Jim Rogers

He thinks it's not just the US empire, but it's the whole West, because the West has been in charge for like 500 years.

and what comes after that or during this uh period and there's also the fourth turning which we're in right now it's going to be very turbulent there will be a time when things uh calm down and and then we're in a new new world as a new different world and i don't know how that's going to be but the way i see it is Jim Rogers has spoken about that, that he thinks the 21st century will be the 21st century where China is going to come back.

So that's how I see it as well.

And I don't take sides.

So I think that's where natural resources, gold and silver and hard assets come in, commodities, because it won't be... yeah u.s won't be able to just print the dollars and buy whatever they want everyone's going to have to earn their way in the world who have to like and commodities are going to become more valuable in relative terms i think

uh so yeah you first of all want to go back and uh yeah when i uh heard i think i spoke with tom luongo i think six months ago he was telling me about just maybe you know Russia China and the U.S is like you know the three big head monsters just you used the phrase calming down like I think he used the word coexist uh but it's more of uh these are the big players that essentially work together, but basically have a tremendous amount of influence.

You talked about, you and Jim Rogers were talking about China kind of moving things towards China and away from the West in terms of power and flow.

But if you can talk about if that involves currency, And Jim Rickards likes to talk about currency war.

But again, this is what we have to look at.

I heard Jim Rogers say essentially this.

I'll talk about it in one second.

It only exists when the underlying asset retains its value.

Do you think gold and silver, do they still retain their value? Heck yes! An ounce of silver today is an ounce of silver like it was five weeks ago, five years ago, 5,000 years ago.

And can the investor survive the path, meaning the emotions involved? If you believe long-term like I do, I believe a lot of you do as well, that you do believe long-term, right? There's going to be, while we believe in the long-term, in the short-term, there's going to be some very challenging emotional times like we're experiencing today, okay? But that's where all the money is made.

Jim Rogers said that.

I heard him say that.

Do you know who he was protege to? I mean, and it's probably someone you've interviewed, I would think.

He was protege to Jim Rogers, one of the best commodity traders of all time.

So he understands it very well.

Absolutely.

Really excited today to have joining me in the second segment of today's program.

An investor that really needs no introduction, Mr. Jim Rogers is joining me today on the program.

I caught up with Jim recently from his offices in Singapore.

And I'm getting Jim's take on what he thinks about world markets, including stocks, including bonds.

If you have not yet, as I said at the outset, created a free login for retirementlifestyleadvocates.com, I'd encourage you to do that.

There are more resources available there.

Again, the website retirementlifestyleadvocates.com. I'll be back after these words with my special guest today, Mr. Jim Rogers.

Don't go away.

For me, in around 1994, 1995, I read two books.

One was Investment Biker by Jim Rogers.

Yeah, excellent book.

Exceptional book, just in terms of the worldview.

The CPA thing, a CPI thing in 2005, 2006, I remember when I was producing for you.

Every week we had Rogers.

What's his first name? Jim Rogers, yeah.

Old friend Jim Rogers.

Yeah, Jim Rogers.

I'm calling him all over the world, Shanghai, New York, whatever.

Every week he would come on, and I remember when he said, yep, here it comes, the housing's done.

It's actually funny.

I, I read a book, I think it was in between my, my B school years, you know, for my internship, and, uh, it's, uh, a book by the old Quantum, uh, portfolio manager, Jim Rogers, and it's titled Hot Commodities.

And before that, I'd never even thought about commodities or natural resources, and the book just really resonated with me, just kinda understanding oil and, and under investment and demand.

And, and when it came time to pick my internship sector, I said, "Hey, you know what? Why don't I pick oil?" Because irregardless of what I cover later, it'll be good to understand that.