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Jim Rogers Video: If you aren't worried about 2013, "Get Worried"

http://youtu.be/3G57H-IVE84

Mr Rogers, who co-founded the Quantum Fund with George Soros, believes that America's central bank is secretly printing money to avoid "getting egg on their face again" after previous attempts to kickstart the faltering economy with $2 trillion of QE failed.

"I do not know if they [the Fed] will announce it," he told India's Economic Times. "I know they are going to print more money. They already are. If you look at their balance sheets, you will see that something is happening, assets are building on their balance sheets and they are not coming from the tooth fairy.

"They are a little bit embarrassed because they announced QE1 and QE2, and it did not work. So they may try to discuss it. They may just continue to do it without getting egg on their face again, but they are going to print money, they are all going to print money. It is the wrong thing to do, but that is all they know how to do."

He told the Daily Telegraph: "They probably have learned how to do things off balance sheet. I have nothing to confirm this but everyone else has learned how, so they probably have too. This is just a comment on human nature."

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Investing in the Kyat

Does anyone know how to invest in the myanmar currency? Does Jim basically mean exchange USD for the Kyat? It seems that right now you can get 800 kyat for 1 USD on the blackmarket. If the currency was to strengthen over the next couple of years it would make a decent return.

If that's the case, then how the hell do you own the Kyat? Do you have to fly to Burma, make a trip out of it, and import the currency? I know just recently the country open up it's borders to foreign investment. I would like to know if anyone is thinking about this, and also how much Kyat you could bring back into the states. Would you have to pay taxes on the currency? Looking forward to everyones reply...

PS, I am a firm believer in precious metals, so let's not get into a debate about how all fiat returns to zero. I am just looking for the short term as the dollar continues to weaken.

I have this belief that the

I have this belief that the rest of the world would wake up and back their currency with gold and silver if the U.S. doesn't wake up. So you can easily trade your gold and silver for their currency.

????

Never seen this guy before. I guess I feel like a moron now tho. He seems very intuative and insightful. One thing I did hear from a BIG investor buddy about our oil though is the fact that we want to remain untapped until the world runs out and then we can charge an arm and a leg.... thats how we pay off our debt. A bit conspiratorial I know but Ive heard crazier!

Video was pulled

Anyone care to re-upload this or find a new source? I can't view it.

Here it is

Thanks for posting.

Always interesting listening to Mr. Rogers views.

man that woman is irritating!

"Ok so now you have depressed me thouroughly..." Like this idiot woman didnt already know the $hit WILL hit the fan??? I cant stand watching her with little smirks acting so animated as she is asking questions.

Yes, the face making,

Yes, the face making, scowling and head flipping are over the top, looks like a bad audition.

Rodgers says "We have run out

Rodgers says "We have run out of known oil reserves"? What a load of crap, has he not heard of the Bakken Oil Field in North Dakota, Montana and Wyoming? It is the largest known oil field in the world, what a douche bag.

There is no Left or Right -- there is only freedom or tyranny. Everything else is an illusion, an obfuscation to keep you confused and silent as the world burns around you." - Philip Brennan

"Invest only in things that you can stand in front of and pr

I agree with you on oil.. we

I agree with you on oil.. we are swimming in oil. there is an oil reserve under the front range of Colorado (Denver) bigger then Saudi Arabia. BUT Rogers is not a douche bag. If I were you I would listen to everything else he says.

the stranger's picture

shale oil mirage

Reality knows that the shale oil is no game changer. A hundred years ago it took the equivalent of 1 barrel's worth of energy to get the equivalent of 100 barrels out of the ground. Shale oil ain't even close. It's like saying there's plenty of water for people and crops in the worlds oceans. Your opinion that the man is a douche bag may be based on your own ignorance. Like Roger’s said, the world uses 86, 87 million barrels a day, do the arithmetic. All in all, this was a useful interview.

adiabatic oil

Research adiabatic oil. This is not a theory, it's fact. Oil continues to be replentished by chemical reactions deep in the earth. We are not running out of oil.

the stranger's picture

adiabatic/abiotic

I have actually, a while back
http://www.bullnotbull.com/blog-archive/p85.htm
It's an interesting theory. Even if proven real, it appears to be on the geologic slow side regarding replenishment.

fireant's picture

...and today, one barrel of energy produces 3 barrels of oil,

which is factored in today's prices and has no bearing on how much is in the ground. There is an abundance of "lift-able" resources, esp when factoring in natural gas.

Undo what Wilson did

the stranger's picture

Twilight in the Desert

Nothing is properly factored in today's prices because prices are measured in dollars. Supply/demand may be visible but dollar value is obscure. And it has every bearing on how much is in the ground; take that number and divide by three for a start. Again, you have to do the arithmetic. I highly recommend Twilight in the Desert by Matt Simmons. It's dry but will walk through the numbers.

fireant's picture

Yea, I think Jim missed it on energy.

That doesn't qualify him for "douche bag" though; you can't argue with his billions.
But I believe the U.S. is poised to lead the re-bound once all the current negativity gets shaken out. We are way ahead of everyone else on the energy front, both in supply and infrastructure. All we lack is leadership.

Undo what Wilson did

Lead the re-bound?

You mean after the total economic collapse that will be blamed on the USA?

I suspect that it may take generations for the rest of the world to trust America's leadership again after the SHTF.

Our family's journey from the Rocket City to the Redoubt: www.suburbiatosimplicity.com

fireant's picture

I try to deal with the reality of what is known,

rather than get bogged down with what may or may not occur.
I do think there will be some sort of monetary re-set prior to any "collapse", but life will go on with new ratios of wealth regardless, and you can't argue with the facts presented in these charts. The U.S. is poised to lead the world in energy production and infrastructure.
My point is that true leadership would be focusing on such incredible opportunity to re-vitalize our economy rather than screwing up health care and the auto industry. The market will win in the end, however, and abundance of fuel will lead to a re-bound in manufacturing.
Charts: http://www.zerohedge.com/news/weekly-chartopia#comment-2778591
http://www.zerohedge.com/sites/default/files/images/user5/im...

Undo what Wilson did

and...

>All we lack is leadership.

And skilled workers. And factories. And a currency that isn't being devalued. And a level playing field for new businesses. and on and on... this country is NOTHING like it was in the late 40's.

SteveMT's picture

"Hummmmm" [old sound of printing presses]

"Click" [new sound of money creation]

"Cut taxes with a Chainsaw"...

Ha ha, this guy rocks!

Obedience to God is resistance to tyrants.

Spending...

Cut spending with a chainsaw.

hahah

hahah

bump

Thanks for posting.

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sometimes LL can suck & sometimes LL rocks!
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Love won! Deliverance from Tyranny is on the way! Col. 2:13-15

Thks for posting

I like Jim Rogers he tells it as it is, its just up to us to figure out the timing lol!

The globalists don't want to save the Euro...

they want to save the European Union. They want to force the productive nations into bankruptcy by supporting the deadbeat countries like Greece and Spain. As long as Germany remains strong enough to go it alone, there will always be the danger that they might decide to bolt.

It is the same strategy they are using to destroy the U.S. economy by forcing the productive citizens (and states) to support the welfare system, illegal immigrants, and liberal utopias like California.

When we are ALL brought to our knees financially, they plan on swooping in to pick up the pieces.

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The Virtual Conspiracy