JIM ROGERS on 2016 & Global Economy – Says Get Prepared, Be Worried, Things Will Get Worse
We are now paying for the excesses of the past and everything is going to go down more than it should, says Jim Rogers, US investor and author. Meanwhile, China may play a key role in the showdown between Saudi Arabia and Iran, he added.
This week, crude fell to its lowest level in more than 11 years, while Iranian outrage over Saudi Arabia’s execution of a prominent Shiite cleric spells doom for any possible production cap deal that would have reversed the negative trend in oil prices.
RELATED : James Wesley Rawles : The Economic Collapse Will Bring Starvation And Most Will Not Survive
Businessman Jim Rogers sees the steep downward trend in oil prices as reflective of severe financial problems in the global economy that began almost a decade ago with the US financial crisis.
“We’re going to pay for the prices of the excesses of the past 8 or 10 years and everything is going to go down more than it should. Whenever you have something go down, it usually overshoots to the down side; just like when things go up they go up too much,” Rogers told How low can oil prices go?
The American investor warned that any panic in the market could drive oil prices down to new low records. “Some people are saying 20 dollars [a barrel]; I don’t know; that’s not my prediction. I’m just saying ‘be prepared’ if things will go – at least for a short time – lower than anybody could conceive.”
Without providing any definite time frame, Rogers said oil prices will go “much, much higher sometime later, especially in the event of war, in which case they would go up very high – soon.”
The outbreak of war notwithstanding, oil prices can be expected to jump in the future because, as Rogers explains it, “drilling is drying up.” It’s simply becoming too expensive as oil prices plummet for many companies to stay in business.
“They are definitely going to go up in the next few years because supply is going to dry up. Drilling is drying up; everything is drying up, and so you’re going to have much higher oil prices in the future.”
Rogers went on to explain that China – which depends on oil to keep the wheels of its massive economy churning out exports – is watching the developments between Saudi Arabia and Iran with great interest.
Would you be able to sustain your loved ones when all hell brakes loose?In this video, I will unearth a long-forgotten secret that helped our ancestors survive famines, wars, economic crises, diseases, droughts, and anything else life threw at them… a secret that will help you do the same for your loved ones when America crumbles into the ground.I’m also going to share with you three old lessons that will ensure your children will be well fed when others are rummaging through garbage bins. Click here to learn all about the 3 skills that will help you thrive in any crises situation.
“If Iran and Saudi Arabia start a war, that’s going to be very bad for everybody and China needs a lot of oil. So of course China has a connection and wants to do something about it to keep things calm so they can continue to get oil.” “China certainly does not want a war to erupt between Iran and Saudi Arabia, and China is seen as much more neutral than anybody else. America is not neutral; the Europeans are not seen as neutral…” “I certainly would like to short more junk U.S. bonds and I’m looking for opportunities,” he said. “I’m not shorting Treasurys, I’m shorting junk, maybe I should be shorting everything but I’m shorting junk because the spreads got so narrow for a while that if there’s going to be problems they’re going to show up first in the junk bond market, later on we should probably short all bonds,” he said Gold Bounces On Return Of Stock Market Volatility.
Gold is a safe haven asset investors turn to during times of market turmoil Leaving aside this technical change, the SDR has been dominated by the “Big Four” (US, UK, Japan, and Europe) since the IMF abandoned the gold SDR in 1973. This is why inclusion of the Chinese yuan is so momentous.
RELATED : The Greenhouse Of The Future – No Extra Heating Needed
Video : Elite NWO Agenda
Take Steps NOW To Survive The Collapse
The necessary steps every thinking person ought to take in order to survive the global economic crisis.
Word of the day: Prepare! And do it the old fashion way, like our fore-fathers did it and succeed long before us, because what lies ahead of us will require all the help we can get. Watch this video and learn the 3 skills that ensured our ancestors survival in hard times of famine and war.
Other useful resources:
The Lost Ways (Learn the long forgotten secrets that helped our forefathers survive famines,wars,economic crisis and anything else life threw at them)
Survive Attack to Our Power Grid System (Weapon That Can Instantly End Modern Life in America)
Survival MD (Best Post Collapse First Aid Survival Guide Ever)
Backyard Innovator (A Self Sustaining Source Of Fresh Meat,Vegetables And Clean Drinking Water)
Blackout USA (EMP survival and preparedness)
Conquering the coming collapse (Financial advice and preparedness )
Liberty Generator (Build and make your own energy source)
Backyard Liberty (Easy and cheap DIY Aquaponic system to grow your organic and living food bank)
Bullet Proof Home (A Prepper’s Guide in Safeguarding a Home )
Family Self Defense (Best Self Defense Strategies For You And Your Family)
Survive Any Crisis (Best Items To Hoard For A Long Term Crisis)
Survive The End Days (Biggest Cover Up Of Our President)
Drought USA (Discover The Amazing Device That Turns Air Into Water)