a home for a few days... if you're in the lower 1/2 of the US, this is enough to make you entirely energy self-sufficient. (total investment on this part is under $1000.) You may need to double that if you're further north... but again, this is enough for COMPLETE independence.

At their inceptions, the #Liberty, #OccupyWallStreet and #TeaParty movements all had the same basic goal... What happened?

Cyril's picture

BAM ! Amen !

Yeah, that's global hypocrisy.

"It's 2012, but you can't go to the Home Depot and buy a very simple solar panel kit because the oil companies own all the solar patents."

They DO know all ALL TOO WELL what kind of DAMAGES a free-market based economy would do to their establishment of GROSS INCOMPETENCE and total absence of innovation they have justified over decades with more regulations, bureaucrats, lobbyists, and corrupt greedy elders at the very top and young sharks right below.

SOCIOPATHS.

(No offense intended to all sharks swimming around in oceans.)

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Lack of innovation

is not the problem. The world, and especially the US, is 50-100 yeara ahead of whatever most citizens think. The innovation is there...out there...everywhere, but most will not see it because it is not meant for "us". Researching will find it for you.

Something else, for those whose heart is with the Liberty movement, but who hide it because they think they are in the "1%". Trust me, you're not....you're being used to achieve their end. I believe this includes most of those involved in government. It's time to get on the right side.. if you ever are.

Apparently You havent worked

Apparently You havent worked in the offshore oil industry because lack of innovation can't be used to describe the work out here. When Your talking about vessels that cost 450K a day to operate innovation isn't an issue because I assure You the technology is top notch. I personally take Your statement as a insult considering the fact that I work in offshore surveying and We are allways using new toys. I'd like to see You come out here and to set up a usbl system or configure a lbl array.

Cyril's picture

Apparently you take offense

Apparently you take offense a little too easily when confusing other people's points.

I wasn't pointing out about whatever is being done on the platforms by whoever. I do know the workers and engineers don't wait for politics and executives before deciding to innovate for themselves and for their daily job.

I was alluding to the corporate executive boards and their lobbyists in various administrations who rig the system and decide WHERE TO SPEND the billions of dollars they steal from a captive market, instead of letting a fair game play.

Granted: I have no clue about what happens on platforms, and I don't see where I claimed that the folks working there (in sometimes life-threatening situations, from what I heard) never innovates.

No hard feelings.

"Cyril" pronounced "see real". I code stuff.

http://Laissez-Faire.Me/Liberty

"To study and not think is a waste. To think and not study is dangerous." -- Confucius

Amen!

!