JIM ROGERS says ‘PREPARE FOR FINANCIAL COLLAPSE’ – FIAT MONEY WILL STOP BEING PRINTED

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United States President Barack Obama and officials within the administration are beating the drums of war. How will this affect the markets, specifically commodities like gold and oil?
More than a decade after the wars in Afghanistan and Iraq were launched — not to mention the various strikes against Yemen, Pakistan and other countries initiated by President Barack Obama throughout his tenure as commander in chief — the United States is drumming the beats of war again, this time in Syria.
After it was alleged that the Syrian government, led by President Bashar al-Assad, launched a chemical attack against its own people, even though there are some suggestions that it was performed by al-Qaeda, the Western world, particularly the U.S., has been urging for an attack against the country, a growing prospect as Republican Senators John McCain and Lindsey Graham are backing up the president.
This has led to millions of Syrians to either prepare for a potential war or to flee the country. In the U.S. and other developed countries, meanwhile, investors are becoming concerned about the stock market as oil, gold and other commodities are inching upwards over fears of a U.S.-led attack against Damascus.
Jim Rogers and commodities
If an attack occurs then expect commodities to rise, according to legendary investors Jim Rogers and Marc Faber. Rogers, speaking in an interview with Reuters, suggested that oil and gold could go “much, much higher” because the U.S. is “desperate to have a war.”
“I own oil, I own gold, I own things like that and if there is going to be a war…they’re gonna go much, much higher,” said Rogers in the interview. “Stocks are gonna go down, some of the markets that I’m sure are already going down, commodities are gonna go up. I mean, yeah, some of the things I own all make a lot of money. It’s, I’m not particularly keen on war, I assure you, but it sounds like they want it.”
He went on to note that strange elements transpire in war and that there could be an array of unintended consequences that could hurt all involved parties. “But I do know that throughout history whenever you had war, things like food prices have gone up a lot, energy prices have gone up a lot, copper price, lead prices: you know, all of these things go up a lot whenever there’s been a war in the past.”
“jim rogers” investor singapore investment finance book “jim rogers book” global travel country markets commodity warning economy mainstream worry future bank banking printing money japan europe america uk u.s. “united states” currency forex debt collapse gold silver “gold bullion” “gold coin” “silver eagle” “silver bullion” cash trade trading “trading platform” stocks “stock market” recovery usd dollar asia thailand china “united kingdom” system 2013 spending “credit card” loan credit qe1 qe2 qe3 qe endless ben bernanke obama new world order illuminati ww3 world war 3 truth agenda inflation bubble bull bear market wealth wealthy billionaire millionaire wall street london interest rate indian rupee bigeyenews Another contributing factor to the price of gold is the Federal Reserve’s tapering of its quantitative easing measures. The latest economic news disappointed economists and suggests that the markets are unsure about the central bank’s bond-buying program. Akin to what David Stockman, former budget director under President Ronald Reagan, explained earlier this year, the stock market depends very much on the Fed’s stimulus efforts.
Speaking with Hard Assets Investor last week, Marc Faber, the editor and publisher of the Gloom Boom & Doom Report, projected the rising price of gold due to not just a potential war with Syria but also the rising debt levels and monetization policies performed by central banks worldwide.
“Looking at the fundamentals, looking at how debt will continue to increase and how central banks will continue their monetization not only in the U.S. but on a worldwide scale, I assume the price of gold will trend higher,” said Faber. “Most likely we’ve seen the lows below ,200.”
Much like other gold bugs and some financial experts, Faber correction. But in longer-term bull markets, these kinds of corrections do occur. We had a 40-50 percent correction in 1987 in equity markets. But the bull market lasted until the year 2000.”

On top of the issue with Syria, Washington will soon deal with another debt ceiling crisis next month. Treasury Secretary Jack Lew noted late last month that the U.S. federal government will be hitting the debt limit in mid-October.

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One thought on “JIM ROGERS says ‘PREPARE FOR FINANCIAL COLLAPSE’ – FIAT MONEY WILL STOP BEING PRINTED

  1. Jim, I like what You say. – But: People are made “slaves”. You do Your
    best, to educate, but they are slaves. Slavery is only possible, if the
    people ask always “others” what to do.
    Real People look in the sky and the see dark clouds – the take an Umbrella.
    Just in case.
    Jim, please – let idiots make their own experience – this is the only way –
    they will learn!

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