“The Market Knows It’s Over” Jim Rogers Warns “We’re All Going To Suffer”

Submitted by Mac Slavo via SHTFPlan.com,

Back in the 1970’s as recession gripped the world for a decade, stocks stagnated and commodities crashed, investor Jim Rogers made a fortune. His understanding of markets, capital flows and timing is legendary.

As crisis struck in late 2008, he did it again, often recommending gold and silver to those looking for wealth preservation strategies – move that would have paid of multi-fold when precious metals hit all time highs in 2011. He warned that the crash would lead to massive job losses, dependence on government bailouts, and unprecedented central bank printing on a global scale.

Now, Rogers says that investors around the world are realizing that the jig is up. Stocks are over bloated and central banks will have little choice but to take action again. But this time, says Rogers in his latest interview with CrushTheStreet.com, there will be no stopping it and people all over the world are going to feel the pain, including in China and the United States.

We’re all going to suffer… I can think of very few places that won’t suffer. But most people are going to suffer the next time around.

 

 

Central banks will panic. They will do whatever they can to save the markets.

 

It’s artificial… it won’t work… there comes a time when no matter how much money you have, the market has more money.

 

 

I don’t know if they’ll even call it QE (Quantitative Easing) in the future… who knows what they’ll call it to disguise it… they’re going to try whatever they can… printing more money or lowering interest rates or buying more assets… but unfortunately, no matter how much P.R. or whitewashing they use, the market knows this is over and we’re not going to play this game anymore.

The entire world is about to get hammered and the average person on the street is the one who will pay the price, as is usually the case.

We can expect more losses in markets, more losses in jobs and more losses to freedom as governments and central banks point the finger at everyone but themselves.


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SpecOpsAlpha
SpecOpsAlpha

Interest rates have been declining generally for almost 35 years. A 10 year US Treasury bond now pays less than 2%. This tells me that indeed the game is about over. 35 years of a debt fueled bubble is coming to an end.

comment image

We may be on the verge of a Great Depression of the 21st century.

flash

comment from ZH article..

I’m going to keep reposting this from Cougar_w in 2012 until you can all recite it from memory:

These fuckers are going to print hard enough to wake the dead. They’ll print like mo’fos, print like mad men, print like fly pimps. Print until their eyes bleed.

They will print via the swaps, via bank bailouts and mergers, via fixed Treasury yields, via real honest-to-God negative interest rates, via loans to banks on no collateral, via payroll tax reductions, and in the end via actual fiat paper instruments which they might very well drop in bails from actual mutherfucking helicopters.

They will not give two figs what anyone thinks.

Here is why.

Because this is the Goddamned end of it my friend. There is no accounting beyond this point. There will be no history of it. No one to take notes of rates of exchange, or of the graft and violence, nobody to worry about the deficit or the GDP or the national debt of any nation large or small under the blazing Goddamned sun.

End. Of. It. Does anyone bitch about how Rome totally debased their coinage at the end? Hell no. But whoever did it had enough to hand and grabbed some land with a nice vineyard and sat back and waited for the Middle Ages to start 700 years further on.

And that’s what a singularity is about. Anything that passes through is striped of all meaning. Nothing we think is important now will remain so beyond the event horizon. Nobody will remember, nobody will write about it, nobody will be held to any standard. Ever for evar.

So yeah, they’ll print like the mad crazed terrorists they are. Because they have nothing to lose, and maybe something to gain. Maybe a dollar. Maybe a day. Maybe a slim chance to escape with some of the loot. Whatever the fuck advantage they see in it, for themselves and their elite crap wanking buddies, they will full-on-full-time-fucking do it to advantage.

Watch for it, Dawg. It’s totally on this time, on like Donkey Kong. And when the dust is settled in a generation hence it’s going to have become another unbelievable episode among the ages of men.

polecat
polecat

Yeah Jim, we’re all gonna suffer, and all animals are equal, however,………..some animals are more equal than others………that means YOU…….and a host of parasitic others!

polecat
polecat

and while I’m at it, ditch the bow tie….you ain’t foolin me!

KaD
KaD
Suzanna
Suzanna

I am thinking Jim Rogers will not be suffering…

what does suffering mean?…I think it means

starvation. Pine needle tea, here we come.

Suzanna
Suzanna

Hey Flash,

WRSA has the ZH comment…did you contribute that?

flash
flash

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